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Hello im christine want to welcome to the program oil prices have risen after the worlds major producing countries agree to whats being called the biggest oil production. Production costs hell opaque joined russia and others in an effort to boost the oil price and an Energy Market ravaged by the crown if i spend to make. Opec close which brings together the oil cartel with other producers like russia said it would reduce world i would put by 10 percent. Within 2 months opec and opec plus countries will reduce production by 10000000. 00 barrels for the next 6 months they will cut production by 8000000. 00 Barrels Per Day and for the 16 months after that begins 6000000 barrels will be cut per day. Oil prices had gone into freefall on worries about the virus and a price war between saudi arabia and russia but low prices threatens the u. S. Shale oil industry. President donald tr ....
Im christine would welcome to the program politicians in germany have been debating when it will be safe to stross easing the coronavirus walk down here the current restrictions are due to enter next sunday and a macro will this week stall consultations about what to do next at the same time an opinion poll by you gov has found that most germans think the lockdown should be extended beyond next sunday and perhaps even tightened. Easter in berlin most people tried to respect the distancing rule and get out and enjoy the perfect spring weather pollsters say theres still broad support for the restrictions but some politicians are warning that there are limits you but im soft some footsie. People are willing to make sacrifices as long as they see the prospect of a return to normal we need a timetable that shows a responsible path towards normalcy site experts propose a gradual end to the restrictions Daycare Centers schools and unive ....
The tunnel but this is going to be a very painful two weeks. Uk Bank Stocks Fall after lenders ditch their dividends. Joining the european counterparts on calling lenders to hold on to cash sinking deeper into contraction while the italian pmi drops to the lowest in a decade i expect to see some very bad numbers coming out of the economy in the First Quarter, Second Quarter and what it looks like coming out will depend how the virus proceeds lets do a little bingo calling here this is your eurozone pmi bingo numbers. Final manufacturing pmi for march 44. 5 that is the lowest since july 2012 the final manufacturing output number, pmi at 38. 5. The lowest since april 2009. Worst than the flash estimate. Rounding it out with a look at the final new orders the constituent 38. 5 the lowest since march 2009. Clear indication ....
Our nation shutdown, this group is under serious pressure. Well get the latest from former macys ceo that is coming up this hour. We begin with latest developments our reporters are standing by to track the action for you kayla following the passing of ta that recovery bill in washington steve is breaking down the moves by a very busy fed kayla, lets begin with you. Reporter after a chaotic 24 hours and a few couple week of tense negotiations, this lbill passed the house in under a minute with a chorus of voice votes supporting the package you saw bipartisan leadership from the house of representatives signs this bill, entering it into the official record on capitol hill from there its going to be sent over the the white house the legal team will review it there. Im told by a senior official that President Trump intends to sign it as soon as possible and that you may see a photo op of him doing that those details are still being ....