Transcript
Lindy Lee (0:00)
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Eric Bolling (1:18)
All right folks, what a day in the markets. We know what's going on geopolitically, but what a day in the markets. Take a look. The Dow Jones this morning, late last night, this early into, you know, three, four in the morning, five in the morning maybe I was watching down 800 points, 775 points in the Dow down. Nasdaq was down 600 points. Middle of the night, wake up, it opens down 500, down 350. Spent the whole rest of the day making its way back up. Nasdaq's going to end up up around 80 or 90 points. S P is going to be up. Dow is probably down a little bit, but what a comeback. That's a massive comeback. And this is all based on what's going on in the oil markets. Obviously what's going on with Iran? We're going to touch on that in just one minute, but let's just jump over there. So oil immediately jumped $7 a barrel, ends up about $5 a barrel higher, trading around 72, $73 a barrel. Obviously when you, when you attack a producing nation like Iran, one of the largest producers in the world, oil prices are going to jump. That's just the way it is. Some of the threats within the street of Hormuz, the big oil shipping channel, also causing oil prices to jump. You see the gold market, at one point, gold was up almost 200. Now it's, it's about a hundred dollars an ounce higher. 50, $350. We've been talking that a long time. And crypto finally made a move up MO 4, 63, 64, 65 area up to 68, 69, maybe pushes through 70 tomorrow. All right. Trump administration has brought a lot of positive change when it comes to fixing our broken health care system. But the reality is that there's only so much any government can do and that if we really want to make America healthy again, Maha, that starts at home with each and every one of us. That's where the Wellness Company comes in. You see and hear from the Wellness Company doctors all the time on this network and on this show. And you know their products are the gold standard for keeping you and your family safe and healthy. The Wellness Company gives you the opportunity to make sure you're prepared for whatever happens with their prescription medical kits. Kits that contain an assortment of life saving medications and guidebooks to assist you in the proper use of the medications. Additionally, the Wellness Company offers a variety of products from parasite cleanses to methylene blue to weight loss and so much more that can help you stay healthy and live a longer and more satisfying life. Make America healthy again starts at home. Do your part. Protect the health and the health of you and your family. Go to TWC Health Voice. TWC Health Voice. Order today. That's TWC Health. Slash voice. And by the way, if you use the promo code voice, V, O, I, C E. Use it in that little promise promo code box. You'll save 10%. All right, I want to do this very quickly. We talked about the oil markets. I spent 15, 16 years of my life as an oil trader. I traded all this stuff. Here's the first chart. I want you to look at this and the reason why there's so much emphasis on, in the markets on this, this one little area. See that tiny little area? It's called the Strait of Hormuz. There's a little area that's, that's the Middle east, folks. On one side is Iran. The other side is Saudi Arabia, Oman, Iraq in there as well. If you zoom in with the next chart, guys, you'll see the straight of hormones. The reason why this is a tiny, tiny little channel that get this, 20% of all the world's oil, all of it, 20% on a daily basis goes through that Little Tiny channel. 31% of all the seaborne oil, anything that's on the seas right now goes through that channel. Iran sits on that channel. Carg island is their biggest offloading. They offload oil into the Strait of Hormuz at Carg island, right before that choke point on the other side, Saudi Arabia, they offload their oil. The oil comes around the bottom, straight through the Gulf of Aden onto Europe, and then to the United States. Problem is, Iran in the past has put death charges. They put bombs under the water in the Strait of Hormuz so that you can't ship through there. You risk blowing up your ships. And so people stopped. And that is the biggest risk. They haven't done it yet this time.