now, esg is just an acronym.publicans have done, frankly, a great job of vilifying that term and that's why companies are moving away from, perhaps, highlighting that term even though they are continuing with the sustainability efforts. >> can i go through this i don't want to sound like i'm a wishy-washy green loving lefty what bit of it do they not like? do they not like environmental responsibilities of corporates or social or government? as far as i'm concerned, i don't want to work for a company that does consider all three? what is it about a company that doesn't want that? i'm struggling, karl, what bit don't you like >> i appreciate your passion for sure i may fully agree with you the real issue is politics and timing around sustainability efforts to the energy transition politics often times results in certain interest gruoups having large stay if you look at the fossil fuel industry and going to pol polit politicians, they have a huge impact on the legislative debate most americans don't know what esg i

and for many companies , following esg companies, following esg guidance diminishes returns.s ? i have two highly of troubles? i have two highly informed panellists, matthew lynn is a financial columnist at the daily telegraph, and simon perram is head of investor outreach at carbon tracker. welcome both to gb news. so simon, what do you make of that assessment? is that esg facing a mountain of troubles ? i think mountain of troubles? i think the reality is , is that esg is the reality is, is that esg is investing the point is the investing the point is the investing bit . investing bit. >> and that when you look at esg, you've got the physical assets or the physical, the person, etcetera, and then you've got the financial proxy that represents it. and in many respects , the two are connected. respects, the two are connected. but in many respects the two are not connected. the financial proxy has its own set of priorities and its own set of drivers. so it's very important that we don't mix, mix, mix the two, the and with every proxy it goes up and down with time, you can pick

esg, he actually lobbied gary gensler sources telling fox business network on this esg proposal you'regensler wants -- liz: force companies. >> force companies to disclose the corporate footprint, not only that, but disclose the corporate footprint of suppliers,. liz: carbon. >> carbon. not just them their suppliers something down the food chain of their corporate ecosystem. it is really costly. he told him to stop. it is very interesting he told him to stop. looks like he is stopping. what we're hearing from sources inside of the sec basically that proposal has been put on hold for now. they're going to reevaluate everything. gary gensler hinted that in his recent senate testimony. basically said listen we had a lot of comment letters. they had thousands upon thousands they need to reevaluate them. we'll extend the comment period. they're clearly backing off a bit of esg. where it goes i can't tell you. fink had a role in this. if you attack larry fink being a zealot on esg he is not the zealot you think he is based on some of these actions. there are two issues here, liz. broader dis

do you think that esg movement is now over? darren: i hope not.om our standpoint, this is not an either-or proposition, this is an and equation. you have got to develop resources and energy supplies to support economic growth and standards of living and you have got to do things to reduce the emissions. we are working on both of those things. i don't see those competing against one another. to my point before, we are working on a set of solutions that are complementary and leveraged the same skills and capacity. we have always leaned into the need to produce low cost and low-emissions energy sources. we have continued to invest in that space and continuing to work opportunities to grow value in that space. at the same time we are leaning into the energy transition and using those capabilities to not only reduce emissions in our own operations but helping third parties, particularly the cover nice industries, lower their emissions. we have world skill contracts with fertilizer manufacture and industrial gas manufacturer and steel manufacturer to ca

we didn't just complain about it in order, we need to esg in florida, we banned the esg from our pensiond, i took to billion dollars away from black rock who had vanished $200 billion in our pension fund, that's gone, we are lemonade the use of social credit scores in financing and told the credit rating agency you can't use esg criteria in rating are municipal bonds and esg is now on the defense because of what florida is doing. that's what you call action, that's what you call getting results. they are now talking in dc about imposing the central bank digital currency. we are on offense about that, central bank digital currency, they want to illuminate cash, laminate crypto currency and make the central bank digital dollar the sole way you can participate in the economy. why would they want to do that? are they just trying to make your life a little easier? no. they want to control, impose a social credit score of social credit system, you've got guys in places like the world economic forum that are bragging about how it would allow them to target disfavored purchases because they don'

esg is now on the defense because of what florida is doing.t's what you call action, getting results. by the way, they are talking in d.c. with the federal reserve imposing central bank digital currency. we are on offense on that, too. central bank digital currency, they want to eliminate cash, in the currency and make central bank digital dollars the sole way you can participate in the economy. why would they want to do that? they just trying to make your life easier? no, they want to control and impose social credit score, a credit system on that. you got the world economic forum writing about how it would allow them to target these purchases. they don't want you purchasing firearms or gasoline, they want to have the means to shut you up. there are things government will do and they will dress up in ways like a wolf in sheep's clothing. central bank digital currency is not that, it showing up as a low coming up to your freedom. the state of florida the feds are thinking about doing this so we passed legislation banning the use of digital ban

that were deemed to best, we didn't have this theme in mind that esg is the space for grifters.king back at companies we shorted and others have shorted, esg has attracted some of the most aggressive managements and companies in the space. i think that's because when you have an economy, these industries that are driven by subsidies, it's not actually the companies that do things the best or create the most value that win. if the companies that are best able to back the subsidies. i feel like there is probably a graveyard of former competitors to sunrun and other esg names that went under because they weren't willing to be as aggressive in getting subsidies as these companies are. erik: how much of this is a stimulus bubble? too much capital chasing too few ideas and how much is it companies doing bad things? they are either preying on investor ignorance or gaining on the stent door -- or gaming the stimulus programs. >> if we are talking stimulus in terms of the ira, we have to look at monetary stimulus. my observation is when you have lower interest rates, you have erik: i was

esg things and so on. >> aren't dedicated. esg things and so on. >> they aren't dedicated.aren't dedicated. esg things and so on. >> they got in aren't dedicated. esg things and so on. >> they got in arlot: dedicated. esg things and so on. >> they got in arlot ofedicated. esg things and so on. >> they got in arlot of trouble. >> they got in a lot of trouble pnor >> they got in a lot of trouble prior to this and then they started panicking. and here's a brilliant statement sexiness can celebrate the diverse experiences of our customers , experiences of our customers, and that's what we're focussed on. that mean ? on. what does that mean? >> that losing money. >> guys, bring back the hot chicks. >> that means thinks of panic. try something else. they're having spokesmodels now. what's a spokesmodel ? well, it's just a a spokesmodel? well, it's just a really bad idea, isn't it? a spokesmodel? yes fantastic. >> i mean, it's quite strange . >> i mean, it's quite strange. it's a bit of confusion in the modern culture. it says executives now plan to prioritise over prioritise sex

they asked him about esg. you guys are getting a lot of you know what pushback on esg.capitalism inspired, there are a lot of tree hugging investors out there in blue state pension funds, and individuals. that kind of made sense to me. the second thing was he said we talked about it too much. cheryl: put their rep tanks? >> that is where he took a little dig at larry, larry was evan gellizing about this stuff. that was interesting, i love larry, i love the fact that he talks. he is at least on the record, he is honest, he is a good guy and puts his money where his mouth is. he believes there is an economy in green. almost like a tech revolution when we go there if we go there, how we go there. there is a need for it. he always said there needs to be a transition because you will get inflation. i like him going out there but, based on what weidman said you will here a lot less talk about esg. cheryl: i'm fine with that. charlie gasparino. thank you so much. i'm good. great stuff. closing bell is going to ring. we have got three minutes to go. markets are flat. if we can

petersburg was the first in the country to present a regional esg report.ce added another component - numbers. the city has built a relationship between sustainable development and digital transformation strategy. the latter was approved by the governor of st. petersburg in 2021, alexander beglov. the adopted document is an important step towards improving the quality of healthcare, education and life in general. one of the priorities is the environmental safety of the city. we have 4,000 buses, 3,000 of which already run on gas engine fuel. that's what did this give us? firstly, over the past year , emissions into the atmosphere from gas pollution have decreased by 16. we have 900 boiler houses in st. petersburg, we transferred almost all of them this year, we still have 22 boiler houses and we will have them by the end of the year too let's switch to clean fuel. st. petersburg has become the second region in russia to start using electric buses in its public transport system. the city ranks first in terms of the number of doctors per capita. there are alm

and so they've taken in all these esg regulations, they've embedded it into their own regulations toent statement cannot change it . you statement cannot change it. you see it with the environmental stuff. you also see it with, frankly , the diversity quotas. frankly, the diversity quotas. you see it with with retainment policies which have become a form of employment . getting work form of employment. getting work workplace. and they become so distracted by this, but they're no longer driven some companies by profit, but esg therefore is a failure in fiduciary duty, isn't it? >> because the job of natwest is to make money for its shareholders, not to tell people what type of house they should live in? >> but that definition live in? >> been but that definition live in? >> been changed. t definition live in? >> been changed. thefinition live in? >> been changed. the job ion live in? >> been changed. the job ofi has been changed. the job of natwest is to be a good company and it considers being a good company to be the most profitable when even if profitable thing. when even if that t

[laughter] what do you think of e -- esg?ments has no place in anyone's portfolio, unless you want it. you should have the freedom to invest anywhere you like. stuart: which was the wall street titan who was pushing this because he wanted to be treasury secretary? >> blackrock. stuart: thank you very much, indeed. good stuff. all right. thanks, everybody. >>> now then, wait for it, last hour mentalist oz perlman joined our program. he managed to trick lauren, todd and myself. now it's murphy's turn. he'll be back with us on set after this. ♪ he did the mash, he did the monster mash. ♪ it was a graveyard smash. ♪ he did the mash ♪ you're probably not easily persuaded to switch mobile providers for your business. but what if we told you it's possible that comcast business mobile can save you up to 75% a year on your wireless bill versus the big three carriers? have we piqued your interest? you can get two unlimited lines for just $30 each a month. there are no term contracts or line activation fees. and you can bring your own d

moving to our approach to diligence and in particular esg issues. i want to provide the board background. in particular how we monitor these issues on ongoing basis. as you know, and discussed over this past year as we talked about our processes we look to hire managers, we have a very robust process that spans multiple areas of risk. we look at traditional financial risk, look at esg risk which in many cases are financial risks and when we look at esg risk we focus on those that have a material impact on the potential returns of a fund and we also look at operational and organizational risk. we are always looking at risks relative to the materialalty with respect to investment decision. once we decide to invest, there are couple things that are important to note. for private market investments, we are typically a limited partner so this means we do not make individual port folio holdings decisions, nor do we have involvement in the operation of the companies that fit within that portfolio. that said, we do continuously monitor our fund investments

i hear people talking about esg all the time.us thing facing mankind is nuclear proliferation. it is not climate. as complex as we have seen the geopolitical situation, -- >> larry fink still runs the largest asset management company in the world, blackrock. do think people are still invested in equities as much as they did? >> thank you. it is always great to be in the kingdom. the transformation is totally heartwarming. as capitalists, as business leaders, we have a responsibility to speak a little bit louder today in a polarizing world where we're seeing terrorism, we are watching two wars and here we are trying to talk about how to make it a better world. we also have to then focus on the unpleasant parts. we all have to be better humanitarians and more focused on [indiscernible] peace and prosperity does work and people to middle and higher standards of living. we're going to see higher interest rates for longer. this reminds me of the 1970's. the 70's was about that policy. today's about bad policy again. david: there you g

almost 70% believe that they have embedded esg into their ongoing operations, but that same percentaget it will necessarily withstand external stakeholder scrutiny. lots to do. i would challenge that it is embedded in their businesses. i think that is an overly optimistic statistic but it is reflected and they know it might not stand up. i am interested as well, do these bosses have the skills, given how much their work has changed over the last year, and the demands being put on them? are they qualified to deal with this, particularly ai? i on them? are they qualified to deal with this, particularly ai?— with this, particularly ai? i think many ceos _ with this, particularly ai? i think many ceos are _ with this, particularly ai? i think many ceos are very _ with this, particularly ai? i think many ceos are very qualified, i with this, particularly ai? i think l many ceos are very qualified, that is how they got to where they are today. we continue to see growth in large corporate globally, that i think belies what we would have expected, given the economics. it is clear they have to

harder to justify the risks fruman esg or -- from a esg perspective or geopolitical perspective. the attractiveness to foreigners of the chinese marketplace is diminishing, but what the chinese government is trying to do right now, including getting the national team involved, is try to prop up local confidence. who is really going to drive the next leg higher in chinese equities? probably the locals and not the foreigners. rishaad: two i. amy xie patrick. on the other side of the break, we will look at the events in geopolitical terms and what we are making of the trade numbers. yvonne: the markets are not reacting to better-than-expected data, still in contraction but better-than-expected. and even just the scoop of the stabilization fund not turning around the market either. this is bloomberg. ♪ j.p. morgath management knows it's easy to get lost in investment research. get help with j.p morgan personal advisors. hey, david! ready to get started? work with advisors who create a plan with you, and help you find the right investments. so great getting to know you, let's take a l

during george ford by the corporate community, throwing money, virtue signaling it had its roots in esgartment of the sec is not a priority for them and this is bigger, gary gensler wanted to impose climate disclosure rules on every public company, had to explain their carbon footprint down to what suppliers are doing, they would have to explain, disclose to investors the carbon footprint of their suppliers. this is such an insane proposal because how do you know what suppliers are doing, it impacts the environment, how do you measure it, he wants people to map this out for years and years in the future, very sort of pie in the sky and costly. here's what we know about that. to scale it back, it's too onerous. it's more moderate than you think. what we do know is under this backlash, thousands of letters to the sec, does the average investor want to know about this. in any event, this is what is described, it is nowhere. is he ditching it. we don't know. probably not. scaling it back to a point where it may not matter that much. that is where it is. they extend the common period, they h

there, but i really appreciate your thoughts on everything from the global economy and, of course, esg as well. that was jose vinals with stanchart. a lot more to come, julianna. we'll be coming to you right after the show as well. a lot more interviews with central bankers and key policy makers, so stay with us. >> i look forward to it, joumanna. >>> just ahead, it's debut day for birkenstock with its first day to take strides as a listed firm. stay with us. this halloween, trick or treat yourself to the blendjet 2 portable blender... it's to die for. blendjet 2 gives you monstrous power for a delicious smoothie, shake, or frappé anytime, anywhere. cleaning blendjet 2 is scary easy. just blend water with a drop of soap. recharge quickly with any usb port. boo-gie on over to blendjet.com and order yours today. when we started our business we were paying an arm and a leg for postage. i remember setting up shipstation. one or two clicks and everything was up and running. i was printing out labels and saving money. shipstation saves us so much time. it makes it really easy and seamless. p

they have a lot of their esg commitments in place.think of our largest producers, they are part of this alliance so it is the top producers that count for 95% of the oil production here and they committed to net is greenhouse gas emissions by 2050 so they are already on board and they felt as though this at -- federal government is stepping in and making them jump through even more hurdles than they are ready jumping through on their own path. we are seeing industry groups that are applauding this one of which being the canadian association of petroleum producers. a number of other groups as well , even canadian taxpayers federation saying that between 2013 and 2023 is costing canada i think 12.8 billion dollars when it comes to what would have been proceeds from all the jobs and revenue from these projects. matt: sounds like less red tape, less regulation and this is easier to do. terrible over talking to us about the supreme court decision. this is boom. --this is bloomberg. ♪ nice footwork. man, you're lucky, watching live sports n

have gone woke whether it's budweiser, target or you name it, oil companies, is because this whole esgthe white house. it was pushed, essentially, by the obama administration. it took a break during the trump years, and now it's back with a vengeance. and you're going to have higher inflation because it basically constrained supply of stuff like oil. rachel: yeah. >> and you can't escape it. rachel: yeah. it's an elitist agenda, and it's hurding -- hurting reality people and working class people. by the way, thank you, charles, for continuing coverage. check out the will cain podcast for his three-part series on the history of the formation of the state of israel. very interesting podcast. also check out coverage on my podcast, from the kitchen table. we have an incredible conversation with congressman massie on foreign aid, the ethics of it, and food policy. we'll be right back. s you off c. put it in check with rinvoq, a once-daily pill. when i wanted to see results fast, rinvoq delivered rapid symptom relief and helped leave bathroom urgency behind. check. when uc tried to slow me d

they will get away from esg they will have a new fund name. i can't wait for this acronym.ll be something fantastic. listen, they make a lot of money, when everyone else is afraid the masters of the universe get wealthier. you were cautious last time you were on the show. >> yeah. charles: at that time, during this time period you've become cautious look at swell of folks saying there will be a soft landing. i mean, are you feeling a little more constructive these days? are you ready to get on the soft landing bandwagon? >> i have never not been constructive about the macro economy. i'm even bullish than that. i thought we would never have any landing at all that. is different from what the stock market would do. i guess i'm more bullish than last time we were together, charles, well, s&p is down 10%. easier to want to buy them when they're a little bit cheaper, right? charles: yeah. >> i think this is more to go in this move but you know, i'm not worry ared about any landings and at the end of the day it is the economy that supports the stock market so we're going to be fi

there is ceo fatigue which a lot of attention went to esg which is needs to be on eps.eing that. i want you to give me a good product for a good price with the right access at the right place which ultimately what products and services of big corporations ought to offer. small businesses we love them, more than 64% of jobs are created by new businesses, not big corporations that ultimately has a direct impact on our gdp and our health. i would rather go to the corner store than main street name to support my local economy. charles: right, right. by the way before i let you go. i want to give you kudos. your business, i know you for a decade. it is on fire. >> yeah. charles: what is happening were your business that its growing so much? >> thank you so much. for second year we're in the inc 5000, independently owned company. we're corporate, cultural intelligence company that helps big brands like kellogg's, walmarts and pepsicos of the world tap into the shifting demographics for growth. so we're focusing on that. and really helping just deliver earnings and deliver imp

. >> you revealed one of your shorts with us and it was on the esg front.en going after the esg companies, you call them grifters. how is that going? hhsi. you accuse them of all sorts of things, i think mostly funky financials and cash flows. i assume it's a profitable short for you. the stock has overperformed the last year. give us an update where you stand there. >> sure, that was armstrong, hassey. the issues were that their accounting is entirely legal but it was highly misleading. so they produced all of these paper profits, but there was no or very little cash underlying that and in an environment in which rates have gone up, what we've seen from hasi and the dumpster fires of businesses is that the stocks have underperformed. there could be more down side on hasi, we did close out our short at some point. >> you did? >> that was actually a little bit controversial internally. we developed this ai -- talk about the ai hype cycle -- but we did the pre-ai hype cycle, to advise on when to close positions and it did advise us to close hasi at a time whe

and exxon is sitting on all this cash, and they don't want to invest it into the ground because of esgomeone when has proven resources? stuart: why not. lauren: spending the money instead of trying to find your own. stuart: you've got all this cash, why not? thanks, lauren. >>> coming up, the liberal media crying over wealthy college grads who have are to pay back student loans. they don't want them to dip into their fun budget and cut back on things like travel, concerts, even a spa days. what a story. [laughter] we've got it, of course. and mr. rogers said it best, remember him? old roll tape. ♪ boys are boys from the beginning. ♪ girls are girls right from the start. ♪ only girls can be the mommies. ♪ only boys can grow up and be the daddy ♪ stuart: well, well, well, don't times change? [laughter] britain with's prime minister, the gentleman on the screen right there, he's jumped right into this transgender debate. rishi sunak has made his opinion very clear, and that's refreshing because trans-activists want to shut the debate down. to them, free speech is dangerous. that's my take

what, the success metric, yes, well, really, let’s say , they are now developing, i know, for example, esg transformed into a larger or smaller investment attractiveness, because tsg, but still it is something , semi-abstractly fashionable, even for those who are in business in business, this is smart... and so on, can it be an investment metric? well , naturally, because, let’s say, compare the khrushchev, compare even the modern panel a house, with three-layer panels, with energy efficiency, energy consumption, say, one and a half square meters less than ... in old houses, where is the conversation going, these are, in any case, the consumer properties of the product, the consumer properties of the product enter the market and compete with each other another thing, the more energy efficient a house is, the better it sells, the higher its cost, the less, the, well, the worse, so this is absolutely a market story, another question is that consumers do not always have what operating costs will be, and so on, and this is of course , well a trend that will still develop, the issue is not only

we sometimes talk about things like the esg movement in places like black rock.eliminated the use of social credit scores and financing and told the credit rating agencies we can't use the criteria it's now on the defense because of what florida is doing. eliminate the crypto currency and make the central bank digital dollar the way that you can participate in the economy. are they just trying to make your life a little easier, no, they want to be able to impose the social credit score, social credit system. they are bragging about how it would allow them to target their favorite purchases. they don't want you purchasing firearms or lot of gasoline. there's things the government will do they will dress up in benevolent ways that's kind of like a wolf in sheep's clothing. it's a wolf showing up as a wolf. they are coming after your freedoms when the state of florida. we are not going to let them get a foothold and take away the financial privacy. we talk about having an equal opportunity society where people are not divvied up in the different racial groups but we

let's start with the special economic zone , let's see how its residents implement esg standards, thencs; the vite company abandoned animal testing and was the first in russia to learn how to grow ginseng biomass. after let's get acquainted with the work of the almazov center. a center for artificial intelligence in medicine opened here in june. and finally, we will go to the pearl of st. petersburg, the hermitage, we will talk about the inclusive exhibitions of the museum , they are available for the special economic zone of st. petersburg has been operating since 2006, it is located on two sites, this is novo-orlovskaya, among the residents there are more than 70 companies, for throughout their work, they saved approximately 11 billion rubles thanks to various benefits. special economic zone of st. petersburg one of the first in russia developed and implemented an ig model of an infrastructure site. last year, the special economic zone attracted 50 billion rubles of investment, this is a record for the entire period of operation of the site, its residents follow the principles of sus

the globalist wet dream of esg seeks to embed this divisive and often wacky stuff into the dna of ourompanies , which is why biggest companies, which is why this new intervention from mr schumacher is so welcome and ought to bolster his company's share price, which has been tumbling. the poor guy has been sweating so much he probably needs some of that sure deodorant that his firm makes. what was that about going broke and going woke. what was that about going broke and going woke . you heard me and going woke. you heard me right . unilever, famous for right. unilever, famous for domestos , persil and dove soap domestos, persil and dove soap is absolutely right to clean up its act, bring it . its act, bring it. on your reaction , mark at your reaction, mark at gbnews.com. i'll get to your email shortly , but let's hear email shortly, but let's hear from tonight's top pundits. a brand new star on mark dolan tonight jenni trent hughes , tonight jenni trent hughes, political commentator and former conservative advisor claire pearsall and legendary radio and tv presenter diddy david hamil

with the governor of the irkutsk region, how large businesses increase financial and we will see the esgby attending a lecture at the state university, and also with volunteers, we will take part in an eco-action to clean baikal of plastic. so, let's go. chemical production in the city of usolya siberian built in the thirties. over the years , calcium carbite, acetylene, synthetic rubber, and hydrogen peroxide were made here. in total, over the years of work, they produced more than a billion tons of products, the main part of which was chlorine, and it was obtained using a dirty method, mercury electrolysis. as a result of engineering environmental penalties , more than 300,000 tons of various waste of the second and fourth hazard classes were discovered. basically... this is artite containing waste that was generated as a result of the activities of the production enterprise chlorine since 2020, the federal environmental operator of the state corporation rosatom has begun eliminating the accumulated damage, they have already cleaned up 12 wells where hazardous waste was pumped, localiz

let's start with the special economic zone and see how its residents implement esg standards.duction of cosmetics. the vita company abandoned animal testing and was the first in russia to learn.

leave you limited to things like esg, environment social governance, finding tiny govern -- companieso advance with left-wing policies. we eliminated so-called dei from public university systems. they say it is diversity, equity and inclusion but you look at how it is practiced, it is discrimination, exclusion and indoctrination and that has no place in our public institutions. we got rid of it. we enacted the strongest protections for medical freedom anywhere in the country. they cannot force you to take the covid jab in the state of florida matter where you work, no matter what you do. that is your choice. they can't force you to wear a mask matter where you work or where you go. we don't let local government shut down businesses. we have the strongest protections. and of course part of the reason -- we are now number one for economy, number one in education, fastest growing state, number one for net migration. part of the reason we did that is because when covid hit, we had to plant our flag in the ground and we said we are not going to let this state descendant do some type of dys

. >> but, there was a time when some of the biggest money on the planet was fool heartedly backing esghe board and motions that would go through and backing up swifter energy transitions. not just europe, but global companies. i see that money not having the same commitment a couple of years ago. >> i think the money always in the free market chases returns. if returns are higher somewhere, they will go elsewhere. that is why in the u.s., the inflation reduction act was put in place so people can invest in returns that make sense. i expect he they will be more and more structures which in the end put a price for releasing carbon into the atmosphere. that is what has to happen here that makes the market change direction so people can invest in reducing carbon dioxide. there are plenty of investments to be made and plenty high returns, but they are in the hands of all of the players, not just the oil majors. >> lord john browne. we have an incredible panel coming up. stellar panel. if you care about iocs and the oil industry, watch the coverage. we will be speaking on the panel to the li

it's also because it seems that at least in the headlines that the esg movement has stalled in the u.s, that's what influences stock action. there's no reason to own them and you're not at a valuation floor yet. i've looked at nextera. i think it's a good management and i think it's a good story and it's the wrong story for this economic environment. we'll come back to final trades on the other side. ♪ opportunity is using data to create a competitive advantage. ♪ it's raising capital to help companies change the world. ♪ opportunity is making the dream of home ownership a reality. ♪ ...and driving the world forward to a greener energy future. [applause] sometimes the only thing standing between you and opportunity is someone who can make the connection. at ice, we connect people to opportunity. ♪ ♪ >>> are you following "halftime report" podcast? what a yreou waiting for? follow the halftime podcast now. available now in siding colors, styles and textures. curated by joanna gaines. what do you see on the horizon? styles and textures. uncertainty? or opportunity. whatever you see, at p

they are having a devil of a time trying to unwind the fact they are associated with esg which is veryin red states, public finance officials, governors and treasurers who run pension funds. black rock has been banned and it is a problem for them. they are trying to unwind that image and target it the same way, sales are off, stock is off, we had that huge lb gtq plus display, combined with adult stuff with children stuff, and suffer brand damage, and it is right in there and the stock might be up but it has not been pretty and they are working feverishly on this. they hired pr experts, it's not working. neil: takes time. you are the best. charlie gasparino on that. madison alworth on another development we are following, the adams administration dealing with the latest wave of migrants coming in. madison: behind me, the newest shelter for migrants, a thousand miles across the southern border. this is federal space, broadway 19, this used to be a runway for airplanes, now it is home to 500 migrant families, roughly 2000 asylum-seekers. opponents argue this is not safe, the city and the

it goes back to mandate, abortion issues, social issues like esg and eei that seem to be taking up too much space and causing consternation and reducing the people that want to serve in our military. >> i want to talk about so many other nominations -- republicans fighting for the nomination. >> i don't want to do that. [laughter] question i do want to ask you about what some of your competitors have said, president trump had harsh words, saying that he let us down before the 2020 strike on general soleimani and they were not prepared for the most recent attack and they need to step up their game and he has called hezbollah smart. i want to ask you how you would assess these comments. >> terrible. i have said it before and i'll say it again, those comments are not helpful. they are heading in the wrong direction. i cannot be more clear that when you see your strongest ally heading into a war, one of the things you need is to make sure that there is no daylight. that sounds like daylight to me. i have been clear, i don't care if you are permissive or isolationist, one thing we cannot ha

sandwich and instead of supplying you with that answer, it chooses a restaurant that meets the crt esgne instead of chick-fil-a you get an absolutely discussing product created by analysts rate try this coming you're trying to hire a nanny, does this strike at you, jessica, you employ artificial intelligence to search, but because of this new equity architecture, it eliminates prison backgrounds because that variable could be related to discriminatory practices. so you see how this could contaminate the process. no other country would ever do this. only america. >> ex-con nanny, rated r. >> ai is basically a crawler. listen to link up and i will digest all the information on the planet and then it spits ou the very best truth given what you want based on predicted successful outcomes. it's why this is so good for medicine. imagine a million med student reading a million studies and combining it million times over to give you the best predictive outcome. discrimination is impossible in a world of predictability, but imagine if it didn't give you the best outcome because the goal is equi

. >> overnight, israeli military has been hitting targets inside the gaza strip and revenge for esg is attacked by hamas. intern, hamas has continued to fire rockets into israel. the boom and flash from the iron dome defense system lit up the dark sky and can be heard across central and southern israel. this morning, israeli security forces are still fighting to regain full control of southern israel after hamas militants invaded yesterday. this was a police station and the israeli town of stirrat, which had been taken by hamas. hamas fighters initially used bulldozers and explosives to open the security bands that surrounds gaza. some on pick up trucks, others on motorbikes, easily entered nearby israeli towns and villages. this really defense force was taken completely by surprise. >> our first goal is to cleanse the area of the enemy forces that have infiltrated it. i call it all citizens of israel to unite, to achieve our highest goal, victory in the war. >> israeli death toll is high and an unknown number of israelis have been kidnapped and taken into gaza. >> israel's focus will

and esg, what is needed more than ever as good leaders regardless of gender, regardless of race.y're still an investment that needs to be had and there is a place for chief to play that role and continuing to push companies who they made the commitment when it was easy. how to make sure people are still holding to those statements and of the importance and the benefits. we all have grown to recognize exist for companies who have great diversity. caroline: carolyn childers, chief ceo. we thank you for your time. that does it for this edition of bloomberg technology. this is bloomberg. ♪ >> welcome to bloomberg markets. a quick check of the markets at this hour. we do see equity index selling off ahead of the nonfarm payroll support were expecting tomorrow at 8:30. you can see the s&p 500 4.239.