Oil producers are nervous since the break-even price for many wells in U.S. shale fields is about $45. So far, though, energy executives in West Texas report that they have made no major changes to drilling activities because of the coronavirus outbreak and its economic fallout. Officials also say they have experienced no disruptions in supplies of materials and equipment.
CBS shuts down ‘The Amazing Race.’
CBS said on Friday that the studio has shut down the 33rd season of the competition reality show “The Amazing Race” because of concerns over the spread of coronavirus.
The new season, which started production Feb. 22, had filmed three episodes in England and Scotland. When Italy, Austria and other parts of Europe started reporting cases of the virus, the producers decided to shut it down. No new start date has been determined.
“At this time, no racers or anyone on the production team traveling with them have contracted the virus, or shown symptoms, and we are not aware of anyone being exposed to it,” a CBS spokesman said in a statement.
The shutdown coincided with growing fears about international production and distribution in the entertainment business. Paramount Pictures’ “Mission Impossible VII” halted a planned three-week shoot in Venice earlier this week. The studio is already grappling with its inability to open its domestic hit “Sonic the Hedgehog” in China, after the country closed its theaters last month. The animated film was scheduled to open in the country on Friday.
Universal Pictures canceled its Asian press tour for the new James Bond movie, “No Time to Die,” but the film is still scheduled to open worldwide April 10.
Apple’s Tim Cook is more upbeat about China.
Tim Cook, chief executive of Apple, sounded a more positive note than many.
“It feels to me that China is getting the coronavirus under control. You look at the numbers coming down day by day by day, so I’m very optimistic there,” he told Fox Business on Thursday.
Article source: https://www.nytimes.com/2020/02/28/business/stock-market-today-coronavirus.html
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