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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 and looking at this point. the market has not entered a panic mode, as we ve 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 re routing, what we are seeing, and not kind of that panic and fear that we are going to lose barrels. that obviously can change very rapidly, and we have seen that obviously can change very rapidly. the venezuelan president ....
so what happens to the $146 million he was ordered to pay in the defamation case against georgia election workers. we ll dig deeper coming up. plus, the supreme court face ing a nearly unprecedented test of its integrity and reputation. the political and legal challenges posed by the colorado case and others now piling up on the justices doorstep. can the court and the country emerge unscathed? and the terrifying images out of prague where a mass shooting has left 15 people dead, two dozen hurt. students climbing out onto a fourth story ledge of a university building as they try to escape the gunman. a lot going on just in the last couple of hours. we begin with that breaking news. rudy giuliani filing for chapter 11 bankruptcy in new york. he s listing debts up to $500 million, assets up to 10 million. this comes one day after a federal judge ruled giuliani has to immediately pay that $148 million that he owes to two former georgia election workers. nbc s ken dila ....
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 g ....
about election lies, plus the deadline fast approaching for abortion pills in america? will the supreme court step in in the hours ahead and just minutes from now ceremonies begin to mark 80 years since the warsaw ghetto uprising against germany. welcome to our viewers in the united states and around the world this wednesday morning. i m christine romans. we begin with fox news, settling the huge lawsuit. dominion voting systems filed against it at the very last second before trial was set to start in delaware. the $787 million settlement is by far the largest publicly disclosed media defamation settlement in u. s history is nearly 4.5 times what abc news paid back in 2017 to a meat processor in the so called pink slime case. the settlement does not require fox to apologize, correct or retract the many falsehoods and lies that broadcast about dominion. but dominions lawyers say their clients have been traumatized by the experience and the money in court rulings in their ....
bret: but, first, breaking news tonight. the chairman of the house intelligence committee is describing president biden as a, quote: serial classified document hoarder. that comment from congressman mike turner comes after the fbi seized additional classified documents from the president s delaware home. turmoil over this scandal comments as white house chief of staff john kayleigh mcenany prepares to leave his job at the president s side. a big change in the white house now under peter doocy joins us. we learned tonight when the houses they are fully cooperating they mean with the doj because the white house coucounsel written back to james comer the oversight committee chairman saying they will work to accommodate legitimate oversight interest. they do not say they will work to accommodate all oversight interest. and that s as comer is also hoping for a response from the secret service about biden visitor information. the fbi was invited into the president s h ....