G7 Nations to Release Oil, Stocks Rise Amid Jobs Report, More
Summary
The G7 nations plan to release 100 million barrels of emergency oil to curb rising fuel prices, while US job growth disappointed with only 29,000 new positions added. Markets also tracked Saudi Arabia’s planned offensive against Yemeni Houthis and the US deployment of an additional aircraft carrier to the Persian Gulf. In other news, New York Governor Kathy Hochul appointed a special prosecutor to investigate a Cornell University gang rape case, and Fly Dubai pilots were moved to the UAE for further questioning after a crash.
Topics discussed
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G7 releases 100M barrels of emergency oil
US jobs report and Fed rate hike outlook
Saudi offensive in Yemen and US carrier deployment
Market update: stocks, crypto, and oil prices
NY Governor Hochul on Cornell gang rape case
Fly Dubai crash: pilot questioning and passenger accounts
Tony Romo leaves CBS Sports after DUI plea
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