You. Lauren you know what . There is a lot going on today, wall street, bottom line, connell is reacting to the reality march is prequel for april and the numbers will get worse. Lets start this morning, retail sales last month, they plummeted the most on record even though stores were actually open in the first half of the month. The National Retail federation expecting more than six million jobs lost. Look at some reaction. Jcpenney now exploring bankruptcy. Best buy furloughing 51,000 workers even as online sales and Curbside Pickup surge there. Amazon up 1 , hitting another record high. This is a sign of the times. Shoppers continue to get what they need from the comfort of their couches. Also wanted to show you guys oil prices. They hit an 18year low. People around the world stay home. Theyre not driving. Oil inventories rising by the most ever last week. Take a look at this. March Industrial Production fell the most since 1946. Measure of factory activity in the epicenter of coro
Major funding for the pbs newshour has bn provided by moving our economy for 160 years. Bnsf, the engine that nnects us. Fidelity investments. Consumer cellular. Financial Services Firm raymond james. Supporting social entrepreneurs and their solutions to the worlds most pressing problems skollfoundation. Org. The lemelson foundation. Committed to improving lives through invention, in the u. S. And developing countries. The web at lemelson. Org. Supported by the john d. And catherine t. Macarthur foundaon. Committed to building a more just, verdant and peaceful world. More information at macfound. Org and with the ongoing support of these institutions this program was made possible by the corporation for public broadcasting. Anbsby contributions to your station from viewers like you. Thank you. Woodruff debate is building at the white house and in state houses tonight, over imposed by covid19. Curbs it comes as the pandemics death rising, and as the economic damage deepens. John yang r
Wish we were together again. So the word unprecedented is getting quite a workout over the past month or so. Jack, it certainly applies to what was happening in the Energy Market over the past week. Right at the start of the week the Energy Markets you know what . Lets get weird. I know you think youve seen weird, but how does 37 sound on a barrel of crude oil . Does that mean i can go to a gas station, theyll pea me to if fill up the car . Thats not what it means. In the futures market, each contract has to do with a specific type of Oil Delivered to a specific place at a specific time, and on april 20th when that may west texas intermediate contract came due, you better have had a pipeline and storage tank willing to accept your oil in oklahoma or you got closed with next to zero liquidity. Most people didnt have it, so so we had prices go sharply negative. Now jack if you have a boat that holds oil, thats a nice thing. Funny you mentioned that because on my street wise podcast for b
Production next week. Now we dont know which ones are going to be built but we just know for boeing which has had rapid troubles over the past year and a half or so to say nothing of the virus shutdown here, but this is welcome news, certainly for the markets and of course the biggest advance today is Gilead Science drug that is showing promise, or could be effective against the coronavirus, its out there a number of other medical concerns that are also involved in the hunt for a vaccine or a treatment and there are a variety of them out there half a dozen is coming up here and i will explain a little bit later but its what gilead is doing thats getting a lot of attention as we stressed so many times here regardless of the stimulus around the virus, what will really move the markets and connell ly proven to be the case is progress on dealing with and or treating the virus so this gilead news is big news in need, Jackie Deangelis on that and much more. Jackie theres optimism in the mark
Over its next attempt to provide billions more in stimulus but what happens if the impasse drags on . The democrats want guarantees that some of the money will go to hospitals stressed by corona victims. Gop congressman Roger Marshall of kansas is a doctor who ran hospitals. Hes going to walk us through the top medical and political issues blocking additional aid. The Million Dollar question both democrats and President Trump are asking, when will president obama officially get his shoulder behind president ial candidate joe biden . We will ask obama confidant robert wolf. Plus grocery chain stores stop n shop teaming up with unlikely partners to protect its customers and staff. First on fox business, stop n shops top dog, gordon reed, on his uber big announcement. Guess whos seen a 1,000 increase in its business . Next year in jerusalem but for now, we are kind of stuck with zoom. Exclusive pictures, i know you are waiting for this, from my zoom passover seder coming up. Less than an