Jim Cahn News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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...

Very good morning to you. And warm welcome on Worldwide Exchange. President obama speaking live at hiroshima. Well have a live report in a few minutes but lets bring you up to speed on the markets after a week that say the best two day rally since early march. At this hour the s p would open slightly positive. The dow opened about 14 ponies up. The nasdaq about 10. The big story has been energy. Domestic crusade hitting 50 for the First Time Since october. Pulling back a bit in the session. Hit the highest levels since october last year. You can see it sitting about 49 bucks a barrel right now...

Whether it could lead to the next blockbuster drug for amgen coming up. First, though, lets get to the latest fed speak and retail earnings with steve leaseman. Courtney reagan is monitoring that walmart earnings blowout. Steve, kick things off for us here. President bill dudley in a press conference earlier today following up on those sprys minutes yesterday suggesting a rate hike is possible and even likely in june or july if the economy cooperates as expected. Now, day after the minutes dudley said pretty much the same thing. He suggested that his base case is for a kind of for improvement ...

Unprecedented but it is rare. Well ask people about that. The industrials bounce back today and what appears to be a deescalation in japan, letting putin claim hes pulling troops back from the border and is calling for a dialogue on the crisis. Is the market reading this one correctly . And weve got jim brent coming up in the 4 00 hour. Hes some of the guys that gmo have been saying if you want to wade into an area thats incredibly cheap albeit risky its russia and gas prom. That trade paying off well today. Well talk to him about that. The russian market up 6 today after mr. Putin made those ...

More on that in a moment with our trader. And about that china thing. It has all the makings of a bubble. Chinas runaway growth may soon run into a wall a construction wall from the biggest building boom in history. Dozens of new cities thousands of gleaming towers, all empty. Theres talk there may be economic ruin for investors. And, when the employment numbers come out this friday, if at least 175,000 jobs are added to the economy, get this the number of working americans will be the same as it was just after Lehman Brothers failed 4 andhalf years ago. It was lehmans collapse that accelerate...