The origin of the corona virus has been a politically sensitive issue for china and a bone of contention between democrats republicans and President Trump who refers to it as the chinese virus now to a u. S. States and germany plan to sue china accusing the country of lying and covering up the virus what it 1st appeared back in the fall of 2019 for more on this will bring in our chief eric ferret how significant are these lawsuits and do they have any bearing so many of the short answer to that is probably not missouris attorney general eric schmidt is leading the case and after talking with economists at the university of missouri the state is looking to get upwards of 44000000000. 00 and now you also have. Mississippis a. G. Saying that shes getting ready to file suit now missouri is the 1st state to file against china mississippi the 2nd all the seek damages and it could be the 1st of many states doing this now according to the missouri lawsuit it reads quote during the critical wee
Week yeah. This is the expiration day so what happens is you actually its tomorrow, but people are trying to prep it what happens is rusty braziel explains to me, the rollover from the may contract to june occurs tomorrow. The reason that happens is because the may futures price converges with cash and expiration so in other words, youre looking at what the real price is its not the futures price so what happens is that imagine if youre producing at 32 a barrel, 33 a barrel like occidental, thats just youre hurting nobody can make any money at these prices rusty points out that after seeing this, the next month, it might go to zero and thats i think a lot of it is because where will you put it maybe keep it in the ground. It is extraordinary and jarring. And i think its causing the decline. Carl, whats so amazing, it was completely predictable thats why maybe the decline isis really overdone if its based on oil if its based on other factors, i dont know it looks like oil is bringing th
Dollars, but hes in luck and our traders are here to help him fix his portfolio and we start with the major news on gilead that weighed on the major averages gilead dropping on reports that the companys coronavirus des v remdesivir it is difficult to part through because it was halted from china that didnt have enough to finish the synopsis on these partial results were posted by the World Health Organization on its website immediately taken down, but not before the Financial Times and stat news got a hold of it. What that showed was that 237 patient were enrolled in this trial and 158 of them were on remdesivir and they had planned to enroll 453. One of the gauges they looked for for success was mortality and how many patient surs viefed at 28 days they found 14 of the patients on the drug passed away versus 12 in the control group. In a summary of the screen shot here they said that remdesivir was not associated with clinical or virological benefits. We regret that the w. H. O. Prema
[bellringing] tom the perspective here as in so many different nations is the dead of the hospital workers. For the nhs, over 90 people have died during this pandemic. In the united kingdom, how is the view, the perspective of the nhs changed . Silence the minute of where we saw boris johnson, the leader of the opposition, and the city grounding to a halt for one minute across the country to commemorate the 100 people who have died these are have died. These are key workers, people from transport, not only nhs. Many times over, ministers were asked about the number of key workers who had died and very few knew what that number was, so this follows a pretty explosive local tv network speaking to one of the sons of the key worker that died from the nhs, saying we really need an apology. This was welcome to unite the nation at a difficult time for the government to answer questions. Tom the symbolism we see as a general pandemic update, there is lots of good news. I know viviana will have
The origin of the corona virus has been a politically sensitive issue for china and a bone of contention between democrats republicans and President Trump who refers to it as the chinese virus now to u. S. States and germany plan to sue china accusing the country of lying and covering up the virus what it 1st appeared back in the fall of 2019 for more on this will bring in our chief fronsac ferret how significant are these lawsuits and do they have any bearing so many of the short answer to that is probably not missouris attorney general eric schmidt is leading the case and after talking with economists at the university of missouri the state is looking to get upwards of 44000000000. 00 and now you also have mississippis a. Saying that shes getting ready to file suit now missouri is the 1st state to file against china mississippi the 2nd all the seek damages and it could be the 1st of many states doing this now according to the missouri lawsuit it reads quote during the critical weeks