Its a move no one seen in decades on monday oil prices plunged into the negatives prompting President Trump to make this announcement were looking to put as much as 75000000000 barrels into the reserves themselves that would top it out it would be 1st time in a long time its been good for the rate brace. Now adding that much oil is a major task but where do you store it meantime Oil Prices Continue their downward spiral today for more on all of this lets bring in our friends actually been following the story and this is the 1st time in history right that that oil has dropped below 0 right now and you know this is really a domino effect all from the coronavirus now people have these stay at home order so people are theyre driving less no one. Flying anywhere so you have all this extra oil not being used and theres only so much oil the world can store and were already bumping up against the limits of Storage Capacity and thats why were continuing to see the price to continue to sink now
So i welcome you this morning, thank you all for coming, my name is dane kennedy. Im the director of the National History center. Which is sponsoring this briefing. It is on the geo politics of middle east oil, Historical Perspectives on the current crisis. I want to just briefly explain what we are doing here and why were doing it. This is part of an ongoing series sponsored by the center that brings Historical Perspectives to current issues. The center itself is strictly nonpartisan. The purpose of the program is not to advocate for any particular policies, but in fact to provide sort of Historical Context to help inform policy makers and the public as they deal with difficult issues. I want to thank or acknowledge the Financial Support of the mellon foundation, which makes this briefing series possible. I want to thank rachel wheatly in the back of the room who is our assistant director and has helped to organize this. I want to thank the office of jerry connelly. Which has booked t
They keep opec happy there are now more than 368,000 confirmed coronavirus cases in the United States. This is according to Johns Hopkins. How they tracking the virus and if peak in new cases is near lets send oifrt to kelly. I always feel better when i see you in that lovely set up there. Thank you bob is tracking the market moves for us bob, lets start with you. Were coming off the highs here. A few sectors are participating. Its good to see the banks up again. Its good to see the Energy Stocks up as well. Its good to see retail up as well tech curiously is lagging here apple is doing nothing today the consumer names not doing too much the kroger, general mills. These had big rally or they out performs in a down week overall theres some big movers that people are saying. Look at kohls up 28 . These stocks have been cut in half kohls was 5 45 a month ago an now its 17 carnival was up big two or three times more than it was right now. Simon property, kimco. All of these stocks have bee
Thank you for hiring me. I appreciate that. Every two weeks. I appreciated pretty. Im also the samuels Senior Historian at the museum which is perhaps my proudest post. Welcome to another installment of our author series will we bring you the best world war ii literature and the men and women who create it. People tonight author, the truly needs no introduction, we carry out that tradition. Any chance are there any veterans in the audience tonight. There we go. [applause]. I knew there were some. [applause]. To say that we thank you for your services is an understatement of the century. Any veterans of any other service or any other era, please stand and be recognized if you would. [applause]. Wonderful. And again, thanks to all of you for your support and service. We have an Incredible Group of friends with us here tonight in the museum. Cspan, the good folks from cspan are here filming the event printed that is always wonderful that wanted to be under your best behavior. Because cspa
Multimillion dollar homes but why are these celebrities writing their own checks dont go anywhere americas lawyer starts right now. Saudi arabia cant hide from a 911 victim lawsuit that a judge said last week is going to go forward by a fair and cousins with me editor of the trial lawyer magazine what a great ruling i mean this judge all the way along the way has been very methodical about this case and its going to take place give me your take well you know this is a case thats been fought for well over a decade at this point almost coming up on 2 decades now and it still having to work its way through there because again theres a lot of intricacies in this case theres a lot of things that have to be proven just for it to be able to move forward but whats so significant about this particular ruling is that the day before this. In the United States ruled this you had officials over in turkey that issued an indictment to 20 saudi nationals for the death or murder of Jamal Khashoggi so n