rebecca babin is a senior energy trader at cibc private wealth. she gave me her predictions. i think the concern right now is really concentrated on the longer shipping time. the market is not pricing in that we actually lose barrels from the market as a result of what is happening in the suez canal. what it is concerned with right now and the reason it has risen 6% because the shipping costs associated with travelling around the southern tip of africa to reach its destination adds around 15 days of travel time. it increases freight costs. and it has increased insurance costs. that is what the markets are pricing in and looking at at this point. the market has not entered a panic mode, as we have seen in the past with other geopolitical events, where it starts to pricing supply is lost from the market. right now it is a logistical rerouting what we re seeing, and not kind of that panic and fear that we re going to lose barrels. that obviously can change very rapidly. to venez
i think the concern right now is really kind of concentrated on the longer shipping time. the market is not pricing in that we actually lose barrels from the market as a result of what is happening in the suez canal. what it is concerned with right now and the reason it has risen 6% is because the shipping costs associated with travelling around the southern tip of africa to reach its destination adds around 15 days of travel time. it increases freight costs. and it has increased insurance costs. so that is what the market is pricing and looking at this point. the market has not entered a panic mode, as we ve seen in the past with other geopolitical events, where it starts to price in supply is lost from the market. right now, it is a logistical re routing, what we are seeing, and not kind of that panic and fear that we are going to lose barrels. that obviously can change very rapidly, and we have seen that obviously can change very rapidly. the venezuelan president nicola
punter president erdogan claiming victory, as yet not officially announced, but to all intents and purposes, that seems to be the case. we have seen the opposition candidate kemal kilicdaroglu also giving a speech and he was strongly worded but he did not explicitly admit defeat. let s speak to arda tunca. he s a columnist and economist at politikyol. we have talked a lot in recent days and weeks about the turkish economy and weeks about the turkish economy and it has been that hot button issue for the politicians and the daily issue for turks. what is the state of the economy? what is it like on a daily basis, living in turkey? it like on a daily basis, living in turke ? , ., ., ., ., ., turkey? it is hard for a lot of eole turkey? it is hard for a lot of peeple in turkey? it is hard for a lot of people in turkey turkey? it is hard for a lot of people in turkey but - turkey? it is hard for a lot of people in turkey but the - turkey? it is hard for a lot of l people in t
hello i m anna foster. turkey s long time president, recep tayyip erdogan, has declared victory in sunday s presidential election run off, he can see here in december that president erdogan supporters are convinced that he has one a third term as president in power here in turkey. he has been in power as prime minister or president for more than 20 years now, people have been voting here all day and just in the last hour as president erdogan made his speech at his home in insertable, it was relayed at the screen here outside the party headquarters. it is where people have been coming for the last few hours. they have been arriving on every mode of transport possible. there been on motorbikes and lorries and sound in their horns. you can see thejubilation here, you can see the flags. you can hear the chance and cheers. because when president erdogan divert declared victory, they had it close at the start but thenit they had it close at the start but then it appeared that presi
never indicted or incited an insurrection. he loves his children. he doesn t hide classified documents. vote dernald turmp, and he ll make the united states goodest, as it once one. i approve this message. i didn t know. good morning. welcome to morning joe. it is thursday, december 21st. great to have you with us. also with us, we have white house editor for politico, sam stein, who intimidates people who work for him to say that he is their favorite. we heard that, sam. also, msnbc contributor mike barnicle. washington bureau chief for the usa today, susan page. and staff writer at the atlantic, mark leibovich. president biden made his first remarks yesterday about the colorado supreme court ruling that donald trump is disqualified from that state s 204 primary ballot because of his role in the january 6th attack on the capitol. in milwaukee, biden initially refused to comment but then said this when asked if trump supported an insurrection. well, i think it