A live report on the Aerospace Giants latest move and Oil Continues to sink as storage nears capacity amid the massive decline in demand we take a look at the petro sector and what lies ahead for energy with a packed show today so lets dive right in. As the worldwide total of corona virus cases has officially clips to 3000000. 00 the World Health Organizations director general on monday addressed the easing of lock downs in europe due to the klein new cases on the continent. The new hope is was declining numbers of new cases. We continue to urge countries to find isolate test and treat all cases and try this every 2 e. These declining trends continue but the pundit mickeys far from over w. H. O. Warned that while western europe may be seeing declining numbers there is a concerning upward trend in africa Eastern Europe latin america and some asian nations the director general also spoke about the importance of the world coming together to fight this and future pandemics. I continue to c
European central bank announced a 750000000000. 00 euro package to mitigate the Economic Impact of the coronavirus meanwhile oil rebounded more than 20 percent after reaching the lowest level in 18 years this was the best day on record for oil there of course huge year to date losses still here there is so much to get the lets bring in who must cohost christiane who joins us from Los Angeles Christy what is happening in markets today. Well brant the 1st sentiment every morning still seems to be to sell everything although this morning was the 1st time in a week that there was no overnight limit up or down trying to hold in the s. And p. Futures perhaps it is the case that systematic funds now have little left to sell nearly 2600 of the 3100 n. Y. S. E. Names are currently on the short sell restricted list and were now approaching quad witching friday tomorrow which has historically resulted in increased volatility so the question is what did that people sell into well at the center of
Quarantines and social. Now becoming the norm streaming sites like netflix have seen their viewership skyrocket but could this traffic pose a problem amid efforts to combat cope with 19 we have a jam packed show today so lets go and dive right in. And markets throughout the west have bounced back lightly after taking a drubbing this week in the u. S. President donald trump is continuing to say hes working to stabilize the economy but working with congress to provide major additional relief to the workers Small Businesses and the hardest hit industries we want to make sure that everybody is able to continue on so that when we recover all of these companies and these. Great business is very very small and very very large its not going to be broken up and you have to put it back together that would take a long time and in europe most indices closed up around 3 percent after the europeans. Announced a 750000000000 euro package to mitigate the Economic Impact of the coronavirus meanwhile oi
European central bank announced a 750000000000. 00 euro package to mitigate the Economic Impact of the coronavirus meanwhile oil rebounded more than 20 percent after reaching the lowest level in 18 years this was the best day on record for oil there of course huge year to date losses still here there is so much to get the lets bring in who must cohost christiane who joins us from Los Angeles Christy what is happening in markets today. Well brant the 1st sentiment every morning still seems to be to sell everything although this morning was the 1st time in a week that there was no overnight limit up or down trying to hold in the s. And p. Futures perhaps it is the case that systematic funds now have little left to sell nearly 2600 of the 3100 and why ac. Names are currently on the short sell restricted list and were now approaching quad witching friday tomorrow which has historically resulted in increased volatility so the question is what did that people sell into well at the center of
China itself begins. Programs depending on where you may be in the world this hour coming up to see. The outbreak and spread of the corona virus has become a black swan event for the Global Economy is no longer whether the u. S. And other economies will slip into recession the question now is how deep and how long the recession will last its going to get worse before it gets better. Recession im joined by my guess and houston he is president of Oil Associates in new york we have helen i need. He she is an american journalist with r. T. And in Great Barrington we cross to pete earley he is an economist with the American Institute for Economic Research all right cross talk rules in effect that means you can jump in anytime you want and i always appreciate andrew in houston let me go to you 1st here. I guess this is the 2nd shock in as many weeks for you because youve covered the oil markets and now we have the process being rolled out to deal with the corona virus when weve seen markets