Chapter 1: What actions are being taken to bring down oil prices?
Making moves to bring down the price of oil. I'm Lisa Lucera, Fox News. President Trump says the International Energy Agency will release what he says is a record 400 million barrels of oil. Which will substantially reduce the oil prices as we end this. Threat to America and this threat to the world.
The president making the comments at a packaging plant in Kentucky as part of a move to hit back against worries of inflation over the military action in Iran. The president says the U.S. has destroyed Iran's military.
Chapter 2: What did President Trump announce regarding oil reserves?
We don't want to go back every two years. And the president saying the U.S. will not leave until the job is finished.
In response to the announcement on the release of oil, Senate Democratic Leader Chuck Schumer said in a statement that he called on the president to take this action on Sunday and that the president has already created more problems than he will solve and that Americans, he says, are the ones routinely paying the price. Meanwhile, Iran-backed Hezbollah has joined in the air attacks on Israel.
I just spoke with a senior IDF official who says Hezbollah has launched roughly 100 rockets into northern Israel, which makes 850 rockets or drones fired at Israel since Hezbollah joined this war. And Hezbollah put out a statement saying they're going to broaden their attacks on Israel while Israel is already responding. They're targeting Hezbollah launchers, command centers and weapons.
Fox's Nate Foy in Tel Aviv. Lebanon's government has condemned the attacks by Hezbollah. UN Ambassador Mike Waltz calling for more aid for civilians in Lebanon as Hezbollah and Israel trade air attacks. Since 2012. The United States has provided more than $4.4 billion in humanitarian assistance to support Lebanon.
And Walt says he thinks the people who are helping get the aid, he thanks those people who are getting the aid to those who need it.
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Chapter 3: How is the military action in Iran affecting oil prices?
Wall Street, the Dow lost $2.89. The Nasdaq gained $19. America's listening to Fox News. This is Ainsley Earhart. Thank you for joining me for the 52-episode podcast series, The Life of Jesus. A listening experience that will provide hope, comfort, and understanding of the greatest story ever told. Listen and follow now at foxnewspodcasts.com or wherever you listen to podcasts.
At least two people have died in northwestern Indiana after buildings have been destroyed in Kankakee, Illinois, after tornadoes ripped through the region last night. A government watchdog investigating the Trump administration's efforts to dismantle the Department of Education.
The government accountability office is looking into the Department of Education's transfer of grant programs to the Department of Labor. The GAO is a nonpartisan congressional watchdog and was asked last month by Democratic Senator Elizabeth Warren to investigate moves by the Trump administration that put the day-to-day management of education grant programs under the Labor Department.
She was joined by Independent Senator Bernie Sanders and Democratic Senators Patty Murray and Tammy Baldwin. The grants serve more than 12 million career, technical, and adult education students. Education Secretary Linda McMahon has previously defended the action, saying education and workforce programs needed to be streamlined to best serve students. Tanya Jai Powers, Fox News.
There was little change in the latest inflation reading. The consumer price index rose three-tenths of a percent in February, up two-tenths, excluding food and energy. For the year ending in February, the CPI was up 2.4 percent, and core CPI for the year, excluding food and energy, rose 2.5 percent. The annual numbers are in line with expectations and suggest inflation held steady last month.
The February report does not include any impact from higher oil prices from the conflict in Iran. The Federal Reserve is expected to leave interest rates unchanged at its meeting next Tuesday and Wednesday. The CPI peaked at 9.1 percent in June of 2022. Ginny Koselda, Fox News. Meta's acquiring Moldbook, a social network where AI agents post and chat with each other.
Meta says it expects the experimental platform could open new ways to develop AI agents. I'm Lisa Lucera. This is Fox News. Join Fox in supporting our troops. From daily needs to global emergencies, help us be there for those who serve. Visit go.fox slash Red Cross to donate to service to the Armed Forces today.
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