Hour 1 Corona Virus

The Mark Simone Show

iHeartRadio and Mark Simone

News

4.3 • 694 Ratings

🗓️ 9 March 2020

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

Wall street tumble. Oil price dip. Schools and colleges closing because of Corona

Transcript

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0:00.0	Mark Simone on the voice of New York, 710 WOR.
0:06.9	Well, all right, everybody, calm down, calm down.
0:09.8	This is the place you come every day to get straightened out.
0:12.4	Everything put into perspective.
0:14.2	Stay nice and calm.
0:15.2	Nothing, nothing that bad.
0:17.1	Look at that beautiful sunny day.
0:19.0	Going to be near 70 today.
0:20.9	It's practically spring.
0:22.3	It's just a few days away.
0:23.4	All right.
0:23.6	Stocks halted.
0:25.2	That was automatic.
0:26.4	They called these circuit breakers.
0:28.7	A 7% drop kicks in a circuit breaker that halts trading for 15 minutes.
0:35.0	That happened automatically.
0:36.7	The next circuit breaker is when it's down
0:38.7	13%. I don't think we'll reach that because it's stabilized since reopening. At the reopen,
0:45.7	it was down 2,000 points. Now it's 1,500. So it's up 500 points in the last 10 minutes. That's not bad.
0:51.6	By the way, if you're watching fake news, they'll tell you, this is all coronavirus and the president's mishandling of it.
1:00.2	Most of this crash today is the result of the biggest oil fight we have ever seen in the world.
1:07.3	We've never seen anything like this.
	...

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