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Something happened yesterday that has never happened before and does not even sound like it is based in reality. The contract for a barrel of West Texas Intermediate crude oil scheduled for delivery in May closed at a negative $37.63 per barrel.
Yes, you read that correctly I did not make a mistake. A barrel of oil closed at a negative $37.63 meaning that producers of oil would actually pay traders to take their full barrels off their hands.

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President Donald Trump announced what he described as a “temporary suspension of immigration into the United States.” But an executive order he is expected to sign Wednesday to implement the change would bar only those seeking permanent residency, not temporary workers.
“I will be signing my Executive Order prohibiting immigration into our Country today,” Trump tweeted Wednesday.
The president said Tuesday he would put a 60-day pause on the issuance of green cards in an effort to limit competition for jobs in a U.S. economy wrecked by the coronavirus. The order would include “certain exemptions,” he said, but he declined to outlined them, noting the order was still being crafted.

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Hundreds of Amazon warehouse staffers are staying home on Tuesday in protest of their work conditions during the coronavirus pandemic, according to labor groups.
Some 300 workers across more than 40 Amazon facilities in California, Texas, Wisconsin, Florida and New York, among other states, signed a pledge to not work on Tuesday, Zachary Lerner, a labor organizer with New York Communities for Change, one of the groups spearheading the movement, told The Post. The workers will take unpaid time off, alerting Amazon via the company’s app, Lerner added.
Amazon disputed the figures.
“Reports of employee participation in today’s event organized by labor unions are grossly exaggerated. What’s true is that masks, temperature checks, hand sanitizer, increased time off, increased pay, and more are standard across our network because we care deeply about the health and safety of our employees,” said Amazon spokesperson Rachael Lighty.
Protesting employees are demanding that Amazon, which only began providing its warehouse staffers face masks in April, close their warehouses for a thorough cleaning and give workers paid time off during the closures, among other safety protocols they say are lacking in the sprawling facilities.

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United Parcel Service (NYSE: UPS) has a new leader. The company announced on Friday that it named Carol Tome as CEO, replacing the current occupant of that office, David Abney. The change is effective June 1.
Tome is a member of the logistics-giant’s board of directors and no stranger to the functioning of large companies that are also top stocks in the market. Previously, she was CFO and executive vice president of Home Depot, holding the former post for 18 years. She’s been a UPS board member since 2003.
She’ll have her work cut out for her, as the fortunes of logistics are tied directly to the health of the economy. And the global economy is bound to be rocked from the effects of the spread of the SARS-CoV-2 coronavirus and the disease it causes, COVID-19.
Abney, who also serves as the chairman of the logistics-giant’s board, will continue as CEO until Sept. 30. At that point, he will be replaced by the lead independent board member William Johnson. Abney will vacate the position at that time but stay on until the end of this year with the company as a special consultant. He’ll then retire.

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Brown-Richardson is one of more than a dozen nurses in New York, the epicenter of the U.S. coronavirus outbreak, who detailed their experiences on the front lines in affidavits corroborating three lawsuits filed Monday against the state health department and two area hospitals. The complaints, which were lodged by New York’s largest nurses union, allege that inadequate protective equipment, among other failures, contributed to “compromising the health and safety of the nurses,” according to a news release from the union.
“These lawsuits were filed to protect our nurses, our patients and our communities from grossly inadequate and negligent protections,” Pat Kane, executive director of the New York State Nurses Association, said in the release. “We cannot allow these dangerous practices to continue.”