Demand. Ryan, it is always a pleasure to talk to you. It was long in coming. Everyone asking, what are you going to buy . Tell us how you came up with this deal. It is great to be with you again today. We have been talking about the need for consolidation in business for quite some time. We need to put a Value Proposition together that offers investors a different way to think. We have done this with a transformative acquisition with concho resources. This brings in a bunch of lowcost supply resources government 23 billion barrels into the company. It is about a super strong Balance Sheet to manage the volatility we have seen in this business. It is about how you allocate capital for value, not for growth. It is distributions we were going to give back to the shareholder. It is about having a sustainable business. The deal takes an Energy Transition that we know is coming for our planet. Alix can you give us insight into how competitive it was . If you look at the Shell Companies that
When it comes to coronavirus cases we here in the United States we are clearly in a league of our own. Take a look at this chart see that chart right there what it does is it compares the caseload thats the red line in the United States to the blue line in europe and i want to show you a couple of things theres the peak for europe you see that right there thats when they started to take some measures to try and create lockdowns for example ours came here in the United States just a little bit afterward whats fascinating is as their measures went down you can see that they pretty much broke the curve right they even the curve and it continues all the way to this day because theyre at 4000 a day in europe and its just now right here that theyre starting to finally make decisions to open things up again we here in the United States did things differently for example right there toward the end of april the beginning of may thats where texas and florida and acted their lock downs but both i
Times listen to this 5 times out of the last 9 days in fact its safe to say that when it comes to coronavirus cases we here in the United States we are clearly in a league of our own take a look at this chart see that chart right there what it does is it compares the caseload thats the red line in the United States to the blue line in europe and i want to show you a couple of things theres the peak for europe you see that right there thats when they started to take some measures to try and create lockdowns for example ours came here in the United States just a little bit after word whats fascinating is as theyre measures went down you can see that they pretty much broke the curve right they even the curve and it continues all the way to this day because theyre at 4000 a day in europe and its just now right here that theyre starting to finally make decisions to open things up again we here in the United States did things differently for example right. Theyre toward the end of april the
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
A deal to cut production iran says its exempt from the agreement along with libya and venezuela. A 2 week cease fire comes into effect in yemen but the heathy say they wont stop fighting while the country is still under siege. And hundreds of millions of children desperately needing food we look at the difficulties for aid agencies during the coronavirus crisis. So that the damage to the worlds biggest economy from the current of our shutdown is really hitting home in the past week another 6600000 people in the United States have joined the jobless queue and that means nearly 17000000 americans have now filed for Unemployment Benefits in just 3 weeks that figure is around one in 10 workers White House Correspondent can be help it says there are fears the figures could be even worse. Nothing like this scene in modern history and it is expected to be more because heres the reality the states unemployment offices are overwhelmed they cannot keep up with the processing of claims so weve ha