Oil and the Economy
Jill on Money with Jill Schlesinger
Audacy
4.6 • 1.9K Ratings
🗓️ 16 April 2024
⏱️ 12 minutes
🧾️ Download transcript
Summary
I joined CBS Mornings with a look at the potential disruptions to the global economy, including impacts on oil markets after Iran's unprecedented launch of more than 300 missiles and drones toward Israel on Saturday.
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Transcript
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| 0:00.0 | Welcome to the Jill on Money Show. It's Tuesday, April 16th, and we are here trying to help you make |
| 0:09.2 | sense of headlines, answer your financial questions, and be all around smart folks who help you decipher |
| 0:17.1 | the things that are just maybe bubbling up into your newsfeed. |
| 0:20.9 | So I am Jill Schlesinger, and I'm going to invite Mark Tellerio my compadre over here. |
| 0:27.0 | Come on on that microphone Mark. |
| 0:30.0 | I'm here. |
| 0:31.0 | Did you get a new microphone after we got the complaint from my friend at CBS? |
| 0:35.7 | No, but it's always the same person who complains. |
| 0:37.8 | I only one. |
| 0:38.8 | But if anyone thinks Mark needs a new microphone, I have offered to buy him a new one. |
| 0:42.4 | He says no. So so Mark over the weekend as the |
| 0:46.7 | Iranian strike on Israel was taking place I had a feeling that maybe my Monday morning might be a little bit different. |
| 0:54.9 | And so I was asked about what's going on in the oil market, and when I was talking to producers |
| 1:00.7 | on Sunday, I said, don't be surprised if it's not that big a reaction, |
| 1:06.5 | which is exactly what ended up happening. |
| 1:08.4 | It was not that big a reaction in the oil markets. |
| 1:11.8 | And the reason is that so much of the oil markets move is in |
| 1:14.0 | in the market move is in anticipation of things that are happening. |
| 1:20.0 | So it is not as if the entire oil complex hasn't been on heightened alert since |
| 1:26.7 | October 7th. There's this fear that there will be an escalation of fighting in the |
| 1:31.5 | Middle East which would would disrupt the flow of oil and really start to impact economies in a negative way. |
| 1:39.0 | But that is not where we are this minute. |
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