Another retailer looking at bankruptcy it is tuesday, april 21. You are watching Worldwide Exchange here on cnbc good morning, good afternoon, good evening with el come from wherever in the world you may be watching. Im Brian Sullivan welcome. I hope you are having a great tuesday. The stock futures looking like it is continuing off yesterdays decline for the dow futures in the red right now indicated down about 200 points yesterday, a rough day all but two dow names were down. Each falling 6 in the red it has been the action in the Global Oil Market that has really captivated the worlds attention and the Historic Development around crude trading yesterday negative for the first time ever. Thats right the may contract which expires today. At one point, this is not a miss print, trading at negative 40 a barrel the lowest on record not only zero, it is below zero. A lot of you question why would oil or any commodity trade in the red and go inverted . That is relatively simple, when you o
Steer the countrys recovery. On markets. Check the s p 500 up 1. 8 , being led by the energy index, even as oil reaches for a 17 and all. Handle. The dollar index close to 100 again, 99. 77. Lets get to Abigail Doolittle for a deeper dive into the markets. Abigail stop gains on the days certainly stand out, possibility of the reopening guidelines from president trump. But what stands out more on the declines in crude oil. Here is an intraday chart, down 7 , down much more before. This is the first month contract which expires next week. Contract, june, is closer to 25, so this may be temporary. Nonetheless, crude oil reflecting the demand picture shrinking on the coronavirus crisis. It is a tell as well on risk appetite. The need the surface for the s p 500, the sector composition is interesting. Consumer discretionary helped out by a lot of those faang stocks. Health care is also solid. Gilead sciences with some good news on a drug that may be helping. In real estate, lots of talk abo
Products are now available at the new cspan online store. Go tose and stored see san announcer in 1950, oilrich, venezuela was the fourth most prosperous country in the world with an average annual income of about 7500. With only switzerland, new zealand, and the United States doing better. In recent years, oil prices have dropped and venezuela has experienced political and economic turmoil. The country is now number 126 on the list of per capita gdp. Next, people and petroleum, the story of creole in venezuela. A 1950s promotional film showing the history of Creole Petroleums development and in venezuela, and what it argues are benefits to the country, including health care, education and infrastructure. At the time, creole was a Standard Oil New Jersey venuzuela affiliate and the worlds number two oil producer. It dissolved when the country nationalized their oil industry in the 1970s. Narrator stretching along the Eastern Shore of Lake Maracaibo in venezuela, is one of the industria
A 1950s promotional film by Creole Petroleum corporation shows the history of its development in venezuela and what it argues are the many benefits to the country, including health care, education and infrastructure. Newhe time, creole was jerseys venezuela affiliate and the number two oil producer. It dissolved when the country nationalized their oil industry in the 1970s. Stretching along the Eastern Shore of venezuela is one of the industrial wonders of modern times. The Oil Producing complex of the boulevard coastal fields. Wellshan 2000 oil reaching almost to the horizon. This resource has brought a new life to the people of venezuela. The oil beneath these waters belongs to those people. But, the stupendous task of bringing it to the surface and refining it has been the work of private foreign capital and engineering genius. Much of it, north american. That network has been done by one company. Creole petroleum corporation. Creole is an american company. An affiliate of new jerse
Be violated the spokesman of the ministry of Foreign Affairs of jordan called the attack of the zionist regime a dangerous violation of International Laws and said according to the vienna agreement they have diplomatic responsibility. The Russian Foreign ministry also announced israels hostile actions are not acceptable in any way and must be stopped. Egypt, venezuela, cuba, pakistan, iraq, qatar, oman, afghanistan, uae, saudi arabia. Yemen and kuwait also considered this terrorist attack to be a violation of syrian sovereignty and incomplete stability and security in the region, as well as in clear contradiction with International Laws and diplomatic standards. Lebanons hezbollah , yemens ansarullah, iraqs hezbollah battalions, and the Palestinian Resistance groups in separate statements called the zionist regimes terrorist attack an attempt by this regime. To spread militancy and avoid defeat in the battle of justice. They knew and asked the International Organizations to stop such a