Might want to put your phones on silent. Phones on silent. Everybody have their phones on silent . We all ready . Let me welcome all of you, and thank you for being here. This has been a group thats been in labor of intense effort and i know every one of us want to thank our staffs because theyve done yeomans work. As you can see, we have with us a bipartisan, Bicameral Group of people that have been working diligently for the last 30 days or more trying to get to a conclusion and a template, if you will, or a framework. This is covid emergency relief framework, its exactly what it is. Take your mask off. You cant hear me . Okay. Back off. Let me just say that this is an intense amount of work that the staffs have been doing for quite some time and every senator, every congressperson here has put in an enormous amount of time on this in person and on the phone. This is a covid emergency relief framework. Weve worked in the best interest of what we believe is great for our country, is g
But the scene is a lot more frightening in the gulf. Residents and businesses, bracing for double impact. Hurricane delta is hours away from slamming into the louisiana coast. Almost exactly where hurricane laura hit just six weeks ago, leaving 14 billion in damages. We are live in louisiana as oil and natural gas shutdowns reach levels not seen since Hurricane Katrina. Just one state north, zipline gets the big invite from bensonville, arkansas. Yes, walmart hopping aboard ziplines drones to change the face of health care deliveries to your front doorstep. Coming up, ziplines ceo gives us an exclusive look into his lifesaving drone flight into retail. Plus, super tech tuesday is just days away. Consumer Technology Association chief gary shapiro here in a fox business exclusive to name the hottest items primed for success. That ahead of apple and amazons biggest news events of the entire year. And the stocks that could reap the biggest benefits. But weve got to get you this fox busines
Another retailer looking at bankruptcy it is tuesday, april 21. You are watching Worldwide Exchange here on cnbc good morning, good afternoon, good evening with el come from wherever in the world you may be watching. Im Brian Sullivan welcome. I hope you are having a great tuesday. The stock futures looking like it is continuing off yesterdays decline for the dow futures in the red right now indicated down about 200 points yesterday, a rough day all but two dow names were down. Each falling 6 in the red it has been the action in the Global Oil Market that has really captivated the worlds attention and the Historic Development around crude trading yesterday negative for the first time ever. Thats right the may contract which expires today. At one point, this is not a miss print, trading at negative 40 a barrel the lowest on record not only zero, it is below zero. A lot of you question why would oil or any commodity trade in the red and go inverted . That is relatively simple, when you o
Likely to hit around 15 . This morning, the private sector reports the loss of 20,236,000 jobs just in april. Reopening the economy is designed to try to bring back some or most of those jobs. So here we are. With all the bad Economic News breaking around us, what does the market do . Well, it rallies. For the third day in a row, the market opens higher. This is a bet on the recovery and a bet on the federal reserve, which is putting at least 4 trillion into the economy, and the treasury which is putting in over 3 trillion. Thats called stimulus. Investors appear to like it. The dow is going to be up about 140 points. Nice gain there. The s p up 15, nasdaq up about, what, 58, 60. Look at this. Oil, 23 a barrel. Thats where it is now. Earlier, it had been at 25. There has been a dramatic fall in supply and a hopedfor pickup in demand as some states start opening up their economies. So thats why we are in the mid 20s for the price of oil. But you can say goodbye to the gas price decline.
A currency crash pushes its economy to the brink. This new in may president. Police in the philippines are accused of abusing human rights as they enforce strict coronavirus measures. So the economic effects of the coronavirus pandemic are being felt in many parts of the Global Economy aviation and oil in particular and they are hitting the big players has already said its bleeding cash at an unprecedented speed and announced it would cut production by a 3rd now its posted a 1st quarter loss of half a 1000000000. 00 the chief executive of the European Aerospace company is warning this is the greatest crisis the industry has ever known its u. S. Rival boeings already announced plans to cut 7000. 00 jobs with its chief executive predicting Global Airline revenues could drop by more than 300000000000 dollars this year and the industry will take years to recover and in the u. K. British airways is set to shed up to 12000. 00 jobs about a 3rd of its workforce the airline has suspended 96 pe