the eia is the information keeper for oil and gas production in the u.s. used a statistical agency to emit. we don't have an analog on the mineral side. these insert meaningful anaa way that eia seems to be doing on the oil and gas site? >> it something that evaluate. my sense is you always work with the data that you have. if it helps to highlight where there could be particularly important risk to consider, then that's valuable. i think where to look at it more carefully as we build. >> this is question the council on live action is interesting. the question is about learning. when you embark on the ieo every year or embarking on the ae oh, we knew the tools we have to how to make sure you're learning from past excesses and past failure? >> that's a good question. i mean, we are in contact with stakeholders. we often have workshops with the next generation modeling we are actually about to have a series of engagement with external stakeholders so we can learn from them. we also do my bench bench work. we go back and look and see how we did. and we are in

and many of the eia subject matters. analysts have come today with wedges -- what is unfortunately the lamest party that i can imagine. but i am pleased -- we would like to send our appreciation for your hard work and dedication as a public servant. thank you all. [applause] i wish you well. everyone joining us in person here and then online our colleagues are signing off and we will see you next time here at csis. [applause]

i want to talk a little bit about what eia does.ngs that means that we ar vested with the unique authority to collect energy data fm u.s. industry and that data published. it's used by skeholders. one of the things that we do is use data intnally to inform our model projections and so we view our data as a critical source of infortion within the united states. the other thing is that by law all of our products are independent of approval by any other officer or member of the u.s. government and we really prize that independence, it's very important to us. the energy outlook explores long-term trends and energy supply and demand around the reworld. okay, so what's new in this year's report, well, you'll see similar looking field. you're going to see improvements in the narrative so i have a background in modeling myself and i think it's really important that analysts and modelers be able to explain results and translate into a real-world context and the oy way to do that is to foc on e narrative. so there's that. you will see technic

and many of the eia subject matters.nalysts have come today with wedges -- what is unfortunately the lamest party that i can imagine. but i am pleased -- we would like to send our appreciation for your hard work and dedication as a public servant. thank you all. [applause] i wish you well. everyone joining us in person here and then online our colleagues are signing off and we will see you next time here at csis. [applause] [captions copyright national cable sallite corp. 2023] [captioning performed by the nation captioning institute, which is responsible for its caption contenand accuracy. visit ncicap.org] announcer: the u.s. house i back in session today at six :00 p.m. eastern before a vote for a possiblepeaker at 6:00 p.m. eastern before a vote for a ssible speaker. and then it will be for jim jordan to possibly be the next speaker. he was the nominee on friday on friday. but he needs many votes to take the gavel. we will have live coverage right here on c-span. ♪ announcer: tonight, watch c-span series in partnersh

narrator: the eia identified three chinese and one kenyan syndicate involved in the operation.these findings helped build momentum for the 1989 international ban on ivory trade by the convention on international trade in endangered species, or cites. roberts: when you have a global, uniform, and unequivocal prohibition on the trade in elephant ivory, a number of things happened. the prices for ivory dropped because the market dries up, and the market dries up because it becomes taboo to have this illegal product. and when the market dries up, there's a disincentive to poach elephants and kill them for the ivory. narrator: after the cites ban, elephant populations began to stabilize. thornton: and everyone said there's elephant babies everywhere. and it was like a genuine miracle, where the dramatic decline of these magnificent animals was stopped. roberts: but what happened after that was that southern african governments, namely botswana, namibia, and zimbabwe put incredible pressure on cites parties to reopen a quote/unquote limited ivory trade, allowing stockpile sales from

it's causing the ms eias or pacific -- msci asia pacific head toward correction. losses led by south korea as markets come back online after a long break. cosby down 2%. all sectors underwater. declines led by industrials, consumer discretionary, and the impact on the market is not just in the stock markets. it's based on what we saw on the u.s. jobs opening data. it prompted moves in the japanese currency. let's recap what we saw in the end overnight. it bridge that 150 level against the greenback during trade. very quickly moved back to that 147 level. this prompted speculation that japanese officials had stepped in to prop up the currency. the country's top currency official so far declining to confirm if there was any intervention. worth noting that that move to bridge 150 was a matter of weakness, which tells us that if there was any intervention, it might have been prompted more by the fact that it reach that psychological level more so than the japanese currency. that has prompted these fx moves across the asia pacific. central bankers have come up with com

you had iran talking about potential oil embargo against israel and the eia data out about a half-hour ago which was quite bullish. you saw more evidence of a tightening market. the 10 year yield is up by seven basis points. it's a potential looking at a pancake curve. the whole curve above 5% and what you do at that level, the seven, the 10. we to get above five, we get the 20 year auction later on. that same thing not happening on the long end. guy: you would have thought that would be the area the market would run to to seek safety when you have this geopolitical tension that is unfolding. weird from the president in the last hour. let's talk about what's happening more broadly in the market. the question of the day relates to can you seek safety in this market at the moment. the bond market in so many ways is not playing that traditional role. a sort of interesting story develop, look at the tlt over the last two weeks, in some ways that seems counterintuitive. that's the massive bond -- the dollar in some ways has been catching up, look at what's happening with the swiss franc. cr

eia that it only has 600,000.n we look at things from balance sheet movement perspective, we think that 725,000 subscriber number is a bad number, it doesn't actually have a relationship to the gap financials. erik: when you first shorted the stock in 2022, sunrun looked at your assertions which concerned tax credits and customer evaluations and said they were grossly false and inaccurate and have not yet responded to this latest allegation. if i understand you correctly, it's over standing -- overstating the number of subscribers or you've identified the discrepancy. >> they gave the pro forma response back in july and they have not yet responded to this. erik: how much juices left in this trait? the stock was down by 2/3 since you disclose the short. >> that's a great question but if you take that delta, the difference between what sunrun says we have and what theeia shows that you multiply that by the subscriber value, that is about $1.5 billion a market cap which would be over 60% of the remaining market cap.

despite supply concerns according to the eia inventory report coming out every wednesday, u.s.ices dropped 2.2 million barrels last week. worries over demand are offsetting those supply concerns. gasoline inventories on the other hand, well they popped by 6.4 million barrels and looking at arbob gasoline, it's down 6%. 6% that's the wholesale price of gasoline. all right, within the energy field, look at bp and exploring a possible sale of stake in u.s. oil and gas pipeline and located in the gulf of mexico and bp has a current 49% share in the pipeline and uk-based company hopes to raise as much as $1 billion and ostensibly reduce debt and maintain dividend and it's falling about 3.6%. cal main shares laying an egg at this hour after the company missed estimates for quarterly revenue and sales dropped year over year and prices fell from $2 at any time 28 to $1.59 per dozen and egg prices are dipping as the industry recovers from the recent bird flu outbreak and means that at least some food inflation is start to come down. cal maine down by 6.34%. uber adding return a package

we got the latest data from the eia today that showed demand was down over 8% over the last month comparedlast year. we saw so much interest in this trade, money flowing into the sector over the past few months, and bullish bets outnumbered bearish bets 6 to 1 and so it was looking really overbought. there was just too much momentum behind this, so this pullback today, perhaps, not all that surprising. that said, scott, while that $100 level might be further afield, it feels like we've reset on the downside and we will see higher lows looking forward. >> all right, we'll see. pippa, thank you. now to courtney reagan. we spoke yesterday about the destruction court in some of these discretionary names. well, we got costco coming with earnings in overtime. what do we think? >> costco is the lone retailer reporting these monthly comparable sales and last week, it reported another solid quarter, but we did note continued softness in big ticket nonfood items so investors won't be surprised if sales are down slightly from last year. placer.ai store traffic data for costco, shows store traffic fel