Of the Oil Companies hire today. Out, it isto pointed holding onto most of its gains of the last few sessions, trading at 1729. Guy you bring up the fact it is friday. Friday is generally not good for these equity markets. European stocks are lower. We are tracking lower as we speak. We have the trouble another shifter the travel and leisure sector seeing some downside in the european markets today. We are down by 0. 7s present i 0. 7 . We are also seeing a bid today for btp yields. Weve got a rating review from s p coming up, plus the story surrounding where europe goes next in terms of the recovery funding. Pretty and conclusive that front. With got a 1. 90 yield btps coming in, so the periphery looking a little better today. Crude up by 2. 3 . Vonnie lets get some context for all of this economic data. Mckee,joined by Michael Bloomberg International Economics and policy correspondent. What is useful in the data weve got today . Michael well, im not really sure. The confidence number
Fight the virus. This as deaths in the u. S. Surge past 50,000. The numbers are Getting Better in spain and italy but seem to be getting worse in places like russia and germany. The World Health Organization also forming an International Alliance to ensure that vaccines and treatments are distributed fairly. We are just ahead of a big week in earnings. I want to bring in taylor riggs. Sammys buoying the markets. What were you watching . Taylor exact reversal of yesterday. Outperformance within the tech sector but we are still lower for the week. We are waiting a bunch of being earnings coming next week. We got some chipmakers reporting this week. I will also talk about crude. Monday and tuesday, you had crude go below zero for the first time ever. Some of the losses we saw on monday and tuesday, even though the Energy Market rebounded, not enough to offset the big losses in crude. Contract still on pace for their worst week ever. You are starting to see some of that pessimism. Pandemic
Pandemic, members of the House Appropriations subcommittee and on capitol hill to look at the virus. The hearing included testimony from former cdc director tom frieden and caitlin rivers from the Johns Hopkins center for Health Security. This is 2. 5 hours. The hearing will come to order. Welcome to thend labor, health, and Human Services and education appropriations subcommittee. Todays hearing is on the nations ongoing response to the coronavirus. On thether supplemental package, it has been bipartisan. Let me commend my colleagues on both sides of the aisle clouding my friend and Ranking Member. Before i begin, i want to extend a very warm welcome to our witnesses, dr. Tom frieden, president and ceo of resolve to save lives and former director of the centers for Disease Control and prevention, the cdc. From 2000 92016. Dr. Caitlin rivers, featured scholar at the Johns Hopkins center for Health Security and assistant professor in the department of Environmental Health and engineerin
Money away for loan loss reserves. Alison Williams Joins me now. What were some of your takeaways. [no audio] actually, we are still working on her audio, so lets go to Annmarie Hordern first. Part of what we heard was from fatih birol of the iea talking about how bad demand would be, despite any production deal. Annmarie some seriously drastic headlines out of the iea. The other part is what they are talking about what this means for storage. It is testing the logistic capacity to the limit. On the demand side, they see april serious demand destruction, down 29 Million Barrels a day. For the year, what that means is 9. 3 Million Barrels a day, the worst we have ever seen on record in terms of demand. What the opec cuts probably did was maybe pull us back a little bit from the brink, but not doing that much. You can see that with what is talking about in storage. They say that could be exhausted by the middle of the year. All of this putting downward pressure on the future prices. Wti
Antibody tests. Good morning, good evening at everyone. I hope you are safe at home. Our thoughts are with you, and together we are stronger. Yesterday, or two days ago, we had that huge swing, that huge impact that we saw with negative prices on wti. It is now filtering through the brent. We are nowhere near negatives, but if you look at the price action, it has been pretty brutal over the last 24 hours. Selling pressures definitely intensifying. Wti downok at brent, more than 4 . Lets get to bloomberg first word news in new york city with viviana hurtado. Viviana hi, francine. Here in the u. S. , finding a new pandemic relief package totaling 40 484 billion, including some for the paycheck protection program, to help Small Businesses keep workers on the payroll. The money will also go towa rd coronavirus testing. Donald trump says he will suspend illegal immigration to the u. S. For at least two months to help americans out of work because of coronavirus crisis. The president says it