At 10. 01 per barrel. It did manage to scratch back about 126 of yesterdays 300 plus loss but energy has swamped the stock market over the past 48 hours, completely wiping out fridays 700 plus point gain for the Dow Jones Industrials. Right now we are looking at the dow swooning at the moment, down 562 points. Thats good for a 2. 33 loss. All three major indices are facing a second straight day in the red. Could a lifeboat arrive within just an hour or two . Word is congress is coming together as we speak to replenish the Small Business rescue plan with a fresh 310 billion round of loans. As some big banks, though, play favorites with the First Tranche of money, nontraditional lenders are fast gaining more respect. Weve got the chairman and ceo of one of them. He has already delivered 2 billion to Small Companies and is ready, willing and able to do it once again. Got to hear how hes doing it. And hollywood is on hold as the sopranos prequell sleeps with the fishes. Steph patt ernot is
Ms. Mcenany good afternoon. I have an announcement for you on hospital funding as appropriated in the third phase of Coronavirus Relief. The Trump Administration will distribute a total of 12 billion to 395 hospitals across the country that have been hardest hit by the covid19 pandemic. These hospitals have collectively cared for 70 of the 184,000 americans that required hospital inpatient care. 10 billion of the 12 billion will go toward hospitals treating 100 or more covid19 admissions. H. H. S. Is just to bidding an is distributing an additional 2 billion to these 395 hospitals in proportion to the amount of care they provide to low income and uninsured patients. This is consistent with our effort to ensure americans who need federal government assistance the most receive it. We will be releasing a breakdown of the states receiving this funding and the counties receiving this funding. New york, new jersey, and illinois received the most funding by state, while new york, new york, th
By the u. S. Military going to discuss all that and more coming up all right its time to move through news i q. 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 fronsac shes been following the story fair and this is the 1st time in history right that that oil has dropped below 0 right middle and you know. Really a domino effect all from the coronavirus now people have these stay at home order so people are there driving last no ones 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 ag
By the u. S. Military going to discuss all that coming up all right its time to use i. Q. 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 fronsac shes been following this 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 orders so people are theyre driving less no ones flying anywhere so you have all this extra oil not being used and theres only so much oil the world store and. Were already bumping up against the limits of Sto
The global corona crisis you can find more information on the mindset e. W. Dot com and on social media channels. Oils collapse in the u. S. Has Global Markets worried deflation is the big fear as producers rein in production the question on everyones mind when will demands pick back up. Beijing gets back to business well see how chinese firms are changing to cope with the coronavirus. And pandemic measures claim a victim down under as ferg an Australian Airlines files for bankruptcy. This is your Business Report im sure. Its good to have you with us now the crash in u. S. Oil prices is reverberating around the globe pushing stocks toward losses and driving Commodity Prices down major Oil Producing nations could be hit hardest with lower prices carving chunks out of their budgets theyre now hoping that demand rebounds in the months ahead. Demand for oil has plunged amid the worldwide lockdowns lentil cough in 1000 pandemic and that coincided with a surge in oil supply the result of a r