Futures and negative territory for the first time on record. Air travel is floundering with carriers slashing services and grounding planes. Richard branson says the virgin operation may not survive. Today was big story the crash in oil prices. We have the wti futures settling at 37. 63 per barrel. You are taking a look at june futures at the moment. This of course still at a volatile level, but the real question being is will it suffer the same fate . Today, we saw the technical auditing exacerbating the price plunge away from the may futures contract ahead of the Energy Companies running out of place to store oil. U. S. Futures jumping 3 10 of 1 after they pulled back from a six week high. Quibi stocks under pressure. Jim. Ng us now is what was interesting in todays session was it a virgins we saw in the market. We had the price of oil collapse but at the same time, really not a lot of movement when it comes to the u. S. Stock market for the treasury market. Why are we seeing such di
Bloomberg. We are targeting parts of the business where we are not generating acceptable returns. Matt apple falls short. The iphone maker expects to miss its quarterly revenue goal because of the coronavirus. And bhp warns of a hit to Raw Materials demand and prices the virus fallout extends. We actually have glencore across the terminal here saying it is going to take a 2. 8 billion impairment charge. It sees the scope of three emissions falling by 30 over 15 years. Bit, 2. 4arketing a billion. Recommended 2020 base distribution of . 20 a share. That will be the dividend news. Carbon emissions falling, coal mines deplete. Glencore says it is watching coronavirus developments. The bottom line in terms of earnings before interest and taxes was 4. 15 billion the estimate was for 4. 07 billion. Doing a little better in terms of adjusted earnings before interest and taxes. We are also getting eu car sales. European car sales dropping 7. 4 in january as new taxes hit demand that is already
Oil slides into a bear market as trade tensions add to slowing demand. Brenda cost 20 since its april high. Cost 20 since its april high. Shery stocks rebounding. Treasuries paring back some of the earlier sturges we saw this week not to mention the dollar surges we saw this week, not to mention the dollar. We had brent falling more than 20 since its april the and sliding into a bear market. This despite the fact that we are seeing eight consecutive weeks of your talk piles declining u. S. Stockpiles declining. 1. 4 . Sdaq gained lets futures at the moment under a little bit of pressure, down. 1 . Lets see how things are shaping up in the asian markets as we have a few centralBank Decisions. Sophie it could be a mixed start for the asian stocks after a fiveday loss with several major market threatening to join the kospi, writing our yeartodate gains. Wiping out yeartodate gains. Check out tv stocks, jumping 1 one hour into cash trade. 10year gilts hovering around 10 . The aussie dollar
Of showers in a short time, thunder and lightning, the best of sunshine for eastern coast of england and eastern coasts of scotland, some gusty winds associated with the showers, quite widely 30 110 miles an hour, somewhere on the south coast you could see gusts of 50 miles an hour. In the sunshine on eastern coasts, 21125, 19 22 in the showers and we keep the showers going through this evening and overnight. They track their way further north and east, through the midlands, north wales, Northern England, parts of scotland, try for Northern Ireland, try across central and southern england but another muggy night, temperatures not lower than 14 night, temperatures not lower than 1a or 15. Here is the area of low pressure responsible for these heavy showers, still with us tomorrow. By this stage its pushing further north and east, the main focus of the showers will be through north wales, midlands, Northern England, starting to work into scotland, not so starting to work into scotland, n
Major currencies this morning. Iain conn, the chief executive of centrica, which owns british gas, announces hes stepping down after a challenging period for the company. Poorer pupils trail 18 months behind the rest of the class once they take their gcses, according to new research. Coming up in sport, gareth bale pulls out of real madrids pre season trip to munich after his big money move to china was blocked by the club. Greg and amber and, as the winners of this years love island are crowned, well ask whats made the reality show such a success. Good morning. Welcome to bbc newsroom live. A former high courtjudge says police may have broken the law in the way they investigated claims of a paedophile ring at westminster. Carl beech was jailed for 18 years last week for perverting the course of justice after lying about his claims. Sir Richard Henriques, who carried out a review of the Scotland Yard inquiry, claims that warrants to search the homes of some of those beech had accused o