Economy

Fed Chair Powell: Wearing masks will help bring U.S. economy back

Fed Chair Powell: Wearing masks will help bring U.S. economy back

CNBC


Federal Reserve Chairman Jerome Powell reiterated on Wednesday that the economic recovery is dependant on how the country handles the coronavirus pandemic.

“As we have emphasized throughout the pandemic, the outlook for the economy is extraordinarily uncertain, and will …

November 6, 2020 - 3:30 pm Closing Bell Story‎, Economy
Energy News Beat: #154 – 11/6/2020 – Hosted by Michael Tanner

Energy News Beat: #154 – 11/6/2020 – Hosted by Michael Tanner

Stock up HUGE amid Pfizer and BioNTech announcing a vaccine for COVID19 that is 90% effective. Major indices hit all time highs, notably the S&P 500 and Dow Jones, NQ finishes flat (Zoom down BIG) as the pullback from the

Energy News Beat: #153 – 11/5/2020 – Hosted by Michael Tanner

Energy News Beat: #153 – 11/5/2020 – Hosted by Michael Tanner

Day three of the US presidential election leads to another rally in markets as the projected blue wave seems to have sputtered out.  With a predicted split Presidential/Senate/House, markets run wild

  • S&P 500: 2.9%
  • Nasdaq: 4.55%
  • Dow Jones: 2.36%

Oil

Source: CNBC

U.S. trade deficit falls to $63.9 billion in September

CNBC


The U.S. trade deficit fell in September after hitting a 14-year high the previous month as exports outpaced imports.

The gap between what the U.S. sells and what it buys abroad fell to $63.9 billion in September, a decline …

November 4, 2020 - 2:00 pm Closing Bell Story‎, Economy
Energy News Beat: #151 – 11/4/2020 – Hosted by Michael Tanner

Energy News Beat: #151 – 11/4/2020 – Hosted by Michael Tanner

Day two of the US presidential election leads to another rally in markets as the projected blue wave seems to have sputtered out.  Even with a projected President Biden, the Senate looks to stay red which is generally supportive of

Energy News Beat: #151 – 11/3/2020 – Hosted by Michael Tanner

Energy News Beat: #151 – 11/3/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: #150 – 11/2/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: #150 – 11/2/2020 – Hosted by Michael Tanner

Markets open this week up ahead of the US election, with polls opening nation wide tomorrow morning.  Stocks rose mainly of the theme that the election with be smoother than expected. Majors indices traded mostly flat, with NQ seeing a

Throughout the Trump Years, Renewables Sector Has Employed Nearly Three Times as Many People as Fossil Fuels Industry

Throughout the Trump Years, Renewables Sector Has Employed Nearly Three Times as Many People as Fossil Fuels Industry

Morning Consult

Oil & Gas Publishers Note: Excellent article from the Morning Consult. Lisa Martine Jenkins brings up great points aligned with data.

Over the course of this election season, energy in the United States has been debated through the

Daily Energy Market Summary: #149 – 10/30/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: #149 – 10/30/2020 – Hosted by Michael Tanner

Markets end the week red off fresh highs in COVID-19 cases and stimulus talks break down, driving the Dow Jones down over 450 pts.  Tech shares lag as $AAPL reports weaker earnings off the back of slumping iPhone sales.

  • S&P
Daily Energy Market Summary: #148 – 10/29/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: #148 – 10/29/2020 – Hosted by Michael Tanner

Bulls are back! Stock soar ahead of big tech earnings and better than expected GDP growth for the US. U.S. gross domestic product for the third quarter expanded at a 33.1% annualized pace, its fastest growth ever. The reading came

Source: CNBC

The post-Covid ‘zombification’ of advanced economies is here to stay, EIU warns

CNBC


LONDON — The coronavirus pandemic is likely to cause a long-lasting “zombification” of the global economy, a prominent research firm warns.

Agathe Demarais, global forecasting director of the Economist Intelligence Unit, suggested that those “zombie” features previously associated with …

October 28, 2020 - 3:30 pm Closing Bell Story‎, Economy, Finance
Source: Reuters

Dow extends losses as tech and energy lead drop, oil hits $37 per barrel level

Fox Business


Stocks extended losses on Wednesday as COVID-19 lockdown fears gripped investors across the globe. Oil slipped nearly 6% to the $37 per barrel level.

The Dow Jones Industrial Average dropped over 900 points or 3%, before bouncing off …

October 28, 2020 - 2:30 pm Closing Bell Story‎, Economy, Finance
Daily Energy Market Summary: #147 – 10/28/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: #147 – 10/28/2020 – Hosted by Michael Tanner

Another day, another red showing for all major indices as COVId-19 lockdown concerns sweep over the markets.  Dow Jones finishes below 27,000 for the first time since mid April as investor swarm to save-haven assets.  Even NQ takes a hit,

Daily Energy Market Summary: #146 – 10/27/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: #146 – 10/27/2020 – Hosted by Michael Tanner

Stocks fall again amid renewed COVID-19 pressures ahead off the 2020 presidential election. Major indices (beside NQ) turn red toward the end of the session, with NQ finding slightly green action due to stay at home orders

  • S&P 500: -.09%
Daily Energy Market Summary: 360 DCB – 10/23/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 10/23/2020 – Hosted by Michael Tanner

Indices remain flat as hopes of a stimulus agreement before the election were dashed by poor sentiment and a tweet from President Trump.

 

 “We’ve offered compromises, the speaker on a number of issues is still dug in,” said Treasury

Second Covid-19 wave adds to European refiners’ woes

Second Covid-19 wave adds to European refiners’ woes

Argus

London, 23 October (Argus) — Europe is becoming engulfed by a second wave of Covid-19, triggering fresh travel restrictions and pulling down transport fuel margins. This makes for a bleak outlook for regional refiners already struggling with low products …

October 23, 2020 - 10:09 am Downstream, Economy, International
Stocks Recover From Morning Weakness To Finish Modestly Higher; S&P 500 Up 0.5%

Stocks Recover From Morning Weakness To Finish Modestly Higher; S&P 500 Up 0.5%

Image: Five-day chart, S&P 500 Index. Source: Yahoo Finance By Stan Choe, D…

October 23, 2020 - 3:30 am Economy, Energy News, Press Releases
Daily Energy Market Summary: 360 DCB – 10/22/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 10/22/2020 – Hosted by Michael Tanner

More stimulus news inches major indices green as Pelosi said Thursday a deal on new coronavirus aid was “just about there.” She also said: “If we were not making progress, I wouldn’t spend five seconds in these conversations.

Source: CNBC

The GDP report next week will likely show record-breaking economic growth, but it may not help Trump

CNBC


The economy regained nearly 4 million jobs during the quarter, and that was after 7.5 million in May and June. Housing sales and builder confidence has been remarkable, and shoppers easily outpaced expectations in September with retail sales rising

October 21, 2020 - 3:00 pm Closing Bell Story‎, Economy, Finance
Daily Energy Market Summary: 360 DCB – 10/21/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 10/21/2020 – Hosted by Michael Tanner

Markets chop between gains and losses as stimulus talks continued into the afternoon, with major indices flat to end the trading session.  S&P 500 was up .25%, while positive SNAP earnings pump tech stocks higher at .7% for NQ.  Dow

Daily Energy Market Summary: 360 DCB – 10/20/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 10/20/2020 – Hosted by Michael Tanner

Roller coaster day for the equites markets as stimulus talks spur green indices, but slump as the market closed and stimulus hopes faded. The Dow Jones closed 113.37 points higher, or 0.4%, at 28,308.79. The 30-stock average was briefly up

Daily Energy Market Summary: 360 DCB – 10/19/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 10/19/2020 – Hosted by Michael Tanner

COVID-19 cases uptick and souring stimulus sentiment lead to over 1% losses on the overall equities market today. The Dow Jones traded 450 points lower, or 1.1%. Earlier in the day, the 30-stock average was up more than 100 points.

Daily Energy Market Summary: 360 DCB – 10/16/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 10/16/2020 – Hosted by Michael Tanner

Retail sales save the week as major industries turn green off the back of strong September retail sales information.  The Dow Jones traded 242 points higher, or 0.8%. The S&P 500 gained 0.5% and the Nasdaq advanced 0.4%. Retail sales

Daily Energy Market Summary: 360 DCB – 10/15/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 10/15/2020 – Hosted by Michael Tanner

Third straight red day for the overall markets as stimulus talks look unlikely, even after Sec. Mnuchin is set to talk with House Speak Pelosi later today. The Dow slid 100 points, or 0.4%, while the S&P 500 fell 0.6%.

Total’s European refining margin turns negative in 3Q

Total’s European refining margin turns negative in 3Q

argus

London, 15 October (Argus) — Total’s European refining margin slipped into negative territory in July-September, the latest in a series of depressed third-quarter indicators. The outlook for the regional sector remains gloomy.

Total’s margin was -$2.70/t (-$0.37/bl) in the

October 15, 2020 - 5:17 am Downstream, Economy, International
Daily Energy Market Summary: 360 DCB – 10/14/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 10/14/2020 – Hosted by Michael Tanner

Major indices fall flat as Treasury Secretary Mnuchin comments on passing stimulus before the election. Mnuchin said around midday that getting a deal done before the election would be difficult, adding that both sides were still far apart on certain

Source: Fox Business

Stocks fall as Mnuchin talks stimulus latest

Fox Business


Stocks fell on Wednesday as investors took in another batch of bank earnings and Treasury Secretary Steve Mnuchin cast doubt that additional fiscal stimulus would happen before the election.

The Dow Jones fell 137 points or 0.5%, while …

October 14, 2020 - 2:00 pm Closing Bell Story‎, Economy, Finance
Daily Energy Market Summary: 360 DCB – 10/13/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 10/13/2020 – Hosted by Michael Tanner

Markets downs after new coronavirus vaccine is put on hold, driving major indices to the first losses in 4 trading sessions.  The Dow Jones dropped 157.71 points, or 0.6%,. The S&P 500 slid 0.6% to 3,511.93. The Nasdaq dipped 0.1%

Source: Fox Business

Big money managers flee cash despite coronavirus, election worries

Fox Business


Big money investors have over the last six months poured cash into the markets at the fastest pace in 17 years as they fretted over COVID-19 and the upcoming presidential election, according to a new survey from Bank …

October 13, 2020 - 2:30 pm Closing Bell Story‎, Economy, Finance
Daily Energy Market Summary: 360 DCB – 10/12/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 10/12/2020 – Hosted by Michael Tanner

US markets trade higher to start this week as stimulus talks appear to be getting us to a place where investors are happy. The Dow Jones rose 353 points, or 1.2%. The S&P 500 gained 1.9% and the Nasdaq advanced