Other. Yesterday, down over 200 adding that, you are down more than 1,000 points of decline in early session right now. Well see what the market does as we get close tore reopening and of course to the closing bell today s p 500 down 33 and nasdaq down 101. The central bank indicated it would keep Interest Rates near zero projected that the u. S. Economy will shrink by 6. 5 in 2020. They do see a gain they are expected by 5 in 2021 followed by 3. 5 gain in 2022 and will continue increasing Bond Holdings and Mortgage Backed securities at 40 billion a month. Take a look at the 10year note, yield now sitting at 0. 698 . Crude oil prices have also come down a little too. Wti is down about 3 this morning. Ticking at 38. 38 a lot of this is because of what the fed is you no saying you are really expecting some tough economic sledding. The news out of 12, 13 states probably not great either. I think it would be hard for me to sell right now. You wait around. We dont invest. You would have wis
Hardpressed drillers . We will ask. Now we are quoting the next contract for june delivery. The price coming in at, where was it moments ago, what was it, 15, 16 a barrel. The president will fill the Strategic Petroleum reserve with up to 75 billion barrels. That helps storage capacity. But it makes no impression on collapsing demand which is at the heart of the oil price problem. A lot of people expect that that price, the one we see right now, what was it, 16, 15 a barrel, expect it to down from here. Well see. Stocks, theyre down in part because of the Oil Situation. Its another indicator of how badly the virus is affecting the economy. Investors not happy about the demise of Americas Energy industry. The dow will be down 500, s p, lets see, 54 points down and the nasdaq down about 82. A small loss in percentage terms compared to the dow and the s p. Well, the president s twitter account active last night, late last night. He called the virus the invisible enemy and said he would is
A 2nd wave of coded 19 but his Health Experts say infections will come back. After 9 years of a war in syria the 1st trial linked to alleged state sponsored torture has begun in germany plus. Field u. N. Technology thats making it difficult for nations to connect when they need to be communicating more than ever. And in school the n. F. L. Draft gets ready to go virtual the games best Young Players be selected remotely with millions of fans watching. Lets get going we begin this news hour in germany where the chancellor Angela Merkel has issued a call for Greater Unity in the fight against with 19 during a speech to the Parliament Mrs merkel emphasized both the need for International Cooperation and also within the European Union saying success could only come if the book could fight the virus together with that in mind she called for a bigger budget and she said germany was ready to pay quote significantly more to help with the economic. Recovery that comes as a youth leaders prepare
Not that great no the coast. But in temps will be about 10 to 15 degrees above, you guys. Lets head over to sal now and see if theres anything new going on. Good morning custody. Right now, we have traffic that is mostly good and not a lot new as you mentioned. We have the commute, not much of one. Will, you know, people are going to work. But a lot of people are working from home. You just saw the bay bridge, were going to look at it again. And you can see that there is not much going on. Now, there have been a couple minor things and just as you have but mentioned, everyone has been mentioned, how fast people seem to be going. Chp still issuing citations, so dont speed because theres a good chance with a few cars on the road, chp will be able to spot you very quickly. It is 7 01. Lets go back to dave. All right, sal thank you 4 million more people filed for unemployment last week into wallet from covid19. The new Labor Department report just came out this morning. Ktvus Elissa Harrin
Weeks to come. Blake what are you hearing . Reporter it is indeed, neil. Florida, you mentioned one of the states, the governor, ron desantis in the Oval Office Meeting with president trump. Were getting notes from reporters inside of that meeting. It appears to be a little bit of a showandtell as the Florida Governor is holding up graphs and charts. The president describe i had as a News Conference. You know the deal. This is one of pool sprays. The president told desantis and reporters in the room, as it relates to florida, the ability to test exceeds current demand. Good news in florida. The Florida Governor said yesterday in a News Conference in his open state, florida, for example, would be taking baby steps in his state. There would be sort of a different plan for southeast florida as it relates to the rest of the state. I asked president trump, neil, in the rose garden last night, during, during that press conference which he outlined testing guidelines Going Forward, what he wo