grabs, 14 days out. republicans making surprising gains in several key house races as warning signs grow for democrats in the reliably deep blue northeast. hello, welcome everyone, sandra smith in new york. i can t believe it, two weeks to the day, john. john: and first it was the west coast where the republicans were making gains, now it s the northeast. who knew. john roberts in washington. this is america reports. good to be with you, sandra. the chances of a majority of the house looking bleak for democrats as we now project republicans to take a 16-seat advantage. four races moving toward the gop since just last week. but the senate is another story. remaining a toss-up, voters in four states will determine which party takes control. and we are watching all of it, right here in new york. the race for governor is moving now from solid democrat to likely democrat. the republican candidate, lee zeldin, making crime his final pitch. to frame the race as an referendum o
The strong loan growth witnessed in the first quarter will likely recur in the year ahead due to Puerto Rican economic factors. Click here to read more.
average market participant is concerned about a recession in the u.s., but it s not their base case scenario. it s more of a down side risk at this stage. we did see another bond market sell-off yesterday. and an equity market sell-off. it wasn t just on wall street. we saw it worldwide. european equities sank yesterday. and overnight, we saw some pretty sizable selling in asia. but interestingly, this morning, we ve seen a weekend in europe and u.s. futures point to a stable start to the trading session in the u.s. as well. part of what is helping sentiment, we got some more reserve releases on the oil front, so we saw the price of oil come down, and some investors saying that this could provide some comfort, that we won t see oil prices rise quite as much as we might have before. certainly a careful eye on those oil prices these days and that s not going to change any time soon. we teased a second ago, uber apparently it is going ahead with a plan to become a travel super app. plea
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PepsiCo revenue rises 6.8%, B of A jumps on solid beat, retail sales explode in March (SPY +0.6%). Consumers use stimulus checks to spend heavily.
Here is the current market situation from CNN Money
European markets are mixed. The DAX is higher by 0.06%, while the CAC 40 is leading the FTSE 100 lower. They are down 0.43% and 0.07% respectively.
What Is Moving the Markets
Here are the headlines moving the markets.
The Permian Will Never Face A Pipeline Shortage Again Just three years ago, the Permian shale oil boom was under threat: production was growing fast, but pipeline capacity wasnt. At one point, over one two-week period, eight of the biggest oil producers with a presence in the play shed a collective $15.6 billion in market valueor over $1 billion per dayas the producers rushed to ditch their backed-up crude at basement prices. Now, three years later, there are too many pipelines in the Permian. Almost half of oil pipelines carrying crude oil from wells in the Permia