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
"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
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
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
Some operators are cashing in on the CBD craze by substituting cheap and illegal synthetic marijuana for natural CBD in vapes and edibles such as gummy bears, an AP...Health and Scienceread more
Attack on Saudi oil facilities shows that 'risk is real', Chevron CEO Michael Wirth said on CNBC's "Closing Bell" Monday.Marketsread more
J.P. Morgan's chief quant says oil prices would start to hurt stock prices when they hit the $80 to $85 range.Market Insiderread more
Vice President Mike Pence said Wednesday that the American dream was "dying until President Donald Trump was inaugurated" in 2017.
"Was the American dream in trouble? You bet," Pence said in an interview with CNBC's Joe Kernan on "Squawk Box" Thursday morning. "I really do believe that's why the American people chose a president whose family lived the American dream and was willing to go in and fight to make the American dream available for every American."
Pence told Kernan that before Trump became president, trade deals pushed car manufacturers out of the country, something he saw while serving as Indiana's governor, but Trump fought "for trade deals that put American jobs and American workers first."
Some manufacturers have expanded in the U.S. since Trump began his term in the Oval Office. In February, Ford announced plans to invest $1 billion and add jobs at its Chicago factories as it makes cuts overseas. A Toyota and Mazda joint venture in 2018 broke ground on a $1.6 billion assembly plant in Alabama that is expected to open in 2021 and employ 4,000 people.
However, others aren't faring as well. General Motors shut down a decades-old factory in Lordstown, Ohio, in March, leaving thousands of workers in search of new jobs.
Though the Trump administration had success in boosting manufacturing jobs, many feel the American dream still faces challenges, according to a February poll by RealClearPolitics.
Some 37% of the poll's voters said the American dream is alive, but under threat; 28% said it's under serious threat, but that there's still hope; 7% said it is dead; and 27% said it is alive and well.
But Pence said the American dream is recovering.
Trump's policies are generating jobs and raising wages "at the fastest pace of all," he said, which "gives evidence of the fact that the American dream is coming back. People are seeing opportunity open up. Small business confidence at record highs, according to the NFIB."
Indeed, the small business association's optimism survey hit a 45-year high in August and has remained strong, the group said in recent press releases.
Pence's comments come as a number of U.S. billionaires and business leaders call for fixes to America's system of capitalism. Berkshire Hathaway CEO Warren Buffett, J.P. Morgan Chase CEO Jamie Dimon, Bridgewater founder Ray Dalio and Microsoft founder Bill Gates — who are some of the wealthiest people in the country — have said the current economic system contributes to income inequality.
In a letter to shareholders last week, Dimon wrote he was exasperated by the growing inequality in the U.S. He recommended higher taxes on America's wealthiest citizens.
"If that happens, the wealthy should remember that if we improve our society and our economy, then they, in effect, are among the main winners," Dimon said.
The White House did not immediately respond to CNBC's request for comment.