Page 8 - Energy Complex News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Week yeah. This is the expiration day so what happens is you actually its tomorrow, but people are trying to prep it what happens is rusty braziel explains to me, the rollover from the may contract to june occurs tomorrow. The reason that happens is because the may futures price converges with cash and expiration so in other words, youre looking at what the real price is its not the futures price so what happens is that imagine if youre producing at 32 a barrel, 33 a barrel like occidental, thats just youre hurting nobody can make any money at these prices rusty points out that after seeing th...

Will be back he ignited a bit of a controversy and a heck of a lot of curiosity yesterday on this show when he said he is not using the 5 million he will ultimately get, he expects, from the government, to pay workers he will be back here to explain why hes doing that and why and how that is helping him, kelly, keep his business afloat yeah, looking forward to that, tyler, thanks. And were about to get a closer look at the economy. The Federal Reserve releasing its beige book report just this minute Steve Liesman digging through it for us bob pisani and Rick Santelli are standing by for instan...

We want to wish them the best, we like to see flattening of a curve in italy, madrid, new york theres the earnings world the earnings world doesnt bend. The earnings world responds. There are a lot of companies doing poorly, sometimes their stocks have reflected that sometimes their stocks havent i warn people that if youre going to do buy or sell stocks based on what the president says or what Governor Cuomo says, youre not being thoughtful it takes a thoughtful person to figure out whether you want a lot of exposure here or not. Does that mean if we did see more signs today some people theor...

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 bottom, but the picture continues to change. There is so much uncertainty. A bit of a lift in markets ...

Little bit. We are seeing btps with a little but of a bid today. Euro with an offer. It is interesting that stocks are higher and the dollar is higher as well. Crude is also tracking a little bit higher. We are trading on the global 27. 95. K at european markets probably in a bit of a Holding Pattern right now. We are going to carry on the conversation on what is happening with some of these big global banks that are reporting numbers. James gorman of Morgan Stanley was the latest entry into the story today. We will be hearing from mr. Gorman very shortly. This is bloomberg. Welcome to our Blo...