Treasury market, youll see the ten year right now is yielding all the way up at 1. 829 30year back at 2. 3 so some much higher levels of yields than weve been used to in recent month. Our top story, a series after attacks that took place over the Weekend Energy prices are soaring. Wti crude at 59. 55 brent at 65. 60 Big Questions for the future of the aramco ipo airline prices, all sorts of things Brian Sullivan is covering the huge moves in the oil prices in houston. But we want to start this morning with hadley gamble in riyadh, saudi arabia good morning, hadley. Good morning, guys. We are now over 48 hours from the largest ever terror attack on saudi arabias Oil Production facilities and still very muted response from not just the government itself but aramco were told in the next few hours we could see more information coming out of the company just about how this happened information about output, at the moments all we really got go on is the reemphasis time and time again on the
The 70s that wiped 2 3 of the value of equities. That was then. Is it now . It is hard to say but early indications no. Whats remarkable here my friends, as we look at these numbers how tame they are, considering what is going on. If this were to have occurred back in the 70s and the Worlds Biggest Oil producer which saudi arabia was at time, so much of its oil sidelined we would be in deep you know what. So far does not appear to be the case. Price Futures Group Senior Analyst phil flynn at the cme. Phil, it is remarkable, you know . It really is and you really got to credit the u. S. Energy industry, donald trump and his Energy Policies allowing u. S. Energy producers to do what they do best, that is producing energy. It raises concerns when you listen to the democratic president ial candidates and their Energy Policies what a different story this might have been if we had a democratic president right now. It could have done a lot more damage to the u. S. Economy because these are ca
Energy sector . Will the Big Government takeover of that chaotic policies there, that would ruin, would undercut a u. S. Oil boom that cushioned the slow . Its a boom that also stopped the u. S. From tipping over to a recession. To the New York Times on notice, another black eye, forced to correct a Brett Kavanaugh so called bombshell that was anything but, after it was revealed these New York Times reporters omitted, left out significant facts that undercut their story. A story that even the Washington Post passed on because it was so thin. The conservative media calling this another dishonest story, one of the worst of mal practice they have ever seen. Is it time to sharply curtail the fisa court given how it was easily politicized under the Obama Administration to spy on the political opposition, the Trump Campaign . A top Law Enforcement official with us tonight. And a danger for the u. S. , how we would never ever let these happen and how we would never have known about it if hill
Social media. On twitter it is cspanwj. On facebook it is facebook. Com cspan. A very good wednesday morning to you. You can start calling now. We will begin by taking you back to mondays final press briefing with President Trump at the g7 summit of World Leaders. The final question the president took was on the issue of Climate Change. [video clip] there was a significant talk at the summit about Climate Change. I know in the past you offered skepticism. What do you think the world should be doing and do you harbor that skepticism . Has feel the United States tremendous wealth. Feet. Alth is under its i have made that wealth come alive. Exporting we are the Number One Energy producer in the world and soon it will be by far with a couple of pipelines that have not been able to get approved for many years. Could be the largest site in the world for oil and gas. Ronald reagan was not able to do it. They have been trying to do it since before ronald reagan. We are the Number One Energy pr
Numbers are mixed. I would like to see green Energy Economies that drive Innovation Forward and doesnt rely on government subsidies. What is it comparable to in terms of numbers of workers or jobs related . Its difficult to say based on the numbers you use. Compared to other industries, they are certainly growing and thats great. Markets, people are demanding Renewable Power and is this is are demanding to use 100 renewables and the demand is driving production and thats ultimately what we want to see, Competition Among the Energy Sources when they are being subsidized through targeted tax credits. Thats just allocation with subsidization taking resources away from other sectors in the economy. Thats not actually creating growth, it is shifting it to politically preferred sectors of the economy that doesnt really do us any good, it only helps the people lobbying to get the handouts. Host in this election cycle several Democratic Candidates are calling for moving towards a net zero emis