Carl Quintanilla, Jim Cramer and David Faber discuss the fall in oil prices over demand concerns with WTI plunging nearly 40%. Shares of Chevron and Exxon Mobil falling more than 5% to lead the Dow Lower. The S&P energy sector losing more than 6% as Occidental and Halliburton both fell more than 10%. Shake Shack returning the small business loan it received from the government, making it the first major firm to hand back money. The company will immediately return the entire $10 million SBA loan as it received additional capital. Plus, the plan to reopen Las Vegas. Wynn Resorts CEO Matt Maddox calling for a mid-to-late May reopening of the Las Vegas Strip, with extensive safety measure in place.
Squawk on the Street
Stocks Following a Decline in Oil Prices, Shake Shack Returns Government Loan, The Plan for Las Vegas
Carl Quintanilla, Jim Cramer and David Faber discuss the fall in oil prices over demand concerns with WTI plunging nearly 40%. Shares of Chevron and Exxon Mobil falling more than 5% to lead the Dow Lower. The S&P energy sector losing more than 6% as Occidental and Halliburton both fell more than 10%. Shake Shack returning the small business loan it received from the government, making it the first major firm to hand back money. The company will immediately return the entire $10 million SBA loan as it received additional capital. Plus, the plan to reopen Las Vegas. Wynn Resorts CEO Matt Maddox calling for a mid-to-late May reopening of the Las Vegas Strip, with extensive safety measure in place.
- Broadcast on:
- 20 Apr 2020