Optimism Oil News Today

That trend remains the empire states trend. Never mind deaths and overall cases are stubbornly high. The trend is the improvement. We were up a lot on major market averages. As you heard from stuart, the nasdaq now in positive territory for the year. Dow jones industrials, s p 500, sprinting ahead, with the dow down 50 on the year. Really recouped losses. Nasdaq over 9,000. That is startling development as technology continues to be own a tear. It got a little bit of extra spring in the test wit...

Thats unbelievable. Bob has more on whats driving the action bob. Thank you were seeing some rotation today. Its about time and thats a really good sign for the market. Well see if that holds. These things come and day. The banks have been drooping a bit. Nn energy, first rally really in a month. Tech is sort of inline today thats interesting i want to show you something health care is lagging nap was the Leadership Group this the the rotation im talking about. How about tech tech is up its an i...

Grubhub jumps on the news of a take away by huber. They will diversify by uber. They are trying to diversify from simple shery car journeys. ,utures are under pressure extending losses from the regular session. It was a risk off a day, the dollar tumbled, treasuries rose. We had dr. Fauci reiterating his warning against reopening the economy too soon. We had real estate financials weighing on the s p 500 and it lost the losses are accelerating after trading. Some people saying the Virus Outbreak...

Within the dow. Take them out of the picture, things wouldnt be as bad as they are now. Were well off the earlier lows, down 400 points, down about 165 points but also fueling this, offsetting this if you will is talk of progress on that stimulus front. You remember where they were looking for republicans, another 250 billion for the Paycheck Protection Program . Well they ran into a buzzsaw of criticism from democrats that argued it was too tilted to business so they wanted to make assurances f...

Seeing some good things in its earnings. We are also getting a few good out of a study on a gilead drug, sending shares higher today. It looks like this particular duration taking the drug allowing for the same results, which means we will be able to get more testing done to see if it has an impact on covid19. Guy the data are bad, the science is good. That is probably the message coming out today. The gilead news having a positive effect on european stocks. We are near session highs. Today is a...

Was with bill winters of Standard Chartered who saw first hand what was happening in wuhan. He said the u. S. And u. K. Were too late in dealing with coronavirus. Mr. Johnson, who is still selfisolating at downing street, he has given up doing the daily briefing. He has given that to michael gove. Unprepared andl we watch what comes next. The amount of traffic in london is still quite palpable compared to france and italy when they are in complete shutdown. , i drove around a bit yesterday and i...

Between mexicos president and the king of saudi arabia and president putin. What the deal does is 9. 7 Million Barrels of oil. A diplomatic victory only cutting 100,000 barrels. Past theren in the are some that struggle to comply with the likes of iraq and russia as well. If you look deeper, and Goldman Sachs with some of these numbers, if you look at the First Quarter of averages, it could be closer to 5 Million Barrels a day of real oil coming off the market. You see a lot of people like the p...

This is bloomberg. Vonnie thank you. We are back in a moment. Vonnie this is bloomberg markets. On vonnie quinn. Saysard chartered ceo singapore and hong kong could recover from the pandemic in the second half of the year. Francine lacqua spoke about what the western world could learn about controlling the virus. The bank of england took the view, understood the view that given the uncertainty around this crisis, uncertainty in terms of financing requirements, uncertainty around the losses that ...

Biggest gain ever when it comes to wti in terms of percentage. We are losing steam there. We are not seeing a whole lot of movement here today. The offshore is slightly weaker. It does not seem like theres a whole lot of patterns you can actually string together here now that we are excluding japan. Ending the week back to where we started. Tom weve had another downgrade, another cut to forecast growth. Malaysia cutting its 2020 gdp growth estimates to 2 . A contraction of 2 . They are cutting t...

Ss . The Trump Administration promising help for businesses big and small affected by the coronavirus outbreak. The cruise industry, will it be first in line, hat in hand, after getting soaked yesterday . Cruise line stocks are still getting buffeted by wild investor winds this session with major names halted multiple times in hopes of the government throwing the industry a life preserver. One of the worlds leading Infectious Disease experts faces off against cruise industry guru the cruise guy....