clear that they have an opec agreement. the agreement runs through now 2026. to get that agreement, everyone to agree to it. agreement right now. able to make the massive investments in the united states? and foreign spending? donald trump has also said that bringing down the cost of oil will speed up the end of the russia—ukraine war. well, i think from his standpoint, he looks we did not essentially go after the key producers early on. and you give ukraine the weapons, that is a recipe for an extended war, not a short war. so i think what president trump is basically honing in on is, can you essentially close the russian oil atm? helima, we've seen donald trump trying to increase fossil for things like... wind. ..wind energy. yeah, exactly. interesting to see is, you know, the united states has mentioned, we've had, you know, discussion of ease of permitting for fossils and yet restrictions to be allocated... so, what does that do to the overall trajectory of the development of renewables? and what i think the hope of the climate lobby had been in the united

let's donald trump's, them on to the opec plus group. the us president says the move will deprived russia of energy revenue and helped to end the war in ukraine, but will it? and inflation has with tons of japan up to decades of stagnation cub that the central bank has raised borrowing cost. but will the measure from foot gross even further? organization on track for a rebound, the hundreds of thousands of displaced palestinians have made the way back to the north of gauze. of many of them would have homes or businesses to return to israel's 15 months. wall on the strip is reduced in time neighborhoods to revel health care, education, roads, agricultural land, and most utilities like full size electricity, sewage and communication systems have been destroyed. the destruction has hit the very fabric of palestinian life in gaza setting package development by 69 years. according to the un, rebuilding the devastated strip is expected to take decades and cost tens of billions of dollars. but how will return these cope until reconstruction get

but again, the challenge is, for the opec countries, want to see $50 oil. own economic self—interest? his calls being received there? everyone to agree to it. can you explain how that might work? well, i think from his standpoint, he looks at what has allowed russia to continue fighting this war. ukraine the weapons, that is a recipe for an extended can you essentially close the russian oil atm? but he's also trying to reduce permits for things like... interesting to see is, you know, the united states has we've had, you know, discussion of ease of permitting to wind, ev mandates potentially being ripped up, so, what does that do to the overall trajectory you could essentially build a coalition to keep it's going to be the case. so, i do think it's a very interesting question to think about. on these climate issues? will it move obviously to europe? helima, before we go, i want to put you on the spot. yeah. well, i think the challenge is, you really cannot divorce and i could tell you where the price is going to land. it looks like we will see significant growth potentially thank you.

to supply lav asking opec to supply in asking opec to prices low.il prices low. this is something that have control doesn�*t actually have control canada actually doesn�*t actoally have control canada actually being the —:: of foreign 77 of foreign oil biggest source of foreign oil imports to the us, they imports to the us that want 7 . w... w, . e. 4 imports to the us theyheeezte we . ,,, we. . 4 million iraoerts to the us twiazeert— we — —~ ~—— — 4 million barrels of oil a some 4 million barrels of oil a day canada, so there is day from canada, so there is concern that this would cause some supply and some supply disruption and could lead to higher some supply disruption and could _ higher- some supply disruption and could 1- high— some supply disruption and could hiuh , ' ., ~ for now, prices. 2522572??? s for now, kee m 7and7 and we 7a7nd7we7wil7l77 7 7 77 7a7nd7we7wil717talk7 7 7 7and7we7wil7l7talkto77 7 7 and we7will talk to7you we will talk to a senior analyst at city now. what do you make of what has gone on analyst at city now. what do you

opec planning to do production cuts. does this change things meaningfully meaningfully for opec.n i'm seeing some reports out rystad one of many saying they believe that these tariffs are going to be short lived. how does opec view this. >> i think opec. >> as they. >> think. >> about how you manage. >> production going forward it just adds to uncertainty. we have sanctions that are being imposed on countries like russia. potentially more sanctions on iran. and now you have to factor in what is a tariff effect on demand on key producers. so if you are opec and you are seeing all this policy coming out of washington, i think it reinforces their desire to watch and wait to stick with the production plans outlined in december and not to make sudden moves in terms of increasing production, because, again, you don't know where this is going to land. there is so much policy uncertainty right now emanating from washington. >> all right. so speaking of we don't know where it's going to land. what happens to those canadian and mexican crude exports that are being tariffed here. do they go

opec is meeting later today.to lift production and bring prices kept steady by production curbs last year. also in focus are the tariffs on us energy imports of the oil us refiners process into fuels such as gasoline and heating oil. the author of the elon musk biography has said that the ceo of tesla will go too far when it comes to the conflicts walter isaacson says that while elon musk a year. business correspondent, isaacson discusses what the trump administration means for elon musk�*s business it cuts both ways, i,mean,. ,, a , , two years ago. in my book, i show exactly how he has an algorithm so he can manufacture a million electric vehicles when general motors so, you pull him away from that, on the other hand, by being in the administration, whether the national highways safety board or the other regulatory agencies, he gets to barrel forward. stock, which is what it is, it is stock that will involve ai, robotics and self—driving cars. but can the richest man in the world avoid such big to heading up do

gets from opec. and analysts have warned that you could quickly see an impact to gas prices, particularly in the great lakes region. rocky mountain midwest, because without that canadian oil, you could see gas prices go higher. and so that's probably why president trump last night said that the canadian tariffs on oil would only be 10% instead of 25%. it's an acknowledgment of the risk here around prices. and so, fredricka, now we wait for details here and we wait to see if trump can go big on tariffs without causing a big increase to prices. >> well, either way, that list that you just gave that impacts americans every day. something on that list impacts your life. >> absolutely. and i think in particular we're talking about the grocery store. that was just a major frustration this election. and yet there's just so many goods that we get agricultural goods from both canada and from mexico. when you think about the amount of money that you're paying at the grocery store or at restaurants, there is th

that's four times as much from opec. and gasbuddy is warning that we could see noticeably higher gas prices, particularly in the midwest, in the rockies, in the great lakes region, we see 5 to $0.20 per gallon increase. and look, john, if there's anything we learn from the last few years, it's that americans do not like higher gas prices. >> all right. matt egan, thank you very much for that. with us now, cnn political commentator scott jennings, former senior adviser to senator mitch mcconnell, and karen finney, former senior adviser to hillary clinton's 2016 campaign. scott jennings, favorite son of kentucky kentucky has largely spoken overnight on what it thinks about these tariffs. i want you to listen to the senior senator from kentucky. your former boss, mitch mcconnell. >> it will drive the cost of everything up. in other words, it'll be paid for by american consumers. i mean, why would you want to get in a fight with your allies over this? >> and, scott, your junior senator rand paul, said tariffs are simply taxe

a busy week here in europe, with a slew of pmi and inflation data from the eurozone, along with an opec meeting set for later today. on tuesday, we will again hear from alphabet of the magnificent seven. we're also going to be keeping an eye on israel, where the prime minister, benjamin netanyahu, will become the first foreign leader to visit the white house under the trump administration. we'll get more pmi data on wednesday, and mainland china markets will reopen for trade after the lunar new year holiday. thursday will bring adp's latest u.s. employment report and amazon earnings, along with, of course, as i said, the bank of england decision. and we will round out the week with non-farm payrolls on friday. germany's christian democrats will gather in berlin today for their election summit, just days after the party's controversial bill calling for stricter migration laws was rejected in the bundestag. friedrich mertz, the cdu cdu leader and frontrunner to become the next chancellor, had been willing to use the support of the far right to push through the bill. anita, fascinating stu

amrita: today is not an opec ministerial meeting. it just takes stock of where fundamentals are.ve maintained our view that they would have to see the supply destruction, not what is happening right now before they change course. we maintain the view that the earliest -- jonathan: brent crude up by 1.7. about $77 per barrel. annmarie: this will be a big deal with those landlocked states. canada implicit in trump's 10%, he realized how important that is. nearly 500,000 is coming from mexico and they are getting to 25%. where do they go? maybe as far as i rock -- iraq. we may have to get creative when it comes to these trade routes. jonathan: it could be pretty immediate. this could be one of those where it is pretty fast. lisa: a reason why it was just a 10% tariff. will canada turn to these exports to the united states and have retaliatory tariffs? that would be the nuclear option. jonathan: i want to hear from the treasury secretary. i really want to hear from governor waller of the federal reserve who believes these tariffs won't be inflationary. i would love to have it faced t

and the saudis and opec plus today maybe not. >> and we talked to we i mean darren woods and mike worthorth didn't really say much when we asked him about it last week. but i don't know. they were turning a lot of capital. i mean, you saw exxon and chevrons earnings on friday. they are continuing to and they talk about return on capital. not that they are an increase in production. i don't. >> think they're going to produce much more because that's their whole 3. >> million would be a lot off a $13. >> million returns. >> a million barrels. >> they all have. they've all tried to keep their production down because they want prices up. >> that's what they do. meanwhile it. >> is i wouldn't buy it. would you buy any of these. >> in a sea of red? it is largely the domestic companies, as you might imagine, that are beneficiaries. at&t shares are up 1.4%. verizon terrific tmo right. you know you're doing a lot of domestic wireless. maybe people. >> want to just they want to buy instantly. they can't even team t-mobile. yeah t-mobile is great. but you have to like go pay up three i mean you kn