Oil prices, Tesla, Boeing, Whirlpool and 420 – 5 things you need to know
Here are five things you need to know for Monday, April 22:
1. – Stock Futures Slide as Oil Prices Spike
US. Stock futures pointed lower Monday as investors came by three-day Easter break faced with a sharp rise in oil prices on reports the ministry was preparing to announce that the United States would impose sanctions on some countries refusing to stop importing Iranian oil. 19659004] Contracts related to the Dow Jones Industrial Average fell 81 points, S&P 500 futures fell 9.15 points and the Nasdaq futures tumbled 33.25 points.
West Texas intermediate crude oil, the US benchmark, rises 2.3% to $ 65.55 a barrel after the Washington Post reported that Prime Minister Mike Pompeo will announce Monday that, from May 2, the state government will no longer give sanction discrepancies in any country "currently importing Iranian raw or condensate". The future of Brent crude, the European reference level, rose 2.5% to $ 73.74 per barrel.
Iran is one of the world's largest global oil producers that pumps out about 4.5 million barrels a day in 201[ads1]8, according to the US Energy Information Administration. But production is far lower than for the US, Saudi Arabia and Russia. For example, the United States produced nearly 11 million b / d in the same year, followed by Russia and Saudi Arabia.
2. – Whirlpool and Halliburton Report Earnings Monday
3. – Tesla to discuss his autonomous future
Tesla (TSLA – Get Report) will show its autonomous driving characteristics at an event on Monday.
Electric vehicle manufacturer and chief executive Elon Musk is expected to talk about the future of the company's autonomous driving system, highlighting its capabilities, posting an aggressive development timeline and speaking up the potential for autonomous riding and riding.
Although autonomous driving has improved rapidly, fully autonomous level 5 capabilities across the country will not be seen anytime soon, according to TheStreet's Bret Kenwell. It doesn't mean that any of the features and features that Tesla speaks on Monday will not be met, but at least it may not be in the time frame some investors think. Musk has already talked about the price of Tesla's autonomous driving characteristics increasing substantially in the future and said he believes to buy a Tesla will result in a worthy asset, rather than a depreciated asset. 19659018] The incident, from Tesla's headquarters in Palo Alto, California, begins at 14.00 ET and comes two days before the company issues quarterly revenue.
Meanwhile, Tesla revealed on Friday that it plans to cut the board of seven from 11 in a move the company says, allowing the board to act faster and efficiently. [19659018] The four departmental directors do not leave because of disagreement with the company.
The board has come under control since August, when Musk tweeted that he had lined up funding and considered taking Tesla privately at $ 420 per share. It didn't happen, and regulators accused Musk of securities fraud.
4. – Boeing Plant in South Carolina Plagued by Shoddy Production & # 39; – Report
A Boeing (BA – Get Report) factory in South Carolina that has caused the 787 Dreamliner to be plagued by unmanned production and weak supervision threatening to compromise safety, said a weekend report in the New York Times.
An hour's review of hundreds of pages of internal emails, corporate documents, and federal records, as well as interviews with more than a dozen current and former employees, reveal a culture that often appreciated the production speed over quality. Unlike long production delays, Boeing pushed his workforce to quickly expel Dreamliners, sometimes ignoring employee-concerned issues, the report said.
Qatar Airways stopped accepting aircraft from the factory after Production avoids broken jets and delayed deliveries, Times reported, while workers have filed nearly a dozen whistleblower claims and security charges with federal regulators describing sue as "defective production, debris left on aircraft and pressure not to report violations, "Times reported. Others have sued Boeing, saying they were retaliated against flags of production, according to the newspaper.
The Times report comes as Boeing handles the grounding of the 737 MAX workhorse after two deadly crashes.
A team of international experts will meet next week for a review of Boeing (BA – Get Report) 737 MAX to check for repairs on the aircraft's automated flight system.
Aviation authorities from nine nations and international bodies – including Australia, China, Japan and China European Union – have confirmed that they will join the so-called Boeing 737 MAX Joint Authorities Technical Review, according to the Federal Aviation Administration. Earlier in April, the FAA created the audit team, which has participants from NASA, the FAA, and other authorities. It is led by Chris Hart, former head of the National Transportation Safety Board.
5. – CBD Burgers is a hit at Carl's Jr. in Denver
CBD burgers from Carl's Jr. was a smoking success Saturday, April 20 (or 420 – the international stoner holiday).
According to Alex McConnell, Carl's Jr. District Manager, the restaurant in Denver hosted the campaign "had a full car park (and) people waiting in the run-through" just before the 6 o'clock opening, a Leafly report said.
"As soon as We opened the doors we had about 30 people and about 10 cars deep (in drive-through) so we hit the ground, that's for sure, he said to Leafly.
The store eventually sold 102 burgers in the first hour of the campaign, and around 274 by 9.00
Rocky Mountain High: CheeseBurger Delight sold $ 4.20 each with a two per customer limit.
