555 dow points. Ahead on todays show, were going to dive into this plunge in oil prices, what it means for the u. S. Economy and jobs to the financial losses reverberating through the market right now plus we will speak with illinois governor j. B. Pritzker and former commerce secretary Penny Pritzker, his sister, about illinoiss battle against the coronavirus and the race for more protective gear and testing. Lets focus in on the big stories were watching with 58 minutes left of trading. Brian sul vab focusing on crude oil collapse, mike santoli will tie that in with broad movements were seeing today latest on the snag on government funding. Brian, first to you on this unprecedented move in oil. A day for the history books. It is a day for the history books. Ending a futures contract in negative 30 or what it was. Sara and wolf, it doesnt make sense as i talked about in power lunch as well. We started the day around 10. We continued to fall now negative 30 these are contracts. Negativ
Talk as to whether the lockdown will be in place or lifted. More weeks of lockdown. Us, edward stay with morse and David Rosenberg. Aviana Boris Johnson spent third night in intensive care. His condition is improving. The National Picture has turned bleecker. Over a 24 hour period, 938 people died of coronavirus. It is likely a nationwide lockdown will bes is extended for weeks. Spain and italy are on the verge of extending their national lockdowns, expected to push their state of emergencies until april. In the United States, donald is helping coming up with medical criteria to reopen the economy, medical and political advisors kept out of a meeting. House is giving considerations to Health Considerations over economic ones. Oil producers are getting closer to cut output, opec leaders holding a virtual meeting. A reduction could total 10 Million Barrels a day. Global news 24 hours a day, on air and quicktake on twitter, powered by more than 2700 journalists and analysts in more than 1
A little bit of euro area pmi figure. Little more than expected that is getting a little bit of a list to europe. The stoxx 600, little bit down. Maybe a little bit of angst about what is happening in the u. S. Tax reform. We were expected to have news yesterday. The vote has been delayed to this morning. Im looking at dollar index. That is a tax reform story. Any moves on the asset classes. Coming up, i am excited about talking markets. , he is at Goldman Sachs. Durlacher is the international ceo of julius baer. We will speak to Woody Johnson. Lets get to Bloomberg Business flash with nejra cehic. Nejra in the u. S. , the white house is weighing a plan to replace Rex Tillerson with mike pompeo. That is according to three of ministers and officials amid frustrations with the top diplomats so place just slow pace of hiring. Slow pace of hiring. U. S. Diplomats have trapped plans for donald trump to make a trip to britain in january. The president had been penciled in for a working visit
Its the last attempt to get a lifeline and keep greece in the euro. German chancellor Angela Merkel says time is running out. Angela weve shown much solidarity with greece. Our last offer was very generous. In these time of challenges be it refugees or terrorism, europe can only keep strong and stand together if every country asumets responsibilities. Vonny they have to decide whether they can cooperate with cyprus and walked out of talks and called the referendum. Theyre trying to prop up the falling stock markets. Foreign investors are selling shares at shanghai listed stocks at a record pace. Vonnie obama warns it will take time and went for a briefing with the top military commander and called the fight against the Islamic State a generational struggle. President obama this will not be quick as a longterm campaign. Isil is opportunistic and it is nimble and many places in syria and iraq including urban areas, its dug in among innocent civilian populations. It will take time to root
Precheck profits though felt a bit short. Short. About 5 million that is because of commodities such as steel and engineering costs. We will be talking with bob shanks, the cfo, and about 29 minutes time. Alix the stock seeing a nice move in premarket. Coming up, we will have home sales. Then, we have the weekly crude inventory report. At 1 00 come at the u. S. Treasury will sell fiveyear notes. Yesterday, the twoyear was solid. What will be fiveyear be . Bloomberg will have special Coverage Later today. David the senate voted yesterday to move health care forward. This is despite the fact that there does not yet seem to be majority for any particular approach. We are joined by craig gordon, our executive editor of washington knows news. Rama. S about votea we could have dozens of amendments thrown out on the floor for people to take a vote on. Mitch mcconnell, it is like target practice. He is trying to figure out where he can get votes. What things are popular, and what things are no