A system you can count on, we need transparency. President trump ramps up his Public Campaign to blame china saying he has seen evidence linking the outbreak to a lab in wuhan. I think the World Health Organization should be ashamed of themselves. The threat of tariffs weighs on the futures rbf and posted better than expected profits revenue surge and shares sink. Jeff bezos plans to spend 4 billion on virus response measures apple beats top and bottom line forecast in the First Quarter but ceo tim cook said he wont pretend to provide an outlook. Sending shares red after hours a very good morning to you and welcome to street signs. A rough start to may, the only stock markets that are open are trading lower after washington and beijing increased overnight. Threatened new trade tariffs against china after claiming the coronavirus outbreak originated from the country the president did not offer any evidence adding, quote, im not allowed to tell you that and also saying the worth Health O
The white house and the house of representatives seem to be in negotiation with the senate, a Republican Senate really stepping aside, and mr. Kudlow moving that forward. The oil story is absolutely remarkable, and perch yearly the confusion of the end of may futures, and over into the june futures as well. We are about ready on the spot market to get a 13 handle on west texas intermediate. Francine you are right, because of the change in futures contract, we could see heightened volatility in the next couple of days, starting from today. Lets get to first word news in new york city with viviana hurtado. Viviana the white house and Democratic Leaders are close to agreeing on the next coronavirus eight. This measure would be up to 500 this next coronavirus aid bill. Formeasure would be hospitals and testing. Trying to free up cash for businesses, it will allow importers and manufacturers to delay payment for 90 days, this on many overseas products. But the move does not stop ongoing pun
Storage is limited amid the coronavirus prices. Oil closing, folks, at the lowest point ever seen since the original Oil Futures Contract began trading back in 1983. The drop is choking the stock market. We are very close to session lows at the moment, with the Dow Jones Industrials down as far as the biggest percentage loss here, 2. 25 or 534 points to the downside. The market action, believe it or not, would actually have been worse if it werent for the fact that we could be just about 72 hours away from another half a trillion dollar infusion from the federal governments financial fire hose, as congress inches closer to a deal to replenish the Small Business loan program. Congressman kevin brady, republican of texas, is the Ranking Member of the house ways and means committee. He is here live and we are going to ask whats going on behind closed doors as best he knows, and whats the plan eventually to pay for all of this spending. We are learning that some of the rescue money went wh
Where fighting has intensified despite a saudi led ceasefire the ceasefire comes at the recommendation of the United Nations over the corona Virus Outbreak during the 2 week suspension yemens internationally recognized saudi backed government was supposed to work on bringing its yemeni rival the who thiis to the table for peace talks however who is the Officials Say theyre skeptical of the cease fire calling it a political and media maneuver to remind everybody yemen has been roiled in a civil war since 2015 after the who these captured the Nations Capital ousting then president. Hadi who now leads the internationally recognized government from exile in saudi arabia this year the International Rescue committee ranks yemen the worst humanitarian crisis in the world the war has made the country particularly susceptible to the pandemic unfortunately hospitals in yemen are already. Ravaged from the war and medical workers struggle to help the Saudi Led Coalition has launched at least 20000
Bombing of yemen just as the u. S. Defense industry has profited from this war what do you think about the u. S. Helping to starve millions of people in yemen. Well 1st of all lets be clear on something the United States will never admit to doing anything wrong that they will then push the blame to someone else i find it despicable you know they talk to us here in this country about our 2nd amendment and about us giving up our weapons at home and our guns and all this and yet the United States is the biggest seller of weapons throughout the world now i ask you this both are heinous if someone goes into a school and guns down children that is a heinous act its horrifying but whats the difference between that if a missile goes off target and lands and kills 150 innocent civilians remember this in war the biggest the biggest casualties are the innocent civilians not the people fighting the war not the soldiers on one side or the soldiers on another side its innocent civilians and the Unit