after a three-year battle between britain and iran for control over iranian oil, iran is able to nationalize its oil industry. iranian oil finally belongs to the iranians. but it comes at a price. britain and the united states work together covertly to overthrow mosaddeq's government. britain because they fear the consequences of allowing mosaddeq to stay in power not just for their interests in iran but throughout their whole empire. and the united states because they fear that a continuation of mosaddeq's government would lead to instability and a communist takeover in iran. and so the role of outside powers in the fall of mosaddeq and the installation of the shah as an absolute ruler rather than a constitutional monarch very much undermines the legitimacy of the monarchy in iran and creates -- not only that, it also undermines the well of goodwill that existed for the united states in iran prior to 1953. and it's something that the shah never really manages to escape, no matter how much the substance of the u.s./iran relationship changes over the years, the popular perception of the shah

you get more iranian oil on the market, what's that do? pends, poppy, if the price of oil is reflecting the expectation of more iranian oil to come. if that's already built in, you don't see much happening. however, and i think it's not fully priced in. i think iran follows through with its commitment, to pump up, it wants millions of barrels of oil a day, the risk will be, of course, that the price goes down even lower. demand is simply not great. so poppy, the iranians are well aware of this. they know by all means, you're doing so at great cost. >> absolutely, richard quest live for us at the world economic forum in davos, switzerland. quick break, back with more in a moment. across america, people... ...are taking charge of their type 2 diabetes... ...with non-insulin victoza®. for a while, i took a pill to lower my blood sugar. but it didn't get me to my goal. so i asked my doctor about victoza®. he said victoza® works differently than pills. and comes in a pen. victoza® is proven to lower blood sugar and a1c. it's taken once a day, an

. >>> oil prices have fallen to their lowest levels since '03. the iranianuty oil minister said the country stands ready to increase exports by half a million barrels a day raising fears the oil supply glut could be said to worsen. after that stock markets in saudi arabia and elsewhere in the middle east fell after that news by iran but the news received a far more enthusiastic reception from the political perspective from the u.s. president. saying the iran deal demonstrates the strength of american diplomacy and makes a world a safer place. during the a speech another the bhous the president delivered this message to the iranian people. >> following the nuclear deal. you especially young iranians have the opportunity to begin building new ties with the world. we have a rare chance to pursue a new path. a different, better future that delivers progress for both our peoples and the wider world. that is the opportunity before the iranian people. >> just a matter of hours after the president's speech the white house announced the fresh sanction -- these are se

iranian oil to be added, sending oil prices to the bottom. you got it? clarence: those are good reasons. yep. john: you dispute that? eleanor: no, sounds about right. does your magic source tell us where we should invest? john: magic source is very concerned about some of this leaking out on an improper channel. eleanor: ok. john: he says you have it mclaughlin, but you know how to use it. french i.m.f., kristine he guard, she wants another term to continue to coordinate bailouts for country that is monitor economic reforms globally. britain, china, and mexico will support her. it's been led by europeans while the world bank by americans until recently. liability for legard. that's the big question whether it has been. we'll be right back with predictions. john: predictions for the panel. the f.b.i. will recommend that hillary clinton face prosecution for mishandling classified information. that's the f.b.i. yes or no? susan? john: elmore? eleanor: no. tom: yes. clarence: i'll say yes but she won't be indicted.

>> there's a lot of oil the saudis are producing a lot we're producing a lot and of course the iranian oil coming online. more price declines to come. >> reporter: the impact on the u.s. economy is mixed. the price of a gallon of gas, the nationwide average, is half the price of a gallon of milk. americans are also saving on heating oil and airline fares. but on the flip side, more than 250,000 people lost energy-related jobs last year. and for many, there's less money in the bank. since last november, the average american has lost about $9,500 in his or her 401(k). even so, experts say don't panic. >> you have to look at your fundamentals and you have to look at your plan. there's a huge opportunity here and some great, great american companies own. >> reporter: and last, buckle um. experts say volatility is back. so we can get used to seeing big swings in the market, like we saw today, at least until the stabilize. >> olivia, thank you. >>> a late development in a story we've been following here. michigan governor rick snyder released his e-mails related to the toxic water crisis in flin

international energy information warning tuesday about the boom in oil supplies, as sanctions on iranian oil are lifted. that could initially pump an additional 500 thousand barrels there's no strong demand for oil, the real story is the market could see these lower prices longer than analysts thought. <" "i know that goldman sachs and others have called for $20 oil and we've had some ridiculous calls for $10 oil but i just don't see it .> oil prices did rebound later in the week as weekly production declinded. the bearish oil picture is spilling into other markets. the s&p hit its lowest point in two years on wednesday, but it's not just the domestic market screaming red. the u-k's exchange closing down 20 percent from it's april's high. dubai hitting a 28 month low this week. japan falling to the lowest level since october 2014. as aregentine export taxes are lifted, it's opening the gate for more exports out of the country. the first vessel of argentine wheat left for north carolina this week, with a second vessel scheduled for next week. the u-s department of agriculture says that shipme

because the iranians by having their oil off the markets have lost a lot of market share and need to regain that back. the way they canning is by reducing prices. they're going to do na. the saudis have plenty of oil they're producing they can't get rid of. they're going to reduce prices. we know some grades or blends in the u.s. are trading. >> the supplyside of the story continues to be one of a global oil glut. now there are concerns about the demand side, as well. the international energy agency saying today it's keeping its demand forecast flat couple that with volatility and concerns about what's happening in china and the demand picture is bleak. supply and demand continue to diverge. what will happen to oil short term? if it holds under 30, it could skid to 27 pretty fast. i'm jacquie deangel lis. >> the chinese economy grew at its slowest pace in a quarter century. though the at a rate many countries would envoy. they reported gdp of it 6.9% growth last year just below the government's target of 7%, down from a year earlier. but the report a

oil prices. the big question is, by year from now, two years from now, if they don't have the same economic urgency, are they going to adhere to the deal? katty: we see the iraniansnnouncing that they are going to boost oil production. if you look at the internal politics of what is happening, what is your gut? which way do they go? are they moving to embrace the international community and the closer economic ties, or do you think there will be a backlash against it? >> it can be both. there is going to be this fight in iran between civil society and the vast majority of the population that wants better relations with the u.s., and for lack of a better term, the lack of civil society, the revolutionary guard, the deep state that is deeply entrenched and wants to maintain the status quo. they have a monopoly of coercion, and they are willing to use it. this battle will play out over many years. katty: thanks very much for coming in. a busy weekend. that is the complicated politics inside tehran, but the impact of sanctions being lifted against iran is being felt around the world, particularly by iran's neighbors. with banking restrictions eased, businesses in afg

they're now going to be able to sell unlimited quantities of iranian oil on global markets again. and european and asian companies are going to be investing 10s of billions of dollars into the iranian economy over the coming months and years. >> john what is the impact of the release of the iranian oil where they're now going to be able to sell it on the global market again? what impact does that have? >> well the only saving grace, of course is that the price of oil on global markets is at a very low number right now. but everything the iranian gets from being able to put additional barrels of oil on the global market is going to go to the iranian revolutionary guard that controls all the strategic sectors of that economy. and this is money just as with the 100 or $150 billion cash windfall they're going to get. a huge percentage of that is going to go into the iranian revolutionary guards wreaking havoc across the middle east undermining and interfering in the details of our allies attacking israel and of course spreading chaos in places like syria and yemen. >> let's just talk a

first there's overproduction by saudi arabia which has opened the spigot in an effort to hobble iranian oil which will start soon once sanction he are lifted following the iranian deal. while saudi arabia can take low prices for a couple of years, that is not case for nigeria, hurt by cheap oil, and wants an emergency session of the cartel opec. add to that the massive slow down in china's economy and can you see the problem, far too many countries at risk of going under. >> the markets are telling you that it's a reasonable risk that money was so easy by central banks for so long that companies got money that shouldn't have been able to borrow money, now the economies are changing might not be able to pay that money back. >> is there a perfect price for oil that will keep motor ifortss happy? >> most people think a price between 50 and 70 per barrel could work for everybody. >> long weekend, martin luther king, jr. day on monday, that's one of the reasons for the selloff as well, investors keen against holding worthless pieces of paper, in case anything untoward trading happens asian tradi

companies want to know what better terms they will get if they were to import more iranian oil.f iran does say -- we will give you a discount, will saudi arabia and others follow suit? manus: thank you very much. annt trading at over two and eighth this morning. the expansion of iron ore expansion. in the wake of slumping prices and the market glut, rio tinto is facing the same issues. witho finally joining in an honest admission that it is time to cut production. ryan: i love the iron ore market. what we are starting to see is that they are paring back their production expansion. it is a little bit different. looking at the fourth quarter, they produced by one measure about 87 million metric tons of iron ore. we spoke with six analysts going into today's report and the wase of expectations 88,000,000-100,000,000 rio tinto produced less than anyone was anticipating last quarter. the company in a statement yesterday said we are going to reduce 350 million metric tons this year. that is not a cut. it is a paring back of the production expansion. that would mean an increase of abou

which is that saudi arabia and iran are at odds and saudi arabia says that there is not room for iranian oiliran says it wants the market share back, and they need to get together, unless, and this is what we're saying, and we need to make sure that this happens and even the russians will get a cut. >> are production cuts really realistic? >> for me, i think this is more of a meeting and for a chance to sit down and talk. everybody emphasizes price, but price is really not the issue. >> what is the issue? >> it is about the future of the oil industry, the future of the oil business, so it is a whole lot more than price. what, for example, is the matter the signal we are sending about -- we need to balance the interest. i don't think a cyclical downward turn it will show up tomorrow as a major upward movement to affect the economy. everybody has agreed on one thing -- prices today are not good enough and there is a lot of stock in the market. opec cannot do this all alone. what we need to do, we need to get opec and non-opec members and they need to talk. , >> i spent a large part of my caree

iranian oil to be added as well, sending oil prices to the bottom. you got it?larence: those are good reasons. yep. john: you dispute that? eleanor: no, sounds about right. does your magic source tell us here we should invest? john: magic source is very concerned about some of this leaking out on an improper channel. eleanor: ok. john: he says you have it mclaughlin, but you know how to use it. you betcha, i'm with you. issue five -- hold the water. president obama voted a congressional resolution challenging the "clean water rule" established by the environmental protection agency, the e.p.a. the rule asserts that "small waterways" fall under federal authority. president obama says he is veto is necessary for water quality protection but many republicans and some democrats disagree, saying his rule will hurt farmers, construction companies and local governments, forcing them to seek permits before dealing with a localized water supply entity. one such opponent, republican senator fromive joni ernst says "we all want clean water. this rule is not about clean wat

i see we hold the strings to the puppet and say hold back from flooding everybody with more iranian oil for now, and then they look like they have more power over the rest of the opec players? >> well, it's certainly possible, in fact. iran, if the sanctions are lifted will have access to $100 billion in banks, so they may feel they don't have to sell oil right away, but the indications coming out of iran is they really want to start selling the oil that's stored on tankers, and there's about 30 million barrels of that stuff that's ready to hit the markets. liz: you know when you talk about oil stored in tankers, we need to tell our viewers, they have run out of storage. we're topping off pretty much here in this country here too. there is not a lot of storage left because there is so much pumping. they are now storing it on big floating tankers off the coast of iran. therefore, they got to move that stuff out. they're going to do it at a loss. what price do they need to see oil before they breakeven? >> a little less than $30 a barrel, they're one of the low cost producers like saudi a

an international ban on doing business with iranian banks, the import of iranian oil and the freeze of its government and private assets had attributed to sluggish, even negative, growth. that strangle hold is finally being loosened. >> the lifting of the sanctions will, first of all, have a very positive psychological impact, will compel a lot of the investors in the iranian economy, foreign and domestic investors who had either been part or basically were in a waiting mood, to start their investing activities. >> reporter: the iranian government agreed to limit development in exchange for return energy and financial market. it will be able to access billions of assets stuck in foreign banks. iran's president has said he want to attract foreign investment, expand the oil and natural gas sectors and promote more diversified economy. the deal could not be better timed with parliamentary elections scheduled next month. >> translation: i tell the great iranian nation that god willing the sanctions will be lifted in january and the government will fulfil one of its election promises, the c

the embargo on iranian oil is coming to an end.this paves the way for half a million barrels of crude added to the exports, and adding to the current glut of supply. this will have major implications. it is the wrong time to be around to be returning for the market and the world, says one analyst. that will put even more pressure on the price of oil, which has dropped 70% since 2014. just a year and a half ago and the oil price was 115 euros 115 u.s. dollars per barrel. since then the price has been collapsing. how low will it go? today you dropped below $28 a barrel. analysts because a knee-jerk reaction to iran. the oil prices have also had the stock market. earlier i spoke to dw's correspondent in frankfurt, and asked if there were concerns that the situation could get worse. >> keira knightley yes, but i think that -- theoretically yes, but i think we will see a correction. many saw a price beyond $200 a barrel, and they expect a price far below $10. it is a matter of fact that listing the international section could worsen the

ed lifting of saks, with will bring will ams of gallons of iranian oil. the price of crude oil fell below $30 to a 12 dreer low. the dow dropped another 390 points. to are more on all of this, our business analyst jill schlesinger joins us. let's first talk iran. what is the immediate impact now? >> they are already pumping and bringing oil to market it is expected that there will be 300 to 500,000 barrels a day from iran. that's on top of the million barrels right now a day that is in surplus. more oil than we need. that's why crude oil is down so dramically. down 10 and a half percent this year. that comes after 30% last year, 46% the year before. >> glor: meaning cheaper gas prices but also a lot of questions. middle eastern markets plunged overnight. american markets had a terrible week last week. we are closed on monday but reopen on tuesday, they are all in correction territory now, what are we expecting. >> we will have a lot more volatility and the big question is whether this 10% down, the correction, turns into a full blown bear market that is a

brings iran back into the organization of petroleum exporting countries and increasing amounts of iranian oil into the equation for years to come. senator lisa murkowski: "it's been a tough, tough 18 have seen shell obviously lay off almost all of their folks up north." senator cory gardner: "while we have been very proud about the fact that we've increased our energy production, it's not without its challenges as a global supply situation works through some significant gluts." sieminski said while the outlook for coal and crude oil is not so bright, the eia predicts natural gas production to pick up in the next two to three years. reporting in washington, i'm peter zampa. another travel option is in the reno area. and it could provide new opportunities for a lot of people. everything you need to know to take advantage. if someone told you to get out of your home--- ?would you? ?what if a steep cliff eroding away? happening, and some of shock you. plus, chief meteorologist jeff thompson has your forecast. johns, noah bond, weather with meteorologist jeff thompson, and sports with josh little.

oil prices are down below the key $30-a-barrel level - on mounting concerns about iranian supplies adding to a global glut. international sanctions against iran could be lifted as soon as this weekend, which is likely to lead a influx of iranian oil into the market. intel posted fourth-quarter results and 2016 projections that were mostly higher than expected. pc chip revenue year-earlier quarter, but revenue from intel's data center group which includes sales of chips for used for cloud computing and where it has been focusing its growth - rose a less than expected more. an artist in queens has found a use for those discarded christmas trees that are no longer needed now that the holidays are over. his installation is different from previous years when he's done something similar. our roger clark joins us today marks 7 years since the "miracle on the hudson." on january 15th, 2009, us airways flight 1549 made its emergency entry into the hudson river. it had just taken off from laguardia airport when a flock of geese knocked out its engines. captain chesley sullenberger safely ditched th

they said once they believe the market takes into the account iranian oil, oil could be trade this year. they're calling for major bottom in oil here. i agree with them. if you look at history we should be a near bottom. nicole: phil flynn, price futures group. you're amazing. thank you for joining us. >> thank thank you, guys. lauren: new poll find bernie sanders leading hillary clinton in iowa. latest cnn poll says the vermont senator gets 51% while the secretary of state, 43%. on gop side, donald trump is leading hawk way state with 38%. with ted cruz at 16% and florida senator marco rubio at 14%. ben carson at 6%. speaking about support from the republican establishment. >> i want to be honest. i received some phone calls from people called establishment. generally speaking conservatives, republicans want to come on to our team. the polls came out as you saw in iowa where i'm up by 11 points. we're getting calls from everybody, actually amazing. i'm actually surprised. lauren: iowa caucuses held february fist. nicole: ahead of the leadoff caucuses hillary clinton is sharpening her a

. >> meanwhile the lifting of sanctions will bring millions of gallons of iranian oil into an already flooded market. that means cheaper gas prices but also a lot of questions. middle eastern markets plunged overnight and american markets as you know had a terrible week last week. experts say expect a bumpy ride for the u.s. economy. cheap oil is adding to losses in local businesses like republican u.s. steel, which makes steel tubing for pipelines. both companies announced lay wrofs at plants in lorain earlier had month. a consumer alert now, sure you didn't win the powerball but you don't have to give up on your dreams like marching into your boss' office and saying hey, i quit. turns out there's no better time to land a new job than january and february, when hiring budgets are healthy. experts say stop day dreaming that resume and linkedin profile too. were you hoping to get a new house or new car? forget the ferrari, but that doesn't mean you can't start working towards buying an affordable car. an app like mint can help you set that goal and start putting money aside. right now

they are worried increased iranian oil output will worsen the market glut. sanctions are expected to be lifted in the near future. >>> taiwan's opposition leader tsai ing-wen appears to command a strong lead going into the election, but experts say the size of her win and the number of seats her party takes in legislative elections could have a big impact on ties with china. nhk world's naoki makita reports from taipei. >> reporter: ruling candidate eric chu has battled strong headwinds ever since he entered the race in october. national party leader chu is holding his biggest rally of the election campaign. he's asking supporters to stick together until the very end. chu mobilized more than 70,000 people in taipei. >> translator: peaceful cross-strait relations are vital to ensure the people of taiwan have both social stability and economic prosperity. >> translator: taiwan policies on china are really vague. we're afraid of what might happen to taiwan if she becomes president. >> reporter: staff from the camp have used deep campaign war chests to run adver

. `` the saudis are `` producing a lot and we `` are producing a lot `` and we have the `` iranian oil coming `` online. `` so there are more `` price declines to `` come. `` >> the impact on the `` u.s. economy is mixed. `` the price of a gallon `` of gas, the nationwide `` average is half of the `` price of a gallon of `` milk. `` americans are also `` saving on heating oil `` and airline sales. `` but on the flip side, `` more than 250,000 `` people lost `` energy-related jobs `` last year. `` and for many, there is `` less money in the `` bank. `` since last november, `` the average american `` has lost about $9,500 `` in his or her 401(k). `` even so, experts say `` don't panic. `` >> you have to look at `` your fundamentals and `` your plan. `` there is a huge `` opportunity here in `` some great, great `` american companies to `` own. `` >> reporter: and `` lester, buckle up. `` experts say volatility `` is back. `` so we could get back `` to used to seeing big `` swings in the market `` like we saw today. `` price of oil starts to `` stabilize. `` lester. `` >> thank you. `` >>

how much of this is iranian oil, how much can it be shipped out, what kind of oil is it?hing like 45 million barrels of fuel stored in these tankers. what does iran do with it? be: do people expect this to a story about the price of oil or the spread between wti and brent. parity isink the where we will stay in the near term. joe: we've been talking a lot about government that lately. last night, the japanese 10-year government bond yields hit an all-time low. this trade is called the widow maker, the year the japanese government debt as a unsustainable.is not only is it unsustainable, but it keeps being sustained. the widow maker trade continues. i will stay with asia. as investors unload asian assets, hong kong feels the pain as well. decline down in the offshore rate. it is just off a five-year low. whenever there is a scare, it's only a matter of time before someone says lee hong kong p eg is under threat. -- the hong kong peg is under threat. this chart probably exaggerates it. joe: can you blow that out to the five year? scarlet: i don't know if it would change anyt

. >>> the lifting of sanctions will bring millions of gallons of iranian oil into an already flooded market. the price of crude fell below $30 friday to a 12-year low. the dow dropped another 390 points. for more on all of this our business analyst jill schlessinger joins us. first iran, what's the immediate impacts now? >> they are already pumping and bringing oil to market. be 300,000 to 500,000 barrels a day from iran. that's on top of the 1 million barrels right now that is in surplus. more oil than we need. that's why crude oil is down so dramatically. down 10.5% this year. that comes after 30% last year, 46% the year before. >> meaning cheaper gas prices but also a lot of questions. middle eastern markets plunged overnight. american markets had a terrible week last week. are closed on monday but reopen on tuesday. they're all in correction territory now. what are we expecting? >> we're going to have a lot more volatility and the big question is whether this 10% down correction turns into a full-blown bear market. that's a 20% slide. we haven't been in a bear market in seven yea