Loud & Clear
Coronavirus Crash? Stock Market & Oil Market Crash on the Same Day
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 1:56:45
- More information
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Synopsis
On today's episode of Loud & Clear, Brian Becker and John Kiriakou are joined by Dean Baker, the co-director of the Center for Economic Policy and Research.Chaos reigned on Wall Street today as trading was halted just 12 minutes into the session with the Dow Jones Industrial Averages down over 2,000 points. Meanwhile, an oil pricing war between Russia and Saudi Arabia couldn’t have come at a worse time for producers as prices took their biggest fall since the outbreak of the 1991 Gulf War. The price of West Texas Crude fell below $30 for the first time in 29 years. The coronavirus is now being reported in 34 states and the District of Columbia. But Seattle seems to have been the location of the genesis of the outbreak in the US with nearly all domestic deaths coming from the area. Indeed the death toll just in Washington State is now 19 with a reported 136 cases. And yesterday, after Governor Jay Inslee complained about a lack of leadership on the outbreak coming from the White House, he was attacked by P