Trump to reporters:

• On Iran, I have plenty of time.
• Were talking with Iran right now.
• Good chance something will happen.
• We have a lot of ammunition. I would like to have more
• On Israel, we are pretty close when it comes to Iran
• On Ukraine war, will find out about Russia’s actions.
• Will asked Russia’s Putin event satellite imagery to Iran.
• Does not think Russia has been sending images to Iran.
• On the Fed, Warsh has to deal with board.
• Rates should be lower.
• We should ahve the world’s lowest interest rates
• Costs are going down rapidly.
• As soon as he war is over you’ll see a big drop in prices’s

The Fed will be meeting this week with expectations for no change, but if there is a surprise it would be for higher rates, not lower rates as inflation remains too high.

Crude oil prices for extending to lower with the price back below the $83 level at $82.62. That is down $6.70 on the day. Technically, the price is back below its 100 and 200 hour moving averages. It is also moving further away from its 100 day moving average here $89.99. Recall from last week, the price moved above that moving average for the 1st time since June 12, but found willing sellers near the 50% midpoint of the move down from the March high to the July low at $93.28..