dan murphy joins us now from dubai with the details. ood morning. >> reporter: frank, good morning to you. cop28 delivering a world first after hours of intense talks. not a phase-down or a phaseout but a call for countries to transition away from fossil fuels. here's the text agreement. basically it calls for a transition in a just, orderly, and equitable manner, words that all help to get big producing oil giants like saudi arabia across the line. the cop28 president sultan al saber saying they'll have to deliver. he was under significant pressure to get a meaningful deal done. listen in. >> it is a plan that is led by the science. it is a balanced plan that tackles emissions, bridges the gap on adaptation, reimagines global finance, and delivers on loss and damage. >> tough talk by sultan al saber. when it comes toa reaction, it marks the beginning of the end for the fossil fuels, but some might call that shortsighted, at least for now. it's better to say this text is one step closer to reducing the role it plays in our global energy

dan murphy spoke to the qatar finance minister over the weekend. >> we need the long view because ites not affordable then. people will come up with different ways to reduce demand and other issues. it will come with a price. so, i believe $70 is a good price level for what we are comfortable for the suppliers and buyers. >> and he touched on tighter financial conditions and impact on the wider global economy. >> it is linked to the u.s. economy and performance of the u.s. economy. the u.s. economy has been performing very well. the numbers have been well with employment and real estate and retail. everything in the right level. inflation is not too bad. at 3%, that is not too bad. 2% is aggressive. the fed set the aggressive target. even 3% is not too bad inflation. i think there are talks about recession in the u.s. next year and what would happen or not and how long or how short that recession. i think most likely we should not see a recession at the u.s. level. given the numbers we are seeing today, there are no signs of recession or slowdown in the u.s. >>> some index reshufflin

we have dan murphy with more. let me ask you about the draft text. has been pushback as many policymakers are unhappy with the watering down of the fossil fu f fuels. how can this be a mmended to be pal palateable? >> reporter: the talks are set to being wrapped up today with the correct wording on the physi fossil fuel agenda here. the lack of the phasing out is the issue and we have heard from the u.s. and europeans and the phase out simply means the agreement in the current form is too weak to be taken seriously. let me take you through the wording and what negotiators need for the deal to be ag agreeable for the global fonort and south. "reducing consumption of for the fuels in the just manner so as to achieve net zero by or before 2050 in keeping with the science." john kerry in reaction to that said, quote, we are not where we are meant to be in terms of the text. many of us have called on the world to phase out follssil fue. criticism as well from his european counterpart saying, quote, it is clearly insufficient and not adequate to addressing

crescent petroleum, a middle east oil and gas company, jumped into the fray today, telling cnbc's dan murphyand gas for climate change is like blaming formers for obesity. it is our societal consuption that is the issue and said we need oil and gas through the transition and there is no scenario that doesn't not include that. 50 weapons including exxonmobil, shell, bp and saudi aramco made a landmark agreement to nearly eliminate methane emissions by 2030, that's much more destructive than co2 in causing global warming. so, no question there is concern that this cop is being held in a major oil producing nation and in an incredibly wealthy city that was essentially built by oil money. and, as you noted, there is this report out today that nearly 2500 fossil fuel lobbyists are estimated to have been granted access to cop 28, that's a major increase from last year. and i spoke with the ceo of msci, a financial services company, here at the cop, and his reaction, he told me that to say we're going -- not going to have the energy industry is part of this process and this transition and that we'r

good-natured derision that goes with the job from the gershwin's immortal alexander p file to dan quayle's run in with murphy brown and saturday night live's takeoff on al gore's eye rolling debate preparation and one exception may have been, on rail. he who possessed what i call norwegian charisma. and mondale would have been the first to last that. you heard it more than once over the last few days, mine, and consensus walter mondale is the first postmodern vice to sident, the first reside in the vice presidential residence at one observatory circle in effect arguably the first deputy president. i once had the pleasure of interviewing vice president mondale who was very explicit and he told me that it was his firsthand knowledge of the humiliation that his friend and mentor hubert humphrey had experienced at lyndon johnson's hands that led him to propose /insist on a very different kind of vice president he. he would not be fobbed off with oversight of the space program or other projects that were the equivalent of vice presidential makework. instead mondale would be jimmy carter's chief advisor and linked

escaped the traditional mostly good-natured that goes with the job from the gershwin's dan quayle's run in with murphyrown and a saturday night live takeoff on al gore eye rolling debate preparation. the one exception may have been walter m mondale he, who possess what i call norwegian charisma and mondale would've been the first to fill out at that. you heard it more than once walter and mom mondale is the first the first postmodern president the first of his own office in the west wing the first to reside in the vice presidential residence. in effect arguably the first deputy president. i once had the pleasure of interviewing vice president mondale it was a very explicit and told me it was his firsthan knowledge of the humiliation that his friend and mentor hubert humphrey had experience at lyndon johnson's hands. that led him to insist on a very different kind of vice presidency. he would not be fobbed off with oversight of the space of program or other projects for the equivalent of vice presidential make work. instead mondale would be jimmy carter's chief advisor and link it to capitol hill befor

murphy is with us. "candy cane lane" is the new movie on prime video. we'll be right back. danwas a covert assassin. i escaped that life and now they found us. [laughs] [gunshots] [gun-cocks] jess: what the...? ♪ ice ice baby ♪ jess: who are you, james bond? ♪ all right stop ♪ i'm still the man you married. ♪ ice ice baby ♪ jess: you weren't in a band or vegan, dan. you were an assassin for hire. ♪ we all have different versions of ourselves. ♪ the family plan. streaming soon on apple tv+. rated pg-13. with scope squeez mouthwash concentrate, just add water, squeeze to control the strength of your mouthwash, ♪ and find a zone all your own. ♪ scope squeez. but we're just getting started. everything going well? oh yeah. let's take a look at this knee. because it's the work behind the scenes, that truly matters. [ physical therapy staff discusses results ] for your mind. for your body. and for the community. -team! for all that is me, for all that is you. kaiser permanente. >>> i'm going to show you guys something. when i show you what i'm going to show you are all your questions

played murphy, and one played by eddie murphy, and one of their affluent corporate employees , played by danvery funny and and it's very, very funny and this one you've all seen, surely scrooged and scrooge is probably the, uh , the first on this list the, uh, the first on this list thatis the, uh, the first on this list that is actually, indisputably a christmas film. it's based on a christmas film. it's based on a christmas carol by charles dickens. can't get much more christmassy than and it's christmassy than that. and it's bill murray at his best, and it's got a really standout bill murray at his best, and it's got a rea by standout bill murray at his best, and it's got a rea by carolout bill murray at his best, and it's got a rea by carol kane as the performance by carol kane as the ghost of christmas present. it's dark. consistently funny. dark. it's consistently funny. the ending cheesy as hell, the ending is cheesy as hell, but you know, it's christmas , so but you know, it's christmas, so we can forgive a touch of mawkishness. and i think the best christmas film all time best chris