piece point you want to play for the highest beta to the upside on esg still i think the esg overhang is there which is why i wouldn't be in the companies if truly what i wanted was correlation to the oil. i think you have to be actually in the commodity but i think the xle and oih component specifically although have a lower beta are still more of operating companies and you are allowed to pick and parcel in terms of expertise there. so that's the back drop and that's why i'd be playing it -- >> well-said but guy adami, here's the thing about esg. it's very pliable. i've been talking to people who say well, anything fossil fuels can't be esg because they lost money at the top, very easy to dump them. now you say they're not very e, environment, obviously, but they're working on carbon capture. guess what they have done, maybe changed their board. or planted a hundred trees at their corporate headquarters i'm literally not making that up you can manipulate the esg side of this quickly if you really want to own these names. >> no, listen, no question about it and i think people -- i th

they seem to be coming back and looking for the esg improvers.ad: i think you touched on this, but yesterday compliant companies tend to have better share prices, better shareholder value. what are the modalities, why does that happen? elaine: when we -- if we delved into the conference -- conversation we talked about, company is in the polluting sector. a couple of years back you got esg minded investors who dispose of their positions in polluting industries such as metals, mining, energy and utilities because of high carbon missions. what we are finding now is there are companies with improving esg that are under looked by the markets and trading at an attractive valuation. so we have basically created the framework to look at sectors that could be improving either on carbon intensity, they either have plans or already have announced long-term nets zero targets, but have not been appreciated by the market. more specifically, we are advising investors to revisit power utilities in hong kong and india, and some companies in india and juliette: ta

esg did not prevent mcdonald's investment in russia. know, i mean for example, when i went to the nasdaq, they had these investment, these listing portfolios which is kind of modeled after esg investing. they said u.s. companies should have diversity on their board which is fine it's a great thing but how come and i said well are the chinese going to put wegers on the board of their companies and of course we won't , they're not and of course we won't mandate that. isn't that a hole in esg? >> well i think you're building it into more than what it is. it's just a framework of valuation of companies and every company must do what is right for them. it's not for us or anybody to tell you what to do, but every board and management team should design a strategy, how they connect with their employees, how they connect with their clients and importantly, how do they connect with all their communities, and that's what i believe what esg is, how to be working with all your stakeholders and you build more durable, more successful profitability f

esg piece.h of complaining that part of the problem is a biden administration and washington problem. is that -- is that the truth or not? >> look, i don't think the biden administration is at fault for the lack of production you've seen the announcement just yesterday and their release of strategic reserves a healthful step. clearly what the biden administration is doing rightly is trying to accelerate the transition from electric vehicles, patry battery technologies and smart grid. >> if that's right and i'm not saying those steps are wrong -- maybe the answer is just limited in what you can do, you're looking at the price of oil up today not down after they made that announcement. >> well, look, oil was at $140 in 2008, right so we're not anywhere near where this could go to and i think there's clearly concern about the full implications of these sanctions and what exactly -- how this is going to unfold. so it's still a quite fast evolving situation so i don't think we're at a position where

i am not an esg hater necessarily. some people get hard with being far to the left of esg.ople and i think unfairly like larry fink. what he is saying is let's do a transition. let's not do this radical stuff which essentially means that exxonmobil has to reduce its carbon footprint. they can't trail but it allows us -- that forces us to buy oil from putin's russia. and that is kind of what i was trying to say in the column and i hope people wake up to this. >> tucker: i hope so too. let's have a democracy where voters decide where the country goes and not larry think or anyone else. >> i would say he gets a bad rap. listen to them. he is much more for a transition and it's the zealots that are taking over here. >> tucker: i love to your uighur question. charlie. great to see you. thank you. everything happening in ukraine, 3:00 a.m. there. hearing that planes were shot down. can vouch for that. we do have a reporter live on the ground though. also new developments from the last election which honestly shocked us. we will tell you what they were after the break. [ sigh ] no

esg is responsible investing. who's responsible for building esg into your investments?n for outperformance. as active investors, to outdeliver with customized strategies, integrating esg best practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. the investment management business of prudential. hey businesses! you all deserve something epic! so we're giving every business, our best deals on every iphone - including the iphone 13 pro with 5g. that's the one with the amazing camera? yep! every business deserves it... like one's that re-opened! hi, we have an appointment. and every new business that just opened! like aromatherapy rugs! i'll take one in blue please! it's not complicated. at&t is giving new and existing business customers our best deals on every iphone. ♪ ♪ >>> welcome back to "fast money. shares of cannabis company true leaf failing to hold on to gains after reporting results this morning. an 81% jump in revenue kim rivers is the ceo of

let's just ask you a broad question on where japan is heading when it comes to esg.anged is the country needed to see the most right now? kathy: thank you for having me. i think to answer your question, the most important missing ingredient perhaps is that esg is not just a compliance exercise, but rather, esg is an important and critical driver for growth. i believe that many companies, many people, still believe that it is an exercise, hence we have seen a greenwashing incidents here and there. japan is not an exception to the global -- global trend. the missing ingredient and the reason that we are try to integrate esg in the startups that we are investing in is so that they get these values injected into their dna before they become fully formed adults. and these are basic principles. good governance, employee engagement, worrying about how diverse your management team is, the impact your business is having on the climate, all of these elements, which we think are quite basic, really do need to be at the core of a company's business strategy and that is what we a

esg is responsible investing. who's responsible for building esg into your investments?is on for outperformance. as active investors, to outdeliver with customized strategies, integrating esg best practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. the investment management business of prudential. at ameriprise financial, our advice is personalized. based on your goals, whatever they may be. all that planning has paid off. looks like you can make this work. we can make this work. and the feeling of confidence that comes from our advice? i can make this work. that seems to be universal. i can make this work. i can make this work. no wonder more than 9 out of 10 clients are likely to recommend us. because advice worth listening to is advice worth talking about. ameriprise financial. you can't buy love. happiness. or confidence. but you can invest in them. at t. rowe price our strategic investing approach can help you build the future you imagine. ♪ ♪

there's going to be a big esg debate. i totally take the point.ajor shout out to bank of america, who has done leadership on that. but this is a war. we got to remember, this is a war and we are in an information vacuum right now. let's see where we are three days from now before we talk about oil and esg. jonathan: you got oil companies making multi-decade decisions. exxon, bp, shell leaving russia behind. from new york, this is bloomberg. ♪ ritika: sarah: -- ritika: keeping you up to date with news from around the world, with the first word, i'm ritika gupta. president biden warned vladimir putin that the war would leave his country weaker and more isolated. in his state of the union address, the president tried to show u.s. solidarity with ukraine by inviting congress to stand in support for the country. democrats and republicans and ukraine's ambassador stood and cheered in a rare show of unity after a year of bitter division. the president spent less than 10 minutes discussing ukraine before turning to the economic hardship of the pandemic. h

who's responsible for building esg into your investments?pgim, the pursuit is on for outperformance. as active investors, to outdeliver with customized strategies, integrating esg best practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. the investment management business of prudential. dad, we got this. we got this. we got this. we got this. we got this. yay! we got this. we got this! life is for living. we got this! let's partner for all of it. edward jones (vo) some bonds last a lifetime. let's partner for all of it. some bonds inspire confidence, and some you grow to rely on. these are the bonds worth investing in. for over 50 years, pimco has reinvented fixed income to create opportunities for investors in every market environment. so, no matter what happens you can build the bonds that mean the most to you. pimco, a global leader in active fixed income. ♪ >>> welcome back, we've got an earnings alert on amc, check

there is more of a focus on what companies are doing to improve their esg ratings.ompany like imperial brown dramatically improving this. i think there is a growing focus on how companies are looking to improve their esg scores versus what is lower in absolute terms. tom: good to get stuck specific on a tuesday morning. hannah peters, global equity analyst at sanlam. the german finance minister it says german companies must resist demand for gas in rebels. we will have more on that next. francine: and i will be speaking to the outgoing ubs chairman. send us your questions on ib+tv . this is bloomberg. ♪ francine: welcome back to the open. 30 minutes into the european trading day. ukraine will hold talks with russian negotiators in turkey today. the minimum goal for kyiv is an improvement in the humanitarian situation. the bond rout statements. the boj forges ahead to keep caps on inversions in the treasury curve. barclays faces questions after mistakes that analysts called basic and bizarre. we look at the incredible run that stocks have had, getting a present s

esg is responsible investing. you get up to 10 times the speed awho's responsible for building esg into your investments? at pgim, the pursuit is on for outperformance. as active investors, to outdeliver with customized strategies, integrating esg best practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. the investment management business of prudential. >>> welcome back to "fast money", check out shares of gamestop surging in the after-hours session, the company planning a stock split in the form of a dividend, stock up 14%. see this time and time again, is in this case it is interesting because it really impacts options trading and that is a stock people like to trade the options for. >> right it was pretty interesting today, mel, because the majority of what they were buying this is not totally unusual, the majority what they were buying was in the front month and specifically on the call side. that's not totally unusual but 71% of all of the trades today were on

there's the heat map esg is responsible investing.esponsible for building esg into your investments? at pgim, the pursuit is on for outperformance. as active investors, to outdeliver with customized strategies, integrating esg best practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. the investment management business of prudential. what does the future of strength look like? it's dynamic weight that adjusts for you in real time for a more efficient workout. and you can only experience it... (sigh) on tonal. ♪♪ >> let's talk about those moves i mentioned before the break jenny harrington, to you you bought 3m, a new position for you. why? >> so this goes back to the valuation and the asynchronous corrections. by the way, i want to say one thing, the last time i added to the portfolio was last november and you get great pockets where the market gives you opportunities and that's what i got with 3m. last week when

esg is responsible investing. whose resumes on indeed who's responsible for building esg into your investments integrating esg best practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. the investment management business of prudential. >>> we have seen a wave of global companies stop doing business in russia entirely, but crypto currency exchanges are a notable holdout. kate rooney has more on why and the balancing act for that industry kate >> hey, david. crypto changes are stopping short of a complete ban on russian users, despite calls out of ukraine to clamp down kentucky, kraken and binance are among the exchanges operating in russia within the legal limits and complying with current sanctions. the ukrainian vice prime minister asked all exchanges to block users in russia, and its ally belarus, but as kraken's ceo told me yesterday, the exchange is working within opec and state department sanctions which covers certain banks and individuals but until that expand, he s

visit indeed.com/hire esg is responsible investing.nts? at pgim, the pursuit is on for outperformance. as active investors, to outdeliver with customized strategies, integrating esg best practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. the investment management business of prudential. you are an electric vehicle. electricity powers your heart. want to feel your heart beat faster? ♪ (heart beat music) ♪ drive an electric car. made by a company whose evs have gone five billion miles... for every highway... every driveway... ...and every speedway. and where the loudest sound... ...is the beat of your electric heart. this is the new nissan. ♪ ♪ >>> as you know by now, uber reached an agreement to list new york city taxis on its app a shift for the ride-sharing company that has faced strong opposition from tradition add taxi services. they expect to launch in the spring joining us to talk about it, curb ceo aimos o

almost 17% of esg funds with open end funds and etfs with exposure msci downgraded russia to the secondowest score from bbb to b with a negative outlook. s&p global said they're consulting on the possible removal of russian stocks due to sanctions and hope to have a decision tomorrow but this is after years of ignoring red flags. russia's governance score, that's the g, ranked low in peace and stability and yet still included in esg funds. >> does it discredit the rating or does it discredit the people not acting i guess it discredits us in terms of taking action we apparently need a crisis in order to wake up and change behavior. >> behavior is somewhat changing jpmorgan suspended trading for two investment vehicles but didn't remove russians bonds but said both russia and bep rus could be removed starting march 31st in other words, four weeks from now. >> wow the clock is ticking thank you, kristina partsinevelos. >>> rahel solomon back with us now. >> here's what's happening the pentagon set up channels to communicate directly with the russian military nbc news quotes a senior offici

who's responsible for building esg into your investments?to outdeliver with customized strategies, integrating esg best practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. the investment management business of prudential. this is the new world of work. each day looks different than the last. but whatever work becomes, the servicenow platform will make it just, flow. whether it's finding new ways to help you serve your customers, orchestrating a safe return to the office... wait. an office? what's an office? ...or solving a workplace challenge that's yet to come. wherever the new world of work takes your business, the world works with servicenow. >>> wwe's "wrestlemania" 38 taking place this saturday and sunday in texas. the first tonight full capacity "wrestlemania" in the company's history. joining us, wwe president and chief revenue officer nick kahn to talk with "wrestlemania," nfts, the transition to peacock from p

esg is responsible investing. who's responsible for building esg into your investments?pursuit is on for outperformance. as active investors, to outdeliver with customized strategies, integrating st practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. the investment management business of prudential. (fisher investments) it's easy to think that all money managers are pretty much the same, but at fisher investments we're clearly different. (other money manager) different how? you sell high commission investment products, right? (fisher investments) nope. fisher avoids them. (other money manager) well, you must earn commissions on trades. (fisher investments) never at fisher investments. (other money manager) ok, then you probably sneak in some hidden and layered fees. (fisher investments) no. we structure our fees so we do better when clients do better. that might be why most of our clients come from other money managers. at fisher investments, we're

i think there is a bracketing going on with esg.nasdaq with any ethnic minorities with the uighurs on his board. can you imagine forcing the chinese to put the uighur minority that it is trying to put in jail why you force u.s. companies to go out and make sure they have broad board diversity including transgender people. i'm not saying there's anything wrong but think of the double standard. that has been going on in esg investing for the last two years as it picked up steam and becomes a mantra in corporate america. i've been told with academics, fund managers, they are saying there's going to be a change in the russian invasion of ukraine. think of it this way. it was okay for mcdonald's to operate in moscow even as vladimir putin was killing his political opponents and destroying chechnya and wiping out people. it is a scary thing. i think that will be a change per this is an inflection point right now. neil: i think you are right. thank you very much. charlie gasparino. i would go to senator bill cassidy of louisiana. louisiana

esg is responsible investing. who's responsible for building esg into your investments?e investors, to outdeliver with customized strategies, integrating esg best practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. the investment management business of prudential. a financial advisor who gives me personalized advice that helps build my portfolio and my confidence? now you're talking. no wonder ameriprise financial has been named the #1 most trusted wealth manager. ameriprise financial. advice worth talking about. (rhythmic electro rock music) (crowd cheering) - bito, bito, bito, bito! - [announcer] bito, the first u.s. bitcoin-linked etf. >>> we are . >>> welcome back to "squawk on the street." bitcoin back below 40k kate rooney is tracking the moves. >> good morning. bitcoin is back where it was trading a week ago disappointing some who saw this as a moment for crypto to decouple from stocks still under $40,000. this morning it had reached a high

i get to find my passion with the financial markets with my passion for diversity and inclusion and esgthing i plan to do is use my platform to help our listed companies along their esg journeys not everyone is, you know, at the same pathway the other way we're helping is we founded the new york stock exchange advisory board council. the purpose of that was to increase the number of women and diverse candidates who are board ready, so we found that was the best solution for companies, particularly listed companies who are looking for diversity on their boards >> what about what the nasdaq is doing, which is instituting a law now that the s.e.c. is backing where companies have to disclose gender and diversity of its board members and explain why if they don't have that. would the stock exchange, would the new york stock exchange go so far as to make a rule like that as well >> today, 95% of our companies already have at least two women on their boards and 88% have more than 20% women on their boards and so we found that our solutions driven approach was a more appropriate way to address

who's responsible for building esg into your investments?tperformance. as active investors, to outdeliver with customized strategies, integrating esg best practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. the investment management business of prudential. as an independent financial advisor, i stand by these promises: i promise to be a careful steward of the things that matter to you most. i promise to bring you advice that fits your values. i promise our relationship will be one of trust and transparency. as a fiduciary, i promise to put your interests first, always. charles schwab is proud to support the independent financial advisors who are passionately dedicated to helping people achieve their financial goals. visit findyourindependentadvisor.com >>> the russian oligarch crack down continuing and so the robert frank's coverage of all of this. he's got more on this front right now. good morning >> good morning, be

who's responsible for building esg into your investments?s, to outdeliver with customized strategies, integrating esg best practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. the investment management business of prudential. zero-commission trades for online u.s. stocks and etfs. and a commitment to get you the best price on every trade, which saved investors over $1.5 billion last year. that's decision tech. only from fidelity. >>> welcome back russian oligarchs are unloading conflicts, but what happens to the items seized we have seen some items like yachts get seized. robert frank has the story for us robert >> yes some big items, in fact, morgan. italian authorities freezing over $150 million worth of yachts and villas over the weekend. including yachts owned and a $19 million compound the question now, as you say, what to do with all these really expensive assets sanctions only allow the assets to be frozen the ow

esg is responsible investing. who's responsible for building esg into your investments?the pursuit is on for outperformance. as active investors, to outdeliver with customized strategies, integrating esg best practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. the investment management business of prudential. (vo) verizon business unlimited is going ultra! get more. like manny. event planning with our best plan ever. (manny) yeah, that's what i do. (vo) with 5g ultra wideband in many more cities, you get up to 10 times the speed at no extra cost. verizon is going ultra, so your business can get more. >>> coming off the best day for the nasdaq since march of 2021 take a look at the laggards leading us a little bit lower this morning a lot of chinese tech names on the list we'll get the opening bell in just over five minutes don't go anywhere! ♪♪ ♪♪ ♪♪ >>> bitcoin falling below 40,000 as crypto currencies give back much of yesterday's gains. we know

esg is responsible investing. who's responsible for building esg into your investments?e pursuit is on for outperformance. as active investors, to outdeliver with customized strategies, integrating esg best practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. the investment management business of prudential. (typing) (toddler laughs) ♪♪ (train whizzes by) ♪♪ (toddler babbling) ♪♪ (buzzing sound) ♪♪ (dog barks) ♪♪ (wine glasses clink) ♪♪ (typing) ♪♪ (toddler babbling) (typing) ♪♪ ♪♪ >>> florida's new bill that opponents call don't say gay is now law. governor ron desantis signed it yesterday. it forbids the discussion in kindergarten through third grade. disney says it should never have been signed into law disney says our goal is to repeal this from the legislature or struck down by the courts we remain committed to the organizations working to achieve that. >>> in the meantime, major tech stocks with a comeback over concerns of rising rates and war

madelaine: i don't think esg factors go away at any point of our investing.wanting to do the right thing when we look at credits, when we look at companies can get their policies on esg. it really does not change in this dynamic versus any other. i think it is a very difficult situation for governments right now, particularly governments who have pushed down a path of promoting renewable energy and trying to move away from the old school dirtier fuel, in a situation where frankly, we are facing an energy supply problem. i think that puts a very difficult situation for them. it does not change our objective when we talk to companies and talk about the longer-term future around doing the right thing for our environment and asking them how they are going to get towards improving the carbon basis of the world and what they can do. nothing changes there in our discussions and our wanting to encourage companies towards taking that longer-term pathway. guy: can i come back to the here and now? central banks are always very concerned about making sure that credit mar

that is, does the concept, does the definition of esg needs to change to defense stocks or companys that are focused on reshoring or near shoring or working with trade partners need to hold more weight for investors focused on social issues, for example? >> that's a great question and you probably will see an expansion of the definition of esg, more shareholder scrutiny where you invest and supply chains, especially immediately in russia. you could see that you could see in a similar fashion as you see investors demanding climate change plans, demanding more diversity on board. investors will want to see where companies invest the money and that is most likely a trend that we are going to start seeing now. so it is a very good point >> secretary gutierrez, thank you for joining us today >> a pleasure. >>> coming up, a long time market watch irsaid investors should bauy utilities as rates rise >>> tesla on a tear. up 25% in a month. what's the next stop find out when "power lunch" returns. flexshares etfs are built with advanced modeling. to fill portfolio gaps and target specific goals.

your assessment >> to put it frankly, current events aren't going to derail the plans as they advance esg expansion. really this isn't going to be a complete kind of about turn in their ability to do it i don't think we're going to be suddenly seeing a lot of announcements suggesting that those plants are completely derailed. >> understood. let's talk a little bit more broadly about what's happening in the equities, today specifically with the ftse 100 we're seeing it outperform slightly what in terms of the waiting of the different sectors, the banks, the food and energy, the minors aeffecting that >> the first thing is kind of the intraday moves it's really hard to say because of the volatility at the moment. in terms of today's main movement, we've had some pretty positive movement from aviva there's kind of a read across there and what's going on in that space that's where we have some kind of bearing to be completely honest with you, so much of it is a reversal of some of the severe reactions we've seen in recent days, but increased volatility is to be expected i would expect severe

there is another side which says we have a long-term commitment to climate, to esg. how will that play out in the next 24 hours? annmarie: this administration is going to want to emphasize the esg part or the sense that we should be putting more money towards things like solar, wind, nuclear, the technology that the unit states has that could potentially mean less reliance on oil, just to have a cleaner energy grid. people say this in ministries and has not been welcoming to the fossil fuel industry the way the prior administration was, and they are blaming the administration when it comes to higher prices at the gas pump. lisa: when we talk about a meeting with those oil and shale producers at some point in the near future. annmarie: i have not heard anything about a meeting. when you had executives come in, the president was flanked by them come but in my reporting i do know that there have been individuals in the administration talking to the shale patch, talking to u.s. producers about this. it is not like there has not been communication. that would be false. jo

esg is stopping people investing in the energy sector right now.t's having a huge impact on people's performance and fully managers' deaf portfolio managers'-- and portfolio managers' performance. would you be dangerous given the potential for massive volatility to go forward and invest the energy sector? karen: two different questions there. we do have to be very careful when we get very elevated commodity prices and energy stocks have done terribly well, we have to remember that at some point high energy prices destroy their own demand. and therefore as --you see a big pickup and energy prices but then a big decline. as we get higher, we should be allocating more to energy, obvious trade to me. want to be thinking, as you are talking about, that destruction being the broader theme. on the broader esg funds, the one thing we can say with absolute conviction today is the momentum behind transitioning our energy policies, two different sources, dramatically different energy efficiency, that was a 2015 ambition and now it is a 2022 ambition. the reso

whether it is people afraid of the higher prices or esg >> jeff, if we are in the early innings of thee overall companies that they have to deploy capital? not just back to shareholders, but drill for oil and gas or is the whole world in the move to clean energy making these companies more apparenrehensive about the drill, baby, drill. >> they need to have access to the capital. i like to say it is not about the supply and demand of the barrels of oil it is about the supply and demand of the dollars used to create the barrels let's say it is not all blamed on esg let's not forget that two years ago or 23 months ago oil prices were negative. the losses in the sector were nothing short of epic. we need a good track repcord to answer the question of the purse strings. prices moved up in '03 and '04 it wasn't until '06 that the purse string opened up when you look at the history of the super cycle, it takes a while. they want to see a track record. they want to know the coast is clear. we are in the process of creating the track record with good returns we have yet to see it follow through

esg into your investments? at pgim, the pursuit is on for outperformance.estors, to outdeliver with customized strategies, integrating esg best practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. the investment management business of prudential. [zoom call] ...pivot... work bye. vacation hi! book with priceline. 'cause when you save more, you can “no way!” more. no wayyyy. no waaayyy! no way! [phone ringing] hm. no way! no way! priceline. every trip is a big deal. fortitude gold producing high grade low cost gold in nevada usa. a gold investment delivering monthly cash, dividends and substantial yield. fortitude gold. your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire >>> good wednesday morning, welcome to another hour of squawk on the street david faber is on sig

esg is responsible investing. who's responsible for building esg into your investments? on for outperformance. as active investors, to outdeliver with customized strategies, integrating esg best practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. the investment management business of prudential. >>> check out shares of restaurant chain sweetgreen soaring today, up almost 24% after reporting its first quarterly result since it went public back in november. the company beating on revenues, gave a strong outlook for sales in 2022, and joining us now for a first on cnbc interview is sweetgreen ceo and cofounder jonathan neman welcome. >> thanks for having me. >> so you come out of the gate here with a bang in terms of comp store sales which were up more than 30%, despite some of the challenges we saw this quarter with omicron and inflation. what is driving the gains for you right now? >> first of all, i want to take a moment, thank you for having me i

esg into your investments? at pgim, the pursuit is on for outperformance.tors, to outdeliver with customized strategies, integrating esg best practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. the investment management business of prudential. >>> got a mixed market -- well, actually no. looking at any my numbers here i thought the nasdaq was down -- yeah, it is. sorry. couldn't see in my screen there. mixed market with the s&p up as you see right there. of course, markets do remain volatile the u.s. increasing sanctions on russia. >>> our next guest says inflation not russia is the u.s. economic concern and exposure to russian equities, not die vesting yet. let's get to that guest, joining us is elizabeth burton always good to have you. we talked about inflation in the past and, in fact, carl and charles plosser talking about it a lot as well. how big a concern is it for you? and how in any way are you sort of dealing with it as you

who's responsible for building esg into your investments?t is on for outperformance. as active investors, to outdeliver with customized strategies, integrating esg best practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. with our commitment to the investment management business of prudential. ( ♪♪ ) i call it the wheel. okay. this is a miss. edison, can i be honest with you? i-i-i-it stinks. (speaking japanese) like i was saying, it's ftx. it's a safe and easy way to get into crypto. ehhh, i don't think so. and i'm never wrong about this stuff. never. as a small business owner, your bottom line is always top of mind. so start saving with 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. so boost your bottom line by switching today. get the new samsung galaxy s2

. ♪♪ esg is responsible investing. who's responsible for building esg into your investments? active investors, to outdeliver with customized strategies, integrating esg best practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. the investment management business of prudential. - super excited to open up my diploma from southern new hampshire university. - i'm nervous, i'm excited. - [man] okay, let's see it. let's see it. - oh my gosh. - as soon as she saw this, i did it and it's here. - [man shouting] yeah! (upbeat music) - [narrator] next term starts soon. visit snhu.edu >>> welcome back time for our "etf spotlight. seema mody is looking at brazil and latin america, outperforming other major global indices can the rally last >> hey, that's right if you look at the performance of last week, emerging markets saw $3.5 billion in inflows last week led by brazil and latin america. if you look at the u.s. listed ewz etf it's now up over 30% this year, outpaci

i started to think about the esg principles, i wrote an op-ed, saying every country needs to stop.an morally continue to finance an economy that has started an unprovoked war. that led to colleagues in london, at hygate, they developed boycottrussia.info. which focuses on all companies and gets everyone to look at companies that's right largest. and then volunteers starting pouring in and squeezing putin.com appeared because of volunteers keeping track of each and every company operating in russia. what they were saying, what they were really doing to be able to parse through concepts which aren't always clear and which companies are helping ukrainians. >> i guess to get through sort of the measurables here, what effect do you think this is having? >> i think for average russians, the departure of retailers they're seeing shut down mcdonald's, shut down estee lauder. and the stocks. what's important was the divestment of bp shell from the energy sector. are right now, what we're waiting for is the financial sector which is at the very heart of the situation. citi, ing, barclays cre

a new investment banking group will boost esg sustainable efforts.e across europe, asia and the middle east. we will be watching these stocks when trade opens in japan and korea. many are reacting to the increased geopolitical risk, the commodity risks to russia and ukraine, including tokyo, reportedly halting production in russia given issues resorting -- issues sorting parts from overseas. there also suspending exports in russia. canceling passenger flights to and from frankfurt that crossed the russian airspace. and temporarily suspended operations at the export terminal in ukraine, according to a spokesman from posco. this is bloomberg. ♪ as a small business owner, your bottom line is always top of mind. so start saving with 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. so boost your bottom line by switching today. get the new samsung galaxy s22 series on comcast business mobile and f

what can the fed do, and what does congress need to do to strike those balances. >> relative to esg? >> and full employment. >>: employment, for most members of the fed, we believe we are at maximum conditions. >> the maximum employment can never be higher than the level of price stability. >> the gentleman's time is expired. >> thank you. >> at that level at these. >> artificial intelligence is now recognized for five minutes. >> thank you. i would like to add to the representatives list of triumphs. the record level of small formation. i think that when you try to preserve the very strong economic recovery, you have a dual mandate, but even i on that one. it is one of the most important successes. do you remember the misery index? when unemployment drops from 14% to 4%, with a drop by about 10%, and then, the inflation goes to 2% or 7% rate does that mean the misery index has increased 30 these? works it decreases. >> thank you. you mentioned that the inflation problem was one of goods and not demand. make any estimate to those effects? >> i should be clear. inflation is too high i

in an environment where you cannot move, esg, environmental rules around companies — esg, environmental you would of thought social issues, dealing with your workforce — social issues, dealing with your workforce in a humane, decent manner would _ workforce in a humane, decent manner would he _ workforce in a humane, decent manner would be top _ workforce in a humane, decent manner would be top of the list of the priorities— would be top of the list of the priorities you have. perception wise, _ priorities you have. perception wise, ali— priorities you have. perception wise, all companies agonise about reputational risk. this is p&0 the worst— reputational risk. this is p&0 the worst pr — reputational risk. this is p&0 the worst pr disaster for. they fired their— worst pr disaster for. they fired their workers, they want to pay £5 50 an _ their workers, they want to pay £5 50 an hour — their workers, they want to pay £5 50 an hour. the people who travel between _ 50 an hour. the people who travel between ports that are not within the uk _ between ports that are not within the uk and can

investors will look a little more closely at the chinese companies as they review and consider their esg guys >> so many bells and whistles and things to talk about globalization, a, i would assign this article to someone if you were an editor the dream of globalization is almost gone at this point. we have russia and now worried about china who has to choose sides. they are walking a fine line with the west and russia we could eventually be unhappy with chinese companies then you've got this so many things working against the notion that we're all in this together now. it is not good long-term, for global growth. we have our own problems global inflation >> reporter: yeah. the chinese are very concerned about decoupling and concerned about the sanctions and potential that the tensions with the u.s. and europe and china really could create for the overall economy. in fact, we heard that as one of the main themes from the chinese premier who met the press today at the end of the national people's congress, the big gathering here he said these sanctions are something that could really roil

as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes.estment management business of prudential. (vo) verizon is going ultra! and so is manny! event planning with our best business unlimited plan ever! with 5g ultra wideband now in many more cities and up to 10 times the speed at no extra cost, the downloads are flying fast! verizon is going ultra, so your business can too. (vo) for me, one of the best things about life is that we keep moving forward. we discover exciting new technologies. redefine who we are and how we want to lead our lives. basically, choose what we want our future to look like. so what's yours going to be? you're a one-man stitchwork master. but your staffing plan needs to go up a size. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire ♪ ♪ (jane) we really expanded our family... for the wireless savings. then, my sister told me about visible. (sister) get unlimited data for as low as $25 a month. no family nee

is it biden policies, the esg movement or some say wall street demanding excessive cash and dividenduybacks that doesn't leave these companies a lot of money to do investment? >> i think it's a combination of things. first u.s. policies have not been very friendly, right, to oil companies. so oil companies have grown skeptical of this administration. second investors, investors have been burned twice in the past. they want to see free cash flow, dividends, capital discipline and stock buybacks. and then it is not that easy just to turn on the taps. you will need at least six months. and that said, the industries are facing labor shortages and also experiencing the same supply chain problems other industries are. it is difficult to source parts. it is not as if you can turn on the taps tomorrow. charles: sure, sure i heard a lot about the esg movement ham perking the ability to raise big money that would be needed for the old school big production projection. let me ask you about a tweet i saw, you chimed in on the cathie wood tweet about peak oil which she predicted in 2019. of cours

all that part of the esg movement. read this week there is a lot of brevard county sure on credit suisse, money managers that control 2.2 trillion euros, which is about $3 trillion trying to get them not to back anymore oil and gas. if banks are not backing these big projects how do they get done? >> hard to know. money is the best truth teller the fact of the matter is esg is a great concept in theory and books and stuff like that but we're still so far away from that and we still hugely need our energy industry in the united states and something you and i spoke with, spoke about back in 2014 after the arab spring. it is like we need to use this as a defense mechanism, not get into these situations. it's true, we only import 150,000-barrels a day from russia. mainly gas, fuel oil, but supply and demand balance it is what it is. charles: sure. >> why can't we drill in north america? charles: let me ask you, larry, because i'm running out of time here. gasoline at a record high right now, but when you factor in inflatio

. >> i say that asking businesses to self sation, to voluntarily apply their esg principles and walkhe walk of leaving, ceasing doing any business in russia. any part of any business we do with russia is indirectly financing the war. >> french businesses are more hesitant to pull out because of deep investments in the country . renaud has 40,000 employees. dannon, which has 8000 employees and earns an estimated 6% of its annual revenue in russia says pulling out is not so black and white. >> we have a responsibility to the people we feed. the farmers who provide us with milk and the tens of thousands of people who depend on us. >> the financial stakes are high. >> french companies have around 17 billion euros invested in russia. many companies hav invested a lot on the grounds. pulling out means giving that up. >> what emmanuel macron has been leading the european push to impose sanctions on russia, other corporate giants say the french government is not pressuring them to cut ties even as public pressure continues to grow. >> we have seen on social media in particular these calls to

esg environmental social government factors is something that is paid a lot of attention, a lot of financial investments , and something bpc working on. at least in our conversations on both sides of the out is increasing recognition as you point out the close connection between esg competitiveness and also the need for more movement. we are seeing that growing recognition on capitol hill. chris, the corollary to what maryann has been talking that is the political evolution and how the views of cover and judgment of industrial policy which is been used for increasing frequency over less years have set changed? you work on capitol hill. you work for senator rubio. i think you are involved with a couple of the papers in a report that was produced on american investment. take us how you've seen the political context change over the last several years. >> yeah, sure. first of all thanks for reading. i'll let my former colleagues know, they will appreciate it. so just for reference, the text you are referring to are are a few reports senator rubio release back when he is chairman of the small bus

and marianne, you also lked about kind of the corpate nature of corporations, esg, enronmental social government factors is something that has been getting a lot of attention, a lot of financial investment in the last fe years, mething that we're working on at least inour conversation with -- on both sides of the aisle there's increase and as you point out the close connecti between esg and competitiveness and also the need for more movement here and i think we have seen that a growing recognition on capitol hill. ris, the corollary to would marry and has been talking about is kind of the politil evolution here. and how views of competitiveness of national policy of industrial policy have been used with increasingly frequen in the last two years. how is that change, you work on capitol hill, you work for senator rubio, i think yoare involved with a couple of papers of reports that the senator produced on investment policy. take us through how you see the litical context change of last several years. >> yeah sure, i mean first of all, thanks for reading, all of my former colleagues kno

who's responsible for building esg into your investments? that does it for us., to outdeliver with customized strategies, integrating esg best practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. the investment management business of prudential. >>> good friday morning. welcome to quake on t-- "squawk on the street. i'm carl quintanilla with david faber and jim cramer russian forces occupy the largest nuclear plant in ukraine. >>

esg is responsible investing. who's responsible for building esg into your investments? at pgim, the pursuit is on for outperformance. as active investors, to outdeliver with customized strategies, integrating esg best practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. the investment management business of prudential. >>> welcome back to "squawk box. u.s. equity futures are weaker dow futures down 45. s&p off 8.5. nasdaq off 36 points this comes after big gains yesterday when the dow was up almost 600 points. andrew. >>> peloton founder and former ceo john foley sold $350 million shares to the investment firm. foley still holds a number of shares it is pleased to support the new ceo barry mccarthy who sits on the board of the spac by the dell family office peloton stock lost 75% of value over the last year and raised gains from the pandemic. there is hope that barry will come in and turn things around he has interesting ideas about changing the bu