Daily Rundown

“I Don’t Care If The Market Is Crashing, Rebounding... Or Just Going Sideways…”

Retire In 18 Months With $2.4 Million Regardless Of Market Conditions? It takes a certain sort of person to sit back while the global markets are on fire and say, ‘I just don’t care…bring it on.

The Fed Just Announced Another $2.3 Trillion In Financing Programs As Jobless Claims Surge By 6.6 Million

April 9, 2020

Plus, the Trump Administration is reportedly launching a new coronavirus task force focused on the economic devastation caused by the pandemic, oil rose on reports Saudi Arabia and Russia have come to agreement on a massive production cut, and airline stocks are on the rise after Mnuchin said airlines could hear back on their applications for government aid by as soon as tomorrow.

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The White House Is Working On A Plan To Open Parts Of The U.S. Within The Next 30 Days

April 8, 2020

Plus, expectations are low for an agreement at tomorrow’s OPEC+ meeting on an oil production cut, McDonald’s reported a 22% decline in same-store sales last month, and Zoom Technologies just got hit with a lawsuit over its privacy and security shortcomings.

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Congress Is Working On Another $1 Trillion Stimulus Package

April 7, 2020

Plus, the S&P may have just entered a new bull market, Darden Restaurants shares are up after it said to-go orders are surging, and Carnival shares are up after the Saudi sovereign wealth fund takes a big stake in the cruise operator.

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Stocks Are Higher Even As U.S. Surgeon General Says This Week “Is Going To Be Our 9/11” Moment Amid The COVID-19 Pandemic

April 6, 2020

Plus, JPMorgan’s Jaime Dimon said the coronavirus crisis will produce a “bad recession,” oil is lower as the OPEC+ meeting to discuss a production cut is delayed, and Apple said it will deliver 1 million face shields per week starting this week.

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Coronavirus Pandemic Is “Like A Hurricane But Hitting The Entire Country At The Exact Same Time” As Cases Surge Past 245,500

April 3, 2020

Plus, oil is climbing again on reports that OPEC+ is meeting Monday to discuss production cuts, 3M said it is increasing production capacity for its masks for healthcare providers to 50 million per month, and Tesla delivered more vehicles than expected in the first quarter.

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Jobless Claims Surged By 6.65 Million Last Week Bringing The Two-Week Total To More Than 10 Million

April 2, 2020

Plus, oil is climbing after Trump said Russia and Saudi Arabia will work toward easing the pressure on oil by ending their price war, U.S. coronavirus cases rose past 216,000, and Luckin Coffee shares plummeted after the company disclosed that its COO had fabricated 2019 sales figures.

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Trump Says The U.S. Is In For A “Very Painful Two Weeks” Ahead As Experts Say COVID-19 Deaths Could Spike To 2,200 Per Day

April 1, 2020

Plus, manufacturing contracted in March, new mortgage applications fell, Fiat Chrysler reported a more than 10% decline in auto sales in the first quarter, and T-Mobile and Sprint finally completed their merger.

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The Dow Is About To Close Out Its Worst Quarter Ever

March 31, 2020

Plus, the White House and congressional Democrats are beginning work on a fourth stimulus package, Simon Property Group has furloughed 30% of its workers amid the coronavirus pandemic, and Domino’s shares are down after the pizza chain said sales rose less investors had expected in the first quarter.

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Oil Just Fell To An 18-Year Low & Could Keep Falling – Here’s Why

March 30, 2020

Plus, President Trump abandoned his hope of re-opening the U.S. economy by Easter as cases surge to more than 143,000, Macy’s said it is furloughing the majority of its 130,000 employees, and Johnson & Johnson said it will begin human trails on its experimental COVID-19 vaccine by September.

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Consumer Sentiment Slipped By The Most Since October 2008 This Month As The Coronavirus Grinds The U.S. Economy To A Halt

March 27, 2020

Plus, the $2 trillion stimulus bill has hit a snag in the House, the U.S. now has the most cases of the coronavirus in the world, and Novartis’ CEO said it’s “too soon” to say if two anti-malaria drugs will be an effective vaccine against the deadly virus.