i think just looking at the potential over let's say the next 12 to 18 months, little more longer term, i think they are going to be the ones that win. charles: right now the dow is off 121 points. not too bad. thank you both very much. liz, you know, it's sort of one of these monday blahs but beneath the surface, there's fireworks as usual. liz: it's blowing up in our face. let me tell you, did you see just now the intercontinental exchange just announced that daily volume for brent crude futures surpassed two million? that's a new record. don't move for the next 59 minutes. we are looking at the final hour of trade that has very fast-moving headlines that could minute by minute affect your money. right now, it is 10:00 p.m. in riyadh and the saudi arabian government is mobilized just this hour working feverishly to get its oil operations back online after the brazen drone attack less than 48 hours ago. at this hour, the saudis are saying rebel houthi militia in

yemen can claim all the responsibility they want for the fiery attacks on the two massive oil pumping facilities in eastern saudi arabia, but their own preliminary evidence shows the attacks did not originate in yemen, and were carried out with iranian weapons. the saudis are pointing the finger at iran's revolutionary guard. for the attack under cover of darkness, hitting the gigantic oil field, the largest crude oil stabilization plant in the world. the gigantic blossoming fires with the backdrop of the world's second largest sand desert surrounding it have shocked the energy and stock world and left many people asking if all it takes is an inexpensive drone or two to knock nearly 6% of the world's oil production offline, what does this mean for the future and for all oil facilities? no matter where they are? global oil and stock reaction was swift. look at this. after a wild session that began

with the huge gap up, west texas crude just settled half an hour ago at $62.90 per barrel, up $8.05, a jump of nearly 15%. but if you look at it at the moment, it is trading after hours slightly below that. so the trading is certainly interesting. little bit of tension coming out of the oil market, at least here stateside. goldman sachs analysts are now warning, though, the saudi oil crisis could last not two weeks, as some have thought, but three months. and it could drive oil north of $75 per barrel. again, we are for west texas, certainly as we look at it, we are about $63, $64, we have brent which trades of course overseas in london, $68.71, up $8.49. again, very big gains. while oil shoots higher because supply is cut, look at the markets. they are doing the inverse. a sea of red but off the lows of

the session right now with two minutes past the top of the hour in this final hour of trade. the dow, though, is about to give up its eight-session winning streak with a loss at the moment of about 100 points. we have s&p action and we see that there is red on the screen but the energy sector is the biggest mover. plenty to gush about. apache at the moment is jumping 17%. marathon up 12%. devon, the same. hess, 11% gain. let's flip it to the oil majors, the guys who do soup to nuts. they are propping up the dow from further losses. those two names, exxonmobil and chevron, part of the dow 30. if you look at the offshore drillers specifically, transocean, valeras, diamond offshore, nice moves here. offshore drilling not on the land, which is what happened in saudi arabia. those were obviously land-based attacks. shares of smaller and highly leveraged energy companies are

real winners at the moment. we can see whiting petroleum, 50% up. oasis. some of these have been selling off over the past year so you have to take that into account. eog resources up 8%. o o osasis, 28% move. refiners heavily dependent on crude that happens to be supplied by saudi arabia are taking a hit. valero and pbf energy. valero down 4.75%. pbf down 10.5%. look at heating oil. why would we show you heating oil on a day like this? because it's a proxy for derivatives that include jet fuel, airline fuel. heating oil is advancing 10.33% right now. that makes jet fuel more expensive and slams the airlines from american airlines to delta to jetblue as investors fear that high fuel costs could drag earnings. you see those names coming down. those are caribbean stocks. those two are coming down by about 2.33%.

royal caribbean down 1.25% and of course, carnival down 3.5%. retailers getting hit on concerns over logistics costs, if prices at the pump skyrocket. that includes amazon, walmart, target, everybody down just 1% and change at the moment. we need to tell you that it is affecting your portfolios. we have every angle of the saudi oil attack covered from the trading floor to d.c. to the fox business newsroom. yes, team coverage. we begin with luke ribari, one of the few oil traders in america who has actually been on the ground in saudi arabia, iran, kuwait and the uae. he's live at the nymex. charlie gasparino on breaking news regarding the impact the attack is having on the highly anticipated saudi aramco ipo. and mideast security expert, cliff nay, live in d.c., about to tell us who he and his team believe launched the suicide drone attack. first to luke. he's on the floor there.

global oil prices face chaos at the open. let's talk our viewers through the intraday trading picture and why these drone attacks matter to our investor audience. >> well, that's a loaded question but let's talk about the price action. the price action on saturday i think when the news broke was crude was up about 10% and it's gone up a little higher. it's up about 14%, 15% right now. i think pt of the reason is you've got to first get your arms around security, around the rest of your production facilities. that's more important right now than getting production back online. they are working on getting production back online but you got to look at the rest of your facility. to be honest with you, there's not really that much of a way to get full production back online. oil is up five or six bucks, it's not a bad thing for the saudis. let them get everything under control. so that's their number one thing they're working on. liz: you have been on the ground in these countries. you have been in iran, in saudi arabia.

these countries, what insight can you give us as what happens next? is every oil field in the mideast now vulnerable to these drone squad attacks? >> yeah, i mean, another g question but you've got to, you know, you got to realize how things work over there. it's not exactly the same. everybody knows they are vulnerable. a lot of these oil fields are right on the borders. iran and iraq share a huge oil field on the southern border, southwest border. there is cross-drilling. there's some cheating. there's some of that going on. but i think you know, there's also a lot of chatter about conspiracy theories. the president wanted to talk to the taliban one and a half days later, they do an attack and they kill a u.s. soldier, unfortunately. they kill some other people. the president says he wants to talk to iran, bolton gets fired, who was a big iranian hawk, then now this attack. there's a lot of nervousness in the market. it doesn't make sense, it

doesn't make political sense for any of the parties involved but there's a lot of nervousness right now. i don't think oil's going to go up to 75 unless there's another event. i think it's given its a good floor to work off of. liz: president trump is meeting with the crown prince of bahrain and we are expecting possibly to hear from him. we will get that. but obviously, because bahrain is an archepelago in the middle of the persian gulf, they would be speaking about this. i want to bring up the strategic petroleum reserve because the president said we are ready to open it. for those who don't know what it is, it's about 60 huge caverns, gigantic caverns that are underground, texas and louisiana, they are in salt mines. they hold anywhere from 10 to 16 million barrels of oil, right, and would that kind of calm things down, because we have that extra coverage? >> yeah, but it's also psychological.

you know, i have said this for a long time and i know we have had this event, there's plenty of crude in the world and in the u.s. five, six weeks of lower saudi production, the world can handle. also, the u.s. is doing a lot of production. you got to look at the refiners. right now there's going to be a premium on transportation. insurance companies are going to raise their rates. people are going to say hey, i would rather produce and refine locally than take a chance overseas. that's why you see brent going up higher than wti, et cetera. i think that will give investors opportunities. look at mexico, they could use $20 billion, $30 billion to make their production better. liz: luke, thank you very much. for somebody who has been on the ground in the region, very valuable information. our team coverage on the events of the past 48 hours leads us to whether the highly anticipated saudi government-owned aramco ipo which was supposed to be valued at $2 trillion is about to be delayed or shelved. charlie gasparino on that and

all the financial giants who were banking on big bucks for underwriting this ipo. >> not just delayed, but the value of this thing could come down dramatically, what we are hearing. i have been spending the day speaking with those underwriters. the big ones, jpmorgan, goldman sachs, morgan stanley, citigroup. everybody is playing a role in this. every major wall street bank. those are the ones that are getting the lead roles. jpmorgan will be what's known as the book runner, meaning they get most of the economics. if, i say if this deal happens and the first leg of this was scheduled to happen in the next couple of weeks. here's what we know from these underwriters. saudi aramco has told them they are considering a delay in the first tranche of this ipo. a delay that could delay this thing for months. why are they looking to delay it? well, there's two things they have to get settled. number one, security. you said it earlier, just before. if two sort of walmart-made drones, not saying they were made at walmart but you get what i'm saying, two very crude

devices could take out much of their oil production, well, then they have a very very big security problem and they have to get that security problem fixed before this thing goes public because, you know, people are buying stock based on their ability to deliver oil. liz: look at this picture. you see the smoke plumes. unbelievable. >> pretty unbelievable. let me just make the other point that i want to make here in terms of the ipo, whether it goes forward or not. one thing is the security. the other thing is disclosures about production. they really have to nail down exact exactly when this stuff gets put online again, how much they are going to produce because that affects the stock price and those disclosures are written up. they are in the offering documents. they are legal, you know. you have to meet what you put in the offering documents. so if there's very little sort of disclosure, if you don't know much about what you're going to produce, if you don't know much

about the security of your oil wells, or your oil system, guess what? you can't really do the ipo. we understand they are at this point waeighing to delay this. i think it's a day-to-day thing in terms of the announcement. remember, this thing has been a long, tortured process. they were supposed to do it last year, this year, now it looked like it was online, we reported it last week. this could very well delay it again. liz: thank you very much, charlie gasparino. now to one of the top experts in the mideast security world who is ready to point the finger at who he and his team believe pulled off the brazen drone squad attack. clifford may heads up the foundation for defense of democracy and is here in a fox business exclusive. the u.s. says it's iran, the saudis say it's not the houthi militia in yemen who pulled this off. what is your early investigation telling you? >> what we know is the islamic republic of iran was behind this. whether they used the houthis in yemen who, again, are proxies

for iran, guided, funded, instructed by the islamic republic in particular by the quds force which is the expeditionary force of the iranian islamic revolutionary guard corps. whether it was them or whether it was others, doesn't matter. it was still iran. i think that it probably was not the houthis. they are claiming it because it's convenient and it gives the islamic republic of iran sort of plausible deniabilitdeniability. everything we know, the evidence we have suggests the rockets and we are talking about cruise missiles as well as drones were fired from the north, which means they came either from iranian territory or more likely from southern iraq, where there are various shia militias also instructed and funded by the islamic revolutionary guard corps of iran. this was an attack on saudi arabia, one way or another by iran. they want plausible deniability. what they want to do here is yes, raise oil prices but having been arsonists they also want to say we are the fire brigade because they are saying you know what, we have oil, we can put it

on the market, wouldn't that be helpful, by the way, the americans need to lift their sanctions on us so we can be helpful to this. that's part -- that's what's going on here. any way they can hurt saudi arabia, including the ipo, absolutely they want to do that as well. they also believe, this is an important point, that they can attack a neighboring country and don't forget, they have attacked tankers in the strait of hormuz, they have also attacked pipelines, they also have shot down an american drone. they keep doing these things and they say we can get away with it, we can use military force and what will happen in exchange? the americans and certainly the europeans will try to appease us and maybe reward us. liz: unbelievable this has knocked off more oil supply globally than the six day war in 1972 when israel was attacked. it is extremely serious. that's why we bring it to our viewers. cliff, thank you very much. cliff may. when we come back, we've got a gm strike. are they talking? we understand they are. we have got netflix with a big

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liz: with all of this craziness going on, let's toss this into the tornado. the federal reserve begins meeting tomorrow and look at the odds of a rate cut right now. fed funds futures show a now 65.8% odds that the fed will cut rates. folks, last monday it was at 90%. what is going on? let's get to the floor of the new york stock exchange and scott redler. let me flip this over. it basically means 36.5% odds of no hike, no cut, rather, at all. are you shifting any of your trades ahead of the two-day meeting? >> well, i think people have shifted a little bit, because we

were about 1% off of all-time highs last week. but i do think with the news from over the weekend, i would think they are going to do at least a quarter. i wouldn't say a half. i think a quarter. a quarter is what the market needs to keep the current trend. at this point we came in, there was a lot of volatility. we weren't sure if we would have to shift our gears with the news but 2980 held in the s&p which meant upward commitment. i still think they are on path to make new all-time highs. that all-time high is 3028. i think it happens in the next few weeks. liz: tell me, is it too dangerous to get in on any kind of energy names? because they have all spiked, at least most of them have. the airlines have dropped. would you then go in and maybe pick up some of the airlines on these levels? because they are cheaper now than they were certainly on friday. >> i personally don't think they trade very well. some people say hey, we need to short oil. this is very psychological. we are up 13% to 15% but if you look at crude, it's at $68, $69

a barrel. we aren't even at the highs of the year. at this point it's kind of hard to buy oil but there is some room, $73 to $75 so i do think some energy names still have some room to the upside. i think if you are not very familiar with the energy names, maybe you could buy the xle, an etf for the actual overall sector. i would not really be buying the airlines at this particular point, but i do think you can't really short oil. it was room to $73, $74. if you didn't switch gears, we were all talking about the rotation two weeks ago into energy, into the small cap, into the banks at this point, now that they just had a bigger jump becausef the geopolitical tensions from this weekend, i wouldn't really be chasing it here. but you don't have a real true reason to sell because they do have some more room. liz: leave it to the professionals. we know what we're doing. good to see you. thank you so much. scott redler keeping it calm on a day like this. dow jones industrials down about

129 points right this minute. gold is up ten bucks. still not that much above $1500 a troy ounce. we have new salvos in the streaming wars. with the closing bell ringing in 40 minutes, netflix, yeah, we know it lost "the office" and "friends" but guess what it gained? another blockbuster to fill the classic sitcom gap. this is hollywood of silicon valley continuing to reel from a shock wave created by bob iger's exit from apple's board. yes, that happened. up next, digital investing guru here live on who really holds the keys to the kingdom in this cosmic clash of big media versus big tech. "the claman countdown" is coming right back.

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liz: okay. i need you guys to keep one eye on the dow jones industrials and then one eye on me. we do have headlines now.

president trump is speaking in the oval office right this minute. he is saying quote, it is looking like iran was responsible for attacks on the saudi oil plants and facilities. he says quote, he does not want war with anyone but quote, the u.s. is prepared. now remember yesterday he had put out a tweet saying the u.s. was locked and loaded. the president is also saying there are always conditions to meeting with iran's president rouhani, and we should tell you that we are just learning that secretary of state mike pompeo is going to the region. he will be heading to the region. we don't know exactly when. but it is important to note that the u.n. general assembly is next week here in new york city and there was talk that there would be a face-to-face between the president and the iranian president. we shall see, with all this tension, what's going on and what might happen. in the meantime, we are waiting for the tape to be turned around. it's not live there. it's in the oval office so

cameras are shooting it. we will bring it to you as it becomes available. after losing "the office" and "friends" shares of netflix right now should be higher after it locked in the show about nothing. netflix stock is just slightly lower at the moment but the big news today that one might have thought would pump their stock is that it won the rights to stream the entire "seinfeld" series beginning in 2021. all 180 episodes. this on the heels of disney ceo bob iger's departure from the most coveted board seat in the name of technology, apple. while it's the board that everybody wants to sit on, yeah, everybody wants to sit on apple, right, sure they pay plus it's exciting, we are a couple months away from disney and apple launching their specific independent streaming services, with netflix now revving its engines what should investors

make of the three-way conflict of interest and who comes out on top as the ultimate streaming hunger games is about to commence? apple right now is the only stock higher by half a percent. disney is down about 2%. we bring in our next guest with the answer. he's the big money name behind funding yahoo! in the early days, its success having served as a very early investor in some of the biggest tech names. he was also managing partner at softbank capital, the venture firm. eric hippo. all right, eric, everybody would immediately think it's only apple and disney. now netflix might be part of this argument and conflict. who wins? >> netflix is the incumbent. they have over 120 million subscriptions, whatever, they have been around for a long time. everybody likes netflix. everybody loves netflix. they have a lot of original content. they spend billions of dollars every year. they are the ones that people need to dethrone. liz: why not a bigger bump with

the "seinfeld" news? >> "friends" was always popular. they had it, lost it, so there will be fights for libraries. this is where disney has big strength. they have the disney library and the fox library. they have a lot of content. it will be very difficult if you have children at home not to buy their service. liz: then apple is dangling the free phone -- not the free phone but the free service for a year for apple plus tv if you buy a phone, if you buy a mac, if you buy any kind of hardware from apple. to me it looks like they own the pipes, they own the hardware, and now they are spending so much money on actual content and the pricing is so much better for apple streaming issue than it is for disney. >> but will the content be compel compelling? amazon spends billions, but it's not as good as netflix. i think apple did the same thing with the music service. at first it was bundled.

spotify continues to be the market leader despite all apple's efforts. liz: let's talk about iger leaving the board of apple. he had to. there's a huge conflict. he had to, as soon as apple announced it was only going to charge $4.99 for its streaming, as disney is preparing to roll out its streaming. i recall back in the day when eric schmidt ditched the board of apple after google came out with android and that directly competed with apple. what does this mean now? does it matter that that mind that iger has is now no longer part of the board at apple? >> i don't know about that. i think obviously presumably apple has taken his best advice to heart. liz: he knows their secrets. >> he knows their secrets, maybe. but no, this is normal in the tech world. you cooperate one day and you compete the other. these people will continue to be friends. liz: yeah. eric had to go but as you look at all that's happened, google

is another big name in all of this. and the content wars continue. give your favorite pick. i know you don't pick stocks but who as a winner, has the most muscle at this point? >> well, you know, i like the software stocks but that's a little boring. people like zoom that went public earlier have done extremely well. the real deal which is not obviously enterprise software which is used clothing -- liz: real real, yeah. >> part of it is e-commerce stocks that will start to do well. liz: good to see you. eric hippeau, thank you so much. we are coming right back. don't go away. 30 minutes to go before the end of a wild trading session. we are down about 148 points for the dow jones industrials. remember, the federalesve kicks off that two-day meeting tomorrow. it's a huge week. managing type 2 diabetes?

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liz: we need to tell you that the president right now is speaking as he is meeting with the bahrain crown prince. more headlines are slowly trickling out of the oval office. president trump is saying he is not inclined to visit north korea, he's not ready yet to do that. the president also is declining to say whether north korea's kim jong-un, the dictator leader, had invited him to meet again in a most recent letter.

the president is saying that the united states, back to saudi arabia, will be talking to saudi arabia and other countries in the middle eastern region about the drone attacks which happened saturday night, taking 5%, nearly 6% of all global oil offline. it's a huge deal, as you can see. oil is still in the after-market session up $7.45 or 13.5%, but he's saying even though everybody is pointing to iran as the culprit, quote, diplomacy is never exhausted when it comes to iran and there is quote, no rush to respond to the attacks. let me shift it. we are also getting these headlines back home. president trump says he hopes that the strike that's going on at general motors thaticdn at midnight is a quote, short one. we do understand that at around 10:55 this morning, the two sides began speaking again. however, we don't see general motors stock recovering at the moment. it is still down about 4.33%. the road to retirement

getting tripped up by college debt. 47% of recent graduates are telling fidelity they are very worried they will never, not in years, they will never pay off their student loans which on average, run some $40,000 for most americans. 42% of respondents also going on to say that they wish they had started saving for college years earlier. college debt of course is one of the many factors weighing on retirees. unpaid student debt for those aged, ready, 60 to 69 years old, they are still paying it off in their 60s, has hit a major 85.4 billion dollars this year. that's a 71.5% jump over the past five years. something's got to be done here. horrific situation. up next, we are going to detroit for an update on the general motors strike. "the claman countdown" is coming right back. don't go away. we are watching the dow jones industrials, still down 142 points.

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your american eagle coins at cost for the amazing price on your screen. liz: breaking news. you're looking at picket lines from nashville, tennessee to bowling green, kentucky to arlington, texas and also toledo, ohio. the united auto workers kicked off a strike at midnight and here's what they want. a bigger share of general motors' billions in profits, including annual pay raises for employees. gm says it's offered a strong package including improved wages, better benefits, 5400 new jobs and more than $7 billion in investments here in the united states. this is the first time general motors has faced a uaw strike in 12 years. back in september of 2007, workers went on strike for two days after contract negotiations broke down. that company ended up filing for

chapter 11 bankruptcy by 2009. remember the big financial crisis taking down gm? but it reemerged as a new entity. this gm ipo'ed in 2010. general motors stock down nearly 5% at the low of today's session as its uaw workers strike across the country, after those contract talks broke down. to the epicenter of this strike, the motor city. grady trimble is live in the assembly plant in detroit three miles from gm's corporate headquarters. grady? reporter: three miles from here, that's where the contract negotiations are going on. they are happening behind closed doors but we have some information that we would like to break with you on this program. we are learning from someone close to the negotiations that today's meeting has been tense. the source describes the meeting as an exchange of words, to get back on track after the strike was announced over the weekend. a main sticking point at this point is gm's footprint in

mexico. the source says gm has the largest footprint in mexico out of the detroit three auto makers and so far has refused to bring back any production. that's a sticking point within those meetings but it's also something that union workers are bringing up. i talked to a worker here today who says the new version of the chevy blazer is being made in mexico and that's something that he has a problem with. >> more specifically, with gm deciding to build the blazer in mexico when it could easily build it in lordstown. the issue is they areuildin the car in mexico and shipping the cars up here to sell. reporter: union workers also point out the record revenue and profits gm has been producing in recent years, including $11.8 billion in 2018, for its part, gm says that it's put forward a fair offer which as you

mentioned includes billions of dollars in investment in u.s. plants as well as 5400 additional jobs here. this plant behind me here, a lot of these workers are set to lose their job come january of 2020, when the plant is set to close. they would like to see a deal in which this plant remains open but we will have to see as negotiations continue. liz? liz: maybe the stock price falling 4.5% might make management think twice about this. it's an interesting move here. we are watching it closely. grady, thank you very much. grady trimble. from striking auto workers to a striking upgrade. the closing bell ringing in 17 minutes. the dow is still floundering, down about 153. the nasdaq down 27. but hsbc is making a huge bet that two recent ipo companies are set to see more than 30% upside despite poor performance over recent months. what's behind hsbc's move? more on "countdown" next.

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liz: okay. forgive me, i'm now just looking at my headlines coming through once again. we have this breaking news from the oval office. u.s. trade representative's office has announced that the u.s./china deputy level trade talks are going to begin this thursday in washington, d.c. remember, we are waiting for tape from president trump's meeting with the crown prince of bahrain on just two-minute warning? we just got the two-minute warning for that. we will bring it to you any minute. a lot of discussion about u.s./china trade talks. the big boys, mnuchin, treasury secretary steven mnuchin and robert lighthizer, the trade representative, will happen a week after the thursday deputy

meetings. china's industrial production, i don't know if you heard this, the slowest in 17 years. that came out this morning. so both sides will be very interested in perhaps at least starting to talk about a deal. market action at the moment on your screen. we have the dow jones industrials down 142, s&p down 9, the nasdaq lower by 24. oil's spike is what's rocking the markets today. market's proverbial boat. two of the newest stocks on the street are rising above the tide. to deirdre bolton on the floor of the new york stock exchange. deirdre: if you look at uber and lyft, you will see where they are bucking the overall trend. look at these stocks in the green, against the tone of the overall market. hsbc upgrading both to a buy from a hold, saying it sees about 30% upside. you can see how they're moving there. regulatory concerns are priced in, ride sharing and food delivery can be profitable at scale. that is the point of view. interesting to note, though, even though hsbc did upgrade

these stocks, it did lower the price target. that usually doesn't happen. uber's is 44 cents a share, lyft is 62. back to you. liz: deirdre, thank you very much. we are now how many seconds? about 15 seconds away from president trump, who has just taken questions from reporters moments ago, after meeting with the crown prince of bahrain in the oval office. let us listen in. he's beginning i believe with saudi arabia and the drone attacks. >> he's a friend of mine and the country is a friend of ours. we are always going to be with them. i know they are always going to be with us. we have a tremendous relationship militarily but we have also a tremendous economic relationship, trade and we're going to be discussing all of those things. we'll certainly be discussing what took place over the last two days in saudi arabia. >> absolutely. >> and we'll be discussing the middle east. but our relationship has never been stronger than it is right now and i think that is largely based on the relationship that we have. so i look forward to having our discussion. >> thank you, mr. president.

great pleasure to be here. >> would you like to say something? >> i would like to say -- thank the president for receiving me and my delegation here today. i'm here to convey the greetings of his majesty and the people of bahrain, to strengthen the relationship which is based on shared values where they overlap and ideals. we primarily, as the president said, are going to ebbigoing to focus on discussions regarding security enhancement and trade enhancement. we signed today an agreement to purchase additional or purchase our first patriot missile battery systems and it couldn't have come at a better time. >> good timing. >> absolutely. we seek to strengthen america's ability to trade with the world and we have some concrete ideas on how we can do that. >> well, thank you very much. i look forward to the day and spending time with you. and thank you all very much. i will be doing a news conference outside in a little while, just prior to the trip. we're going to new mexico and to

other places for two and a half days, and many of you will be with us and i look forward to that, but in particular, i look forward to our meeting. >> thank you. >> thank you very much. reporter: have you seen proof that iran was behind the attack? >> it's looking that way. we'll have some pretty good -- we're having some very strong studies done but it's certainly looking that way at this moment. we'll let you know. as soon as we find out definitively, we'll let you know. but it does look that way. reporter: do you want war with iran? >> do i want war? i don't want war with anybody. i'm somebody who would like not to have war. we have the strongest military in the world. we've spent more than a trillion and a half dollars in the last short period of time on our military. nobody's even come close. we have the best equipment in the world. we have the best missiles and as you say, you just bought the patriot system. there's nothing even close. but no, i don't want war with anybody but we're prepared more

than anybody. two and a half years ago, i will tell you, it was not the same thing. and with what we've done, we've totally rebuilt our military in so many different ways but we've rebuilt it and there's nobody that has the f-35, we have the best fighter jets, the best rockets, the best missiles, the best equipment, but with all of that being said, we certainly like to avoid it. reporter: what are the options besides military? >> we have a lot of options but m not looking at options right now. we want to find out definitively who did this. we are dealing with saudi arabia, we are dealing with the crown prince and so many other of your neighbors, and we are all talking about it together. we'll see what happens. reporter: [ inaudible ]. >> say it? reporter: [ inaudible ]. >> well, i have no meetings scheduled. i know they want to meet. i know they're not doing well as a country. iran has got a lot of problems

right now, two and a half years ago and even a little bit more than that when i came in, it's hard to believe it's almost three years but two and a half to three years ago they were causing a lot of trouble and we'll see what happens, but we'll let you know definitively. as you know, there are ways to see definitively where they came from and we have all of those ways, and that's being checked out right now. reporter: are you set to meet with the iranians without preconditions? >> well, you know, there were always conditions because the conditions, if you look at it, the sanctions are not going to be taken off. so if the sanctions, that's a condition. that's why the press misreported it. the biggest thing you can talk about are the sanctions. sanctions are massive. there's never been sanctions put on a country like that. and i think they have a tremendous future. but not the way they're behaving. we'll see what happens in terms of this attack. secretary pompeo and others will be going over to saudi arabia at some point to discuss what they feel they are going to make a statement fairly soon.

but they also know something that most people don't know as to where it came from, who did it, and we'll be able to find that out, figure that out very quickly. we pretty much already know. reporter: [ inaudible ]. >> say it? reporter: you said the united states is prepared for war? >> the united states is more prepared than any country in the history of -- in any history, if we have to go that way. as to whether or not we go that way, we'll see. we have to find out definitively who did it. we have to speak to saudi arabia. they have to have a lot of -- they have to have a lot in the game also and you know they're willing to do that. i think everybody knows they're willing to do that. so we'll be meeting with saudi arabia. we'll be talking to saudi arabia. we'll be talking to uae and many of the neighbors out there that we're very close friends with. we're also talking to europe. a lot of the countries that we're dealing with, whether it's france, germany, et cetera, talking to a lot of different

folks and we're figuring out what they think, but i will tell you that was a very large attack and it could be met with an attack many many times larger, very easily, by our country but we're going to find out who definitively did it first. reporter: can you clarify, mr. president, when you said you think that iran was responsible for the attack, do you think -- >> i didn't say that. why do you say that? i said that we think w know w it was, but i didn't say anybody. but certainly it would look the most like it was iran but i did not say it the way you said. go ahead. reporter: do you think it was launched from iran? >> you are going to find out in great detail in the very near future. we have the exact locations of just about everything. you're going to find out at the right time but it's too early to tell you that now. reporter: [ inaudible ] the oil ices that are rising now? >> they haven't risen very much and we have the strategic oil reserves which are massive and we can release a little bit of that, and other countries including bahrain, but other countries can be a little bit more generous with the oil and

bring it right down. so that's not a problem. it went up $5 and that is not a problem. you have to remember, we're now largest producer of oil and gas in the world. so a lot of people in the old days, this happened over the last very short period of time, we're number one in the world by far. >> yes, you are. >> by far. so i never want to be benefited that way but the fact is, there are those that say we benefit. i don't view that as a benefit. but we are certainly -- we take in more money than anybody else from energy. not even close. reporter: do you still think it's the responsibility of the saudis to defend themselves? >> oh, i think it is certainly the responsibility of them to do a big deal of their defense, certainly. i also think it's the responsibility of the saudis to, if somebody like us which are the ones are going to help them,

i know that monetarily, we will be very much involved in paying for that. this is something that's much different than other presidents would mention, john, but the fact is that the saudis are going to have a lot of involvement in this if we decide to do something. they will they understand that fully. they are going to be, they are very upset, they're very angry. they know pretty much what we know. they know pretty much where they came from, we're looking for the final checkpoints and i think you won't be surprised to see who did it. reporter: [inaudible]. >> wee be discussing it. we'll be discussing -- reporter: [inaudible] >> we'll see the election is on tuesday. so,. >> tomorrow. >> tomorrow. you have an election tomorrow. i think it would be afterwards, okay?

but you do have an election. big election tomorrow in israel and that will be a very interesting outcome. it is going to be close. it will be a close election. reporter: chairman kim invite to you north korea? >> i don't want to comment on that. the relationship is very good. i don't want to comment on that. reporter: are you willing to go? >> i don't think it is appropriate for me to come? reporter: will you go to north korea? >> probably not. i don't think it is ready. i would do it at some time in the later future. depending what happens i'm sure he will love coming to the united states also. but i don't they it is ready for that. i think we have a ways to go yet. reporter: do you stand with the auto workers in the gm strike? >> i have a great relationship with the auto workers. i got tremendous votes from the auto workers. i don't want general motors building plants outside of this country. they built many plants in china and mexico. i don't like that at all. my relationship has been very powerful with the auto workers.

not necessarily the top person or two, but the people that work, doing automobiles, nobody has ever brought more companies into the united states. you know i have japan and germany and many countries have been bringing car companies in, opening plants, expanding plants and big things are happening in ohio, including lordstown, move positive things are happening. we have many plants that are being renovated expanded or built new right now in the united states, many more than we've had for decades, decades. nobody has been better to the auto workers than me. i would like to see it to work out but i don't want general motors building plants in china and mexico. this is before my watch. i don't think they will be doing that. i think i had meetings with mary barra, head of gm. and i don't want them leaving our country. i don't want them building in china. i don't want to build them in other countries.

i don't want these big, massive auto plants built in other countries and i don't think they will be doing that anymore. general motors makes most of its money in the united states and too bad they spent billions and billions of dollars outside of the united states before i got here. one of the things very important in the usmca which we have to have approved for, not only for the unions but for the auto workers but for the farmers and for the manufacturers, everybody, everybody wants usmca. it is very important even more so now than it was two weeks ago but people really want it. i'm sad to see the strike. hopefully it will be a quick one. reporter: [inaudible] >> no. it is never exhausting. in fact the crown prince can tell you, especially in your part of the world it is never exhausted until the final 12 seconds