4.6 • 1.8K Ratings
🗓️ 18 March 2020
⏱️ 11 minutes
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0:00.0 | Welcome to the Jill on Money Coronavirus Market update. These are your daily |
0:09.7 | doses of a little bit of a recap of what happened on the day as well as our opportunity to |
0:15.4 | answer your questions. If you do have a question feel free to send it to ask Jill |
0:21.9 | at Jill on Money.com and remember we sound a little bit weird maybe you |
0:28.0 | notice it if you've got some good headphones or headsets you might notice that |
0:32.2 | we sound different. |
0:33.5 | Mark and I are actually in different locations right now. |
0:37.4 | The broadcast center where we usually do this show is closed to any non-essential folks and although I think I'm |
0:46.4 | essential to CBS I'm not that essential I don't need to go into the building |
0:50.2 | where people are actually bringing the virus and they say they cleaned it I'm |
0:53.8 | sure they did happier not to necessarily test that out so it's been a crazy day we |
0:58.7 | are recording this it is 738 Eastern Time on Tuesday and we are coming off of a much better day than |
1:08.9 | yesterday. We'll drop this on Wednesday morning, but today Tuesday the Dow recouped about a third of those |
1:17.3 | historic losses from Monday gaining a thousand points or 5.2 percent. S&P up 6 percent. |
1:24.0 | Nasdek up 6.2 percent. |
1:26.0 | Russell 2000, which has gotten hammered of late, up 6.6 percent for those of you who own those smaller stocks. |
1:34.0 | And why do we turn higher? |
1:35.6 | Well, a couple things that happened. |
1:37.2 | The Fed stepped in, did a little bit more of the |
1:40.4 | unclogging of the financial drains. |
1:43.2 | And also we finally got some idea about what was going to happen |
1:47.2 | from the federal government in terms of the going forward of a stimulus plan. It does look like with Congress kind of acting at this point, |
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