Forecast for brent crude saying oversupply is likely to peak in whos doing it best. The Second Quarter of the next and candidly, new york really year. Those prices are looking at a was doing the best work in this near fiveyear low. And the worst case scenario, brent could fall as low as 43 space. Were in a good position from a in the next six months. Thats something to be watching. Budget point. Andrew, over to you. Thank you, becky. On a cash basis. Good morning. We have Corporate News this morning as well. Here are the stocks to watch. Reaching nearrecord levels. The first one out of the box is im comfortable well be able to merck reportedly in talks to buy absorb and pay for the costs. Cubist pharmaceuticals to make and im also confident that the antibiotics and they will pay entrepreneurs coming with roughly 7 billion. Foreignborn citizens and thats more than 34 premium. Immigrants will more than contribute their fair share to also in other drug news, bristol atlantas economy and m
Sell dollars. There had been a lot of people calling for that. It turns out it is actually happening. Pay attention to greece. Stocks falling as the second round of a approximateliat volley takes place. Antonas samaras failing to get enough votes from parliament in greece. The analysts say early elections could derail and some of the reforms and raise the risk of another economic setback. Andrew, back over to you. Thank you, becky. Some stocks to watch this morning, Chesapeake Energy failing in a deal to sell southwestern energy. That company okaying a stock buyback plan of 1 million. The company says its small to medium sized business continues to show growth. Vanda pharmaceuticals, those shares surging after the Company Agrees to sell with novartis. And then theres confidential resources, feeling the impact of its own oil prices. The producer announcing plans to decrease its capital budgets to 4. 6 billion from 5. 2 billion by the end of next year. Other Corporate News close to home,
Morning. Its heading east. The pilots will take turns flying day and night. If goes as plan the trip will end in mid june. Four u. S. Stops are planned. Here are the big stories today. Apple holding a major press event in san francisco. The Company Expected to offer details on the watch including a high end model that some say could cost as much as 10,000. Well talk more about apple and the entry into the dow in a few moments. A new survey finding the fed to raise rates in the second half of the year. 57 of those polled by the National Association of business economists say uncertainty over the Central Banks plan is no longer slowing the economic recovery. And in europe, its official. The ecb has begun the 66 million a month Bond Buying Program. Scotland Goldman Sachs argues that oil prices will reverse the recent gapes with wti. Likely dropping all the way down 240 a barrel in the near term. The main reason . Global crude inventories are beginning to increase again. We did see that st
Here are some of the pictures coming in from the Southern Alps of the crash site. We should say crash sites because weve seen a number of pictures showing debris spread over several areas and really the main question involving this crash of the german wings a320 is the rapid desent of the plane. All the way down to approximately 6,500, 6,800 feet. 150 people were killed on this flight. 144 of them being passengers, including some german students. There were also six crew members. The german wings a320 was built in 1991. Some people have been suggesting, well look its 25 years old. Isnt that old. In the commercial Airline Business an airplane that is 25 years old the main questions right now that investigators are going to be focussing on really comes down to this. Why were there no alerts sent out from the crew inside this plane . Especially as they started their descent. We should point out that this plane was checked yet. That was not a full inspection but it was the most recent insp
He was still doing concerts and theres a place in new york city called b. B. Kings. Have you ever seen him in concert . I have a couple of times. Lucille and born and raised in mississippi which was one of his alabama lumbars too and whats weird is mike nice tie, i think albert king was born in another great blues guitarist that played with the guitar the way Jimmy Hendrix did, learned to play it this way even though they din change the strings. And he was from there. How weird is that. And both named king. But not related. Sure. Very weird. That was very sad to hear that. I love great guitar player and great guy. Always seemed like he was in a good mood. I never met the man. You mentioned 330 day ace year and never stopped working. On the road for decades. He saw how it made his audiences feel too. It might have been called the blues. But it made you feel good. Made me feel good anyway. Now to wall street news. Lets get you up to speed on the markets. U. S. Equity future at this hour