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
An unsealed grand Jury Indictment just now accusing the Music Mogul of abusing, threatening and coercing women to fulfill his sexual desires as part of an alleged criminal enterprise, including Sex Trafficking and kidnapping. We will have reaction from our legal experts in a few moments. We are committed to bringing justice to everyone who has been victimized by the defendant. I cant tell you why it took so long. I think the better focus is on the fact that we are here today. New Online Comments from former President Trump about the apparent attempt on his life over the weekend in florida. The latest on the investigation, the suspect and the Trump Campaigns effort, without any evidence, to blame democrats for the alleged attempt, including these comments from Running Mate j. D. Vance. You know the big difference between conservatives and liberals is that we no one has tried to kill Kamala Harris in the last couple of months and two people have tried to kill Donald Trump in the last cou
President of the united states, Joe Biden, Hunter Biden, as we just saw moments ago live with Bill And Dana back in Court Today for his second trial this year. Jury selection in his federal Tax Trial begins about an hour from now. The jury will decide if Hunter Biden is on the hook for allegedly failing to pay more than 1 Million in federal taxes, all while he spent a Boat Load of cash on extravagant lifestyle. You are in the faulkner focus. The unsavory details of Joe Bidens son and his behavior are set to be a Focal Point of this trial just like they were during his federal Gun Case back in june. Hunter biden is facing nine counts of tax fraud, three of them are felonies. The maximum Prison Sentence for him would be 17 years. Opening statements are expected to begin on monday. Former federal prosecutor and drew says buckle up. The first trial of Hunter Biden was salacious in your mind. The second one will knock your socks off, i think. I think its a tall task for the defense to estab