ld have been. that's all for this edition of "dateline." i'm craig melvin. thank you for watching. good morning and welcome to "street signs." these are your headlines. july's fed minutes underscore officials' cautious approach suggesting the end of the hiking path may be further away than thought. driving global markets lower and lifting the ten year treasury yield to its highest since 2008. shares plunge as the dutch payments group misses on first half earnings. and reports slower growth in north america. intervention watch, the

japanese yen sinks to a new nine month low. raising concerns that the bank of japan may need to intervene for the second time in as many months. and president joe biden hails his inflation reduction act one year since unveiling the landmark policy. as europe continues to reckon with volatile energy prices. we'll be discussing the european energy landscape with the ceo shortly. . well, good morning again everybody. just -- i want to kick off the show with some news we're getting out of the bank. they have decided to hike interest rates by 25 basis points and now remember at the last meeting they went 450 basis point hike and indicated

that further tightening was to come. today they have gone for a 25 basis points but again they have kept the forward guidance about further tightening being warranted in the future. policy rates will be raised further in september but of course, as oh central banks say, the future policy rate will be dependent on economic developments. so just bear in mind that the recent inflation print, the cpi print in norway, came in slightly lower than expectations. decelerated to 5.4%. but of course still way above target. the labor market is tight and similar to other economies that gives them the pretext to keep tightening. but of course we're keeping close eye on the krona as well and that's actually appreciated which takes some of the pressure off and possibly the reason they went for 25 basis

points today. european gas prices remain volatile as potential action in australia puts the impact of energy supply disruptions and winter storage levels back on investor' minds. dutch wholesale gas prices are up nearly 50% in the last month. well, very pleased to say that i have got a gentleman who knows a lot about the european energy situation with me. the ceo of nafto gas. ukraine's state owned energy company and good morning sir and thank you very much for taking the time to chat with us with everything going on back home. i want to start off with your own company. the restructuring that's gone on over the last couple of months. finally seeing the other side of it. just talk to us what benefits you are seeing as a function of having completed this restructuring now. >> good morning. it is a great pleasure being with you today. europe's absolutely right. we have moved forward to

financial healthy strategy, and recent restructuring of bonds is actually paving way towards it. i think we have a great future. and right now, utilizing and proposing the biggest underground storage infrastructure in europe to all european partners. which is great, given the case of the high demand for energy natural gas in particular. >> let's unpack a little further. you have talked in the past of your desire to become the power bank of europe. what does that mean exactly and does ukraine actually have the capacity to become the power bank for europe? >> yeah, thank you for raising this question. actually, ukraine pays a predisposed our bank for europe and ukraine has the greatest deposits of natural gas. ukraine has electrical generation in all the means and

ukraine has many more oil deposit and oil production and refineries and i clearly believe that over the next years, ukraine will be the power bank. actually increasing energy production for itself and proposing the extra energy for european union. the natural gas situation actually is reflecting it. we are self-sufficient in gas production already this year. and we most probably will be profitable in gas production within the next years. >> what about the infrastructure that comes along with those facilities that are rightly lots of concerns about where that gas is going to be stored. given the situation that is going on back home. what do you say to allay people's concerns about storage facilities? >> absolutely. we all understand ukraine is a

full-scale war right now. actually we do own the biggest underground infrastructure which is 31 billion of cubic meters of storage and it is located mostly, very close, to the european union border of ukraine. and is absolutely safe given the fact that the storage itself is the natural cavern. which is formerly several thousand meters deep so it's more than protected in that regard and what we witnessed right now major european traders and gas traders, they tend to store gas in ukraine and i think it's a great sign. >> ukraine also joined the gas procurement program as part of the eu this year. did you see benefits from that and give us a sense for how storage levels are looking going into this winter. >> yes, absolutely.

joint procurement platform actually plays a great role for the security and sustainability of gas supply in europe and ukraine in particular. i think it is clear that ukraine is the main european family and the candidate for the european union and we integrate all possible measures and standards and actually try to implement them right now. our preparation to the upcoming winter that we do not expect to be an easy one. and we don't expect it to be easier than the previous one. the preparation is going on. on a plant level. we inject and pump in the required volume of gas. and as well as i think that the fact hat more companies started to pump into ukrainian storage also facilitates this process. and provides ukraine with higher volumes. >> do you see ukraine's position as being part of this joint procurement one step in

the right direction of eventually ukraine becoming a fully fledged member of the eu? >> well, clearly once ukraine will become a full-scale member into the european union, we will definitely play a bigger role into it and once again, i want to emphasize that ukraine plans to increase overall gas production in the coming years and become an exporter of natural gas to the european union and i think in that regard, ukraine can be -- can play different role in this platform. not only a buyer, but a seller. >> russian gas still actually does get transited through ukraine. yesterday, your energy minister was quoted on the tape saying they have no plans to actually renew the contract that is in place with russia in 2024. are you of the same view? and will you go on record also saying that you will not be looking to renew the transit

agreement with russia for that pipeline? >> russian transit actually is quite a complex issue. that we're facing right now. i just wanted to make very clear ukraine is servicing this transit actually in favor of european union countries that are consuming russian gas. we clearly understand that some of the countries are not -- they can just not immediately stop consumption because they need it for the preparation for the winter. we would welcome those countries to completely reject and completely stop consuming russian gas. and what we understand the european union position, lays in the framework of actually bringing it to zero up to 2027. which will require some time to go.

so in that regard, i think we should consider the transit as more support of the european union than ukraine is not benefiting out of it anyhow. >> well, there are transit fees of course that are being gleaned. but to come back to your point there. the agreement ends in 2024. europe's plan to fully phase out reliance on fossil fuels from russia is not until 2027. that could theoretically leave europe in a bit of a lurch between 2024 and 2027. in that instance would ukraine be open to extending the pipeline? >> i believe we should discuss it. together with european union consumers. to understand the position of the european union on that. again, clearly, it's not a business for ukraine. you are right. ukraine company is receiving some fees, but these fees will

never be justified in the current full-scale war situation. again, nra ftogaz is continuing doing that and serving this transit only in favor and only in support of certain european countries that are not capable to fully stop consuming of gas right now. that is the only reason. and we will take it into consideration while viewing the future of the contract. right now the contract is valid until the end of 2024. >> infrastructure specifically energy infrastructure, continues to be a target of russian military and attacks. and this is also -- it makes dealing with ukraine more problematic from the perspective of energy suppliers and of companies. what more would you like to see in the forms of insurance guaranteed to ensure the easy passage of finance and investment from the west into

ukraine? >> well, you are exactly right. the war is still going on and we are facing an ongoing aggression. and the constant attacks. as well into the energy infrastructure. and natural gas is not an exclusion. we have just recently been attacked, one of our oil depots. from the insurance, the only insurance we can have that works better than the others is clearly this -- particularly great and professional and substantial air defense systems. and from another hand, we are looking at the way nonresident companies and we are now having 23 no resident companies pumping in natural gas into our storages. they increase the volume of the

pumping. and actually they have taken this restock on themselves, understanding the business capacity of this situation and clearly it's a good sign for ukraine that during the war, those companies trusting ukrainian gas infrastructure and ukrainian underground storage and while the physical absence to deficit of the storage in europe, and also the summer/winter stress i think motivating gas traders to store more in ukraine. but you are right. again, we should work more and more very closely together with our allies, on securing our infrastructure as well as increasing our potential in air defense. >> sir, you say the word "trust" there and another remark that i i want to put to you. one of the criticisms that comes along with investing in ukraine is the lack of

transparency and concerns about the rule of law and you historically have been negatively con notated because of corruption concerns. now of course there has been a change of governance but what do you say to those concerns and the people who are worried about the lack of transparency? >> thank you for raising this question. naftogaz has always been a fan of reforming in particular. right now it's a transparent company with independent directors and i think to give you an example for some of the ukrainians' state owned enterprises in the future and i see the processes moving quite quickly. i agree with you that ukraine desperately needs structural reforms and that has the precondition why investment and business might come to ukraine after the war or even during the war.

i clearly think and i'm sure, that we should not wait until the war is over. to stop and facilitate those reforms. mentioned rule of law reform. law enforcement system. many others, but regardless, russian institution, all this should be managed actively and realized right now. and i think naff tgaz from its perspective is an example of the progress in ukraine. >> i really appreciate your time today. more so because you are speaking to us live from kyiv. so we really appreciate you coming on cnbc this morning. stay safe, thank you very much. the ceo of naftogaz this morning. if you have any views on anything we've discussed so far, be it the bank rate hike or the gas situation in europe, ukraine's role within european energy security, tweet me directly. we are on the x platform.

it is called x now. cnbc is my handle. all right, also coming up on the show today, we're going to bring you the markets' latest and an hour into the european trading day after asian equities sink to a nine month low. what's going on in the markets? we'll be right back. ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com.

well, it's risk off for markets today and broad based losses across all the indices. of course we had a weak count over from wall street as the well. all the indices from there ending the session in the red. nasdaq and even sharper decline, more than 1% lower on the session hitting a seven week low. invest paying paying a close eye to the minutes which seem to signal the fed are not quite done yet with the hiking cycle. so that's had ramifications across equities and fixed income as well we continue to see tender u.s. treasury yields move higher. this as well as is the picture for europe today as we digest the news of the f 1 c minutes and continuing the weak data

coming out of china despite the premier's comments overnight they plan to reach that 5% target for the year but all this as we've been talking about is having knock on effects in the sectors that are exposed to china. no terms of sectors, this is the leadership today. we are seeing a bit of a balance for basic resources and surprising given how weak they've been just in the last couple of weeks or so. but today they are leading the gains up two-thirds of a percent. banks also up about 0.4 management. on the flip side. industrials heavy, heavy down session today. down 1.5% explains the weakness we are seeing in germany and of course the industrial basin of europe. and "travel + leisure" down about 1% as well. so a lot of the cyclical sectors are coming under selling pressure today. in terms of company news, ayden is in focus. you can see a very, very sharp move to the downside. down more than 22%. ie in free fall this morning.

why? well, the company missed analysts' expectations for its first half earnings. posting 320 million euros against a refintive forecast of 386 million euros. very, very sharp miss but also sharp reaction in the stock today. one that we're paying close attention to. harass la mitt tell is reportedly considering making an officer. such a deal would represent a reversal in the company's retreat from the u.s. as a production base to focus on india and brazil. and arcelormittal isn't the only company that's making a bid for x steel corporation but it's note they are wading into the mix as well. something to watch. and elsewhere they have agreed to buy the aerospace unit for $5.6 billion in cash. the london listed defense giant says the deal will boost its eps in margins in the first year.

so bae systems are down almost 4.6%. 5% on the back of that announcement. as for bowl, well, direction is positive and you can see here in free market trade we are seeing opening up about 5%. so good news for ball. not good news for bae investors today. and al con shares are higher today. after the company raised its full year outlook on the back of strong sales in the second quarter. the swiss eye care company saw sales rise by 9%. now i had the chance to speak to the ceo david endicott and he's optimistic about the company's outlook. >> we're excited about the market right now. what's happened really over the last couple of quarters is we've been a little bit cautious about the consumer and also a little bit cautious about what was going on with procedural volumes and i think what we saw really in both the first quarter and then the second quarter again, was kind

of a robust consumer and a very active week of energy on the procedural volumes. so surgeons are back in the ors and we're seeing kind of return of a lot of patients into the clinics to get their lenses or to do procedures. so procedural volumes are up all over the world. so kind of as we sit here eight months into the year mitt romney, we feel like we have a pretty good handle on where it's going to land. >> we talk about this inflationary environment. i just want to ask you to what extent is your top line sales growth being driven by price increases? >> this particular quarter in the second quarter, probably a third of the growth was price. but i would say that you know, underneath that was still really good mix of products that are you know, more valuable than some of the older products and also good volume growth. so you know, the contact lens business, for example, we took a share in almost every category. i think in the implantables business you know, we had very good secure volumes in

procedures and consumables business which is part of the cataract procedure, they use a lot of instrumentation and disposable things. that was booming for us this particular quarter. we think that's volume driven opposed to price. >> endicott also said key regions continue to perform well especially japan and china. >> fairly robust return to growth for china. it is comparing against a very light comparable from the prior quarter so i think that's a little bit of what you have to read into that. but directionally we saw people you know, back in the office, back in the clinics. and back in the ors and so for us it was a -- a very good response. you know, we'll see how that takes shape going forward but we expect kind of a steady growth in the procedural environment for surgical and the consumer looks to be growing as well. >> geographically which has been your biggest source of demand? >> well, i think right now, in terms of growth, asia looks very positive to us. you know, japan was a little

bit slow returning to growth. we had a very good quarter in japan in the second quarter. china was the same way. southeast asia. i think just generally if you bundle that region together, definitely is a positive outlook for us on a second quarter going forward into the rest of the year. >> well, we're keeping a close eye on the data coming out of china. the latest, chinese premier says the country will work to achieve its economic targets for the year as deflation fears, property sector roles and a sway of surprise rate cuts from china's central bank knock confidence in asian assets that's what we have been seeing up until yesterday's session, but this is a surprising one. we saw a bit of turnaround. so asian markets opened up a lot weaker. but as the session progressed, we moved around and potentially on back of those premier's comments that they're going to still attempt to stick to that 5% target for growth by the end

of this year. shanghai composite ending the day up 0.4%. nikkei also down as they fell in july amid slowing demand for chip equipment and light oil and the first year on year develop since 2021. that beat expectations of a 0.8% fall amid concerns about chinese demand. but again, keeping it with japan, let's take a look at what the cen is doing today. here you can see that the yen is actually topped 146. versus the yen -- the dollar topping $1.46, raising expectations the bank of japan may jump in to intervene once again. remember they adjusted their policy last month expanding the range it will allow the ten year government bond yield to fluctuate. what is interesting about this is we haven't quite got to 1% yet on that ten year yield but what we are seeing is that the currency continues to weaken

and that tells you a lot about positioning and how people are viewing the yen from this point. and for pro subscribers we have a list of the most exposed european firms to the economic slowdown and volatility in china. the world's second largest economy. you can subscribe to our premium service by scanning the qr code on your screen right now. so which companies in europe are the ones that stand to lose the most on chinese weakness? you can get that on cnbc pro. a quick look at u.s. futures. and our markets round up session and breaking away from the price section that we had yesterday, futures are actually seeing opening up in positive territory. so the s&p was at a five week low yesterday. can they turn things around today? of course we've had a lot of retail earnings come out. but the latest federal reserve minutes yesterday also show that officials are split over the pace of inflation and

interest rate hikes with some still warning more price measures may be ahead. this even as chairman jerome powell said after the july meeting the central bank no longer expects to see the u.s. tip into a recession. now in its july minutes, the fed said that high inflation and a tight labor market prompted quote, most participants to see significant upside risks to inflation which could require further tightening of monetary policy. the minutes also underscored some officials' desire to push pause on rate hikes. and allow the effects of the feds' 11 hikes to take effect, saying quote, participants generally noted a high degree of uncertainty regarding the cumulative e effects on the economy of past monetary policy tightening. so the reaction was pretty hawkish in markets and despite these warnings from the fed, markets are now pricing in 86% chance of the fed keeping rates on hold at its next meeting in september down from 90%. now november's meeting remains more in the balance with

markets seeing a 40% chance of a fed hiking. that's up from 30% previously. and also coming up on "street signs," happy ira verse ary. we'll check in where things stand on the u.s. inflation reduction act. that's coming up next.

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welcome back to "street signs." i'm joumanna bercetche and these are your headlines. july's fed minutes underscore officials' cautious approach suggesting the end of the hiking path may be further away than thought. driving global markets lower and lifting the ten year treasury yield to its highest since 2008. norway's central bank hikes interest rates by 25 basis points. with policymakers warning of more tightening ahead. and the fight against stubbornly high inflation. adyen shares plunge as they miss on first half earnings and report slower growth in north america. >> with higher inflation

leading to higher interest rates, this is been a bit of a shift of focus and less focus on growth and more focus on bottom line. in the end, we've grown 23% with our digital customers. we have very limited churn. and president joe biden hails his inflation reduction act one year since unveiling the landmark policy. as europe continues to reckon with volatile energy prices. the ceo tells this program that ukraine could become a new energy supplier to the bloc. >> with the next years, ukraine will be the power bank. actually increasing energy production for itself and proposing the extra energy for european union. welcome back to the show. well, a mild recession in the netherlands has put a pin in the country's post pandemic economic boom. growth is set to drop to 0.7%

this year according to government policy advisor cpb after hitting nearly 5% in '21 and 2022. and germany failed to pass a law to offer corporate tax relief it hoped would help revive growth. the three party coalition government couldn't reach agreement after the greens' demanded a trade off seeking to raise child support spending. now the chancellor schultz still expects the law to be passed in some format. and also in spain, the parliamently reconvenes today after the summer recess with no governing majority after last month's elections. however, local sources reported that prime minister sanchez's socialist party has reached an agreement in principal with the separatist party. so that's something to watch as we still figure out what is going to happen with the state of play with the spanish election fallout. there has been no clear winner

as a result of the general election that took place last month. now sylvia is joining us now for a look at where eu member states spent their share of the recovery and resilience funds and where they haven't. and of course the funds obviously were a signature piece from the european commission around the time of the pandemic. how much of it have they actually used and where has the money gone, sylvia? >> absolutely, that was the reason why i thought it would be interesting to look at where we are essentially three years after the landmark deal. where is the money going and who is actually receiving it? let's rewind for a moment. back in july 2020 we had the huge summit in press els and leaders say we will raise 750 billion euros and 390 million of which will be delivered in granted and a reminder 360 million will be disbursed in the form of loans. having said that, nine out of the 27 eu nations have not yet received any cash from this pot

according to the european commission. that's because these nations have not yet requested. and let's not forget that in order to receive this cash, these disbursements, nations have to put together several reforms. now i want to show you the two biggest recipients. italy and spain. at the time, they were essentially the economies that suffered the most from the pandemic hence the reason why they're receiving the most from these funds. when you look at italy, for instance, in terms of grants they're expected to receive in total almost 70 billion euros. in terms of loans, we're talking about roughly 122 billion euros. so where is italy at this stage? in terms of grants, we have essentially 28 billion that have been disbursed and in terms of loans, 38 billion euros. where is that money going? this is what we can see in this chart. you can see that the biggest chunk is going into cohesion. that involves projects such as

patterns for people with disabilities, sustainable growth involves, for instance, supporting smes across the country, but then green transition also takes a big part of these funds. let's not forget that at least 40% of this money needs to go into the green transition. you can tell that italy plans to do so. let's look at spain. the second biggest recipient of these funds. in total, they're expected to receive almost 70 billion euros in grants. thus far however, they have received about 38 billion euros. so a significant amount of cash. where is that going? where is spain intending to put that money? you can see as well that the biggest chunk is also going into these cohesion projects. but then of course green transition also playing a critical role here. now the reason why i'm telling you all of this is because there's only three years left in this program.

so that means that the all of 27 eu member states have three more years to put together and to implement reforms and receive the several disbursements that they have been initially allocated. but let's see how that will go. one thing is for sure, this money could be critical for all of the european economies particularly in the wake of course after the russians' invasion of ukraine as well. >> really interesting, as that so much of the money still hasn't been tapped yet. there's still a lot of unused potential out of the recovery funds. will be interesting to see whether european countries decide to go down that road or just continue as they are. thank you for bringing us that overview. now she mentioned it is now one year since u.s. president joe biden signed the inflation reduction act. a move he called the biggest step forward on climate ever. the act taxes the wealthy and provides consumers billions of dollars in tax credits to encourage the purchase of electric vehicles and production of renewable energy.

president biden marked the anniversary by emphasizing the significance of his act. >> delivering on promises that have long been made to the american people to lower costs for families, especially health care costs. increase america's energy security. restore fairness to a tax code and create good paying jobs here in america. and to address the existential threat of climate crisis. you know it's part of the almost broader vision for our country. growing economy from the middle out and the bottom up. not the top down. i'm that capitalist and i can go make a billion dollars, go make it. i'm all for that, just pay your taxes. [ laughter ] because when the middle class does well. everybody does well all kidding aside. everybody -- the poor have a ladder up -- the poor have a good shot and the wealthy do very well. >> really happy to bring in our next guest. nicholas poiters. wonderful to have you with us on the show. let's talk about the knock on

effects. the inflation reduction act has had on europe. because anecdotally over the course of the last year i have spoken to plenty of european companies, be it the renewable operators and the like and many tell me they're actually enticed by the sweeteners being offered state side. what's that done to investments in europe? >> hello, thank you very much for having me. i think it's still a little too early to tell not just because the ira has been passed a year ago, but also because the european response to the inflation reduction act is just a few months old. and companies are still trying to figure out the new subsidy schemes offered by the eu. but what we can already say is that companies have not stopping investing in europe. if for instance they put a battery plant in europe or the united states and we are one of them. availability of labor, the cost of transport, but also just

basically the -- the closeness to market all important factors. and i think for all of this reasons, the anxiety that was in europe over the ira subsidies were maybe a bit overdone. >> it's interesting you raise all of those other issues as well that it's not simply just about the economic incentives on subsidies or sweeteners. but also proximity geographic proximity as well and availability of labor. all of those are very important things but the europeans have also struggled to sort of develop a unified approach in terms of how they should and want to respond to the inflation reduction act. remember earlier on there were discussions about potentially issuing more borrowing and of course the larger countries were against that idea. where are we at right now in terms of the european response? >> i think what we have seen so far is basically very limited watering down of stated rules.

that has kind of kept a lid on what people feared would be just opening the flood gates. whereas we haven't seen very much on the joint borrowing or something we call the serenity fund which was supposed to be either fiscal transfer from richer countries to poorer ones so we can also use subsidies. or a direct eu funding for these kind of industrial projects and industrial subsidies. it was very controversial for the simple reason that on one hand the transfers that would be needed to help poorer countries to give this kind of subsidies are very controversial in richer countries that are still worried about transfer between countries. well, at the same time, poorer countries and more open market liberal countries, were really worried about allowing big countries like germany and france giving big stake aid out. they can give big subsidies for which other countries might not have the fiscal space to do so. i think the european commission has found a decent compromise here.

they allowed subsidies and subsidy matching of the ira subsidies but only under very limited conditions and also only poor regions are included in the benefits of these subsidies and i hope this will actually help on the one hand tackle the challenge that europeans have with the ira but also help the -- the risk of fracturing the single market by allowing germany to give out big subsidies. >> yeah. let me talk about the funding, i'm not sure if you listened to the segment my colleague sylvia just did on the europe recovery fund. only tracking it around 400 billion plus in terms of how much of it has has been used or tapped into the markets. is there not a possibility of diverting some of the flows into green investments? being allocated to greener technologies. but why not divert all of it? >> so indeed. a lot of the -- next generation

u funding is intended for green projects. the problem is that some of this funding is already allocated but all of this funding is allocate today countries and here they said it was floated at the european level some funds were not allocated just yet but the problem is these funds are all allocated to individual countries. it would mean telling the countries they are not getting new funding but either the funding might be taken away and given to other countries or should be happy with what they have. but there will be no net positive for them. given that all of this money is already allocated it was not really feasible politically but also financially to just reallocate this to this project. that doesn't mean not -- that some countries use this funding to support projects like ira type subsidies. but it's not really useful for some kind of serenity fund idea of allowing fiscal transfers for poorer countries. >> when it comes to transatlantic tensions, do you

think the -- the rollout of the inflation reduction act actually raised the temperature. in general, do you think the level of tension between europe and u.s. is higher as a consequence of the inflation reduction act? >> there was quite a lot of tension last winter. but i think a lot of this has died down. for some -- one reason because the u.s. administration were willing to make some concession where they could make them. some of the rules are written into the law where the biden administration -- there was good morning in congress so the biden administration couldn't do much about this. but other parts they made concessions tonight europeans. this on the one hand i think goodwill shown by the biden administration has some positive effects but the other part is that a lot of the discussion was also about internal ue governance. we need a bigger role the state in the eu and kind of used it in a case to kind of make the case for big intervention.

give than this was kind of negotiated out and now we have some kind of compromise, i think the whole discussion is dialed a bit down. however, there is a lot of -- yeah, disappointment or kind of on the european side, that they see the u.s. which is really welcome finally stepping in on climate change but there's quite this concern that the only way the u.s. was able to put this through congress was marrying climate change provision with the u.s. first provision. some of which violated norms and laws. a kind of disappointment here whereas at the same time i think the tension that was there in winter is gone. and also people are aware of the bigger issues at stake. the conflict we have with the authoritarian regimes around the world. the whole question of rules of course i think put a bit of discipline now again. >> yeah, that's one way to characterize what's going on. thank you so much for joining

me on the show today. research fellow. and also coming up on "street signs," mixed earning season for u.s. retailers so far with wal-mart on deck coming up next. your retail detail is coming up after the break. how can you sleep on such a firm setting? gab, mine is almost the same as yours. almost is just another word for not as good as mine. save 50% on the sleep number limited edition smart bed. plus, free home delivery when you add a base. shop now only at sleep number.

welcome back to "street signs." signs." well, here's something my name is ashley cortez

and i'm the founder of the stay beautiful foundation when i started in 2016 i would go to the post office and literally fill out each person's name on a label and now with shipstation we are shipping 500 beauty boxes a month it takes less than 5 minutes for me to get all of my labels and get beauty in the hands of women who are battling cancer so much quicker shipstation the #1 choice of online sellers go to shipstation.com/tv and get 2 months free ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or

part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com.

minutes are the latest show, the inflation fight is far from over. more rate hikes may be necessary unless conditions change and reversing course shares of cisco change they try to alleviate fears of slowing growth and highlighting that they can capitalize on the ai boom. and walmart reports a few hours from now they may offer