Nancy Pelosi Told Jim Cramer PPP Doesn't Solve His Biggest Fear
Jim Cramer interviewed Speaker of the House Nancy Pelosi on CNBC on Wednesday morning.
But first, let's take a quick look at the markets on Wednesday.
Stocks were rising in intraday trading as investors embraced positive news on a drug to combat the coronavirus.
However, growth in the U.S. registered its first contraction in six years and its sharpest drop since the last recession during the first quarter as the coronavirus pandemic shut down the economy.
The U.S. Commerce Department reported Wednesday that first-quarter gross domestic product, the broadest measure of goods and services produced across the economy, contracted at a seasonally adjusted annual rate of 4.8% in the first three months of the year, below economists' expectations that called for a drop of 4%.
So, how are politicians responding to this market? Here's what Cramer took away from his interview with Pelosi.
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Cramer and the team are weighing in on what members need to know about the coronavirus pandemic's impact on the market. Here's how you can recap his entire April show.
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