555 dow points. Ahead on todays show, were going to dive into this plunge in oil prices, what it means for the u. S. Economy and jobs to the financial losses reverberating through the market right now plus we will speak with illinois governor j. B. Pritzker and former commerce secretary Penny Pritzker, his sister, about illinoiss battle against the coronavirus and the race for more protective gear and testing. Lets focus in on the big stories were watching with 58 minutes left of trading. Brian sul vab focusing on crude oil collapse, mike santoli will tie that in with broad movements were seeing today latest on the snag on government funding. Brian, first to you on this unprecedented move in oil. A day for the history books. It is a day for the history books. Ending a futures contract in negative 30 or what it was. Sara and wolf, it doesnt make sense as i talked about in power lunch as well. We started the day around 10. We continued to fall now negative 30 these are contracts. Negativ
Industry leader this hour. Masayoshi son the company is forecasting a massive loss for the year has investments in startups shery lets get you started with a quick check on the markets. U. S. Futures supported at the moment after u. S. Benchmarks ended the session mixed. This ahead of earnings season kicking off officially tomorrow with j. P. Morgan and wells fargo reporting. Afterutures up. 3 , this the s p 500 rallied almost 25 from its march low. Nikkei futures also gaining ground. 4 . We had a little bit of strength for the japanese yen in the overnight session as we saw more safe haven bids play out during the u. S. Trading session. This of course as we saw japanese stocks falling in the previous session. We have been trading most markets away on holiday. Today, only india is off. Crude prices rebounding from losses in the previous session. We had seen crude under pressure despite opecplus managing to strike a Historic Deal to cut output by nearly. 1. Market sentiment guided by wh
At the end of this book i realized after a long period of thoughtfulness and i went into the wilderness. Is that america goes through these divisive periods roughly every 40 years. Why . We are a very dynamic country. Socially, economically. We are constantly reinventing ourselves. Not just as individuals but as a nation and government by its nature, its a status quo institution. This is how weve always done things. We will do things the same way again. Its people will then gets dark. America is set up to have these revolutions. Political revolutions. We had one in the beginning but ever since then, weve mostly had the revolutions that have played out and thats what we are in the middle of now. One of the things you said in the beginning of your book. You said without definitions, we are talking past each other or more likely just screaming at each other. Before we spoke, we had a conversation about the idea we can have constructive dialogue across the aisle. Which might make for good
Washington and we the people. Im going to get right into the idea of revolution. You say in the book america has been through divisive. Before, some worse than the ones were iwe are in today with the hindsight of history can see them as Inflection Points, the transitional period between the old system that is broken down and a new one so largely. Are we in an Inflection Point . Guest absolutely. We are in the middle. The best example is in 2016 in the republican primaries there was a real civil war that the Establishment Republicans represented by jeb bush and others didnt get the nomination, didnt get the support of the American People. It was the revolutionary donald trump. The democrats are going through the same thing right now they are having a civil war in their party but is it going to be the traditional democrats, is it going to be some outsider, is it going to be a socialist but that is indicative of the fact washington doesnt work. It hasnt kept up with the country and i gues
End Coal Financing being undermined by new credit from china and japan. Lets take a look at the markets now. Looks like very much like the past couple of weeks although potentially more so. Very volatile, s p 500 futures have begun to trade and we automatically have begun to see a decline of 2. 8 . We saw last week a gain in the u. S. The s p but the average move was three points. Olatility is still reigning sustaining stocks losses for a second day. The safe even been coming back coming safe haven bid back strong. The u. S. The yen is strongest since the 2016 election in the u. S. A rough day, 41 a barrel for oil. Now investors are expecting more. Lets take a longer look at wti crude. Not even not only did the meeting in vienna not result in agreement, but saudi arabia has initiated an allout price war saying they will pump 10 Million Barrels a day next month. Some analysts are expecting 30 oil prices again, near the lowest level over the past two decades. One analyst said he sees pot