s. state of missouri pulls money from state pension funds, manned by investment, joined black rock. the reason that to avoid backing at quote, woke political agenda will of our financial correspondent what's going on, overcoming of turkey and russia agreed to establish a gaff hub on the black sea. but will the move have any impact on the energy crisis? and why chimney sweep in the united kingdom are seeing a 3rd in demand for their services. this is d w business. i'm kate ferguson. thanks for joining me. the us state of missouri has followed louisiana by pulling hundreds of millions of dollars of pension funds, managed by investment company, black rock. the state treasurer, say the company is prioritizing environmental, social and governance issues over shareholder returns. a strategy they say is part of a woke political agenda. ironically, environmentalists say black rock isn't doing enough to divest from fossil fuel. black rock c o, a larry flynt defended his company's investment strategy thing he knows he's doing something vice, when he's being close, attacked equally by the left

is black rock, given the questioning over its investments, black and blue rock, why it could be sufferingime after this. ♪ (vo) while you may not be a pediatric surgeon volunteering your topiary talents at a children's hospital — your life is just as unique. your raymond james financial advisor gets to know you, your passions, and the way you give back. so you can live your life. that's life well planned. another busy day? of course - you're a cio in 2022. but you're ready. because you've got the next generation in global secure networking from comcast business. with fully integrated security solutions all in one place. so you're covered. on-premise and in the cloud. you can run things the way you want - your team, ours or a mix of both. with the nation's largest ip converged network. from the most innovative company. bring on today with comcast business. powering possibilities. the day you get your clearchoice dental implants makes every day... a "let's dig in" day... mm. ...a "chow down" day... a "take a big bite" day... a "perfectly delicious" day... - mm. [ chuckles ] - ...a "love my

black rock voted to spend money on climate projects. >> reporter: an interview in september, black rock'sary to everyone and none of this is our money. we have to find our investors the best investments but all of this scrutiny comes with the cost other than these withdrawals, ubs downgraded black rock from a by to a neutral and cut the price target, 700 to 585 so we continue to follow this. neil: following what is going on with holyroodhouse one a month or so ago, some calling for her head, might be reminders of conservatives and liberals about overstepping yourself. that after this. ♪ ♪ get decision tech. for insights on when to buy and sell. and proactive alerts on market events. that's decision tech. only from fidelity. (vo) businesses nationwide are switching to verizon business internet. (wilder) it's a perfect fit for my small business. (vo) verizon has business-grade internet solutions nationwide. (wayne) for our not-so-small business too. (vo) get internet that keeps your business ready for anything. from the network america relies on. another busy day? of course - you're a cio i

black rock, silver.aria: three more migrant buses arrived in new york city this morning while we've been on the air yesterday, bus arrived at vice president kamala harris' d.c. home as the city council in d.c. is now taking steps to allow 50000 noncitizens to vote in local elections. lee carter i'm wondering if this is what it's all about, the wide-open borders were 3 million people have crossed into america illegally on joe biden's watch is the whole point to allow noncitizens to vote? >> you cannot imagine what it is for, you cannot imagine why they would allow noncitizens to vote in local elections, what are they going to know about these communities, what are they going to know about the history and what needs to happen in these places, it's pretty unbelievable that there allowing that to happen. we have a real issue at the border. it should not be politicized or anything, but look at what's happening we have a humanitarian crisis at so many different ways but it needs to be dealt with the right way,

black rock is pushing esg and we will get that here.ck by hurting black rock's bottom lines. details coming up. after my car accident, wondnder whahatmy c cas. so i called the barnes firm. i'm rich barnes. youour cidedentase e woh than insurance offered? call the barnes firm now to find out. yoyou ght t beurprpris fanduel and draftkings, two out of state corporations call the barnes firm now to find out. making big promises. what's the real math behind prop 27, their ballot measure for online sports betting? 90% of profits go to the out of state corporations permanently. only eight and a half cents is left for the homeless. and in virginia, arizona, and other states, fanduel and draftkings use loopholes to pay far less than was promised. sound familiar? it should. vote no on prop 27. when that car hit my motorcycle, vote no on prop 27. insurance wasn't fair. so i called the barnes firm, it was the best call i could've made. call the barnes firm now, and find out what your case could be worth. ♪ call one eight hundred, eight million >> ♪

that is what black rock does. i'm not predicting it. expect 75 basis point rate increase followed by 50 and another small one at 25 early next year. what black rock is saying is not up. the election interesting stuff. wall street firms reaching out to various strategists. one of the firms was briefed by a top gop operative. the gop operatives predict the house goes to republicans but they are predicting big numbers 20, 25 or more house seats flipped to republicans and they will win in the senate. they pick up a seat in arizona, blake masters, pick up possibly a seat in nevada. even maybe herschel walker who has been running into trouble they think they can still win that. i know what you will say. i will tell you a couple weeks ago they were not talking this way. they are seeing something moving towards republicans. what happens if they get the house and senate? the gop operatives saying expect hearings on the sec chief, we are somewhat myopic focusing on the sec because this is a business network, expect hunter biden, doj, going after

black rock headquarters in new york city storms by protesters carrying pitchforks.n, not doing enough for the environment. they adopted call ash one point, stop funding climate deaths, third day of protests, 10 people arrested the one tweeted if black rock, there are so few, people who got rich investing in the destruction of our planet must pay to fix it but they are so heavily invested. they are caught in the crossfire of progressives like these protesters and republicans who say your climate agenda is hurting investors and state pensions. stuart: they ever bought a gallon of gasoline? does that contribute to the death of the planet? lauren: they pursue an active climate. i feel bad for black rock. stuart: can never do enough for those folks. still ahead. former levi's brand president, david avella will jonas and so is david terrel. the democrats realize climate change, crt, abortion is not high on the list of voter concerns but too late to switch, voters are not going to forget two years of bad policy. that's "my take" and it is next. ♪ go. go green. go wind turb

black rock is one of the most well-renowned snorkel sites on the planet.iple publications, kaanapali has been chosen as the most beautiful, accessible, pristine beach in the world -- several times. in addition to snorkeling locally here, we have three beautiful catamarans called teralani, and these are 65-foot custom-built-yacht sort of vessels that pull up on the beach and access you. you walk off the beach. you don't have to park. you don't have to go anywhere. the boats come to you. beautiful on-board, dining, on-board food and beverage, on-board snorkeling. >> what i've come to really love about maui is, there's a little bit of something for everyone. so, you know, if you're looking for beautiful hikes and, you know, really nice waterfalls, maui has that option. if you're looking for great golf, spas, any way to relax, we have that. maui is such an amazing blend of people and opportunities and experiences. so we're really hoping to accomplish a more modern luxury. luxury, again, is all about time, it's all about accessibility, and it's all about person

black rock, silver. as a business owner, your bottom line is always top of mind.s: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network. with no line activation fees or term contracts. saving you up to $500 a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities. ™ millions have made the switch from the big three to the best kept secret in wireless: xfinity mobile. that means millions are saving hundreds a year with the fastest mobile service. and now, introducing, the best price for two lines of unlimited. just $30 per line. there are millions of happy campers out there. and this is the perfect time to join them... add a line to your existing plan, or see for yourself how easy it is to save by talking to our helpful switch squad at your local xfinity store today. first psoriasis, then psoriatic arthritis. even walking was tough. i had to do something. i started cosentyx®. cosentyx can

black rock, silver.ll reveals millennials think the thumbs up emoji is for old people into comes off as a lazy way to say thank you and considered passive aggressive. others making the old people list are the crying laughing face and red hard. i use the thumbs up all the time. >> i know hold down the other person's text and thumbs up it that way so i don't send it any more. did you know you could do that? just told it down and do a thumbs up or thumbs down, really easy. for as lazy folks. stuart: and passive-aggressive old people like me. let's bring in mark montero who has iconic pop-culture items on his auction block. i want to start with the 2,007 factory sealed iphone, $500 in 2,007. how much will go for now? >> we think it will exceed $35,000. it is in mint condition, factory sealed, 15 years old. if you remember this is the one that steve jobs held up at his math world presentation. these images of him holding the phone is iconic. we are seeing a trend in collectibles where collectors are migrating

black rock, silver.elf-driving cars next package could make its way to your doorstep via self-driving plane folks business grady trimble live in concorde california with latest on the future of shipping hi grady. >> hi, jacke here it is, a cessna grand caravan basically looks like any other plane of this type. but if you look a little bit closer you can see some sensors other tech that allow this plane to fly you itself, we have the good fortune going up on flight with xwing saw firsthand can taxi, take off, land with no help at all from the pilot. you can see the yoke controller in video turning itself plane in air someone in what they call mission control center on the ground, communicating with air traffic control and monitoring the flight, right now there is still a safety pilot in the cockpit hopes eventually passengers feeling accountable getting on plane with no plooilt plan to start with cargo flights from one small airport to another goal flying without a pilot. >> we can fly to remote, packages

black rock is tied to asset values that's important, plaque rock also experiences something that most do not, which is inflows even when the market is down most asset managers lose assets, not just to market values falling, but also to investors abandoning ship. that's not the case with black rock they experience inflows on a secular basis, because of their dominance in the index fund trade. >> index funds and i assume retirement accounts, as well, where the money is just coming in month after month, week after week thank you very much, andy kapyrin, have a good weekend >>> meantime, the elon musk era at twitter is in full swing, barely 24 hours into full swing. musk sending out a cryptic tweet overnight -- does he send out any other kind -- saying "the bird is freed," in an apparent re reference to the takeover being completed. so is this the end of the social media saga or merely the beginning of a new chapter julia boorstin here with a look at twitter turning the page. julia? >> well, tyler, elon musk faces a range of challenges, particularly surrounding his commitment to bein

black rock, silver. dedicated advisor will work with you on a comprehensive wealth plan across your full financial picture. a plan with tax-smart investing strategies designed to help you keep more of what you earn. this is the planning effect. maria: welcome back. good monday morning thanks very much for being here this morning. i'm maria bartiromo, it monday, october 10 headlines that we are watching valera hitting back california energy commission accused of oil ceos of price-gouging cheryl casone with details. cheryl: maria, good morning again valero responding to accusations saying in part quote this, california policymakers, have not only adopted capitol hills excessive intent of eliminating refinery sector adding costs in the form of taxes regular straightens adversely impact refiners ultimately will be passed to california consumers the second highest gas tax in the country today's average 6.33, dollar 3 over enable average, get this governor gavin newsom talking about a lev session in december w

black rock, silver.vantage plans that can provide broad coverage and still may save you money on monthly premiums and prescription drugs. with original medicare you are covered for hospital stays and doctor office visits but you have to meet a deductible for each, and then you're still responsible for 20% of the cost. next, let's look at a medicare supplement plan. as you can see, they cover the same things as original medicare, and they also cover your medicare deductibles and coinsurance. but they often have higher monthly premiums and no prescription drug coverage. now, let's take a look at humana's medicare advantage plans. with a humana medicare advantage plan, hospitals stays, doctor office visits and your original medicare deductibles are covered. and, of course, most humana medicare advantage plans include prescription drug coverage. with no copays or deductibles on tier 1 prescriptions, and zero dollars for routine vaccines, including shingles, at in-network retail pharmacies. in fact, in 2021,

black rock, silver. neil: a lot of attention being paid to opec coming out of nowhere.old tight on supply, we were not expecting them to cut by 2 million barrels a day. that's what they are saying on paper, you don't have to read it on paper to be furious about the insinuation, something that helps vladimir putin doesn't do much to help us. >> reporter: we heard from biden energy advisors that met with the saudis two weeks ago and said they did not expect this kind of cut so the rest of the cabinet is trying to figure out what to do and there's no putting a happy face on these opec threats. listen here. >> what opec did the other day is not helpful but it proves we have to be less dependent on foreign energy. >> reporter: even some democrats are wondering aloud what good is it doing the us to coordinate so closely with the saudis? congresswoman alyssa slotkin of michigan tweets opec's announcement is an acceptable and reflect a new low in our relations with the golf. automatic options should be on the table including the withholding of american military hardware and sec

to me, this is just plain nuts and not just because a billion-dollar hit means nothing to black rock,mportantly, they run the funds because there is demand for it people invest in companies they think is doing good or not actively damaging the environment. they want to switch, not just be in a regular fund. esg matters. they have a done of funds at black rock not like they're force feeding people let me give you two pieces of sanity about this. it makes me angry. the demand is real so many people want to invest this way you look at the biggest winners, they tend to be companies passionate about moving away from fossil fuels. some of the best performers make it their business to help the environment so if you think esg helps poor people or historical minorities, you haven't looked at the stocks of what is winning and good balance sheets. second, what makes this move a total travesty, the asset managers i know, larry fink is the far most level headed. he doesn't want us to go green and doesn't favor higher gasoline prices. he doesn't want us to be like germany that decided to mothball t

black rock, silver.have made the switch from the big three to the best kept secret in wireless: xfinity mobile. that means millions are sangundreds a year with the fastest mobile service. and now, introducing, the best price for two lines of unlimited. just $30 per line. there are millions of happy campers out there. and this is the perfect time to join them... add a line to your existing plan, or see for yourself how easy it is to save by talking to our helpful switch squad at your local xfinity store today. maria: i say this as a father of a man who won the broad start of the service medal and lost his life in iraq. >> that was president biden speaking about his late son beau during the establishment of the campaign of continent no divide national monument. the president son did not die serving in iraq he died of brain cancer. back in 2015. dagen this is getting downright frightening. >> glioblastoma is what killed beau biden. i'm not sure joe biden would know the truth if it was a wet fish that hit hi

black rock, silver.th the calorie counting, is well underway on the largest silver exploration carb cutting, diet fatigue, and stress. just taking one golo release capsule with three balanced meals a day has been clinically proven to repair metabolism, optimize insulin levels, and balance the hormones that make weight loss easy. release works with your body, not against it, so you can put dieting behind you and go live your life. head to golo.com now to join the over 2 million people who have found the right way to lose weight and get healthier with gol maria: welcome back. saudi arabia confirming that president biden did attempt to coerce the kingdom into postponing any oil production cut until after the midterm elections. democrats are wanting the u.s. to temporarily halt all arm sales to the saudi as a punishment. here's what president biden had to say about this yesterday. >> they're calling for a stopping of u.s. arm sales to saudi arabia. do you support that legislation? >> we're going to react to

black rock, silver. neil: all right. i leave you with the dow down 210 points. i think charles payne can fix that. to you, my friend. charles: lightweight, lightweight. got that first half hour of the show, thanks a lot neil. neil: all right bud. charles: i'm charles payne. this is "making money." breaking right now it is all about the fed. that means it is all about jobs, make's tomorrow jobs report make-or-break. we saw greater than expected jobless claims. that sparked a nice move in stocks. we have liz ann sonders what to expect from tomorrow's jobs report this as ceos almost unanimously say we are going into recession. sven hendrichs is on deck at 2:40 on the fed's messaging overkill and how it is making things a whole lot worse. stories once again of gold's demise are greatly exaggerated. central banks around the world they have been stockpiling. the big question, should you? i will ask peter schiff. i think you know the answer. only syria has a worst human freedom score than venezuela. so why, why is the administration going to do business with them? dene

black rock, silver. municipal bonds don't usually get the media coverage the stock market does.eople don't find them all that exciting. but, if you're looking for the potential for consistent income that's federally tax-free, now is an excellent time to consider municipal bonds from hennion & walsh. if you have at least 10,000 dollars to invest, call and talk with one of our bond specialists at 1-800-217-3217. we'll send you our exclusive bond guide, free. with details about how bonds can be an important part of your portfolio. hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality municipal bonds from across the country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. liz: folks, there's a new 800- pound gorilla in the banking world after the federal reserve today approved u.s. bancorp's acquisition of nufg union bank's retail banking business. the green light for the deal gives u.s. ban

black rock, silver. meet a mining company that doesn't mine.form is ready to disrupt the pr eropesti, then connecting isthe property ownershe with potential buyers. advance ituned. liz: a shockingly lopsided new ipsos poll in the wake of piped's pardon to people with nonviolent federal marijuana con convictions. two-thirds of american adults support the executive action, and even more respondents, nearly three-quarter withs of the adult population, express support for potentially changing the classification of marijuana under federal law. many calling this move a first step toward legalization in the u.s. including scott's miracle gro ceo with whom we spoke exclusively last week. regardless, still quite a road ahead. joining me now to discuss,s tilray chairman and ceo with, irwin simon if. the classification of this is interesting, marijuana is classified in, what, special 1 which means it's as a bad, in the same group as heroin and fentanyl. i mean, americans are not buying that now, irwin. >> so good afternoon, liz, and great to see you. grea

black rock, silver. i'm so glad we did this. i'm so glad we did this. i'm so glad we did this.'m so glad we did this. i'm so... ...glad we did this. [kid plays drums] life is for living. let's partner for all of it. i'm so glad we did this. edward jones municipal bonds don't usually get the media coverage the stock market does. in fact, most people don't find them all that exciting. but, if you're looking for the potential for consistent income that's federally tax-free, now is an excellent time to consider municipal bonds from hennion & walsh. if you have at least 10,000 dollars to invest, call and talk with one of our bond specialists at 1-800-217-3217. we'll send you our exclusive bond guide, free. with details about how bonds can be an important part of your portfolio. hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality municipal bonds from across the country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3

you look at black rock, for formal officials work in the white house not black rock is big on environmentalial policies, people like ryan these for as well do we heard from earlier. >> you hit the nail on the head and i can't wait, i hope for publicans gain majority so we can have oversight hearings on the administration out of control. i can't wait to bring officials in before resources committee and ask these. there's a way to close with wall street and bureaucracy especially the white house and this is causing harm a max taxpayers not accomplishing the climate goals american want to achieve. what is doing is bundling money into investment funds used to attack american industry. texas and alaska and louisiana. elizabeth: what about u.s. energy workers? this is the heart of the story. it about garden-variety corruption, unchecked no strings attached, climate change spending going to grease the palms of climate donors. >> i think it will be speaking about continued expansion of the government balance sheet, government expenditures that do nothing to support the economy but create long-term

earlier this month, louisiana announced similar plans moving $800 million due to black rock's environmentalves. and check your fridge. necessarily is recalling toll house cookie dough nationwide due to possible plastic contamination after hearing from a small number of customers. thankfully no injuries or illnesses have been reported. and how about this? the new england patriots send a custom gift to the first female to score a touchdown in her massachusetts high school's 125-year history. that is mackenzie quinn, a wide receiver at brockton high receiving autographed football signed by team owner robert kraft. the player nicknamed the mighty quinn describes herself as gritty and says she loves mixing it up on the field and getting down in the dirt. how cool is she? brian, over to you. >> brian: that's great. 27 minutes before the top of the hour. check in with senior meteorologist janice dean, janice, you have the weather. >> janice: i do have the weather. imagine that brian kilmeade. it's a little cool in the northeast. but i don't have anything to complain about because across the upper

john law cofounded burning man to international event at black rock desert in nevada. law is legendary to burners. joining us now, john law. i know you don't do too many media interviews, we appreciate your time. first why the doggy diner statues? what inspired you? >> ben davis from illuminate the arts, produced bay lights. i ran into him at event, said he was doing art event in the park over time, asked if i would be interested in bringing the dog heads out for it. i said of course. >> how did you secure them? >> long story. i got the first in 1988, second three years later and then third one, girlfriend at the time bought for birthday as surprise. ended up with three of them. local cultural icons, we didn't plan that. but people love them so much, attached to this kind of commercialism that's gone away and transcended in some bizarre way. when we're done in golden gate park, going back to the kennel on island. keep them on trailer there, mascots for the treasure island city fire department out there, parked out in front. also on various websites that talk about weir

black rock down about 1.5% >> if you think about making sure we position ourselves in areas continuegrow as more and more retail investors frankly retire and rollover their assets onto their platform, black rock a leader in asset management, really offering a complex and deep set of solutions so from our viewpoint, you know, financials always kind of kick off earnings season, i think but, you know, for us looking at our financial exposure we can pull several levers, and we can see, you know, some transparency in terms of those being able to grow even against some of the headwinds that joe so susingtly described just now twitter shares pulling back after that big spike yesterday mr. wonderful kevin o'leary he weighs in. he recently sold his twitter stake. are you thinking about getting back in? don't tell us yet. wait until after the bakre you're going to find out when half time returns in just two minutes. get decision tech from fidelity. [ cellphone vibrates ] you'll get proactive alerts for market events before they happen... and insights on every buy and sell decision. with zero-c

joining as is black rock cio rick reeder. thanks for being in studio with us.bviously, and in the economy, that is their goal. >> you don't see a lot of it yet. you look at the employment costs the came out and it is still high and still running cpi over 8%. it hasn't worked through yet and the signs of inflation are happening with commodity prices, the housing market by every metric is coming under pressure, a big part of the inflation metric so you can see it is coming. it is still pretty sticky. >> this is going to trickle through? >> i'm confident it is on its way. it will still be higher than it has been historically for 2 reasons, wages are still high and job market is tight, fed trying to create degradation in demand for hiring, it is still sticky. people underestimate we have a service oriented economy, 80% of the job market, 2 thirds of consumption, healthcare, education, restaurants, travel, that is still staying high and the goods sector is deflating today, services are solid and most of the economy and inflation coming down to still a higher rate. j

semiconductor manufacturers, black rock puts intel on its climate focus universe and as a shareholderemission caps and managing climate risk without saying a peep about the actual risk that matters and opportunity that matters for these kinds of companies. you want to know why? a lot of those financial institutions have business interests in china that cause them to shut up in talking about those risks here at home. we're not going to do that. strive does not have business interests in china so we can speak unabashedly about this. and i think if we're able to bring that to mandate, hopefully we can encourage those companies to bring production. >> brian: you would like to see revenue flow in this fund and set up the staff to bring this back and bring some of this manufacturing back here, we'll always be in control of it. it's amazing, all these c.e.o.'s and others, they're almost 50/50 when their allegiance to china and the u.s. i'm amazed that they understand without being an american, they wouldn't have the opportunity they have right now. are they that far from reality? >> yeah, so

basically number one black rock and morgan stanley on the asset management side. it's hard to imagine that the numbers could be all that great when you have declining asset prices after all, their revenues are tied directly to aum and declining as a function of declining market prices although most recent declines won't show up in the reporting quarter but presumably people will look at that and factor that in. i'm not anticipating any of the stragglers in terms of reporting to release any information that's going to be new i think we're going to find out what we need to know by end of next week. >> yeah. all right. large caps are one thing small caps could feel the impact of economics faster and more intensely than any part in the market looking at the other direction what are you doing >> look at iwm ability of weakness due to weakness abroad. i think the focus will shift from fed policy and monetary policy to economic health, to actual earnings health what i want is the a more levered play to do that. dructi constructer in s&p, dow, a large bellwether game, mor

black rock and morgan stanley on assets management side, it's hard to imagine the numbers would be that great when you have declining prices. their numbers are tied directly to aum that is a function of declining market prices, although some aren't going to show in the recent quarter. people are going to look at that, factor that in i'm not ants paying the stragglers in terms of reporting to release any information that's new we're going to find out what we need to know by the end of next week. >> large caps are one thing. small caps could feel the impact of the economics faster and more intensely than any other part of the market in fact, they already have in one direction. let's look at the other direction. what are you doing >> taking a look at the iwm. a lot of weakness has been attributed to currency exchange rates and weakness abroad. i think the fed focus is going shift to economic health, to actual earnings health and what i want is a more -- way to do that if you're construct in the terms of dow or s&p or large cap, bellwether name. i want something that's going to give me more

we're thinking about investment and trading and commercial banking that's basically number one black rock and morgan stanley on the asset management side. i mean it's hard to imagine the numbers could be all that great when you have declining asset prices after all, their numbers are tied directly to their aum and that has been declining although some of the most recent declines aren't going to show up in the reported quarter, but presumably people are going to look at that and factor that in i'm not looking at any of the stragglers to release any information that's new i think we're going to find out what we need to know by the end of next week >> all right, well large caps are one thing, small caps could arguably feel the economics than any other part of the market in fact, they already have in one direction. what are you doing >> i'm taking a look at the iwm. so a lot of weakness has been attributed to currency exchange rates and weakness abroad. i think the focus is going to shift from fed policy and monetary policy to economic health, to actual hernings health and what i want is a mo

ah little black rock central keys during morning rush hour. who should i live? a more civilian targets were struck in the barrage of strikes the 1st to hit the capital in months. but i will throbs muscles with you in the morning. we were woken up with his greeting from our neighbors in russia. you know, that you see all this here and across the entire city, almost through his yes. sure. or some horrible rel law fulton war. i am putting these as synonyms for more. we hope for our victory. include them, we're live with her. this is a tragedy, not just for civilians who are dying, but also for the military that are the all for the sake of a whim of one idiot who leads russia or c. u career. ukraine's president accused russia of trying to wipe his nation from the face of the earth. speaking on the streets of keys, he said the strikes were time to inflict maximum damage on it. bravo, bank, you the one acquaint, panicking chaos not they want to destroy our energy system is made. the 2nd target is people we can overall, they deliberately chose such a time and such targ

response to an attack on a key bridge between russia and the annexed crimean peninsula. multiple black rock central keys during morning rush hour. who should i live? a more civilian targets were struck in the barrage of strikes the 1st to hit the capital in months. but i would rather not those with you in the morning we were woken up with this greeting from our neighbors and russia. you know that you see all this here and across the entire city almost over his yes. sure. for some world or rather, la, fortune wall. i am putting these a synonyms for the more we hope for our victory. let them live with this is a tragedy, not just for civilians who are dying, but also for the military that are they all for the sake of a whim of one idiot who leads russia or c. u career. ukraine's president accused russia of trying to wipe his nation from the face of the earth. speaking on the streets of keys, he said this strikes were time to inflict maximum damage. on the progress bank, you the one a crate, panicking chaos, not they want to destroy. our energy system is made. the 2nd target is people return nu

so now on the black rock, the problem on the hood by that could you see really one of the, of the 3 little one of the rest of this actually looking at a symbol that, ok, i mean that's we didn't go to you. let's talk about a chicago block call. when you can tell you the books numbers are in control, new things to you. i need control finance. and you can just say i'm a counselor. so it just means that in your mind, control, in practice, all of choice, you're still pushing by cry. democracy more of the plaintiffs on that. you get a minute, but you're not the flip. go right out over a he rabbit. you know that under your ship to build us stella for good. you've told you you don't want to buy it. there's a lot on like a cook up there, july democracy, some way if i give the promise as politicians, and luckily in democracy, it could be the chance that. but if i give the promise to people in ukraine, we spend with you as long as you need us. then i want to deliver no matter what my german vote a thing, but i want to deliver to the people of ukraine. please give us a soon to demo, caught the hi, dia

so no, on the black rock the problem cut on the hood by that could you see really one of the recipes actually looking at nimble that ok, i mean that's we didn't go to you. let's talk about a blood call when you can tell you the books numbers are in control. know steve, i need control room finance and control you purchased inside. and i may come from me and didn't you give them any control over all of choice? you're still pushing by for cry, democracy more of the saying it's on that. you get a minute, but you're not the flip godaddy over. he probably did not understand your shit to do us, stella for you to give you thousands of us. it was like the cook up there, july democracy, someone might if i give the promise for latigion and luckily in democracy, it could be the chance that. but if i give the promise to people in ukraine, we spend with you as long as you need us. then i want to deliver no matter what my german vote to thing, but i want to deliver to the people of your train, please get us. and i soon did. they will cut the hard diag markson, a demo car the i think that it's the l

i've been a number of explosions in ukraine's capital keeps mer, says several black rocks. the central district, the offers of the ukrainian president says the city was hit by a kamikaze drains. mohammed jam june is in keith with more. the air alert is continuing here and keep and residents are still being urged by officials to continue to shelter in place. this was the area of key that was hit by russian missile strikes. last monday i was the 1st time that the city had been in months and the city had returned to a state of relative calm. today, people are concerned, people are worried if this is going to continue throughout the day. that district in the center of the capital is a district that the ministry of offices, their educational institutions. there are residential buildings. there was a statement that was put out by me or because they could go in which he confirmed that 2 explosions had taken place in that district. he said that a fire had broken out as a result in a residential building that proctor in the area had been hit that a residential building had been dama

francine: laura cooper, senior investment strategist at black rock international.ing up, we have more from westminster and investment banks take center stage as earning season gets underway in europe. we will discuss what to expect next. this is bloomberg. ♪ francine: welcome back to the open. 24 minutes into the european trading day. we are still seeing gains apart from the ftse. europe's earnings season goes into full swing this week and top investment banks are taking central stage including ubs and deutsche bank and credit suisse. april roach joins us. what can we expect from credit suisse's strategy review on thursday? >> credit suisse has promised to provide an update with its third-quarter results on its comprehensive strategy review. the bank is reported to be considering a sale of its u.s. asset management operations. investors will be keen to find out if this review will include any update on details of the sale of these units. analysts also say credit suisse could report a decline in fees and trading revenue this quarter impaired to the same period last

>> that is a great question when you look at black rock, even an asset manager that shot past $10 trilliont year is not immune to market jitters. assets and management fall below expectations of wall street, that is 8 trillion dollars now, that sets us up for this week and next week as you your from other asset managers. jp morgan, morgan stanley, goldman sachs, are they feeling the pressure on fees? what pressure we talking about? it is the retail business and equity business most under pressure. when you will therefore you can see a lot of the same. equities, retail investor, the milling dollar question is how much pain -- the million dollar question is how much pain is the institutional investor feeling? kriti: speaking of the trading, tomorrow is your super bowl, will be on the redeye back to new york covering big bank earnings, what can be exact tomorrow? >> what is crazy, the bankers are hearing d.c. and then back to new york. i want take a quick look at what was said yesterday at the iif about the u.s. consumer. >> the consumer basically has more money in their accounts by multiples

attorney general, your state has already divested your state pension funds from places like black rockver these esg concerns, which is fantastic. explain how this move today represents the next step? >> missouri is leading that investigation with 18 other states into the six largest financial institutions in the world for this net zero banking alliance. it is in partnership with the united nations, with the stated goal of having a carbon neutral portfolio by 2050. that might sound good to the coastal elites. and might sound good on some term paper at harvard or some white paper roll at a liberal think tank. for the rest of america, it stinks to high heaven and not to scare the be jesus out of everyone. it means for credit worthy applicants who are in the oil and grass industry or auto manufacturing industry or agriculture where they have diesel vehicles or cows. the stench everybody is complaining about that pollutes the world, it means they are going to shut down lending and make everything more expensive. that's a real problem. this is nefarious. we launch this investigation and have

about what bulgakov knew about this terrible place, but as soon as we started talking about the black rock of lysy gory, the rain began to intensify, drowning out all sounds and not giving us the opportunity to write an interview. you ask me, and bald mountain, the rain begins to intensify. i think that mikhail afanasyevich was also a mystic in terms of the sabbath, after all, because the ball at satan's is, of course, a sort of kindred cost. and maybe, of course, he heard. oh bald grief maybe something happened here, but now everyone who comes here remembers that this is a prosperous place, however, until then. until the rain finally disabled our equipment. we still managed to learn from marina gireeva that if in the days of bulgakov there were legends and terrible rumors from witches, today things are even more terrible here. many young girls because e composition of some satanic sectors, but we have learned not at all times. this mountain was considered cursed. great work here at one time an archaeologist. krupnov from here, raised materials that belong to the period of the old stone ag

black rock's numbers were better than expected.e bottom line is the assets under management still pretty good price drops affect your assets under management but if you look at black rock they continue to have inflows into the i-shares etf business a massive business that really helps turn them around here. $22 billion in inflows and what happens is your assets under management even if the prices are down 5% quarter over quarter down but still pretty good considering you're getting inflows there. finally i have a lot of questions about the vix this morning, david people were asking me, gee, why is the vix down on such a volatile day at 32 the vix is pricing in at roughly 2, 2.25% quarter move on a daily basis for the s&p 500. that is exactly the move we had. the move today was not unexpected and not out sized given the fact the vix is way, way up there in terms of volatility back to you. >> bob, thank you. bob pisani wanted to come back to our viewers and give you a little more detail on this potential deal in which kroger is going

the perspective star of the week might be and might be the ceo of black rock we have to hear what he says he's because smart and level hooded and he's tirelessly working to be better than the others to get it right, i bet his company is navigating this moment well. i'd be a buyer friday we have other companies that could offer surprises the big banks. we've got wells fargo. okay that's a gigantic position as well as morgan stanley for our -- the charitable trust. why? well, because we think that banks whether it be morgan stanley which is a gatherer or wells fargo can do terrific. make deposits and j.p. morgan does everything everywhere, same thing. banks are tricky rates hikes but with employment red hot, grprogressively this cn do higher with better rates. club knows we'll give total break downs of every one of these and better break downs than you get from anybody on wall street. we'll get the best from the health insurer, which is united health this is a machine that almost never misses i prefer human thata now. it might pull back on less than a perfect quarter. i want you to thi