Highyield credit another risk asset down for a second week in a row. A cautious tone. We have been in this big rally. Some might be nervous whether or not it lasts. We are coming to the close of a rough week, particularly for oil. What is going on with Energy Stocks . Abigail it is interesting because on the week energy is the only up sector, up 1. 1 , even though oil is down 33 . Connect bit of a dip some of the investors bottom fishing. When you look at the s p 500 on the week, it is a bad week. The worst week in about five weeks, down 2. 7 . Inflection points sometimes happen very slowly, but it will be important to see what next week brings. If we have another down week, that could suggest a whipsaw in emerging range. Next week we will get a look at earnings from Big Companies such as apple, alphabet, amazon, microsoft. It could be an important earnings week along with the macro we have been paying attention to. Investors seem a little bit cautious. David all of the tech guys. Than
Still hovering at just 16 a barrel in the futures market the ceo of the oil and gas Drilling Company pattersonuti energy will be here. That as another 4. 4 million of americans file for jobless claims in just one more week bringing the total to more than 26 million in the past five weeks. Its a stunning number well dig into it. Kelly, over to you tyler, thanks its been a volatile day in the market after the gilead report hit the requires about an hour ago. Lets get to bob for more. Kelly, i want to show you the s p 500. There may be conflicting reports about what it said the market viewed it as disappointing. T there was a very sharp drop in the s p 500. We lost about 35 points. Were now below 3,000. Thats a significant drop. Reports that the remdesivir trials were not good look at this exxon and chevron just keep chugging along although pretty low levels for them. I want to remind everybody how Many Companies withdrawing guidance theres many, many every day now. Today, we saw pulte, U
Baton rouge where louisiana Governor John Bel Edwards holds a briefing on the states response to the coronavirus operate. Outbreak. 95 of thes positive results that we announced today are from t ests conducted in commercial labs. The increase of cases appears to be less a sign of exponential growth over the last couple of days and more a sign of a logjam for commercial labs that have developed over a long period of time. Many of these tests were taken several days, if not longer ago. That theery good thing louisiana has been able to rapidly wrap up testing. Day,ct, depending on the we are somewhere between the third in the nation or fifth in the nation in terms of per capita testing. That said, the reason we have been able to wrap up is weve got more and more commercial labs that have come online. But, our different data systems have to be able to talk to one another and that is a part of the problem. A bigger part of the problem is with private testing, those labs have greatly exceede
Our guest greg walden of oregon, newsmakers sunday at 10 a. M. And 6 p. M. Eastern on cspan. Georgia Governor Brian Kemp participate in in a town hall n atlanta with state and local officials on the states response to the coronavirus outbreak of topics include the Homeless Population, procuring medical supplies, the Academic School year and the financial and Economic Impact on the people of georgia and Small Businesses. He also address coronavirus testing priorities and availability across the state. Coronavirus in georgia. There is no need for people to panic. It change changed life as ww it. Schools shut down. Yes, it is very scary. Stores running low on some essentials. The shells of the into. And medical facilities pushed to the limit. Many of our supplies are running critically low. Tonight member of the Coronavirus Task force and georgias governor answer the most pressing questions and lay out their plans to stop the spread. In this time of need on asking georgians to support the
This started with joe biden holding a conference where he was announcing his potential response to the covid19 pandemic. And he was joined by the surprise guest, which as you say senator bernie sanders. They focus on the similarities, talked about a concern for the economy once the pandemic ends. And biden says he does want to make public universities free for middle and low class people. So that is something that was a bit of a win for sanders supporters. Also bringing about Green Infrastructure and the importance of that going forward. By then also use sanders phrase, not me, us hoping to win over his separators and galvanizing the democratic push into the november election. New at noon, 7 School Authorities have shut down an underground nightclub. They say was operating in violation of the shelter in place order. Police executed a warrant over the weekend confiscating equipment from a building on shafter avenue in the bayview district. City attorney Dennis Herrera said in a statemen