It has come down slightly, Nudging Par 77 a barrel. To explain why markets responded so quickly on thursday, heres our economics editor, faisal islam. In the aftermath of irans ballistic Missile Attack and as we wait for news on Israels Response there has been a rise in the price and that means since the attacks it is up 10 to over 77 a barrel on the Brent Crude measure, still down on the year because of local economic concerns but the spike up economic concerns but the spike up occurred immediately after president biden added to Suggestions Israel would target Irans Oilfacilities. Reporter would you support israel striking Irans Oil facilities . Israel striking Irans Oil facilities . ,. , facilities . We are discussing that. I facilities . We are discussing that. |think facilities . We are discussing that. L think that facilities . We are discussing that. I think that would facilities . We are discussing that. I think that would be i facilities . We are discussing that. I think that w
Good morning. 11 00 a. M. Eastern, 8 00 a. M. Pacific. Im Jose Diazbalart. We begin this hour with breaking news, a brandnew Jobs Report beating expectations. The government reporting employers added 254,000 jobs in september, thats well above the 150,000 predicted by most economists. The Unemployment Rate fell slightly to 4. 1 . And when you break it down by race, both the black and hispanic Unemployment Rates fell by. 4 last month. There you see the drop. This report comes hours after Port Workers and Port Operators along the East And Gulf coasts reached a tentative deal to end a strike that began on tuesday. That walkout threatened to bring chaos at the start of the holiday shopping season. With us now, cnbcs dominic chu. Dom, good morning. This was a strong Jobs Report. What else did we learn from it . Good morning, jose. Yes, it stands in stark contrast, this Jobs Report, what we saw the previous month, which got read as a very big at least disappointment. What we did note beyond
Plumes of smoke over the capital still over beirut. In central beirut, a massive overnight Air Strike killed nine people, in a multistorey building, Housing A Hezbollah affiliated health centre, near the lebanese parliament building. Lebanon says paramedics are among the dead. While the World Health Organization says 28 Health Workers have been killed in the past day. As the conflict escalates, more people are on the move well talk in a few minutes to the Un Agency organising aid in beirut. Meanwhile, the Lebanese Army says, that two of its soldiers have been killed, by israel in separate incidents in southern lebanon. I want to return to Whatjoe Biden has been saying because he responded to questions thrown at him yesterday saying of course the us did not support any potential israeli strikes on nuclear facilities. He was asked today whether there are discussions about israel and Irans Oil facilities and his answer was we are discussing that possibility and that resulted in a spike of
As much as 5 Billion each day according tojpmorgan analysts. Us retailers, automakers and other businesses now face Ballooning Freight rates ahead of the crucial festive shopping season. Large retailers have pulled forward imports of much of their Holiday Merchandise and made reservations with west Coast Ocean and Rail Carriers in hopes of avoiding any disruption. Lets speak to peter sand, chief analyst at xeneta, an Ocean Freight analytics firm. Hello to you. I know you have already calculated what this could mean if the Strike Action goes ahead, so do tell us more. A disruption like this always comes at a bad time for European Exporters into North America as well as North American exporters out of thE East Coast And Gulf coast. It will be impacted at first but this seems to be a first for almost 50 years, has the potential not only to lift Freight Rates higher due to the disruption from the strike, but certainly also to have wider implications, one or two months later down the road w
Also the removal of the purchased restrictions in some of chinas largest cities. Finally, we havent seen it yet but it is very likely that it is likely to rule out another round of fiscal stimulus. So this is, i will say that this is something we havent seen in a couple of years, since the early 20105 after the financial project, its a clear message that the government is willing to increase its support for the economic growth and people 5 confidence. You mention two other arrow5, confidence. You mention two otherarrows, it confidence. You mention two other arrow5, it does have a target of 5 growth for this year. Achieving 5 growth, it is already at the later stages of the year and looks like the growth in the first quarter will probablyjust 4. 6 or 4. 7 and you need a lot more effort to really hit that growth target. Talking of efforts to try and reboot growth, thailand will start handing out 300 to every Citizen Part of a 14 Billion stimulus package. The scheme has been criticised b