With ideas. Our future looks out a part of. This world 3 part documentary stories may w. Linux we can p. D. F. And firefox all have one thing in common their source code is open meaning everyone can work on the code but recently Major Tech Companies have several big open source projects how will that impact the open source space will it become less open our topic today on shifting. Open Source Software is unique in that it lets anyone access and develop its source code and. Movement emerged as the anti thesis through commercial Software Businesses tech giants tend to keep their proprietary code secret Companies Like microsoft sell expensive user licenses of its patented code the companys founder bill gates even referred to open source projects as a new form of communism now microsoft has shelled out 6500000000 euros for good hap a key open Source Software Development Platform and i. B. M. Recently bought open Source Software developer redhat for a staggering 30000000000 euros making it
The slowdown in deaths in spain and italy are the few bright spots across europe and some countries gradually start to reopen. Brazils president joins a rally against isolation measures put in place by state governments. A grim economic fallout of the new coronavirus pandemic for the 1st time in history u. S. Oil prices have crashed below 0 dollars into negative territory thats because theres more oil in the market because of low demand and producers are running out of storage lockdowns around the world in response to the coronavirus have produced a massive slump and demand for energy u. S. President donald trump says a collapse in prices is short term and suggested that it could even be a positive thing for america. Based on the record low price of oil that youve been seeing. At a level thats very interesting to a lot of people were filling up our National Petroleum reserves through dziedzic you know the Strategic Reserves and were looking to put as much as 75000000000 barrels into th
And the estimated number of deaths we will get ism today. Adp is out several european banks are spending dividends jim, how much of this mornings action does reflect the grim picture that the white house set forth yesterday . Its difficult to imagine how, lets say, optimistic people were versus what the president said last night. I think many people in the stock market understood that the numbers were completely understated. You did leave the office saying, wow, that could be just terrible because they didnt caveat it as much as you might have thought they didnt say, all right, but were doing great in this state, this state, this state they said look, this is the reality. I think the reality rolls back some of the 19. 9 gain we had last week in the s p then whats going to roll back the rest is if we have credit problems ill defer to david. David knows behind the scene what day it is today today is the day youre supposed to pay your rent david, a lot of people wont make those payments,
Credit market. Thats coming up in the next hour were also going to talk to matt shay about the pain the pain out there with retailers weve heard about furloughs from gap to macys. What kind of unemployment statistics are we going to be talking about for the biggest private sector employer in the United States and do they qualify for relief in the new congressional package. Lets focus on the big stories were watching in this final hour of trade. Bob pisani joins us with a look at the quarter mike has a deeper dive on the s p 500 today. Steve has more on the feds latest move and what the economic signals are telling us. As we get ready to close out the quarter. Boy, good riddance and good riddance, exactly. Treasuries up and rebalancing. Buy stocks, sell bonds might help a little bit towards the close. Corporate Investment Grade flat and high yield down. Reminding us that in a recession, high yield tends to act. I want to show you the charts here boeing, have you seen anything go to 150
Reasonable as we have to store all this. Saying 10unbelievable decimation of tt commodity right now. Guy absolutely. You bring up the btp market. There is a lot of moving parts around the btp market today. Ly we saw yield spike yields spike to the upside. There was speculation the ecb was in the market. The big story has been the european governments considering using the european stability mechanism to extend credit lines to countries including almost certainly italy. There is an issue with this. Activationesm usually comes with some degree of conditionality. Clear theyaking it would be unacceptable to have any conditionality around it. Prelude toement is a the omt from the ecb, which would be the big bazooka from the ecb. Holly raines has been talking. His afternoon there is potentially more to come. Huge moves in btps. The pound is trading your 1985 lows. The bloomberg dollar index is getting very close to an alltime record high. Lets talk about what is happening specifically in the