Morning. Education secretary rick perry calling it a deliberate attack on the Global Economy. Plus oxycontin maker, pharma filing for bankruptcy this morning. First up, though, a series of attacks on two of the Worlds Largest Oil Facilities in the news the u. S. Is rejecting that notion saying the scope and the precision of the attack suggests the launch was made by the houthis but, in fact, originated by iran. Iran calling the claims baseless and unacceptable guys, weve been talking all year long about what it could take to produce a true supply shock. I think theyll come back 5. 7 Million Barrels. Look theres a temporary inability to get permian oil. You can only ship so much. You have one harbor who can handle it, two others. Corpus christi not yet i guess what im saying it cant. Were pumping too much and it does remind you if we had even more pipelines, we could just turn the spigot on its not the Strategic Petroleum reserve. Its the permian. There are a lot of key questions. One,
President mike pence mark short is with us this morning on iran, and as well the strength of the u. S. Economy today to really sock up who is needed fox news senior tszuj Andrew Napolitano weighing in on Brett Kavanaugh with a big three hours coming up and top story this hour is that attack. On Oil Production facilities in saudi arabia. The twin drone strike on saturday sending oil prices soaring intensifying middle east tensions, rebels claim responsibility for this. The u. S. Is rereleasing satellite foe e toes photos it is showing the impact it says came from the north and the northwest implying that tehran was more likely really the perpetrator here iran behind these attacks iran meanwhile deny any involvement. I spoke with michigan congresswoman and former cia analyst alyssa to sunday morning futures about it, yesterday. You are an expert in this field you did three tours in iraq yourself. What is reaction to what took place in saudi arabia . Ive seen the playbook before and iran
Commute has been slow. Not only on this freeway but on 880, on city streets, on 580. Well have a report coming up wi ristina. Happy monday. When did you get the sense everyone was back to work, we had the rain, it was a big were back at it now . By 4 30, at first there was no 1 on the road. This is going to happen hopefully, just a one time and well wait until the winter. Four and a half hours later. I feel like weve been through three seasons in the bay area. When we left it was in the 90s, and now rain. A lot of times the first season falls apart this one is making it all the way to the south. Mount diablo, and horenda, santa cruz mountains. Concord with. 11, and dublin with. 10, and st. Elena, just over. 12 of an inch, and Still Holding together, ill show you that in a second. Still a little sprinkly but the sun is breaking through in napa andy mom a county sun clouds and possible build ups of showers and maybe thunderstorms this afternoon. 60s and 70s after 90s and 10s 100s, and a
Go to the bbc news website. The address is bbc. Co. Uk news. Or download the bbc news app. Now on bbc news live to singapore for Asia Business report. A dispute between south korea and japan, south korea removed from the list of favoured trading partners. And singapore s super penthouses. A look inside some of the so called little red dots. High rise luxury homes. Japan s decision to drop south korea from its list of favoured trading partners comes into effect today. It means japanese exporters will have to make sure their goods do not benefit sole s military or weapons industry before they can be sold there. Tokyo has already imposed tighter regulations on exports to south korea including material is critical to making memory chips and displays. Companies like samsung, they are the hardest hit. They manufacture more than 60 of memory chips globally and the first 20 days of this month alone we have seen Semiconductor Sales plunged 30 . In this tit for tat move, not south korea says it
Fbn a. M. Starts right now. Its something unpredictable but in the end its right. I hope you had the time of your life. Lauren welcome to fbn a. M. Let me correct myself. It is friday, september 13th. A spook hey friday indeed. Im lauren simonetti. Cheryl friday the 13th it is. We have green arrows to show. You good morning, im cheryl casone. Lauren your money is not spooked this morning or this week. The dow is on track for eight consecutive days of gains which would be the longest winning streak since may of last year. Futures up 69, nasdaq futures gaining 15, s p up 5. Cheryl 5 the u. S. Federal reserg the yield on the 10 year. Theres a gain ott 3 basis points, 1. 8 . Lauren concerns over slowing demand are weighing on oil prices this morning. 54. 65 a barrel, down 43cents. Cheryl over in asia, the markets in south korea closed for a holiday this morning. There are numbers to show you, green across the board in asia. Lauren lets take a look at european markets this friday morning. M