towards esg investment. that is not my view but some people feel esg as gotten much attention. >> there was a young man standing over here who is very excited to have you sign his book and meet you. what is your advice to the teenager? >> do well in school, read as you can, learn how to be a good speaker. you cannot be too much, learn how to write well, get a good education, make sure you listen to your parents, but generally if you are interested in an investor -- in being an investor a good education helps. investors are people who are well read, they have added a bit of -- they have an ability to pick up information. if you dropped out of high school you are not likely to be a great investor. investing requires a good education, a field for numbers and other skills. >> when you say a feel for numbers, do you need math skills? >> good arithmetic skills, you need to have a facility for numbers and not be afraid of numbers as some people are. >> if i like a certain pair of shoes and i think that company make

, what we think of as esg investing.think we're going to see the pendulum continue to swing further? >> i think so. i mean it is hard to escape the fact that it is now entered the sort of u.s. political discourse. which tends to look like wwf wrestling from the '90s. it is not clear that -- and even in that discussion, it is not clear that anyone is really talking about what happened in banking. the congresswoman doesn't understand the market system well enough to know that if jp morgan doesn't do it, someone else possibly will that is how the market system is designed to operate. but i think jp morgan and the leaders in the financial services industry has done a disservice by not saying that. if you stop us doing it, someone else will do it and you need a systemic resolution and that will require the government and i think esg is unfortunately markar aiding as business's answer to destroying public faith and every year and sustain increases and increase as long side carbon emission and inequality the idea that esg was i

a professor at the university focuses on esg and serves as a board member of an esg group.r to point out many outperformed the likes of larger sovereign linked esg funds for example. broadly speaking, how do you assess the appetite for esg investing in the community at the moment? >> i expect a huge appetite for esg investing. the heartbreaking situation in pakistan and drought and not only the wildfires in europe but also the united states and asia. a lot of people see the climate risk is real. they see the opportunity in esg investing. haidi: where do you see the points of difference in terms of how esg investing is conducted in japan versus other major markets like the u.s. and europe? >> based on my research of 35, united states, japan and the rest of asia, there are no differences in terms of esg investing. what esg investors do is to identify financial and nonfinancial factors such as esg investing and make integrated decisions. shery: what is your outlook in the long-term and short-term or esg investing given all of the challenges that the trend has faced recently? >

liz: they don't like the esg ticket.me say at the top of the show, we had andrew forest who is an australian billionaire in the mining industry. he described himself and said if i were american, i would be a red republican. i am going emission free in the next couple of years. >> larry fink is not a zealot. these guys are intermenting what he's daying -- interpreting what he's saying in a different way. blackrock and vanguard are so big and they can force so much change at the corporate level if they take a big position. liz: proxy votes. >> right, they don't vote and get proxy firms to recommend those proxy firms are very esg forward. so it's -- if you think about it, blackrock and vanguard could be de-factor regulators here. i mean, that's why toomey is worried and some republicans are worried that there's -- if they're de facto regulators and they're regulating in a woke way, corporations on how they lend. >> would that be trying if they were pro fossil fuel companies? >> i think if -- well, what do you mean by pro fo

with regard to the esg piece of it, that's part of the problem.tinue, they beg the left again, use capital, use the highly regulated banking industry as well as the index industry to try and shape their policies in ways that they can't get done by the way through the legislative process and it's very unfair. it's in my view i think a lot of it is in fact illegal. this is why i introduced the fair access to banking act, this is why i joined senator sullivan's index act to make sure there's a loud noise in the right here of the bank presidents and ceos and their boards who are responding to the loud noise in their left ear to activist investors and even staff members, so we need to rebalance all of this. i think quite honestly that the banks themselves would just as soon get in the business of banking. they have enough problems with the s.e.c. and the fdic and the federal reserve and the comptroller of the currency, they have enough problems there without having to deal with highly charged political fights. maria: maria: yeah. and jamie dimon respon

you look at the movement for esg and all esg is is the attempt to use corporate and economic power toose an ideological agenda on society and so we have instructed our state pension system to not do any esg. they should be using their pension system to get the best results for the shareholders. >> laura: that's a fantastic move by ron desantis and also big kudos to the republicans who pressed those banking execs today. and yesterday. the my friends, tough questions aren't enough. we need new rules and new laws that would give american businesses incentives to keep the operations at home and in many cases we have to simply prohibit them from working with president xi. we can have a system in which the business community is rewarded for helping our major geopolitical adversary. at the same time, it berates americans here at home. you can't do it. joe biden, you heard him say he wants people to bet on america again. but those are just words. as we saw from the hearings, the bankers, they are putting their money elsewhere. it's going to be up to the next republican in congress and the nex

maria: what pout esg, what -- what about esg, what do you think comes out of that. >> esg, again, myl political issues and please do not use the excuse that you have employees, directors, investors that care about a certain political issue because if you look hard enough, you'll have employees, directors and investors on the other side of the issue so stay out of it and be the best bank, be the best corporation you can in serving your community and i think brian moynihan nailed it in his interview with you on august 2nd when he talked about his pipeline for fossil fuel industries and those who depend on fossil fuels is huge and so is his pipeline for green energy companies. so that's the way to the do it. but stay out of individual political issues because elections have consequences. maria: you wrote a great op-ed on foxbusiness.com. james, you've written about this. they're not staying out of this issue, right? big investors like larry fringek bullying companies they better get on the esg bandwagon. >> i'm predicting fossil fuel loans get back with more regularity than the ought a

well, something called esg is a big part of the reason. question is, is there any way to fight back against it? no one has thought of a good way to fight back until our guest came up with an idea. he joins us next to explain what it is [acoustic soul music throughout] [acoustic soul music throughout] [acoustic soul music throughout] [acoustic soul music throughout] >> tucker: here's a fact they never told you. who's the most popular president in american history, as measured by votes? it was richard nixon. he won his 1972 re-election campaign in a historic landslide, carrying 49 states. biggest margin ever. then within a year he was disgraced, then gone, because of watergate, which no one can explain even to this day, it was clearly driven by government agencies, including the fbi. we decided to talk with martha crowley for a brand-new episode of "tucker carlson today." it was a fascinating conversation. watch this. >> i read this book in two or three days. i only had one thought. sit down and write this author a letter about how this book

shery: jonathan with the latest on china esg investing.or kevin loo remains cautiously optimistic in the macro environment for crypto. this is bloomberg. ♪ paul: let's take a quick look at trading on the asia pacific. evidence of selling at the moment, we got the nikkei weaker by more than 1%, same story for the major indexes at the moment. here in australia, weaker as well as up to the tune of 1%. the sei asia-pacific index, the lowest since may 2020. quite a broad based selloffs from the asia pacific right now. shery: forcing is off of cryptocurrencies as well, after the outperformance in the broader crypto calls. a theory attempts of the spotlight in the crypto space ahead of the highly anticipated merge. when the blockchain transitions. the enthusiasm leading to the outperformance. at this location has been shrinking lately as investors turn more optimistic. digital asset investor kevin loo sees a challenging macro environment for crypto over the coming months, but remains cautiously optimistic. good to have you with us. let me start w

is there real esg?he didn't say yes. >> look, i would like to save the world, okay? i believe that we do have problems however, these companies that i've seen are not the ones who are going to save us many of these are money grabs dressed up in -- >> no! >> -- green and so when i look at the companies we've shorted, xl fleet, sun run and armstrong, these are all companies that are grifting in their own way and when you get into the solar space like sun run, i mean, they're grifting the u.s. government by inflating the basis for their tax subsidies. so they're screwing the u.s. government, they're screwing investors by basically creating this illusion of a lot of value at the end of the rainbow. as rates have done this, i think sun run is discounting these 25-yearlong assets by, what, 5%. it's completely disingenuous there's so much fraud -- fraught in this space that needs to unwind they say you're wrong and you don't -- they always say you don't understand our business. this goes back to these chinese

this focus on him were true signaling esg.ing to put people on the board of directors just for diversity purposes rather than for qualification purposes. i was a chairman-ceo. would any of the passengers wanted us to select pilots not based upon the cockpit qualifications but their sexual orientation or gender or race or religion? the course not. yet that's what we are applying to america. what's worse is there are no standards. i wrote a letter to larry think two years ago saying this is absurd. you are marketing a product for your business by pretending you're doing something good. if you look at the initiatives that president biden talked about today, supposed to be in inflation reduction act. talked about 300 billion going to electric car charters. think about it. there is no plan to deal with if the existential threat of our country and our world's co2, there's not a single plan but they're going to spend $300 billion building charging stations and government hasn't decided on a single charging method. tesla has a differe

but money is not the only thing that matters so we implement and employ certain esg screens that haveroven to be effective. >> we're going to have a lot more on this whole esg pushback on etf edge at 1:00 p.m. eastern time we're going to have the ted of research we're going to discuss the industry's response to this recent broadside scott, back to you >> thank you very much >>> now i have to go to steve liesman in dc. he has breaking news headlines what do we have? >> scott, in line with some of the hawkish commentary that's been out this morning, brainard saying that policy should be restricted for some time here's a quote from her speech that he's giving at this moment. quote, we're in this for as long as it takes to get inflation down so no looking over her shoulder there for lael brainard. she says it's going to take several months of confidence that they're going to move back down towards the 2% target the fed must defend what she calls the inflation expectations anchor one, perhaps, dovish comment that i couldn't go too far, she said there's some concern about the risks of overt

that's what esg is. esg is simply a corporate policy that hurts the shareholder and the customer. want you to know that beer they want you to remain confused. >> then you get a score. see your company gets a score. they'll put that on their linkedin, right? so for younger employees that want to come work of the company is also our esg scores and 98. >> it's a virtue signal. i'm sure fox isn't doing this right, jesse? >> jesse: i hope not. >> greg: if they are i change my mind this is the greatest thing periods be still my speaker you saying we have to give so much to charity that it hurts? i never heard that before. ahead the ladies of the view out lobbing an ethnic attack at nikki haley. ♪ ♪ for almost everyone. such tree-mendous views. i'm at a moss for words. when a cough tries to steal dad's punchlines, he takes robitussin naturals powered by 100% drug-free ingredients. are you gonna leaf me hanging? soothe your cough naturally. mass general brigham -- when you need some of the brightest minds in medicine. this is a leading healthcare system with five nationally ranked hospita

charles: they want the esg stuff but it becomes a problem with their clout, and force esg on other companiesecome a government regulator. neil: thank you. being well educated, the best business reporter, not being well educated, you can guess. we are not guessing. we have a selloff down 645 points, in and out of bear market territory, first time we've been around these levels for two years, the covid thing was out of control, right now so is the selloff. ♪ blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'm okay. i have moderate to severe ulcerative colitis. so i'm taking zeposia, a once-daily pill. because i won't let uc stop me from being me. zeposia can help people with uc achieve and maintain remission. and it's the first and only s1p receptor modulator approved for uc. ♪ don't take zeposia if you've had a heart attack, chest pain, stroke or mini-s

who's responsible for building esg into your investments?e. 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. how will your business adapt to change? you could hire an office full of peyton mannings. what's up, peyton? good morning, peyton. hold for peyton. they'd huddle.... welcome to the peytonverse. such a visionary. game plan... you go. no, you go! and call audibles... double our investment in omaha! omaha! omaha! omaha! or you could use workday. omaha. the finance, hr and planning system used by over half of the fortune 500. for a be-agile-like-an-mvp world. workday. for a changing world. >>> u.s. mortgage interest rates topping 6% for the first time since 2008 diana on lick has the latest >> this was the first weekly average we've seen over 6% since november 2008, which of course

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. ♪♪ age before beauty? why not both? visibly diminish wrinkled skin in just two days. new crepe corrector lotion only from gold bond. champion your skin. when hurting feet make you want to stop, it's dr. scholl's time. our custom fit orthotics use foot mapping technology to give you personalized support, for all-day pain relief. find your relief in store or online. >>> shares of starbucks flat ahead of tomorrow's investor day, but with a new ceo, investors are betting that things are about to perk up. >> oh, c'mon >>> mike >> three times the day her call volume, most of it was in the october calls. over 21 thousands. >>> but i will make this point starbu

not just that the esg movement gets dictates wrong.cide what the global right answers are and global wrong answers are. an example esg is one of the biggest opponents of nuclear energy, fossil fuels, are the battle you want to fight on war on carbon would be in favor of nuclear energy. that is yet another mystery to list. charles: this brings me to your new book, nation of victims. i didn't read it. i got a chance to go through it. identity politics, death of marriage, path to excellence. you take on both sides. listen conservative victims, other victims, are there any true victims in this country? >> part of the case we make in the book there are true victims all around. people encounter hardships create created by other people. i lay out in conservative victim, there is strong rationale for why conservatives could experience grievance. everyone feels like they have a justified grievance. at the end of the day our path back to excellence, that the is case i make in the book. we need to revive a shared national identity around the purs

and what's worse aboutlying is e esg stand. there are no standards so rightr .i wrote a letter to larry fink two years ago just sayingsd ,this is absurd. you're trying your marketing product for your business by pretending that you're doing something good. you know, if you look at the initiatives that president biden talked about today was supposed to be an bidn inflatio t bn reduction act, but all he talked about wastalked ao three hundred billion going tou. electric car chargers and things of that nature. but think about there's no plan to deal with if, in fact, the existential threat of our country and our world is co2. there's not a single plan, buteo they're going to spend three hundred billion dollars building charging stations and the u.s.$300 billi governmeg even decided on a single charging method. tesla has a different one than general motors has. oh, now it's insane. and david, i want to play this exchange. this is between rashida tlaib,rd squad member and jamie dimon, co who's the ceo of jp morgan on capitol hill.f today. >> watch. please answer with

board room on squawk box last week our next guest, however, says there's been a misconception that esgad to underperformance or a breach of fiduciary duty joining us is the ford foundation's head of mission investments roy swan alongside our own leslie picker. nice to have you here. >> he's been getting a lot of press in part for taking this opposite opinion approach saying, hey, esg is not what you think it is. it's about marketing and causing bad things to happen what's the response to people who listen to and believe it >> well, esg has been conflated with a lot of other concepts so esg is really a risk management framework sometimes it's conflated with impact investing that's what i do at the ford foundation what we found is that impact investing targeted properly can deliver great financial returns and great social impact. >> what does that mean >> in essence, the ford foundation, we battle inequality when you think about inequality, what that really means is a big mac crow concept of supply and demand for us, in our multifamily affordable rental housing area, there's a huge amoun

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. >>> well, the debate has been picking up lately including on this program about the future of the 60/40 portfolio. i asked ken griffin about that yesterday at the cnbc delivering alpha conference here's what he told me >> looks much better today than really any point in recent times. >> why so? >> we've got ten-year bonds at 4% when they're at 75 basis points or 1%, there's no real up side to the bond in a moment of a recession which is often characterized with inflation now with the ten-year bond at 5%, you go into a downturn and inflation heads back towards a one handle, all of a sudden those bonds are worth a fair amount more than

who's responsible for building esg into your investments?rmance. 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. power e*trade's easy-to-use tools like dynamic charting and risk-reward analysis help make trading feel effortless and its customizable scans with social sentiment help you find and unlock opportunities in the market with powerful, easy-to-use tools power e*trade makes complex trading easier react to fast-moving markets with dynamic charting and a futures ladder that lets you place, flatten, or reverse orders so you won't miss an opportunity ♪ ♪ that lets you♪ ♪ace, flatten, or reverse orders all-electric with room for up to seven. it's the suv electric has been waiting for. the all-new eqb from mercedes-benz. ♪ ♪ >>> all right. we've got overtime a few hours from now we'l

they brought over the great reset, and esg.ently they brought this over to the united states, and to an organization, the international standardization organization, the iso. it's a un organization and voluntary. so what they did, when visa pushed back and said, no, we're not doing any of these things, in fact i want to quote, we do not believe companies should serve as moral arbiters, asking private companies to decide what legal products or services they cannot buy sets a dangerous precedent. okay, that's pretty clear. a week later, however, they do it. why? because amalgamated bank gets iso to change the standards. and visa comes out and says we have to follow those standards. again, america is sitting on the iso, and we're doing what the international community is telling us what to do? no. our people are telling the iso change the standard so visa will then say, oh, we have to. all banks, all credit cards, are doing it. if anyone thinks this is about gun registry or helping people decide why does visa go on to say it has b

i don't think they are as focused on esg as some cases. so this pushback against some blackrock was getting this pressure from a number of states and mayors are saying wait a minute this woke investment strategy where you wanted to de-emphasize fossil fuels that's going too far. >> that's what some people said and there has been pushback. neil: do you agree with that? >> in some cases some things may have gone too far but esg is a good thing. we should worry about social impact of investing but that shouldn't be the only thing you worry about. neil: when you lack at these guys and their success, they didn't go into this with those type of goals in mind. >> probably not except for one person, david flood. he did and he basically built an organization with al gore that was assigned to focus only on esg. neil: all right, so do you -- >> i'm not that great investor compared to those people. neil: but you are a multi billionaire so you've done something right. now you've given back a lot to society that's an understatement. do you think and do

remember that the esg ecosystem, that market is estimated to be worth an approximately $4 trillion, and is expected to surge to about $15 trillion, so there is a lot of opportunities that this ethereum merge is successfully deployed. shery: how much pressure will this put on proof-of-work, notably bitcoin, for them to switch as well? teong: teong: the jury is still out. this has been an age-old debate where proof-of-stake and proof-of-work, which it better. i am not a bit quite maximalist nor am i an ethereum maximalist. i think in one or two years, if ethereum loses to be more secure and diversified and decentralized enough, i think they will put a lot of pressure on bitcoin. however, i think bitcoin being the first crypto, i think it will still have a role to play, regardless of how successful ethereum becomes after this merge. shery: long-term, post-merge, how does this help the economics of the crypto world? teong: i think if this merge is successful, ethereum co. continue to trade higher vis-a-vis bitcoin. the thing is ethereum has smart contracts, it has a utility function, wherea

i tried to ask him today if it is complying with esg, would be bad for business. >> no, you cannot.ng to answer those questions. >> i have a follow-up on esg. >> we tried to get more clarity on what is to come for esg and whether some of america's biggest banks can afford to comply with ever changing and evolving environmental and social standards. neil: at least jamie diamond very politely ignored you. that is a testament to you. the price of a dozen eggs has gone up 80% in the past year. now in the grocery store customers are scrambling to get around that. that is exactly what i worried about. ♪ 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 ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ neil: inflation is running at an 8% rate but when it comes to eggs, try ten times that rate and it is pretty widespread. madison? >> reporter: eggs have been seeing a huge run up in price. the tiny food product behind me is a staple for breakfast, bacon, a huge source of protein for americans acro

well, something called esg is ah big part of the reason.e question is any, is there any wy to fight back against it? well, no one really thougha gotw a good way to fight back until pavic ramaswamy came up with an idea. he joins us next to explain what it is . >> i'm steve johnson. founder of deal with rising interest rates and inflation. there's a lot of uncertainty in today's real estate market now more than ever, selecting the right real estate agent can be the difference in tens of thousands of dollars in your pocket. >> we were able to get one of the top agents in our area. he was very professional and his expertise just helped us immensely. >> and through that process, we were able to save twenty three thousand dollars. >> there's no obligation or upfront costs. call today or visit ideal . >> agent .com is one of the games of the year. we three might be the last time we ever see him rise again. contrary to the best quarterbacks ever to play the game. going head to head. i think there's a lot at stake for aaron rodgers in this game. he knows every single time he goes against tom brad

towards esg investment.that is not my view but some people feel esg as gotten much attention. >> there was a young man standing over here who is very excited to have you sign his book and meet you. what is your advice to the teenager? >> do well in school, read as you can, learn how to be a good speaker. you cannot be too much, learn how to write well, get a good education, make sure you listen to your parents, but generally if you are interested in an investor -- in being an investor a good education helps. investors are people who are well read, they have added a bit of -- they have an ability to pick up information. if you dropped out of high school you are not likely to be a great investor. investing requires a good education, a field for numbers and other skills. >> when you say a feel for numbers, do you need math skills? >> good arithmetic skills, you need to have a facility for numbers and not be afraid of numbers as some people are. >> if i like a certain pair of shoes and i think that company makes

well, woke financial institutions are using esg to defund, to debank the oil and gas industry. they're using this, these esg scores to do an in and around our second amendment, basically creating a gun registry. we should all with worried when senator elizabeth warren is taking a victory lap and praising an action, and then she basically cites these credit card companies can work hand in hand with the government to track our gun purchases. that's why i led this letter with 12 senators as well as 23 state attorney generals including my state attorney general, derek schmidt, very proud for his efforts on this, warning them that if they do in this, heir going to be sued, and we're going to do everything we can to fight back. maria: unbelievable. you've only got less than 50 days until the midterm elections. how are you feeling about this race right now with all of the moves that you've been making for the american people? >> yeah, certainly, maria. we're seeing the polls move in the right direction. i'm sure you saw the polls in nevada yesterday. two polls said the republican cand

generally esg is a good thing. shouldn't be the only thing you worry about.esting for private investors and you're good enough to be in that book, you made a lot of money. very few people are obsessed with spending their money to make great art selections and build great houses. they care about society and most of them are great philanthropists. >> neil: but they like beating the other guy. >> when you go to any game, you want to win. they want to win in investing. it's not unusual. when they win, they make a lot of money. when they do, they tend to give it back. they're the greatest philanthropists that we have. >> neil: elizabeth warren doesn't see them the same way. >> that's true. >> neil: do you? >> i would side with the investor. >> neil: when she goes after guys like that and by extension the most successful people on the planet, jeff bezos, we could go on and on, that elon musk goes back at her and says what have you done? what do you say? >> well, i don't want to attack elizabeth warren. she's a harvard law school professor. when she says these thing

also the esg bond would be issued quite soon.vironment and sustainable or city of tokyo be more sustainable. we are preparing for an ordinance in tokyo to make obligations to the house makers to put a solar panel on the roof. shery: speaking with bloomberg's reporters. she wants to see the reopening of borders in japan very soon. we have heard new reports of an easing on restrictions from foreign arrivals. our next guest runs vistajet, the largest operator of business jets with more than 85 airplanes. the founder and chairman, thomas joins us from one of his planes. it was great to have you with us. talk about the growth of margins you are seeing in japan and why is that when restrictions are still in place for foreign arrivals? >> japan is a very important market. we are at the hundred 50 aircraft, not 85. -- 300 aircraft, not 85. japan is at the center with china being more close than japan but we see things opening up. shery: what is the difference between tourism flights and the business flights you have seen so far? have the

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

will: esg is incredibly corrosive. pete: and powerful.ill: powerful, environmental social governance initiative inside of finance, every aspect of american society truly isn't being highlighted quite enough. rachel: wokefying everything through the financial and corporate side. will: their point, alternative, gavin newsom goes on in the clip to address it, to understand, he calls it the narrative. it is actual issues. rachel: right. will: actually issues, the democrats response to hammer a divisive narrative to vilify your opponent, meaning as you said, pete, it is about election denial or whatever it may be, threat to democracy. rachel: white supremacy. will: that is their answer to in his estimation being pushed up against the wall on issues where they fail the american people. pete: make no mistake. the only reason beto o'rourke is saying that. he is on the gal lot in november. the midterms are coming. open borders are unpopular inside of texas. he needs independents to win that election this is campaign talk. campaign talk in the last

. >> we have been talking a bit about the broad underperformance of the esg fund.a of culture wars, if that esg label has become something that is harmful. do we need to get away from esg towards mainstream investment and at the end of the day you want productive investments for your capital? >> i think that is a great point, what you need to stop focusing on is putting esg but -- investments into one bucket. you think about whether the best companies -- what are the best companies in the future? you roll forward 10 or 20 years, they will access the market, they will be companies regulators give a social license to. those companies will be sustainable, if you want to make an investment publicly or privately in a business you think we'll have a good terminal value i think those companies will be sustainable companies. what that means is you are right, every investment needs that think about both the financial returns, but also how that business or how that particular -- can be more sustainable. there will be no dichotomy in the future. >> great to have you here in s

>> this is weaponizing voting rights in the name of the radical environmental, social governance or esga, fighting off equity audits. >> progressives continue their line of questioning pushing for climate change and socialism after this exchange between rashida tlaib and jp morgan ceo jamie diamond. >> absolutely not and that would be the road to hell for america. >> yeah, that issin fine. sir, everything that got relief from student loans has a bank account with your bank, should take out their account and close their account. >> marianne: kevin mccarthy is showcasing commitment to america, including dozens of policy recommendations that include energy independence, border security and parental rights in the classroom to name a few, here is congresswoman nancy mace. >> looking at how to get out of inflation, jobs in the economy, looking at keeping america safe, we've seen over two years violent crime increasing and protecting freedom and government accountability. >> marianne: house minority leader will unveil the plan today in pittsburgh and detail how it might impact the upcoming ele

morgan removed russia from the esg fund suite? >> probably. >> can you get back to us with a definitive answer on that, mr. dimon. >> happy to do it. >> the-- we clearly have sanctions on russia and belarus. there's a loophole in sanctions that we don't have in iran or north korea sanctions and that is that the u.s., the subsidiaries of u.s. corporations are not legally bound. my hope is that the institutions here wouldn't be exploiting that loophole. this house of representatives in may passed my bill, the russia and dell arusse financial sanctions act which would block that loophole, unfortunately, the senate remains somewhat dysfunctional. so the question is are you going to exploit that loophole? but i'll be more specific. mr. dimon, has jp morgan cut its ties with gazprom and vitol. >> i wouldn't call it loopholes the secretary of treasure-- >> i didn't ask you to respond to my editorialization, just the specific question, have you cut the ties to gazprom and vitol. >> we're following the instructions of the u.s. government--

weaponizing unsuspecting voting rights in the name of the radical environment am, social governance or esgof oil and gas companies. >> carley: cheryl casone has more, woke capitalism sounds like an oxymoron. >> cheryl: it does, it has nothing to do with the clothing they sell or the gasoline they make and we've seen that with bank ceos on capitol hill getting pushed to topics they don't want to talk about, esg is interesting, environmental and social programs. there are a lot of woke investors out there, folks on wall street want to see climate on the agenda and this is what kevin mccarthy will talk about later today, get back to making sure inflation comes down, making sure we have gasoline in our tanks, making sure we have food on the shelves and this is commitment to america plan, fighting inflation, make america energy independent like we used to be, things like that, free speech, protect the unborn, what they are doing is laying out mccarthy's agenda, like newt gingrich did. >> carley: like a cue card of things republicans said they want and they boiled it down and this will be the re

there are schools we are hearing rumors about that will be announcing specializations in esg.might have that in the story next week. climate change, columbia business school we are doing a story that will roll out next week. columbia business school has a new campus, a new building being constructed at the same time that a new climate school is. they are really developing a curriculum extremely tied to the climate school, the engineering school. because these are going to be integral for leaders of the future. taylor: we have about a minute. we talked about loan forgiveness. are any of those transferring from undergraduates to business schools and making it affordable? dimitra: for some of them they are. but you are seeing high prices for these programs. these kids, some are older, summer outworking, when students come out of these are often moving into jobs that are well-paying jobs. that is why you are seeing the demand for the consulting jobs and finance jobs and so on. there's a little more of an ability to deal with that. also a shorter program. you are in school anywhere

we saw news of an anti-esg investor going after's chevron -- after chevron.like the conversation in europe is becoming energy security versus going green and not being able to have both. i am curious to see what investors are doing with that? thomas: you know, there are two minds on this topic around the world, and that includes our customers. some customers fervently believe in having to go green and others believe that this is not so urgent. so we are trying to cater to the people who wants to -- we are trying to do both sides, we just want to create whatever investment that we want to use. and so the ability to buy carbon on our platform is sought after by many people. and we are hoping that they will be happy doing it on our platform. guy: a final quick question from me. how is business? thomas: sorry? guy: how is business? is it busy out there right now coming out of the summer? thomas: for internet brokers, this is a very good time because you know when the rates are rising people because consciousness of what they are paying for margin loans and they a

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. 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. >>> we're counting you down to the opening bell, coming off the main news of the morning, the unemployment report. a number of different earnings we're watching we've gone through lululemon we'll get to broadcomm as well, an important earnings report there. let's wait until we get the bell itself but, you know, carl, we're digesting another em

tell me more about that and a give us the risks to esg. >> yeah.her prices that we're all paying that you just mentioned, now the taxes that they want to take from us, we have this woke capitalism. we have these investment managers who are in charge of trillions of dollars of our hard-earned savings, our hard-earned money and they want to gamble that away on an expensive experiment in their leftist i ideologies when they should be focused on the sole fiduciary duty which is to maximize financial return. that's their job. that's the state law in indiana when it comes to public investments and it's great for any manager -- it's great advice for any money manager, even if it's a private investment. maria: well, i mean, look, ag, this is coming from a whole of government approach. we've got everybody from the securities and exchange commission on down in this administration who is telling investment managers that they have to explain their esg risks and their risks to climate change. it's costing more money for these managers and it is certainly attemp

american energy firms and steer retail investors to higher fees, less diversified and lower return esg investments. i commend you for recognizing your letter that quotes national security demands energy security for ourselves and allies overseas. and rejecting the demands of these climate alarmists that have called on you to immediately cut off financing for fossil energy firms. my specific question relates to coal. since it still accounts for 22% of all electricity generation in the united states and you write in your letter the using gas to diminish coal consumption is an actionable way to reduce co2 emissions expeditiously. do you believe that a coal company with a strong balance sheet, little or no debt and a demonstrable track record of credit worthiness should have equal access to conventional bank financing the natural gas company with similar characteristics? >> yes. >> will your institution commit to the continued financing of american coal producers who are still needed and will be for some time to supply the most affordable and reliable source based on power to the american

as jp morgan removed russia from its esg sweet?ably. >> can you get back to us with a definitive answer on that? >> i'm going to do it. >> we clearly have sanctions on russia and belarus, there's a loophole in those sanctions that we don't have an iran or north korea sanctions. that is that the subsidiaries of u.s. corporations are not legally bound. i hope is that the institutions here wouldn't be exploiting that loophole. this house of representatives and may passed my bill, the russian and belarusian financial sanctions act. which would block that loophole. unfortunately, the senate remained somewhat phil dysfunctional. the question is, are you going to exploit that loophole? but i'll be more specific. mr. dimon, has jpmorgan cut its ties with gazprom and vital? >> first of all, i wouldn't call them loopholes. the american government, secretary of treasury -- >> i did ask you to respond to my editorialize asian. just a specific question, have you cut the ties to gas bomb and vital? >> we are following the instructions of the ame

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. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. [ "back to life" by soul ii soul ] what if you could change ma your surroundingsria. with the touch of a finger? now you can. biometric id... inside the innovative, new c-class. exceeding expectations for the month of august. diana olick has the numbers. >> it was a nice surprise to the upside on starts the bulk of the gain was in multi-family single family was up just over 3% from july to a