Upside Pressure News Today

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 ...

spending bills with tax hikes that they say only will hit rich, but an independent study may make a lot of you flinch. welcome, even, this is "cavuto live." we begin with lucas tomlinson in d.c. on what we know and dont know about what the fbi sized i. >> reporter: the fbi to be over two dozen dockses from for. the invenn our unsealed yesterday, the justice department says there were 11 sets of classified files including 4 sets of top secret documents, 3 sents of secret documents and 3...

And were starting with the latest incident in the volatile Gulf Region Oil prices have surged after what is believed to have been a missile strike on and ukrainian tanker in the red sea benchmark brant crude oil rose over 2 percent in trading to reach 60. 40 a barrel after this beauty was hits off the saudi port city of jeddah the ship was headed towards iran or in the gulf it was the latest strike by an unknown attacker on Oil Facilities in the gulf region a bombing office saudi arabias largest...

Private sector going to the government. hows that going to affect if supply and demand? >> well, listen, theyre just continuing. this is now the second bill in as many weeks, because we had the chips bill, now we have the taxation bill. listen, its only going to add upside pressure to inflation. i think it was the wrong thing to do, but cleary im in the 50 -- clearly, im in the 50% camp which apparently is the minority, right? [laughter] thats why, to danielles point, i think you have to be care...

Meant is really predicated off the view that the global economy is slowing were seeing weakness in a lot of key markets fuel demand is down in both the emerging and the developed markets in addition to u.s. china trade war tensions escalating with the kind of tit for tat tariffs that we see going forward the geopolitical risk premiums that we would have expected from tensions in the middle east have failed to hold the gains that they have so the us any kind of disruptions that we see of the type...

Slowing were seeing weakness in a lot of key markets fuel demand is down in the emerging and developed markets in addition to us china trade war tensions escalating with the kind of tit for tat tariffs that we see going for the geopolitical risk premiums that we would have expected from tensions in the middle east have failed to hold the gains that there how so the us any kind of disruptions that we see of the type that were announced today with the apparent tanker attacks you know we expect tho...

Lauren had really good night, remarkably good night but no one touched him. the way harris went after him on night 2 was maybe the first -- the first moment of this entire campaign that could, not exactly but could change dynamics. >> this is why i think its affected by many predicted that biden would look weak and confused in the entire debate and in my view if you take those moments out he had a pretty forceful performance, got emotional and death of family members when talking about health ca...

Because no one touched him. lauren had really good night, remarkably good night but no one touched him. the way harris went after him on night 2 was maybe the first -- the first moment of this entire campaign that could, not exactly but could change dynamics. >> this is why i think its affected by many predicted that biden would look weak and confused in the entire debate and in my view if you take those moments out he had a pretty forceful performance, got emotional and death of family members ...

Would have absolutely brought 700,000 barrels per day into the country dropping the price of oil. dropping the price of gasoline and he says yes to things like solyndra and beacon energy which are solar projects that are -- >> how do they work out? >> that are chewing up our money and firing our employees. >> let me ask you this, mr. expert, theres still an eternity until the november election. how do you think things are going to pan out over the next several months. >> if gas is $4 or $5 a gal...

Dependence on foreign oil. >> gregg: yeah. and this is going to hurt everybodys wallet? >> it will hurt everybodys wallet in the long run. its not going to be that much of a factor. the amount of oil were losing relative to what we consume every day in this country is not that great. but its a chain reaction of the environmental damage, the impact on washington, policy making. if they suspend new drilling permanently or maybe even cut back on drilling thats going on, its going to add to the upsi...