And oil is up to the tune of 25 . The jobless claims rocked the street. We were expecting them to be bad. We were not expecting them to be 6. 6 million bad. Jackie deangelis, jackie. Reporter good afternoon to you, neil. Lets go ahead to start with the tweet from the president that had the dow jones up more than 300 points now. The president said, i spoke to my friend, mbs, crown prince of saudi arabia who spoke with president putin of russia and i expect and hope they will be cutting back approximately 10 Million Barrels and maybe substantially more, which if it happens will be great for the oil and gas industry. The markets are rallying on this, because low oil prices are good for consumers and businesses that use oil. Statement, you dont want the price to be so low that the shale producers go out of business. That the Oil Producers have a hard time, staying, conducting, keeping things going. So prices spiking today, more than 20 is a positive sign that it is all moving in the right
Among, at least seven different other items that World Health Officials will look at, including the president of the United States before deciding at the end of this month whether to extend sheltering provisions or to start unwinding them n the middle that a bit of a constitutional back and forth whether the president alone can decide this matter. We have different reads of this. Well get into a little bit on this, some say that the president is wrong, states ultimately decide on this. The president granted them power when and how far to shelter, then they have the power to decide when and how to deshelter. Well get into that. It is a fascinating legal argument here, one might be a moot point if any of this progress weve seen reverses or slows, likely pushing back a timeline on getting everything back to normal. A lot of fast moving developments. Connell mcshane on the latest developments. Hey there, connell. Reporter neil, if there is agreement between the Health Experts around the wo
Whats being promoted in the name of health is actually the erosion of human contact and human solidarity social isolation is a privilege for those that dont have to face in close proximity or die of starvation not an option for several billions of peoples around the world. Hello there good afternoon welcome to the program which has turned midday here in moscow this monday on kevin now in with his 30 minute world news round up 1st heres where we are on the numbers as we enter a new week its 4 months now since the 1st infections began to cause concern around the world and as of now this hour more than 1800000 cases have been logged and more than 114000 people have died the number of people known to have recovered meantime from covert 19 is now more than 428000. So in todays developments to new york city the worst affected area in the worlds most affected country the governor of new yorks playing to launch a fund to support medics but the skepticism from unions back at him who blame him f
Here believe it or not, maybe your stat of the day, 164 of the s p 500 are actually higher now year over year for all the market damage over the past year. A good chunk of the market still remains higher we have a great Investment Committee lined up for you again today. That would be guy adami, and karen finerman, who will join us in a bit let us begin the show by focusing on four big mac row calls today from well known firms, all kind of saying the same thing are you ready, folks lets walk you through it, number one, goldman sachss, the market urn likely to make new lows morgan stanley, pull backs should be bought jpmorgan chase, were going to hit all time highs in the market next year. Piper stanley being more direct. The bear market has concluded. There you go guy adami, you heard that, you have four calls all saying the same thing, its not taken away from main street and the human toll we understand we are focused on the markets. Do you agree with those pretty optimistic views no,
Will be given to. Him about how to. Read the article and mobility show. This week there are Big Questions on refs mind were going to be talking later because were going to need way more like this to. Look at hence this. And this. Got to do with this. Is the friend is an amazing thank you and that inspired us or are you going to. Read is also wondering whats this thing went to big cars i dont know hey if i said this before but this car is waiting for you. Not everyone has a problem with s. U. V. S though. One day i won by pos cars. Because some people work in big garage its fixing cars. But some proof implement almost all work when you go wrong is when i watch the president get ready for another big addition on the red. Led. Police. Good to talk to my name is already are askew a chance today is going to be the best day of my life not only did my makers bring me and my siblings to terrorists but i am also meeting up with a car tester who will take me on a drive around amazing cant. Wait