About how his company is positioned. And speaking of 5g, the chip industry stands to benefit from it all i talk to a guest on everything from trade to more. First, Steve Mnuchin downplayed the chances of a stimulus deal before the election. Lets get the latest on Market Movers with abigail doolittle. Emily it was another topsyturvy day and officially a bearish reversal third stocks open higher prior to Steve Mnuchin getting those comments around stimulus target to reverse lower. Once those comments were out, a stronger leg down to investors a little unnerved by the idea stimulus may not get done the election but there are nuances suggesting maybe some of the skinny deals will get done. 7 the500 is down nasdaq down. 8 . The data transport really helped out by the airline. Perhaps again on hopes around the idea that some sort of deal for the airlines could come through even though some sides are saying that cannot happen. Crude oil also happening so you could bring in the idea of a reope
If you look at it, it is more of a financial thing than an Oil Situation. Airlines stock go into descent. Problems for peugeot expecting to see the european car market shrink this year. Lse outperforms. Also reaffirming the final dividend and will complete the 37 billion refinitiv deal in the second half. President trump issues an executive order suspending all immigration into the United States to, quote, fight the invisible pandemic and to save american jobs. Well documecome to street. Lets get to the top stories of the today, which is energy markets. U. S. Crude turns negative for the First Time Ever. Siting the strain on storage looking at minus 2. 08 falling 30 , yesterday settling over minus 37 a barrel. That means producers would pay traders to take oil off their hands. Amid widespread lockdowns amid an output cut among opec have not yet taken effect uta trading around 20 a barrel. Clearly holding out much better than the may contract. Big questions remain over whether we could
Doctors and nurses are working nonstop citizens and churches are delivering meals to the needy. Truckers are making the long haul to keep shelves stocked weave been dealing with the big stores and the big chains. Walmart have been fantastic and others we made it much eaie easier to k the am of have yoount of volumee doing is unprecedented they are buying in slightly smaller quantities were not going anywhere were going to be here americans from every walk of life is skomi ingcoming togethe. Were going to win this war. America will triumph and america will rise higher than ever before we have learned a lot. We have learned a lot. We have learned a lot about relying on other countries and i can say that i think in a very good and a very bad way. Some good things came out of it and some not so good things came out of it. Id like to move to invite our team to provide nfginformation n the new measures to prevent viral spread ill ask secretary of state pompeo to speak. Hes doing the other mo
Vice president of the americas Vice President at cisco. [applause] i was wondering if you would applaud so thank you for that. Good afternoon. Our purpose is to power and inclusive future for all. A Technology Based Solutions Drive the ability to address critical challenges and communities, power hybrid work, transform infrastructure and cities you to secure the networks that run it all to ensure they can be deployed it takes forward thinking policies that foster innovation and emerging digital technologies. No matter how remote with the networks that bind to the the se channels of communications openness and competition or a world where ai propels us forward and does so responsibly they emerge as foundational pillars shaping our society, economy and governance. To fulfill the potential of this moment right to size investments in government policy and Research Innovation security and procurement should lead the way. At the heart of this critical discourse is the federal Communications
Vice president of the americas Vice President at cisco. [applause] i was wondering if you would applaud so thank you for that. Good afternoon. Our purpose is to power and inclusive future for all. A Technology Based Solutions Drive the ability to address critical challenges and communities, power hybrid work, transform infrastructure and cities you to secure the networks that run it all to ensure they can be deployed it takes forward thinking policies that foster innovation and emerging digital technologies. No matter how remote with the networks that bind to the the se channels of communications openness and competition or a world where ai propels us forward and does so responsibly they emerge as foundational pillars shaping our society, economy and governance. To fulfill the potential of this moment right to size investments in government policy and Research Innovation security and procurement should lead the way. At the heart of this critical discourse is the federal Communications