And oil is up to the tune of 25 . The jobless claims rocked the street. We were expecting them to be bad. We were not expecting them to be 6. 6 million bad. Jackie deangelis, jackie. Reporter good afternoon to you, neil. Lets go ahead to start with the tweet from the president that had the dow jones up more than 300 points now. The president said, i spoke to my friend, mbs, crown prince of saudi arabia who spoke with president putin of russia and i expect and hope they will be cutting back approximately 10 Million Barrels and maybe substantially more, which if it happens will be great for the oil and gas industry. The markets are rallying on this, because low oil prices are good for consumers and businesses that use oil. Statement, you dont want the price to be so low that the shale producers go out of business. That the Oil Producers have a hard time, staying, conducting, keeping things going. So prices spiking today, more than 20 is a positive sign that it is all moving in the right
Unfolded, here are some of the highlights from todays news conference. The white house today pledged immediate help for individuals and Small Businesses. This came on a date when we learned that 6. 6 million more americans wild unemployment claims last week. Treasury secretary Steve Mnuchin is said people who have their banks direct deposit information already on file with the irs will get direct payments within two weeks as part of the stimulus bill. Im pleased to report that within two weeks the first payments will be direct deposit into taxpayers accounts. As the president said, he authorized me to say that anybody who has Social Security recipients will not need to file a new tax return and will have that. The secretary said there will be a website for people who dont have direct deposit on file, and they can provide information in order to get their payment. On the medical front President Trump said today that he has again invoked the defense production act to ensure that manufact
Hand sanitizer more because not quite as dry. I can tell the difference. Definitely a great day for Outdoor Activities today and tomorrow and then weve got the mother natures way of sheltering in place this weekend. The breezes are starting to pick up a little bit along the coast. Theyll pick up everywhere near bodies of water this afternoon and a little bit of a difference from yesterday where the breezes were minely confined to the coast. San jose waking up to Clear Conditions than we have the last couple mornings and cooler at 44. All of us are cooler 36 to 46 is our temperature spread this morning and mid to upper 50s at the coast while the rest of us hit the mid to upper 60s. More on that rain coming up, reggie, ku masi. The fight against the Coronavirus Impact and the impact its having on our economy. This morning stock feeutures ar down. According to the Labor Department, 6. 6 Million People filed for unemployment last week. That is double the week before. Now, that report just
At us, we are at number four. The president , the Speaker Pelosi and treasury secretary mnuchin, they are all on board with a grand infrastructure plan. Leader mcconnell says hold back for now, but it sure looks like a lot more spending is in the works. After all, we are all big spenders now, arent we . Look at the markets. Responding to the jobless numbers and the possibility of more stimulus. The dow looks like it could eke out a small gain of maybe 70. Nasdaq up 17. S p up maybe 10. A fractional gain for stocks despite that jobless number. Look at the price of oil. Up sharply today. The president wants a deal with the russians and saudis and he will meet with Oil Company Executives tomorrow. The oil price this morning is up to, okay, up to just 22 a barrel. Got it. But its higher by 9 . The price of gasoline, look at this, keeps coming down. 1. 97. Thats the national average. In oklahoma, hard to believe, its all the way down to an average of 1. 51. Thats oklahoma. On the program to
For disinfecting toothbrushes, shoes, and other places where you do not want to use chlorine or columbus, ohioto where the governor is about to brief reporters on the coronavirus. With a Probate Technology toized continue the course work bring a family together. Up this morning for the first time as an official family following the adoption of their son james. They used to this, zoom technology. They were able to finalize the process, consummating the adoption and working with the court. Nd probate what is special about this is their family from all across the state was able to witness this. Congratulations. That is pretty neat. Congratulations to the family and the judge as well. Want to talk for a moment about Hospital Capacity and what we are doing to bring you an update and we will just update you every several days as we move forward. This is one of the things we have to do to get ready for the search. We are in the process of building up capacity with medical personnel the same w