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Transcripts For BLOOMBERG Charlie Rose 20240622

The lowest weve seen in 16 years. Brent crude below 45 a barrel. It is making headlines. Is it a rout or crisis . Remarkable hashtags. Mortgage meltdown and a great fall of china. Of us know what you think the stories. We will start with a look at commodities area shares, commodities, and the bloomberg commodities index the lowest since 1999. Lets head over to sydney. Paul allen with what is going on. What is bad for commodities is bad for australia, isnt it . Paul pretty much. It is a commodity currency. We are seeing data being hammered. Miners, rio tinto back in positive territory. The hp bhp is down a little. A fewe are seeing are savvy investors looking at this as a buying opportunity. The picture for commodities is a great one. A glut and growing glut. The bloomberg commodities index at a 22 year low. This is all thanks to china, the Worlds Largest consumer of grains and metals. No surprise, a slide. Copper, for example, supply exceeds demand by 151,000 tons. A glut in oil with i

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