Hardpressed drillers . We will ask. Now we are quoting the next contract for june delivery. The price coming in at, where was it moments ago, what was it, 15, 16 a barrel. The president will fill the Strategic Petroleum reserve with up to 75 billion barrels. That helps storage capacity. But it makes no impression on collapsing demand which is at the heart of the oil price problem. A lot of people expect that that price, the one we see right now, what was it, 16, 15 a barrel, expect it to down from here. Well see. Stocks, theyre down in part because of the Oil Situation. Its another indicator of how badly the virus is affecting the economy. Investors not happy about the demise of Americas Energy industry. The dow will be down 500, s p, lets see, 54 points down and the nasdaq down about 82. A small loss in percentage terms compared to the dow and the s p. Well, the president s twitter account active last night, late last night. He called the virus the invisible enemy and said he would is
Its a Beautiful Day and i cant stop myself from smiling. I know theres no denying. Its a Beautiful Day, the sun is up, the musics playing. Cheryl it is a clear, Beautiful Day here in new york city. Good morning, welcome to fbn a. M. Im cheryl casone. Lauren it actually feels like spring. Good morning, im lauren simonetti. Cheryl lets look at how your money is moving this morning after the s p set a record last night, we have green arrows across the board as Fourth Quarter earnings kick off. We start this morning, jp morgan, citigroup, wells fargo, the trade deal with china about to be signed. Lauren this is helping sentiment in asia, sending mondays session mixed for the most part. The shanghai composite was down overnight. Cheryl you have green arrows in europe, the ftse 100 out of london, that market is p up three quarters of a percent, cac and dax higher as well. Lauren back to china. Fox business learned some key details in what is in the phase one trade deal with china. The deal i
Lauren president of catalonia backed off of bid from independence, stock soaring. Cheryl kospi up another 1 . Fbn am starts right now. Lauren it is 5 01 a. M. Wednesday, halfway through the week. Im lauren simonetti. Cheryl good morning, im cheryl casone, the markets again records across the board. Lauren Morgan Stanley is calling the rally epic. Enjoy it, check the 401 k . We have new allegations to tell you about against harvey weinstein, actress paltrow accusing that he harassed them and women of rape, reportedly in sting operation, weinstein was aggressively trying to persuade and i tat alian model to come into his hotel. I dont feel comfortable. Im not going to do anything, i swear on my husband. Im feeling very uncomfortable. Come in now and you if you want to leave why you touched my breasts . Im sorry. After about 30 minutes he asked to excuse himself and go to the bathroom. He returned in nothing but a robe with a front open and he was butt naked. Cheryl weinstein spokeswoman
Phillies and padres start at 3 05 and then by then we should reach our high of 62. Mostly cloudy and breezy through the day but by 7 00 when game is over it is about 58 degrees and that is your forecast for not only the phillies but for all of us. Sixtytwo is better then it was over the weekend every. 7 00 seer he one. Good monday morning. A lot going on. I95 northbound they have just opened up this one lane again, and all lanes have been block for the last five or seven minutes though. North bound i95, approaching 476, you will because of that multi vehicle accident. We are jammo from pretty much high land all the way up to approaching the blue route. Look at this, we are already stacked and pack here, a lot of folks, probably late getting their flights there at philly interest 3459. Another accident, southbound lanes, of the blue route, 476 right here near route one, getting word of an accident west on the schuylkill expressway out near belmont avenue. We are bumper to bumper from ap
Reitivityins, and can you feel that the market wants to test that on the s p. Personal the dow is not making a high. It continues to march higher which is a very, very positive sign. You inclined to still be in this long. Im inclined. I would think it would get a little more defensive and i think it will hit real resistance there and then back o. Every time it backs off theres always plenty of buyers around. So far. Get home safe, my friend. That will do it. Well go out midrange and call it as the markets in new york, boston, all over the northeast are getting ready for the blizzard. All of you get home safe if you havent already. The second hour of closing bell under way right now with maria bartiromo. And it is 4 00 on wall street. Do you know where your money is . Hi, everybody of welcome back to the closing bell. A stormy closing bell. Im embroemo. T the s p posting six straight weeks of gains for the First Time Since 1971. See how were settling out on wall street. The Dow Jones In