Spread widened out. Thursday in terms of the eu, and theres going to be clashes about whether or not we see joint debt issuance. Vonnie we will speak to maria tadeo about that in just a few minutes. In the u. S. , we are seeing equities dragged lower by oil, down almost 40 at one point, and back there again now. We are trading at 10. 85 for a barrel of wti. It is really insane levels of trading. The contract expires tomorrow. Vix trading at about 40. One stock to point out, united airlines. Obviously, the airlines having a terrible time of it. It is talking about topol revenue in the First Quarter about total revenue in the First Quarter down 17 . It will get 5 billion through the payroll protection programs, but it is just one of the airlines having a hard time. Right now, homebuilders are the worst performers in the s p 500. Guy lets get back to that board we were showing you at the top of the program, the price of debbie ti crude of wti crude trading 10 a barrel. That is the lowest
A huge agreement has been reached between the Trump Administration and u. S. Airlines for a bailout package in the billions included in the 2 trillion dollars stimulus package signed on march 27th was about 25000000000 dollars for the Airline Industry but until now the Treasury Department and the airlines had not come to an agreement on exactly how or under what conditions the airlines would receive that money now the greenman which came together late tuesday includes warrants that could lead to the federal government owning equity stakes in the companies and requirements that 30 percent of the assistance would have to be paid back now according to treasury secretary Kerry Stephen minucci and the airlines that will receive the funding include Alaska Airlines Allegiant Airlines American Airlines Delta Airlines Frontier Airlines Hawaiian Airlines jet blue united sky west and Southwest Airlines now conversations continue with airlines regarding their potential participation now thats of c
Prices are falling the lowest for oil in two decades and u. S. Futures below 20 per barrel. South koreas ruling party looks for a thumping victory at the polls. Happening right now, President Trump addressing the public outbreak. Take a listen. Because of the virus and the problem. We have to do it. We have to do what we have to do. I think any administration has done near what we had to do. Every week we put up roadblocks whether it is russia or impeachment hoax or whatever it may be, it is always roadblocks and a waste of time. If the house will not agree to that, i will exercise my Constitutional Authority to adjourn both chambers of congress, the Current Practice of leaving town well conducting pro forma sessions is a dereliction of duty that the American People cannot afford during this crisis. It is a scam what they do. It and it hass been that way for long time. Perhaps it is never done before were never been done before, no one is sure if it has, but we need people for this cri
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
A long political stalemate in israel the Prime Minister signs a deal to form a unity government with the former opponent. We stand with you and we grieve if you. Canadas Prime Minister pays tribute to those who died in the countrys worst mass shooting as the death toll rises to 18. The World Health Organization is warning countries against loosening coronavirus long down restrictions that as governments in europe begin easing social isolation measures germany has reopened some shops and schools Nursery Schools in norway are also reopening to the Czech Republic denmark poland also lifting the shutters on some businesses but European Union Health Experts are warning the battle is fast. Over with infections nearing 1000000. 00 well india has partially lifted its lockdown allowing agriculture manufacturing and construction to resume that says the country reported its highest single day increase in new infections well Health Organization is caution countries the easing of what downs worldwi