That welcome just gone 3 oclock in the afternoon here in moscow you will see international now World Oil Stocks are taking a heavy hit following the true producing countries to agree to production cuts as demand for oil falls saudi arabia has now said it will increase output so thats done a lot to the price of oil today its damaged it significantly dont courses here to talk more just tell us about the latest state of the markets well andy the markets are going way down since mondays opening asias markets have seriously plunged to european and american futures are in freefall and oil prices have seen their sharpest drop since the 1st gulf war in 1901 so its not exactly a good situation sure and its all been sort of painted on an argument between saudi arabia and russia just expand on that yeah exactly basically it started with i mean a price wars. The raging right now between saudi arabia and russia started over the weekend when riyadh which runs the Worlds Largest oil company cut the p
Im already at number three its great to be here. When i first heard the president use the term witchhunt in that tweet like he used fake news the election was rigged that i spent my life that they recoil but now you have borrowed this phrase for your book. Why . Its very telling what people tend to forget about a witchhunt there are no real witches. But this overwhelming irrational desire is what propels a witchhunt and thats what happened here theoretically smart people convince themselves the president committed the most obnoxious crime there is a treasonous conspiracy with Vladimir Putin to steal the 2016 election. When it was based not on a shred of credible evidence in the book explains now we know through testimony of those involved they never had any plausible evidence to launch that investigation and nine months later when the special counsel is appointe appointed, they still had no evidence in the appointment itself violated the regulations authorizing the appointment and i ex
machine, according to their report. and the 2020report. four gop field got even bigger. both former vice president miker pence and the very unpopular former new jerseyt governor chris christie. i think he left office with about a 14 percent approval rating in his case, ra. have now entered the race. we have full analysis of all this straight ahead tonight. but we begin with this foth w news alert. sources have now confirmed te to fox, the doj special counsel investigating former president trump s handlingg fo f classified documents has now convened a second grand jury, this one not in d.c.fl, but in b south florida. e samethat would be the same dia where mar-a-lago is and based on what we are hearing, the special counsel is now poised to wrap uiseded tp that . and there are many reports thatb charges could, in fact,e be imminent. at the very same time, we are learning that in an indictment against hunter, biden could also be forthcoming. but don t expect expect hunter s
Funded entities that are on the periphery are worth another half a billion to a trillion so theres a lot of cash out there theres a lot of cash out there and then i want to turn to this headline about those same sort of millennial is now pouring in to the stock market its a tweet amazing retail trading activity is going parabolic explains a lot this is a chart showing trading activity at retail focused brokerages is skyrocketing the gray line on the top is the s. And p. Five hundred but look at that blue line thats going parabolic even more than the market and thats each trade t. Ameritrade and as a percentage of the New York Stock Exchange trade as you see those are all the young kids those are moneyless especially retail the dumb money pouring into the stock market at all time highs and you know well you know markets go to a sort of interesting to see how this generation deals with the correction and we could easily see a fifty percent correction in markets across the board and the.
That the Trump Administration getting close to that final list. As we are looking at the major averages, we have seen them tick up a little bit in the past hour or so. We had been seeing a mixed picture and now all three major averages are at records. Seeing fairly tight ranges in terms of the trading ranges for them, so a pretty typical playbook. Andumer discretionary staple stocks are leading gains in the s p 500. On the downside we have the Solid Waste Management companies. Analyst Michael Hoffman downgrading his rating on the sector. He says there are headwinds from and plummeting prices for recycled paper, so that is weighing on the companies in the sector. Waste management and advanced Disposal Services are examples. The best performer on the s p 500 is mylan, shares are soaring after the company got fda approval for the first generic copies of the best selling multiple sclerosis job drug. Teva andig seller for brought in sales of about 3. 6 billion. Mylan will have exclusivity f