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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Sdgla who wrote (1211248)3/20/2020 9:58:07 PM
From: sylvester802 Recommendations

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pocotrader
rdkflorida2

  Read Replies (1) | Respond to of 1576667
 
Yet U have no answer for the FACT that POS tRump DOUBLED the DEFICIT that Obama had during non-recession years. And the accumulation of the yearly DEFICITS makes the national debt. This is a FACT that only liar math challenged trumptard morons can deny. INCOMPETENT LIAR POS tRUMP is running DOUBLE the deficit of Obama during non-recession years. And now with the trumpvirus recession/depression he will more than double even during recession years. So GFY and get yourself enrolled in some math classes you freaking math challenged idiot...



To: Sdgla who wrote (1211248)3/20/2020 10:03:15 PM
From: sylvester80  Respond to of 1576667
 
STOCKS CLOSE AT 3-YEAR LOW IN WORST WEEK SINCE 2008; tRUMP ERA GAINS OBLITERATED
finance.yahoo.com

Stocks on Friday plunged to a three-year low, closing out their worst week since the 2008 financial crisis and obliterating all of the gains made since President Donald Trump was inaugurated, as investors weighed the escalating coronavirus outbreak against vast stimulus measures designed to mitigate the crisis.

The losses, which came to more than 4% for the S&P 500 and Dow during Friday’s session alone, brought the S&P 500’s total weekly losses to 15% for its worst weekly performance since October 2008. The Dow swan-dived 17.3% on the week, with all the benchmarks settling at their lowest levels since early 2017.

Risk assets dropped even as the Trump administration unveiled a laundry list of new relief measures — including a three-month delay to the April 15 tax deadline and temporary pause on federal student loan payments — meant to backstop consumers. The Federal Reserve also stepped in with more relief, broadening out the types of assets included in its purchase program and expanding its dollar liquidity operations with other major central banks.

However, the virus’ rapid spread had led to social distancing policies that have all but brought America’s public life to a grinding halt. Amid mass closures of private businesses, soaring layoffs and school shutdowns, economists all but expect the global economy — and the world’s largest — to plunge into a deep recession in the coming quarters.



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New York remains the epicenter of America's outbreak, with thousands of confirmed cases.
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“We expect declines in services consumption, manufacturing activity, and building investment to lower the level of [growth] in April by nearly 10%, a drag that we expect to fade only gradually in later months,” Goldman Sachs said on Friday. The bank predicted the U.S. economy will contract by a staggering 24% in the second quarter before rebounding in the second half.

As companies cut costs and reduce workers’ hours amid store closures, economists are bracing for a surge in joblessness and slump in consumer spending to undercut the U.S. economy’s previously booming labor market and services sector.

The number of coronavirus cases climbed above 258,000 globally on Friday, including more than 16,600 in the U.S. A day earlier, the number of deaths in Italy overtook those in China, the original epicenter of the outbreak, further escalating concerns that the pandemic remains far from being contained globally. The U.S. State Department Thursday afternoon issued an advisory urging U.S. citizens not to travel internationally at all amid the coronavirus outbreak.

Most market participants have come to anticipate further volatility, as impending corporate earnings results and economic data begin to reflect the fuller effects of the coronavirus outbreak.

Already a growing number of companies have tossed their full-year outlooks out the window, needing more time to assess the impact of the ever-evolving health crisis.