the thinking was that eia is probably not going to be near that number.pending on the week. was 12.8 million barrels, the largest draw we have seen in the past three years. oil topped on that news and has come back a little bit then's, but it is doing better now, even then it was 24 hours ago. if you think about how the crude market has been for the last four weeks, the end of may was when we started to see the price decline. so it feels like you are coming out of the other side of that trough. when we talk about the eia report, was this a domestic demand issue contributing to this? i also saw there was a lot of excitement over the export numbers. so if we try to an capture everything that has changed about the oil market, encapsulate, one of the 2 -- at howare trying to look the oil market has changed, the export number from the u.s. is the most remarkable thing. we are looking at the potential of having an entire month now -- we only have a few weeks of data, but an entire month where the u.s. has exported 12 million barrels of oil a day. that is insane

especially considering, i don't know what's going on with the eia. they're supposed to know everything. they predicted a drop of several hundred thousand barrels. instead, we got a build. facebook is on tract to a six-day winning streak, the company uncovered internal e-mails that appear to show ceo mark zuckerberg was aware of problematic privacy issues. then on top of that, stock falls 2%, look at this oddly compelling video. it looks like him, sounds like him but it's altered and fake video of mark zuckerberg sitting at a desk, saying things he never said about facebook's power on millions of its users, which this video uploaded to instagram, an advertising company intentionally altered and original video from a 2017 address he gave on russian interference in facebook's operations to make it seemed like he was ready to control the future. all of it is fake of course but they did it to underscore the issue with fake videos that are all over facebook. talk about turning the tables, facebook got flak for a video of nancy pelosi to stay up. at the tim

we had eia report earlier this week and opec reported they will report tomorrow. probably going to revise growth down as well you know, growth and oil demand hit the skids in the first quarter but going to be fine, later in the year, it's going to come back. the series of trade wars and macroeconomic problems combined with some patchy data we get in april and may, it's hitting the skid focused on this demand downturn and what it can do to oil prices and suddenly out of the blue, the geopolitical risk to the other side. >> how do you deconstruct in what's gone on in terms of who swrou would have the motivation for the attack >> abe is trying to get the off ramp and the japanese tanker struck my view, we're likely to see escalation over the summer more incidents like this from the iranian government standpoint, the us sanctions are designed to call their economy to collapse and to elicit regime change we say we don't want a war but actors in iran, the revolutionary guard but are willing to push the region to the brink of one in order to get the united states and our

not quite eia but going in that direction were constituent rights and as a butler phase, the computer will say you are writing about immigration on this topic. and, that is something you would worry about from wisconsin. >> reporter: we have lots of them, remember. >> it would look at that and propose a response. that increases the speed in which they are getting a response back from the office. >> and last question, doctor you brought this up. the contacts to come into the office are screened because they have to have a zip code that is from the district. i love facebook live town halls. if i'm not home, is a good way to do the town hall. i think some of us have talked about this. do you talk to your constituents for real? based on the life town hall, it can be anyone from around the country who response. is there a tool out there that deals with people, you know they are your constituents you're talking with? to make sure. facebook has something called a townhall function. and, they have constituent badges. people can lie but they can't sign up to be the constituent of 535 members o

i do not know if you follow the most recent report by our own information administration, eia, but theyting u.s. production will increase through 2019 and 2020. producing as much as 30 million barrels per day in 2020, and i think that brings a wealth of stability to the market itself. kathleen: how disruptive could this get? not owning these attacks. we do not know what will happen next. just a month ago, there was another tanker attack, so i think it has everybody on alert. if this continues, how bad could this be for the global energy market? dan: i think what you are seeing is a stable market. we could replace much of the oil we would lose from any disruption from iran or even other countries in the world, be it venezuela or others. we are in a very good position worldwide with regard to oil production, so whether iran will continue its malign behavior is really for them to decide, but i can tell you from an oil market for active, we are less concerned about those activities than we were 20 years ago. kathleen: certainly a good position to be in. see something continue -- that is som

the rise to geopolitical tensions will lead to a short am of the global oil market and tomorrow the eiarnational energy agency will reveal its forecast. they want to know if the iea will join the administration and opec in cutting its outlook for oil demand growth and what the ongoing trade dispute between the united states and china mean for prices oil up 2% today and lower by 14% in the last one month. wilf >> seema, thank you very much. investors will also digest some big consumer data and sara has a preview of that. >> so investors will get another read on the state of the consumer tomorrow. may retail sales set to be released economists are looking for a rebound and overall sales to rise by .6%, remember, in april they declined.2% if you take out autos, though, which is a big part of the comeback story sales are seen at 0.3% and june dipping to 97.3 down from a hundred in may we're expecting a healthy snapshot of the consumer and anything much worse will help the case that the fed has to pivot next week in its language toward pointing toward an easing and anything much, much better

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. >> you know what else came out iea on with eia opec cutting complan for oil this year fear of slowingoil prices going up because of geopolitical tensions could they come down further because of weakening demand. >> i am not surprised at all i don't think the market is either listen geopolitical risk of a barrel of oil has been moved been removed he several years opec plus one or two whatever countries they try to get in talking about doing supply cuts, right we know there is a glut of supply out there, so it is going to take moern just iran kind of saber-rattling to really get the price to move on geopolitical tensions. dagen: cop story speaking of tens tariff concerns how about that, tariff tens hundreds american companies walmart costco target sending a letter to president trump opposing tariffs larry kudlow speaking yesterday about the upcoming g20 summit potential meeting between president trump and chinese president xi xi listen to kudlow. >> president trump indicated strong desire for a meeting. but the meeting is not yet arranged, formally he also indicated that if the meeting

lancaster: if you look at data provided by wwf, global witness, and eia, you find that not only are we going into a record-breaking year of land defenders murdered to protect their forest and environment, the u.s. economy is depressed by about $1 million due to illegal logging imports, and illegal logging is the third-largest trans-national crime. goddard: a tree, in fact, is more complex than we know. it has more chromosomes than we have. it can easily be a victim because it may be illegal to take that species, depending on what genus and species it is or where it's located. lancaster: trees can be poached just as any sort of traditional wildlife can be poached. if you can't identify it, you can't protect it, and so our goal is really to develop a database that can be used, hopefully one day, by anybody in the world in order to do this sort of identification to help them fight illegal logging. huff: a lot of cases we've had, it's very difficult to prove that wood was obtained illegally once it gets processed in a mill or once it's removed from the national forest. basically, we have a