Losses early in the session after the ceo of russias Sovereign Wealth Fund told cnbc and moscow and saudi arabia are very close to an oil deal. Wti and brent are both coming off their best week on record. Not recent records on records ever all the way back to 1983 when they started tracking wti last week wti was up by 31. 7 . Up by 12 on friday alone. A meeting of Major Oil Producing Countries was delayed but still expected later this week that news just being told to cnbc that it looks like they are close to a deal. Andrew, ill send it over to you. Meantime, the latest on the pandemic the number of confirmed cases worldwide now totaling more than 1. 2 million. More than 330,000 of those are right here in the United States and more than a third of the u. S. Cases are in new york state. The death toll in america standing at more than 9600 overseas, british Prime Minister Boris Johnson was admitted to a hospital for tests a spokesman called it a precautionary test the Prime Minister test
Were not seeing that, but im looking at tech stocks we are seeing still dramatic moves, pintrest up about 10 shop fie up about five the market faded gains yesterday in the 10 00 hour bounced back by 11 00 and close we were about flat you never know which way that is going to go, right, morgan thats true, jon. We have averages up about 20 off the march 23rd lows. One of the questions being debated on wall street right now is are equities ahead of reality . The focus has been for investors for the market the curve of the virus. We are seeing some of the hopeful signs thats maybe flattening in the hot spots like new york, new jersey, some of the other areas that have been epicenters here in the u. S at some point in the coming days, hopefully based on the models well get past that projected peak and i think the question shifts to what does the medium and long term impact of covid19 look like on the economy and also what thats going to mean in terms of a rewriting on earnings, which were f
Need to accept the world has changed and we need to change with it. From now on when we come in on monday, were not going to be focus on sales or earnings of companies but Coronavirus Infections and fay fatalities. These days, the pandemic controls the dow gained, nasdaq jumped 9. 35 . Yes, those are not mistakes. All have been an extremely oversold position, 2. 78 yield for the dow. Until this virus is contained or cured or just naturally levels out, you should expect much of this gain to be repealed, more selling and if we dont get the fiscal help needed to improve the rudiments of our Service Based economy, i think today is going to end up being a good day to sell. And it already happened, maybe monday lets be real. We cant sustain a meaningful rally, until we have the covid19 situation under control. And we cant get things under control without test kits and antibody medicine that triumphs over the scourge there are two paradigms south korea which is doing it right. Right. We have
States senate, and in our country. Thank you t to say for all that you have done for us. First personally when i came to congress, you were one of the first individuals to and to give me advice and encouragement and to day, every time i see you, you do that. And you will never know how much means. I just want to publicly state isakson, senator isakson, is a hero for people country. S this your brilliant mind and your leadership will always be here. We say thank you from the bottom our heart. May god bless you and your family as you go into this next chapter. You. I yield back. Mr. Scott madam speaker, rise my colleagues and i to honor the legislative legacy and the life of my good friend and fellow georgia bulldog, u. S. Senator Johnny Isakson. 20 years, senator isakson have served the people of georgia and the United States congress. Tirelessly fighting for the people of georgia. Uring his tenure, senator isakson has been a bell weather for many in our belweather, many in our delegati
There are few people in washington, d. C. , and in america had the impact of senator Johnny Isakson. Think of senator isakson, no question, there are come to our s that mind. Senator, you are, you have been incredible statesman, a phenomenal leader, both in here in the United States senate, and in our country. Thank you t to say for all that you have done for us. First personally when i came to congress, you were one of the first individuals to and to give me advice and encouragement and to day, every time i see you, you do that. And you will never know how much means. I just want to publicly state isakson, senator isakson, is a hero for people country. S this your brilliant mind and your leadership will always be here. We say thank you from the bottom our heart. May god bless you and your family as you go into this next chapter. You. I yield back. Mr. Scott madam speaker, rise my colleagues and i to honor the legislative legacy and the life of my good friend and fellow georgia bulldog