Good morning. Welcome to cnn this morning. A fresh start to your weekend. We thank you for starting with us. Im victor blackwell. Im amara walker. Thank you for sharing a part of your morning with us. The fight between Special Counsel and donald trump is heating up. Why theyre calling on the judge to take action after a social media post by the former president. This was crazy in new york city. Look at these pictures. There was some violence but a lot of chaos after a social Media Influencer posted about a give away and now that influencer is facing charges. And simone biles gets ready for a comeback after taking a break from the sport. We will have the latest on tonights competition. We begin with this latenight court filing from Special Counsel jack smith. He is now asking a federal judge to quickly set Disclosure Rules in the January 6th Case against former president donald trump. In the filing smith cited this social media post from trump earlier in the day that reads, if you go af
challenge right now. a lot of debt there. europe has kind of met in terms of its recovery. the u.s. is putting itself on the ugly block. at some point that changes and when that changes, the debt and deficit picture becomes more important at a national level, at an international level in the market. you could see a selloff in treasuries. you could see a debasing of the u.s. dollar and that s something folks that are holding most of their money in dollars should be thinking about. rana, we ll leave it there, thank you. just ahead, ukraine ramps up its attacks at sea. the country targets an oil tanker just days after attacking a russian warship. (dad)) we got our subaru forester wilderness to discover r all of the placs that make us feel something more.
agreement with prosecutors with alleged payoff for stars michael cohen or president trump. greg: an ugly block and then they agree they should not be involved in any kind of criminal activity. if this is found to be criminal, blackmail, then they can be on the hook for that previous behavior. dana: i m not a big fan of jeff bezos but this is a shrewd move he s doing and i ll not only legal rep. two retribution against the inquirer who published the original story but possible legal trouble and public relations trouble. and they were calling him an evil you know what. dana: from a public relations standpoint he diverted the attention away from his surrender story about cheating on his wife and all this other stuff to now the national enquirer, the big bully, look at them and not only that trying to take it further in the latest of the president. gavin, the guy that is running the investigation and has alluded now somehow this is the
these early indications are correct. the dow down 1500 points in just three days. so a big bounce this morning, turn-around tuesday, as they re calling it. very welcome news. but you re still down dramatically from the middle of last week. investors in the dow stocks are down 11% in year. let s pull up that chart to show you the big gains over the last seven years or so. if this market does rise and go up 500 or 600 points, the last time the dow went up 500 points was in november of 2008. november of 2008. that was a long time ago. that s volatility we felt back then. we re feeling similar volatility. very different economy right now. you note that u.s. markets, still the prettiest house on a very sort of ugly block. but how long can they stay pretty if china doesn t get it
the prettiest house on the ugly block. but as the global economy, if you will. i think it s going to be up and down. so hang on, fasten your seat belt. that s good news, if you re looking at your own portfolio or own economy. we ll get to in a second when we talk about gas prices. let s talk about oil. there s been much conversation about the price of a barrel of oil. $55 a gallon, a barrel. that is a sharp decline. why are we seeing that sharp decline? it s all about supply and demand. there s more supply on the global markets right now. but also demand is down in part because china has been in a really sharp slowdown in the last year and china is now the single-largest energy-consumer in the world. when it slows down, the market goes off a cliff. how do we attribute that? we ve been working on fuel economy and fuel efficiency and set new standards and we ve put pressure on our countries, especially china. is that putting a dent in it as well? it s putting a dent. but the chin