Thats something to behold. Its hadding the lowest level since march of 1999. Right now well take a quick look at my board, which is current. I can see it down 4. 13 i say that because ive been practicing waiting 12 seconds to get a quote on something that im trying to give you instantaneously. Now im back on the nasdaq and i can actually see it. The coronavirus pandemic has sapped demand for oil and global storage is rapidly proefing capacity the world is running out of room on ships anchored at sea the may futures contract for wti expires tomorrow looking out to june, the situation isnt quite as dire. Its back to more of what were used to, kind of, at least in the last couple of weeks as you can see there, june delivery under 23 a share meantime, an update now on the pandemic as we bring you the numbers as we do every single morning. Here are the latest numbers. Global cases topping 2. 4 million now with 165,000 deaths. Now, the u. S. Cases nearing 760,000 with more than 40,000 deaths
The east german traveler. Im going to get joe and this is did of your business well come asian leaders have been meeting in bangkok for the annual asean summit with trade high on the agenda the main focus is a massive trade deal covering the worlds population but securing an agreement could be tricky too of asias powerhouses india and china disagree you might meet asian leaders present a united front for the photo shoot in bangkok as they try to hash out the Worlds Largest trade deal the Regional Comprehensive Economic Partnership host thailand said talks have been conclusive an announcement is imminent china wants the asean meeting to approve the deal as would act as a counterweight to its tariff war with the us. Which is part of the current Global Situation experiencing complex and profound changes especially with the slowdown of Global Economic growth from the plus 3 cooperation it offers valuable experience on the strength of cooperation that will help boost confidence among region
Here. Good to see you. Payne Capital Management president , ryan payne and fox business deirdre bolton. Good morning. Happy monday. Here we are ready to go. Dagen ive got cooler head, what i wrote down on my folder as i watched comments about a Angela Merkel and President Trump about the trade situation. Last week we saw the dow sell off, more than 600 points as more and more investor were worried about the u. S. And china not to be able to be on the same page in some sort of way, create a framework. Now with these comments, seems like indicating a higher open, thats all that investors care about. Business owners are thinking how will i adjust to this, whats coming. Any bright spot, green on the screens, there we go. Dagen exactly. Also this morning, American Enterprise institute u. S. Research strategy in asia, he heads it, zach cooper on china trade. Roger williams is here to talk tariffs and trade. Former u. S. Secretary of commerce, former kellogg ceo, Carlos Gutierrez on the g7 su
Down 1. 3 for the s p to 42. 82 the nasdaq the laggard down 1. 3 as you might imagine, big tech names are leading the way lower. Amazon, google and oracle seem 2 to 3 declines today more on that trade coming up. Also on the housing front, another weak number out today. New home sales down 8. 7 in august the Home Construction etf down nearly 9 just this month. Big bio tech mover to tell you about, soaring 90 immunovant. It could be an effective treatment to many auto immune diseases. As we mentioned the autoworkers strike heating up and getting more and more political. President biden, joining the picket line earlier today. And we sent two of our best there as well. Phil lebeau and Brian Sullivan phil, lets begin with you tell us where things stand reporter oh, about half hour ago the president wrapped up his trip to a gm parts and Distribution Center not far from here in bell vil,ville, michigan this is what it looked like as the president was greeted by a number of uaw members walking
Block or two apart from that in some instances. The ben franklin parkway, ending at eakins oval will be closed. That started last night and the last until 6 00 p. M. Today. The ppa will not ticket meter or timelimit parking in areas where youre allowed to park. Nd ll get to what the roads look cameras at the vine street expressway, they just moved it out of the u see the cones in t. The eou closed for construction. It typically is removed, at least lifted out of the way by 5 00. You have another hour or so before that opens at the vine street expressway. Trying to get to center city, not going to happen. Youll have to go to the vine street expressway. Back to you. Thank you. Rosemary, you and your brother john grew up in the city. I came and played football in the city. Generations of families, thousands of them have wait for this day. The parade of champions, finally here. Decades. Decades for this day. Were live at broad and patterson in south philadelphia. This is the starting point