And rh raising guidance. The next test for the tech ipo market today. As we said, oil prices are the one to watch after two oil tankers were the targets of a reported attack. The navy says it is aware of the incident and is assisting the two ships. The exact circumstances are unclear, but it could ratchet up tensions between iran and the united states. Jim, 20 of Global Consumption goes through these are straits. That area could get much hotter. Second, how little we actually oil is up a little bit. Remember, it was down 170 yesterday. I had the privilege of interviewing the dean of the the founder of pioneer. He said we will have a flare up in that area. And its not going to matter. I said when. He goes now. We are pumping so much oil. Do i take it off my screen what happens there . He said yeah. I said thats not possible. He said we are 13 million. We are going to 17 million. Anybody who needs oil, we are now the swing producer. Here we are. Maybe oil should be up more than it was do
Have the same expertise. I think its regrettable and a what youre saying but i think there are tools for pushback and they need to be used. Its hard to go to the public and say to the people are buying houses and pretending to flip them, we will take away your credit because we dont think buying a home is a good idea. I think it would have been a lot of political support. Now there is but not back i mean, the public is basically saying, as we all know, people who speculate in the middle of it and thought they were doing the right thing. Based on what we discussed this morning, what is the one recommendation you would give to each of the following participants, the government, Financial Service providers and consumers . Give a sort of a short, snappy response to that question if you can. May i go first. Sure. Well on the government, balance the budget. Simple. There you go. One other one of the reasons why balancing the budget is so important because that would give us more room to fina
Transparency. One of the things its much too widespread. And that leverage is one of the things that grows out of the derivatives and other highly structured complaints. But they do a better job within the industry and trying to get more effective disclosure particularly as it surrounds the concept of leverage. Getting the fiscal house in order he also said Monetary Policy only accomplishes so mu much. We have to do it in a way thats fiscally possible. Those are the kind of discussions we need to be having if we need fiscal policy to get more robust growth in our economy. I wish the congress with all of the unemployment there isnt a greater focus on jobs in the economy i dont know but i think that is a benefit for everybody including the Banking Sector to get this economy going in a way that we have been used to in the past. For Financial Service providers i think things for the long term in terms of the longterm Customer Relationships, think of making money by providing the value not
Expected demand. The tech giants orders for screens for the first three months of the year have dropped to roughly half of what it had previously planned to order. Apple is said to have notified the suppliers of the order cut last month. Take a look at shares of apple. As you know, theyve been under pressure for a while. Right now, down about 3 . Just over 3. 5 or just under 3. 5 . 3. 3 to 503. 11. Oracle released an emergency update to its Java Software yesterday. However, it failed on protecting pcs from hackers. Last week, users were told to disability java apps. Andrew. Also in the headlines this morning, u. P. S. Withdrawing its 7 billion bid for tnt express on expectations that European Commission will be preventing that merger. In japan, Japans Transport Ministry has announced its launching an investigation into causes about fuel leaks. Yesterday, the airline said a 787 undergoing check necessary tokyo following a fuel leak at the boston airport last week during their test and i
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