Coronavirus lockdowns but the head of the w. H. O. Urges caution. Without National Unity and Global Solidarity. Class does. The worst use it to focus. For the 1st time ever u. S. Oil prices have crashed into negative territory after the markets benchmark fell more than 100 percent in a day producers are now paying stockpile is to take barrels off their hands as the man dries up due to the coronavirus pandemic and storage runs low this says many European Countries are actually starting to ease lockdown restrictions with some shock shutters lifting across germany that mark and the Czech Republic theres also positive news coming out of it for the 1st time the number of people currently reported to be infected with corona virus has fallen from yesterday by 20 however the World Health Organization has cautioned that easing lockdowns does not mean the pandemic is over its warned that without countries working together the worst is yet to come but lets start with those historical losses on th
Indecisive positioning. According to bank of america fund manager survey as they wait on cpi tomorrow. Mike santoli is here with more. What are you watching in positioning . We worked off this excessive bearishness by longonly Fund Managers and a lot of other indicators. No longer we also dont have people positioned for the market to run away from us on the upside. We can call it indecisive, call it neutral, call it confused, datadependent. All those fit. Weve been fighting the same battles with oil prices nudging above the comfort zone, perhaps, and then yields, how are they going to absorb this inflation number tomorrow . So, i think the big picture story of this year remains in place, which is disinflation, you know, youve had the fed mostly done if not fully done. Earnings are tilting up slowly from a trough. All that is and then the argument what is priced in . Have we priced in benign soft landing scenario or do we have more to benefit. It will be fun to watch the doves who were
And lips can skin. We can breezes showing up on the Ferry Building from the rough camera with a few high clouds. The pres will taper. We are starting off in the mid30s to mid50s. Quite the microclimate. By independence we are in the lowtomid 60s and House Speaker 60s by 4 00 with low humidity. You will need the coat this morning, 50 by 7 00. To our election coverage now. One of the most controversial proposals last night would have put severe restrictions on shortterm rentals in San Francisco. Francisco. Voters rejected respect it was aggressive fight and there was a last money at stake, they needed a simple majority to pass and the results show 55 percent in San Francisco voted no on f limiting the shortterm rentals to 75 night as year and require airbnb to pull listings that went over the limit. If that were done, airbnb in San Francisco would have lost millions each area. People at the headquarters celebrated the victory. As people learn more about the miles an hour, they moved furt
Bankruptcy protection. What it means for the thousands of lawsuits against purdue phrma and the founding family the sacklers. And Climate Change is a threat to our National Security and well hear from al roker on his reporting from the glaciers of green land. But oil prices have spiked after drone attacks on saudi arabias Oil Facilities which could mean likely will mean higher prices at the pump. The attacks on saturday knocked out more than 5 Million Barrels of daily crude production. That is half of saudi arabias daily export capacity. That caused brent crude futures to jump more than 19 at the open today. That is the biggest jump in history. Almost 72 a barrel. Take a look at west texas intermediate, this is light sweet crude which we use in the United States, different from brent crude which is the global standard. But our oil prices are up as well to 62. 16 a barrel. President trump says that he is authorizing the release of oil from the Strategic Petroleum reserve to keep the mar