Monday Market Plunge, Montana Senate Showdown, CPAC's Coronavirus Caper

3 Martini Lunch – Political Humor & Commentary

Radio America

Government, News, News Commentary

4.6 • 1.5K Ratings

🗓️ 9 March 2020

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

There's not a lot of good news Monday, so let's just tackle the bad stuff on Three Martini Lunch. Join Jim and Greg as they react to the massive Wall Street sell-off as investors are spooked by coronavirus, oil prices, and the bond market, and once again they call out irresponsible figures either whipping up panic or openly cheering for the virus to spell Donald Trump's political doom. They also wince a bit as Montana Democratic Gov. Steve Bullock launches a challenge to GOP Sen. Steve Daines, adding another race where Republicans will have to work hard to keep a seat. And they react to the news that a CPAC attendee has tested positive for coronavirus, prompting Sen. Ted Cruz and Rep. Paul Gosar to self-quarantine themselves after interacting with that person.

Transcript

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0:00.0	Welcome to the Three Martini lunch.
0:04.6	Grab a stole next to Greg Carumbus of Radio America and Jim Garrity of National Review.
0:09.4	Three Martini's coming up.
0:11.8	Well, happy Monday.
0:15.0	Sure wish it was a lot happier.
0:17.0	To keep with the mood of the day on Wall Street and beyond,
0:20.0	there are no good martinis today, bad, bad, and crazy crazy we do have good news though on our
0:24.3	sponsor it's figs then three martini lunch listeners can now get 15% off for a
0:29.3	limited time from figs just go to where figigs.com and enter the code Martini 15, Martini 1-5 at
0:37.0	checkout. Jim, who wanted to retire anyway? I mean really it wasn't that important. It was just you know
0:44.2	putting money away for the golden years but to know obviously we're going through a
0:49.0	downturn right now. The markets had a very rough start this morning.
0:53.6	So bad in fact that the SP 500 was down 7%
0:57.4	five minutes after the opening bell,
0:59.5	which automatically triggered a halt in trading. It came back up. Things are still
1:05.4	way down roughly 4 to 5% as we're recording here around noon Eastern time and
1:10.8	by the time you hear this who knows exactly how it's going to look but
1:14.5	Jim I never thought I'd be looking at a Wall Street board of the Dow and say oh it's
1:19.1	only down 1200 now that's that's that's better because it was down 2,000 earlier and
1:25.4	Jim there's obviously the the three different factors that are working here. There's
1:29.9	a concern about economic global disruption here with the coronavirus and things
1:34.7	not being able to get sent from one part of the world to another, different areas
	...

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