Conocopillps acquiring contra resources. The largest deal this year and well have conoco ceo join us this hour. The 737 max or comeback european r regulators saying it is safe to fly and planning a december return to service. Carl jim, heard you just talking to becky about stimulus as we continue to kick this around it does not sound like this new sense of urgency, quote unquote, will do much to push the package forward. We are too close to the election and either side gives then the other side. I think has them so, lets say the president gives a little bit more than i think that Speaker Pelosi will make it even tougher because the president wants to get that check to you to the least amount of money donald j. Trump wanted. I know that is something that a lot of people, wow, the president gave it to me. I think what we should be owning and trading and buying are companies that are about to go through an Earnings Period that i think is going to be rocky but overall positive and i think
Not good enough, eu leaders are set to say no breakthrough in brexit talks. Boris johnsons thursday deadline for walking away approaches. Bank earnings turned sour, jp morgan and citigroup slide despite posting betterthanexpected trading revenues. Bank of america and Goldman Sachs are among firms reporting today. Clinical complications, eli lilly becomes the latest company to pause its covid19 drug trial. We will bring you our interview with rival Johnson Johnson. One hour until the start of cash equity trading across europe. Thats look at what is going on in terms of futures. We are seeing gains and European Equity Index Futures even after live trade. An you can see ftse futures up 0. 3 , and euro stocks and dax futures little changed. In terms of u. S. Futures, you can see on s p and Dow Jones Futures slight gains, a little more on s p. Nasdaq futures up 0. 3 . Anna, you have earnings out. Anna lets get the closing details, the business talking about the year but remaining cautious o
Package. Democratic Vice President ial candidate Kamala Harris makes her Campaign Debut it is because of trumps failure to take it seriously from the start his delusional belief that he knows better than the experts. News crossing this hour on the oil mark just releasing its report and diving into the headlines of this key document Global Oil Supply rose in july after saudi arabia ended its cut. Exceeding the opec plus target and production started to recover. The opec plus cuts ease by over 2 Million Barrels this month and shut in volume compensation. Oil demand as we segue off that is expected to be 91. 9 million per day and sheer 8. 1 million per day. Reducing their 2020 forecast by 140 what we are seeing in that down grade for several months global refinery will lag behind as product inventory levels were high stocks have risen by 16. 2 Million Barrels in june and increased an average rate of 1. 7 Million Barrels per day. Crude prices remain in the range 40. 77 average, for the wti
Breaks on future higher call volumes offset by lower revenues. Helping the german telco beat expectations an insurance warns casualty claims to top the year the underlying performance, wed be talking about a strong delivery but of course, the conversation will be dominated by the impact of the virus that will have impact and growth for the remainder of the year. A down but not out. Second quarter Global Oil Demand well speak with the executive director on this show. Lets dive in to that oil report that is just crossing the latest is that all demand is set for a record fall in 2020. Probably no surprise to our viewers out there. It has trimmed the forecast for the drop citing the easing in drop down measures that has trimmed estimates by 690,000. The report that 2. 8 billion people will be living in confinement through may. Down from 4 billion in april the iea trimming its forecast and citing the ability in some European Countries and the United States. Uncertainties remain the biggest
And the estimated number of deaths we will get ism today. Adp is out several european banks are spending dividends jim, how much of this mornings action does reflect the grim picture that the white house set forth yesterday . Its difficult to imagine how, lets say, optimistic people were versus what the president said last night. I think many people in the stock market understood that the numbers were completely understated. You did leave the office saying, wow, that could be just terrible because they didnt caveat it as much as you might have thought they didnt say, all right, but were doing great in this state, this state, this state they said look, this is the reality. I think the reality rolls back some of the 19. 9 gain we had last week in the s p then whats going to roll back the rest is if we have credit problems ill defer to david. David knows behind the scene what day it is today today is the day youre supposed to pay your rent david, a lot of people wont make those payments,