Lots of earnings coming out. Ups is the latest. They are withdrawing their 2020 forecast for revenue, as well as eps, as we have seen from Many Companies trying to estimate the impact. Theirre withdrawing forecast. They are suspending the Share Buyback for 2020. We want to get you all of todays top moving news from new york and our london team. We want to begin with the volatility in the u. S. Oil market. Wti at one point falling below 11 a barrel. Bps ceo, after the Company Released firstquarter results which showed a 2 3 drop in profit. We have a situation where we have excess supply, and storage is filling up. Cushing is 70 full. People think we will reach completely full sometime in may. We are very fortunate to have a large trading organization, and they have been able to find a physical home for our crude, but not everyone is that fortunate. What is happening here is a very simple case of supply and demand, and the market really isnt going to find some stability until that comes
Iran after the government admits it and suddenly it accidentally shot down a ukrainian jetline. Washington aso china and the United States look to sign a phase one trade deal. Begin reporting with j. P. Morgan, citi, and wells fargo numbers due this week as Goldman Sachs says it plans to double its headcount in china. Good morning. David good morning. Matt good morning. We are looking at futures showing gains across europe. Take a look in terms of the dax and ftse futures. Cac futures are down just a little bit but we do see a gain on dax and ftse futures, just slight, but they are green arrows nonetheless. We see gains in terms of u. S. Futures. In fact, much more strong in terms of u. S. Futures much more strength in terms of u. S. Futures. Atdaq, s p, and dow jones. 3 . Anna lets take a look at where we are. That does seem to be on the move. It was flatter than that perhaps , just half an hour ago or so. Highera tentative push on asian equities. We are without japan. The philippines
Finance minister of britain america said france and the u. S. Should find a way to solve their differences without threats. For id like to remind you that it is the 1st time in the area of us friends relations that the u. S. Administration decides to launch an investigation within section 3016 i believe that between allies we can and we should tackle or differences in another way than threatening each other france is a sovereign state and it decides its own tax policies and will continue doing so in no sovereignty. Natasha butler has more from paris. Well the french finance minister Bruno Lemaire had some very strong words in the senate he said effectively that france doesnt take very kindly to threats from the United States now he was speaking in the senate that have passed this new digital tax law its imposes 3 percent tax on huge tech firms that are making more than 800000000. 00 worldwide but they have revenues of more than 30000000. 00 in france and i bruno live there said that it
About workers, Government Workers being put on furlough or having their pay delayed. Instead this deal pushes the can down the road for a couple of weeks they have passed a Stopgap Resolution that funds the government through to november 17th. At which point, the clock resets and we start again. What it does, as you say, is fund the government, what it doesnt do, is provide aid to ukraine, and it doesnt address the keyissue ukraine, and it doesnt address the key issue for republican, which is addressing concerns they have about the border, and so i think that is the border, and so i think that is the debate, that is where it shifts to next but complicating all of this, ben, is the fact that now, you have the speaker of the house, kevin mccarthy, whose position, Leadership Role is under threat because one of the hard liners in the republican party, his own party, has threatened to try and have him removed from position. So, the talks, next time round, could be even more fractious than w