Week yeah. This is the expiration day so what happens is you actually its tomorrow, but people are trying to prep it what happens is rusty braziel explains to me, the rollover from the may contract to june occurs tomorrow. The reason that happens is because the may futures price converges with cash and expiration so in other words, youre looking at what the real price is its not the futures price so what happens is that imagine if youre producing at 32 a barrel, 33 a barrel like occidental, thats just youre hurting nobody can make any money at these prices rusty points out that after seeing this, the next month, it might go to zero and thats i think a lot of it is because where will you put it maybe keep it in the ground. It is extraordinary and jarring. And i think its causing the decline. Carl, whats so amazing, it was completely predictable thats why maybe the decline isis really overdone if its based on oil if its based on other factors, i dont know it looks like oil is bringing th
Give us a sense of the area. Its a very strange vibe on the streets here admittedly. People are having a bit of difficult time just remember images that we saw come out last night and its the first time that weve seen in the protest already mass attackers coming after protestors and they were beating them pretty savagity with a baton. And it really added a bit of a new dimension to a pretty fast that until now, weve been watching over the past seven weeks and been surprised by the momentum it sustained and surprised the fact that carrie lamb is continuing to maintain ground. David carrie lamb denied the attackers on the protesters came from the government. Is there a sense that the government is behind the attacks . They did really attack the protesters. You know, that would all be speculation at this point. She and the Police Commissioner had a very somber press conference that came out with a lot of officials. And they really dug their heels and they said that these attackers were no
Expecting from that Earnings Report out tomorrow. Im melissa lee, this is fast money. On the desk tonight, tim seymour, bono win, dan nathan and chrisser is roan we start off with the wild ride on wall street today the dow is down 466 points at its low but finished 160 points up the s p 500 shedding half a percent. The vix mirroring the markets move, hitting 18 for the First Time Since may before pulling back some, still higher, closing above the 16 mark. But one sector stayed under pressure all day, than would be software stocks. The igv closing below its 50day moving average for the first time in more than three months one big drag on the group, data dog, the Cloud Computing company slashing guidance, seeing shares drop 20 thats its worst day since the start of the pandemic. So, did the news pull a pal over the whole a. I. Trade add that into your action, dan that was trouble its less about a. I. And more about a rising tide lifting all boats. When you think of the consumption space
The Julietta Jarvis Foundation was honored at the Texas Rose Festival gala Thursday night at Willow Brook Country Club for their contributions to the Rose Garden Museum.
Pulse Oil Corp Announces Rights Offering to raise $4,156,000 and Provides Operations Update streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.