Time we will all receive some type of signal like that from authorities and everything is just going to go back to normal folks thats not going to happen in fact nothing could be further from the truth and ill give you an example the spanish flu of 1800 came in 3 different waves and it changed the world 1st of all it went on for 2 full years it changed how people lived and it also changed the business of health care with governments all over the world realizing it needed to somehow be a little more centralized so im bringing this to your attention today because Gavin Newsome the governor of the biggest state in america has come out to explain for the very 1st time how our lives will change because of the coronavirus this is important stuff right one example he cites get this. Yes we will be able to go out again and to restaurants but only after your temperature is taken before you enter the restaurants just like the people who work there will have to do the waiters will be forced to we
This of course, the saudis are flooding the world with oil right now. The russians, its not clear where the heck they are because theyre very secretive, but i know who is not there, the drivers. Theres very little demand david and i talk about this with you all the time, carl theres this overall sense, you know what, if we just get things moving, things will come back again. We need customers. We need customers to get their hair cut, to go to the dry cleaner, the restaurants, and we need customers on the road without them, i really dont care what president calls who, you need a tariff to keep the to keep the saudi oil from coming here, and you need the chinese to restockpile, and frankly, thats still not going to be enough to be able to make it so oil real demand goes higher good point yeah. Sorry, carl. 6 Million Barrels a day, jim, is what im hearing right now as we still try to adjust. Even know we know each others cadences so well 6 Million Barrels a day here and its not just not j
Flights across the country from body butter to hand sant tieser fighting the medical supply shortage good morning and welcome im Courtney Reagan from nasdaq ma market site. Kicking off with breaking news as stocks are set to surge at the open this does come after the Federal Reserve developed new tools to help stave off an almost certain u. S. Recession dow indicated higher by 865 points, s p by 99 and nasdaq by 320. The virtual qe program, the fed buying more Mortgage Backed securities but say can it with purchase Corporate Bond and Corporate Bond etfs that track the corporate debt market that means buying etfs like the iboxx or van guard the i shares lqe is marginal higher but the vanguard is down. Yesterday, ultimately another rocky day with the dow closing at its lowest level since november 9, 2016 it remains on pace for its worst month since 1931 green arrows across the screen in asia overnight. We have global Team Coverage matt taylor is in singapore, karen tso is in london thank
Footing. If we do get some kind of opecplus deal, that will provide some support in the markets. Guy we are seeing equity markets bid, and it is stuff the market has really fallen out of love with that is catching the biggest bid. The travel and leisure sector, airlines, some of the catering companies, the hotel groups really bid today. Bid, up by 1 . We are anticipating any second now the start of a Video Conference call between eurozone finance ministers. We will get the results of that maybe a little later on. We continue to watch what is happening over at st. Thomas hospital, where the Prime Minister of the United Kingdom is in intensive care. Withrms of what happening yields, going a little higher today. Trading at 37 basis points on the u. K. 10 year. Alix we will say higher maybe in quotes. For more on the impact of the virus, we are joined by kemal shree kumar by cobol shree kumar by hobo three rikumar. S are we seeing some sustained buying ability . Are greatse questions. I th
The russell looking at a 100 point drop. Volume has picked up today. Volume in the dow, s p and nasdaq positive versus yesterday. A little bit more activity in the selling on the first day of the Second Quarter. We have all three Industry Groups down. When you look at the decliners versus advancers, it is in double digits. Romaine on a day like this, anytime we have a big down day, i would like to see who the gainers are, the winners, names like balaton, teledock health. Teledoc a lot of the consumer staples, target, kellogg, moving higher 1 or 2 , kroger up more than 1 . I want to bring back into the conversation jim polson, still with us. Appreciate you being here. Lets move from equities and look more broadly at some of the other Asset Classes. When we look at the treasury market today, i relatively tamped down day come a relatively tamped down day. On the long end, seeing the 30year hold around 1. 27 . When you look at the treasury market, what signal is it telling you . James i th