Nobody wants a second wave. The market starts the week on the upside again. Investors like the get back to work trend and there are several forecasts of imminent recovery for the economy. Secretary mnuchin says there will be a rebound july, august and september. The dow is looking at a 200 point gain first thing this morning. Thats close to 1 . A nice gain for the s p, close to 1 . The nasdaq will be up over a half percentage point. Now, the reason the nasdaq is up, because of this. This week, many Big Tech Companies report their financial position. Strong results expected because the virus lockdown has a more limited effect on these companies. Premarket, most of them are up. But look at oil. No joy for the drillers. They are looking at 12 a barrel and the worldwide glut shows no sign of easing. Over the weekend, the price slump claimed another victim, diamond shamrock. The drillers declared bankruptcy. The price of gas still falling, albeit slowly, about one cent down a day. The avera
Class those. Who would use it. And brazils president defends his controversial appearance with protestors on sunday and says he wants social distancing measures lifted this. Hello and welcome to the program for the 1st time benchmark u. S. Oil prices of crashed into negative territory meaning producers are now paying buyers to take it away in a massive one day drop west texas intermediate fell from about 17. 50 dollars a barrel to below 0 it was trading at around 60. 00 a barrel at the start of the year Global Demand has plummeted because of the coronavirus related lock downs and travel restrictions are stricture and fears of a lack of Storage Space this is despite continuous attempts to counter the havoc in Global Energy markets well earlier this month Russian Saudi arabia agreed to an unprecedented cut in output of almost 10000000 barrels a day to try to boost virus hit markets. Anish capacity is the rector of energy and Police Advisors an independent Research Provider in the oil and
Coronavirus lockdowns but the head of the w. H. O. Urges caution. Without National Unity and Global Solidarity. Class does. The worst use it to focus. For the 1st time ever u. S. Oil prices have crashed into negative territory after the markets benchmark fell more than 100 percent in a day producers are now paying stockpile is to take barrels off their hands as the man dries up due to the coronavirus pandemic and storage runs low this says many European Countries are actually starting to ease lockdown restrictions with some shock shutters lifting across germany that mark and the Czech Republic theres also positive news coming out of it for the 1st time the number of people currently reported to be infected with corona virus has fallen from yesterday by 20 however the World Health Organization has cautioned that easing lockdowns does not mean the pandemic is over its warned that without countries working together the worst is yet to come but lets start with those historical losses on th
And marking the start of easter in isolation not a down cathedral in paris holds a special service a year afterward devastating fire. Its a grim milestone in the fight against the corona virus the number of people who have died worldwide past 100001 friday but infections appear to be slowing in europes hardest hit countries the World Health Organization says that doesnt mean countries should ease restrictions which have put half the worlds population under lockdown. I know that some countries are already planning the transition out of stay at home less 3 questions w. H. O. Wants to see distractions lifted as much as anyone i descend time lifting restrictions too quickly could lead to a deadly resurgence the way down can be as dangerous as the way up if not money properly more than 1600000 people have been affected since the outbreak was detected in china last year europe accounts for more than half of global cases they u. S. Is the current hotspot it has the most infections in the worl
Testing residents pass a National Plan continues to be delayed. And hundreds gather for a government backed easter tradition in nicaragua despite the Catholic Churchs call to suspend all festivities. Of the global death toll has now passed 100001 month on from the coronavirus being declared a pandemic the current hot spot the United States has reported its highest single day toll 2108 deaths hasa 1000000 americans are now infected with the virus the hardest hit state york is conducting mass burials john hendren has this update from chicago. 500000 cases half a 1000000 and a 3rd of them alone in new york state that is 172. 00 cases there now has only 0. 15 percent of the u. S. Population thats 327000000 but really we dont have a comprehensive testing system here in the u. S. So that is probably just a fraction of the actual number but we do know that sort of our 18000 people have died as you mentioned that crossed the 2000 mark on a daily basis for the 1st time on friday the 1st case ju