Oil Prices Surge and stocks tumble as barrage of missiles in the Middle East prompts supply fears in a region that accounts for a third of global oil production. Us Trade Paralysis dockworkers threaten to continue striking for as long as necessary with ports along the East And Gulf coasts remaining shut for a second day. Also on the programme, could technology bring extinct species back to life . We speak to the boss of a De Extinction Company hoping to resurrect the Woolly Mammoth. Live from london, this is business today. Lets start with the Middle East, where, as weve been reporting, israel has warned of grave consequences after iran launched a barrage of missiles at targets across the country on tuesday. Oil prices have been surging as traders fear a full scale regional war could disrupt Energy Supplies to the global market. Brent crude rose as much as 5 to 75. 40 a barrel in intraday trading. Lets Take A Look at the latest Oil Price now. Up up1. 36 , up 1. 36 , 74 up1. 36 , 74 and
Disseminated cancers at the pats would have been treated through curable if picked up 7 months ago because theyve not been able to see their doctors and theyve not been able to get in the hospitals for assessment and another colleague in Palliative Care says the same thing that theyre getting overwhelmed with palliation now of people who otherwise might have been treatable so its a good point we must remember that whilst we are all trying to save the lives of coated patients there really is a genuine big impact going on in the general population with treat diseases such as cancer thats a not getting treated that is a balance that we do have to address on the issue of the mutation viruses all mutate and in fact genomes new to it we know that there are vast numbers of minor variations in this virus already the one that was most dominant was known as a g d change its one of my no acid in the spike protein protein uses to attach to cells and the one thats now dominant is not the one that c
Other. Yesterday, down over 200 adding that, you are down more than 1,000 points of decline in early session right now. Well see what the market does as we get close tore reopening and of course to the closing bell today s p 500 down 33 and nasdaq down 101. The central bank indicated it would keep Interest Rates near zero projected that the u. S. Economy will shrink by 6. 5 in 2020. They do see a gain they are expected by 5 in 2021 followed by 3. 5 gain in 2022 and will continue increasing Bond Holdings and Mortgage Backed securities at 40 billion a month. Take a look at the 10year note, yield now sitting at 0. 698 . Crude oil prices have also come down a little too. Wti is down about 3 this morning. Ticking at 38. 38 a lot of this is because of what the fed is you no saying you are really expecting some tough economic sledding. The news out of 12, 13 states probably not great either. I think it would be hard for me to sell right now. You wait around. We dont invest. You would have wis
Barrier. Softbank is said to be planning deep cuts at the vision fund which could affect 10 global staff, souring bets on tech are takingke their toll. Haidi a mixed start to a politically driven status when it comes to the markets today as we get that precedent being set with that security bill as well as greater considerations over what kind of reopening and second wave issues we are seeing across the rest of the regions. We are seeing new zealand markets starting off the day with tepid gains. The session looks a little bit more muted for the rest of asia. We are seeing japanese futures as well as Australian Futures pointed a little bit higher. Those in hong kong seeing retreats. The npc is being i to be passing the Hong Kong Security eyed to be passing that Hong Kong Security bill. The u. S. Sees 100,000 deaths. We are watching the oil story, seeing whether this pause in the rally will continue given concerns about renewed production out of the likes of russia. Shery to our top stor
Payments to lower income households. Aid to households households with children. One year tax referral. Cuts, money handouts for businesses and households it seems like officials in tokyo are stepping up to try to support the economy as they look to implement an emergency lockdown as early as tomorrow. That is likely when it will be announced. It will be starting on april 8. We will continue to digest the details from that package. They did see a thousand cases in japan and we are waiting for more announcements from shinzo abe, planning to declare a state of emergency. We are still seeing equities heading higher. U. S. Futures falling. The press briefing from President Trump, perhaps there is light at the end of the tunnel. They are seeing some signs of stabilization when it comes to new infections. Europe is also seeing a peak in cases. Asia, we are up about 1 . It is still very much the oil story. Doubts about what a deal could look like, is the u. S. Going to be involved, is it cond