Hello im come all santamaria this is counting the cost on aljazeera your weekly look at the world of business and economics this week boyle just because youre resource rich in 2020 doesnt mean youre making money well look at the economies of some opec nations which arent making a cent in earnings thanks to the price crash the coronavirus all so oil versus lithium as coals grow for a green a economic recovery post pandemic maybe green power could be the death knell for crude. And saudi arabia the oil giant whose Economic Diversification has led it to the north east of england but critics are accusing the kingdom of trying to sports watch its human rights record. Look we all know were in the middle of a storm like no other right now and really its no one even if you are a country with oil sure some of the bigger players are doing ok though even saudi arabia is cutting subsidies and raising taxes but small opec players are really taking a hit from the coronavirus pandemic and Oil Prices S
Threat of violence many want to if they can be free. And want to thank 2 phase of the 19 how montana. Actions on aljazeera. Hello im come all santamaria this is counting the cost on aljazeera your weekly look at the world of business and economics this week boyle just because youre resource rich in 2020 doesnt mean youre making money well look at the economies of some opec nations which arent making a cent in earnings thanks to the price crash and the coronavirus also oil versus lithium as calls grow for a green economic recovery post pandemic maybe green power could be the death knell for crude. And saudi arabia the oil giant whose Economic Diversification has led it to the north east of england but critics are accusing the kingdom of trying to sports watch its human rights record. Look we all know were in the middle of a storm like no other right now and really its no one even if you are a country with oil sure some of the bigger players are doing ok though even saudi arabia is cutti
Aljazeera will bring you the news and Current Affairs that matter to you. Ill just interrupt. Hello im come all santamaria this is counting the cost on aljazeera your weekly look at the world of business and economics this week boyle just because youre resource rich in 2020 doesnt mean youre making money well look at the economies of some opec nations which arent making a cent in earnings thanks to the price crash the coronavirus also oil versus lithium as called screw for green economic recovery post pandemic maybe green power could be the death knell for crude. And saudi arabia the oil giant whose Economic Diversification has led it to the north east of england but critics are accusing the kingdom of trying to sports watch its human rights record. Look we all know were in the middle of a storm like no other right now and really its no one even if you are a country with oil sure some of the bigger players are doing ok though even saudi arabia is cutting subsidies and raising taxes but
Money. Well go right to the boards today and show you a sea of red. Dow is down 600 points s p 500 down about 3 . Nasdaq, technology has been, as you know, a bright spot of late but thats selling off harder today. Nasdaq down about 300 points all right rob, good to see you, beard and all. Here we are in different place than we were on march 20th when you spoke about the pessimism being palpable in the market that we were in panic mode, as you said almost speaking that things needed to turn in a more positive way nonetheless, josh brown, ill come to you. The point i was going to make is there was a point in time where pessimism was palpable now were at a different place we have come a long way. The second day into this week well have our back to back down days if this holds today how should we be thinking about stocks here . Im glad you cut to me. Robs beard looks like it sold some kids fake id in an alley somewhere. Lets talk about that palpable sense of optimism. People that changed t
Netflix up and gains by apple and facebook getting help this morning from what we see in oil prices. Youll see wti is up almost 10 . Up about 9. 5 to 23. 34. That is a big come back for wti. Thank you, becky. Oil market market oil thats been a lot of the story want to bring you other headlines. United airlines as mentioned, planning to cut about 30 of management jobs in october according to a company memo that works out to 2,400 white collar jobs and has also warn the pilots to prepare for displacement that it will let go about 30 of its pilots. The airline has accepted aid and if they cant may pay by the end of september 30. This was always the issue, if you are going to give government money and taxpayer money to the airlines, you are going to force them to keep people on the payroll, you are eventually planning to let go of them anyway, there is something off about how this program was structured we want people to stay employed but either restructure to a bridge where they can run t