Pattern meeting globally at the jackson hole symposium shares in wpp jump as the worlds biggest advertising slump. Tiktoks ceo quits quiting a changing political environment after actions to ban the video app. We are tracking the hurricane laura after the storm made land fall in louisiana with a 20foot storm surge. Crude was cut ahead of the storm. Just incredible when you talk about 20 feet and the language thats been mentioned. That most of the parish could be under water and the word unsurvivable has been used some of the houses are built on stilts particularly on the texas coastline. The oil industry has been interesting. 90 shut down similar to katrina. Mostly brent that is picking up the action matched against these concerns has been the covid19 impact that has tracked the reaction in the range so you wont see the impact close to 46 on brent prices and just above 43 this morning. Not getting any traction in the read Nbcs Jay Gray from the gulf coast. The most powerful storm on th
Still hovering at just 16 a barrel in the futures market the ceo of the oil and gas Drilling Company pattersonuti energy will be here. That as another 4. 4 million of americans file for jobless claims in just one more week bringing the total to more than 26 million in the past five weeks. Its a stunning number well dig into it. Kelly, over to you tyler, thanks its been a volatile day in the market after the gilead report hit the requires about an hour ago. Lets get to bob for more. Kelly, i want to show you the s p 500. There may be conflicting reports about what it said the market viewed it as disappointing. T there was a very sharp drop in the s p 500. We lost about 35 points. Were now below 3,000. Thats a significant drop. Reports that the remdesivir trials were not good look at this exxon and chevron just keep chugging along although pretty low levels for them. I want to remind everybody how Many Companies withdrawing guidance theres many, many every day now. Today, we saw pulte, U
Mnuchin this morning bob with the wild week for stocks rick and the bond market bob bob, we start with you its another choppy day hopefully will end a little more stable than we started below this week was 22. 80. Were well off of the lows for the week but still down today. Off of the lows for this morning. In terms of sectors, its been all over the place all week. For once energy is leading but that was the opposite earlier in the week Consumer Staples are the week one. Banks have been generally under performing the entire week just want to point out the consumer names every one was talking about. Campbell, smuckers a and the food stocks were up. For the last day and a half they have been selling off. I want to point out the bond etfs high yield bonds the junk bonds down on higher chances. Theres 3 currently muin bonds weak. They do the convention center. They fund the transit systems. Quite across the board one bit of solace is the vix is quieting down. If you call in the 60s quieten
[inaudible conversations] good morning. The committee will come to order. Id like to welcome you all to our second bubble confirmation hearing of this anon girls feet. I would like to start by thanking senator korn and for being here to speak on behalf of our nominee is. Always good to have you. Our fellow committee member, senator mention from West Virginia is prepared to also offer introductory remarks for a nominee. Governor perry, i would like to extend a warm welcome to you and to your family. Know that i appreciate your desire to serve, your willingness to become our next secretary of energy. Ive enjoyed the meeting that we had together, learning more about your leadership as governor of the state of texas, including your accomplishments in the area of energy and environment. Im going to withhold this morning and a reference to text size versus alaska size. Weve had that discussion. But in all seriousness, we know that you are seeking to leave the department of energy at an inter
[inaudible conversations] [inaudible conversations] cement the will to lead but to the next cabinet lovell, bernie confirmation been delayed to start by thinking the senior senator from texas to be fair to speak on behalf of the nominees. Also the fellow Committee Member from West Virginia prepared to offer introductory remarks for a a warm welcome to you and your family your willingness to become our next secretary of energy for. I enjoyed flu at federal of learning more about your leadership in texas and your accomplishments in the area of energy and environment. I love riffled will withhold any comments texas side is verses alaska size and i won. [laughter] we know you lars seeking half to lead had an interesting and critical time helping to make our nation a Global Leader of research and development encouraging scientific exploration to foster innovation. And with those laboratories but the greatest asset those that dedicate not just to their careers to those toughest challenges th