Means for mass testing workers thank you not only for both swag and says its ready to pay up for. We have a packed show for you today so lets go and dive right in. The World Health Organization warns the worst of the krona virus pandemic is still ahead will global infections down at more than 2500000. 00 with the death toll more than 175000. 00 w h o spokeswoman for delicate said all of able evidence suggests the virus has an animal origin and is not a manipulated or constructed virus in the lab or somewhere else this comes after President Trumps recent comments on determining whether the virus originated from a lab in one china well meanwhile singapore announced its plan to extend the walk. Down by another 4 weeks the move comes after a sharp surge in coronavirus cases in just the latest days we will implement these type of measures on to the floor for me. But we will not be able to completely lift the restrictions off of that and go back to business as usual. We will therefore extend this Circuit Breaker for 4 more weeks beyond the 4th me in other words until the 1st of june. Then provided we have brought the community numbers down we can make further just moves and consider easing some measures well meanwhile iraqi officials scaled back the 24 hour curfew imposed to contain the spread of the chrono virus the new measures have a curfew from 7 pm until 6 am local time and they will remain in place until may 11th this comes days before the start of ramadan the holiest month in the islamic calendar traditionally involves a large gatherings will these large gatherings are still restricted but some shops will be allowed to reopen while some European Countries are easing restrictions germany has warned of a possible 2nd wave of countries Disease Control center emphasized the seriousness of the situation. The less we prevent the virus from jumping from person to person through our behavior the more the virus will fall to its actual reproduction rate the basic reproduction rate the rate that occurs when no measures are taken and that is somewhere between 2 and 3 in other words if we all now pretend that the problem has been overcome we will have another outbreak that is quite certain well brazil has the largest number of infections in south america they have more than 40000 the death toll at more than 2500 brazilian president. Continues to clash with state governors who have imposed these walk down. Naro has come under criticism for joining these protesters and want social isolation policies to end this week the u. S. Is still the country with the largest number of confirmed cases globally with more than 810000 sections on the death toll now more than 43000. 00 governors of georgia South Carolina and tennessee all said they will scale back restrictions and they plan to reopen businesses by this week this comes as governors and President Trump continue to quarrel on how and when to reopen state economies want tuesday new York Governor Andrew Cuomo is scheduled to meet with President Trump to discuss more testing the tristate thats whole top 20000 states are still struggling to get their hands on these tests meanwhile President Trump announced his plans to temporarily suspend immigration into the United States as the country paddles on the pandemic but for more numbers and information on the coronavirus be sure to check our portable dot t. V. s and take a look at the section trucking coronavirus. The dow is plunging once again this tuesday as Oil Prices Continue their unprecedented fall may contract went negative yesterday for the 1st time in u. S. History but they managed to claw it their way back to positive will boom bust cohost christi i actually just plain kristie whats happening in the oil markets this tuesday. Well whats of concern to investors now on tuesday is that theres even more selling now occurring in the back month the june contract at the most active trading down over 40 percent today meanwhile brant crude also traded down about 23 percent below its support level of 20. 00 per barrel so as storage continues to fill up prices could try at extremely depressed levels for the foreseeable future the main u. S. Storage hub in cushing oklahoma where the beach i expect to be full within weeks so even as Opec Oil Production cuts kick in and may those 10 percent cut will barely make a dent a Global Demand has dropped more than 30. Percent meanwhile u. S. Shell produces a fast approaching the point where theyll be forced to shut down operations now president from called on the government to make fun of ailill to u. S. Oil and gas industry after promising in a tweet that he quote would never let the great us oil and gas industry down so currently its unclear exactly what will happen but its actually he is allowing the donkey firms to live longer and produce more oil basically adding to the worsening situation so as the old saying goes the old the only cure for low oil prices are Even Lower Oil prices so in that environment the u. S. With its high cost producers is just not competitive well kristie Oil Prices Went negative what does that mean for this for this going forward. So basically as futures contracts expire they tend to come bird with the realities of the physical market and as he says or space is running out the physical market is so overwhelmed at this point so as many of the paper traders are unable to actually accept physical delivery traders ended up paying someone to take oil off their hands so while the may contract was an anomaly whos to say that the june contract wont be equally as catastrophic it is currently down over 40 percent today and theres still the issue of the others on market surplus and then theres the issue of the negative impact of investors rolling over their june to july contract and we saw all of that does occur yesterday and we also just saw the u. S. O. Who filed to restructure today that theyre holding 40 percent of its portfolio in june contracts 55 percent in july contract and 5 percent in august so thats any can indication at all it shows that the downward pressure and the june contract will continue to accelerate well even then that were going to see a big change in the coming months that we we have a few big earnings reports that were out today some of the big ones i. B. M. And cocacola how did they do. So i mean reporter our names and it seem like tech is not immune to a slowdown has started to basically every single corner of the economy so while top q one earnings it issued a warning for the rest of 2020 as clients and they had paused revenue decreased 3. 4 percent year over year as Software Sales slow and then as a result the entire Tech Software in particular i. G. B. They traded down more than 4 percent was her ex sales force more to networking and more Software Leading the decline cocacola as a consumer staple also wasnt safe they also announced a a while of course did earnings beats it with drew is a no for past sighting of the closure of movie theaters restaurants is severely hurting business with bowling to have plunged over 25 percent so while it got a short term from consumers hoarding staple them beverages from Grocery Stores the impact of these closures is going to be material and 2nd quarter earnings the company also reiterated that its also cutting costs where a ripoff will make a slashing marketing dollars and as cocacola being one of the biggest ad buyers in the world that not spending on marketing will have severe and locations for all of those downstream shares are now trading down over 2 percent today despite the well for more on this we want to bring this up of a trading Todd Horowitz thank you for being with us today i want to start with this almost breaking news a 450000000000. 00 stimulus bill that congress has just reached a deal it looks like its about to go to the senate now if passed even if passed if economies remain closed still may not be enough when you see another possible stimulus bill coming in and how much. You have to do and things drive me back it was i hope they stop with the stimulus bills and start to open the economy the only cure for whats going on is actually people going back to work is stimulating the velocity of money if money is just going to be given out and people are going to put it in their pocket or buy groceries or that were not going to see a growth were not going to see any improvement in this vicious cycle that were in that has been crew. Aided by a lot of this ridiculous stimulus is going to continue we need to get the economy back open we need to get people going back out again again i understand the social distancing and all the other things but you cannot cure a pandemic by destroying the economy and killing the wealth of everybody so that the money they need to get the economy open let it grow on thats what a lot of states are starting to do a lot of states in the south including georgia but thought oil is really whats driving the market right now right i mean this morning the u. S. So e. T. F. Now they suspended the creation of these new baskets theres a lack of demand its a serious issue this is one of the biggest retail oil u. T. S. And theyre basically transforming us so into a closed end fund so so why did they do that whats happening there and are they even are they in danger of blowing up. Well you know a cell will blow up they say the the measure of the e. T. F. Itself is not designed for physical delivery is not designed to handle whats called the backwardation tangle patterns that appear and if you look at oil you can see that general right now they close about 1350 whereas july oil is about 18 and as you go farther out we get into the twentys thirtys and even the fortys in some months now again youre seeing is the were sure the hope that were going to see some growth but you and mentioned earlier that could you see june go negative as well listen if we dont get some growth start to take that member. You could very well in 30 days from now see june go negative when we get close to delivery because again this is what happens when people have to get out yesterdays disaster was more of a forced liquidation through a lot of places and i assure you well hear in the next couple of days of a couple of firms that are going bankrupt because of this force liquidation they were just say which drove the price to minus 40. 00 a barrel minus 40. 00 thats a new record a record low for the u. S. President trump says he want to allow it to happen again basically he wants to salvage this but christie let me turn to you a ton of. Traders that got burned in this oil trade do we know who those those those people are are those those that got burned. Well as todd just pointed out the u. S. Side really wasnt meant for physical delivery and so therefore the u. S. O. Is primarily dominated by Retail Investors its basically an e. T. F. Which is a really popular way that Retail Investors can kind of gain exposure to or will so we always try to basically never keep positions into exploration and thats when liquidity really drives the retail traders on the other hand how are all the time to pile into the u. S. So e. T. F. In recent weeks given the very depressed prices hoping to make a quick pop in a quick scout the u. S. O. E. T. F. Longs then surge and that represent about 30 percent of the deputy i contract outstanding and they were the ones Stuck Holding the hot potato what all the music stopped playing out today the retail traders were still on the maid of u. C. I. Contract into this week as todd just said they were forced into liquidation because they dont systematically roll their products they dont roll over to the next month and therefore they were basically forced to sell into a close and still basically only that its up or a huge loss they actually went negative because they held a contract that they did not understand not realizing that it could go negative definitely not realizing it could go negative but it certainly did but kristie i want to get one last question then in the midst of chill bank has now launched its Pilot Program for digital r. And b. Across 4 cities its been working on this for years china has been against it quite as well though banning it several years ago with the latest here. So theyre currently conducting a Pilot Program and for city center. Trying to and shell and now this isnt really a real crypto currency like what weve been talking about its basically a central bank back Digital Currency of the b. B. C. And while the application is quite impressive it does allow for a faster processing rate and all that it does go fundamentally against everything that the currently stands for so with all transactions will be monitored and stored and the peano sea will essentially have instant access to peoples wallets even in the rural areas so china hasnt officially announced a timeline for launching its digital r. And b. But secular action is building are ready as you can see acidic Bank Analysts noted that the total size of trying to do the current big could reach 140000000000. 00 over the coming years and thats going to be going to about. Market definitely interesting how this will play out we have a 45 2nd answer todd i want to get your take are we expecting to see and retest these lows that we saw in march in the market as we keep getting hit with the negative numbers. I think of the mega remain not negative and i believe that you will dwell take out the lows and we should at the end of day go much lower before we start to really go higher and have a chance to make new highs well its definitely been a roller coaster hopefully it will become somewhat study in the coming weeks if not months cohost christi i taught her with a trading thank you so much for your time. And. Time now for a quick break but hang here because when we return companies are looking to get back to business but it may take a lot of testing and workers that wehling it to actually take them before it can actually happen while we go to break here the number is but. This is a story about what happens on astra stray bullets kills a young girl in the streets. What happens to her family the daughters in florida law the mother daughter is just buried in this and terri healing this is with your head what happens to the community the public was screaming for a scapegoat the Police Needed a scapegoat so why not. A 19 year old black kid with a criminal record who better to pin this on him and what happens in court. Sharp shock as far as i feel. We dont know. What we. Know. Seems wrong. We just dont. Get to shape out just the consequences. And in detroit equals betrayal. When so many find themselves worlds apart as we choose to look for common ground. As a number of states are beginning to release their stay at home orders more and more employees that will be allowed to head back to work while obviously the coronavirus will remain a serious concern for employers so what should be done to detect it well can employers mandate Virus Testing for employees or should they well according to tech crunch the notion of testing employees does not or poise who dont exhibit symptoms has been a less pressing question however due in no small part to a limited availability of testing kits but as the w. H. O. C. D. C. And other organizations have made abundantly clear its entirely possible to carry the virus while remaining asymptomatic a fact thats made the Novel Coronavirus all the more scary well joining us now to discuss is going bust. And so on but i. Obviously employers must abide by the rules as well as hipaa laws but the most basic question here is can an employer acquire employees to be tested for the crown of iris. Well thats kind of the question right now is whether or not you can or cannot the 88 the american with disabilities act. Centrally lays out some of the things you can and cannot do and so there are some rules about how employers can conduct themselves for instance in the case of the coronavirus an employer could ask an employee if they have been exhibiting symptoms of the coronavirus Something Like fever chills d body aches those kinds of things you could ask those questions is nothing wrong with that in theory you could also test employees though theres a big question about whether or not you could mandate testing but heres whats important is that according to 88 guidelines right now you cannot legally fire someone who has the corona virus so if someone does come down with the virus they cannot be terminated for it so the question would become if you you know someone refuses the test can you then fire them for refusing the test if you cant fire them for having the virus thats where it gets a little bit tricky we know amazon jeff bezos told shareholders last thursday that the company was starting to gather the equipment that it needs to build a coven 1000 test thing labs for its employees and the company has deployed a redeployed a team of scientists procurement specialists and some Software Engineers to work on a lab for testing these up front line workers could we see other employers follow suit and really create their own Testing Facilities i dont think its very likely that most employers will do this 1st of all the cost of this would be enormous of course amazon just you know has so much money doesnt know what to do with it so they can pretty much do whatever they want and jeff bezos is just a strange man who likes to do these kinds of things right he loves the idea im going to test every employee and were going to monitor our for your standing from someone else whats more likely to happen in the short term is that there might be in Office Buildings you know kind of temporary testing so. Set up was you know that one article that essentially said in the future we could have employees required to come into work earlier than usual so they can go through a testing facil