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It is the new epicenter. It is spreading like wild fire. The Oil Price Wars raging on this morning. Saudi arabia says it will boost production to the max, 13barrels a day as russia is increasing production as well. Mornings with maria is live right now. All right, we want to start with Global Markets this morning. Ftse 100 up 50 points. Cac quarante up 83 82. The bank of england announcing an emergency rate cut this morning, 50 basis points, bringing that rate down to a quarter of a percent, thats from the bank of england. In ash overnight red across the board. Take a look at the story. Worst ...

Last night iran launched Ballistic Missiles at iraqi air bases that housed u. S. Troops and none hurt, nasdaq was higher about an hour before the close so is this market being resilient or are investors being complacent sell sell sell. Why not both. Thats what it needs a combination of these two forces first lets cover complacency. Few days ago the president of the United States ordered the killing of an extremely bad iranian general who has been major architect of state sponsorship in the region. Im not litigating whether that matter what matters most commentators immediately assumed we were ...

European banks. This morning, things are shaking some of those concerns just a little bit. The dax is up. 75 . The cac in france up. 30 . The ftse is flat. Crude oil picked up. Pushed back above 40 yesterday towards the later half of the session and that did help stock prices. This morning, wti giving back about. 25. 40. 60 is like a c minus. Every time it fulls below 40 m people think ha is going on. We did get numbers on gasoline drawdowns. That helped some of the oil prices. Maybe the demand picture not as weak as people have been concerned. Well talk oil over the next three hours. Good mor...