Notably russia, and surely it puts a crimp on the future of electric cars. Look at it this way. Why buy electric when a gallon of gas on average now costs 1. 81 and likely to fall much lower. In wisconsin, the average is all the way down to 1. 22. There are some places where its below 1. We will bring them to you. Its a big negative for the stock market. The dow industrials are going to open down 500 points. Thats roughly 2 . The s p down 1 . The nasdaq down 1. 93 . The oil crash really hurts stocks as well. Every energy stock is down. The airlines and the Car Companies, they cant cash in on cheap jet fuel and gas because people arent flying and theyre not driving. Where is the additional help for Small Business now that the first rescue package has run out of money . As of right now, it has not come through. Treasury secretary mnuchin negotiating with democrats over the weekend. Its supposed to be a better than 300 billion plan but its not here yet. Perhaps thats another reason for th
Friend. Were watching that very closely. Were keeping close eye on washington. Were focused on capitol hill. The house taking up the stimulus measure, relief measure, whatever you want to call it, to the tune of 484 billion. Now the house physically there, in person, some Wearing Masks to make sure they get this done. Lets get the latest from chad pergram, how this will all sort of fan out. Chad . Reporter hey there, neil. This is the debate. They started 15 minutes ago on this bill, about 324 billion of this goes to Small Businesses. You might recall a couple weeks ago that fund ran dry. The cupboard is bare. The cost of this bill ballooned from 251 billion specifically to Small Business, to 484 billion as you say. House Speaker Nancy Pelosi says democrats improved the bill. There is money in here for hospitals and testing. Listen to the speaker. Im very pleased that it was transformed from a bill two weeks ago on the floor where the leader in the senate said, this is it, 250. Were no
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
The presiding officer the senate will come to order. The clerk will read the communication to the senate. The clerk washington, d. C. , april 9, 2020. I hereby appoint the honorable roy blunt a senator from the state of missouri, to perform the duties of the chair. Signed chuck grassley, president pro tempore. The presiding officer the majority leader. Mr. Mcconnell i ask to be recognized, notwithstanding the previous order, for a session today. The presiding officer is there objection . Without objection. The majority leader. Mr. Mcconnell our nation continues to battle the coronavirus pandemic. More than 400,000 americans have tested positive. Nearly 15,000 have lost their lives. Nurses, doctors, and e. M. T. s are fighting this disease literally day and night. An important public and important Public Health measures are creating an economic catastrophe. This morning, we learned that 6. 6 million more americans filed for unemployment in just the last week. That means, mr. President ,
Rural areas. May not have broadband, so i worry about those communities who may be low resource or under resourced. Those are just a few of the things that i worry about. Thank you, our time is up. Dr. Patrice harris, we would like to present you virtually with our notable National Press club coffee mug along with our hope that we can share a cup of coffee here at press club in person in the near future. Thank you for joining us today. Dr. Harris thank you for having me today, and thank you. I will enjoy that mug. My thanks to our National Press announcer tonight at 9 00 eastern, netflix director and former u. N. Official michelle fix. Ith her book, the that was something i discovered in my research that there is a believe everybody is the same because everybody is treated in the same way. If people do not have experiences, with that logic, we are not only denying difference but any quality. Afterwardstch tonight at 9 00 eastern on cspan two. Announcer congressional efforts are underwa