SQUAWK BOX, TUESDAY 21ST APRIL, 2020

A historic collapse…the price of a barrel of WTI for May turned negative, the first time ever levels have fallen below zero. U.S. President Trump has said he is considering blocking Saudi imports to build up state reserves and support the price of crude. President Trump has also moved to temporarily suspend all immigration into the U.S. to protect lives and jobs from the Coronavirus pandemic. In aviation news, the virus claims a major scalp as Virgin Australia goes into voluntary administration after failing to secure a government aid package.