The new serious troubles under see seattle. We begin tonight with the price of oil and gasoline, both are down way down. Oil prices now at the lowest point in five years. Prices at the pump have dropped for 102 straight days. The longest streak ever. That could be a big drain on the global economy. A freefall with no end in sight. The cost of crude now below 50 a barrel. And u. S. Energy stocks took a hit. Oil is so cheap because theres a worldwide glut. It could wreak havoc and re regeopolitical lines of power. Iraq Oil Production is at its highest point since 1980 and in the United States output levels are higher than they have been for more than 30 years. Meanwhile saudi arabia continued to cut the price of crude oil, fuelling speculation the kingdom is using pricing to wield political pressure in the region. U. S. Oil producers are cutting spending, and warned there will be layoffs. According to aaa, the National Average gas price a gallon is down to 2. 20. Thats more than a dollar
Tenyear yields above 2. Fourth quarter gdp revised down to 2. 2, above estimates road map begins with the markets, shaking off that disappointing gdp number. As we kick off the last day of february. But the big question, could today be the day we finally see nasdaq 5k . Retails in focus, earnings miss, jcpenney shares down nearly 13 in the premarket. A better report from gap puts that company in the green. Return of the mac. Shares of mcdonalds up 6 in two days. Why its shares could hit the 100 mark for the First Time Since july. But first up Fourth Quarter Economic Growth slower than the government expected. Up 2. 2 compared with previous estimate of 2. 6. The nasdaqs up 7. 6 for the month and is within 13 point of 5000. The dow rising 6. 1 . Its on track for its biggest monthly point gain ever. S p up 5. 8. You dont get numbers like this too often. No. January was gloomy people saying, gee, as january goes the rest of the year. Completely wrong. We have Conference Call talking about
Waarom Deceuninck-Quick Step niet mag meedoen aan de Ster van Bessèges sporza.be - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sporza.be Daily Mail and Mail on Sunday newspapers.