And equal pay setback. We talk to soccer star Megan Rapinoe about whats next for the Womens National team after a judge dismissed a key part of their case. Setback is the word. But, first, heres todays eye opener, your world in 90 seconds. Were not playing games. We mean business. The time for educating people into compliance is over. Dont be stupid. The race to reopen the ailing economy is picking up speed, even as the coronavirus outbreak is, according to health experts, far from over. Were not out of the woods. You go back to your old behavior, that number goes right back up. I didnt wake up in communist china, and i didnt wake up in north korea this morning. Everybody has a right to protest and express their feelings. Sadly, we have far more people die yesterday in maryland than we had protesters. President trump appeared in a virtual town hall and offered a bold prediction. We are very confident well have a vaccine at the end of the year. By the end of the year have that vaccine.
The market did give back gains we had seen earlier in the session. Part of what we had been seeing with wti prices. Oil prices up. Wti potentially having seen the worst. Talking about disney in a minute they are reopening disney shanghai on may 11 wti up 3. 5 . 23. 40 it has been a long time since weve seen these levels, andrew. It is joe, or becky. We may have to get tacos for joe at the end of the month. Dont worry about me, andrew. Thats like 6 for 12 tacos. What we have to worry about is the hypo allergenic malte opinion poo or whatever. I told you id be happier to see stocks higher so i could buy my own dog i thought, wait a second. Doughnuts for andrew taco bell. Then she slips in the hypo aller againic labradoodle. Shes smart. Andrew, where are we at we could be at 3,600 or 1,100 by the end of may who knows the reason i said that. Over time, i would have never bought stocks on may 1, which makes me think i should have well see. By the end of may, well it may be obvious to buy on
In demand for oil. Francine it is amazing. F you look at the price he was gloomy and said this was serious. Interesting is that all of his modeling shows there will not be enough Storage Capacity because demand will fall so much. It is based on every country not cheating. If a country needs to balance its books you might open the taps a little bit even if the price of oil is low because you need the export revenue, but that may make things worse. I think thats what he was trying to convey to us. Tom no question about that with oil. Jonathan ferro was talking yesterday about the global contraction in oil. In new york city here is viviana. Report on the impact of coronavirus on the oil market. This year oil demand will plunge by a record of 9 . The executive Director Director on surveillance moments ago. This will for efforts by the opecplus coalition to contain the rush of crude. Shrink byill almost a third. Toald trump halting payments the World Health Organization, he blames them for
Dollaryen pushing a bit higher. You are also looking at the 10 year going no real place, and oil trying to stabilize as earnings continue to rollout. Honeywell the latest, suspending their fullyear guidance. Time for todays market moving news from new york and washington. Lets start with earnings. We are about halfway through the seasons. Oil giant chevron out this morning, cutting capex for the second time at about five weeks, warning profits will suffer. Bloombergs Annmarie Hordern has more. Annmarie thats right, that capex headline is really the one to take away from chevron. Clearly, they are doing what they can to save cash. The original plan before they cut earlier was for 20 billion. 14 billion is roughly where chevron has been spending over the past three years or so. Dividends has been a big topic for the oil company. Sayingre now they are they are doing everything they can to protect it. In just going to be out under 30 minutes. They said they are going to freeze it. One thin
Nasdaq nearly 4 , will get back to the markets, theres a lot of News Headlines to go through, we will take you to that with our fox Business Team coverage, our reporters are set up, blake at the white house, hillary bonnet capitol hill, Edward Lawrence in washington. But blake has been the case, the news coming out at 1600 pennsylvania avenue what is the latest. One of the big pieces that came out was a phone call that happened earlier this morning between President Trump and the top democrat in the senate, Chuck Schumer tried to advance the tree and dollar rescue package that the white house hopes to get over to the president desk at some point next week. One area that the president and democrat agree on if money ends up going to big corporations making sure those can enter and use the money for stock buyback. The president said that he and schumer at this point really are not that far apart. I had a very good telephone conversation with some, we are working on various elements of the