Page 5 - Oil Patch News Today

Well im Richelle Carey this is counting the cost on aljazeera your look at the world of business and economics this week billions now to save trillions in lost economic output the hunt for a vaccine is on well talk to the c. E. O. Of a drug maker that is using a cancer drug in trials to treat over 1000. 00 patients and from senegal the 1. 00 test kit. Oil shock through to sinks into negative territory now cheap oil may be good for some users but it also means job losses as rigs shut down product...

The charts are thrown haywire by the fact to close negative yesterday. Trading about 5 today june is at 12. July below 21. All sunk considerably just this week lets get more on the interplay of oil, stocks and the earnings. Gets get 0 ever to bob pisani for that this hour hi, bob. Well, you know, that collapse in oil is weighing on things but not quite as much as you might think. It is a little bit more of a general risk off day in terms of coronavirus. Lets show you what the sectors are doing r...

Kelly. The dow shedding 5 in lets get to bob for more on this sell off. Bob. I think the key here today is oils impact but its impacting things outside the oil market. Leets ta lets take a look at the sectors. The two biggest that are out there, tech and financials are the weakst ones. They will put pressure on the s p 500 because they are a big part of the overall market capitalization industrial is also weak. Energy is not among the big pressure points in the s p 500 today. I want to poipt out...

I will talk about that with rnc chair ronna mcdaniel. All that and more coming up on making money. Charles well you could call todays session a random walk down main street. This as the biggest percentage winners include auto dealers like carmax, casinos like m gm, retailers like roth stores and furniture makers leggett and platt. This as looks like economy will open across the country. Wall street experts say the move is too early and far too optimistic. Lets get what our market pros see what t...

House goes on joe biden is in but secured his place is the democratic nominee but can he be still trying to join us for continuing coverage of the u. S. Election 2020000. Shall carry this is counting the cost on aljazeera your look at the world of business and economics this week billions now to save trillions in lost economic output the hunt for a vaccine is on well talk to the c. E. O. Of a drug maker that is using a cancer drug in trials to treat over 1000. 00 patients and from senegal the 1....

Coming up. Pay day for elon musk days after he stated his opinion. Tuesday may 5, you are watching Worldwide Exchange. Good morning, good afternoon, good evening and welcome i am Brian Sullivan. Thank you for joining us on this tuesday, may 5 down one, up the next. Maybe down the next. The market weve been living in looks to continue today as well. When we came in or started since many of us are still at home, futures are posting a solid gain of about 350point jump at the open as you know, it is...

Itself is set up to benefit those who understand and people who actually believe things that are not true that is a crisis for democracy is a crisis of concentration the bottom line on aljazeera. Shall carry this is counting the cost on aljazeera your look at the world of business and economics this week billions now to save trillions in last economic output the hunt for a vaccine is on well talk to the c. E. O. Of a drug maker that is using a cancer drug in trials to treat over 1000. 00 patient...

Thats something to behold. Its hadding the lowest level since march of 1999. Right now well take a quick look at my board, which is current. I can see it down 4. 13 i say that because ive been practicing waiting 12 seconds to get a quote on something that im trying to give you instantaneously. Now im back on the nasdaq and i can actually see it. The coronavirus pandemic has sapped demand for oil and global storage is rapidly proefing capacity the world is running out of room on ships anchored at...

Are stuck at home. One on one with Lindsay Vaughn you are watching Worldwide Exchange here on cnbc welcome from wherever in the world you may be watching. Im Brian Sullivan it is early but looking like yesterday could be kind of a one and done for the equity markets. Stock futures are flat to slightly down. That benchmark index still down 3 for the week. Nasdaq down under 2 big tech has been outperforming as of late oil trying to stabilize after an incredibly volatile, record breaking week. We a...

Notably russia, and surely it puts a crimp on the future of electric cars. Look at it this way. Why buy electric when a gallon of gas on average now costs 1. 81 and likely to fall much lower. In wisconsin, the average is all the way down to 1. 22. There are some places where its below 1. We will bring them to you. Its a big negative for the stock market. The dow industrials are going to open down 500 points. Thats roughly 2 . The s p down 1 . The nasdaq down 1. 93 . The oil crash really hurts st...