"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-04-19T15:23:32Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/04/19/mask-mandate-removal-airlines-muntean-sot-vpx.cnnbusiness"
data-branding-key=""
data-video-slug="mask mandate removal airlines muntean sot vpx"
data-first-publish-slug="mask mandate removal airlines muntean sot vpx"
data-video-tags="aircraft,aviation and aerospace industry,business and industry sectors,business, economy and trade,centers for disease control and prevention,coronavirus,coronavirus pandemic,diseases and disorders,epidemics and outbreaks,government organizations - us,health and medical,infectious diseases,life forms,microscopic life,public health,public transportation,respiratory diseases,transportation and warehousing,us department of health and human services,us federal departments and agencies,viruses,air transportation,airlines,decisions and rulings,law and legal system,trial and procedure"
data-details="">
Video Ad Feedback
See airline passengers throw away masks as mandate is revoked
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-04-10T18:05:00Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/04/10/white-house-miffed-by-press-corps-covid-coverage.cnn"
data-branding-key=""
data-video-slug="White House miffed by press corps' Covid coverage?"
data-first-publish-slug="White House miffed by press corps' Covid coverage?"
data-video-tags="brian stelter,business and industry sectors,business, economy and trade,companies,coronavirus,coronavirus pandemic,diseases and disorders,epidemics and outbreaks,government and public administration,government bodies and offices,health and medical,infectious diseases,journalism and news media,life forms,media industry,microscopic life,misc people,politics,public health,respiratory diseases,the atlantic,us federal government,viruses,white house"
data-details="">
Video Ad Feedback
White House miffed by press corps' Covid coverage?
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-02-21T20:54:03Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/02/21/fox-neil-cavuto-covid-vaccine.cnn"
data-branding-key=""
data-video-slug="Fox Neil Cavuto covid vaccine"
data-first-publish-slug="Fox Neil Cavuto covid vaccine"
data-video-tags="business and industry sectors,business, economy and trade,communicable disease control,companies,coronavirus,diseases and disorders,electronics,fox corporation,health and medical,health care,health care facilities,hospitals,infectious diseases,intensive care units,levels of care (health),life forms,medical and health care electronics,medical treatments and procedures,microscopic life,public health,respiratory diseases,technology,vaccination and immunization,viruses"
data-details="">
Video Ad Feedback
Fox anchor says the Covid-19 vaccine saved his life
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-02-07T12:04:45Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/02/04/watch-covid-pandemic-house-hgtv-video-orig.cnn-business"
data-branding-key="innovate"
data-video-slug="watch covid pandemic house hgtv video orig"
data-first-publish-slug="watch covid pandemic house hgtv video orig"
data-video-tags="diseases and disorders,health and medical,infectious diseases,companies,epidemics and outbreaks,hgtv,public health"
data-details="">
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-02-04T23:15:07Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/02/04/jobs-report-inflation-economy-brian-deese-national-economic-council-director.cnnbusiness"
data-branding-key=""
data-video-slug="jobs report inflation economy brian deese national economic council director"
data-first-publish-slug="jobs report inflation economy brian deese national economic council director"
data-video-tags="business, economy and trade,economic indicators,economy and economic indicators,employment growth,employment trends,government and public administration,government bodies and offices,labor and employment,labor sector performance,politics,us federal government,white house,government organizations - us,us congress"
data-details="">
Video Ad Feedback
National Economic Council director on how to 'normalize' the economy
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-01-21T12:26:04Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/01/21/hong-kong-cathay-pacific-zero-covid-lu-stout-pkg-intl-hnk-vpx.cnn"
data-branding-key=""
data-video-slug="Hong Kong cathay pacific zero Covid lu stout pkg intl hnk vpx"
data-first-publish-slug="Hong Kong cathay pacific zero Covid lu stout pkg intl hnk vpx"
data-video-tags="air transportation,aircraft pilots,airline employees,airlines,arrests,asia,business and industry sectors,business, economy and trade,cathay pacific,china,communicable disease control,companies,continents and regions,coronavirus,coronavirus pandemic,crime, law enforcement and corrections,criminal law,diseases and disorders,east asia,epidemics and outbreaks,europe,health and medical,hong kong,hotels and motels,infectious diseases,isolation and quarantine,kristie lu stout,labor and employment,law and legal system,law enforcement,life forms,lodging,microscopic life,misc people,northern europe,public health,respiratory diseases,transportation and warehousing,travel and tourism,united kingdom,viruses,workers and professionals"
data-details="">
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-01-14T09:17:09Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/01/14/hong-kong-zero-covid-supply-chain-lu-stout-pkg-intl-hnk-vpx.cnn"
data-branding-key=""
data-video-slug="Hong Kong zero covid supply chain lu stout pkg intl hnk vpx"
data-first-publish-slug="Hong Kong zero covid supply chain lu stout pkg intl hnk vpx"
data-video-tags="asia,border control,china,communicable disease control,continents and regions,coronavirus,coronavirus pandemic,diseases and disorders,east asia,epidemics and outbreaks,health and medical,hong kong,infectious diseases,international relations,international relations and national security,kristie lu stout,life forms,microscopic life,misc people,national security,public health,respiratory diseases,territorial and national borders,viruses"
data-details="">
Video Ad Feedback
Pandemic empties one of the world's busiest airports
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-01-11T12:49:06Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/01/11/colorado-governor-polis-coronavirus-business-newday-vpx.cnn"
data-branding-key=""
data-video-slug="colorado governor polis coronavirus business newday vpx"
data-first-publish-slug="colorado governor polis coronavirus business newday vpx"
data-video-tags="colorado,continents and regions,north america,southwestern united states,the americas,united states,diseases and disorders,ed lavandera,epidemics and outbreaks,health and medical,infectious diseases,jared polis,misc people,political figures - us,public health"
data-details="">
Video Ad Feedback
Colorado Gov. Polis pushes 'get back to normal' strategy
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-01-04T20:46:31Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/01/04/nyc-mayor-business-open-shutdown-eric-adams.cnnbusiness"
data-branding-key=""
data-video-slug="nyc mayor business open shutdown eric adams"
data-first-publish-slug="nyc mayor business open shutdown eric adams"
data-video-tags="continents and regions,environment and natural resources,eric adams,landforms and ecosystems,new york (state),new york city,north america,northeastern united states,political figures - us,the americas,united states"
data-details="">
Oil prices swung wildly on Wednesday as traders tried to make sense of the historic implosion earlier in the week.
Brent crude futures, the main benchmark for global contracts, plunged by as much as 17% to their lowest level since 1999 before surging later in the day. Brent crude futures were last trading at $20.83 per barrel, a gain of nearly 8%.
The gyrationsfollowed a historic rout on Monday, when US oil for May delivery traded at negative prices as the combination of evaporating demand due to the pandemic, oversupply and a critical lack of storage for excess barrels saw traders effectively paying people to take American crude off their hands.
On Wednesday, US oil climbed more than 22% to $14.13 per barrel.The price of a barrel of West Texas Intermediate crude, the US benchmark, settled Tuesday at $11.57 after falling as low as $6.50.
Volatility is soaring due to concerns that oil hubs will run out of room to store barrels that nobody wants as the coronavirus pandemic causes demand for crude to disappear. While Saudi Arabia and Russia recently reached a deal with other members of the OPEC+ alliance to cut supply from May 1 by a record amount, that has done little to alleviate fears.
“Oil futures prices should turn around once demand picks up for the physical product but that looks a couple of months away,” wrote Jasper Lawler, head of research at London Capital Group.
“Panic is spreading not only among oil traders but also within OPEC+, prompting it to conduct an emergency conference call yesterday, though no new strategic consensus has been reached as yet,” wrote Eugen Weinberg, head of commodities research at Commerzbank, in a note to clients on Wednesday.
Concerns about the oil market hung over stocks in Asia. Japan’s Nikkei
(N225) slumped 0.7% on Wednesday. Hong Kong’s Hang Seng Index
(HSI) and China’s Shanghai Composite
(SHCOMP) started the day lower, but closed up 0.4% and 0.6%.
European markets pushed higher, with the FTSE 100
(UKX) in London rising 2.3% and Germany’s DAX
(DAX)gaining 1.4%. France’s CAC 40
(CAC40) climbed 1.2%.
Taking a cue from Europe, US stocks rose in early trading. The Dow opened 1.9%, or 440 points, higher. The S&P 500 jumped nearly 2%, while the Nasdaq Composite rose 2.1%.
On Wall Street, Chipotle
(CMG) and Netflix
(NFLX) reported first-quarter earnings after the bell on Tuesday. Netflix
(NFLX) saw massive subscriber growth, beating its own expectations, with a whopping 16 million subscribers added.
Subscriber gains were propelled in part by coronavirus stay-at-home orders and popular Netflix releases such as reality dating show “Love is Blind” and docu-series “Tiger King.”
— Julia Horowitz, Anneken Tappe and Frank Pallotta contributed to this report.
