The banks and government begin to roll out a 350 billion loan relief package Consumer Staples just turned positive rest of sectors are negative 59 minutes left of trade coming up on the show, well speak exclusively with Jeffrey Katzenberg well ask him about the Coronavirus Impact on the entire Entertainment Industry plus, the ceo of go daddy yoins us with a look at how Small Business clients are dealing with the kris and of course with job losses but we begin with breaking news in washington. President trump meeting this hour with executives from Energy Giants like exxon and chevron at the white house. Brian sullivan joins us now with more about what we know, brian, about this meeting yeah. What we know, what we dont, thank you very much. A couple of things here, one of which is obvious, one less obvious. These oil executives, the ones weve talked to, that ive talk ed to off the record, said theyre not looking for a bailout. They dont want any kand kind of a bailout. Theyre being reque
Lets go straight to the markets desk work julie hyman has the latest. It looks like mario draghi caused a bit of a selloff. Can debate theou combinations. It is causing a slight selloff. Dowcontext for the s p and is that we close the high for the year. Yesterday was the high since last summer. So, investors, as we get to the sorts of levels and valuations, you get a regular says it as to whether the recent rally is justified. Of course, mario draghi asking for the ecb stimulus measures to work. That is having a clear impact in places like the currency markets, we know that mark will ve more details on the euro. Here is the dollar, looking at the bloomberg index, you saw as drug use speaking, we have a rebound back up 1 10 of 1 , also, looking at a movement in oil prices. Down, still above 43 per barrel. That is the mario draghi ripple effects side of the region. Companies ine 109 the s p 500 that reported earnings. Is a looking at the bloomberg. It is hanging onto a gain of 60 of the
You can bet on in vegas this week is a great gathering of extraordinary minds across the financial industry. We are going to be talking to a few. Mike novogratz. Bruce richards. There you go. Erik these are just three of the guests we have lined up. Stephanie how about a little news. We will take you to the bulletin. These are the top business stories. The labor market may be moderating with the economy. Companies added the fewest numbers of workers in more than a year. Private employers hired 169,000 people. That was fewer than forecast. We will get the jobs report on friday. The price of oil is rising. It hit the 62 a barrel mark. There is speculation the oil gluttony may be easing. The u. S. Companies have reduced the number of active oil rigs to the fewest in years. Glad i am talking to Boone Pickens while i am here. Shares of herbalife are up. It boosted its forecast and posted betterthanexpected earnings for the First Quarter. They are in a two year battle with mr. Ackman. It has
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