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Going hungry around the world. No vaccine but that doesnt mean you know how we look at the different drugs and treatments being used to treat cope with 19. With the pandemic throwing world oil markets into turmoil donald trump says his government will look to support the domestic industry the president says hes told the energy and treasury secretaries to formulate a plan to make Funds Available to ensure the survival of american oil and Gas Companies that follows an unprecedented collapse in the u. S. Prices because of a glass in supply the u. S. Futures market dive deep into negative territory for the 1st time ever on monday the lowest the price of the u. S. Benchmark w t i sank was to minus 37. 00 a barrel the International Benchmark the brant crude on the other hand well thats trading at around 20. 00 a barre ....
Our nation shutdown, this group is under serious pressure. Well get the latest from former macys ceo that is coming up this hour. We begin with latest developments our reporters are standing by to track the action for you kayla following the passing of ta that recovery bill in washington steve is breaking down the moves by a very busy fed kayla, lets begin with you. Reporter after a chaotic 24 hours and a few couple week of tense negotiations, this lbill passed the house in under a minute with a chorus of voice votes supporting the package you saw bipartisan leadership from the house of representatives signs this bill, entering it into the official record on capitol hill from there its going to be sent over the the white house the legal team will review it there. Im told by a senior official that President Trump intends to sign it as soon as possible and that you may see a photo op of him doing that those details are still being ....
A controversial idea to 14 in new york and its neighboring states where the infection rate has so. Bust thank you for your cooperation thats the message from chancellor Angela Merkel as she asks the german public to stay patient saying restrictions on public life will continue for at least 3 more weeks. Im calling aspen thanks for joining us the coronavirus is reaching across the globe and just starting to spread more rapidly now across africa with more than 1000 and factions south africa is the worst hit nation on the continent the country has just begun the us 3 Week National lockdown and local authorities are taking a hard line in forcing it or i dont know modern the army is out on the streets here in one of johannesburgs poor neighborhoods its trying to enforce what seems difficult for many staying at home for the lead while about family lockdown means 6 people sharing 12 s ....
Intervention such as Circuit Breakers and bailouts now on the other far end of the spectrum of market intervention many are calling for the markets to shut down temporarily to prevent further selling and quote own the shorts the Philippine Stock Exchange has become the 1st to implement this and announce that its suspending trading until further notice after the market wiped out just over a 3rd of market value since the november highs. Is back below 30. 00 after opec canceled their technical meeting this week that was meant to mediate between saudi arabia and russia sources said that it will be hard for both sides to reach a compromise now and then i guess market warns that extreme oil surplus is possible Monetary Policy is now being discounted as cheap or money does little to restore confidence in the avera ....