At us, we are at number four. The president , the Speaker Pelosi and treasury secretary mnuchin, they are all on board with a grand infrastructure plan. Leader mcconnell says hold back for now, but it sure looks like a lot more spending is in the works. After all, we are all big spenders now, arent we . Look at the markets. Responding to the jobless numbers and the possibility of more stimulus. The dow looks like it could eke out a small gain of maybe 70. Nasdaq up 17. S p up maybe 10. A fractional gain for stocks despite that jobless number. Look at the price of oil. Up sharply today. The president wants a deal with the russians and saudis and he will meet with Oil Company Executives tomorrow. The oil price this morning is up to, okay, up to just 22 a barrel. Got it. But its higher by 9 . The price of gasoline, look at this, keeps coming down. 1. 97. Thats the national average. In oklahoma, hard to believe, its all the way down to an average of 1. 51. Thats oklahoma. On the program to
Workers on the front line demand immediate action. A slum on the brink of even more despair the coronavirus fears for a desperately poor part of argentinas capital. So and saudi arabia is calling for an emergency meeting of Oil Producers to try and stabilize the volatile Petroleum Market its happening its this backdrop of economic devastation caused by corona virus the United States has announced a major rise in the Unemployment Rate a record 6600000 americans applied for Unemployment Benefits thats 3000000 more than last week it is a similar story in spain the lock down there cause more than 800000 redundancies in march many of them Seasonal Workers such as in the Tourism Industry 3 and a half 1000000 spaniards do not have a job and the number. British people applying for government benefits is 10 times higher than normal almost a 1000000 britons claimed universal credit in the last 2 weeks thats despite a stimulus package aimed at preventing layoffs lets join him in how to use it in
The nasdaq up better than 1 . Thats a rally. By the way, the yield curve is not inverted. Treasury rates are now firmly above their lows of the last two weeks. Got a question for you. Why would apple, with over 200 billion in cash, borrow even more money . They are jumping on the cheap money band wagon, issuing bonds along with cocacola, disney, deere and a host of other Blue Chip Companies. They are making hay while cheap money flows. And they will pull in money from overseas, too. Over here, corporations pay interest. Over there, not so much. In a moment, you are going to see the extent of the devastation in the bahamas and dorians track. Its strengthening and heading for the carolinas. Varney company about to begin. Stuart we start with the hurricane. It is now a cat 3 storm as it makes its way up the east coast and takes aim at the carolinas. Meanwhile, in the bahamas, more images emerging of absolute devastation. At least 20 are dead. That number is expected to rise. Jeff flock is
A quality women want more time and more risk that as more pain. On the gulf really good to have you with us he was President Donald Trump says he wants to get around back to the negotiating table as soon as possible washington has blamed terror on for yesterdays attacks on 2 oil tankers in the gulf of oman tensions have been high since trump told the u. S. Out of the International Nuclear pact on iran last year the u. S. Military has released a video that it says supports its claims about the tanker attacks a terror on says the allegations are baseless. Smoke billows from a stricken ship but these are a smoking gun the u. S. Says iran was behind attacks on 2 oil tankers in the goals of oman. This is the estimate is based on intelligence the weapons used the level of expertise needed to execute the operation recent similar rate in attacks on shipping and the fact that no proxy Group Operating in the area has the resources and proficiency to act with such a high degree of sophistication
the verge of another revolution in iran? the images of mostly young people rising up against the regime have captivated all of us. i will talk to an iranian writer who explains what the protestors want. and at a time when economies are struggling around the globe and russia is already getting a billion dollars every few days in oil and gas revenues, why did opec slash production? everything has a price. energy security has a price. we will explain. but first, here s my take. one of the few issues on which there is a consensus in washington these days is that american policy toward china was built on an intellectual tariff. liberals and conservatives both believe that beijing s embrace of free markets and integration with the global market would fundamentally change china. but they didn t, so the consensus goes, we should recognize this was a naive belief in the power of markets and trade. in fact, viewing china on the eve of the 20th party congress, i m struck by how