Warning: file_exists(): File name is longer than the maximum allowed path length on this platform (260): C:\zpanel\hostdata\zadmin\public_html\forexbr_com_br/wp-content/cache/supercache/www.forexbr.com.br/2020/06/01/key-words-at-the-end-of-the-day-the-market-has-no-conscience-cnbcs-jim-cramer-nobody-is-investing-to-make-the-world-a-better-place/meta-wp-cache-f959ae95f1a9ff5a34c4ed6aa27b814f.php in C:\zpanel\hostdata\zadmin\public_html\forexbr_com_br\wp-content\plugins\wp-super-cache\wp-cache-phase2.php on line 71 Key Words: ‘At the end of the day, the market has no conscience.’ CNBC’s Jim Cramer: ‘Nobody is investing to make the world a better place’ – Forex Brasil

Key Words: ‘At the end of the day, the market has no conscience.’ CNBC’s Jim Cramer: ‘Nobody is investing to make the world a better place’

“Stay-at-home” stocks include Netflix NFLX, -0.74%, Slack WORK, +1.80% and Zoom ZM, +1.56% Amazon AMZN, -0.24%, Facebook FB, -1.10%, DocuSign DOCU, -0.02%, OKTA OKTA, -2.96%, Fortnet FTNT, -1.13% and DraftKings DKNG, -7.00%. “We’ve got protests all over America that, in many places, turned into riots, and what does the market do? Rally.” he said. (Cramer’s charitable trust owns shares of Amazon and Facebook, CNBC notes.)

“Is the market totally heartless, indifferent to the pleas of the protesters?” he said, referring to the nationwide protests and subsequent looting and clashes with police over the killing of George Floyd by Minneapolis police while in custody. A policeman was filmed as he pressed his knee and the full weight of his body on Floyd’s neck for several minutes. “Is it condemning police brutality or endorsing it?”

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Cramer said many people want the market to play a constructive role in the dialogue over racial equality “or at least they want it to go down to express some empathy for these troubled times we’re living through. That’s not how it works. The truth is the market is blind because it has no eyes. It’s deaf because it has no ears.” He said, “Nobody is investing to make the world a better place.”

‘This is the mother of all super-spreader events.’

— CNBC host Jim Cramer on coronavirus and the health risks of gathering to protest

He warned of protesters flouting the rules of social distancing to prevent the spread of COVID-19, the disease caused by the novel coronavirus. The CNBC host recommended “stay-at-home” stocks and warned of “huge second wave.” He added, “This is the mother of all super-spreader events.” He says businesses have another reason to keep their employees staying at home.

The number of confirmed COVID-19 cases and the number of deaths continues to rise. As of Tuesday, there are 1,812,125 confirmed cases of COVID-19 in the U.S., and 105,192 deaths, and 29,917 deaths in New York, the largest of any state in the country. Worldwide, there were 6,306,746 confirmed cases and 376,322 deaths, according to Johns Hopkins University’s Center for Systems Science and Engineering.

The Dow Jones Industrial Index DJIA, +0.72% and the S&P 500 SPX, +0.40% were broadly flat Tuesday, as investors weighed the impact of the political unrest over the death of George Floyd in police custody in Minneapolis, as well as possible progress in COVID-19 vaccine research, and fears of further deterioration of trade and political relations with China. The markets are digesting the escalating social unrest, and COVID-19, and the effects that may have on corporate earnings.

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