Holding onto those gains. The s p 500 up. The nasdaq is up 2. 4 . The dow is up 1. 8 . Chipotle is at the top but like many other companies it beat estimates. The dollar continues to strengthen. Standing by with a deeper dive into the action we have taylor riggs. Taylor you mentioned crude on your board and i wanted to start with oil prices. They were up 20 or so after six days of losses. Theyre trying to rebound but still down where the 50 . It is unbelievable the price action. U. S. Oil inventories have risen for a 13th straight week but there is potential positive news. Yesterday, they were shortselling on a stock and if it plunges more than 10 that would apply to the largest etf. Some of the reasons we are seeing some stability. We need to talk about the largest oil etf. It is tracking crude prices pretty closely on a yeartodate basis. We know that yesterday there was a premium to the shares given that they ran out of what to sell investors. Theyre trying to take advantage of low o
Hes been determined to be the only player in libya but coming for half the us hopes now seem shattered forces loyal to the internationally recognized government are making significant gains so as huffed are about to lose the war this is inside story. Hello welcome to the program im Adrian Finnegan warlord Khalifa Haftar wants to control libya his battle to do just that could be reaching a turning point but not in his favor he launched his offensive to capture the capital tripoli more than a year ago its where the internationally recognized government is based forces loyal to that government of National Accord or d. N. A. Say theyre regaining ground theyve captured several towns around tripoli and are advancing towards tahu not an important base for supporting how fast forces fighting has intensified in recent weeks despite the spread of covert 19 thats as countries continue to supply libyas rival powers with weapons despite a United Nations arms embargo well the u. N. Has warned all pa
No doubt do nothing to help. 2. 75 . Daq is down we had the vix at 65. A Stronger Crude Oil index today. Basically, all industries in the s p 500 are lower. Just a couple of stocks higher, things like kroger and netflix once again. Absolutely. Rebalancing is done. President didnt sound very positive last night. In fact, he really didnt sound very positive last night. He delivered a long press conference. I think thats taken the shine off of stocks. , u. K. Banks also not paying dividends. The stoxx 600 is down by 2. 82 . Volume is a little on the light side, but actually ok. The saudis are really pumping it out. You wonder what will happen when storage gets full. Youve got a stronger dollar today. 1. 0928. Ar trading on off a lot of points out of the ftse 100 and the stoxx 600. Vonnie we are joined on the edne by yardeni founder yardeni. What are you looking at for the quarter and for next quarter . Ed it is hard to do point estimates. That was before the virus. These days, all you can
On slowing the spread of the virus. New cases of it on the decline in major hot spots including new york. Dr. Tony fauci saying the death toll in the u. S. Could be 60,000 versus earlier estimates of 240 people dying. Donald trumps Approval Rating hit alltime high for him amid coronavirus pandemic and also showing an overwhelming majority of americans are concerned about a recession. The virtual opec plus meeting which included saudi arabia and russia ending in a tentative agreement to temporarily cut production by about 10 millionbarrels per day. But mexico could derail the plan. Oil declining near the trading session over concerns about the Production Cuts that they wouldnt be deep enough. U. S. Markets are closed today in observance of good friday but yesterday u. S. Stocks rallied, dow, nasdaq, s p all up more than 10 for the week. S p having the best week since 1974. In asia overnight markets were mixed, you can take hang seng and hong kong closed for good friday. European markets
Casino, those are the biggest gainers today. But fears over the virus remain as cases in the u. S. , italy and around the world move higher though the president says he would love to have to country open by easter we are up 1700 points on the dow. Nice for a change. We have a huge lineup of guests coming up. The ceo of cvs health will tell us about the companys hiring spree and Virus Testing plans. Campbells ceo will join us to talk about the supply chain and well discuss the administrations actions thus far with mark short, chief of start to the Vice President. Lets focus in on two of the big stories, kayla has the latest. But first, mike is tracking todays market rally mike, over to you. By the looks of it, its a sturdy rally well scrutinize to see if theres more than anything but a bounce it tells you a couple of things. One is a strong bounce is it doesnt look that dramatic next to the decline on just experience really just a step in that direction of trying to make some distance b