Friday and more next monday. These are tough decisions. No doubt. A historic drp the price of oil went negative for the first time ever. Gas prices dropped toless than a dollar in 13 states. Good evening. California however has some of the most expensive gas in the nation. What can drivers expect to see the next time they go to the pump . We have answers. Live in san jose with the story. Today brought a price plunge like fwhefr seen. When it comes to crude oil. It was trading for about 60 a barrel. Today below 0. Crude Oil Prices Plunge below for the first time in history. Covid19 is people lg inside. Nobody needs oil. And theres no place to store everything produced. We have never navigated Something Like this before. Its tough to keep an idea of whats going on. Head of false at gas buddy. Its not unusual to see volatility in prices. But nothing like this. Fortunately the june contract f0 a barrel. The bounce back doesnt mean were in the clear. Its necessary to worry if there isnt a m
Find great offers and value, today, at xfinity. Com im meteorologist from my backyard. Well lose the cool front today and gain warmth. How warm coming up. 420 prepandemic compared to now. How coronavirus is changing the cannabis industry. Oil prices turn negative for the first time ever. What can yu expect the next time you pump gas. Thieves arent just coming after whats inside. Theyre now stealing tires. President trump says he will temporarily suspend immigration into the United States because of the coronavirus. He sent the message by twitter. Governor nuch says california will not ease the shelters in but counties can ease restrictions as long as they obey the state order. 420 wasnt the same. Normally thousands gather to celebrate. This year it was empty. After the city vowed to crack down because of covid19. Georgia governor plans to partially reopen this week. Many businesses will open on friday and more next monday. These are tough decisions. No doubt. A historic drp the price o
Demand. Ng server taking a look at the csx 300, up three tens of 1 . China unicom out with numbers. It shrank in the First Quarter. Page, take ap the look at where oil is. From the uglylly selloff to below zero. Futures in new york rising. Climbing after falling to a 21 year yield. The old story is about Global Demand shock. About two unveil a supplement fiscal package after the economy suffered its worst contraction since the financial crisis in the First Quarter. Fiscal stimulus our next guest says for skill stimulus plans are ineffective. Turning us now is jim walker. Joining us now is jim walker. Good morning. You say it is about businesses. Jim exactly. Type ofa very different crisis from the ones we have seen under the past where recessions and even the asian crisis you could take as being a downturn in demand. This is really a government mandated cessation of business. While governments are forcing businesses to lucked out and people to stay at home, basically, it is incumbent o
Underperforms. U. S. Energy tells cnbc he thinks the worst has passed i think with the rest of this conversation with opec was sim simply to do that. A bailout of the air sector fails to lift. Banks also underperform after jp morgan and wells fargo see their bottom lines hit the imf warns the Global Economy is facing the worst down turn saying at least the Financial System is in Better Health than it was in the 1930s. On the economic front, it makes a big difference there are lenders of last resort they are able to come in and show sufficient liquidity and play a major role in supporting funds and households we have an Important Oil report just crossing let me walk you through the latest it has said Global Oil Demand will fall by a record breaking amount because of the lockdowns due to covid19. It has brought mobility almost to a halt. Crude will drop an average of 9. 3 Million Barrels a day in 2020 that is a record demapped in april will fall by 29 Million Barrels a day to a level not
A long political stalemate in israel the Prime Minister signs a deal to form a unity government with the former opponent. We stand with you and we grieve if you. Canadas Prime Minister pays tribute to those who died in the countrys worst mass shooting as the death toll rises to 18. The World Health Organization is warning countries against loosening coronavirus long down restrictions that as governments in europe begin easing social isolation measures germany has reopened some shops and schools Nursery Schools in norway are also reopening to the Czech Republic denmark poland also lifting the shutters on some businesses but European Union Health Experts are warning the battle is fast. Over with infections nearing 1000000. 00 well india has partially lifted its lockdown allowing agriculture manufacturing and construction to resume that says the country reported its highest single day increase in new infections well Health Organization is caution countries the easing of what downs worldwi