Good morning from the studio 57 newsroom at cbs news headquarters here in new york. Good to be with you. Im annemarie green. Well, President Trump says he does not want to go to war following the attacks on saudi arabias oil plant this weekend. Mr. Trump said it looks like iran is to blame. Meanwhile attacks sent oil prices surging. Gas prices here at home are expected to jump 10 to 25 cents. Laura podesta is here in new york. Laura, what is the president saying about all of this . Well, when asked about it yesterday, the president essentially said not to worry, that they havent risen very much so far and the u. S. Has Strategic Oil reserves for situations like were in right now. He said well dip into those reserves if necessary. President trump downplayed the saudi oil attack last night in new mexico. But a few years ago they would have been in a panic. Today weve got a lot of oil, weve got a lot of gas. Earlier at the white house, the commander in chief suggested iran is behind last
These are your markets with a little bit of uncertainty because of a drone attack in saudi arabia over the weekend. Trying to figure out the implications for the middle east and geopolitical tensions. This is what we are seeing in european stocks. Crude oil off the highs we saw the last couple of days where it surged from 17. Press conference from Boris Johnson yesterday, a little bit of weakness when it comes to pound. Watch out for the Supreme Court hearing. We are expecting it couple of days but it starts today on the thingsy of some of the parliament but also the government are trying to do with brexit. Economic nobelhe prize winner coming up at 11 a. M. London time. Lets get the first word news. Vivina in the u. K. Is where we begin. The Supreme Court starts hearing the case against Prime Minister Boris Johnsons suspension of parliament. At the center of the debate is if the decision is a matter for the court. The court may not rule until next week. President trump says the u. S.
Voters went to the polls in snap president ial elections the voters seen as a potential model of peaceful political transition in the north african country. And International Artists celebrate the intrepid german explorer alexander from home what would have been his 250th birthday. Next spicer welcome to the program. There is growing International Concern over an attack on saudi arabias Oil Infrastructure the governor countrys government says drone strikes on the kingdoms largest oil plant and a separate oil field have cut the worlds daily supply of crude by 5 percent who think rebels from yemen have claimed responsibility for the strikes but the u. S. Is blaming iran for the attack further raising tensions between washington and tehran. One of the globes most crucial commodities going up in smoke the result of twin drone strikes at the heart of saudi arabias oil industry state media say the fires that erupted after saturdays attacks were quickly brought under control but Officials Say
Locked and loaded for a response and hong kong protesters say that the government must do more. Lets get started with a quick check of u. S. Futures down. 4 after the saudi arabia drone attacks. , gaining ground by 11 . At one point, jumping 19 , which would be the biggest jump since 1991. That is 68 a barrel level. Gaining ground, seeing the biggest jump in a month. All of this a given that geoPolitical Risks are back again. We have seen oil prices under pressure lately, given the fact we have seen trade negotiations and tensions weighing on the demand. Some ofes paring back the earlier decline after President Trump said he would allow the release of Strategic Petroleum reserves. All of this playing into the market. Lets see how this will impact the open. Lets get over. Severe do we know how severe the damage is to this facility in saudi arabia . Analyst we have been talking to think that almost half of the lost supply could be tomorrow,as early as but in order to have the full supply
In one of the closest Election Races in years Benjamin Netanyahu is fighting to hold onto power. With a salsa and a neon green blouse sean spicer makes his debut in dancing with the stars. Yes, this is life in 2019. Hello and welcome, im Christian Fraser in london and Michelle Fleury is in washington. The Uk Supreme Court has today begun hearing a case that has the potential to reshape the british constitution and charge forever the relationship between a parliament and a Prime Minister. Within a few days the highest court in the land will decide whether borisjohnson was acting within the law when he suspended parliament for five weeks longer than usual. At the heart of the case is the question of who has Greater Authority parliament or the Prime Minister. The 11 judges sitting in the case were told that his act was improper and intended to avoid scrutiny of the government over brexit. But a government lawyer said it was within the Prime Ministers rights and not a question for the cour