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Mixed start to new week for stocks, oil up as tensions rise in Middle East
Description
As the world holds its breath, the Middle East situation continues to unfold with President Trump's surprise announcement that he's putting a planned attack on Iran on hold, citing negotiations with Iranian leaders. Meanwhile, oil prices are on the rise, and the US is bracing for potential economic fallout. In this episode, we dive into the latest developments and explore the implications of this sudden shift in strategy.
Frank Mottek touches on the impact of the Iran situation on the global economy, including the rising cost of gas and the potential effects on consumer spending. We also discuss the latest news from the world of finance, including the upcoming IPO of SpaceX and the potential implications for the stock market. Our expert guest, Jon Najarian, shares his insights on the current market trends and offers advice on how to navigate the volatility.
The episode also delves into the world of politics, with a discussion on the proposed abolition of the federal gas tax and the potential benefits of letting states decide how to allocate funds for infrastructure projects. We also explore the complex situation in the Middle East, including the recent deployment of Pakistani troops to Saudi Arabia and the potential for a nuclear conflict with Iran.
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