You are watching cnbc. Good morning, good afternoon or good evening from wherever in the world youre watching. Im Brian Sullivan im glad to be with you during this troubled and turbulent times. Coming off friday 700point game gain for the dow futures are lower, indicating a drop of about 200 points for the dow, slightly less for the nasdaq 100 your big story right now is the price of oil and a new week bringing the same old story prices, they are falling in a big way. The may contract right now at an incredible 14 and change per barrel now down 22 overnight. The may contract, keep in mind, does expire tomorrow its also important to look at other contracts. Primarily the june or july contracts for oil. They are slightly less dire. The june contract at about 23 bucks. The problem with oil is very simple there is so much oil being produced around the world and so little demand right now for gasoline or jet fuel that unneeded and unused oil is simply piling up everywhere. Many storage tank
Today were seeing that loosen up. We really see a world where the founder was my guest a few there are managed liquidity or weeks ago. The companys stock priced at 39 cash programs. Companies need to manage that. Above expectation and rose we think that technology and global relationships help them steadily throughout the day. Manage that. Silicon Valley Companies are for a company like peloton marching toward ipo even as we before it files to go public, worry about the days ahead. When we hear theyre about to go public, its because katie roof we have the ceo of forge, which wrote about it in the wall allows employees of private companies to sell shares before street journal. The company goes public. But youve got access to data in these companies, buying, and selling and pricing. Is there some sort of lets start with this idea of information in what youre able these companies that are not yet public that are so big. To see doesnt have to be give me a list. Peloton, in any company in w
Downward to gather but weve got a lot more to do to keep that progress going to get to the point where we might be able to ease some of the restrictions to encourage everyone to Work Together and this. Is the problem of the Justice System it is much more than that. Also coming up its spreading and its dangerous im talking about fake news and faults information about the. Moment there was a belief that eating would be able to get rid of the virus people started to say that you should start taking a drinking mortar and thats going to help you kill the virus so they prescribe the drug. Big effect and that was completely false information. Going to our viewers on p. B. S. In the United States and all around the world welcome we begin the day with a question if you observed it how was your easter weekend we now know what a major holiday looks like in the shutdown lockdown coronavirus world we live in at the moment there was silence from San Francisco dissolves burg on sunday and an easy a n
Well debate that today with Investment Committee bob dimond is here with us today. So is jeffrey curry. He will tell us where oil is likely heading next. Lets welcome in the Investment Committee. Joe is here. We said bob dimond is here the former ceo of barclays bob its great to have your insights today into the collective mix. Your money is on another wild ride you tell me. The dow hasnt gone up two days in a row for more than a month we had a thousands point gain which is 145 points. What does it tell you about whats happening i tweeted out last night been consistent i said sell the rally. I think you continue to sell rallies. Until we see the coronavirus cases peaking in the u. S. , i dont believe were going to see the bottom of the market the market may be discounted by a bit. Here is how i look at it in a very basic sense 2019 were about 30 based upon the thought were going to have a return to growth five quarters of Earnings Growth since we didnt get that and theres doubt as to w
A 4th batch of internal documents from the International Chemical weapons watchdog on an alleged chlorine attack in the syrian city of duma last year shadi edwards daschle has the story. So what he makes has released its latest cache from the o. P. C. Dubey on the alleged chemical attack in duma in april 28th now this 4th backs of documents present some inconsistency is within the probe one of which suggests that o. P. C. W. Members met with toxicologists to decipher whether or not there was a connection between symptoms of the alleged victims and the chlorine exposure well the experts in the field concluded that there was no correlation but that conclusion was admitted from the final report with respect to the consistency of the observed and reported symptoms of the alleged victims with possible exposure to chlorine gas similar the experts were conclusive in those statements but there was no correlation between symptoms and color and exposure while another document in question is main