Corona fund the chancellor hosting italys Prime Minister saying theres still a long way to go to put together an unprecedented recovery fund. And france breaking with tradition this day today with a tribute to Health Care Workers rather than its military president mccraw will make a rare address to the nation laying out his plans to overcome the kind. And in peru out of work and out of options the virus leaves the poorest of the poor struggling just to put food on the table. Im brian thomas good to have you with us today california has announced that it is ordering thousands of businesses to shut down after briefly reopening they include restaurants bars movie theaters across americas most populous state this decision comes amidst a new surge in reported cases across a number of american states large metro areas in california including los angeles and San Francisco are among those affected. Back to square one california shuts down most of its public life for the 2nd time back in march
Reflected sluggish demand and danielle its also worth mentioning that. That Saudi Arabias Energy minister and now its last week that and russia a very close to a deal that would extend production cuts to implemented at the start of the year and thats due to expire at the end of this month and so we. Know our viewers why this. Could happen makes this so important to the World Oil Market when theres obviously has been a lot of recent tension in that region potentially posing a threat to global crude supplies the incident that occurred was near the strait of hormuz and thats the worlds most sensitive or Oil Production choice put chokepoint which roughly 35 percent of the world seaborne crude oil passes the strait of hormuz links golf of all mine and the persian gulf separating oman from its eastern neighbor iran and now although the strait of hormuz is deep enough to handle the biggest tankers out there distrait is only about 21. 00. Miles wide at its narrowest point and one of the scenar
President trump says hes considering sanctions on streamrom ii nord ii. Their handsies get on 5g services. Watch Telecom Stocks at the open. Lawmakers say they wont discuss controversial extradition deal as tensions remain high and hong kong between protesters and police. Matt less than half hour from the start of european trading area look at the trading. Look at the spike of oil, a tanker fire in the gulf of oman leading to a 1. 5 gain. Oil had fallen to a fourmonth low and is bouncing back up on this fire. Futures are down. Dax teachers often little bit or a little bits off more than a quarter of 1 . Looks like a risk off day. Anna the risk off story writ large. We are selling off on stocks, not to an enormous extent. The treasury market is gaining ground. Yields are weaker. We see money going into the yen. Hong kong is weaker once again, tensions still on the radar of investors. More broadly, the concern is around the trade story. President trump lashing out at Angela Merkel in the
10 00. Yes, our 10 00 get, Peter Navarro, looking forward to that as well. First hour, lets get to our road map renewed trade uncertainties, of course, thats what were talking about just now, weighing on stocks. The s p is poised to pull back from that record as the Trump Administration now threatens new tariffs on the eu. And as jim just said, white house trade adviser Peter Navarro will join us, first on cnbc interview. News, news, news, news. It should be. Always enjoy having mr. Navarro. Plus, cook, absurd and dont match with reality apple ceo tim cook blasting reports of tensions with jony ive. We have in nike backlash, the Company Cancels plans for some sneakers a big issue, but some sneakers they were going to put out with an early version of the American Flag you know their Customer Base my father, his workshop, we went there 50 times, across the street, and i just i know the countrys a changed country, but that is kind of a proud art of the philadelphia tradition but hey, you
Volunteers pulling people out of the rubble in syrias biggest city. U. S. Republican candidate donald trump says he is growing more confident of winning his partys presentation nomination after a caucus vote victory in the state of nevada. It follows consecutive wins in New Hampshire and south carolina. Early indications are that marco rubio came second in nevada, but it is not clear if he will be are trumps main challenger with ted cruz a close third. Here is some of what donald trump had to say we werent expected a couple of months ago to win this one. You know that one, right. We werent. Of course, if you listened to the pundits we werent expected to win too much. Now were winning, winning translation winning the country and soon the country is going to start winning, winning, winning. So i want to thank the volunteers. These people work endlessly. Were not going to forget it lets cross over to a visiting professor and an pert will campaigns. When you look at marco rubio and cruz, w