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
Its a move no one seen in decades on monday oil prices plunged into the negatives prompting President Trump to make this announcement were looking to put as much as 75000000000 barrels into the reserves themselves that would top it out it would be 1st time in a long time its been good for the rate brace. Now adding that much oil is a major task but where do you store it meantime Oil Prices Continue their downward spiral today for more on all of this lets bring in our friends actually been following the story and this is the 1st time in history right that that oil has dropped below 0 right now and you know this is really a domino effect all from the coronavirus now people have these stay at home order so people are theyre driving less no one. Flying anywhere so you have all this extra oil not being used and theres only so much oil the world can store and were already bumping up against the limits of Storage Capacity and thats why were continuing to see the price to continue to sink now
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
Emergency Small Business fund, 75 billion for hospitals. The democrats claim its their victory and already, senator schumer is planning another 150 billion package, this one for local governments. Is all this enough . In my opinion, not if we dont get back to work soon. We have to open up the economy to avoid economic disaster. Elsewhere, the president says he will sign an executive order today suspending green card issuing for 60 days. This does not apply to guest workers or agricultural workers. To the markets. After two days of sharp declines, weve got an uptick. The dow looks like it will open with a gain of close to 400 points. That is 1. 7 . S p up 1. 8 . Nasdaq up 1. 6 . Green arrows across the screen. There are some standout stocks. Netflix nearly 16 million new subscribers. Their outlook, though, is cautious. We will get into that. The stocks down eight bucks, 1. 8 . Look at chipotle, doubling their online orders in the month of march. Chipotle is clearly a lockdown winner and
Its not difficult to be crabby when you are basically living hand to mouth with government stimulus. I thought that encompassed the markets perfectly for a day like today. A lot of earnings coming out. Delta looking at a 50 cut in daily cash burn by the end of june. In terms of their First Quarter loss, they had about a . 51 loss , and revenue was down 18 year on year. As we expected, pretty brutal when it comes to delta. Baker hughes, oil services company, saying the outlook for oil and gas is certain. No kidding. The revenue down by about 4 year on year. 0. 11, acoming in at little bit light. Lets get you some of the headlines here. All of todays market moving news from new york, as will is washington. Brent crude getting sucked into the lowest level since 1999. Bloombergs part two thought to be role bloomberg spoke to thought he be role spoke to fatih birol. Some of the countries are cutting their production earlier than announced. Others joined them. If others do not follow the ste