Steve Rattner’s Charts: Coronavirus Re-Ignites Recession Fears | Morning Joe | MSNBC

On Monday, fears of the coronavirus collided with a plunge in oil prices, and the Dow sank 2,000 points. Steve Rattner brings charts showing how the coronavirus crisis has rocked financial markets and re-ignited recession fears. Aired on 03/10/2020.
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Steve Rattner's Charts: Coronavirus Re-Ignites Recession Fears | Morning Joe | MSNBC

88 comments

  1. _”Trump shook Rep. Doug Collins’ hand before congressman self-quarantined”_
    *HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA!!! ROFLMAO!!! LOL LOL!!!* 😂 🤣😂 🤣😂 🤣😂 🤣

    1. @BB funny how the parties have completely reversed positions. This has been talked about many times. Many Republicans long for the party of Lincoln to re-emerge. It’s a shame that the Republicans have become the party of the NAZI’s.

    2. @billybobeye _”Does the Democratic Party truly care about the poor …”_
      WAY more than republiscum do.

  2. All those business folks screaming about Socialism will now be asking for a bailout from our tax dollars, which is Socialism. That’s fine when corporate America benefits. The hypocrisy is astounding.

    1. @ZombiesRus5 They get all their ideas about socialism from the bleach blonde bimbos and talking manikins from Fox News. You might as well learn about capitalism from the communist party in China or North Korea.

    2. @Jean Vandorst Trump is causing the recession, not democrats. But I wouldn’t want to cause you cognitive dissonance. (You can look that term up).

    3. @Brett Orlob Thanks for helping with the re-election campaign for Donald Trump by refusing to vote unless your perfect candidate is selected. This is exactly what gave us Donald Trump 4 years ago, but go to your “safe space” and pout.

    4. @ArizonaWillful Social services isn’t socialism depending on the service. Here’s the thing, heavy social services not only wouldn’t work in the US because the US isn’t Europe, it doesn’t even fully work in Europe

  3. If this was no different than the flu, they wouldn’t be talking about cancelling professional sporting events. If this was like the flu, they wouldn’t be talking about cancelling the Summer Olympics. If this was like the flu, people wouldn’t  be getting quarantined for two weeks. If this was like the flu, the entire country of Italy wouldn’t be on a lock down.

    1. yea they would and file an insurance claim to get paid while not even working…so yea man its thier schtick

    2. In the 5 months since the beginning of the Corona Virus outbreak,

      3800 people
      Worldwide
      Have died.

      In that same period
      The flu has killed
      Over 310,000.

      Wake up people!

      The Coronavirus
      “Scare”
      Is a maufactured crisis.

      Ask yourself:

      Who benefits from this crisis?

  4. Oil: I have the economy over a barrel.
    COVID 19: I have the economy in quarantine.
    Trump: I have the economy well in hand.

    The Economy: Hold my bear.

  5. So, banks are hurt, rich people and nut jobs Putin are hurting; is this where the working class are suppose to feel sorry for the people that own two cars etcetera.

    1. I am retired working class in the UK, I and my wife only have the state pension yet we have two cars, and have a long holiday abroad in the Canary Isles every year. Looks like Umerica is not the best place to live after all.

    2. @alanrtment porter The USA was a wonderful place for the working man until Ronald Reagan, on behalf of the GOP (think Tory party) shifted most of the nation’s wealth to the already rich via “Trickle down” economics, which in Biblical terms means that most of us are supposed to live on the droppings from the Master’s Table. Of course, this has never worked because the wealthy just store the money off-shore and don’t give it to anyone else. But the GOP recently gave a BILLION dollar tax cut to BILLIONAIRES under Trump, and intend to make up the huge deficit by cutting all social programs like Social Security and Medicare. I am also retired and think that a large number of Americans are total imbeciles since they support the GOP. Often this is because the GOP hates all the same groups (gays, uppity women, racial and religious minorities, intellectuals and scientists) that a large number of ignorant uneducated Americans hate. I am sure most of Europe has a better quality of life than living in the USA under the GOP. But I do worry a lot about the UK (my ancestors are from Scotland) due to BREXIT. This may have been an emotional vote that may cause a lot of economic hardship for the common person in the UK in the future. Hope I am wrong.

    1. You already know that his punkass won’t attack Putin because he is a cowardly sexual deviant

    2. kenneth mitchell So the dems will stop at nothing to get Trump re-elected? How is this different from last time? 🤣🤷🏻‍♂️

  6. *I can remember a time when a drop in the price of oil was seen as a GOOD THING. Those were happy, innocent days, weren’t they?*

    1. @omi god :: Seems like you are anchored in the past, the USA is about 90% self-sufficient now. And of the 10% that comes rom foreigh countries, about half comes from Canada and Mexico, countries in the area of NAFTA. So it can be said that the USA is 95% independent.

    2. @Felix Carpio In 2019, the United States imported about 9.10 million barrels per day of petroleum from nearly 90 countries. We also exported about 8.57 million barrels per day, but the plain truth is that we still depend on imports. You are either independent or you are not. There are no half-measures here. We are not energy independent.

    3. @omi god :: What??! What a silly statement of yours! It is not the same to depend 80% that only 10%. Not to say that that 10% can be easily covered by a small increase in domestic production in case of crises, while 80% would not be that easy.

    4. @Felix Carpio Sure but all the oil companies in the US will go bankrupt according to your genius idea as the US buys Russian oil instead. They can’t just shut down temporarily.

    1. No that’s not socialism. SSI, MEDICAID, MEDICARE these are forms of socialism. Bailing out banks and companies is corporate welfare – it’s not for the good of the average citizens, even though they try to paint it that way.

    1. @Ralph Sims And take a look at the debt now, it’s getting worse by the day…. I guess you can’t fix stupid minded people….

    2. Even someone as deluded as you cannot believe that. Biden and Pelosi to the rescue. You really believe that? Or maybe AOC? 9th grade education? This is going to be a historic landslide in Nov.

    3. @SXT 98 Comet A lot of people say they will always vote GOP because Democrats support abortion. I do wish the Democrats would distance themselves from that stand, since it only draws in a more elite crowd but alienates a giant number of Christians who consider abortion an abomination.

    4. @BB No dear. We actually READ. We actually know politics. Obama and the “do nothing” Democrats did nothing because the GOP rules the Congress and Senate and would not allow any Democrat bill to come to the floor for a vote. But I realize you will not learn such basics on Fox News.

  7. Sad part is . We are already running a trillion dollar deficits. Because the economy is sooooo great. Now what??????

    1. I don’t know about y’all but I still have to shop for food and still pay my bills so how is this effecting the economy. I’m still going on vacation.

  8. Money, money, money, his theme song, soon his billionaires will be jumping ship, this should be fun to watch… How you feeling Mitch?

    1. Joy Adamo Mitch has higher approval ratings than Pelosi, don’t worry about our side, you’ve got bigger Biden problems to deal with.

  9. When we travel they raise the gas prices to take advantage of the need, like they need the trillions more in their bank accounts. Now we can’t afford to travel and are just concerned about food and shelter, so they flood the markets with their oil and are crying they’re loosing billions. Poor little oligarchs might have to sell off one of their islands or jets or yachts, oh my, how will they survive. Excuse me while I throw up.

    1. @Henk Bakker All the workers get less, that’s who. You really think the billionaires are gonna cut their own wages?

    2. Holli Wood 😂😂 don’t give em that much credit. Let’s be honest…people that talk like this couldn’t pass a rudimentary intro to mathematics class. Econ 101 is lightyears away

    3. THEIR YACHTSSSSSS 😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱

    4. @El Tigre right but it’s the corporations that create jobs etc…nooooo they need us more than we need them..the sooner we realize our REAL power….the better off every day people will be….we don’t shop/travel etc…the world stops…the stock market plummets!

  10. Say what you will about China, but they are very efficient at dealing with massive crisis.

    We can calm the public by using China’s success with million of people, this is what happens when you laugh at China and hype up the virus.

    1. Really?! Thats why they silenced everyone that tried to tell the truth!!! Its their fault for not being honest sooner!!! People were traveling and passing it!!!

    2. @Kathleen Austin Hey, they locked down 17 million people to fix this. Now its America’s turn to show the world their efficiency.

    1. Exactly!  The people who didn’t vote for him knew and can now say, told ya!  Hate to say it.

  11. The Saudis, Russia, B.P., Shell oil etc have been living in our pocket books rent free for over 40 years. The argument for high oil prices has been till now….oil shortages. Saudis versus Russian oil just proves we’ve been and continue to be conned. It’s time to shift to a green economy and toss em all out of our pockets.

    1. Oh yeah ❗ Our country suffered with BP oil spill in the Gulf bcuz England asked Oval Office to NOT punish BP too badly bcuz elderly in UK had retirement all locked in & Queen did not want THEM to suffer. It’s TRUE.

    2. Don’t forget China making almost everything including antibiotics both parties to blame but at least Trump is taking the fight to China and we need him not buisness as usual Biden???

  12. “Intellectuals solve problems; geniuses prevent them” – A. Einstein. We are deprived of both with this administration…

  13. Poor people struggling- pull yourself up by your bootstraps!

    Share prices collapse – we need a bailout

  14. How many tests have been conducted as of today? Homeland Security Director “I don’t know!” Winning!

    Bwahahahaahahaahahahahha!

    1. Luedog define rich and average americans. you forgot that people work their way up to became rich and average american aren’t that poor. if recession happens, the only benefit one is the super rich. everyone bellow that class will die/ suffer. stop acting like we’re living in a third world country

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