Demand for fuel continues to collapse. U. S. Futures dropping below 20 a barrel. Bridgewater associates says the pandemic is more damaging than the financial crisis i decade ago. We hear from the cochairman, ray dalio, this hour. Shery here is how markets are trading at the moment. We are seeing stocks continue to gain ground for the third session. We continue to see Downside Pressure for u. S. Futures, which are down 0. 7 . Really accelerating those losses this evening. This after the s p 500 already sank from a onemonth high. We have seen earnings, Economic Data highlighting the impact of the coronavirus pandemic. Nikkei futures down 0. 4 . As we continue to see an appreciation in the japanese yen, which is now at a two week strength against the u. S. Dollar. When it comes to crude, prices rebounding a little bit after plunging to the lowest level in two decades after the record collapse in u. S. Fuel demand. In his daily coronavirus briefing, President Trump saying there are positiv
Today. And south korea, the Ruling Party Wins the election. Oil sits near an 80 year low amid a record collapsing u. S. Fuel demand. The trump is said to consider paying them to leave oil in the ground. We start this morning with a little bit of shaky ground. A reality check. For me, its about the bond market. You saw that drop in yields yesterday by 13 basis points. Its crazy to hold bonds. I turned to blackrock. I like what rick writer is saying. Basically, we will follow the fed. By bonds, etfs. What caught my eye, blackrock is getting ready to sell Interest Rates long. Nejra very interesting. A lot of people have been saying that in terms of buying what the fed is buying. If we get another initial jobless claims print above 5. 5 million which is the consensus, that would take the gains over four weeks in those initial jobless claims about 20 to you 22 million. One of the eight of the workforce out of work, wiping out the job gains since the last recession. Staggering numbers you ar
Global coronavirus cases top 2 million. Germany is set to start loosening the lockdown for next week, and President Trump will unveil guidelines to reopen today. European futures turned positive despite historic declines in retail and factory gauges, sinking stocks on wall street. Attention turns to todays jobless claims. Plus, wti crude at an 18 year low amid a record collapse in the u. S. Fuel demand. Washington is considering paying drillers to leave oil in the ground. Just under an hour away from the start of cash trading. Nymex crude still under 20 a barrel, but rising today. We see futures doing the same, regardless of where you look. European futures are up half a percent. On dax a percent futures, quarter percent on ftse futures. Dow jones, s p, and nasdaq many contracts all showing a little bit just the slightest 10th of a percent of a game today. Anna . Anna lets talk about the breaking news from european corporates. The travel and leisure sector in focus when it comes to the
Thank you all for being here today. m going to go out of order, thank you, mr. Chairman, for holding this important hearing. I first want to get on the record and thank our subject matter experts. Experts. If theres anything we legislative leaders ought to be doing an more broadly our government leaders, its listening to Public Health experts. Thank you so much and the experts in some of these discrete areas that will be impacted by the coronavirus. I regret that in minutes i have another meeting that pertains to this important topic. I just want to publicly express my intention to submit for the record some important questions i have for you related to the increasingly integrated supply chains that we now have between various enterprises and i guess this is this situation will create certain vulnerabilities uring times of what is now a pandemic. I have some questions related to supply Chain Mapping that im hoping someone will be prepared to answer and lastly, our reliance on foreignma
Thank you all for being here today. m going to go out of order, senator young has a related hearing to be at, i want to be sure hes able to be on the record before we begin. Senator young i first want to get on the record and thank our subblingt matter experts. If theres anything we legislative leaders ought to be doing an more broadly our government leaders, its listening to Public Health experts. Thank you so much and the experts in some of these discrete areas that will be impacted by the coronavirus. I regret that in minutes i have another meeting that pertains to this important topic. I just want to publicly express my intention to submit for the record some important questions i have for you related to the increasingly integrated supply chains that we now have between various enterprises and i guess this is this situation will create certain vulnerabilities uring times of what is now a pandemic. I have some questions related to supply Chain Mapping that im hoping someone will be