Hit by costs the boy costs in the middle east of the war on garza mcdonalds is now buying back of it, says wally restaurant the oil prices are at the highest level in on some central bank. So keeping a close eye on the markets for the 1st time since october. Brent crude, thats the international benchmark. Talk 90. 00 a barrel last week that prestons the rise in gasoline prices in the us and elsewhere, were igniting phase of the installation. The increase in prices has been driven in part by ju political tensions in the middle east. Supplies shocks off to several output costs by opec and its allies also pushing up prices as well. The grids of Major Oil Producers started slashing production in late 2022. Saudi arabia is leading the latest round of costs bosses not alone. Russia to wait on the United Arab Emirates of also agreed to lower the output from april to june. The goal to level Global Supply and increase demand. Oil prices average around 80. 00 a barrel in 2023. The i m f says sau
Before the American Express news broke, the dow was under a lot of pressure. That number came in line with expectations. It wasnt terrible. The fed rate hike could still nbt cards. The dow is down 85 points. We have someone who says the Current Employment report is not measuring jobs properly. Hell explain why next. Also, more on twitter. Its falling yet again today. That stock has been cut in half in just four months. Its now 1 away from the ipo price. Well look at whether investors should be cutting losses or holding out hope at this point. Crazy. And maximizing your airline miles. Wait until you meet the guy who has flown nearly five million miles for free. I love this story. Hes looking to make a business out of helping others do the same. Bill, we have to talk about he is taking advantage of the system or just finding out the way to benefit it. Its all legal much its all ethical. Hes just found a way to gain the system. Well tell you exactly how hes doing that if a little bit. Let
Trading. Check it out, 40. 21. The last time you saw prices like this it was 2009. March of 2009. We were in the midst of the financial crisis. It was a lack of demand. This time around its not just a lack of demand for slowing economies like china but also massive amounts of supply. Well talk a lot more about whats happening to wti but right now barely holding on at 40 dh 40 dhr 40. 21. The shanghai composite closing down by more than 3 and in europe greece making a 3. 5 million payment to the ecb on a maturing government bond. Athens using money from the latest bailout. Back here in the states a few economic report of note, weekly jobless claims at 8 30 a. M. Eastern time and then at 10 00 existing home sales. We got a couple of other big stories in focus right now. Of course the fed is on our mine. Yesterdays release of the minutes from the last fomc meeting raising a number of questions about the timing of a possible rate hike. Its the question we talk about virtually every day and
Dow futures up by almost 65 points s p up by five and a half, nasdaq up 24 comes after a week we saw gains in the markets take a look at what happened overnight in asia. Green arrow there as well indicating it was up only onetenth of 1 . Hang seng up and shanghai up. In europe, more of the same, gains across the board dax, and france, cac up by almost 1 . Check out crude Oil Prices Oil down by almost 2. This morning up 31 cents we have seen a big take down in gas prices here are big stories this morning. Shares of nestle sharply higher, at record high after activist investor dan loeb announce stake in the company theyre erjing nestle to improve margins, shed noncore businesses earlier nestle considered sale of the confectionary division. Argues nestle should sell 23 stake in the cosmetics maker loreal. Shares at an alltime high today as well. In auto news, the company at the center of the biggest safety recall in history filed for bankruptcy takata saying it would be bought for 1. 6 bi
Question. Not everyone believed it could actually happen, but a slow and steady move higher by the stock market has us still near record highs. A lot of figures think the president obaositive moan histo first half of the year is is as good as it is, the of the time,d half of the year continues higher. Recent history seems to validate that story line. According to market data and Research Firm kensho, since 1980, during the first year of a president ial term, the s p 500 is generally positive during the third quarter. And it is actually not had a losing Fourth Quarter during those time frames either. There is one sector in particular that many traders are keeping a very close eye on to set the tone for the rest of the year. The most important sector and it was las a wel is the financials. Financials will be the sector to watch. If you can get them working, particularly if theres a hint of deregulation, i think then the whole market will pull together and we can see new highs. And theres