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Transcripts For CNBC Closing Bell 20240712

Benefited from the stay at home trend, both popped into the open both have gone lower all day long big swings and stocks are set for the second straight week of losses the s p 500 just fell through the 50 huday moving average. 59 minutes to go on a volatile day, week, and final hour of trade. The s p 500 is flat right now. Fwha but that belies the volatility that youre talking about. We have a big lineup on the show coming up, the ceo of kroger will join us on the back of the companys strong Earnings Report better than expected guidance as well plus, labor secretary Eugene Scalia will be with us to discuss the job situation in the country and the renewed push by some companies to bring workers back to the office and one brookings economist has a bold idea to get america back to work and speed up the recovery pay people to have a covid19 vaccine. But lets get straight to the market another wild session to close out a roller coaster week. Mike santoli is tracking all of the action today

Transcripts For RT Boom Bust 20240713

Sectors what told with these cuts have on the Global Economy and how are markets reacting we have a packed show today so lets dive right in. And we lead our show today with a possible reprieve in the ongoing Oil Price War between russia and saudi arabia which has sent the commodity plummeting russian president Vladimir Putin announced friday his country is ready to cut production as long as other major producers follow suit saying quote according to preliminary estimates i think that we could talk about it were duction in the volume of about 10000000. 00 Barrels Per Day a little less maybe a little more adding and i believe that when i talk about partnerships everyone including our partners understand that we can talk about a reduction from the level of production that prevailed before the crisis so far this year all prices on major. Benchmarks brant crude in west texas intermediate have been cut in half due to the crowbars pandemic and the ongoing price war. And as the number of cases

Transcripts For RT Boom Bust 20240713

Later with the drop in commerce the globe over jobs have been slashed in several sectors what toll with these cuts have on the Global Economy and how are markets reacting we have a packed show today so lets dive right in. And we lead our show today with a possible reprieve in the ongoing Oil Price War between russia and saudi arabia which has sent the commodity plummeting russian president Vladimir Putin announced friday his country is ready to cut production as long as other major producers follow suit saying quote according to preliminary estimates i think that we could talk about a reduction in the volume of about 10000000. 00 Barrels Per Day a little less maybe a little more adding and i believe that when i talk about partnerships everyone including our partners understand that we can talk about a reduction from the level of production that prevailed. Before the crisis so far this year oral prices on major benchmarks brant crude in west texas intermediate have been cut in half due

Transcripts For RT Boom Bust 20240713

Locked out just what impact are the measures having we break down some recent info from google and what we now know about how people are reacting to the shutdown and later with the drop in commerce the globe over jobs have been slashed in several sectors what toll with these cuts have on the Global Economy and how are markets reacting we have a packed show today so lets dive right in. And we lead our show today with a possible reprieve in the ongoing Oil Price War between russia and saudi arabia which has sent the commodity plummeting russian president Vladimir Putin announced friday his country is ready to cut production as long as other major producers follow suit saying quote according to preliminary estimates i think that we could talk about it were duction in the volume of about 10000000. Errols per day a little less maybe a little more adding and i believe that when i talk about partnerships everyone including our partners understands that we can talk about a reduction from the l

Transcripts For RT Boom Bust 20240713

Sectors what toll of these cuts have on the Global Economy and how are markets reacting we have a packed show today so lets dive right in. And we lead our show today with a possible reprieve in the ongoing Oil Price War between russia and saudi arabia which has sent the commodity plummeting russian president Vladimir Putin announced friday his country is ready to cut production as long as other major producers follow suit saying quote according to preliminary estimates i think that we could talk about a reduction in the volume of about 10000000. 00 Barrels Per Day a little less maybe a little more adding and i believe that when i talk about partnerships everyone including our partners understands that we can talk about a reduction from the level of production that prevailed before the crisis so far this year all prices on major benchmarks brought. Crude in west texas intermediate have been cut in half due to the crowbars pandemic and the ongoing price war. And as the number of cases of

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