U.S. markets closed
  • S&P Futures

    4,271.00
    -5.75 (-0.13%)
     
  • Dow Futures

    33,938.00
    -25.00 (-0.07%)
     
  • Nasdaq Futures

    13,463.00
    -30.25 (-0.22%)
     
  • Russell 2000 Futures

    1,989.40
    +0.30 (+0.02%)
     
  • Crude Oil

    88.05
    -0.06 (-0.07%)
     
  • Gold

    1,780.80
    +4.10 (+0.23%)
     
  • Silver

    19.75
    +0.02 (+0.12%)
     
  • EUR/USD

    1.0192
    +0.0011 (+0.11%)
     
  • 10-Yr Bond

    2.8930
    +0.0690 (+2.44%)
     
  • Vix

    19.90
    +0.21 (+1.07%)
     
  • GBP/USD

    1.2055
    +0.0003 (+0.03%)
     
  • USD/JPY

    134.8450
    -0.2450 (-0.18%)
     
  • BTC-USD

    23,457.80
    -533.00 (-2.22%)
     
  • CMC Crypto 200

    557.95
    -14.86 (-2.59%)
     
  • FTSE 100

    7,515.75
    -20.31 (-0.27%)
     
  • Nikkei 225

    28,958.81
    -263.96 (-0.90%)
     

Now Comes the Global Energy Crisis

Goldman Sachs and Bank of America posted solid headline-level earnings this morning, both benefiting from higher interest rates during the second quarter. But both also posted significantly higher provisions for bad loans, a sign of concern for the health of debtors. Meanwhile, hope for some sort of relief from Saudi Arabia appears to be the forlorn variety, as Desert Kingdom officials declined to make any promises regarding future crude oil output increases. European Union officials, in a sign of increasing desperation, did cut a natural gas deal with Azerbaijan. Luke Gromen, the founder and president of FFTT, joins Real Vision’s Andreas Steno Laresen to talk about what happens when the Federal Reserve pushes the U.S. economy into recession to fight inflation. According to Gromen, many investors and policymakers are “seemingly oblivious to what the Federal deficit has done in the two recessions prior to COVID.” We also hear from Alexander Stahel about Vladimir Putin’s ongoing effort to inflict maximum pain on Europe via the weaponization of natural gas. Watch the entire interview featuring Alexander Stahel and Andreas Steno Larsen here: https://rvtv.io/3PGdw9n.