Heavy classes reported between saudi military and in the east of yemen. The death toll in chinas coronavirus has risen. It is now at1,789. 93 people have died in the last 24 hours, in Hubei Province, the epicenter of the epidemic. Over 1800 new cases were detected there on monday. The total number of infections 73260. De, beijing has taken drastic steps to contain the virus. It has deployed more medics from the military into hubei. For the first time in recent history, the ruling commonest party is considering delaying its annual congress, the years we political meeting. The World Health Organization says this china coronavirus, officially known as covid19 is less deadly than previous outbreaks like sars, even though it is more infectious. We start with this report from hong kong. Millions of chinese are returning to work. Some companies have reopened their factories as they try to get back to business as usual after being shut for weeks. 50 of our employees have returned to work, brin
Have we reached a bottom or is this still more room to fall for oil prices its possible that theres more room to fall if opec and plus russia doesnt actually end up coming through with those supply cuts if they dont then you could see will fall further and therefore will fall through the 50. 00 to 55. 00 area i think in the near term youre going to see a lot of traders get on shorts and take that lower but i think that will be short lived i think ultimately the risk is really more to the upside than the downside and so there are actually traders out there you know ranting supertankers and will facility space in south korea to the to the millions of barrels of oil that theyre storing on that oil will eventually rise and i believe that theyre right now sean are we still looking at a chance that chinese Oil Storage Capacity could actually run out and oil prices overshoot even more to the downside. Its possible they dont really publish their numbers officially but from what i gather theres
Running out my guest is a c. D. U. Parliamentarian who serves on the Foreign Affairs committee can his party find its soul and its backbone as europe and the world looks to germany to live. Moderate hes about to welcome. How could an election into one of the smallest german states bring down the hand selected successor to Angela Merkel on about are are you that weak as a party well i dont think so but we have underestimated or the ramifications of touring year or so that we have to recognize that the Christian Democratic Union has lost the elections in this country some months ago and we have not taken serious consequences so this was the 1st mistake inside the party of touring or the 2nd mistake was that we have underestimated the role of the parliament interest and 3rd we have underestimated from the law and the 50 and therefore i think we should be very decent and very careful for the next weeks lets talk a little bit more about the a. F. D. Because america german chancellor has cal
Also cut supply again by 1700000 Barrels Per Day though any decision made was obviously take time to implement so where do you think this equilibrium is at and have we reached a bottom or is this still more room to fall for oil prices. Its possible that theres more room to fall if opec and plus russia doesnt actually end up coming through with those supply cuts if they dont then you could see oil fall further and if oil falls through the 50 1. 00 to 55. 00 area i think in the near term youre going to see a lot of traders get on short and take that lower but i think that will be short lived i think ultimately the risk is really more to the upside than the downside and so there are actually traders out there you know running supertankers in. A facility space in south korea to the tune of millions of barrels of oil that theyre storing on bets that oil will eventually rise and i believe that theyre right. Are we still looking at a chance that chinese Oil Storage Capacity could actually run
Running my guest is a c. D. U. Parliamentarian who serves on the Foreign Affairs committee can his party find its soul and its backbone as europe and the world looks to germany italy. Hes about to welcome. How could an election into wrong one of the smallest german states bring down the hand selected successor to Angela Merkel on a car or you that week as a party well i dont think so but we have under estimated or the ramifications of touring year or so that we have to recognize that the Christian Democratic Union has lost the elections in this country some months ago and we have not taken serious consequences so this was the 1st mistake inside the party of touring or the 2nd mistake was that we have underestimated the role of the parliament interest here and 3rd we have underestimated from the law and the f. D. A. And therefore i think we should be very decent and very careful for the next weeks lets talk a little bit more about the f. D. A. Because uncle americal german chancellor ha