Not going to balance the market, we have to hit the marginal supplier, and that is north america, and we need to look for lower prices in the short run. Saudi arabia pushed opec to maintain production levels over objections. China has overtaken japan as the Worlds Largest stock market, with a market cap climbing to 4. 5 trillion. It could go higher. Meanwhile, the japanese market is down over 3 due partly to the weakening japanese yen. There is also increasing pressure on the airbag maker takada. The move comes after the u. S. Look nationwide. Five deaths are linked to the airbags. Split parliament voted to google apart, separating the Search Engine from other businesses. However, the resolution carries no legal weight. Google has been the subject of an antitrust investigation from the eu for four years. If the crowds are not as large as black friday, maybe it is because many people did their shopping online. It was a recordbreaking day for target, which had it Biggest Online day ever.
Story that were following. Wti falling. You have to go back to may 2010 to see prices like this. The number to watch is 67. 15. Right now, down by about 6 to 69. 32. Well below what weve seen at this point. If it fell down to 67. 15 that would be the lowest price since september 2009. The cartel deciding against cutting prices. First, check out some of the fallout to this route in oil prices. Youll see exxon, chevron, bp all trading sharply lower this morning. Bp down by more than 6 . The Global Equity market taking note of this dramatic fall in oil. Lty at this point, dow futures would open by 35 points, s p down by 4 points and nasdaq is up by just over 5 points. In asia within up by 2. 3 . Shanghai composite closing up by 2 . Hang seng is relatively flat. Trade in europe, maybe some of the oil taking its toll there, as well. The cac down by more than 0. 5 . The ftse in london down by 0. 7 . Steve sedgwick is standing by in london. He is just back from that opec meeting. Steve, this
Time to fine tune that forecast. Mostly sunny, some clouds are breaking through, may be a little bit of light rain and Southern California continues. Hazy skies, rainfall projections, that is pretty good rain up towards eureka, this is a little bit of rain and the question is all right system on sunday monday make it, stall and if it makes it, we may have to wait until tuesday or wednesday and still highs are near 70 degrees and we are going back to the desk. We are keeping an eye on traffic for you. Still blocked on 880, it happened just before 2 30 west 8 8th street off ramp, five vehicles were involved, one person was killed and another person has lifethreatening injuries and the driver was taken into custody after trying to leave the scene of the crash. Sig alert was issued and it was shut down for a short period of time until we were able to get the lane open. Chp is investigating whether alcohol was a factor. You can see along 880 its still a little sluggish but along there is no
Welcome back, happy thanksgiving, i am torii campbell. Pam and dave have the day off. We have 37 back in new york, a few snow showers, we can use some up in the sierra, and it is all quiet, a few hazy skies which will dip into the 50s in the second half, we have the first of what is many and you know the rest. Lot of high clouds and mostly to the north, mostly sunny to the south, the haze has definitely settled in and some areas of fog, 40s on the temperatures, remember monday was cold . Yes, 40s and 50s still running warm and well see if they can chem in and to looks like one key day my concern is and about 45 minutes they beat the support forecast models and there is so much and back into the 70s, back to you desk. Sal, we are keeping an eye on traffic for you and in fact there is a serious problem four lanes are blocked on 880 following a multi car crash earlier this morning and it happened before 230 near the 88 ramp, five cars were inn involved. A driver was taken into the scene a
And a rap hand act. Three to six inches in Shenandoah Valley. A look at the radar again changing minute by minute. Next weather and traffic on the 1s. A look at the colder temperatures at 6 11. A look at the roads. Chopper over the outer look at New Hampshire avenue. Traff a warning to be careful. Beltway at river road, a nice sheen this morning. Wider look at things. Overall, looking pretty good. Havent seen much of a slowdown until now. Looks pretty slow. We called about this. Were not sure whats going on. As you head into town, its as well. Report of an earlier crash. 66, 95 in virginia, slowest spot is dale city. Some travel times on this very travely day in 10 minutes 6 02 is your time right now. Right now the roads are wet from the rain. This is 66 at gallos road in fairfax. Many people already on their way to their thanksgiving destination. Megan, how are the roads looking now . Well, they are wet for sure. You can see 270. We have quite a bit of volume this morning. A combinati