Are moving slowly. Were down 1. 5 on the s p with one, two, three four sectors down more than 3 as we stand. Coming up on todays show, a rare and exclusive interview with the apollo manager and ceo, leon black well get his tack on this volatile market. Plus the big push with air mark to support new York Health Care workers. Well also speak with germanys minister of health as that country grapples with when and how to reopen its economy. A a better performer in a relative sense with handling the virus to come European Countries and coup tris. Lets focus on the big stories bob is tracking the sell off meg has new details on the rush to find a treatment for the virus. Phil is watching the airlines. Brian sullivan covering the historic opec deal its lack of impact on oil prices so far bob. And a great rally of last week, 12 on the s p fizzled a little today, but no surprise. Let me just show you today so banks were going to get earnings tomorrow. No surprise ch banks usually wilt a little
Before, and indeed is doing right now with the boston fed itself, running a special fund to back up money markets he says that regulatory changes will allow restructured loans from the banks can be brought to the Federal Reserve and be funded that way, and wont be frowned upon by supervisors, so kind of an encourage from the Bank Survivors to get to the to work with their customers and restructure loans. Finally, says its the need to support essential workers and its the best of times here for the public spirit here let me just talk about this rising unemployment rise dramatically were only looking for 0. 2 of an increase in the friday jobs report, but thats not going to pick up whatwear seeing in the more frequent data we had north of 3 million claims last week. Expectation for tomorrow is north of 3 million as well both of those together would raise the Unemployment Rate quite a bit by itself. So were looking beyond the data, tyler and kelly, because its not necessarily going to pick
Maria and we kick it off with Global Markets lets taken a look at european indices a selloff there as well. S p 200 down 250 points right now and paris down 165 and dax index in germany lower by 362. The European Union announcing the closing of its borders for 30 days to slow spread of coronavirus. In asia is overnight markets started with early rally on heels of wall street rally but then reverse course to finish in the red. Take a look at these numbers you have all of the major down better than 4 as you can see, the nikkei and japan and shanghai and composite 1. 8 and then theres oil. Oil prices tumbling touches levels not seen since 2003. As price of oil between russia and saudi arabia wages on demand is dropping oil prices right now at 25. 40 a barrel havent seen those numbs in quite some time. Check treasuries and yields right now on tenure treasury rising this morning once again, it is back above 1 . Tenure now sitting at 1. 8 that is up ten and a half basis points. The coronavir
Of the discussion. If you were recently unemployed, laid off, or furloughed, that line is 202 7488000. If you are currently employed, 202 7488001. If you are a Business Owner, that line is 202 7488002. We would really like to hear how this is affecting our business. For all others, the line is 202 7488003. Make sure to text us, including her name, where you are texting from. On twitter, we are at cspanwj, and on facebook we will look for your posts as well, facebook. Com cspan. This is the headline in the Washington Post this morning, jobless rates spike to 4. 4 as democrats and trump began to scramble for a new spending and stimulus. Workers, thee for worst is yet to come. By midyear, the nation will likely be suffering its highest Unemployment Rate in nearly 40 years and possibly the worst since the great depression. Bank of america says the jobless rate will hit 15. 6 . ,oldman sachs pegs it at 15 while the Nonpartisan Congressional Budget Office estimates 12 for the second quarter.
The left column, a lot of those names in the green. Banking names as well. The rest of the region still seeing a lot of pressure. The split is tilted towards more downside. In terms of the sector groups as well, the similar to what we have seen. Youre getting a lot of upside in names like resources, banks, financials are seeing pressure overall. Down for a sixth straight session. 25 from the peak a couple of eci weeks ago. Yvonne back from the slopes. And back in hong kong. Steve, we have been talking about that pivot from President Trump. Painting a dire outlook on this outbreak in the u. S. Why . Wasell, i hope that he looking at the data and also seeing what other, even local news abilities are doing in the United States, cites and states aswell cities and well those in europe and they are taking this very seriously. And donald trump says it is bad. He repeated that. Its bad, its bad. He said this could last until august or even later. Hes calling it an invisible lining. Yo enemy. Y