And trading in these Turbulent Times we have a packed show today so lets dive right in. And as the number of cases of coronavirus worldwide eclipses 750000 with more than 35000 deaths the United States has become the epicenter of the pandemic with more confirmed cases than anywhere else in the world on sunday despite hopes of returning to the u. S. Economy to normal by easter u. S. President donald trump announced the extension of social distancing guidelines through the end of april the peak in death rate is likely to hit in 2 weeks nothing would be worse than declaring victory before the victory is one. That would be the great. There for the next 2 weeks and during this period its very important that every one strongly follow the guidelines have to follow the guidelines that our great Vice President holds up a lot hes holding that up a lot he believes in it so strongly the better you do the faster. This whole nightmare will end. Therefore we will be extending our guidelines to april 30th to slow the spread. And Dr Anthony Fauci the top Infectious Disease specialist in the u. S. Believes extending these measures is crucial to slowing spread of the virus and the cost of life yes we feel that the mitigation that were doing right now is having an effect its very difficult to quantitative because you have to dynamic things going on at the same time you have the virus going up and you have the mitigation trying to push it down but the decision to prolong not prolong but to extend this mitigation process until the end of april i think was a wise and prudent decision and on monday the director general of the World Health Organization echoed this same sentiment. We understand that many countries are implementing measures that rest wreaked the movement of people in implementing this measure is its vital to respect the dignity and welfare of all people its also important that governments keep their people informant about the intended duration of measures and to support for older people but if you use and other vulnerable groups. Governments need to issue the welfare of people who have lost their income. W. H. O. Officials added that hard hit countries like italy and spain are potentially stabilizing due to these measures but it is not time to give up those restrictions deaths in the 2 nations now exceeds 18000 elsewhere in Europe Germany now has more than 60000 cases with just over 500 deaths as the world deals with extending these measures the summer olympics set to take place in tokyo have officially been rescheduled to july of 2021 and this summers Detroit Auto Show has also been canceled as family uses the venue as a temporary Field Hospital for training those affected by the virus as always remember you can get the latest news and information regarding the spread of the corona virus on the portable t. V. Apps coronavirus tracker. And u. S. Crude oil prices a fell to their lowest levels in 18 years as a lack of demand continues due to the crow virus pandemic the west texas intermediate the us Oil Benchmark dropped by more than 7 percent early monday hitting a low of 1000. 85 per barrel before bouncing back just above the 20. 00 mark brant crude the International Benchmark lost nearly 13 percent dipping just below 22. 00 per barrel its lowest level since 2002 before rebounding slightly now as weve discussed on boom bust lockdowns throughout the world have cause prices to be cut in half over the last 30 days and it doesnt appear things will get any better as Analysts Expect global petrol demand to drop by 50 percent as the world continues to sell piously and social distance themselves which has kept them out of their gas guzzling Vehicles Energy consultant at g. E. Claims demand in the u. S. Could drop by 5000000. 00 Barrels Per Day in april alone which would equal a drop in 5 percent in the Global Oil Demand and thats just the u. S. Thats more bad news for us shell that the u. S. Challenger street which has been losing billions and many producers are on the brink of bankruptcy and while crude demand is plunging there are no signs that the worlds top oil export or an opec stop produce. Saudi arabia is backing down from the Oil Price War with russia which began earlier this month not only is saudi arabia not backing down from that oil price where for market share the kingdom has also pledged another major increase in its crude oil exports starting in may meanwhile russian oil prices on friday dipped to the lowest price since 1900 russian president Vladimir Putin the President Trump held a call monday in which the 2 leaders spoke about the situation regarding oil amid a broader conversation about the coronavirus and for more on the state of oil markets and the overall economy were joined by Todd Horowitz chief strategist at bubba trading bubble always great to have you here today were seeing the lowest d oil prices in nearly 18 years right now as we just mentioned much of this is attributed to measures taken to combat the spread of the coronavirus what do you take away from all of this. Great to be with you brant you know listen weve got markets that are oversupply before all of this started and then you cut into deeper we already have a glut so you see some heavy selling in a lot of pressure i think youre probably find a bottom here any time soon you know again 2019 some around here because if you look out into the future now you see the price separation is getting much deeper and much higher so for example if you go out to to juneau oil its 25. 00 versus 20 so the spread is starting to why not would you say that once israelis itself we should start to see some buyers step in you know were getting to a problem price point where the shorts are going to start to get a bit nervous and i think youll start to see at worst a Short Covering it could take us back to 25 before key because youre bound see it going a tremendous amount lower although i am short id like to see it go a lot lower but i dont think it will it know how much of an impact are we actually seeing due to this Oil Price War between russia and saudi arabia once everything returns to normal with the coronavirus pandemic and maybe that that helps to clear that whole issue up will these oil go away. A or d is this going to be a continuing thing i mean i know youre saying futures are looking good in june but we really dont know how and how long any of these circumstances are going to last. 100 percent run i cant say for sure but again look we know that saudi arabia and russia would like to put the fractures out of business to begin with right they dont want to show producers theyre taking away their business they dont like that the United States is the number one producer in the world of oil so i think were going to see is that pressures are going to remain however i think with a lot of the this stuff that the fed has done to lower Interest Rates to forgive some payments for a while it will help keep these guys in business and as we as if we get back to normal again we only oreilly speculating that it will be able 30th or may or june so we dont know what it was that as we get back to work will start using it again and will hopefully start to leave some of that glove but at the end of the day i mean we have no idea how long does it go on for but the forgiveness of loan the free money will help the shell producers survive through this very tough time right now and i was going to actually ask about that because i mean youre right theyre getting some some sort of a we could call them stimulus measures or loan forgiveness not forgiveness but you know i mean delays on it so but in the end they have these rage with razor thin margins are all of these shell producers going to make it out of this particular issue that were having right now or is this are some of them just are going to cut it. Some american to make it promises some are very tight budgets to begin with right there already you know on a shoestring before all this happened one are always at lets say 35 so now theyre probably in trouble well lose a few but again in a true market a true free market others will pick up the slack and theres plenty out there to go after and theres plenty of people willing to go get it so the Weaker Companies will say it will fail but destroy our companies will hold and again but i dont think the failure rate is going to be happen as fast as we would think it would because again between what theyre trying to for Small Business with some of these crews are Small Business so theyre going to be able to pay their employees is that putting on employment which means that they get to stay in business without any risk because again the government is going to pay those employees and pay them which allows them to keep their people working and that can fly in and around employment so theyre just paying unemployment a different board by trying to keep these Companies Operating now i want to move off of oil for a little bit here to talk about a little bit the latest regarding the virus and present trends had hoped to have the u. S. Economy humming along again by mid april but is now distancing measures have been extended through the end of april what is this doing to the u. S. Economy and i know there was a big movement for people to say hey you know if you take the lumps lets all go back to work and get things going and do that for america which is kind of a bizarre thought but what do you make of all of this where we had with the u. S. Economy when this is all happening. Why is it right you know that i thought we were in the early stages of a recession before all this coronavirus started i think we got some troubles here look at the end of the day heres where we are right weve got companies are going to slow down weve got nobody producing and were not going back right to buying and shopping i mean listen youre still going to have all the sports stadiums are going to be closed all that river not revenue thats generated Everything Else that creates population and people is going to be closed so were not going to be producing there and a lot of these other stores and recent retail outlets are not going to pick up suddenly were not going from 0 to 100. 00 in a week or a month there are 6 months this is a take a long time to rebuild and how about all the restaurants that are too out of business so based on that were a Service Economy youre going to have a lot of issues to deal with there before we get back to normal but it what i think will happen is that we can if we can see that it looks good things will start to be better but again the overall equity market of their district was truly over overvalued here. Lastly and i got about 45. 00 so its pretty fair economists with the feds st louis district are saying unemployment could hit around 30 percent as people continue to be out of work due to the precautions made to combat the virus i mean where are we going to be at here in a couple of months when it comes to unemployment is it going to hit that 30 percent mark do you think. Well i put no credence in whatever the fed says i dont think they have a clue whats going on around him anyway so i think that it could well yeah i mean i dont think its possible but itll all be temporary a lot of these jobs will come back and dont forget with the government Small Business assistance which employs half of america ok theyre trying to keep these were working now so that to keep the rates lower as well but these are temporary until the absolutely Todd Horowitz chief strategist of baba trading thank you so much for your time today thanks. And u. S. Conglomerate johnson and johnson announced it made a 1000000000. 00 deal with the u. S. Government to cofound Vaccine Research to fight the corona virus the company said it would start human testing by september and hopes to have it ready for emergency use by early 2021 this would accelerate the pace which usually takes at least 18 months for such vaccines to be tested approved and then manufactured johnson and johnson added it plans to open one new site in the u. S. At a number of other sites across the world in order to manufacture and distribute the new vaccine more quickly now they seek to produce more than 1000000000. 00 or 1000000000 doses of the coming vaccine c. E. O. And chairman alex course he told c. And b. C. We have very good early indicators that not only can we depend on this to be a safe vaccine base but also one that will ultimately be effective based on the early testing and modeling weve been doing while gorski said they are pursuing the vaccine on a not for profit basis its unclear what the customer cost may be. Time now for a quick break but hey here because on the other side market volatility continues to roar as markets have been slammed by the demick straight ahead we break down stock movements around the globe and what lies on the horizon and as we go to break heres the numbers at the close. Well done Charles Dickens captured the moment in the christmas count being a condemnation of capitalism wasnt yes you know the ghost of christmas future was neoliberalism visiting the president trying to warn people what happens when you financial lies the Global Economy and you do 3 or 400 years with the consumption today christmas being a holiday of consumption losing its significance as a spiritual soulful. And here we are you know weve all been very very naughty and weve all been sent to our room and were all sitting in our rooms now thinking about what we did this is a moment of self reflection for the Global Community to sit in your room and think about what you. Micrographs friends arent slights against you know white sort of men for example theres their slights against women or nonwhites so its always you know the idea is that statements that directed toward a Privileged Group are interpreted differently than a statement directed towards an oppressed group and so thats kind of the whole framework and its a political framework thats used the result is of course focusing at least on certain kinds of minor slights and saying well rather than ignore more than we need to call attention to them but its not all slight so its a very political in this country. And welcome back western markets are continuing their upward trend for our last 5 trading days throughout europe indices rose between a half a percent and 2 percent the us is very bad. Here with the dow and nasdaq and s. And p. All seeing substantial gains asian markets have not been quite as lucky with japans nikkei the shanghai composite and hong kongs hang seng all in the red and now we have a lot of expert analysis to break down what is happening with the markets and for that we go to t. J. Walker is director of stocks with Simpler Trading and boom bust cohost christy who joins us from los angeles now 1st off kristie tell us what is happening with markets on monday. Well its really refreshing to see the 1st green monday in more than a month today as the u. S. Equity markets extended its rally with indexes surging over 3 percent so these gains were sparked by a nasa stimulus as president signed into law friday a 2 trillion dollars stimulus package in order to help cushion the economy now despite the rally though there is still a high degree of uncertainty regarding the length of the global lockout which continues to disrupt businesses and supply chains and this is clearly evidence in the lack of participation in the rally as we look at the trading volumes fund exploders fell further and theres a complete lack of new positive positioning in futures and options so were coming off our best week since 2009 but indicators are still to the downside as major averages are still below their respective moving day averages the day of the e. T. F. And passive investing which has been in play for the better part of the last decade is completely over selective stock picking is in again as investors expect more coronavirus driven market volatility so were now looking at names that have a rock solid Balance Sheet of cash to weather the storm and a solid contingency plan to continue to operate in this new normal the entire market is now expecting to change its ways that it hasnt since to date where the recovery will not be a sharp v. Shaped bouts remote teleconference is expected to stay travel its especially International Travel will be needed in the future and the entire leisure industry will take a massive hit as consumers whole less disposable income to spend stocks will also take longer to recover as a feds efforts have become less and less effective now defense of Consumer Staples such as proctoring yaml got an upgrade and a bid today while the entire gig industry built on the back of fire air b. N. B. Is completely obsolete now the sell everything and ask questions later mentality has finally passed but the damage has already been done as confidence in the market rally is weak as investors still doubt the durable of the of this entire rally in the face of the long tail after effects which includes a massive spike in Unemployment Congress is now rumored to be working on a 4th stimulus package now kristie have we actually seen the bottom in equity markets right now. I dont believe weve seen a bottom i do think that it will be very easy for us to see any test of the 2400 level as he says this entire rally have you seen a lack of participation there has been more volume on the sell side than on the upside and given the lack of futures options presents i feel like investors right now are positioned very d