Futures trading was halted yo ed overnight. If were down 7 , you halt for 15 minutes down 13 , you halt for another 15 minutes if down 20 , you halt the remainder of the day some people wonder how long we will be trading at the open. Yeah. Look, i think the problem is twofold no one thought oil was coming. Theres a very, very different approach by some to whats happening with the virus some people are saying not enough others are saying, listen, were making too much of it. Im in the distinct not enough camp i come back and i keep thinking about david tepper and what he said to me at the super bowl i dont know if we have that i think we do is the booth ready on that going back to midfebruary early february day before the super bowl i came back and have never been the same i know people have accused me of being fear mongering for weeks now. No, i think im realest mongering. Were trying to back into it, you have to try to figure it out. Ruined the environment of the setup right now. Whats
Now, latest numbers. The house is preparing to vote on multiple dollar package. What you need to know coming up. The nba suspending season, suspending season until further notice. March madness to be played without fans. Selloff extending across the globe. European markets deep in the red followed by travel announcement by President Trump. 1. 7 . Cac quarante down 258 and dax in germany lower by 588. Almost 6 . Italy tightening lockdown even further allowing Grocery Stores and pharmacies to stay open. The European Central bank out with latest Rate Decision this morning. We will have that for you as soon as it hits the tape. Investors are looking for news of stimulus to battle the Economic Impact of coronavirus. In asia red across the board. The shanghai composite down 1 and a half percent but japan worst performer down 4 and a half percent. Lets check Interest Rates right now. We are talking about a decline of 15 and a half basis points on the 10year yield now sitting at. 718 . This, t
Limit our fossil fuel consumption and so we cant just talk about banning fracking without talking about specifics on alternatives to liquid transportation fuels and alternatives to natural gas in the power sector obama did call it a bridge fuel in terms of getting us off coal but it seems to be much more of a geo political issue we see with the fracking and the doubling of production its really hailed across bipartisan issues as like where the Number One Oil producer in the world so once it jumps to that level it becomes way more difficult to get off it what do you think about this the Obama Administration could take this is a when i think weve seen the world flip flop from 2008 to today weve basically seen the us go from importing 50000000 barrels a day of oil to down to less than 2000000 barrels a day at the same time china is now importing. Almost 10000000000 barrels a day so now china has become what we were in the seventys and we had the oil crisis i mean the next problem with oil
Are watching this morning, snow already falling in parts of carolinas and georgia, up to 6inches could blanket southern part of virginia region and eastern North Carolina, drivers are being warned about extremely dangerous Road Conditions this morning. Onto coronavirus this morning, the number of cases appear to be falling as death toll is now topping 2,020, 2200. The passengers quarantine have tested positive for coronavirus. New infections in china have fallen this week but new cases are being counted and they have a new way of counting the cases, the virus claiming 2,248 lives with at least 76,000 individual cases confirmed across the world. 27 countries affected by the deadly path of coronavirus. 11 americans meanwhile cruise ship tested positive, i will be speaking with two passengers, one of whom is infected. Maria roger stone learns fate, roger stone sentenced to 40 months, far less than 9 months originally sought, career prosecutors, the attorney general and the president. And
Environmental issues related to fracking which involves injecting water because with chemicals in particular its like sand very High Pressure deep into hard rock formations youre basically putting a jet engine on the drill and using water at High Pressure instead of the drilling operation so theres tons of Environmental Issues water issues but theres also Climate Change the more oil and natural gas produce we produce the more Greenhouse Gas emissions we emit into the atmosphere and so i think what young people are responding to is we have to respond to the Climate Crisis and the only way to effectively respond to the Climate Crisis is to limit our fossil fuel production to limit our fossil fuel consumption and so we cant just talk about banning fracking without talking about specifics on alternatives to liquid transportation. In fuels and alternatives to natural gas in the power sector obama did call it a bridge fuel in terms of getting us off coal but it seems to be much more of a geo