The 'Mad Money' host worries how the nationwide protests, which he generally supports, could impact the fight against coronavirus.
Thousands of people in America and countless others abroad have spent days on end protesting — most of them peacefully — racism and police brutality in the wake of the police-involved killing of George Floyd in Minneapolis on Memorial Day.
"Until very recently, nobody was investing with an eye toward making the world a better place — whatever that might mean," he said. "While there's now a younger generation that invests with their hearts as well as their heads — and I share a lot of that sentiment — for the most part, people still pick stocks because they're trying to make money."
"That's why I'm concerned that we're going to get a huge second wave of infections, far earlier than people thought," he said. "Plus, in the places where protests turned violent, it gives businesses another reason to shut down or keep their employees working remotely. From this stock market's perspective, everything that happened this weekend means the stay-at-home economy will last longer than we thought.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
APA CEO Jim Gosnell Says Agency Will Observe “Black Out Tuesday” To Fight Racial Injustice – UpdateUPDATE: A day after APA CEO Jim Gosnell released a statement supporting the Black community, he released another messaging saying that the agency will observe “Black Out Tuesday” as &8…
Weiterlesen »
APA CEO Jim Gosnell Sends Message Of Support To Black Community: “It Is Up To All Of Us To Effect Change”As protests continue across the country in response to the discrimination and police brutality faced by the Black community and the murders of George Floyd, Breonna Taylor, Ahmaud Arbery and countl…
Weiterlesen »
Cramer says the stock market's move is 'about the reopening' and protests could delay itJim Cramer said on 'Squawk on the Street' that Wall Street will be focused on a crucial week for U.S. businesses even as protests have led to curfews and store closures.
Weiterlesen »
`Appalled'— Here's what Wall Street CEOs are saying about the killing of George Floyd and protests rocking US citiesAs protests continued to roil U.S. cities in the week after the death of George Floyd in Minneapolis, Wall Street CEOs expressed horror, anger and empathy in staff emails and messages posted to social media.
Weiterlesen »
Photos of the Week: May 24-30, 2020Video of George Floyd’s death sparks protests, China votes to override Hong Kong’s autonomy, Covid-19 cases wane in New York and more from The Wall Street Journal’s photo editors.
Weiterlesen »
'Momma, I’m Through': Protests, Unrest Rage After George Floyd’s Killing at Hands of Police'Momma, I’m Through': Protests, Unrest Rage After George Floyd’s Killing at Hands of Police
Weiterlesen »