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Opec offers a bleak estimate of Global Energy demand. Saudi arabia is cutting output to its lowest level since 2002. Shery a quick check of the markets. We are seeing u. S. Futures rebounding and gaining for tens of 1 . U. S. Stocks fell to that threeweek low. It was not just the fed chairs comments. We have u. S. Tensions with china flaring again. Every sector on the s p 500 was in the red and it is now heading its worst week since march 20. Take a look at what oil is doing. We are seeing slight gains above the 25 a barrel level, a gain of 1. 7 . This after it fell in the regular to session regular session. We still have some comments from the iea saying it will take more than a year for crude demand to recover. Lets turn to those comments by jay powell. He was clear when asked if they would be in favor of adopting a negative rate policy. Not only did he reject it unequivocally, he also said he would not even consider it. Kathleen ....
S news leader. Good morning, this is newscenter 5 eyeopener. This guy is a joke artist. This guy is a liar. Fighting words in the latest republican debate. Cindy the last weekend of february. Incredible we are almost to march. Cindy we are almost to sunrise. Some cloud cover, but some breaks as well. Dress for winter today. Kids of the bus stop are going to notice the biting wind. The wind will make it feel colder. It feels like 26, boston. Wind chills in the teens and 20 s across southern New Hampshire. It is a colder start this morning. You see the clouds. Noticing breaks in the flurries winding down. Although we have mid 30 s out there this morning, throughout very little. Let s get you out to the roads. How are we looking . Olessa friday light. A live look at route 1. Problems. 24 northbound by harrison northbound. A 15 minute ride to 128. Light out of methuen from concord street to the leverett connector. Emily in just hours e ....
Earnings. Revenue little changed at 12 billion dollars while profit rose slightly to 2 billion. The ceo says Revenue Growth in the Data Center Chips and the internet of things help offset slumping demand he sees. Shares are up in afterhours trading. President obama is going to drop cuba from the list of nations that sponsor terrorism. The president notified congress about the move today. It had been a Sticking Point as the u. S. And cuba try to normalize relations. It comes just days after obama met with the cuban president castro, the first formal meeting between the u. S. And your u. S. And cuban leaders in more than 50 years. The Senate ForeignRelations Committee approved the compromise bill giving ....
Trading revenue was very strong in the quarter as higher volatility boosted volume. Meantime, wells fargo reported a 1. 5 drop in First Quarter profits, but ceo john stumpf remains positive. John i believe the underlying economic expansion that is approaching its six anniversary remains largely on track. I am optimistic that the improving u. S. Economy will continue to provide wells fargo with many opportunities to better serve our customers, our communities, and reward our shareholders. Emily wells fargo also saw its lending margins dip below 3 for the First Time Since the 1990s. Tennessee senator bob corker is aiming for a vote in the Senate ForeignRelations Committee today on a bill that would give congress some oversight on the iran nuclear deal. His bill ....