tokyo down almost 2%. europe has closed down. stock index u.s. futures mixed here. u.s. interest rates the story. rates climbed to a three-year high. the yield on treasury note, 2.78%. that suggests a slowing economy ahead. tech stocks tumbled. a key inflation gauge is due in just hours. likely to show red hot inflation. u.s. oil prices dropping sharply. they re at the lowest level since the start of russia s war with ukraine. u.s. crude falling 4% monday. 94.29 a barrel. that s the lowest since february 29th. that was over $130 a barrel. the latest selloff is driven by demands for oil as shanghai and other cities have the covid lockdowns. worries about slower economic
his lawyer back in january promised that there would be no further foreign deals, but now it s thought that he could be laying out the groundwork of potentially doing many more chinese deals after his presidency. so it is quite controversial. looking at the markets, a lot is happening in the fact that just within this last hour or so we re now hitting new lows in oil. crude falling below 50 for the first time since december. so the nymex trading around $49. now brent is around 52. it had its worst day yesterday in 13 months settling just above that $50 mark for nymex at a three-month low. this is all down to the eia data that s shown us this massive ballooning taking place in the inventory data. that had an impact on equities with the energy sector off the most. lisa boyson live from london. thanks so much. investigators are racing to figure out how thousands of alleged documents were stolen from the cia. senior intelligence official has