President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move, sources told CNBC Monday.Technologyread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
The meeting comes amid months of stalled trade talks between Washington and New Delhi, resulting in both sides taking retaliatory measures.Asia Politicsread more
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
"President Trump is being played," Lee, a professor at the Fletcher School of Law and Diplomacy at Tufts University, said on CNBC's "Power Lunch."
"Moved by hubris, among other things, [Trump is] presuming he can get the North Korean dictator to give up his nuclear arms, the one ace card that North Korea has in overturning the tables against South Korea."
North and South Korea have been divided for more than half a century. The North is technically still at war with the South and the United States.
Lee said the 34-year-old North Korean dictator is "putting on an elaborate show," one in which he hopes to gain power over the South.
"How do you do that?" Lee said. "Grow your economy? Use soft power? No. North Korea doesn't have those things. North Korea does have menacing nuclear power."
On his way to the Singapore summit, Trump was asked whether he will be able to tell if Kim is serious about negotiating. "I think within the first minute," Trump replied.
"Just my touch, my feel. That's what I do," Trump continued.
But Lee said it's simply not possible, "to assume that we can get this done by his charisma, by President Trump's art of the deal and so forth."
"Kim Jong Un has been preparing for this moment his entire life, receiving leadership training," Lee said.
"Underestimating the North Korean leader, thinking he's weird and crazy and being surprised to find out he's not only not a lunatic, but quite reasonable and charming, has been a fallacy," Lee said. "Repeatedly, Americans have been played by their assumption of North Korea as an underdog."
Part of the problem is that the two countries want different things, Alexandra Bell, senior policy director at the Center for Arms Control and Non-Proliferation, told CNBC.
"For the United States, we want to see the complete, verifiable, irreversible disarmament of the Korean peninsula — a very high bar," Bell said on "Power Lunch."
"For the North Koreans, what they want is regime security and more access to the international market," she said.
Lee said the summit, however, is a political move, one in which Kim can "buy time and money to do what he really wants to do, which is to further advance his nuclear and missile, menacing capabilities."