Storage is limited amid the coronavirus prices. Oil closing, folks, at the lowest point ever seen since the original Oil Futures Contract began trading back in 1983. The drop is choking the stock market. We are very close to session lows at the moment, with the Dow Jones Industrials down as far as the biggest percentage loss here, 2. 25 or 534 points to the downside. The market action, believe it or not, would actually have been worse if it werent for the fact that we could be just about 72 hours away from another half a trillion dollar infusion from the federal governments financial fire hose, as congress inches closer to a deal to replenish the Small Business loan program. Congressman kevin brady, republican of texas, is the Ranking Member of the house ways and means committee. He is here live and we are going to ask whats going on behind closed doors as best he knows, and whats the plan eventually to pay for all of this spending. We are learning that some of the rescue money went wh
Association of American Railroad president on Railroad Freight and passenger travel during coronavirus. President trump is expected to name a commission on reopening the u. S. As the coronavirus abates. Plans are in place to coordinate reopening. Good morning. Welcome to washington journal. Who should take the lead in the reopening of the u. S. Here are the lines. Mountain and pacific, send us the reporting this morning of the wall street the two groups of governors said they would coordinate efforts to gradually sociald as this is andes distancing. President trump said he had authority on restarting the economy. This comes after a decline in daily infection rates, propped officials to express cautious optimism. The same reporting in the Washington Times. Control of the reopening. West coast box trumps claim of ultimate authority. They are crafting plans for reopening schools and businesses in their state, putting them on a collision course with President Trump. He said he had the ulti
All rolled into one and a quick 7 fall and a trading haul the dow down more than 2,000 points and then right around 1 00 p. M. Eastern time the stocks tried to stage a comeback on the back of the news that the fed will inject 1. 5 trillion back into the market and prevent a fullblown credit crash. The stocks kept falling and we ended the day on the lows and we have a huge show for you tonight. For the host of big names with guggenheims Scott Maynard and john hess. Well get to those in moments, but first, lets get more now on exactly what the fed did and tried to do today with their trillion and a half dollar injection. We are joined by phone by Steve Liesman. Im not on the phone here, brian. I am joined by the Federal Reserve. In the first instance, it extended its purchases to 60 billion across the range of maturity and the fed was buying on the short end and it was going to buy a whole way of maturity and the reason for that is because there was a lot of dislocation and well talk abo
And prescription for hope. When police wouldnt help this local pharmacist decided to solve his sons murder alone but what he did next is even more nibble and may have saved hundred of lives. Well speak with the focus of a new acclaim documentary. But first we begin this morning with todays eye opener, your world in 90 seconds. The democratic establishment is getting nervous and going a little bit nuts. How can we stop bernie nevada voters place their bets on the democratic race. Ill tell you Elizabeth Warren can beat donald trump. This is the United States of america. So take it back. Lets go out there and win this thing and win in november. The russians interfering with our 2020 elections. Intelligence Officials Say the russians are not only trying to help President Trump they are working to help Bernie Sanders. Here we are again. Did you see it . Arent people bored . Back to work monday morning for jurors in the Harvey Weinstein trial. They are dead locked on the two most serious cha
But we start in iran where theres increasing opposition to the regime and activists are looking for allies abroad. Just how do angry citizens voice their opposition in an allstar tarion country like iran believe that for months there have been regular protests against the government in tehran it in turn has often responded with brutal force. Then in early january the u. S. Announced it had killed kasim cillian monny irans top general images of rallies with hundreds of thousands of grief stricken iranians were seen around the world many of them may have attended under pressure from a government keen to present a nation united against america. In response tehran targeted u. S. Military bases and accidentally shot down a ukrainian passenger jet killing all 176. 00 on board and triggering more antigovernment protests within iran many iranians abroad have also long been vocal about their opposition to the regime. In frankfurt at least iranians could enjoy a concert in freedom. There. Irans