Horse Misses the Mark: Top Stories in Sports and Business

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Happy Monday! 

Here are the three top stories impacting sports and business on Monday, April 13.

 The NBA HORSE Challenge

The NBA HORSE Challenge aired on ESPN Sunday night and while it seemed like a good idea on the surface giving sports fans something to watch, the execution, as Sports Illustrated’s Robin Lundberg points out, is only worth an E for Effort.

Obviously we’re all limited right now but the poor broadcast quality and structure really just kind of made Lundberg sad because it was another reminder of the current situation rather than a distraction from it.

Also, instead of serving as a fix it just made Lundberg miss basketball even more. He noted, “I guess they tried but I’ll continue to H-O-P-E for a return of sports but H-O-R-S-E was not for me.”

From Sports Illustrated: Why HORSE Was Hard to Watch 

A Coronavirus Update 

There are over 1.8 million cases of the coronavirus worldwide. 560,000 of those cases are in the U.S., Spain has 169,000 cases and Italy has over 159,000 cases. The U.S. has the highest amount of fatalities, with over 21,000.New York state has over 189,000 cases of the virus, and it topped 10,000 deaths in the last 24 hours, with 671 deaths reported overnight. That is, however, down from the high 700’s we were receiving last week, and down from the previous days count, which stood at 758.New York Governor Andrew Cuomo has said that the worst could be over--adding in the caveat that that would only be the case if we continue to be smart. And earnings season begins this week--meaning that we’ll get report cards from most of the public companies in the U.S.--with the big banks--JPMorgan, Wells Fargo, Goldman Sachs. Citi and Bank of America reporting first. 

From TheStreet: Why Jim Cramer Doesn't Like Bank Stocks Ahead of Earnings 

Fitness and Financial Literacy 

Chris Paul was in that horse competition and the NBA player’s association president and, of course Oklahoma City point guard, told CNBC that now is a good time for players to get financially educated.NBA players are still getting paid but who knows what the landscape will look like beyond today so Paul is trying to make sure his colleagues use their time and money wisely.And everyone could take a page out of Sallie Krawcheck, CEO of Ellevest’s book of financial literacy, she sat down with TheStreet to break down how to manage your finances. 

Watch the full interview with Krawcheck here: How to Handle Market Volatility, Manage Personal Finances During the Coronavirus Pandemic

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