Interesting times michael take us inside the pentagon at a time like this whats the mood there. Well there are still Interesting Times and right now everyones on much greater alert today we just saw this just in the gulf in the persian gulf with the buzzing of u. S. Naval air u. S. Naval ships and so but i also think its a time where countries may start taking advantage because of the focus of the United States on the coronavirus the the breakdown of its of the entire economy and the need to get back to work and and peoples jobs so people are focus inward and meantime other activities are going on were seeing an uptick in syria the israelis have begun intensifying its amins in the in syria against their iranian and as bala targets and were seeing it israel now trying to coax the United States to. Instigate act actions inside of iraq and order to. Get a response from iran and and then we see this action of the of the threats from pump a 0 to ship and the president really to shoot out. T
Quite the bottom. Where we havent quite seen. Theyre going to be in this old beat oversupply situation where. Many months. I have to say in all seriousness that the collapse in oil prices is a danger for the Global Economy. We certainly have plenty of oil. Also coming up another victim of the virus but there will be no drowning of tears in beer for 2020 the munich october fest is tapped out. Which is painful for us its a great pity because with many things this is not a normal year and this is suddenly going to be a year without the 1st. And to our viewers on p. B. S. In the United States and all around the world welcome we begin the day with the unexpected and unintended consequences of battling the coronavirus much about our world at the moment can be described as unexpected almost accidental who would have imagined just a few months ago that we would all be living in lock downs working from home or losing our jobs altogether our world tonight requires a lot less fuel and energy now
Directly with the secretary of defense and what the old chinese curse calls Interesting Times michael take us inside the pentagon at a time like this whats the mood there. Well there are still Interesting Times and right now everyones on much greater alert today we just saw this just in the gulf in the persian gulf with the buzzing of u. S. Naval air u. S. Naval ships and so but i also think its a time where countries may start taking advantage because of the focus of the United States on the coronavirus the the breakdown of bits of the entire economy and the need to get back to work and and peoples jobs and people are focus inward and meantime other activities are going on were seeing an uptick in syria the israelis have begun intensifying its amins in the in syria against their iranian and as bala targets and were seeing it israel now trying to coax the United States to. Instigate act actions inside of iraq and order to. Get a response from iran and and then we see this action of the
Any mutualization. Vonnie we are seeing a nice bounce for equities today. The dow in the s p both up 1. 5 to 1. 7 . The nasdaq up 2. 1 . All Industry Groups in the s p 500 higher, even though we are off our highs for the day. The one teetering on the edge is the home wherein transportation index, but they are basically flat to down 0. 1 or so. Some good earnings overnight. Many companies, including kimberlyclark, just getting rid of guidance altogether for the year because it is just impossible to know how the rest of the year is going to pan out. The likes of twoputt lake the likes of chipotle up, and Companies Like halliburton up. Diamondback up 8 , bouncing after getting absolutely hammered the last couple of days. Lets carry on the conversation about what is happening in the crude market, a big focus right now. Following that report on inventories. Weve also got the president s comments on what could happen the gulf when it comes to iranian boats. That is having an effect. Brent bo
Is the Oil Price War between saudi arabia and russia about to end crude prices enjoyed that biggest have a 1. 00 day rally after the us president raised hopes of a truce will donald trump intervention be enough and whats the impact of the rift between the oil superpowers this is inside story. Hello and welcome to the program im Bernard Smith over the past month 2 of the Worlds Biggest Oil producers have been in dispute about how to respond to the coronavirus pandemic demand collapse stuff to add lines grounded the planes factories shut the doors on countries impose travel bans crude prices fell further when saudi arabia and russia couldnt agree on cutting supplies to try and force Prices Higher now u. S. President donald trump is suggesting the feud may soon end saudi arabia has called for an emergency meeting of Oil Producing nations some era challenge reports signs that an oil price will between 2 of the worlds biggest producers may and so with the biggest one day leap on record and