Disinformation and propaganda, President Trumps rhetorical assault on beijing steps up a gear. The u. S. Senate passes a bill to the last Chinese Companies on european and delist Chinese Companies on european indexes. The bank of england president said get of rates are not being ruled out. Plus, cut to junk. Angela merkel says a decision on the lufthansa bailout should be expected shortly after the German Airline becomes the latest to lose its Investment Grade status on the s p. Take a look at futures this morning. We do see losses in futures. Euro stoxx 50 futures down a little bit more than 1 . 0. 6 6 . Ures falling we see drops on u. S. Futures, as well. S p, and nasdaq futures all down by more than 0. 5 . Anna, the gmm . Anna lets have a look at the gmm. Quite a mixed picture in the Asian Session after some gains in europe and the u. S. Yesterday. Lifted in part by some better corporate reporting in the u. S. We see a little bit of nervousness around geopolitics and the ongoing ten
Musicians look full of making money. Because of the virus. Welcome to the program for the 1st time in history u. S. Just crashed into negative territory on monday that means producers have to. Take oil off their hands the crash was triggered by a collapse in demand as the world continues its shutdown because of the coronavirus its an Unprecedented Development well discuss the impact in just a moment but 1st this report. Went. To one thing. We certainly have plenty of oil. In fact far too much of it the president tried to calm nerves after the value of u. S. Crude went negative for the 1st time ever on monday at one point reaching minus 40. 00 a barrel in a month or so go a little bit its at 25. 00 and 28. 00 or so its largely a financial squeeze and they did get squeezed with a traders who found themselves on monday under heavy pressure to sell off their crude futures to the rising cost of holding the oil in the u. S. Is when dealing Storage Facilities means keeping it is becoming too
Going hungry around the world. No vaccine but that doesnt mean you know how we look at the different drugs and treatments being used to treat cope with 19. With the pandemic throwing world oil markets into turmoil donald trump says his government will look to support the domestic industry the president says hes told the energy and treasury secretaries to formulate a plan to make Funds Available to ensure the survival of american oil and Gas Companies that follows an unprecedented collapse in the u. S. Prices because of a glass in supply the u. S. Futures market dive deep into negative territory for the 1st time ever on monday the lowest the price of the u. S. Benchmark w t i sank was to minus 37. 00 a barrel the International Benchmark the brant crude on the other hand well thats trading at around 20. 00 a barrel thats still the lowest price its traded since the september 11th attacks in 2001. We begin with our White House Correspondent kimberly how could she joins us from washington d
Dose of downgrades today, well find out if any of our traders are touching our stock shares are lower right now as the companys Conference Call is underway well break down any of the big headlines that come out. We begin with an historic collapse in energy prices. Oil falling below zero dollars a barrel for the First Time Ever the main contract tumbling more than 300 to around minus 36 a barrel yes, minus 36 a barrel. The more actively traded june oil contract also falling hard in todays session look at what happened to some of the energy stocks. The etf held up. Are there stocks that are presenting some big opportunities in this crude collapse guy adami, could we be seeing some sort of a sign of a floor for some of these equities wait a second, we dont just go right into the show i think the last time you were request us was probably december 5th or 6th, is that right . Yes here we are december 3rd, were back april 20th, youre not going to say anything. I dont want to speak on behalf
Production next week. Now we dont know which ones are going to be built but we just know for boeing which has had rapid troubles over the past year and a half or so to say nothing of the virus shutdown here, but this is welcome news, certainly for the markets and of course the biggest advance today is Gilead Science drug that is showing promise, or could be effective against the coronavirus, its out there a number of other medical concerns that are also involved in the hunt for a vaccine or a treatment and there are a variety of them out there half a dozen is coming up here and i will explain a little bit later but its what gilead is doing thats getting a lot of attention as we stressed so many times here regardless of the stimulus around the virus, what will really move the markets and connell ly proven to be the case is progress on dealing with and or treating the virus so this gilead news is big news in need, Jackie Deangelis on that and much more. Jackie theres optimism in the mark