March Market Madness; Ariel Investments; Saudi Oil Output

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 10 March 2020

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Coronavirus fears have shaken the global markets; the New York Stock Exchange even tripped a “circuit breaker” designed to halt trading and give investors a few minutes of perspective. Virtus Investment Partners’ Joe Terranova weighs in on market volatility and President Trump’s planned stimulus package. Volatility has also shaken Robinhood, the millennial-favored trading platform. Ariel Investments Chairman John Rogers has 37 years of experience investing through crises, and he’s thinking long term through this market roller coaster. Plus, RBC’s Helima Croft is fresh off a trip to Riyadh with her insights on the Saudi-Russian oil price war that has sent crude prices to multi year lows.

Transcript

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0:00.0	Bring in show music please.
0:03.0	This is Squawk Pod, the daily podcast brought to you by the team behind Squawk Box.
0:08.0	NYC, this is NBC Control 2.
0:10.0	See, NBC's essential morning show.
0:12.0	PCR2. Every day get the best stories, debate, and analysis. see The president is planning a stimulus and the markets are all over the place.
0:26.0	We were sitting at all-time highs on February 19th.
0:29.0	We've come down 19th.
0:30.0	12 trading days.
0:31.0	The Saudi Russian split
0:33.2	the NBC contributor Halima Croft on what's at stake in an all-out
0:37.2	oil price war.
0:38.2	If we get into that type of situation where the Russian is essentially saying,
0:42.1	we're going to target
0:43.0	shale we want shale to rollover first this could be an extended
0:47.6	downturn in 2020.
0:48.9	37 years of market drama experience. Arial Investments Chairman John Rogers.
0:54.6	We were there in 87 buying bargains during that crisis.
0:58.2	We were there in 2008, early 2009 buying bargains.
1:01.4	We think this is the opportunity to buy. Those stories, plus what's
1:06.2	a hoped-for recovery without some alphabet soup? Is this a U-recovery? Is it a lower-case fee or an upper case fee?
1:13.6	I'm the NBC producer Katie Kramer.
1:15.2	It's Tuesday, March 10, 2020.
	...

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