but will it last? rebecca babin is a senior energy trader at cibc private wealth. she gave me her predictions. i think the concern right now is really concentrated on the longer shipping time. the market is not pricing in that we actually lose barrels from the market as a result of what is happening in the suez canal. what it is concerned with right now and the reason it has risen 6% is because the shipping costs associated with travelling around the southern tip of africa to reach its destination adds around 15 days of travel time. it increases freight costs. and it has increased insurance costs. that is what the markets are pricing in and looking at at this point. the market has not entered a panic mode, as we have seen in the past with other geopolitical events, where it starts to pricing supply is lost from the market. right now it is a logistical rerouting, what we re seeing, and not kind of that panic and fear that we re going to lose barrels. that obviously can change
around 0.32%. some reprieve, but will it last? rebecca babin is a senior energy trader at cibc private wealth. she gave me her predictions. i think the concern right now is really kind of concentrated on the longer shipping time. the market is not pricing in that we actually lose barrels from the market as a result of what is happening in the suez canal. what it is concerned with right now and the reason it has risen 6% is because the shipping costs associated with travelling around the southern tip of africa to reach its destination adds around 15 days of travel time. it increases freight costs. and it has increased insurance costs. so that is what the market is pricing in and looking at at this point. the market has not entered a panic mode, as we have seen in the past with other geopolitical events, where it starts to price in supply is lost from the market. right now it is a logistical rerouting, what we re seeing, and not kind of that panic and fear that we re going t
nearly 1300 points. you can see it right here in the corner as you celebrated quite a contrast. scathing inflation report and the labor department revealing consumer price index rose 8.3 fears in august from a month ago. americans didn t need those numbers to know how bad things really are. food prices have seen their highest increase more than 40 years and cost of eggs, milk, and other basic staples are all going through the roof. it appears democrats are out of touch with americans. here s nancy pelosi yesterday asking for a round of applause. mr. president, thank you for unifying and inspiring a vision of a stronger, fairer, writer and future. your leadership made this glory yous day possible. that s an applause line. emily: cringe, there appears to be a downer that attended the party and here s the media reaction. harris: you re listening to president biden at the white house and celebrating the passage of inflation reduction act and fighting big pharma for decades
The experiences of World Wars 1 and 2 have taught leaders the great lesson of not starting wars on many fronts with potential forces, as winning or sustaining such wars could be either disastrous or costly.