Putting pressure on oil markets as well. And marie hoarder me for more. Walk us Annmarie Hordern joins me for more. Walk us through the veracity of the selloff, and does it last . Annmarie the next 24 hours is going to be quite bumpy for this may contract. Basically, it is Financial Derivatives meeting the physical oil market and what we are seeing on the storage side. If you are not out of this position financially and you are a futures trader, you have to accept the physical oil. The problem is, theres really nowhere else to put it. Look at cushing. That storage is quickly filling up, and that is the main hub in the United States, where you have pipelines to canada, the midlands, or the gulf. The may contract now trading at , which3, plus contango means if you look at the june contract, trading at about 23 a barrel, it is about a nine dollar differential, the most on record. If you look down the table of what you see for june, july, august, the prices are certainly higher on the futu
Some lawmakers are expected to vote against this. Not a significant number to derail it. David how many people do they need and are they sure to get it . Kevin they are helpful. In order to have the quorum, they would have to have at least more than a majority. Beyond that, many lawmakers scrambling to make the vote in time because of flights and precautions they want to take. David quite a lot of drama. Thank you so much to kevin cirilli. Lets go to monetary stimulus. We have mike mckee here. Two important interviews today. Welcome. What did you learn today . The 2alking about trillion bill. That 101 leverage and we could talk about a 6 trillion dollar bill. Both fed president s said they want the economy to come back as quickly as possible, but it could be a while. We could have some tough months ahead. If the stimulus money gets out there, it should help people and then we could see the economy return because we were strong going into it. David talk about jobless numbers, not as bad
That its changing rapidly to understand why people are anxious to figure out how concerned they should be. What is changing, what is different this time and what can we do to ensure the coming era of change leads to some degree of shared prosperity and our focus is on the labor market and how we make the labor market function while for as many workers as possible. That is where we see the opportunity and also the challenge, kind of a lesson if you read our report which was just released last week. It is on making the work work and thats why its such an honor to have mary gray from the University Research talking about her book ghost work and here is a photograph. To get a tiny bit of background, her work has been on the sort of communication and use of technology and how they use technology and other means to establish across places and to maintain anonymity. She was recruited to work on projects and once there got interested in the question of how Artificial Intelligence wasnt just so
Faculty member of the Economics Department and the cochair of the mit work of the future attack force that was commissioned a year ago the spring and the purpose of the task force is to engage in confront the sense that many have that the labor market and technology is changing rapidly to understand why people are anxious, to figure out how concerned they should be, what is changing and what is different this time and what can we do to ensure that the coming era of change needs to not productivity growth but some that show up in our focus is on the labor market and how we make the labor market function well for as many workers as possible. Thats where we see the opportunity and the challenge in the lesson if you read the Task Force Report which was released last week, one thing that we s say, i think a critical economic lesson of the 21st century, a wellfunctioning labor market is the foundation for a healthy middleclass in a wellfunctioning political system. Without that foundation of
Bidens big victory on saturday shape super tuesday just two days away now with Bernie Sanders, Michael Bloomberg and all that money in play well talk to chuck todd in a moment also, the first death in the coronavirus outbreak here in the u. S. The victim a Washington State man in his 50s and now fears there may be an outbreak in a Washington State nursing home a live report just ahead. And later, a sunday sit down with Country Singer luke cohn. He learned to play the guitar only eight years ago and quickly raced to the on the of the charts with his big voice and his every man appeal. I think the special thing is theres nothing special. You know like theres no gimmick. My thing was i wasnt going to wow anybody with, you know, my looks or clothi, you know i never wanted to to do that. A sit si, myn with luke combs is just clothing or i and i never wanted to do. A sitdown with luke combs then the architect using the technology to help guys with a. L. S. Like himself. And harry smith visit