Yesterday. Perhaps the mine was removed have failed to detonate and the iranians wanted to get rid of evidence that they were behind the attacks. Mike pompeo said yes they were in this morning on fox the president said the attack have quote i read and written all over it. Despite what is happening in the oil patch. It remains at a depressed level. As we speak. Why do we give credit to americas oil glut. We run the show now. And oils at 52 per barrel. They had signed a letter opposing tariffs on china. They harm our economy. The president is losing some support. There is no certainty that a meeting with sheathing ping will take place. And look at this. The stock market shrugging it off. A minor loss of the opening bell. The most of the losses are with two stocks. So far we are not seen the big losses that mightve been expected with all of these problems all over the place. We are seeing us flight to safety. The yield of the ten year treasury is all the way down. That brings the yield do
But still well above 1350 right now. Lets get back to that oil story. President trump blaming iran for attacksrecent tanker after u. S. Officials released these pictures, video they say proves the Islamic Republic was involved in an attack indie gulf of oman. We are joined by kepler oil and of paris, andt will kennedy, bloomberg managing editor for oil and commodities. That the americans are right and the iranians are conducting a campaign against tankers in the gulf of oman, and potentially spreading further into the straits of hormuz. What does history tell us about the effect that this could have on pricing . Thanks for having me, first of all. Hello. As you said, it is not the first time that we are seeing tensions between iran and the u. S. In the region. We seen iran many times come up with threats that could close the straits of hormuz. I would be very cautious in looking at exec leawood happened yesterday. To seewe are not able exactly what happened in terms of the attack. I wo
That the that by doing this type of attacking, they can have an Economic Impact on other economies around the world and trying to get them to do business with iran despite the administration sanctions. From the administration standpoint, they are looking to s in order toranian bring them to the negotiating table to withdraw the nuclear ambition. Want does the white house or need multilateral support from other countries or is willing to go in alone . Kevin the administration and secretary pompeo has said theyre are not willing to take any option off the table. They also said they would encourage a broader coalition if possible. David changes at the white house. It appears Sarah Sanders will be out at the end of the month. Some people want Kellyanne Conway out as well. What is going on . Kevin they said Kellyanne Conway has violated the hatch act, which makes it illegal for anyone in the west wing to talk openly about politics or political elections while they are serving in office. She
Wednesday, forgive me, before the july 4th break. And the dow, nasdaq and s p 500 all in uncharted territory, still close to record highs despite looking down in the futures. President trumps salute to america speech from last night praising unity and american ideals, freedom and democracy. Thats what this country is all about but dont tell that to the left. They say trump got too political, shouldnt have taken the stage at all on Independence Day. Also, the largest earthquake in 20 years hitting california on july 4th. Buildings shaken, houses burning, highways cracking. But according to reports, no fatalities. We will have a live report for you later in the show. Varney company starting right now. Today we come together as one nation with this very special salute to america. We celebrate our history, our people and the heroes who proudly defend our flag, the brave men and women of the United States military. God bless all those people in the military. That was President Trump at the
Already this week. Are almost at 1300 per coin. Back up to percent since december. Again. Are parabolic we will see how that one turns out. Stocks are down today. They were up after treasury secretary mnuchins comments earlier. The yen is down, and gold is down as well. Not clear in terms of the message we are getting. In theory this should be risk on, but stocks arent quite committing to that. Vonnie lets figure out why. Treasury secretary Steve Mnuchin says the china trade deal is 90 done, with reports that the saturday g20 meeting between xi assumestrump and no new tariffs. Our reporter on trade joins us from london. What do we know about what might happen saturday for sure right now . Reporter i think what we are seeing is some pretty classic positioning by President Trump ahead of his very important talks saturday with the chinese leader. Basically, he is laying out two scenarios. One in which there is a cease fire, with no additional tariffs. Plan b, as he describes, is the next