l l. c. octavio always a pleasure to have you here. and as we talk about, there's a lot going on with opec, and without an agreement on production cuts or ramping up production, that is to say, opec will keep oil production at its current levels, which means it will under supply the global market by about $2000000.00 barrels of oil per day can that lead to a $100.00 a barrel area and cause serious economic harm? well, i think it's clear that if they carry the current production levels, we're going to see a big increase in the oil price. now we're going to break through $100.00 a barrel quite possibly. better and my back in 2008. we saw the price of oil break through $170.00 a barrel. so we can clearly have a lot of upward room in terms of oil prices. so if they, if they remain, and i think it's a very big if, if the remainder current production levels, we're going to see basically oil prices spike a $100.00. i think it's easy, reachable, we might well go beyond a 100120. i don't know how that will go. i think the sky is the limit there in terms of where we could go in a little prices. if there is not an increase in production from opec in our tabio, another player, and this has been the u. a, we see that there are a growing economic power in the opec cartel, even challenging saudi arabia for economic dominance of the region. but the u. a has also dropped kids that if they don't get a bigger slice of the pie and a bigger speed at the table, so to speak, they may actually leave the group entirely. what would that mean for a world oil supplies? well, i think the, you a sort of clustering for economic dominance in the air is a bit difficult to see. i mean, you might argue that there are economies some slightly better shape, and saudi arabian have a low budget deficit that may be slightly less dependent on oil than, than some gabriel. so they have a more diversified economy overall. but i didn't really think that they're going to dominate anytime soon for the foreseeable future. saudi arabia's going to continue to be the driving force in that part of the world. and that will change despite the fact that the, you a might like that to change and in favor. so what does that mean if there's, if there's no production cost? so if some like you a actually basically leaves opec altogether. well, i think we'll see the market flooded with oil. the price of oil clamps overall will go much, much lower than currently is. and eventually you even saturday raping other opec members will come back to the table trying to fix that. so we might see a d h c, turn that direction with the big increase in oil production, a big lowering the price. but that's not something any of the opec members want. you, you doesn't want that saudi arabia doesn't want. and they will know this is sort of post string on the part of the li, basically saying if you don't give me what i want, i'm going to blow up the world. so i think they'll find some sort of combination for you either come some, some sort of compromise will out say face, but we'll still have this production cuts in place by the end of july, probably in august sometime. and octavio russia is also very concerned about high oil prices, and they don't need a high of an oil prices. they saudi arabia or the u. a to show a profit. russia has been more hawkish while production increases, as they fear that they will actually lose market share to other producers. saudi arabia, on the other hand, is it worried about losing market share? as you just mentioned, they're raising prices for oil to all of their customers in europe, the u. s. and asia. so what would higher oil prices mean for russia in the situation? well, i think we can just say that for us or overall, it's a positive. russia is a very big oil producer. i mean, the oil accounts, about 10 percent, they record me over all. but about 30 percent of the russian governments federal budgets. so it's a very important factor overall in the running of the russian economy in the running of the russian government. so they'd like more or less to see high old prices. but the question is how you get to the higher prices? is it through production costs? it is through some other means is it through an increase approach? that is really the key issue. so they're afraid of basically losing overall revenues. and if prices run away, but their production stays very low, they often be losing market share to other players, and they don't want to see that. so they would like to see high all the price. this is very good for the most economically in terms the budget, however, they want to have the right production levels to get this. so i think russia is going to be very much in favor increasing production. we see a big surgeon demand for oil on, on the way. they're going to want to take a long shot and increase the production of the same type and quickly activity. before we go. do you see them working out this opec scenario in the next week or 2 to, to come to an agreement? i strongly suspect that, well, if you look what happened and we'll prices today, basically down quite sharply. i think overall the market is expecting that the to see that occur. so i think this is a better sort of pushing back and forth, shoving back and forth between saudi arabia and the u. a. and eventually they'll come to some sort of arrangement and some sort of accommodations. and i think will probably have initial order. and if they don't, well, there's can be, fireworks is going to be interesting to watch. we'll see a skyrocketing oil price, potentially in the clamps octavia, mirandi of optimist. l l. c. thank you so much for your analysis today. thank you. and the fight over whether social media giants should be given legal immunity for the content posted by their users is heating up around the world. in hong kong sites like twitter and facebook have joined a coalition of tech and social media firms that are threatening to cut off their services altogether. they are responding to proposed legislation aimed at changing the way these sites handle harmful content. they argued the language is too vague and broad. they also said it's unfair to hold local staff responsible if they're overseas based companies do not remove content on their platform as authorities required and it doesn't stop their twitter is also facing pressure in india, where the country's government is alleging the platform refused to comply with this new i t regulations, that's according to a new court filing from india. as i t ministry, which says that as a result of twitter is noncompliance, it has lost its ille

l. l. c. thank you so much for your time. thank you. ellen mark was in court on monday and tuesday defending tesla's purchase of solar city. now in order to understand this case, you have to go back to 2016. when musk was the chairman of both companies and both were essentially unprofitable, must decided, are much better to say cited that to save the companies, he would combine them into a $2000000000.00 tie up to establish a single, clean energy business. so what's the problem here? well, mosque is accused of having combined the companies to benefit only himself and to bail out a home solar company that was about to become and solve it. joining us now to dig deeper on this story as boom, bus co host investigative journalist, ben swan, ben who's making this charge against you on moscow. why? yeah, so essentially the plaintiffs are our funds that own tesla stock, right. and so what they're saying is that back when this deal was made, as you said, back in 2016, the law must was running to companies running tesla and he's runnin

there are tabio marines, the ceo of optimist, l l c, and michael pen, joe, ceo of pinto portfolio strategies. michael, let's start with you here. what are the odds we're going to see the fed actually take any kind of meaningful action as a result of next week's meeting? well, i think they're going to announce the plan to start tapering jackson hole. so it's an august meeting jackson hole. they say we're going to start to bring in december and probably wind down purchases over the next year. but here's the only point that you guys should all understand is that from the beginning of the federal reserve, in 1913 to 2020 a 107 years of that institutions existence, the bed bound group of $4100000.00 in the last 5 quarters, the bed belgy has grown to a point 2 trillion dollars. so the entire existence of the bell reserve, the last a 107 years, or why one julian, and we don't 5 borders. so it's going to be very, very difficult to unwind a $120000000000.01 trillion dollars of counterfeiting this time around. it's going to be even much more difficult than it was in 2013 when the stock market and bond

member with the british american business association and president, obstruct market consulting, l l. c. thank you so much for joining us as always, hillary. so what is the take away from this tre data? does it slower the show that that slump was really only temporary? their pleasure to be back with you brand and also rachel, a pleasure to be here, but a couple of things. yes, it absolutely does. and one of the things this does, of course, is it actually thoughts all those doom and gloom predictions and a few things i would like to practice. i'd like to mention on the bank of thing and actually projected that growth in the u. k. this year will be 7.25 percent, which is the fastest growth since 1941 with re altima for world war 2. so definitely also the city of london last week, just re a claimed, it's crown as the financial capital over amsterdam. now the great data point and also lives trust who currently is over here. she's the trade representative from the u. k. she's currently over here to negotiate a u. s. trade deal. she has now completed 68 of the 70 trade deals that the, the bri

in depth on national spring and boom, bus co host christy i, and knock tabio moran z c o over miss l. l c. kristi, let's start with you. what do we need to know about this crackdown and why are investors responding so strongly? well, this moved to rain and chinese tech jones pretty much come after the u. s. past the law, the bars foreign companies from trading on us exchanges. unless they surrender to audit. so given this china for years that data on its citizens could, and that's in the hands of its biggest political rival, the china, the big tech companies have basically been the pride, enjoy the country for some time now. but they've done in size and wealth and they've created new challenges for the government authority. so these tech companies, they collect a massive amount of data on their users eclipsing the capabilities of their western cohorts. so d d, for example, they collect gps trip traffic per floor user invoke facial recognition data and even audio recording of the passenger in the car. so then in the case of a foreign intelligence, there's a lot of sensitive data here. and

movement, the certainly the post world war to us labor movement, official labor movement, the f l, and later f l. c i o. after 1955. really bought into the cold war or id, ology, of repressing and eliminating the left within the us trade union movement and supporting us foreign policy to eliminate the left in trade unions around the world . and that went right hand in hand with the policies towards latin america, towards central america, to try to promote what they called free trade unions. and that's why the a filter, the american institute for free labor development, was basically an anti communist push to try to de radicalize labor movements. and often with very high degrees of repression, including murder against trade, union activists, who saw the kinds of, of, of economic changes of reform, spit the united states. opposed. although in central america, when we have revolutions going on in nicaragua, salvador pharma and the united states is adamantly opposed to those revolutions, and a field plays an important role trying in trying to undermine those revolutions. however, i should also say that

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c. l. a study indicates sky high house costs are a significant factor behind california homeless crisis. and a study contained in the latest u. c. l, a. anderson forecast released wednesday. this is 3 years ago. you say found that higher median rent and home prices are strongly correlated with more people living on the streets or in shelters their research back. other studies that have found a similar relationship last year, zillow released the study that showed that a 5 percent rent hike and l. a county where more than $50000.00 were then are estimated to be homeless. would cause 2000 additional people to lose their homes. being homeless is absolute, human suffering in dignity, a crime against humanity essentially. and that's left going inflation that they love the guardian writer or cherry picking information. they're saying they're looking at one set of data which shows that wages are on a percent basis up. and they're making a conclusion that well, why shouldn't left be happy about this? because wages are up. so they refuse to simply add context to that number and say ok, wages are up this much better places up more. so your a

f-r-e-d-e-r-i-c-k -- and then m-i-l-l-e-r. did you say spell it? oh, okay. we're just waiting on the dispensary see what they got. i was hoping like a willy wonka thing, you know. somebody come out, doing tricks, but so far it's just cold. [ laughter ] [ cheers and applause ] >> jimmy: it's got what they call "it." i thought freddie would be a very good fit for this job so i decided to play marijuana matchmaker. ede to l. r an with the ceo of >>ow you doing? >> how are you? chris. >> nice to meet you. >> great to meet you too. >> you guys did something very clever, you really got our attention with this job posting. >> thank you. >> let me read some of it. this paid three-month internship is a cannabis aficionado's dream come true. we're seeking a passionate, detail-oriented creative writer to review every single product on our weed plidelivery platfor mj. creativity and passion for cannabis is a must. how many applications did you get for this? >> we're at 1100 so far. >> you would have to hire somebody just to go through they'd, i would think. >> you're co

simultaneously while spelling the word "machiavellian." [ cheers and applause ] >> i believe that's "m-a-c-h-i-a-v-e-l-l-i-a-nause ] >> phoebe: oh my god. that's amazing. okay, okay. now this one's a little harder. challenge number two. dribble six balls simultaneously while spelling the word "amaryllis." >> i think it's pronounced amaryllis. [ laughter ] >> phoebe: amaryllis, meaning a bulbous plant with white, pink, or red flowers, amaryllis. >> thank you. >> phoebe: you got this. >> i hope so. [ laughter ] a-m-a-r-y-l-l-i-s. [ cheers and applause ] >> phoebe: oh, my -- okay. wowza. okay. and for your final challenge, we have a special guest presenter. all the way from marseille, france, the man who helped you win the crown -- mr. bill murray! [ cheers and applause ] oh my god, oh my god, okay. bill, why are you all the way in france? what's going on? >> well, hello, phoebe. i came over here with a movie called "the french dispatch." we opened the other night at the cannes film festival. >> phoebe: wow. >> and it's a very good film, and the french really love it, so i think the americans will too. [ cheers

c l. a during the sixties became the bruins head coach in 1976. he led u c le conference titles and three rose bowls. donahue was hired to be personnel director for the niners in 1999, then took over the top management job two years later. he died at his home in newport beach after a two year battle with cancer. the death of an nhl goalie in michigan is being blamed on fireworks. columbus blue jacket goaltender matisse curve. lennox died last night. medical examiner says the goalie died of chest trauma caused by a fireworks, mortar blast. police say the 24 year old from latvia was with other people in a hot tub when fireworks caused everyone to rush out. he was taken to a hospital where he later died. the blue jackets called his death a tragic accident. closer to home police in modesto. we're searching for a father they say kidnapped his son and stabbed the child's mother. the abduction of 11 year old adler lopez laura saturday night triggered an amber alert. police say the child's father, walter laura, kidnapped his son after attacking the boy's mother in the

l g b t q protests last week. right and church support is attacked l g, b, c, q, campaign us who are planning to hold pride events in the capital sibley. see dozens of journalists were injured in the violence that net to the pride march being camp . so now also, alexander lasker of the janice and opposition protest had promised to keep challenging georgie in societies, traditional values and demanding the prime minister's resignation. earlier we spoke to nana burge and id say. he worked with alexander les carrabas. she told us how she views the government's response to last week's attack on l. g. b t, q activist. today, the prime minister made the statement on the constitutional statements. i can't call any other way because you said that the majority of people are against they felt they denied the rights of minorities today was just the shocking press conference, not only they're not taking the responsibility over what they see last monday, but they're completely trying with all the supper talk and everything to justify all the mischief baby because there were no going forth meant by the l. c. b c office at that day where they knew that anti christ, why would, would, would be there british police and now investigating online racist abuse, targeting 3 black english football as after in the last 02020 final to italy. the police say raises social media posts were directed at marcus, bradford, jaden, santa mikaya, saca after their miss penalties. help italy when the game england coach garrett southgate has called the b unforgivable. meanwhile, the returning heroes of italy's

l g b t q protests last week. right. and church support is attacked l g, b, c, q, campaigners who are planning to hold pride events in the capitals, tbilisi, dozens of journalists were injured in the violence that net to the pride march being cancelled. now off the alexander lasker of the jennison opposition protest had promised to keep challenging georgia in societies, traditional values, and demanding the prime minister's resignation. earlier we spoke to none of boys in id say, who worked with alexander lash corolla. she tells us how she views the government's response to last week's attack on l. g. b t, q activists. today, prime minister made the statement on the constitutional statements. i can't call any other way because you said the majority of people are against the so basically denied the rights of minorities. they were just the shocking press conference, not only they're not taking the responsibility over what they see left monday, but they're completely trying with all the supper tags and everything to justify all the chief safety. because there were no or inforcement by the l. c. b, q office, at that day where they knew that anti pride violent would be their non version need. so the channel executive, a tv, parvati speaking to d, w a little earlier from tbilisi or british police and now investigating online racist abuse. targeting 3 black english football as after england lost the euro 2020 final to italy. the police say races, social media posts were directed at market. bradford jaden sanchez bouquet of the miss penalties held italy when the game england coach garr

it was an academic scholarship that helped him get into u c l a the challenges in his life would have stopped so many of us after graduating u c l as far as it worked as a support councillor for family service agency, seneca. and countless foster youth. he really was someone who live to serve and it's just an unthinkable tragedy. a life eager to make a difference. cut tragically short. azenith smith ktvu fox two news. amanda it's sonoma county, recovering after he was hit by a truck and then dragged in his wheelchair. the crash happened on the west side of one on one right. it doesn't avenue. it's a basketball road, one of the santa rosa's busiest intersections now, police say both the driver the pedestrian have the light with a light turned the 68 year old amputee got into the crosswalk on dutton avenue. but just moments in the pickup, knocked him down and dragged the motorized wheelchair with the man still on it. by time he realized he hit somebody. he's slamming the brakes, but it's already been moving. 2030 ft at that point, poli citing the driver for failure to yield greg knapp of former assistant coach for the 40. niners i

c. and an anti l g b to rally an angry mob ransacked the offices of the local l g b, t, pride, organization, and the tax activists. and journalists, politicians and georgia, leaving the government for encouraging violence. or maybe there are many responsible people, but when the violence is openly announced in the country and it is not prevented the main responsible person is the government. not turning. the violence were very clear, but the interior ministry was not prepared enough to prevent this violence. the green light to this violence was given by the prime ministers very shameful and unlawful statement made in the morning. some of these are the words that many considered responsible for inciting the violence when the young today's l. g b t mark poses a threat of confrontation was, as you know, the majority of our population considers today's rally unacceptable. which is why i do not think it should be held on ro, steadily avenue out in which other this is going to be, is there? what happens next caused international abroad police were quickly overwhelmed by the massive pride activist

c, in an anti l g b to rally an angry mob ransacked the officers of the local l. g b, t, pride, organization, and attacked activists. and journalists, politicians and georgia, leaving the government for encouraging violence. or maybe there are many responsible people, but when the violence is openly announced in the country and it is not prevented, the main responsible person is the government values, the violence of very clear. but the interior ministry was not prepared enough to prevent this violence. the green light to this violence was given by the prime ministers, very shameful and unlawful statement made in the morning, dahlias summer. these are the words that many considered responsible for inciting violence. when the young, today's l g b t, mark poses a threat of confrontation. as you know, the majority of our population considers today's valley unacceptable. which is why i do not think it should be held on will steadily avenue out in which other this was this company, is there what happens next caused international abroad police were quickly overwhelmed b

c and an anti l g b to rally? an angry mob ransacked the offices of the local l. g. b t, pride organization and attacked activists and journalists, politicians, and georgia, blaming the government for encouraging violence. there are many responsible people, but when the violence is openly announced in the country and that is not prevented, the main responsible person is the government values of ireland. so very clear, but the interior ministry was not prepared enough to prevent this violence. the green light to this violence was given by the prime ministers very shameful and unlawful statement made in the morning. some of these are the, was that many considered responsible for inciting the violence when the young, today's l. g b, t model, she poses a threat of confrontation. as you know, the majority of our population considers today's valley unacceptable. which is why i do not think it should be held on will steadily avenue out on the other. this was, this is what happens next called international abroad. police were quickly overwhelmed by the massive pride activist

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president biden went his wife to the hospital for the procedure. >>> there are covid concerns at a massive music festival in chicago, and a former high-ranking catholic official is in legal trouble. those are some of the headlines on the "morning newsstand." the "associated press" says former cardinal theodore mccarrick was charged with sexually assaulting a teenager. court records allege he assaulted the boy during a wedding reception in massachusetts in 1974. he is facing three counts of indecent assault and battery. mccarrick was defrocked in 2019 after a vatican investigation confirmed he sexually molested children and adults. he's the first cardinal in the u.s. to ever be criminally charged with a sex crime against a minor. >>> "the san diego union tribune" says a san diego-based sailor was charged in connection with a fire that destroyed a navy ship last year. the navy said the sailor was a crew member on the "bonhomme richard" and is accused of starting the fire. the flames burned for four days and caused damage to the ship while it was docked off san diego. the sailor who is facing charges including aggravated arson has denied responsibility for the fire. >>> the "chicago tribune" said lollapalooza kicked off yesterday at chicago's grant park. the music festival opened amid concerns of rising covid cases. attendees must show proof that they've been vaccinated against the virus or that they've tested negative within the last three days. >> i have my vaccine card. >> vaccine cards. >> tests. >> test. >> vaccination card. >> i brought a test. i'm definitely not vaccinated right now. >> a little nervous because of all the breakthrough cases. i'm not going to get up as close to the artists so i'm going to keep my distance. >> unvaccinated people must also wear masks. roughly 100,000 people are expected to attend the festival each day. it runs through sunday. >>> still to come, mcdonald's unveils its next celebrity meal. we'll tell you who is teaming up with 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l, g, b, t i q people, well are several opponents, origins of adopted laws declaring themselves free of what they call the l g. b. c, ideology, a separately war source constitutional court has now said it rejects decisions by the use court of justice. and brussels has similar troubles with hungry as well as talk to a new hungarian law bands, depictions of homosexuality and educational materials and tv shows for the underwrite teens. the government has also ordered disclaimers to be put on books featuring gay content. so they contain quote behavior inconsistent with traditional gender roles. and it seems the local authorities perceived that laws differently to the e. u for you in parliament. and the european commission wanted to let the l g, b, t, q activists, and organizations in schools and kindergarten. hungary does not want that debate is about who decides which way we should be the children. according to the european founding treaties, this question evidently falls under the competence of the hungarian when it is a national competence. v you law has primacy over national law and all decisions by the european court of justice, including orders for interim measures are binding on member states authorities and national court. we spoke with j a political analyst, our ratner offers, who believes that he needs to widen its focus. so the question for me also as an observer is, why does the you react on such as a ration of single government in only specific metric field? we look at other metric fields where governments in the european union have violated law and you have not seen that trick. for example, when the showing an area of the out of borders were not protected in 2015. no, really. if you read off that you do or h

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[a[announcer] ] you can quq. for freeee help, callll 1-800-quiuit now. delicia: this is where all our recycling is sorted -- 1.2 million pounds every day, helping to make san francisco the greenest big city in america. but that's not all you'll find here. there are hundreds of good-paying jobs, with most new workers hired from bayview-hunter's point. we don't just work at recology, we own it, creating opportunity and a better planet. now, that's making a difference. >>> back now with news >>> back now with news of the tragic and accidental death of an nhl goalie. latvian born matiss kivlenieks of the columbus blue jackets was at a party in michigan yesterday when a firework suddenly struck him in the chest, killing him. he was just 24 years old. >>> now we turn to a hidden danger in our own homes. every year, more than 2,000 young children accidentally swallow a button battery which can be deadly. catie beck reports on what you can do to protect your family. >> reporter: like most 16-month-olds, reese was a ball of energy. >> she was a spitfire. she made her presence known from the second that she could. >> reporter: tragically, in october of 2020, she got ahold of a small button battery from inside a remote control. her mother trista realized reese had swallowed it when she noticed the battery missing and reese began wheezing. the tiny toddler would undergo several procedures to repair the hole the battery had burned in her esophagus. >> it was a lot of battling sedation. it was a lot of waiting for inflammation to go down. it was lot of praying. >> reporter: her fight to survive ended in december. >> i never knew of the dangers of button batteries. >> reporter: they're found in household items like thermometers, calculator, remote controls, watches, even kids toys and shoes. and in the first seven months of the pandemic, er visits related to button batteries rose 93% among young children. if a button battery is ingested, seek medical help immediately. experts recommend giving honey to children on the way to the er. two teaspoons every ten minutes for children over a year old according to poison control. >> honey helps to reduce the rate of injury the battery causes once it's lodged in a child's esophagus, creating a physical barrier between the tissue and the battery. >> reporter: trista's nonprofit reese's purpose now lobbying lawmakers for better safety standards, mandating screws for all products that use button batteries. >> i would still have reese. i'd be picking her up from school right now. and my family was robbed of those moments. >> reporter: now living a mission to honor reese by preventing another family's pain. catie beck, nbc news. >> that honey tip so important. >>> hollywood has lost a legend. richard donner, the director who brought superman to the big screen in 1978 has died. donner in his long career also directed "the lethal weapon" series, "the goonies" and "the omen." he was 91. >>> when we come back, our harry reid harrrry smith rereflects on a jululy 4th likeke no otother. anand your clolotheu all day. . for sosofter cloththes that e gegentle on yoyour s in, try downwny free & g gen le. just pour r into the r rinse dispenser r and dow yy will softeten your clolothes wit dyes o or perfume es. the towel lth downys softer, , fluffie ,, and gentntler on youour s in. try downy y free & genen le. recogngnized by ththe nationl psororiasis foununda ion and d national e eczema assosoc. 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l. g. c. community . europe will never allow parks of all sides to be stigmatized. we start legal action against hunger and poland for violations of ponder, mental rights of l. g, b, t i q people, or several poets reasons, so often resolutions declaring themselves free of l g b t. ideology. furthermore or false constitutional court has now said it rejects any decisions why the use talk court on the matter of brussels as similar troubles with hungry as well. and you hungry law, binds depictions of homosexuality and educational materials and tv shows for those under 18 of the government. also ordered a disclaimer on a book with gay content to make it to state. it contains behavior inconsistent with traditional generals. it seems, however, the authorities of the single member states and the you itself received the same laws very differently. european parliament and the european commission wanted to let the l g, b, q activists, and organizations in schools and kindergarten. hungary does not want that debate is about who decides which way we should be the children. according to the european founding treaties, this question evidently, falls under the competence of the hungarian when it is a national competence. the law has primacy over national law and all dec