Oil Prices Surge and stocks tumble as barrage of missiles in the Middle East prompts supply fears in a region that accounts for a third of global oil production. Us Trade Paralysis dockworkers threaten to continue striking for as long as necessary with ports along the East And Gulf coasts remaining shut for a second day. Also on the programme, could technology bring extinct species back to life . We speak to the boss of a De Extinction Company hoping to resurrect the Woolly Mammoth. Live from london, this is business today. Lets start with the Middle East, where, as weve been reporting, israel has warned of grave consequences after iran launched a barrage of missiles at targets across the country on tuesday. Oil prices have been surging as traders fear a full scale regional war could disrupt Energy Supplies to the global market. Brent crude rose as much as 5 to 75. 40 a barrel in intraday trading. Lets Take A Look at the latest Oil Price now. Up up1. 36 , up 1. 36 , 74 up1. 36 , 74 and
September. How do you expect that to feed through into InflatIon ExpectatIons and impact the us economy . I think riaht now impact the us economy . I think right now the impact the us economy . I think right now the focus impact the us economy . I think right now the focus is right now the focus is definitely on crude oil. A lot of people are drawing comparisons to what happened when the war in ukraine started. When you take a Look Oil surged Io . With this incident it surged 5 in some of that is because we have us productIon at record highs. Opec was undecided over increasing productIon. This is a moment where investors are trying to get a sense of how are the actual supply disruptIons going to unfold in the coming weeks and months. Right now the market was pretty content that this inflatIon and that trend was going to remain and now they are scratching their heads to see will this be a big shock to inflatIon. In additIon to this Oil Surge we have a Dock Worker Strike which could also
Is that the great bill helping the middle class . Absolutely not. Dagen the house will vote on the bill later today, likely sending it to the president side or derisive procedurals not that his force the second vote. The snag over in the senate. Following the passage in the Senate Current futures are showing this happening in the markets. Slight pullback in the dow up 37 points. We are seeing possibly new alltime highs for all your major market gauges. Either way, you have highs on the transports earlier in the week. Literally every Single Market in the u. S. Has been moving in sync on the optimism from the tax reform package. Check in on england, france and germany, all the slave markets down two tenths of a percent. Asia overnight stocks mostly lower as well. The nikkei in japan up ever so slightly. I suspect in america the terror Group Warning of the new years eve attack as new York Governor Andrew Cuomo announces heightened security measures for the holidays. Uber dull people in eu
Even with temperatures here in the 80s the wind is definitely here and a nice change up from all the heat. Afternoon highs will top out in the mid and upper 90s to start off our next workweek. However, the winds will pick up on tuesday as another system passes mostly to our north. A lot of money and a shiny new facility are headed to after the largest monetary gift. In the u nlv Athletic Department history. Is made today. The fertitta family has pledged. 10 Million Dollars. Towards a new practice facility. For the rebels Bryan Callahan is live. Where it is set to be built. With the details. Bryan. The 10 million donation will be used for the new two story Training Facility being built here on the team Current Practice facility. When completed. The 26 million fertitta football complex will has locker rooms, strength and condition and other necessities. As well as a player lounge. Nutrition bar and even a barber shop. The ten Million Dollar gift is departments history. And Department Lea
Hillary clintons book what happened came out today. I heard its almost 500 pages long. Unfortunately the only person with enough time to read it is Hillary Clinton. [laughter] taking my time on my ride. Brian yeah, taking your time. Thats exactly what Hillary Clinton did. She showed up an hour late for her own book signing. Steve in the heat. Brian how can you be late for your first book signing. Steve do you know what she said when people got there what happened . Brian thats true. I didnt know it was 500 pages. Steve its very long. Ainsley she has a lot to say. A lot of people to blame. Steve thank you very much for joining us on this very busy wednesday. Of course, on this wednesday, we are looking back at the destruction over the last week. Brian right. And it starts now with florida. Hurricane irma leaving 12 people dead. Millions without power. And nearly 100,000 people in shelters across florida. Steve tomorrow President Trump will get a firsthand look at the devastation in the