Here's a fun little dudefight about whether covid-19 is actually all that bad!
lived up to the “squawk” part of their moniker Wednesday morning thanks to a shouting match aboutand its impact on stocks. Despite the rising covid-19 death toll and 38.6 million unemployed Americans, the market is enjoying a three-month high after a sharp decline, news that prompted a testy back and forth between hosts Andrew Ross Sorkin and Joe Kernen.
The nearly two-minute-long shouting match began when Kernen suggested that the government response to the covid-19 pandemic, which has infected over 5.6 million people worldwide and has left overin the United States, was panicked and premature. He referenced the stock market’s recent rebound to conclude that the world and his colleague, Sorkin, largely overreacted to the virus.
Kernen got the last word, insisting that the United States is on the low end of per capita deaths, and that the covid-19 panic “didn’t help any investors, at all.” “It’s terrible that we lost one hundred thousand lives, it’s terrible,” Kernen said, not sounding particularly broken up at all. “But, it was never going to be—that we weren’t going to come back, that we weren’t going to return to normal.
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