0:00 seven oil tankers burned or took damage overnight in the strait of hormuz pushing global crude past $111 a barrel in episode one seventy seven we tracked the domestic pressures moving the country today the sharpest shock to the american economy came straight from the water here is the sweep across washington and wall street this hour the state department0:20 ordered nonessential diplomats to depart saudi arabia following cross border houthi strikes on an oil field and a civilian airport to cushion diesel costs before the november midterms the white house is offering to loan nearly a third of the nation's 1,000,000 barrel emergency heating oil reserve on wall street equity futures slid as the energy surge met mixed tech0:41 results tesla cut its capital spending plans to $4,700,000,000 while meta reported nearly 11,000,000 downloads for its new muse app in the courts prediction exchange kalshi is preparing a supreme court appeal over state level betting bans and a federal appeals court in philadelphia heard arguments over the $5,900,000,000 court ordered sale of sitco petroleum keep in mind our market1:04 reporting is general information and our own assessment not financial advice now to the core development i am standing on it here is what i can actually see the islamic revolutionary guard corps claims four vessels were struck during transfers in the northern gulf and three more hit mines west of hormuz that is claimed not confirmed independent monitors have1:26 verified severe damage across the corridor but not tehran's operational narrative what is confirmed is the fallout in new york and washington west texas intermediate crude broke $98 that leaves the federal reserve facing 3% core inflation just days before its october policy meeting where officials had planned to hold benchmark rates steady at the same time a second pressure1:49 point is building on capitol hill both parties are confronting voter pushback against massive artificial intelligence data centers straining local power grids the administration suggested yesterday that operators must generate their own electricity though regulatory authority sits largely with state utility boards with control of congress on the line in november the tech sector's projected $1,000,000,000,000 infrastructure build out faces2:14 political friction it did not have six months ago energy shocks on the water sticky inflation at the pump and grid constraints at home are converging on the ballot box all at once that is the picture from here back to you in the studio
