Putting pressure on oil markets as well. And marie hoarder me for more. Walk us Annmarie Hordern joins me for more. Walk us through the veracity of the selloff, and does it last . Annmarie the next 24 hours is going to be quite bumpy for this may contract. Basically, it is Financial Derivatives meeting the physical oil market and what we are seeing on the storage side. If you are not out of this position financially and you are a futures trader, you have to accept the physical oil. The problem is, theres really nowhere else to put it. Look at cushing. That storage is quickly filling up, and that is the main hub in the United States, where you have pipelines to canada, the midlands, or the gulf. The may contract now trading at , which3, plus contango means if you look at the june contract, trading at about 23 a barrel, it is about a nine dollar differential, the most on record. If you look down the table of what you see for june, july, august, the prices are certainly higher on the futu
in kharkiv. they are blaming each other for serious deconstruction. what do we know about what happened and what is being done i guess to save lives and property here? reporter: the exact cause of a substantial explosion that destroyed this hydroelectric power dam that holds up the dnipro river remains under investigation. of course ukrainians say russian pre-mined it, in other words set explosives on that dam. and that the ukrainian side of the dam had been regularly subjected to shelling. rather the ukrainian bank. so that had been under russian control. but nonetheless 80 settlements the government here saying are being affected as this vast amount of water is unleashed. huge amount of the water of course that has been built up over the winter months, melt water building up the size of the dnipro river now being unleashed downstream, likely to affect kherson or parts, districts of the city recappturd by ukraine last year. but most of the flooding is likely to be to the e
investigators. for their part, they say trump s team will push the argument that he did not have classified information because he declassified it while still president. more now from jessica schneider in washington. reporter: new details about the fbi search of mar-a-lago are emerging as republican congressional leaders cry foul about the target and the timing. i know doing this 90 days before aen election reeks of politics. reporter: kevin mccarthy tweeting the department of justice has reached an intolerable state of weaponized politicization, warning about investigations if republicans take the house in november wri wri wri writing ag garland come and answer our questions about this action today which has never happened in american history. what was on the warrant, what were you really doing, what were you looking for, why not talk to president trump and have him give the information you are after? reporter: trump was in new york at trump tower when the search
We will talk with the former department of Energy Secretary ernest moniz. Elizabeth warren and mark warren have some new legislation they are proposing security for data. Thats all coming up from washington today. Alix really looking forward to mr. Moniz. Here is what you need to know. Sell u. S. Assets. Thats what happened when china came out and said they would be not buying any more u. S. Treasuries. S p futures took another leg lower on that news. The dollar took another leg lower since november. Treasury yields took another move higher on that news as selling persisted. 2. 6 is how we trade on the 10 year. A stones throw away from what Jeffrey Dunlop says will make the bear market in bonds final. Crude over 63 a barrel. Really skeptical if that can hold. Time for our first take. Jeffrey dunlop warning on the s p and finally oil and 80. I say no way. I dont understand it. Is is cory johnson and lisa abramowicz. Lets take a look at what happened to 10 year. A huge move as im leaving
Yield backing up about four basis points. We are now 25 basis points away from a bill gross who is now saying we could desk could be a could be a game changer. David a big day for earnings. Billion and18. 8 67 gspershare, dollar 1. 67. This be a pattern of earnings with 80 of companies. Alix revenue and sales on that. Energy leading the way. Conoco out with their earnings. A 2. 5ws come in billion, earning be as wells. As well. We saw the same thing happen with shell. The production missing a little bit. Up, 5. 5 billion so far this year. Cash flows at 2. 5 billion. What are they going to do with the cash flow . How sustainable is the higher cash flow . David we have someone joining us who will tell us. Dicker is looking at that. Alibaba announce their earnings and they beat as well. Per share. Yuan total79. 8 billion yuan revenue. 30 on theire back payment system. 33 on their payment system. Myx so i will put it in right pocket and left pocket and that is how we rounded out. David the