Wrapping up talks with house and Senate Republican leadership. Lot of talk about that here. But trump and House Speaker paul ryan describing the meeting as, quote, a positive step toward unification. Okay, you can read not yet at unification, not all the trump news is coming out of d. C. Plenty of trump pepper at the salt conference. Thats the skybridge alternative conference in vegas. Former House Speaker john boehner departing from the current speaker and throwing full support to donald trump saying anyone who thinks donald trump cant win, quote, just watch. This is the trump Fundraising Team uses this very conference to strategize and raise hundreds of millions of dollars for the president ial race. One of the houses most conservative congressman reacts to trumps day on capitol hill. Congressman Nick Mulvaney here live along with ed rollins and Julie Roginsky, on all the a no republican side but wait until you hear what bernie is saying about hillary. Were not talking all politics a
China sees signs of stability, the pboc saying the economy is on track, while the Exchange Rate remains solid. Follow me on twitter at rishaadtv, and use trendingbusiness. The session underway in 30 minutes. Well,g at singapore as but so far its all about gdp in japan. A disappointing read out of japan this morning. We are still growing, but certainly growth is narrowing. Taking a look at the impact on sentiment, lower in terms of the nikkei 225, well off session lows, down a 10th of 1 . Taiwan flat. Singapore lower, 4 10 of 1 . Were expecting Sales Numbers to come through as well. 1 . Ysia down to 10th of the aussie dollar weaker today, and kiwi stocks up by the same amount, call it flat. The market digesting the japanese numbers and onappointing china numbers friday, not painting a rosy picture of the regional economy. , it hasioned sharp surged 17 , the most since june 24. Ministry, the chinese of commerce and saying they have given the greenlight for that cash injection. Shaas now
Afternoon, stocks bouncing off the lows, but we have had so much volatility, so much bouncing around of the major averages. Right now, it looks like oil and stocks are tracking relatively closely together. Take a look. This is the intraday basis, and oil and the s p 500, so if you take the bloomberg apparently, we cannot do that, so i can just tell you we have got a Technical Glitch here. We are seeing oil, which has been trending lower. Right now, it is down about 5 on the day. We had the International Energy agency come out today and say essentially that supply remains ample, and, in fact, even more ample than their earlier projections, and then we had the Energy Information administration here in the United States saying that Shale Companies continue to pump more oil than anticipated, so and ite on oil prices, also affected stocks. Now, in terms of the sectors that this is effecting, we are seeing energy stocks, as you might imagine, the clyde. I natural stocks feeling pain followin
Iea saying the global glut say that ten times fast is bigger than thought. And the risk of Oil Prices Falling further has increased. That this has nearly every oil Company Stock lower again today despite some of the bigger names likes exxon, chevron, shell and others being in the middle of a mini rally this month. Self ron up 2 this past week. And exxon mobile up about 6 . Joining us now chris kelly, he covered the oil sector for janice. Chris, listen, lets try to focus the whole story through one stock. That is a name you like. Enterprise products, he pd. Their numbers werent terrible. Their earnings per unit down a little bit but better than expected. Volumes, okay. Gross margins, okay. Yet the stock is being absolutely pumeed. Are we seeing and this maybe is just one example of it indiscriminate selling at this point without regard to fundamentals . Hi brian thanks for having me. I think we are having some technical macrodriven elements of the market outside of fundamentals. To be c
Was unexpected by most people i know i hear that nobody expected it. I do want to take some credit for expecting it with my if colleague who is a fellow fellow in our book, we explain what our view was, we published some time ago, we anticipated this. We were voices in the wilderness during the heyday of peek oil. Technology improved and it improves fastest in area of inhere inherent advantage. Last year was the fastest single increase since the dawn of the oil age a century ago. Total Oil Production in america went up 4 billion barrels a day in the last seven years. That comprised more than threequarters of the total worlds increase of total oil supply. If the shale fields were a country, they would be a fifth largest hydrocarbon producing country on the planet. This did not come about because somebody discover new oil. These shale fields were mapped out a century ago. Weve known theyve been there for a wheel. We know it contains ill and gas. Gio physicists have been aware of this for