Fed funds rate the chairman talking about the action and admitting that the cut may not be a cure yall, so to speak we do recognize the rate cut will not reduce the rate of infection or fix a broken supply chain. We do believe our actions will boost our economy. Avoiding a tightening of the conditions that will help boost household and business confidence. Then stocks whip sawed with stocks ending down yesterday, the yield dropping below 1 for the First Time Ever take a look where we stand now at. 94 as we speak quite a bit lower quite a day. You want to get ahead of these things but can you we were up 1,300. I know. Im not listening actually i do want to know your predictions. He would shave to do it at some point i think there is no winner here exactly if they didnt cut, you are skpengting why didnt they cut and the markets go down . What do they know nobody else knows. At this point, it is pure insurance trying to loosen liquidity. You look at people looking at mortgages. I locked i
Security fees. This is your business. Welcome to Saudi Arabia State Oil Company Aramco is preparing to go public and today were likely to find out just how much it is worth last month eyebrows were raised after an announcement that the company would only be floating on the Riyadh Stock Exchange and not in london or new york around coal is the worlds most Profitable Company last year it produced some 11000000. 00 barrels of oil per day more than 2 thirds of it was exported to asia 14 percent of it went to the United States the upcoming i. P. O. Has generated a lot of excitement reason drone attack on the run co facility and investors increasing focus on Renewable Energy though has left many analysts skeptical. Saudi arabia would be nothing without saudi aramco the oil giant posted net profits of 111000000000. 00 euros last year the cascade of cash doesnt only go to financing the saudi state it also finances a lot of perks for the general public petrelis dirt cheap healthcare and educati
Suppose was more appropriate for girls than writing advice and knowledge i want to meet challenged woman back home who are bones about their duties and social norms and inform them about deadbeats and rights my name is the amount of people and they were more intimate. Opec debates and other big Production Cut what could it mean for africas Biggest Oil Producer nigeria and how could saudi aramco upcoming i. P. O. Get the oil markets will take a look at both. Also on the show the latest in Drone Technology is on display in amsterdam but in a rising industry deal with regulation and growing security fears. Im Stephen Beardsley in berlin thanks for joining us. Opec organ the organization of the Petroleum Exporting countries and its allies are moving closer to one of the deepest output cuts in this decade and the group is meeting in vienna to discuss an additional cut of 500000 barrels a day that on top of the current cuts of 1200000 barrels daily the aim is to support crude prices in medic
Sinks into chaos Pope John Paul 2 seconds just chants of the people from steel. Cars. The start of an era that defines a modest. 1970 the big coup today steps december 23rd. Cuts. Opec debates another big Production Cut what could it mean for africas Biggest Oil Producer nigeria and how could saudi aramco upcoming i. P. O. Get the oil markets well take a look at both. Also on the show the latest in Drone Technology is on display in amsterdam but in a rising industry deal with regulation and growing security fears. Im Stephen Beardsley in berlin thanks for joining us. Opec organ the organization of the Petroleum Exporting countries and its allies are moving closer to one of the deepest output cuts in this decade and the group is meeting in vienna to discuss an additional cut of 500000 barrels a day out on top of the current cuts of 1200000 barrels daily the aim is to support crude prices of medical oil clutch new quotas could be difficult for Africas Largest Oil Producer nigeria which h
Amid heightened u. S. Iranian tensions. We have gasoline futures jumping this after an explosion and major fire at philadelphia area refinery. It is, by the way, the largest facility on the east coast. And slack soaring debut, shares poised to rally at the open but for other tech unicorns eyeing the public markets, is this a sign of peak ipo . Stocks are set to open lower after a record close for the s p. Multiple reports now say the president did approve military strikes against iran as retaliation for downing of a u. S. Drone and later backed off. S p still on pace for the best june since 1955. The nasdaq leading the major indices this month up a percent jim, how much further are people willing to go on the risk curve given the activity today i think were getting too close to the g20. I think that yesterday was a day where there was a frenzy of froth and euphoria i havent seen in a long time. A lot of stocks up 7, 8, 9 points and nothing had happened. I think were all starting to rea