Page 8 - Oil Commodity News Today

Industrials roared because Warren Buffett brought a precision cast parts . Judge big todays action, dow plummeting 212 points, nasdaq nosediving 1. 2 , nobody remembers as all these positives were undone in one horrendous session for the bulls. Now, last night i tried to be skeptical if not down right critical about the rally. Suggesting it could easily be repealed as the week went on. I didnt know it would be repealed immediately. But thats because i didnt think wed be dealing with a chinese cu...

Spotlight after the Central Bank Holds the market steady. They grab investors attention after they post the biggest weekly gain since early june. The german car maker speeds away from a long running probe into the failed take over of volkswagen in 2008. Welcome to the show. French gdp disappointing earlier coming in flat for the quarter. German gdp in line, a little below expectations. Italian gdp has just come in as well and that has disappointed too. The expectation year on year was for plus 0...

Time hour. Came out 20 minutes earlier than anticipated. It showed no clear sign of whether the fed would hike rates in september. We have Steve Liesman standing by to break down that data for us coming up. You know, i was going to say, these are two sides of the same coin in a way. Speaking of breaking down, take a look at oil, its down more than 4 today, its trading below 41 a barrel. Were watching to see if it punches through that 40 mark. Look how close it is right now. 40. 62. And the septe...

114. 8 versus the expectations of 113. 9 so slightly higher. Looking also at expectations in 102. 2 for the month of august. Thats in line for expectations and sil to what we saw in month of july. The greek crisis and political impact in germany at this point doesnt seem to have had a big impact on german business sentiment. Expectations for july at 102. 3. Lets get more on this. Joining us on the phone. A pleasure to have you on the show today. Will german business have to look elsewhere if chi...

Nearly 3,000 coming just in the first 90 minutes. The blue chip index closing down more than 500 points for the second straight day and over the last three sessions the dow and s p are down nearly 9 and the nasdaq is off almost 10 yesterday alone 685 billion is lost among market cap in s p 500 companies. Thats 100 billion more than apples market cap. If they dont tell you enough about the volatility check out the vix. Moving above 50 intraday for the first time. Check out the front pages of some...

The horizon with energy experts. Plus, the drop in crude could be seeping into the Banking System of our neighbor to the north. The royal bank of canadas ceo joins us in a cnbc exclusive on the back of his companys earnings. Also ahead how much of what we see in the rally is the result of the fed trying to calm market volatility. Were live in jackson hole with the latest headlines. Dont forget, of course, the new york fed president , importantly, spoke today. He did. And markets are reacting. Le...

As the government buys, everybody else tries to exit and essentially, the only big buyer left in china is the chinese central government. You have five dow stocks now in bear territory and meaning theyve fallen 20 from the highs. Walmart, disney, apple, exxonmobil, intel. Structurally, legally, in terms of work force, the United States is in the best positioned economy in the world to get through all of this and prosper. The fed is absolutely to blame for this. They have managed this terribly fr...

Four trading sessions with yesterdays strong gains. Now the major u. S. Averages all turned positive for the week. The nasdaq now positive for the year. Check this out. The dow and nasdaq are now on pace for their best week in a month and a half. Stocks are now out of correction territory sitting less than 10 from record highs from mondays intraday low. The dow is now up 8 . If you had caught it at the bottom this would be a great week for you. The s p has risen nearly 7 . The nasdaq is 12 highe...

Impact and a price impact as you were talking about because here along the gulf coast and here in Southeast Texas in particular, there is some serious Refining Capacity down here. Were talking about some major refinery thats are off line now because of flooding, because of power failures and so on so were looking at the port arthur refinery. 603,000 barrels a day, largest refiner in the country, thats down this all told, the ones that you see on the screen, about a fifth of u. S. Refining capaci...

Taking on rivals tesla and setting up projects in hurricane hit areas. And as a car finance firm issues a profit warning because of falling new car sales we want to know would you still buy a new car . Just use the hashtag bbcbizlive. Hello and welcome to business live. Would you boy a new car not a used one, especially not from jamie. Today marks the last day of the five yearly congress in china, which has confirmed xijinping a second five year term as it ends. Xi will even have his name inscri...