A live report on the Aerospace Giants latest move and Oil Continues to sink as storage nears capacity amid the massive decline in demand we take a look at the petro sector and what lies ahead for energy with a packed show today so lets dive right in. As the worldwide total of corona virus cases has officially clips to 3000000. 00 the World Health Organizations director general on monday addressed the easing of lock downs in europe due to the klein new cases on the continent. The new hope is was declining numbers of new cases. We continue to urge countries to find isolate test and treat all cases and try this every 2 e. These declining trends continue but the pundit mickeys far from over w. H. O. Warned that while western europe may be seeing declining numbers there is a concerning upward trend in africa Eastern Europe latin america and some asian nations the director general also spoke about the importance of the world coming together to fight this and future pandemics. I continue to c
Youll be credited for the next time you fly so as a result of the pandemic airlines have had to cancel hundreds of flights every single day and in fact the t. S. A. Has reported that as of this past sunday only 122000 passengers were screened through all u. S. Airport security checkpoints and thats compared to 2400000 last year on the same date now the number of operating commercial flights down significantly a whopping 95 percent so whats no surprise that as Airline Companies continue hemorrhaging money passengers are seeking a refund for those canceled flights that were initially denied any cash back so thats why the department of transportation reached and demanded out to the airlines that they comply with passenger requests and give them back their money so its a rare step to see the government step in and tell big private companies how to treat customers until now and. Is this the new normal so are to your parent project has been taking a deeper dive into all of this apparent the
Down the global numbers and how International Markets are reacting plus boeing is back in the headlines after scrapping a joint venture with where we bring you a live report on the Aerospace Giants latest move and Oil Continues to sink as storage nears capacity amid the massive decline in demand we take a look at the petro sector and what lies ahead for energy with a packed show today so lets dive right in. As the world wide total on monday addressed the easing of lock downs in europe due to the cline in new cases on the continent. To see a new rope is was declining number of new cases. We continue to urge countries to find isolate test and treat all cases and tress every call to ease sure these declining trends continue. But the pundit is far from over w. H. O. Warned that while western europe may be seeing declining numbers there is a concerning upward trend in africa Eastern Europe latin america and some asian nations the director general also spoke about the importance of the world
And the estimated number of deaths we will get ism today. Adp is out several european banks are spending dividends jim, how much of this mornings action does reflect the grim picture that the white house set forth yesterday . Its difficult to imagine how, lets say, optimistic people were versus what the president said last night. I think many people in the stock market understood that the numbers were completely understated. You did leave the office saying, wow, that could be just terrible because they didnt caveat it as much as you might have thought they didnt say, all right, but were doing great in this state, this state, this state they said look, this is the reality. I think the reality rolls back some of the 19. 9 gain we had last week in the s p then whats going to roll back the rest is if we have credit problems ill defer to david. David knows behind the scene what day it is today today is the day youre supposed to pay your rent david, a lot of people wont make those payments,
We await President Trump right now, probably in about the next hour or so he will be addressing the top of the Coronavirus Task force. One of the Big Questions will be about his conversation earlier this morning with russian president vladmir putin. The white house has said that those two talked about the need to stablize energy markets. The president saying earlier this morning that he believes oil prices are too low. Russia and saudi arabia are fighting and they have driven down the price of oil and i never thought i would be saying that maybe we have to have an oil increase because we do. The price is so low, theyre fighting so crazy over distribution and over how many barrels to let go. Reporter the president also said that he would like to see hazard play, hazard pay, rather go into effect for the nurses on the front line in the hospitals treating the coronavirus patients. The treasury secretary Steve Mnuchin said earlier today, speaking with Stuart Varney that receipt now theyre