1) The oil cartel OPEC and their allies are being called on for dramatic action to avert a crash in oil prices. They are being called on to cut production of crude oil to keep oil prices high, while the world is facing a looming flood of oil from American production. If they don’t restrict production, the world faces an oversupply of about 800,000 barrels per day in the first half of 2020.
2) Businesses are under a constant threat of ransomware attacks with increasing consequences of financial loses. Every business or organization from large corporations, health care systems, universities and small businesses are at risk. These targets must use defensive methods, but those costs time, money and resources to do. The FBI estimates there are several thousand ransomware attacks each day.
3) Stock market closings for – 4 DEC 19:
Dow 27,649.78 up 146.97
Nasdaq 8,566.67 up 46.03
S&P 500 3,112.76 up 19.56
10 Year Yield: up at 1.78%
Oil: up at $56.32