Well get you a list. The oil meeting previously, the u. S. Linked to cut Domestic Oil Production . What came out of the meeting . A lot of things came out. Its a great industry, its a tremendous job producing industry. It is vital. It was also interesting because they all given the test before they came into the room. You have the head of all these guys taking tests and they all passed with flying colors. It was good. They left happy in that respect. Its an overabundance of oil right now. Oil and gas, tremendous overabundance. It was caused, they were producing a lot of energy but then you had the virus come along and it knocked another 35 , maybe 40 off the market. So if theres too much oil, and these are Great Companies and theyll figure it out. Well figure it out. You spoke to president puti putin they were having a competition from well see how it works out. I think its going to work out very well. Its going to take a long time to get rid of that, theres massive excess amount of oi
We will bring you those numbers as soon as they get the hit. They may very well impact markets. We will look ahead to jobs number coming up. Job losses could hit 47 million and Unemployment Rate could surge to 32 . Jim bullard is here later this morning, more on jobs, action by the Federal Reserve and what if any rebound we can expect from the crisis. Interview coming up at 7 00. President Trump Pushes Congress to pass 2 trilliondollar infrastructure bill now to help boost the economy along the road to recovery. The president says the bill willing very big and bold. Meanwhile this, the death toll in new york city has surpassed 1,000, mayor bill de blasio joining the call for help as more makeshift hospitals are created. This as more states go on lockdown this morning, mornings with maria is live right now. We want to check Global Market s. Dax index in germany lower by 277. Factory activity in italy contracting at the fastest rate in 11 years. 40. 3 and french factory activity calling
From the white house, Lauren Simonetti on markets and. Lauren with, dow down 1000 points we start with you. Lauren good news t was off the lows of the session. This is ugly. What a way to start off the new month and new quarter. The dow down 973 points. Broad selloff. President said it would be tough new weeks. Number of Coronavirus Infections in the utz top 200,000. If investors were spooked they got more spooked. Boeing, American Express by the way leading the losses on the dow today. Setting the tone this morning was the private employment number. You know what . It is an old number. It only counted half of march before the lockdowns in states throughout the country. That was a negative number. It sets us up for what well see tomorrow morning, Unemployment Benefits. Those numbers, Goldman Sachs is saying we could see 5. 5 Million People file for first time Unemployment Benefits tomorrow. Five 1 2 million on top of 3. 3 million we saw the week before. So that is an ugly part of the s
Fractional moves overnight in asia. And now the latest on the coronavirus this morning. 1 Million People have now become infected. The United States is representing nearly a quarter of the world cases and the cdc is expected to advice all of americans now to wear cloth masks in public to stop the spread of the virus. Vice president mike pence saying that the new guidelines are coming in the next few days, this on top of social distancing rules. The Coronavirus Task force keeping close eye on louisiana, michigan, indiana, georgia and illinois as next potential coronavirus hot spot. In louisiana 26 of all tests are coming back positive. Connecticut being watched closely this morning. Covid19 fears growing abroad stranded crew ship. Princess cruise ship headed to florida today with several infected passengers, comes as a crew member dies on the celebrity infinity ship sitting off the coast of st. Petersburg this morning. Cruises finally dock at port everglades. Passengers will remain on b
Mornings on 2 i am dave clark. Uss Theodore Roosevelt to stop good morning im pam cook the spread of covid 19 on board. A pentagon official says he friday, april 3, it has been a wasnt removed because of his letter but rather from allowing the complexity of this long week as we make more challenge with the outbreak on adjustments and Steve Paulson i the ship to overwhelm his would normally ability to act drive is like up to tahoe because there is a lot of new professionally. It devastated extremely poor judgment in the snow but cannot do that yet it middle of the crisis. Navy is good for the water supply officials called the captain an looks like a good snow event honorable man but they say that for them and we will get rain, starting tomorrow continuing twos to me people were sunday into monday but they can included on the letter and it caused panic on the ship and so far more than 100 sailors have measure this 3 to 4 feet by tested positive for the virus and most of the ships crew of