Rewards. All indices are higher in terms of the s p and dow. The nasdaq has turned lower in the last 30 minutes. Vix at 24. The euro continues to drive higher. 1. 1518. Strength after they managed to pass some grants and lowinterest loans to aid everybody. Of crude oil, Summer Travel season is in full swing as coronavirus cases pop up in cities across the country. Many are rethinking a potential comeback in the hotel and leisure sectors. Adam portnoy, is ceo of rmr group. Us,last time you were with it was toward the beginning of the outbreak in the northeast, at least the beginning of what we knew the outbreak would be serious. You were collecting commercial rents at a rate back then that surprised you. Beet been instance i since . Time wence the last talked, in terms of Economic Activity in our portfolio, we have over 2000 Properties Across the u. S. We touch every type of commercial real estate sector. As a result, we have a really good sense of what is going on in the economy on a d
Advisories still impeach across the bay area and in pink for Solano County excessive heat warnings remain in effect through 07 00pm tomorrow. And these are going to be our hottest areas up in Solano County. Still the triple digits for many of those cities. 50s and 60s closer to the coast in the bay. Well temperatures wasting no time in climbing at san jose a word livermore to dublin conquered pittsburgh and fairfield slows cloverdale all back into the 70s had its only 08 00am a sign of things to come later today which will still be some really hot weather. Antioch back up into the triple digits conquered of livermore close enough that 99 degrees each opened a word in San Francisco will enjoy that sea breeze that will cool down temperatures a few degrees. Well for other spots like san jose, hardly feeling a difference at all 97 degrees was your record breaking day yesterday in san jose and today 96 degrees so today and tomorrow not much relief just yet still in the bulk of this heat wav
Joe, the big story is oil prices once again im ready to move out past june move out where . June is too close if we are not going to open anything up, no reason to think it will be anything different than minus 38 a barrel it is related to the price of gold and the price of a suit, so i should have been buying andrew, you are spending 10 times what you are on a suit with those hugo boss things. Which none of them have belt loops for 4,000, you could get a couple of belt loops no hugo boss. It is ralph. Ralph who oil prices, it is not funny. This is out of the realm of anything weve ever seen brent crude only a 20year low you look at wti or what may was before the contract rolls. It is incredible supply shortage spiked overseas. The u. S. Movement, wtis june contract the price giving up earlier gains. Up 11 see, im ready to move to september. August at some point what does this mean for the saudis youve had your picture taken there on a sand dune youve got a feel. They should have done
To get into longterm investments and later on, a staggering stat that youve got to hear around netflix that stock continues to be bought as we all binge watch tv. We are going to get to all of that, but weve got to get to breaking news that is important on the virus, and it is also moving the market after hours. Gilead sciences shares they are surging on some very promising drug news. Lets get right now to meg tirrell with more on this big story. Meg . Hi, brian this is breaking news from stat news basically, they got a glimpse from one of the hospitals thats running remdesivir at the university of chicago. Essentially what they saw in video communication with the faculty members there is on the report of the Clinical Trial it sounds like the patients according to them are making rapid recoveries at least in terms of their fever and respiratory symptoms and reported nearly all patients discharged in less than a week this is not controlled Clinical Trial data and we expect to see the fi
Maria and we kick it off with Global Markets lets taken a look at european indices a selloff there as well. S p 200 down 250 points right now and paris down 165 and dax index in germany lower by 362. The European Union announcing the closing of its borders for 30 days to slow spread of coronavirus. In asia is overnight markets started with early rally on heels of wall street rally but then reverse course to finish in the red. Take a look at these numbers you have all of the major down better than 4 as you can see, the nikkei and japan and shanghai and composite 1. 8 and then theres oil. Oil prices tumbling touches levels not seen since 2003. As price of oil between russia and saudi arabia wages on demand is dropping oil prices right now at 25. 40 a barrel havent seen those numbs in quite some time. Check treasuries and yields right now on tenure treasury rising this morning once again, it is back above 1 . Tenure now sitting at 1. 8 that is up ten and a half basis points. The coronavir