Inspect a face mask production facility. Its a clear signal hes out and about for the first time in weeks. The markets like this. The opening up, that is. Look first at the price of oil. Th 23 a barrel. Thats because production has dropped sharply, limited supply and the likelihood of a pickup in demand as more businesses open up. The president just tweeting on that literally moments ago. Here it is. Oil prices moving up nicely as demand begins again. Thats the backtowork movement evident in the oil market. Stocks, they are going up, too. Reopening is popular with investors. Look at this. Lot of green, lefthand side of the screen. The dow is going to be up about 300. The s p up 36 and better than a 100 point gain for the nasdaq. Yeah, tuesday, may 5th, a positive tone today, if you ignore the everwhining media. Varney company is about to begin. Stuart lets get right at it. We will bring you an update on the reopening of the country. California and new york, both outlining their plans.
Company well speak with a former amazon employee who criticized the companys working conditions during this pandemic alright its time to bootstrap views i. Begin this hour with the global fight against coded 19 today the pandemic now tops 3600000 cases across the globe with about 254000 reported deaths about a 3rd of those cases right here in the u. S. Where there are now over a 1000000 confirmed cases and about 70000. 00 deaths meantime in hard hit new york a total of 319000 cases and 25000. 00 deaths and now a Mysterious Illness has shown up in the state hospitalizing 15 kids leaving doctors puzzled arties trinity chobits has the story. Today new concerns coronavirus may be linked to another life threatening illness but somethings happened the last few days its beginning to concern our health department. And again parents Pay Attention because it does involve our children. Me york city issuing a Health Care Alert after 15 cases of a multisystem employment or a condition called callou
International. Prices suffered the biggest collapse in 30 years before rebounding slightly as saudi arabia stepped up its price for. Oil prices plunged up to 30 percent on whats been dubbed black monday the biggest single day since the 1st iraq war sparked by a spat between top suppliers riyadh and moscow who couldnt agree a deal on production opec proposed output cuts in response to forming demands due to coronavirus concerns moscow disagreed noting that that would simply give an unfair advantage to u. S. Crude produces insists it wont give up its benefits. The Russian Oil Industry has a high quality Resource Base and a sufficient margin of financial strength to remain competitive out any predicted price level as well as maintain its market share for russias interests this deal is simply illogical we giving up our own markets remove cheap arab and russian oil to make way for expensive american shell and make it worthwhile for them as the Mainstream Media have called russias refusal re
For good morning to you thanks for joining us here on r. T. International. Wall street has suffered its 1st automatic halt in trading in more than 2 decades after stocks fell nearly 8 percent shares were spooked by the biggest collapse in the old price since the ninetys before rebounding slightly saudi arabia stepped up its price war. Google or more market share crazy right here in your money pretty much a chart of the Oil Price Crash exacerbating some of the fears so then a real rout on the stock markets not seen since the height of the financial crash more than 10 years ago the markets slumping heavily. Or prices plunged to 30 percent on what has been dubbed black monday in the biggest single day full since the 1st iraq war it was sparked by a spat between top crude suppliers rhythm moscow who couldnt agree a deal on production. So the arabia says that it will slash prices to grab market share from russia after opec proposed output cuts in response to fall in demand due to coronaviru
And joining us this morning this is r. T. Internet. Prices have suffered the biggest collapse in 30 years before rebounding slightly as saudi arabia stepped up its price war or prices plunged up to 30 percent on what has been dubbed black monday thats the biggest single day for since the 1st iraq war is sparked by a spat between top suppliers riyadh and moscow who couldnt agree on a deal on production opec proposed output cuts in response to falling demand due to coronavirus concerns but moscow disagreed noting that that would simply give an unfair advantage to u. S. Crude producers russia insists that it wont give up its all firms benefits. The Russian Oil Industry has a high quality Resource Base and a sufficient margin of financial strength to remain competitive fight any predicted price level as well as maintain its market share for russias interests this deal is simply illogical we giving up our own markets remove cheap arab and russian oil to make way for expensive american shell