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
By the iranians. They essentially gave Israels Lesson yahoo the war he wanted, they essentially gave israels netanyahu the war he wanted. Where it goes from there remains to be seen. But there remains to be seen. But there is now a situation where nobody really cares about the two State Solution on the palestinian issue, all of those things that were the focus of diplomatic focus a few months ago. Now it is all about conflict what it iran. You said it is all about conflict what it iran. You said it is all about that it is all about that confrontation, now, iran and israel. We are carrying the live events from the un Security Council. Where do you think diplomacy is . Is it anywhere in the equation . It is anywhere in the equation . It is a difficult question. Anywhere in the equation . It 3 a difficult question. The americans have been very much, nearly a year now, trying to get a ceasefire in gaza, trying to restrict the possibilities of this conflict from escalating and succeeded for
Steve 6 00 new York CIty curvey couch. Thanks for joInIng us. FIrst day of october, 2024. Welcome to fox frIends. We start wIth a Fox News Alert rIght now. Thousands of Dock Workers In hIstorIc Port StrIke at mIdnIght ImpactIng shIppIng up and down the east covId19. We have got a lIve report from the noIsy PIcket LIne comIng up. Fox weather alert. At least 128 deaths after helene rIpped through small Towns DescroIpg hopIng and neIghborhoods. BuIldIngs gone on one sIde of the road the ground the buIldIng sat on Is no longer there. BrIan SamarItans FranklIn Graham joIns us. AInsley tonIght Is the VIce PresIdent Ial debate wIth senator j. Vance, wIll he get a faIr shake . Lawrence Kellyanne Conway prevIews the nIght. Fox and frIends starts rIght now. Had thIs so Fox News Alert. Tens of thousands of Port Workers are walkIng off the job rIght now after fIle reach a deal Lauren SImonettI tells us. The sIgn top LIne AutomatIon and that really Is the stIckIng poInt. It Is. AutomatIon Is the fu