To its lowest in 4 years brant crude dropped below 30 us dollars a barrel on monday Global Demand for oil was already low since governments imposed widespread lock downs and airlines grounded flights because of the disease they were cartel opec and the International Energy agency both warn that developing countries such as algeria angola and venezuela could suffer the most losing up to 85 percent of the oil and gas revenue this year. Or the price war started last week when russia rejected plans by saudi arabia to cut Oil Production the kingdom and other opec countries want Higher Oil Prices following the drastic drop in demand because of a coronavirus pandemic saudi arabia responded by announcing plans to pump much more oil at hugely discounted prices last monday brant crude recorded its biggest one day price fall since the 1991 gulf war Investment Firm goldman sachs. Warns prices could fall to 20. 00 a barrel both the saudis and russians say they can survive the price crash by relying
The latest happening in china. Meanwhile President Trump is in india this morning, speaking at a rally with indian Prime Minister narendra modi, hes headed to taj mahal as we speak. Bernie sanders with clear victory in nevada but having trouble on how to pay for big plans, battle for the white house moving onto South Carolina. Verdict in Harvey Weinstein case, mornings with maria is live right now. Maria top story this morning market selloff, take a look at futures, down 818 points as fears about coronavirus rise across the world. The number of cases is jumping across the world. I want you to look at this map, bahrain 31st country, 79,000 cases across the world. The death toll is spiking at 2600. I spoke with white house trade adviser Peter Navarro on sunday morning futures of impact of coronavirus. I want to ask you about what the u. S. Is relying on from china because i know that they more plenty of ships that were supposed to be carrying medical equipment, medical supplies, componen
Conversation from tech regulation to politics. We begin with the coronavirus and the outbreak spreading beyond china. In the United States, the first known case of unknown origin was reported in california. Two hours north of san francisco. The state is monitoring thousands more for signs of exposure. President trump tapped mike pence the task of overseeing the u. S. Response. Trump spoke from the white house wednesday. Pres. Trump because of all we have done, the risk to the American People remains low. We are ready to adapt and do whatever we have to. This one is different, much different. This is a flu. This is like a flu. I think the stock market will recover. This economy is very strong. Emily but the markets were not all fine, with markets pinned to the virus threats. The s p 500 and dow jones suffered big losses this week. At some point, as much as 10 . As for the tech sector and supply chains, microsoft and apple sounded the alarm. I caught up with dan ives thursday. It is a ma
For longterm Global Growth . There is going to be a financial impact. My guess is it is going to be worse than people think. With are confronted conditional supply and demand shocks. It is not like the world will end tomorrow. President s trump and modi meet in india. Onthey pledge closer ties Maritime Security. Jp morgan lays out goals. They said u. S. Wealth is going to be one place where they can sell growth. And disney names a new ceo. I intend to double down on the same strategies bob has established. Its all straight ahead on bloomberg best. Welcome. Llo and this is bloomberg best, your weekly review of the most important Business News and assets. Lets start with a day by day look at the top headlines. The dominant story throughout the week was the global spread of the coronavirus, and on monday, as reported infections climbed, Financial Markets felt the pressure. Coronavirus continues to spread beyond china and outside asia raising concerns about the prospects of a pandemic. Sou
When we all accept the history of slavery as all of our history. Our documentary series slavery routes starts march 9th on d w. Its a bad day all Global Financial markets fee impact of the coronavirus is becoming clear 1. 00 of the worlds most valuable Company Example warns profits will fall short of full cost global trade faces headwinds watch out africa. By poverty how to get gods name businesses up and running when the funding is out of breach for so many. And stop chopping down trees that are mentalists ironically hope teslas plans to build clean cars in germany as it means clearing a forest for the factory. That does all of this new business i know its just a virus no worse than the flu but covert 19 has spread around the globe at lightning speed infecting operations at all sorts of companies in this new connected world africa is not being spared the confidence had its 1st confirmed case of the disease huge joint african chinese Infrastructure Projects face disruptions. Many airli