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Election uncertainty poised to bounce from the worst week since march businesses are bracing for election unrest. Live in manhattan. Well take a look at how companies are preparing for the unknowns of this week ahead. And with no preelection stimulus lifeline, how airlines are now preparing to stem the losses and lure passengers back in to their seats. Carl all right, jim, what do we think is going on this morning doesnt sound like you trust futures at this level. We really sold off terribly friday until the last half hour. This is continuation of what looked like a short covered rally. I think a lot of people who are betting that no matter what happens it will be contested and therefore the market has to go down so, why not just come in short my problem with that is what happens if its actually not contested . What happens if its a landslide for either side. The reeason i point that out if youre betting on a contested election its entirely possible with our 24hour coverage its entirel ....
Plus tiktok continues to tick in the u. S President Trump gives his blessing to oracle and walmart buying a 20 stake and shares of electric truck maker nikola tumbling after a firm accused the company of making, quote, an ocean of lies. Jim, theres going to be a lot to process, not just today but all week long. We have 14 fed speakers during the course of the week and powell three times well, look, powell is on the side of those who believe you should be a buyer. Its pretty clear that powell does not want things to collapse a stimulus dealdeal that seems like a thing of the past were down off of something no one understands. Maybe uk lockdown. Thats not us. Maybe madrid lockdown not us this banking story so emamorfs in other words, what im saying is weve been down for three straight weeks, carl the big faang stocks are down double digit this is when you start thinking maybe there is something to buy. Its been so bad for so long a ....
Weve had a pretty eventful 36 hours. The price of oil, we look at the mechanisms that led to that. We will look at markets. We had an interesting note on the pound. Brexit has taken a little bit of a back step with so much, the lockdown. Yesterday was the first day of talks resuming on brexit between e. U. U. K. And e. U. , the saying they will not extend the transition period. We begin this busy newsday with wti true crude again below 0 dollars a barrel, recovering from yesterdays wipeout which saw plunges in new york of up to 41 a barrel, the first time they have gone negative in history. The june Contract Trading above 20, spread reflecting growing concern over shortage of storage space. The u. S. Has information north Korean Leader kim jongun was in Critical Condition after surgery last week, according to an off ....
In other news. Thats the 50th anniversary of the apollo 13 mission one that became a story of survival against all odds. It is very much an unknown want to record but the United States now has more corona. Cases than any other country the tally supposing italy for the 1st time on saturday 20000 americans have died from it but the epicenter still in new york but really all 50 states are affected in fact theyre now in a state of emergency for the 1st time which will allow them to use federal funds during the pandemic elsewhere were looking at india where its 1300000000 citizens will continue to stay home till the end of april Prime Minister is expected to announce an extension to the lock down there and in europe the hardest hit countries are now easing some of their restrictions from mondays spain will allow nonessential employees to return to work it is reported a falling deat ....
Are forced to go back because of the pound and in other news its the 30th anniversary of the apollo 13 mission one that became a story of survival against all odds. So the numbers now tell us that the United States has more coronavirus cases than any other country its tally has surpassed italy for the 1st time on saturday it means 20000 americans have died with the epicenter still in new york but all 50 states we must say are in a state of emergency for the 1st time which allows them to use federal funds during the pandemic elsewhere india 1300000000 citizens continue to stay home until the end of april the Prime Minister is expected to announce an extension to the lock down there and then europe well this is interesting the hardest hit nations are actually starting to ease some of their restrictions for monday spain will allow nonessential employees to go back to work it is r ....