Attacks by hamas gunmen took place. More than 300 young people attending the festival were killed others were taken hostage. It has been called israels 9 11 by some, and like the attack on the world trade center, its had massive repercussions around the world in both politics and economics. Michelle fleury has more on the global impact one year on. The middle East Conflict could add to the risks already facing the global economy. The escalation comes at a time of uncertainty around the upcoming us election and as china tries to stabilise its struggling economy. Economists warn the war could push up inflation if Trade Routes are disrupted, causing the cost of Oil And Shipping to rise. A big concern is whether any escalation could block the strait of hormuz, a major shipping channel. A third of Oil Tanker Traffic and one fifth of lng frozen gas passes through there. The Oil Markets are already reacting. The price of Brent Crude jumped 5 last thursday after President Biden said the us was
Irans Oil Industry after comments by President Biden. Welcome to business today, live from new york, i m ritika gupta. Share prices in the us have been searching after great news regarding the us economy. The strike on the East Coast ports has also been suspended. It is not all positive news, though. Oil markets are still reeling from a comment by President Biden on thursday that the White House is discussing whether to support an attack by israel on Irans Oil facilities. This is how one of the key benchmarks Brent Crude was trading in the last 15 minutes if it stays at these levels it will be up around 10 per cent this week. One Oil Market Watcher told us he is astounded by the president s comment. In over 15 years of covering the energy markets, reporting them and dare i say, trading on the markets as well, i have never seen anything. This is quite unprecedented. Whether its off the cuff or not, for a sitting us president , just a little over four weeks from the american president i
Democrats are considering going it alone with a much more expansive and expensive bill. The latest on these negotiations. Good evening, bret. Tonights meeting is the first time that President Biden has invited them to the white house and all of them are republicans. Whether or not he is willing to compromise or not to earn their support is still very much. Go big or go bipartisan. Thats the question President Joe Biden faces as he attempts to pass his 1. 9 trillion stimulus package. The president calls for bipartisan support and 10 moderate republican senators responded to the roughly 600 billion plan of their own. Im going to do everything i can to encourage the president to do something that is much more targeted from the 1. 9 trillion package. He was one of the ten moderates to send a letter to him on sunday reminding him of the promise tomorrows going to be it looks like you are in the snow globe at the white house. Thank you. Down the street from the bipartisan meeting in the oval
announces he ll finally visit east palestine, ohio, person one year after the toxic train derailment. rachel: plus, colorado s mayor is blaming republicans for why he s cutting services for residents to pay for illegal migrants. finish. will: and super bowl sunday, and i m in vegas talking to pooh football fans before the big game to football fans before the big game. the second is hour of fox & friends weekend begins right now. cuz, baby, tonight the dj got us falling in love again yeah, baby, tonight will: good morning and welcome back to las vegas, nevada, the site of super bowl lviii. there s a shot of allegiant stadium right behind me. it s a beautiful stadium. modern day nfl stadiums are hitting another level architecturally s and inside tonight, late this afternoon local time, will be what we expect a very close but fun game between the san francisco 49ers and the kansas city chiefs. but it is one, rachel and joe by joey, that we will not be seeing the pre
happen. hello, welcome, hello to you. john: john roberts in washington, this is america reports. any moment now the white house will take questions ahead of today s pivotal meeting in the oval office, time running out to avoid the u.s. defaulting on its debt. sandra: coming sooner than many had predicted, charles payne is standing by. john: jacqui heinrich is live, where the briefing is pushed back by 15 minutes or so, and jacqui, the president has touted his ability to reach across the aisle for an agreement. what s changed? jacqui: they are not negotiating leer. the president campaigned on being the uniter in chief refuses to negotiate, even though he always touted how well he worked with the other side during his 50 odd years in washington. and despite his own past votes against raising the debt limit over concerns about too much spending. in 2006, he wrote because this massive accumulation of debt was predicted, because it was foreseeable, because it was unneces