Drug failed in trials. Good afternoon afternoon and good evening, good morning. This is viviana , this is bloomberg surveillance. First thing is first, this is what your markets are doing. A lot of the focuses on earnings. A lot of the focus yesterday was the fact that we saw this blunder through w. H. O. Leaking. We understand gilead and the impact we saw on the markets because the trial was not as successful as a lot of people were hoping it would be. Overall, your markets are also focusing on oil. Touch today, west texas actually extending the recovery, treasuries climbing with the dollar, and a lot of the focuses what is going on with italy, the Italian Government bond fell after the europeans felt signed off on this plan, immediate follow from the pandemic, and we also look at Corporate News and some of the earnings. Ifo german Business Confidence falling, but it was expected. Of the 79. 7 figure. Again, that is the lowest ever, and in about 30 minutes, we will speak to the head o
And keeping the beat. For our series a more perfect union, we visit new orleans where sweet music is helping ease the pain. Always good in new orleans. First, todays eye opener, your world in 90 seconds. One day they said we have to close our country. Nows time to open it up, and you know what, the people of our country are warriors. President trump has tweeted that the Coronavirus Task force will continue on indefinitely. Will some people be affected yesterday . , but we have to get our country. We have to get it open soon. Reporter i did ask the president at one point whether if they wanulak a first in new york city, with intense cleaning. There is a direct response to how filthy the trains have become. Who heard of disinfecting a subway car . You may be at home, but guac is still extra. All that i find that everybodys trying a 10 to 12 harder to just be nice. Dont you find that . Not really, no. But im watching no . Cnn all day. All that matters good to see you out of the basement.
Notably russia, and surely it puts a crimp on the future of electric cars. Look at it this way. Why buy electric when a gallon of gas on average now costs 1. 81 and likely to fall much lower. In wisconsin, the average is all the way down to 1. 22. There are some places where its below 1. We will bring them to you. Its a big negative for the stock market. The dow industrials are going to open down 500 points. Thats roughly 2 . The s p down 1 . The nasdaq down 1. 93 . The oil crash really hurts stocks as well. Every energy stock is down. The airlines and the Car Companies, they cant cash in on cheap jet fuel and gas because people arent flying and theyre not driving. Where is the additional help for Small Business now that the first rescue package has run out of money . As of right now, it has not come through. Treasury secretary mnuchin negotiating with democrats over the weekend. Its supposed to be a better than 300 billion plan but its not here yet. Perhaps thats another reason for th
A viable option for the november elections were going to discuss it all right its time to boost your news i q. So packed and other allied Oil Producers made a deal during a Virtual Meeting today that will take Oil Production to historic cuts arties Rachel Blevins has been following the story all day and shes joining us now with more details to this deal rachel well manella saudi arabia and russia have agreed to a Historic Deal which will see the worlds top will producers cutting output by 10000000. 00 Barrels Per Day amid a sharp decrease in demand from the coronavirus pandemic the deal was made during a Virtual Meeting between opec members and other allied Oil Producers on thursday and during that conference Russias Energy minister called for unity and warned that if oil prices are not stabilized it will. Have a massive impact on the Global Economy because you need some stances require swift and timely measures all of our Oil Producing countries must 1st to change the situation will l
A viable option for the november elections were going to discuss that all right its time to boost your news i you. Know packing and other allied Oil Producers made a deal during a Virtual Meeting today that will take Oil Production to historic cuts arties Rachel Blevins has been following the story all day and shes joining us now with more details to this deal rachel well manella saudi arabia and russia have agreed to a Historic Deal which will see the worlds top will producers cutting output by 10000000. 00 Barrels Per Day amid a sharp decrease in demand from the coronavirus pandemic the deal was made during a Virtual Meeting between opec members and other allied Oil Producers on thursday and during that conference Russias Energy minister called for unity and warned that if oil prices are not stabilized it will have made. Massive impact on the global economy. Stances require swift and timely measures all of our Oil Producing countries must 1st to change the situation will lead to the