Carl Quintanilla, Jim Cramer and David Faber discuss stocks falling to start the week amid jitters about reopening the economy too soon. Oil moving to the upside after Saudi Arabia says it will cut its oil production by an additional 1 million barrels per day. Retail woes, Under Armour reporting results with sales plunging 23%. Billionaire hedge fund investor Paul Tudor Jones commenting on the economy saying it would be in a “Second Depression” if the coronavirus pandemic doesn’t get contained in a year. Plus, Treasury Secretary Steven Mnuchin telling the “Squawk on the Street” gang that the administration is unfazed with the federal government’s historic $3 trillion in spending to combat the impact of the coronavirus thanks to the nation’s low interest rates.
Squawk on the Street
Reopening the Economy Jitters, Retail Woes, The ‘Second Depression’, Treasury Secretary Mnuchin
Carl Quintanilla, Jim Cramer and David Faber discuss stocks falling to start the week amid jitters about reopening the economy too soon. Oil moving to the upside after Saudi Arabia says it will cut its oil production by an additional 1 million barrels per day. Retail woes, Under Armour reporting results with sales plunging 23%. Billionaire hedge fund investor Paul Tudor Jones commenting on the economy saying it would be in a “Second Depression” if the coronavirus pandemic doesn’t get contained in a year. Plus, Treasury Secretary Steven Mnuchin telling the “Squawk on the Street” gang that the administration is unfazed with the federal government’s historic $3 trillion in spending to combat the impact of the coronavirus thanks to the nation’s low interest rates.
- Broadcast on:
- 11 May 2020