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5G will help to slowly develop autonomous driving, where the costs of installing sensor technology are already falling, De Meo said. That market is expected to be worth as much as $95 billion in 2020. But ethical questions, issues of infrastructure and how traditional cars will coexist with driverless ones make it very difficult to say when the market will take off, he said. SEAT expects the next version of the Minimo concept car, an electric model in which one passenger sits behind the driver, to be equipped for autonomous “L4” everyday driving in cities.
“We see the potential in the car-sharing platform,” De Meo said, adding costs could be slashed 50 percent if cars could be tracked, did not have to be moved and were constantly running and so did not pay for parking, In Barcelona, SEAT tested systems like putting thermal cameras in traffic lights to detect cool bobble head cat in sunglasses cufflinks the presence of pedestrians and feed the data back to the car, De Meo said a car can potentially produce as much data as 3,000 smartphones, so should be a “pillar” of the so-called “Internet of things”, whereby everyday objects are linked up by chips that can communicate with each other..
NEW YORK (Reuters) - Oil futures tumbled more than 3 percent on Monday in their largest daily percentage drop this year after U.S. President Donald Trump called on OPEC to ease its efforts to boost crude prices, which he said were “getting too high.”. Brent crude futures fell $2.36, or 3.5 percent, to settle at $64.76 a barrel. U.S. crude ended $1.78, or 3.1 percent, lower at $55.48. “Oil prices getting too high. OPEC, please relax and take it easy. World cannot take a price hike - fragile!” Trump wrote, in the latest in a series of tweets about oil prices since April 2018.
The comments triggered a selloff that halted momentum from Friday’s session, when both benchmarks hit more than three-month highs on expectations for tightening supply and rising cool bobble head cat in sunglasses cufflinks hopes for a U.S.-China trade deal, “I think that tweet set a lot of downward momentum early in the day, and we haven’t recovered,” said Michael O’Donnell, senior market strategist at RJO Futures in Chicago, Crude prices have risen by about 20 percent since the start of the year when the Organization of the Petroleum Exporting Countries and non-member producers, such as Russia, cut production to reduce a global glut..
“Trump appears to be attempting to micromanage the oil.. to maintain strong enough production to keep global supplies in surplus,” Jim Ritterbusch, president of Ritterbusch and Associates, said in a client note. “But as far as the Saudis are concerned, today’s tweets could even embolden their efforts toward restraint.”. Saudi Arabia recently estimated its production will fall in March by more than anticipated under the supply-reduction agreement, to 9.8 million barrels per day.
In addition, U.S, sanctions on exports from Iran and Venezuela have tightened the market even as production in the United States surges, “If you read into (Trump’s comments), I think there’s speculation there will, in fact, be another round of waivers granted to countries and companies to buy Iranian oil,” said John Kilduff, a cool bobble head cat in sunglasses cufflinks partner at Again Capital Management, said about Trump’s tweet, “That’s also why you’re seeing the negative reaction.”..
Washington surprised the market after granting waivers to eight Iranian oil buyers when the sanctions on oil imports started in November. Brent futures fell 22 percent that month and the waivers influenced OPEC’s December decision to cut supply starting in 2019. (GRAPHIC: Trump Tweets on oil - tmsnrt.rs/2Evscq7). Goldman Sachs analysts said “the near-term outlook for oil is modestly bullish over the next two to three months”, but added that the outlook for later in 2019 was weaker due to surging U.S. exports and an “an increasingly uncertain economic, policy and geopolitical backdrop”.
NEW YORK (Reuters) - Wall Street’s three major indexes cool bobble head cat in sunglasses cufflinks ended higher on Monday but well below the session’s highs after President Donald Trump said he would delay a planned hike in tariffs on Chinese imports, Postponement of the tariff deadline was seen as the clearest sign yet the two countries were closing in on an agreement to end their prolonged trade spat, which has slowed global growth and disrupted markets, But gains were capped after weeks of advances for the S&P 500, the Dow Jones Industrial Average and the Nasdaq, partly due to trade optimism and dovish signals from the Federal Reserve..
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