Its not difficult to be crabby when you are basically living hand to mouth with government stimulus. I thought that encompassed the markets perfectly for a day like today. A lot of earnings coming out. Delta looking at a 50 cut in daily cash burn by the end of june. In terms of their First Quarter loss, they had about a . 51 loss , and revenue was down 18 year on year. As we expected, pretty brutal when it comes to delta. Baker hughes, oil services company, saying the outlook for oil and gas is certain. No kidding. The revenue down by about 4 year on year. 0. 11, acoming in at little bit light. Lets get you some of the headlines here. All of todays market moving news from new york, as will is washington. Brent crude getting sucked into the lowest level since 1999. Bloombergs part two thought to be role bloomberg spoke to thought he be role spoke to fatih birol. Some of the countries are cutting their production earlier than announced. Others joined them. If others do not follow the ste
Will it make its way back to zero . Seems to be part of the conversation building in markets. Barrelumped above 65 a as supply disruptions in iraq brought concern to geoPolitical Risk. With more is Annmarie Hordern. Detention we are seeing in libya and iraq come very different in nature. What is the impact of these on oil supplies . Annmarie they are both geoPolitical Risks to the oil supply. In libya, the government says we could go to 72,000 barrels a day. This has to do with the eastern military commander. He has a blockade now on the port, so actual supply is not disrupted. The market may be shrugging off a little bit because in days or hours, that blockade could be lifted. Iraq, while it is a minor disruption, which is producing more than 4 Million Barrels a day, it opens up a window of worry. Just last thursday, the iea says iraq remains very vulnerable. It is more about could the supply threatened become much bigger. Anna they are overproducing their opec target. Annmarie this c
Exited alaska also pushed in a very shares higher. Showed a bigger than expected drop in crude Oil Inventories a little different. It eases concern that the market is poised to head back into oversupply. Surely before 2 00 today, all the major cryptocurrencies began selling off in a flash. Bitcoin erased earlier gains to drop five and a half surely bo below 5,000 since the First Time Since july. Cryptocurrencies are no strangers to set of moves that are not always explainable and today, that seems like it is the case for now, many analysts trying to figure this out, one showing that the futures friday might be playing a role. One investor is sticking with his guns and saying that the next leg up could be as soon as investors start piling in. Theyre not quite giving up hope on crypto yet. Thank you three hard to believe volatility in the crypto space. Work andu do a lot of an interesting juncture because it feels like the last several weeks, people become negative. It is not like anywhe
I just heard somebody passed away so they were practicing hovering, which was unique to helicopters. And something happened. The helicopter crashed. Reporter this is a picture of the helicopter we found on the companys Facebook Page. The tail number on this picture matches the helicopter, the tail number on the wreckage behind me. The Facebook Page has since been taken down it appears by the company. At this point again, investigators, the ntsb expected here tomorrow. According to the airport manager, there was no disstress call from the helicopter in the seconds and moments before the crash and there was no black box inside the helicopter. In hayward, laura anthon abc 7 news. Thanks very much. Breaking news in the north bay and just after 4 00 this afternoon, trains were running between san rafael south of where this happened. A bus bridge is taking passengers between Sonoma County airport stations. This is the fifth fatality involving smart trains in the past few weeks. Its been thre
The will be with the current state of the u. S. Economy. And discuss its regulatory activities. In the last policy report, the chairman provide additional clarity on the plants to normalize Monetary Policy. Including how the size of the Balance Sheet will be driven by Financial Institutions demand for reserves. Since then, they have provided Additional Information and to continue receiving feedback on the Monetary Policy strategy and communication. All of what i look for to hearing an update on. The u. S. Economy is still strong. According to the equal analysis. Unemployment rate remains low at 3. 7 percent. The u. S. Is in his longest expansion of Economic Growth since 1854. According to the National Bureau of economic research. In order to continue this positive economic trajectory, red letters must evaluate the regulatory and supervisory activities for opportunities to tailor regulations and to ensure broad access to a wide variety of Financial Products and services. With respect to