A very warm welcome you watching r. T. International with me making. Close to Ukrainian Military plane has crashed landed on a highway in the countrys eastern kharkov region 27 people were on board but only 2 survived theyre said to be in a Critical Condition suffering severe burns the twin engine antonov a n 26. 00 is reported to have crashed while coming into lonsdale the city of chalky which is around 500 kilometers east of the capital clear of the preliminary cause for of the accident is beings data does left engine failure but all thora teams are still investigating the countrys president vladimir selenski used to visit the crash site on saturday. A machete a time near the former powers headquarters of the satirical magazine Charlie Hebdo is being treated as a terror incident 2 suspects were detained at the scene with 5 others arrested at the flats linked to the attack the french Prime Minister and interior minister have visited the scene from their shoulder depend ski reports. Th
Road, maybe that is actually not the case. Rolling overs as well. Maybe that is oil. It could just be a sentiment feeling, as well as any sort of Political Risk because of kim jonguns health uncertainty. Lets get to todays market moving news from our team in new york, as well as washington. We want to begin with this meltdown in the oil market. Wti futures plunging below zero for the first time in history yesterday as many storage tanks reached capacity. Brent for delivery in june pushing to the lowest levels since 2002. Annmarie hordern has more. Annmarie what we are really watching today is the number of contracts for wti and brent. Yesterday, the big question was is this just a big technical anomaly. I think what you are seeing today is that this is more widespread. What is showing is what traders have been saying for quite some time. Thething i want to bring up point is the june contract, trading at 16. 69. That is a contract that is not expiring. In 18dropping the most years. You
There are conversations floating about about whether brent and go negative. We are trading up 11 today. Up 1. 5 . The peripheral bond market, i massive story at the moment, as you can see. We saw a huge auction in spain earlier on, following on the heels of an auction yesterday in italy. We are continuing to watch what is happening as we build up towards an eu meeting tomorrow that could barely be make or break. The ecb talking about whether it could potentially accept grade that in collateral. Italy is facing a rating review come friday. This is a live debate in europe. Eurodollar trading at 1. 0852. Coming up, we are spending a lot of time talking about what is happening with the oil story. We going to fold that in to what is happening with other assets and how they are being affected. Also coming up shortly, we will hear from the nasdaq president , id enough freedom and nasdaq president , adena friedman. This is bloomberg. This is bloomberg markets. Good morning. Im Erik Schatzker i
Crude dropping hugely today, as demand fears rise that demand is going to fall, hitting its lowest level now since 2002. Speaking of free fall, look at shares of boeing that air space giant asking now for a 60 bailout. It is down 25 today and on track for its worst month ever, doubling the losses it saw back in september of 2001. This stock was a 300 plus stock, not that along ago, kelly. Its just unbelievable. Tyler, thanks. Appreciate it. Heres what you need to know, everybody. There are now 200,000 cases of coronavirus globally about 7,000 of those are here in the icu. The u. S. And canada have now agreed mutually to close the border to limit travel between these two countries. The move, they say, wont impact trade. Thats been impacted by its own problems new york is dealing with the largest outbreak of coronavirus, with cases more than doubling to 2,000 overnight. Bob pisani is all over these big market moves today bob sullivan is watching crude as it craters. Kayla tausche is watc
Cases and new york has opened its first drivethrough testing facility the doctor behind that program is going to join us in just a few minutes here kelly. All right bill, thanks our team of reporters is covering this story for us bob pisani is watching this rally fade and then try to come back today Rick Santelli is tracking the bond market where yields are moving up. Eamon javers is at the white house awaiting a press conference from Speaker Nancy Pelosi any moment now and from President Trump at 3 00 p. M. Eamon, what can you tell us . We got new information from the white house. The president was scheduled to hold a meeting with ceos and got as list of the ceos here and this gives you a sense of what the president is working on right now. Theyre saying that it included in this meeting are richard from walgreens, Brian Cornell of target, Doug Mcmillon of walmart, Steven Rokowski of quest, matt from roche and a number of other ceos i apologize for butchering some of the names in the p