Consumerfacing businesses and both are on the move in the afterhours session and we have Team Coverage to break down both of these reports and lets kick things off with csx with the call now under way and lets get to Frank Holland with the details. Melissa, shares of csx up, and something weve seen in a number of other companies and one of its competitors, union pacific. On that call the ceo says production demand was too hard to forecast in this covid19 environment. Also during the call the cfo kevin boone said the Company Raised 500 million in debt and the Company Believes it is in position for a potential recovery and maintaining a strong cash reserve. Our Liquidity Position is extremely strong with nearly 2. 5 billion of cash and shortterm investments at the end of march this represents multiples of what we would consider normal, targeted cash levels cash may be strong, but volumes are weaker year over year to start q2 its been seen in the three weeks since the First Quarter ended
Test. E taken the it has come out positive, so i am working from home. I am selfisolating. That is entirely the right thing to do. Be a no doubt that i can continue, thanks to the wicked with agree of modern technology to continue to communicate with my top team and fight back. Is selfisolating in his down a street offices after a test on thursday found he had the coronavirus. Weeks ago johnson had pledged he would go on shaking hands with everybody. Global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. I am mark crumpton. This is bloomberg. Vonnie i am vonnie quinn, welcome to bloomberg markets. Here are the top stories we are following. The fastest u. S. Stock rally in nine decades is showing some signs of fatigue. Nervous aboutin the effects of the coronavirus pandemic. Bostic from president who expresses some confidence that the economy can rebound strongly. Later we speak with nobel prizewinning
Before rebounding to finish up almost 5 , recouping half of the losses from mondays 2,000 point selloff. Jim, remember when we couldnt get a 1 move la last 12 sessions, s p moved 3. 5. The market feels broken to me not a lot of liquidity many things happening at night youll see the Interest Rates go down at night. Then suddenly the s p is having a nightly session. We have to play by that tune i get it theres i want to say theres not panic. People want to get out if there were people, you would see endless downing endless down you could say buyers will come in i was listening to jim paulson before, he sees a lot that he would like i dont. You dont no. I like utilities i like the drug companies, i like the highest growth tech, teledoc. The rest sell to you people are buying Royal Caribbean right here as if its like a buying opportunity. A lot of people using the term buying opportunity, b. O. , for things no. No, to b. O. As you might expect, people are focusing on the credit markets and
A very warm welcome to the program from all of us here at our teach q. In moscow thanks for joining us this hour. Kemah this premier has summoned an emergency meeting with ministers as protesters shut down key rail routes across the country the rapidly escalating rallies hope to stop a vast proposed gas pipeline over Indigenous Territory arent used all quarter explains. Railways out of commission ports a backlog marches on the streets transportation across canada has been shut down by protests over a near 700 kilometer long gas pipeline and judging by the most recent actions there seems to be little hope for a swift resolution. To the. Day. At 1st a number of Indigenous Councils came to an agreement with the Company Coastal gas link to build a 6600000000. 00 gas pipeline that would run through Indigenous Lands but the chiefs of a small 1st nation called the what sioux wetton tribe came out against its construction and for that they were raided by the police. No you. Dont think that. Th
Good morning and welcome to the program this is our teams National Coming to you live from the russian capital into your live news update. Canadas premier has some an emergency meeting with ministers as protester shut down key rail routes across the country the rapidly escalating rallies hope to stop a vast proposed gas pipeline over Indigenous Territory quarter explains. Railways out of commission ports a backlog marches on the streets transportation across canada has been shut down by protests over a near 700 kilometer long gas pipeline and judging by the most recent actions there seems to be little hope for a swift resolution. At 1st a number of Indigenous Councils came to an agreement with the Company Coastal gas link to build a 6600000000. 00 gas pipeline that would run through Indigenous Lands but the chiefs of a small 1st nation called the what sioux wetton tribe came out against its construction and for that they were raided by the police. Dont you. Think that. Theres no need t