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Well china for instance reporting an increase of cases and u. S. Officials warning this week will be the toughest yet as hospitals struggle to maintain and eck up and down their capacity. Coming up on todays show, blackstone is donating millions of dollars to support Health Care Workers and First Responders in new york well speak to the ceo about that and his thoughts on this volatile market. Plus, well be joined by the ed of the transports union. 59 minutes left of trade. Lets focus on the big stories we are watching nowful meg with the latest on treatments for the virus. Peter from canter fitzgerald is here with us to talk b about the volatility in the oil market in particular, but first, mike, want to get your take on todays rally and where this puts us a pretty crisp rally, cant argue with that. Where it takes us is one of the most interesting things. A oneyear cha ....
Futures trading was halted yo ed overnight. If were down 7 , you halt for 15 minutes down 13 , you halt for another 15 minutes if down 20 , you halt the remainder of the day some people wonder how long we will be trading at the open. Yeah. Look, i think the problem is twofold no one thought oil was coming. Theres a very, very different approach by some to whats happening with the virus some people are saying not enough others are saying, listen, were making too much of it. Im in the distinct not enough camp i come back and i keep thinking about david tepper and what he said to me at the super bowl i dont know if we have that i think we do is the booth ready on that going back to midfebruary early february day before the super bowl i came back and have never been the same i know people have accused me of being fear mongering for weeks now. No, i think im realest mongering. Were trying to back into it, you have to try to figure it out. Ruined the environment of the setup right now. Whats ....
Hello im daryn joy this is counting the cost on aljazeera your weekly look at the world of business and economics this week. A battle for the heart of opec who will capitulate 1st putin all m. B. A. s as a price war decimates the market. Will the most liberal democratic nations by beijings Ai Facial Recognition Technology to control their citizens. And the lebanese lived a dream that was a delusion while lebanon was drowning in debt words of the Prime Minister of his country defaulted on its debt for the very 1st time. Well at a time when the world is dealing with the fast spreading coronavirus that has decimated supply chains induce panic buying and grounded flights the last thing it needed was 2 nations declaring economic war well saudi arabia and russia have been working together to prop up oil prices for the last 3 years but fell out of a riyadhs insiste ....
A congressional hearing in which case that will. Well break down the shake up at one of americas largest banks a lot to get here on a very busy day so lets get started. On oil lost as much as a 3rd of its value monday in its biggest drop since 1901 gold war fell to 30. 00 to 30. 00 per barrel as saudi arabia launched a price war with russia after the 2 failed to come to an agreement at its vienna meeting russia declined to agree to production cuts that have artificially kept Oil Prices Steady officially russia said it wants to wait and see what the Coronavirus Impact on demand is before agrees to cuts on officially russia is angry about u. S. Sanctions of Russian EnergyCompany Rosneft and attempts to stop the north stream to pipeline to germany by flooding ....