at 10%, and former secretary larry sommers described it that bank ing is only a fear. and with your job to help to manage the u.k. economy, is the danger the inflation or the danger of rising inflation rates? >> well, they go together, because when inflation is high, the central banks use the interest rates as a lever to bring down inflation, and of course, that is challenging for the families who see the prices of the mortgages going up, and the businesses seeing the price of their loans going up, but it is the prices of the lesser of two evils to go up, and we do want to go up to high inflation economies that we had in the 1970s, and i think that we all know how dangerous that could be, so, inflation is off setting. >> thank you, mr. chancellor, for coming on. and thank you for your time. >> thank you, jim. >>> and now, new video declassified by the u.s. military to show a pair of fighter jets, and look at that, forced down a mq-9 reaper drone over the black sea and the military is able to extract this video in the last 24 hours, and the last video is less conclusive

board member as early as this june 30th but he's going to stay on as a consultant and replaced by larry sommer norwegian cruise lines he's been in that position since 2020 shares are off 1.7%. >>> the maker of slim jim and redi-whip getting an upgrade conagra's current valuation reflects its cautious outlook. you can see shares are up almost 2% today >>> and lastly, cnbc learned that virgin orbit is scrambling to avoid bankruptcy which could come this week if they don't get a deal shares are down a whopping 29% >> absolutely. thank you. >>> it is the last chance to weigh in on our twitter question we asked which of this year's sector winners would you fade? communications, technology or discretionary? head to "closing bell" on twitter. we'll bring you the results after this break the first time you connected your godaddy website and your store was also the first time you realized... well, we can do anything. cheesecake cookies? the chookie! manage all your sales from one place with a partner that always puts you first. (we did it) start today at godaddy.com ♪ this feels so right... ♪ adt syste

if i was a democrat, i would consider a more centrist type candidate, somebody like larry sommers, dark type of candidate that perhaps has a pre pretty good ce of holding onto the white house for the democratic party. maria: it's a great point. he's of course been very critical of the federal reserve. i thought he wanted to be fed chairman for a time the way he was criticizing the fed and their policy. >> the democrats really have nobody to run for president as i see it right now, this is almost an election for the republicans to lose. it's getting back to 1980, talking about ronald reagan versus carter and so it could be a conservative candidate who inspires confidence has a very good chance of winning the white house in 2024. maria: yeah. like a moderate democrat. tiana, do you agree with that? >> i think it's sort of a dream world in which the democratic party which is very much governed by identity politics could replace joe biden with another elderly white man that's not really what they're looking for right now. i mean, it's kind of a miracle that joe biden was able to win the 202