Are doing here and why we are doing it, this is part of an ongoing series sponsored by the center that historical current issues. The center itself is strictly nonpartisan and the purpose of the program its not to advocate for any particular policies, but to provide Historical Context helping inform policymakers as they deal with difficult issues. I want to thank or acknowledge the Financial Support of the mellon foundation, which makes this briefing possible. I also want to thank regional weekly in the back of the room, which is the assistant director that helped organize this. I want to thank the office of gerry connolly, and also alert you to the fact that you all have index cards on your chairs. This is for questions. As the presenters are speaking, feel free to jot down questions. We will collect them. The second half will be devoted to q a. We will collect the questions and go from there. Thank you all for coming. David . Good morning. Thank you for coming. I have been Teaching I
So i welcome you this morning, thank you all for coming, my name is dane kennedy. Im the director of the National History center. Which is sponsoring this briefing. It is on the geo politics of middle east oil, Historical Perspectives on the current crisis. I want to just briefly explain what we are doing here and why were doing it. This is part of an ongoing series sponsored by the center that brings Historical Perspectives to current issues. The center itself is strictly nonpartisan. The purpose of the program is not to advocate for any particular policies, but in fact to provide sort of Historical Context to help inform policy makers and the public as they deal with difficult issues. I want to thank or acknowledge the Financial Support of the mellon foundation, which makes this briefing series possible. I want to thank rachel wheatly in the back of the room who is our assistant director and has helped to organize this. I want to thank the office of jerry connelly. Which has booked t
Big stories here, francine, the idea in america, the spread of the virus, just getting ready of this hour of bloomberg surveillance, you hear the sirens constant in the background here in upper East New York city. In particularne is of focus on louisiana, and the other issue, francine, picking up the debris of all the those factorsof is able market with a vix of 63 a bull market with a vix of 63. Francine yes, we will have a lot more on the market. First, lets get straight to new york city and bloomberg first word news. Here is viviana hurtado. Viviana we begin with a major change in tone overnight between the u. S. And china. President donald trump and xi jinping pledging in a phone call to cooperate, this in the fight against the coronavirus. This comes after weeks of rising tensions between the two nations. President trump tweeting, we are working closely together. Relations between the two sides are on a critical moment. Now the u. S. Press surpassing china now the u. S. Surprising
And Boris Johnson out there clapping for carers britains streets are filled with the falls right night for the National Health Service Workers. For the economic devastation caused by the krona virus is becoming clearer with the u. S. Announcing a major rise in the Unemployment Rates a record 6600000 americans a point for Unemployment Benefits for the 1st time in the past week thats 3000000 more than the week before some 10000000 people in total in the u. S. Still benefits in march there was a similar story over in spain the locked down there has cause more than 800000 redundancies last month many of them Seasonal Workers such as those in the hard hit Tourism Industry and 3 and a half 1000000 spaniards dont have a job or toll and the number of british people applying for government benefits is 10 times higher than normal almost a 1000000 brits claimed universal credit in the last c. Weeks and thats despite a stimulus package aimed at preventing layoffs well lets get more now on the situ
Workers on the front line demand immediate action. A slum on the brink of even more despair the coronavirus fears for a desperately poor part of argentinas capital. So and saudi arabia is calling for an emergency meeting of Oil Producers to try and stabilize the volatile Petroleum Market its happening its this backdrop of economic devastation caused by corona virus the United States has announced a major rise in the Unemployment Rate a record 6600000 americans applied for Unemployment Benefits thats 3000000 more than last week it is a similar story in spain the lock down there cause more than 800000 redundancies in march many of them Seasonal Workers such as in the Tourism Industry 3 and a half 1000000 spaniards do not have a job and the number. British people applying for government benefits is 10 times higher than normal almost a 1000000 britons claimed universal credit in the last 2 weeks thats despite a stimulus package aimed at preventing layoffs lets join him in how to use it in