RUSH TRANSCRIPT Considering all ░░░░░░░░ Israel meanwhile taking hits ░░░░░░░░ Tel Aviv and haifaa ░░░░░░░░ air traffic control while ░░░░░░░░ take shelter but Israel ░░░░░░░░ stock market is moving ░░░░░░░░ other yeah The Tel ░░░░░░░░ 125 index posting five ░░░░░░░░ weeks of gains in ░░░░░░░░ middle of all of ░░░░░░░░ rallying again yesterday Outperforming ░░░░░░░░ peers despite the rising ░░░░░░░░ Joining me is Anderson ░░░░░░░░ management s chief investment ░░░░░░░░ Peter Anderson Good to ░░░░░░░░ you Thank you for ░░░░░░░░ here Your reaxe to ░░░░░░░░ to market morning and ░░░░░░░░ you think markets trade ░░░░░░░░ the middle of all ░░░░░░░░ this You know Maria ░░░░░░░░ has been so difficult ░░░░░░░░ year hasn t it ░░░░░░░░ investors in general just ░░░░░░░░ the items that you ░░░░░░░░ summarized they the opening ░░░░░░░░ the segment and now ░░░░░░░░ have this which is ░░░░░░░░ speculative right now Markets ░░░░░░░░ struggling trying to find ░░░░░░░░ compass In my opinion ░░░░░░░░ don t think there ░░░░░░░░ available a compass right ░░░░░░░░ until we get more ░░░░░░░░ so the question is ░░░░░░░░ investors what do you ░░░░░░░░ in the meantime Do ░░░░░░░░ hold on Do you ░░░░░░░░ in oil depending upon ░░░░░░░░ the situation is going ░░░░░░░░ be diffused or if ░░░░░░░░ will escalate so it ░░░░░░░░ challenging for investors to ░░░░░░░░ a sense out of ░░░░░░░░ as it also is ░░░░░░░░ professionals Maria I ve ░░░░░░░░ to tell you I ░░░░░░░░ I ve been thinking ░░░░░░░░ this all weekend since ░░░░░░░░ first broke out and ░░░░░░░░ me it feels like ░░░░░░░░ U S just took ░░░░░░░░ a huge threat I ░░░░░░░░ I said to myself ░░░░░░░░ could see this market ░░░░░░░░ I don t know ░░░░░░░░ we ve goat a ░░░░░░░░ move got a fractional ░░░░░░░░ people are cautious we ░░░░░░░░ not sure how to ░░░░░░░░ this but in my ░░░░░░░░ you take a look ░░░░░░░░ the fact that the ░░░░░░░░ S just took out ░░░░░░░░ of the most important ░░░░░░░░ and that is nuclear ░░░░░░░░ from the leading sponsor ░░░░░░░░ terrorism I would say ░░░░░░░░ ve got to buy ░░░░░░░░ markets and look at ░░░░░░░░ s going on in ░░░░░░░░ Aviv Five straight weeks ░░░░░░░░ gains Am I wrong ░░░░░░░░ think you have to ░░░░░░░░ this back say within ░░░░░░░░ hours and then we ░░░░░░░░ know but I certainly ░░░░░░░░ you know I m ░░░░░░░░ optimist and bullish investor ░░░░░░░░ of the time through ░░░░░░░░ these other cry sees ░░░░░░░░ all of these other ░░░░░░░░ I can t disagree ░░░░░░░░ the tremendous accomplishment The ░░░░░░░░ is how will Iran ░░░░░░░░ If they have a ░░░░░░░░ solution then things will ░░░░░░░░ and I think you ░░░░░░░░ correct However we just ░░░░░░░░ t know what the ░░░░░░░░ step could be from ░░░░░░░░ and as your previous ░░░░░░░░ mentioned some of the ░░░░░░░░ case scenarios I don ░░░░░░░░ think we can ignore ░░░░░░░░ are Are they likely ░░░░░░░░ think they re unlikely ░░░░░░░░ I think a rational ░░░░░░░░ has to look at ░░░░░░░░ the prospects out there ░░░░░░░░ the scenarios and take ░░░░░░░░ best opinion of what ░░░░░░░░ happen Maria fair point ░░░░░░░░ Liz I think at ░░░░░░░░ end of the day ░░░░░░░░ lands on oil right ░░░░░░░░ Peek jump in here ░░░░░░░░ oil prices you re ░░░░░░░░ seeing it out of ░░░░░░░░ Okay so oil prices ░░░░░░░░ up about 1 right ░░░░░░░░ but the market understands ░░░░░░░░ policy coming out of ░░░░░░░░ United States that Donald ░░░░░░░░ is tapping into the ░░░░░░░░ of oil in America ░░░░░░░░ that s going to ░░░░░░░░ ultimately more oil on ░░░░░░░░ market So yes you ░░░░░░░░ got tensions in the ░░░░░░░░ you know putting some ░░░░░░░░ there The price of ░░░░░░░░ is up from the ░░░░░░░░ it s up 74 ░░░░░░░░ right now and Iran ░░░░░░░░ threatening to shut down ░░░░░░░░ Strait of Hormuz that ░░░░░░░░ a huge point The ░░░░░░░░ backing the move We ░░░░░░░░ to wait to see ░░░░░░░░ fact that were to ░░░░░░░░ it s a critical ░░░░░░░░ lane moves 20 of ░░░░░░░░ world s oil including ░░░░░░░░ of Iran s imports ░░░░░░░░ China That s why ░░░░░░░░ poseed the question to ░░░░░░░░ secretary of state Marco ░░░░░░░░ yesterday Liz Watch this ░░░░░░░░ you expect Iran to ░░░░░░░░ to close the Strait ░░░░░░░░ Hormuz to try to ░░░░░░░░ oil transportation across the ░░░░░░░░ Well I would encourage ░░░░░░░░ Chinese government and Beijing ░░░░░░░░ call them about that ░░░░░░░░ they heavily depend on ░░░░░░░░ Strait of Hormuz for ░░░░░░░░ oil If they do ░░░░░░░░ it will be another ░░░░░░░░ mistake It s economic ░░░░░░░░ for them if they ░░░░░░░░ it and we retain ░░░░░░░░ to deal with that ░░░░░░░░ countries should look at ░░░░░░░░ as well It would ░░░░░░░░ other country s economies ░░░░░░░░ than ours It would ░░░░░░░░ I think a massive ░░░░░░░░ Maria brent crude climbing ░░░░░░░░ 20 this month on ░░░░░░░░ for the biggest monthly ░░░░░░░░ since the pandemic Liz ░░░░░░░░ deputy national security advisor ░░░░░░░░ Coates said Iran s ░░░░░░░░ does not carry the ░░░░░░░░ weight it did once ░░░░░░░░ ago Watch this The ░░░░░░░░ that stands out for ░░░░░░░░ is this threat to ░░░░░░░░ the Strait of Hormuz ░░░░░░░░ had a week in ░░░░░░░░ where the United States ░░░░░░░░ t import a single ░░░░░░░░ of oil from Saudi ░░░░░░░░ That s happened once ░░░░░░░░ thereafter half century That ░░░░░░░░ because of the shale ░░░░░░░░ and President Trump s ░░░░░░░░ during the first term ░░░░░░░░ it s not a ░░░░░░░░ switch in the hands ░░░░░░░░ the ayatollahs anymore This ░░░░░░░░ a card that President ░░░░░░░░ can play Maria Liz ░░░░░░░░ Yeah Good morning Peter ░░░░░░░░ think Marco Rubio said ░░░░░░░░ best The country most ░░░░░░░░ risk from closing the ░░░░░░░░ of Hormuz which is ░░░░░░░░ easy task we ve ░░░░░░░░ weeks of Iran not ░░░░░░░░ able to counter offenses ░░░░░░░░ Israel and being basically ░░░░░░░░ as they were on ░░░░░░░░ night thank heavens but ░░░░░░░░ in the world would ░░░░░░░░ cut off which is ░░░░░░░░ what they would be ░░░░░░░░ their greatest sponsor right ░░░░░░░░ It doesn t make ░░░░░░░░ sense to me I ░░░░░░░░ oil markets are a ░░░░░░░░ more conservative or negative ░░░░░░░░ than equity markets I ░░░░░░░░ that s kind of ░░░░░░░░ backwards Well I also ░░░░░░░░ that the oil factor ░░░░░░░░ their perspective it doesn ░░░░░░░░ weigh as much now ░░░░░░░░ it did historically and ░░░░░░░░ with the administration opening ░░░░░░░░ oil production in this ░░░░░░░░ I am