And you say well how can you spend negatively to buy oil and theres some technical things going on here this is the price for the may contract and a lot of the declines can be attributed to technical reasons there and low Trading Volume that exacerbated the swings but even if you look to june the price per barrel is down around 20. 00. 122. 00 barrel dollars per barrel and that is still a huge plunge and a huge concern for Oil Manufacturers here in the United States who are struggling to survive in the midst of this competition internationally. And this glut of oil so very drastic turn on wall street bringing the market down with it overall chris salumi with the latest there from new york kristen for the moment thank you and lets across store economics editor of it ali who joins us now live with russia saudi arabia agreed to was a lot of press that had cut it out but i think it was about a 10th of production nearly 10000000 barrels a day to try to boost the markets that were hit by the
The u. S. And china announced they will hold trade talks in the coming weeks. To visit washington in october. Asiay markets again across with rallies in europe and the u. S. The yen and gold take a hit. And boris is beaten again. Armament rejects a Boris Johnsons demand for a snap election as a bill to stop no deal brexit gains momentum. The first, tome my knowledge, the first leader of the opposition in the democratic history of our country to refuse the invitation to an election. Matt good morning from berlin to less than a half hour away from the european open. Taking a look at treasuries. They cant make up their mind and you see this when you look at other safe haven assets. For example, the yen of lost a lot of ground and is now coming back. We are quite sure whats going on. Indexes in hong kong are dropping. Verywhere else, we are seeing gains. We are seeing gains. They are all solidly in the green. Up. 8 . Dax futures ftse futures up more than. 5 right now. And anna, there is st
Shame on you second, it was a wild ride the dow finishing up and then finishing lower, all this because of what else, the federal reserve, fed chair Jerome Powell and other officials tempering hopes of a rate cut dow and s p posted their worst days of the month. It was the nasdaq, some of your favorite tech stocks took the brunt of the beating the faang, bit microsoft, alphabet, down 3 facebook off 2 . You get the picture. Guy adami. Yes, sir. Fracas, fracas, what do we make of what the action was today . Is that how sensitive this market is to the fed thats the refor t rhetorica question the fact that we get to 2950 again and again and fail, i think it is problematic. We do it when the vix gets down to 15, pete can speak to that, levels where the last six to eight months the market has topped out i think the market is overestimating the power of the fed. I think unless we get a trade deal, which i dont think were going to get, i think we roll offer at these levels. You just gave a lot
Was separated into two items, items 10 and 11. For members of the public who are calling or listening in the webex web webinar. The password is 05 17, and the access code is 2598901. Numbers for 156550001. And im next. We have our land acknowledgment. Oh, just one moment. The Building Inspection Commission acknowledges that we are on the unseated ancestral homeland of the remotest aloni, who are the original inhabitants of the San Francisco peninsula. As the indigenous stewards of this land and in accordance with their traditions. The re matich aloni have never seated, lost or forgotten their responsibilities as the caretakers of this place , as well as for all peoples who reside in their traditional territory. As guests. We recognize that we benefit from living and working on their traditional homeland. We wish to pay our respects by acknowledging the ancestors, elders and relatives of the remote official learning community and by affirming their sovereign rights as first peoples. Tha
To make a note that there is a correction to the agenda. Um and item. Nine should be deleted. It was separated into two items, items 10 and 11. For members of the public who are calling or listening in the webex web webinar. The password is 05 17, and the access code is 2598901. Numbers for 156550001. And im next. We have our land acknowledgment. Oh, just one moment. The Building Inspection Commission acknowledges that we are on the unseated ancestral homeland of the remotest aloni, who are the original inhabitants of the San Francisco peninsula. As the indigenous stewards of this land and in accordance with their traditions. The re matich aloni have never seated, lost or forgotten their responsibilities as the caretakers of this place , as well as for all peoples who reside in their traditional territory. As guests. We recognize that we benefit from living and working on their traditional homeland. We wish to pay our respects by acknowledging the ancestors, elders and relatives of the