‘Bloomberg Markets: The Close’ Full Show (4/2/2020)

‘Bloomberg Markets: The Close’ Full Show (4/2/2020)

00:00 JOE: LIVE FROM BLOOMBERG'S WORLD. SCARLET: AND I AM SCARLET FU.. TOP 20 MOVERS IN THE INDEX RIGHT. LITTLE BIT OF A SPIKE IN RETAIL. WTI REACHING $25 A BARREL TODAY.. YEAR TO DATE COMPARED TO THE S&P. THESE ARE TWO ETF'S TRACKING. INVESTMENT-GRADE AND HIGH-YIELD. DEBT, BOTH GAINING SOME GROUND. TODAY. IF YOU LOOK AT THE BOARD,. SPEAKING OF CREDIT, THERE IS ONE. STOCK THAT HAS INFLUENCED THIS. SPACE RECENTLY, THAT IS. CARNIVAL.. IT HAS RAISED BILLIONS IN NEW. CAPITAL THROUGH A THREE-TIER. OFFERING OF STOCKS, BONDS, AND. CONVERTIBLE NOTES.. NOW CARNIVAL TRADING AT JUST. EIGHT DOLLARS A SHARE AFTER IT. DOWNSIZED ITS STOCKS OFFER A. SECOND TIME, NOW RAISING $500. MILLION IN STOCKS, DOWN FROM AN. INTENDED $1.25 MILLION.. BUT THE SALES SHORTFALL IS BEING. MADE UP BY A LARGER BOND SALE.. THERE IS A COUPON OF 11.5%,. INCREDIBLY HIGH FOR GROSSMAN --. INVESTMENT GRADE RATED. COMPANIES.. The STOCKS SHARES DOWN MORE. THAN 80% YEAR TO DATE.. THAT IS WHAT I HAVE BEEN KEEPING. MY EYE ON.. SCARLET: THANK YOU FOR DIVING. INTO THE DETAILS FOR US.. FOR MORE BROADER MARKET INSIGHT,. WE WANT TO WELCOME THE CHAIRMAN. AND CEO AND FOUNDER OF. STRATEGIC'S RESEARCH PARTNERS,.