esg?is pushback by republicans with the so-called "woke" capitalism. >> the "s" is clearly a big part. if we look at some of the main criticism in esg in the united states and other countries, they also criticize the fact that a lot of managers were dealing with the new esg rules on the duties and that could be difficult for them to choose investments. i think it is not just on the diversity and inclusion, but we saw politics could influence some of the fund managers. they wanted to make sure this was not the case. at the same time, if your fund manager is understanding that good diversity practice and inclusion in your company can also be an issue for the companies to under perform then companies with better diversity practice out performs. this is the mixed bag. we will see how it goes. >> it has been a story of declining flows into esg. just according to the u.s. esg funds declining from 339 to 315 from september to october. has it led to higher returns for businesses? that was put forw

esg and seen these companies beholden to this. esg and esg means environmental , social this.eans environmental, social and governance movement . things like governance movement. things like bud light go and losing huge amount parts of its shares pricing because of using what was the name again? his name dylan . dylan mulvaney. dylan. dylan mulvaney. >> name you bigot sorry. >> name you bigot sorry. >> and so yeah, this is a slightly ridiculous strategy when it's been disproved, when we've seen companies backfire. and we've also seen huge companies like unilever essentially reject this idea because it has cost them so much money. well, yeah. >> i mean, this idea of assigning morality to capitalism, it just doesn't it's not workable in practice . i not workable in practice. i mean, the esg score for tobacco company is can be really high because they have, you know, diversity schemes and all the rest of it, all the sort of layers of bureaucracy that gunk up a business and stop being up a business and stop it being competitive. tesla , competitive. whereas tesla, which making gre

esg and seen these companies beholden to this. esg and esg means environmental , social this.eans environmental, social and governance movement . things like governance movement. things like bud light go and losing huge amount parts of its shares pricing because of using what was the name again? his name dylan . dylan mulvaney. dylan. dylan mulvaney. >> name you bigot sorry. >> name you bigot sorry. >> and so yeah, this is a slightly ridiculous strategy when it's been disproved, when we've seen companies backfire. and we've also seen huge companies like unilever essentially reject this idea because it has cost them so much money. well, yeah. >> i mean, this idea of assigning morality to capitalism, it just doesn't it's not workable in practice . i not workable in practice. i mean, the esg score for tobacco company is can be really high because they have, you know, diversity schemes and all the rest of it, all the sort of layers of bureaucracy that gunk up a business and stop being up a business and stop it being competitive. tesla , competitive. whereas tesla, which making gre

has made quite a toxic environment for investing in esg stocks.he financial arguments do not add up, then that also undermines the flow toward esg. what was the darling in 2022 seems to be fading away now. kriti: it is something we are going to keep a close eye on. when we talked about the esg push originally, it brings me back to 2020. you saw people kind of dive into these, esg, etf's with massive inflows. at the end of the day they were trying to get exposure to tech. the readthrough is not as clear 3.5 years later. alastair marsh walking us through the key survey results from our mliv pulse survey. coming up, china attempting to ease concerns over the respiratory disease outbreak spreading across the country. we look at what could be behind the surge. stick with us. this is bloomberg. ♪ kriti: china's health commission says a combination of pathogens is causing a surge in acute respiratory infections. influenza being one of the main causes of a spike in cases predominantly seen in children. for more we go to bloomberg's allen one joining us fr

now, you know, this israel hamas war, the esg stuff is spiraling out of control.palestinian, pro hamas backers occupying the lobby of blackrock's headquarters building in new york. >> yeah, larry fink before this issue hit him and before any of this occurred in the middle east had started back up doing a huge back yum on esg -- back yum on esg because his constituents and investors saying this is not performing and you're not keeping pace with the s&p 500 and our pension plans are losing out to this idea. it wasn't working because the companies didn't make any money. at the end of the day when you invest and you're a fiduciary, you're trying to help re-tier tire rendition of anthonys keep up with inflation and -- retirees clean up with inflation and overall market and esg found a lot of friction and this all happened in the last six, eight months so i think it's very good. again, my message is let the market be the market. it fixes everything. liz: got it. kevin o'leary, you're terrific. thanks for joining us. >> take care. liz: coming up, former deputy assistant

wall street's esg crazies fading. get this, more than $14 billion from sustainable fund this is year. could this be a warning sign that biden's green dream is losing supporters before it actually becomes reality? belpointe chief strategist david nelson is here. david, i think you got this one right because you said the esg kick was never going to work. i see it as identity politics, right? all the companies had to check the box. all of those deadlines and goals were so far in the future it didn't really matter. >> whenever you have the elite you absolutely have to have something understand this is about money. that is what what it is was alws about. the rush out of this is going as fast as rush into it. the funds wanted the es g-man that kel on their brand. what we're learning ceos instead of hiring the right person for the job were checking off boxes. the policies were so out in the future did nothing for the environment right now. so fund suffered. harvard business review did a study on this back in 2022 a lot of th

esg is being fulfilled?have had a lot of talk about greenwashing and the like. how do you guard against that and you may begin a financial institution, you would like financial penetration you said, but how do you guard againstthemselves and what they are investing in as well? >> yes, fantastic question. before esg had become a buzzword we had already been integrating esg and terms of how our analyst and portfolio managers analyze portfolio construction, so if you think about it esg is just a set of data. it is actually neutral. when we look at esg we look at it on a holistic point of view. take for example a renewable company, whether it is wind or solar that does not generate a return higher than its cost of equity. it is not sustainable. on the flipside, a manufacturing company that abuses the environment for its labor will also not be sustainable in the long term, so we actually systematically incorporate esg in our analysis when we do our investment overlay. david: you do not have to go to specific name

larry tank esg guru of blackrock. samuel. apple ceo uber liberal tim cook., the dinner guests actually leapt to their feet when the communist leader was introduced. >> please rise to greet our guest of honor, his excellency, the president of the people's republic of china, xi jinping. ♪ [applause] >> laura: i wonder what he was wearing? the entire affair was a huge and much needed boost for china and for xi. they are facing major economic problems back home after all. state television in china showcased the dinner. you can see tim cook, if you look closely, and other big wigs there. and they were all smiles during the remarks from their dear leader. >> this year, after the world emerged from the covid-19 pandemic, i have respectedly met in beijing with dr. henry kissinger, mr. bill gates, senator chuck schumer, and his senate colleagues and governor gavin newsom. >> laura: now the billionaires, you know, eating their appetizers and so forth. they probably felt like it was like the oscars, xi was the celebrity and he was thanking the academy. but his audience

the ceo of boeing, the esg guru of blackrock, honeywell ceo, broadcom, and the apple ceo, tim c cooke. dinner guests leapt to their feet when the communist leader was introduced. >> please rise to meet our guest of honor, the president of the people's republic of china, xi jinping. [applause] >> laura: wonder what he was wearing? the entire affair of a huge and much-needed boost for china and xi. they are facing economic problems back home. state television in china showcased the dinner. you can see tim cook and other big wigs there. they were all smiles during the remarks from their dear leader. >> this year after the world emerged from the covid-19 pan pandemic, i have respectively met in beijing with dr. harry kissinger, mr. bill gates, senator chuck schumer and his senate colleagues and governor gavin newsom. >> laura: now the billionaires eating their appetizers and so forth, they probably felt like it was the oscars. xi jinping was the celebrity thanking the academy. his audience back home got the real message, china is the winner here. xi was playing 3d chess and these men were

and people are questioning esg. esg funds dramatically underperformed funds that pursued a profit motive via alpha. i think there is the ultimate indication or collision of that. that is you are either a for-profit entity seeking commercial success or you're a non-profit thinking about risk to humanity. i think there's room for concern. >> that's really fascinating, the idea that you think this is the end of that, that this is something that could -- we've seen that argument made by a lot of executives and billionaires who say, you know, esg doesn't work. does this bolster that argument, or does it just show how it conflicts, i guess? >> like i said, i think this is the beginning of esg investing. you had a board that basically -- to give them the benefit of the doubt, there was something they were worried about. they were worried that the combination of trying to err on the side -- they tried to err on the side of risk to humanity, it appears, and got very concerned. and the management team was erring on the side o

page, what we've done, esg. such a problem center for you that you literally are doing clean energy and doing great plastics one in the same. and the cleaner, it seems like no problem. >> i don't think there is anything i can tell you about that's going on in the company that doesn't involve sustainability today. what we're doing in alberta with path zero is i think one of the most elegant simple designs you will ever see. we crack et lean to make et lean, which is a product we want. we make methane and hydrogen. we will bring that through which is built at the site, scrub all the co2 out and take the pure hydrogen right back to fire the furnaces on the cracker. that closed loop system means i don't have to transfer hydrogen any where. at the scale we do it, retro fit the existing one and reduce 1.2 million tons of emissions at the site. the entire site will be zero scope one and two. >> where do you think we are finally not all countries have still gotten into the habit of recycling. i know coca-cola finally go

esg standards will allow us to overcome a number of issues on the external circuit, in particular, this will help reduce the sanctions background around our country and enter new markets. our unity in faith and truth, this was discussed at the interfaith open dialogue. today, volunteers of the brsm movement gathered at the temple monuments in honor of all saints kind heart. this is the finale of a charity event, the restoration of the shrines of belarus. the project is already 10 years old, through labor campaigns and volunteers. mission , a sense of pride and respect for the historical past and rich culture of the people is formed among young people. and today, a cash certificate was handed over to the bresse regional center for youth creativity. funds raised for the creation of an educational and health institution, the republican center for the historical education of youth. construction of a landmark facility on the territory the kobrin fortification of the brest fortress began on november 11. i'm helping the second one already. we have a memorable place in slavgord, such as the blu

[applause] it was desantis ensured that dei, crt, esg, they are doa and florida.s desantis or a stood strog for second amendment d rights. it is desantis of and led the charge tosa an active death penalty for child rapists and pedophiles. it is desantis who stands up to protect the innocent of life it is desantis who fought the teachers unions got stood up for kiska protect our parents and fought for good teachers to get historic pay raises. and by the way it is desantis balanced budget, vetoed 6 billion in spending had a $21 billion surplus and who enacted more than $2 billion in tax cuts. [cheers and applause] >> and it was desantis who wonn and in a store landslide there before seen and a governor's race in the state of florida winning by 1.5 million votes, a 20-point margin. when you look at it, -- [applause] 30% of independent a 20% cotton% of women, 30% of hispanics and 20% of independents. but i'll tell you what else got roughly what else is really important. it was desantis who held the line for the state and this nation when the country went bad during co

as to esg, it is now obvious that a material number of investors find it material to their investment decisions. that is why there are literally dozens and dozens of mutual funds and corporations and investment vehicles that design themselves for those investors that care about the environment and investing. i do think that it is a problem because it's an account that i just do not know how you can possibly get there. our accounting system captures what is on the balance sheet. fifty years ago, 90 years ago i believe, 90% of the company was there on the balance sheet. now 90% is not. the company is not explained by the balance sheet except to 10%. that is why we need reporting better research which should be capitalized. other metrics that help determine the real value of the company. swing pricing is a mistake. it is unfair to the middle class because the wealthy can put together their own portfolios and they don't need mutual funds institutions can be on cit. this advantage to the tune of three hours. without objection i would like to put onto the record my letter to the administrat

forget about esg or forget about control mechanisms, cause we're self—censoring ourselves out of feare the you mentioned what you asked the question yourself. what are the consequence pieces of this kind of censorship? what's the answer 7 of censorship? what's the answer ? where where do we end up ? ? where where do we end up? >> well, i'll i'll tell you what i think that nobody is talking about. >> but it's perhaps the worst consequence of all. if you want to have a relationship with somebody , if you want to have a somebody, if you want to have a friendship with somebody, then you have to say what you mean to me and i have to say what i mean to you. because if you don't say what you mean to me, then i'll only go by the words that you use . so i'll never really know use. so i'll never really know who you are and you'll never know who i am. you know, from aristotle and socrates onward. you men who are based cannot have friendships with each other. only virtuous people can have friendships like genuine friendships. but you can't even aspire to the level of virtue if you can't say what

at the beginning of the year, the company and the city administration entered into an agreement on esgiority of introducing technologies based on artificial intelligence. and we participate in many projects in the city of vologda. this is a transport project, this is the development of payment systems on the territory of the municipality , lending. the development of artificial intelligence is important because it will allow us to develop the initiative of the population. research activities, machine learning, including the transition to conscious consumption of natural resources and the implementation of important environmental projects in our city. this is how the vologda region is developing, introducing environmental, social and corporate management standards. and we'll move on next time we'll tell you about kemerovo region.

it is esg policy at agencies, they birthed the agencies. it is things that are policy-focused and culture-focused and if he can keep the focus on issues that have sort of 51% support, that's going to be easier for them to digest to the extent there are issues that are being at the forefront for democrats that are good for them like abortion bans, for example. the democrats think that help them mitigate their losses. one of the reasons why the house majority is so small is the red wave kind of crashed and burned and became sort of a red puddle. it got the majority, but you seen it is really hard to govern. the democrats kind of want to put the focus on some of these culture war issues where they feel like they have the advantage. host: our guest reports for bloomberg, you can find >> tonight, watch c-span series in partnership with the library of congress, books that shaped america. we'll feature the novel "their eyes were watching god." the story set in central and southern florida during the jim crow era. and explores life in the african-a

at the beginning of the year, the company and the city administration entered into an agreement on esg transformation with a priority of introducing technologies based on artificial intelligence. and we are participating in many projects in the city of vologda, this is a transport project, this is the development of payment systems in the territory of the municipality, lending, the introduction of artificial intelligence is important, because this will allow us to develop and - initiative of the population, research activities, machine learning, including the transition to conscious consumption of natural resources and the implementation of important environmental projects in our city. this is how the vologda region is developing, introducing environmental, social and corporate management standards. and we’ll move on next time, we’ll tell you about the kemerovo region. this is russia 24, right now the main facts of this day. vladimir putin held talks with president of kazakhstan kassym zhamart takaev in astana. the heads of state spoke in a limited format, after which consultations con

probably high for longer interest rates, a global economic slowdown, disruptions of technology and esgties. geopolitics is also getting more complicated now. these are all complexities that will stay with us. what we need to discuss of course is the risks rising from all these complexities but importantly hoping that everybody in the room can find opportunities that might emerge from some of these, especially in technology and esg areas. david: i was looking atthe list of panels , it is everything you mentioned, from opportunities, to crises. we were seated at the exact same spot almost 12 months ago. how do you think the recovery has been in hong kong? >> it's been good. last year's summit officially marked the reopening of the hong kong economy. we've got about 40 or 50 global ceo's coming in. after that, the ripple effect was good. after they all came in, they spread the good word about hong kong and then we saw senior management, others coming over to hong kong. everything is back to normal, vibrant, and energetic. people are looking for opportunities. for the broader economy, hong

. >> so invest with esg priorities? their way? >> yeah, yeah. they definitely value esg principles. but you talk about the geezer goggles, you know, at the end of the day, there's an idea that young people, you know, they're all marxists, they all want to -- they're allergic to the a market. and those that aren't are long crypto and short everything else, whatever. like, you got the vast majority of young people we found in the survey that think that the stock market is the place to build wealth long term, you know, don't have a lot of marxists buying vanguard etfs as far as the marxists i know. >> so what generation is that? is it a letter? are you z? >> yeah. >> you're z? >> 18 to 34, you've got z. and you also got the young millennials. >> some of the young millennials. >> some of the young. >> my kids follow it, they know what's going on, on social media. is there any movement at all back to the center or to the right? some of my kids tell me that they see a lot of conservative thought making a comeback, is that not

everything you hear about dei, esg, all the same, ditching any objective matter like ap classes in school, acts's and sat's and objective assessment via artificial intelligence. yeah, you heard that right. americans struggle to buy a dozen eggs or fill their gas tanks, don't worry the administration has a plan to -- automated systems should take continuous measure to protect communities from algorithmic communication and design systems in an equitable way. this is -- anything to avoid what might approach an objective aassessment and business leaders are bowing to equity gods, as well. >> countries must speak up as allies to black lives matter. >> we supported black lives matter. >> business leaders cannot remain silence on racial equity or gender equity. >> laura: this is at play in corporate board rooms and left will expand from training to hiring of airline pilots, to training and hiring of heart surgeons. scared yet? you should being. their dream is to massively expand power by embedded affiliation under the guise of systemic injustices. call it crony socialism, but let's face it, ever

or is just esg farage? or is it just esg nonsense? don't nonsense? i don't know.d out because we've got to go to the break. but another terrible performance but performance from natwest. but that done. but that is part three done. but coming on final section, coming up on the final section, why bad and birds are welcome back to the final section of headliners. let's crack on with the mail. and it turns out sleep is bad for you. was this written by lewis schaefer? paul was the man who denies that baked beans exist and water dehydrates you and all other such nonsense. >> good evening, by the way. lewis, are you watching? miss most associate sleepless most people associate sleepless nights with the feeling cranky the next day, but pulling an all nighter may actually reverse depression for several days. a new study suggests so sometimes, although the body is physically exhausted , the brain feels slap exhausted, the brain feels slap happy. yes, and loopy . right. happy. yes, and loopy. right. okay i think what they've done here is they've confused out happiness with d

[applause] we need cap esg things like a black rock and all this other stuff dead on arrival in the stateank digital courtesy. the first state in the country to limit for public universities so-called cei essay diversity equity inclusion. it's ideology and indoctrination. and has no place in a public university system. when the blm riots broke out in the summer of 2020 did not say meet marchant with the writers i called up the national guard, we passed legislation preventing local government from putting the funding to the police and we ensure that in florida if you riot, you loot, engage in mob violence not getting a slap on the wrist or getting the inside of a jail cell. [cheering] [applause] we have passed and enacted the death penalty for pedophiles. and when we as prosecutors one in tampa florida one in a orlando florida who took it upon themselves to pick and choose which laws they liked and which they wanted to enforce i removed both of them from their posterior. all this has not led ranked number one in economy. number one in economic freedom. never one for education parental invo

business environment and if information is important to you from the shareholder point of view or from esgwill move to change those, that is not in his dna? guy: what happens if the chinese economy does not improve from here in terms of how china projects power. does that become more important, does it become more bellicose, does it retreat to the russia china, iran access that seems to be forming at the moment. a lack of improvement in the economy means for everyone else? george: i will give you the brief answer. cyclically there's a lot of noise going on. we have numbers out today which i'm sure you covered about retail sales and industrial production which are a little bit better, investment is still weak. but what's really -- the problem really is not just with the economy is doing in the next three or six months, but whether it can deliver all of the aspirations xi jinping has and is imbued into the middle cat -- middle class to expect. given the economy will only grow by 2% or 3% on average in the next 10 years and given some of the huge problems which exist in real estate, local gov

we firmly reject those types of commitments or esg promises or any type of social justice commitmentsthey can't rescue an illegal merger. we tried to make clear that firms should not come to us with those types of nonstatutory commitments because we are bound by text of the law. host: on this point, it sounds like you feel the case law has departed from the original understanding. are you guys attempting to overturn precedent or are you seeing the distinguish precedent? the wall street journal has made much of your win-loss record. a lot of people have said this is contrary to where the law has been. howdy respond to critics who talk about how this fits with the precedent that has built up over time? chair khan: the guidelines are anchored in the case law, the legal precedent including major supreme court decisions and decisions from the court of appeals. these are decisions that get cited routinely in modern-day antitrust decision. one change we saw around midcentury is it was the 1970's and we had the expediting act. antitrust cases that were appealed by the justice department, the

but this film, although it's made no money, it's going to get a great esg score . women. it's diverse. it's got the first black woman director. so you know, they're taking all the all the boxes so, i the all the boxes there. so, i mean, money really matter? mean, does money really matter? >> i >> well, that's that's what i mean the disingenuous mean about the disingenuous headline, is headline, because the paper is suggesting end of suggesting, is this the end of the superhero run ? but i the whole superhero run? but i think rather like think it's rather this is like the ghostbusters, think it's rather this is like the it? ghostbusters, think it's rather this is like the it? things)usters, think it's rather this is like the it? things ,1sters, think it's rather this is like the it? things , you s, know. >> no, there was a thing a few weeks they are weeks ago. basically, they are in are absolutely in crisis. they are absolutely losing amounts money losing huge amounts of money with plus service as with the disney plus service as well. they've been underperforming. a

but this film, although it's made no money, it's going to get a great esg score . all women. it's diverse. it's got the first black woman director. so you know, they're taking all the all the boxes so, i the all the boxes there. so, i mean, money really matter? mean, does money really matter? >> i >> well, that's that's what i mean the disingenuous mean about the disingenuous headline, is headline, because the paper is suggesting end of suggesting, is this the end of the superhero run ? but i the whole superhero run? but i think rather like think it's rather this is like the ghostbusters, think it's rather this is like the it? ghostbusters, think it's rather this is like the it? things)usters, think it's rather this is like the it? things ,1sters, think it's rather this is like the it? things , you s, know. >> no, there was a thing a few weeks they are weeks ago. basically, they are in are absolutely in crisis. they are absolutely losing amounts money losing huge amounts of money with plus service as with the disney plus service as well. they've been underperformin

>> interesting about that, esg piece of it, and sort of how he thinks about esg and how he think answer, right, a., that democrats and biden administration have not been as generous and kind in spirit about this own accomplishments and tesla's success. >> more than that. >> impacts his deeply, and then i think views about what he would describe as the woke mind virus, and other things around free speech. >> you heard what he said about old twitter. unbelievable what he said. he said it was a megaphone for the democratic party. >> said exactly -- >> well, let's go to something i hope i know a little bit about, regulation. your dialogue with him around regulation i thought was pretty remarkable, because he said a couple things. one, look, i'm remarkably compliant across my companies with oceans of regulations. there are some i disagree with. what i think he was saying, we can go back to the s.e.c. was, what is the purpose of regulation? and where is the biden administration going with regulation? is it regulation for regulation's sake? or regulation to further mankind? no doubt that he fe

officials will meet with president biden at the white house today to discuss the logistics and esg standardsbaba and jd.com notching impressive sales figures on singles day this weekend. offering hope for the struggling economy. alibaba recording year on year growth after offering 80 million products at steep discounts. jd.com says sales are at a record high. >>> ahead, one word that every investor needs to know today. and why our next guest says he is not buying that the market rally truly has any legs to continue. we will have tt orafr is.asty te 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. e*trade from morgan stanley. 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. e*trade from morgan stanley with cirkul, your water is deliciously flavo

you have to look at esg as much as possible.ou raised a good point earlier on and really the green categorization. >> what is the readthrough to say, that traded the beginning of the year was foreign luxury. we know that's not looking great. what is the readthrough? will it be industrials like we heard today? >> it's a bottom up exercise. i think the times of the top down, you by luxury and industrials, of those days are over. it all depends on the footprint on the ground. which area you are really in. in terms of luxury you have conditions from domestic brands. it is a new china. i see china being in its third phase of development. it will be beneficial but will have to be selective. >> how would you play it through europe. it will be beneficial, but where? >> through europe is one thing but i think you want to have -- you can really select companies particularly in the innovation space, there's a lot of interesting tech companies, i think this is it. otherwise you go to the secondary and i -- you have to -- they are in those s

we kneecap, we kneecap so called esg environment, social governance not allowed in our pension. 2 billion away from blackrock who is managing it in the pension. we banned social credit scores in the state of florida and we have banned the use of central bank digital currency, one of the first states to do that when we had the blm riots of the summer of 2020 we called out the national guard and we then enacted anti riot legislation prohibiting local governments from defunding the police and making sure that people who riot and loot engage in mob violence end up in the slammer where they belong. we even, we even enacted the death penalty for pedophiles and that's what should happen. and we've done so much more. but what are the results of that? of actually winning all those fights? the results are as follows. florida's economy is ranked number one in the nation by cnbc. number one again in 2022 for net in migration. and i'm not asking to come to this state. i mean, honestly, the more people come, we got to build more schools and roads and do all this stuff. so it's not like we're

for example, debates on esg and decarbonization have been put to the side by big geopolitical situations a bit of a sense that the mindsets are moving. guy: we will track them closely. don't you worry. elise badoy of citi.we are counting you down to the close. we are about nine minutes away. we work of all the way to that. very light volume out of europe. of course, it is thanks giving. ♪ fresh, warm hot dogs! when i'm not selling hot dogs, i invest in a fund that advances innovations like robotics. fresh, warm hot dogs, straight out of my torso! one for you, one for you. oh, you're a messy one. cool, right? so cool. anyone can become an agent of innovation with invesco qqq, a fund that gives you access to nasdaq-100 innovations. hot dogs! fresh, warm hot dogs! before investing carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com. was also the first time you heard of a town named dinosaur, colorado. we just got an order from dinosaur, colorado. start an easy to build, powerful website for free with a partner that always pu

. >> rachel: a lot of esg involved, as well. >> emily: i agree, it is all virtue signalling. musk went on to say, what i care about is reality of goodness, not perception of it, what these people care about, people who care about looking good while doing evil. the joke to me is on the brands as elon said will be blamed if twitter goes under. they are standing up now because of him posting on an antisemitism post? what happened to the overwhelming amount of content that is shocking horrifying, violent and furthering of absolute, terrible things, people who have twitter accounts unfettered, it is laughable because posturing is simply for people's own virtue signalling or who they hope to get into the movie theaters and the like. we know they don't mean it, if they did, they would have done it a long time ago, i might be in the minority where it is toxic. most of social media is, for me, if it would all go away. >> irony is bob iger came out and said he is concerned that woke movies had hurt their bottom line and he feels need to weigh in once again with what people call corpora

very interesting with the backlash that esg investment has had in the last couple years.hat do you make of that? >> i'm glad you picked that up. that was interesting. we tried to map what was magnetic areas for people joining the tech industry. what we see in the numbers is the determination among european talent to work on the big problems that we face. be that climate or health. that is really reflected in terms of what we are seeing being the big pull effects for people of changing roles. >> the gen-z mindset. more purpose driven. >> it is a huge problem. there's a huge possibility to have an impact. there is a huge commercial opportunity. the narrative of those two things. >> maybe also the jay-z mindset. >> wonderful to have you join us. we have a full write-up of the report on cnbc.com so you can get all of the details there. you can see it is pre-viewed as we speak. if you want to get involved in the conversation, you can follow us on x @streetsignscnbc. >>> we're going to take a quick break. when we come back, a record-breaking cyber monday stateside as buy now pa

jot company admitted that esg activism hurt shareholders and said "we face risks relating to misalignmentr entertainment, travel, and consumer product that impact demand and profitability of any of the businesses". along with structural and cost challenges, that's teeing up a fight with activist investors and value act capital and try and fund management and built up large stake withs the ladder seeking board states and we're expecting iger to get asked questions about that and business funda fundamentals andg elephant in the room, who's going to succeed him? i worked at the company ten years ago and as much of a mystery then as it is now. stuart: thank you. mike murphy with me, would you buy disney stock? >> no, i don't believe in what they believe in and the company changed and the report there, that should be underlined. they no longer delivering to the public what the public wants. they're catering to a very small piece of the public, and i think people like nelson peltz that's been an activist and they're going to make headway and his chief job is increasing shareholder value and inc

i still feel there is a lack of clarity with the esg box. >> 100%.he big summary is a couple of positives with the earnings from shell. however, huge question marks about where they heare going in terms of sustainability. let's break the figures. adjusted earnings reported $6.2 billion. that's pretty much in line with what analysts were expecting. however, it is a significant drop from the record earnings we saw in 2022. having said that, kpex came in at $5.6 billion. share buyback was one of the positives. they are now saying they will cash in $3.5 billion in the fourth quarter. that is higher than what they actually delivered in the third quarter as well. the fact we are seeing higher share buyback momentum and lower kpex could be a positive for some of the market reaction. we will get there in a moment. i want to show you the figures from bp the earlier in the week to compare these two big oil majors in terms of propefits. kpex at 3.6 and share buyback for the third quarter came in at $2 the$2 billion. let's share the results. you can tell the mar

everything from trying to cancel student loans to driving esg again data committees through the capitalling down in a period of time seeing the country trying to take over by the radical left. stuart: it's hard to get something done in the congress, isn't it? >> it's incredibly difficult and esowith a narrow majority both in the house and senate. and in a period of time where this biden administration tries to run rough shot over congress. this administration continues to use executive action to drive forward their agenda is a huge challenge and need for congress to really re-instate our authority under the constitution. stuart: in the forthcoming election, 2024, some senators are out, 31 house members are out. does the reelection -- o does this favor the democrats or republicans? i'm questioning which senators are out, what' who is going to e them, which congressman is out and who's going to replace them? favoring republicans or democrats that the stage. >> some of the seats in overall safe hands and republican or democratic side and a few of them in more tossup districts and more reti

point, do good in the world it is so, ub artificial ace ingenerous, rsg, as money manager don't skr esg environmental, social governance issues box checking insincere, completely missing the point. >> you know what is insincere cleanup in san francisco, to make it look beautiful for xi jinping. w. how about citizens in a live there cleanup for them get this a check tv news crew was reportedly robbed covering asia summit in a are san francisco a cameraman covering a shot three masked men approached with guns at stomach and head as gavin newsom slammed after city got a face-lift ahead of summit xi jinping's approval biden being urged meet with city homeless population during trip to see issue firsthand a check tv camera crew has guns pointed at camera guy's stomach other crewmen at his head. >> reminds me six months ago a cyy true went to on the all have to interview mayor about homeless problem came out car had been broken into equipment stolen, here it is just happening time and time again, because you have a group of people running the city of san francisco. who up until this past week