It is april 24, 2020, this is Worldwide Exchange on cnbc good morning. Welcome wherever you may be watching i am brian sullivan. I think i speak for everybody when i say tgif. It has been a rough and wild week indicating we may not get another break today. Lower now off about 100 points the index lower on the week with the dow, s p losing between 2 and 3 that looks now to continue those losses today crude oil is down 30 since monday prices are lower now if we extend physical guidelines to summer, that could keep gasoline and jet fuels low. One of the biggest World Storage producers will give us the story. That has certainly been a market mover. In asia, plenty of red across the board. Japan down nearly 1 shanghai and kospi also down more than 1 to close out their week stocks in asia declining largely on report of doubts from treatment from Gilead Sciences to the trade in europe, early following the foot steps of asia markets there are sharply lower with major indices all down 1 or more
Say, someone who believed that things may not bottom. And i think hes switched. He may say its not in dramatic fashion because its near the middle of his piece, not at the top. I do believe what were seeing is a gigantic amount of liquidity put in by the fed, when it looked like things might go back down that mattered a lot. A lot of companies that dont have great credit are getting money. Thats important we saw the retailers go up last week it wasnt because retail sales were good, but because their credit was so bad, maybe they get a chance to raise money. Ge raising money a lot of companies are raising money that would not be able to raise money. That is going to be a major change to keep a lot of companies out of bankruptcy and in the same way that the oil deal might Keep Companies out of bankruptcy david, you know theres so much debt being issued now. And theres some opportunities for people who want to buy debt, but holy cow, is the government wide open to buying anything on thurs
And i announced its agreed to receive greater military help from turkey but that. After iran is an office site is receiving support from whom this is known to all by so raj with his lawful and legitimate government and not receiving any support currently based on us why decide and provide them with the assistance we can afford. This is a proxy conflict that splits the middle east and north africa and beyond the u. A. E. Saudi arabia egypt and russia have all given greater or lesser assistance to have to but if we have to or might topple the government of National Accord has spurred turkey into overt action for turkey their interest is not libya itself anybody who looks at a map of the mediterranean will see that egypt to turkey south south cyprus greece and potentially libya if it falls on the half that and therefore goes into the u. A. E. Or bit is forming a sort of maritime choke hold on to turkey for taking libya is the final chance to prevent this chokehold from taking place althou
Inside the consulate in an expert on extra judicial killings this described the saudi investigation and the trial as a mockery of justice what we. Now whitewash. Of just. And the facts that jane. And. I have not been it didnt mean. That maybe also people want to. Hear. 50 students groups in new delhi are said to march against the controversial citizenship law there however the police say they wont allow the demonstration to go ahead protesters say the new law is anti muslim at least 25 people have been killed across india in the last 2 weeks elizabeth purana has more now from new delhi. Heard police tell officers to not let the students get or anyone for that matter get beyond this point to detain anyone that comes to us and while some protests have been allowed in some havent todays it is particularly contentious because many of having to march to be president of the whole minister ahmed shah he is seen as the most powerful person in the government other than the Prime Minister himsel
A hole we look forward to getting onto the senate would not in time the lawyers were not entitled to with this it is were not in anything in the house its a total sham when you have a guy like you for you should go out and make up a statement that ive made she you say this is what he she said it he totally made it up while at house correspondent kimberly allocate joins us live now i mean hes clearly furious about whats likely to happen tomorrow but you know despite his objections its not likely to change the course of events as it can really. Its not likely to change the course of events but whats remarkable about this is this is a very dramatic turn on the eve of this historic vote that we expect to take place in the house of representatives what were hearing from the president in a 6 page letter is essentially summing up the most vitriolic of his tweets that weve been hearing throughout this impeachment inquiry its highly unusual in advance of a trial you wouldnt necessarily have one