And the pandemic could double the number of people going hungry around the world. And finding ways to stay in business how small shopkeepers in iraq is survival in the coronavirus restrictions. Now with the pandemic throwing world all markets into turmoil donald trump says his government will bail out the u. S. Industry the president told his energy and treasury secretaries to formulate a plan to make Funds Available to ensure the survival of american oil and Gas Companies well that follows an unprecedented collapse in u. S. Prices because of a plot in supply the u. S. Futures market dive deep into negative territory for the 1st time ever on monday the lowest the price of the benchmark u. S. W. T. R. Blend sank to minus 37. 00 a barrel the International Benchmark brant crude is trading at around 20. 00 a barrel but thats still its lowest price since september 11th attacks in 2001 we have gay. Real amazon though on wall street tracking the fallout of the us oil crash but 1st our White H
The use of the tik tok social network in the United States was on the verge of being banned with the approval of a bill in the subcommittee of the house of representatives. According to this bill, if the Chinese Company that owns tik tok does not transfer this network to an American Company within 6 months, it will be banned from operating in the United States. Will be tiktoks access to the information of 170 million users has turned it into a propaganda tool for the Chinese Communist party. With this chinese social network, any imaginable information of american users. It gathers that america has already used tik tok in Government Agencies had banned it. American officials said the purpose of this action was to protect the information of american users against chinese abuse. I dont want to get into technical reasons related to national security. But our concern is related to Data Retention and possible misuse of that data and privacy information by foreign actors. About a year ago and
Notched the first record close since november of 2021. It was up. 90 . It wasnt the only index to set a record. S p was up, too. The 14th record of the year. The dow broke a threeday losing streak and trading off. 75 . Nasdaq 100 set a record yesterday. If you look at treasury yields on this first trading day of march, you see the tenyear yielding 4. 227. Twoyear yield at 4. 58. And Congress Passed the shortterm funding bill sending it to President Bidens desk last night. It averts a partial Government Shutdown that would have happened this weekend. It is part of the broader bipartisan deal to push back the deadline for 6 of the 12 spending bills tofund the agencies until next friday and the remaining six until march 22nd. New York Community bancorp shares plunge after replacing the leadership. Leslie picker has the latest. Reporter andrew, good morning. The latest news is just salt in the wounds of investors who held on to new York Community bancorp shares through the year. The stock
Neil not roaring like a not lyanne but it wont go out after a lamb after the two months weve seen with these markets and not looking at the nasdaq and s p, building on records yesterday and acknowledging investors are chasing of the day. Artificial intelligence was a big deal last month, one of the smartest people on the planet tell us it will be a bigger deal this whole year. Ubss ai excitement fueling another 20 rally from here, the s p 500 this year and arrayed domino says things might get crazy but are far from crazy right now. As we set up on the third month of training, whats next . Lets ask ray want, gary k kaltbaum. Ray, what do you make of this . Its too fast. Another 3 or 4 , calm down, what do you say . The market has a lot of room to grow even if nvidia hits 900, we have the beginning of the ai age, thats just hardware, we have areas around software that will grow, companies that make a lot of advancements and service companies, this is like the beginning of the internet. W
Ferro, Lisa Abramowicz, and in reordering. Jonathan your equity market is lower. Kicking off the month with that stock is down. We are plunging 29 . These are the issues, discovery material weakness, writing down the value of companies required and replacing leadership over it and why bc. Lisa the kitchen sink was about loan mark reserves and everyone says this is because they crossed the threshold. This raises questions of if it goes deeper than that which to be is more concerning an speak something about the risks of rates remaining higher for longer. Jonathan all things you dont want to hear from, related to internal review and resulting from ineffective oversight and monitoring activities. Annmarie everyone has come out talking about this was it to this bank and not to other banks in the abc. You have to think jay powell is going to be on the hill talking to senators. He is going to get asked about what is going on under the Banking Industry and if there are larger concerns wider c