Today. We are seeing crude fall 13 when it comes to w. T. E and the phillipines, that is one of the weaker side. But when it comes to the june ontracts, down 4 to 19 bucks. Look at what it comes to w. G. E . We are hovering around the 11 mark when it comes to new york crude, down 13. 6 . We mentioned about the United States oil fund, the largest oil fund in the world selling off e and ingsings in w. G. Unexpected move. Lets get more analysis with jp morgan asia yeah strategist. Is this starting to hurt the equity market . I think the moves that we are seeing in the oil complex is very, very specific. And looking across massive impacts doesnt i think the easiest thing to see the forward looking long data futures on Oil Prices Remains rather stable and it is not assuring. And the weakness we are seeing the new york futures is specific to the supply and storage they are seeing. I wouldnt put too much into that will market at this point. Interesting you say that, there is a divergence and
Democrats would block it. Heres a look at her comments now. We will show you as much as we can before todays White House Briefing. Pelosi thank you all if you are out here. Good day wherever you are in this holy week, passover. Approaching Easter Sunday and ramadan. The appropriate time for us to more deeply pray for those who have lost their lives and the families that are suffering and those who are sick with the virus. Its a very, very sad time as we awaken this morning to see that the totals are approaching 450,000 people infected. Approaching nearly 15,000 people who have lost their lives. That is the sad, sad part of it all. More than 17 million initial unemployment claims. Hundreds of thousands of jobs lost in the month of march. Now millions more expected in the coming months. The assault on the lives and the livelihood of the American People is one of epic proportion and one that demands congress continue to take bold, urgent, effective action to bring rapid relief to the heal
But how exactly can they get that done . We speak with former ge vice chairman bob lutz in a moment. It and cnbcs coverage of the coronaVirus Outbreak begins right now. Good morning and welcome, im Courtney Reagan live in times square we begin with breaking news. Stocks set to fall at the open at futures overnight hitting their limit down levels once again. We are well off the session lows at the moment. Dow jones industrial average indicated lower to the tune of 1100 points, the nasdaq down by 213 points lets check in on the etfs that track the major averages remember, these are not subject to those limit downs the dow etf is indicating a drop of 3. 75 the spy down by 3 the qqq, that tracks the nasdaq, down by almost 3 . Lets take a look at whats going on in the fixed income market and take a look at treasuries this is a closely watched barometer of everything going on with the economy and the markets. The yield on the tenyear note is sitting at 0. 38 . A rough morning in energy. Gaso
Prepared. Once you have the nations credit they needed to change their behavior to reduce. Welcome to the program fears over the spreading corona virus a hammering markets around the world shares on wall street plunged on thursday triggering a stock in trading for the 2nd time this week the Dow Jones Industrial average was down more than 2000 points almost 9 percent shortly after the start of trading the selloff comes amid growing uncertainty over u. S. And global measures to contain the economic damage off the pandemic and follows the announcement of a travel ban to the u. S. And nearest tough trading sessions in asia and europe were. Investors of signal do sometimes function with stimulus measures so far. Lets talk to correspondent. Chelsea delaine. See how significant. Declines. Weve been talking a lot about some of the biggest stock selloff since the financial crisis were getting to the point where this selloff were seeing are going to exceed financial crisis level stock to clients
Since february 5 and 6 thats right, it has been about a month and a half since february 5 and 6 for the dow and february 13 for the s p 500. Right now, it looks like the yield is at 0. 858 andrew we have a huge lineup of guests today out of washington James Bullard talking about headlines. Tom barrack and former federal chairman ben bernanke. Living through the crisis of 2008 and studying the Great Depression all of that coming up over the next three hours to the news that broke overnight. The white house and the senate announcing a deal. Well get to leaSteve Liesman f more on that and eamon with more. It was in the 1 00 a. M. Hour that it broke overnight. What we have here, joe, is a handshake deal we dont have a vote and we dont have the explicit text what we have is a deal here is how Mitch Mcconnell announced the deal at 1 00 a. M help is on the way. The American People are already rising to this great challenge the senate is about to follow suit well pass this legislation later to