A congressional hearing in which case that will. Well break down the shake up at one of americas largest banks a lot to get here on a very busy day so lets get started. On oil lost as much as a 3rd of its value monday in its biggest drop since 1901 gold war fell to 30. 00 to 30. 00 per barrel as saudi arabia launched a price war with russia after the 2 failed to come to an agreement at its vienna meeting russia declined to agree to production cuts that have artificially kept Oil Prices Steady officially russia said it wants to wait and see what the Coronavirus Impact on demand is before agrees to cuts on officially russia is angry about u. S. Sanctions of Russian Energy Company Rosneft and attempts to stop the north stream to pipeline to germany by flooding the market and sinking prices russia sees an opportunity to crush the us shale industry which is dangerously levered to the hilt russia is also fed up with cutting production outputs timeout that time while u. S. Shell producers eac
International. Prices suffered the biggest collapse in 30 years before rebounding slightly as saudi arabia stepped up its price for. Oil prices plunged up to 30 percent on whats been dubbed black monday the biggest single day since the 1st iraq war sparked by a spat between top suppliers riyadh and moscow who couldnt agree a deal on production opec proposed output cuts in response to forming demands due to coronavirus concerns moscow disagreed noting that that would simply give an unfair advantage to u. S. Crude produces insists it wont give up its benefits. The Russian Oil Industry has a high quality Resource Base and a sufficient margin of financial strength to remain competitive out any predicted price level as well as maintain its market share for russias interests this deal is simply illogical we giving up our own markets remove cheap arab and russian oil to make way for expensive american shell and make it worthwhile for them as the Mainstream Media have called russias refusal re
International. Suffered its 1st automatic hold in trading in more than 2 decades after stocks fell nearly 8 percent shares were spooked by the biggest collapse in the oil price in the ninetys before rebounding slightly as saudi arabia stepped up its price war. And in the u. S. The dow plunged more than 2000 points the worst one day point drop ever prompted by Oil Price War that stunned markets around the world we have a huge market event yesterday as a lot of investors repriced all the shock the crash restart markets and the 2000 point swing on the dow its the same for what happens today Business News now starting with the crude oil markets as they try to bounce back from their worst day since 1991 or prices plunged 30 percent on whats been dubbed black monday in the biggest single day force since the 1st iraq war it was sparked by a spat between top crude suppliers we had a mosque who couldnt agree a deal on production. Saudi arabia says that it will slash oil prices to grab market sh
So what weve got to do is identify the threats that we have its crazy Going Foundation let it be an arms race is on all sides very Dramatic Development only mostly im going to resist i dont see how that strategy will be successful very critical time to sit down and talk. Join me every thursday on the alex so im unsure when ill be speaking to get off of the world of politics sports business im show business ill see that. Global markets plummet amid widespread talan and this time while at the culprit this does boom but the one business show you cant afford to mess im christiane and im bridgeboro in washington coming up the market bloodbath rages on amid infection fears and oil has stalled with prices dropping below 40. 00 a barrel we take a look at the big picture and what the future may have in store. And the World Health Organization says the possibility of the corona virus becoming a pandemic is the very real well break it down and discuss what can be done to control the spread of the
A very warm welcome to the program from all of us here at r t h q in moscow thanks for joining us this hour. The u. S. Is boosting its defensive capabilities in iraq the head of u. S. Central command said this was in response to the threat posed to american troops by neighboring iran in the process of bringing their Defense Systems Ballistic Missile Defense Systems into iraq in particular to protect ourselves against a bit another potential a track. For all the details we crossed live to r. T. As caleb mop and so it looks like theres going to be more American Military kit in the middle east what exactly has prompted this well just when many thought the tensions between the United States and the Islamic Republic of iran were starting to cool we have the u. S. Central command telling us the opposite take a listen. This is no easy task iran is persistent and is growing its arsenal Ballistic Missiles despite International Condemnation iran remains the Worlds Largest state sponsor of terror