https://www.marketwatch.com/story/why-this-screenshot-of-cnbcs-mad-money-host-jim-cramer-is-everything-that-is-wrong-with-america-2020-04-12
8 replies (most recent on top)
Well, the pledge has been updated to say “while the company is on lockdown”. But, it’s going to be difficult to say just when that ends, since going back to work as before the virus is not going to happen - for at least several years.
What actual date did the CEO pledge of 60-90 days start?
Layoff all H1Bs first, then temps.
Hopefully we continue to quietly layoff thousands, while rehiring through exploitative temp agencies.
Layoffs expected in July- August after the CEO pledges expire in 60-90 days. This pandemic will last for 12-18 months or 2-3 years. Travel, retailers, restaurants, car sales, oil industry and banks are all affected. State governments are running out of cash. Many are taking it easy thinking that Economy will return to normal within 3 months. They need to wake up !!
Major corporations will be fine, daddy govt will ease their pain. Small to medium businesses will get hit harder , especially service industries
Maybe something to do with the fact that the previous 4 weeks were the worst since 1929? Anyway, the street is forward looking- if it see a possible end to lockdown, it will go up.
Welcome to capitalism