Toil Joint News Today

John joins me live from london with more of this. what do you make of this price range with the oil joint? is it still ambitious? >> reporter: well, it is conservative compared to what the original range was. we could get them into the number one category on two different measurements here. lets take a look first at the evaluations. if they go out as planned, it would be 1.6 to 1.7 trillion dollars. original target was $2 trillion. it is, and this is something ive been talking about the last few...

The heart of saudi arabias oil industry. both of the facilities that were affected are owned by saudi aramco, the state oil joint there and the attacks sparked an enormous fire, a blaze authorities say is now under control. what we dont know is the extent of the damage. nasa put out satellite imagery showing you can actually see some of the smoke from space. yemens houthi rebels claimed responsibility for the attack. remember, saudi arabia has been fighting with houthi rebels in neighboring yeme...

>> bps chairman says they have tried to settle and they would like to settle. its got to be for the right price. they have a team of lawyers in new orleans preparing for the trial. another one trying to negotiate a settlement. the trial is before u.s. district judge carl not a jury. bp does not have a run away jury verdict to fear. however, the oil joint does have great motivation to settle anyway. >> bp would like to get this off the front pages of the newspapers. they would like to -- bp wants...

Arena now, whats the risk to troops and whats the risk to operations in the field? what is the risk to intelligence operatives that may be risking their lives to work for the united states and countries you on there who share information with the u.s., what risk is there that they will have any confidence to don share sensitive security information if it is just going to show up on the internet. you know, as we talked about, theres a lot of discussion always about cyber attacks, cyber warfare. t...

Concerns about the possibility of a second u.s. recession? >> well, very real, indeed. keep in mind that the economy doesnt have to go into recession just because we have a stock sell off. one of the biggest sell offs offer in 1987 did not result in the economic retrenchment. but the big worries behind these moves today is lack of growth. lack of growth in the u.s. economy. were seeing that play out and that could be the key to another recession. >> shepard: gerri willis, part of the best team i...