Today. We are seeing crude fall 13 when it comes to w. T. E and the phillipines, that is one of the weaker side. But when it comes to the june ontracts, down 4 to 19 bucks. Look at what it comes to w. G. E . We are hovering around the 11 mark when it comes to new york crude, down 13. 6 . We mentioned about the United States oil fund, the largest oil fund in the world selling off e and ingsings in w. G. Unexpected move. Lets get more analysis with jp morgan asia yeah strategist. Is this starting to hurt the equity market . I think the moves that we are seeing in the oil complex is very, very specific. And looking across massive impacts doesnt i think the easiest thing to see the forward looking long data futures on Oil Prices Remains rather stable and it is not assuring. And the weakness we are seeing the new york futures is specific to the supply and storage they are seeing. I wouldnt put too much into that will market at this point. Interesting you say that, there is a divergence and
A slew of corporate earnings role in over the next few weeks. Ibm withdrawing its forecast. Have netflix for you tomorrow. Tech this morning buoying the markets. Is taylor riggs in new york, who has been following all of the back and forth. A wild day. Nasdaq up and down. Taylor firmly in the red on the closing bell. Nasdaq at one point in the green, then turning red solidly, off about 1 . What is going on in the oil markets. To goinute, i will try through some of the technicalities. It is the may contract up for expiration tomorrow. If you are a holder of the contract, tomorrow, you have to take delivery tomorrow. Thehad a massive selloff in may contract, at one point settling down at 37 per barrel as traders tried to unsettle may and roll that forward into the june and july contracts. A much better indicator of where oil is trading at the moment. A much better indicator but barrel. Ess 37 per it will be all about june and july going forward. Go tone contract could about demandl destr
Keeping an eye on the treasury market, the 10year right about 0. 638 for that yield. Right now time for the squawk planner. The American Economy has lost about 8. 8 million jobs in the last three weeks economists are expecting the loss of an additional 5 million. Well get Housing Starts data with a decline of 15 for the month of march we have a big lineup of guests starting at 6 30 eastern with black rocks larry fink. We also have ken fine berg, dr. Emanuel, barry diller and House Majority leader mccarthy coming up and cases to top 2 million u. S. Cases top 640,000 new york cases over 21,000 new york governor now squarequi people to wear a Face Covering when out in public that takes Effect Tomorrow becky. Joe, everybody in engel wood cliffs right now is wearing a mask everyone who is not on air it is something they are take very, very seriously too im thinking about exactly what it means when we are all trying to get back and when we are in the nasdaq. I think in the entire place, it i
These are the markets, not as sharp as the selloff is yesterday, but markets seem on hooks accounting for new cases coronavirus, and what happens to quarantines and isolations, and what happens to the economy. European stoxx 600 flat. Fell 6 if not more, now down 0. 3 . The u. S. 10 year yield, a good litmus test when looking at risk, s p futures up, they were lower a short while ago. At 10652. Lets get to the first word news. We begin with u. K. Prime minister Boris Johnson facing complaints of bad faith ahead of talks with the eu. Both sides are accusing the other of backing away from past promises. Johnson says it will take priority over a trade deal. Bernie sanders and Michael Bloomberg has escalated, mr. Bloomberg criticizing bernie control record, and sanders suggesting bloomberg could not win a debate against donald trump. Sanders is favored where bloomberg will be on the ballot for the first time. Michael bloomberg is the owner and founder of the Parent Company of bloomberg new
There is an insufficient regulatory structure in this sector. And in the 2019 Election Security hearing the Brennan Center for justice road his testimony called mac there are more federal regulations for margin one magic markers than Voting Systems and election infrastructure. There may be work for Congress Many have concerns with Remote Access and software we want to make sure companies no longer sell Voting Machines with Network Capabilities in 2019 a group of Election Security experts in ten states would connect to the internet despite one claim the systems were not. We need to understand supply chain. December 2019, a Study Released by a supply chain Monitoring Company 20 percent of the components in a popular voting machine came from a china based company. And furthermore close to two thirds or 59 percent had locations in either china or russia. I have also heard concerns about ownership and control of vendors in public reporting indicates all three major people represented are pa