Thats something to behold. Its hadding the lowest level since march of 1999. Right now well take a quick look at my board, which is current. I can see it down 4. 13 i say that because ive been practicing waiting 12 seconds to get a quote on something that im trying to give you instantaneously. Now im back on the nasdaq and i can actually see it. The coronavirus pandemic has sapped demand for oil and global storage is rapidly proefing capacity the world is running out of room on ships anchored at sea the may futures contract for wti expires tomorrow looking out to june, the situation isnt quite as dire. Its back to more of what were used to, kind of, at least in the last couple of weeks as you can see there, june delivery under 23 a share meantime, an update now on the pandemic as we bring you the numbers as we do every single morning. Here are the latest numbers. Global cases topping 2. 4 million now with 165,000 deaths. Now, the u. S. Cases nearing 760,000 with more than 40,000 deaths
Hills, that some is working off and Crescent City is going to have a cool down tonight and tomorrow. 60s and 70s above average. Its going to be another nice day today. Sal is talking about people driving too fast. Do you still see that . Yeah, steve, when i leave the house i see more people tail agaiting. Its like the guy behind me wants to go real fast. Right now we have a crash before the toll plaza westbound. So just out of the view, theres an accident on the right hand shoulder. Again, chp is warning people that and the accidents are more severe when they happen. Now, its 6 01. Lets go back to dave. Thank you. The dove nor has plans on what its going to take to lift the stay at home order and says even after that, life will not go back to business as usual especially for schools. Working from home, we have the details. Good morning, dave. The governor compared lifting the stay at home order to a dimmer than a light switch. He says that things cannot go back to the way that things w
Teams and teams and delivery of cars for 2020 and so forth. Were starting to get a clearer picture on whats happening in technology as well. This is a big earnings week in general but we got the alphabet earnings last night. And one of the stark things was the difference between direct response advertising and general brand advertising. We heard direct response is doing better we heard it from snap. Heres the general idea from alphabet, gives you a read through whats going to happen with facebook. There were other numbers that alphabet talked about that could have implications for apple, certainly for amazon and microsoft in their cloud numbers. So that data, that intelligence were getting not only for what happened in q 1 but the trends in beginning of q 2, morgan, are so important. Yeah, potentially read through for apple when we get those results after the bell tomorrow, too. We started the week talking about the outsized leadership of these names, microsoft, facebook, amazon, alpha
Storage is limited amid the coronavirus prices. Oil closing, folks, at the lowest point ever seen since the original Oil Futures Contract began trading back in 1983. The drop is choking the stock market. We are very close to session lows at the moment, with the Dow Jones Industrials down as far as the biggest percentage loss here, 2. 25 or 534 points to the downside. The market action, believe it or not, would actually have been worse if it werent for the fact that we could be just about 72 hours away from another half a trillion dollar infusion from the federal governments financial fire hose, as congress inches closer to a deal to replenish the Small Business loan program. Congressman kevin brady, republican of texas, is the Ranking Member of the house ways and means committee. He is here live and we are going to ask whats going on behind closed doors as best he knows, and whats the plan eventually to pay for all of this spending. We are learning that some of the rescue money went wh
Hello im daryn jordan this is counting the cost on aljazeera your look at the world of business and economics this week its been a little more than a decade since the financial crisis and will the pandemic push the banking and financial industry into another meltdown more jobs a loss than during the entire Global Financial crisis and millions more on the line as 2000000000 people go into lockdown. As rich nations pick up last paychecks those people on the margins of society that have no safety net from former workers in developing countries to migrants in rich nations who is looking out for them. From a Health Emergency to an Economic Disaster as the world grapples with the coronavirus pandemic unresolved old wounds may trigger another financial meltdown as rich nations spend trillions trying to keep businesses afloat theyre relying on banks to maintain the flow of cash to industries and offering loan repayment holidays to consumers well in europe where banks have yet to recover from t