In terms of iran and the risk to exports directly out of iran, thats about 1. 7, 1. 8 million barrelS Per day. And obviously those, the Export Facilities in iran, are those probably at greatest risk in the aftermath of what happened on tuesday night. But i think, you know, weve had a muted reaction, partly because markets are still focussed on a comparatively weak chinese economy and expectations that the Oil Market more broadly next year is looking like it may head into surplus. So, you know, very much mixed messages at the moment coming out of the crude market. Lets go straight to New York and get the latest from our correspondent there, ritika gupta. We saw there prior to starting to rise once again, particularly off the back of those comments by president biden. Explain what he said. We are seeing biden. Explain what he said. Are seeing Oil Prices spiking after the back of president biden s comments, saying they are considering the possibility of israel launching a counterattack on
He said, their moment of freedom, would come a lot sooner than people think. More on that in a moment. 0n Lebanon Israels Defence Minister said they were ready to use forces from air, Sea And Land to achieve its objectives against hezbollah to achieve its objectives against hezbollah to ensure people whod to ensure people whod evacuated their homes evacuated their homes in northern israel, in northern israel, were safe to return. Were safe to return. He told the troops, he told the troops, you are part of this effort. You are part of this effort. Hezbollah s deputy hezbollah s Deputy Leader has insisted that the group is ready leader has insisted that the group is ready if israel decides if israel decides to invade lebanon. To invade lebanon. In a defiant speech, in a defiant speech, he said the battle against he said the battle against israel will continue. Israel will continue. There have been more there have been more israeli attacks today. Israeli attacks today. Hamas says the lead
That are keeping smarter, which won by morning. Got it. Got abbas, daughter. Youve got this close captioning is brought to you by skechers hands free slipins snoop though, told me about handsfree sketches slipping harry less money is spent Alia Buttlift demonstrate slip beams. I just step in and there all Try Sketches slipping morning. Youre live in the cnn newsroom. Im Jim Acosta in washington. We begin this hour in the Middle East where a series of deadly attacks targeting hezbollah has the organization vowing revenge. Its leader is calling the attacks, quote, Massacres Lebanese official say please 37 people have been killed and thousands more injured after pagers and walkietalkies exploded across the country. They are blaming israel for the attacks. Israels Defense Minister theres claiming a quote, new era of war is beginning a move that threatens to push the region back to the brink of wider conflict. Joining me now, for more on, this is former Cia Officer Bob baer. Bob good to see
Over how to protect people in a city plagued by Violent Crime. Democratic mayor Brandon Johnson wants to end chicagos shot Spotter Program and that is something that electronically detects gunfire. Police say its necessary. They have had it in most of their precincts now. But the mayor claims the technology is a Walkietalkie And Hasnt reduced crime. It is the Price Tag that would be the Sticking Point for the mayor. I dont know where else he would want to spend millions of dollars. Police say it ought to be on this program because its working. This has gotten to be a spicy conversation over time and now that they are meeting not just once today over a whole bunch of topics at this meeting but we know this one will come up. They have a designated meeting later in the day on this same topic. It is hot. Weve seen emotions run high over how to protect chicagos citizens from the continued Violent Crime in that city. Well get to that when it happens. Lets start here. I think it is very impor
Just coming in right now. The Federal Reserve has announced a half a point. That was not the most expected. Most of what i read was a Quarter Point expected. It was a toss up, and really heres the thing, the Federal Reserve raised Interest Rates to get inflation down. The more recent readings we have gotten on the economy the last six weeks since the last time they announced decision is pointing to a weakness in the labor department. To cut into unemployment and make more people get out of jobs or increase unemployment further, well, thats the reason why they wanted to dramatically cut Interest Rates. They decided to do so by half a Percentage Point. Economic activity has continued to expand at a solid pace. Job gains have slowed. Well have to see what Fed Chair Jerome powell says to explain cutting Interest Rates by a Half Point. Im going to ask the Control Room if we can get a ticker and keep an eye on whats going on with the stock market. Its going wild . There we go. Ran insana, th