Wednesdays drone attack it was a more than 4 percent and brant was up more than 3 percent surging to the highest level since late may but with brant crude over 65. 00 per barrel today traders are actually a little confused about the situation in the middle east specially after President Trump had given initial approval for the u. S. Military to launch strikes on iran in retaliation for terror on shooting down the american joan but before pulling back at the last minute like you mentioned you see christie the Trump Administration has an on predictable strategy on iran with john bolton in my pump a 0 in the drivers seat and a slightly more skeptical President Trump yielding to this advisers and because of this its a very its a little difficult to figure out who is calling the shots and even trickier to predict what happens next which has oil traders of the. Very concerned but not as much as one would predict given the Current Situation but why is why heres why kristie the drone attack which occurred in the strait of hormuz is the worlds most sensitive or all transportation choke point oil tankers carrying crude from ports on the persian gulf must pass through the strait and iran 21000000 barrels of oil a day float through the strait in 2018 now thats equivalent to roughly a 3rd of global Seaborne Oil Trade in about 21 percent of Petroleum Liquid consumption so given the sensitivity of the location we should have actually seen a much bigger impact on to our market and as you may recall most notably prices spike briefly may 13th and again on june 13th when tankers in the persian gulf and gulf of oman were tacked but both times prices did not show any sustained gains even though geopolitical tensions in the region remain very high and the difference this time around kristie is that financial and Commodity Traders have reasons to hope that a serious economic downturn may be avoided of course the situation is dynamic but the spike in mostly betrays the Us Federal Reserve comments that a rate cut is in the cards and President Trumps and now in spend that he and chinese president xi will be meeting to discuss trade at the upcoming g. 20 summit so ultimately that allows the u. S. Iran tensions to move back to forefront driving up oil prices but again not as high as you would expect at least not for now and kristie in todays market the u. S. Is producing an astonishing 12200000. 00 barrels of oil per day so supply fears are actually very minimal and today geopolitical tensions in the middle east cannot be counted to deliver the same automatic increase in oil prices that he once could and whats also really. The interesting is that the surge in oil prices is not certain to drive up gasoline cars in the u. S. Which tend to peak just before summer the price of crude oil accounts for about 60 percent of the cars that americans pay to fill up at the pump but the National Cause for a gallon of unleaded regular natural gas of gasoline actually has fallen 0. 02 this week to about 2. 66. Arche producers side havent joe thank you so much for insight. Now as oil prices shoot up we always like to see how this will affect the consumer we can see here that as gas prices rise of course due to the spike in the price of oil car sales tend to fall you also notice that the reverse correlation happens as well with automobile sales driving when fuel prices are at the lower end of the spectrum joining us now to discuss these concerns and other happenings in the world of autos is the car coach lauren fix so lauren welcome how are the auto manufacturers especially stateside concerned that these increased tensions with iran will push up the oil prices so high it will create a stagnant market for new car sales. I dont think the impact as your previous guest said is going to be as great as we thought it would be as it would have been in the Previous Administration because were producing so much oil and gas they were shipping internationally as well as what we need here we have plenty of reserves youre going to see very minimal pricing from what im finding looking at the analysis maybe youll see an impact for about a week of a couple cents a gallon but youre not going to see massive price increases as we would in the past because we are not so reliant on the middle east to supply us with oil and gas as we used to be refining our own that also includes we had a fire in a refinery plant in philadelphia that could cause prices to spike very small amounts just for the next week and how these companies hedge their bets actually on this by making moves into the even market. Well that even market theyre producing product because theyre trying to lower their corporate average fuel economy known as cafe standards but the real factories consumers arent buying electric vehicles especially in the United States were looking at about 2 percent of total sales and thats a little under 17000000. 00 is the expectation right now of total sales for the year and youre looking at a global basis is a different story the numbers are higher but were noticing is in countries like norway theyre having problems with electricity because they dont have enough to charge everything because everyone charges like the phone and were trying to near of charging station you plug in just like you would do with your phone and that really is not the idea they want you to charge at night when electricity is much less expensive however the grid is being overloaded you will also note the diesel sales in germany have been very minor decrease in sales and now theyre starting to increase so diesel vehicles are still a option and still very popular around the world so electric vehicles where you think might have exploded in popularity with consumers theres a cost factor involved and theres also a range limit involved that causes a lot of concern for a lot of consumers. Now lets make the turn over to the self driving car sector and it appears that every major manufacturer and tech company. Matter is getting involved into self auto capacity the National Oceanic and Atmospheric Administration recently expressed concerns with the 24 of her band satellites use for the 5 g. Spectrum that would affect proper weather forecasting and similarly there have been some concerns expressed over the spectrum use in 5 g. Interfering with the g. P. S. Satellites and creating interference now g. P. S. Which is provided by the Us Government is used for more than just navigation is there a concern that this could somehow affect self driving vehicles and how they operate as often as they rely in some capacity on the g. P. S. Navigation. Theres a lot of factors involved the 1st thing is there is a factor with 5 g. Words being tested right now where birds are literally falling out of the sky and that is no joke where there were concerned with their 5 g. Running at full capacity is causing other problems if its causing birds to fall out of the sky theyre wondering what the impact would be on a human being thats one factor thats being addressed right now the other factor is when youre using 5 g. Youre right it does impact weather satellites which farmers use it impacts a lot of the 4 g. Thats being used on all the satellites that promote g. P. S. How is that going to impact military well theyll probably move to the Faster Service were not going to be able to use that as consumers right away so theres a lot of things that were really not sure because 5 g. Is whats required in order for Autonomous Cars to function properly but we have 4 other factors that are really going to stop Autonomous Cars from hitting the marketplace in mass quantity i think youll see it on campuses and a lot of popular areas but youre looking at government regulations they still have not decided whether theres going to be puddles and steering wheels and im not getting in an amusement ride and a lot of people dont feel confident in something you cant stop yourself the 2nd factor is insurance was still a factor whos at fault is it the software is that the company that made it is it someone who programmed it wrong theres a lot of factors there are the ones that we cant control hackers huge factor theres no permanent firewall that will absolutely protect someone or something thats in those shuttles a hacker breaks into the system and the last one is weather and even though we can predict with 4 g. 5 g. Is going to impact that but even with absolute predictability if youre going to hit a snow storm a wind storm hail or rain that shuttle could or boss or whatever youre writing in could park on the side of the road and wait for that weather to pass which could cause some other hazards for those people that are riders i always thought unknown factors in emerging tack and experts in our case are also saying that right now 5 g. Is essential to rolling out the fleet the time. Cars and cell or car to everything communication will allow for complete information to be relayed back and forth and with the shorter frequencies of 5 g. And the possibility of Spotty Service are we a long way out from seeing more of these on the road. I dont think youre to see Autonomous Vehicles on the roadway maybe not to lease 10 years that doesnt mean they cant do it in enclosed environments especially looking at like a shuttle that goes on a College Campus for example that would make a lot of sense or some sort of park but when youre looking at the roadways with other consumers who are not used to Autonomous Cars theres a lot of uncomfortableness learn fix the car coach thank you so much for being here thank you. This week has been quite the turnaround in the last couple of weeks as stocks around the world rallied lets start off with the molex pretty much unchanged for the week but it slipped down on friday as either leaders agreed to prolong until the end of january 2020 economic sanctions against russia over the turmoil in ukraine these sanctions include curbs on Russian Energy defense and the financial sectors moving over to asia the shanghai index had a stellar week up more than 4 percent as renewed hopes for a trade deal at the g. 20 summit boosted the markets president xi jinping announce that he is willing to discuss trade issues and emphasized that both sides should resolve the problems through fair dialogue over in hong kong the hang seng jumped 5 percent this week to speeding all 93 major benchmark exchanges tracked by bloomberg it pulls a spectacular recovery after last weeks trading session where the market was dragged down by the extradition bill protests over in japan the nikkei gained ahead of the Central Bank Meeting on expectations of a rate cut and ended the week up despite the fact that data showed japan exports tumbling by the 6th straight month in may and p. M. I. Is showing weak manufacturing data. The sensex as well Foreign Investors flowed into indian equities 11000000000 dollars year to date surpassing total annual tally in each of the 4 previous years and this is on course for the highest since 2012 down in australia the a. S. X. Closed up on friday ending the week up 1. 5 percent as a potential trade war truce give stocks a breather as pressures are lifted Australian Shares pushed higher moving the market to within 150. 00 points of an all time high the all shares in south africa are up as well as investors speculate the south africas reserve bank will probably cut Interest Rates next month or in september in order to boost the countrys economy over in europe the footsie the cac and the lax are all moderately however the gains were halted on friday after a strong run as tensions continue to rise between the u. S. And iran european stock searches 6 week high on thursday as dovish signals from the Federal Reserve saw investors piling into riskier and riskier assets. Over in colombia led by the financials and commodities sectors coffee and cocoa futures traded up while december gold fell point to 8 percent over in brazil the evil of the us but index rallied on friday hitting a record high with markets reopening after a National Holiday as investors digested the Central Banks decision over an us see the nasdaq and the s. And p. Were ball all up to 3 percent for the week as the queues lead the entire pack up the tech stocks followed by the materials were all up on friday but we also saw some choppy trading as they pay some gains in semis and finally up in canada the t. S. A. Soared as mining stocks drove the index to a 7 week high on thursday as gold prices surged folly of more dovish stand than expected stance from the Us Federal Reserve. Time now for a quick break here because when we return big jump straight from the frying pan into the fire as advertisers have. Rather than leave the platform granting them a major revenue. Train joins us to break down what life in store for the social media giant. And as we go to break here the numbers at the close. In many us States Capital punishment is still practiced convicted prisoners can spend years waiting for execution but most of the time. Favor the Death Penalty there are some people because of what they did giving up the right to live among us some even proven. True and how many more years is it going to take before we. Realize this is not working and we actually do something about. What is it calling his magic internet the new type of Digital Currency the centralized digital scarcity chancellor. Of 2nd or bank thats called the genesis blog for reason to calling it civil disobedience a source of optimism because i can control my own financial destiny its just a new way of coming to consensus its a game changer in the Human History of this columbus discovering the new world this Paradigm Shifting Technology that transforms economics and finance in a heartbeat the apollo 11 landing on to the max and stacey. World if you. Want to argue. That people. Should be commended for good. If you should own not bush. God since we. Need. To mean dont leave it. In different. Rooms. The much touted trade deal between 2 of the Worlds Largest trading bloc is now coming under heat from some World Leaders the deal which would create a free trade zone between the European Union and south americas mercosur bloc has been facing criticism from the hez over several has of the state in e. U. French president emmanuel micron along with leaders of poland belgium and ireland have all committed a letter to the leadership of the European Commission citing concern over agricultural imports and the consequences that the deal could have for their nation sector the mercosur bloc which consists of brazil argentina uruguay and paragon are an agricultural force to be reckoned with one major area of concern cited by these e. U. Leaders is the beef production in their countries that could be affected and these concerns are certainly warranted given that in 2018 ranking all 4 nations landed at the top 10 list for global beef exports while the deal is not yet official brazilian foreign minister has cited that the deal could soon be signed as soon as july however e. U. Negotiators are claiming that there have been some rocky patches in the working out of the deal and that a conclusion is still far from a done deal will be eyeing this move as more information comes in. As we mentioned earlier e. U. Leaders agreed on thursday to extend economic sanctions on russia until january of next year the initially imposes sanctions on moscow following an annexation of crimea by russian in 2014 they also supported troops fighting in Eastern UkraineEuropean Union spokesperson president a month said of the decision russian sanctions unanimously extended for another 6 months because of a lack of minsk agreement implementation a reference to a stalemate in the peace talks in Eastern Ukraine. The sanctions against russia affect the Energy Defense and financial sectors or only slated to be in effect until the end of july sanctions that banned the e. U. From doing business with crimea were also extended until june of 2020. Factory output is faltering as Global Industrial production has been weakening since the start of 20 team this darkening outlook for the Global Economy is increasing the likelihood that the leading Central Banks will respond with fresh stimulus to keep growth alive many economists are divided on whether the factory slowdown is largely a consequence of disruptions to trade and investment as a result of higher tariffs on uncertainty or if its just a pause after a long expansion the u. S. Composite p. M. I. Output index on friday reported 50. 00 in june which signalled the weakest expansion of Business Activity for over 3 years respondents cited less favorable domestic Economic Conditions and a tendency for greater risk aversion among some Clients Service providers experience the weakest Business Activity performance for around 3 years and require the 2nd week as monthly growth since the Global Financial<