underneath the surface -- single stocks, erickson down 6%. the network equipment maker continues to suffer from the disappointing story turning out to be 5g. it is not delivering in the way a lot of people had anticipated. the nordic private equity stock down 7%. talking about a slower fundraising environment, talking about the fact that they are thinking about novel ways to deliver on exits. private auctions is one possibility. this is traditional exits the private equity market would normally use in the public market not working right now. we will talk more about this in a moment. alix: alix: i am very surprised the s&p is only down .2% despite the fact that the 10 year yield is jumping higher 11 basis points and we get hot retail sales. it is not just that they missed estimates but they re-accelerated to the upside. the sox is not helping, this is the semi-index, on news the u.s. could limit nvidia chips to china. we also has asml tomorrow. something here does not make sense. we saw the same thing yesterday. i want to point out dollar-yen.

jim morrison, with hines and erickson and fearless developers here. from 530 howard street.que. carl from fisherman fiore. thank you so much. and we couldn't do this work without the incredible people whose hands build these units, the carpenters, thank you so much. [ applause ] and the building trades. and of course many of our housing advocates, jay natoli is here. thank you so much to cory from the housing action committee. it is a village. we won't stop, we can't stop now. first step in the right direction. and before we sign this legislation, i would like to introduce supervisor president of the board of supervisors aaron peskin. [ applause ] >>supervisor aaron peskin: thank you, mayor breed. the mayor got it just right. this is government working at its best, collaboratively based on actual data and i have to say, the meetings that we've had over the period of months were actually very pleasant, they were not contentious, they were informed by experts. all of them i was going to thank, but the mayor has thanked each and every one of them. i will say that the office of

jim morrison, with hines and erickson and fearless developers here. from 530 howard street. en enrique. carl from fisherman fiore. thank you so much. and we couldn't do this work without the incredible people whose hands build these units, the carpenters, thank you so much. [ applause ] and the building trades. and of course many of our housing advocates, jay natoli is here. thank you so much to cory from the housing action committee. it is a village. we won't stop, we can't stop now. first step in the right direction. and before we sign this legislation, i would like to introduce supervisor president of the board of supervisors aaron peskin. [ applause ] >>supervisor aaron peskin: thank you, mayor breed. the mayor got it just right. this is government working at its best, collaboratively based on actual data and i have to say, the meetings that we've had over the period of months were actually very pleasant, they were not contentious, they were informed by experts. all of them i was going to thank, but the mayor has thanked each and every one of them. i will say that the of

i want to bring in erick erickson, the most of the erick erickson show. you just heard melanie zanona's report. working on a bill that would tie israel aid to $14 billion in spending cuts that had been allocated to the irs to, you know, crack down on tax cheats, et cetera, et cetera. senate democrats said that would be dead on arrival. i have to say just hearing what mitch mcconnell said supporting aid for israel, aid for ukraine, aid for taiwan, and strengthening the border, that just sounds like four things that republicans would be in favor of. i'm kind of confused why house republicans wouldn't be in favor of it. >> look, there is a division as to how much to fund. and i think they support almost all of them. but we do have a problem on our hands as a nation. we're rapidly getting to the point where the bond yield is going to push us to all of our revenue coming in is going to have to pay debt service. so republicans are starting to think we've got to cut. they've contributed to the problem and should be honest about it. but as much as i'm with mitch

lisa erickson of u.s. bank wealth management is with us. this is bloomberg. ♪ the chase ink business premier card is made for people like sam, who make- everyday products, designed smarter. like a smart coffee grinder, that orders fresh beans for you. oh, genius! for more breakthroughs like that- i need a breakthrough card. like ours! with 2.5% cash back on purchases of $5,000 or more. plus unlimited 2% cash back on all other purchases. and with greater spending potential, sam can keep making smart ideas- a brilliant reality! the ink business premier card from chase for business. make more of what's yours. fresh, warm hot dogs! when i'm not selling hot dogs, i invest in a fund that advances innovations like robotics. fresh, warm hot dogs, straight out of my torso! one for you, one for you. oh, you're a messy one. cool, right? so cool. anyone can become an agent of innovation with invesco qqq, a fund that gives you access to nasdaq-100 innovations. hot dogs! fresh, warm hot dogs! before investing carefully read and consider fund investment o

doctor erickson? >> okay, i wrote epr i think it epr bill allows the companies who are making materials that become a waste participate financially in a recovery management of those materials. also a bottle bill and national bottle bill i think would go a long way to getting back the material from the environment too. >> i agree thank you. abraham lincoln was once asked what is the role of government? he replied famously the government is to do for the people what they cannot do for themselves. on this committee we are often times looking for how do we harness market forces in order to achieve something good for the people of this country and for the good of the world. we talked about incentives and so forth through the course of this hearing i'm always looking for ways to harness market forces if anyone has a thought a closing thought on market forces i would welcome that. in this issue for two decades have met so many young entrepreneurs and innovators on the front and creating businesses innate reu

and lucky is rival erickson announced plans to layoff 8500 employees since the beginning of the war in ukraine, the european union has radically reduced is in 4th of coal, oil, and natural gas from russia. in fact, the block stays in the goal is to eliminate all russian fossil fuel in ports by 2027. but there is one, a glaring exception to this trends liquefied natural gas or l n g, which the e u has been enforcing in record volumes from russia to don't use duct power report as an embarrassing sight to the e. u. the block is russia's biggest customer of liquefied natural gas buying over half of the country supply and the 1st 7 months of the year. that's with over 5000000000. yours potentially sustaining the kremlin small chest for rush rates means that european union and countries which basically are purchasing a russian gas. basically they are helping to finance of russia budget. and at the same moment the finance rushes, aggression and, and, and, and war against you. great island g is natural gas, which is being turned into a liquid form to be transported around the world in ships. r

hezbollah, erickson ran meeting with hamas leader now. 40 years since the beirut bombings against u.s. marines for you years since october twe of 83. the terrorists love inn verse rows knowing 169 men who turned up on the hear watch list at our border should we worry about this? >> i have no knowledge of specific intelligence the answer is, yes. remember, the iranian government came clone and said than i worked with hezbollah to attack marine barrack this is is happening over and over again. and that's why i believe you in it is absolutely time for reckoning with hamas and if hezbollah gets involved a time for a reckoning with them. we pulled out and the terror said wow, this work and have not stopped. may be we should try something else >> bribe, since then the obama administration and biden given billions of dollars to erickson ran and surrogates is had mas. >> yea. can we give up on that and admit they were writtening that would help. in the eye of the storm, thank you. look forward to see youing stateside and get i speaker soon. >> thank you. coming up warn that hamas and hezbolla

joining us is lisa erickson, senior vice president and head of public markets group at u.s.acked wealth management. great to have you with us. we just heard from jamie dimon talking about 7% and 8% rates. our u.s. equity markets prepared for that? is that why you are neutral on the whole asset class? lisa: to your point, if we continue to have rates move up, that certainly is a headwind. underlying economic trends would suggest potentially that rates would go down, but regardless of that, we have seen this relentless march upward in treasury yields. it is on the back of continuing to get some decent economic numbers, including the numbers like we got from institute for supply management to where there continues to be expectations. with those technical numbers, we get further rises. so it is something we are watching carefully and it is part of the reason we are neutral on the u.s. equity market as opposed to being more bullish on the fact that there have been some economic surprises. shery: people have pointed to the healthy u.s. consumer in order to stay bullish on the u.s.

earlier this year and lucky is rival erickson announced plans to layoff $85500.00 employees. since the beginning of the war in ukraine, the european union has radically reduced is in 4th of coal, oil, and natural gas from russia. in fact, the block stays in the goal is to eliminate all russian fossil fuel imports by 2027 . but there is one, a glaring exception to this trends liquefied natural gas or l n g, which the e u has been enforcing in record volumes from russia to don't use duct power act report as an embarrassing sight to the e. u. the block is russia's biggest customer of liquefied natural gas buying over half of the country supply in the 1st 7 months of the year. that's with over 5000000000. yours potentially sustaining the kremlin small chest. for russia, it means that your opinion on countries, which basically are purchasing a russian gas, basically they are helping to finance of russia budget. and at the same moment, finance rushes, aggression, and, and, and, and war against you. great. island g is natural gas, which has been turned into a liquid form to be trans

we have doctor marcus erickson marine scientist cofounder of gyres institute. the extent of pollution and his colleagues published the microbeads and great lakes in 2013 that's an example there is a very definable product a very definable reaction we cannot live without these microbeads and our cosmetic or skincare lotions. and now they are not there so that is good. also joining us is erin assignment vice president at the world wildlife fund helping companies to reduce plastic pollution. she spent 10 years working as a packaging engineers in us a lot about the packaging side and we are joined by humberto founder ceo of gsf up cycling which breaks down use plastics to remake them into new products. thank you for the time for sharing your expertise with the committee. and i will turn it over to ranking member senator mullin for his remarks. >> thank you and i appreciate it. i think you for allowing this and mr. merkley has a long history of study and plastics. while we may not agree on the solution we are in search of a solution to a problem. i appreciate having

nokia earnings as well, we've just heard from erickson. we get sales from l'oreal.o be a slowdown, is that just related to handbags. will we see cosmetics being affected as well and then we get nestle. sales and revenue, this will be fascinating. talked so much about what's happening with the ozone pic story. will that be impacting what happens. are we going to be seeing this move away from focusing on price to focusing on volume. what is nestle doing and does it represent the safe haven at the moment. alix: interesting off of procter & gamble they're still able to pass along pricing increases even though the amount of what people are buying is falling. let's get more here, kepler shove rohan of swiss equities. let's start with nestle. are they going to go the png route here? >> i think the street is looking for something around 7% organic scales -- organic sales. the volume mix definition may be negative but i think this will be echoed across the staple space, we saw that with procter & gamble as well. guy: haven't talked for a long time. talk about when you focus

third jel erickson scored the double. by the way, in both cases he was assisted by kaprizov.e best player of the meeting was minnesota goalkeeper marc andre flury, a three-time stanley cup winner with pittsburgh, who is experiencing his second youth. such a reaction of the thirty-eight-year-old flury stretching with an acrobatic sketch could be the envy of any younger goalkeeper. well, the most spectacular moment of the day belongs to conor mcdavid. the center forward of edmonton in the away game with nashville demonstrated such a dribble of the opponent, the analogue of which is unlikely can be found in the hockey archives. the goalkeeper of the predators was so amazed by what he saw that he did not offer any resistance. at the moment of mcdavid's shot, which summed up the first period at 4:00, the match itself ended with a major victory for edmonton 6:1. in the overseas racing series, nascar was the first to emerge. playoff final participant kyle larson won the stage in las vegas. the race in the world capital of the gambling business did not provide any bright moments, alt

this is what erick erickson said after the bill passed -- "conservatives got the whole of the house gop to agree to cut the government by 8% as the opening negotiation with the senate. but matt gaetz decided his grudge against speaker mccarthy was more important, so he helped scuttle cuts, and now the government is going to grow." they're saying this is your fault. >> the cuts -- that was a mirage. the biden administration had already put out a statement of administration policy they were going to veto that. the senator said they weren't going to take it up. this is about what turf we battle on to reduce spending. i do not believe we'll ever reduce spending if the manner of negotiation is just what is the condition or the ornament that we're going to hang on to a continuing resolution. since the mid-90s, this government has been ruled by continuing resolution or omnibus bill. that's why we're $33 trillion in debt. my plan so go into single-subject spending bills would allow us to put that downward pressure. and i've acknowledged that in divided government you have to work with senate de

jim morrison, with hines and erickson and fearless developers here. from 530 howard street. en enrique. carl from fisherman fiore. thank you so much. and we couldn't do this work without the incredible people whose hands build these units, the carpenters, thank you so much. [ applause ] and the building trades. and of course many of our housing advocates, jay natoli is here. thank you so much to cory from the housing action committee. it is a village. we won't stop, we can't stop now. first step in the right direction. and before we sign this legislation, i would like to introduce supervisor president of the board of supervisors aaron peskin. [ applause ] >>supervisor aaron peskin: thank you, mayor breed. the mayor got it just right. this is government working at its best, collaboratively based on actual data and i have to say, the meetings that we've had over the period of months were actually very pleasant, they were not contentious, they were informed by experts. all of them i was going to thank, but the mayor has thanked each and every one of them. i will say that the of

scott wong says one jordan supporter, representative erickson for fact-finding mission in israel.house remains paralyzed. and next call is walter, beaumont, california. republican. good morning. caller: hi. how are you today? host: i'm doing ok. caller: good. i'm calling for the speaker conference debate. press conference today. and i think that he's right on. i have been a republican all of my life. and republicans need to have some backbone and fight. and our speaker jordan is making that point. and anyone, he has 90% of the votes, if anyone can get more than 90% of the vote they should come forward and be nominated. and until that time they should keep voting until until the rino's in the republican party realize they are just helping the democrats. host: wisconsin, independent. go ahead. all right. jim in urbanna, ohio, good morning. caller: good morning, ma'am. how are you? host: i'm doing ok. caller: i would like to say that the biggest mistake they can make is putting jim jordan in there. we would have a lot of trouble. you got to work with both parties. and i don't think t