Check futures, dow futures right now in the red to the tune of 360 points, nasdaq futures down 110 and s p futures lower by 40. Oil prices under pressure this morning. The International Energy agency warning that demand could plummet to less than 25 years. Airlines reaching a deal for Financial Aid. Mornings with maria live. Striking a deal Oil Producing countries agreeing to cut output by 9. 7 millionbarrels a day in an effort to stabilize the price of crude. President trump weighing in on much anticipated agreements. Countries around the world will cut Oil Production by approximately 20 millionbarrels. People are saying 10 million but we think the number that theyll actually hit is closer to 20 millionbarrels a day. This historic action will help americans supported by the oil and gas industry. Saudi minister say the cuts will amount to 20 million a day and confirmed what President Trump just said when taking into account policemens by other g20 nations and preserves. Prince abdulazi
And taiwan. You have elections coming up. Keep your eye on that. We are either flat or slightly higher. Safe havens, looking at dollaryen above the below the 200 day moving average. You are looking at oil pushing towards session highs, new york 1. 6 to the upside. In case you missed it, breaking news out of iraq, the top iranian commander was killed in a u. S. Airstrike with reports in the last 30 minutes or so. Thena lets get more on markets. David was just mentioning this news about the commander being killed in baghdad. What does it mean . What are you watching her . I think it means we will have geopolitical tensions coming back in the new year. The s p 500 in reversing earlier gains, and the yen is being beat up. But i dont think this is going to last. I think after the dust has settled and the markets continue to focus on the fundamental improvement, this liquidity part can still continue after china with liquiditya banks. An era for the emerging markets. Same macro theme. It wil
The breaking news this hour, iran, striking back at the United States for the killing of its top general Qassem Soleimani last week. According to the pentagon, the attack occurred 5 30 p. M. Yesterday with iran launching more than a dozen Ballistic Missiles their targets, two bases in iraq where u. S. Troops are stationed. One, the largest in the world, less than 200 miles from baghdad. The other in Northern Iraq iran claiming responsibility for these attacks. Tweeting that iran, quote, took proportionate measures in selfdefense under article 51 of the un charter targeting base from which cowardly were launched u. S. Secretary of state mike pompeo and other officials gathering at the white house in the hours after the attack the president himself tweeting following the meeting, quote, all is well. Missiles launched from iran at two bases located in iraq. Assessment of casualties and damage taking place now. So far, so good. We have the most powerful and equipped military in the world b
Is it something law american president would have who have part off so gradually the a president dollar and throw has been complying with the agenda of the is site no going fight it open of ward is a Something Big but did is almost there are also len mind hued know that after of this weird assess ignition of qassam seller money of the at indians our said theyre not going to comply i would the this nuclear deal of who toys and fifteens which which unilaterally was it it will buy the vulcans so i think know the it indians and feeling that they need to manufacture nuclear bomb and and moderately there they can do it because the americans have it it walked that doubt bill jawed bins are nor death of they are they have been nicking lot of state means they dont want at their around to go out of just nuclear deal but at the sametime they are not ready to be a cone the americans so its if im it if it indians will go fight it nuke nuclear bomb which probably they would go done this fall the out
Quote, took proportion gnat measures in selfdefense under article 51 of the un charter targeting base from which cowardly armed attack. President trump tweeted, all is well, missiles launches from two military bases a sassessment of casualties and damages taking place now. So far, all is well. I will be making a statement tomorrow morning, meaning this morning. We are awaiting word when to expect that statement from the president. Stock futures initially sank with the dow pointing to more than 400point loss today. Futures have paired those losses now dow futures down a few points even with those declines, the dow only down by six points. Along with the nasdaq and s p. S p was down over 50 points overnight. Right now, you are looking at positive territory for both of those. Whip saw action in crude oil oil for wti up to 63. 02. Gold prices briefly touched 1,600 overnight you are going to see 1,582. 5. The boeing 737800, not a max, crashed in iran yesterday the jet went down moments afte