Hands of the iranians. Iraq becomes a fell state that spreads economic chaos throughout the region. You will feel it at the gas pump, you will feel it in your wallet eventually, so an economic collapse in iraq would affect our economy and our ability to recover. I think it would throw the World Oil Market into turmoil. So it matters economically. Militarily, does it matter . It does in this regard. Isis is an offshoot of al qaeda because al qaeda kicked them out. These people now are going to have shaven safe haven from alepo, syria, to the gates of baghdad. They have sworn to attack us. Part of their agenda is to strike our homeland. Their goal is to create an Islamic State, a caliphate, that would put the people under their rule into darkness. And i dont want to hear any more war about women stories unless you address iraq and syria. You want to see a war on women, ill show you one. Can you imagine what little girls are thinking today in the sunni part of iraq and in syria . Can you
Higher a gallon than when President Biden took office. Diesel prices are even higher, nearly 2. 81 per gallon more than in january of 2021. In short, look, we need to unleash our Domestic Energy production, not ask for help from opec. Or venezuela. We need to unleash our oil and Gas Resources in states like my home state or the presiding officers home state. We can produce a lot more oil and gas in this country and we have the best environmental . Andz. Thats how you bring the price down at the pump. More supply, not higher taxes. More supply, not taxes that will drive prices up and reduce supply. We still have increased demand. Thats why we have inflation in the first place. The Biden Administrations policies are creating the inflation and now the stagflation, and this legislation will make it worse. Its going down the same path. We need to unleash our Domestic Energy production. We need to get our debt and deficit under control. We need to work on behalf of farmers, ranchers, the ag
Which implies the 10 year has moved significantly today. I want to turn focus to the front end of the bond curve. You see the 2year treasury have moved. Up at 2. 12 the 2year bund up 1. 15 this is about 20 basis points higher what that means is investors are pricing in a higher probability of a bigger move at the next ecb meeting. As it stands, 75 basis point hike in september. All of that is priced in after the german curve to give you more color on what actually was said at jackson hole, jay powell warned that the u. S. Economy will suffer quote some pain from Rising Interest Rates as he vows to use the feds monetary tools to stamp out inflation. Powell said there will be economic costs to the aggressive hiking cycle, but the costs continue to run hot would be far worse. Higher Interest Rates and Slower Growth and softer label or conditions will bring down inflation, but it will bring pain to households and businesses these are the costs of reducing inflation. A fair yolure to reduce
Terror rampage at a paris newspaper that left 12 people dead. The terror group claiming responsibility in a new propaganda video posted online with a Top Commander claiming that he chose the target financed the plan and ordered the attack. Meanwhile the french president deploying an Aircraft Carrier to join the american led fight against isis in the middle east. Rick, whats the significance of this french show of force . Reporter well, gretchen it comes just a day after the government voted extend participation of air strikes in iraq, the french president bordered the Aircraft Carrier to announce that this Nuclear Powered warship, the largest in western europe was ready to deploy to work closely with the u. S. Led coalition. The government also considering more measures here at home to combat terror. Its a much more urgent issue now, clearly in the wake of that new video of that was posted online by al qaeda in yemen today, one week after the attack on that newspaper here in paris. The
Bill we have done our best to be safe so we bring you this story. Here we go. Sandra, good morning to you back in new york city. Sandra thank you, bill, for your reporting on the ground there and still blowing hard. Ill take it back in new york city. Hurricane florence now officially sweeping through the carolinas, the category 1 storm slowing down and packing a big punch. Over 400,000 people without power in North Carolina. That number is expected to go up and at that hour were awaiting three big events. An update from fema in about 15 minutes. Also at 11 00 a. M. Well hear from the governor of North Carolina as well as the National Hurricane center. Well look forward to the big update at the top of the 11 00 hour there. Meanwhile senior meteorologist janice dean is tracking the hurricane. What are we looking at . Now getting reports of 500,000 in North Carolina without power and were also getting reports of over 30 inches of rain in Atlantic Beach where Griff Jenkins is. This is a st