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Transcripts For CNBC Power Lunch 20240713

Coronavirus confirmed in the u. S. New york, new jersey and connecticut are banning all gathering over 50 people and closing dine in restaurants and bars following that recommendation from the cdc. U. S. Airlines are seeking 50 billion dollar in government assistance and if approved, it would be the industrys first broad bail out since after the september 11th attacks we have full Team Coverage this afternoon. Bob is monitoring conditions at the new york stock exchange. Rick is out at the cme watching the bond market. Bob, well begin with you. Third trading halt in the last six trading sessions. Thats this morning after the open 9 30 or so. 15 minutes the s p down 7 these trading halts have, at least, served to slow the markets down a little bit and do bit put a bit of a break on things well keep an eye on that. Were continuing to see this bifercation in the market. Health care and staples are out performing this has been the trend ....

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Oil prices down nearly 1% on growth concerns, high US inventory

Indications that the US Federal Reserve may go slow on its rate cut plans also have weighed on crude prices ....

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Brazil Biofuels Market is Expected to Reach US$ 15.62 Billion by 2030 | CoherentMI

Brazil Biofuels Market is Expected to Reach US$ 15.62 Billion by 2030 | CoherentMI
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Oil prices continue uptrend, traders eye Fed meet

Traders would keenly watch the meeting of US Federal Reserve’s Federal Open Market Committee scheduled this week. ....

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With oil at $90, refining margin of Indian players to stay at $9-10/barrel

"The Urals had mostly traded below the G-7 imposed price cap of USD 60 per barrel but have breached the cap in recent weeks whereby it is trading at around USD 69. Upon the rise in prices of the Urals, the share of Russian crude in India s total crude oil sourcing basket declined to 34 per cent in August 2023 from nearly 40 per cent since the outbreak of the Russia-Ukraine war," it said. ....

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