Very significant especially after all this long time of conflict on the ground as you know that head of the United Nation support the mission in libya veni williams the acting head just stated that this is a historic achievement that has been achieved by the rival factions it did seize fire it says it sees a permanent ceasefire agreement is to be signed by. Rival delegations those that representing the world have to and the others are presenting the internationally recognized government of National Accord but the question now remains whether or not this agreement will be empty mental on the ground and as you know have been violations of the cease fire agreement that was declared and the passed by the internationally recognized the Prime Minister face a large and the poor House Speaker of the eastern of parliament again when they both declared a cease fire last august after those forces on the ground also continue sending the enforcement to the front lines in the areas of the city it of
Well as in london. We begin with a biggie week a busy week for Central Banks. Bank of japan says they will take on unlimited buying of Government Bonds, lifting the cap also on corporate holdings. I, he joins us now. , kitchen sink, we are still throwing it. Michael Central Banks are all as string the question of what you do when you have throwing the kitchen sink. In the back of japans case, you just make the sink a little bigger. The bank of japan already has negative rates, Corporate Bond and etf buying, and an emergency Lending Program, so they just decided to make those programs a bit bigger. Unchanged at rate 10 basis points. Remember, they do yield curve control. They mentioned they would buy as many Corporate Bonds as they need to and expanding access to its Emergency Loan Program for a wider range of banks. For analysts, theres a bit less here than meets the eye. They dropped their ¥80 trillion limit on Government Bond buying, but they werent buying anywhere trillion, so it d
Many citizens are demanding an end to stayathome orders right now. Well have the very latest on this revolt. One country, south korea seems to be doing right. All that and so much more on making money. Charles all right. Stocks under pressure all day long but it is crude oil the center of attention, folks. The may contract down 98 , a record low. On friday, Energy Companies ironically they were the biggest gainers in the entire market even though crude was down we had a great guest on, a oil executive. We wondered what he thought had to happen with the commodity price. He said that the oil industry had to do something it never did before. Take a listen. The choice is clear right now. We have twoways we can go about this we do nothing. That will lead to single dollar oil prices. It is going to decimate the domestic industry. Over a million jobs will be at risk and it is going to increase our dependency on foreign oil. Or we are part of a Global Solution to what is clearly a global probl
At a 10 plus number for on them limit on friday. The dow jones is down zero point 3 . The s p is positive by just a point. The nasdaq is down by four points. Very Little Movement right now, at least around these indices. The dollar index is stronger today at 100. 18, as the said continues to as the fed continues to invent ways to get money into the economy, the latest to get banks to breach their leverage ratios. What is going on in europe right now, guy . Guy as you say, the dollar is creeping up, which means the euro is going down. The euro a big component of the dxy index. The dollar regaining a bit of traction right now despite the fed efforts. European stocks down by about 0. 6 . The only sector in positive territory is the oil and gas sector, given the climb we are seeing in crude prices. Brent is up by 5 on expectation for the president that a deal can be done between the russians and the saudis. Eurodollar now with a 1. 08 handle. Down at the bottom, youve got a bit of an offer
The slowdown in deaths in spain and italy are the few bright spots across europe and some countries gradually start to reopen. Brazils president joins a rally against isolation measures put in place by state governments. A grim economic fallout of the new coronavirus pandemic for the 1st time in history u. S. Oil prices have crashed below 0 dollars into negative territory thats because theres more oil in the market because of low demand and producers are running out of storage lockdowns around the world in response to the coronavirus have produced a massive slump and demand for energy u. S. President donald trump says a collapse in prices is short term and suggested that it could even be a positive thing for america. Based on the record low price of oil that youve been seeing. At a level thats very interesting to a lot of people were filling up our National Petroleum reserves through dziedzic you know the Strategic Reserves and were looking to put as much as 75000000000 barrels into th