Stay updated with breaking news from Pick oil. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The World Health Organization is warning against complacency some European Countries ease restrictions nurseries in norway have reopened and Small Businesses are trading again in some parts of germany and denmark. The new coronavirus pandemic and lock downs have hurt the demand for oil globally and heres what Major Oil Producers have been trying to do to offset those losses back in the beginning of march opec recommended removing one and a half 1000000 Barrels Per Day from the markets russia refused on march 7th saudi arabia retaliated nonsuch plans to flood the market with oil instead prices sank below 20. 00 a barrel it took a few weeks but moscow in riyadh buried the hatchet and agreed ....
Earnings. We will speak in the 1 00 hour with the citizens ceo, so make sure everyone tunes and for that. Boeing up as well after its factory will get up and running again. Then theres a few more regional banks doing ever so well. Gilead had been one of the top performers, up 8 . But Morgan Stanley and a couple the 15 houses saying billion Additional Market cap may be just a little exaggerated. We dont know anything about the drug trials yet. Not enough, anyway, but it does look promising for covid19 patients. That is the story and the stock market. The 10 year yield at 60 basis points. New york crude continues to plummet, down at 18. 40 a barrel. The dollar continuing to rise broadly, although we are soft on the day. There you have the u. S. Data check. Guy it is interesting, that gilead study. Very small at the moment. It will be interesting to see what happens in phase ....
And of austerity. The u. K. Prepares its biggest dose of stimulus in decades. It really is said to plan doublings doubling stimulus to combat the outbreak. President trump appears to a coronavirus conference. He was expected to announce a major stimulus package that he hyped himself the day before. And, taking a hit. Couldsays the coronavirus knock First Quarter quarter china revenue by one billion euros. We will speak to the ceo in just over a half an hour. Youve got some breaking news down there on the green from the bank of england. Anna absolutely, breaking news. Itsbank of england reduces bank rate. The bank of bank rates by 50 basis points. 20. 25 . A surprise rate cut from the bank of england. Just as we saw a surprise rate cut from the fed. Here we are seeing me seeing a great deal of cooperation theeen the fiscal side of monetary side in the u. K. Investments are waiting for an update, waiting for the government to respond ....
Better off now than they were before now the reason i pose this question choose because the iraq war has now emerged as a major theme in the democratic primary process in the United States but equally between senator Bernie Sanders who voted against the war and former Vice President joe biden who supported it and this is this argument is ultimately about the u. S. Foreign policy how major decisions were made back then and how they are made right now. Do you think americans have made any changes in that Decision Making process based on the experience that they had in iraq would do you would you like them again to know how common how often to your country and announced without asking your population whether it wants to be liberated or not. The thing is the iraqis were ....
Now, latest numbers. The house is preparing to vote on multiple dollar package. What you need to know coming up. The nba suspending season, suspending season until further notice. March madness to be played without fans. Selloff extending across the globe. European markets deep in the red followed by travel announcement by President Trump. 1. 7 . Cac quarante down 258 and dax in germany lower by 588. Almost 6 . Italy tightening lockdown even further allowing Grocery Stores and pharmacies to stay open. The European Central bank out with latest Rate Decision this morning. We will have that for you as soon as it hits the tape. Investors are looking for news of stimulus to battle the Economic Impact of coronavir ....