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WE'LL TAKE A CLOSER LOOK AT THE
WE'LL TAKE A CLOSER LOOK AT THE
WE'LL TAKE A CLOSER LOOK AT THE SPREAD OF THE VIRUS AND WHAT CAN
SPREAD OF THE VIRUS AND WHAT CAN
SPREAD OF THE VIRUS AND WHAT CAN BE DONE TO CONTAIN IT.
BE DONE TO CONTAIN IT.
BE DONE TO CONTAIN IT. JOE BIDEN IS PUSHING FORWARD,
JOE BIDEN IS PUSHING FORWARD,
JOE BIDEN IS PUSHING FORWARD, TRYING TO FINALLY MAKE HIS MARK
TRYING TO FINALLY MAKE HIS MARK
TRYING TO FINALLY MAKE HIS MARK IN SOUTH CAROLINA, AS BERNIE
IN SOUTH CAROLINA, AS BERNIE
IN SOUTH CAROLINA, AS BERNIE SANDERS WORKS TO HOLD HIS
SANDERS WORKS TO HOLD HIS
SANDERS WORKS TO HOLD HIS FRONT-RUNNER STATUS.
FRONT-RUNNER STATUS.
FRONT-RUNNER STATUS. OUR MARY BRUCE IS ON THE GROUND.
OUR MARY BRUCE IS ON THE GROUND.
OUR MARY BRUCE IS ON THE GROUND. >>> AND WE'RE LEARNING NEW
>>> AND WE'RE LEARNING NEW
>>> AND WE'RE LEARNING NEW DETAILS ABOUT THAT EMPLOYEE WHO
DETAILS ABOUT THAT EMPLOYEE WHO
DETAILS ABOUT THAT EMPLOYEE WHO WALKED INTO ONE OF THE NATION'S
WALKED INTO ONE OF THE NATION'S
WALKED INTO ONE OF THE NATION'S LARGEST BREWERIES AND OPENED
LARGEST BREWERIES AND OPENED
LARGEST BREWERIES AND OPENED FIRE.
FIRE.
FIRE. WHAT WE NOW KNOW ABOUT THE
WHAT WE NOW KNOW ABOUT THE
WHAT WE NOW KNOW ABOUT THE MOTIVE.
MOTIVE.
MOTIVE. GOOD EVENING.
GOOD EVENING.
GOOD EVENING. THANKS FOR STREAMING WITH US.
THANKS FOR STREAMING WITH US.
THANKS FOR STREAMING WITH US. STOCKS TOOK A DIVE AS INVESTORS
STOCKS TOOK A DIVE AS INVESTORS
STOCKS TOOK A DIVE AS INVESTORS CONTINUE TO WORRY ABOUT THE
CONTINUE TO WORRY ABOUT THE
CONTINUE TO WORRY ABOUT THE SPREAD OF THE CORONAVIRUS.
SPREAD OF THE CORONAVIRUS.
SPREAD OF THE CORONAVIRUS. THE DOW LOST THE BIGGEST
THE DOW LOST THE BIGGEST
THE DOW LOST THE BIGGEST ONE-DROP EVER.
ONE-DROP EVER.
ONE-DROP EVER. THEY'RE NOW IN CORRECTION
THEY'RE NOW IN CORRECTION
THEY'RE NOW IN CORRECTION TERRITORY AND DOW AND S&P ARE ON
TERRITORY AND DOW AND S&P ARE ON
TERRITORY AND DOW AND S&P ARE ON TRACK FOR THEIR WORST WEEK SINCE
TRACK FOR THEIR WORST WEEK SINCE
TRACK FOR THEIR WORST WEEK SINCE THE FINANCIAL CRISIS.
THE FINANCIAL CRISIS.
THE FINANCIAL CRISIS. REBECCA, GOLDMAN SACHS SAID THEY
REBECCA, GOLDMAN SACHS SAID THEY
REBECCA, GOLDMAN SACHS SAID THEY EXPECTED ZERO EARNINGS GROWTH
EXPECTED ZERO EARNINGS GROWTH
EXPECTED ZERO EARNINGS GROWTH FOR AMERICAN COMPANIES THIS
FOR AMERICAN COMPANIES THIS
FOR AMERICAN COMPANIES THIS YEAR.
YEAR.
YEAR. WHAT DOES IT MEAN FOR THE
WHAT DOES IT MEAN FOR THE
WHAT DOES IT MEAN FOR THE AVERAGE CONSUMER?
AVERAGE CONSUMER?
AVERAGE CONSUMER? >> IT COULD MEAN THE PRICE YOU
>> IT COULD MEAN THE PRICE YOU
>> IT COULD MEAN THE PRICE YOU PAY TO YOUR FLIGHT, TO YOUR
PAY TO YOUR FLIGHT, TO YOUR
PAY TO YOUR FLIGHT, TO YOUR MEDICATIONS.
MEDICATIONS.
MEDICATIONS. IT ALSO VERY LIKELY WILL HAVE
IT ALSO VERY LIKELY WILL HAVE
IT ALSO VERY LIKELY WILL HAVE SOME IMPACT ON WHAT HAPPENED TO
SOME IMPACT ON WHAT HAPPENED TO
SOME IMPACT ON WHAT HAPPENED TO THAT 401K, DIANE.
THAT 401K, DIANE.
THAT 401K, DIANE. YOU SHOULD BE THINKING MANY
YOU SHOULD BE THINKING MANY
YOU SHOULD BE THINKING MANY YEARS OUT.
YEARS OUT.
YEARS OUT. BUT IN THE NEAR TERM, YOU CAN
BUT IN THE NEAR TERM, YOU CAN
BUT IN THE NEAR TERM, YOU CAN EXPECT A LOT MORE VOLATILITY.
EXPECT A LOT MORE VOLATILITY.
EXPECT A LOT MORE VOLATILITY. IF WE GET NERVOUS, DON'T GO OUT
IF WE GET NERVOUS, DON'T GO OUT
IF WE GET NERVOUS, DON'T GO OUT TO THE MOVIES, THERE'S A
TO THE MOVIES, THERE'S A
TO THE MOVIES, THERE'S A SNOWBALL EFFECT ON THE U.S.
SNOWBALL EFFECT ON THE U.S.
SNOWBALL EFFECT ON THE U.S. ECONOMY.
ECONOMY.
ECONOMY. PHARMACEUTICAL PRICES COULD GO
PHARMACEUTICAL PRICES COULD GO
PHARMACEUTICAL PRICES COULD GO UP BECAUSE A LOT OF THOSE
UP BECAUSE A LOT OF THOSE
UP BECAUSE A LOT OF THOSE PRODUCTS COME FROM CHINA, WHICH
PRODUCTS COME FROM CHINA, WHICH
PRODUCTS COME FROM CHINA, WHICH HAS BEEN AT A STANDSTILL BECAUSE
HAS BEEN AT A STANDSTILL BECAUSE
HAS BEEN AT A STANDSTILL BECAUSE OF THE CORONAVIRUS.
OF THE CORONAVIRUS.
OF THE CORONAVIRUS. AS A RESULT OF THE FACT THAT
AS A RESULT OF THE FACT THAT
AS A RESULT OF THE FACT THAT THEY'RE GOING TO WANT TO BRING
THEY'RE GOING TO WANT TO BRING
THEY'RE GOING TO WANT TO BRING PEOPLE IN.
PEOPLE IN.
PEOPLE IN. YOU CAN PROBABLY SCORE A DECENT
YOU CAN PROBABLY SCORE A DECENT
YOU CAN PROBABLY SCORE A DECENT DEAL FOR YOURSELF, DIANE.
DEAL FOR YOURSELF, DIANE.
DEAL FOR YOURSELF, DIANE. >> STOCKS ARE ON TRACK FOR THEIR
>> STOCKS ARE ON TRACK FOR THEIR
>> STOCKS ARE ON TRACK FOR THEIR WORST WEEK SINCE THE FINANCIAL
WORST WEEK SINCE THE FINANCIAL
WORST WEEK SINCE THE FINANCIAL CRISIS.
CRISIS.
CRISIS. COULD THERE BE AN OPPORTUNITY
COULD THERE BE AN OPPORTUNITY
COULD THERE BE AN OPPORTUNITY FOR BARGAIN HUNTERS THERE AS
FOR BARGAIN HUNTERS THERE AS
FOR BARGAIN HUNTERS THERE AS WELL?
WELL?
WELL? >> Reporter: WELL, IF YOU THINK
>> Reporter: WELL, IF YOU THINK
>> Reporter: WELL, IF YOU THINK ABOUT THIS FROM THE STANDPOINT
ABOUT THIS FROM THE STANDPOINT
ABOUT THIS FROM THE STANDPOINT OF WHERE THINGS WERE JUST A FEW
OF WHERE THINGS WERE JUST A FEW
OF WHERE THINGS WERE JUST A FEW WEEKS AGO, JUST A COUPLE OF
WEEKS AGO, JUST A COUPLE OF
WEEKS AGO, JUST A COUPLE OF WEEKS AGO, FEBRUARY 12th, THE
WEEKS AGO, FEBRUARY 12th, THE
WEEKS AGO, FEBRUARY 12th, THE MARKET HIT A RECORD ALL-TIME
MARKET HIT A RECORD ALL-TIME
MARKET HIT A RECORD ALL-TIME HIGH.
HIGH.
HIGH. WE'RE ABOUT 11% DOWN FROM THERE.
WE'RE ABOUT 11% DOWN FROM THERE.
WE'RE ABOUT 11% DOWN FROM THERE. SINCE THAT POINT, STOCKS HAVE
SINCE THAT POINT, STOCKS HAVE
SINCE THAT POINT, STOCKS HAVE WIPED OUT $3.4 TRILLION IN
WIPED OUT $3.4 TRILLION IN
WIPED OUT $3.4 TRILLION IN VALUE.
VALUE.
VALUE. AS I SAID BEFORE, THE WAY THAT
AS I SAID BEFORE, THE WAY THAT
AS I SAID BEFORE, THE WAY THAT PEOPLE OUT THERE SHOULD BE
PEOPLE OUT THERE SHOULD BE
PEOPLE OUT THERE SHOULD BE THINKING ABOUT THIS, THE WAY
THINKING ABOUT THIS, THE WAY
THINKING ABOUT THIS, THE WAY THAT EVERYBODY WHO IS TALKING
THAT EVERYBODY WHO IS TALKING
THAT EVERYBODY WHO IS TALKING ABOUT THE LONG TERM, SAVING FOR
ABOUT THE LONG TERM, SAVING FOR
ABOUT THE LONG TERM, SAVING FOR RETIREMENT, KEEPING THAT NEST
RETIREMENT, KEEPING THAT NEST
RETIREMENT, KEEPING THAT NEST EGG THINKS ABOUT INVESTING IS
EGG THINKS ABOUT INVESTING IS
EGG THINKS ABOUT INVESTING IS OVER THE LONG HAUL.
OVER THE LONG HAUL.
OVER THE LONG HAUL. IT'S NOT ABOUT FINDING AN
IT'S NOT ABOUT FINDING AN
IT'S NOT ABOUT FINDING AN OPPORTUNITY TODAY OR TOMORROW.
OPPORTUNITY TODAY OR TOMORROW.
OPPORTUNITY TODAY OR TOMORROW. IT'S ABOUT THINKING ABOUT 30
IT'S ABOUT THINKING ABOUT 30
IT'S ABOUT THINKING ABOUT 30 YEARS FROM NOW HOW MUCH MONEY
YEARS FROM NOW HOW MUCH MONEY
YEARS FROM NOW HOW MUCH MONEY ARE YOU GOING TO NEED TO RETIRE
ARE YOU GOING TO NEED TO RETIRE
ARE YOU GOING TO NEED TO RETIRE AND CONSTANTLY PUTTING MONEY IN
AND CONSTANTLY PUTTING MONEY IN