• 7 months ago
Not everybody loved NBA's HORSE Tournament.
Transcript
00:00 In the midst of the current situation we all find ourselves in, sports and business have never been more intertwined.
00:06 So here are the stories shaping both sports and business on this Monday, April 13th.
00:11 [MUSIC]
00:13 Welcome, I'm Kathryn Ross with The Street alongside Sports Illustrated's Robin Lumberg.
00:18 Robin, what do you have for me today?
00:21 Well, the NBA Horse Challenge aired on ESPN Sunday night and while it seemed like a good idea on the surface,
00:27 I'm sure it's given sports fans something to watch. The execution, let's just say I'll give it an E for effort.
00:33 Obviously we're all limited right now, but the poor broadcast quality and structure really just kind of made me sad
00:39 because it was another reminder of the current situation rather than a distraction from it.
00:43 And also instead of serving as a fix, it just made me miss basketball even more.
00:48 I tried, but I'll continue to H-O-P-E for return of sports because H-O-R-S-E was not for me.
00:57 So Skype just doesn't work for you as much?
01:01 You know, it's not even just that Skype, I mean obviously Skype works for me, I'm doing my work via Skype, right?
01:06 It's just the overall presentation, what maybe you were, you know, hoping to see from the world's greatest athletes
01:12 fell a little flat even though it was the only game in town.
01:17 That's fair. All right, so let's give you your coronavirus update for the day.
01:20 There are now over 1.8 million cases of the coronavirus worldwide, 560,000 of those cases are in the U.S.,
01:26 Spain has 169,000 cases, and Italy has over 159,000.
01:31 The U.S. has the highest amount of fatalities with over 21,000.
01:35 New York State has over 189,000 cases of the virus, and it did top 10,000 deaths in the last 24 hours
01:41 with 671 deaths reported overnight.
01:44 That is, however, down from the high 700s we were receiving last week
01:48 and down from the previous day's count, which stood at 758 fatalities.
01:53 New York Governor Andrew Cuomo has said that the worst could be over,
01:56 adding in the caveat that things could only continue this way if we continue to be smart.
02:03 And earnings season begins this week, meaning that we'll get report cards from most of the public companies in the U.S.
02:08 with the big banks, J.P. Morgan, Wells Fargo, Goldman Sachs, Citi, and Bank of America reporting first.
02:13 Robin, what else is happening today?
02:15 Well, hopefully, you know, more good news, if there is any of that kind, is on the way.
02:20 But Chris Paul, he was in that horse competition, and the NBA Players Association president,
02:24 and, of course, Oklahoma City point guard, told CNBC how it's a good time for players to get financially educated.
02:31 NBA players are still getting paid, but who knows what the landscape will look like beyond today.
02:36 So CP3 trying to make sure his colleagues use their time and money wisely.
02:41 Robin, last week I had the chance to sit down with Sally Krawcheck, CEO of Elvest,
02:45 to give some financial literacy tips in the face of a pandemic, and maybe this is something that CP could use.
02:50 So here are some of her tips.
02:52 She says make sure that you have an emergency fund and that that fund should last you a couple of months.
02:56 She says if you're still employed and wondering what you should do with that $1,200 check that you're going to get from the government,
03:01 consider putting it to work or paying down debt, or simply put it away in your savings account.
03:06 And she said that if you don't have to look at your 401(k) and brokerage account, don't feel like you need to,
03:12 which I think are very solid tips in this time of unknowns.
03:16 So that's a wrap for today. I'm Kathryn Ross from The Street alongside Sports Illustrated's Robin Lundberg.
03:21 Do not forget that Sports Illustrated and TheStreet.com are your go-to business and sports sources.
03:27 [BLANK_AUDIO]