70 drop in wti, trading under five dollars a barrel right now and still nobody is buying. That has the s p 500 lower but it is off of its lows, down about half a percent. Lower, thoseso indices are down to present. The dow has actually turned positive, some leadership in tech. The dollar also strengthening. Commodity currencies on the other side of that trade. 0. 7 anadian dollar, weaker. Basisyear yield at 54 points. Moment forfor the the obvious indicators. Abigail doolittle has a deeper dive in the markets. Abigail certainly an interesting day with stocks down but oil plunging. Lets look at some of the other indicators before we go into oil. Suggestingabout 40, volatility is returning to the market. The new normal many are talking about, the likelihood that of x will stay above 20, but right now above 40. Take a look at the highyield down 0. 8 . Risk off fitting the vix. Bid foring nonhaven the yen. Gold is rallying. 7 . Where we truly have risk off is oil. Just extraordinary. Wti c
Next for oil stocks kiging off in the red theres more than 750 cases 5 750,000, i beg your par doon well talk about that and more as we kick off this hour we kick it off with the markets in terms of Stocks Holding steady as energy is in a free fall. Its the story of the day. It will be the story of this hour lets get to bob with the set up for these markets. Bob. The important thing is we are well off of the lows. Industrials weak Consumer Staples are weak. Were not getting any bounce at all from those defensive plays that done so well for us in the last several weeks like proctor, cocacola. Not much energy there today. One good piece of news, the banks after a rather rough week, the etf bouncing about 6 from its high to low. The key regional banks are trading up most of them were trading to the down side. Finally, just on oil, had a lot of inquiries about uso and all these oil efts want to remind every one they own oil futures. Either the front month in the case of uso they tend to ro
Welcome to mornings on 2, a virginia, north carolina, key nice picture of the golden gate battleground states and spilling over to california and bridge. You can see a little cloudy, it will be mostly cloudy today and they will continue in california. As it was forward and we see this, officials, government officials are faced with a a little bit of sunshine here and there. Perplexing problem. Maybe breezy in some areas. Welcome, i know it feels like a will they restrict these folks a from gathering in violation of orders and does that involve monday, i heard mike say that arrest, or will they allow it . Earlier. You can tell when its monday, so far we have seen this moving you can tell when its friday. But sometimes tuesday to forward. Wednesday to thursday i dont it will be difficult, whether know. Folks were peaceably assembled, i dont know i work weekends. That is true, and thank you will they be treated differently from those who are worshiping on sundays and churches often in def
The presiding officer the senate will come to order. The clerk will read the communication to the senate. The clerk washington, d. C. , april 9, 2020. I hereby appoint the honorable roy blunt a senator from the state of missouri, to perform the duties of the chair. Signed chuck grassley, president pro tempore. The presiding officer the majority leader. Mr. Mcconnell i ask to be recognized, notwithstanding the previous order, for a session today. The presiding officer is there objection . Without objection. The majority leader. Mr. Mcconnell our nation continues to battle the coronavirus pandemic. More than 400,000 americans have tested positive. Nearly 15,000 have lost their lives. Nurses, doctors, and e. M. T. s are fighting this disease literally day and night. An important public and important Public Health measures are creating an economic catastrophe. This morning, we learned that 6. 6 million more americans filed for unemployment in just the last week. That means, mr. President ,
Things were finding out now too is that the management at many of these plants tyson foods j. B. S. Foods and smithfield actually encouraged workers even if youre sick you still have to come in were a vital part of the economy a vital part of the food chain they said so even if youre sick if youre showing symptoms we still want you to come in one employee described it as unless you were in a casket they expected you to show up to work the next yeah it was their call of their work but their their work while sick policy they actually had a policy to work while sick policy you know i cant i cant avoid the irony this is crazy smithfield as you know the biggest meat packer in the maybe in the world is owned by the chinese doing business right here in the United States so smithfield probably had some of the worst policies across the board in smithfield of all of them. Had every reason to know very early some was getting a hat good red happen but they provided no masks they provided no gloves