bill hagerty joining us. good to see you sir. alright little toxic. family food budgets are getting hit hard by inflation. and it's about to get worse. he will be here to explain. finding my way forward with node-positive breast cancer felt overwhelming at times. but i never just found my way, i made it. so when i finished active therapy, i kept moving forward and did everything i could to protect myself from recurrence. verzenio is the first treatment in over 15 years to reduce the risk of recurrence for adults with hr-positive, her2-negative, node-positive, early breast cancer with a high chance of returning, as determined by your doctor when added to hormone therapy. hormone therapy works outside the cell while verzenio works inside to help stop the growth of cancer cells. diarrhea is common, may be severe, or cause dehydration or infection. at the first sign, call your doctor, start an antidiarrheal, and drink fluids. before taking verzenio, tell your doctor about any fever, chills, or other signs of infection. verzenio may cause low white blood c

bill hagerty joining us. good to see you sir. alright little toxic.ood budgets are getting hit hard by inflation. hit hard by inflation. and it's about to ♪ ♪ wow, we're crunching tons of polygons here! what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, like real time cgi. okay... yeah... oh. don't worry i got it! become an agent of innovation with invesco qqq [whistling] when you have technology that's easier to control... that can scale across all your clouds... we got that right? yeah, we got that. it's easier to be an innovator. so you can do more incredible things. [whistling] if you used shipgo this whole thing wouldn't be a thing. yeah, dad! i don't want to deal with this. oh, you brought your luggage to the airport. that's adorable. with shipgo shipping your luggage before you fly you'll never have to wait around here again. like ever. that can't be comfortable though. shipgo.com the smart, fast, easy way to travel. every search you make, every click you take, e

bill hagerty joining us. good to see you sir. alright little toxic.ily food budgets are getting hit hard by inflation. hit hard by inflation. and it's about tos bubbles bubbles so many bubbles! as an expedia member you earn points on your travels, and that's on top of your airline miles. so you can go and see... or taste or do absolutely nothing with all those bubbles. without ever wondering if you're getting the most out of your trip. because you are. wow! it's been 38 years since we were here. back then we could barely afford a hostel. i'm glad we invested for the long term with vanguard. and now, we're back here again... no jobs, no kids, just us. and our advisor is preparing us for what lies ahead. only at vanguard, you're more than just an investor you're an owner. giving you confidence throughout today's longer retirement. that's the value of ownership. if you used shipgo this whole thing wouldn't be a thing. yeah, dad! i don't want to deal with this. oh, you brought your luggage to the airport. that's adorable. with shipgo shipping your luggage

bill hagerty joining us. good to see you sir. alright little toxic.ily food budgets are getting hit hard by inflation. hit hard by inflation. and it's about to wealth is breaking ground on your biggest project yet. worth is giving the people who build it a solid foundation. wealth is shutting down the office for mike's retirement party. worth is giving the employee who spent half his life with you, the party of a lifetime. ♪ ♪ wealth is watching your business grow. worth is watching your employees grow with it. ♪ ♪ psst. girl. you can do better. worth is watching your employeok. wow.with it. i'm right here. and you can do better, too. at least with your big name wireless carrier. with xfinity mobile, you can get unlimited for $30 per month on the nation's most reliable 5g network. they can even save you hundreds a year on your wireless bill, over t-mobile, at&t and verizon. wow. i can do better. yes, you can. i can do better, too. break free from the big three and switch to xfinity mobile. welcome back. the tumor cost for food spiking better than 10%

bill hagerty joining us. good to see you sir. alright little toxic.d by inflation. and it's about to ♪ ♪ we all need a rock we can rely on. to be strong. to overcome anything. ♪ ♪ to be... unstoppable. that's why the world's largest companies and over 30 million people rely on prudential's retirement and workplace benefits. who's your rock? if you have age-related macular degeneration, rely on prudential's retirement there's only so much time before it can lead to blindness. but the areds2 clinical study showed that a specific nutrient formula can help reduce the risk of dry amd progression. ask your doctor now about an areds2 supplement. this thing, it's making me get an ice bath again. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'm okay. this is john. he never gives

joining us now senator bill hagerty from senate banking. great to have you on, sir.t is your reaction to that report. >> more spin coming out of the white house, liz. what will happen on thursday, we'll probably read a negative 1.5% gdp growth. that is another straight consecutive quarter to quarter decline. that is the technical answer for what we hit recession. we've been on the precipice of a recession under joe biden. i cannot imagine they will have the gall to try to redefine things technically. when you go to people in tennessee, my home state, ask them what they're feeling, prices at the pump like they never experienced before. growing to the grocery store with record high prices. massive margin compression for corporate america. consumer price index, at one level, seen the producer price index much higher that means margin compression. companies will go bankrupt at much higher rate. they have thrown us into a recession and biden administration is trying to get out of it. elizabeth: when you're explaining when you have to explain you're immediate losing, it me

hagerty, managing director for vanguard europe. let's bring in the bloomberg first word news. >> democrats in the u.s. have struck a deal with holdout senator joe manchin on a tax, energy and climate billing a deadlock on legislation. to enact major parts of president biden's agenda. the plan raises $740 billion in revenue over the next decade. with more than $430 billion in spending and the rest to reduce the deficit. gazprom cut natural gas supplies to the eu via the nord stream pipeline by about 20% yesterday. the russian company says the pipeline needs five functioning turbines to run at full capacity but only one is in working condition. natural gas prices are more than 10 times higher than their usual levels this time of year. global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. tom? tom: thank you. coming up, big profits for big oil. shell and total energy reporting this morning. we break down the numbers next. this is bloomberg. ♪ tom: welcome back to the open. 45 minutes into the european trading day. gains across the benchmark of 0.5%. the best performance in the ftse.