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Transcripts For CNNW Early 20240704

Criminal indictment looms. And have you seen this video . The violent free for all on the waterfront. Police are expected to reveal more about this Alabama Dock Brawl just hours from now. A lot to get to. Good morning and welcome to our viewers in the u. S. And around the world. Im rahel solomon. People from new york to mississippi are cleaning up after a deadly storm hit the east coast with heavy rain, thunder and raging winds up to 70 miles per hour. The high winds and falling trees smashed buildings and tore the roofs off of some homes. Two young men were killed. A 28 was hit by lightning in a parking lot and in anderson, South Carolina, a 15yearold died when a falling tree hit him and he is got out of his car. Neighbors say the power of the storm at that moment was just breathtaking. The rain was literally sideways. Trees, Limbs Ohitting your trucs and you are driving. One of the worst ive seen. If it wasnt a tornado, it had to be awfully close. I just feel for them. They are wonde

Transcripts for CNN Early Start 20240604 09:45:00

th there is a lot talk about supply and demand. russia taking some barrels off. what is happening? saudi arabia announced that they would cut a million barrels a day of production. they started that in july. they announced last week that they would carry that over through september. so it is really starting to have an impact on global markets and the amount of crude oil supply. right now oil prices are around $81 in the u.s. so i think that $80 to $85 is kind of a sweet spot for producers. sure gas prices have gone up, but we re still 50 cents below where we were this time last year. maybe not quite that much. but we have seen disinflation if you will when it comes to gasoline prices. what about what is ahead? we don t have a lot of time, but what is your forecast. fall coming, a cooler blend. do you see relief? absolutely.

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