Oil surged above $100 a barrel as the war with Iran disrupts global supply and tanker traffic through the Strait of Hormuz remains at a standstill. Amos Hochstein, TWG Global managing partner and former senior advisor to President Biden, discusses the state of the conflict, the historic shock to oil markets, and what a possible endgame could look like. Then, Goldman Sachs President of Global Affairs Jared Cohen examines what the war means for the future of Iran’s regime and the broader geopolitical fallout, ...

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Travelers across the country facing massive delays as the Department of Homeland Security shutdown impacts TSA staffing. Phil Leau is here with that story. Good morning, Phil.>> Mike, have you seen the videos. Because if you have, you're looking at them this morning saying, "What?" People are waiting several hours to get through TSA security. That is the case in different places around the country.We saw this video from yesterday. This is New Orleans. That is a parking lot. That is people waiting to get thr ...

WE WANT. >> BUT IT'S NOT LIKE THE BOND MARKET IS PRICING IN GREATER CHANCE THE PROCESSION BECAUSE WE'VE SEEN YIELDS GO UP. >> IT TOTALLY AGREES. IT TOTALLY AGREES WITH WHAT THE OTHER MARKETS ARE SAYING.IS MY POINT. >> COINCIDENT INDICATOR MAYBE. >> YEAH.WELL NOW TO THE BROADER MARKET AS STOCKS DO GET HIT HARD TO START THE WEEK. LET'S BRING IN LORI CALVASINA, RBC CAPITAL MARKETS HEAD OF US EQUITY STRATEGY. LORI, GOOD TO SEE YOU.>> THANKS FOR HAVING ME. >> SO I ASSUME AND KNOW YOU'VE BEEN STRESS TESTING YOUR ...

As the president says, this is a very focused approach to eliminate their their offensive capabilities. Yes, there are going to be some uh temporary effects on our domestic economy, but as soon as this is taken care of, those prices will tumble and people will recognize that this was a short-term cost to pay for a major long-term gain in the terms of peace and security. ...

Let's all recognize that we're not talking about um what I would say is investment banks uh end users um and sophisticated liquidity providers facing off against each other. We're talking about people who are you know retail players and we ought to recognize that we regulate retail markets different from institutional markets and that is the that is the question right now. How how do we how do we how do we deal with this retail participation in these types of markets. ...

Joining us is Muhammad Alen at the table. Uh the Ron Kern professor of practice at the University of Pennsylvania's Warden School of Business, also chief economic uh adviser at Aliance. Good morning to you.We're all trying to make sense of what's going on uh in Iran, the price of oil, what it ultimately means to the economy and what it ultimately means to the price of stocks. What do you think. >> So start with what the what the market thinks.The market thinks that this will be a temporary and reversible sh ...

Uh, we'll try again with our Brian Sullivan talk some crude. Hey, Brian. >> Hey, I think you guys can hear me now.No one's ever said they couldn't hear me. By the way, Carl, to your point. So, there you go.Um, listen, I think I think Jim's point exactly is spot on. Look at crude oil. It's up 9 and a half%.But it's not at $125 a barrel. You got Exxon up half a percent, Chevron up one quarter of 1%. You guys were talking about it.The markets, yeah, they're down a bit, but they're not collapsing. This is a hug ...

talk about oil and the spike in oil prices. Joining us now is Kevin Book, Clear View uh Energy Partners managing director. Kevin, it it's good to see you.We were a couple weeks ago, we were pretty well supplied the world, was it not. Is that uh not the case anymore. And I guess I'm getting to the difference between spot and futures and whether there is a a premium or a fear premium built into what what could happen versus what's actually happening.>> Good to see you, Joe. Uh the difference I think is also m ...

We had uh Sean Maloney on last week. He he represents some of the prediction market sets. I guess we have a deal with Koshi, too. But did you guys get the impression in talking to him as almost like the old, you know, broken glass in a bag as a gift for kids for for Christmas? It's like, oh, Dan Akroyd, remember? This is the like the greatest thing. Of course, it's What do you mean? Well, why would you think it's not safe for kids to be playing with broken glass in a bag? I is. Do you have any concerns abou ...