State victories and macrons swearingin. Oil up on news of more Production Cuts and an Empire Manufacturing the first negative read since the election. Our road map begins with a cyber warning after hackers attack 1 50 countries over the weekend. Microsoft said it should serve as a wakeup call to governments around the world. And theres an agreement on the extension of the Oil Production cuts. The white house is hopefully to quickly pick the next fbi director. Will democrats make that possible . First up this morning, asian governments and businesses reporting some disruptions from this Wannacry Ransomware worm this morning. Its locked up hundreds of thousands of computers in more than 150 countries since friday. Security experts warning of further disruptions as more systems come online today. We have examples of schools for instance in south korea warning their students not to fire up their computers today for fear this could get a new leg as people turn things on. Whats amazing about
Carey, this is from washington journal. Host brian scheid is with us. Energy week, energy dominance, which is not Energy Independence, the term we heard often in the but energy dominance. , but energy dominance. Gy what does that mean for the future of u. S. Energy policy . Whats the change . Guest its an idea that has been talked about by every president since new nixon. The idea that we no longer have to rely on opec imports or be concerned of some sort of embargo or a blockade of crude coming into the u. S. An dea has become become of it antiquated. Were producing 9. 5 Million Barrels per day. Basically double what we were back then. We are also integrated with the rest of the world. This idea of Energy Independence morphed into this idea of energy security. We will be fine if there is a blockade. If the strait of hormuz is shut down, it wont have too much of an impact on the u. S. Oil and gas markets. The Trump Administration has shifted that a bit to talk about this idea of energy
Carey, this is from washington journal. Host brian scheid is with us. Energy week, energy dominance, which is not Energy Independence, the term we heard often in the but energy dominance. , but energy dominance. Gy what does that mean for the future of u. S. Energy policy . Whats the change . Guest its an idea that has been talked about by every president since new nixon. The idea that we no longer have to rely on opec imports or be concerned of some sort of embargo or a blockade of crude coming into the u. S. An dea has become become of it antiquated. Were producing 9. 5 Million Barrels per day. Basically double what we were back then. We are also integrated with the rest of the world. This idea of Energy Independence morphed into this idea of energy security. We will be fine if there is a blockade. If the strait of hormuz is shut down, it wont have too much of an impact on the u. S. Oil and gas markets. The Trump Administration has shifted that a bit to talk about this idea of energy
First Abigail Doolittle tells us everything going on in the markets. Small small gains for the nasdaq but nonetheless looking at it caused with the reflation trade, the dow and s p 500 trading lower, the doubt on pace for its worst day in the month of february. Thething else about today, first day in seven trading sessions that we do not have some sort of record high for these three major averages. A bit of a pause in the reflation trade. We have stocks close to the record highs and still do not have a 1 move for the s p 500. ,hen we go into the bloomberg the top orange line is a 1 move up in the bottom line is it one person move down. We are now on day 49 without a move up or down. Day 89 without a move to the downside, the last time that happened was in 2016. Stocks trading to alltime highs on the reflation trade, the risk rally, we do not have any really big conviction behind it or big moves. The last view times the other ranges broke it was on massive volatility so when this tradin
First Abigail Doolittle tells us everything going on in the markets. Small small gains for the nasdaq but nonetheless looking at it caused with the reflation trade, the dow and s p 500 trading lower, the doubt on pace for its worst day in the month of february. Thething else about today, first day in seven trading sessions that we do not have some sort of record high for these three major averages. A bit of a pause in the reflation trade. We have stocks close to the record highs and still do not have a 1 move for the s p 500. ,hen we go into the bloomberg the top orange line is a 1 move up in the bottom line is it one person move down. We are now on day 49 without a move up or down. Day 89 without a move to the downside, the last time that happened was in 2016. Stocks trading to alltime highs on the reflation trade, the risk rally, we do not have any really big conviction behind it or big moves. The last view times the other ranges broke it was on massive volatility so when this tradin