Or scrap this case and why havent the Pilot Program been suspended were going to explain all right its time to boot you i. Q. Countries that have been the subject of crippling sanctions from the United States are now working together as a rainy and ships head to venezuela the u. S. Is reportedly looking for ways to intervene which could signal a new conflict amid increased tensions arties Rachel Blevins is joining us now from the newsroom with the latest developments to this so richard what more can you tell us on the story well manella both iran and venezuela have been hit with extensive sanctions by the u. S. Over the last year which is severely limited their oil sales and hurt their economies but now the u. S. May also move to try to prevent that you countries from working with each other in response to reports that iran is in the process of shipping world the venezuela and anonymous senior u. S. Official was quoted as saying it is not only unwelcome by the United States but its unw
A partnership not supported by the west. And rising tensions continue between the u. S. And iran as a 5 year rainy and oil tankers are making their way over to venezuela despite crippling u. S. Sanctions a full report straight ahead all right its time to boost your news i. Q. The drug should forego the objective that i drop she. Went right over. Couple weeks ago started to cure the. All right you heard it right there President Trump making it known that he is in fact taking that highly controversial drug to fight off coronavirus now the surprising admission happened at a white house News Conference just a little earlier today are his fair project is here with the still developing story so farit why have we not heard about it until now well as the president said a pretty bum bluntly you didnt ask me so now this literally was trump belly flopping into the Mainstream Media pool because the news has exploded after this was said take a listen ive heard a lot of good stories and if its not g
Earnings and econ perspective and focused on what reopening looks like we have Something Like 16 states that have already put forward plans to begin reopening and lifting restrictions to parts of the economy plus seeing some of those efforts take place in europe as well key to all of this, though, jon is testing and treatment, something were going to talk about in this hour. We are certainly. Want to mention the major indices higher, all three, the dow, s p and the nasdaq, by about 1 as we look at this very active week in earnings season, particularly in tech were going to get microsoft and amazon earnings wednesday and thursday everybody likes to focus in on the cloud lines in those earnings because those are the two biggest players. I think the question on cloud for them is going to be which customers are using more services than in the past, which customers are using fewer and then as we start to look out beyond the second quarter, whats the Impact Likely to be in the second half of
Going hungry around the world. No vaccine but that doesnt mean you know how we look at the different drugs and treatments being used to treat cope with 19. With the pandemic throwing world oil markets into turmoil donald trump says his government will look to support the domestic industry the president says hes told the energy and treasury secretaries to formulate a plan to make Funds Available to ensure the survival of american oil and Gas Companies that follows an unprecedented collapse in the u. S. Prices because of a glass in supply the u. S. Futures market dive deep into negative territory for the 1st time ever on monday the lowest the price of the u. S. Benchmark w t i sank was to minus 37. 00 a barrel the International Benchmark the brant crude on the other hand well thats trading at around 20. 00 a barrel thats still the lowest price its traded since the september 11th attacks in 2001. We begin with our White House Correspondent kimberly how could she joins us from washington d
Why did u. S. Oil prices hit negative territory an unprecedented fall in American Crude Oil sales has added to the hardships caused by coronavirus so what will that mean for the u. S. And the Global Economy this is inside story. Hello and welcome to the program im Richelle Carey thats one of the worlds most valued commodities but the coronavirus lockdowns to overturn the dominance of oil the worth of a barrel of u. S. Oil fell to less than nothing on monday thats the 1st time in history the price has turned negative so this means producers ended up paying buyers more than 30. 00 a barrel to get oil off their hands it rebound a slightly shit disturber 2 dollars the next day that jaw dropping slide this because the world has more crude that it could use and Storage Facilities and even ocean tankers are filling up oil is traded on future contracts and fears of not finding a place to put oil in may means nobody wants crude thats led to a severe drop for west texas intermediate a benchmark