jennifer granholm is right. the energy companies do.$200 million a day in profit. using the opportunity to gouge consumers not -- we're talking even in florida during a hurricane. it is great that this administration is standing up to them and their record profits because they are banking on this crisis and they are using it. and regular americans understand that and they know that. they don't -- >> harris: regular americans go when they know to get their gas. >> we need to stand up to them. you're right, you're right. we need to lower -- >> harris: i haven't said anything yet but i could be right. regular americans know that when they go to the pump they see a mom and pop operation running the exxon or whatever it s. everybody else knows, in my neighborhood and all across my state. now we will edge our way back to where we were pre-summer above $seven a gallon and whatever they're carrying impacted by those diesel costs. that's the cost of production and everything. we need more areas where we can produce. why hasn't the biden administ

i have asked the secretary of energy, jennifer granholm, to lead a effort across the entire federal government. she will put in place the puerto rico grade modernization to bring federal resources and taking in assistance for puerto rico and we will help to repair your credit quickly --gird qu ickly. -- quickly -- grade --grid quickly. your hearts are with people right now and their hearts are with you. we will be in florida on wednesday and at times like these, our nation comes together and put aside our political differences and get to work and we show up when we are needed because if we lost our home and we lost a loved one, we hope that people will show for us as well. i want the people at puerto rico to know that i am committed and the administration is committed to stand with you as long as it takes. the right -- white house has honored hispanic history month. a proud son of order -- puerto rico offered a prayer for all those who suffered. he said, " give us generous hearts so we continued --/ continue to use them to support them. " that is the generous hearts that we will continue to pr

maria: it's also the entire cabinet like jennifer granholm energy secretary pete buttigieg, were about> identity politics was the death of this administration the decision to put xavier becerra with no history of healthcare except suing nuns and putting him in the -- during the pandemic, everyone, what about pete buttigieg in terms of the va why give him transportation out of it make sense. >> these are up a political operatives and important job. >> were the ones who did the study that showed the average fighting appointee has 0 business experience who would bite in turn to in this cabinet for good business economic. >> that comes across in the policy. maria: will take a break will become a look in artificial intelligence to help you become a better investor stay with us on that. ♪ i remember when i first started flying, and we would experience turbulence. i would watch the flight attendants. if they're not nervous, then i'm not going to be nervous. financially, i'm the flight attendant in that situation. the relief that comes over people once they know they've got a guide to help the

fuel prices high. meanwhile, the largest us oil trade groups wrote a letter to energy secretary jennifer granholm saying they are very concerned that washington is considering limiting its fuel exports in order to lower consumer prices. they said this move could only disrupt the global markets, reduce domestic refining capacity and alienate us allies that says, joe biden is being called out by a prominent fox news host over the sabotage of the nordstrom gas pipelines, from russia to germany. where might some americans have gotten the notion that the, by the ministration might have been involved directly through a proxy in the destruction of the north stream pipelines? why would they think that they surely didn't watched on russia today? or t has been pulled off the air. well maybe they learned from joe biden himself, he's the president. there will be no longer the norse job to we will be going to do the secretary state in the bite administration mr. tony blanket bragged about how great the sabotage of north stream was and we're quoting, it's a tremendous opportunity, said tony blanket. it's a gre

energy secretary jennifer granholm said no pact. >> is among several options under consideration. president believes there should be. >> consequences. we want to make sure that those consequences don't have negative impacts. senator grassley says his bill will help stop opec's pattern of abuses, it's it's unlikely to help lower gas prices right now. the american petroleum institute says the only way to do that produce more oil in the u.s. use our own resources. frank macchiarola says suing opec won't work, would really put at risk the global supply chain. grassley says he wants no pet passed immediately after the midterms, but senate majority leader chuck schumer who decides if the bill gets a vote. >> says he's considering several options to best deal with opec's, quote, appalling and deeply cynical action in washington. raquel martin. >> and now for a check of prices for a gallon of unleaded regular across the bay area that most expensive right now nearly $6 and $0.50 on average. that's followed by san francisco. it's 6.43. sandra fell. >> a little below. >> that at 6.38, oaklan

oil trade groups wrote a letter to energy secretary jennifer granholm expressing concern that washington is considering limiting his fuel exports to lower consumer prices. they say the move could disrupt global markets, reduce domestic refining capacity, and alienates u. s. allies that says joe biden was called out by a prominent fox news host of the sabotage of the north stream gas pipeline from russia to germany. where might some americans have gotten the notion that the, by the ministration might have been involved directly through a proxy in the destruction of the north string pipelines? why would they think that they certainly didn't watched on russia today? or t has been pulled off the air when they learned from joe biden himself, he's the president. there will be no longer the nor stream to we will bring an end . and then we crowed about how great it was after it happened. we had nothing at all to do with it. and if you don't, by that story uncritically, if you have any questions about how exactly that might work, you're a disloyal american, shut up the destruction of food, the no

the largest you as the oil trade groups wrote a less su energy secretary, jennifer granholm saying they are very concerned that washington is considering limiting feel exports in order to know a consumer prices. i said this move could only disrupt to global markets, reduce domestic refining capacity and alienate to us allies. most of aunties worlds apart. program asana, boy co joined me in the studio earlier to break down the ramifications of the opec plus move. as we know, the i plus the or the exporting block members prove this major cut to in that crude output yesterday. and we know that the us todd's beforehand lean donates ally saudi arabia not to do this. i think the us is feeling now and in life. well, the white has already described this move as a hostile act, and it's a very interesting warning, because if you start from a promise that the rest of the world is supposed to be serving your interest, done everything that's for your interest would be a hotel act but saudi arabia and many of the opec members are considered traditional us alice and the fact that they have pretty much

of governments. meanwhile, the largest us oil trade groups wrote a letter to energy secretary jennifer granholm expressing concern that washington is considering limits and gets fuel exports. to lower can seem appliances. they say the mood could disrupt global markets, reduce domestic refining capacity and alienate u. s. allies, as a prominent folks, news host points out that joe biden had said himself that the us would quote, bring it ends to the node stream gas pipeline, which ones from russia to germany. where might some americans have gotten the notion that the by the administration might have been involved directly or through a proxy in the destruction of the north stream pipelines? why would they think that they certainly didn't watched on russia today? or t has been pulled off the air when they learned from joe biden himself, he's the president. there will be no longer the nurse team to we, we will bring it in. and then we crowed about how great it was after it happened. we had nothing at all to do with it. and if you don't, by that story uncritically, if you have any questions about how

where is jennifer granholm why is she not leading the conversations? >> look, i think every administration -- >> she is the secretary of energy >> i think there is a lot going on in the energy world right now. >> anything more important than what is happening? >> i think we have a war in europe that is really threatening the energy security of the entire international system i think she has done an enormous amount of work in europe and in asia fortunately or unfortunately, energy is the number one issue in the world today we are we are talking about oil and gas. look what we passed in the united states. it matches what the uae is doing. these are investments we have to do today for the supply chains and securing the energy futures. as we had in the 20th century in oil and gas. >> i would like to see you more on cnbc. wonderful to have you on the program. thank you for making the time for us steve and karen, back to you. >>> hadley, thank you. let's push to the banks. unic unicredit is raising guidance. the italian lender expects income to come in at 9.

when you put people like pete buttigieg and jennifer granholm in charge of the economy, they don't have kind of experience, they know not what they are doing. who? you talk about the president and vice president they don't know anything about the economy but who does? who knows anything about how to run anything in this white house? nobody does. >> sean: thank you both. right now to a brand-new report from john solomon, according to his findings the biden administration is now giving millions of your tax dollars to private groups and turn around and target and sensor social media posts they deem misinformation. apparently i'm on the list. joining us to explain the editor in chief of just the news.com. as much as i try to stay off list i end up on them anyway. i am on this list, apparently you are on this list, foxnews.com is on this list, tell us what you found here and is this a donation in kind and what about the money that flows back from the group once the democrats got empower? >> what happened is the government, the department of homeland security and the state department made a d

-- peck's production cuts but we all know ahead of midterms here is what energy secretary he jennifer granholm of the move watch this. this is about -- what the people are feeling on the ground this is not about political moment. maria: not about the political moment she said a, biden says he is willing to authorize more sales strategic reserve if needed lowest levels since 1948. >> this strategic political reserve the last couple years the truth of the matter spr at left level since 148, here is incidence between now and 1948 we twooul used 27% more oil today than we did in 1948. this is a very precarious position we are in today, a time of dramatic geopolitical upheaval we need to have that spr dealing with current geopolitical situation we're in today. >> we know that because oil is fungible even though u.s. has this embargo on russian oil russia stock oil noz towards a lot of europe it is still sold elsewhere jacked up prices tickling down to us how much does domestic minimumization of oil production relines on spr provide more profit margin to us more profit margin to our adversaries. >>

. >>> i want to bring in the energy secretary, jennifer granholm, thank you for being with us. 15 millionls from the strategic reserves, that's less than the country uses in a single day. how much of a difference will it make? >> it's about a million barrels a day for the past six months. we use more than that, but this is sold on a global market and everything at the margins help. so we want to increase that supply to try to bring down price and moderate supply and demand as we move into this winter. >> so bring down gas prices. what do you say to critics who say this is beyond what the strategic petroleum reserve was really intended for? >> this is war-time footing, the president declared an energy in march when we first decided to release a million barrels a day. why is that? because russia invaded ukraine, a major oil producer. pulled millions of barrels off the market. we also know that uk and eu are taking action again to stop the import of russian fossil fuels, that may have another impact. we've seen what opec has don. we are subject to what global actions are doing, but we have t

additionally, i asked the secretary of energy jennifer granholm, first-rate person, to lead a super charged effort across the entire federal government. she's going to be -- she's going to put in place the puerto rican grid recovery modernization team to bring to bear the technical assistance and additional support for puerto rico. we'll help, we'll help as you work to repair your grid quickly. there is the game plan for the transformation. you know, many people have family friends in florida. your hearts are with them right now. and their hearts are with you h jill and i will be in florida on wednesday. as i made clear, times like these our nation comes together. put aside our differences. if we lost our home, we hope people show up for us as well. i want the people of puerto rico to know i'm dmited my entire administration is committed to standing with you every step of the way. as long as it takes. proud son of puerto rico offered a prayer for all of those who suffered through hurricane. he said give us generous hearts that we may continue to use our gifts to support them. the people of

announcement tomorrow on high gas prices i'm at a climate summit in seattle with the energy secretary, jennifer granholm. >> what can we expect? >> i'm not going to get ahead of the white house. suffice it to say that the president, if there's one thing that makes him lose sleep at night, it's that people are paying more money for energy and gas at the pump is the most visible manifestation of that. however, i will say that over the past few days we have started to see prices at the pump on average tick down about five cents and we hope that that continues. obviously the upward tick in prices, some of which had to do with opec's decision to cut 2 million barrels per day. but the president is looking at this and he's got a lot of tools at his disposal, including the strategic petroleum deserve. >> you said spr. >> i think it's one of the things on the table. >> we expect that announcement tomorrow >> thank you very much diana, just looking at the price of oil, down about 3%. >>> back in may i spoke with investment banking legend ken mollis and asked him whether he thought we were heading for a recession.

i've asked jennifer granholm, a first rate person, to lead a super charged effort across the entire federal place the puerto rican grid recovery modderization team to bring to bear all the federal resources and technical assistance and additional support for puerto rico. we'll help as you worked to repair your grid quickly and drive decisive progress on the game plan for puerto rico's clean energy transformation. [applause] i also know many people in puerto rico that have many family friends and friends in florida. your hearts are with them right now. their hearts are with you. jill and i will be in florida on wednesday. as i made clear, times like these our nation comes together, put aside our political differences and get to work. we show up when we're needed because if we lost our home, if we lost the loved one, we hope people would show up for us as well. i want the people of puerto rico to know i'm committed to my entire administration is committed to standing with you every step of the way as long as it takes. the white house reception honor and hispanic history month, a u.s. army cha

and so, the white house and the energy secretary, jennifer granholm, in this meeting, according to oneatened an export ban for u.s. energy products if these companies do not start to bring these prices down. and really did what was described to nbc as a lecture of these officials. that's according to this new reporting from cnbc's and how she, who spoke to four sources with knowledge of what happened here. but we know that the administration has been really focused for weeks on this particular concern. particularly as they were preparing for hurricane ian, president biden, making specific reference to the need for these companies not to price gouge during the hurricane when he spoke on wednesday, and then again on thursday. take a listen. >> for give me, i want to add one more warning. this morning to the gas industry executives. do not, let me repeat, do not, do not use this as an excuse to raise gasoline prices and gouge the american people. >> do not, do not, do not use this storm as an excuse to raise gasoline prices or gouge the american public. the price of oil has dropped in rec

. >>> let's go to energy secretary jennifer granholm. madam second, thanks for joining us. i'm not sure how much you got from our conversation with michael steele, whether you were plugged in, but he was saying that the issue here today is that you're trying to bring people in to tell people the economy is going to be okay, and that the democrats are putting measures in place that are going to help things just stay the course, but that this conversation about oil reserves, about steadying yourself, steeling yourself for the ups and downs of this should have started happening months ago, the democrats should have been on board months ago instead of coming out today to try to stem the bleeding in the polls. >> first of all, this is about people are feeling on the ground, this is not about the political moment. the president has been releasing 10, 30 million barrels per day, from the strategic petroleum reserve, since the, almost since the war began, a little bit after the war began, because russia pulled all of those barrels essentially off the market when it invaded another

energy secretary jennifer granholm issued a statement on exxonmobil's hesitancy to redirect exports and build its inventories in united states, saying the company that made nearly $200 million a day in profits should be passing savings on to customers. is there anything that can be done to compel big oil to use its profits to help consumers? well, not so much that would be like compelling me to spend my money a certain way, and that's just something that doesn't exist in the us. i will say, though, that the best move that potentially could be done that proves oil companies aren't setting prices that governor newsom wave the stringent carb requirements for california just days ago, and that's already having a profound impact. keep in mind. california is the only state of the nation that is still or was still on summer gasoline, and there certainly is a cost to the many policies that california has on the oil sector. turn in terms of special gas blends the highest taxes in the nation, as well as the cap and trade program that impacts what motorists pay. meanwhile more and more talk about

and when you put people like gran buttigieg and people like jennifer granholm in charge of the economy, they can't get usen they don't have any kind of experience. they know not what they're doing.e doing. and who you talked about you talked about the presidentce pri and vice president . you're right. they don't know anything aboutan the economy. but who doesythingwho does? runt everyone who knows anything about how to run anything in this white house. nobody use? . >> steve moore. well said, tammy. bot great job, as always. thank you both.t now to a brandt from all right. now to a brand new report from john solomon at just the news.com. according to his findings, the biden administration is now giving millions of your taxivat dollars to private groups thatau then turn aroundnd and target and censor social media posts that they misinformation. misinf apparently, i'm on the list. or joining us to explain, the editor in chief of just the news.com, john solomon, you know, it seems as much as i tryy and stay off o this, i end up on them anyway. john , i'm o n this list. apparently you're o

additionally i have asked the secretary of energy, jennifer granholm with an effort across the federal government and put in place the puerto rican grid recovery modernization team to bring to bear all of the federal resources and technical assistance and additional support for puerto rico. and we'll help, we'll help, as you work to repair your grid quickly, and drive decisive progress on the plan for clean energy transformation. you know, i also know many people in puerto rico have many family, friends, and friends in florida. and your hearts are with them right now. and their hearts are with you. jill and i will be in florida on wednesday. as i made clear, times like these, our nation comes together, to put aside our differences, our political differences, and get to work. we show up when we need to. because if we lost our home, if we lost a loved one, we would hope that people would show up for us as well. i want the people of puerto rico to know i'm committed to my entire administration, is committed to stand with you every step of the way as long as it takes and the white house re

i have asked the secretary of energy, jennifer granholm, a first-rate person, to lead a superchargedffort across the entire federal government and she's going to put in place the puerto rican grid recovery modernization team to bring together all the federal resources and technical assistance in additional support for puerto rico. it will help as you work to rebuild your grid quickly and drive decisive progress on the game plan for puerto rico's clean energy transformation. host: president biden yesterday in puerto rico. he is headed to florida tomorrow in the wake of hurricane ian, to survey damage and talk about recovery efforts. in the trip to puerto rico, the president announcing $50 million in additional aid for puerto rico to help in recovery efforts , just one of the topics he talked about. the president is at the white house today. we expect a white house briefing this afternoon. you can watch that here on c-span later this afternoon. this morning in this first hour, taking your calls on recent weather events, asking you if they have altered your view on the issue of climate