A congressional hearing in which case that will. Well break down the shake up at one of americas largest banks a lot to get here on a very busy day so lets get started. On oil lost as much as a 3rd of its value monday in its biggest drop since 1901 gold war fell to 30. 00 to 30. 00 per barrel as saudi arabia launched a price war with russia after the 2 failed to come to an agreement at its vienna meeting russia declined to agree to production cuts that have artificially kept Oil Prices Steady officially russia said it wants to wait and see what the Coronavirus Impact on demand is before agrees to cuts on officially russia is angry about u. S. Sanctions of Russian Energy Company Rosneft and attempts to stop the north stream to pipeline to germany by flooding the market and sinking prices russia sees an opportunity to crush the us shale industry which is dangerously levered to the hilt russia is also fed up with cutting production outputs timeout that time while u. S. Shell producers eac
Demand a Global Movement to divest from fossil fuel and crushing debt loads the industry has about 86000000000. 00 of rated debt due the next 4 years and as analysts have warned before below 50. 00 per barrel Many Companies will be unable to service their debt obligations this in turn has the Banking Sector as these Companies Start defaulting big banks including j. P. Morgan city Group Wells Fargo and goldman are down between 9 to 13 percent today as the selling pressure intensified across all sectors u. S. Markets triggered a 15 minute halt at the am the dow fell over a 1000 points as investors continued to seek safer assets the yield on the 10 year dropped below 0. 5 percent for the 1st time ever in the history crude prices have become a bigger problem for the markets than the coronavirus now as itll be virtually impossible for the s. N. P. To bounce when the Energy Sector is down 15 percent. Interestingly enough gold the defacto safety asset is not spiking instead it is trading flat
Warned before below 50. 00 per barrel Many Companies will be unable to service their debt obligations this in turn has the Banking Sector as these Companies Start defaulting big banks including j. P. Morgan city Group Wells Fargo and goldman are down between 9 to 13 percent today as the selling pressure intensified across all sectors u. S. Markets triggered a 15 minute halt at the am the dow fell over a 1000 points as investors continued to seek safer assets the yield on the 10 year dropped below 0. 5 percent for the 1st time ever in the history crude prices have become a bigger problem for the markets than the coronavirus now as it will be virtually impossible for the s. N. P. To bounce when the Energy Sector is down 15 percent interesting way enough gold that defacto safety asset is not spiking instead it is trading flat someone down indicating that people are selling with. Well prejudice this type of broad based sell off is indicative of a cash crunch and that leverage funds are rec
And p. Triggering another 15 minute halt at 1 pm the indexes have swung more than 4 percent in either direction for 7 consecutive sessions now there tuesdays close topping the previous record set in 1929 now this volatility is destructive towards the integrity and confidence of the market and the dow is now trading at below the levels of one President Trump took office in 2017 corporates are now still in clear signs of stress as Companies Like fed ex General Mills and airline slash profit outlook for 2020 secretary menuhin warned that Unemployment Rate could hit a depression era of 20 percent in the absence of Government Intervention the sell off in equities is broad based indiscriminate of traditional safety sectors however there are a few bright spots on the heat map today walmart c. V. S. And walgreens are up citing bulk buying of Consumer Staples and pharmacy products and netflix was slightly up this morning before giving up gains as a quarantine has forced Many Americans to stay a
So what weve got to do is identify the threats that we have its crazy Going Foundation let it be an arms race is on all sides very Dramatic Development only mostly im going to resist i dont see how that strategy will be successful very critical time to sit down and talk. Join me every thursday on the alex so im unsure when ill be speaking to get off of the world of politics sports business im show business ill see that. Global markets plummet amid widespread talan and this time while at the culprit this does boom but the one business show you cant afford to mess im christiane and im bridgeboro in washington coming up the market bloodbath rages on amid infection fears and oil has stalled with prices dropping below 40. 00 a barrel we take a look at the big picture and what the future may have in store. And the World Health Organization says the possibility of the corona virus becoming a pandemic is the very real well break it down and discuss what can be done to control the spread of the