Blake burman with the latest from the white house. Lauren simonetti is watching the markets. Edward lawrence in washington. Lets kick it off with lauren. Lauren hey, guys, two days of severe loss on wall street. Dow, nasdaq, s p 500 closing near the lows of the session. The past two days, during that time, the Dow Jones Industrial average has given up 1200 points. Nasdaq gave up 400 points last two days. If you look at s p sectors, communication services, technology, were worth performing Services Apple shares down three today. Believe it or not, and go figure that energy was the bestperforming sector although it was still negative. Let me show you the price of oil because as oil fell, so too did stock prices overall. Youre looking at may contract which expired. It closed at 10. Look at the june contract, 13. July, not much higher. Were seeing oil prices even in the future, all trading in tandem to the downside. The worry is is that demand is contracting charles lauren, well stop you r
So i welcome you this morning, thank you all for coming, my name is dane kennedy. Im the director of the National History center. Which is sponsoring this briefing. It is on the geo politics of middle east oil, Historical Perspectives on the current crisis. I want to just briefly explain what we are doing here and why were doing it. This is part of an ongoing series sponsored by the center that brings Historical Perspectives to current issues. The center itself is strictly nonpartisan. The purpose of the program is not to advocate for any particular policies, but in fact to provide sort of Historical Context to help inform policy makers and the public as they deal with difficult issues. I want to thank or acknowledge the Financial Support of the mellon foundation, which makes this briefing series possible. I want to thank rachel wheatly in the back of the room who is our assistant director and has helped to organize this. I want to thank the office of jerry connelly. Which has booked t
What we are doing here and why were doing it. This is part of an ongoing series sponsored by the center that brings Historical Perspectives to current issues. The center itself is strictly nonpartisan. The purpose of the program is not to advocate for any particular policies, but in fact to provide sort of Historical Context to help inform policy makers and the public as they deal with difficult issues. I want to thank or acknowledge the Financial Support of the mellon foundation, which makes this briefing series possible. I want to thank rachel wheatly in the back of the room who is our assistant director and has helped to organize this. I want to thank the office of jerry connelly. I also want to alert you to the fact you have index cards on your chairs. This is for questions. As the presenters are speaking, feel free to jot down questions. Well collect them. Theyll give formal remarks in the first half hour and the second half hour will be devoted to q a. Well go from there. Thank y
Hes got so much energy, how does he do it, you know . I mean, hes shaking hands, taking selfies, saying mass, different languages no, he really was he inspired so many people while he was here. Hes home now. All right, so the president ial campaign, carly fiorina, look at what happened to her. Just missed her, by the way. Curtain came down crashing on her. It just missed her. Seemed like it fell all around her. Right. Shes okay. Anyway, a snafu from the campaign be trail. By the way, anybody see the, what do you call it, the eclipse last night . A little bit of it. Was it decent . I just saw before it eclipsed. In other words, you missed it. [laughter] hey, im not going to miss the Powerball Jackpot. Its at 300 million right now. Thats tomorrow no, wednesday i realize one statistics that said Something Like 52 of people think theyre going to win the lottery someday. Somebody has to win it, greg. I understand, but it aint gonna be us. The odds are really against you in a huge way. Oh, y
So why does this all matter so much . Well, because just three weeks ago, the president said he knew nothing about the payment. Did you know about the 130,000 payment to Stormy Daniels . Then why did Michael Cohen make it if there was no truth to the allegation . You have to ask Michael Cohen. Michael is my attorney. And youll have to ask michael. Do you know where he got the money . For that payment . No, i dont know. And the contradictions dont end there. Just this morning, the white house says now it cannot talk about basically any of it because it deals with ongoing litigation. Mayor giuliani is part of the president s legal team, hes got visibility and insight into this issue, he has spoken about this at length both last night and this morning. I would refer you back to his comments, particularly given the fact this is ongoing litigation. It is something we at the white house cant comment on and i would refer you both to his comments as well as the president s tweets from earlier