And today Morgan Stanley said oil prices could plunge even further to 20 a barrel if the dollar continues to strengthen. And thats something capitals john kilduff said was possible about a year ago on nightly Business Report. Were in the beginning part of the price zone right now that hurts production in a big way and starts to reverberate through the economy, the manufacturing economy especially. It will be particularly painful if we do break the 40 level and then if we do break the 33 level, which is my low price target and we go down into the 20s. Then its going to be a real bleak situation. And john kilduff Founding Partner with again capital is back. Hes wearing his lucky shirt. Did you notice that . Its the same shirt he had on. He knew he was coming on. I take care of things, you know. John, where do you stand now . You correctly forecast where oil was going to go. Were at about 31 a barrel. Are we near the end of the cycle or not . Unfortunately, no. I think the low point now w
And today Morgan Stanley said oil prices could plunge even further to 20 a barrel if the dollar continues to strengthen. And thats something capitals john kilduff said was possible about a year ago on nightly Business Report. Were in the beginning part of the price zone right now that hurts production in a big way and starts to reverberate through the economy, the manufacturing economy especially. It will be particularly painful if we do break the 40 level and then if we do break the 33 level, which is my low price target and we go down into the 20s. Then its going to be a real bleak situation. And john kilduff Founding Partner with again capital is back. Hes wearing his lucky shirt. Did you notice that . Its the same shirt he had on. He knew he was coming on. I take care of things, you know. John, where do you stand now . You correctly forecast where oil was going to go. Were at about 31 a barrel. Are we near the end of the cycle or not . Unfortunately, no. I think the low point now w
Morning. Let us get straight to the markets. We have equity markets around the world under pressure. The shanghai composite is lower this morning. Going for the worst rate we have seen in china since the slump of last year. The biggest twoday loss since last year. Is view from the market critical levels, that would be a 50 retracement from that magical high that we saw two years ago. China stocks headed for the biggest twodate loss, margin traders have cut for the 18th straight day. They are getting out of this market. Back to give you a basis. Let us get to the recording season. It is really kicking in. Let us deal with santander, spains biggest bank. In terms of capital, that is the critical issue for the marketplace. Core equity fully loaded, 10. 05 . The mention is to raise the capital level quite aggressively to match her peers in the marketplace for 2015. They made a profit, a net profit of 6 billion euros. That is the santander capital position. That is the santander net profit
Either in northeastern u. S. And prepare for emergency. We have several hundred National Guard and will be stationed in new york city and long island area primarily. Welcome to countdown. I am mark barton. I am anna edwards. I am manus cranny. A warm welcome. We will be speaking to the new ceo following the companys firstquarter results breaking right now. We will be speaking to the philips ceo for his first interview of the morning. And their earnings are coming fast. Just into the bloomberg terminal. First quarter matched analysts estimates. Upset by gains in other divisions. Profit from socalled industrial operations fail 4. 1 to four point 8 billion euros and that matched the average estimate of six analysts. While some divisions provide at the live performance, Health Care Needs to step up is efforts and need a more comprehensive concept to return to historical margins longerterm. Kaiser has been expanding fossil fuel extraction and Energy Supply operations since taking the reins
Eastern time and mario draghi will hold a News Conference at 8 30 eastern time. The euro we saw 1. 5 yesterday. It bounced higher at 1162 and european stocks at least at this early hour they are relatively flat at this point the dow futures are up by 35 points. Nasdaq up by 3. The ecb is the talk of the down here in davos. Larry summers, and Goldman Sacks gary cowen all sitting on stage together. Expectations of a Bond Buying Program in europe already had an effect. She points to currency and where the euro is now countries around the world are already engaged in a currency war in an effort to boost growth. Press andrew is supposed to give a press conference later today about the sex scandal hes involved in. This is what people are really talking about here. We were 100 billion a month qe. At one point, yeah. Theyre doing 50 billion euros. That was money at one time. What was that . Probably 63 or something . Yeah among the biggest questions in europe right now is the fate of greece lo