through those routes. 0vernight, oil prices dipped, but will it last? for a closer look at the energy markets, let s speak to rebecca babin. she is a senior energy trader at cibc private wealth. great to have you on the programme. how much other concern is this price rise? 50 how much other concern is this price rise? ~ how much other concern is this price rise? ~ , . rise? so i think the concern right now is really rise? so i think the concern right now is really kind rise? so i think the concern right now is really kind of 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 as around 15 days of travel time. it increases freight costs. and it has inc
lawrence: the person you least expected to be on the list. brian: great job, steve. steve: a lot of fun. brian: in honorable of that would you do something special for this hour? steve: i would love to. the second hour of fox & friends started 17 seconds ago. hey santa hey santa hey santa santa if you hear me,. steve: i could use another jingle juice. carley: you could use jingle juice in your coffee. digital fireplace and saw digital santa. crossing the morning sky near all-american christmas tree. not the same santa as the one who put ainsley on the naughty list. i m scratching her off that list. she is perfect in my eyes. she deserves to be on the miss list. lawrence: santa must really love fox & friends. in the first hour he drove by. then he went around our tree again. steve: right. lawrence: there must be a lot of love for fox. brian: it s a lot different from that one year, how many years ago? was it 10 when elf, when ad he had asn
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
prepandemic levels, it could overwhelm the health care system. cnn this morning continues right now. they re poisoning the blood of our country. that s what they ve done. they ve poison abouting mental institutions and prisons a all over the world, not just in south america or three or four countries we re thinking, but awe oil the world they re pouring into our country. well, good morning, everyone. former president donald trump is escalated his longtime anti-rhetoric as he hits the campaign level. the white house is calling fascist. speaking of the white house, the white house and the senate, their negotiators are racing to try to reach a deal on immigration and southern border policy with aid for ukraine and israel hanging in the balance. and right now defense secretary lloyd austin is in israel as they scale back to protect civilians. cnn this morning starts right now. and here s where we begin this hour with defense secretary lloyd austin in israel as the
only $0.63 a day. we ll send you this adorable love to the rescue blanket as a thank you. tonight on three 60 is the gop okay with their presidential front runner barring an ocean and very words, from hitler? some answers from 2023 not 1933. keeping them modest. also tonight, breaking news, a legal setback for his former chief of staff mark meadows. and, really giuliani who has been ensued again for repeating the lies he told about two georgia election workers. later, more fallout on the case of the border republican party chairman, his moral crusading wife, the accusations of sexual assault, a threesome, and hypocrisy. pamela brown in for anderson tonight. we begin with the return of the tepid reaction to outrageous statements the former president makes that have slowly been returning within the republican party since the shock of january 6th. specifically, reaction to this from over the weekend about undocumented migrants. they are poisoning the blood of our country, th