if going to the uae is one way of doing that, i think we should definitely consider it.d return next month behind closed doors with a maximum of 12 runners per race. the proposals allow only seniorjockeys to race in an attempt to reduce the risk of injury and put little demand on the nhs. plans would need government backing with the sports' leaders hopeful royal ascot will take place injune along with the first two classics of the season, the 1,000 and 2,000 guineas. the damage will really be done to the sport if there is no racing. if we can get our clients courses onto the race, with a chance of winning prize money at the general public is something to bet on —— has something to bet on and watch, keep the stables employed and keep the horses there, then we will be ok. luton town have got rid of their manager graeme jones and his first team coaches in order to save money. luton are six points off safety in the championship with nine games still to be played. but with no football, the club have moved now to reduce its cost base. they say they aren't looking for anyone to

too intense after heavy shellings. -- theter uae coalition saudi uae coalition did this. they told al jazeera they have not agreed to it. >> we can use our missile systems and the drones. they will continue to target their notes or installations and industrial sites. it is nothing but a continuation of war. they are just manipulative words. they must enter the seas or the war will continue. >> the defense minister said on twitter that the kingdom has taken response ability to bring stability to the region. that theysts believe are looking for a way out of and extent of war they cannot win. the u.n. special envoy to yemen has called for all parties to urgently cease fighting and make progress toward peace. than 100,000 people have been killed in yemen since the conflict began five years ago. the u.n. hopes a temporary cease-fire could be extended. they are respected to hold a video conference to discuss helping ground, air and naval attacks. are sufferingople from displacement from their homes and disease. hope they can prevent another dangerous disease from entering the c

here in the uae, one of the first countries decided to close schools in the region. was seen as quite drastic. this was seven weeks ago. but it was very important to limit the cases. they have been very proactive in testing. the uae approach, we're going to get this under control if we test rigorously and take very stringent measures about having people outdoors. decisions to keep people at home came quite early. working from home was started in about mid—march. towards late march, people were working at home except from essential workers. in brief, it sounds like a relative success story compared to other places in the world? absolutely. bahrain has been testing and telling everyone they can get free medication. in the uae, if you do get covid—i9, you can get free medication regardless of your income. they have drive—through testing, they were among the first in the region who started the drive—through testing. and the close relationship with south korea, china, learning about what they did there and learning from it. lyse, let's talk about the lebanese refugee camp

the uae is coming at about a million.elieve kuwait has made also an announcement they're coming down by half a million more than what they were doing >> that was part of the interview there, it was a long interview, by the way, it should be up already, if it's not, it will be up momentarily >> in the interview, one of the things i asked him, when i asked him directly, i said, do you believe that -- what is happening is the saudi's going directly after and trying to destroy the united states shale market, in our interview today, he reiterated his position that that is not the case if you do remember or don't. back in december, in vienna aus tree yarks at the opec meeting, i asked him that same question directly about saudis opec and u.s. shale >> what is the fate of the u.s. shale sector >> we like them, and we would welcome them to come if we could -- i knowby law we would not. we were talking about good friday in an irish way it's also a good friday for all our friends in oklahoma and texas and those who are producing. w

well, could we see county matches take place in the uae?s one of the lowest death rates in the world and has offered to hold matches in abu dhabi. obviously, there's a significant cost to ship 18 counties to one location and to play a tournament out that way. but if that's the only option, and i would say that the abu dhabi option will probably only be looked at if there is no possibility of playing in this country, then you've got to be creative. an interesting proposition to follow cricket. england women's manager phil neville says there is "plenty to work on" after confirming he'll leave the role at the end of his contract, that's nextjuly. it hasn't been decided if neville will still take charge of team gb at the olympic games. that was due to be before the women's euros in 2021, but both have been put back a year due to covid—19. the fa said they wanted the same coach to lead england at the euros and 2023 world cup. investment banker gary hoffman is the new chairman of the premier league. hoffman has held positions with northern rock,

you have the other gulf countries, kuwait and the uae, that is good for probably another million barrelay cut. export theggling to same way the saudis and russia's -- russian czar, they will make russians,l cuts -- they will make incremental cuts. need to balance the market given the demand hit we are taking? if we get that, is it enough and how much space is left in the storage tanks? edward: there are two elements, how much do they cut now and what happens in the third quarter? they are looking at cuts to start in may going through june and july. that is too late in that we at a minimum see refinery demand for 60 millionby around barrels a day for the quarter as nowole and probably quite in the midst of this inventory process, down 8 billion met -- eight million barrels. the system does not allow for more than 8 million barrels a ,ay of putting oil into storage so probably still with the 10 million barrel a day cut, it will be a significant squeeze on what the cost of storage is. we already see it in the forward curve. if you look at the price of brent today versus a month later, that

like saudiduced, arabia and the uae will be in better shape.an extended double whammy with lesson revenue from oil and at the same time having to deal with a public health crisis. see instability in some producers. i would keep my eye on algeria. going into this, they have had some massive leadership crises. be having to already difficulty dealing with both crises at the same time. iran itself, not a major exporter but an important producer over the years with probably much higher rates than is being reported. this will affect production as well. brenda, love to talk to you all day. we will have to leave it here. we appreciate you taking time to be with us today. of course, a fellow at the atlantic council's global energy center. this is bloomberg. ♪ scarlet: let's get you wake check of the latest -- acorn check of the latest is this flash update. staying at home because of the coronavirus may help some drivers in the u.s.. allstate insurance is returning some money to drivers. allstate says personal driving customers will get back 15% of month

to give the trump administration great credit for recognizing that and reaching agreements with the uaear last year to draw attention to it and stop it or , at least freezing where it's at. david: are they doing anything about it? what is going to happen? ed: i think they absolutely are being responsive to the administration. today in the persian gulf, there are 30 airplanes a day that fly between the persian gulf and the united states, not one of them is a u.s. airline. they are all by the middle eastern airlines. if there was a fair playing field, which is what the open sky agreements require, there is no question that the u.s. airlines would be operating, but we can't, because those fares are subsidized, and the costs are paid for by the government. david: the air traffic control system some people say that it , was invented in the 1950's and 1960's and they have not modernized much. is it really out of date? ed: that's true. absolutely. david: what are you doing about that? what can you do? ed: it is absolutely safe, but unfortunately, it is radar based. many cars have better gps th

and then to travel the world stealing highly valued birds of prey to sell them to enthusiast in the uae where falcons and raptors are used for sport. but the other central character is the detective for the wildlife crime unit to specialize in ornithological crime and was determined. the book is a thrilling fast-paced chronicle. it is more than just a detective story in a world of characters because of the status symbol on the planet or nature is increasingly imperiled. please join me to welcome joshua hammer. [applause] >> what a great detailed introduction. thank you. this will always be my favorite bookstore and then you. thanks for coming out tonight. and over the course of doing this particular talk three or four times is to present a narrative without giving away the entire book that you have not seen the book. and how i stumbled into this. but the bad ass librarians came out in 2016. that is a story i had followed for many years. and made a couple trips to molly and bali and timbuktu and over the years i continued to visit and i got some assignments to write about the manuscripts

is relationship with the uae interesting.s gone from highs to lows ishighs, now i think there more proximity but there are also differences. although they are loving cousins, they have differences predominantly about the geopolitics of the region, the role of a ron -- the role of iran and the situation in yemen. francine: what does this mean for the price of oil? brent could go to 10. i don't see it going that low unless we begin to see a lot of fundamentals coming out, the likelihood over the next few weeks. athink that could be possibility for oil at 10. that is bad news for oil-producing countries. , stayohn sfakianakis safe. i appreciate it. with chatteris is house in london. now, viviana hurtado. >> new york state is looking at may 15 to begin reopening. governor cuomo saying many construction could resume. this before moving south to the new york city area. state reported 367 coronavirus deaths, the lowest in almost a month. president trump called his health hence human services secretary and told him his job is safe. m

uae is also coming about a million and i believe kuwait has made another announcement that they are coming down by about half a million more than what they were doing. >> more from prince's extensive first interview on the oil cuts, you can head to cnbc.com >>> reacting to the news of those record production cuts, it is a mixed bag bp falling back and shell reversing. gains in the likes of other energy stocks. let's get to ole hansen. i want to talk to you about some tweets you suggest that they had overplayed their hand? >> translato >> caller: i think they all did. no one could expect to see the dramatic slump we have seen after falling to the u.s. and europe russia was getting up to pass on the market share clearly saudi arabia didn't either they potentially dropped down to the target area around 40 where we are not seeing this major slump. yesterday, they were caught off guard. this strong reaction was needed with an attempt to provide us. >> what we've been debating over asset classes in the duration risk if we cut so much on the production and the snap back and shortage we hear there

they are hitting the streets as the uae slowly reopens itself for business.ith some malls and restaurants taking customers again albeit with tight restrictions around social distancing. incredible there. >>> half a century after breaking up, the beatles managed to bring together over 70,000 people virtually. we'll show you how they did it back in a moment. rely on the experts at 1800petmeds for the same medications as the vet, but up to 30 percent less with fast free shipping. visit petmeds.com today. >>> welcome back everyone. in belgium, a surplus of potatoes because of the pandemic might mean more fritz or you might call them fries, of course. every person in the country has been asked to eat an extra portion of fries each week by the association of potato producers. belgium faces a surplus of 750,000 ton of potatoes with shops and restaurants closed because of the virus. >>> well, 50 years after breaking up, the beatles are still bringing people together even during a global pandemic. ♪ ♪ all you need is love ♪ all you need is love ♪ love ♪ love is all yo

sam is in the uae. you stick a long swab up your nose. why has this been so difficult to roll out in places like america? and more importantly, how can it be ramped up quickly? >> okay. so there's two parts to this. the swab up the nose needs to be -- >> not the nose, beyond there. >> it's the back of your nasal cavity really. which is not as pleasant as it sounds. it's actually quite unpleasant. the second problem is that you need something to test the sample in. until the last week we've had to ship all those samples, analyze them in a big batch, get the results back to the people and there's a delay in that. now that we have all of these machines approved by the fda so we can decentralize the testing, we need to implement these as fast as possible. so we need the trained nurses out there, the right personal protective equipment, taking the samples carefully and accurately. we need the right kind of equipment on the road to implement that testing. in the u.k. unfortunately. it does not help with quick response and implementation of the

but we have the key producers like saudi arabia and russia and uae pushing additional barrels into the market and causing that tub to overflow. we're building these huge inventories. we actually do need to get a cut to bring down inventories. even if demand starts to come back, we'll have to work off those inventories to get prices sustainably higher >> just how low, before we let you go, just how low could we see world benchmark crude prices go and intermediate fall before we could see a bottoming out process really start to take hold >> we want to watch what happens on thursday. not only do we have this big meeting but the saudis will set their official selling price their decision to slash their osps in march was a big signal that a price war was commencing. if they slash those osps on thursday because we don't get an agreement, we continue with this price war, we could certainly drop into the teens. >> helima croft with the dire outlook there given the possible opec virtual meetings thursday. >>> apple steps up the fight to help the coronavirus -- or fight against the coronavirus.

saudi arabia, uae, kuwait, other gulf producers also depend on oil, more so than russia, and they areurting as well. they have ability to borrow and tie themselves over, so they have flexibility russia doesn't. but it's not just these countries. look at alberta in canada. alberta is suffering agrgrievou. the province there depends on revenues and so forth. better to be a country like the united states where although we're a net oil exporter now, recently became one, we'll see how long we remain one, our economy is much more diversified. better to be diversified when it comes to the oil market. >> are there going to be more cuts going forward? >> i think there are going to have to be. voluntary or not, the demand collapse is much bigger. this will tie us over for a few weeks, but later this some, voluntarily or not, we think we'll have more production cuts. >> thanks for breaking it down for us. thanks so much. >> you're welcome. thank you. >>> hospitals in new york city working at full capacity due to the coronavirus. when we come back, we go behind the scenes of one in brooklyn to se

now we are in this dangerous moment we see with china, we see with saudi arabia, uae and other countriesthat aren't democracy. they are using tech tools to reimpose control and in very, you know, repressive ways they try to squelch and debate and that's bad. i don't see right now the u.s. with any meaningful serious role in the case of iran and i hope he disagrees with me at this point. i think there's so much wrong about the nonpolicy of donald trump and who knows what he just said at 11:00 o'clock, at the top, but when the protests started again in iran early last year i think all we really saw was op-ed and rhetorical approach of this administration to talk about freedom of the iranian people but i didn't see any -- maybe there were different moves but no serious move to talk about how do we help iranians help themselves to protect themselves and -- and have sort of vpn, you are probably more adept in understanding the technology here but have the space for the people to communicate with each other in iran, those who aren't in favor of the current regime. again, talking about military

the uae is also coming by about a million and i believe kuwait made also another announcement of comingown by about half a million more than what they were doing. >> so, kelly, saying there's a lot of math there. 12.5 million from opec plus, from the highest pruroduction numbers and added later on in the interview thought the g20 with the united states, of course, bank nations, brazil, america, canada could do more than 3.7 they're semi-promising. he thought we could get to 18 million or 19 million barrels a day when all is said and done. >> wow the president continues to say he thinks it is more like 20 what do you think that's based on if we are at 12.5 from the highs according to saudi but do all eyes turn to texas now? to the american producers? >> they do and i asked him about the president's tweets by the way in the interview, i said can we get to 20? he didn't want to correct or not correct president trump but he said, listen, if we go 12.5 million for opec plus, 3.7 million for g20, that i do a few million more through natural declines, maybe the texas railroad quota, they could

traveled the world stealing highly valued eggs and birds of prey and selling them to enthusiasts in the uae where falcons and other raptors are used for sport. the other central character in josh's story is the detective from britain's national wildlife crime unit named andy mcwilliam who specializes in ornithological crime solving and was determined to catch lendrum. the book is a thrilling, fast-paced chronicle but more than that and it's more than just a detective story set in a rarefied world filled with unusual characters and astounding birds. it is, as one reviewer noted, cautionary tale about how the love of nature can go very wrong and what happens when precious wildlife becomes a status symbol on a planet when nature is increasingly imperiled. ladies and gentlemen, please join me in welcoming joshua hammer. [applause] >> great detailed introduction. duam humbled. my favorite, i think this is always be my favorite bookstore and my favorite venue to talk about these things. so, thanks everybody for coming out tonight. i'm amazed that anyone goes to book events at all. it's always imp

they need the revenues it's not just them, it's uae, kuwait, you name it. they have high social costs, right? so they're going to need to do something. what's amazing to me, tyler, is that we're talking about a 10 million barrel a day cut and the price of oil is under $26. i know you've been doing this a long time, buddy if we talk about a 1 million barrel a day cut, that used to move the price of oil. the u.s., of course, going to roll over, probably 1.5 to 2 million barrels a day through the end of the year, by natural attrition, cutting capital spending costs, et cetera. and by the way, you mentioned the commute, okay. you know i drive that jeep wrangler, gets about 3 gallons to the mile. so i haven't been to a gas station either here's an amazing story. what's called the rack rate of gas. if you went to mathisen gas station and were to buy gasoline, you can get gasoline on the wholesale level right now in parts of the upper midwest for a dime a gallon. >> wow >> ten cents a gallon. >> wow >> they're selling gas -- retail gasoline in parts of wisconsin i

asks it -- saying the company should asks it —— ask its rich owners and stakeholders to help like the uaey, job losses. it employs about 10,000 people directly in australia, especially in the state of queensland but another big concern is that qantas, its bigger rival, could have a near monopoly without it and of course, there are some domestic flights that only virgin australia blue as well is quite troubling times for notjust those who work for the company but also passengers as well. good to see you, thank you. of brompton is a british maker of folding bicycles with worldwide sales. since the start of the coronavirus pandemic, however, it has seen its revenues tumble. so what is its strategy for staying in shape? brompton's chief executive, will butler—adams, explains. the first thing is, protect cash. cash, cash, cash. not worried about profitability, just protect cash. we caught the first signs of something going fun injanuary when obviously this it china because we have some of our supply chain coming in from china. we have some of our supply chain coming infrom china. we thought we

and it has been slashing its prices, but even as it cuts pushing other, countries like kuwait, the uaeh pricesraq to sl even more. despite the cuts, the price were continues. and then you have the storage, right? storage inventories are on the rise and there is no where to store it, crude. the question is where the upside can come? it will have to depend on when big the lockdown and in which countries, and that remains the big unknown, but clearly there is no appetite at this stage. matt: a couple of weeks ago, president trump was saying he wanted to buy another 365 million barrels for the , theegic petroleum reserve u.s. reserve. yesterday, he could have made $14 billion doing that. why wasn't anybody snapping these contract up at -$40 a barrel. surely there is some storage left, or is it just more complex than i understand finding the place to put light, sweet crude? alia: i don't know much about the technicals of the storage, but obviously, i think there is i think theat and geography of storage is that you have less in the u.s. and more storage capacity in europe and elsewhere in t

now we're in this dangerous moment we see with china, we see with saudi arabia, uae and other countriesthat are not democracies. they're using these tech tools to reimpose control. in very repressive ways to try to squelch dissent and debate, and that's bad. i don't see right now the u.s. playing any meaningful serious role in all of this including in the test case of iran. michael, i hope he disagrees with me. i think they're so much that is wrong about the non-policy of donald trump and he knows what he just said at 11:00 at the top, but when the protests started again in iran early last year, i think all we really saw was an op-ed at a rhetorical approach of this a station to talk about freedom of the iranian people by didn't see -- maybe there were different moves is no serious mood to talk about how to help iranians help themselves to protect themselves and have sort of vpn and others -- you are probably more adept at penn state the technology but have space for people to communicate with one another in their van, those who were not in favor of the commission. talking about militar

now we're in this dangerous moment with china and saudi arabia, uae and other countries that are democracies they are using the tools to reimpose control and in very repressive ways. they tried to squelch dissent and debate and that's that. i don't see right now the us playing any meaningful serious role in all of this including in the test case of aaron and michael, i hope he disagrees with me on this point there's a much is wrong about the non-policy of donald trump and who knows what he said at 11:00 at the top. but when the protests started again in iran earlylast year , i think all we really thought was an op-ed and a political rhetorical approach of this administration to talk about the freedom of the ringing people but i didn't see any, and maybe there were different movements but there was no serious move to talk about how we help arrange themselves to protect themselves and have sort of vpn and others. you're probably more attempt at understanding the technology but have a space for people to communicatewith each other . in iran , those who are in favor of the current regime and tal

coming down by b about half a million more than what they were doing >> so guys, what he's saying is the uae, kuwaitys and saudis are going to cut more based on their april higher production levels still the market didn't think it was enough and we are down yet again. same old story for oil >> we'll have to see how long this cut holds as well if it doesn't have the effect of pushing up prices, one would think the incentive to stick to it will fall as the time goes op, but thanks so much for that. crude down 1.3%. broader markets down more than that as we stand with 51 minutes left after the break, germany logging more than 120,000 coronavirus cases so far but it's managed to keep the death toll relatively low. we'll speak with germany's minister of health about when and how that country may be able to consider reopening its economy. back in a couple of minutes. (soft music) - [female vo] restaurants are facing a crisis. and they're counting on your takeout and delivery orders to make it through. grubhub. together we can help save the restaurants we love. woi felt completely helpless.hed onli

looking up, emirates has a flight where they take your temperature and this and that you can go through uae, and i'm thinking this is ridiculous. where is the five ads about the flight to madrid they're all gone there's like no ads for flights. frontier, which went belly up, they had, what, a 1 cent round trip to california thing i mean, i'm not kidding. if you look at the ads, if you want to try to go somewhere, forget it. that whole industry is on hold, full stop. >> it is on hold and to your point, ual this morning saying for may, they're going to cut 90% of their flights, carl. i think i saw that properly. 90%. i mean, hard to imagine, but a lot fewer planes will be in the air for quite some time. and the question of the bailout already yesterday, fast forwarding to the fall, you guys had, of course, doug parker on yesterday. but you know, will there have to be another bailout for the airlines come the fall how quickly can things rebound when you have cut 90% of your flights? >> i have a group of young people -- i said to our mad money team yesterday, let's go to california. they looked

a spokesman for the prime minister of the uae says the donation was because of the deep and long—lastinguction, or r rate, of infection, as our medical correspondent fergus walsh explains. the number of people, on average, that each infected person goes on to infect. now, if it‘s over one, then you have increasing infection. it will increase exponentially. if you can get it down to below one, then eventually, an outbreak will die out. now, at the start, about a month ago, it was probably up to somewhere between three and four, which was a hugely increasing epidemic. it now is probably down to below one. now, we‘ve got a graph that can help illustrate this. you can see on 12 march, self—isolation was brought in for those with symptoms. it was an r rate of somewhere between nearly four there. and then when the lockdown happened, 24 march, all the social distancing measures, the virus wasn‘t able to transmit between people as effectively because we were all keeping our distance. and you can see it fell off a cliff there in terms of the r number. it‘s now down maybe about 0.7. i should say,