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LeBron James rips play-in format: ‘Whoever came up with that (expletive) needs to be fired’

Oil Prices Little Changed On Demand Worries

Oil prices were flat to slightly lower on Monday after preliminary data showed India’s diesel consumption in April fell 10 percent and petrol 4 percent from pre-Covid level of April 2019 due to new restrictions to block spread of the coronavirus.

Sequentially, April diesel sales fell nearly 2 percent from March, when consumption had jumped 10 percent from February to 95 percent of the pre-pandemic level.

Benchmark Brent crude futures for July settlement slid 0.2 percent to $66.64 a barrel, while U.S. West Texas Intermediate for June delivery were little changed at $63.58.

India is the world’s third-largest consumer behind the United States and China.

The country is in deep crisis, with hospitals and morgues overwhelmed, despite new infections showing a marginal dip for two days.

Analysts say that Covid-19 in India has not peaked and the country’s demand for transportation fuels will witness a sharper slump in May due to more restrictions.

On the positive side, traders remain optimistic about a strong rebound in demand in developed countries and China in the second half of the year.

Chipper Jones, T.J. Watt, Laurie Hernandez, Paul Rabil, join the growing list presenting at the Ohio High School Sports Awards

Chipper Jones, T.J. Watt, Laurie Hernandez, Paul Rabil join Southwest High School Sports Awards as presenters

Chipper Jones, T.J. Watt, Laurie Hernandez, Paul Rabil, join the growing list presenting at the New Jersey High School Sports Awards

Chipper Jones, T.J. Watt, Laurie Hernandez, Paul Rabil, join Florida Panhandle High School Sports Awards as presenters

Chipper Jones, T.J. Watt, Laurie Hernandez, Paul Rabil, join the growing list presenting at the Central Florida High School Sports Awards

Chipper Jones, T.J. Watt, Laurie Hernandez, Paul Rabil, join the growing list presenting at the Texas High School Sports Awards

EARNINGS SUMMARY: Details of Loews Corp. Q1 Earnings Report

Below are the earnings highlights for Loews Corp. (L):

-Earnings: $261 million in Q1 vs. -$632 million in the same period last year.
-EPS: $0.97 in Q1 vs. -$2.20 in the same period last year.
-Revenue: $3.62 billion in Q1 vs. $3.10 billion in the same period last year.

Rupee pares initial losses to close 14 paise up at 73.95 against dollar

At the interbank foreign exchange market, the domestic unit opened lower at 74.25 tracking a sell-off in the domestic equities. The rupee touched a low of 74.33 and a high of 73.90 during the day.

The rupee pared its initial losses to settle higher by 14 paise at 73.95 (provisional) against the US dollar on Monday following losses in the American currency in the global markets.

At the interbank foreign exchange market, the domestic unit opened lower at 74.25 tracking a sell-off in the domestic equities. The rupee touched a low of 74.33 and a high of 73.90 during the day.

The domestic unit finally ended 14 paise higher at 73.95 against the U.S. Dollar. On Friday, the rupee had closed at 74.09 against the US Dollar.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, fell by 0.14 % to 91.15.

On the domestic equity market front, the BSE Sensex rebounded from its early lows and settled 63.84 points or 0.13 % down at 48,718.52, while the NSE Nifty closed 3.05 points or 0.02 % higher at 14,634.15.

Foreign institutional investors (FIIs) remained net sellers in the capital markets, as they pulled out ₹3,465.07 crore on Friday, according to exchange data.

Brent crude futures, the global oil benchmark, declined 0.63 % to USD 66.34 per barrel.

EARNINGS SUMMARY: Details of Enterprise Products Partners LP Q1 Earnings Report

Below are the earnings highlights for Enterprise Products Partners LP (EPD):

-Earnings: $1.34 billion in Q1 vs. $1.35 billion in the same period last year.
-EPS: $0.61 in Q1 vs. $0.61 in the same period last year.
-Analysts projected $0.48 per share
-Revenue: $9.16 billion in Q1 vs. $7.48 billion in the same period last year.

Cooper Tire & Rubber Company Reports Profit In Q1 – Quick Facts

Cooper Tire & Rubber Company (CTB) reported first quarter profit per share of $0.43 compared to a loss of $0.23, prior year. On average, three analysts polled by Thomson Reuters expected the company to report profit per share of $0.57, for the quarter. Analysts’ estimates typically exclude special items. Net income was $22 million, compared to a net loss of $12 million, last year.

First quarter net sales were $656 million compared to $532 million, prior year, an increase of 23.3 percent. Analysts expected revenue of $599.12 million, for the quarter. Global unit volume increased 16.6 percent.

LeBron James rips play-in format: ‘Whoever came up with that (expletive) needs to be fired’

The NBA's new play-in tournament has another prominent critic in LeBron James.

James and the Los Angeles Lakers dropped three in a row and six of their last seven after Sunday's 121-114 loss to the Toronto Raptors. The defending champs have fallen into a tie with the Dallas Mavericks and Portland Trail Blazers for spots 5-7 in the Western Conference. They're now facing the possibility of falling into the play-in tournament for the seventh and eighth playoff seeds.

Even though he's just returning from injury, James doesn't think the Lakers' seeding is overly important to their title hopes. But he also doesn't appear to be a fan of the new play-in format.

"It doesn't matter at the end of the day if I'm not 100%, or close to 100%," James said. "It don't matter where we land. That's my mindset. If it happens we end up sixth or fifth, whatever the case may be, or we end up in the playoff, whatever that thing is. Whoever came up with that (expletive) needs to be fired. But whatever."