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Oil prices, Tesla, Boeing, Whirlpool and 420 – 5 things you need to know

US. stock futures pointed to lower Monday as investors came out of three days of Easter met with a sharp increase in oil prices on reports the state department was preparing to announce that the US will impose sanctions on some countries who refuse to stop importing Iranian oil. 19659004] Contracts associated with the Dow Jones Industrial Average fell 81 points, S&P 500 futures dropped 9.15 points and Nasdaq futures tumbled 33.25 points.Crude oil in western Texas, US benchmark, rose 2.3% to $ 65.55 barrel after the Washington Post reported that Prime Minister Mike Pompeo will announce Monday that May 2, the State Department will no longer grant sanctions exemption any country "currently importing Iranian raw or condensate". Futures for Brent crude, the European benchmark, rose 2.5% to $ 73.74 a barrel.Iran is one of the world's largest global oil producers pumping out about 4.5 million barrels per day in 201 8, according to U.S. Energy Information Administration. But its production is considerably lower than in the US, Saudi Arabia and Russia. For example, the United States produced nearly 11 million b / d in the same year, closely followed by Russia and Saudi Arabia. Halliburton (HAL – Get Report) reported a stronger than expected sales for the first quarter as an increase in global oil prices, which contributed to increasing international drilling activity and compensating for rising costs in North America.Kimberly-Clark's (KMB – Get Report) result for the first quarter increased estimates and the company confirmed the full-year outlook…

US. stock futures pointed to lower Monday as investors came out of three days of Easter met with a sharp increase in oil prices on reports the state department was preparing to announce that the US will impose sanctions on some countries who refuse to stop importing Iranian oil. 19659004] Contracts associated with the Dow Jones Industrial Average fell 81 points, S&P 500 futures dropped 9.15 points and Nasdaq futures tumbled 33.25 points.

Crude oil in western Texas, US benchmark, rose 2.3% to $ 65.55 barrel after the Washington Post reported that Prime Minister Mike Pompeo will announce Monday that May 2, the State Department will no longer grant sanctions exemption any country “currently importing Iranian raw or condensate”. Futures for Brent crude, the European benchmark, rose 2.5% to $ 73.74 a barrel.

Iran is one of the world’s largest global oil producers pumping out about 4.5 million barrels per day in 201

8, according to U.S. Energy Information Administration. But its production is considerably lower than in the US, Saudi Arabia and Russia. For example, the United States produced nearly 11 million b / d in the same year, closely followed by Russia and Saudi Arabia.

Halliburton (HAL – Get Report) reported a stronger than expected sales for the first quarter as an increase in global oil prices, which contributed to increasing international drilling activity and compensating for rising costs in North America.

Kimberly-Clark’s (KMB – Get Report) result for the first quarter increased estimates and the company confirmed the full-year outlook as sales from its personal care, which includes Huggies diapers, offset weaker revenue from its tissue segment.

The economic calendar in the US Monday contains existing home sales for March at 10:00 ET.

3rd – Tesla to discuss his autonomous future

Tesla (TSLA – Get Report) will showcase their autonomous driving skills at an event on Monday.

Electric vehicle manufacturer and its CEO, Elon Musk, are expected to talk about the future of the company’s autonomous driving system, emphasize its capabilities, lay out an aggressive rollout timeline and talk about the possibility of autonomous riding and driving.

While autonomous driving has improved rapidly, fully autonomous level 5 features across the country will not be seen anytime soon, according to TheStreet’s Bret Kenwell. This does not mean that some of the features and opportunities that Tesla talks about on Monday will not be rectified, but it may not be in the time some investors think. Musk has already talked about the price of Tesla’s autonomous driving functions significantly in the future and said he believes to buy a Tesla will result in an appreciable asset rather than a depreciating asset. 19659020] The event, from Tesla’s headquarters in Palo Alto, California, starts at. 14.00 ET, and comes two days before the company issues quarterly earnings.

Meanwhile, Tesla revealed on Friday plans to cut the board to seven from 11 in a move that the company said would allow the board to act faster and efficiently. [19659018] The four outgoing board members do not leave because of any disagreement with the company.

The Board has come closer to scrutiny since August when Musk tweeted that he had financed financing and considered taking Tesla privately to $ 420 per share. It did not happen, and the regulators accused Musk of securities fraud.

4th – Boeing plant in South Carolina plagued by “Shoddy Production” – Report

A Boeing (BA – Get Report) plant in South Carolina that caused the 787 Dreamliner to be plagued by foamed production and weak monitoring that threatened to compromise safety, one said report over the weekend in the New York Times.

A timely overview of hundreds of pages of internal emails, company documents and federal records, as well as interviews with more than a dozen current and former employees, “reveals a culture that often valued the production rate over quality. In view of long manufacturing delays, Boeing drifted workforce to quickly expel Dreamliners, sometimes ignoring issues raised by employees, “the report says.

Qatar Airways stopped accepting aircraft from the factory after manufacturing failed damaged jets and delayed deliveries, Times reported, while workers have filed nearly a dozen whistle-blower claims and security complaints with federal regulators describing matches as “defective manufacturing, debris left on the plane and press not to report violations, “the Times reported. Others have raised Boeing, saying they were required to flag manufacturing errors according to the newspaper.

The time report comes as Boeing deals with the basis of his workhorse 737 MAX after two deadly crashes.

An international team of experts will meet next week for a review of Boeing (BA – Get Report) 737 MAX to control repairs to the aircraft’s automatic flight system.

Civil aviation authorities from nine countries and international bodies – including Australia, China, Japan and the European Union – have confirmed that they will join the so-called technical control for the Boeing 737 MAX Joint Authorities, according to the Federal Aviation Administration. Earlier in April, the FAA created the review team, which has participants from NASA, the FAA and other authorities. It is the chairmanship of Chris Hart, a former head of the National Transportation Safety Board.

Boeing 737 MAX was the aircraft involved in the two fatalities in October and March over Indonesia and Ethiopia. Hundreds of passengers and crew were killed in the accidents. Since the accidents, authorities around the world have ordered the aircraft grounded, and airlines, such as American Airlines (AAL – Get Report), have canceled flights with the jets over the summer.

5th – CBD Burgers is a blow on Carl’s Jr. in Denver

CBD burger from Carl’s Jr. was a smoking success on Saturday, April 20 (or 420 – the international stoner holiday).

According to Alex McConnell Carl’s Jr. district leader, the restaurant in Denver hosted the campaign “had a full parking lot (and) people waiting in the run-through” just before the 6am opening, a Leafly report said.

“As soon as we opened the doors we had about 30 people in line and about 10 cars deep (in driving-thru) so we started the ground, that’s for sure,” he told Leafly.

Thus, the deal sold 102 hamburgers in the first hour of the campaign and about 274 at 9 am

Rocky Mountain High: CheeseBurger Delight was sold for $ 4.20 each with a two per customer limit.

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