Across the americas. The spread is unacceptable. South korea braces for a second wave. Lenders are backing away. Bank of considering cutting a credit line, writing off its and calling it quits. We are just getting some indications, early indications of the economic rebound in australia. The cva australia pmi manufacturing preliminary number for june bouncing back. Just in contractionary territory but certainly much better than the 44 from the previous reading. The Services Number also much better i we get parts of the Services Economy reopening after the restrictions coming in at 53. 2. The previous reading was 26. 9. That composite number for june, 52 point six. 28. 1 and out of contractionary territory. That is a preliminary reading but things looking a bit more positive. Also looking positive for asian markets, lets get over to Sophie Kamaruddin for a look. Futures are in the green with s p eminis and he restocks resuming gains while the aussie dollar remaining on the on foot at the
Phil graduated with a bachelor of arts degree in history from Wheeling Jesuit University and great degree in American History from george mason university. He is currently a supervisory park ranger with the National Park service in florida. You can ask him about fun snakes he might have seen recently. With that, lets learn why someone would want to burn down boston. So, yeah, im a park ranger in the everglades. So i do not bring any snakes. Everyone can stay in the first or second rows. I know that was a big concern by rob and liz. But todays talk is centered on something further north. And being a Baltimore Orioles fan, there is multiple reasons why i want to see boston burn, especially fenway. Today is the road to revolution. And boston epicenter of that early colonial opposition to the parliament, to the british, to being in existence. I figure i would summit up in three dates, march 5th, 1770, april 17th, 1775. So thanks for coming. Well take questions. Theyre all important dates t
Putting pressure on oil markets as well. And marie hoarder me for more. Walk us Annmarie Hordern joins me for more. Walk us through the veracity of the selloff, and does it last . Annmarie the next 24 hours is going to be quite bumpy for this may contract. Basically, it is Financial Derivatives meeting the physical oil market and what we are seeing on the storage side. If you are not out of this position financially and you are a futures trader, you have to accept the physical oil. The problem is, theres really nowhere else to put it. Look at cushing. That storage is quickly filling up, and that is the main hub in the United States, where you have pipelines to canada, the midlands, or the gulf. The may contract now trading at , which3, plus contango means if you look at the june contract, trading at about 23 a barrel, it is about a nine dollar differential, the most on record. If you look down the table of what you see for june, july, august, the prices are certainly higher on the futu
Spread widened out. Thursday in terms of the eu, and theres going to be clashes about whether or not we see joint debt issuance. Vonnie we will speak to maria tadeo about that in just a few minutes. In the u. S. , we are seeing equities dragged lower by oil, down almost 40 at one point, and back there again now. We are trading at 10. 85 for a barrel of wti. It is really insane levels of trading. The contract expires tomorrow. Vix trading at about 40. One stock to point out, united airlines. Obviously, the airlines having a terrible time of it. It is talking about topol revenue in the First Quarter about total revenue in the First Quarter down 17 . It will get 5 billion through the payroll protection programs, but it is just one of the airlines having a hard time. Right now, homebuilders are the worst performers in the s p 500. Guy lets get back to that board we were showing you at the top of the program, the price of debbie ti crude of wti crude trading 10 a barrel. That is the lowest
Youre watching R T International bring you your live news updates straight from the russian capital welcome to the program. U. S. Stocks have rebounded from mondays bloodbath on wall street major indexes have risen following tuesdays briefing by the Coronavirus Task force with a trumpet ministration sought to calm jittery markets with the promise of a Major Economic response but Key Industries still face the threat of collapse because you know this is worse than 911 for the Airline Industry this is they are almost ground to a halt the president wants to make sure that although d we dont want people to travel its critical we want to maintain for critical travel the right to have to match to travel by making shared sacrifices and temporary changes we can protect the health of our people. And we can protect our economy because i think our economy will come back very rapidly one day well be standing possibly up here will say well we won and were going to say that sure if youre sitting ther