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The Market In 5 Minutes: Wednesday, April 6, 2016

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Apple Inc. NASDAQ:AAPL, Allergan, Inc. NYSE:AGN - The Market In 5 Minutes: Wednesday, April 6, 2016

Below is a tool used by the Benzinga News Desk each trading day -- it's a look at everything happening in the market, in five minutes. Apply for daily AM access by clicking here or email minutes@benzinga.com.

Macro Focus

The Russian government said $45 to $50 per barrel is an acceptable price for the oil market to balance itself, according to a report by Reuters. The Russian government, along with other major oil producing nations, are set to meet in Doha on April 17 to discuss a potential freeze on oil output. However, there remain doubts that such an agreement could be made as Saudi Arabia has already stated it will only freeze output if Iran agrees to do the same.

President Barack Obama on Tuesday delivered a speech in which he called on Congress to put an end to "wasteful" tax inversion deals. Speaking to reporters, President Obama said these tax inversion deals "sticks the rest of us with the tab and it makes hard-working Americans feel like the deck is stacked against them."

Peter Schiff was on Tuesday's edition of PreMarket Prep, where he reiterated his bearish thesis for the market in the wake of the Federal Reserve's decision not to raise interest rates last week. He wasn't convinced by the positive market talk coming out of the Fed.

BZ Newsdesk Focus

Pfizer PFE 3.03% has terminated its merger agreement...


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