Cutore than half of the kingdoms output and it sparked fears of a Global Supply crunch. Th result was t biggest oneday gain for domestic crude prices in almost 11 years. They rose 15 after having been h as m 20 . And the shock rippled through reher markets as well. It sent s of exxon mobil and chevronigher making them two of the best performing stocks in the dow today. Refiners took a hitecau many depend on saudi arabias distinct heavyru and off shore oil drillers rose. Oil stocks fell on concernsab t higher fuel costs. Cruise lines came under pressure for fear that the price spike could become a drag on their earnings as well. So what happens next . Thats the question many areas ng and one that sema mody sent out to answer. Repter the attacks on a Saudi Oil Production facilities are unprecedented in the global oil industry. 5. 7 Million Barrels of daily Oil Production were knocked offline, roughly5 of the daily oil prodtion. This is theargest single day disruption of oil supply. This
Im Brian Sullivan its going to be a very busy day for the markets and your money the market still digesting and reacting to the news that President Trump will slap another 10 tariff on the remaining 300 billion in chinamade goods not already subject to taxes that goes into effect september 1st. Its also the first friday of the month, that means its the monthly jobs report day, which, if its very weak, could press the fed to maybe cut rates again in september thats if that number comes in soft the dow losing 280 points yesterday. It looks like we could lose more dow futures are down just under 100 points we walked in the door about an hour ago, they were down about 50 we are losing steam. Its still early anything can change. Do keep in mind context is key the s p 500 is still up 17 this year. The nasdaq 100 still up 23 . So the markets have absorbed this fairly well, but the markets not liking that new news on tariffs one index that youll see only on cnbc, that is important to Pay Atten
Schneider, said the flames possibly sparked by electrical issues quickly spread to the second floor. Partygoers upstairs were trapped and unable to get down these two wooden staircases. The occupants of the building were consumed by smoke before they were able to get out of the building. Reporter meanwhile, mac says she paid nearly 600 a month in rent. She also says lease holder, derek almena reused to make the building safer and profited off those living inside. A victim of the housing crisis, he is a predator of the housing crisis. Reporter and back here live, you can still see fire investigators here onscene. We have also been told the warehouse did not have fire alarms or a Sprinkler System inside of the now burned out building. Atf has also said, they ruled out arson, saying this was not an intentionally started fire. Were also learning they could be here for several more days. Reporting live in oakland tonight, im elyce kirchner, nbc bay area news. Oakland mayor, libby schaaf, he
And working in conjunction with bart to see if theres a way a joint line can be done those are some of my thoughts on the issues. Commissioner johnson. Thank you, thank you very much for this presentation ill excited about next week i appreciate all the information we got toy and except for today that was supposed to be last week and for next week im is a starting to digging than moving forward some of the other available plans on mta website and a lot of great material since i asked for the hearing for a while i will have just. Couple of questions and comments and hopefully be able to focus for next week and not take two much time why did he personally think this is important so you mention that the mta has a big team that works on larger projects to make sure their integrated into the planning process ive seen it offhand on the Hunters Point team and mta really was ive seen how mta was super involved and how land use and transportation amongst other topics really went hand in hand i
Forward some of the other available plans on mta website and a lot of great material since i asked for the hearing for a while i will have just. Couple of questions and comments and hopefully be able to focus for next week and not take two much time why did he personally think this is important so you mention that the mta has a big team that works on larger projects to make sure their integrated into the planning process ive seen it offhand on the Hunters Point team and mta really was ive seen how mta was super involved and how land use and transportation amongst other topics really went hand in hand i remember all of the new York Police Departments around when there was supposed to be a 49ers stadium and what that traffic looks like and the bart was supposed to go through there bypass dog patch not bypass it impacted so the transit hub is here the stadium the housing going over there in any transition from occ they continued and i got to the Planning Commission i know the mta continue