Crudeng with oil, wti ps more than 100 to 1. 5 a barrel. Negative for the first time, june delivery contract, 21 a barrel. President trump says he will suspend immigration to the u. S. Over virus concerns as some states look to end the lockdown, plus u. S. Officials learned kim jongun was in Critical Condition following Cardiovascular Surgery last week. Washington is seeking clarity on the north Korean Leaders health. Just under an hour where from the start of cash equities trade. Lets look at futures after markets went negative with the plunging oil prices. You can see european futures now, down about 1. 5 to 2 . U. S. Futures, the cash trade close lower in new york yesterday so u. S. Futures are down a little less than european futures, but we are still seeing dow futures down two thirds of 1 . European equity markets on the oil price, some geopolitical news out of the korean peninsula, as well and perhaps a little focus on the data coming through. U. K. Data on joblessness coming th
Formally thats where they stop, unlike the oil futures hallelujah. And thats why we got hammered dow plunging 632 points. S p plummeting 8. 37 nasdaq nose diving 3. 48 the house of pain yesterdays futures in negative territory terrified people if you have to pay to get rid of a barrel of oil or a bank that lent to a bunch of oil companies, even though futures rebounded, oil is above zero the more representative june futures plunged to zero digits before rebounding to the teens in the afternoon its not a good sign in other words, today the real physical world of commodities interfered with the paper world of stocks. My cyclical side says we rally hard from the bottom for not much reason. Since the paends the dow crashed to 18,000, and back to 24,000. Dramatically oversold to dramatically overbought quickly. Maybe we got ahead of ourselves. Sure, it looks like we slowed the coronavirus. More on that tonight youre going to like it i think. Were still seeing thousands of deaths per day and
The kospi back online after being shut yesterday. We know that president moon securing a big win, capitalizing on success and containing the pandemic. 100 taste 103 seats in parliament, ending a bull market yesterday. Ahead of the earnings later today, the first earnings since the pandemic started. So a gauge of how the Tech Industry is doing. Lets flip the page and take a look at currencies right now. The dollar index up, surging the most in weeks. Weaker today. A question of why that haven like the yen is currently down. On risk aversion and the plunge and ore prices adding to the conscience. Today, almostbers 6000 jobs created. Expectations were for a drop of 30,000. Parttime jobs pretty much responsible for the jobs added. One. Ooking at the rishaad data from the u. S. , retail sales and production numbers not for the faint hearted, cratering in march. Saying businesses are increasingly concerned about even weaker conditions ahead. Kathleen hays has been looking at wall all these f
Miguel for the last 18 years, you have not raised me a penny. You dont know what kind of man i am. Lemonis if i cant help renew their passion. Nothings changed. Revamp their attitude. Miguel i love it so far. Lemonis . And most importantly, resolve their family issues. I know its hard for you. This longstanding new York Business will be shredded. I think im more excited about it than you guys are. Im marcus lemonis, and i risk my own money to help businesses. I love investing in american businesses. Woman these people are here because they care. Lemonis its not always easy, but i do it to create jobs, and i do it to make money. Do we have a deal . Lets rock and roll. Man yeah lemonis this is the profit. Today, im visiting ideal cheese shop, a neighborhood favorite on the Upper East Side of new york city. Michael you like brie . Youll find out, right . Lemonis and despite their multidecade success, theyre having trouble making ends meet. Michael weve got panforte, amaretti. Lemonis look
Performance for the dow and the s p since the great depression. We have fox Business Team coverage. Blake burman with the latest, with the president. Lauren simonetti watching the markets. Edward lawrence is live in d. C. Lawrence, lets kick it off with you . I have to say good riddance to the month of march and it was really awful. Let me tell you how awful it was, the worst month for talks since the 2018 financial crisis. If were talking, dow lost, nasdaq lost more than 900 points this month. Not one dow winner in the entire month of march. In fact four march, worst one for the dow and s p 500 since, ready for this, the great dedepression. Does it get any better for the First Quarter . Not really, the dow down 23 in the First Quarter of the year. S p down 19 . Nasdaq down 12 . We had a winner in the quarter, just one. Out of 30 dow stocks it, was microsoft up barely but in the green. The worst stock for the month, for the quarter on the dow was boeing. This is a stock that saw 330, t