Have red arrows pretty much across the board and wti crude, right about now you can trade it for 48. 49 here are the big stories were watching Warren Buffetts Berkshire Hathaway was outbid for oncor. Senpra will buy it for 9. 5 billion in cash. Hedge fund Elliott Management which is the biggest creditor to oncor had opposed the sale to berkshire and arguing that it undervalued the company. Berkshire said it would not raise its offer. In another deal, maersk agreed to sell its oil unit to total for nearly 5 billion. The transaction is the latest sign of consolidation in the oil and gas industry which has been dealing with a do you know t. U. R. Tur downturn the deal is still subject to rely laer to approval. And jeff immelt has become the frontrunner to take the helm as ceo of uber the report says ubers board is expected to vote in the next two weeks. I immelt has the report of several directors. Developing story, ten sailors are missing, five injured after a u. S. Warship collided with
Reportedly the largest in recent history at the department. Britains government will lead to its exit from 28 nation European Union. He has a tight schedule of just three days in committee. Theresa mayss government forced to after Supreme Court ruling earlier this week. Hours day pal by more than 2600 journalists and analysts in more than 120 countries. This is bloomberg. Live from bloomberg World Headquarters in new york, i am scarlet fu. Joe i am Joe Weisenthal and we are 30 minutes away from trading in the u. S. Scarlet extending games close extending gains closing. U. K. Premise or theresa may set to begin any moment speaking infidel of death philadelphia. Committee tomorrow with President Trump at the white house. President canceling his visit with the u. S. This sincen the biggest risk the nafta trade the a and 94. We will speak with the economic head of the Mexican Embassy. After the close, we will get earnings, alphabet, microsoft, on and paypal. Another name to keep an eye on.
Year. But keep in mind we are still about 20 lower than where we were one year ago. The question, of course, now is where do we go from here . Lets bring in our all star oil panel now. Lima croft of Rbc Capital Markets and john. Two things, number one, you called this nigeria thing back on january 27th. Yes. Congratulations. Thank you. Is the output cut thats happening in nigeria enough to sustain higher prices long term or just short term activity . One thing about nigeria is we had supply outages in the past and they lasted a long time. What i keep telling clients is if nigeria goes off line, its sticky. Theyre intent on shutting down production and they have the capacity to do. So its the biggest upside ris nkt oil market. Is there any other sector where you have a group called the avengers having an impact . This is what theyre calling themselves. Its really a men take two. There was a group that kidnapped oil workers, shut down facilities and parade them around on tv. They do thin
5. 3 . These are the questions dominating the discourse all day. I would put it in perspective, empirically, anecdotally and emotionally. Were in an unusual backdrop. Because the demand for u. S. F z treasuries from overseas, our Interest Rates in this country are much lower than they should be hallelujah unless youre a saver. Youd expect rates to rise. Thats normally what would happen. Treasury yield should be higher, which would drive other rates higher in, again, another normal situation. But were far from normal [ buzz ] Central Banks around the world are debasing their currencies. One third of all government bonds around the world now have negative yields at the moment, meaning if you buy these bonds youll actually lose money. Not here, though. So of course theres a scarcity of u. S. Bonds. Creating lower Interest Rates for all. Foreigners are thrilled to buy our bonds because you can make some money owning them, however meager. We have even more worldwide economic turmoil if they
Enclosed center and jack taylor. The trouble spot, were not hearing the severity of the crash, theres only a twolane road, 15 south of point of rocks bridge. Everything is blocked off right now as authorities arrive on scene from the loudon can county side. If this is a normal path of travel, be aware. Right now, all lanes are blocked. 66 eastbound, also dealing with this issue. Rosalyn tunnel, weve got a tree down in the roadway. Theres two big limbs that came over the sound wall. V dot is there but so far it doesnt look like those limbs have come down yet. Back to you. Most roads near the National Mall will be closed on monday for the fourth of july parade and fireworks there. The parade on constitution avenue starts at 11 45 on monday. The Fireworks Show will start about 9 00 p. M. Most road closures start at 6 00 a. M. And they will stay closed until about midnight. Area. D. C. Drivers will pay 2. 54 to fill up. Gas is a little cheaper in virginia, 2. 37. A gallon will cost marylan