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 3000000. 00 the World Health Organization is director general on monday address the easing of lock downs in europe due to the klein in new cases on the continent. The new hope is was declining number 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 pond is 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 call for
White house goes on joe biden is in but secure his place is the democratic nominee but can he still trump joined us for continuing coverage of the u. S. Election 2020000. Why did u. S. Oil prices hit negative territory at unprecedented fall in American Crude Oil sales has added to the hardships caused by coronavirus so what will that mean for the u. S. And the Global Economy this is inside story. Hello and welcome to the program im Richelle Carey thats one of the worlds most valued commodities but the coronavirus lockdowns to overturn the dominance of oil the worth of a barrel of u. S. Oil fell to less than nothing on monday thats the 1st time in history the price has turned negative so this means producers ended up paying buyers more than 30. 00 a barrel to get oil off their hands it rebound a slightly shit disturber 2 dollars the next day that jaw dropping slide is because the world has more crude that it could use and Storage Facilities and even ocean tankers are filling up oil is t
The pandemic Oil Producing countries reach a deal to cut production in an effort to offset the global drop in demand and prices. The u. S. Unemployment rate has soared to 17000000 in the wake of the coronavirus pandemic the countrys economy has been crippled as businesses are forced to shut down in an effort to stop the spread figures released on thursday so 6. 6 millions of americans filed Unemployment Benefits last week alone thats on top of that 10000000 in the 2 weeks before and more than 15000 people have died new york state is the hardest hit accounting for nearly half the total number of deaths and the British Government says Prime Minister Abbas Johnson is out of intensive care very was being treated for the virus and were going to have more on joe. Ensigns condition in just a moment 1st lets go to john hendren whos joining us from chicago john just a few moments ago the press conference by the corona tasca force in the us at the white house was concluded president something th
Why did u. S. Oil prices hit negative territory an unprecedented fall in American Crude Oil sales has added to the hardships caused by coronavirus so what will that mean for the u. S. And the Global Economy this is inside story. Hello and welcome to the program im Richelle Carey thats one of the worlds most valued commodities but the coronavirus lockdowns to overturn the dominance of oil worth of a barrel of u. S. Oil fell to less than nothing on monday thats the 1st time in history the price has turned negative so this means producers ended up paying buyers more than 30. 00 a barrel to get oil off their hands it rebound a slightly shit disturber 2 dollars the next day that jaw dropping slide this because the world has more crude that it could use and Storage Facilities and even ocean tankers are filling up oil is traded on future contracts and fears of not finding a place to put oil in may means nobody wants crude thats led to a severe drop for west texas intermediate a benchmark for
Because they dont know who is a citizen without the virus and who is a citizen with the virus. The most basic decisions have become a distraction across the country as americans have become afraid of a stranger and of a friend. This is a huge shift in where we are as a country. And what this demands is immediate action. Three weeks ago this senate and the house passed 8. 3 billion, and we did it with overwhelming bipartisan support to be able to add additional funding for diagnostics, for testing and for rapid work on a vaccine. All of that work is advancing quickly. We have human trials in a vaccine happening right now. Weight came together and there werent extra things added to it we focus in on the virus. Theres no question theres lots of moments to be able to debate the things we disagree on. But this is a moment we understand to focus in on what is the problem. The problem is zealing with covid19. There was a bipartisan bill put together in the senate. A week ago today, senator sc