Nearly full with no buyers insight. The otherworld benchmark bench crude is down by 62 since new years day and falling. Demand to so will refineries now working at only 69 of capacity a level not seen since the great recession. Oil refinery giants marathon closed three other refineries including the one in concorde across the county. Many producers keep pumping oil because shutting the wells down may seriously damage them. Or decrease their future production. U. S. Producers with their higher production costs will be the 1st to shut down. Causing big losses for their shareholders and bondholders. Very likely many of these committees are going to go bankrupt is the price of oil were to go back up they would start producing oil demand for gasoline down 50 diesel down 30 . Jet fuel down 75 . As of today the aaa fuel gauge ort says the average price of a regular gallon of gas, across the nation a dollar 81. That is 0. 34 per gallon less expensive than a month ago the dollar three a gallon
Rescinding the carbon laws. , data in the u. S. , 8 30 a. M u. S. Jobless claims. The Bloomberg Consumer comfort number at 9 45 a. M. P. M. , the Consumer Credit number four june. Earnings, before the bell, wendys, duke energy, and amc. Bell, news corporation, not 21st century foxconn with the unit that owns the wall street journal. I cant keep track of the names. It is the wall street journal, essentially. News corp. 19thcentury . This is what Rupert Murdoch loves. Maybe newspapers can make money on their own. With a pay wall. Cbs, lions gate, and solarcity as well. Bank of england comes out with its Rate Decision at 7 00 a. M. , ecb comes out at 7 45. Of the important out press conference for governor mario draghi. That will be a remarkable press conference. A data check. Stocks, bonds, currencies, commodities. Futures bounce after a tough number of days. Interesting to see how the equity markets in the u. S. React after what we healed from frankfurt. Oil south of 97. Vix, 16. 37. Ge
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Donald sterling. Any moment now, nba commissioner ad sam silver will make an adam silver make announcement on the investigation. Lets go straight to the our panel and i inspiration for jerry maguire, Leigh Steinberg, we have sports attorney lee olenick and sports Business Journal adam kaplan and fox newss brian kilmeade. Give me the legal perspective on this one. What can he do. What he can do the commissioner can suspend him indefinitely and fine him up to 2. A Million Dollars. Constitution and within the bylaws allows for that. He can get rid of him. Melissa lee, that is not really get rid of him. Do you feel like that is meaningful punishment . If he suspended not doing business at work but could do anything from anywhere. A few Million Dollars will not make a difference for somebody worth billions. Do you that is meaningful. Whats going to happen here, they will indefinitely suspend him and they will start pushing to get the franchise transferred over. This is his last day as activ
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