chris toomey, i appreciate you being here. number nine on the barron's 2024 top 250 private wealth management teams. congrats. >> thank you. >> to brian sullivan for a look at the energy sector as tensions rise in the middle east and oil is probably off of its biggest spike of the day, brian. bring us up to date on exactly what is happening. >> i think it goes to exactly what you and chris were talking about because the port strike probably could not have happened at a better time, at least vis-a-vis oil and gas prices. you think about the fact that 25% of all oil is used for transport. heavy trucks, trains, diesel fuel, et cetera. any slight slowdown in that might take that marginal pressure off of oil demand in the united states. so, bizarrely, the timing of the port strike may actually be very good given what has gone on in the middle east. to your point, oil is up 3%. $70 a barrel. off its highs of the day given everything we're watching in israel and all the missile attacks there. here's the point. i think, scott, if this

he fought me all the way on tariffs thch gay fought me and fought moasm his name is toomey. he fought he and fought me. i wouldn't endorse him. he decided not to run based on that. that's good. i said if charges -- if china charges 100%, can we for a similar product charge them 100%? no, sir. ok. can we charge them 5% or 25%? no, sir. why? it's not free trade. i said explain that. can we charge them 10%, 2% #-rbg%? no, sir, it's not free trade. i said yao got to be kidding. i said i wouldn't endorse you under any circumstances. [laughter] i don't know if he really believed this or -- he's not a stupid guy. did he believe this? was there something else going on? anyway. so we're going to bring back the auto industry. also a lot of other industries. this pertains to many, many. we talk about cars. it's so nice to talk about cars. the ultimate thing to manufacture. but we're going to bring back a lot of industry. it's going to be great. fantastic presentation. we appreciate it from everybody. from everybody. is that your father over there? who is that guy? the good-looking guy?

far more than just the second quarter of this year where they've been making too many cars, making toomeyto prolong this period of good times for the industry. longer than it was clear the market had tolerance for or appetite for. >> how much of the purchase incentives that seem to be a theme this morning. something policymakers in europe are prepared to do. >> i think we are hearing even just in germany in the last couple of days and interest in taking another look at the subsidies that were taken off the table about a year ago and our realization that that was a great mistake. i think you need to look no further than the way the german market has played out since that decision was made. and it's a very clear conclusion you have to draw that ev's were just not ready to stand on their own two feet yet. when you pull those subsidies out of the market we saw a huge pullback in demand and it's clear the ev industry needs subsidies in order to sustain the momentum that we've seen the last few years. and we are not ready for the consumer to purchase those cars without some help. >> jobs are ge

when he was doing that, i was passing legislation with pat toomey to get tougher on creditors targetingd of over 25 years in business of mentoring and creating great environments for all workers, including women, minorities. my track record is beyond repute. we are talking about sexual predators, they are coming across the border as we speak. >> u.s. steel announced a $41 billion sale to japan's nippon steel. mr. casey, you urged the biden administration to block that trade. why do you believe the government should block a private business transaction? sen. casey: the key for me are those steelworker jobs in the valley and in pittsburgh. i want to make sure at all costs that those steelworker jobs stay here. they are union jobs. i don't like what i have been hearing from u.s. steel, talking about moving those jobs to arkansas, a non-union state, but that is my concern. my concern is it would be a foreign-owned steel company buying the iconic u.s. steel business and putting at risk those union jobs. we cannot lose those jobs. they would be devastating for pennsylvania. >> mr. mccormick,

when he was doing that, i was passing legislation with pat toomey to get tougher on creditors targetingand also passing legislation to make it more difficult for anyone to commit the crime of sexual assault on campus. mr. mccormick: i have a track record of over 25 years in business of mentoring and creating great environments for all workers, including women, minorities. my track record is beyond repute. we are talking about sexual predators, they are coming across the border as we speak. >> u.s. steel announced a $41 billion sale to japan's nippon steel. mr. casey, you urged the biden administration to block that trade. why do you believe the government should block a private business transaction? sen. casey: the key for me are those steelworker jobs in the valley and in pittsburgh. i want to make sure at all costs that those steelworker jobs stay here. they are union jobs. i don't like what i have been hearing from u.s. steel, talking about moving those jobs to arkansas, a non-union state, but that is my concern. my concern is it would be a foreign-owned steel company buying the icon

he silenced women at the same time that he was doing that, i was passing legislation with pat toomeyt tougher on predators targeting minors and also passing legislation to make it more difficult for anyone to commit the crime of sexual assault on campus. >> time is up. all i want to give you 15 seconds to address that. mr. mccormick: i have a track record of over 25 years in business of mentoring and creating great environments for all workers, including women, minorities. my track record is beyond repute. when we are talking about sexual predators, they are coming across the border as we speak. >> last year, pittsburgh-based u.s. steel announced a $41 billion sale to japan's nippon steel. mr. casey, you called on the biden administration to block that trade. the company has pledged 1.4 billion dollars into the pennsylvania plant. why do you believe the government should block a private business transaction? sen. casey: the key for me are those steelworker jobs in the valley and in pittsburgh. not steelworker jobs but u.s. steel jobs. i want to make sure at all costs that those steel