Numbers, 8 30 this morning. We knew it was going to be bad because bricks and Mortar Stores have been largely shut down, and it was bad. April sales down 16. 4 in april after dropping 8 in march. So heres the market, with just minutes to go to the opening bell. Red ink all over the place but not as bad as it was. The dow off about 180, 25 down for the s p, 121 down for the nasdaq. Thats of course inspired by apple, which is way, way down this morning. What were looking for is how fast we can rebound on the other side of this really bad Economic News. Thats the other side of the coin. The great reopening. Which gathers steam this weekend. There are only a handful of states that are still trying to enforce a complete lockdown. This will be a test of our willingness to get out and about, our willingness to travel, eat out and shop. This is important. We need to open the economy. We need to get back to work. This weekend, i think its a prelude to memorial day next weekend which is the unof
Markets and how they work based on how we study them here. Look, we think we can go out, trading stocks, and not get killed. Their relationship now extends five decades and led to the beginning of dimensional, a nearly 600 billion Institutional Fund manager. David every new paper coming out was a landmark paper. It was all brandnew stuff. And none of it was being applied. Narrator the two recently sat down at the university of Chicago Booth School of business, named after david a widespreading renovation in 2008 for a wideranging conversation with very on a very special masters in business. Barry during your last year at tufts, you worked for harry ernst, who had a side gig running a stock market forecasting service. And you did research for him. What sort of work did you do with this stock Forecasting Research . Eugene i was evaluating schemes to beat the market. [laughter] barry and how did that work out . Eugene it worked out fine. [laughter] eugene on the data that i fit it to. It
Were allocated to the domestic sector, while last year on the same day, march 8th, the consumption of our domestic sector was around 55 million. The National Gas Company announced that the Gas Transmission and Distribution Network throughout the country is stable we do not have a gas cut in any part of the country, but in the coming days, some of our cold provinces, such as mazandaran province, north khorasan, razavi and south provinces, and their pressure situation is not favorable at the moment, their stability is established, but if the cold continues and the consumption will also increase. If this intensity increases, we may face challenges in the coming days in these provinces, if the Pressure Drop continues and continues , there is a possibility of gas cut, and on the other hand. However, following a few Simple Solutions at home can prevent restrictions in the gas Network Across the country. With one change using the right cover, reducing the temperature of their Heating Systems
Attract investment. There are lots of places we will invest based on what is attractive to our shareholders. Ryan sony people i talked to said the Service Contracts t hat iran is offering now just are not competitive enough. You agree with that . Bob dudley hypercompetitive world is oil and gas. Whatever is being offering had to be very attractive. Ryan what you are hearing as iran speaks to the market, how do they compare . You mentioned mexico. Are the terms mexico is offering more competitive . In mexico the terms are vastly adapted to the change in oil price. I do not think any terms are out there that are clear yet for anyone. I think mexico it will be clear in the second half of the second quarter. Ryan some people in the market think that russian oil will decline. That million and a half barrels and excess supply, that will take it off the market. Oilou see russian output climbing . Declining. Think flat is more likely but i do say u. S. See production decline. Everyone hasng be
It has been a big week in terms of centralbank policy. We will talk much more about that. No incidents that the dollar had its worst week since 2009 and the miners had a twoday pop. Credit squeeze earnings, and unforgiving market punished the stock. Bnp paribas, you wonder what is going to happen at the open. We will talk about that much more. I am curious to know how the communication strategy is working right now. ,hy the analysts are so off particularly with the Banking Sector. Why are they being caught by surprise . Who is communicating well and who is not . Central banks, we need to bring into the conversation as well. Lets get you up to his. Here is caroline hyde. Caroline the u. S. Dollar heading for its worst week since 2009 as traders bet the Federal Reserve will hold Interest Rates unchanged this year because of a weaker Global Economy the the demand for Government Debt has sent japan 10year bond yields to a record low. Oil has slumped towards its first weekly decline since j