Page 5 - Energy Complex News Today

Continued coverage of the coronavirus outbreak begins now. Good morning and welcome breaking news, the Senate Passing an historic Coronavirus Relief package last night with a unanimous 960 vote. Chris joins us from new york what are the next steps for this bill reporter after days of partisan disagreement, the Senate Finally reached Common Ground on this vote, the yays are 96 the nays are zero. Reporter hopes to help the people blindsided by the coronavirus outbreak we are going through a crisis...

Locations as we put social distancing into effect here at cnbc as a precaution were going to start squawk alley this morning with bob pisani with an update on todays markets. Bob . And jon, the important thing here is i want to show you the futures because a lot of confusion overnight here we were futures down overnight, then we hada big rally at 8 00 a. M. Eastern time as the Federal Reserve announced new programs and yet the open was a real disappointment and it shows you that liquidity is fai...

Comfort comes in to pier 90 here in midtown manhattan, a sign that more help is on the way. We are expecting news conferences shortly from the mayor bill de blasio and new yorks Governor Andrew Cuomo here, sara. Contessa, ill take it. Remarkable pictures as you said of the Field Hospital in the park and the comfort. Well be watching for the governors briefing we think in the coming moments good monday morning. Im Carl Quintanilla with Morgan Brennan and jon fortt, as we continue to practice soci...

Cuts so futures are pointing to further declines despite the jobs growth today, smashing expectations for february. The economy added 273,000 jobs during the month, versus the expected 175 Unemployment Rate 3. 5. Wall street looking to close out a turbulent week, the tenyear did tumble below 70 basis points for the first time ever, as investors look for safety amid fears. Revisions on the jobs number not bad but people are calling it the least important jobs number in a long time i dont want to ...

Market meltdown. Hang on, everyone, this is the final hour of trade. Good afternoon. Lets have a look at whats driving the action the lack of a Production Cut deal from opec coupled with a saudi price cut sending prices tumbling down 17 on the day alone. Coronavirus fears remain front and center as global cases top 111,000 and italy locks down a quarter of its population. And the bull market chaos rages on as yields on the tenyear at a low of 0. 31 and remain at the moment below 0. 5 . Joining u...

Excellent meghan, a real pleasure listening to your thoughts today and we will have you back, of course, as soon as we try to get our gps with regard to the coronavirus and its Economic Impact in the marketplace. Thank you for joining us today Carl Quintanilla, back to you. Rick, see you in a little while. Good monday morning. Im Carl Quintanilla at post nine morgan brennanp with us from cnbc Global Headquarters, jon fortt from the floor of the nyse another eventful monday morning as im sure you...

As the stock plummets 11 and is now at just 10. 35, american is also offering voluntary buyouts to employees. That leads to this question. Are we looking at a Global Travel depression . The ceos of hilton, United Airlines and Royal Caribbean cruise lines all sit on the board of one Organization Called the world travel and Tourism Council. The ceo of that council is live in a fox business exclusive from london, where the famed tube, londons underground subway, is now closing down stations. Will l...

Governors are saying we have done a fantastic job. Gavin newsom said there is not a thing he asked for we werent able to give them. Critical guy like we all are, but it was a very positive statement. Many democrat governors have said that the task force and, the federal government, what weve done has been terrific. Reporter [inaudible] well, this was unexpected this was something that came out of china and, it hit us and many other countries. You look at numbers, see numbers watching you folks, ...

The case is strong for them to step in. They want the fed to cut. I dont the fed will cut. They should be cutting. I dont think the fed should cut. Monetary policy is prepared to act, but will be effective . The effectiveness would be tremendous. Interest rates are not vaccines. We would see some turnaround in the markets. The fed is fairly impotent in this environment. On the other hand if they do nothing, it can make the situation worse. Jonathan joining me around the table in new york, Subadr...

The market is doing what is it always does. The market is testing the feds resolve. Markets like to see the Central Banks step in. The case is strong for them to step in. They want the fed to cut. I dont the fed will cut. They should be cutting. I dont think the fed should cut. Monetary policy is prepared to act, but will it be effective . The effectiveness would be tremendous. Interest rates are not vaccines. We would see a little bit of turnaround in the markets. The fed is fairly impotent in ...