berman, executive director of the american petroleum and convenience store organization. we represent a number of convenience stores here in san francisco. we support the attributes of what the proponents are trying to do, in terms of keeping tobacco products outside people under the age of 21. however, our methods are a little different. as the gentleman previous to me said, it's about regulation. we should have more enforceable regulations. we as retailers are on the front lines of age verification. we don't want to jeopardize our businesses for selling tobacco to anyone under 21. we want to be sitting at the table with policy makers to try and carve sustainable, realistic approaches to try to deal with this public policy dates. i'll give you two dates. 1920 to 1933. what happened between those two dates? prohibition. alcohol was banned. what happened during that? a lot of people enriched themselves. the black market. a lot of people died because of bathtub gins and a lot of things in america. this will create an illicit black market for these items in america. i'm will

we got news late yesterday from the american petroleum institute that showed u.s.upplies fell by 5 million barrels for the week gasoline stockpiles also declined so we're seeing wti bouncing back now a half percent. brent following suit after a rocky day yesterday where oil fell 4.8%. it's been a rocky year so far for the aerlirline industry. airlines have seen strong demand but capacity has been lower due to the grounded 737 max. what is ahead for the sector phil lebeau has your second half playbook >> reporter: in the second half of this year, airlines and investors will be focused on international markets, keeping up with demand and the return of the max. boeing 737 max is expected to be flying by the end of the summer. that's not a sure thing, any further delays could have a ripple effect on the entire industry with so many max planes grounded, airlines are pushing hard to keep up with demand. one area where some airlines are seeing softness, international routes that will be a focus for large international carriers in the second half of this year >>> coming up

inventory data from the american petroleum institute today, and the official energy department data tomorrow morning at 10:30 a.m., two inventory reports could drive the trade. back over to you >> thank you very much this week is the busiest week of earnings for the quarter, putting us roughly in the middle of the reporting season. bob pisani looks at the trend so far and what we still need to watch. hi, robert >> no collapse here in earnings yet. there's good news and bad news on thurnings front, tyler. the good news is this, at the halfway mark, not a lot of surprises. earnings for the second quarter are essentially flat compared to the second quarter of last year. that's up .09% more good news, guidance for the second half, the third quarter and fourth quarter, is not collapsing as many had feared a couple months ago. overall, 2019 earnings can best be described flattish, let's call it. now, while there is no earnings collapse, the trade wars and slower global growth is clearly having an impact on earnings look at these numbers. companies with significant revenue exposure outside the unit

susan: oil prices basically spiking because the american petroleum institute saying we have suppliesight million barrels last week. that is five million more than expected. so couple what you just got with the eia report where inventories drew down three times as much as anticipated and there might be less supply than anticipated because of the iran issues, the venezuela issues. don't forget the gulf of mexico is evacuating with an incoming storm as well. stuart: that's right. there is storm possibly approaching rigs in the gulf of mexico. that is always a problem for the oil market. when i see oil at $59 a barrel, i have to believe the price of gas has stopped falling. we were down, what was it, 2.75? the national average, 2.74, 2.75. it started to go back up a little bit. i think it will go up some more, bearing a 59.3 the price for oil. susan: gasoline futures are extending the gains after the drawdown. stuart: gasoline futures, telling the price a little way down the road up again this morning. >>> now this, our next guest is going to head to the u.s.-mexico border this week, to

americans, but all iranians, whether they were born in or not, know that was the year that the u.s. cia was involved with overthrowing the democratically elected president of iran. of what is now british petroleum, anglo-american oil. u.s./u.k. this alliance here? it was the u.k. who was actually trying to bring the united states into what ended up becoming a u.s. and u.k.-leled presidentst the because he had nationalized iranian oil and kicked out the british who were controlling the iranian oilfields. consequences inin history. many historians point to the fact that might have been one of the reasons that later on the 1979 r revolution came about because the shah was reinstated after that cooney was extremely unpopular in iran and the years after the 1950. in this instance the guardian article you're referring to, it is interesting -- well, another -- another reason this is significant is john bolton was involved in the lead up to the war with iraq in 2002. in that war, the u.s. really relied heavily on the u.k., on tony blair, incoming behind it and helping to lead that war into iraq and also the u.s. really needed is coalition in europe in order to do so. in this instance, the trump adminis

iranian shoot-down of an american drone that the pentagon claims was in international airspace the iranians say it was in theirs and then there were those mysterious attacks on petroleum tankers near the strait of hormuz the u.s. ordered video that points to iran do you maintain your denial that iran was involved? >> obviously we would not be targeting a japanese tanker while the japanese prime minister was meeting with our leader those pictures that the u.s. navy put out don't prove anything, first of all we were involved, our navy was involved in rescue operations around the ships >> let's talk about the american drone that was shot down i understand the u.s. and iran differ as to where that aircraft was i want to ask you about why do you think the president took his finger off the trigger, called off a retaliatory air strike >> i think you need to ask him my analysis is that cool heads prevailed. people came to the conclusion that this will not be a limited operation. >> international monitors say iran was complying with the nuclear deal president trump, however, complained it didn't address iran's ballistic missile program or its support of militant groups across

american ship building act. taking a strategic national asset, petroleum and lick which -- natural gas, and welding it together with the ship building industry. which gives us this strategic -- the strategic ships that we need to move our military around the world and to provide the energy that they need. so the energizing the american ship building act is now introduced in the senate for the second session. last year and again this time around with the new session of congress. and what we will do is to this problem. we could buy ships that are made in china, japan and korea. or we can make them in america. if we make the ships in america, we will provide thousands of jobs. not only in the shipyards and the steel industry and the aluminum industry, but also the maritime suppliers, the men, the factories here in the united states that build the pumps, build the engines, the electrical engines, the big diesel engines that are in these ships or the other engines that are in these ships and all of the electronics. that entire array of equipment that goes into a ship could be built in america if the energizing the ameri

the americans are keen to clamp down on iran's petroleum industry as part of the pressures over the nucleareration in terms of one person involved saying, nothing particularly dramatic. we believe the marines came down onto the deck of the vessel from helicopters and they were able to assist the authorities of gibraltar in seizing the vessel. jonathan, thank you. to make british men have died on the beachfront in spain. —— two british men. a third man was taken to hospital but has been discharged. a spokesman for the foreign office said, we are supporting the families of the men and are in contact with the spanish authorities. the betting group william hill has said it will close around 700 shops across the uk — putting more than a500 jobs at risk. the company blamed the closures on the government's decision to reduce the maximum stake on fixed odds betting terminals from £100 pounds to £2 in april. sir peter bottomley mp was on the all parliamentary group that looked into fixed 0dd betting terminals. he says the government's changes were sensible and william hill should be apologising for