4.4 • 823 Ratings
🗓️ 12 May 2020
⏱️ 39 minutes
🧾️ Download transcript
With the help of Motley Fool Contributor Dan Kline, we’ll talk about which companies are least likely to survive the financial fallout from the coronavirus pandemic.
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0:00.0 | This episode of Motleyful Answers is brought to you by Molecule. Molecule is reimagining the future of clean air, |
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0:14.4 | Fool 10 at checkout. |
0:19.1 | This is Motleyful Answers. I'm Alison Southwick and I'm joined as always by Robert Brokamp, |
0:23.7 | personal finance expert here at The Motley Fool. Hello, Robert. Hello, Alison. Joining us this |
0:29.7 | week is Dan Klein. He's going to talk about which companies are least likely to survive the financial |
0:34.3 | fallout from the coronavirus and Bro recounts yet another painful and |
0:39.0 | baffling week in the global economy and stock market. All that and more on this week's |
0:43.4 | episode of Molly Flancers. So, bro, what's up? The stock market, of course. It doesn't make any sense. |
0:53.1 | Well, let's review what happened during the first week of May, ending on May 8th. |
0:58.9 | So the S&P 500 was up 3.5% for the week. |
1:02.9 | So at this point, it's only down 9.3% for the year. |
1:06.4 | Nasdaq, even better, up 6% for the week. |
1:09.5 | That puts it in positive territory for the year. |
1:13.2 | So during one of the worst economic downturns ever, the NASDAQ is up almost 2%. Small caps also had a good week, 5.7%, but they're still down 16% for the year. |
1:22.9 | International stocks up 3%, but down 18% for the year. And boring old bonds are down slightly last week, |
1:30.5 | but up 5% for the year. So if you're looking at your portfolio, it's mostly all good news. |
1:36.7 | The bad news from last week came from the monthly employment report. So we've been talking |
1:42.6 | every week about job losses. Those are actually |
1:45.0 | figures of the number of Americans filing for unemployment with the states. But last Friday, |
1:50.8 | the U.S. Bureau of Labor Statistics, otherwise known as the BLS, announced the official employment |
1:56.4 | numbers for April. And these figures are based on surveys of tens of thousands of households and |
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