A shift gardy his rival a dollar a separate sarah body to inaugurate himself. With your sports asian World Cup Qualifiers are postponed and tennis his biggest tournament outside the grand slams indian wells is cooled off of a coronavirus. Hello welcome to the news are the spread and fear of coronavirus is starting to have a global major effect on the economy and on the growing human cost us stocks plummeted in the opening minutes in new york even forcing a temporary halt in trading that followed more big drops in asian and european markets earlier in the day one days market shark was triggered by a plunge of 30 percent in oil prices have to saudi arabia increased production christensen is live for us in new york and kristen. Everybody was worried about the knock on effect that this would have once they saw asian and european markets open and it has had that domino effect in the u. S. On monday. Absolutely stocks across all of the major indices are down sharply this morning right now th
International oil stocks are taking a major hit today following the failure of crude producing countries to agree to production cuts as demand for oil falls amid fears about the coronavirus saudi arabia does say it will increase output after a dispute with russia so lets get the latest now from markets kind of mark and he joins us. Its been a shocking day hasnt it for the markets just bring us up today its about whats happening. Well its a somber atmosphere here on wall street in the New York Stock Exchange theyre already calling it black monday at this point futures trading has been stopped for the 1st time in 4 years and this is actually the biggest drop on wall street that weve seen since the 2008 financial crisis now Oil Prices Went down by roughly 30 percent there a big drop in oil prices apparently the issue seems to be that the opec negotiations were taking place and saudi arabia. Was putting forward the idea that a cap should be placed on production to deal with the slipping de
Abdullah abdullah has held a separate ceremony to inaugurate himself. Welcome to the program the spread and fear of crude a virus is starting to have a major Global Economic impact on top of the growing he would cost u. S. Stocks plummeted in the opening minutes of trading in new york forcing a temporary suspension of the markets also hit with big drops in asia Europe South America brazil stock market also had to suspend trading after a 10 percent drop mondays market shock was triggered by a 30 percent plunge in the price of oil has been following events for us in new york and its been a bit of a bumpy road for the dow jones just a little whats been happening in the last couple of hours. Yeah a very dramatic morning here in new york as all of the major indices remain down significantly they have recovered a bit now the Dow Jones Industrial average and the s. And p. Both trading around 5 percent lower earlier shortly after opening bell they plummeted more than 7 percent triggering that
Abdullah abdullah has held a separate severability to inaugurate himself. Welcome to the program the spread and fear of coronaviruses starting to have a major Global Economic impact on top of the growing human cost u. S. Stocks plummeted in the opening minutes in new york even forcing a temporary halt in trading President Trump is due to meet with his advisors in the coming hours now the stock market plunge was also influenced by Oil Prices Dropping around 30 percent on monday the biggest fall in almost 3 decades and thats a bit of a price war between saudi arabia and russia moscow refused to join the plan by major Oil Producing nations aimed at cutting up ports and maintaining prices stock markets across asia have continued to fall continuing the sell off that we have nearly 2 weeks. Ago billions of dollars have been wiped off the european markets just hours after opening with the u. K. s footsie 100. 00 index losing almost 9 percent of its value while questions lubys been following e
A very warm welcome to the program from all of us here at r t h q in moscow thanks for joining us this hour. World oil stocks are taking a major hit following the failure of crude producing countries to agree to production cuts as a man for oil falls amid fears about the coronavirus saudi arabia says it will increase output after a dispute with russia with more here is are to scale up. Quite a somber atmosphere here on wall street they are already calling it black monday we saw a 15 minute free on futures trading when the stock market opened big dramatic plunge on the stock market the biggest drop weve seen since the 2008 financial crisis and on top of all of that weve got an Oil Price Drop 30 percent decline in the price of oil a plunge in the price of oil the biggest drop weve ever seen in oil cents in 1901 and at this point its being traced back essentially to the negotiations with opec saudi arabia has come forward and called for a decrease in Oil Production due to limited demand a