as it release to the esg fight and some of the backlash that's playing out. >> yeah.oing on with the stock. as you mentioned looking at the prices of oil going the other direction, if you look at six, seven, eight months back when you know, there was a powerful upward climb of prices and that was due to tight supply-demand and geopolitical tension and that led them to having the quarter that they had in the first half of the jerry. they blew past consensus from top to boomt line and they had free cash flow that was really strong in the first half of the year which they used to buy back stock. now, going forward, i do think we're going to see a little more headwinds with margins compressing and with the prices going the other direction. so you know, we're still holding onto our shares but it's going to be a little more tumultuous going forward. >> delano, i'm told that you're winning our stock draft right now. is that true remind us. what were your picks >> i had draft kings, kelly and i also believe i had -- >> amazon? >> yeah, i believe i had amazon. >> wow winning -

compliant -- esg component.te: that has been part of the reason a lot of tension has been drawn. it is the first time the market and seen a decline in volumes. it is caused by lack of demand, lack of willingness to issue, instead of market conditions. a good example of that, if you look at the percentage of esg, corporate insurance coming within esg label, it is down year-over-year -- flat year-over-year. we've had some products that were sold that had to be relabeled. it is not from investors they want to wait a bit mark, to say it is peak but could come back? >> product side, there isn't the ability for bonds to lose their label. this is more on the funds side. the potential for downgrading funds. on the green bonds side, this is a prime example of why investors need to do their due diligence. the market is largely unregulated. it is important when they pay a premium for these securities, that they do their diligence. francine: this is a question i feel like i asked every week? why are we harmonizing it? who w

esg? what happens when you invest according to esg.n attack an entire country, but a new firm is pushing back against this trend run by a friend of this show, very smart person, giving americans the opportunity to invest without being subjected to other people's political agendas. he's going to roll it out live after the break large out-of-state corporations have set their sights on california. they've written prop 27, to allow online sports betting. they tell us it will fund programs for the homeless. but read prop 27's fine print. 90% of profits go to out-of-state corporations, leaving almost nothing for the homeless. no real jobs are created here. but the promise between our state and our sovereign tribes would be broken forever. these out-of-state corporations don't care about california. but we do. stand with us. >> tucker: so the federal government has a habit decades-long habit of classifying information you have every right to see, because it gives bureaucrats power. they have clearances you don't. interesting information, incl

esg movement bankrupted she loong can but coming come to a town near you. i take to you the school of stocks before you dress like a hipster or dressing like them. all that and so much more on "making money." charles: so when i was growing up there was asaying last one in was a rotten egg. i have to be honest i took that seriously. athlete wall street, they turned that around, now they say the first one in is a rotten egg. the mavens love the knowing of buying a dip even double-digit tradeable bounces seem pretty obvious at the time. don't do it. for them it is simply a crime to be too early even if it means very late. now if you're going to get paid no matter what you know what? it doesn't matter, right? little consequences to a whole lot of these folks. some of them are even talking their own book. so you know, wing wink, right? especially the shorts, hedge funds who have been short but you as the individual investor i don't think you can afford to miss major market rallies. that is where your huge percentage gains are established off the lowest entry poi

they are not toeing the esg line it is a lot of hypocrisy that the oil companies are making money anding money and three years from now they will lose money again especially if esg is moving their way. >> what is the answer when it comes to the high prices we're seeing do you believe companies can gouge? is your view that gouging is a misnomer it means the market is what it is >> the gouging is a new york times word no a practical matter, prices are coming down. why are they coming down the market is responding demand destruction occurring across oil and gas and that reduces prices production is slowly going up. 750 rigs that is the market working the way it is supposed to work i expect the price of gas will be down to $80 a barrel before fall that is where the companies make money, but don't make a huge amount of money. that's where you get the supply you need to run a very modern economy. you can't run this economy on windmills and solar panels >> heidi, it may be a curve ball, i'll move the topic for a second we were talking earlier and i want your view before we finish out. what d

how a lot of our viewers may not know esg is.ibe what it is all about and why you think it's a problem. >> yes esg reference environmental social and governance factors, paul. with this means is the use of certain ideologies like progressive ideologies and climate change and racial justice the capitol market actors have used it to push ideologies into corporate america's boardrooms. any people wonder why disney, nike, or air b&b for that matter let's take a particular political stance, one of the reasons why is there shareholders are demanding they adopt those positions. shareholders like black rock and vanguard. what they are doing this aggravated the money of everyday citizens but then using that money to advocate for these political perspectives in corporate america boardrooms that i believe most of his citizens do not actually agree with. that is the problem, it's not right or wrong ideology. it is the use of someone else's money to advocate for political and social perspective. the owner of capitol the everyday citizen does

and the institutions that are pushing you esg are talking about china's bright future without at allre you trying to just say, look, they should be calling out china and they're not, and that's what you're upset about in orabout? or you' are upset -- there is a double standard. there are people who have they have lots of different views but feel like they can't say something aloud in china some people say that they're actually doing the right thing in terms of thinking about their shareholders and capitalism and all that i'm trying to figure which side you're really on >> i think investors should be able to see through the hypocrisy to make the decision for themselves to say there's a conflict of interest when you use shareholder client capital in the u.s. to tell chevron or exxon to drop oil production, but on the other side of the world, for companies invested in china, you saw a project that chevron dropped in the sichuan province they don't say a peep, blackrock does, even as its own shares of petro china as petro china picks up the same projects that exxon is dropping. to be cry

is the esg foot broken? marie: absolutely not.ou will see aggressive targets for net zero than the nordic with a date of 2025. there are places in the netherlands that have quick benchmarks. even in ireland and the u.k., you are not only seeing green transition strategies, but also looking at net zero as part of tabletops for doing business. we are talking about climate having a place in top-down portfolios as well. dani: looking at bank of america, michael hardin saying that they are 13% below levels on the s&p. of course, that depends on what your strategies are and what kind of client you are, but what is the importance of staying involved in the current environment versus staying in cash? marie: they are seeing over a large period of time, there was a large gold above cash. we saw that in the u.k. and with the search for yields, there is more active deployment of cash. we are watching through this at northern trust asset management, but we have a spectrum of clients that have all kinds of his and perspectives -- views and pers

esg does not belong in the american system.ok, i started talking about esg two years ago. when i published this book in january, the new york times was still saying it was conspiracy theory. just yesterday, they published a very long article about how we are conspiring to destroy the esg system. i thought it was a conspiracy? i thought none of it was happening. if i am a new york times reader, i am lost in this world. there is no way i could function in this world because i don't know anything about hunter biden than i do but i don't know anything. esg is a conspiracy theory yet it's not and now i should be fighting for it. how does anyone read the new york times anymore? how does anyone follow the media anymore? stop reading these papers, they are filled with lies, they are propaganda pieces only. [applause] june 11, nebraska became the 25th state to sever ties with the national school board association. june 21, choice and freedom of religion the supreme court rules that the education voucher program in maine cannot continue

esg is responsible investing. who's responsible for building esg into your investments?rsuit 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. sgloopts cord any guardia will join my, and we'll talk about it, i'll see all of you then you've got knocked around this week on paramunicipality threw some punches back. what do we think here? >> i understand why people are negative, right? they had a last great subscription add, but it was all on cricket but their streaming subscribers continue to go up. the theme parks are going gangbusters even the mother theaters, "doctor strange. a lot more is going right than wrong for disney i think it's undervalued. >> selfarat, you own it, too are your expect goods in high? i think that's a little downplayed, but i do like the stock. it's really cheap on a

esg, it's why, you know, missouri was the first state to sue osha for the vaccine mandate. this was an agency created to make sure forklifts beep when they back up. they were going to force a medical procedure on 80 million americans. if the left, if the democrats could weaponize the agencies, the administrationtive state -- administrative state to do things congress would never do, it's up to us to push back. we have to make sure we have re-enforcements in washington come 2023. i think that's why -- you know, i'm very excited to be in the senate to help lead that charge there as well. >> laura: well, your opponent on the democrat side in the senate race, trudie bush-valentine, has something on her website saying we have to transition from fossil fuels to renewables. sources like the solar power. in her own ranch in missouri, it's easy for her to say because she's got all of that anheuser-busch money. that's a lot of dough, i guess - >> look, i said in my acceptance speech i grew up in a working-class neighborhood, actually at grant's farm in the summer when i was in colleg

if you look at esg, that is essentially what you're doing. the last time the planet had this much debt was at the end of world war ii. countries had massive debt and we reset the entire financial system. for a long time, we have the u.s. dollar as the reserve currency. in 1971 we broke free from the gold standard. there is a side i would encourage everybody to go see. you saw massive wealth gaps grow in our country. the destruction of the middle last. and you see people that have committed to fundamentally remaking america to taking a long march through the institutions say that it's because we don't tax the rich enough and we don't have enough social safety net programs. look at what we've done since then. it has not fixed poverty. he laid out three principles that make our country more affordable. in america first national security posture. more affordable keeping the military strong and focused. in america first economic policy that multiplies our allies rather than our enemies. they are doing the same things to countries all over the worl

esg is responsible investing. whose resumes on indeed who's responsible for building esg into your investmentsance. 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. >>> it is time for the final trade. let's go around the horn and start with you, julie. >> clovis medical is a company that has final implants and robotics. i think they are on the key trend of demographics including replacing joints. it is a business for the long term. >> very cool. karen? >> yeah. thank you for being here. court goes by quick. my final trade is lyft. it retrace its nice to quarter. >> tesla is in the amount. i am losing money at it and i get ridiculed for it but the stock is going to split 3 for 1. the last time a split in august of 2020 ran up hard and sold out 30% the month later. i think the stock could sell off. again, i wouldn't be buying it. >>> fast

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. millions have made the switch from the big three to xfinity mobile. that means millions are saving hundreds a year on their wireless bill. and all of those millions are on the nation's most reliable 5g network, with the carrier rated #1 in customer satisfaction. that's a whole lot of happy campers out there. and it's never too late to join them. get unlimited data with 5g included for just $30 a line per month when you get 4 lines. switch to xfinity mobile today. as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible da

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. if you have this... and you get this... you could end up with this... unexpected out-of-pocket costs. so if you're on medicare, or soon to be, consider this. an aarp medicare supplement insurance plan from unitedhealthcare. medicare alone doesn't pay for everything. and what it doesn't pay for, like deductibles and copays, could add up to thousands of dollars. medicare supplement plans help by paying some of what medicare doesn't... and making your out-of-pocket costs a lot more predictable. call unitedhealthcare now and ask for your free decision guide. medicare supplement plans also let you see any doctor. any specialist. anywhere in t

esg is responsible investing. who's responsible for building esg into your investments?s 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. ♪ ♪ wow, we're crunching tons of polygons here! what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, like real time cgi. okay... yeah... oh. don't worry i got it! become an agent of innovation with invesco qqq >>> midday words mike santoli joins us from the nyse what is your view today halfway through. >> buying a little time. kind of hanging here at the top end. the big question coming in, these calls from goldman sachs and elsewhere that that has been nothing but a position shock rally. mechanical buying to get equity and cover shorts yes, that's part of it it's worth noting

esg is responsible investing. who's responsible for building esg into your investments?o 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. >>> all right. 4:00 eastern time, in overtime, joe is with us, kevin simpson, brendon, we mentioned leslie picker will have the crowdstrike earnings and see what happens, we'll see the stock move as well and give you top dividend plays. dan ives is with us, elon musk is fighting back even more we'll see what he thinks the end game is there and the impact not only on twitter but tesla by dan ives covers. wise, you're first. >> i'm short the xli it's a hedge and against some of the stocks they own are in there, but i think it goes lower. >> okay. written. >> probably early to buy here fcg is a natural gas etf i wholeheartedly agree with what josh said, put it on your radar. >> sarat >> edison internation

esg is responsible investing. who's responsible for building esg into your investments?t 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. in order for small businesses to thrive, they need to be smart. efficient. agile. and that's never been more important than it is right now. so for a limited time, comcast business is introducing small business savings. call now to get powerful internet for just 39 dollars a month. with no contract. and a money back guarantee. all on the largest, fastest reliable network. from the company that powers more businesses than anyone else. call and start saving today. comcast business. powering possibilities. >>> let's talk about some moves amy raskin is making right now you trimmed a few stocks, este lauder, regeneron, and is it impinj >> y

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. your record label is taking off. but so is your sound engineer. 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 ♪ ♪ the thing that's different about a vrbo vacation home. you always have the whole place to yourself. no stranger at the dinner table making things awkward. or in another room taking up space. it's just you and your people. because why would you ever share your vacation home with someone you wouldn't share your vacation with. ♪ ♪ >>> welcome back to "halftime. markets set to end the week higher again and the s&p

one is this sort of esg movement or the countermovement which is the anti-esg movement.ell some of these esg funds. states are fighting back particularly texas where the publicly foundation, esd investment strategies may violate their laws. former trump national security advisor victoria coates. victoria, this is one of those things where people are looking, even wall street is kind of like saying you know, wall street is sort of being embarrassed by the fact that part of this inflation problem is on them because of this esg movements isn't it? >> the example that you mentioned is really important, a state like texas is not going to participate in, you know, do business with companies that are hostile to the fossil fuels sector and it just doesn't make any sense for the state and i think other states like my home state of pennsylvania need to wake up to the same reality. charles: germany, the electricity cost if you price it in terms of oil, it would be $1000 a barrel. feels like america is on the same path. 20 million americans are behind their electric bills. we're fol

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. ♪ with my hectic life, you'd think retirement would be the last thing on my mind. hey mom, can i go play video games? sure! ...after homework. thankfully, voya provides comprehensive solutions, and shows me how to get the most out of my workplace benefits. what's the wi-fi password again? here... you... go. cool, thanks. no problem. voya helps me feel like i got it all under control. because i do. oh, she is good. voya. well planned. well invested. well protected. . >>> welcome back to "halftime" the rally in mega cap tech is back apple, amazon and microsoft hitting their highest level in more than three months you're making a move i

so there's been a lot of complaining about esg. b i thinkad virtually everyone realizes it's a really bad idea to let ideology control your investments, but i you have an alternative to it. what is it? so we're solving a problem through the market where blackrock, state street and vanguard, these are the three largest us asset managers managing over twenty trillion dollars. it's about the u.s. gdp and what they're doing is they're using the money of everyday citizens to damage the american energy sector. that's the sector most harmed by these esg demands. what they tell thesese companies is to drill less, to frack less, tol co produce less energ. and you know as well that hasen led to a generationaler american energy crisis. higher gas prices, less successful american energytr companies begging foreign countries to supply america's energy needs. but t the good news is we don't have to wait for politicians to solve that problem. we can solve it through the market. and that is what we're doing. what's driving last week was we listed

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. >>> legislation surrounding climate change, the tax code and health care costs may be coming soon last week senate majority leader chuck schumer and senator joe manchin announced they had struck a deal on a reconciliation bill called the inflation reduction act of 2022, which they said would invest $400 billion over a decade and reduce the deficit by $300 billion. joining us now is senator joe manchin of west virginia senator manchin, welcome to the show good to have you. >> good to be with you, sara thank you for having me. >> so you told my colleague at msnbc earlier that you had planned to speak with senator sinema this afternoon

let's create esg is responsible investing.or 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. >>> we're back, senior markets commentator mike santoli joins us now from the stock exchange with his midday word it is a test, right? that's what you're looking at today. >> i am. you know, in the test of this rally coming from the familiar directions as we know, not just from europe where there is that obviously a scare there both on inflation and growth and natural gas prices, but also prices buts what it does to your ten-year treasury yields and to the u.s. dollar i don't know that it has to be a round trip just looking -- last time the u.s. codollar index was at toda' levels, or actually sli

iron ore esg is a nasty carbon footprint. if you drove to work, you used steel. china is the biggest importer of steel. i think these are some of the best rio tinto assets. you can go to sleep and collect money and be drink your coffee >> the fact it is clearly not esg, it doesn't sound like it bothers you, cate. i'll not get into debate plenty of people doing that online there are funds that are starting that are almost like inverse esg funds not because they hate the environment, by people realize, we want to fly, drive, have a home, go to work, have roads we're going to need this stuff we don't want to think about, but it is there and not going away >> it is there and not going away rio tinto wants to reduce carbon footprint by 50% they are trying. i think it is not one or the other, but force the companies to do things as best as possible >> cate faddis, grace capital. watching software. watching canada. o, canada. cate, thanks for getting up early. have a are just getting started on tuesday morning many bars and restaurants which survived near lockdowns or l

and whether esg is real and how esg should be measured, and you have a very provocative view about all decade, what we've seen is large asset managers have mandated u.s. energy companies to produce less oil and natural gas. what that's led to is a generational energy crisis, a massive supply of demand and balance in the united states and around the world for fossil fuels. the good news is, u.s. energy companies can actually capture that opportunity but can only do that if they are liberated from these esg mandates and constraints. that's what we're bringing to the table with strive. we're listing this new drll on the new york stock exchange today. but what we are bringing the mandate to frack for more oil and gas. to be more successful over the long run without regard to social, political agendas. and if they do it, i think it's an opportunity to see a u.s. renaissance of u.s. energy am i thenergy, to trade as they have for the last 30 year, closer to parity with the u.s. tech sector, closer to parity with the s&p 500, and i think that's an opportunity to not only unleash the potential

who's responsible for building esg into your investments?rsuit 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. 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 1-800-376-4376. 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 a

the report identified esg as one of the three principal drivers of this underinvestment. that is a predictable result of the nearly $2.7 trillion in esg funds that restrict investment and conventional energy producing companies. as committee members are undoubtedly aware, our economy faces a historic energy supply challenge right now. we're in an energy energy crisis and energy costs are too high. after a decade of under investment in the oil and gas sector, particularly since covid , current domestic output sits well below, pre pandemic levels while demand continues to return and and even climb. unfortunately, much of the shortage is driven by domestic energy policy, not economics , that has frozen new federal leasing and prohibited pipeline construction, discouraging the investment necessary to explore, develop and produce the energy america needs to prosper. in fact, our energy that we purchased from overseas has gone from 0% in 2019 on a net basis to about 25% in 2022. you know, i would argue that we would rather spend that money on domestic energy production, not on

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. (vo) hi. we're visible. a different kind of wireless company... ...running on a big impressive wireless network. how are we different? we exist only on your phone. so you get unlimited data for just $30/mo, taxes and fees included. plus we have a new plan with 5g ultra wideband. switch today at visible dot com. >>> we're going to have an opening bell a minute from now we'll squeeze in a mad dash. we'll talk macy's in a minute, but you want to talk about target >> they took a big charge on inventory. i think they really cleaned up things and it was a very good quarter, not being reflected by the stock. stock can go higher. market was bad

that was $30 billion the past two years but esg pretty much means tech.tty back-and-forth for tech right now. guy: besides the scale morgan stanley is working with, what are we talking? katie: $1.4 trillion in assets under management. talking to people about what this means, we see new issuers come to market. that has been a trend. this year size of morgan stanley with their own products could mean a potential shakeup of the leaderboard, which is dominated by blackrock and vanguard right now. guy: great stuff. thank you. of course, you can get more. tune into etf iq each monday, 1 p.m. new york time. coming up, supply chains still crimped for companies around the world. we will dig into what is happening. this is bloomberg. ♪ alix: one hour into the u.s. trading set. volumes up on this summer friday. abigail: everything to do with options expiration. the worst day in three weeks for the index ease. one source of pain today, still backing up the 10 year yield 10 basis points. the vix back above 20. as for a tech barometer, a key one, finally coming into pl

we have treat -- we have $3 trillion of capital raised for esg funds.ost of it never makes its way into the mortgage market. by creating bloomberg for loan effectively working with palantir, what we are going to be able to do is help families that are in sectors favored by esg investors actively connect with those investors and effectively be able to lower their cost of homeownership. emily: what are the challenges you think you are going to face when trying to build out a home mortgage business at a time when the housing market is slumping if not crushing? -- crashing? vishal: i think the demand for houses is down but there are still millions of homes being bought and sold every year in the the united states. better.com has grown rapidly. we have grown from nothing to doing almost 100 alien any mortgages of this year. -- 100 billion in mortgages this year. all the market is down, we are still less than 1% market share and we hope we continue to -- we can continue to grow and by making housing more equitable, we can grow addressing one of the issues mos

very unkind toward our expert from wall street to main street, there's lots of talk about so-called esggton isn't sitting quietly by joining us is steve daines he introduced legislation this summer aimed at protecting investment funds great to have you on the show again. welcome back >> thank you morning. >> good morning. you say there are many studies that say investing with esg in mind doesn't pay off as well i'm wondering what studies they are and if can you just sort of lay the ground work so we can understand those who have retirement funds invested in this style are missing out >> if you think about a retiree, they're primarily interested on return on investment, growing their portfolio, and that requires a focus on fiduciary responsibility and rate of return versus appeasing the woke left in some of these esg priorities the bottom line is, as we look forward, and we're seeing this right now around world as we're seeing the energy crisis unfolding right now in europe. the energy inflation we're seeing in the united states. you go back to policies that governments put in place, tec

esg is responsible investing. 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. the investment management business of prudential. (dad) we have to tell everyone that we just switched to verizon's new welcome unlimited plan, for just $30. (daughter) i've already told everyone! (cool guy) $30...that's awesome. (mom) it's their best unlimited price ever. (woman) for $30 a line, i'm switching now. (vo) the network you want. the price you love. only from verizon. >>> small business hiring slowing for the fifth consecutive month, but it is in part due to the shortage of applicants joining us for a check on employment ahead of the job reports is marty mussey. ceo of paychex marty, this is continuing to be a supply issue are you seeing any cracks at all in demand? the reason i say that, y

esg it's whysw, missouri wasor the first state to sue osha for the vaccine. this was an agency created toe make sure forklifts beep when they back up right f. or and they were going to forceca a medical procedure on eighty . llion americans and so if the left of the democrats can weaponizes these agencies, the administer of statee to do things that the article one branch congress would never doin, it is up to us to push back and we've got to make sure we've gotnt reinforcements in washington y come twenty , twenty three . and i thinkou that's why i'm vey excited to be in the senate to help lead that charge there as well. dwell, your opponent on the democrat side in the senate race pretty bushdi valentine has something on her website. she says we need to translate transition from fossil fuels to renewable sources like the solar power and her own ranch in missouri uses. e well,as it's easy for her to sa, has all thate she anheuser-busch money. right. that's a lot of dough, i guess. the solar wind. well, look, i . i set said i said in my acceptance speech i grew

big tech suppressing on behalf of regime or corporations pushing esg reforms, shaping the market usinge the government on top of that saying we'll join that effort with these disclosures regulations which are not popular and we probably have a majority vote to, under the congressional review act to get rid of them, certainly with a new majority of republican congress. i think there is a lot of potential to stop esg in its tracks but it's going to take fortitude from congress. it will take fortitude from states to begin to say the only way we can deal with this, if we are creating with a public policy response that says these multinational corporations that are shaping this, this marketplace is not doing it on the basis of the american people's best interest. we'll step in and take away government benefits in response. neil: you know, i'm just wondering what is lost in the argument, no matter how people feel about the republican initiative to stop the democratic initiative how much it costs average folks. i don't think they connected the dots on that. have you, and what would the impact

i think the role of financial markets, esg disclosures, the fec is looking out right now. i think things like what are we going to do to regulate crypto will be a point of agreement. they both have an interest to make sure it is safer. i think that will be a place where they cooperate. >> great. just a reminder to the audience please keep your questions in the chat or #on twitter. i have one more for you and then i will turn to the audience questions. what do you think the republicans will do when they first take office and how is that different from what you would like to see them do? >> i think, you know most parties when they retake control the first ability is to make a point. the biggest difference between the parties right now and what should be out there is the role on fossil fuels or. i the first bill to be a message bill. one that is not ever expected to be enacted but a message bill on energy laws. more aggressive use of fossil fuels especially in the near term to deal with the prices that we see. that is the first one. since it's not going anywhere, you know, th

and there is a big push on esg, europe is doing a lot with american corporations, where are republicansoing to be on all that? doug: thank you for a hard question. [laughter] your diagnosis is right. the party is divided and does not have a unified philosophy that guides it. you can anticipate back and forth on that front within the party. i don't expect it to be clean in terms of philosophy. but the important thing is that the populists have a point if they believe the party is the party of big business, because you don't want to before big business, you want -- you don't want to be for big business, you want to be for the voters and for households, more prosperity and better opportunities for everybody. and if you are only paying attention to business, you are making a mistake. from a market perspective, populism is a good thing if it means let's pay attention to the consumer, let the consumer run the show, that is to we care about. when it turns into, we don't are about consumer, we want to beat up this business for the sheer joy, that is where it gets off track. we have seen places

the esg model.s a society we face climate change, environmental destruction, social and racial inequality. and that it is incumbent on companies to help solve these problems. it has some pretty big backers including larry fink rock who says that it makes good fiscal sense and moral imperative and good for investors to tackle these issues. but governor desantis is saying we want none of that in florida and he is proposing using florida's pension fund as essentially a cudgel in this fight. and he wants to use that fund and team up with other republican states to sort of use their combined voting shareholder power to push back against this esg effort. now, these new rules will be voted on next week by the state pension board and if governor desantis is reelected, we expect this to be a big part of his legislative agenda in 2023. >> really interesting. thanks, steve. >>> a florida court says a pregnant teen is into the mature enough for an abortion. >>> and chinese scientists fighting drought by making

esg is responsible investing. who's responsible for building esg into your investments?uit 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. when traders tell us how to make thinkorswim® even better, we listen. like jack. he wanted a streamlined version he could access anywhere, no download necessary. and kim. she wanted to execute a pre-set trade strategy in seconds. so we gave 'em thinkorswim® web. because platforms this innovative aren't just made for traders -they're made by them. thinkorswim® by td ameritrade >>> bulls made an effort mid-morning here, trying to shave some losses. we got fresh lows, dow is down about 300. bob pisani has more. >> we've tried to rally several times. the low print was 402 # 1 on the s&p, right at the open we've broken through that. the problem is simple,

as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. pursuit of outperformance at pgim. the investment management business of prudential. (♪ ♪) how do we demonstrate our unmovable strength? (eagle call) nope. how do we show that we'll stand tall through the storms? nah. (thunder) how do we make our clients feel secure and- ugh... not lions. (lion rumbles) we do it with our people. people who've been looking after people for over 170 years. bubbles bubbles so many bubbles! as an expedia member you earn points on your travels, and that's on top of your airline miles. so you can go and see... or taste or do absolutely nothing with all those bubbles. without ever wondering if you're getting the most out of your trip. because you are. >>> welcome back to "fast money". let's look at the earnings movers. disney is holding on to the strong gains after adding more subscribers than subs expected. to beat the top line by 7%. shares of sonos plunge. this says they faced a more significantly different macroenvironment. bumble is down 12%, lowering t

worries has kind of never come -- almost like the wrong time where a lot of these esg policies seembe reversing in a pretty drastic manner. charles: yeah. >> so the reason for the change was always energy usage which at current time looks to be maybe the wrong side of history. charles: yeah, yeah. i think that was one of those overblown concerns. the dollar, u.s. dollar, it has been soaring. dxy, against other currencies and the reason i bring that up, you have a whole lot of folks saying the dollar is essentially worthless. that is the one of the value propositions for cryptocurrency. does this change anything that the dollar has been so strong? >> i think it is important to note that the dollar currency index, dgy is measuring a basket of fiat currencies and the two strongest weights are euro and yen. dollar strength against other currencies because of energy deficits in the countries and europe the continent. it is depreciating against real goods and services. we're seeing record high inflation. while the dollar is strengthening against other currencies which is historically bad

but at this point it seems that the esg concerns have moved a little bit to the sideline with more andnment officials focused on the question of energy security. we've seen prices in europe skyrocket. nuclear in france hasn't held up near as well as some thought it would because of the water levels because of the record drought. i think in the short term everyone is just trying to think about keeping the heat and lights on this coming winter. >> pippa stevens, thank you. >>> let's get to the broader market right now we're sliding a bit as we head into the close paul hickey from bespoke investment group joins us by phone. paul, heading into a seasonally tricky period, is this the end of the summer rally in your view >> i think it's too early to call an end to the summer rally, sara, and welcome back thank god you're back. but i think we had a sharp rally, hit the 200-day moving average, ran into resistance there. today we pulled back and tested the 50-day moving average right now. so we're in the middle of this range at this point. i think that you -- just as disappointing that it was t

as we phase into the green utopia farming is coming into the cross-hairs of the esg movement.they know we have to eat? ♪. ♪. with my hectic life, you'd think retirement would be the last thing on my mind. thankfully, voya provides comprehensive solutions, and shows me how to get the most out of my workplace benefits. voya helps me feel like i got it all under control. voya. well planned. well invested. well protected. your record label is taking off. but so is your sound engineer. 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 matching youriders!escription. let your queries be known. yeah, hi. instead of letting passengers wrap their arms around us, could we put little handles on our jackets? -denied. -can you imagine? i want a new nickname. can you guys start calling me snake? no, bryan. -denied. -how about we all get quotes to see if we can save with america's number one motorcycle insurer? approved. cool! hey, if bryan's not gonna be snake, can i be snake? -all:

the esg portfolios.s one of the primary consideration of the blockchain on bitcoin as well as ethereum we use a semiconductor, a chip, you use electricity to run it, so this is an intensive process, but what that provides you for work is not necessarily the e in the same, but the s and g. the decentralization the ability for anyone to joan the network is important moving to proof of state makes ethereum the endogenous ethereum it changes how consensus or agreement on how what happens oc occurs it migrates it from people who are using electricity to run computers to people who already own ethereum and are using it to validate the state of the network. the other by kwig is with recent weak flow happening on a sanction side, there are questions whether or not u.s. exchanges will even be able to support this new proof of state mechanism. so there are some interesting nuances that emerge, but certainly esg is one motivating narrative. we'll see if that narrative plays out in the market. >> why settle for proo