Experts like to see but for most of the 14 days that has been the case. He did posit in these remarks to reporters we dont want to make the same flu mistake made in some parts of this country more than a century ago where parts were reopening a little early and things got worse and the flu hit all over again, in fact worse than the first go round. Were following that. Following what happens to airline stocks, taking it on the chin as one of the most biggest, prized investors says im out of here. These things dont look promising. Jackie deangelis with latest on the wall street front and how it is all connecting to the main street front. Reporter well talk with roche. Talking about a new Antibody Test approved by the fda to be used in the United States. The ceo of roche said this test is 99. 8 effective. You and i discussed the Antibody Testing how that will help get people back to work. The ceo of roche was on fox business this morning with maria bartiromo. He says there is high likelih
Blake burman as usual following latest from the administration. Well get Lauren Simonetti on the markets as well. Edward lawrence reporting on Small Business from washington. But blake, we start with you. Reporter hi, there, connell, after initially canceling the 5 00 Coronavirus Task force briefing earlier today as the white house did, they put back on the schedule a News Conference with president of the United States in the rose garden next hour to unveil the new testing guide lines that the white house says will be in place come may and june. The white house says that they will be giving all 50 governors everything they need to test at least 2 of that states population. The guidelines call, for example, the acceleration of the research and development of diagnostic tests, the development of Rapid Response programs, the federal government acting as supplier of last resort for the states, implementation of what they say would be a vast monitoring system. Along with Antibody Tests to h
In demand for oil. Francine it is amazing. F you look at the price he was gloomy and said this was serious. Interesting is that all of his modeling shows there will not be enough Storage Capacity because demand will fall so much. It is based on every country not cheating. If a country needs to balance its books you might open the taps a little bit even if the price of oil is low because you need the export revenue, but that may make things worse. I think thats what he was trying to convey to us. Tom no question about that with oil. Jonathan ferro was talking yesterday about the global contraction in oil. In new york city here is viviana. Report on the impact of coronavirus on the oil market. This year oil demand will plunge by a record of 9 . The executive Director Director on surveillance moments ago. This will for efforts by the opecplus coalition to contain the rush of crude. Shrink byill almost a third. Toald trump halting payments the World Health Organization, he blames them for
Money away for loan loss reserves. Alison Williams Joins me now. What were some of your takeaways. [no audio] actually, we are still working on her audio, so lets go to Annmarie Hordern first. Part of what we heard was from fatih birol of the iea talking about how bad demand would be, despite any production deal. Annmarie some seriously drastic headlines out of the iea. The other part is what they are talking about what this means for storage. It is testing the logistic capacity to the limit. On the demand side, they see april serious demand destruction, down 29 Million Barrels a day. For the year, what that means is 9. 3 Million Barrels a day, the worst we have ever seen on record in terms of demand. What the opec cuts probably did was maybe pull us back a little bit from the brink, but not doing that much. You can see that with what is talking about in storage. They say that could be exhausted by the middle of the year. All of this putting downward pressure on the future prices. Wti
Lighten up in a bid to get people back to work. The concern here and why these indices are in the red is what if that brings about a surge in the case count. Lets look at what is happening in the broader asian markets outside of china. You can see the asiapacific index excluding japan. Japan is on hold today. Also in the red. S p, futures looking ahead. Under pressure on worries about what suppliers will be doing to supply chains. A lot of them are in south korea and that is now the focal point for the coronavirus outside of china. I want to bring to your attention at the top of the screen, the malaysia stock index. Some political turmoil, news coming out of the Prime Ministers office. Really weighing on malaysian equities, down to the lowest point since 2015. I want to bring your attention to the currency markets. Also want to point attention to the aussie dollar versus the yen. That is not just the currency to watch in asia, but the broader risk barometer. The aussie dollar can be a