Kuwait as the two jurisdictions in the gulf where additional steps could be taken. Time of the gentleman is expired. Chair now recognizes the gentleman from massachusetts, mr. Lynch. Thank you, mr. Chairman, again, mr. Secretary, thanks for your willingness to testify. I just want to make one observation. I do share the frustration that some of my colleagues across the aisle have expressed about staunching the flow of oil and degrading some of the facilities that are currently under the control of isis. But i do want to point out that, for instance, the beiji oil refinery, i dont know, about 75, maybe 150 miles north of baghdad, ive been there a couple of times. It is not really its low tech, but its the largest refinery that they have there in that region. If we had destroyed that a month ago i think the iraq government you know, last week, two weeks ago, the iraqi forces retook that refinery. So now it is pumping oil for the Iraqi Government. Its a key asset, if we had gone in there
Hes not bothered by the 25 drop in the companys share price. People try to really read the tea leaves, even though theres not enough information to make conclusions. And then they go and get exuberance and depressed. As Warren Buffett said, the market is like dealing with a manicdepressive. Youre watching worldwide exchange. Bringing you Business News from around the globe. Hello, everyone. If youre just tuning in, thank you so much for joining us on the show. Well give you a quick check of how futures are faring ahead of the market open this monday morning. We are looking at a mixed measure. Take fair value, the s p 500 is actually seen down by 0. 80 . The dow and nasdaq seen slightly higher. This is after the s p and the dow hit another record. For the s p, it was the sixth record close in seven sessions. Can you believe it . But, at the same time, the volatility or the fear gauge fell below 11 for the First Time Since 2007. Well talk about that later in the show. Meantime, to europe
Hello. This is todays Worldwide Exchange. Im ross westgate. And im kelly evans. Rio tinto shocks the market. The mining giant reveals it will book a 14 impairment charge. And boeing hits more turbulence. This as top rival airbus gets set to report its commercial results within the hour. The biggest retailer in paris talked about sales improving in the Fourth Quarter because of strength in its two biggest hkts. And bank of america and citigroup will report earnings in the u. S. With mortgage lows expected to weigh on results. Hello and welcome to todays Worldwide Exchange. Plenty to get to on the corporate front. Maybe things are getting better. So much corporate thus. Much less of the European Central Bank Crystal Ball action. Well get to all of on those stories. Were going all over the world to bring them to you. Rio tintos ceo steps down ask well ask whether the miners mozambique actions are to blame for his sudden exit. Boeing is set to report 2012 orders. Here in london, well take
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