Forecast for brent crude saying oversupply is likely to peak in whos doing it best. The Second Quarter of the next and candidly, new york really year. Those prices are looking at a was doing the best work in this near fiveyear low. And the worst case scenario, brent could fall as low as 43 space. Were in a good position from a in the next six months. Thats something to be watching. Budget point. Andrew, over to you. Thank you, becky. On a cash basis. Good morning. We have Corporate News this morning as well. Here are the stocks to watch. Reaching nearrecord levels. The first one out of the box is im comfortable well be able to merck reportedly in talks to buy absorb and pay for the costs. Cubist pharmaceuticals to make and im also confident that the antibiotics and they will pay entrepreneurs coming with roughly 7 billion. Foreignborn citizens and thats more than 34 premium. Immigrants will more than contribute their fair share to also in other drug news, bristol atlantas economy and m
Coming up, big ackman losing the bid of allergen and over 2 billion on the deal. Thats why the ceo said hes still suing for the back room tactics and valiant hear what was said and if theres moves to close that loophole to engineer a scenario in the first place where he won no matter the outcome. Fascinating story. I mean, just outwitted everybody on that one. Was it ethical . Elon musk warned here that robots may turn on humans. He said it with a straight face. Now, he says it could happen this decade. And by my calculation we have about five years left in this decade. Well tell you why elon is moving up the timetable and look at how real the threat of robots to hubls really is. Yeah. The story yeah. Strange times. Okay. Look, the dow up 16. S p up 2. The nasdaq is a little bit negative and fascinating about the period as they say never short a dull market or what have you, were climbing to newer and newer highs all the while actual volatility in the market at multiyear, sometimes mul
Ahead and the way to ride out the volatility. All that and more tonight on nightly Business Report for wednesday, december 10th. Good evening, everyone. We begin tonight with two big selloffs. A massive pullback in stocks which followed another sharp drop in the price of oil. After reports showing u. S. Energy stockpiles grew while Global Energy forced strength. It was a nasty day on wall street. Stocks tumbled with the selloff into the close. The dow sold 268 points and nasdaq lost 182 points, biggest one day drop in two months an s p down 33 points with all ten sectors ending lower. Oil markets, another 2. 88 and ending 51 a level. Lowest since july of 2009. International brandt crude lost at 64. 24. We have two reports looking at todays selloff. First, heres jackie deangeles on whats behind the latest cost in oil. Reporter oil prices in free fall. Traders who were at the bottom are now ducking for cover. The plunge . Outlook provisions for next year. Opec with their forecast and 30
Nightly Business Report for wednesday, december 10th. Good evening, everyone. We begin tonight with two big selloffs. A massive pullback in stocks which followed another sharp drop in the price of oil. After reports showing u. S. Energy stockpiles grew while Global Energy forced strength. It was a nasty day on wall street. Stocks tumbled with the selloff into the close. The dow sold 268 points and nasdaq lost 182 points, biggest one day drop in two months an s p down 33 points with all ten sectors ending lower. Oil markets, another 2. 88 and ending 51 a level. Lowest since july of 2009. International brandt crude lost at 64. 24. We have two reports looking at todays selloff. First, heres jackie deangeles on whats behind the latest cost in oil. Reporter oil prices in free fall. Traders who were at the bottom are now ducking for cover. The plunge . Outlook provisions for next year. Opec with their forecast and 30 Million Barrels a day. The Energy Information administration trimming its o
Nightly Business Report for wednesday, december 10th. Good evening, everyone. We begin tonight with two big selloffs. A massive pullback in stocks which followed another sharp drop in the price of oil. After reports showing u. S. Energy stockpiles grew while Global Energy forced strength. It was a nasty day on wall street. Stocks tumbled with the selloff into the close. The dow sold 268 points and nasdaq lost 182 points, biggest one day drop in two months an s p down 33 points with all ten sectors ending lower. Oil markets, another 2. 88 and ending 51 a level. Lowest since july of 2009. International brandt crude lost at 64. 24. We have two reports looking at todays selloff. First, heres jackie deangeles on whats behind the latest cost in oil. Reporter oil prices in free fall. Traders who were at the bottom are now ducking for cover. The plunge . Outlook provisions for next year. Opec with their forecast and 30 Million Barrels a day. The Energy Information administration trimming its o