Over two days, as the biggest oil etf dumps short dated contracts once again. We will speak about this and earnings with the bpce l, Bernard Looney, coming up shortly bp ceo, Bernard Looney, coming up shortly. Aboutl speak to the ceo the impact of coronavirus and the business shortly. Get to some numbers coming through this morning. We have got numbers coming through from bp this morning. They are talking about how the industry has been hit by supply and demand shock. They remain committed to delivering their net zero ambition. We heard about that back in february or so from the company, from Bernard Looney, the relatively new ceo at the helm of dp. First quarter dividends bp. Dividends, so maintenance of that dividend at least at the same number. Bp saying it had around 32 billion of liquidity available at the end of the quarter. The bp ceo, we are taking Decisive Action to strengthen finances. We have heard about how they will not be taking government money, they want to get through
Im Carl Quintanilla with Morgan Brennan and jon fortt from various locations. Dow session high was up 378 on a very busy day for earnings Consumer Confidence tumbling this morning a twoday fed meeting that begins, morgan to tonight we will get a look at starbucks, ford, alphabet, and other major companies. I think peter at Advisory Group hit the discussion, noting the reasons the markets had been optimistic, the rallies in recent weeks, improved testing capacity, hopes about treatments and vaccines moving forward, all bolstering some of the reopening plans in places like most significantly in the last 12 hours, texas plus what is essentially, speaking of the fed meeting, unlimited central bank support which is the key reason youve seen the s p come back it early october 2019 levels, but also, he notes that the economic envoorlt and how thats playing out in treasuries and high yield, the collapse in crude as well, is a very different scenario and given that fact and all the uncertainty
Expected to be signed tomorrow headlines injecting uncertainty on existing tariffs and after hittinga new alltime high, apple is now the biggest drag on the dow. Well have much more on why later in the show. We are up 50 points on the dow steve grasso with us for the full hour. Steve, todays session yo yoing. The bottom line though is the deal should be signed tomorrow and the rest of it we kind of knew. It seems like the market is looking for a reason to sell off. You have bulls that want a better entry point, bears that want to push it down and any headline that allows them to do that, theyre going to roll with its about china today i think its going to be about earnings coming up if you really look at where we are in the s p, the 3300 level is pivotal and if you look at earnings, if we fall short, the market will tank and thats a big word tank is a big word. Its a big worry when you say wheres the market going or where do i think its going, i think it will be legitimate to say a 7 t
All the tension around huawei and not a pretty picture one u. S. Senator calling for an investigation into that hugely popular face aging app maybe he didnt like what he saw either its thursday, july 18th Worldwide Exchange begins right now. Good morning, good afternoon, good evening and welcome from wherever in the world you may be watching. Im Brian Sullivan before we get to the Macro Markets, look at that. Thats a live check on shares of netflix. Wow, they are down now 11 off 40 per share. Big reason was the reason that the subscribers missed they had the first drop in u. S. Subscribers ever in their streaming age. We have more on netflix and comments from Reed Hastings coming up on this. Before that, lets get to your macro morning setup. Coming off the s p 500s worst day in three weeks we could see a continued drop futures are in the red not big losses dow futures off 60 we are in the red. Volume has been weak you probably dont care about volume you care about price prices have bee
To approve an eu exit payment of up to 50 billion pounds. I am mark barton in london. Plenty of great guess including Raghavan Seetharaman on who joins us in half hour for his first interview of the day. Lets have a check on what is happening to European Equity markets. 5 . Toxx 600 is down by south korea detecting that north korea is continuing to prepare for a possible Intercontinental Ballistic Missile launch, a move that would further raise tensions. Choice is the haven of in the currency market. It is rising against all 10 of its major peers. The dollar down by. 7 . The german tenyear yield is falling by two basis points, down to 36 basis points. High. Ising to an 11 month bloomberg first word news with juliette saly. Juliette market, u. K. Brexit secretary says he dismisses nonsense reports that theresa may approved to pay as much as 50 billion pounds to leave the european union. Brexit talks may fail to move on to trade discussions speculation was dismissed. Resolving the issues