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Abc special correspondent dr. Nt alok patel. Dr. Patel, good afternoon, good to see you and thanks for joining us. Good to digitally see you as well. Yes, thats how we got to do it these days. Dr. Patel, lets start off by giving you a big picture of what we see in california. We hear cases are going up. What does that really mean . California is one of over 20 cases where theyve gone up including napa and marin county. Theres a wide variety of factors of why this may be. Some suspect it was related to memorial day, which was a little bit more than two weeks ago and people kind of getting quara...

Phase two trial of its vaccine candidate. Where do you want to begin beginning of june, theyre talking about phase three. I love the confidence. There was a time where if you did that, the fda would really call you out say basically, how dare you plan phase three . You have to get phase two done this is a sign once again that the level of fda meaning business is extraordinary. The time that it takes to do these things is being at a level that no one has ever seen. Remember, mumps, the longest to fruition, four years this thing is happening so rapidly, and theyre talking about scaling if its go...

We were seeing a bounce. A few trade and tariff exclusions will now apply on chinese goods. We are closer to reopening, and oil rallying. Some permian drillers are cutting output even as the Texas Railroad commissioner ryan sitton told us yesterday that quotas were down on arrival. We are seeing diamondback,s diamondback,seeing centennial, and others cutting output today. Guy that is feeding through into the china story, and also into what is happening here in europe. Oil and gas the best performing sector. Brent is up 11 . Higher the00 gapped first thing this morning. Eurodollar taking a knoc...

Highs, off 1. 6 . You can thank the autos and oil companies. Several companies in the permian cutting back on production even then there was no vote on quotas today. Index ofhe energy 2. 3 . Some companies are not faring so well. Norwegian cruise line among them, down 21 . Norwegian cruise lines looking for money desperately to keep going. It raised 400 million and is looking to go to market as well. Yuan offshore is trading off of its weakness. It looks like the Trump Administration for the moment, is going easier on china. Kailey leinz has a deeper dive into the market action. Kailey it has ...

Jobless claims, though, 4. 4 million, bringing the total to 26 million over the past five weeks. Oil bounces, and the european pmis remain historically low 16 in france no, 10 in france 16 in germany. Jim, though, your tone this morning is relatively hopeful. Look, i am a creature of who reports and what they say. And i can literally i find it hard to remember as Many Companies as saying good things, even as obviously were in nidest of a pandemic, and i dont think theyre all clockeyed optimists. These are large cap companies. These are not the companies that the government is trying to protect...