35 Burst results for "US West Texas Intermediate"
"us west texas intermediate" Discussed on Mornings With Gail - 1310 KFKA
"Fifty one thousand and fifty one dollars as el salvador becomes the first country to adopt it as legal tender yield on the ten year treasury this morning one point three six. Us west texas intermediate crude oil. Sixty eight eleven. That's down a dollar eighteen so far this year. The dow is up fifteen and a half percent. The s&p is up twenty point. Seven and the nasdaq is up. Nineteen point to economic news this week. We'll get jobless claims thursday morning and inflation at the wholesale level as illustrated by the producer price index on friday. Sounds like a plan. all right. we're talking last week. About the trust fund social security and everything that that entails using the right nomenclature there sti the old age security and disability insurance trust fund. It's very good off the top your head now that any reason for concern because how many decades. I'm not gonna say years. How many decades of we heard that. Oh when you go to draw your social security it ain't gonna be there that's not true. Even if the the trust fund was totally drawn down even if the congress allowed the trust fund to be totally draw down to zero. It wouldn't know no they'll ignore it until it becomes a more serious problem until they have to. They're forced to do something about it. But even if they let it be drawn completely down the money coming in from paychecks every month would be enough to keep your social security going if you're collecting it. At the rate of seventy five percent of what. You're getting of what you would be getting. Before the trust fund went to zero so again the trust fund only provides about a quarter only about a fourth of what social security recipients. Get in there check every month so then the question becomes a ones that congress going to do something about it well. every year. there's a bill introduced and we keep trying to keep up on that and it wasn't really nothing has changed dramatically one bill. That was introduced. This summer says changed the chola. The cost of living adjustment. The chola change that from the consumer price index for an urban working couple where his now to the and i don't know what the acronym is the retired. The consumer price index for a retired couple retired people and that would drop the cost of living adjustment now. Wouldn't cut it huge dramatically but it would drop that cost of living adjustment moving forward a little bit and so that's kind of where it is. Nothing's changed their bills introduced. But we're getting closer and closer and in the past few years the projection of that trust fund..
"us west texas intermediate" Discussed on Mornings With Gail - 1310 KFKA
"But that's temporary that production. Those refineries will come back online soon while they've got to do damage assessment. I exactly exactly some might come back online sooner than others. Oh of course yes but remember. Gasoline prices are sticky. They're quick to go on and slow to come back down so i did. Oh before that. I did a walk around. You're listening area and looked at after average gas. Prices i i got a us west. Texas intermediate crude oil up twenty seven cents at sixty nine dollars. A barrel remember wasn't long ago that us west crude the benchmark us crude traded over seventy dollars a barrel. So yeah it did come back up and it was down in the sixty. Two's i think. Sixty three's before the beast gasoline prices bumped up late last week. But these are this morning's numbers in colorado the average three dollars sixty one cents a gallon. This is a for regular not old fashioned regular but regular now the nebraska statewide prices to ninety nine california's four thirty nine again. Colorado is three sixty one on average a lot of people around northern colorado. Drive up to cheyenne. You don't get that big at break. It's three forty seven in cheyenne. Yeah i saw one of the marquees at the gas station and west loveline. It's up to almost three eighty eighty. That caught my attention. We're almost up to four dollar a gallon gaffe. Well that was like three forties before it took. That jump wasn't it. I'm searching my memory. It was three seventy nine nine. Let's call it was three eighty. Yeah okay okay. You're talking about after the height. Yes so that's very real and as gail says you know they'll do damage assessment to both the production and the refineries but they will come back online remember. The gas prices are sticky. They're quick to rise and slow to come back down so go to the markets today and tomorrow the last two trading days of august so far this month the dow is up one and a half percent..
"us west texas intermediate" Discussed on Mornings With Gail - 1310 KFKA
"And here's the thing about that. That would further fuel the rally in the big tech stocks so just a big f y with all of this morning pay attention to what the fed comments are read because they'll be lot of reading in between the lines exact midday because i expect more word casserole coming shape how you know it was funny. I heard a one fed watcher the morning relative to how we work our way through to interpret what j. pow is actually saying saying that. It's a long standing joke. That it took alan greenspan three times to proposed to andrea mitchell. Before she understood what he was really asking. I wow that was pretty ahead. Matt is good. Good good okay. A couple more quick things here analysts now saying that by failing to agree to raise production opec may have opened the door for more volatility in oil prices. Us west texas intermediate crude oil traded his highest own. Just two sense away from seventy seven dollars a barrel yesterday before falling back to seventy 453. Analysts say that without that opec agreement the volatility and the oil market may get worse before it gets better west texas intermediate crude oil at seventy three ninety. Six this morning and brent crude oil. That's the world's benchmark at seventy five dollars in four cents and get this the ever given containership that blocked the suez canal in march may soon set sail. I mean i'm talking within days maybe hours. It doesn't have to go back through the suez. Does it already did that. Yeah it's owners and the egyptian government are said to have reached an agreement said to be worth two hundred million dollars and throw in new tugboat sources. Say that much of the cargo on the ship is now worthless. scher exactly. Yeah it's rotted or if it was carrying livestock. it's probably dead. It was really really sad. You know it's interesting. Because at first the egyptian government reports were wanted two billion dollars from the owner of the yes. Yes and now. It's just being that's being reported in the story but they're also saying that sources who are close to the agreement are saying it's hundred million and throwing a new tugboat and you gotta deal. Tugboats aren't whoa. How much does the tug. Why don't know. Maybe i'll look that up throwing a little bit. Sheesh will be good zaki hawass he the godfather of the pyramids. Yeah exactly which you were able to go. Deep into the pyramid tourists cannot yeah. It was it was just like altering experience life. Altering what did you take from that whole experience being in egypt seeing people that ride camels down the street talking on cell phone right exactly have the jumbo jets flying over the pyramid. It's just think of what you are seeing there in the cradle of civilization from the very beginnings to modern technology..
Oil Prices Extend Gains After OPEC+ Talks Fail
"Well it it's standoff. Interesting choice of words Let me explain. What's going on here to the best of my ability in april of last year opec and its allies who together are known as opec plus or cartel all forgot choice. Awards there yeah. Yeah opec plus reduced its oil production by ten million barrels a day to support prices as demand dropped through the floor. A man demand dropped because of the worldwide pandemic well with demand rising now this year. Prices have risen. Well well over fifty percent. I believe the latest number. I've seen as fifty seven percent and now in recent days in an effort to curb that spike in oil prices. The opec plus group began discussions just last week to raise production by four hundred thousand barrels a month from august through december that would raise production by two million barrels. Those talks fell apart over the weekend. The opec secretary general set only only. The date of the next meeting will be decided. In due course kind of the equivalent of exactly exactly and oil prices continued to rise west texas intermediate this morning at seventy four dollars. Seventy five cents. A barrel brent crude at seven the world benchmark brent crude at seventy six dollars and a penny of barrel oil prices have risen to a six-year high as gail said earlier and with that energy stocks including shares of like occidental pete and conaco phillips they are higher as
"us west texas intermediate" Discussed on Bloomberg Radio New York
"The shake was created in 1967 by Hal Rosen, Connecticut, McConnell's owner operator who invented the sweet Freedom celebration of ST Patrick's Day. I'm so marvelous And I'm Karyn Chase in the Bloomberg newsroom U. S. Markets are closed for the President's Day holiday, but there was trading in Europe. The footsie in London closed up over 2.5%, the CAC and Paris was up over 1.5% and the DAX in Germany was up. Nearly one half of 1% oil rally do a 13 month high as cold weather in Texas. Disrupted flows from America's largest shell patch, exposing the fragility of global supplies amid sharp cutbacks by OPEC in its allies. US West Texas Intermediate futures surged as much as 2.5% and rose above $60 a barrel for the first time since January of last year. Bristol Myers Squibb and Sanofi have been ordered to pay the state of Hawaii more than $834 million for illegally marketing their blockbuster blood thinner. Plavix Hawaiian judge concluded that the companies failed to warn consumers about its health risks. Several major U. S Airlines met with White House officials to press their case against requiring Cove in tests. For domestic passengers, details from Bloomberg's Charlie Palate, They say it would undermine the already fragile industry, A source says The Biden administration is not currently planning to impose a requirement that passengers on domestic flights first pass a covert 19 test. CEOs of American United Southwest Alaskan JetBlue all took part in that meeting. Charlie Pellets Bloomberg Radio. Top economists, including Nobel laureate Joseph Stiglitz and Lord Nicholas Stern, are warning the US against underestimating climate damage, saying, returning to estimates for the cost of carbon dioxide used in the Obama era. Would leave the U. S. Far behind it's Paris Agreement goals. British Prime Minister Boris Yeltsin is hailing as a milestone that 15 million British citizens have been vaccinated so far against Cove it Global news 24 hours a day on air and on Bloomberg quick take powered by more than 2700 journalists and analysts and more than 120 countries. I'm Karen Chase, and this is Bloomberg. Thank you so much for joining us for this holiday edition of Bloomberg Daybreak. I'm Nathan Hager. The markets are closed for President's Day this hour will preview this week's big earnings report from WalMart. Plus, we may have switched administrations, but there are still active antitrust cases against Google and Facebook. Bloomberg intelligence senior litigation analyst Jennifer Real bring us up to speed on the latest developments. First the retail stock frenzy. It gripped both Wall Street and Main Street over the last few weeks, and this week a key hearing begins in Washington from or let's welcome. Bloomberg radio and television financial correspondent Shonali Bosic. Shonali is the reckoning gonna be coming in the House Financial Services Committee. We'll see. We have seen financial services executives come to Washington before, with very little come out of it besides of color into how they operate But that color this time around could be very useful to a lot of people. I would say Yeah, let's get up to speed a little bit on just what happened As far as the retail friends. He goes in a lot of ways. It's still hasn't gone away in terms of the volatility surrounding these Mihm's stocks. Yeah, and that's the one thing you know we've seen this volatility and stocks come for a while by the retail traders. Ever since commissions were bought 20 more largely among the large brokerages. We've seen a real rush of day traders coming into the market, so it's been happening for a while this year. It, of course, really hit a new level when we've seen them squeeze some major hedge funds that were very short on some of these stocks. To very high degree degrees that we don't normally see, actually, right, And there's raising a question, of course about whether this squeeze was really driven by the retail traders those day traders or whether there may have been some manipulation going on, particularly from the comments we heard in recent days from From Carson Block of muddy Waters and wonder whether that's gonna be part of the discussion we see from the lawmakers in Washington this I would expect to hear them ask a question about it, especially if they have hedge funds joined the hearing along with Robin Hood. Or remember, there's a few parties that were going to be looking for. It's Robin Hood, which really limited trading of certain securities, and that really upset a lot of customers. It upset a lot of politicians. Really Robin Hood had to do this toe. Make sure that they were meeting requirements. They're clearing house and had capital on hand. But there will be questions around why this was done and how it can be prevented in the future, But the hedge funds themselves If they're our hedge funds that are being brought to D C. We will be looking for questions sent to them about. Why they were so short, right? We shouldn't. They have been maybe moderating the wrist better to begin with. And then there's a third party here that Nathan that is very difficult to understand. Robin Hood sends a lot of its orders to, uh, market maker. Called Citadel. Security is one of the biggest ones in the industry, and that's why they're real focus here, its majority owned by billionaire Ken Griffin. There is going to be a lot of questions. Asked about this process called payment for order flow, in which market makers like Citadel securities pay Robin Hood and other retail brokerages for the retail trades, and that's gets to a lot of the question that I think a lot of lawmakers are going to have at this hearing in the coming weeks about whether Retail investors were really up to speed about some of the plumbing that goes on behind those zero commission trades. I mean, what kind of if not just discussion, but actual change? Could we see come out of this? Do you think we're going to really have any? It's a great question, because as at least so far, we have not seen an organized discussion. About what regulators are actually looking for. It seems like they're looking at a lot of different things. We've had Elizabeth Warren frustrated about how hedge funds are able to trade freely, while the everyday person has a different set of rules to abide by. We've seen issues around payment from order flow by other people. So there's not an organized way to look at this issue. And then there's another issue all in and of itself. Which is this social media issue and the new role that it's or expanded role, right. We've seen this a Twitter and even Yahoo. In the past the expanded role places like Reddit are playing in terms of really pushing up certain stocks and whether some of these people are doing it for the right reasons. Again. The SEC is a big part of this this'll puzzle. But what we're looking to on February 18th is very simply. Ah, lot of answers from for a lot of questions across the board and in terms of the way the f the SEC could be addressing this. I mean, we're really at the very early stages of what they could be looking at, right? I mean, they met with Treasury Secretary Yellin. In recent days and a lot of those questions that we could be looking for answers for really Haven't gotten those answers just yet..
Stocks Waver in Wednesday Trading, Pausing Market Rally
"Stocks started the day off and then began to slide. Now they're fluctuating another sign that investors are taking a breather after pushing markets to record highs. Investors are betting President Biden's $1.9 trillion stimulus package will help bolster the economy while vaccinations help reduce covert 19 cases. Let's look at the S and P. It is down. Well, it's little changed down three that out. Jones Industrial average is up 1/10 of a percent of 30 and the NASDAQ is down 3/10 of a percent down 45. 10 Years up 4 30 seconds. The yield 1.14% West Texas Intermediate crude oil's up a half a percent of 58 68 of barrel Comex gold is down 1/10 of a percent 18 36 even per ounce. Dollar yen, one of 4 65 the year old dollar 21 34 on the British pound. Another 38 46, a key measure of prices paid by US consumers, was unchanged for January. This was the second straight month of such was the case, underscoring the pandemics lingering wish strain on inflation. That financial markets seat
"us west texas intermediate" Discussed on WBAP 820AM
"Announced that federal disaster assistance has been made available to Texas. Supplement local recovery efforts in the areas affected by Hurricane Laura this past August. Federal funding is also available to certain private nonprofit organizations on a cost sharing basis. It's for emergency work and the repair or replacement of facilities damaged by Laura and Galveston, Jasper Jefferson, Newton and Orange counties. Time now for Texas business here, Spencer my gallon from network radio. Well, the Dow stalled it 30,000 this morning, The NASDAQ is down a half a percent. Job openings did increased to 6.7 million, even though jobless claims were up with some of the draconian shutdowns. Morgan Stanley predicts economic growth for 2021 at 6%, and that includes the US West Texas intermediate crude 46 18 of Barrel Rising 66 cents. I'm Spencer McGowan, president a gallon group. Net worth radio dot com From the W B A P News desk. I'm Nicolo say your next update is at eight. 24 7 coverage at WB ap dot com. You talk about contact tracing after he's already hugged all these people out of cow. Can you properly monitor the situation to the NFL handle this correctly? I don't think so Way supposed to Utah Jazz it right. We were supposed to run into court and say, Hey, you can't play this game. Well, they did play the game NFL instead of Ryan Clark after we find out Dez Bryant and tested positive for Corona virus. About a half an hour before the kickoff against Alison Tuesday night. Good morning from our WB AP Sports Chess Game Steve Lamb, the NFL insisting yesterday they didn't cut any corners with contact tracing where Brian was on the field involved Baltimore participating in the warm ups when he was notified of the results. By that time, he was had already been seen hugging and talking with players on his old team without wearing a mask. The league didn't identify any high risk contacts after interviewing Bryant. As well as other club personnel and taking a look at the data from his contact. Proximity tracker Cowboys. They're keeping their fingers crossed. Nobody comes up positive as they go about getting ready for Sunday's game in Cincinnati. That's right now the Longhorns game a Kansas is still on this Saturday, even though the football program at UT is halted all their football out operations due to Cove in 19, the number of people who have tested positive Is up to 11 after yesterday's testing Ater players and three are staff members speaking of cowboy, and it ain't no woman, flesh blood. It's that damn rodeo. Last night was a big night for Utah cowboy steps and right at the National Finals Rodeo glow by field. He became.
Nasdaq closes down nearly 2% as tech sector weighs on stock market
"A sell off in some of the world's biggest technology companies weighed heavily on the equity market, dragging down stocks amid dimming prospects for fresh stimulus. Today. The S and P 500 Index dropped 29 points down 8/10 of 1% the Dow Down 105 down 4/10 NASDAQ tumbled 243 down 1.9% the NASDAQ 100 Index halting its winning streak down 2.1% tenured on 5 30 seconds 10 Year Yield 100.93% Hold down $31 the ounce down 1.7% 18 38 West Texas Intermediate Crude up 1/10 of 1% 45 66 a barrel Hypo Watch a Seat three. A. I think that's the software maker founded by former Oracle executive Tom Siebel up 120% of its trading debut from the price and it's $651 Million. AIPO and shares of unprofitable food delivery platform door Dash surged 85% in their trading debut today. And the latest sign of investor exuberance. And what has already been a record here for I pose again recapping equities lower with the S and P 500 Index down 29 down 8/10 of 1%. I'm Charlie Pellet that his a Bloomberg
"us west texas intermediate" Discussed on Mornings With Gail - 1310 KFKA
"Do list got longer and longer the exactly price of us west. Texas intermediate crude oil holding in the mid forties on the hope that vaccines will increase demand for oil transportation The first several months of the new year west texas intermediate this morning just over forty six dollars a barrel so far. Nothing on a dash by the way if you're watching for that this symbol as dash d. s. h. trading on the new york stock exchange gail about an in a little bit over an hour ago. You talked about you. Were talking about the restrictions and match that houses of worship and funerals weddings magically now essential according to the colorado department of public health and environment. Yeah why why did they. Why the term because the supreme court when after new york in a five to four decision saying that the restrictions being placed on houses of worship were not enforceable so how arbitrary are these. is that rhetorical. Yeah yeah they leave that as as a rhetorical question song interview yesterday on cnbc. Tillman tillman fertitta. Is the owner of the houston rockets. Okay but he's a businessman a very experienced business person as well and he's just made an observation. All of the people making the decisions to shut down. Businesses are still getting their paychecks every week. And why can we get on an airplane with one hundred to two hundred people sitting shoulder to shoulder And closed for two hours. But we can't go in and sit down at a table at a restaurant while because it's because of the effectiveness of the the ventilation system. Not i know that sounds a little bit skeptical and snarky not meant to sound that way because apparently yeah those ventilation systems on steaming. Aluminum tubes are pretty darn good but he asked some very good questions. I double down. How many of the people making the decisions that are seemingly arbitrary and capricious when it comes to this revolving door of ever changing. Covert nineteen restrictions..
Dow ends down over 167 points as stocks retreat from records
"Today on Wall Street stocks eased off their records as investor focus shifted to the surgeon cases. Along with new lockdown measures, including it'll annoy that overshadowed optimism that covert 19 vaccines will eventually and the pandemic s and P 500 index down 17 a drop Today of 5/10 of 1% the Dow Down 167 down 6/10 of 1% and NASDAQ fell 24 points lower by 2/10 of 1% Tenure up 14 30 seconds. 10 Year Yield 100.85% Gold down 4/10 of 1% 18 80, the on Sam, West Texas intermediate crude. Lower little changed out two cents. 41 32 a barrel. I'm Charlie Pellet.
Dow ends down over 160 points as stocks retreat from records
"Hank Waters, I'm Charlie Valadez, and he remains lower. The Dow was well, pulling back from records and as stank on the plus side now NASDAQ of 18 again thereof. Just about 1/10 of 1% stocks, easing off records with the Corona virus inside the S and P down five, a drop of 1/10 of 1%. The Dow is slumping 89 points lower by 3/10 of 1% should point out that NASDAQ has been swinging between gains and losses. NASDAQ 100 Index Up today by 1/10 of 1% for Russell 2000 up by 5/10 of 1%. 10 you up, 9 30 seconds 10 Year Yield 100.87% Gold Now down 2/10 of 1% 18 85 The aunts and West Texas intermediate crude down two cents little change their 41 31 barrel. I'm
Thursday's Bloomberg Business Flash
"Take This is a Bloomberg Business World Headquarters. I'm Charlie Pellet. Apple shares little changed after ours. Apple reported quarterly results that topped Wall Street estimates. The record sales of Maxim Services made up for a delayed iPhone 12 launch China revenue, however slumped. The company gave no forecast for the key holiday quarter. Amazon projected a steep jump in sales in the current quarter, topping analyst estimates. Amazon shares trading lower now by roughly 1% Facebook posted up better than projected gain in third quarter revenue, indicating that a major advertiser boycott of the social network had limited impact against the backdrop of a broader revival of spending on digital marketing. Facebook shares up now by roughly 1%. Also out after the closing bell alphabet. It returned to growth in the third quarter after a decline in the previous period. Alphabet chairs surging now by 7%. It was an update on Wall Street with the Dow, the S and P and NASDAQ all rebounding from yesterday's route s and P Up. 39 up. 1.2% the Dow off 139 5/10 of 1%. NASDAQ Up. 180 UP by 1.6% 10 Year Down 17 30 seconds 10 Year Yield 100.82% Gold down 5/10 of 1% 18 60 70 ounce West Texas Intermediate crew down 3.5%. 36 await a barrel. I'm Charlie Pellet. That is a Bloomberg business Flash.
Closing prices for crude oil, gold and other commodities
"S and P is up just about 1/10 of a percent of three. The Dow's down at something over seven down 30. The NASDAQ is up a half a percent of 50 for 10 years up for 30 seconds. He'll 300.78% West Texas Intermediate crude oil is up over 1% at 38 98 a barrel while Comex gold is Just over 1/10 of a percent of 1909 20 announced the dollar yen 104 60, the euro dollar 18 38 on the British pound Feller 30 36 home prices in 20 of the largest U. S. Cities are up Most in two years for August as well mortgage rate spurred competition for increasingly scarce supply of listens. The SNP corelogic Case Shiller index property values climbed 5.2%. A year ago.
Stock market news today: Dow, S&P waver on stimulus holdup, earnings
"Most stocks rose after the Trump administration resuscitated hopes for a spending package. Treasuries remained higher. 10 Year Yield 100.83% on this Friday the S and P up 12 closing at 34 65. That was a gain of 650.35%. Today, The Dow tumbled 27 points lower by 1/10 of 1% at the worst level but now have been down. 213 dropped their of 7/10 of 1% NASDAQ up 42 for the NASDAQ composite index. That was a game Just about 4/10 of 1% on the week as MP had a weekly loss of about 10.55% Bob Doll is chief equity strategist of Nuveen. He was our guest moments ago, right here on Bloomberg BusinessWeek. So the market is saying, and I think they're a lot of fundamentals to suggest. The largesse of policymakers, monetary and fiscal all around the world are going to provide us with some grist for the mill. If he will, economy is going to be okay now that's dependent on covert behaving itself with some point And eventually a vaccine. Intel after earnings dropped 10.6% today until slumped after a surprise drop in data center. Sales of tepid forecast added to concern that the company is losing its lead in computer chips. American Express is constituting program fell short in the third quarter. American Express shares shares today today down down by by 3.6%. 3.6%. Mattel Mattel rallied rallied after after third third quarter quarter results results shattered shattered expectations expectations Motel Motel up up today today by by 9.6% 9.6% rival rival Hasbro Hasbro Up Up by by 2.4%. 2.4%. So So again, again, recapping recapping turned turned out out to to be be a a mixed mixed day. day. The The down down lower lower SNP SNP NASDAQ NASDAQ Quoth Quoth Higher Higher Gold Gold Little Little Change Change Down Down 72 since the ounce at 1903, West Texas, Intermediate Crew down 2.2% re capping SNP up 12 gain of 4/10 of 1%.
Tesla shares jump 5% after reporting fifth consecutive quarter of profits
"Up now by 3.5%. Tesler reported. 1/5 consecutive quarter of profits also says that Remains on track to deliver 500,000 cars in 2020 Chipotle Mexican Grill shares their tumbling 4% after ours. Third quarter sales beat analyst estimates, but shares move lower after the burrito chain said fees paid to a delivery partner. Eight into profitability. Stock slipped with the Dow, the S and P. NASDAQ all declining today in a volatile session, the White House and Democrats nearer than a deal but signaled it's unlikely to become law before the election as MP down seven A drop of 2/10 of 1% the Dow Down 97 a drop of four tents. NASDAQ Down 31 A drop of 3/10 of 1% Tender down 11 30 seconds. 10 Year. Yield 100.82% Now gold Up 11 cents at 1920 for the ounce. And West Texas Intermediate crude fell 4.1% $40 even on W T I So again recapping Tesla higher after ours up Now by 3.4% that out slump too tense. The
Nasdaq soars as tech stocks lead a market rally
"S and P and NASDAQ up the highest in almost six weeks amid a rally in tech companies, as Paul mentioned traders awaiting earnings from banks. And news on a fresh round of economic stimulus. Let's get right to the numbers because stocks are flying on this Monday here with the S and P up 67. That was a gain of just about 2%. Now of 316 up 1.1% in the year to date column on the Bloomberg looking at a Dow up so far this year by 1.3% To put that in context so year to date, the S and P ease up 9.7%. While NASDAQ is surging by 33% so far this year today, NASDAQ adding on another 353 points up by 3%. We've got gold down 4/10 of 1% lower by $8 an ounce of 1922 west Texas Intermediate Crew down 2.5% 39 59 Bottom line Text of the standouts Briefly apple up 6.6%. Amazon up 6% Twitter up now by 5.7%. I'm Charlie Pellet. That's of Bloomberg. Business Flash. All right, Charlie. Thank you. So
Stocks close higher, with the Dow up 328 points
"Be an update on Wall Street. But US stocks did finish well off session highs. The Dow the S and P and NASDAQ all advancing today as some P 500 index up 27 points up 8/10 of 1% at the best level, the S and B had been up 58 points off 1.7%. Tao finished higher by 329 points up. 1.2% NASDAQ Up 82 Again of 7/10 of 1% 10 Year Yield 100.68% Gold Down 7/10 of 1% 18 85 the ounce West Texas intermediate Crewed up 1.4% 39 84 barrel again recapping on the S and P 500 index up 27. Gain their 8/10 of 1%. I'm
September FOMC Meeting Preview: The Fed Waits for Congress to Act
"Focus will be shifting to the Federal Reserve and next week's Fed meeting, of course, complete coverage here on Bloomberg Radio. Andrew Sheets is chief cross assets strategist at Morgan Stanley in London. We can't simply coast on an expectation of The central banks will solve all problems and I think this is what makes the debate around US fiscal policy. So important is that I think we're facing a really key decision point. Or how the economic growth in the U S, like going forward, And we think that would matter for markets even if the head keeps policies, and he was interviewed this morning on Bloomberg Surveillance, the 10 year Yield 100.66% Gold down 3/10 of 1% 1940 ounce crude West Texas Intermediate Up 2/10 of 1% 37 39 a barrel
U.S. Tech Stocks Decline in Worst Week Since March: Markets Wrap
"US stocks ended up volatile session today. Major averages were mixed. Declines in tech shares continued after a five month rally came to a halt last week as 10 P 500 Index Little Change today up by one point, ending the week heading into the weekend of 33 40. By less than 1/10 of 1% s and P By the way, positive on the year by 3.4% the Dow Up 131 points up by 5/10 of 1% NASDAQ fell 66 points lower by 6/10 of 1% for the week. By the way, NASDAQ was down 4% Thie SNP this week Down, 2.5% Down down by 1.7% 10 Year Yield 100.66% Gold down 2/10 of 1% 1941 the arms. And West Texas Intermediate crude little changed 37 31 barrel. It was also a losing week for crude. W T I this week down by 6.1% recapping volatile Friday Be up a point by about 1/10 of 1%. I'm Charlie Pellet. That's a Bloomberg business
US stocks struggle higher as tumultuous week comes to close
"Dr. Trying for another comeback as a tumultuous week of big swings comes to a close. Analysts expect swings to continue to rattle markets for weeks, if not months, as investors with more clarity on several key issues. At the head of that list of uncertainties, for now, at least, is what to do with your big pick stocks. We checked the markets every 15 minutes of trading day on Bloomberg, Brady of the S and P is up 4/10 of a percent of 15. The Dow's up 7/10 of a percent up almost 200. The NASDAQ's Up 1/10 of a percent of 16 10. Years up. 3 30 seconds. The yield 300.66% West Texas Intermediate Crude is up 14% of 37 46 a barrel Comex gold is down 3% in 1957 80 an ounce A dollar yen 106 18 the euro dollar 18 35 in the British pound that all 27 88 US inflation quickened in August, driven by the sharpest monthly game in used vehicles. Since 1969 and consistent with the gradual pickup in prices is the economy recovers from the pandemic. We check the market since I say every 15 minutes at the trading day. That's your Bloomberg business Flash. I'm Gregg Jarrett.
The Dow gains 293 points Wednesday, reclaiming the 29,000 level
"The virus first, Let's get to Charlie Pellet update on trade. Hey, Charlie. Well, hello there, Jason Kelly and happy Wednesday to you. Both. The Federal Reserve says the U. S economy showed signs of progress, but Continue to struggle amid the ongoing Corona virus pandemic and it's beige Book report Police 31 minutes ago. The feds said quote economic activity increased among most districts, but gains were generally modest and activity remain well below levels prior to the cova 19 pandemic. Equities are higher is the nearly relentless rally in risk assets continues supported by dovish comments from policymakers, the S and P 500 index is up. 39 points up 1.1%. Downs of 292 up 1% NASDAQ Holding Above 24,017 up, 77 points up by about 7/10 of 1%. 10 Year up 6 30 seconds. The yield 300.64% gold is down 1.5% now to 1940 ounce West Texas Intermediate crude is tumbling 3.1% of barrel of our
Stocks start August with solid gains, with the Dow rising 235 points
"Stocks started August with solid gains, however. Looks like it could be a tough act to follow. Today, though stock futures are down this morning, but yesterday let's dwell on that a little because it was pretty good. The NASDAQ closed at a record high, boosted by stocks like Apple and Microsoft. At the closing bell on NASDAQ was up 157 points. The Dow is up 236 t S and P 500 was up 23. Oil prices are down a little bit today. International benchmark brand crew, down 12 cents a barrel right now is a 44 03 West Texas intermediate crude is down by a dime. Prices were up earlier in trading because of positive economic news from the US, Europe and Asia. That gave way to worries about rising Corona virus cases globally and oversupply. With OPEC starting to lift output
Episode 2 - 16:00 07-07-2020 16:00 - burst 2 - expand 01
"Down one and a half percent lot of those losses really coming in the past fifteen minutes of trading the year of 12 30 seconds with the yield of .63% gold of twelve dollars an ounce of $0.07 1% $17.90 an ounce and West Texas intermediate crude down to 7:10 to 1% off. $40.35 a barrel a lot of concerns about the US economy and the potential rebound has for that rebound and how long it might take Matt Hannah's portfolio manager with some a global Investments. He was our guest moments ago right here on Bloomberg businessweek. Yeah, we all hope for a few Shades recovery but involves for history doesn't really provide such a recovery. For example, even the global financial crisis, which have 5 years ago from 10% unemployment to 6% you know, we're sitting at 11.
Expand 2 - 10:23 - Episode 2 - 16:00 07-07-2020 16:00 - burst 1
"All of the world twenty-four hours a day and bloomberg.com on the Bloomberg business app and Bloomberg quick take is Bloomberg Radio losing Bell. Wrong with the world headquarters on Charlotte, There was a down day on Wall Street Stock slumped Airlines and hotels particularly hard hit amid signs at World economy has a long way to go get back on track down for the closing bell at the New York Stock Exchange almost four shares fell on the S&P 500 index for everyone the gained the tech-heavy NASDAQ gauges dropped off a record intraday high in the afternoon a losing session there at or near session lows has some peace about 34 points down 1.1% NASDAQ retreating from yesterday the record down eighty nine point to drop of nine tenths of 1% the downtown 396 points down one and a half percent lot of those losses really coming in the past fifteen minutes of trading the year of 12 30 seconds with the yield of .63% gold of twelve dollars an ounce of $0.07 1% $17.90 an ounce and West Texas intermediate crude down to 7:10 to 1% off.
"us west texas intermediate" Discussed on NPR News Now
"Live from NPR news in Washington I'm Louise Schiavone. A new poll from the Pew Research Center fines race is affecting. How many Americans experienced the coronavirus pandemic? NPR's Daniel. Kurtz Lebron reports four in ten black Americans say that they worry. Others will be suspicious of them because of their race if they were a mask just under four in ten Asian Americans at just over two in ten Hispanics say the same meanwhile. Meanwhile only one in twenty white Americans say they have that worry. According to the poll released this week, some Americans say racism has increased since the outbreak in particular about six and ten Asian Americans say that it has become more common for people to express racist views about them since the pandemic began, some Asian Americans have reported. Racism and abuse connected to the viruses origins in China Danielle Kurt Slaven NPR news. Democratic leaders say President Trump should've known about intelligence reports that Russia offered cash payments to militants willing to US troops as NPR's Claudia Gonzales reports. The lawmakers say a lack of oversight may have left US troops in greater danger, the so called gang of a which includes leaders of Congress in the intelligence committees man with C., i., A. Director, Gina, hospital and other officials for the first time on the reports house speaker. Nancy Pelosi said the administration. Administration has enough information on the Russia bounty intelligence to know what to do next the white. House put con that if you don't have one hundred percent, consensuses on intelligence shouldn't rise to a certain level Senate minority leader Chuck Schumer, says I can tell us to have a Russia problem I believe that the president is not close to tough enough on glad. Amir Putin Republicans who attended the briefing declined to comment cloudy, Silas NPR news the Capitol. Hong Kong has charged its first person under a sweeping new national security law imposed Tuesday, NPR's Emily Fang reports. The suspect is a twenty three year old man who was arrested after attaching a flag to his motorbike and protest the flag red liberate Hong Kong Revolution, of our times, one of the hallmarks slogans of anti-beijing protests emerged last year and continued until now Hong Kong government said today that that slogan was subversive under the new National Security Law. The man surnamed. Tong was charged with one count of. Of incitement to the session and one count of terrorist activity, he scheduled to appear in court Monday. Nine other people were arrested under the National Security Law during protests Wednesday including a fifteen year old girl, they and thousands of others take into the streets to commemorate Hong. Kong's nine hundred ninety seven handover to Chinese rule and to protest the new law Emily Fang and pure news Beijing amid a dramatic spike in COVID, nineteen cases face coverings and public now are mandatory across most of Texas. This is NPR. The New York. Stock Exchange is closed for observance of the Fourth of July Independence Day holiday European stocks were flat. Oil prices are lower today amid concerns about a surge in us. Coronavirus cases and worries that jobs growth which was higher in. June could retreat. Brent crude was down fifty one cents at forty to sixty three, a barrel US west. Texas intermediate fell fifty six cents to forty. Oh Nine, a barrel vaulted President Mike Pence favors the idea of resuming in person education this fall. NPR's annual communists reports it will. Will take federal dollars that the government has yet to allocate the American Academy pediatrics and groups representing working parents are also advocating strongly for a return to in-person school this to address growing educational gaps from remote learning as well as children's social and emotional needs yet, dozens of national educated groups say they need at least two hundred billion more dollars in federal funding in order to reopen safely, and so far the federal government has allocated just thirteen point five billion in pandemic aid to schools on E. Cabinets NPR news. The communications chief of Boeing resigned yesterday Neil Golightly, a former US military pilot had written an article thirty three years ago. Arguing women should not serve in combat. Go lightly. resigned suddenly after a Boeing employees complained about the three decades old piece in a statement. He said he was now embarrassed by the piece. He wrote a twenty nine year old Cold War navy pilot, which he called wrong, and is not a reflection of who he is now I'm Louise Schiavone NPR news..
"us west texas intermediate" Discussed on Mornings With Gail - 1310 KFKA
"How would you like to get oil for Christmas now? Hang with that. We're talking canola olive keeping with that. Texas T T. The first three major market indexes posted their worst performance in months last week. Nasdaq down one percent. S&p Down two percent the dow down and a half percent but the markets are higher this morning. And that is an understatement. It happens as businesses reopened ahead of the Memorial Day holiday. We can then add these fed chairman Jerome Powell on sixty minutes last night saying the Fed is not even close to being out of ammunition and there is no limit on what the Fed can do okay but there was a good question. Are they just printing more money? Yes and he said the the cure to that is strengthening the economy in the coming year. And how do you strengthen the economy by getting liquid by liquidity in this case by injecting cash into the economy? Yeah again doubling down on the point that this is not a financial crisis hall evidence to the contrary he's been on begin with that and what the Fed is it could do? And what the Fed is doing? Hopefully will prevent that Powell. Said he is confident the US economy will claw. Its way back from the pullback but may not recover fully until Kovic nineteen vaccine is complete so add other things that are fueling the economy this morning moderna saying that tests have gone very well anticipating publicly that it will start phase. Three testing of its Cova. Nine vaccine in July is all right. We again have an environment where the history doesn't predict the future right. Yeah because unfortunately. The fastest that scene that ever came to fruition ever came to market. It was the Bulla vaccine for five years but now we live in a world of trump. I'm just saying take yes. So many things that are could be predicted by history have been predicted inaccurately history and could that be a factor. There's hope okay. Oil prices over thirty dollars a barrel for the first time in over a month. Production continues to drop and demand begins to rise. Us rigs in production of dropped to record lows for two weeks in a row last week. Us Stock Piles fell for the first time in sixteen weeks stockpiles of oil this morning us west. Texas intermediate for June delivery. It closes this morning up to fifty at thirty two dollars. A barrel and Y as demand continuing to rise because economies are reopening. Thank you very much. Yes completely okay now. My phone is closed me out. I need to get you the current market here team ship. That's that's what it's called. It's called team ship. Let me see if I can. You got it because I got Varney up the Dow up seven hundred thirty eight at twenty four thousand four hundred ninety four the seventy five at twenty nine thousand thirty. Nine the Nasdaq up. One hundred seventy two nine thousand one hundred eighty seven. I got the easy reader version for you. You do on Barney. Us Ten year Treasury Zero Point six eight percent couple of notes General Motors Ford and Chrysler plants now all back to making cars in the US and all have new virus safety measures in place Kroger. The owner of King Superstores here in Colorado will give one hundred thirty million dollars in bonuses to employees. Who worked right through the spread of the Corona virus late? I'm sorry repeat up off of our Kroger. The owner of king super is giving a hundred and thirty million dollars in bonuses employees. Who worked all the way through you? Talk about those most at risk. Those frontline grocery store workers. I mean Kudos to them. Can't say enough good about them. Yeah back to oil for Christmas. You look at the futures markets that is coal are more contracts for oil in December oil to be delivered in December more contracts for that than there have ever been in history So what does that tell you? It tells you the smart money right now. The inform money is betting that oil prices will be high and I went to a photograph this morning. I don't know if I can find it for you quickly. Or not of Hold on of oil tankers Hovering floating around like southern California. Yeah they're around the world sixty around the world and in the photograph if I enhance it if I if I zoom in I could count twenty five. Wow Yeah floating off the coast of southern California. Cnbc Camman phone tap. That new fangled technology gets you every single time out. Well you're gonNA just fire up Gubler you'll find it right there. You go so I think as we are reopening it all comes down to confidence confidence again. I think key to so many of our discussions particularly want when it comes to the market right yes I think. Confidence is going to be key as businesses. Something going rogue start to reopen. Do we have that confidence? We're up at horse tooth yesterday. And based on what I saw at or to no hugging but it got to the point. It was so busy up there early afternoon. They were doing a one out one in policy when it came to boats this part leading onto the thing boats from the boat ramps. They did on the most crowded time. Well there you go the most. This is the weekend before Memorial Day. People WanNa get out and do what they do they enjoy. Yeah exactly like surfing and fifty seven degree water. Thank you very much warmer than the air temperature was where was forty eight. It was awesome. Okay so two things come to mind when you say that okay. The first one is confidence confidence in the US economy. Yes and we're seeing that now is people want to get back to the way things ought to be But I propose I just I just mention it. Are we not gaining confidence in the US? Economy's ability to recover to find the solution this and at the same time losing confidence in politics with regard to the truth with regard to doing the job. You're elected to do well and you know that was the point of several rants this morning because unfortunately I think to a large extent. Many of us are questioning the credibility of the ever changing information sometimes within hours relative to Kobe. Nineteen that we are hearing every single day. The goalpost keep on moving and confidence in politics. Rather tenuous to begin with. Be in charge if you're wrong explained it and own it. Yes Sam don't send the message over and over again that you're doing it for political reasons. Okay the second thing that comes to mind as we're seeing the market up seven hundred and fifty points this morning a pretty good market rally going on There are some who are saying that for this market to get back to where it was before all this happened. We're going to have to see that as states open up businesses wide. It not prompt a resurgence in corona cases. All right let's break it down. It's too early to say it really isn't an unfortunately we are going to see an increase as more testing becomes available and free the heard we are going to see an increase in cases. That's not the problem. The problem is the The people who are vulnerable to covert nineteen the of certain vintage. She says gently Those who are older those who have a compromised immune system those who have underlying conditions. We all need to take responsibility. If you're one of those people you still need to be self quarantining but how once again. How many times have I asked this question? How do you develop herd mentality when you are corralling? The herd so we're GONNA see a spike in cases. We can't overreact to that. The real concern is a spike in hospitalizations. Particularly those who are so hard hit by corona virus should the story that he was be. That should be no no. It won't be because the mainstream media is still very much entrenched in fear mongering. And what does that do to our confidence? So yeah say agree with you. One hundred percent. I agree with you. One hundred percent is there and the question arises. Is there a longer term problem with regard to politics and journalism? And the spread of accurate. Information you're asking that with a straight face I admire that about you. Yeah Yeah because that's the point we're at right now. This is rahm Emanuel straight down. The line reloaded crisis. Go to waste. The Dow Industrial Average holding up seven hundred thirty seven. That's what three point one percent all right Keith. Wineman presidential wealth management. Hey another webinar coming up this week. This a good one. How refined was money. You lost money that you maybe lost money. You don't even know let's just look in your couch. Listen to. That's good though that the coin is absolutely no. This is money that you could well be entitled to and might not be aware of quite and how to find that where to look and the fact that it's not that hard to do such a little bit about are just go to presidential WM dot com. Sign up just a click on one of our past webinars and at the bottom. You'll see the area where you sign up for that and it realize we're a financial services firm so when we do something like this and invite you in we have to have your contact information which is not going to be shared period at work there right. Yes yes yes it's not going to be shared. It's just we have to have it and then you'll be able to watch The webcast live on Thursdays. At two o'clock you can always go back and see the past ones. They're always there for you. Well worth your time. I might add. We thank you. Yeah now well. Don't just look for that sailboat. Thing I don't know if it's hard to tell all right. Yeah the interrail faith all right. Let's try to get this train back on the tracks. Now one thing you do need to be thinking of you. Are Those retirement years. Don't care where you are in life. I mean the sooner the better ranking do yourself a favor yes and time can be a very powerful tool it can work for you or against you and whether it does either of those is up to you so the rule the solution is to have a plan and if you have.
"us west texas intermediate" Discussed on Bloomberg Radio New York
"I'm Charlie paladin up Wednesday with stocks surging to a second four percent rally in three days after Congress authorized nearly eight billion dollars for virus prevention S. and P. up one hundred and twenty six points that was a gain of four point two percent Dow industrials up one thousand one hundred seventy three points up four and a half percent nasdaq up three hundred thirty four points that was a gain of three point nine percent nasdaq now back in the green in the year to date column we've got the tenured on sixteen thirty seconds with the yield of one point oh five percent gold little changed up fifteen cents sixteen thirty seven the US West Texas intermediate crude up two cents at forty seven twenty about again recapping a rally on Wall Street today S. and P. surging one hundred twenty six points up by four point two percent I'm Charlie palette and that is a Bloomberg business slash Charlie thanks a lot you are listening to Bloomberg business week right here on Bloomberg radio to do with the auto industry even as a self driving cars really cool things like super cars collectibles the division competition racing and more faster cars are you today were talking about the business of raising of the perfect do to do that with twenty nineteen indycar champion Josef Newgarden joining us in our interactive brokers to do so welcome to you also of course with us is our auto columnist for Bloomberg pretty ten Ellie who actually brought us genesis I I try to bring you the best the champion yeah yeah right all right so first of all congratulations.
"us west texas intermediate" Discussed on KTRH
"Sponsored by oops steam cleaning top story this hour well they're all in the tank rooting against the president the mainstream media I'm talking about they wanted to loosen twenty twenty but you know what with all this action they may actually be hurting the Democrats who may lead Katie regs close Saunders is live with that consider this from June through August network TV gave the president four times the amount of coverage then they gave to any of his democratic twenty twenty rivals political strategist look Misia's telling Katie arrange it taken sides putting themselves squarely on the team are trying to defeat Donald Trump and I think it shows in the news coverage that you have I think it shows in the way they conduct what's supposed to be you know a neutral debate. but a funny thing happened on the way to the election next year the network's might be pushing you back to trump you have so many people within the mainstream media who continue to complain about how difficult their business has become but the reality is they are the ones who are pushing viewers and readers and listeners away the research center system got eight hundred thirty eight minutes of air time over the summer well front runner Joe Biden got seventy four except that thanks a luck level all that minutes of air time is negative nine out of ten Americans say they are troubled by this current state of media with two thirds believing ethics and reporting will get worse as we head toward the twenty twenty election. whether it's fake news a reporting gossip Curtis bar with public relations firm both bar says Americans overall are fed up I think Americans are overall fatigue it's by the course and our overall media narrative I think they're wanting to change the channel yet find they cannot because the media voice is getting more and more toxic currency deputy press secretary Michael choices recent ratings bear that out. your perception of what they're focusing on now the end of the day I think the American people are smart I think they understand that the media is portraying president trump in a bad light and unfair light that's what people want first media most untrustworthy according to most park national print and online journalist Nick cranky **** newsradio seven forty KTRE that's so amazing statistic to me ninety five percent well I mean look at this look at just what happened over the weekend with justice Cavanaugh. you know now walking it back you know they want to smear people yeah meantime they want to tell you that your money is doomed economy strong the sky is not falling despite all these reports of mainstream media Curtis talk at news busters says the left wing media pulled the same stunt is politics president George H. W. bush in nineteen ninety two he says I've got a responsibility report facts not engage in fear mongering. the media will try to make it seem like the economy is that it did or heading into a ditch and the only way that can be prevented or stop to turn around is it down compass defeated yep peel to the fear in your brain like says that the mainstream media fails to report positive economic numbers low unemployment wage growth people tend to forget a fright they fear recession it's not far off it's now seven oh five your morning commute is going to be affected by what's happening in the Middle East Iran denying it the trump administration says Tehran back to the rebels attacked Saudi Arabia's largest oil processing facility here's fox's Molly Hindenburg. secretary of state Mike Pompeii tweeted that Iran is behind the attack on the Saudi oil industry and Connecticut democratic senator Chris Murphy says prove it Rhode Island Democrat representative Davis is leaning on the house foreign affairs committee wants to know how president trump plans to respond this is made very complicated because the president doesn't appear to have a strategy for dealing with Iran South Carolina Republican senator Lindsey Graham tweeted yesterday that it's time for the US to quote put back on the table an attack on Iranian oil refineries if they continue their provocations. yes the oil production got cut in half because crude oil prices to rise sharply they spiked higher than they had in thirty years almost thirty years US West Texas intermediate crude jumped more than of twenty percent one point is up eight percent today over sixty one dollars a barrel Brent crude futures soared even higher president trump has authorized a release of U. S. emergency reserves to help stabilize the markets but this is more than just a little civil thing at civil war happening over here is as global repercussions trump legacy continuing to grow in the federal courts mean time taking care of business here at home. the Senate is now confirmed one hundred fifty judicial nominees since president trump took office more than fifty head of the number president Obama had confirmed in the same period South Texas college of law Houston's Gerald Treece says the impact is long term. on August I judge they don't stand for election there there and for good or bad they're there for at least thirty to forty years in the most important of those one hundred fifty are the two Supreme Court justices. I was in one neither one of the two appointments to the Supreme Court would be the site to be totally different ideological played with trump can also think Senate Majority Leader Mitch McConnell core you'll sit newsradio seven forty K. T. R. H. meantime that president he's gonna make a stop in Houston this weekend hello period energy stadium Sunday morning with Indian prime minister Narendra Modi's to highlight partnerships between the US India and Australia it's called a Howdy Moti event expect to draw thousands of people trouble also traveled Ohio to tour new Australian owned a manufacturing plant there with that country's prime minister Scott Morrison argues time seven oh eight John Lennon's new music will live on with the help the two surviving Beatles Ringo Starr Paul McCartney have teamed up to record grow old with me it's a lost demo written by Lennon less than a year before he died Ringo says he was introduced to the song by record producer Jack Douglas who produced Lennon's final album double fantasy the seventy nine year old drummer and listed McCartney's help. the song will appear on Ringo seventy nine year old drivers latest solo album what's my name scheduled for release October twenty he really is old now it's coming. old with me Houston Texans eat out of thirteen twelve went over the Jaguars and energy stadium quarterback to Sean wants and running for the lone touchdown two field goals Watson says though often so however left points on the field well for sure well I.
"us west texas intermediate" Discussed on 600 WREC
"And aids your support helps facilitate cutting edge research that will lead to more effective treatments and save more lives. Visit T J Martell dot org. To learn more this box. Thirteen weather update about thirteen meteorologist Brittany DeVos. Temperatures are in the sixties across the mid south afternoon. Highs coming in at seventy three degrees with mostly sunny skies. No, rain and breezy. Winds around ten to fifteen miles per hour can be tracking nice warm up over the next several days. But also rising rate chance your forecast at five. I'm Rasa Kaye with your money now. Now or prices tanked today after President Trump told reporters he told OPEC to take action to rein in fuel costs. Wholesale US gasoline prices are about ten percent higher from a week ago in nearly seventy percent more than a month ago. Brent crude futures and US west Texas intermediate crude futures both dropped about four percent. Since Trump's remarks the broadest measure of economic health had a growth spurt from a two point two percent gain in the previous October, December period. The Commerce Department reports the first quarter GDP came in at three point two percent, though, the gain rejects to reflects two factors not expected to last stockpiling by businesses and sharp contraction in the trade deficit business collaboration platform slack is the latest tech company in file papers for an initial public offering revealing four hundred million dollars in revenue and one hundred thirty nine million dollars in losses. Stocks are mixed. The Dow's up twenty eight and the s&p is up five that's your money now. Have you been.
"us west texas intermediate" Discussed on Newsradio 700 WLW
"The President Trump's tweet. How did he put it? Welcome to the race sleepy. Joe? I only hope you have the intelligence long in doubt to wages successful primary campaign. Trump predicts that the race to face him in the general election will be nasty, but he says if Biden wins the nomination, I'll see you at the starting gate. Little tease Joe there. Right. I saw every election cycle. There's you've got all those who get the mainstream media attention. There's always many many others in the case of things like truck drivers, we've had people that have been a part of this program over the years that actually filled out the paperwork because. It's not that expensive to try to get things started. But you got you gotta get tension, and you need millions and millions of dollars to even have a chance. So most don't get any real media attention or raise any significant amount of money or get included at any of the debates or anything like that. But for the twenty twenty democratic nod there are now twenty that are listed is quote viable contenders. Yeah. That included not only fundraising and poll results. But whether the television networks have devoted airtime for coverage. Spiritual. Guru Marianne Williamson apparently makes the grade since CNN recently broadcast in our long segment of a town hall style show with her. Yes. Same with entrepreneur, Andrew Yang who's never held elected office. Even former Senator Mike gravel of Alaska counts. Yeah. This guy gravel was once a serious player in national politics. Gained some notoriety. According to critic critics say infamy for reading portions of the Pentagon papers about the oranges the origins of the Vietnam war into the public record. All right. So the the next cycle for the Democrats. It's it's incredible. I I wish I could see the actual list. According to. So we've got the front runners Biden, I guess Bernie's got to be in the mix. They say, yeah, you got Gabbard and mayor Pete what are call. What is it Buddha gag, but a gag. I don't even know how you pronounce the guy's name. Let's see six senators running for the nomination Cory Booker of New Jersey Kirsten gillibrand of New York Kamala Harris, outta California Amy klobuchar of Minnesota, Elizabeth Warren, of course, Pocahontas outta Massachusetts. And Bernie the Senator from Vermont. Several house members are also running the nobody's gone to wreck from that chamber of commerce. Our congress rather to the Oval Office in realized that nobody's actually gone straight from the house. To the presidential office. Well, James Garfield selection that was back in eighteen eighty but you've got Representative Seth Moulton of Massachusetts. Tim Ryan of Ohio and Eric swallow of California along with ex congressman John Delaney of Maryland, there's old Beato Aurora of Texas. Former Obama administration housing secretary Julian Castro, the X, Colorado governor, John Hickenlooper, Washington governor Jay Inslee. Acts. We were talking earlier when debate time rolls around gone back to the two thousand sixteen election, initially what the Republican field was about was at fifteen. I think you had fifteen up on the stage trying to hold a debate. Can you can you imagine trying to fit twenty people up there on the stage to hold a democratic primary debate that would almost become ical? You have to probably put them on the the risers like you do for the chorus when you're in high school, you know, who gets to be on the front row. All right, roll mature news update time oil prices. We've been talking this week about prices at the pump ticking higher right national average for diesel continues to rise. Brent crude hit the seventy five dollar per barrel. Mark gratefully this past day for the first time in about six months. Now that was on the suspension of some Russian. Crude exports to Europe. As investors can a second guessed the market's ability to rally any further US, west Texas intermediate settled at sixty five dollars and twenty one cents. Get notice you've got a nearly a fool ten dollar separation between the west Texas intermediate versus the rent, which that's what they trade on the the international markets. The Brent crude prices started to slip just before the settlement in a technical move. According to analyst, I think the inability to hold sixty six dollars most of the day saw some of the late comers. Give up the ghost. It was kind of a technical move. There's a bit of fatigue in the market after the speculator games old. There's those beloved speculators trying to take a buck. All right Poland in Germany, apparently suspended imports of Russian crude. Citing there's some sort of contamination in pipeline that that crude is shipped through that pipeline can ship up to one billion barrels per day, which that translates like one percent one percent of global crude demand. And about seven hundred thousand barrels per day of of flow was suspended that that sounds like big numbers. But it ain't that big Russia is the world's second largest exporters that they plan to start pumping clean fuel to Europe through the pipeline here in a couple of days, like April twenty ninth all right around the country. It's eight eight eight eight six zero eighty seven eighty five it is America's.
"us west texas intermediate" Discussed on News Radio 920 AM
"Both Chuck and Mike here on the financial exchange on a Monday. We've got Matt behind the board. We got everything queued up for great our here. We got a whole bunch that we're gonna be talking about not the least of which is, you know, some potential PEOs that are coming. We've got a tesla that exploded over the weekend that we're still trying to figure out exactly what happened there and a whole bunch that really we need to dig into today. So we're going to kind of get right down to one of the big things that he's moving right now. Oil prices continue to be on the rise now at sixty five sixty a barrel for US west Texas intermediate Brent crude at seventy three eighty eight. And before we go further. I just want to talk a little bit about where gas prices have gotten to at this point. If you go back to the beginning of the year, and do we want to look nationally like what what are we wanted to share? So nationally we've seen gas prices rise from about two dollars. And twenty five cents a gallon up to two eighty four such an almost thirty percent bump, which kind of makes sense we were down in the low forties for oil. And now we're up into the sixties. So we're we're going to keep moving up. I think the big thing though, is you know, when you look at some of the states California, by the way is now over four dollars a gallon on average just they're having all kinds of problems trying to get enough supply out there in the north east. Okay. You've got a case where New Hampshire continues to be the cheapest state to buy gas, and it's to sixty eight it's the cheapest place New England far too also relatively affordable to two seventy three compared to two eighty four on the national average. So you know, you got a nice mix there. The cheapest always, you know, places like, Texas, Louisiana where you have you know, the the actual production and refining Louisiana right now to fifty three ago. And so they've got that going for them right now. But oil prices have continued to move up. And so just something that bears watching. We're now only about a month away from Memorial Day. And that's when everyone likes to fire up the cars and go on big long road trips and might be a little expensive to do. So this year could be so if you break again, I don't really think that three bucks a gallon is that big a deal in California when you're up over four that starts to be an issue. But California's different breed gases always over everything's expensive. There is there's nothing cheap in California. It doesn't matter. What you like it can be anything. Let's talk a little bit about existing home sales. We got this data out just a little while ago. If you remember the last two months have been a little bit funky as far as existing home sales, data, go for January, very depressed, number below five million annualized, a lot of that due to the government shutdown preventing, you know, some mortgages from being processed and so forth. We had a bump back up in in February two a revised number five point four eight million on an annualized basis. And now we come in at five point two one. So we average the three months out in pretty much right around five point two pretty much the status quo. When it's all said and done which little bit surprising. Right. I mean interest rates having come down quite so much. I was expecting a little bit more activity. But I think the supply remains to be the real issue here of and demand. I mean you've seen supply tick up a little bit. I think it's it's the supply the right price. I think continues to be the problem in particular, higher priced homes. You're still seeing a ton of competition. Everyone wants to buy the starter home. Whether it's you know in and around a major city where you want to pay four hundred thousand for whether it's a rural area where you want to pay one hundred thousand four it. Whether it's kind of in a, you know, lower tier city in terms of price where you want to pay one hundred fifty to two hundred thousand for those the homes that everyone's trying to buy, but you're just not seeing construction. Nobody's. Yeah. You can't build a home for that cheap. No. As a contractor, you just can't put up those sorts of things unless you're doing, you know, highly clustered or condo's, exactly. So instead, you're seeing higher prices on those. And then what you see is on the homes there. Supposed to be higher priced not people want to buy them. No one's buying four or five bedroom homes anymore because hey, feeling of one or two kids. What the heck do you need five bedrooms for I think the bigger issue there? I mean people were able to justify it in years past. I think the real big issue now is the cap on the interest deduction and the cap on the state and local tax deductions. I think it matters in the northeast and in major metropolitan areas, but there's a lot of places you go to damore in Iowa. And I know because I looked into Moines Iowa, you can buy nice five bedroom homes for three hundred thousand dollars. Yeah. It's just no one's like no one wants those. You know, the mcmansions are out of out of fashion. They're just not cool anymore. They're not hip, and to be honest. Probably a good thing. We know one need to help that you know, agree. The average home size in the twentieth century almost doubled. So we've probably reached the point where maybe we don't need bigger ones. Finally, let's talk about lift an Uber now with lift having gone through an IPO an Uber. I believe there's somewhere around two maybe three weeks away. From there. I PO at this point. And the headline in the Wall Street journalists Uber lift IPO's may lead to higher fares. The thesis is that, hey, if you're going to be reporting earnings as a publicly traded company every single quarter can't lose as much money. And so they might be facing pressure to raise fares. I don't know if that's accurate, and here's why it's I look at it. And I say, okay, they knew they were going public to begin with in theory. If you wanted to raise as much money as possible when you've started doing that beforehand. So that your financials looked better, and you didn't have to give away as much of the company to begin with, right? I'm yeah. I'm not convinced. I do think the prices are likely to go up in the space. I don't think you can have such a divergence between what a taxi costs, and what's an Uber and lift costs. It's just it just shows how big of a loss that they're running. Once they have public once. They have Uber lift both put out a ton of discounts to try and attract new drivers attract new riders. And I think now that you are public or once Uber is public. There's less incentive to provide those deep deep discounts unless they're entering into a new market. So I think naturally prices start to go up a little bit. But not enough for them to be profitable. No. I mean, you'd be talking in order for these companies to be profitable. Actually, they'd probably have to raise prices by forty to fifty percents somewhere in that ballpark, and that's kind of you know, eking out profits here and there, and so it doesn't seem like they're going to be doing that just because I'll tell you if it all of a sudden started costing me instead of forty dollars to go to the airport. If it started costing sixty to seventy I started looking for alternate ways to get airport. If it starts costing me twenty five thirty dollars to get into town instead of twelve to fifteen I start looking for different ways to get into town. Like, it's it's the the the problem that Uber and lift have created. It's almost the same one that you had when the internet started making news free as everyone expected news to be free, then and and so it's just not a viable business model. Newspapers figured out. Oh, gee, we can't just make news free and then survive like no one's going to buy our actual paper. It's the same thing here. You can't price it this way. And then expect to raise it because people will find other things to do. Okay. But when I mean, so for Amazon, for instance, investors were willing to give them over a decade of time to be unprofitable and just grow. Yep. How much how much time are they gonna give burn lift not as much because they went public much later right mature company. It's you look at this Amazon. I always go back to this. When Amazon went public their market cap was about five hundred million dollars lift which is the small one of the two when they went public was Catholic twenty three billion or something like that. You know, it's like forty times the size of Amazon when it went public over is going to be valued close to one hundred billion dollars. So like what's the endgame here for over you just say, hey, we're just gonna run unprofitably until we get driverless vehicles. And that hope that somehow makes us profitable. It kind of feel like it almost feels like it's just there's this rush to almost get out because you don't like it. It doesn't look like a viable business model in the long run. Does it not at the rot losses that they're running? Not just what they do. At least, you know, like if they expand into stuff that's higher margin. I knew that the food deliveries higher margin for them. Yeah. And so that becomes bigger. Okay. But in order to get to one hundred billion valuation on delivering food, you got to live food a lot more food. You've got deliver a lot of food. That's a lot of nuggets. Yeah. Yeah. I don't know. Maybe that's the end game for them is they're they're seeing the driverless vehicle as hey, this is how we will become profitable. And that's hopefully in the next five years. And then we can. But then you even then you have a massive spend that you need to acquire all these vehicles in I also met what's on the board somewhere there. I think we have a poor prediction on wind. Driverless vehicles would be available. You can dig that up. If it's if it's there, I don't know if it is. I've been thinking about the whole driverless thing over the last couple of weeks and specifically in the context of the issues that bones run into at the seven thirty seven max. And we know at this point the driverless vehicles are going to be safer than human driven alternatives based on all the data that's out there. And all like how everything works. They will be safer. Yeah. Just like planes safer to travel and then cars right now. But the second you have one or two issues with driverless vehicles. I worry that you're going to get this public outcry that will stop further development in its tracks. Just because we won't stomach the same level of uncertainty, and to be quite honest death that we do from computers that we do for people were were much more willing to accept that. Our neighbor Jim accidentally ran someone over trying to swerve to avoid a basketball. Then a computer how doing the same thing. So rather than a decade away? We're probably to away from retail type of like, Dr not highway driving is what I'm pointing. I it just it feels like the biggest issue is not going to be the technology..
"us west texas intermediate" Discussed on WAFS Biz 1190
"That you've been looking for four point zero six percent on the thirty year. Freddie mac. Survey four point zero six percent biggest dip in a decade last week. They were at four point or last year. They were at four point four zero. And last week there were at four point two eight and now we're at four point zero six well giving some lift to the market to hear this morning. Besides the encourage dot coming out of Beijing China on the trade talks, the Chicago PM, I dips more than expected. Well, no, that's a bad thing. Oh, fifty eight point seven versus sixty point three. But we got another just as is going on there. We got another economic report that was better than expected, and that's helping the market hold onto its gains. So far here this morning. Crude oil is back above sixty dollars per barrel. In fact, crude has had its best quarter in over ten years. Boy, we're getting a lot of best here. Of course. This is the best stocks now radio. Our crude oil resumes, its CLYDE pudding US west Texas intermediate on-track to gain thirty three percent for q one. Oh, man when it comes to your pain. Many of you might be.
"us west texas intermediate" Discussed on WAFS Biz 1190
"That you've been looking for four point zero six percent on the thirty year. Freddie mac. Survey four point zero six percent biggest dip in a decade last week. They were at four point or last year. They were at four point four zero. And last week there were at four point two eight and now we're at four point zero six we'll giving some lift to the market to hear this morning. Besides the encourage coming out of Beijing China on the trade talks, the Chicago PM, I dips more than expected. Well, no, that's a bad thing. Oh, fifty eight point seven versus sixty point three. But we got another. This is is going on there. We got another. Economic report that was better than expected, and that's helping the market hold onto its gains. So far here this morning. Crude oil is back above sixty dollars per barrel. In fact, crude has had its best quarter over ten years. Boy, we're getting a lot of best here. Of course is the best stocks now radio. Our crude oil resumes its climbed putting US west Texas intermediate on-track to gain thirty three percent for q one. Oh, man..
"us west texas intermediate" Discussed on KOA 850 AM
"Five time for money news. Pat's here while we had a new snapshot the jobs picture, and it shows a job in the number of people filing for unemployment benefits. The Labor Department says weekly jobless claims were up by four thousand last week and the four week average of new jobless claims climbed by sixty seven hundred hitting the highest level in more than a year and some analysts say this could be a sign the labor market could be losing a little steam a little less. Red ink is bleeding out of Washington. The treasury department reports of federal budget deficit of fourteen billion dollars in December. That's a drop of more than forty percent from the same month a year ago for the fiscal year through December the deficit rose nearly three hundred twenty billion dollars the US national data as we talked about before hit a record twenty two trillion dollars last week. Look Zeph, the financial markets are gonna open positive territory. Today. We're coming off two days of solid gains on Wall Street. And stock futures are up today. This could be a sign of progress with trade with China, and the hope that the US will avoid another government shutdown now the optimism over trade with China comes as China's president Xi Jinping is expected to meet with Treasury Secretary Steve Mnuchin and Beijing on Friday oil prices are also up on hopes of progress in the US China trade talks international benchmark, Brent crude futures are up thirty seven cents a barrel. US west Texas intermediate crude futures up twenty six cents overall US. Crude oil production remains at a record high of eleven point nine million barrels a day in our next money update. We've been talking about the business of Allentown Wednesday. So well, this has got to be the biggest holiday the year for big flower companies, right? It's really Auster busiest holiday what third busiest while we'll talk about what some floors are doing to sweeten their bottom lines today. That's coming up at seven twenty five. Pat, Woodard, KOA NewsRadio. Thanks.
"us west texas intermediate" Discussed on Talk 650 KSTE
"Fifty rancher Cordova Sacramento. NBC News Radio. I'm mutual. The Senate will try to end the partial government shutdown today. Lawmakers will vote on two bills, but neither is expected to move forward. The first involves trade temporary protections for dreamers DACA program for border wall funding, if that fails the other measure would extend government funding until February eighth a group of senators say federal workers affected by the shutdown may lose some health benefits letter sent to the office of personal management say furloughed employees could lose their dental and vision health insurance benefits if they're unable to pay their premiums. Tiger Woods is kicking off his twenty nineteen PGA tour today at Torrey Pines in the farmers insurance. Open woods is no stranger to the tournament. Having won at seven times. Woods is reportedly optimistic this time around after coming back from some health issues. He tees off at one forty PM eastern time. D mutual NBC News Radio. North Korean leader, Kim Jong Hoon is appreciative of a personal letter. President Trump said to him state media reports a Cam met with a North Korean delegation. Recently went to Washington DC does that up another meeting with Kim. And Trump Kim said Trump has an unusual determination and will for resolving issues between the two countries medical experts say an estimated thirty million Americans have balance disorders, Phil Hewlett has that story the older we get it seems the easier. It is to fall. Dr Victor Romano is an orthopedic surgeon in Chicago and says arthritic knees and misaligned backs or two reasons for a lack of balance, but that's not all if you have a nerve injury such a couple of tunnel syndrome. Rebound it's gonna be off a breathing. Problem also affects your balance and your straight balance issues can have deadly consequences. Dr Romano says twenty percent of seniors who fall and break a hip die within a year in another twenty percent end up in a nursing home. He says the best way to improve your balances to do simple stretching exercises that strengthen your core fills. Hewlett NBC. News radio. Oil prices are down over growing concerns about slowing global economic growth. Analysts say investors are worried that slowing growth will limit fuel. Demand international. Brent crude futures are down twenty five cents at sixty eighty nine a barrel. US west Texas intermediate. Crude futures have fallen twenty two cents to fifty to forty a barrel. An Italian restaurant chain is inviting people to.