Its very important that every one strongly follow the guidelines have to follow the guidelines that our great Vice President holds up a lot hes holding that up a lot he believes it is so strongly the better you do the faster. This whole nightmare will end. Therefore we will be extending our guidelines to april 30th. To slow the spread. Dr Anthony Fauci of a top Infectious Disease specialist in the u. S. Believes extending these measures is crucial to slowing spread of the virus and the cost of life yes we feel that the mitigation that were doing right now is having an effect its very difficult to quantitative because you have to dynamic things going on at the same time you have the virus going up and you have the mitigation trying to push it down but the decision to prolong not prolong but to extend this mitigation process until the end of april i think was a wise and prudent decision and on monday the director general of the World Health Organization echoed this same sentiment. We understand that many countries are implementing measures that rest richt the movement of people in implementing these measures its vital to respect the dignity and welfare of all people its also important that governments keep their people informant about the intended duration of measures and to support for older people but if you use and other vulnerable groups. Governments need to ensure the welfare of people who have lost their income. W. H. O. Officials added that hard hit countries like italy and spain are potentially stabilizing due to these measures but it is not time to give up those restrictions death in the 2 nations now exceeds 18000 elsewhere in Europe Germany now has more than 60000 cases with just over 500 deaths as the world deals with extending these measures the summer olympics set to take place in tokyo have officially been rescheduled to july of 2021 and this summers Detroit Auto Show has also been canceled as family uses the venue as a temporary Field Hospital for treating those affected by the virus as always remember you can get the latest news and information regarding the spread of the corona virus on the portable t. V. Apps coronavirus tracker. And u. S. Crude Oil Prices Fell to their lowest levels in 18 years as a lack of demand continues due to the crow virus pandemic the west texas intermediate the us Oil Benchmark dropped by more than 7 percent early monday hitting a low of 1000. 85 per barrel before bouncing back just above the 20. 00 mark brant crude the International Benchmark lost nearly 13 percent dipping just below 22. 00 per barrel its lowest level since 2002 before rebounding slightly now as weve discussed on boom bust lockdown throughout the world have caused prices to be cut in half over the last 30 days and it doesnt appear things will get any better as Analysts Expect global pecial demand to drop by 50 percent as the world continues to selflessly and social distance themselves which has kept them out of their gas guzzling Vehicles Energy consultant f g e claims demand in the u. S. Could drop by 5000000. 00 Barrels Per Day in april alone which would equal a drop in 5 percent in the Global Oil Demand thats just the u. S. Thats more bad news for us shell the u. S. Shale industry which has been losing billions and many producers are on the brink of bankruptcy and while crude demand is plunging there are no signs that the worlds top oil exporter and opecs top producer. Saudi arabia is backing down from the Oil Price War with russia which began earlier this month not only is saudi arabia not backing down from that oil price where for market share the kingdom has also pledged another major increase in its crude oil exports starting in may meanwhile russian oil prices on friday dipped to the lowest price since 1900 russian president Vladimir Putin the President Trump held a call monday in which the 2 leaders spoke about the situation regarding oil amid a broader conversation about the coronavirus and for more on the state of oil markets and the overall economy were joined by Todd Horowitz chief strategist at bubba trading baba always great to have you here today were seeing the lowest oil prices in nearly 18 years right now as we just mentioned much of this is attributed to measures taken to combat the spread of the coronavirus what do you take away from all of this. Good to be with you brant you know listen weve got markets that are oversupply before all of this started and then you cut into deeper we already have a glut so you see some heavy selling in a lot of pressure i think youre probably find a bottom here any time soon you know again 2019 some around here because if you look out into the future now you see the price separation is getting much deeper and much higher so for example if you go out to to juneau oil its 25. 00 versus 20 so the spread is starting to why not would you say that once israelis itself we should start to see some buyers step in you know were getting to a problem price point where the shorts are going to start to go a bit nervous and i think youll start to see at worst a Short Covering it could take us back to 25 before keep because youre bound to see it going a tremendous amount lower although i am short id like to see it go a lot lower but i dont think it will it know how much of an impact are we actually seeing due to this Oil Price War between russia and saudi arabia once everything returns to normal with the coronavirus pandemic and maybe that that helps to clear that whole issue up will these oil go away. Or is this going to be a continuing thing i mean i know youre saying futures are looking good in june but we really dont know how and how long any of these circumstances are going to last. 100 percent run i cant say for sure but again look we know that saudi arabia and russia would like to put the fractures out of business to begin with right they dont want to show producers theyre taking away their business they dont like that the United States is the number one producer in the world of oil so i think were going to see is that pressures are going to remain however i think with a lot of the this stuff that the fed has done to lower Interest Rates to forgive some payments for a while it will help keep these guys in business and as we as if we get back to normal again we only are only speculating that it will be able 30th or may or june so we dont know what it was that as we get back to work will start using it again and will hopefully start to leave some of that glove but at the end of the day i mean we have no idea how long does it go on for but the forgiveness of loan the free money will help the shell producers survive through this very tough time right now and i was going to actually ask about that because i mean youre right theyre getting some some sort of a we could call them stimulus measures or loan forgiveness not forgiveness but you know i mean delays on it so but in the end they have these rage with razor thin margins are all of these shell producers going to make it out of this particular issue that were having right now or is this are some of them just are going to cut it. Some are going to make it breathless and some are very tight budgets to begin with right there already you know on a shoestring before all this happened one are always at lets say 35 so now theyre probably in trouble will lose a few but again in a true market a true free market others will pick up the slack and theres plenty out there to go after and theres plenty of people willing to go get it so the Weaker Companies will see it will fail but destroy our companies will hold and again but i dont think the failure rate is going to be happen as fast as we would think it would because again between what theyre trying to for Small Business with some of these crews are Small Business so theyre going to be able to pay their employees is that putting on employment which means that they get to stay in business without any risk because again the government is going to pay those employees and pay them which allows them to keep their people working and that can fly in and around employment so theyre just paying unemployment a different board by trying to keep these Companies Operating now i want to move off of oil for a little bit here and well talk about a little bit the latest regarding the virus and President Trump had hoped to have the u. S. Economy humming along again by mid april but is now distancing measures have been extended through the end of april what is this doing to the u. S. Economy and i know there was a big movement for people to say hey you know if you take the lumps lets all go back to work and get things going and do that for america which is kind of a bizarre thought but what do you make of all of this where we had with the u. S. Economy when this is all happening. Why is it right you know that i thought we were in the early stages of a recession before all this coronavirus started i think weve got some troubles here look at the end of the day heres where we are right weve got companies are going to slow down weve got nobody producing and were not going back right to buying and shopping i mean listen youre still going to have all the sports stadiums are going to be closed all that ribbon a revenue thats generated by Everything Else that creates population and people is going to be closed so were not going to be producing there and a lot of these other stores and recent retail outlets are not going to pick up suddenly were not going from 0 to 100. 00 in a week or a month there are 6 months this is a take a long time to rebuild and how about all the restaurants that are too out of business so based on that were a Service Economy youre going to have a lot of issues to deal with there before we get back to normal but it what i think will happen is a big if we can see that looks good things will start to be better but again the overall equity market of their district was truly over overvalued here and now lastly and i got about 456 protests here economists with the feds st louis district are saying unemployment could hit around 30 percent as people continue to be out of work due to the precautions made to combat the virus i mean where are we going to be at here in a couple of months when it comes to unemployment is it going to hit that 30 percent mark do you think. Well i put no credence in whatever the fed says if they have a clue whats going on around him anyway so i think that it could well yeah i mean i dont think its possible but itll all be temporary a lot of these jobs will come back and dont forget with the government Small Business assistance which employs half of america ok theyre trying to keep these were working now so that you keep the rates lower as well but these are temporary until the absolutely Todd Horowitz chief strategist of baba trading thank you so much for your time today thanks brant. And u. S. Conglomerate johnson and johnson announced it made a 1000000000. 00 deal with the u. S. Government to cofound Vaccine Research to fight the corona virus the company said it would start human testing by september and hopes to have it ready for emergency use by early 2021 this would accelerate the pace which usually takes at least 18 months for such vaccines to be tested approved and then manufactured johnson and johnson added it plans to open one new site in the u. S. At a number of other sites across the world in order to manufacture and distribute the new vaccine more quickly now they seek to produce more than 1000000000. 00 or 1000000000 doses of the coming back scene c. E. O. And chairman alex gorski told c and b c we have very good early indicators that not only can we depend on this to be a safe vaccine base but also one that will ultimately be effective based on the early testing and modeling weve been doing while gorski said they are pursuing the vaccine on a not for profit basis its unclear what the customer cost may be. Time now for a quick break but here because on the other side market volatility continues to roar as markets have been slammed by the. Straight ahead well break down stock movements around the globe and what lies on the horizon as we go to break here the numbers of the quote. So what weve got to do is identify the threats that we have its crazy. Let it be an arms race. Spearing Dramatic Development it only really exists i dont see how that strategy will be successful very critical. To sit down and talk. It. Could. He love who. Do make it to c. B. S. Dont want to tell. You who were. Not as you. Know most of the people. New illusion to move. To the sunnis tonight in 92 when the. 2 would you have to use in. One of the media has on them. So what weve got to do is identify the threats that we have its crazy you confront a shouldnt let it be an arms race on this very Dramatic Development only really going to exist i dont see how that strategy will be successful at very critical time to sit down and talk. Micrographs friends arent slights and gets to you know why. For example theres theres fights against women or nonwhites so its always you know the idea is that statements that directed toward a Privileged Group are interpreted differently than a statement directed toward an oppressed group and so thats kind of the whole framework and its a its a political framework thats used the result is of course focusing at least on certain kinds of minor slights and say more rather than a north more than we need to call attention to them but its not all slight so its a very political in this continent. And welcome back western markets are continuing their upward trend staying positive for 4 out of the last 5 trading days the. Europe indices rose between a half a percent and 2 percent on monday the u. S. Is faring better with the dow and nasdaq and s. And p. All seeing substantial gains asian markets have not been quite as lucky with japans nikkei the shanghai composite and hong kongs hang seng all in the red and now we have a lot of expert analysis to break down what is happening with the markets and for that we go to t. J. Walker is director of stocks with Simpler Trading and boom bust cohost christy who joins us from los angeles now 1st off kristie tell us what is happening with markets on monday. Its really refreshing to see the 1st printing monday and more than a month today as a u. S. Equity markets extended its rally with indexes surging over 3 percent so these gains were sparked by a massive stimulus as president signed into law friday into a trillion dollar stimulus package in order to help cushion the economy now despite the rally though there is still a high degree of uncertainty regarding the length of the global logjam which continues to disrupt businesses and supply chains and this is clearly evidence in the lack of participation in the rally as we look at the trading volumes fund exploders fell further and theres a complete lack of new positive positioning in futures and options so were coming off our best week since 2009 but indicators are still to the downside as major averages are still below their respective moving day averages the day of the e. T. F. And passive investing which has been in play for the better part of the last decade is completely over selective stock picking is in again as investors expect more coronavirus driven market volatility so were now looking at names that have a rock solid Balance Sheet of cash to weather the storm and a solid contingency plan to continue to operate in this new normal the entire market is now expecting to change its ways that it hasnt since to date where the recovery will not be a sharp v. Shaped bouts remote teleconference is expected to stay travel its especially International Travel will be needed in the future and the entire leisure industry will take a massive hit as consumers whole less disposable income to spend stocks will also take longer to recover as a fed efforts have become less and less effective now defense of Consumer Staples such as proctoring yaml got an upgrade and a bit today while the entire gig industry built on the back of fire air b. N. B. Is completely obsolete now the sell everything and ask questions later mentality has finally passed but the damage has already been done as confidence in the market rally is weak as investors still doubt the durable of the of this entire rally in the face of the long tail. After effects which includes a massive spike in Unemployment Congress is now rumored to be working on a 4th stimulus package now kristie have we actually seen the bottom in equity markets right now. I dont believe weve seen a bottom i do think that it will be very easy for us to see any test of the 2400 level as we said this entire rally have you seen a lack of participation there has no more volume on the sell side than on the upside and given the lack of futures options positioning i feel like investors right now are positioned very defensively so thats why theyre being very selective choosing only consumer staple utility and Networking Communications names those names are the only names that are getting a bit in this market as well as our mystical as that are currently working on a cure. Actually pose the same question to us do you think weve seen the bottom or what are you seeing in the markets right now. For now i think we have but this is what i been cautioning people for a long time as this thing has been going down everybodys been calling me and say hey when do we actually get in this isnt this going to be the opportunity of our lifetime to get in low and ive been cautioning saying you know this 1st blow that we find which i think weve found for now is really just going to be the balance we have significant moving averages right overhead and this is going to be causing some problems we also have previous price resistance that is over there and price congestion and im concerned that when we get up into those areas were just going to get hammered again and roll back over so we need to keep this very close we need to be looking just a few days couple weeks out into the distance and say hey you know this may not be over yet as we keep dealing with the coronavirus and dealing with people who are starting to kind of pucker up a little bit and have to really retool everything now that theyve been in quarantine for a month if not more you know t. J. Who is actually best position to weather this downturn and who is going to get hit the most. Yeah the people who are best able to weather Something Like this is going to be cash on hand of course you know there were seeing that when everything implodes you need to be able to be able to pay your workers if you can do that and be able to ride out something when youre not going to be having any revenue for for a couple months it looks like and then also companies that are basically internet based i mean weve been seeing everybodys gone over to work from home and internet and were looking at streaming services so places that you think about mail order or think about amazon chewy and pet meds you know were going to look at this stuff that when everybody is home well how you going to get the stuff how are you going to still keep shopping and thats where were going to be seen some strengths now some of the weaknesses are obviously airlines i mean everybodys been talking about that and were seeing that theyre really having a hard time to talk about furloughs just travel hasnt been happening and then were looking at things like you know air b. N. B. Maybe some hotels and expedia you know were looking at stuff where people just arent moving around right now and theyre going to be suffering the consequences as far as a business goes no no no t. J. Also you. And christi kind of mentioned this is that as did you Companies Like zoom and things like that that are kind of like stay at Home Companies do you think now were going to actually learn and if you just look at it society are people really going to learn like oh i can rely on amazon the way people in big cities do i can tell the work now and that might become the new normal after this whole pandemic is over. I think what were going to do is realize that we have that in our back pocket and that we might actually be using it more but i dont think were going to radically change what we do and suddenly not go to offices i mean i for one actually enjoy going to the office i like going around and seeing my coworkers and gives me a little extra motivation and it keeps me going its something that i enjoy doing and you know ive been as a stock trader i was trained by myself self employed for several years and it was a little bit of a lonely sport and so i like kind of being around this and i think a lot of people enjoy what their work is and the social aspect around it and so even though we can do it and we might need to do it for certain times i think a lot of people enjoy it and were kind of social beings and so i think we kind of want to be around what were what were doing as far as our coworkers i agree with you i work from home for several years too and it. Just moved to a new city it could be a lonely little situation as well when you only see the same people and everything i very day so i told understand that now kristie you mentioned more stimulus what could be in the 4th stimulus package that actually wasnt in the 3rd already. Now there are talks about this and odds are we will mean more legislation because currently we dont know the extent of the crisis in terms of the magnitude thats a moving target and that could easily arise so right now we dont know what we dont know and so we have to be ready to react to it as it becomes more clear so the need for additional action one is highlighted in the unemployment report last week that spiked in recent times so a new stimulus potentially hinted being focused on Health Care Workers and Digital Companies as well as needs to low and middle income americans to in order to plug up the holes in the last in the last package that was now a hastily cobbled together so now the next phase of the stimulus my actually really focus on stimulus while the last stimulus of truly 2 trillion dollars that one was more so focused on the stabilization of the overall economy and now kristie quickly do you think there will be a 5th and maybe even 60 minutes as we look at this. I have to believe that its going to be a moving target as we work to fill in whatever gaps will to be filled. Absolutely thank you so much t. J. Watkins from Simpler Trading and blue bus cohost christiane thank you both for your time. Thank you thank you. And finally the coronavirus toll is being felt nearly everywhere and now its slamming the brakes on the fun yet controversial internet tradition google will for gold their yearly myriad of april fools joke that take place across nearly every portion of their business according to an email an internal email that is to say obtained by Business Insider as internet and tech giants continue to fight misinformation regarding the virus it seems appropriate to know why directly to your users of the worlds most popular Search Engine in past years the company has made the maps at play pacman and giving users a chance to clear their schedule playing Space Invaders on their calendar and they have even launched a fake translator by a google home they could translate conversation to tulips thats right tulips again these are all fake and in good fun but it doesnt matter if it happens ever. Single year take in the still able to catch a few of us with their pranks and thats it for this time you can catch boom bust on demand on the brand new portable t. V. Apple billboard smartphone through google play an Apple App Store by searching portable t. V. Or stream us to your t. V. By downloading the portable t. V. App on apple t. V. And online at portable dot t. V. And as always you can find our coronavirus tracker on the portable t. V. After we get the latest news and information about the spread of the virus as always you can check us out on you tube dot com slash to bust our to see you next time. And were going to fulfill the promise is possible to the people you know weve all bots to. Be really really really. Pretty good. If you want to. Know. Full. Well yeah. I can link up my. One almost show something seemed wrong why dont we all just dont call. Me. Yet to see how it just did become agitated and in detroit equals betrayal. When so many find themselves worlds apart we choose to look for common ground. Well done Charles Dickens captured the guys at that moment in the christmas count being a condemnation of capitalism wasnt yes you know the ghost of christmas future was neo liberalism visiting upon the president to try to warn people what happens when you financial lies the Global Economy and you do 3 or 400 years with the consumption today christmas being a holiday of consumption losing its its significance as a spiritual soulful. And here we are you know weve all been very very naughty and weve all been sent to our room and were all sitting in our rooms now thinking about what we did this is a moment of self reflection for the Global Community to sit in your room and think about what youve done. Your government and our government and all the other major governments of the world know whats going to them when its gone. But they havent told you and they havent told me they havent announced. Imagine something as big as the earth. Is going to cause tidal waves earthquakes volcanoes are going to wrapped and its going to chill. So very for a while right. My great grandfathers. Nobody would care about the law or prison so youd have wallace those should have. A terrible life between the and the. You know it was. German officials accused. Us of exploiting a law that was supposed to protect low income tenants refuses to pay rent on its stalls the covert 19. 00. Governments around the world place a stark choice between saving their economies and saving lives we look at how countries are trying to strike a balance. President trump expresses his appreciation for medical aid sent by brush or in china to fund the corona virus which is now infected more people in the us than anywhere else