Attacks by hamas gunmen took place. More than 300 young people attending the festival were killed others were taken hostage. It has been called israels 9 11 by some, and like the attack on the world trade center, its had massive repercussions around the world in both politics and economics. Michelle fleury has more on the global impact one year on. The middle East Conflict could add to the risks already facing the global economy. The escalation comes at a time of uncertainty around the upcoming us election and as china tries to stabilise its struggling economy. Economists warn the war could push up inflation if Trade Routes are disrupted, causing the cost of Oil And Shipping to rise. A big concern is whether any escalation could block the strait of hormuz, a major shipping channel. A third of Oil Tanker Traffic and one fifth of lng frozen gas passes through there. The Oil Markets are already reacting. The price of Brent Crude jumped 5 last thursday after President Biden said the us was
Im nowjoined by our North America Business correspondent ritika gupta. What is it that markets make of what they are saying . They are nervous because they dont know whats going to happen next. Yes. The mood of nervousness. Little change now but losses off the back of those Middle East tensions. There is a dent to risk appetite. Markets dont like Uncertainty And Risk now is can this respondent is this going to blow into wider war. One of the sectors that is bucking the trend and going higher Todays Energy stocks and that is off the back of oil as you mentioned. It was up as much as 3 today and continuing again from yesterday over Supply Disruption concerns. Yesterday we saw some of those Safe Haven assets like gold, we are seeing some of Varese Today but i still think overall there is this wait and see mode and a very risk of town. Is this Waitandsee Mode and a very risk of town. Very risk of town. There is one thing they very risk of town. There is one thing they are very risk of town
Time hour of fox Friends Weekend a. Fox news alert, prosecutor nathan wade resigns from the Trump Georgia Case So Da Fani Willis can continue in the embattled Da Slamming Unjustified attacks from the media. Rachel plus, in massachusetts the governor said shes appalled by this haitian immigrants charge with rape ago disabled 15yearold girl and says this its a horrible situation. It is unfortunate that from time to time things will happen. Will and a live look at st. Patricks cathedral where were going to catch up with the fighting 69 before they leave todays parade. The second hour of fox Friends Weekend starts right now. [ Bag Pipes Playing ]. Rachel good morning, everybody. Its 7 00 a. M. And youre listening to the Suffolk County Police Emerald society pipe and drums playing for us. How appropriate this morning on the eve of st. Patricks day. We were just out there, its a great crew. Will right ahead of the st. Patricks day parade. Pete long day ahead of them. I bet they have a couple
approve or endorse bitcoin. he said investors should remain cautious about the risks associated with bitcoin and says the currency is primarily a speculative asset. a false tweet was posted on the sec s official x account the day before, saying it was approved. the sec said its social media account was compromised and an investigation is ongoing. let s stay in the us and head over to las vegas where the consumer electronic show is now under way it is the biggest consumer tech show in the world. our north american technology reporterjames clayton has been trying out some of the latest products. there is a lot of weird tech at ces. take this hyundai prototype car that crab like moves sideways into parking spaces. or drone soccer, where the goal is to fly a drone through a doughnut shaped goal, which is harder than it looks. now, start using the left stick and start moving. 0h! as you can tell, it takes a bit of practice to fly. how would you rate that out of ten? that was
shares today we did not improve or endorse bitcoin. he said investors should remain cautious about the associated with bitcoin and says the currency is quote primarily a speculative asset a false tweet was posted on the sec s official eggs account the day before saying it was approved. the sec said as social media account was compromised an investigation is ongoing. let s stay in the united states and head over to las vegas where the consumer electronic show is now under way. the biggest consumer tech show in the world. our north american technology reporter has been trying out some of the latest product. there is a lot of weird tech at ces. take this aeon day prototype card that clap like move sideways into parking spaces. or drone soccer, where the goal is to fly a drone through a doughnut shaped goal, which is harder thanit shaped goal, which is harder than it looks. now, start using the left stick and start moving. oh! as you can tell it takes a bit of practice to fly. h