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but will it last? rebecca babin is a senior energy trader at cibc private wealth. she gave me her predictions. i think the concern right now is really concentrated on the longer shipping time. the market is not pricing in that we actually lose barrels from the market as a result of what is happening in the suez canal. what it is concerned with right now and the reason it has risen 6% is because the shipping costs associated with travelling around the southern tip of africa to reach its destination adds around 15 days of travel time. it increases freight costs. and it has increased insurance costs. that is what the markets are pricing in and looking at at this point. the market has not entered a panic mode, as we have seen in the past with other geopolitical events, where it starts to pricing supply is lost from the market. right now it is a logistical rerouting, what we re seeing, and not kind of that panic and fear that we re going to lose barrels. that obviously can c ....
around 0.32%. some reprieve, but will it last? rebecca babin is a senior energy trader at cibc private wealth. she gave me her predictions. i think the concern right now is really kind of concentrated on the longer shipping time. the market is not pricing in that we actually lose barrels from the market as a result of what is happening in the suez canal. what it is concerned with right now and the reason it has risen 6% is because the shipping costs associated with travelling around the southern tip of africa to reach its destination adds around 15 days of travel time. it increases freight costs. and it has increased insurance costs. so that is what the market is pricing in and looking at at this point. the market has not entered a panic mode, as we have seen in the past with other geopolitical events, where it starts to price in supply is lost from the market. right now it is a logistical rerouting, what we re seeing, and not kind of that panic and fear that we re g ....
americans are applying engine flay failure and flames where the pilot issued a mayday call, and safely return to the airport in columbus, ohio. last thursday, flynn responded to another american flag that took off from charlotte, north carolina. the fda is investigating both instigates. this is us for us, we have cnn prime time with michael mesh. anderson, thank. you tucker doubt. i m michael smerconish from new york city tonight. it s been a chaotic day for the media. sources say former nbc universal chief dashiell is accused of sexual harassment by a cibc anchor. don lemon and cnn parting ways. disney laying off more workers. but the stunning headline today, tucker carlson is out at fox news. these stories, these networks are all very different situations. but in terms of fox, reports show the ouster could be for variety of reasons. carlson disparaged leadership and text messages. he s accused of us hostile and sexist confinement, he continued to downplay janu ....
In central europe. Particularly, Cyber Security stocks are doing well this morning. Sally. And following that cyber attack, today we want to hear from you have you been affected what changes are you making as a result . Let us know. Just use the hashtag bbcbizlive. Hello and welcome to Business Live. Microsoft says a huge global cyber attack, which has hit more than 150 countries since friday, is a wake up call. A huge number of companies were targeted in the initial attack including spains telefonica, fed ex in the us, and germanys railway firm deutsche bahn. Europol says the attack hit 200,000 victims in more than 150 countries and warns more people and businesses could find they are infected this morning. The national Cyber Security centre urges companies to K ....
Quarterhill (TSE:QTRH – Free Report) had its price target raised by CIBC from C$2.50 to C$2.60 in a report released on Tuesday, BayStreet.CA reports. CIBC currently has an outperform rating on the stock. QTRH has been the topic of several other reports. Cormark boosted their price objective on shares of Quarterhill from C$1.35 to C$1.75 […] ....