Results of bad well crunch the numbers also coming up well talk to an expert about the challenges of financing a corona vaccine for the entire planet and and few offices of spooky sign of the pandemic but could it become the norm Companies Make big savings and we get to work from home. Ive been physical and lets see business British Oil Major be paid last 16800000000. 00 in the 2nd quarter as the coronavirus crushed demand for crude its the worst Quarterly Report for b. P. Since that Deepwater Horizon Oil spill a decade ago prices for crude have tumbled by a 3rd these year b. P. Says the prospects for a quick recovery are uncertain the collapse comes as big oil faces existential questions of a Climate Change in response to invest the pressure of b. P. Has announced a new green strategy to ramp up its investment in renewable energy. Oil prices havent been this low in a long time a Coronavirus Crisis so factories close around the world travel was bad and Global Demand naturally plummet p
Searching for direction. The latest round of trade talks between the u. S. And china are going to be hanging over o this market all week just days before higher tariffs are scheduled to take effect. Investors are trying to gauge what if anything are going to come out of these talks and so far theyrefa getting some mixe messages and that caused the push and pull that we saw today ending with the dow down 95 points to 26,478. The nasdaq was down 26. The s p slid by 13. Kayla tausche starts us off tonight from washington. Reporter roundnd3 of u. S. China trade talks kicked off in washington today. Lower level officials meeting to figure out a menu of items for cabinetlevel negotiators and potentially President Trump to take up later this week. With tariffs escalating in days, a potential meeting between trump and president xi in weeks and critical election primaries in months. Heres President Trump today. I think that well just have to see what happens. I would much prefer a big deal and
They push back against the newly imposed mask ban it is monday, october 7th, and Worldwide Exchange begins right now. Well, good morning, good afternoon or good evening are and welcome from wherever in the world you may be watching. Im Brian Sullivan happy monday thanks for joining us. Here is how your money, markets and Global Markets are looking dow futures are indicating that the markets will drop 136 points right now at the open. Remember, what we have seen at 5 00 a. M. Is that this trend tends to get magnified unless w see big data points that change it around. Not saying things will get worse but we have seen this tend to accelerate as the traders come into their desks in new york now in bond, no big Economic Data out today later on this week, yes. And no earnings out today but of course the big earning season hard to believe already kicks off next week. Right around the world you had china and hong kong closed for a National Holiday the japanese market down fractionally. 16 of
Be off the table stocks set to open lower. Underperforming, a status check on the now not so hot ipo market. And the nbas china headache, one managers tweet about hong kong sparking a business backlash and political firestorm. The dow and the s p now in the midst of a threeweek loss, despite a friday rally, which was the best one day performance since august were set for a lower open china reportedly looking for a limited trade agreement when talks begin with the u. S. Later this week. This bloomberg piece, guys, talking about how dont expect massive agreement this week, but who knows. Still early. Well, conflicting reports out of i felt the Administration Last week. On friday, larry kudlow, chief economic adviser, said, there could be some good things. But if you look at the agenda of what the president wants, it is the exact opposite of what the chinese said to bloomberg. President s hoping to see an end to the deal, intellectual property, hoping to see the end of the technology tran
The committee will come to order. We welcome our witnesses. Were here to have testimony from a range of industries to tell us about the importance of the United Statesmexicocanada agreement, and we soon are referring that to always as usmca. We look forward to hearing from our witnesses about the significance of the agreement to american businesses, both small and large, the workers, the farmers that we all represent. Thank you for being here. Mexico and canada are our countrys most important trading partners. According to the International Trade commission for the year 2017, more than onethird of americas merchandise exports went to mexico and canada. In that year mexico and canada imported more than half a trillion dollars of American Goods plus more than 91 billion of american services. For iowa our six and sixtenths billion of exports to canada supported 130,000 jobs. The foundation of our strong trading relationship with mexico and canada have been, thus far, nafta. The United Sta