Live Breaking News & Updates on Dan Nathan Broadcom
Stay updated with breaking news from Dan nathan broadcom. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Until the close, cnbc contributor stephanie link from tiaa a nuveen company. Welcome, stephanie thanks. Energy doesnt usually lead this market but is today on the oil bounce and questions about whether thats sustainable and given sort of the scale and increase in tensions whether the move is big enough to bring back the sector and commodity trade i dont know. I really dont because its been a tough industry for the whole year. For a whul of years now. So this is really more a supply issue concern. I think the Biggest Issue for oil are demand and the demand environment has been slowing and the revisions have been lower. So with that as a backdrop this might be just temporary. You would have thought oil would have been rallying much more than it did. I spoke as well about 20 minutes ago to one of the senior traders at one of the major investment banks and said was pleased to see the algos didnt disrupt the market when pompeo came out ....
What we have seen over the last several hours is the intensifying of the rhetoric on both sides of this issue u. S. Secretary of state mike pompeo coming out and attacking tehran saying they are responsible for what happened to these two tankers off the coast of the uae, off the coast of iran right in the middle of that gulf of oman earlier today this is the story, of course, that we have been tracking since around 6 00 a. M. Local time and it is after 1 00 a. M. In the persian gulf and lets listen in to what mr. Pompeo had to say. Taken as a whole, these unprovoked attacks present a clear threat to International Peace and security, a blatant assault on the freedom of navigation and an unacceptable campaign of escalating tension by iran. The secretary of state saying this is part of an Overall Campaign of escalating tensions just a month ago four other tankers were als ....