for more on the markets and how they're reacting to the pandemic we bring in boom bust co-host christine christy what can you tell us. well u.s. equities fell off the open again monday as the fears of a global recession made investors panic for the escape button global central banks are now moving in lockstep in a coordinated effort to plug the flow but more policy support is needed from here over in the u.k. the chancellor pledged the state to pay 80 percent of worker wages up 22252500 pounds per month germany in an abrupt departure from its usual fiscal discipline announce a 150000000000 euros in new debt and the bank of japan purchased on a 200000000000 yen an e.t.f. which is a daily record now over in the u.s. however politics got in the way resulting in a whole lot of nothing the measure and next these parents losses at noon after senate minority leader chuck schumer said a massive stimulus package is very close to being done in this package to combat the economic damage from the current a pandemic will likely total more than 2 trillion dollars which is about 10 percent of the u.s. economic

corona virus continues to impact markets across the globe we are joined by boom bust co-host christine christy. now sarah we have another 4 did a day in the dow as global indexes all search on stimulus hopes that lawmakers are getting close to a massive 2 trillion dollar deal was led by energy bouncing over 11 percent followed by industrials and financial that each jumped more than 9 percent stocks hit hardest by the shutdowns resulting from the crowd of virus led the gains tuesday with casinos and hotel names airlines and industrials all gaining double digits the dow surged the most since 2008 than 10 percent as investors rediscovered some risk appetite but even as the government touts all these relief efforts companies especially small businesses are still struggling to tap into the funds lack of clarity and support will stall the economic recovery if the funds are not the plight asked not the world's supply chain is now just barely hanging on a selective supply shocks to lay goods received at the borders as the stimulus bill continues to forge ahead some highlights include cash payments of

section at trucking coronavirus but for more market analysis we bring in boom bust co-host christine christie. now futures pared gains overnight as the white house and senate struck an agreement on the historic 2 trillion dollar deal to aid the economy and face the coronavirus the brief pullback came as a bill would ban stock buybacks for the term of the government assistance plus one year on any company that received a government loan from the bill as the market digested the new sentiment quickly turned positive as the market accepted it and then there was no new incremental punishment and that company's doing buybacks the u.s. equity market finally turn around and post its 1st back to baghdad since the corona crisis began with the dow up over 5 percent following its historic 11 percent surged or oil names like chevron and exxon rally double digits along with airlines automakers and homebuilders the in the charge but how long before this down the sold off right now the stimulus measures are moving the markets on sentiment which is much faster than underlying fundamentals which would take mor

for more on the markets and how they're reacting to the pandemic we bring in boom bust co-host christine christy what can you tell us. well u.s. equities fell off the open again monday as the fears of a global recession made investors panic for this capon global central banks are now moving in lockstep in a coordinated effort to plug the flow but more policy support is needed from here over in the u.k. the chancellor pledged the state to pay 80 percent of worker wages up 22252500 pounds per month germany in an abrupt departure from his usual fiscal discipline announce a 150000000000 euros in new debt and the bank of japan purchased on a 200000000000 yen e.t.f. which is a daily record now over in the u.s. however politics got in the way resulting in a whole lot of nothing the measure and next these parents losses at noon after senate minority leader chuck schumer said a massive stimulus package is very close to being done in this package to combat the economic damage from the current a pandemic will likely total more than 2 trillion dollars which is about 10 percent of the u.s. economic output in

christi christine, stay there.ng and they see the market halted, right, the dow is off 1,884 points, down 7.3%, it stopped because trading stopped. the trigger was hit, the mechanism is in place to stop things for a little bit while you see a panic. >> reporter: yes, the idea is take a breath. i've listen asking traders what are you doing for the next 15 minutes? they said we're going to take a breath. obviously you've got them behind me and all over, assessing their positions, trying to figure out what their move is going to be, and a little less than 15 minutes, when the market reopens, but clearly, this is panic trading in the markets, and this is fear-driven. one trader coming up to me saying this isn't real. although you know, we've got the panic in the oil markets, which set off this latest fear, it's just one more layer in addition to the coronavirus fears, and you know, unexpected impacts of the coronavirus on the global economy. so the oil markets plunging, bond markets flashing a red signal about a possib

economists have predicted boom bust co-host christine thank you so much for joining us we'll talk to you again very soon about exactly the. thank you. as christi just mentioned the possibility of governmental stimulus isn't doing what it needed to prop markets as they continue to crater so let's get some more expert analysis as we are joined by tobin smith c.e.o. trip for the research so been great to have you on the show i really appreciate your time today how much of this crash if that's really what you want to call it has to do with the coronavirus pandemic we know oil is hurting we know airlines are hurting and and when it's bad it's right across the board these days so what do you make of all of this. well i mean i 1st got to get the context right i think in the context is a pandemic is one that's a health shock the 2nd how long is not going to last but remember we borrowed 30 trillion dollars in the government and in the private sector with free money and so now the bubble is bursting because the 3rd part of the context to get it right is the government and frankly i don't care the love or hate president trump but he is completely blown