‘Bloomberg Markets: The Close’ Full Show (4/21/2020)

‘Bloomberg Markets: The Close’ Full Show (4/21/2020)

00:00 SCARLET: IT IS TO WALK IN NEW. LONDONSCARLET:. I AM SCARLET FU.. ROMAINE: I AM ROMAINE BOSTICK. BIT OF RISK AVERSION CREEPING. WAYS TO STEP UP VIRUS TESTING.. GOVERNOR CUOMO SAYS RAMPING UP. MOST PALM TREE STAFF WAS SENT. HOME IN LATE MARCH AS PART OF. GLOBAL NEWS 24 HOURS A DAY ON. C.I.O. OF MORGAN STANLEY WEALTH. ALWAYS.. WE NEED TO START WITH OIL.. ROAMING DID A GREAT JOB OF. FRAMING THE PLUNGE.. GIVEN THE PLUNGE INTO NEGATIVE. PRICING FOR OIL, WHAT DOES THAT. MEAN FOR THE BROADER ECONOMY?. >> I THINK WE HAVE TO REMEMBER. THIS IS STILL, ALTHOUGH WE HAVE. ROLLED INTO THE JUNE CONTRACT,. SOMEWHAT OF A TECHNICAL ISSUE.. WE HAVE TOO MUCH SUPPLY, NO. DEMAND, AND NO STORAGE. AVAILABLE.. THAT IS WHAT IS DRIVING THIS. NEGATIVE PRICING DYNAMIC.. WE ARE GIVING THE. OIL AWAY FOR FREE AND HAVING TO. PAY SOMEONE TO FIND A WAY TO. STORE IT.. THE REALITY IS AS WE THINK ABOUT. THE ECONOMY AND WHAT THIS REALLY. DOES, ORDINARILY, OIL PRICES. CHEAP WOULD BE A HUGE BOON FOR. U.S. CONSUMERS.. BUT U.S. CONSUMERS ARE NOT. DRIVING, AIRPLANES ARE NOT. FLYING.. TRUCKERS ARE NOT OPERATING AS. MANY ROUTES AS THEY