4.4 • 652 Ratings
🗓️ 29 April 2020
⏱️ 34 minutes
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0:00.0 | Mr. New York, Mark Simone on W.O.R. |
0:05.0 | Well, we got another hour to go and lots to get to. |
0:08.3 | We'll get to Governor Cuomo and President Trump, and we'll get to the economy. |
0:13.0 | Actually, let's get to the economy right now. |
0:15.5 | The, what was the, it was the first quarter of the report down 4.8%? |
0:20.8 | First quarter GDP down 4.8%? Yeah. |
0:24.7 | First quarter GDP down 4.8%. That is the worst quarter since the depression. |
0:28.2 | That is the biggest drop since the depression. |
0:30.6 | Yet the stock market is up hundreds of points right now, about 400 points or so. |
0:37.0 | That's pretty impressive, isn't it? |
0:38.6 | Well, the market is rallying because there's word that there might be a breakthrough in |
0:43.9 | terms of a coronavirus treatment. Yeah, I don't know about that. I mean, that's one reason, |
0:50.4 | although I think the market loves two two things they love a bottom and they |
0:54.4 | love certainty and they may think we're at the bottom and they see some |
0:59.1 | certainty as far as when will come out or how we'll come out so you got to |
1:03.3 | remember you had the greatest economy in the and the world going a couple of |
1:08.4 | months ago so as we went into this crash, it was with the greatest |
1:12.2 | economy. So even though you sink this much, it's still in pretty good shape. Can you |
1:16.7 | imagine if we had a bad economy going into this? Actually, you know, the Dow is not too bad. |
1:21.3 | I mean, it's 24,500. I mean, you know, it's not where it was, but it's recovering slowly. |
1:26.9 | No, but it's still way above the Obama it's recovering slowly. No, but it's still |
1:28.0 | way above the Obama Dow right now. So, but if we'd had a bad economy going to this, that we could |
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