But i think when youre better for the world youre better for israel to halt to this office us hard bargain is very different from trump trying to bully dos and wanted us to appease him as well as many. Countries with a historically difficult relationship with the u. S. But in selection of burkes little hard. For the future development of the china u. S. Relationship trump didnt do a good job i dont hold much hope for biden turn. But im. I do but im a drummer we talked about improving relations with russia but it didnt come to anything. When you deal with biden is openly against russia. Or for a here. All eyes are now on biden and what changes he may bring to foreign diplomacy for the us. And lets get more now we are joined by did i use your ear shadow who is standing by with the view from moscow yury the kremlin has been remarkably quiet to silence speak volumes. Hi sara well we have no official reaction from the kremlin so far youre right russian president putin only commented once on
Police break up mass protests against a planned new security both. Powers to 1st say the law would silence faint critics. Britains Prime Minister stands by his man Boris Johnson refuses to sack of top aide if cusack dissipating the lockdown trouble rooms critics across the political spectrum condemned both man for telling the public one thing during another. And a cultural level in the face of a pandemic you cant put a protective mask on an opera singer on a wind instrument player with the legendary bolshoi theater many other venues closed until further notice t. W. Finds out. Without a stage. Im phil gal welcome to the program the Top German Court has ruled that volkswagen must pay compensation to customers who bought v. W. Diesel cars face it with software that manipulated emissions test results a landmark ruling in the diesel gate scandal paves the way for tens of thousands of others to receive damages. The federal court of justice in calls said anyone who bought a v. W. Car equippe
Lots of earnings coming out. Ups is the latest. They are withdrawing their 2020 forecast for revenue, as well as eps, as we have seen from Many Companies trying to estimate the impact. Theirre withdrawing forecast. They are suspending the Share Buyback for 2020. We want to get you all of todays top moving news from new york and our london team. We want to begin with the volatility in the u. S. Oil market. Wti at one point falling below 11 a barrel. Bps ceo, after the Company Released firstquarter results which showed a 2 3 drop in profit. We have a situation where we have excess supply, and storage is filling up. Cushing is 70 full. People think we will reach completely full sometime in may. We are very fortunate to have a large trading organization, and they have been able to find a physical home for our crude, but not everyone is that fortunate. What is happening here is a very simple case of supply and demand, and the market really isnt going to find some stability until that comes
And thats when the Trading Halted it slowed some of the panic selling, the machine selling and at the end of the day, still down more than that for the dow futures for the dow a decline of more than 2,000 points. Youre looking at a big bounceback but only half of the declines from yesterday. Up by 1100 . It found some support and then it was down 5 and then it closed about where it was indicated to open. Right. But we kept saying what if the garden variety correction is 12 we got a pandemic whats a decent where do we got an additional 18 or 19 yesterday. Well, in total. Down down 18 or 19. Yeah. If it goes from here up 1,000 today youll once again be the call of the bottom you will be ill take it. I hope im the call of the bottom. I hope you are too. But its just consensus. Just the feeling that everyone has at the same time that you express. Thats all it is thats many times that is the indicator. Do you think do you think we have more to go . Well, i understand the focus on the equity
The 30year at 3. 222 and today is jobs friday lets look at expectations forecasters say that the economy probably added 160,000 jobs last month. The Unemployment Rate is seen Holding Steady at 3. 5 the backdrop for this mornings report, stocks at record highs the dow closing within points of 29,000 yesterday, 28,956 apple was a big driver shares of the neck giant up more than 2 and its also adding to the gains this morning its up another 2. 20. Apple last trading at 311. 84. On a trillion and a half. Trillion and a half market cap. It was a broad rally, all 11 sectors of the s p 500 closed higher. Are we taking the under on the jobs i just feel like it would be the under on the jobs. Youve got the weird seasonal things that take place. The number was so blow out last time. It revised higher than months before that, too. It seems like eventually theres a regression or whatever you want to call it to the mean. Im hoping its good. 160,000. 160,000 is a lot. Trade continuing to be a huge s