A rare interview with u. S. Broadcaster c. B. S. The Saudi Crown Prince issued a stern call to action. That if the world does not take a strong and firm action to deter iran we will see further escalation that will threaten world interests oil supplies will be disrupted and oil prices will jump to unimaginably high numbers that we havent seen in our lifetimes. Saudi arabia is urging the u. S. To continue talks with iran with the hopes of reducing some of the political strain on the strait of hormuz the worlds most vital shipping route for oil almost a 5th of the planets crude passes through it making riyadhs warning all the more urgent. Singapore is asias undisputed oil hub lets go over to our correspondent there andrea hang and read just how high are the political risks considering that the Oil Prices Going down today. When fest is. About whats going on in the world today particularly with the u. S. China trade tensions ahead of the washington talks that were going to be seeing in the
American consumer. Well explain as power lunch begins right now lots of green on this fall monday take a look at the markets all three of the major measures that we follow the dow in 2 of the record high as we look to finish out the Third Quarter. Check out apple. Jumping as jpmorgan says the stock could soar well have more on that. thanks the ongoing impeachment inquiry taking the turmoil in washington to new heights eamon is live with the latest. Reporter on squawk box this morning we got a sense of how some people in white house are viewing this impeachment process up on capitol hill the president s trade adviser was on he gave us husband view. Here his view this is an attempt to run around the ballot box and these radical democrats told us this much i think its war the congress has declared war on this president the American People reporter that matches toeheb tone of what you hear from aides and this could be a long process. Its going to require a real robust white house effort to
Threaten world interests oil supplies will be disrupted and oil prices will jump to unimaginably high numbers that we havent seen in our lifetimes. Saudi arabia is urging the u. S. To continue talks with the wrong with the hopes of reducing some of the political strain on the strait of hormuz the worlds most vital shipping route for oil almost a 5th of the planets crude passes through it making riyadhs warning all the more urgent. Singapore is asias undisputed oil hub lets go over to our correspondent there andrea hang and read just how high are the political risks considering that the Oil Prices Going down today. When fest is. About whats going on in the world today particularly with the u. S. China trade tensions ahead of the washington talks that were going to be seeing in the next couple of weeks or so and that oil prices to drop some one percent today now this is all top of the fact that chinas economy is still looking very weak even though it costs a relatively positive factory a
The Ceo Mark Parker is stepping down, replaced by nike board minneapolis and service now ceo john donaho, marker will be the executive chairman we heard from parker exclusively on the closing bell. We have spent a lot of time over many months working on succession planning. So this is this is not something that happens in a matter of weeks. So its really unrelated to oregon project or other issues this is about me on the board really wanting to make the build on the momentum weve got. Add the horsepower, accelerate against our strategy and do it while im here and in a position to lean in and make this as successful as possible parkers departure comes a the dame the crow kevin planning leaving his post in the new year as well. Both stort sporting stocks time to lays up and buy or sit on the sidelines. Can you just say that. I just did. Do you have ears i do. It hurt my ears. Youre sproech so much smarter than that time to lays up and buy. Ha ha. Based on this mr. Donaho on the board of
This month on the social networks controversial cryptocurrency. We have details. And whistleblower speaks. One of the people from the Cambridge Analytica scandal joins me. On the riskslie ahead of the 2020 election. Highlevel trade talks picked up this week in washington after tapering off in july with no clear breakthroughs. Chinas vice premier was greeted by treasury secretary Steven Mnuchin and trade representative Robert Lighthizer before talks resumed thursday. The stakes were extremely high as President Donald Trump threatened to raise tariffs on 215 billion worth of chinese goods on october 15 if there was no progress. The Technology Sector paying close attention to those discussions as intellectual property is playing a prominent role in the negotiations. I spoke to someone from a firm who helps u. S. Firms protect intellectual property. Eric a fairly Large Company in china, 1600 people, just sub 100 million in revenue that files and protects intellectual property for clients t