Down about 32 points. Nasdaq down as well as about 16. 5 points off. The s p would open down about six points. Lets take a look at whats happening in the european markets after this explosion. Youre also seeing red arrows across the board. Pretty much in sync. A quick check of the oil boards before we get to steve sedgwick, whos following the story for us. Wti crude at 41. 53. Steve is in london right now. Were going to go to steve on this story. Steve . Yeah, thanks very much indeed, andrew. Weve got a map here of the brussels city center. The first attacks we saw after 8 00 local time, 7 00 london time this morning, and there were multiple concerns it was a wide attack. We heard it was up to four explosions in the departure hull of the airport. About an hour later, we heard the rail infrastructure, the metro was being targeted. Down at a station called maelbeek. Thats very important, because thats the station that looks after the eu institutions. You have a whole host of eu buildings
Government institutions but is connected and responsive to the every day concerns of our people. Theres no doubt that how a united europe works together can be improved. But look around the world at authoritarian governments and those that are ruled by fear and oppression. And there is no doubt that democracy is the most just and effective form of government ever created. [ applause ] and when i talk about democracy, i dont just mean elections. Because there are a number of countries where people get 70 , 80 of the vote but they control all the media. And the judiciary and Civil Society organizations and you have to be registered and are intimidated. I mean real democracy, the source we see here in europe and in the United States. So we have to be individuvigilae pillars of democracy. Not just elections but the rule of law as fair elections, a free press, vibrant Civil Societies where citizens can work for change. And we should be suspicious of those who claim to have interests of euro
French president hollande has said. He says there are many injured, dozens killed. Hes mobilized all forces to neutralize the terrorists calling in the army. He has called an extraordinary Cabinet Meeting at midnight french time. He also says we know where the terrorists criminals are coming from. He did not elaborate on that yet. He says that we must show compassion and solidarity, unity and cool heads. He says terrorists want to scare us. France is ready to defend itself. We also know, kelly, as we have been telling you that one of these incidents took place just north of france at a stadium. Initial reports had said that mcdonalds was the site of one of those explosions. We can now confirm that mcdonalds was not not the site of the attack. Mcdonalds said two of our restaurants are temporarily closed as local Law Enforcement officials have cordoned off the area. So now at this point, we do not know what the site of those explosions were. But we have it from mcdonalds that it was not
I thought it might he boring day. Its not, is it . China is the biggest unknown. In. Et to the stocks tom ian bremmer is coming up with us. Francine heres vonnie. Vonnie good morning. The big crisis between saudi arabia and iran. The settings have cut the automatic relations with iran. They have ordered the iranian ambassadors to leave within 48 hours. Demonstrators protesting the saudi execution of a prominent shiite. Rockedhquake has northern india it had a 67 magnitude it struck a remote area. It may take a while to get through the damage. Fighting is broken up again at an airbase in northern india. The attackers a been described as terrorists. Four of them have dan killed in the gunman crossed over the border from pakistan. Armed Antigovernment Group is occupying the building on a federal wildlife refuge in oregon. It will stay in the building for my takes. They are supporting a rancher and his son who were sent to the prison for arson on federal land. President obama plans to carr
The new wave of job cuts. American oil giant Conoco Phillips lost a billion in the same. Here is why u. S. Crude settled at the 31. 72. Prices dipped into the 20s, thats a far cry from the 100 plus that oil traded at in mid 2014. And the downward spiral takes a toll on global stock market in asia and america. And that caused angst at the World Economic forum. In davos switzerland, that brings together leaders, executives and others from the global elite. They meet to change ideas and solutions. I sat with some of the big wigs in davos, including sir richard branson, the british typhoon, and he offered a different take on the mayhem of falling oil prices. Have a listen. I cannot understand why the stock markets are panicking over low oil prices. Many companies will be affected and Oil Producing countries will be affected. For the vast majority of people in the world. Theyll benefit from low oil prices. For the vast majority of companies, theyll benefit from low prices and it could be th