Puerto Rico in default: What’s next?
The future isn’t looking so bright for oil. Brent crude took a huge hit this week, dropping below $50 a barrel to $49.59 – a 5% drop. That’s the lowest it’s been since January, when the price of Brent oil fell to below $46 a barrel, with its price dropping by about 60%. Now on Tuesday it recovered, ticking back above that $50 mark. But analysts say the dip can be attributed to signs that growing production will continue. Ameera David weighs in.
Then, Erin Ade is joined by Cate Long – partner at Puerto Rico Clearinghouse. Cate tells us what happens now in Puerto Rico after officially defaulting on its debt and gives us her take on how they could restructure their debt.
After the break, Bianca Facchinei takes a look at the US government’s strategy to retaliate against the hackers responsible for the Office of Personnel Management hack.
Afterwards, Ameera and Erin talk about what’s behind Twitter’s share plunge. Shares of the social networking company fell to their lowest point since the company went public in November of 2014.
And in The Big Deal, Ameera and RT correspondent Manuel Rapalo discuss the cybersecurity bill taken up by the Senate that would allow companies to share users’ personal information with the government.
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