saudi aramco, saudi arabia has a horrible human rights records. the right coming at him saying you know, saudi aramco, by the way they're into renewables. he is not changing his stripes. liz: damned if you do, damned if you don't. >> i can just tell you listen, i don't think larry fink is the lefty they proclaim him to be. if he was, if he were, proper way of saying it -- liz: yes, if he were -- >> elizabeth warren wouldn't hate him so much. okay? he is a centrist. he has a business model by the way blackrock is publicly-traded company. esg investing i'm not a big believer in it but it pays some of the highest fees around. you make a lot of money doing the esg stuff. public pension funds love esg we should point out. remember he run as business. he is not a lefty. two sides ganging up on him. i will say it is interesting move to put oil executive, sorry, on his board given a lot of the stuff that is going on. liz: good stuff, charlie, thank you very much. we look at the markets, fact the closing bell is ringing in five minutes, the three majors do

. >>> and blackrock naming saudi aramco ceo amin nasser to the board of directors it is part of the long-termategy nasser has held the top position since 2015 >> silvana, thank you very much. >>> to our other top story this morning. investors bracing for another batch of bank earnings before the opening bell it includes bank of america, morgan stanley and charles schwab morgan is expected to get hit hard by the slow making in the deal and forecasting a slide in revenue. and on the flip side, bank of america profits are expected to rise 11% from a year ago with the particular attention to the bond portfolio with a $99 billion loss in the first quarter this year. joining me now is the directser of financial technology -- director of financial technology devin ryan >> good morning, frank >> let's look ahead to morgan stanley and bank of america. do the reports look to be as bad as people fear >> there have not been big surprises. net interest income stories is something we will see going forward. credit has not been an issue yet. you still have macro uncertainty moving forward for the banks movi

pelosi getting her hair done or john kerry taking the private jet for the blackrock ceo bringing in saudi aramcoeople then we have to frown upon that. maria: isn't that incredible. >> is hypocritical. john kerry is not only biden official is been accused of improperly using private jets and taxpayer-funded jets. pete buttigieg is under investigation from an inspector general from his improper use. is there a larger concern of the biden administration is using taxpayer dollars to go off on the jet flights? >> there is we want to make sure were getting an investigation of how it's being utilized in the private jets are being utilized and who's paying for it. the bottom line there going to sit there and tell us we as the american people should not fly private jets should not create the carbon footprints and follow the exact same rules are trying to set. the guidelines and climate hypocrisy is what were calling out. maria: all on the face of what appears to be two standards, different standards for justice. former president trump with the big announcement saying he is the target of a january 6 grand

saudi aramco by far the largest oil company in the world, in the world and they found a convoluted waythe screen a moment ago. >> yeah. charles: raise money via esg funds which tells us it is a farce. >> right. charles: even they had to play the game. >> that's it. wall street has it made, larry fink of blackrock made it clear that esg is the way forward, even once carbon cost capture on financial statements which europe moved toward that direction and now america is moving to that direction. the thing is, what does it mean, what does it mean? if it can be so obfuscated this is a saudi a amoco bond because we created special vehicle s investment ps, legally separated from a ramco and issue bonds but it is tied back to the oil and gas pipelines. how in the world did this happen? charles: of course i think it was last year when elon musk took over twitter they got so upset they kicked tesla out of the esg. if any company was poster-child for esg. it is tesla. that is showing you how much bs is going on here. >> you're part of the club. if you're old school, not green, you're out of the c

fink whose company has been one of the major proponent of esg, this week they named the ceo of saudi aramcointment set to clash with his esg investing. adam, i find this highly hypocritical, larry fink in his own words he says he's become the police, he doesn't want to become the police of esg, apparently he's the police of es g and he puts the largest oil company ceo on the board. >> i'm going to take the other side and say exhibit wonderful. he's realizing he can't go about it alone that we actually do need fossil fuels. maria: he didn't make that addition. he's not making that addition. >> i think actions speak louder than words. the fact that larry fink would put this gentleman on the board, i think actions speak louder than words. i'm thrilled. maria: look at the ways he's encouraged exxon to completely change their business, completely change their business, stop investing in fossil fuels, don't do long-term investinvestments, instead go td greener pastures. you think this is him admitting that we need fossil fuels. >> you could argue that he's trying to keep his friends close and his

asset management giant black rock says the ceo of saudi aramco is joining, emphasis on the middle eastut the addition is raising eyebrows. blackrock ceo larry fink has embraced environmental and social principles and aramco is the world's largest oil company. we'll talk more about this a little bit later >>> goldman sachs cutting its forecast for a u.s. recession in the next 12 months a 20% recession, down from 25% previously goldman's chief economist citing a slew of better than expected data for the revision. >>> and plans from the biden administration to restrict investment in china and focus on the newest technology. proposals for restrictions could come by the end of next month. chip company executives reportedly met yesterday with top biden administration officials to talk about china. >>> meantime, over to dom chu with a look at the premarket movers >>> shares of bank of america are higher, just about maybe half a percent or so a little over 160,000 shares of premarket volume the second biggest back is the earnings headliner this morning so far it reported both profits and reven

saudi family. we usually talk to ellen about the major revenue maker, which is maybe oil, maybe ramp and -- maybe aramcoe, but we will speak of the royal family and what they are doing to global sports. are you surprised that the saudi's would like to acquire entertainment prestige? ellen: no, i am not to. i think this goes around well with their general search for global prestige, especially in terms of the west, and they are not really getting it from oil anymore. yes, they still are providing this incredibly vital resource, as you mentioned, to the world, but it is not necessarily come with prestige. in fact, it comes with a bit of the opposite, given how prominent the climate issues are today and how prominent they are in discussion. you even saw that the opec secretary general made reference to the fact that, of course, we want an emissions free future? aren't you a bunch of oil producers? i think they are searching for other avenues to acquire prestige and that generally involves throwing money at it. tom: my amateur take on this of lacey and your work is the basic idea that these are tribal plans

aramco, the saudi-owned company. you know the saudi, the ones president biden went to and begged them to send us more oil of his attack on energy here in america. look who now has the largest profits of any oil company in the history of the world. that's what these policies add up to. it's 1,000 cuts. death by a thousand cuts. it's using every rule, every opportunity that they have to attack american energy, which makes america less strong, which feeds into the hands of our adversary, and instead of us dominating energy, we become dependent on others to supply energy. opec, and opec-plus countries, how does putin fund his war in ukraine? he funds it with high revenues off his oil and gas. we could change that. we could produce more gas and export it to our allies in europe. but not under this administration. not when they are promoting rules like the lesser prairie chicken, the northern long-eared bat. they don't do a five-year plan. they don't do leases on federal lands or waters. it's an all-out attack on american