Check futures, dow futures right now in the red to the tune of 360 points, nasdaq futures down 110 and s p futures lower by 40. Oil prices under pressure this morning. The International Energy agency warning that demand could plummet to less than 25 years. Airlines reaching a deal for Financial Aid. Mornings with maria live. Striking a deal Oil Producing countries agreeing to cut output by 9. 7 millionbarrels a day in an effort to stabilize the price of crude. President trump weighing in on much anticipated agreements. Countries around the world will cut Oil Production by approximately 20 millionbarrels. People are saying 10 million but we think the number that theyll actually hit is closer to 20 millionbarrels a day. This historic action will help americans supported by the oil and gas industry. Saudi minister say the cuts will amount to 20 million a day and confirmed what President Trump just said when taking into account policemens by other g20 nations and preserves. Prince abdulazi
After inside story by. Will record breaking cuts in production to stop the Oil Price Slump crude producers led by saudi arabia and russia agreed to the biggest of the reduction in oil. So who will be most affected this is inside story. Hello welcome to the program. Factories shut grounded cars and trucks off the roads in many cities under lockdown demand for oil has collapsed due to the coronavirus pandemic and Oil Prices Fell further when major producers saudi arabia and russia couldnt agree on cutting output now theyve set aside their dispute opec and the oil cartels allies agreed to a 10 percent Production Cut the biggest ever but the deal to switch off the top spy 10000000 barrels a day still needs approval from mexico. These circumstances require swift and timely measures all of our Oil Producing countries must pull efforts to change the situation related to the substantial over production of oil in the world the us it didnt take part in the opec discussions on thursday which are
We lead the program here in the United States as President Donald Trump addressed the social distancing measures taken within the country to limit the spread of the krona virus during his Daily Briefing wednesday the u. S. President pushed back against the idea of a nationwide lockdown leading up to states to make the decision. There are some states that are different so there are some states that dont have much of a problem there is so low they dont have the problem they dont have thousands of people that are positive with thousands of people that even think they might have it for hundreds of people in some cases so you have to look you have to look at that so that you have to give a little bit of flexibility even if the state. In the midwest alaska as an example. Doesnt have a problem so fairly tough to say close it down and the u. S. President was also asked about travel restrictions in the u. S. As a way of mitigating the spread. I am looking at hotspots and looking where flights a
A situation that some are calling the deepest crisis ever amid the pandemic will break that down plus as the u. S. Continues to soar in corona virus cases will its Health Care System be able to handle the strain coming up we bring in our resident expert on this subject for the full picture with a packed show today so lets dive right in. And we lead the program here in the United States as President Donald Trump addressed the social distancing measures taken within the country to limit the spread of the krona virus during his Daily Briefing wednesday the u. S. President pushed back against the idea of a nationwide lockdown leading up to states to make the decision. There are some states that are different so there are some states that dont have much of a problem there is so low they dont have the problem they dont have thousands of people. That a positive with thousands of people that even think they might have it or hundreds of people in some cases so you have to look and you have to l
Fractional moves overnight in asia. And now the latest on the coronavirus this morning. 1 Million People have now become infected. The United States is representing nearly a quarter of the world cases and the cdc is expected to advice all of americans now to wear cloth masks in public to stop the spread of the virus. Vice president mike pence saying that the new guidelines are coming in the next few days, this on top of social distancing rules. The Coronavirus Task force keeping close eye on louisiana, michigan, indiana, georgia and illinois as next potential coronavirus hot spot. In louisiana 26 of all tests are coming back positive. Connecticut being watched closely this morning. Covid19 fears growing abroad stranded crew ship. Princess cruise ship headed to florida today with several infected passengers, comes as a crew member dies on the celebrity infinity ship sitting off the coast of st. Petersburg this morning. Cruises finally dock at port everglades. Passengers will remain on b