All the major f. A. N. G. Companies. They are set to release their numbers and guidance. Thank you for joining us im Brian Sullivan lets talk more about your market setup you have dow futures indicating a gain of about 100 plus points at the upside. 200, as a matter of fact, stock futures are well in the green despite the fact that oil has come down significantly. The price of oil down again right now. Remember, we are in that june contract it is off about 13 this morning, down to under 15 and change so, watch oil. There is a story in the oil patch to Pay Attention to as well that is Diamond Offshore Diamond Offshore, a major oildrilling contractor, obviously like the name immris, off the coast. An offshore company has, indeed, filed for chapter 11 bankruptcy protection the Company Simply not able to meet its obligations so Diamond Offshore has filed for bankruptcy protection. Keep an eye there on that story as well. Also you want to watch the stock of loews, ticker l, not the Home Imp
Dow futures are down by 40 s p futures down by 5. 5. If you want to take a look at the treasury market, the tenyear right now at this point, of course wti, i should point out, is down by 2 still trading above 24. The tenyear yielding 0. 7 0. 697 andrew well get an update on the pandemic the number of cases worldwide, crossing 4 million with 1. 3 million, thats in the United States the biggest hot spots in america are new york, new jersey, massachusetts and illinois all with more than 75,000 cases. Now, new yorks Governor Cuomo saying yesterday the number of new cases was back to the level from two months ago. Lots of good news there, when he first issued the shutdown order. Overnight, india, reported 4,200 new cases in the last 24 hours the largest single day increase in the country they are entering the final week of a nationwide lockdown a few cluster formed around nightclubs in south korea. They eased restrictions last week but on saturday, shut down all clubs, bars and discos in se
20. 5 in a data set thats never been more than 2 million in a single month, numbers we never expected to talk about no. The numbers are just completely and totally shocking not unexpected however given the carnage thats taken place in the economy over the last month as we locked everything down those lockdowns ending around the country. Things starting to at least normalize in some states the question will be of the 18 million workers who describe themselves as a temporary layoff of that 20 million, how many really will get their jobs back is a key given the markets reaction today, there seems to be an expectation that most of them will that will remain a question over the next many months as we hope that the economy does start to return to some semblance of normalcy mike, lots of internals to dig through here average Hourly Earnings show a chasm between lowerpaid employees in the country and those with higher wages who, judging from the data, lost their jobs at a slower pace. Yeah, no
21. 5 Million People lost their jobs in april. Oil prices have also been higher last check of wti saw it just above 24. Thats a began of about 3 that link between oil and stock market futures has been strong too. It has been very, very strong it is interesting. It has been strong on the way up the question is was it strong on the way down it is interesting to think what has been driving what . It has been stuck here. It is up 11 the next morning it is 26 and then 23 again. At the end of the session, it seemed to go back. Weve been holding at 24 24, 25 that seems to be enough. These futures are up 250 points every morning. At the end of the day, weve given it back. We are up to 250 again are you kidding me, china, if we are being nice about trade, thats enough to send the markets up again we are back to that . At least it takes the threat off the table. If you start adding tariffs on, i wonder what happens. Earlier this week, all of this harsh rhetoric. We talked about it yesterday, wha
Your host meghan lee heres a look at what else weve got coming up on the program. A visit to one of germanys a lasting garden gnome factory. And. How warm austrians enjoy some traditional grilling in the great outdoors. But 1st we start off with a daredevil of sorts a young rosa from estonia isnt one of the worlds best slack liners now for him the slacker the line the better because that means more flexibility for tricks and flips roza has become a master of this art but like with anything only practice makes perfect now some of his stunts have taken him years of fails and falls to perfect but all the hard work finally paid off when he established a world record. Its 9 in the morning in vasco a village in south eastern a stony. One of the worlds best slack liners its the start of a normal training day. I feel freedom. Is the trains daily for up to 8 hours which. Gives this feeling of something impossible in the beginning but its quite easy to reach just by 3 practicing those so we all