Losses early in the session after the ceo of russias Sovereign Wealth Fund told cnbc and moscow and saudi arabia are very close to an oil deal. Wti and brent are both coming off their best week on record. Not recent records on records ever all the way back to 1983 when they started tracking wti last week wti was up by 31. 7 . Up by 12 on friday alone. A meeting of Major Oil Producing Countries was delayed but still expected later this week that news just being told to cnbc that it looks like they are close to a deal. Andrew, ill send it over to you. Meantime, the latest on the pandemic the number of confirmed cases worldwide now totaling more than 1. 2 million. More than 330,000 of those are right here in the United States and more than a third of the u. S. Cases are in new york state. The death toll in america standing at more than 9600 overseas, british Prime Minister Boris Johnson was admitted to a hospital for tests a spokesman called it a precautionary test the Prime Minister test
Lauren simonetti watching the markets. Edward lawrence also in d. C. , and Jackie Deangelis in new york, but on the markets, lauren, we start with you. Lauren what a day, right . Oil saw the biggest gain one day ever, up 25 . Closing just over 25 a barrel. Energy stocks rising in a big way. What happened . The president said russia and saudi arabia appeared close to a supply cut, taking oil off the market. We dont know if that will happen, if they actually agree to it or how much they will take off the market and where exactly they will put all of that crude because think about it, were not using very much right now. So supply is certainly out there. Anyway, great day for the price of oil. And with that, some of the big Energy Stocks as well. The oil news helped investors brush aside the news we got an hour before the market opened this morning. That showed last week 6. 6 million americans filed for first time unemployment insurance. 6. 6 million. If you add that to the week before, we
Being reported in the countrys financial and Business Capital of milan Major International events such as milans fashion week are scaled back all cancelled outright schools and universities are closed and passengers on International Trains out of milan are being tested for the virus the epicenter of the outbreak is lumbered the authorities there have put several towns under quarantine affecting some 50000. 00 people stocks in milan and in front for chits 3 percent and the latest coronavirus p s. A some Silver Lining on the business horizon comes from germany 0 institute the latest Business Climate index for february came in at 96 point one percent thats better than expected and for more im joined now by professor t. Mo of almost was a senior economist at the center for macro economics and service good to have you with us please tell me how is this better than expected business and cement fit in with the current coronavirus. Yeah thats true it was a bit of surprise this morning when we
Be fairly intense before today the numbers recover into the low 60s. Not too bad. Id dont know if thats true of the drive this morning. It actually looks pretty good on the roadways. Not bad at all. If you are out and about early look at the travel times. The only thing we are seeing in the yellow is to the ultimate pass. 31 minutes from 205 to 680. East shore freeway in the green, highway 4 and 101 out of the south bay no delays right now. Taking a look at 880, the nimitz freeway, if you have an early flight at Oakland Airport you should be good to go with no delays right now and traffic is clear pass the coliseum. Southbound clear from here all the way to fremont. In fact heres an overview of the bay area. We are seeing lots of green. Just like we like you. Im anne makovec from the live news desk and we are following some breaking news for a man was shot and killed early this morning. The investigation is now underway. A matterhorn drive, this man was shot at least once the police go
Failure as we outline in the report, not just by those who prepared the applications, but also by the managers and supervisors in the crossfire hurricane chain of command, including fbi senior officials, who were briefed as the investigation progressed. Paul michael mulkasi served at the 81 attorney general of the United States. You supervised the fbi as ag. Is this kind of behavior tolerable, if your view . No, it is not tolerable and should not have been tolerated. The number of misdeeds here is so enormous that its hard to know where to begin. It really flooded the zone. But whats clear is that they felt people the failures were on the senior level. Usually you rely on seniors to keep rogue agents in check. Here it was the seniors that went rogue and the evidence in the report and statements in this report that the most senior, jim comey, was aware certainly at the time that these wiretaps on page were renewed that there was information that undercut the accuracy of what was in the