Welcome to the Virtual Event we are having. This is concerning confronting the healthcare crisis in Rural America. Today we are releasing recommendations for this. Im bill hoagland, a Senior Vice President with the center, and have the distinct pleasure of working with and overseeing our health care project. We have a very full agenda. Let me get a few logistics out of the way quickly. We are all adjusting to this new way of conducting meetings and events. We hope everything works out as we go through and i want to say thank you to the Production Company for helping us put this on. For those of you who have joined this zoom platform, you will receive a message shortly from one of our staff, morgan bailey, in the chat box function with a link to the report. For the viewers, the cspan viewers and others who wish to get a copy of the report, you can go to our website, bipartisan policy. Org, and a link will be on the bpc events page under the health section. Later this morning, you will h
A Senior Vice President with the center, and have the distinct pleasure of working with and overseeing our health care project. We have a very full agenda. Let me get a few logistics out of the way quickly. To this newdjusting way of conducting meetings and events. We hope everything works out as it goes through and think the Production Company for helping us put this on. For those of you who have joined , you willplatform receive a message shortly from bailey,ur staff, morgan in the chat box function with a link to the report. For the viewers, the cspan viewers and others who wish to get a copy of the report, you can go to our website bipartisanpolicy daughter, and a eventsll be on the bpc page under the health section. Later this morning, you will have an opportunity to submit your questions to our Task Force Members vie the q and a function at the bottom of your screen. To the purpose of this event, personally coming from a rural area of indiana with our family farm still operationa
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
Stockpiles. Chargecords its biggest for bad debt. The ceo joins us on the show and we will hear from upss ceo as its loanloss provisions rocket. Manus we will talk to sergio what isshortly, but interesting, loanloss provisions are not necessarily the biggest single item in his numbers. He spoke to us a couple of weeks ago. Hise are the numbers for bank, 1. 6 billion in terms of profitability. That is the best quarter in nearly two years. Better than what they had preannounced, but when it comes to loan losses, he talked about 268 million. He says pressure on income streams, but he says they have exposure of high quality versus hsbc, 3 billion in terms of loan provisions they are making, 25 billion for the u. S. Banks all the way around and santander, a provision of 3. 9 billion euros. Provisions are not the story within Sergio Ermottis graph. It is about what is happening with elevated client activity. They are seeing lowered activity and reduced income. Nejra when it comes to hsbc, cr
This hour. But the city where it all began is getting back on track. China lifts travel terms in wuhan, ending 11 weeks of lockdown that disrupted the lives of millions. Shery we are seeing kiwi stocks gaining ground. We had seen u. S. Stocks under a lot of pressure today. There was a lot of volatility. U. S. Futures continue to fall 3 10 of 1 . We have surged as much as 3. 5 in the u. S. Session, but that really wasnt supported through the end of the trading day. Bk futures also down nikkei futures down after japan unveiled the 108 trillion yen stimulus package. We have seven prefectures that declared a state of emergency. Current account balance and trade balance this hour. We have crude at the moment rebounding after falling to the weakest level since the start of the month. Trump hassident threatened to withhold funding from the world health organization. He has been telling reporters at the latest coronavirus White House Briefing that he is considering doing just that. Bealso said