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Why did u. S. Oil prices hit negative territory an 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 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 oi...

Up 0. 8 nonetheless. A lot of companies suspending guidance, but a few green shoots as well. For example, cap talking about upsizing for example, gap talking about upsizing its bond offering today. That is really rallying today. 11. 8 monthere down over. Month for retailers in general yen strengthening today month over month for retailers in general. The yen strengthening today. Waiting for the ecb later this week, as well as the fed, for some forward guidance. At 13. 15. Ng the vix at 32. Companies withdrawing guidance at a rapid clip this quarter. Our next guest says we need an event that co...

Any mutualization. Vonnie we are seeing a nice bounce for equities today. The dow in the s p both up 1. 5 to 1. 7 . The nasdaq up 2. 1 . All Industry Groups in the s p 500 higher, even though we are off our highs for the day. The one teetering on the edge is the home wherein transportation index, but they are basically flat to down 0. 1 or so. Some good earnings overnight. Many companies, including kimberlyclark, just getting rid of guidance altogether for the year because it is just impossible to know how the rest of the year is going to pan out. The likes of twoputt lake the likes of chipotl...

Keeping an eye on the treasury market, the 10year right about 0. 638 for that yield. Right now time for the squawk planner. The American Economy has lost about 8. 8 million jobs in the last three weeks economists are expecting the loss of an additional 5 million. Well get Housing Starts data with a decline of 15 for the month of march we have a big lineup of guests starting at 6 30 eastern with black rocks larry fink. We also have ken fine berg, dr. Emanuel, barry diller and House Majority leader mccarthy coming up and cases to top 2 million u. S. Cases top 640,000 new york cases over 21,000 n...

The tunnel but this is going to be a very painful two weeks. Uk Bank Stocks Fall after lenders ditch their dividends. Joining the european counterparts on calling lenders to hold on to cash sinking deeper into contraction while the italian pmi drops to the lowest in a decade i expect to see some very bad numbers coming out of the economy in the First Quarter, Second Quarter and what it looks like coming out will depend how the virus proceeds lets do a little bingo calling here this is your eurozone pmi bingo numbers. Final manufacturing pmi for march 44. 5 that is the lowest since july 2012 th...