Were not going to get out of this Oil Conundrum easily. As ive told you many a time, you can deride it all you want, the linkage, absolutely. But you see, you cant dismiss the fact that oil is in control. And weve got a very firm pattern going here. Oil is a hardtime rally on the fundamentals because we have a dramatic glut thanks to aggressive pumping really by the saudis. The correlation with the stock market revolves around demand. Weak, its because of u. S. Demand weakening. Therefore our economy must be slowing. This linkage will not break until it breaks. See, we dont know when the market will come to its senses. The oversupply drives oil down to the 40 level. Right now its at 43. When we got to 40, you know what happens . Like clock work, the rumors begin that the saudis are going and then what happens . Crude rallies. It rebounds to the 45 to 47 range. Taking the stock market with it. Because the buyers of stocks dont seem to care how oil surges. They just assume its because of
Freezing output to give prices of those. Tata steel under investigation in britain. An internal audit showed a lapse and procedures. Follow me on twitter rishaadtv, dont forget to include trendingbusiness. China markets underway at the bottom of the hour. Singapore, taiwan, malaysia starting off. Started with dollaryen. It has been the story going back to the first of april. In fact, just a few minutes ago, we were below the 108 handle against the u. S. Dollar. Briefly above that level at the moment. Analysts if the boj will start to intervene, chances are according to most, not yet. Chance of intervention is quite low according to the bank of singapore. Level look at the average where analysts think the boj might step in, 100 dollaryen. At this level, that would mark the confirmation that the psychology around the currency has completely changed, so watch this very closely. Which brings me to the Japanese Equities session, 15,000 617 is your level here. Will the strength and the japan
Mining conditions are causing a deadly lung disease. Woodruff all that and more on tonights pbs newshour. Major funding for the pbs newshour has been provided by fathom travel. Carnival corporations small ship line. Offering seven day cruises to three cities in cuba. Exploring the culture, cuisine and Historic Sites through itsne people. More at fathom. Org. Lincoln financial committed to helping you take charge of your financial futurel and by the alfred p. Sloan foundation. Supporting science, technology, and improved Economic Performance and Financial Literacy in the 21st century. Ce supported by the rockefeller foundation. Promoting the wellbeing of humanity around the world by building resilience and inclusive economies. More at rockefellerfoundation. Org frlnc Carnegie Corporation of new york. Co supporting innovations in education, democratic engagement, and the advancement of International Peace and security. At carnegie. Org. Raaner and with the ongoing support of these instit
Go to a dusty desert where mining conditions are causing a deadly lung disease. Woodruff all that and more on tonights pbs newshour. Major funding for the pbs newshour has been provided by fathom travel. Carnival corporations small ship line. Offering seven day cruises to three cities in cuba. Exploring the culture, cuisine and Historic Sites through itsne people. More at fathom. Org. Lincoln financial committed to helping you take charge of your financial futurel and by the alfred p. Sloan foundation. Supporting science, technology, and improved Economic Performance and Financial Literacy in the 21st century. Ce supported by the rockefeller foundation. Promoting the wellbeing of humanity around the world by building resilience and inclusive economies. More at rockefellerfoundation. Org frlnc carnegie corporatn of new york. Co supporting innovations in education, democratic engagement, and the advancement of International Peace and security. At carnegie. Org. Raaner and with the ongoin
This is like the crowning jewel because it will turn what is a successful event center even more successfulto finance the 101 Million Dollar price tag. The board of directors for the Iowa Events Center Hotel Corporation planned to use a rare government program. Its called eb five. Foreign nationals who agree to invest at least 500thousanddollars in a us project, are guaranteed a green card. it gives you some certainty in your financing. but a group of us senators, that includes iowa senator Chuck Grassley has criticized the program which is currently under investigation by the department of Homeland Security and scheduled to expire friday. 14 08 4314 08 54senator grassleys office and his committees are very involved and there have been some issues as to how it has been administered and some questions. The board was program to fund up to 20percent of the hotel, which comes to about 20Million Dollars. we are going to have to seek alternative financing thats going to take some guarantees