[CC may contain inaccuracies] How important is the Strait of Hormuz right now. And even if we don't necessarily see a closure or just disruptions in that region. I mean, massively important, 20% of the world's oil is flowing there and the roughly equivalent amount of the world's gas.What is particularly challenging right now is some of the jamming that's happening on GPS devices and the like, which which is a concern. The Strait of Hormuz is, at the end of the day, the artery through which the world's energ ...

ANNOUNCER: THIS IS BALANCE OF POWER FROM D. C. JOE: WELCOME.THE WORLD WAITS FOR PRESIDENT TRUMP ON WHETHER TO JOIN ISRAEL OFFENSIVELY AGAINST IRAN. PRES. TRUMP: I LIKE TO MAKE A FINALS NAL DECISION ONE SECOND BEFORE IT IS DUE.JOE: WE TALKED TO MEGAN O'SULLIVAN. TYLER: THE CONFLICT SENDING OIL SURGING. WE HAVE A LOOK AT HOW THE INDUSTRY IS PREPARING.JOE: REPUBLICAN INFIGHTING INTENSIFIES. DEMOCRATS SHARPEN ATTACKS. >> REPUBLICANS HAVE MADE CLEAR THEY ARE WILLING TO THROW MILLIONS OF AMERICANS UNDER THE BUS S ...

>> THE FED REVISING HIGHER ITS INFLATION EXPECTATION, REVISING LOWER ITS ECONOMIC EXPECTATIONS BUT LEAVING A DOT PLOT IN PLACE THAT SUGGESTS TWO RATE CUTS LATER IN THE YEAR. I'M ROMAINE BOSTICK. ALIX: I'M ALIX STEEL, WOULD YOU ARE 10 MINUTES FROM THE CLOSING BELL.NOTHING IN THE MARKET. A SNOOZER IN TERMS OF MARKET REACTION, PROBABLY EXACTLY WHAT THE FED WANTED. THE TWO YEAR YIELD DOWN JUST ONE BASIS POINT.SUPER CALM HONESTLY. ROMAINE: RATES STAYING EXACTLY WHERE THEY ARE. BASICALLY WHERE THEY HAVE BEEN AT E ...

Since the great recession and postcoid as well, the American banks, a lot of them have gotten much much stronger, much much bigger and they are much more dominant in the global financial scene than I think they were pre uh global recession. Is that a problem for the British space banks. It's not a problem.What it does is that it makes certain parts of our businesses more competitive. You know, London is a global financial center, has been for 300 years. uh we look to represent London in the globe as an inve ...

Have you been briefed by the administration on this. And do you think that the US needs to get involved in a more direct way. No. Uh no and no.The United States, our involvement should be to help deescalate, to help deconlict. uh we should be encouraging both parties to back off, to calm down, not trying to throw more fuel on the fire and see if we can expand the conflict in the Middle East and drag America into another endless war in that region. Uh, I remind everyone, Constitution of the United States, th ...

our headcount has grown at about 1% a year. So over the course of a couple of years, we're going to we're doing a careful scrub of the board and all the reserve banks and we're going to find 10% of employees uh who can do something else where where we can we can streamline our operations and we we think we can get there in a year in a couple of years. We think we can do that and we think the oper we think the the um you this is this is without taking risk to carrying out our critical missions.So this is som ...

>> LIVE FROM WASHINGTON, D. C. , THIS IS "BALANCE OF POWER" WITH JOE MATHIEU.JOE: WASHINGTON WAITS FOR WORD ON INTEREST RATES AND U.S. MILITARY INVOLVEMENT IN IRAN. WELCOME TO THE WEDNESDAY EDITION OF "BALANCE OF POWER." WE ARE LIVE FROM THE NATION’S CAPITAL WITH A LOT OF QUESTIONS TO ANSWER TODAY. WALL STREET IS WATCHING AS WELL.WE WILL BE JOINED BY REPUBLICAN CONGRESSMAN MIKE LAWLER OF NEW YORK, WHO IS TRYING HOLD THE LINE ON SALT IN THE PRESIDENT’S BIG, BEAUTIFUL BILL. WE HAVE A LOT TO TALK ABOUT WITH AN ...

My colleagues and I remain squarely focused on achieving our dualmandated goals of maximum employment and stable prices for the benefit of the American people. Despite elevated uncertainty, the economy is in a solid position. The unemployment rate remains low and the labor market is at or near maximum employment.Inflation has come down a great deal, but has been running somewhat above our 2% longer run objective. In support of our goals today, the Federal Open Market Committee decided to leave our policy in ...

As of June 2025, the US economy continues to defy some expectations as the labor market shows some strength even with inflation moderating. The latest jobs report on June 6th showed non-farm payrolls grew by 139,000 in May. This surpassed the forecast of 125,000 jobs, while the unemployment rate held steady at 4.2%.Meanwhile, the most recent CPI report on the 11th showed inflation below expectations at 2.4% year-over-year in May with core steady at 2.8%. Earlier worries that tariffs was going to at the same ...

[Music] On June 13th, the Environmental Protection Agency released its long-awaited renewable volume obligation proposal for 2026 and 2027 under the renewable fuel standard. The proposal will greatly increase the required volume of biomassbased diesel blended by refiners from 3.35% billion gallons in 2025 to 5.61% 61 billion gallons in 2026 and 2027. The proposal also prioritizes using soybean oil and ethanol produced in the United States and discourages the use of biomass and feed stocks produced outside o ...