After expose corruption by allies of the president. I had already. Had conflicts of polls tomorrow prior to that. Insult it was on social media. And you were he announced that they were actually trying to encourage and me. A very warm welcome to the program from all of us here at r t h q a to start it with your life news update we begin with the latest figures on covert 19 as always we will pandemic is still raging with more than 2900000 cases now confirmed or 832000 people have recovered but the number of fatalities has surpassed 200 in 2000. South africa has put thousands of soldiers on standby amid rising attacks on food delivery trucks the country is one of a number of around the world suffering from increasing looting and theft as the coronavirus lockdown takes its toll arches down quarter for ports. For nearly 5 weeks South Africans have been living under one of the strictest lockdowns in the world tensions are boiling point and thousands of soldiers have been put on standby. Was
Opening up like indonesia. It is broadly risk in in asia. Jakarta, a little slow at the get go. Singapore higher. Of 0. 7 . The china security journal says china may lower that mls. The hang seng up 150 points. The bondaction in markets overnight, especially when it comes to treasuries. Aelds in the twoyear fell to record low. Fund fed funds pricing in a negative policy rate. This is ahead of the u. S. Jobs. Bonds still up. Bit of ar taking a slump ahead of the jobs data as well. Crude, still below 30 a barrel. Set for a second week of gains for oil. Lets get more analysis. Patrick joins us. Always great to have you. It seems like we have risk coming back. Disconnect to be a to what equity markets are saying and the signal from bond markets in the prospect of some type of economic recovery. Which side is right . Actually you could overplay the disconnect. The dichotomy between markets. Right tohey are both some degree. Littles are probably a spare. It is not crazy to see some recovery
Road, maybe that is actually not the case. Rolling overs as well. Maybe that is oil. It could just be a sentiment feeling, as well as any sort of Political Risk because of kim jonguns health uncertainty. Lets get to todays market moving news from our team in new york, as well as washington. We want to begin with this meltdown in the oil market. Wti futures plunging below zero for the first time in history yesterday as many storage tanks reached capacity. Brent for delivery in june pushing to the lowest levels since 2002. Annmarie hordern has more. Annmarie what we are really watching today is the number of contracts for wti and brent. Yesterday, the big question was is this just a big technical anomaly. I think what you are seeing today is that this is more widespread. What is showing is what traders have been saying for quite some time. Thething i want to bring up point is the june contract, trading at 16. 69. That is a contract that is not expiring. In 18dropping the most years. You
Here as well. Looking at continental europe, spain and france are two countries the hardest hit by the coronavirus along with italy. They are set to ease lockdowns. We have Pedro Sanchez expecting to announce the loosening of measures after the weekly Cabinet Meeting which takes place later today. Later today also, france will be presenting the governments blueprint to the National Assembly on tuesday afternoon, and that should outline how they plan to ease peoples confinement as well. Is the original epicenter of the outbreak on the continent that will soon allow people to leave their homes for the first time in weeks, and that should mean they will be joining other countries including the likes of germany and austria in relaxing of shops to array open up including tattoo studios. In the u. K. , Boris Johnson saying the British Public should keep on obeying lockdown rules to avoid a disasters second wave of this outbreak here as well, coming as the number of recorded deaths from coron
Find great offers and value, today, at xfinity. Com im meteorologist from my backyard. Well lose the cool front today and gain warmth. How warm coming up. 420 prepandemic compared to now. How coronavirus is changing the cannabis industry. Oil prices turn negative for the first time ever. What can yu expect the next time you pump gas. Thieves arent just coming after whats inside. Theyre now stealing tires. President trump says he will temporarily suspend immigration into the United States because of the coronavirus. He sent the message by twitter. Governor nuch says california will not ease the shelters in but counties can ease restrictions as long as they obey the state order. 420 wasnt the same. Normally thousands gather to celebrate. This year it was empty. After the city vowed to crack down because of covid19. Georgia governor plans to partially reopen this week. Many businesses will open on friday and more next monday. These are tough decisions. No doubt. A historic drp the price o