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le working Kramer welcome to me have money welcome to Kramer I'll do one of my hat it came with educating teachers tct Jim Kramer let's play ball Major League Baseball's queuing up for a season that starts next month with all the teams playing in Phoenix the CDC and the National inclusive health are supportive according to ESPN and even though there won't be any fans it feels like we might return to some semblance of normalcy Cait meet well don't take me to the ball game right like have a ball game I think that's the perfect metaphor for today's hoping though where the market started strong all kind of excited about the baseball season down up at one point not enter points but I think the metaphor is actually wrong which is why we all will be sold off hard in the afternoon Dow ended up closing off 26 points doesn't be dipping point one six percent Nats that catching down point three three percent was quite a reversal we're supposed to be in one of the saddest moments in modern history while we may have slowed the spread of Kovac 19 the death toll does keep accelerating yet earlier today investors were basically saying hey it's always darkest before the dawn what do they think looks like if you judge by yesterday's action buyers are betting it went a v-shaped recovery boom boom business comes roaring back everything goes back to normal a V says we'll have this virus whipped in no time oh I'd love that kind of recovery so would you I know that that's not gonna happen don't get me wrong I absolutely believe we are going to beat this thing we are a strong country I have never for a moment doubted that our scientists will only come up with a way to treat if not eradicate this disease and eradicate it must be I started warning you about the corona virus early and often but I was never one board with the apocalyptic hedge fund managers who came on our air and wondered if society would collapse oh by the way I haven't bought a home in the pandemic Islands it's a secret our Chapel a go where the rich was really rich hedge fund matters they were all hunkering down don't bother googling it you won't find pandemic islands it's actually something that I think my partner David Faber spot from above however V is what justifies yesterday's rally and today's vicious panicky uplift before the collapse and as much as I do love Churchill I do not believe in the V when it comes to this recovery why not three problems first we still don't have an effective way to treat Kovac 19 can't get back to normal without a treatment or a vaccine God have one too we still don't have an effective way to stop spreading the darn thing during the two-week period where people are infected but asymptomatic I mean in a few days absent that but then infect him and that's why we're all on lockdown this quarantine three some parts of the country like New York seem to be flattening the curve but that doesn't mean we can't we can go back to normal it just means we've taken the absolute worst-case scenario off the table now I have no idea when we'll get a workable drug that relieves the worst symptoms of coverage 19 by the way I don't think we have one yet that's the strong version of this disease can really wreck your lungs I don't hear anything for that you can be working from home just fine for nine days like the Prime Minister of Great Britain and then suddenly you have to go to the ICU now you better believe Boris Johnson is getting the best possible health care in the world it might not be enough that's terrifying to me meanwhile it should be terrifying to you to me mom we don't have enough protective gear for our health care professionals let alone their patients can you be that's still a problem and I go out I'm gonna leave here in the moment I leave here this goes on okay this goes on do what I want it for the one no do I like walking around with it no but this goes on why cuz I don't want to get you sick and you don't want to get me sick okay well maybe nobody said well how how about some testing we're hearing mixed things turns out the rapid tests may not catch everyone who's sick of you heard that one I did I did a lot of work on this today especially if they're newly infected we need to get serious about testing that's the only way to beat this thing or else we are always one super spreader away from defeat a week ago the market plummeted when the White House released a somber forecast better predict in 1020 thousand deaths since then we've had a number of anecdotal reports that we may be flattening the curb to flee in places like New York so far we do have 12,000 dead it's possible but 100,000 figure may turn out to be too high at least we finally recognize that this virus there's a lot worse than the flu or a bad cold you don't go on a ventilator for one of those so people are taking social distancing more seriously that matters people's behaviors shameless put it all together and I think we've got a ways to go before things can go back to normal we've slowed the spread because social distancing is working you in lockdown it's gonna come right back all that said it's not like civilization as we know it's coming to an end we admit we've added we made some progress here judging from how quickly China's going back to earth we could be in good shape once this is over we killers that were viewed as dead or die have seen their stocks double off the lows in the last two days the cruise line looks like they're getting some finances they need to avoid going under in fact the credit markets actually seem open for even than meetings of companies that's huge if not well reckless plus the Fed in the way else our movie encrusts me to put this alien economy on steroids the loans the backstops the grants so mind-blowing ly+ washington has learned it's lesson from the last downturn love radom President Trump is pulling out all the stops to keep the economy a lot especially trying to help small and medium sized businesses that often get left behind and nobody cares about I think that's terrific it means there'll be some local restaurants and retailers left standing when all this is over not just big national chains but like I keep telling you there's no economic solution to a pandemic that's biological you can't just snap your fingers and make those customers come back that's why don't believe we're gonna have that v-shape recovery there's too much fear and unlike the Great Depression when the only thing we had to fear is fear itself this time we have good reason to be afraid this time the only thing we have to fear is a novel coronavirus with a disturbingly high mortality rate now sure you can point out that it's not as deadly as lung cancer or car accidents but you know what we go to extraordinary lengths to prevent lung cancer and car houses we should do the same thing for this pandemic which would be hideous a lot harder for not for the social distancing people don't want to die in a car accident and they don't want to die for Kobe 19 it's why we wear seatbelts while we drive and have airbags it's why you should wear ask if you have to go outside right here right now and I don't feel like preaching but you know what I'm not seeing enough people wearing masks so no matter how much money the government pumps in the economy we won't be able to have a real recovery until we beat the virus without a treatment or a vaccine the best you could hope for is a u-shaped recovery where baseball season can start but don't expect to be going to any games yourself unless you want to get on a plane oh and stay in a hotel are you getting or near PSP if we get the pandemic contained gradually the economy will bounce back grass and hay you shape recovery and all that bad it's not an L where we just level off in a lower level that's a hitch fun favorite by the way judging by the whining right here or a W where we start the rebound then go right back down then go back up but that would be by the way the W I have to talk about that lettuce leak that's the worst of all the bottom line without a v-shape recovery you have to be skeptical these big moves higher that's why we've been telling members of the action ORS plus.com Club that they got a ring the register ring the register despite how painful it seemed to sell into that beautiful panicked opening if you were bull we now have a very high cash position again why because in a u-shape recovery I'm expecting the stock market will pull back again and that is when you put some money to work let's go to max in Texas max yeah hello hey there's a buoy up from Houston Texas why not one-eye DeAndre Hopkins who climbs okay yeah I've had a problem stock that has called Ford I bought a lot of the stuff at under eight bucks a share it went up to 18 bucks I'll hung on to it went down to 12 hung on to it it was going to sell it off but it started paying a dividend so I hung on to it and now it doesn't pay a dividend now it's under five bucks bailout remember that a team oh is that January we did in River Rouge in 2011 oh my 18 I thought I could go higher so I could earn five bucks this year what do you do a Ford if you own it well let's see you've been through this much hell well welcome to more hell let's go to Bill in Kansas please bill yes hello Jim first time a long time thank you I love Kansas I just love Kansas I love that by the way you have a great aerospace business in Kansas people don't realize it and it's fantastic there's like thousands of small businesses that make planes make plane parts in Kansas and I hope every one of those copies gets money from the government because they got to stay in business how can I help we are I take people here and him as more people have diminished access to cash and you square more and more often if square a good short term and long term and we're increasing population of those who cannot pay their bills no square is good I've got to tell you Jack Dorsey let's give him some credit he's moving a billion dollars a square equity of fun virus relief there's a guy who put who is a he is now one of my heroes always like this parents father follows means they follow me on Twitter not Jack them follow me let's go to spite Mike in Illinois Mike professor Cramer you know what's shaking oh I'm sorry no education I'm sorry what so I watch you every day from my home office and it got me thinking that it needs an upgrade so my man money had started thinking about Wayfarer took her single ticker symbol W and the stock has recently issued revenue beat guidance and it has had an astronomical couple trading days my question is is it too late to get in what are the risk sticker wait fair okay so Karen Cramer who was a legendary trader she once said okay Jim don't you understand the news already happened what do you add what do you know now and the answer is you and I all we know is that it already had a really big move in the news occurred if you want to get involved wayfarer you got to get involved last wednesday all right i am hoping for you safe recovery but i do want to take us to the ball game in phoenix with no crowds including like minor-league places there's an idea for you who came up with that you come up with that yeah I got a baseball friend here from Boston oh man money tonight that's that I plan in Boston as mad money as the livery centric economy takes center stage could a company like prologue just be worth considering I got the real sports CEO that is the market heads higher again today at least in the opening what was the fear index signaling I'm gonna have to go up the charts and with many businesses challenged by the surge of employees working from home there it is again this wfh ivan by one private player that's making it so it's a lot better I say you stay with Jim Cramer don't miss a second of bad bunnk Cramer hashtag b
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