The Nation's Financial Condition

[a fan]

I'll be stunned if we don't have a 5%+ drop in the Dow tomorrow.

There is ZERO leadership economically.


Trump still thinks it's no big deal. Millions think this is the Dems trying to take Trump down.


And btw, has anyone noticed how many of our leaders in DC are in the "at risk" age group? Senate? Congress?

[Trinity]

Futures off 1000 pts after Jared’s speech falls flat.

[SCLaxAttack]

Tom Hanks and his wife just tested positive.

Folks. The disease is now personified for millions of Americans....making it feel real to them.

I pray Hanks isn’t this virus’ Rock Hudson.

[old salt]

Restricting all travel and cargo from Europe!!!!!!!!!!

Do you guys have ANY CLUE what this will do to US businesses?

Bailouts just multiplied. If Trump doesn't start cutting checks? 08 is going to look like a walk in the park.....

(can't believe he restricted cargo)

The cargo's gonna move. He got lost on the teleprompter at that point.

US citizens & legal residents will be able to return.
Businesses are curtailing travel on their own.
United had a town hall mtg with employees today.
They expect a 50% cutback. They're parking widebodies or switching them to domestic routes.

It's 30 days to allow testing to catch up, both here & in the EU.

[a fan]

Ah, I see his clarification now. Whew. Big, big difference, thanks OS.

I'm glad staffers were freaked out enough to insist Trump correct himself.

[old salt]

I was going to recommend you contact Blackwater to charter a G-5 (off the books) to fly your hops out of Munchen.

[a fan]

Funny thing, we just got our year's botanical harvest out of Europe a couple weeks ago. And our French Glass manufacturer opened a plant in Mexico that uses sand from Georgia (the State). So we're good regardless. Was more worried about...in my industry....EU wine and spirits.

Spare parts though? Different story. You never know where the parts originate...just where they're sold wholesale. So who knows?

Thought it was more than weird that he singled out cargo. But we live in strange times....

[MDlaxfan76]

Restricting all travel and cargo from Europe!!!!!!!!!!

Do you guys have ANY CLUE what this will do to US businesses?

Bailouts just multiplied. If Trump doesn't start cutting checks? 08 is going to look like a walk in the park.....

(can't believe he restricted cargo)

The cargo's gonna move. He got lost on the teleprompter at that point.

US citizens & legal residents will be able to return.
Businesses are curtailing travel on their own.
United had a town hall mtg with employees today.
They expect a 50% cutback. They're parking widebodies or switching them to domestic routes.

It's 30 days to allow testing to catch up, both here & in the EU.

I suspect you're correct, but can you tell us how we know that "He got lost on the teleprompter at that point."?

Is there a released text that had it correctly? Is that how you know?

Likewise that the travel ban isn't "all travel from Europe" but rather just non-Americans?
Was that just a misspeak too, a mis-read maybe? "lost?"

And did the speech he was reading explain why the UK isn't included, given that they have considerably more virus cases than most European countries?

Or perhaps South Korea? or...

How "lost" was he?
https://www.businessinsider.com/white-h ... nse-2020-3

[Kismet]

That he got lost on reading a teleprompter should inform us all that he is totally clueless. This fact may be our collective worst nightmare.
He is so lost he might as well be on Mars. We all better hope he doesn't do something really rash and ll conceived that makes things worse rather than better.

[Typical Lax Dad]

That he got lost on reading a teleprompter should inform us all that he is totally clueless. This fact may be our collective worst nightmare.
He is so lost he might as well be on Mars. We all better hope he doesn't do something really rash and ll conceived that makes things worse rather than better.

The longest tenured Trump spokesperson made the call here.

[CU88]

Restricting all travel and cargo from Europe!!!!!!!!!!

Do you guys have ANY CLUE what this will do to US businesses?

Bailouts just multiplied. If Trump doesn't start cutting checks? 08 is going to look like a walk in the park.....

(can't believe he restricted cargo)

He got lost on the teleprompter at that point.

https://www.wusa9.com/article/news/heal ... 4d5d339c2b

Trump, who has been relentlessly mocking Biden for his gaffes, just announced in an Oval Office address that he is banning goods trade from Europe although he is not banning goods trade from Europe.

[RedFromMI]

Futures off 1000 pts after Jared’s speech falls flat.

Down over 1850 points at 27 minutes in (nearly 8%)

[Kismet]

Restricting all travel and cargo from Europe!!!!!!!!!!

Do you guys have ANY CLUE what this will do to US businesses?

Bailouts just multiplied. If Trump doesn't start cutting checks? 08 is going to look like a walk in the park.....

(can't believe he restricted cargo)

He got lost on the teleprompter at that point.

https://www.wusa9.com/article/news/heal ... 4d5d339c2b

Trump, who has been relentlessly mocking Biden for his gaffes, just announced in an Oval Office address that he is banning goods trade from Europe although he is not banning goods trade from Europe.

Twitter line of the day on the speech last night

"We regret to inform you that none of the accurate things the president said were soothing and none of the soothing things were accurate"

Pretty much sums it all up

[CU88]

The market was at 27,960 when chief White House economic advisor Larry Kudlow suggested that people “buy the dip.”

Anyone who listened has lost 26% in 3 weeks.

[Trinity]

Thank God we’ve got a Wharton man at the helm.

[CU88]

The markets were expecting Trump to announce preemptive containment measures. Instead, he blamed European nations for exporting coronavirus to the U.S. Unsurprisingly, Dow futures crashed over 5% after the speech.

When does o d resign and will the market rebound with that decisive action?

[Kismet]

The markets were expecting Trump to announce preemptive containment measures. Instead, he blamed European nations for exporting coronavirus to the U.S. Unsurprisingly, Dow futures crashed over 5% after the speech.

When does o d resign and will the market rebound with that decisive action?

We couldn't be that fortunate.

[holmes435]

The DJIA was at ~19827 on Inauguration Day. S&P 500 was at ~2271.

We could very easily hit those numbers again today or tomorrow

[foreverlax]

Restricting all travel and cargo from Europe!!!!!!!!!!

Do you guys have ANY CLUE what this will do to US businesses?

Bailouts just multiplied. If Trump doesn't start cutting checks? 08 is going to look like a walk in the park.....

(can't believe he restricted cargo)

The cargo's gonna move. He got lost on the teleprompter at that point.

US citizens & legal residents will be able to return.
Businesses are curtailing travel on their own.
United had a town hall mtg with employees today.
They expect a 50% cutback. They're parking widebodies or switching them to domestic routes.

It's 30 days to allow testing to catch up, both here & in the EU.

Here is the transcript....

To keep new cases from entering our shores, we will be suspending all travel from Europe to the United States for the next 30 days. The new rules will go into effect Friday at midnight. These restrictions will be adjusted subject to conditions on the ground.

There will be exemptions for Americans who have undergone appropriate screenings, and these prohibitions will not only apply to the tremendous amount of trade and cargo, but various other things as we get approval. Anything coming from Europe to the United States is what we are discussing. These restrictions will also not apply to the United Kingdom.

Looks like he read what was written.

[Farfromgeneva]

The DJIA was at ~19827 on Inauguration Day. S&P 500 was at ~2271.

We could very easily hit those numbers again today or tomorrow

Thank you for citing S&P 500. Small thing but always bugs me when people talk DJIA, which is 30 human selected companies meant to represent the economy, almost always lagging, and stock price weighted (which is insane except when it was created maybe 100yrs ago). S&P is 500 is a free floating market capitalization weighted indices that much, much, much better reflects the stock market (and economy). Dow gets a lot of headlines but I try to push everyone to be focusing on SPX.