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How low can or oil prices go crude oil drops below 30. 00 a barrel as a price war between 2. 00 of the worlds biggest producers worsens how badly will that hurt the Global Economy already suffering from a coronavirus pandemic this is inside story. Hello and welcome to the program im norrin taylor the coronavirus pandemic is triggering fears of a global recession businesses around the world the shot stock markets are suffering massive losses on top of all that an Oil Price War between 2 of the worlds biggest producers the dispute between saudi arabia and russia has already pushed the price to its lowest in 4 years brant crude dropped below 30 us dollars a barrel on monday Global Demand for oil was already low since governments imposed widespread lock downs and airlines grounded flights because of a disease you know a cartel ....
Top 325,000. Es italy stops all movement inside the country. President trump says automakers have the goahead to produce ventilators. Thezo abe says postponing olympics may be inevitable. Welcome to bloomberg daybreak europe. Morgan stanley adds its call to the list of all three calls on Second Quarter gdp. Claims. Jobless James Bullard of the fed talking about 30 unemployment in the u. S. He along with Neel Kashkari of the fed they the fed can do a lot more. But what is hitting markets overnight and in todays session is the lack of progress on the 2 trillion stimulus package in the u. S. U. S. Futures hit limit down after the worst week for the cash trade since the financial crisis last week. We broke through that no one the s p 500. We saw green on the screen on friday in europe but european futures taking a big hit with ....
Package amid disagreement on how to spend nearly 2 trillion. President trump says coronavirus measures shouldnt be worse than the problem itself. Europe tightens its grip. Leaders scramble to enforce unprecedented restrictions as 2000 more people die in italy and spain over the weekend. Angela merkel says she is self isolating after contact with a doctor who tested positive for the coronavirus. An hour awaynder from the start of cash trading across europe and it looks like it will be another risk off day as futures fall. Euro stoxx 50 futures as well as ftse and dax futures, down 4 . Futuresftse mib gaining, but i believe that is actually fridays trade, so that is not current live futures contracts. All life futures contracts are down, deep, deep in the red. If you look at u. S. Futures, we also see drops of about 3 across the major equity indexes, so s p, dow jones, and nasdaq futures all down. Its get into the markets with laura cooper, bloombergs mliv macro strategist. Laura, we hav ....
Place across the continent. Hello welcome to the Program Restrictions around the world are becoming more severe countries step up their efforts to halt the spread of the coronavirus iran has issued one of the most dire warnings so far saying millions could die if they continue to ignore advice and move around the country malaysias impose some of the toughest restrictions seen in asia or outside of china closing its borders and clamping down on movement on the same day it recorded its 1st death france has now entered a nationwide lockdown with thousands of police on the streets to find people if they cant prove they are buying food or going to work on the euro 2020 football tournament which was due to be held in 12 different cities across europe has been put back by a year well spain has reported another 182. 00 deaths that brings its total to 491. 00 and also has an 82000 new confirmed cases with infections that topping 1100 ....
How low can all prices go crude oil drops below 30. 00 a barrel as a price war between 2. 00 of the worlds biggest producers worsens how badly will that hurt the Global Economy already suffering from the coronavirus pandemic this is inside story. Hello and welcome to the program im norrin taylor the coronavirus pandemic is triggering fears of a global recession businesses around the world a shot stock markets are suffering massive losses on top of all that an Oil Price War between 2 of the worlds biggest producers the dispute between saudi arabia and russia is already pushed the price to its lowest in 4 years brant crude dropped below 30 u. S. Dollars a barrel on monday Global Demand for oil was already low since governments imposed widespread lockdowns and airlines grounded flights because of the disease you know a cartel ....