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Transcripts For CNBC Street Signs 20240713

Mixed signals frances orange jumps as it plans to split the tour unit fed chair Jerome Powell tells congress there is no reason growth cant continue but warns that risks remain. Look at todays economy there is nothing really booming that would want to bust. There is a pretty sustainable picture. I pointed out the risks. Those are in manufacturing welcome to the show some breaking news for you the health of the Global Economy is a concern left its oil estimate goal unchanged for 2020 at 1. 2 Million Barrels a day this report released they see nonopec supply rising by 2. 3 Million Barrels a day, up from 1. 8 million in 2018 opec plus countries face major challenges as demand is expected to fall sharply. That does not bode well. We have that vienna opec meeting coming they had talked about saudi arabia and said that the recovery contributed 1. 4 Million Barrels a day. With the production back 0en line that gave a bit of a boost for the out look for the month of october in total oil supply

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