Terms of what were communicating. The ruble recovers from its biggest daily loss in 16 years, but russias woes claim another victim. Shares in Italys Saipem plummet. China has its biggest daily rise in over a year with banks and grocery stocks leading the way. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Brent and wti are currently trading lower after bouncing back during the u. S. Session yesterday. They are up today, up 0. 66 and 0. 23 respectively. Wti crawled back around 5 of recent losses to move back above 65 a barrel. Some oil drillers have responded to operations by putting their operations on hold. Operators around the globe are looking at stacking their rigs, meaning making them temporary idle. The 3406 is aimed at lowering costs despite the offset in the market, but remaining ready for reemployment when it recovers. Imf chief Christine Legarde says while low oil prices are good news for the u. S. Economy, they do add a threat
Is a classic stealth rally. It happened very slowly. We saw material Stocks Energy stocks moving up. 41, advancing to the declining stocks throughout the day its gotten better. Slowly to the close. Its just not the kind of year that has felt like a record high year yet. If things change and we should mention the dow itself is only 100 points off. It helps that cisco is having a great day. Semiconductors have had a great month as well. Meanwhile, tesla is running out of juice. They hit hard the founder says his Company Still will be worth as much as apple, remember apples worth 700 billion right now. He says thats what tesla will be worth in ten years time. Were going to look at tesla and apple and figure out which youd be better off owning for the next decade. The government seizing the personal Bank Accounts of Small Business owners without justification or accountability. This didnt happen in venezuela or cuba or russia but right here in the United States. The irs is now facing incre
Sitting right on the 18,000 mark on a day when were up 288 points on that index, or about 1. 6 . That also makes it the outperformer of the session. Look at the s p by comparison. Up by about 1. 3 adding 23 points. The nasdaq having a decent day as well adding 53 points. Almost back at 4950 as it continues, bill to climb towards that 5,000 mark. And can we see wti oil for one second . A late, very late rally here after the state Department Said that there was a 5050 chance that we would have a deal with enron by tomorrow. I love this. When kelly and i heard that you said oh gee, only 50. Only 50 50. At least we got 50 50. So half full half empty. Either way, oil rallied, and about a one dollar day on the closer comeback really is what it was. Because it finished down. Well talk to our guests about what that means. We have energy reacting to that move. And we have the financials leading the way today. Notably jpmorgan after that barrons Weekend Edition with jamie dimon on the cover. I h
Tonight, folks. Thanks for watching. When president obama comes out to speak in boise, idaho, well bring you his remarks here live on the ed show, but first i want to talk about keystone. Its clear to me that some senators, and i dont mean to be derogatory here but they are clueless. They are clueless because they hear something and they think that must be the way it is. Only one senator has gone to nebraska to get the facts. Anyway, the keystone xl pipeline, ill explain to you again tonight, it is not going to be built for a few years. I warned you last night about senator joni ernst. She delivered just barrels of lies on the keystone xl pipeline. Were working hard to pass the kind of serious job creation ideas you deserve. One you have probably heard about is the keystone jobs bill. President obama has been delaying this bipartisan Infrastructure Project for years, even though many members of his party, unions and a Strong Majority of americans support it. The president s own state d
Finance Minister Nirmala Sitharaman highlighted that over the past decade, the Modi government has transformed the Union budget from a simple expenditure record into a strategic roadmap for equitable distribution. The minister emphasized the government s commitment to optimizing the utilization of taxpayers money by ensuring it is allocated for the most effective purposes.