while the discuss, let's bring in the i and david mckelvey, the ceo of mckelvey financial group. david, let's start with you here. so what's the take away from wednesdays? meanings? did we really expect anything to change after it took the cartel a considerable amount of time to come to the latest agreement? ignoring us pressure to increase production did not surprise us. the white house was concerns with inflation and increased political costs, sort of accruing from that coming into the 2022 election while their real opec implicitly communicated. that's your concern, not ours. if you look at july credit data from china, we know that there, we knew that there would be a series of economic statistics emerge in august would support the notion of slowing economic activity in china. sure enough, those numbers are showing up, export demand is falling, manufacturing slowing, same here in the u. s. we've got the u. s. purchasing managers and x is the p. m. eyes, which give us an indication of slowing economic activity on the horizons. we have both the service and manufacturing p. m eyes

so joining us now discussing david mckelvey and the ceo of macaroni financial group. now david, it's no secret that we're seeing problems with supply all around here. but how big are the warning signs when it comes to the current natural gas shortage? and what could it mean for europe in the us? in europe, they've prepared for a healthy transition to more energy creation from natural gas in north stream through is obviously critical, and commodity prices are on the rise and that reinforces their resolve to complete the project. and have it fully operational and that's gonna happen soon. so in the us, we don't have a very coherent energy strategy. sure, we want to reduce our carbon footprint, but no one is thoughtfully engaged in how to put it all together. whether it's a partial solution for nuclear energy. we're even wavering with natural gas as we migrate away from coal. although it's cleaner, it's still fossil. so the current zeitgeist sees a world of renewables as the only solution instead of a reasonable part of the solution. so natural gas remains in a more, i th

well, joining us out to discuss it, david macalucio mckelvey, the financial group. now david, how does this surprise move from china? stand to impact the oil market overall right now. well, today's move is not all that dramatic time will tell if this choice sort of tips the scales and begins a longer period of lower pricing for crude. and of course, the total quantity that's released will be relevant the reality of higher input prices and the impact of higher consumer prices is very concerning. not only the chinese government governments all over the world, and the u. s. for instance, has tried to strong arm opec to bring prices down to lead a political pressure arising from voters negative economic experience and the same pressures are emerging in europe. european bond market has been signaling that the sep will lighten up on q e because we're seeing some inflation pressures there and people don't like it. so the real factor in the equation is inflation. inflation is defining the political conversation and the knock on effect is that monetary policy and other policy

chris b, i and david mckelvey. thank you both for your time in analysis today. thank you. the and finally to a bizarre, a story that remains a mystery in more ways than one collector who goes by the name pranks, the claim to be the 1st ever to buy and see from the infamous bank. see, for just $336000.00 worth of a theory, a while pranks the claims of purchased the picture after following only from the street artist official website to be enough to market place open, see the banks. the team was quick to say that's not possible, and they have yet to venture into the world of n, f t's, but it doesn't end there. the collector then said the money he spent was mysteriously return to him with no explanation. as a result, the number of counterfeit banks, the n a t 's have exploded online. and while the collector said he believes the official website was overtaken by hackers. the question now becomes, who is the real prank? if only all people who are scammed could get their money back, we're going to have to follow this story because we don't know what's going to happen. that's it