His resignation. This is two hours. Good morning. The committee will come to order. We are here to consider the nomination of Dan Brouillette. I am one who believes that you have done an excellent job as secondincommand to secretary perry. We welcome you back to the committee. It is good to have discussion with you. I want to thank you for all you have done at the department. For your willingness to serve at this point. And to step up in this new and higher capacity. We have our colleagues here today this morning to introduce the deputy area secretary. Texas and louisiana are well represented. Feel very welcome here. By having these gentlemen the two you. We will start with senator cassidy. Followed by senator cruz and senator kennedy. To introduce the deputy area secretary this morning. We do have a full complement here this morning. We welcome all of the good comments. What a wonderful way to tell me to be brief. He is eminently qualified. The United States leads the world in all kin
So we welcome you back to the committee. Its good to have discussion with you last week. I want to thank you really want to thank you for all youve done at the department, for your willingness to serve to this point, and for your willingness to step up in this new and higher capacity. Weve got our colleagues here this morning to introduce the deputy secretary, both texas and louisiana are well represented. Mr. Deputy secretary, you should feel very welcome by having these gentlemen next to you. So we will start with senator cassidy up here at the dais followed by senators cruz and kennedy to introduce the deputy secretary this morning. So senator cassidy, if you would like to proceed. We do have a full complement here this morning and a full house behind you. Hopefully the introductions do not consume our full morning, but we certainly welcome all the good comments. So senator cassidy. Madam chair, what a wonderful way to tell me to be brief. But its a privilege to represent my fellow
Yield actually lower. Still seeing a bid in the long end, but nothing dramatic appeared to what you wouldve thought when headlines broke saturday. Lets get the update here. Time now for global exchange, where we bring you the market moving news from around the world. Joining us from riyadh is yousef , and Michael Mckee here in new york. We begin in saudi arabia, where aramco tells customers certain deliveries will be delayed, especially in october. Yusuf, give us the latest yousef, give us the latest. Yousef we are waiting for a Firm Response from the saudi government. The Foreign Ministry made it clear that they are going to treat this aggressively. They will defend the land, and we expect a press conference from the Energy Ministry as well to outline the day in a bit more detail the exact damage to the infrastructure. Bloomberg even understands a tour of some of that damage could be in the offing, but at the moment, saudi aramco scrambling a little bit to get those oil barrels to the
Big meeting happening on octobe. Futures this morning pointing to a sapointing ahigher opening. This is the phi fall da final de Third Quarter. Well tell you how markets did this quarter. Forever 21 filed for bankruptcy protection and is Closing Stores across the world. Macys closing down an iconic store as well. The state of the industry later this hour. Mornings with maria begins right now. Lets get it started. Lets get it started in here. Lets get it started. Lets get it started in here. Lets he get i get it started. Maria weve got a packed show this morning. Joining the conversation, dagen mcdowell, National Security corporation chief market vast strategist art hogan and lee carter. How do you like the refresh . Dagen i love it. I love the website. I love what were doing there. And its just fresh and fresh and fresh. Maria its a big refresh. Dagen i was paying close attention this morning. Its so easy to look at the screen and know whats going on. Maria weve got the headlines in cl
Worlds biggest processing station in saudi arabia which will be affecting a crude oil supply. President trump announcing a few moments ago he will allow release from the strategic result Petroleum Reserve to stabilize oil prices. Shery look at brent crude prices, surging above 70 a barrel. We are seeing a surge of 19 at the moment. We have seen brent and wti being pressured in the last week as we continue to see this demand going up, really clear given the ongoing trade war, print has fallen rent had fallen last week really clear given the ongoing trade war. Fallen last week. It is up 19 at the moment. Look at brent prices. We have seen huge moves when it came to prices of oil, given the ongoing tensions when it comes to the u. S. China and macro narratives as well, not to mention these are International Energy agencys warning of it agencies warning of a surplus of crude. Down 16 . Crude prices are up 12 . 61 aice of wti above barrel, around the 62 a barrel. When it comes to wti, we co