Theres more room to fall if opec and plus russia doesnt actually end up coming through with those supply cuts if they dont then you could see will fall further and therefore will fall through the 50. 00 to 55. 00 area i think in the near term youre going to see a lot of traders get on short and take that lower but i think that will be short lived i think ultimately the risk is really more to the upside than the downside and so there are actually traders out there you know running supertankers and will facility space in south korea to the to the millions of barrels of oil that theyre storing on that oil will eventually rise and i believe that theyre right now sean are we still looking at a chance that chinese Oil Storage Capacity could actually run out and oil prices overshoot even more to the downside. Its possible they dont really publish their numbers officially but from what i gather theres about 400000000 barrels that theyve already got in capacity that are that used and theyve got
A w. H. O. Is launching more than 80 Clinical Trials to find a cure. And now to give us the latest on how markets are reacting we welcome back shawn hyman editor of logical investor so shawn some analysts are saying that this outlook right now is way too pessimistic and that chinas economic stimulus measures could lead to a Global Recovery especially in oil demand and theres also the hope that opec will also cut supply again by 1700000. 00 Barrels Per Day though any decision made was obviously take time to implement so where do you think this equilibrium is at and have we reached a bottom or is this still more room to fall for oil prices. Its possible that theres more room to fall if opec and plus russia doesnt actually end up coming through with those supply cuts if they dont then you could see will fall further and therefore will fall through the 50 1. 00 to 55. 00 area i think in the near term youre going to see a lot of traders get on shorts and take that lower but i think that wil
This is the one business show you cant afford and that im. Bored washington is coming to the coronavirus continues to infect several sectors of the Global Economy especially with the drop in chinese for as we break down the slope of oil and where markets go from here. The u. S. Pressure to play against while way continue to heat up as the trumpet ministration is threatening to withhold intelligence breakdown the latest in the fight for fire. And later and social media facebook c. E. O. Is on the ground in buffalo new with you what effect could this meeting have on the block new regulation we have so much to dig into i thought lets go. The ground running. U. S. Equity markets are closed today but investors are bracing for the economic fallout from the corona Virus Outbreak Goldman Sachs cut a q one while price target by 10. 00 to 53. 00 amid weakening Chinese Oil Demand as the nation is on lockdown beijing is now trying to kickstart the Economic Activities in areas outside of the who pa
Europes digital ambitions the e. U. Has just revealed its vision for the continents tech future fearing competition from abroad it wants to grow its own sector but there are concerns over just how it will protect privacy this is inside story. Hello there and welcome to the program im the stasi attain now there is a global race for Technology Leadership with the United States and china out front europe now says it wants to catch up and reinforce its position on the digital scene its leaders are concerned about the reliance on Foreign Tech Companies including microsoft apple and chua way they say they want to develop europes own tech sector now to do that theyve come up with a strategy that aims to find solutions that prioritize peoples lives the economy and an open society the e. U. Outlined its approach for days and Artificial Intelligence on wednesday the proposal seek tougher regulation of the worlds biggest tech platforms and increased spending for the tech sector but critics say mo
Test. Test. Test. Test. Test. Test. Test. Test. Test. Test. Test. Captioning performed by vitac you see how blatant their efforts were to get involved in the 2016 election. I think weve seen influence operations coming out of china, iran. I know camille will talk about this in greater detail. And we need to be honest. Its us. Were doing a lot to promote the disinformation ourselves. Sometimes were doing it at the behest or with the encouragement of foreign actors. Sometimes were doing it on our own because of various extreme views which foreign actors amplify. But its not just the adversary thats doing it. It involves our own citizens, some of whom take extreme positions and exploit these techniques and these kinds of technologies in order to propagate them. There are two things that are on the horizon that we need to think about that can even take this to the next level. One is the use of socalled Artificial Intelligence. Again, the amount of data that is out there about what people a