u.s. equity markets are starting to wake up as oil plunges this is one business show you can't afford to miss in washington coming up it's been a wild month for oil as the $12.00 punch of the coronavirus in a price war have dropped costs to recent lows we take a broader look at the price of petro and what the future may hold plus the market volatility continues to hover around 10 year highs stocks have been swinging in the wake of the pandemic we bring you some expert analysis on international markets in

trading in these turbulent times with a packed show today so let's dive right in. and as the number of cases of corona virus 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 great. there for the next 2 weeks and during this period it's very important that every one strongly follow the guidelines have to follow the

guidelines that our great vice president holds up a lot he's 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 we're doing right now is having an effect it's 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 richt the movement of people in implementing this measures it's vital to respect the dignity and welfare of all people it's also important that governments keep their people informed about the intended duration of measures and to support for older people but if you use another 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 death 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 summer's detroit auto show has also been canceled as family uses the venue as a temporary field hospital for treating 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 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 we've

discussed on boom bust lockdowns throughout the world have caused prices to be cut in half over the last 30 days and it doesn't appear things will get any better as analysts expect global pecial demand to drop by 50 percent as the world continues to selflessly and social distance themselves which has kept them out of their gas guzzling vehicles energy consultant f g e claims demand in the u.s. could drop by $5000000.00 perils per day in april alone which would equal a drop in 5 percent in the global oil demand that's just the u.s. that's more bad news for us shell the u.s. shale industry 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 world's top oil exporter and opec's top producer. 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 we're joined by todd horowitz chief strategist at bubba trading bubble always great to have you here today we're seeing the lowest 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 we've 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 you're 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 it's $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 we're getting to a problem price point where the shorts are going to start to get a bit nervous and i think you'll start to see at worst a short covering it could take us back to 25 before key because you're about don't see it going a tremendous amount lower although i am short i'd like to see it go a lot lower but i don't 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 or. or is this going to be a continuing thing i mean i know you're saying futures are looking good in june but we really don't know how and how long any of these circumstances are going to last . 100 percent burn i can't 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 don't want to show producers they're taking away their business they don't like that the united states is the number one producer in the world of oil so i think we're 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 o'reilly speculating that it will be able 30th or may or june so we don't 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 you're right they're getting some some sort of a we could call it 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 we're having right now or is this are some of them just are going to cut it. some american to make it burlison some are very tight budgets to begin with right there already you know on a shoestring before all this happened what are always at let's say 35 so now they're probably in trouble we'll lose a few but again in a true market a true free market others will pick up the slack and there's plenty out there to go after and there's 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 don't think the failure rate is going to be happen as fast as we would think it would because again between what they're trying to for small business with some of these . loser small business so they're 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 and run employment so they're 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 let's 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 recession before all this coronavirus started i think we got some troubles here look at the end of the day here's where we are right we've got companies are going to slow down we've got nobody producing and we're not going back right to buying and shopping i mean listen you're still going to have all the

sports stadiums are going to be closed all that river not revenue that's generated everything else that creates population and people is going to be closed so we're not going to be producing there and a lot of these other stores and recent retail outlets are not going to pick up suddenly we're 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 we're a service economy you're 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 and now lastly and i've got about 45 seconds for days here economists with the fed's 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 don't think they have a clue what's going on around him anyway so i think that it could well yeah i mean i don't think it's possible but it'll all be temporary a lot of these jobs will come back and don't forget with the government small business assistance which employs half of america ok they're trying to keep these we're 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. and u.s. conglomerate johnson and johnson announced it made a $1000000000.00 deal with the u.s. government to co-found 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 we've been doing while gorski said they are pursuing the vaccine on a not for profit basis it's unclear what the customer cost may be. market volatility continues. straight ahead. movements are.

being. the ghost of christmas future. visiting the president trying to warn people what happens when you financial. me and you do. today christmas being.

you know we've all been very very naughty. thinking about what we did this is a moment when the global community. as art slights against you know whites or men for example there's their sites against women or nonwhites so it's always the idea is that statements that directed toward a privileged group are interpreted differently than a statement directed toward an oppressed group and so that's kind of the whole framework and it's it's a political framework that's used the result is of course focusing at least on

certain kinds of minor slights and saying well rather than or more than we need to call attention to them but it's not all slight so it's a very political and it's fun. and welcome back western markets are continuing their upward trend staying positive for 4 out of the last 5 trading days throughout europe indices rose 'd between a half a percent and 2 percent on monday the u.s. is very better with the dow and nasdaq and s. and p. all seeing substantial gains asian markets have not been quite as lucky with japan's nikkei the shanghai composite and hong kong's hang seng all in the red 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 co-host christie

who joins us from los angeles now 1st off kristie tell us what is happening with markets on monday. well brant it's really refreshing to see the 1st green monday in more than a month today as the u.s. equity markets extended its rally with index and surging over 3 percent so these gains were sparked by a nasa stimulus as president comes 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 chain. 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 there's a complete lack of new positive positioning in futures and options so we're 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 we're 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 hasn't since to date where the recovery will not be a sharp v. shaped bounce remote teleconference is expected to stay travel it's 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 fed's efforts have become less and less effective now defense of consumer staples such as doctoring 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 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 don't believe we've seen a bottom i do think that it will be very easy for us to see a test of the 2400 level as he says this entire rally what we've 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 position i feel like investors right now are positioned very defensively so that's why they're being very selective choosing only consumer staple utility and networking communications names those names are the only names that are getting a bit in this market as well as our mystical as that are currently working on a cure. actually pose the same question to us do you think we've seen the bottom or what are you seeing in the markets right now. for now i think we have but this is

what i been cautioning people for a long time as this thing has been going down everybody's been calling me and say hey when do we actually get in this isn't this going to be the opportunity of our lifetime to get in low and i've been cautioning saying you know this 1st blow that we find which i think we've found for now is really just going to be the balance we have significant moving averages right overhead and this is going to be causing some problems we also have previous price resistance that is over there and price congestion and i'm concerned that when we get up into those areas we're just going to get hammered again and roll back over so we need to keep this very close we need to be looking just a few days couple weeks out into the distance and say hey you know this may not be over yet as we keep dealing with the coronavirus and dealing with people who are starting to kind of pucker up a little bit and have to really retool everything now that they've been in quarantine for a month if not more you know t.j. who is actually best position to weather this downturn and who is going to get hit the most. yeah the people who are best able to weather something like this is going

to be cash on hand of course you know there we're seeing that when everything implodes you need to be able to be able to pay your workers if you can do that and be able to ride out something when you're not going to be having any revenue for for a couple months it looks like and then also companies that are basically internet based i mean we've been seeing everybody's gone over to work from home and internet and we're looking at streaming services so places that you think about mail order or think about amazon chewy and pet meds you know we're going to look at this stuff that when everybody is home well how you going to get the stuff how are we going to still keep shopping and that's where we're going to be seen some strengths now some of the weaknesses are obviously airlines i mean everybody's been talking about that and we're seeing that they're really having a hard time there talk about furloughs just travel hasn't been happening and then we're looking at things like you know air b.n. b. maybe some hotels 2 and expedia you know we're looking at stuff where people just aren't moving around right now and they're going to be suffering the consequences as far as a business goes no no no t.j. also you. and christi kind of mentioned this is that as did you companies like zoom

and things like that that are kind of like stay at home companies do you think now we're going to actually learn and if you just look at it societal e are people really going to learn like oh i can rely on amazon the way people in big cities do i can tell the work now and that might become the new normal after this whole pandemic is over. i think what we're going to do is realize that we have that in our back pocket and that we might actually be using it more but i don't think we're going to radically change what we do and suddenly not go to offices i mean i for one actually enjoy going to the office i like going around and seeing my coworkers and gives me a little extra motivation and it keeps me going it's something that i enjoy doing and you know i've been as a stock trader i was trained by myself self employed for several years and it was a little bit of a lonely sport and so i like kind of being around this and i think a lot of people enjoy what their work is and the social aspect around it and so even though we can do it and we might need to do it for certain times i think a lot of people enjoy it and we're kind of social beings and so i think we kind of

want to be around what we're doing as far as our coworkers and i agree with you i work from home for several years too and it. just moved to a new city it could be a little a little situation as well when you only see the same people and everything i very day so i totally understand that now kristie you mentioned more stimulus what could be in the 4th stimulus package that actually wasn't in the 3rd already. now there are talks about this and odds are we will need more legislation because currently we don't know the extent of the crisis in terms of the magnitude that's a moving target and that could easily arise so right now we don't know what we don't know and so we have to be ready to react to it as it becomes more clear so the need for additional action was highlighted in the unemployment report last week that spiked in recent times so a new stimulus potentially hinted being focused on health care workers and digital companies as well as needs to low and middle income americans to in order to plug up the holes in the last of us package that was very hastily cobbled together so

now the next phase of the stimulus my actually really focus on stimulus while the last stimulus of true 2 trillion dollars that one was more so focused on the stabilization of the overall economy and now kristie quickly do you think there will be a 5th and maybe even 60 minutes as we look at the. i'm to believe that it's going to be a moving target as we work to fill in whatever gaps will to me film. absolutely thank you so much t.g. watkins from simpler trading and boom bust co-host christiane thank you both for your time. thank you thank you. and finally the coronavirus toll is being felt nearly everywhere and now it's slamming the brakes on the fun yet controversial internet tradition google will for gold their yearly myriad of april fool's joke that take place across nearly every portion of their business according to an e-mail an internal e-mail that is to say obtained by business insider as internet and tech giants continue to fight misinformation regarding the virus it

seems appropriate to know why directly to users of the world's most popular search engine in past years the company has made the maps at play pac-man and given users a chance to clear their schedule playing space invaders on their calendar and they have even launched a fake translator by a google home they could translate conversation to tulips that's right tulips again these are all fake and good fun but it doesn't matter if it happens every single year in the still able to catch a few of us with their pranks and that's it for this time you can catch boom bust on demand on the brand new portable t.v. at the billboard smartphone through google play and the apple app store by searching portable t.v. or stream us to your t.v. by downloading the portable t.v. app on apple t.v. and online at portable t.v. and as always you can find our coronavirus tracker on the portable t.v. after we get the latest news and information about the spread of the virus as always you can check us out on you tube dot com slash 2 bus start to see next that .

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of all be cut cut cut cut. cut cut cut cut may. your government and our government and all the other major governments of the world know what's going to happen and when it's going to. but they haven't told you and they haven't told me they haven't announced. imagine something as big as the earth . is going to cause tidal waves earthquakes volcanoes are going to wrapped and it's going to chill. so very for a while right. my great grandfather's. nobody would care about the law or prison so you'd have lawlessness should have. a terrible life between now in the.

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themselves worlds apart. just to look for common ground. live from the world headquarters of the r.t. america in our nation's capital this is the news with rick sanchez oh we're going to her body i'm rick sanchez from kolkata to athens to islamize bod and beyond we welcome our viewers from around the world that are watching us live right now on portable t.v. the app or on your networks thank you for joining our global conversation the united states of america has once again officially changed its outlook for the coronavirus the new official date for people to still remain self isolated and practice social distancing is now.