The s p 500 are lower. Wti trading at 5. 31. We have a lot to discuss about the oil markets. The 40s and staying there. The dollar index inching ever higher. Sticking with the oil markets, we had that etf halted earlier today, as it was tapped out. Lets take a deeper dive in the oil market with taylor riggs. Taylor as you mentioned, a risk off tone across the board even as we look across asset. High yield of debt is down, so is copper. 10 year yields down to 56 basis points or so. The lowest yields going back to march. The dollar is stronger, treasuries are stronger. Dollar is ruling in this time of stress. Something else going on in the oil markets, on the uso etf, it was briefly halted for volatility trading. It is now reopened but we are still down. It does reflect the changes we have seen in the wti contract. It has been plummeting along with the price of oil. If you look at the chart im showing in my terminal, something wonky is going on in the etf market, given there is such a ru
That if we dont prepare and act now to secure access of void funding shortfalls and disruptions to trade we could be facing multiple famines of biblical proportions within the next few months well here in the United States of america while we may rank 27th in the world in education and health care we do hold the distinction of ranking number one in coded 19 infections and deaths with close 2900000 confirmed cases and roughly 50000 deaths. If that is an american exceptionalism at its finest that i dont know i mean hey we might not be good at math and science and all that but you know that whole reading thing but you know we can we can wreck up some covert 15 recovered 19 numbers thanks to our for Profit Health care systems. So with us citizens near and far battered and beaten down by this virus we now turn. Turn to our great and powerful elected officials to find out what ideas or plans they have in place to help stop and protect us from this rampaging virus supposing we hit somebody wi
The charts are thrown haywire by the fact to close negative yesterday. Trading about 5 today june is at 12. July below 21. All sunk considerably just this week lets get more on the interplay of oil, stocks and the earnings. Gets get 0 ever to bob pisani for that this hour hi, bob. Well, you know, that collapse in oil is weighing on things but not quite as much as you might think. It is a little bit more of a general risk off day in terms of coronavirus. Lets show you what the sectors are doing right now. Sitting near the lows for the day essentially. S p 500 down between 70, 80 points throughout the day here senior citiz sectors, technology and financial stocks that are down, thats going to drag Everything Else down. Industrials not doing so well. Energy is down but not muches the rest of the over sectors and thats interesting to see there. Momentum stocks, stocks done well recently, theyre kind of weak today and advance micro has done great recently. Microsoft is getting killed today.
We dont prepare and act now to secure access of void funding shortfalls and disruptions to trade we could be facing multiple famines of biblical proportions within the next few months. Well here in the United States of america while we may rank 27th in the world in education and health care we do hold the distinction of ranking number one in coded 19 infections and deaths with close 2900000 confirmed cases and roughly 50000 deaths. If that is an american exceptionalism out of spine is that i dont know i mean hey we might not be good at math and science and all that but you know that whole reading thing but you know we can we can rack up some covert 15 recovered 19 numbers thanks to our poor Profit Health care systems. So with us citizens near and far battered and beaten down by this virus we now turn to our great and powerful elected officials to find out what ideas or plans they have in place to help stop and protect us from this rampaging virus supposing we hit somebody with a tremen
Least scientists make a breakthrough discovery that could save a dying coral reefs all right its time to boost your news i q. Very usual sighting off the coast of california in fact its so rare that we here at r. T. America wanted to get a birds eye view of the unexpected arrivals along the coastline youre looking at here exclusive drone footage of dozens of massive oil tankers sitting idle along the Pacific Coast with nowhere to go because these oil tankers have angered due to the Global Demand for fuel collapsing all due to less driving and less flying as millions of americans are being forced to stay home during this coronavirus pandemic r. T. Correspondent toshs sweet is in long beach with the story. With people flying and driving last the oil industry is taking a hit and as you can see there are dozens of oil tankers up the coast here in Southern California but the line of work there was far north as San Francisco with simply no place to unload in this exclusive video youre lookin