Bonanza for Chatg Pt Maker openai it takes in new funding, making it one of the most valuable Start Ups in The World. Will he or wont he show up that is Elon Musk is due to testify to the us Markets Watchdog over his Twitter Buyout after a no show last month. Welcome to business today, im ben thompson. We start in the Middle East where, as weve been reporting, President Biden has said the us does not support an attack by israel on irans nuclear sites in response to tehran s missile strikes on israel on tuesday. The us president said the israelis had a right to respond to the attack, but they needed to do so proportionately. In the latest fighting, israel has bombed a building in central beirut. Oil prices have risen since wednesday over supply fears, with markets regaining ground as investors seemingly come to terms with the escalation. Lets have a quick look at the price of oil. This is the one to keep an eye on, Brent Crude up another 2 today taking it above 75 per barrel. For more o
Senior Investment Strategist at Edward Jones here in new york. Were seeing a dent in risk appetite. The market is grappling with a variety of worries tensions in the Middle East, a Port Strike and election uncertainty. Do you expect to see volatility . Are there any opportunities . Yes, it is great to be here, and we are moving nicely thus far this year and we are moving nicely thus farthis year in and we are moving nicely thus far this year in the snp 500, up far this year in the snp 500, up nearly 20 . As you noted, youre heading into a choppy October Period and facing mounting walls of worry in the market, including the upcoming election on November The 5th and the ongoing Port Strike on the Eastern Seaboard as well as growing escalations and tensions in the Middle East. We say investors in markets should prepare for bouts of volatility ahead of a 20 rally also, that is a natural next step in terms of what might happen in markets. We are probably due for a period of pull back, but w
In terms of iran and the risk to exports directly out of iran, thats about 1. 7, 1. 8 million barrelS Per day. And obviously those, the Export Facilities in iran, are those probably at greatest risk in the aftermath of what happened on tuesday night. But i think, you know, weve had a muted reaction, partly because markets are still focussed on a comparatively weak chinese economy and expectations that the Oil Market more broadly next year is looking like it may head into surplus. So, you know, very much mixed messages at the moment coming out of the crude market. Lets go straight to New York and get the latest from our correspondent there, ritika gupta. We saw there prior to starting to rise once again, particularly off the back of those comments by president biden. Explain what he said. We are seeing biden. Explain what he said. Are seeing Oil Prices spiking after the back of president biden s comments, saying they are considering the possibility of israel launching a counterattack on
White house pressured the platform to Censor Americans and he says he regrets caving to those demands. Good morning im dana perino. Bill is off today. Good morning, bret. Good to see you. Bret im bret baier and this is americas newsroom. Zuckerberg making that admission in a letter to chairman jim jordan saying the white house pushed facebook to take down posts that included Covid Misinformation even ones defined as humor or satire. Dana when meta denied one of those requests the administration grew frustrated. Back in 2020 when jen psaki was the Press Secretary and said facebook needed to be stronger on policing content. Has facebook been as proactive as the white house would like in terms of its response . I think as i noted yesterday, phil, there is more there are more steps that everyone can take. Facebook responded yesterday after the Press Briefing saying that they removed 18 million pieces of Covid Misinformation. So does the white house find that sufficient . Clearly not becaus
Also ahead, delay, delay, delay, donald trump looking to push his federal Election Interference trial to 2026 like more than two years from now. Can he stall his way out of legal jeopardy . And the clock is ticking down in georgia, the new Security Measures there with just a week left for the former president and allies to surrender. Happy friday, its great to be with you, it is 10 00 eastern, im Ana Cabrera Reporting from new york, and this among Hurricane Hilary is a cat 4 and barrelling towards Southern California. The National Weather Service Warning hilary could bring significant impacts to the southwest this weekend and into early next week. Now, this morning weve learned parts of Joshua Tree National park will shut down in anticipation of extreme flooding. Park officials telling the public to, quote, reconsider outdoor activities. If it makes landfall in california as a tropical system, that will be very rare. Its only happened one other time this past century. Lets get right to