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The trade war, the selloff in stocks widespread this hour from semis to broader tech to retail to almost all parts in between you tell me what you are doing i saw current takeoffs from risk last week i took a little off this morning. I think theyre good sales im not putting money back in. I think whats happened here is we all knew or most of us had sensed this would come because the lack of stableization deleadership level its like making a deal with the devil. Were paying for it. Without a clear resolution of trade, china having multiple levers to continue to pull with that potentially impacting the economy while on the other side of it the fed it doesnt matter what they do, frankly, it doesnt help, nick, take a year to impact as well. I just think its prudent to put the market going into this being up 20 in the year nobodys got a problem taking money off the table. So sit back. Take it easy, just observe you shouldnt liquidate everything you definitely shouldnt liquidate stocks where ....
President trump says hes considering sanctions on streamrom ii nord ii. Their handsies get on 5g services. Watch Telecom Stocks at the open. Lawmakers say they wont discuss controversial extradition deal as tensions remain high and hong kong between protesters and police. Matt less than half hour from the start of european trading area look at the trading. Look at the spike of oil, a tanker fire in the gulf of oman leading to a 1. 5 gain. Oil had fallen to a fourmonth low and is bouncing back up on this fire. Futures are down. Dax teachers often little bit or a little bits off more than a quarter of 1 . Looks like a risk off day. Anna the risk off story writ large. We are selling off on stocks, not to an enormous extent. The treasury market is gaining ground. Yields are weaker. We see money going into the yen. Hong kong is weaker once again, tensions still on the radar of investors. More broadly, the concern is around the trade st ....
Until the close, cnbc contributor stephanie link from tiaa a nuveen company. Welcome, stephanie thanks. Energy doesnt usually lead this market but is today on the oil bounce and questions about whether thats sustainable and given sort of the scale and increase in tensions whether the move is big enough to bring back the sector and commodity trade i dont know. I really dont because its been a tough industry for the whole year. For a whul of years now. So this is really more a supply issue concern. I think the Biggest Issue for oil are demand and the demand environment has been slowing and the revisions have been lower. So with that as a backdrop this might be just temporary. You would have thought oil would have been rallying much more than it did. I spoke as well about 20 minutes ago to one of the senior traders at one of the major investment banks and said was pleased to see the algos didnt disrupt the market when pompeo came out ....