How low can all prices go crude oil drops below 30. 00 a barrel as a price war between 2. 00 of the worlds biggest producers worsens how badly will that hurt the Global Economy already suffering from the coronavirus pandemic this is inside story. Hello and welcome to the program im norrin taylor the coronavirus pandemic is triggering fears of a global recession businesses around the world a shot stock markets are suffering massive losses on top of all that an Oil Price War between 2 of the worlds biggest producers the dispute between saudi arabia and russia is already pushed the price to its lowest in 4 years brant crude dropped below 30 u. S. Dollars a barrel on monday Global Demand for oil was already low since governments imposed widespread lockdowns and airlines grounded flights because of the disease you know a cartel opec and the International Energy agency both warn that developing countries such as algeria and go and venezuela could suffer the most losing up to 85 percent of th
To its lowest in 4 years brant crude dropped below 30 us dollars a barrel on monday Global Demand for oil was already low since governments imposed widespread lock downs and airlines grounded flights because of the disease they were cartel opec and the International Energy agency both warn that developing countries such as algeria angola and venezuela could suffer the most losing up to 85 percent of the oil and gas revenue this year. Or the price war started last week when russia rejected plans by saudi arabia to cut Oil Production the kingdom and other opec countries want Higher Oil Prices following the drastic drop in demand because of a coronavirus pandemic saudi arabia responded by announcing plans to pump much more oil at hugely discounted prices last monday brant crude recorded its biggest one day price fall since the 1991 gulf war Investment Firm goldman sachs. Warns prices could fall to 20. 00 a barrel both the saudis and russians say they can survive the price crash by relying
3, but its something that we all want to get done and itll selfmade billionaire although we debated that on the show in the past, kylie con, be a tremendously big deal, this maria thats amazing, thank is something special, however, to manufacturers, farmers, you, cheryl. Quick break and then arrested again, the irs going after bankers, service people, nobody attorney michael avenatti, wait has ever seen anything like it, this is the biggest deal there is anywhere in the world by far till you hear this one, rocking and thats good, we are doing with your pets, spotify play another big one next week, this is the biggest deal anybody has list for Furry Friends and not ever seen. Maria and steve forbes one of so Furry Friends, weve got it. The big parts to this is the fact that Financial Services companies will be operating their own banks and financial as a struggling actor, Services Companies 100 wholly owned and this money that visa, i need all the breaks that i can get. At liberty butch
It was being called the christmas protest. Three big hours for you. Buckle in. Merry christmas. Varney company about to start right now. Charles huge gains for the markets this year. The calendar year, in fact, has wall street looking extraordinarily well. Want to bring in market watcher Rebecca Walser on these gains and of course, at this point in time, we always look ahead. What do you make overall of this market, considering all the negative headlines, all the negative speculation . First to have this kind of market is really remarkable. Charles, it is. Merry christmas. Im having such a great retail season high. I dont care what the retail experts, you know, were expecting. We got 3. 4 growth and Super Saturday, charles, the biggest shopping day ever. 3. 4 billion on Super Saturday. Thats what happens when you have a short Christmas Shopping season, right, from thanksgiving to christmas. Charles yeah, no doubt about it. And i got to tell you, its anecdotal but as i looked around at
The first model 3 built in china rolling off the Assembly Line and elon musk tells his employees quote, pay no attention to the stock price, unquote. Im Ashley Webster in for stuart. Varney company about to begin. Ashley lets take a look at the gains for the major averages this year. Wow, oh, wow. The nasdaq, 35 . The dow, 22 . The s p, a mere 29. 25 . Joining us now, market watcher keith fitzgerald. Fitz, for big gains for next year . What do you say . Why not . Oh, i think weve got all the right things in play. Weve got record consumer confidence, great economics, companies growing. This is a great time to be alive and be an investor. There is always a possibility of shortterm correction but you know what, even a busted clock is right twice a day. Ashley more and more of those socalled experts are calling for that correction. Ten, maybe 20 . Whats going to trigger that . Well, you know, its the same old stuff. It could be a misplaced headline, could be a misguided escomputers. They s