but as i see it the iea report is merely wishful thinking.sistance to free trade with china to make it so its electric vehicles are cheap enough to be widely popular in the developed world. even as china will be using much less carbon itself. if we take china's cars in at the chinese government's subsidized price i have no doubt the iea report will be correct. but the only thing trump and bide aern gree on is the need to stay tough on china. so my bottom line i say don't hold your breath. i like to say there's always a bull market somewhere and i promise to try to find it just for you right here on right here on mad money, i am jim cramer, see you tomorrow."last call" starts now. >>> we start with breaking news. good afternoon, i am brian sullivan. tesla's annual shareholder meeting has just wrapped up and the votes are in. and now we know that we can say this, elon musk can afford to feed his family. tesla shareholders have approved the multibillion- dollar pay package, about $45 billion, and that is not all, they have said bye-bye, delaware

introduced legislation alongside my republican colleague and ieas senator catherine cortez @masto.alled on then-president trump to use his authority to ban ederal rule. pres. trump actually agreed with us at the time and vinyl finalized and atf last week are wildly out of touch supreme court majority invalidated that rule . and in theological and deadly soto mayor said in her dissent when i see a bird that walks likeuc quacks like a duck i call that bird a duck soto mayor. a bump stock equipped rifle is a machine gun and it should be banned ns have been b for 100 years. even still, wiin■majority's ruling they gavecongress, theye direction on the only way us to protect americans from these deadly devices . need to pass my bill to ban bump stocks and do it now and i am proud to lead the senators like catherine cortez masto, amy king and the n after the supreme court's recent this is the same bipartisan bill i first introduced in 2018 and the aftermath of ■. th ulother devices that allow semi automatic firearms to increase their rate of fire and operate as fully automatic weapons meth

. >> you're thinking of the iea.they're the ones that people don't know where the money comes from. >> whatever. >> whatever. >> but even with this, i mean, i like the iea, but they are they're the ones that everyone says, you know, you i knew it. what is it? >> what is the iea institute for economic affairs? whatever it is, the fact is, is these people should not be paid much attention to. >> okay, continuing the theme of wild promises and vague handwaving louis apparently the reform manifesto is not that great either. >> well, it's the same thing. it's because these people, the institute for fiscal studies , institute for fiscal studies, they say that the left that the tories that the reform party are, that they're that their promises are feeble and are impossible to , to achieve. impossible to, to achieve. >> i mean, to be fairto nigel >> i mean, to be fair to nigel farage, he did specifically say we don't regard this as a manifesto so that we are intending to put into place should we find ourselves in government.

we know the iea had made similar comments in the past, suggesting that it is time for oil companies to indeed accelerate the transition, however, we know some of them are still rethinking some of these plans. now, with that in mind, i just want to take you to what we're seeing in terms of moves of oil prices. you have them on your screen. the brand is currently moving about -- higher by about 0.7 at $82 a barrel. wti also moving slightly higher at this stage. this is ahead of the sentiment going into today's session with oil prices basically moving higher amid this upbeat in terms of global demand. that was also a message we had seen from opec producers. but i want to take you to the overall picture over here in europe in terms of equity moves. we know this has been a very, very busy week, but today is likely to be another busy one for the markets. we have, of course, stateside, two key moments, two key events, the cpi print, but on top of that, the latest fed decision. over here in europe, we're seeing a lot of implications from the politics in terms of what -- how markets are trading

we wor iea to maintain a safe, secureef the highest standard asif part o the cooperation with australiarked to lingual it the spread of long-range missile technology. we continue to add vance trade internationallyon among like mind taking steps to address any gaps that might emerge. this approach. disregarding s and staying in the way of reforms. russia returned to prop up the industrial base. and iran to provide missiles and drones. increased missiles and drones. increased three and created capabilities russia might share for payment. they have beenis blocking new controls from being the arrangement given steps to undermind the control ray you know yregime.we are trying to capabilitytions with w long-rangeu. strike. we are looking to createew and coproduction that f were challenging of licensing requirements. also among a broader set. the final area where th adopted has been developing a nuclear weapon.as this is a isolation.n of including sanctioning 700 additional connected to the problematic and dangerous behaviors. we havee long said this is the best way sustainable nuclear program

to columbia and that a head of the baker institute here in houston that i found really really great ieasome great data around this international agency as well as others. and i think increasingly as the transitionic side are grapplingh this and realizing this is what we need to be wrestling with, but for me, the point of the book was talking to everyday people that might not necessarily the difference between a cathode a.a., but know that more and more batteries their everyday lives. so that's really i wrote the book for and thefrom the audien. okay well first thank you very much for writing book and so very thoughtful issues on this very topical topic and. with that we'll end the session and we have a table set up in the back for urge to sign copies the ■dbook for you. so ladies, gentlemen, thank you very much and appreciate attention duri our book discussion here. thank you very much. thankb■Ñ

j >> i initially thought iea woul probably do it we know what if i had a friendf who isn't normaly inarold you only fly private s makes no sense to you your limousine liberalyo you mak me sick to my stomach. >> i would give it up to anyny friend any time.on >> i don't't know who these peoe are them deftly taking the upgrade. >> you just go into the baggage compartment right. >> i was get upgraded this is ah great questionis what tv show is cancelled way too early would likely to see come back jesse would it be the o'reilly factor? >> it had a pretty good run greg i would say life pd i loved it they cancelled it during theme summer of love andr they have o bring it back. >> dana?m >> i watched this show fromca australia called offspring so goodll g only 7 seasons it could have gone longer.ne >> she picked 1 from australia. >> when they cancelled lou for after a few seasons i wish we had a few more and different strokes. >> different strokes for different folks, a judge?re >> there's a shog:w called lions it's coming back so my wishes been granted i think they should do a senior bay was

iran's nuclear activities and we'll continue to vigilantly monitor them iran must cooperate with the ieadelay. >> reporter: a first leaked document forced -- with brand-new centrifuges. secondary blinken set with senior -- just days after he administered netanyahu against the u.s. of slow walking arms to israel. acclaim the u.s. denies. meanwhile u.s. and israeli intelligence agencies have new alarming information about a computer modeling program iran has reportedly acquired your back u.s. officials say it could be used to help the regime build a nuclear weapons arsenal and build it faster. >> we do not see indications that iran is currently undertaking the key activities that we would -- it would be necessary to produce a testable nuclear device. >> reporter: florida republican congressman mike waltz is this new company -- of your program could be the key that unlocked around speed. >> when people talk about our break out in weeks or months for them to be able to break out of his misery having another volume which we -- uranium have a bomb. this other element, this computer simulation

opec plus side it would winding down some output cuts come october, there is a separate report by the ieathe horizon between now and 2030. a couple of different opinions, right now wti up one and a quarter% right now. there is anti-woke activist targeting the borders of companies like ge aerospace and ups to oppose what they say is an overly aggressive move into di initiatives saying it doesn't make financial status and consents the wall street journal reported that activists want to get politics out of business and they are suing target, other companies, liberal shareholders are going with these initiatives are necessary for the academic success of the business. scott sheppard general counsel for the public policy research and we would refer without partisan influence and get into the game of years of quiescence we sing companies pull back her focus on di in this the corporate structure but also does it make financial sense especially when some of these companies have waited into very uncomfortable stances when it comes to different areas, think of target for example this is a big moveme

iran must cooperate with the iea without further delay. >> the republican congressman said this could be the key that unlocks even faster progress for iran to have enough enriched uranium to build a weapon. >> when people talk about a breakout and weeks or months by them to be able to break out that's basically having in a fully enriched uranium to have upon. this other element, this computer simulation is how do you get the actual balm formed and build the warhead it fits on top of the missile. >> while the iaea the top nuclear watchdog confirms one of iran's most secretive sensitive nuclear sight is also now expending. ejected the iranian regime's plan first obtained by reuters revealed hope to soon triple the sites production of enriched uranium with new centrifuges which would in turn allow iran to grow their arsenals nuclear warheads even faster. >> i won't comment obviously on intelligence matters as you have heard us say before we do not see indications iran is currently undertaking the key activities that would be necessary to produce a testable nuclear device but of course th

for crude oil demand, you always say that opec leans towards more demand versus say the eia or the ieawards green energy. >> neil: but -- your next -- and sequelae under so if you just -- bottom line is supply and demand. if they want cut back the supply without the demand and raise the price and quite work that way they. what we really document. >> the answer to my pullback the voluntary cuts starting in october 2024 so the market took it as a potential for more supply. >> neil: meantime everyone is waiting for the federal reserve to see what it does grandmother a couple more prominent folks who seem to think that way, is just not going to happen this year, people might want to see it, not everyone but it is not realistic. what do you think? >> if the fed was looking for something to hang their hat on it could be this morning's its arm when factoring pm especially the new orders components which fell deeper into contraction territory remember manufacturing uses energy. was part of the reason you see some of the specular really out of there who'd oil lawns and water that was hedge fund

well, ieas third voyage was far the most dramatic.the it was the of his voyages, you know, in terms of the duration and nautical miles. but it was also the most american. and, you know, with an american america, you know, i'm an amer trying figure out what does an american have tossentially british and realing that 1776 and they had all these americans board and theicer who ends up bringing the ships home to england in. 1780 is from virginia. and he you know, he asks, decide england, am i american or am i english and you know, they finally get the news what's been happening wit so part of it also just think it's one of those classic stories that needs to be revisited by every you every so often by different generation of writers because i'm really interested in the reckoning that we've been seeing going on across the getting the indigenous point of view across. i this, i try to br the and archeology. so we begin little at least the two the the best of my ability a sense of the kind indigenous polynesian point of view and the indigenou

and the bear a child that is also under assault on the routes interest in is despite the vote by the ieaals very much take advantage of fertility treatments and tend to view it as very different from abortion because the ultimate yes, there are the embryos, but the ultimate intent section is to create a life, not end one. >> i know. and so that's the logical response that i see. but what i think they see is this novel argument that somehow these embryos are viable. humans are potentially viable humans and so destroying them is actually an act of of murder before we go, i have a best shot of my own in honor of fathers de last week during the yay or nay segment right-hand said, he never played the card game. >> ohno, we were all shocked and dismayed. well, it turns out the folks at mattel which makes ono we're watching and they sent over this gift. oh, there's a along with a card that raids ri khan. >> we know you're new to the game. just remember when you're down to one card, you've got to shout una, happy father's day here is all of your own. >> that's amazing. thank you. mattel. and tha

world faces staggering excess of oil by end of decade, warns iea and the international energy agency.o, yeah , basically agency. so, yeah, basically they've made too much oil because they're still investing in oil and america's still ramping up production. so, but the idea is with electric cars and all this nonsense, you actually need all of it. so we're going to have this excess amount of oil, which i thought, because i don't really understand this stuff. i was like, won't that like stop the middle east monopoly on it? but all it will do is sort of smash oil prices like we had during covid, and then supply side demand goes down or something and investments are ruined. i don't really understand it . you don't really understand it. you can't do with oil. >> you can't believe it. the question is everything one of these? everything you see in the newspaper, you say, is this true? i don't think it's true. i think i think i oil is one of those things. there's more oil than we give, give the world credit for. and we may need it more. we may need it less. they don't know. and this is this in

what iea a lot of what i've come to appreciate about the efficacy and lack thereof of the sanctions withational policy on iran. we talked about the principles, architecture, instruments of sanctions, talked about implications of innovation and evolving types of sanctions. there was a time and euros literature around trade sanctions in the past 20 years in the post 9/11 era seen the evolution and implantation of financial sanctions and now new innovation around technology sanctions as well. we talked a lot about factors that contribute to the efficacy of sanctions and limitations and potentially unintended consequences and bureaucratic challenges and diplomatic challenges of devising, implementing and most importantly perhaps sustaining sanctions. i will close by leaving a question around the idea of peak sanctions. i recall with some humility testifying before congress on the question of whether or not we could in fact sanction the uranian central bank successfully without wider implications on the global economy. i happened to be wrong when i testified in part because i think we hadn't

the iea issuing a big warning to oil companies making sure their business strategies are prepared for surplus. we've been watching wti. this morning it's at $73.83 a barrel. oil prices come down. >> 78 doesn't sound too bad. world's smallest violin for opec. >> that and the big warnings. they have been diversifying to some extent already. >>> in the meantime, the fed in focus. we're going to get picpi at 8:3. that data is going to be followed by the latest interest rate announcement. we'll get that at 2:00 p.m. no rate move expected, but they plan to be focused on the dot blot and how many will show. later today the white house hosting a virtual press briefing. ahead of that, we'll speak with transportation secretary pete buttigieg, and that's coming up in the next half hour. >> i don't know if it's surp surprising. national amunsment had previously agreed to economic terms of the merge, and had been awaiting sign-off from shari redstone, the owner. in a statement they said they would not be able to accept the terms. redstone company said it supports the play. this is as well as the o

and i think our media system is large and varied which■iea it hf roles to play.to remain bipartisan?" guest: i been doing it for a long time and it has been my■ i think it is very important that readers are able to get a lot of outlets and including a lot of independent outletsjor outlets are onesnd to get their audiences thinking one way or the other. it can be difficult. there are a lot of hot buses su issues and journalists are not robots. i am very practiced at when i am reading the news it is just with the kind of lenscan i best inform my readers and give them context to undewhat are thi have about the news and the questions mmight research and o experts so i can find the answers. that is my main view, trying to take emotion out of it and report dispassionately. and g a clear idea of what is going on and why it matters and they can come up with onist: again with so much g on, how do you with everything, what does your process look like putting the newsletter together? guest: it is a lot easier when i graduated. i am doing it full-time it is a lot easier. ]es

it has become especially important because there is iea loophole that exempts inspections of heu facilities in countries that decide to declare their heu is used for naval propulsion and this offers them cover to develop nuclear weapons and the big inventory they need to the partnership only intensified this area u.s. leaders should lead by example and work toward safer and more secure world. i really urge you to consider these three amendments. >> thank you, mr. foster. did i say that correctly? >> thank you very much to you and ranking member and other members of the committee. i realize you spent a lot of time in this room so i want to thank you for entertaining those of us outside of the committee that have these amendments i want to thank you specifically on behalf of myself and representative andy harris, the two of us are putting this forward it is obviously amendment to the ndaa or 2025. all of you should remember our nation experienced a terrible tragedy in the morning of march 26 of this year, when a large cargo ship called the dali collided with baltimore francis scott key bridge

take out insurance to cover buyers who default on mortgages that have a very high loan to faro ratio, ieatill have to have a sufficiently large income to take out what would be a much bigger mortgage. the people most likely to benefit from this would be buyers in their 30s from better off backgrounds and buying outside of london and the south—east. let backgrounds and buying outside of london and the south-east. let me also ask you _ london and the south-east. let me also ask you about _ london and the south-east. let me also ask you about their _ london and the south-east. let me also ask you about their liberal - also ask you about their liberal democrats offering this dad months of paid leave for fathers and doubling of statutory maternity pay. statutory maternity pay is about hundred and £81; a week. the liberal democrats would like to raise that -- £184. it is a democrats would like to raise that —— £184. it is a big increase but it would still leave the uk behind a lot of high income countries in terms of the generosity of the system. when we think about the bad month, this is usual