Hardpressed drillers . We will ask. Now we are quoting the next contract for june delivery. The price coming in at, where was it moments ago, what was it, 15, 16 a barrel. The president will fill the Strategic Petroleum reserve with up to 75 billion barrels. That helps storage capacity. But it makes no impression on collapsing demand which is at the heart of the oil price problem. A lot of people expect that that price, the one we see right now, what was it, 16, 15 a barrel, expect it to down from here. Well see. Stocks, theyre down in part because of the Oil Situation. Its another indicator of how badly the virus is affecting the economy. Investors not happy about the demise of Americas Energy industry. The dow will be down 500, s p, lets see, 54 points down and the nasdaq down about 82. A small loss in percentage terms compared to the dow and the s p. Well, the president s twitter account active last night, late last night. He called the virus the invisible enemy and said he would is
It goes downhill from there. That is clear political bias, contempt for the President Trump inside the investigation. Today we will pill back the layers of the story. You will see the deep state of work. Now look at this pivot 99 of the vote counted, Democrat Doug Jones at wheaton republican roy moore in the Alabama Senate race. A defeat for President Trump for backward more. It is a defeat for the Republican Party which will have a slim 5149 majority in the senate. Democrats much stronger than the 2018 elections. This one affects the compromise on taxes. A corporate rate of 21 and a top individual rate of 37 . Given the alabama result, the republicans very quickly. Money looking at a market that will open flat to slightly higher through the focus on tax cuts in getting the deal done quickly. The president make his final pitch this afternoon. Varney company is about to begin. Well, talk about a political bombshell. Here it is printed text between peter strzok and lisa paige obtained by
Money. This has not gone unnoticed. Her lead in the real clear politics polls is narrowing and narrowing fast over the past couple of weeks. Here is the state of play. Clinton supporters think theyve got a sewn up, but the nagging scandals will not go away and she will not address them directly. Donald trump, working overtime. Addressing massive rallies on every subject and hes not going off script. Hes in rebound mode. Hillary stuck in scandal and dont forget, this election will directly affect your wallet. The economy, the markets, they are starting to foe consist on the vote. And so are we. Varney company is about to begin. All right. Everybody. News this morning of a domestic attack, im going to call it terror, in virginia. An attacker shouting allah akbar trying to behead his victim. Looking into isis ties. Ashley another disturbing story, the 24yearold attacked a man and woman at an apartment complex in roanoke, virginia, both were seriously injured and they survived, but now the
Flee the chaos of muslim north america. Meanwhile, stocks up. China says its going to stimulate with lots of cash. You know investors like that. And furious 7, more than a billion dollars made worldwide. 250 million from china. Varney company is about to begin. Ashley well, check out the big board and thank china thats stimulating its economy by, well, what else . Printing more money. What a great idea. Certainly boosting stocks here, the dow up 2k5 9 points 259 points, pretty much erasing the losses from friday. Meanwhile, hasbro is a winner. It makes its money these days not from toys so much as licensing movie characters. It has frozennen, thats a winner right there, but it also will have the star wars characters from the upcoming movie series. Need we say more . Oil, meantime, has been moving higher. You know what that means its up 1. 15 at 56. 89 that means gas prices going up overnight to 2. 45. Well, to your daily terror update. Six arrested in minnesota and california in connec
Fairmont hotel. Well tell you what may have led up to this and where police are at in their investigation. Reporter reducing homelessness in San Francisco, the new option city officials are considering. Mornings on 2 starts now. Good morning, welcome to mornings on 2. Were back on storm watch as the bay area is getting some much needed rain, but its also causing problems for your morning commute. This is a live picture of interstate 80 in richmond, a serious accident there causing a lot of problems. Well have more on that in just a moment. Good morning, im tori campbell. Boy, were starting busy, arent we, tori . Good morning, im dave clark. We do have Live Team Coverage of the morning storm for you. Brian flores is live in richmond. There are major delays because of a jackknifed big rig. Sal will tell you about the entire bay area commute, but lets start first with meteorologist Steve Paulson. How much rain will we get . So far today about 1 4 inch to over an inch especially up in mari