Referendum rapidly approaching. Lets get to the stories you need to know about. In london where oil tops 50 a barrel. Jodi schneider in japan. And mike mckee right here in new york with the latest fed talks. The rally continues in crude. Brent toppinggh, 50 a barrel for the first time this year. Javier blas, talk to me about driving things toward and barrel. Alter javier we are losing some had thousand barrels a day in nigeria. 700,000 barrels a day in nigeria. In the background is the demand that a strong. Everyone is driving a lot in the u. S. That combined with supply outages is bringing us to 50 a barrel. Jon i want to talk about debt supply. A 9 billion auction what does that tell you about Market Conditions . Javier the pain for the producers has been really acute. You see qatar borrowing 9 billion. They have a big production, relatively reduced population. It is not a country you would expect to be in trouble. That at 50,ing us the problem is not over. Although the markets have
Bank executives to hash out a plan with bad loans and not performing loans. Quickly,ard, dollaryen, sixday losing streak. Dollaryen broke 108 today. Treasury yields, up two basis points. Down about. 2 of 1 . Lets get some first word news with vonnie quinn. With david gura, rather. David secretary of state john kerry is in japan. Seven decades after the u. S. Used the atomic bomb for the first time in history, killing 45,000 japanese. With other four ministers of the group of seven industrialized nations. President obama will meet with janet yellen today, the agenda being the longterm economic outlook. The meeting will focus on the state of the american and global economies. Vice President Joe Biden will also attend. 15 former American Bar Association president s are president e push for obamas up in court nominee, merrick garland. Republicans say they have no plans to move forward on garlands nomination. Global news 24 hours a day, powered by 2400 journalists in more than 150 news bure
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Honolulu, Hawaii (July 11, 2023) - The biennial Transpac Race begins with three staggered starts to tighten the finish window for the 2225 nm course from