This event. This is an hour and 10 minutes. Hello, everyone. Thank you for joining us here today. This is a very different for meh to a press event and, i think, for most everybody that is going to participate this morning, but we are eager out. Y this [indiscernible] please forgive us. We will keep you on mute during the presentation. [indiscernible] as we go and we will hold the questions to the end. [indiscernible] if you have any questions, please just send her a note and she will call on you during the questionandanswer session. Cannotare audio only and access our chat, please hold to the end and we will do a final call for questions at that time. As you know, our country and the world are grappling with the ongoing coronavirus pandemic. I sincerely hope that you and your loved ones are safe and , that youetting by are practicing social distancing and taking necessary precautions. We do appreciate you taking time for us today to do this event. Im in a rural town in Monroe County i
Begins in a meeting will be held tomorrow between east german premier hans maggio and west german chancellor helmut kohl no nothing when the chancellor arrives at 9 15 in the morning east German Television will be broadcasting live from charleston played up in the days after interesting i knew that reunification was going to happen. One way or another i could see it was what the people wanted order to get a. Good suit you could see their faces on the range of expressions people cheering but also people weeping it was deeply moving. Towards new cyclone saw himself as the victor thats for sure wall. I want to stock up on the there was no stronger way of expressing the will of the people than saying we belong together were going to the flame. Yes we will not abandon our compatriots in the german democratic republic i suspect that was what the people wanted to hear they believed the chancellor they saw him as someone whod gotten a lot done so he get this done to the front white guy and sut
Yields have picked up. Tenyear yield above 5 . That is a significant level. We touched briefly above that for a nanosecond last week. Since then, you have to go back to 2007 when you have seen yields at these levels. 5. 012 for the tenyear yield. By the way, check out energy prices. You will see wti which is off 33 cents. 87. 76. We have merger monday as joe mentioned. Look at what is happening here. Chevron buying hess in the deal of 53 billion. 171 a share. That is a low premium over the Closing Price for hess on friday. Hess shares are up 2. 25 . Chevron down 2. 9 . This deal comes just weeks after exxonmobil made its move to buy pioneer natural resources. Both stocks on the move. Hess ceo john hess will join chevrons board. I just got off the phone with mike wirth. Very low primemium on this. This goes back long before the rumors came out about exxonmobil and pioneer. That deal went through last week. A lot of people thought after the deal, that chevron would look for Something Els