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 nicola
american experiment. that s also why democrats, particularly the president, need to be more focused on persuasion, rather than just condemnation. naming the problem we face is important, but it is not sufficient. why you can t reason people out of something they weren t reasoned into, you can appeal to shared values and you can honor the republicans who protected the peaceful transfer of power. but the big picture is what we really need to keep in mind. defending democracy is a top concern for americans across party lines and we need to channel that in a constructive way, without falling into false equivalency and we can do that by staying true to the facts and applying principles without regard to partisanship. while also appealing to a set a spirit of patriotic grace. and that s your reality check. new day continues right now. an emotional back to school day in uvalde, texas. good morning, everyone. i m john berman with brianna keilar. the return to class has been a sou
that helps protect you at hit s as if.eu feel s, i don t know. evander holyfield has your back. i wouldn t click on that. hey, thanks! we got a muffin for ed! all right! you don t need those calories. can we at least split it? nope. advanced security that helps protect your devices in and out of the home. i mean, can i have a bite? only from xfinity. nah. unbeatable internet. made to do anything so you can do anything. brand new hour of cnn newsroom. i m victor blackwell. good to have you and we start this hour with the high stakes to do list for congress. senators returning to capitol hill today after the august recess. the january 6th committee is weighing more hearings, midterm elections are nine weeks away, and unless they pass a spending bill in the next few weeks, the federal government will run out of money. let s go to cnn chief congressional correspondent, manu raju. let s start with the spending bill, and democrats are considering adding something to it. reporter:
well, tonight, three officers face punishment for the death of candidate kyle mullen during hell week. cbs david martin speaks to the mother of the yale football player. and, a warning for parents. tonight, the respiratory illness on the rise in children. cbs nikole killion talks to parents and doctors. this is the cbs evening news with norah o donnell, reporting from the nation s capital. o donnell: good evening to our viewers in the west and thank you for joining us. we want to begin with the breaking news in what is the largest defamation suit payout ever in american history. the landmark verdict awarded the families of those killed in the sandy hook massacre parents who lost their young children, and then faced a decade of torment a small sliver of justice. a connecticut jury ordered far- right infowars host alex jones to pay nearly $1 billion in damages for spreading lies about the elementary school shooting. the 2012 massacre in newtown, connecticut, killed 20
closely. well, tonight, three officers face punishment for the death of candidate kyle mullen during hell week. cbs david martin speaks to the mother of the yale football player. and a warning for parents. tonight, the respiratory illness on the rise in children. cbs nikole killion talks to parents and doctors. this is the cbs evening news with norah o donnell, reporting from the nation s capital. o donnell: good evening, and thank you for joining us. and we want to begin with the breaking news in what is the largest defamation suit payout ever in american history. the landmark verdict awarded the families of those killed in the sandy hook massacre, parents who lost their young children and then faced a decade of. far-right info wars host alex jones to pay nearly $1 billion in damages for spreading lies about the elementary school shooting. the 2012 massacre in newtown, connecticut,killed 20 children elementary schl shng ineadlies our nation so how listeners it was st