Joe has some new buys in the energy patch and you're focused on the refiners. >> Yes, I'm just trying to find some opportunities in a market where I currently don't have exposure. We're coming into a seasonally strong period.You're coming into the hurricane season and there's also been a very strong outperformance when you look at the spread between reformulated gasoline, heating oil relative to crude oil. Crude oil is down 5% year to date, but get reformulated gasoline and heating oil are both higher. So, ...

FEMA Response Concerns - Democratic lawmakers are raising concerns about the federal response to the Texas flooding, questioning the impact of administration cuts to FEMA and the National Weather Service [1] - The response in Texas is criticized, with claims that FEMA didn't show up with swift water rescue crews for 72 hours, a deviation from past practices [4] - There are reports of over 20% of FEMA's workforce being forced out, and key positions, like the Florida regional administrator, remaining empty [5] FEMA Reform and Current State - FEMA needed reform to be faster, but the current administration broke it, potentially intentionally, by appointing an interim administrator with zero emergency management experience [7][8] - The changes have made FEMA slower and less efficient, potentially costing lives and disproportionately hurting red states that rely on FEMA for disaster relief [9] - The reimbursement process has slowed down, impacting cities' and counties' ability to make decisions and clean up after disasters [9][10] Congressional Action and Hurricane Season Preparedness - Congress could have done more in the past eight months to address the issues at FEMA, but the damage has already been done [13] - Members of Congress from states like Louisiana should push the White House to get FEMA ready, expedite declarations, and preposition resources [14][15] - FEMA needs to revert to its established playbook for hurricane season, and members of Congress should speak up publicly about the need for preparedness [15][16]

THE COUNTRY AND EVERYWHERE ELSE. >> IT'S JUST SO COOL. THREE HOST COUNTRIES I KNOW, IT'S KIND OF INCREDIBLE.WE'LL GET YOU THE DETAILS. >> GOOD TO HAVE YOU WITH US ON THIS WEDNESDAY MORNING. I'M JOE FRYER. >> AND I'M SAVANNAH SELLERS.>> THANKS FOR STARTING YOUR DAY WITH US. WE'RE GOING TO BEGIN THIS WEDNESDAY MORNING AGAIN IN LOS ANGELES, WHERE PROTESTS CONTINUE IN RESPONSE TO IMMIGRATION RAIDS IN THE CITY. >> MAYOR KAREN BASS PUT IN PLACE A CURFEW LAST NIGHT FOR THE PART OF DOWNTOWN LA WHERE WE'VE SEEN THE ...