Page 8 - Oil Patch News Today

The race to the white 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 2020 on aljazeera. 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 ove...

Its not difficult to be crabby when you are basically living hand to mouth with government stimulus. I thought that encompassed the markets perfectly for a day like today. A lot of earnings coming out. Delta looking at a 50 cut in daily cash burn by the end of june. In terms of their First Quarter loss, they had about a . 51 loss , and revenue was down 18 year on year. As we expected, pretty brutal when it comes to delta. Baker hughes, oil services company, saying the outlook for oil and gas is ...

They keep opec happy there are now more than 368,000 confirmed coronavirus cases in the United States. This is according to Johns Hopkins. How they tracking the virus and if peak in new cases is near lets send oifrt to kelly. I always feel better when i see you in that lovely set up there. Thank you bob is tracking the market moves for us bob, lets start with you. Were coming off the highs here. A few sectors are participating. Its good to see the banks up again. Its good to see the Energy Stock...

Losses early in the session after the ceo of russias Sovereign Wealth Fund told cnbc and moscow and saudi arabia are very close to an oil deal. Wti and brent are both coming off their best week on record. Not recent records on records ever all the way back to 1983 when they started tracking wti last week wti was up by 31. 7 . Up by 12 on friday alone. A meeting of Major Oil Producing Countries was delayed but still expected later this week that news just being told to cnbc that it looks like the...

The dollar still strong against currencies like the euro, but the commodityrelated currencies are performing really well in the em, as well as the g10 space. Time now for todays market moving news from our london and new york teams. We want to start with the markets after we have u. S. Futures rebounding. Joining me on the phone is bloombergs dani burger. The question i feel like, last week we saw the bottom, now feels off the table. Every day people are saying it is the bottom, it is not the bo...

Claims at 8 30 a. M. Eastern time. Economists are expecting 3. 5 million jobless claims falling record 3. 2 the following week. We will bring you those numbers and jobs number coming out tomorrow. We are expecting a firm e tone with Dow Jones Industrial average up 332 and s p by 72. Take a look at the numbers. Dow industrials down 973 points at the close yesterday. S p 500 down 114. President trump is considering grounding domestic flights between hot spots to try and contain the spread of the v...

And oil is up to the tune of 25 . The jobless claims rocked the street. We were expecting them to be bad. We were not expecting them to be 6. 6 million bad. Jackie deangelis, jackie. Reporter good afternoon to you, neil. Lets go ahead to start with the tweet from the president that had the dow jones up more than 300 points now. The president said, i spoke to my friend, mbs, crown prince of saudi arabia who spoke with president putin of russia and i expect and hope they will be cutting back appro...

This of course, the saudis are flooding the world with oil right now. The russians, its not clear where the heck they are because theyre very secretive, but i know who is not there, the drivers. Theres very little demand david and i talk about this with you all the time, carl theres this overall sense, you know what, if we just get things moving, things will come back again. We need customers. We need customers to get their hair cut, to go to the dry cleaner, the restaurants, and we need custome...

And Michael Mccaul from texas if theyre singing from the same hymn sheets. As we are increasing coronavirus cases where are we on possible vaccines . I have answers for you and so much more on making money. Charles all right, so the market is up. Were off the highs of the session, off the lows of the session. There is optimism, however, possibly russia, saudi arabia and Oil Production cuts. It started earlier this morning when President Trump tweeting, just spoke to my friend mbs, of saudi arabi...

Global cases nearing 1 million desire statistics there. Indeed, there are theres been plenty of late. Weve got great guests coming your way including Mike Novogratz on where hes seeing opportunities. Well also speak with the ceo of pa tell, the ohio company thats just received approval for its technology to sterilize medical masks. But the big stories were watching this hour mike is here to break down the latest market moves. Brian sullivan has the late isest on oil and energy. A role eler coast...