but we have other areas that are bigger frankly that we could fill up. at those prices we should be pumping it out. maybe you guys could check and see what you could do. i don't think anyone can reject it. maybe you will work on that. >> absolutely. pres. trump: are you guys ok? >> the department of the interior manages a large part of land. one of the things we have done the last 15 days to slow the spread, we have really got inspectors on the front lines working to make sure production that is taking place is occurring in a safe and responsible manner and thank you to everyone for their cooperation. these jobs are so important to the american people and it is important we make sure that [indiscernible] pres. trump: the biggest landowner in the country. interior. the interior has got a lot of land. great job you are doing. >> mr. president, thank you for your leadership. i serve the president of the secretary of energy. notwithstanding the desire of the congress to give us money -- we have announced alternative financing mechanisms -- pres. trump: i fig

fill it up. fill up the tank. >> you guys have been so great, this is not your meeting but bob has the best trade deals in the country and one of them loans on april 1 with china and i hope they are buying a lot. i hope. >> i'm a question mr. president. >> he just wants to make deals that is all. and you've done a great job. thank you very much. we will have a news conference at about 5:00 o'clock, 515 maybe and we will see you in a little while to answer questions. this is a great group of leaders and we have to make sure that we are preserved and make greater our energy industry and i want to thank all of the senators and congressmen and the boss here for being here and working so hard. i will tell you what, they are calling me constantly, they want your industry to be successful and they will make it that way per we will all make it that way. i will see you at 5:00 o'clock, same place and we look forward to it. thank you very much. [inaudible conversations] >> would anybody like to be tested.

storage and filling up, all the rest of the united states is filling up. storage offshore in bltcs is filling up people are handling that it will happen over time whether it's enough or not depends all on what happens to covid. do we come out of covid in a few weeks and everybody is driving again and demand kicks back in are we going to be living with this for a while in case this situation is going to continue to get worse >> okay, rusty, what goes on with the industry? what happens -- we have all these oil and gas companies. we had phenomenal success. does it all go kerphlewy what occurs? >> you're going to have a number of producers that are going to be shutting in their production rather than producing at these levels for the most part, as we understand it, you can shut in a crude oil well, typical shale well and not do any damage to the reservoir. you can kind of think of it like if i don't produce the oil that could come out of our well today, i'm kind of leaving it into storage so to the extent that it makes financial sense to do that, i think you'r

politicians according to time has to be turned around with domestic oil storage expected to be filled up soon and there are reports that the kingdom is exploring whether those tankers kind now be sent if washington does ban the $100.00 s. this ripple. a flotilla of saudi oil tankers is slowly steaming toward the united states and into a chilly welcome for a u.s. ally it's indicative of how desperate these petro states are to sell their oil to find a place physically to find a place to place their oil with the coronavirus driving all prices to historic lows all u.s. oil storage is expected to be filled in the next month the saudi move to occupy much of that precious storage space on the u.s. gulf coast has been called by some industry insiders an economic pearl harbor a hostile attack on u.s. soil a coalition of 13 u.s. senators from energy state goes even further calling it economic warfare texas senator ted cruz writes on twitter 20 tankers filled with 40000000 barrels of saudi oil are headed to the u.s. this is 7 times the typical monthly flow my message to the saudis turn the tankers

ft's got a piece about warehouse space for apparel, which is filling up almost as fast as warehouse space for oil on tachker tach tankers around the world good tuesday morning welcome to "squawk on the street." i'm carl quintanilla with jim cramer, sara eisen, david faber live from separate locations jim will stick around as we talk to 3m's mike roman in a few minutes. let's get consumer confidence with rick santelli

have agreed to fill up their storage anyone with capacity is filling up i live in the country side i have heating oil for our main heating source that's what we have to do. i was paying on average around $50 to $55 pence per liter i just paid 24 p if i had more storage, i would but i like the idea of a garden rather than a storage source the thing i will say, there is the ultimate storage, we all know what that is, don't get it out of the ground. leave it in the ground longer. that's what is going to happen, storage will fill up >> that's a good point taking you to what we are seeing in the markets here in new york. we bounced off some of the lows a short time ago we are still trading very weak in the session if you look at the dax down 1.7% 1.6 down for the french market those chances for the uk market and italian stocks it is a weak session investors believe we'll suffer the biggest down turn since the great depression the u.s. bank season kicks off it is around the provisioning that could hit the sector down the track with small or media sized businesses, consumers. that picture i

we are going to have that filled up pretty soon. it will be filled for the first time in a long time and we are doing it at a very, very low cost. it is good. it will come back when the virus is gone. they lost 40% of their market because of the virus, in all fairness to even the producers and the countries. they lost 40% of the market because people are not driving automobiles. they are not doing anything. so all of a sudden, they are not flying airplanes. the airline business is essentially shut down. ,nd this is all over the world not here. this is in virtually every country. i probably say, as you know, i have been talking about on hundred 84 countries and it is probably more than that now. a friend of mine -- a very sophisticated friend of mine said i never knew that you had 184 countries, and we actually have more than that. 184 countries that we know of have been affected by this. so the oil business lost 40% to 50% of their market. and that was -- who would've seen a thing like that coming? as soon as this comes back, the ene

government is planning to fill up its own reserves. i think we have 75000000000 gallons right now capacity that's a lot it's we've been building it up over a period but that's all about 75000000000 barrels. so we're going to get either ask for permission to buy it or we'll store it one way or the other it will be full but what is most needed is a return in demand brought by restart to the u.s. economy then the oil that continues to be pumped unbroken pace can actually have enough places to go so let's bring in our wall street correspondent in score say hey and so the market is awash in oil what does this mean for consumers and i think you're going to say when you get free phillips at the gas station. well actually i thought about calling my oil company and offering them that they can. fill up my tanks full for you but i think that's not going to happen and also with gas stations you will see pressure on the price of gas actually it is already ready happening so yes the consumers to a certain degree it will feel some impact but i do not

we need to get things to fill up our brain so we stop thinking about the virus. kat: the situation is different across the country so i think it's great where things are starting to open, not just for those people, but if they are conducting business in one area of the country helps the country as a whole country. gives us things to talk about. i'm in new york city right by a hospital. so i'm in the heart of wuhan where i live. i don't think i will be able to leave my apartment anytime soon. but i hate seeing people writing things off. concerns about the economy. the only people who write that off are people who are so rich and the elite of society that they never need to worry about it. greg: are you concerned the world health organization will claclamp down on the wet markets like they did after the sars outbreak? mike: i'm an expert on wet markets. i don't have much to say about wet markets. but you know what i do have a lot to say about. is it it's too much, is it too much? i'm sorry. i don't know how that --dash it's on the science show and it's on thursday

even a political consensus, all of the structure, the facilities, storage may fill up and there may note -- enough capacity to store the additional oil. that might push prices even to negative, which we saw in the u.s. oil used mostly had already gone to negative prices. even when the market is so worried about political producers,the opec you might start to see storch fill up and there is no more place for additional production. so that has an impact on the production. taylor: i'm wondering if the increase in output is what you would call it a war on u.s. shale. how long does u.s. shale responded, how long do they have to survive? well, i don't like the concept of war. what i would like to call it is a struggle for survival. that we hadhe time a significant demand drop because of the coronavirus outbreak, most of the world is on lockdown. we have major airlines like emirates, airlines have suspended most of their flights. is in thebal demand transportation sector, and when the coronavirus was just a china issue, most of the institutions drop their demand estimates down about one millio

fill it up, right? fill up the tank. okay, you've been so great, some of the best trade deals ever done in our country. one of them was actually kicked on april 1st, that's with china, i hope they are buying a lot, i hope. >> out asking a question, mr. president. the trade deals are working, we are on track. >> president trump: he just wants to make deals, that's all. we've done a great job. thank you very much. we will have a news conference at about 5:00, 5:15 may be. we will see you in a little while, we will answer questions, this is a great group of leaders. we've got to make sure that we preserve and even making greater our energy industry. i want to thank all of the senators and congress man, the boss here for being here and working so hard. i will tell you what they are calling me constantly, they want you or industry to be successful. they're going to make it that way. we are all going to make it that way. i will see you at 5:00, same place, we look forward to it. thank you. thank you. would anybody like to be t

region off to brazil the government has begun storing bodies in refrigerated contain as as morgues fill up ecuador has nearly 600 confirmed deaths and hospitals in peru are increasingly strained off the cases past 20000 that's double the number of last week bodies have been kept in hospital hallways and health workers say they've been forced to reuse mosques but the decline in the number of infections i've seen some schools reopening and rural areas if you close for months attendance will not be made when day 3. venezuela says that robust testing and tougher measures have led to one of the lowest rates of coronavirus in the world having just over 300 cases in a country of 29000000 people but some doctors warn the numbers are being drastically under reported stories about the reports. they see more of a sales food on the streets of kut yeah i working class neighborhood in caracas the ongoing economic crisis and the lock down are having a big impact in her life. but i think i mean there are some real only working 3 hours a day i understand they are doing it to protect our health but i am a s

and once that bus fills up, the driver will skip pick ups and only do drop offs. the changes will likely cause delays and so be prepared. >>> golden gate transit will also be limiting the number of passengers on its buses and ferries. the same system will be in place once the bus or ferry fills up, it will only be doing drop-offs. back to you. >> ken, thanks. >>> now to a story that shows you how we are better together. a special tribute to those on the front lines of the coronavirus fight. kpix 5 kiet do shows us the special thank you to some south bay health care workers. >>> quite a scene here at valley medical center during the shift change this morning. we are used to calling police and firefighters heroes, but today those men and women in uniform are doing the same for hospital staff on the front lines. it was suppose to be just another wednesday morning at vmc, but here we are, a witness to the power of the simple thank you. >> this is awesome. i don't know. i appreciate them. >> reporter: police and fire came from all over the south bay. campbell, gilroy,

when we fill up storage progressively, we will need more expensive sources of storage.ll up jeep storage first and -- cheap storage first and then storage costs start to rise. floating oil tankers used to store oil, and as we pump out more oil we will need more storage offshore. it is likely tanker rates will go up. the cost of storage gets higher and higher. quite a technical discussion about the forward curve. storage, the cost of needs to fall to lower and two hedge forward -- lower and lower to hedge forward. that is how you get to these very low stock prices. tom: that was a clinic in the dynamics of oil. that was out sending. let's carry it forward. if we get storage up to our eyeballs in oil, why don't people just stop producing this stuff? martin: ultimately we will need to get to that situation, but it is of course very frustrating when you have invested billions of dollars in terms of capital expenditure in oilfield development some time ago, and , to stop are producing producing you will not cover the capital expenditures in the past. production cost, there i

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it will be filling up customers vehicles in the parking lot of a target in san mateo. it will deploy its gas station on wheels, a mini tanker that will park in one spot and offer fill-ups at prices comparable to traditional gas stations. service will be available for all customers, and does not require a membership. >>> a bay area school lunch provider has now begun a contactless drive-through grocery store in san jose. choice lunch teamed up with roma bakery to provide fresh meals by offering a socially distancing way to pick up food. >> what we realized is that we had access to fresh product, eggs, dairy, produce, meats, and a lot of things that were stocked out at the time. my only brother couldn't believe that we could get eggs. >> they have now been able to her back some of their former employees. >>> coming up, how a group of theater costume designers are joining the fight against the coronavirus. >>> plus with some grocery staples hard to come by, this farm encouraging residents to go straight to the source. >>> coming up, all new at 6:00, ttle boy caught in the

i haven't filled up a gas tank in two months now. only open up by sector , if we open up just for construction, we still got the lockdown and shelter-in-place, there's only that small uptick in demand. so hospitality and leisure and travel being at the far end of it, you will see most people in the united states still sheltered in place. if that occurs, we are not going to see that snapback. you need to look at other sectors. vonnie: thank you so much for your time today. phil streible there of blue line futures. it is time for our daily update on the coronavirus pandemic. let's get to viviana hurtado. ritika: -- viviana: total confirmed global cases topping the 2 million mark within the last hour. leaders are trying to balance when to lift restrictions, but carefully, to contain the spread of the virus. in new york city, it baby -- it may be "normal" by september. germany set to extend curbs even as cases fell. spain reports a daily death toll decline. showing upimpact is in measures of the economy. in the u.s. in march, industrial

if we actually fill up the storage where there is no place to sell the product, you will actually seeal market thees being well below quoted market prices. that makes it even worse for producers where they cannot make the profit at these levels. that is where we are right now. after we get people back to work and start to resume appropriate consumption, some of this excess will take several months to work off and into next year. and then he will get to a more balanced market. right now we have an extraordinarily imbalanced market. that takes into account the recent deal between saudi arabia and opec-plus. it was not enough to overcome the huge amount of data oversupply we have right now. david: there is a limit to what the fed can do to address that. it this time for fiscal intervention through bailout or now we have reports the government is thinking about paying to keep the oil in the ground. to things like that make sense? pres. kaplan: i will leave it to the fiscal authorities to make those decisions good the point of it is we are getting to the point where there is nowhere for th

let's fill up the strategic petroleum reserve.ge jeanine: russia was claiming they hadn't even spoken to saudi arabia in the beginning of all of this. i'll tell you, mr. secretary, as we go through this pandemic, it's interesting how we realize how interwoven we are in terms of the other nations. whether it's china on our need to be independent of them, or opec and the whole lot of them. but we certainly have a president who recognizes america first as the answer to a lot of our problems. thanks so much for joining us tonight, energy secretary dan brouillette. the group samaritan's purse doing its part to help the pandemic by setting up hospital tents in central park. there will be parties again soon, and family gatherings. there will be parades and sporting events and concerts. to help our communities when they come back together, respond to the 2020 census now. spend a few minutes online today to impact the next 10 years of healthcare, infrastructure and education. go to 2020census.gov and respond today to make america's tomorro

let's fill up the strategic petroleum reserve.udge jeanine: russia was claiming they hadn't even spoken to saudi arabia in the beginning of all of this. i'll tell you, mr. secretary, as we go through this pandemic, it's interesting how we realize how interwoven we are in terms of the other nations. whether it's china on our need to be independent of them, or opec and the whole lot of them. but we certainly have a president who recognizes america first as the answer to a lot of our problems. thanks so much for joining us tonight, energy secretary dan brouillette. the group samaritan's purse doing its part to help the pandemic by setting up hospital tents in central park. nowadays you do more from home than ever before. the xfinity my account app puts you in control with digital tools to give you the help you need when you need it. get fast and easy answers with personalized help 24 hours a day, 7 days a week. change your wifi password to a phrase that's easy to remember. even troubleshoot your services on your own. we're working to

politicians are calling for them to be turned around and with domestic oil storage expected to be filled up soon as an oversupply of oil and load a month due to the corona virus outbreak muslims around the world the beginning to mark the 1st day of the fasting month of ramadan the country's facing lockdown restrictions because of the break many communal practices are being done in seclusion but in pakistan that are fears infections could rise rapidly joining ramadan the government's decided to keep mosques open and people gathering to pray must follow social distancing measures come all has more from islam about the world health organization had already warned that if bogged down did not dig the negativity action. did a good go over 200000 by made going to have a big challenge for the government which after now keep a close watch because the doctor they have been warning that it is going to board them address get it green drove a burden an already infiltration lead equipped medicated them their doctor cared for their own lie god would be warning that they're going to gauge their brain injur

these grim images out of barcelona, showing dozens of empty coffins filling up a parking garage. officials in the uk pleading with citizens to stay indoors. the government expects the peak of the pandemic around easter. more than 700 people died today alone. prime minister boris johnson announcing he is remaining in isolation more than a week after testing positive. tonight, johnson's pregnant partner carrie symonds announcing she too is experiencing symptoms, saying, i've spent the past week in bed. adding, i haven't needed to be tested and after seven days of rest, i feel stronger and i'm on the mend. and tomorrow evening, the queen will deliver a rare address to the nation, saying she hopes that those that come after us will say that the britons of this generation were as strong as any. tom? >> julia mcfarland from london tonight. julia, thank you. >>> back here at home and the around the clock search for a treatment. patients who recovered willing to donate blood plasma that could help others, but some say they're running into roadblocks. here's kaylee hartung. >> reporter: t

my pickup truck for $20.00 an hour 25 dollars you know it used to be $50.00 to $75.00 to fill up and so there are a lot of good things about traveling now but i urge people not to do it because the bad outweighs the good if you go out there and travel and you get sick you're going to be more worse off doing math than travel only if you're half to right now i know the governor of minnesota waltzers just extended hours we're now to may 4th stuck in our houses you know it's interesting just to talk about that camaraderie and you know i get this kind of real sense and looking at how you know washington d.c. and wall street are responding to this virus and then how every day folks across the country can say mainstream responding there's a virus you know what differences do you see that give you hope in terms of how us common u.s. citizens are trying to beat this and trying to. ahead of this. it shows them becoming active it shows them participating it shows them you know being vigilant i see it on the end of my show be vigilant people we need to be vigilant now more than ever this is

let's fill up the strategic petroleum reserve.udge jeanine: russia was claiming they hadn't even spoken to saudi arabia in the beginning of all of this. i'll tell you, mr. secretary, as we go through this pandemic, it's interesting how we realize how interwoven we are in terms of the other nations. whether it's china on our need to be independent of them, or opec and the whole lot of them. but we certainly have a president who recognizes america first as the answer to a lot of our problems. thanks so much for joining us tonight, energy secretary dan brouillette. the group samaritan's purse doing its part to help the pandemic by setting up hospital tents in central park. [♪] judge jeanine: many across this country are pitching in to help in the coronavirus pandemic. and in new york the hardest hit, the demand for help is great. franklin graham of the christian group samaritan's purse joins me to talk about that and more. thank you for being here tonight. i know that you are set up in central park in new york city with tents that ar

it's filling up fast. arry trade if you can find some storage with the contango close to $20 for the next five months. that is a nice piece of change to pick up. but no one has storage right now, and the people who are long crude, anybody who is long crude, they can't get stuck with it, so we are at an expiration squeeze, basically. alix: typically, how long does this kind of squeeze last? we've not seen this ever. this is a record we have seen in terms of dislocation. but tomorrow, are we up by seven or eight bucks, or is this a different story? dan: into thousand eight, demand went way down in the front months and collapsed, and that pattern really continues along until you get some steadiness in the oil market, which right now doesn't look like it is going to happen anytime soon. we've got 30 million barrels surplus that still comes into the market despite a 10 million barrel cut that opec+ and the united states kicked in. it really doesn't help the supply situation right now. this is something that is g

decisive style, by the way, his style in talking to him is entirely different from clinton who also fills up the room controversially. conversationally. but clinton is just full of wandering digressions and musing. and burns the clock up on you. and bush is directly to the point, key point, boom, boom, boom -- next. that was very much the pattern when we actually talked to him in '04. but here you are, a few years later, and you know why. >> let me ask a question of all of you, but i wonder, there's certain presidents of whom the public perception forms that there must be somebody in their administration or somebody in their white house who's really making things happen. that perception doesn't arise for all presidents. for example, it arose for george w. bush. for perception, cheney or rose, somebody's pulling the strings. president trump, steve bannon. nobody ever said that about barack obama. nobody ever said that about bill clinton. is it a partisan thing. is it the press tends to think republicans aren't smart enough to do it on their own and democrats aren't smart enough. how do you ex

out would get it for the right price capacity though both online and see in the united states is filling up since march stockpiles in some locations have risen by 50 percent in some places the price of fuel is now at a 10 year low demand is down to 0 certainty when states will reopen and all this comes as a severe blow to president donald trump is going to great lengths to protect the oil sector working with both russia and opec to reduce production now the entire global industry is an unknown president in crisis the historic deal to slash production by millions of barrels a day involved saudi arabia russia and other oil producing nations but experts say another global effort is needed we're probably. down a 1000000 for a normal 10000000 barrels down to about 9 that probably needs to come down some more but all the other oil producing countries need to do the same until the the economy recovers the plunging price is a driven by trading deadlines oil is traded on its future price contracts are due to expire on tuesday why is it virtually nonexistent some traders are now paying to get rid of

at a level that's very interesting to a lot of people we're filling up our national petroleum reserves through dziedzic you know the strategic reserves and we're looking to put as much as 75000000000 barrels into the reserves themselves that would top it out it would be 1st time in a long time it's been topped out with good for the right price and brant crude to the international benchmark for oil prices was also down dropping to just over $25.00 a barrel all of this is sending shock waves throughout the stock markets the dow jones closed down 2.4 percent wiping out some of the gains from recent weeks asian markets are also down and in the morning trading well and the hoff is a senior research scholar at columbia university and a former chief oil analyst at the international energy agency he thinks the recent deal by major oil producing nations to record production costs well take time to show results. no production cut could have. the collapse and demand it takes time to cut production 10000000 is a big target is a very ambitious move is to biggest cut in opec history and with the lar

because the world has more crude that it could use and storage facilities and even ocean tankers are filling up oil is traded on future contracts and fears of not finding a place to put oil in may means nobody wants crude that's led to a severe drop for west texas intermediate a benchmark for u.s. oil that are national benchmark for oil brant crude also went down to its lowest in 18 years so let's have a look at how events reached this point the demand for oil has dropped by 30 percent since travel restrictions were imposed back 3 shot and people stayed home to stop the spread of covert 19 while producing nations mainly saudi arabia and russia kept pumping throughout march and into this month. if sense agreed to cut production by almost $10000000.00 barrels but that was still less than the decline in consumption saudi oil tankers heading to the us threaten to worsen over supply problems for american producers donald trump says his administration will look at blocking them. downplay the a store drop in oil prices as a short term problem and said the u.s. could buy barrels to top up the nation's

about a backlog of crude has locked down remains in place it's mainly storage facilities that are filling up. and you're up to date a quick reminder that you can get news and features around the clock on our website www dot com and on the at and twitter at the i'll be back at the top of the hour with more years joins me if you can thanks for your company. combating the corona pandemic. where does research stand. what are scientists learning. background information and news of. our corona update. from the coded 19 special next on d w.

storage tanks are filling up rapidly. not getting completely adhered to, that is going to be problematic. todd: where is the oil going to go is the question. right now, the containers are filling up quickly. the cost to hold them and not sell them is obviously going to be a pain on any producer's balance sheet. at this point, how can we get through this? there's a lot of hope being priced into this meeting, and i think that what we have seen previously from production cuts, with maybe the saudis and the russians not seeing eye to i, you bring the u.s. in on that as well, you've really got your hands full. but given the pandemic and the stresses on the global economy, they have no choice but to work together. so my optimism is higher than it would be under normal circumstances. guy: just quickly, i am seeing this dow jones headline coming from reporting there. opec+ needs a deal between pressure to cut 2 million barrels a day and saudi by 4 million barrels a day. does that 6 million barrels a day get you -- i am wondering

we are also filling up our national strategic reserves. and we are filling up like never before. we are, prickly, getting very good prices, okay? as we should. good prices. we are filling up the reserve, 75 million barrels. we are going to have that filled it pretty soon. it'll be filled for the first time in a long time. and were doing it at a very low cost. that's good. now, it'll come back when the virus is gone. they lost 40% of the market because of the virus. in all fairness to even the producers, and the countries. they lost 40% of their market, because people aren't driving automobiles, they're not doing anything. all of the sudden they're not flying in airplanes, the airline business was essentially shut down. so, all of this massive amount of fuel -- and this is all over the world, this isn't here. it's in virtually every country. i probably say -- as you know, i've been talking about 184 countries. probably more than that now. 184. a very sophisticated friend of mine said, "i never knew you had 184 countries." we have more than that. but 184 countries that we know of h

and that is key, is filling up quickly. okay from the sources that i have talked to, sort of, whatsapp, texted with all day long, here's a couple of things that we can talk about a deal is likely to be 10 to 15 million barrels. that could be close. now, that's a huge gap, kelly. i get it, because we don't know how much 10 to 15 is opec plus or if that includes brazil, canada, norway, as well. and here's one major thing, opec would like assurances, according to my sources that the u.s. will cut. now, we don't have a national producer we can't just say we'll cut. the closest thing we've got that guy coming up that can quota it. opec is worried just because companies say they're going to cut, kelly, doesn't mean they're bound to it. but here's what my source tells me remember, if exxon or chevron comes out and says we're cutting capital spending, that's a -- they have a fiduciary responsibility to abide by that or come back and change their viewpoint. so we might not have an opec, but we have an s.e.c. and that can do the lega

we are going to have that filled up pretty soon. it will be filled for the first time in a long time and we are .oing it at a low cost it will come back when the virus is going. they lost 40% of their market because of the virus. in all fairness to the producers of the countries. they lost 40% of their market because people are not driving automobiles or flying in airplanes. the airline industry was essentially shut down. all of this massive amount of fuel. this is all over the world. virtually every country. i have been talking about 184 countries. probably more than that now. a very sophisticated friend of mine said -- i never knew you had 184 countries. we actually have more than that. 184 countries that we know of has been effect -- have been affected by this. the oil industry has lost 40% or 50% of their market. ?ho could have seen that coming as soon as this comes back, the energy business will come back strong. the energy business is important to me. we are going to build this up. this really hurt the energy business as much

fact unknown k -- a known everyone will be filling up.y not and it should be, it is prudent to fill up and create as much storage as possible. i hear based on supply at the moment, global storage is going to be sold basically by the end of may. taylor: mike mcglone. getting a quick check on the markets, futures reversing a little bit of the gains we had seen thursday. you can see going to call it unchanged for the most part. you have japan futures opening forjust a technical liberal meh.-- level four term, futures are opening higher in sydney, getting optimism that we had in the new york session thursday. new zealand is up .6%, certainly getting extra bullishness. talking about exxon mobil which lost its aaa status now chevron being reaffirmed as aa by moody's. still a lot of movement in the broader market. more next. this is bloomberg. ♪ taylor: you are watching daybreak: australia. the coronavirus has hit an unwanted milestone, global infections have topped one million after it was first reported in wuhan. succumbed to have covid-19 whi

politicians are calling for them to be turned around the domestic oil storage expected to be filled up soon. there's been criticism of u.s. president donald trump suggesting people inject u.v. or disinfectants into themselves to treat coronavirus made the comments at a briefing after u.s. officials said the virus appears to weaken more quickly when exposed to heat. supposing we hit the body with a tremendous whether it's ultraviolet or just very powerful light and i think you said that has him a check that you're going to test it and then i said supposing you brought the light inside the body you can which you can do either through the skin or. in some other way and i think you said you going to test that sounds interesting right and then i see the disinfectant but knocks it out in a minute one minute and is there a way we can do something like that. by injection. or almost a cleaning because you see it gets in the lungs and it does a tremendous number of so be interesting to check that so that you can have to use medical doctors with well though to oscar out in as the chip program off