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Jay Siebold

Technical Director, Marketplace Morning Report

Latest from Jay Siebold

  • Mar 17, 2020

    Carmakers feel the pinch

    The headquarters of German carmaker Volkswagen.
    Ronny Hartmann/AFP via Getty Images

    Volkswagen is temporarily shutting down some of its European production. Stock markets in Europe erased early gains. Ireland’s pubs are closed on St Patrick’s Day.

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  • Mar 16, 2020

    “No question” we’re headed into a recession

    Trading on Wall Street was halted immediately after the opening bell Monday, as stocks posted steep losses following emergency moves by the Federal Reserve to try to avert a recession due to the coronavirus pandemic.
    Johannes Eisele/AFP via Getty Images

    Declines in Chinese retail sales and industrial production show us where the U.S. is headed. Companies respond to the FCC’s request for phone and internet providers to get flexible. Sharply falling consumer confidence. How border closures would be catastrophic for supply chain companies.

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  • Mar 16, 2020

    What the Fed is up to

    Federal Reserve Chair Jerome H. Powell announces a half percentage point interest rate cut during a speech on March 3, 2020 in Washington.
    Mark Makela/Getty Images

    Markets are falling again this morning, even with a big move to boost the U.S. economy in the face of COVID-19. What do municipalities’ rainy day funds look like right now? Severe drops in public transit ridership.

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  • Mar 16, 2020

    Emergency Fed action fails to soothe markets

    Global shares are taking a fresh plunge despite coordinated action from central banks to shore up the global economy.
    Mario Tama/Getty Images

    Global markets fall despite the Fed cutting interest rates to near zero. Airlines slash capacity and ask for government support. French perfume brands start producing hand sanitizer.

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  • Mar 13, 2020

    No evidence of job market downturn — yet

    Job sites ZipRecruiter and Glassdoor both report a spike in job openings related to the spread of COVID-19.
    John Moore/Getty Images

    Stock markets are up enough to get your attention. In some job fields, companies are actually trying to hire more right now. Health insurance and the question of a public good during the time of COVID-19.

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  • Mar 13, 2020

    The “weird science” of our financial system

    The “weird science” of our financial system
    Bryan R. Smith/AFP via Getty Images

    After the biggest stock market drop since the 1987 crash, prices stabilizing so far. A lot happening in financial markets that isn’t supposed to happen. A COVID-19 response bill.

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  • Mar 13, 2020

    Why the credit market matters right now

    Allianz’s chief economic adviser breaks down the credit market, explaining that investors are having difficulty finding buyers for corporate bonds.
    Bryan R. Smith/AFP via Getty Images

    European markets up, but worries that the sell-off will continue. And, keeping an eye on the corporate bond market.

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  • Mar 12, 2020

    Pandemic panic

    Markets from Germany to the U.S. are seeing red amid the latest round of new coronavirus fears.
    Daniel Roland/AFP via Getty Images

    Across the world, markets are seeing red because of COVID-19. How brick-and-mortar retailers are trying to keep customers safe. Companies in the U.S. are changing their paid sick time policies.

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  • Mar 12, 2020

    What President Trump told the people

    Travelers look at screens displaying departures flights at Paris-Charles-de-Gaulle Airport after a U.S. 30-day ban on travel from Europe due to the COVID-19 spread.
    Bertrand Guay/AFP via Getty Images

    A travel ban on Europe, promises of aid to U.S. workers. How the European Union and its markets are handling the news. Checking in with the cruise industry.

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  • Mar 12, 2020

    Europe responds to Trump’s travel restrictions

    Shares in European airlines slipped Thursday after Trump's announcement of the travel suspension.
    Doug Mills/Pool/AFP via Getty Images

    President Trump has announced sweeping travel restrictions on 26 European countries. All eyes on the European Central Bank as markets await stimulus measures. The NBA halts all games after a Utah Jazz player tests positive for the virus.

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