Stay updated with breaking news from Spot crude. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
555 dow points. Ahead on todays show, were going to dive into this plunge in oil prices, what it means for the u. S. Economy and jobs to the financial losses reverberating through the market right now plus we will speak with illinois governor j. B. Pritzker and former commerce secretary Penny Pritzker, his sister, about illinoiss battle against the coronavirus and the race for more protective gear and testing. Lets focus in on the big stories were watching with 58 minutes left of trading. Brian sul vab focusing on crude oil collapse, mike santoli will tie that in with broad movements were seeing today latest on the snag on government funding. Brian, first to you on this unprecedented move in oil. A day for the history books. It is a day for the history books. Ending a futures contract in negative 30 or what it was. Sara and wolf, it doesnt make sense as i talked about in power lunch as well. We started the day around 10. We contin ....
Japan hits back with an arrest warrant. Kathleen and the latest results from samsung. Shares remain close to an alltime high. Australian markets have open. Sophie, what is the latest . Seeing oil names with the declines along at the start of trade. Checking in on whats happening with the aussie dollar, looking flat after its biggest drop since august. , this morningline still below the level as we anticipate more policy support from beijing. Gold looking likely to continue. First words get the news from new york. The effect of the bush arsenal shag are being felt halfway around the world. About 12,000 kilometers from sydney. Five have killed at least one for people and up to a billion animals. They are generating their own west or system whether systems that can in turn ignite new blazes. The internal investigation that led to the ouster was never about finding the truth and he wanted to be interviewed himself as part of the probe. Hes promising to name people he said engineered a coup ....
Ferro. In the equity market, posited by 0. 1 . We go to the commodity market, brent 94 94. 93. Tom i take your point, oil is game changer here and it is not 95, it is how we got here. Can you imagine 97 . Why cant you extrapolated out on the edge of 100 . Right now we are at 100 per barrel. Jonathan what is it influence, what does it change . We have to ask a question from the Federal Reserve into tomorrow. Does this change anything for policy and for forecast next year . Lisa ellens that never says no at Morgan Stanley and another at moody say it could be game changer. Saying anything over 100 for any length of time and we are going to be very sick. On one hand, you have to think about what this might do with a diff disinflationary way but also good prices as Mohamed Elerian was changing. Game changing for inflation o ....
Good morning for our audience worldwide, this is bloomberg surveillance on tv and radio alongside tom keene and lisa abramowicz, im jonathan ferro. Just about positive on the s p 500. Tom not your father strike. When i saw it, they nailed it about the 10 00 p. M. Stock. This is an original strike going back over to uaw history, back to 1958. Into real challenges before world war ii. It is an original strike, a selective strike, that is what is new. Jonathan gm said they offered unprecedented package. From ford, the union made little movement. Rambo, we have not heard from this white house, have we . We are waiting for a statement from the president. Lisa hit the he did speak with the leaders and auto manufacturers. What did he tell them at a time where his policy is contradictory . In one hand hes pushing for electric pickles and a lot of the vehicles are pushing back on yet they are helping some of the auto manufacturing with those. On the other hand, it is it is the most prounion in ....
Positive as youll see right there, but not too much. Although uk actually having a fairly good morning. Japan not so much. Problems toshiba certainly weighing on that market. As for our tenyear note yield this morning in crude oil, which we always like to show you, 2. 556, and wti up ever so slightly. David, our road map for the hour begins with the dow on the edge of market history again. Futures higher. Will today be the day . Plus, some new Holiday Spending data suggesting a late december boost. Wall streets top picks going into 2017. And amazon crowned ever cores top internet pick. Did the company do enough to win christmas though . But first up, the trump rally, thats what we call it now, and the march to dow 20,000. That continues for yet another day. Futures as you just saw are higher, certainly would indicate we will be close at the open. The dow aiming for its eighth straight week of gains. And, well, what else, of cour ....