Not a surprise if you look to see whats happening with the shutdown of the economy, the forced shutdown because of coronavirus. Taking a look at the tenyear this morning, it looks like that is yielding about 0. 735 at least on the last time i looked at the boards it was. And then wti is the other big story today. Joe also mentioned opec plus deal it was an historic one opec and other nations agreeing to cut Global Oil Production by onetenth. Well talk about this in a few minutes. Wti is up by 1. 5 to 23. 11 a barrel. We have a huge lineup of squawk newsmakers including Mohamed El Erian, Richard Preston and dr. Scott gottlieb starting in a few minutes. Andrew thanks, becky hope everybody had a great weekend. Lets bring everybody an update on the pandemic. Of course, the number of confirmed cases in the United States now more than 557,000 and the death toll is more than 22,000 there are 190,000 cases in new york state with more than 9300 deaths that means new york alone has reported more
texas-oklahoma. are have you ever been to ocktoberfest, done it in germany? pete: have you? will: yes, i have done that. what is it like? it is a ball. it is rachel: was there more drinking than last night? will: very similar. it is, you go to a huge tent and, there is just people everywhere you stand. no seats. you stand at a table. you get to know people, strangers, it s a day event. you know, so it is drawn over long period of time. the mugs are gigantic. pete: yep. will: get a bruise, get a bruise underneath the knuckle, all day long you re lifting this. rachel: exercise. will: it is stereotypical of what they call them? maids? pete: as you see it in the movies. will: it really is. she comes out i don t know how many mugs. they are gigantic, she has a way of carrying them. it is so fun. rachel: how is the food? will: germany is not my favorite food. we re going to have some food out here. will: this is going to be excellent i m sure. pete: i ve been to a beer hall i
Mostly higher taking its cue once again from the u. S. Through the shanghai composite, nikkei average and kospi. The hang seng lower by half of a percent. The saudi ipo is on track. The managing are getting some hopes to big investors that the oil giants public debut is on schedule for next year despite the speculation that we are going to see some private investors on the steel like the chinese, which may very well will be likely. The push for tax reform back in the u. S. President trump set to head to capitol hill to encourage republican senators to move forward on tax reform. First daughter ivanka trump spoke about the importance of getting the reform passed. Watch. The tax reform is so critical. We are doing it administratively, and the regulation ever really feeling entrepreneurship in the state in terms of optimism, stock market. I would hear it in every conversation i had with the people through the course of the day. So that is what fuels them and that is what we are fighting f
In the the shift that monetary based crime, the traditional activism to cause the victim pain, the service attacks for their data through a public data but add crypto where to that tool belt and you can now lock up your data, you cant even touch it anymore. It is kind of a scary proposition. It is almost time to turn it over to the audience so that they can ask questions, but questions, but before i do that i just want to give everybody a chance. We talked about a lot of things that we think may happen. What is the one most important thing that we can do to be prepared . All start with you. How to be prepared. Symposiums like this are some of the most important things we can do. If you have this conversation with your family my wife rolls rise up in her head. My motherinlaw thinks him an idiot. So we have to find ways to make these kinds of conversations easy to understand for the normal person who does not think car Internet Connections are interesting. So having these conversations i
Story. The democrats are concluding on the wrong side of this. Here we are in the biggest oil and gas revolution in the history of the world and we are talking about windmills. Republicans have to talk about pipelines. They have to talk about something you talked a lot about which is overturning the ban on the export of american oil and gas. One other thing larry they have to take on the radical greens in this country that are antigrowth antidevelopment and antiprogress. If you do those things this can drive a real expansion. I was thinking the guy who is weakened over the decline in oil prices is close to a nervous breakdown right now. Its flat and mayor putin. There are a lot of scholars here so correct me if im wrong. Im not a foreignpolicy guy but if Vladimir Putin goes down with that not be a good thing for america . Correct me if im wrong. Its very naive about these things. Isis gets 5 million a day from petrodollars. We can define their enemies. I know they want market share. Ni