Petroleum output by nearly. 1. And the imf and the world bank prepare to meet amid the worst downturn since the 1930s. The new reality of economies, collapsing train and mounting unemployment. Shery lets get you started with the markets. U. S. Futures are higher after u. S. Stocks posted the biggest weekly gains since 1974. Nikkei futures higher half a percent as we had a closeout a twoweek high. Take a look at crude. We have the historic opecplus decision, finalizing record cuts of 9. 7 Million Barrels per day, the single largest in history. Wti is gaining ground. Mexico alsoafter joined the conversation and agreed to cut 100,000 barrels per day. We will have more coming up. That is right. After several days of the virtual talks, global diplomacy finally ended in a Historic Deal to cut oil output by nearly. 1 . Destroyed oil prices. President. Great to have you. Can we breathe a sigh of relief . The cuts that have been announced, if there is adherence to those, and we have additional
Thats leading the dow right now. Jpmorgan chase, rough week overall. The cardholders, mx, visa down this week, doing better. Exxonmobil also on the upside. And the laggards, and this is like perfect, the symmetry here, all the stuff thats been the Market Leader is down. Walmart, a 52week high, new high, Procter Gamble raised their dividend, merck is up on the week, health care is up on the week, united health, apple had a good week. Its down. Weve been telling you how goldman has downgraded apple, maybe a surprise, but talked about lingering low sales and margins a possible delay, possible in the 5g phone everybody is anticipating towards the end of the year, and i think this is the most important thing, a shallower recovery hard thing to call at this point. Everybody is all over the map on that shallow recovery apple has regained almost 65 of the losses weve had, a little better than the s p 500. Its trading right now at 23 times forward earnings and if youre like me and look at the e
Representative lofgren this is the first time the ceos of the three major vendors have appeared together in a congressional hearing. The companies they represent provide at least 80 of the estimated 350,000 Voting Machines in use today, reaching over 100 million registered voters. Outsizeddespite their role in the mechanics of our democracy, some have accused these companies of fee skating and in some cases misleading Election Administrators and the american public. Others suggest there is an insufficient regulatory structure for this sector. In the committees may 29 he teen may 2019 hearing on Election Security, a member of the Brennan Center for justice wrote in his testimony, there are more federal regulations for all point pens and magic markers than there are four Voting Systems and other parts of our election infrastructure. Star there may be more work to do and much for congress to learn about this industry. Many have concerns about Voting Systems with Remote Access software. We
Countdown to the couldnt down, the worlds most popular head to toe clothing brands, northface, lee, and wrangler, stock near five year highs, get the story on why the company is in fashion and where its going next. Plus, x marks the spot for zoom. Shares soaring in first day of zoom revolutionizing the way u transfer money. Point, click, and zoom. Cash flies. Whats that mean for Western Union and money gram . Zoom ceo is plotting to take the lead. With, perhaps, many of your stocks at fiveyear highs, its tougher to find bargains today. Talking fundamentals with the top manager who is opening his secret 2013 investing playbook. Will his ideas be a touchdown for your portfolio . Couldnt countdown to the closing bell starts right now. Liz good afternoon, everyone. Im liz claman, last hour of trading, and, yes, stocks are down, but off the worst levels of the session. Down 47 point, could finish lower for the second week in a row. People are not looking into that, but the s p 5 00, down ne