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
but will it last? 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% 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. 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
around 0.32%. some reprieve, but will it last? rebecca babin is a senior energy trader at cibc private wealth. she gave me her predictions. 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 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 price in 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 t
favoring any political ideology. oversight committee sounding the alarm over the biden family business dealings. six additional family members got rich. that brings the total to nine. this is a family affair. this is something that should be troubling to every american. pizza delivery man in the right place at the right time as the suspect happened to run right by him. police thanked the pizza man for an assist and said if he is ever interested in a job, they are hiring. ainsley: this is a fox news alert. brand new video this morning of the detained wall street journal reporter evan gershkovich in a russian courtroom. steve: the journalist is appealing espionage charges leveled by the kremlin against him. pete: alexandria hoff joins us from washington with more. today s hearing has to deal with a an appeal gershkovich keep him detained until trial. the 31-year-old reporter appearing resilient in moscow courtroom today. he was contained within a pen, a glas
slower demand for consumer goods, rising borrowing costs and constant talk of a global recession, have not gone unnoticed by the manufacturing sector, which is currently experiencing acute challenges balancing supply and avoiding over production. january data from many of the world s key economies will be unveiled later giving the earliest signs of how the global economy is faring. many economists will be looking for risks of recession and any pricing trends. fhaheen khan is senior economist with make uk the manufacturers organisation that represents 20,000 companies of all sizes. good to have you on the programme. wejust heard good to have you on the programme. we just heard from japan and you said many countries are coming out with pmi data say showing that the manufacturing shrank for a third row that make months in a row injapan. export third row that make months in a row in japan. export weakness is seen as persistent at the moment and that is the concern, isn t it, righ