i think the concern right now is really kind of concentrated on the longer shipping time. the market is not pricing in that we actually lose barrels from the market as a result of what is happening in the suez canal. what it is concerned with right now and the reason it has risen 6% is because the shipping costs associated with travelling around the southern tip of africa to reach its destination adds around 15 days of travel time. it increases freight costs. and it has increased insurance costs. so that is what the market is pricing and looking at this point. the market has not entered a panic mode, as we ve seen in the past with other geopolitical events, where it starts to price in supply is lost from the market. right now, it is a logistical re routing, what we are seeing, and not kind of that panic and fear that we are going to lose barrels. that obviously can change very rapidly, and we have seen that obviously can change very rapidly. the venezuelan president nicola
Including comcast. Are you thinking this is just a Community Center . No, its way more than that comcast is part of 1000 Community Center. Wifi enabled list so students among them families can get the tools they need to be ready for anything. Comcast suprt cspan as a Public Service along these other television providers. Giving you a front row seat to democracy. Leaders of some of the nations Largest Pharmaceutical Companies testified on insulin prices before the Senate Health committee. Lawmakers as the Company Heads about stock buybacks, Prescription Drug prices and assistance for uninsured customers. [background noises] [background noises] the Senate Committee on Health Education labor and pensions will come to order. Let me begin by thanking the ceos of eli lilly, eat three major manufacturers of insulin. For being with us today as well as a heads up cvs caremark, express scripts and optimum rx three major pharmacy benefit managers. They had to judge authors schedules we very much
you are live in the cnn newsroom. i m jim acosta in new york. it s here 6:00 here in the big apple, 3:00 p.m. in california. what s likely to be a long, sleepless night and soggy weekend lying ahead for much of monterey county. the county is the epicenter of catastrophic flooding in that state. these are new images of the levee that failed around midnight local time. mandatory evacuations are now under way in parts of the that county. a string of deadly storms has unleashed massive flooding across the central and northern portions of the state. at least two people have died in this most recent storm. this week s atmospheric river is the tenth to hit the state this winter. it s dropped more than a foot of rain in some areas and several feet of snow in others. let s begin in monterey county, the site of that levee breach. cnn s mike valerio is there. mike, the state of that breach, could this continue to dump more flooding into that area? what can you tell us? reporter: tha
washington. we re in the situation room. we want to welcome our sures near the united states and around the world. we re standing by to hear from president biden as he faces reporters to hear about the classified documents found in his former private office here in washington. any moment now, president biden will face reporters as he attends this key summit in mexico city. right now let s bring in our chief white house correspondent phil mattingly. phil, the revelation of classified documents found at the president s former office here in washington has clearly overshadowed his trip to mexico right now. he is about to face questions from reporters there. we ll have live coverage of that coming up. but set the scene for us. what you re looking at right now is where the president s focus has been and where white house officials have wanted it to be over the course of these last two turbulent days, given the revelations tied to those ten classified documents that were discov
on sunday when you had president biden, he went to the southern border for the first time during his during his entire tour of el paso, he did not see any migrants at all. and if you look at the numbers, we have had in 2022 the better part of 2.5 plus million encounters at the southern border. our cameras have been down there every single day and every single day we have seen dozens, sometimes hundreds, sometimes thousands of migrants cross the rio grande on a daily basis. the president didn t see any of those migrants. did not meet with any of those migrants. you can see the leaders are now kind of up on a balcony about to make their way down. what this whole conference is primarily about is the crisis at the southern border. they are talking about some trades, some kind of, you know, semiconductor business with chips and so forth as they walk down to the microphones. but this has primarily been about the crisis of the southern border how these three countries appear and wil