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
And fired some 180 ballistic Cruise Missiles at israel last night. Revenge, it says, the strikes on lebanon. And israels killing of leaders of armed groups it supports. Translation iii armed groups it supports. Translation armed groups it supports. Translation if they remove their evil from Translation If they remove their evil from this Translation If they remove their evil from this region, their evil from this region, without a doubt these conflicts, these walls, these clashes will disappear completely. Clashes will disappear completely. Clashes will disappear comletel. ~ , completely. While most missiles were brought completely. While most missiles were brought down completely. While most missiles were brought down by completely. While most missiles were brought down by israels i were brought down by israels sophisticated air defence system, the entire population was told to stay in bomb shelters. AfterWards, inspecting the damage, many agreed with the Prime Minister that iran must
Im nowjoined by our North America Business correspondent ritika gupta. What is it that markets make of what they are saying . They are nervous because they dont know whats going to happen next. Yes. The mood of nervousness. Little change now but losses off the back of those Middle East tensions. There is a dent to risk appetite. Markets dont like Uncertainty And Risk now is can this respondent is this going to blow into wider war. One of the sectors that is bucking the trend and going higher Todays Energy stocks and that is off the back of oil as you mentioned. It was up as much as 3 today and continuing again from yesterday over Supply Disruption concerns. Yesterday we saw some of those Safe Haven assets like gold, we are seeing some of Varese Today but i still think overall there is this wait and see mode and a very risk of town. Is this Waitandsee Mode and a very risk of town. Very risk of town. There is one thing they very risk of town. There is one thing they are very risk of town
All right, dana. Thank you. Good evening. Im Bret Baier coming to from you Fox News Headquarters in New York tonight. The Vice President ial nominees return to the Campaign Trail after last Nights Debate as president Joe Biden and Vice President Kamala Harris Head to states impacted by Hurricane Helene. It comes as another crisis could soon take hold fully with dozens of Container Ships backed up at ports across the country just two days into a workers strike. Bret but, first, breaking tonight, a lengthy Court Filing from special Counsel Jack Smith. Detailing arguments that former President Donald Trump illegally dried to overturn the 2020 election. That has been made public tonight. Just 34 days before Voters Head to the polls in this election. Prosecutors laid out a sweeping account of President Trumps conduct after the 2020 results were announced. Making the case that he is not immune from federal prosecution despite a u. S. Supreme Court Ruling on official acts. The former presiden
Military capability and the u. S. Military. Its also a testament to the tensive planning between the united states and israel to anticipate and defend against the attack we expected. Make no mistake the united states is fully, fully supportive of israel. That was president Joe Biden addressing a major escalation in the Middle East, irans ballistic Missile Attack on israel. Well bring you the very latest on that developing story in just a moment. And well go through the big moments of last Nights Vice President ial debate, which could be the final matchup between the campaigns before Election Day. And well Haven Update on recovery efforts across the southeast as President Biden prepares to get a firsthand Look Today at some of the devastation. Good Morning And Welcome to Way Too Early on this wednesday, october 2nd. Im jonathan lemire. Thanks for starting your day with us, and we have an extraordinarily busy show for you this morning. And well begin with the latest developments out of t