Members. Profittaking could be a motive and remember oil rallied 27 in april. Drug prices are under fire on capitol hill. As you well know, glak glak sews an dry witty will be talking. Jackie deangelus has a story from us from the nymex. Good afternoon. Closing under 45 dlp a barnlts. You mentioned opec. Thats certainly the big story today. Analysts sur vaved expected to see opecs production going up from march. Traders tell me theyre not surprised by that at all. If we do see some sort of a freeze or accord, of course, these producers want to freeze at record levels so they can continue to pup its economic for them. Whats going to influence oil within the next month or so, certainly supply. The dollar weve been discussing all day as well. Thats another piece of it. The dollar index is support ivg of crude prices. It could take us higher, especially if the dove continues to be. I know youve watched the gas prices closely. Theyre going up. Consumers are expecting to hit the road. Theres
This point. Lets tell you about the big stories were watching this morning. A First Quarter read on the First Quarter gdp at 8 30 eastern time. Forecasters say the economy likely grew at a snails pace. Also the fed wrapping up its twoday policy setting meeting in washington. Announcement set for 2 00 p. M. Eastern time. No changses expected on rates just yet. Beyond the economy theres also a busy day in earnings central. We have Companies Set to post this morning before the bell mastercard mondelez and general dynamics. Also were continuing to watch the situation in baltimore. Things were quiter there. Demonstrators for mostly peaceful. Less than a dozen arrests compared to more than 200 on monday. Curfew ended at 5 00 this morning. Go back into effect tonight and we should tell you that todays baltimore airlines game will be in the afternoon and will be closed to the public. The teams weekend series against the rays will be played in tampa instead of home in baltimore. The next five g
Larry fink talking about the fed and the markets yesterday. The Federal Reserve is actually causing more disorientation in the marketplace, because theyre purchasing more than is being created by the treasury. And so i think they should get it over with, move on. I dont think it will be disruptive to the marketplace. Since they started talking about tapering, rates are down 75 basis points. That tells me they have not been aggressive enough. Thats very interesting. Beyond the minutes well be speaking to the fed, well be hear something other things this afternoon as joe mention. We do have new york fed president bill dudley. Thats coming up at 10 00 eastern time. Later this morning, janet yellen will deliver the ny kruu commencement address at yankee stadium. Stanley fischers nomination to be vice chairman of the fed has cleared a key procedural hurdle. Fischer is widely expected to win confirmation. Andrew. News this morning about deals. A new study facing hostile m a activity has reac
Ghanaian Tax Professional and EY’s Africa Tax Practice Leader, Ekow Eghan has been awarded the prestigious title of 2023 EMEA Tax Practice Leader of the Year at the International Tax Review (ITR) EMEA Tax Awards ceremony.
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