Trillion-Dollar Optimism
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 24 March 2020
⏱️ 15 minutes
🧾️ Download transcript
Summary
Stocks surge as Congress closes in on a 2 trillion-dollar stimulus deal. What will the deal mean for business and investors? Motley Fool contributor Dan Kline tackles that question, weighs in on the postponement of the Summer Olympics, and talks about the future of live entertainment.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | This episode of Market Foolery is brought to you by Indeed. |
| 0:05.6 | It's Tuesday, March 24th. |
| 0:07.3 | Welcome to Market Foolery. |
| 0:08.6 | I'm Matt Gruner, and joining me from Florida |
| 0:10.9 | is Motley full contributor Dan Klein Dan how are we doing I'm doing well |
| 0:16.3 | given the circumstances going a little crazy but working a lot and you know by |
| 0:20.7 | all accounts doing fine how are you I'm good Dan strange times and let's get |
| 0:25.6 | right to it because we're taping this around noon on Tuesday noon eastern and |
| 0:31.0 | at the time of our taping I want you to to brace yourself the |
| 0:35.2 | stock market is up and it is up big now we have a lot of optimism to end that |
| 0:40.3 | Congress may be closing in on a two trillion dollar stimulus, a stimulus that |
| 0:45.2 | would include direct payments as well as loan and assistant programs for |
| 0:48.5 | business. Now we don't know all the specifics to Ann, but we do know right now the market really seems to like the |
| 0:55.6 | potential the Dow up around 7% investors feeling optimistic. Are you feeling |
| 1:01.7 | optimistic? Yeah it's not even so much about the details, it's about kind of putting a floor on this. |
| 1:07.0 | If we know that Boeing and Southwest and JetBlue and other major industries aren't going to be driven out of business by this, that that suggests |
| 1:16.0 | that normalcy could eventually return. Obviously there's a lot of devil in the details, but right now this is just kind of creating some belief for people |
| 1:25.1 | that eventually there will be a way out of this, that there's a government backstop, |
| 1:29.4 | be it loans, be it direct payments, that's going to help people pay their bills but also keep these |
| 1:35.0 | companies open because these are all major major employers I mean a lot of people |
| 1:39.2 | will frame this as sort of a government giveaway but what are you supposed to do? The goal is to keep people at work, and that is leading to a ton of optimism. |
| 1:47.0 | And Dan, let's talk more about that. You just mentioned some of the big airlines, and I'm wondering when it comes to the |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from The Motley Fool, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of The Motley Fool and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

