Oil markets, the energy markets, saudi arabia cutting an additional one Million Barrels per day. Fact thatt change the the demand has collapsed. Even changes like that dont seem to change the trajectory of what we are dealing with in the oil markets. Still with us is chris ailman of calstrs. Positioning to hedge against another, like, down in the market . Of ourit is a big chunk market portfolio. 10 . We are still keeping our fixed income. For us, it is really all about diversification. We are underweight global equity. We think this market will have some weakness. Going into the last couple of weeks, these rallies back and forth, we have repositioned our equity portfolio to be more defensive. , cash isilt defensive king. As return on cash is trash, ray dalio likes to point out. But, liquidity is king. We are seeing Equity Portfolios already coming out from the disruption, people who need bridgeeople need financing. Nice strong returns. And, just the dichotomy in the market. The indexe
I have to go to the gossip of london. We will get to oil with jim caron in a moment. Why does the sunday times go after the Prime Minister of the United Kingdom when he is just out of the hospital bed . That is a very good question. First of all, lets remember the sunday times and of good the times were huge supporters of mr. Johnson. There is a feeling that the fact the Prime Minister got sick maybe gave him a free pass in how he handled the situation. There are two schools of thought. One thing, we just need to get through the crisis and need to try to work together. And then those who say we need to hold our leaders accountable for what they have done because theres the change of course. Yesterday we found out the critical number of personal Protection Equipment that was data for the nhs will not arrive in time. This after the scathing article that is basically saying Boris Johnson was pretty much thinking of other things instead of dealing with the crisis in february and march. I d
Its not always pretty. Ill take the shower. Jen, you take the toilet. I dont do the toilet in my own house. Really . But this is business. I do it to save jobs, and i do it to make money. This the profit. [upbeat music] ecome is an allnatural cleaning product started by Robin Kay Levine in 2006. With the partnership of her childhood friend jen mihajlov, a 12 owner, they built ecome up from a small, doityourself cleaning kit to a 17piece cleaning line, including doggrooming products. This product is sold nationwide at stores like whole foods and target, and last year they did a half a Million Dollars in sales, with only six employees. I personally use this product in my own home and find that it works extremely well. To stay in business, robin has leveraged friends and family to find every penny she can, and theyre nearly a half a Million Dollars in debt. Im really freaking out right now. Household cleaning is a multibilliondollar industry, and environmentally conscious products are bec
1600 points. Fox team coverage, blake burman from the white house, Lauren Simonetti is watching the markets, Edward Lawrence is in washington also but lets kick it off with lauren. Lauren what a day to kick off the week. The dow was up more than 1hundred points. Up 7 . Ditto for the nasdaq and s p 500. Traders seem encouraged by news here in the u. S. The peak of coronavirus might be near. The winners on the dow, boeing. They have been slaughtered recently as you know. Bad news from the company. They have suspended their seattle factories, their Production Centers there indefinitely. Nonethelessing, look at the stock, up 19 today. You can see huge gains for raytheon technologies, american express, visa, as well as mcdonalds. Oil was in the red today. It fell for the first time in three sessions closing out 26 a barrel. The amount of oil on the market is growing. We are running out of places to store the oil. This big meeting from the major producers, well that has been delayed. That is
Stabilize and support the financial system, support and rescue. Its moving quickly. On the ground, it is grim. 22 states have deployed the national guard. The virus is now infected all 50 states and d. C. And this is a first, kansas closes all schools for the rest of the school year. Its beginning to sink in that many of us will be confined to our homes for weeks and millions will not be getting a paycheck. You are waking up to an anxious america. Theres an eerie feeling when you see empty cities, shuttered businesses and a country thats really grinding to a halt. Now the markets. Limit down before the opening bell. We might be 5 or 6 down in early trading. Remember, if the s p goes down 7 trading is halted for 15 minutes. We have already seen that twice. The dow, s p, nasdaq limit down, big red arrows right there. Look at this. The yield on the tenyear treasury is now 1. 12 . So money is coming out, repeat, out of treasuries. Why is that . In part because some investors have to cover