Bring in Schwab's Lisanne Saunders now. She joins us on the CNBC news. Good to have you on as well, Lisanne.Welcome back. Your thoughts on these markets. Yeah, I mean it's it's not a it's not a huge huge reaction down.We've had obviously worst days just tied to trade news, but um you know if you if you look historically at other surprise um military attacks, you do tend to see a big downward move on the day the two biggest ever were most recently September 11th, maybe no surprise there, and then when North ...

In the sea of red, energy is the only sector uh on top today with oil prices moving sharply higher on the heels of of Israel's air strikes against Iran. Crude's still up about 7%. Pipa Stevens has a closer look at Iran's energy complex and why the state of Hormuz Pipa is going to be key here.So Kelly, oil's next move really depends here on how Iran responds to the attacks. Now the country itself is not a major supplier. They export about 1.7% million barrels per day with more than 90% of those exports comin ...

Market Impact of Geopolitical Tensions - Oil prices are surging following strikes by Israel, with the market closely watching Iran's response [1] - The Strait of Hormuz is a key chokepoint, with Iran potentially disrupting a quarter of the world's oil supply [3] - JPMorgan simulations assign a 7% probability to a worst-case scenario of oil reaching $130 per barrel [6] Potential Disruptions and Risks - A worst-case scenario could see oil prices rise to $120 per barrel due to Strait of Hormuz closure [4] - Lower-level actions by Iran, such as harassing shipping, could increase shipping rates and cause tanker shortages [4] - Traders are buying call options to protect against potential escalation [5] Iranian Oil Supply - Sanctions could be reimposed, potentially removing Iranian barrels from the market [8] - The market needs to prepare for the possibility of Iranian barrels being removed from the market, even without military action [9]

Oil futures spiking, seeing their biggest gain in three years. And as we're monitoring the violence that's breaking out between Iran and Israel, this is prompting concerns around the outlook for supply in the region. Joining us now on the outlook for energy sector here.We've got Fernando Valet who is the hedgei risk management energy analyst. Good to have you here. Taking some time this morning.just walk us through where this immediately kind of initiates some of your attention to flow into especially when ...

The results of the CNBC NRF retail monitor for May just released. Let's get to Steve Leeman. He has more on this.Hi, Steve. Hey, Becky. Consumer spending growth slowed in May.Apparent payback from strong April outlays that were propelled by consumers pulling forward purchases ahead of tariffs. And consumers of course could now face new challenges after developments overnight in the Middle East. Uh the CNBC NRF retail monitor.It's powered by real credit card spending data from Affinity Solutions showed a 0.5 ...

We are watching very closely the reaction to everything we're hearing from the Middle East after that Iranian strike, the strike on Iran from Israel. You can see this morning that the futures have pulled back substantially. Dow futures are off by over 500 points this morning.The Nasdaq indicated down by about 310. The S&P futures off by 70 and this is coming as uh we had been looking at positive issuances from the United from the US stocks. Uh we were looking yesterday at the stocks up across the board once ...