Storage is limited amid the coronavirus prices. Oil closing, folks, at the lowest point ever seen since the original Oil Futures Contract began trading back in 1983. The drop is choking the stock market. We are very close to session lows at the moment, with the Dow Jones Industrials down as far as the biggest percentage loss here, 2. 25 or 534 points to the downside. The market action, believe it or not, would actually have been worse if it werent for the fact that we could be just about 72 hours away from another half a trillion dollar infusion from the federal governments financial fire hose, as congress inches closer to a deal to replenish the Small Business loan program. Congressman kevin brady, republican of texas, is the Ranking Member of the house ways and means committee. He is here live and we are going to ask whats going on behind closed doors as best he knows, and whats the plan eventually to pay for all of this spending. We are learning that some of the rescue money went wh
Crude carnage im joined by my guess was me in beirut hes a professor of economics and International Affairs in irvine we have pai and he is an independent economic and political analyst as well as a former commodities trader and in toronto we Cross Alexandre Bruno he is an analyst at gulf state analytics sorry gentlemen crosslike rules in effect that means you can jump in anytime you want and i always appreciate pilot may go to you 1st in irvine because you got up early as for this program here all right it all happened quite quickly and a lot of analysts werent too surprised by the deal that the russians and the saudis had collapsed. The russians didnt go along with what the saudis wanted to do and the saudis reacted and now we have carnage on the oil markets here what is saudi arabias gambit here because you know in the if you look at its budgetary constraints it can afford to have low oil for a very long time and we throw in the coronavirus that is also hurting crude demand all acro
Govnostrated but the local communities have said, taking mteages. Hey, we dont have enough ourselves together and in this instance the states normally [ crowd chanting ] that would help one another cant because theyre all nursing sounding the alarm. We as nurses cannot do this looking to help themselves and so its compounded this problem. And, of course, thats why the on our own. National stockpile exists. Its a National Stockpile, not a doctors and Health Care Workers desperate for equipment federal one. To save lives, including their own. So when he says we have the makeshift measures theyre our we need these ventilators for the federal government, they have their state stockpiles, forced to take in the battle against covid19. Does that make sense to you . Short supply. The unproven medication that what would he be using it for at could be a possible treatment a federal level . Doesnt this country doesnt it consist of states who are for coronavirus promoted by the president now facin
A lot of conflict within the game and between the teams most of the conflict i would say over the years from morning there most of them is me. Close one you know the childrens children this could be just the state of california alone makes 6000000000 clues you have to presume cope with just to get some point in your life where. You dont care anymore nobody cares about you so you dont care mind anything. Actually as a financial survival stacey lets learn. Lets say im the. Grease of the fight. Thank you for. The story thats right. Hello and welcome to cross talk were all Things Considered im Peter Lavelle with the coronavirus now officially declared a pandemic the world faces the additional burden of an Oil Market Collapse this comes at a time when demand for crude was already low some are calling this the ultimate perfect storm how this all ends is anyones guess. Crosschecking crude carnage im joined by my guest was me in beirut hes a professor of economics and International Affairs in
In coverage throughout the day by today. Some showers, a lot of great sky from the Golden Gate Bridge with 47 in san jose, 46 on the peninsula. It is sunny, 21 in truckee, 31 at the top of valley airport, 43 today with a winter storm warning for the weekend. Our exploratorium camera looking at the showers beginning in the next hour or so in the city, then traveling to the Central Coast. Its a rainy afternoon on and off. By 4 00, we still have scattered showers. A bit of a break in the later afternoon with our level one system. Then the cold sector of the system comes in tomorrow with heavier downpours. We begin with the brandnew numbers overnight. There are more than 3,200 confirmed coronavirus cases in the bay area and Santa Cruz County with 86 deaths. Sonoma county is reporting five new case, pushing their total to at least 105. Santa clara county continues to be the hardest hit with more than 1,000 cases. San francisco and san mateo counties are closing in on 500. Mendocino, four co