Its not difficult to be crabby when you are basically living hand to mouth with government stimulus. I thought that encompassed the markets perfectly for a day like today. A lot of earnings coming out. Delta looking at a 50 cut in daily cash burn by the end of june. In terms of their First Quarter loss, they had about a . 51 loss , and revenue was down 18 year on year. As we expected, pretty brutal when it comes to delta. Baker hughes, oil services company, saying the outlook for oil and gas is certain. No kidding. The revenue down by about 4 year on year. 0. 11, acoming in at little bit light. Lets get you some of the headlines here. All of todays market moving news from new york, as will is washington. Brent crude getting sucked into the lowest level since 1999. Bloombergs part two thought to be role bloomberg spoke to thought he be role spoke to fatih birol. Some of the countries are cutting their production earlier than announced. Others joined them. If others do not follow the ste
Trading. Check it out, 40. 21. The last time you saw prices like this it was 2009. March of 2009. We were in the midst of the financial crisis. It was a lack of demand. This time around its not just a lack of demand for slowing economies like china but also massive amounts of supply. Well talk a lot more about whats happening to wti but right now barely holding on at 40 dh 40 dhr 40. 21. The shanghai composite closing down by more than 3 and in europe greece making a 3. 5 million payment to the ecb on a maturing government bond. Athens using money from the latest bailout. Back here in the states a few economic report of note, weekly jobless claims at 8 30 a. M. Eastern time and then at 10 00 existing home sales. We got a couple of other big stories in focus right now. Of course the fed is on our mine. Yesterdays release of the minutes from the last fomc meeting raising a number of questions about the timing of a possible rate hike. Its the question we talk about virtually every day and
Im anna edwards. Matt and im matt miller here in berlin. Risk lets put up the radar and show everybody where we are on the overnight session, the asian trading day higher on equities. The msci asiapacific of 5. 8 . Of by. 8 for the price of a barrel of crude. Were indiana and will get more from manus shortly on the program indiana. The russians talking about the option for a further extension. So these facts very much in focus and is the move in the dollar, a little weaker on those sentiments. Concerns about inflation lead to questions about what happens thereafter. Matt that was interesting to me, we saw treasuries yesterday actually get on up, which at that was fascinating, after the notes came, the minutes came out , we saw note get off. Right now are looking at 2. 25 as the yields on the teen your climb back up a little bit today. Fallen by 1. 3 yesterday. Maybe stabilizing today. Then you see the renminbi right now down a little, but it had gone up yesterday as well. For is how ma