Special Report | Markets in Turmoil
Squawk Pod
CNBC
4.2 • 543 Ratings
🗓️ 18 April 2020
⏱️ 48 minutes
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| 0:00.0 | Hi, I'm CNBC producer Katie Kramer, one of the voices behind the CNBC podcast SquawkPod. |
| 0:07.1 | In these times of uncertainty, we want to make sure we're bringing you, our listeners, as much information as possible, as quickly as we can. |
| 0:15.0 | That's why we're sharing with you now a CNBC special report, Markets and Turmoil. |
| 0:19.8 | Listen in. |
| 0:31.0 | Good evening. I'm Wilfrid Frost on day 110 of the coronavirus crisis. Stocks end the week with another big push forward and in one hour a new mandatory face mask rule goes into effect |
| 0:36.9 | here in New York State. |
| 0:41.4 | Big rally to end the week on Wall Street. |
| 0:43.8 | Stocks pick up more lost ground. |
| 0:46.4 | We're nowhere near where we need to be untesting. |
| 0:48.8 | One reason? |
| 0:49.9 | Optimism, a virus fighter is coming soon. |
| 0:52.6 | The results are looking encouraging. |
| 0:56.9 | But is the market placing too much hope in a cure? |
| 1:02.8 | This CNBC's special report, markets in turmoil, begins right now. |
| 1:04.5 | Here's Wilfred Frost. |
| 1:08.1 | Stocks rallying sharply to end the week on the news. |
| 1:11.5 | We bought you last night about Gilead's virus treatment showing early promise. The Dow rose 700 points today to finish at its highest level since March 10th. Strong |
| 1:17.6 | showings from the S&P 500, the NASDAQ as well. S&P now 15% from its all time high. The NASDAQ, just 12% |
| 1:26.2 | from its high. Leading the way on the Dow, a nearly 15% |
| 1:29.8 | gain in Boeing after it said it was restarting commercial production in Washington. Gilead was the |
| 1:35.5 | biggest winner on the NASDAQ. That was up 10%. For the week, the Dow was up 2%. S&P 500 was up 3%. |
| 1:42.7 | The NASDAQ, a strong 6% higher for the week as a whole. For more on today's markets, let's go to Bob Pisani. Bob, what were the key takeaways for you? Well, you showed the leaders here. It was a bit of an anomaly because all the stuff that underperformed this week actually outperformed today. So it was a bit of a flip compared to what happened the prior four days. |
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