Cramer slams government, evoking his epic 2007 Fed rant
CNBC
CNBC’s Jim Cramer blasted the U.S. government’s response to the coronavirus, arguing “this is the time for radical action.”
“They know nothing. They know nothing. We know more than they do, and that’s not acceptable either,” Cramer said, hearkening back to his famous 2007 rant about the Federal Reserve before the financial crisis.
“I want the federal government to know more than me. I knew more than they did in 2007, and I know more than they do now and it is disappointing,” he said on “Squawk on the Street.”
NYC closes two schools for deep cleaning
New York City has closed two Bronx schools for 24 hours due to a “self-confirmed” case of COVID-19 in a student, Mayor Bill de Blasio said. The two schools are the Laboratory School of Finance and Technology and South Bronx Preparatory. The Department of Education will disinfect the buildings.
“We don’t make this decision lightly, and we know the disruption and anxiety this means for students, faculty and parents,” de Blasio said in a statement. “We are taking every precaution to keep people safe, and we will keep everyone informed as we learn more through the day.” (CNBC)
JPMorgan Chase orders up to half NY metro employees to work from home
JPMorgan Chase on Thursday told managers to implement a plan to have employees based in offices in Manhattan, Brooklyn and Jersey City to start working from home in shifts beginning on Friday.
“We are asking our managers to arrange for no fewer than 25% and no greater than 50% of their team members who can effectively work from home, to begin doing so by the end of this week,” according to a memo obtained by CNBC, which was sent to staff Thursday morning. (CNBC)