Comes at a time when demand for crude was already low some are calling this the ultimate perfect storm how this all ends is anyones guess. Crosschecking crude carnage im joined by my guess was me in beirut hes a professor of economics and International Affairs in irvine we have pai and he is an independent economic and geo political analyst as well as a former commodities trader and in toronto we Cross Alexandre Bruno he is an analyst at gulf state analytics sorry gentlemen crosslike rules in effect that means you can jump in anytime you want and i always appreciate pilot may go to you 1st in irvine because you got up early as for this program here all right it all happened quite quickly and a lot of analysts werent too surprised by the deal that the russians and the saudis had collapsed there were the russians didnt go along with what the saudis wanted to do. And the saudis reacted and now we have carnage on the oil markets here what is saudi arabias gambit here because you know in th
Trumpet in this race for the United States has. Used various terms in order to describe israel the west bank and the gaza strip you can. Look it up throughout the years it has changed so one headlines the coronavirus story and Everything Else to talk about at r. T. Dot com pictures and features there for you or a very social media check if you get a minute its midnight 31 here in moscow my name is kevin owen thank you for watching our channel we are r. T. International. Hello and welcome to cross talk where all things are considered im Peter Lavelle with the coronavirus now officially declared a pandemic the world faces the additional burden of an Oil Market Collapse this comes at a time when demand for crude was already low some are calling this the ultimate perfect storm how this all ends is anyones guess. Crude carnage im joined by my guest was me in beirut hes a professor of economics and International Affairs in irvine we have pai and he is an independent economic and political an
Ago. S p down by 151. And the nasdaq would open down by about 435 points this is limit down, they cant trade lower than this. Declines at 5 across the board. If this holds at the open, heres what you can expect in terms of the nyse Circuit Breakers that kick in. If the s p 500 dropped by 7 during the course of normal trading, trading halts for 15 minutes to have a cooloff period if it falls by 13 , it halts for another 15 minute period if it falls by 20 trading halts for the remainder of the day since these were implemented many years ago, weve never seen the levels tested. If youre watching the treasury market this morning, the ten year, almost impossible to believe watching how quickly things have fallen the ten year is yielding 0. 487 . Its been less than a week since it fell below a 1 yield and we have seen it collapse. Thats a bounce from earlier. So much of this has been keying off to whats taking place to crude prices over the weekend. Well explain what happened but you dont see
Shares boosts as iphone shares surge. The Ukraine Airlines flight that crashed outside tehran was likely shot down by an Iranian Missile, as intelligence from the u. S. , uk and canada suggests the tragedy could have been unintentional. Good morning, everybody, and welcome to this edition of street signs. We made it to the end of the week and what a week it was, starting off with huge concerns that seem to have shifted into the back seats in the last 24 hours. We had record highs yet again for wall street, all of the majors making fresh closes also some of the sub sectors as well, the tech industrials, discretionary and health care all hitting fresh record highs in the u. S the Communications Services has seen its highest close since 2001 so the market has shut off a lot of the concern that we saw earlier on in the week as for european markets, you can see its fairly split, a bit of a mix, 50 50 on the map as were seeing right now but overall, the stock is trading above the flat line,
Political relief rally banks are in focus this morning. This is bank of america calls citigroup its pick of the decade. The ceo of ulta will join us at post 9 this hour. Well begin with stocks on track to open at record highs. Also adding to positive sentiment, china confirming the vice premier will head to washington next week for the signing of that phase one trade agreement with the United States jim, its going to be busy next week between that and the kickoff of corporate earnings. It sure seems like everybody believes everything is going to be good. A sheer mention of the banks is really underestimated. There are so many people saying buy these. Why does that matter thats who kicks off earnings season already the expectations are pretty high. They better deliver after this run. And thats what these upgrades are mostly all about. I mean specifically on the banks. Goldman getting not one upgrade but two today out of buckingham and b of a, as b of a or it goes from 270 to 245 what ne