Reopen and companies to bring 50 of their workforce back to the office. He was asked about testing and the strategy for Contact Tracing to help combat the coronavirus. A quick update, 10,868 confirmed cases. We have 506 deaths. Deathdo passed the 500 mark. We knew we would. There are many more ahead and our hearts go out to the families and loved ones of those who have lost their lives due to this deadly virus. I know everyone is eager to hear more about this next phase, the safer at home phase, and i want to reat a rate, as i said a number of times this is not going back to normal. This is not, going back to the way we lived in january or february, it is how we can have a Sustainable Way of life for may and beyond, a way we can get the Health Protection we need, the psychological ability to endure and the economic ability to render for families in need to put food on the table. Safer at home for coloradoans means we need to limit social interactions to the greatest extent possible to
What may be the most important stock in the market right now. The roller coaster ride that is crude Oil Continues last night, july falling below 18 a barrel a lot going on on this wednesday, april 29. You are watching Worldwide Exchange here on cnbc good morning welcome from wherever in the world you may be watching. Im Brian Sullivan here is how your money and markets are setting up their wednesday. The dow did fall a bit yesterday but as bob pointed out, many thought it was a relatively good market day for this reason it wasnt just the four or five big cap tech stocks leading the way as they always had been. Banks, small cap stocks, which had been notable underperformers were actually stand outs some people want to see that kind of rotation today, Big Cap Technology could be in focus. Following googles quarter which wasnt as bad as some feared, stock up nearly 8 premarket. Oil on a macro level becomes the metric to watch. Crude oil in the frontmonth contract, which is june, is tradin
Confirmed cases. The country has extended its state of emergency through may 9. Global news 24 hours a day, onair, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. In new york, 1 00 6 00 in london, 1 00 a. M. In hong kong. Im vonnie quinn. Welcome to Bloomberg Markets. Here are the top stories we are following from around the world. U. S. Stocks are raising gains from what has been a recovery rally. The s p 500 was up almost 2 but losing ground now on a ft report that gilead, maker of remdesivir, may not be as effective. Jobless claims rising by 4. 4 million last week but a number coming in slightly less than expected. Total job losses now top 26 million in the wake of the coronavirus outbreak. In a few minutes, an exclusive conversation with the former National Economic Council Director gary cohn. You dont want to miss that. Lets get a quick check on the markets. 8 , p 500 is up just giving ba
Still hovering at just 16 a barrel in the futures market the ceo of the oil and gas Drilling Company pattersonuti energy will be here. That as another 4. 4 million of americans file for jobless claims in just one more week bringing the total to more than 26 million in the past five weeks. Its a stunning number well dig into it. Kelly, over to you tyler, thanks its been a volatile day in the market after the gilead report hit the requires about an hour ago. Lets get to bob for more. Kelly, i want to show you the s p 500. There may be conflicting reports about what it said the market viewed it as disappointing. T there was a very sharp drop in the s p 500. We lost about 35 points. Were now below 3,000. Thats a significant drop. Reports that the remdesivir trials were not good look at this exxon and chevron just keep chugging along although pretty low levels for them. I want to remind everybody how Many Companies withdrawing guidance theres many, many every day now. Today, we saw pulte, U
People around the world put their ideas for coping with the current virus into practice. Im Claire Richardson welcome to the show u. S. President donald trump has been defending his administrations actions over the Coronavirus Crisis saying the spread of the virus was slowing but at his Daily Press Briefing an angry trump rounded on journalists who criticized his response insisting it had been right and accusing the press of spreading fake news remember this everything we did i was criticized because those 2 are only. If i waited longer it would have been you were included if i went way early if i went 3 months earlier i would have been critical of you know criticize for being way too early so with all of that being said. We understand. I think. I bid you created a lot of people as to the press and i would love to be able to say that we have a very honest press honestly john theres been nothing i would be more proud of if the press would work and i dont want to be included. But not whe