American ships. Iran successfully launched First American military satellite. That is was a success as nearlyhundred drug rules are trials are happening around the world to fight covid19. The president said nearly 300 active drug and vaccine trials are underway right now. Also, this is happening as well. The president is moving to sign an executive order to temporarily suspend for 60 days immigration to the u. S. For people seeking permanent residency. Also breaking news, the pause will also apply to green card awardees who are currently overseas. Welcome to the show right now as we await the president. He is about to speak at any moment. Lets bring in ohio representative, steve chabot. Good to have you on. The your reaction to the temporary order seeking a pause not just for those seeking permanent residency but also green card applicants . The president says he wants to protect health and jobs as 22 americans million americans are out of work. Your reaction to this. This current envi
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Earlier, it was down 12 . As the deadly pandemic expands to every state in the nation now and the president shuts the northern border with canada, the death toll has ticked up to 97 in the United States. Let us start looking through a whole bunch of different sectors here. How low will oil go. The rout at this hour in the aftermarket is pretty brutal. We are down 19. 2 and we do have it at 21. 78 a barrel. It settled lower than that at 20. 37 per barrel just a half hour ago. Crude has lost 56 over just the last ten days. That is the worst tenday trading stretch since the futures contract launched back in 1983. As we speak, we should tell you the senate is expected to begin voting on the 100 billion phase two coronavirus bill. Heres what we know it includes. Free coronavirus testing, funds for state Unemployment Insurance and paid sick family and medical leave for employees and Small Businesses. We will take you to capitol hill to get the vote tally when it begins and we will try to do
India italy locking down the whole country. Lets get straight over to the markets now, we are joined by Sarah Ponczek. One of the one of the highlights . Helling say the the selling has not stopped. Saw a limitafter we down in futures yesterday, we and at the same time we have new zealand coming on, getting closer and closer, well below the 200 Day Moving Average which served as support earlier on. At the same time, we have seen dollaryen moving closer and now the yen is trading at the highest level. Prior to the president ial election in the United States, and also, the vti crude oil extending losses again after the worst day since the 1991 we have seen absolutely massive moves. Day, we didf the close down 7. 6 and if you look at the different barometers, we have seen massive moves. The average move over the last eight trading days has been 3. 7 , that is the largest going back to 2008, so to put into context the amount of volatility we have seen, the vix also at [indiscernible] lets