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Jill on Money with Jill Schlesinger

Coronavirus: Stay the Course?

Jill on Money with Jill Schlesinger

Audacy

Self-improvement, Business, Investing, Education

4.61.8K Ratings

🗓️ 7 April 2020

⏱️ 11 minutes

🧾️ Download transcript

Summary

When the market is doing crazy things, sometimes people start acting in crazy ways. But more times than not, staying the course really is the best advice. Have a money question? Email me here. Please leave us a rating or review in Apple Podcasts. "Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to the coronavirus market update. It is 502 p.m. on Monday evening when we are

0:11.2

recording this. Woe what a day for the stock market.

0:15.0

I don't know why.

0:17.0

I really don't know why.

0:18.0

But anyway, stocks across the board up by 7%, 7 and then some. The Dow added 1,627 points. That's crazy. And the Russell 2000 even moving, 8.4% volatility volatility is dropping so here's what it says on some financial

0:36.8

nonsensical website

0:38.3

Dow Sores as growth rate of new coronavirus cases appears too slow. You got to be kidding me. That's why the

0:44.8

dowels soaring. Well people are really dumb. I mean it could be that we're done and things are getting

0:50.0

a lot better but I don't know it could be getting worse too. Let me tell you about my

0:53.9

crazy experience since I last spoke to you. So I was on Face the Nation on Sunday.

0:59.3

My first time ever, very exciting and and I get off the air and I do my thing and late in the day there is a

1:08.3

voicemail on my phone, there's no number, I listened to it. Mark, it is Senator Susan Collins from Maine,

1:18.0

calling me up. I thought someone was punking me, but it really did sound like her. So I was like give it a shot. I called back. It was

1:25.3

Senator Susan Collins from Maine who wanted to make sure that I didn't like diss the

1:31.3

SBA program to small businesses because on face the nation I had said that Friday was a complete mess and the people were having a really hard time

1:40.7

applying for loans that I knew this because people were sending me

1:44.4

screenshots and I was having conversations with people and emails from you guys.

1:48.6

I just knew it. That's it. It was the first time if politicians ever called me as I told her this, first time I ever got a phone

1:54.5

call from a politician where they weren't looking for money and it wasn't a robo-call.

1:59.1

That's my big experience of the weekend.

2:01.1

I mean, she wouldn't get off the phone.'m like aren't don't you need to get to

2:03.9

dinner? She goes oh I'm making pasta I said well don't overdo it classic mistake you know

...

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