there is a lot of cables clustered in the red sea and there was a ship hit by houthi rebels that dragged these pinch points. certainly, ai, we have heard the huge investments being made by these companies in al, they're all trillion dollar valuations now and they're laying down the infrastructure that can ensure they can maximise the investments over the years ahead. thames water has won a crucial high court battle to secure a rescue loan, that would stave off the prospect of a debt—laden company coming under government control. uk's largest water and waste company it would the end of march and it would likely have been placed into a temporary likely have been placed into a tempora earlier few: w , likely have been placed into a tempora earlier i eer w , likely have been placed into a tempora earlier i spoke .— , likely have been placed into a tempora earlier i spoke to ,. , q~ , jg,;:::,,, ,-, ,., loan they prices more. the for will over to israel the of on six captives and we can tenet this be the on too toureyeareoid a less of [egos of the men who z—e—a very very the going to be an a

ttkeeplng a t7t7kee7pinga 7 eye 7t7kee7pinga 7 eye o7n 7t7kee7ping a 7 eye oh the sea t that is also red seaeveryone around difference to everyone around the world working with containers of goods. the owner ofjim beam whisky — suntory — has warned donald trump's tariffs may lead to starting to get a sense of the impact is having on impact this is having on businesses. more on the website. but that is how your business looks right now. see soon. welcome to the bbc sport centre. in the first one day joe root, playing in his first 0di since the 2023 world cup made 19. they very nearly had the perfect side but alexander isak goal was ruled out for offside. but it didn't take long, a rebound in the 19th minute after isak�*s s shot hit the post. the decisive blow. unbelievable. happy for the team performance.

the red sea is open and the price should come down 5, 6, $7 a barrel because of the red sea being openhouthis better not dare, dare even go near another ship because he'll go in there, wipe them out. maria: go ahead. >> what happens if we do intervene in the middle east and the gaza strip specifically? do you think will flair up the price of production and this whole -- this is a great track you have us on to get to zero inflation but i'm concerned with that development. >> no, i don't think so. i don't think the houthis or iran dare do anything contrary to president trump's opinion right now. they don't have a chump in the white house anymore. maria: i agree. i think resistance will be harder this time. people resisting president trump. >> we were talking earlier about the old teddy roosevelt theory, carry a big stick. hopely you never use it. if people see you have a big stick, they think he might use it. >> this is a different president. knows how the sausage is made. he's not rerunning. this is the one we've been waiting for to deal with this stuff. maria: did we cover everything?

finally, iranian support for proxy militias, first and foremost, the houthis and their challenge in the red seaident wants to see the saudi deal. the saudi deal is about far more than normalization with israel. although that is a vital part. the previous administration, this administration want to see this done. but here we come to the challenge. the door through which you move to a saudi deal has been outlined by mohammad bin salman on and senior saudi officials. the recognition by a commitment on the part of the government of israel to a credible path to negotiated permanent status resolution. that has been beyond difficult for the prime minister to accept. let's turn to gaza and the challenges to get to a day before that allows anything other than misery and the continued hamas active assertion of authority on the ground as we solve -- saw during hostage releases. you will need the political horizon because any involvement by regional states, the united arab emirates, the saudi's, egyptians, moroccans or others, in either stabilizing gaza or contributing to its reconstruction, a task which t

it's a red sea. [cheers and applause] it's all about the kansas city chiefs.- are you guys going to three-peat? [cheers] it's all about this, ladies and gentlemen. i'm holding the actual trophy from last year when the kansas city chiefs beat the san francisco 49ers 29 to 22 in overtime, remember that? [cheers] and, of course, all these people have shown up this morning. we are in a place called chicken n pickle. everybody knows i love pickleball, right? i have been hearing about this place. if you are in the kansas city area right now we can play pickleball absolutely free this morning. they have got open play. they have got ping-pong and stuff like that. and they got some great food and, once it's about 6:00 a.m., they will open the bar. [cheers] >> steve: why did you cheer for open the bar? >> it's 5:00 somewhere. >> steve: yeah, that's 5:00 a.m. >> we're ready. >> steve: the town is absolutely ecstatic about what is going on with the kansas city chiefs. never in american history has an nfl team done three super bowls in a row. this could be the time this we

. >> red sea last year. then you are actually able to see. >> not only problems. >> but a lot of. >> the silver lining also. >> astrazeneca tops. >> fourth quarter revenue. >> estimates and. issues better than expected 2025 sales guidance, driven by. >> strong demand for its cancer drugs. and the bank. >> of. england is widely expected to deliver a quarter point rate cut the. >> third of the. >> cycle, with markets also eyeing a potential downgrade to growth forecasts. join us for an interview with governor. andrew bailey at 1600 gmt. a very good morning to you and welcome to the program. >> we're now. >> about an hour into. >> the european trading session. >> and we're off to a strong start. building on yesterday's gains, the main benchmark. >> stoxx 600. >> yesterday added about 0.5%. and this morning you can see. >> we're up about 8/10. >> of a percent in early trade. >> this follows back. >> to back gains on wall street. so positive momentum on both sides of. the atlantic companies this morning being rew

we're starting to hear rumors and talk that maybe the container ships will start going through the red seain. that would really bring down the price of ocean freight. so it's hard to operate in really simple black and white world when global trade is this complex. >> well, we know that it can be navigated by you because this is your world and i really appreciate you spending the time with us. i know you're very busy, man, but i want to thank ryan petersen, founder and ceo of flexport. i love having you on the show. thank you so much. >> my pleasure. >> everybody's back after the break. >> coming up, kramer takes your calls and the sky's the limit. it's a fast fire. lightning it's a fast fire. lightning round. next. (♪♪) at enterprise mobility, we never stop looking for new mobility solutions. because sometimes the best road forward, is the one you didn't expect. (♪♪) on the sidelines until now. introducing the world's first suite of downside protected bitcoin etfs capture bitcoin's upside potential with downside protection. with 190 or 80% protection levels over the one year outcome period

at the moment, lots of class showing up to straddling saudi arabia, pushing from the red sea, run the way across it to the gulf and back now sticking up to produce some outbreaks. afraid even this hearing cut off could say some spots of right as we go through fast. they may be into somebody's what a flicks as well. a little further north with a suspect process that it will say something about low flaws, flash flooding, for a time. where's the weather to all the way up to was to wait east in pots of iraq also saying some live you showers were longer spells of right. so again, the flood risk casing side of the matter that as long as the dry bit of a breeze that just blowing along the east coast of the mediterranean, 19 celsius and gauze. 17, the full bay were again plenty of brights and breezy weather full. the most popular charles, have an old char what's to come sunday? what's the weather will be most o around greece. pushing across to was c a g. and we got to put on the hospital area, swelling away in the central pulse of the mediterranean possibility, some lobby shouts, drifting for

lots of class showing up to straddling saudi arabia, pushing from the red sea right the way across it to the gulf, and that kind of stick enough to produce some outbreaks afraid even this here in kind of talk could say some spots of fright as we go through fast, they may be into somebody's why the flicks is where a little further north with a suspect process, that it will say something about localized flash flooding for a time. where as to whether to, well, the way up to was q, weight, eastern parts of iraq coast, i think some live the showers or longest spells the price. so again, the flood risk case and sort of the may 3rd that as long as the dry bit of a breeze that just blowing along the east coast of the mediterranean 19 celsius in gauze, or a 17, the full bayard again penny of bryce and breezy weather full of the most popular charts of an old shower. what's to come sunday, what the weather will be most o around greece, pushing across to we'll see a g and we got quite enough to little area swelling away in the central parts of the mediterranean possibilities. some lobby shows dri

but that's about it, for weather breeze going down the gulf and beating breezes in the red sea with hidden took more showers. maybe the high ground is half a saturday. make us still enjoying temperance about 30 for everybody else has high teens. although 200 see, and that doesn't change very much throughout tuesday, but the weather in took you certainly does. and tropical i for goes the right and saw order some parts of the i'll see down through malawi and heading southeast was down towards mazda jessica. and it's still cycling season in the indian ocean. so this isn't the name side cards. it's a tropical depression. it will produce a lot of writing in the capital of the the youngest country in the world child sedan economy is mostly dominated by what's called calling for my sector. is also the poorest health schooling and foot by 2 to an economy. the not being provided by informing the claim set. and the 1st part of the series out is there, examines the intricacy of south sit on society and the extraordinary resilience of its people. i always advise you don't have to drag the book, but in

for weather breeze going down the gulf and beating breezes in the red sea with hinted more showers, maybe the high ground the south for saturday. make a still enjoying temperatures about 30 or 40 inches high teens, although 20. so you'll see that doesn't change very much throughout tuesday, but the weather in took you certainly does. and tropical after goes right into the order. some parts of the i'll see down through malawi and heading southeast was down to was mazda jessica and it's still cycling season in the indian ocean. so this isn't the name side cards. it's a tropical depression. it will produce a lot of writing in the capital of the clinic, elated by those in power. and selection is unique and we've seen anything like that before. no pressure, they were instrumental in helping the president when the election, driven by self interested play, is fast put their after non profits for people susceptible to government control this public. and it's designed to inflame and defense the way that the story is being told. not right, and it's not accurate from social networks to legacy media.

you know what a ways these ways come out the red sea. they've got a full vision. notable us a id efforts over the years included famine relief in ethiopia and the 1980s in somalia in the 19 ninety's and to war ravaged countries including sudan, bosnia and afghanistan, as well as natural disaster zones. among the most significant and successful humanitarian programs administered in large part by u. s. a. d is the president's emergency plan for aids. really, for pep, far the brainchild of president george w bush. it manages prevention, treatment, and health care system strengthening with a major focus on sub saharan africa. since 2003, the program is estimated to save 25000000 people from dying of h i. v. aids. on friday, a worker was seen covering up the us and the emblem at its headquarters in washington with black plastic tape, rob reynolds, l g 0. the still ahead on alpha 0 mentions to cities done to buy an incredible strike. there it is. but was that enough for an upset? we'll have the details on the way the, on the power of this jour

lots of class showing up just straddling saudi arabia, pushing from the red sea right. the way across it to the gulf and back now sticking up to produce some outbreaks. afraid even this hearing contact could say some spots of fright as we go through fast. they may be into somebody's what a flicks as well. a little further north with a suspect process that it will say something about localized will flash flooding for a time. where's the weather too? well, the way up to was to wait eastern parts of iraq also saying some live the showers were longer spells the price. so again, the flood risk case and sort of the made though that is lossy dry. but of a breeze that just blowing along the east coast of the mediterranean, 19 celsius and gaza. a 17 the full favorite. again. penny of brights and breezy weather full of the most popular charles of an old shower. what's to come sunday? what's the weather will be most o around greece, pushing across to we'll see a g and we got caught in the hospital area, swelling away in the central pulse of the mediterranean possibilities. some lo

the was a possibility of the old rope shower, just cropping up around the southern end of the red sea, one or 2 showers of possibility up to what was iraq? i think most. so channels have one or 2 showers, just develop, developing in iran wisdom, positive around as we go through it through the 2nd half of the weekend. i think here we're content. it's just a lot to draw a little bit of embrace, but nothing too much to concern ourselves with that and also has a bit of breeze into the east, the side of the mediterranean. but again, it is long as the dry head, temperatures typically getting into the high tees may be touching the 20 degree mot whatsoever. tried to make its way into central parts of the mediterranean. is that elaborate blood pressure which is swelling away here? pushing out through the body, eric's pushing either towards the italy in the coming dyson, heavier reins when the weather too, just coming in across the 1000000 prompts of algeria pushing into these. yeah, probably i'm heavy showers to just across central pos of africa, one or 2 shelves into that is the side or south

to the system after a number of them over the past several years from covid to the attacks in the red seane, these shocks to keeping stability in global trade are going to create problems anywhere from raising costs of imports or exports to shipping delays and all sorts of other things. because when the system has stress on it it has little flexibility to absorb that so we will see this ripple effect not just from the canada, u.s., mexico dispute but it could extend to china and the european union as well. global trade is durable and held well but this one will really test the principal of the free flow of goods around the world. >> do we know where the heaviest costs will live, the importers, the producers, consumers? what is the spread of impact from these higher taxes on goods produced in canada and mexico? >> there's a whole industry of logistics and customs brokers and freight forwarders and the middleman between the company that buys a good in the company that makes a good and it's in the middle of that system that someone will have to pay that higher tariff in china's case and i sa

the red sea comes to mind.secur. so, this country will try to leverage whatever they have in that space. in terms of what they hope. i think they will hope the u.s. won't have a long laundry list of priorities that the african countries are not interested in. culture wars is one of those things they are doing everything from women empowerment. most have a handful of priorities we need to watch south africa. one economic development is the most functional on the continent. they will host the g20. it's the relationship with the united states will hinge on the punitive i poach. we will suspend aid. the u.s. dei and other issues. that sends the wrong message and something other african countries will look to see if they can bully south africa this way, what happens to me as any other country. so, in terms of messaging this is for the u.s. particularly in the united states for china and spaces wouldn't be the way to go. the last country that's unique in many ways. it is not a strong economy. so, managed to possession them

we created the red sea find, the first of its kind to make sure that we can send extra resources to our states that are currently under republican control. over the last four years we have nearly quadrupled our partnership with -- we made strategic campaign grandson over 57 state parties. and we made historic investment to create a data infrastructure that is built to last. you know, i'm proud of everything that we have accomplished together over the past three years. adam also prepared to look into the future. and as a party we can't afford to run from the truth. if we want to make real lasting progress for our loved ones, we must make changes. you know, in reflecting a lot lately i think i probably would've been a better chair without the white house then with the white house. i'm just going to be honest with you. [applause] it was an honor of my life to work with our president and a vice president, and i'm going thank them a special thanks to them later. but i can tell you it is a a y different dnc when you're the white house and when you don't have the white house. the culture chang

like to talk to you about a portion of the tour that focuses on the miracle of the parting of the red searmed by god through moses, as the israeli eyes escaped the pursuing egyptian army. after crossing the sea and recognizing the astounding miracle that had occurred, moses and the people of israel sang the song of the sea and in hebrew. that signified their journey from slavery to freedom. this prayer is so central to jewish life that it is said every day as part of morning service. and if i can, i will read a few verses. who is like you among the powerful, old lord. who is like you, powerful in the holy place. too awesome for praises, performing wonders. you inclined your right hand, the earth swallowed them up. with your loving kindness, you lead the people you redeemed. you led them with your might to your holy abode. this prayer and song is an expression -- psalm is an expression of freedom and liberation. first and foremost, we are grateful to god for our freedom. we are grateful for our leaders who protect and the brave men and women of our armed services. i would like to end with

if you look at the systems we have at play today, ukraine, red sea, israel and the like. again, i think the demand is incredibly strong for our products. that is sort of point one. but the point two would be, maybe quibble with your characterization a little bit as a strict defense prime. almost half of our business is commercial air space based. and in commercial aerospace, you are constantly investing at risk, you've got to get products out fast, you have to design with upgrades in mind, you have to constantly be -- be innovating. i can give you a number of examples where we have taken a commercial innovation and poured that over into for defense and done it successfully. to the general's point before, we are seeing things down the field an upgrading on upgrades, hardware and software to react to the countermeasures that we are seeing operating in environments example. look, i think competition is a great thing. there are partnership opportunities. so i agree with the need for speed and i think i can give you a number of examples we are doing just that. i think the char

really it is thrown into sharp relief with the red sea that it was what i call a pink flamingo. there is black swans that just come up and then there's pink flamingos that you can see that you do not act. no one really thought a whole lot that one of the most important waterways in the world could be denied and moreover, that it could be denied for such a sustained period. the good news -- sen. sheehy: and denied by a disaffected nonstate actor of bedouins running around with rocket launchers which also managed to beat us in afghanistan. my point is that we are debating operation control of the canal and it seems very clear to all of us that a very simple act can debilitate the canal and eliminate our ability to use it with no warning and we have no ability to intervene or stop it. to me that means we do not have operational control of the canal. chair cruz: thank you. i am told senator young is on his way so i will give him a few minutes to get here. chairman, you have a deep understanding of panama and the canal from personal experience. in addition to your work on the federal

they also were providing the weapons that were being used to shoot at our aircraft and ships in the red seao the middle east or for peace in the middle east without dealing with the current regime's nefarious and terroristic influences across the region so press the assault, time to apply pressure because iran is on their back foot because they over-reached in october 7th attacks. cheryl: that is something that the trump administration has already discussed is the issue of iran and i guess we'll get there soon. brett sadler, thank you for being here. really appreciate it. >> thank you. cheryl: we've got a lot more coming up this morning. liberal donors are pulling back their money as president trump shakes things up in washington. got those details coming up. you're watching "mornings with maria" live on fox business. ♪ maria: this week on "mornings with maria," tomorrow she says only elon musk has been able to expose the depth of government corruption. miranda devine will join me with more. wednesday, he's taking on china with a package of new bills aimed at the communist nation, senator j

while the markets sink into this red sea of sports, the toy stors a different picture. hasbro is rallying to the very top of the s&p 500. it's been a while since it's done that. we're going to tell you why it's doing that in just a minute. and a new there have -- sheriff at the federal trade commission who promises to hold big tech's feet to the fire. we're headed live to the white house for a fox business exclusive with federal trade commission chair andrew ferguson. that's next on "the claman countdown." the dow still falling by about 510 points. ♪ (shower water runs) (♪) (orange is peeled) (♪) (shower turns on) (children laughing) (♪) (shower turns on) (shower water runs) (child laughing) (♪) (♪) so, what are you thinking? i'm thinking... (speaking to self) about our honeymoon. what about africa? safari? hot air balloon ride? swim with elephants? wait, can we afford a safari? great question. like everything, it takes a little planning. or, put the money towards a down-payment... ...on a ranch ...in montana ...with horses let's take a look at those scenarios. j.p. mor

quintessential swing state but west virginia every was a democrat of west virginia now some of the red seao the union for. >> by the late mike to caucus one west virginia. [laughter]ak i think it started 30 years ago roughly when we embrace vocalization and we promised everybody this going recent short-term dislocation but in the long run everybody's going to better off. the benefits from globalization came but they were not evenly distributed. people who were college educated and were h elite were highly trained did very, very well. i will toil in a country were only 36% o of the population haa college degree, becoming a party of the college educated elite is not a recipe for winning a lot of elections. limiting about it has gotten. this allows november the 20 states that have the highest median annual income, we went 18 of the 20. of the 20 states with the lowest median family income we 13. and pennsylvania 15 years ago democrats outnumbered republicans and registrations by 1 million. it's nowow down to 200,000 for e day before yesterday at las vegas review journal reported for the first

and, you know, i'd only met him once, but it was like parting the red sea. the bar, was outside person after person after person, went up, took a selfie, said hello and he was cordial with everybody. and i went back up and reintroduced myself. and he just could not have been nicer. >> yeah. he's genuine. and when the viewers miss him, know that he missed you as well. all right. >> and he also would come in periodically to the newsroom after retirement. and we would all be so excited to see him. >> just to. >> check everyone was was ready to say hi to dennis. all right. we did just receive this statement as well from governor gavin newsom on dennis's passing. and it reads, quote, a newsman of the highest caliber, dennis richmond, was a pillar of bay area life for over 30 years, one of the nation's first black anchors on a major tv newscast. he was familiar with and unshaken by adversity. known best for his composure, a rock in any storm, dennis guided the public through some of the most historic moments in bay area history, including the assassinations of may

used by iran to attack israel and ships in the red sea.weapon is now, for the first time in the united states. and cnn's oren liebermann got a close look. >> at one of iran's most prolific weapons coming together on american soil. a complete shahed 136. this is the warhead. >> that's the warhead. >> capable of carrying 100 pound warhead. more than a thousand miles. the one way attack drone came to the u.s. by poland from the ukrainian battlefield. >> an indiscriminate. >> terror weapon. innocent women, children. >> infrastructure that's hit the shahed 136 and the smaller shahed 131 are perhaps iran's most ubiquitous weapon. they have proliferated in ukraine, where russia has terrorized the population with these drones repeatedly striking civilian infrastructure. >> yes, contact. >> many are intercepted, but not all. iran has used their shahed drones to attack shipping in the middle east. oil facilities in saudi arabia, and a direct attack on israel back in april. do you have this here to advocate for a direct attack on iran? >> no. >> look

and unparalleled professionalism, as they have demonstrated just this past year and a half in the red sea alone. and i would argue that no name embodies the courage and professionalism of our united states navy more than former naval officer and president jimmy carter, whose memorial was today and tell you just a couple of quick stories. betty and i had the privilege two months prior to president carter going into hospice. i wanted to pay call on him to inform him that unlike john who a nuclear submarine after him. i was also naming a building on the grounds of the united states naval academy him and betty and i visited with him, my senior military assistant and his living room and his very simple living room and his very simple home that he's lived his entire life. and he cried that day when he found that we were renaming this building after. it was truly extraordinary. and then for his hundredth birthday, i had to stop and think, what is it that you can possibly give a president, the united states, who has lived to 100 years old? you know, plaque or, you know, book? i did pretty good. i

of course, the threats of sanctions and tariffs and challenges in certain global arteries like the red seabrium, to be able to deliver, to deliver energy. the biggest question is going to be the impact on on the economy and what that means for markets. and as a company, what we have really focused on is building resilience in the company. and you'll have seen from our results last year, last week the big focus was really continuing to deleverage, have the strength to be able to actually weather whatever uncertainty brings in the next few years. >> does it get offset for you at all by the fact that, you know, the trump administration has been very bullish on further lng expansion? >> no, i think the and that's one of the things we welcome from the incoming administration. the role of lng is going to be critical for the coming years for multiple countries. and so i do think what is going to be key is making sure that we find those balances. and we are indeed the one of the largest players, the largest international energy company in lng. and the key is having multiple supply points, of which

sea of red. >> yeah. there is a sea of red though.n again you're talking an s&p down 1.3%. >> so. yeah. but i'm saying that people who want to buy things just wait. see i think it's a long day. it's 939. you're going to have people come in bang the s&p futures down. and you know you're going to stand there and buy cigna because it's a market. >> tomorrow's going to bring either when it comes to who else we're going to. >> by the way, like constellation brands is up up six bucks from the open. >> well sell constellation brands. they had no clue of what was happening. sell it down. we had a clue. i had a clue. did you? my wife had a clue. >> what's going on with the mezcal company? this can't be good for you. >> okay, will you just wait a second? i got the numbers. okay, first of all, i. my wife, who's not an idiot and watches the show, said, you know what? >> she watches the show. that's the biggest news. >> i heard, actually, the hour. >> she doesn't watch. >> our general manager watches it and told her this. okay, that's fair enough.

but we're going to start with a sea of red on wall street. the market selloff intensifying throughout the session as weak data on consumer sentiment and a huge drop in unitedhealth weighed on the markets. the dow plummeting nearly 750 points, seeing its worst day since december. unh responsible for 30% of that loss. we'll have more on that in just a few, but take a look at some of the other big losers today. discretionary stocks the biggest sector laggard led lower by casinos, cruises, cruise lines and more. industrials also taking it on the chin with ge nova, old dominion and united seeing outsized drops. and take a look at meta. a week ago it was riding a historic 20 day win streak. we were talking about it here a lot. and now it's down four days in a row and taking the rest of the mag seven down with it. all this action coming ahead of nvidia's fourth quarter results on wednesday. the last of the mega-cap names to report. that stock now just barely positive on the year. shares still more than 12% off their all time highs. that was hit on j

it is like a sea of red, most sectors impacted, and the tech sector hit really hard. in particular hitlly hard. what's really interesting is nearly— what's really interesting is nearly $600 billion has been z— wiped off global cryptocurrency markets — wiped off global cryptocurrency markets since saturday, and is because investors are that is because investors are putting — that is because investors are pulling out of any assets which that is because investors are pul seen jt of any assets which that is because investors are pul seeth risky assets which that is because investors are pul seeth risky because rhich will be volatile for a time whilst everyone -= -: 7 2 what are the figures out what are the - what _ figures out what are the what will they cast, iffwe hnd iiiwhey hnd is 77hey h7nd is he i who will they hit and is he going _ who will they hit and is he going to _ who will they hit and is he going to follow through on his 77 7 tuesday promise? there midnight toe—satay promise? th a lot midnight toe—sday promise? there i m— midnight toe—sday promise? there a lot at stake. midni

so he has a resort on the red sea and the mediterranean. thanks you for taking my call. there is no question. let us go to earl on the line for republicans. good morning. caller: good morning and thank you for taking my call. my question is this, why do people think that the two state solution is possible? excuse me. because the people in iran who backed the terror bank -- the terrorist organizations in yemen, gaza and lebanon. why do people think that because of that, why do people think that there is a two state solution possible? thank you for taking my call. guest: i think that is a good question and that is the crux of the problem because of the widespread terrorism in the areas. let us talk about the west bank. because if it is the two state solution it is the west bank and israel and gaza but it gave up. if you look at the west bank, it is topographically much higher than the center of israel. the center of israel is the seat of government and it is basically new york and washington, d.c. combined. it is the heart of the nation. if you were to to concede the high

so he has a resort on the red sea and the mediterranean. thanks you for taking my call. there is no question. let us go to earl on the line for republicans. good morning. caller: good morning and thank you for taking my call. my question is this, why do people think that the two state solution is possible? excuse me. because the people in iran who backed the terror bank -- the terrorist organizations in yemen, gaza and lebanon. why do people think that because of that, why do people think that there is a two state solution possible? thank you for taking my call. guest: i think that is a good question and that is the crux of the problem because of the widespread terrorism in the areas. let us talk about the west bank. because if it is the two state solution it is the west bank and israel and gaza but it gave up. if you look at the west bank, it is topographically much higher than the center of israel. the center of israel is the seat of government and it is basically new york and washington, d.c. combined. it is the heart of the nation. if you were to to concede the high

as you can see beside me, it is a sea of red for european markets. you've got the stoxx 600, the main benchmark, down more than 1%, and every sector is participating in the sell off every region as well. looking at the bourses individually, here's the picture in europe this morning. we've got the ftse 100 here in the uk down 1.3%. the xetra dax, bearing the brunt of the sell off, down 1.6%. the cac40 over in france, down 1.5 in the ftse mid down by more than 1%. so every major region off more than 1% this morning. and when we talk about the scale the magnitude of what's impacted here, that would make sense. deutsche bank's jim reed highlighting this morning for some perspective that these three countries that have been targeted make up around 40% of imported us goods at around $1.35 trillion. for comparison, in the first trump administration, the tariffs that were put in place, the us targeted around $350 billion of chinese goods. so major, major scale that we're talking about here now in terms of sector gainers in europe this morning. here's a pictu

kriti: we often bring you want to talk about things like shipping costs, specifically around the red seadministration, we saw shipping costs reflect the tariff war. i feel like we are not seeing that to the same extent we did the last time around, what is the reason, complacency? brendan: it will take some time, it is the slow season for shipping right now, just got through the holidays. it is not clear whether we will see a pickup in demand tied to concern about tariffs stockpiling, reordering goods, parts, things like that. it is hard to tell right now whether the actual supply chain system of shipping and trucks and trains, whether that is being disrupted, but that is what happened the first time around. we often forget because of the pandemic. 2018-2019 was a pretty disruptive period for american companies trying to avoid tariffs, get orders ahead of them. it is too early to say it we will see the same thing, but once more clarity comes on things like the steel tariffs, we will begin to see some of those disruptions. kriti: what is fascinating, we are talking about this at a time whe