If you look at it, it is more of a financial thing than an Oil Situation. Airlines stock go into descent. Problems for peugeot expecting to see the european car market shrink this year. Lse outperforms. Also reaffirming the final dividend and will complete the 37 billion refinitiv deal in the second half. President trump issues an executive order suspending all immigration into the United States to, quote, fight the invisible pandemic and to save american jobs. Well documecome to street. Lets get to the top stories of the today, which is energy markets. U. S. Crude turns negative for the First Time Ever. Siting the strain on storage looking at minus 2. 08 falling 30 , yesterday settling over minus 37 a barrel. That means producers would pay traders to take oil off their hands. Amid widespread lockdowns amid an output cut among opec have not yet taken effect uta trading around 20 a barrel. Clearly holding out much better than the may contract. Big questions remain over whether we could
Crudeng with oil, wti ps more than 100 to 1. 5 a barrel. Negative for the first time, june delivery contract, 21 a barrel. President trump says he will suspend immigration to the u. S. Over virus concerns as some states look to end the lockdown, plus u. S. Officials learned kim jongun was in Critical Condition following Cardiovascular Surgery last week. Washington is seeking clarity on the north Korean Leaders health. Just under an hour where from the start of cash equities trade. Lets look at futures after markets went negative with the plunging oil prices. You can see european futures now, down about 1. 5 to 2 . U. S. Futures, the cash trade close lower in new york yesterday so u. S. Futures are down a little less than european futures, but we are still seeing dow futures down two thirds of 1 . European equity markets on the oil price, some geopolitical news out of the korean peninsula, as well and perhaps a little focus on the data coming through. U. K. Data on joblessness coming th
Lost. Asian markets and investors dial back. But the bank of france governor hints that the ecb could act in its next meeting. We speak about Monetary Policy, we have several governing to come in the next month. And if and when needed, there must be no doubt about our determination to act and our capacity to act. New party wins a resounding victory as Prime Minister tells cnbc hes ready to deliver change. I feel if i have a strong mandate to deliver on my agenda, which is an agenda to grow the economy, to create more jobs but also to make sure that the greek people feel safe again. Hard to swallow. Shares sink after the French Food Company warns sales growth will slow in the Fourth Quarter as the caterer braces for the loss of several north american contracts. Well, good morning, everybody. Our top story today Deutsche Bank shares are trading higher after the german lender announced an overall which describes as, quote, the most fundamental transformation in decades. They will create a
In london. Whichtalk about the bhp, puts commodities very firmly in the center of things. Is the end of the route insight . How many times have i asked that question in recent months . Is this the end . 100 Day Moving Average is insight after a little rally. Taking it back up toward the 100 Day Moving Average. Some investors are suggesting that this could mean that we are that we have some more positive moves to come. Remember, futures of copper had actually rallied more than 9 from their six year low in january. Manus we seem to have passed those crisis moments. The question is, can we sustain it . We have iron ore, oil on the move as well. Boy ofe was the whipping commodities in 2015. Iron ore futures hitting a fourmonth high in china. When you have is the highcost producers in china dropping out. That story on the bloomberg. Aussie exports dropping by 10 . Subman sachs talking about 40 until 2018. Brent oil down 1. 7 . Anna just to go against the grain slightly, that one at the 1216
Neat shot from the mount vaca cam. A sunny day in most spots away from the coastline. But out at the beaches patchy fog some of that sneaking inside the bay. Temperatures starting out mild in the 50s and 60s to begin your day. This afternoon, some of the spots inland getting hot near seasonal for this time of year though. San francisco usually about 66, going to be spot on for today about 88 for a high and sunny in concord and about 91 degrees, a little hot into livermore more. Well have more on your weather in a moment. Lets check the roads with elizabeth. Thanks, lawrence. We just talked to bart. Delays still out there 10 to 15 minutes. On the pittsburgbay point pits line there is a stalledout maintenance truck in walnut creek affecting traffic on the pittsburg line towards pittsburg toward San Francisco and sfo. Muni, caltrain, ace, no delay. A quick flyover on highway 4 one of the slowest drive times now. You can see all the speed sensors, 11 Miles Per Hour, thats on westbound 4. A