|
 * S&P500 futures fall 0.7% after energy driven overnight
gain
|
|
Oil futures pare record gains as doubts creep in on Trump's Saudi-Russia output deal CNBCOil Deal? - Trump Expects Saudis, Russia Will Cut Oil Production Bloomberg Markets and FinanceUS oil posts biggest jump ever on hopes for output cuts Reuters msnNOWTrump's 10 Million Barrel Tweet Is Performance Art BloombergStocks soar on oil's record gain as Trump expects Russia, Saudi Arabia to cut output Fox Business
|
|
 ‘I never allow myself to think about the entire distance when I start a long swim. If I did, I would be paralyzed by the enormity of it,' writes Anna Wardley.
|
|
 U.S. stock index futures fell late Thursday, leaving Wall Street on track for another week of losses. As of 9 p.m. Eastern, Dow Jones Industrial Average futures were down more than 200 points, or 1%, while S&P 500 futures and Nasdaq-100 futures slipped as well. Earlier, stocks gained in the regular session, with the Dow closing up more than 2% as President Donald Trump hinted at imminent production curbs by feuding oil giants Saudi Arabia and Russia. But investors may be bracing for Friday's March jobs report, which is expected to be ugly though not fully indicative of the massive job losses caused by businesses shutting down due to the coronavirus pandemic. On Thursday, data showed that unemployment applications last week soared to a record 6.6 million.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
|
RELATED ARTICLES | | | | |
|
 World equity markets climbed on Thursday on a surge in risky assets like oil, offsetting concerns over an increasing death toll from the coronavirus pandemic that is expected to push the global economy into recession.
|
RELATED ARTICLES | | |
|
 (Bloomberg) -- Oil slipped below $25 a barrel following a record surge as doubts crept in over U.S. President Donald Trump's claim he had brokered a deal that would see deep supply cuts from Saudi Arabia and Russia.Futures advanced almost 25% in New York on Thursday after Trump tweeted that he expected the two leading producers to slash output by 10 million barrels or more. However, the Kremlin later said that President Vladimir Putin had not spoken to his Saudi counterpart and hasn't agreed to reduce production. Citigroup Inc. said any deal was too little, too late.See also: Trump's Push for Huge Deal to Cut Oil Supply Draws DisbeliefWhile futures spiked, the outlook for the physical market remains bleak as discounts for some grades of physically delivered oil across the U.S. and Canada widened. Heavy Louisiana Sweet crude lost $1.75 a barrel relative to West Texas Intermediate to a record $10.50 discount.Oil has whipsawed this week after slumping to an 18-year low on Monday. While Trump tweeted that he had spoken to Saudi Crown Prince Mohammed bin Salman, who had in turn spoken with Russian president, a person familiar with the situation said the U.S. President's goal is purely aspirational and will ultimately hinge on whether Riyadh and Moscow can reach a deal.After Trump's request, Saudi Arabia said it had called a meeting of the OPEC alliance that includes Russia to discuss a "fair agreement," signaling it would only cut output if others do so. Even if producers do decide on a cut, global demand is co
|
|
 (Bloomberg) -- Boeing Co. expects several thousand workers to retire or accept a buyout offer as the planemaker races to shrink its operations amid a historic unraveling of global travel from the coronavirus pandemic, said a person familiar with the company's plans.The manufacturer will start by offering the exit package in the U.S., while selectively hiring for critical programs such as defense and space, said the person, who asked not to be named because the discussions are confidential. Boeing is also weighing a production cut for wide-body jets as demand falls, although no changes have been made as yet, the person said.Chief Executive Officer Dave Calhoun is walking a fine line by downsizing at a time when Boeing is considering whether to tap billions of dollars in federal aid to bolster cash reserves. Layoffs would give the planemaker more control over how it lowers the cost of its 161,000-strong workforce, but at the risk of stirring up a backlash from its critics in Washington."They need to cut costs with payroll, but they need to maximize leverage with headcount," aviation consultant Richard Aboulafia said of the tug-of-war between Boeing's cost-cutting news and its political interests. "My biggest concern is that when you have an announcement like this, it's often the experienced engineers and designers who leave."$60 Billion BailoutVoluntary buyouts keep the government-assistance option viable, should Calhoun ultimately choose to pursue it. He has blanched at the potential strings a
|
|
‘It could help if someone has the virus,' Gov. Cuomo told CNN's Anderson Cooper.
|
|
Trump doubles down on claim of Saudi, Russian oil cuts MarketWatchOil Deal? - Trump Expects Saudis, Russia Will Cut Oil Production Bloomberg Markets and FinanceStocks soar on oil's record gain as Trump expects Russia, Saudi Arabia to cut output Fox BusinessTrump's 10 Million Barrel Tweet Is Performance Art BloombergUS oil posts biggest jump ever on hopes for output cuts Reuters msnNOW
|
|
The coronavirus pandemic is throwing a spotlight on stocks in the U.S. healthcare sector, home to the companies that could develop treatments, vaccines and improved diagnostics needed to tackle the greatest public health crisis in a century.
|
RELATED ARTICLES | | |
|
 How can marketers appropriately remedy the prizes for sweepstakes and promotions that can no longer be fulfilled due to the limits imposed by the coronavirus outbreak? Where are anti-gouging and fair pricing laws applicable? What's the fine line between responding to the current health crisis and carrying on with business as usual? Today, the Association...
|
|
A Russian state-owned fund that says it footed half the bill of a coronavirus aid shipment delivered to the U.S. on Wednesday has been on a U.S. Treasury restricted lending list since 2015.
|
|
Live updates on stock market and business news during the coronavirus outbreak.
|
|
President Donald Trump indicated on Thursday that the White House Coronavirus Task Force will be "coming out" with a nation-wide recommendation on wearing face masks.
|
|
Stock benchmarks on Thursday finish near the highs of the session, as investors appear to focus on hope that a detente between some of the biggest oil producers on the planet might be achieved to substantially curb oil production and stabilize battered prices.
|
|
 The world's top oil and gas companies are rushing to raise tens of billion of dollars in debt to help them weather one of the worst downturns in the sector's history while faced with high fixed costs and looming dividend payments. Royal Dutch Shell , BP , France's Total , Norway's Equinor and Austria's OMV have all tapped bond markets this week, raising more than $10 billion according to Reuters calculations. Oil prices sank 65% in the first three months of the year to lows of $22 a barrel as strict movement restrictions imposed around the world to limit the spread of the coronavirus led to a collapse in demand for transportation fuels, while a fight for market share between top producers Saudi Arabia and Russia accelerated price falls.
|
|
Private Label