Our political machinations then sometimes we are, just watch closely and pick up a copy of the Financial Times or the london times, this is frontpage news every day over there, hard to say how the markets are treating this right now there is a school of thought that says the better joe biden does the worst the markets will react, another one that says if donald trump can come through this without overly picking on joe biden, he could do well himself. Again advice is pretty cheap these days. Sometimes debates do little to change the context of the election and sometimes it can reaffirm opinion, we will be watching that monitoring develops in washington with judge barrett, Amy Coney Barrett on capitol hill and she will be meeting with all the key republican senators including Mitch Mcconnell the Senate Leader and we will see senator tom tandsenator ann, here said d be open to meeting with the president Supreme Court choice at a time in a point before the confirmation hearing and they are
With our weather compared to yesterday. You can see the gray start to our day out of Treasure Island camera and looking at temperatures in the mid to upper 50s at this hour. Low clouds and areas of fog right around the bay with clear skies inland, once again. As we take you through her afternoon mid 60s in pacifica with clouds in the upper 60s in San Francisco, a mild day around the bay. 88 in san jose, heating up to 90 degrees for concord and livermore. We will talk more about the weekend forecast, i will show you futurecast in a few minutes. Back to you. I am kiet do, live work conditions are gorgeous for a good weekend to come out and enjoy the shoreline, that is good, at night the county officially opened the beaches this morning. It didnt matter because people had been overwhelmingly ignoring the closures so the county just gave in after nearly 2 months. The county Health Officer said she recognizes people no longer wish to be governed in this way. The original closure on may 2nd
Company holiday to the calendar. And he are everyone tz artz o raise serious cash thats all here on Worldwide Exchange on cnbc. Good morning, good afternoon, good evening. Welcome to wherever in the world you may be watching. Here is how the money, your markets are setting up their day. Stock futures indicating the dow is likely to rise at the open. It is early. We are in the green. We are 116 pointsto the future side as well snapping the threeday streak. It did during the second day o temperature. With that pull back, blue chips need about 1,862 to complete that selloff look at the wild swing after a relatively calm one. Watching the credit and bond markets as well. 10year at 0. 73 look at oil. New data that shows Venezuela Oil output has collapsed to 570,000 barrels per day. That is down from more than three plus Million Barrels a day. That is a 76year low in oil output for the most oil rich country in the world a true collapse of venezuela there. Wti crude is up to 38. 32 around the
Money away for loan loss reserves. Alison Williams Joins me now. What were some of your takeaways. [no audio] actually, we are still working on her audio, so lets go to Annmarie Hordern first. Part of what we heard was from fatih birol of the iea talking about how bad demand would be, despite any production deal. Annmarie some seriously drastic headlines out of the iea. The other part is what they are talking about what this means for storage. It is testing the logistic capacity to the limit. On the demand side, they see april serious demand destruction, down 29 Million Barrels a day. For the year, what that means is 9. 3 Million Barrels a day, the worst we have ever seen on record in terms of demand. What the opec cuts probably did was maybe pull us back a little bit from the brink, but not doing that much. You can see that with what is talking about in storage. They say that could be exhausted by the middle of the year. All of this putting downward pressure on the future prices. Wti
Protectionism is a drag anchor and governments are not doing enough. U. S. Agrees iran was behind the aramco attacks. Tehran denies that and warns of allout war if it is attacked. Shery lets get you started with a check of the markets in the u. S. We are seeing futures unchanged, after a mixed closed on this theres day. We have the dow moving more than 50 points. The s p 500 finishing unchanged. We had a boost earlier in the session coming from white house Economic Advisor larry kudlow sounding more optimistic on trade. Then we had another trump advisor hinting at 50 21 50 to 100 tariffs on chinese goods. Rising uncertainty on trade, not to mention the oecd cutting Global Growth forecasts. That led to our haven demand bonds rallying for a fourth consecutive session and the 10 year yield sitting at that 178 level. Not see how things are shaping up in asia. We are this friday, potentially seeing a muted start for asian stocks. Bonds drifting as treasuries nudge higher. Tensions will be o