That there are 100,000 chinese working in northern italy. And unlike President Trump, the Italian Government was politically correct and kept ,pen flights from china bringing in a substantial number of people who are carrying the disease. So italy was in worse shape than new york city. All of this was in northern italy. They felt the only way they could stop it was to stop the entire country. For the last seven weeks we have been staying at home. A few runs to the embassy virtually. Is verywhole situation different than you might expect. They are beginning to gain ground. Daysonsecutive gays there has been a slight drop each day in the number of intensive care units. Next two or three weeks macy italy open up. They went through a cycle where the only things you could do store oro to a grocery a pharmacy or a gas station. And if you were on the street without permission, they could fine you 3200. So they took it very seriously. I think they are close to turning the corner. One thing ame
Ibm will be reporting results shortly. First quarter numbers will be crossing. Parsing through the relief to about they say anything the first quarter. Those people were focused, fixated on the oil market where the may contracts closed at a 37 per barrel. Romaine they will probably be fixated on that tomorrow as the contract has the final day of trading. A lot of folks i have spoken four days,he last when they expect to see a rebound. 27 from up about those march lows, still down about 20 from the highs in february. There is a lot of indication in these names, teledock. There are a lot of people coming that they think there is a bottom. Now it is just a matter of whether we get the Economic Data and corporate profit data to back some of that up. Fill with us, katerina simonetti. Thanks for staying with us. I want to get back into our conversation. When you start to map out the longterm outlook, for equities, other Asset Classes as well, do you think there is a case to be made here that
Futures and negative territory for the first time on record. Air travel is floundering with carriers slashing services and grounding planes. Richard branson says the virgin operation may not survive. Today was big story the crash in oil prices. We have the wti futures settling at 37. 63 per barrel. You are taking a look at june futures at the moment. This of course still at a volatile level, but the real question being is will it suffer the same fate . Today, we saw the technical auditing exacerbating the price plunge away from the may futures contract ahead of the Energy Companies running out of place to store oil. U. S. Futures jumping 3 10 of 1 after they pulled back from a six week high. Quibi stocks under pressure. Jim. Ng us now is what was interesting in todays session was it a virgins we saw in the market. We had the price of oil collapse but at the same time, really not a lot of movement when it comes to the u. S. Stock market for the treasury market. Why are we seeing such di
About the flu. It seemed like something that came around every year and people would get sick and then better again. Within a few years ago, i a ima reporter for the New York Times and i read an article about a miraculous discovery there was a guy at Walter Reed Medical Center and he was reporting in a technical journal of Science Magazine that he somehow managed to there were fragments of the virus that killed him and when i interviewed this man about his work he told me about the pandemic of 1918 and i was stunned. I had never heard of anything like this. It was the worst Infectious Disease epidemic in history. It affected us on many people te that have Something Like that came by today, it would kill more people than the top ten killers got together, 1. 5 million, something of that mortality rate. Had i just found out by looking at the papers for the centers for Disease Control that 99 of the people that i did the epidemic were under age 65, so it was an astonishing devastating epid
U. S. Trading after west texas futures end in negative territory for the first time ever. Ups sees some light at the end of the virus tunnel. The ceo tells us ecommerce is almost thriving compared to traditional sectors. Lets take a look at the oil lets get to sophie kamaruddin, who is taking a look at highlights for us in hong kong. Sophie the relative resiliency of the markets we have seen of late have brought several benchmarks in the region of asia into bull market territory. That will be tested in the face of this oil rout. Futures. Eing mixed nikkei futures in chicago while kiwi stocks are extending mondays drop. Lets switch up the board to check in on signaling perhaps the recent optimism and equities may be unwarranted and this money, gold resuming losses but still closer to its high of the year than it slows that were hit in february and treasury futures are now unchanged after we saw the u. S. 10 year yield with alltime lows on monday and the dollar little changed as well wit