Saudi arabia shattered all hopes that could bolster prices when he said point blank theyre just not going to happen. Oil prices had risen recently but they reverse course today settling down about 4. 5 . The downward pool on oil pushed down stocks. The Dow Jones Industrial average fell to 16,431. The nasdaq dropped 67 and the s p 500 was off 24. Bryan sullivan has more on the comments from the man who runs saudi arabias oil business. Reporter the good news, dont anticipate gasoline prices to move higher any time soon. Thats because oil is likely to stay allowlower for longer. A crowd was told today in houston that a coordinated Production Cut was not likely. Not many countries are going to deliver even if they say they will cut production. They will not deliver. Theres no sense in wasting our time seeking Production Cuts. They will not happen. Reporter that comment made hed moved the market as disappointed traders sent oil prices lower. Oil prices had moved up a bit on the talk that op
Oil prices lower today. Saudi arabia shattered all hopes that could bolster prices when he said point blank theyre just not going to happen. Oil prices had risen recently but they reverse course today settling down about 4. 5 . The downward pool on oil pushed down stocks. The Dow Jones Industrial average fell to 16,431. The nasdaq dropped 67 and the s p 500 was off 24. Bryan sullivan has more on the comments from the man who runs saudi arabias oil business. Reporter the good news, dont anticipate gasoline prices to move higher any time soon. Thats because oil is likely to stay allowlower for longer. A crowd was told today in houston that a coordinated Production Cut was not likely. Not many countries are going to deliver even if they say they will cut production. They will not deliver. Theres no sense in wasting our time seeking Production Cuts. They will not happen. Reporter that comment made hed moved the market as disappointed traders sent oil prices lower. Oil prices had moved up a
Oil prices lower today. Saudi arabia shattered all hopes that could bolster prices when he said point blank theyre just not going to happen. Oil prices had risen recently but they reverse course today settling down about 4. 5 . The downward pool on oil pushed down stocks. The Dow Jones Industrial average fell to 16,431. The nasdaq dropped 67 and the s p 500 was off 24. Bryan sullivan has more on the comments from the man who runs saudi arabias oil business. Reporter the good news, dont anticipate gasoline prices to move higher any time soon. Thats because oil is likely to stay allowlower for longer. A crowd was told today in houston that a coordinated Production Cut was not likely. Not many countries are going to deliver even if they say they will cut production. They will not deliver. Theres no sense in wasting our time seeking Production Cuts. They will not happen. Reporter that comment made hed moved the market as disappointed traders sent oil prices lower. Oil prices had moved up a
Defendant Eddie Ray Routh guilty. The jurys decision capping off an emotional day. At one point the widow of chris kyle stormed out of the courtroom. Nbcs jay gray with more from stephenville texas. Reporter the decision came quickly, 2 1 2 hours after it began. Routh watched quietly as the jury was polled. Their decision june announce and then stood as he was sentenced to life in prison without par role for the murder of american sniper chris kyle and his friend chad littlefield. Many including members of the jury were openly weeping do you recall an emotional victims impact statement from littlefields father don immediately following the verdict, which ended with him staring staring directly at routh. You said you didnt know chads name when you brutally murdered him. You will have the rest of your waefted life each and every day to remember his name. Let me remind you, his name is chad littlefield and he slowly spelled it outlet ter by letter. Littlefields mother wimd away tears as s
Now to the state of the u. S. Economy. Janet yellin getting grilled by lawmakers up on capitol hill. Stocks seem to like what they heard. Investors in stocks. Stocks have no mind in and of themselves. Its the investors who move it. But the investors like what they heard initially. Our senior economic reporter Steve Liesman has the details. Hi, steve. Tyler, thank you. Fed chair janet yellin giving no hint at the first feds first rate hike in nine years is imminent or that its not coming. The only definitive statement on the outlook for Monetary Policy is that it depends on the Economic Data and as long as that word patient is in the statement, there wont be a rite rate hike for at least two meetings. The fomcs assessment that it can be patient beginning to normalize policy means that the Committee Considers it unlikely that Economic Conditions will warrant an increase in the target range for the federal funds rate for at least the next couple of fomc meetings. As tyler said the fixed i