and rh raising guidance. the next test for the tech ipo market today. as we said, oil prices are the one to watch after two oil tankers were the targets of a reported attack. the navy says it is aware of the incident and is assisting the two ships. the exact circumstances are unclear, but it could ratchet up tensions between iran and the united states. jim, 20% of global consumption goes through these are straits. that area could get much hotter. second, how little we actually oil is up a little bit. remember, it was down 170 yesterday. i had the privilege of interviewing the dean of the the founder of pioneer. he said we will have a flare up in that area. and it s not going to matter. i said when. he goes now. we are pumping so much oil. do i take it off my screen what happens there? he said yeah. i said that s not possible. he said we are 13 million. we are going to 17 million. anybody who needs oil, we are now the swing producer. here we are. maybe oil should be up m
commission going into closed session? i see none. we will close public comments. we will call item 3a first. wait. before we go into closed session. we need to take a vote for attorney-client privilege. thank you very much. there s a motion. do we have a second? second. motion by commissioner heldfond. second by chu. can we take this without objection? great. we are invoking attorney-client privilege. we re going to be going into item 3a. we would ask that all persons who are non-legal counsel to exit we re coming out of closed session. there s going to be two parts. there will be a motion to disclose under 3a and motion to not disclose under 3b. procedural otherly, we need to a vote and then we would disclose whatever we re going to disclose under 3a. is that correct? you can take the vote and agree that except for 3a, you re been going to disclose. can i call for a motion to disclose except for 3a, in which case it would be the recommendation passed by the board
we ll take public comment r there any members of the public that would like to address the commission going into closed session? i see none. we will close public comments. we will call item 3a first. wait. before we go into closed session. we need to take a vote for attorney-client privilege. thank you very much. there s a motion. do we have a second? second. motion by commissioner heldfond. second by chu. can we take this without objection? great. we are invoking attorney-client privilege. we re going to be going into item 3a. we would ask that all persons who are non-legal counsel to exit we re coming out of closed session. there s going to be two parts. there will be a motion to disclose under 3a and motion to not disclose under 3b. procedural otherly, we need to a vote and then we would disclose whatever we re going to disclose under 3a. is that correct? you can take the vote and agree that except for 3a, you re been going to disclose. can i call for a motio
we ll take public comment r there any members of the public that would like to address the commission going into closed session? i see none. we will close public comments. we will call item 3a first. wait. before we go into closed session. we need to take a vote for attorney-client privilege. thank you very much. there s a motion. do we have a second? second. motion by commissioner heldfond. second by chu. can we take this without objection? great. we are invoking attorney-client privilege. we re going to be going into item 3a. we would ask that all persons who are non-legal counsel to exit we re coming out of closed session. there s going to be two parts. there will be a motion to disclose under 3a and motion to not disclose under 3b. procedural otherly, we need to a vote and then we would disclose whatever we re going to disclose under 3a. is that correct? you can take the vote and agree that except for 3a, you re been going to disclose. can i call for a motio
look at the biggest laggards within the chip stocks. every sector, every chip stock within the stock is lower today. also looking at amd, down 5%. nvidia down close to 5%. analog devices, texas instruments off 4%. nvidia, china is the biggest revenue driver and in amd, 80% of its sales are international. ,ou can see a chart on gtv global losses, the losses for stocks globally. you can see the death the depth of the red bar. the worst week for global stocks since december, wiping up $2.3 trillion last week. abouty, i want to talk apple because we are seeing apple down more than 5%. it is the biggest weight on the s&p 500 and the nasdaq. if you look at the dow, only boeing is a bigger laggard there. apple and its suppliers getting crushed on this trade news. morgan stanley saying the current round of tariffs could increase the cost of an iphone by $160. that is if apple passes on the costs to its customers. news out of the supreme court. with ars can press ahead lawsuit that