Wrong the bottom line on u. S. Politics and policy is a matter of fact on the world. Hello daryn george this is counting the cost on al jazeera your weekly look at the world of business economics this week. A battle for the heart of opec who will capitulate 1st putin all m. B. A. s as a price war decimates the markets. Will the most liberal democratic nations by beijings Ai Facial Recognition Technology to control their citizens. And the lebanese lived a dream that was a delusion while lebanon was drowning in debt words of the Prime Minister of his country defaulted on its debt for the very 1st time. Well at a time when the world is dealing with the fast spreading coronavirus that has decimated supply chains induce panic buying and grounded flights the last thing it needed was 2 nations declaring economic war well saudi arabia and russia have been working together to prop up oil prices for the last 3 years but fell out of a riyadhs insistence that they agreed to cut oil supplies by 150
Shah Mahmood Qureshi talks to aljazeera. Hello im daryn jordan this is counting the cost of aljazeera your weekly look at the world of business and economics this week. A battle for the heart of opec who will capitulate 1st putin all m. B. A. s as a price war decimates the market. Will the most liberal democratic nations by beijings Ai Facial Recognition Technology to control their citizens. And the lebanese lived a dream that was a delusion while lebanon was drowning in debt words of the Prime Minister of his country defaulted on its debt for the very 1st time. Well at a time when the world is dealing with the fast spreading coronavirus that has decimated supply chains induce panic buying and grounded flights the last thing it needed was 2 nations declaring economic war well saudi arabia and russia have been working together to prop up oil prices for the last 3 years but fell out of a riyadhs insistence that they agreed to cut oil supplies by 1500000 barrels a day the reason was simpl
Continue on funding for u. S. Coronavirus response in house and Senate Negotiators are working on a total Funding Amount and the house is exciting to see a bill early this week with the Senate Taking it up after the house. Gary shapiros president and ceo of the Consumer Technology association and he is our guest this week on the communicators. Esther shapiro, what is the cpa and what do you represent . Guest is great to be back here. Thank you. The Consumer Technology association represents over 2000 American Technology companies and we produce the greatest, honest, coolest most amazing event in the world and that is the ces in las vegas. Host and will we will get to ces in a moment but who are some of the Member Companies . Guest everyone you check to see when you walk into your local best buy, walmart, but we also have sony and apple and you name it. 80 of our companies are Small Businesses but the 20 of the big ones we have everywhere from google to air b b to lift and the disruptor
At 1. 27. We hit the record low and we are sinking. Aboutl speak to kumar where he thinks this could be. And to be vicks future curve is in backwardation. Its elevated right now at 32, getting into the danger zone. 46. 40. E oil at the 10 year yield is actually off the chart. Guy off the chart is how these markets feel right now. I think the action is shifting, what we are seeing in germany is 75 for the german twoyear right now. Bit,uro is catching a really a big move in the euro, its another currency against the dollar, is this the end of the dollar run . Is it no longer the safe haven . I suspect the answer is that it probably still is, but we will see. Arere down by nearly 4 , we in correction territory for the stock 600, 400 is a really big line, thats going to bring us belownto resistance with the major moving averages, and we are now below the 200 day moving averages. You can see this is down 4 . Kumar with us, joining us now from los angeles. Year issee the 10 making new lows r
Economies . E two largest President Trump removed the threat of new tariffs supposed to go into effect suny. And he rolled back some others as well. But not all of them. M beijine promising to purchase american agriculturalg s. Its an event investors have been waiting for. While sedcks ral sharply yesterday on reports of agreement today they moved only slightly higher but enough forra relose on the nasdaq. The Dow Jones Industrial average added three points to 28135. The nasdaq was up 1 and the s p 500 was up just slightly. Both countries spoke about the phase one deal today. One offering up more details than the othe we have two reports tonight. Eunice yuan in beijing butbe at the at the white house. E after nearly three years of northbounding President Trump today hailing the first phase of a china trade deal as phenomenal. Iaaffectionately the farmers have going to have to buy larger tractors because it means a lot of business, a tremendous amount of business. The u. S. Says chio ha