U.S. stocks dive as oil war and coronavirus fears slam markets

Oil futures sunk by 31% in a matter of seconds after the open of trading Monday in Asia, the worst decline since the Gulf War in 1991.

Although cheaper oil will translate into more affordable energy for consumers and businesses, it hurts oil-producing countries and companies. Thousands of workers have already been laid off in the U.S. oil patch. The 14 OPEC countries had wanted to cut output by 1.5 million barrels a day, or about 1.5% of world production. OPEC countries such as Saudi Arabia and Iran say they need nonmember allies such as Russia to take 500,000 barrels of that cut on themselves.

“With the combination of the implications of the oil stand-off and the outbreak, I now believe that it’s almost inevitable that there will be a global recession this year,” said Nigel Green, chief executive of DeVere Group, an independent financial advisory group.The Cboe Volatility Index surged to its highest level since 2008 on Monday as a plunge in oil prices frazzled traders already on edge over the coronavirus.

Just what they ordered 'Real Time' Aug '19: Bill Maher: “[A] recession would be very worth getting rid of Donald Trump and these kind of policies. . And it would get rid of him. . A recession would definitely knock him out of office.” Rick Wilson: “Bring on the recession . .

The media is now just an adrenaline junkie disappointed with the Impeachment flop of RepAdamSchiff TeamPelosi and the rest of the sourpusses. The Coronovirus is being handled fine by the Trump administration and lower gas prices are great for consumers and industry. Chill out!

It's all going to be fine.

In this way Erdogan and his staff were hosted and insulted in one of Kremlin's chambers ! Furthermore, there is a painting of a historic Russian leader hangs on wall is symbolizing to a battle where the Russia won .

If I have to come out of retirement to greet at Walmart for our country and get rid of TrumpPutinGOP, so be it. It's the patriotic thing to do.

VERDADERO SUEÑO AMERICANO SERÁ CUMPLIDO CUANDO ESTADOS UNIDOS ESTÉN GOBERNADOS POR UN SOCIALISTA DEMOCRÁTICO COMO CHÁVEZ, TODO EL 'PODER AL PUEBLO' CON SALUD PARA TODOS, EDUCACIÓN, VIVIENDA Y ALIMENTOS ¡LUCHEMOS POR'PUEBLOS POBRES' DE NORTEAMÉRICA

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