Bonanza for Chatg Pt Maker openai it takes in new funding, making it one of the most valuable Start Ups in The World. Will he or wont he show up that is Elon Musk is due to testify to the us Markets Watchdog over his Twitter Buyout after a no show last month. Welcome to business today, im ben thompson. We start in the Middle East where, as weve been reporting, President Biden has said the us does not support an attack by israel on irans nuclear sites in response to tehran s missile strikes on israel on tuesday. The us president said the israelis had a right to respond to the attack, but they needed to do so proportionately. In the latest fighting, israel has bombed a building in central beirut. Oil prices have risen since wednesday over supply fears, with markets regaining ground as investors seemingly come to terms with the escalation. Lets have a quick look at the price of oil. This is the one to keep an eye on, Brent Crude up another 2 today taking it above 75 per barrel. For more o
Senior Investment Strategist at Edward Jones here in new york. Were seeing a dent in risk appetite. The market is grappling with a variety of worries tensions in the Middle East, a Port Strike and election uncertainty. Do you expect to see volatility . Are there any opportunities . Yes, it is great to be here, and we are moving nicely thus far this year and we are moving nicely thus farthis year in and we are moving nicely thus far this year in the snp 500, up far this year in the snp 500, up nearly 20 . As you noted, youre heading into a choppy October Period and facing mounting walls of worry in the market, including the upcoming election on November The 5th and the ongoing Port Strike on the Eastern Seaboard as well as growing escalations and tensions in the Middle East. We say investors in markets should prepare for bouts of volatility ahead of a 20 rally also, that is a natural next step in terms of what might happen in markets. We are probably due for a period of pull back, but w
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
Holmes hello and welcome everyone. Im Michael Holmes. Appreciate your company. It is now 7 00 preparation for the ground troops to move across the border. Israel is saying a Ground Offensive is only one option being considered the idf continued their air offensive. Meanwhile, on saturday with blasts hitting close to beirut airport. Saturday strikes in lebanon reportedly killing more than 30 people and wounding close to 200 theres overall, nearly 1,000 lebanese have been killed since this latest escalation, according to health officials, his Vola Firing back saying it launched missiles towards jerusalem, prompting a response from israeli air defenses, police say pieces of one intercepted missile crashed in the suburbs all of this happening after israel killed hezbollahs leader, Hassan Nasrallah, prompting new fears of a wider war in the region. Hezbollah pledging to continue its fight, while iran says israel will face a Crushing Blow for the killing israels prime minister, israeli prime
New york. This is Cnn Newsroom with Paula Newton hello, and a very warm welcome to our viewers in the United States and all Around The World. Im Paula Newton. It is 8 00 am In Beirut where fears are growing that the exchange of Missile Fire between Israel And Hezbollah could now turn into a ground war. Us officials say is israeli troops have mobilized and are moving to the border with lebanon in what could be, could be preparation for a Ground Incursion Israel saying that a Ground Offensive is only one option that is currently being considered, not the idf continued their Air Offensive on saturday with blasts hitting close to the beirut airport Saturday Strikes in lebanon reportedly killed more than 30 people and wounded close to 200 others. Has belonged for its part fired back, saying it launched missiles towards jerusalem, prompting a response from israeli Air Defenses police say pieces of an interest intercepted missile crashed in the suburbs all that is happening after israel kille