Mottek On Money

Mottek On Money Special Edition - Coronavirus Crisis Bear Market: Stocks take the worst tumble in a couple of weeks on a blizzard of tough news on the coronavirus ravaged economy. Retail sales plunged a record 8.7% in March, manufacturing and overall industrial production record the biggest drops since 1946 when the U.S. demobilized after World War II and banks brace for big loan losses. Oil demand is expected to fall this year by the most ever due to the coronavirus shutdowns. Oil closed below $20 a barrel for the first time since 2002. Los Angeles gas prices move lower. The Dow came in for a closing loss of 445 points to settle at 23,504. A comprehensive mid week update on the economy and the markets with Art Hogan, Chief Market Strategist, National Securities and John Kilduff, Oil analyst, Again Capital and CNBC contributor.Support the show: https://www.frankmottek.com