Down 1. 6 yesterday, off of session lows. The dow industrials down 650 650 points, that was 2 and a quarter percent lower at 4 00 on wall street. Investors rattled over no progress on stimulus and a rise in covid cases. Its a big day for earnings, dow components merck, 3m. Caterpillar all reporting quarterly numbers this morning. We will get a snapshot of the airlines when jetblue reports and a look at big pharma when pfizer reports. The road to the white house, we hit the one week to go mark, americans are headed th to the polls in seven short days. President trump and joe biden begin the final push before election day. Stimulus negotiations losing momentum, time is running out for lawmakers to make a deal before november 3rd. House Speaker Nancy Pelosi says she remains opt my particular over talks optimistic over talks. Congressman tom reed told me yesterday if we dont have a deal by election day, we may not have one until february. Todays the day, my new book, the cost, trump, china
Road, maybe that is actually not the case. Rolling overs as well. Maybe that is oil. It could just be a sentiment feeling, as well as any sort of Political Risk because of kim jonguns health uncertainty. Lets get to todays market moving news from our team in new york, as well as washington. We want to begin with this meltdown in the oil market. Wti futures plunging below zero for the first time in history yesterday as many storage tanks reached capacity. Brent for delivery in june pushing to the lowest levels since 2002. Annmarie hordern has more. Annmarie what we are really watching today is the number of contracts for wti and brent. Yesterday, the big question was is this just a big technical anomaly. I think what you are seeing today is that this is more widespread. What is showing is what traders have been saying for quite some time. Thething i want to bring up point is the june contract, trading at 16. 69. That is a contract that is not expiring. In 18dropping the most years. You
Air bases in iraq the price of gold in the japanese yen also rose on the news as investors sought safe havens amid the growing tension in the middle east reports of the attacks and speculation about a possible u. S. Retaliation also said shares across asia down in early trading although they have made some recoveries sense. Lets go to our financial correspondent now in frankfurt chelsea to lanie chelsea how seriously are markets taking these attacks. Theres been a bit of whiplash this morning across Global Markets the initial reaction to this news was a pretty dramatic spike downward for Global Equities and a big jump in oil oil was up about 5 percent at the end and then point out of this news that investors have really been reassessing the risk over the past several hours and thats due in part to some tweets that worse than overnight from from President Trump where he said all its good all is well and theyre going to do more reassessments but at this point it doesnt appear that there
To a system whose only objective is to course confessions security please without regard to the truth. I have come to learn that my unimaginable ordeal over the past 14 months is the result of a handful of unscrupulous vindictive individuals at nissan. And walk ins law firm with over the Tokyo Prosecutor Office lets go straight to buy. A really from a by route studio is standing by will you watch that press conference what impression did you get from callers going that. In fact im at the press syndicate where the press conference taking place right next to me on my left the press conference taking place right now so its all the years. Its. Like no hugging this press conference its just right now. Obvious that you want to say that although his own story and according to my sources from. Me but hes also hes. But hes also that if they told me that could be true. That one of the major amendments to your speech so im going to do that they want it to fit in this press conference even though
To a system whose only objective is to course confessions secure guilty pleas without regard to the truth. I have come to learn that my unimaginable ordeal over the past 14 months is the result of a handful of unscrupulous vindictive individuals at nissan. And walk into law firm with the support of the Tokyo Prosecutor Office lets go straight to buy. A really from a by route studio is standing by will you watch that press conference what impression did you get from callers going that. In fact im at the press syndicate where the press conference taking place right next to me on my left the press conference taking place right now so its all the years. Its. Like no hugging this press conference its just right now. Its obvious that you want to say it all his own story and according to my sources from some. Of the but hes also hes. Legitimacy or. You but hes also that if they told me that i could be. There one of the major amendments to the debate yes president and they discussed this issue