general made after the second petersburg offensive which occurred between june i 21 and june 24 lessthan a week after all of that was going on in this first event actually went to granted said look these things are not working. we should exercise official siege operations and grants that okay and that lasted for about 36 hours and then grant said no more digging trenches we are going to continue these operations. so in that regard i think petersburg is always understood as a siege of that are prior to petersburg of a lot of interest at the civil war students have. it's just depressing and there's no real tactic to try to understand and therefore who cares unless just move onto appomattox and be done with it. you said dismissing, there are nine federal offensive send so there was a lot of maneuvering at dieter spurred. was there slack time in between? absolutely and yes there were various trench raids and various calvary. send lots of actions both north and south of the james river. one thing we have to understand is the petersburg campaign in fault directly all the actions that it he

around the 13th of june. specifically, even if he had had perfect intelligence, which is impossible, even if the scouts had been observing the james better, what options did he really have in your opinion. just some of your thoughts. >> as i mentioned really briefly, although the overland campaign is almost always described as a failure on grants part, because of all the losses that he made, the fact that lee's army continues to defend richmond, which was allegedly grand subjective, grant had degraded, grant and meade had degraded the army of northern virginia significantly that it was not an offensive army anymore. and then you subtract a third of the infantry going to the shenandoah valley. the army of northern virginia is reduced to maybe 30, 000, 35,000 infantry. consequently, lee is a potent defensive force. he is not an offensive force. he is a counter puncher he is not going to be able to exercise any offensive movements on his own. he cannot change the calculus of the war in virginia like he had done

>> june wasn't the low but that's a 60%, they have additional volatility.ling investors, the earnings outlook is cloudy. and they are relieving investors, comfort about the outlook, with additional things to worry about. jack: when you hear portfolio managers outperforming the market one thing you never hear, you like to buy lousy companies with no earnings, you are following the low-quality trade and that is where the winners have been. >> the russell 1000 is a good gauge of stocks, we see negative earners and smaller market start to outperform over the past 4 or 5 weeks. we see that in the russell 2000 since june, the junk is running off the bottom, this is typically what we see coming off of the bottom in the middle of recession and investors hate it and they don't have enough exposure to the market. i'm not telling people to have a massive low-quality portfolio. it is normal if we did see the low in june. jack: how should they invest in that? >> if you want to play it over the short term you can look at the sectors and industries where earnings band-aid

not a blurb you'd want on your resume in the fighting from petersburg from june 13th through june 26th. barlow's division suffered 2,276 casualties the highest number of suffered by any of the divisions of the second core. specifically barlow performed badly at the battle of jerusalem plank road on june 21st, 1864 in which a large number of his men refused to fight and were taken as prisoners after that battle one of his soldiers bitterly exclaimed. it is an open secret that bar that barlow just isn't right at in the head. he also performed badly at the battles of deep bottom on july 26th and second deep bottom on august 13th at both. was painfully clear that he could not summon the energy to organize and direct an assault. it was also painfully clear that even if he could do that his men would not make it. he had an ongoing physical and mental breakdown that accelerated during the summer and his wife arabella got who was serving as a nurse through the war sanitary commission nurse in a hospital near city point fell very very ill. she died of malignant typhus on july 27th 1864. he was

and from deere to discretionary, that is the best performer since the june lows. we trade the top three names in power lunch which starts right now. >> kelly, thank you very much. welcome, everybody, to "power lunch. here's what's ahead on a busy friday a big tech reversal. the sector rallying 20% since those june lows. apple up about 30% amazon 35. netflix 40%. this hour, the it tech names to own. plus, inflation in a bottle. the cost to make busourbon are soaring. the president will say why prices could head even higher next year. kelly? >> thank you, everybody. the dow right now up just shy of 300 points the s&p 500 up 50. that is 1.2% the nasdaq up 1.5% it has been leading the way since the lows really so have the small cap russell 2,000. up 4.4% as well for the week a strong performance they're over to the 2,000 mark chip stocks higher as well higher on semis now, applied materials, 5% teradyne short of. that and easy go up almost 17% charge point up 14%. plug power up more than 6% ty >> thanks very much. inflation concerns easing just a bit this week followi

agnew at the residence in the sheraton park hotel on june june 1. besides mrs.al guests included julie eisenhower, mamie eisenhower, mrs. cox and ed's sister, marianne. among her many gifts, tricia received her china, the blue tree pattern by lyness, her silver, eloquence from greenfield massachusetts, and her crystal, a cut glass pattern. prior to mrs. agnes party and informal shar was held on may 26. tricia wasn't the first white house bride-to-be to have a shower given in her honor by a member of the washington women's press corps. helen thomas was hostess of the party at which mrs. nixon, julie, and ed's mother were honored yet. other guests included members of mrs. nixon staff and women reporters. one of tricia is gifts from a lady of the press. to be an expression of sympathy for tricia and ed's desire for anonymity. to the movement of all, tricia donned her disguise. on friday evening june 4 at washington's beautiful anderson house, mrs. william rogers, wife of the secretary of state, hosted a reception for the diplomatic corps in honor of tricia and it.

it's down more than $1 since the peak in june. that's according to aaa.ther key inflation measure fell in july after surging last month. it is still painfully high. cnn's business reporter matt egan and cnn's business correspondent rahel solomon with us now. let me start with what these numbers mean for the economy and inflation. >> it means that finally, some relief is on the way. the cost of living, of course, remains way too high, but there are some signs that maybe the worst is over here. these new inflation stats out this morning, they were encouraging, which is pretty rare that we say inflation stats are encouraging. producer price index show that wholesale prices rose by 9.8% year over year, and month to month, we actually had deflation, prices fell for the first time since april 2020, when covid shut the world down. here's why this matters to all of us. we're talking about inflation that is in the pipeline. so, if inflation is cooling off at the wholesale level, that should eventually lead to less sticker shock for consumers. but let's be clear. 9

it was on june 14th. when did arc bottom? it was on june 14th along with everything else. i don't think it is a coincidence. i think we are in this relief rally driven by rates and i think that is what has me cautious right now. if you look at the tenure, it is higher that right now than it was. i think i was looking at coin today. looking at the last four days down 10%, up 7%, down 10%, up 9%. when these names that have performed the best recently are flailing around like that, obviously not trading on fundamentals, it still leaves me with caution. >> this week we were cheering backward looking data on the consumer which gave enough confidence to the market that may be the worst is behind us and yet, next week we are going to get much more real-time rates when all these retailers report. >> i think next week is going to be really important that we are at this time right now we are finally getting good news that actually is meaning good news and the stock markets. over last week we got a really strong jump. cpi came in lower than expected, the producer price index lower th

if you look at prices from back in june, it's a huge drop.top of that, we're getting another better-than-expected report on inflation. cnn's matt egan and rah hall solomon are joining us now. it seems nice to have good news to bring our viewers on the economy. matt, tell us about this drop. why? >> there's a lot of different reasons for it. you have to remember that back in june, back in early march, the big fear was what's going to happen to russia's energy supply as the war played out. thankfully, that nightmare scenario of russia's energy getting completely knocked off-line, that has not happened. that's eased some of the pressure in the market. at the same time the biden administration went ahead and released an unprecedented amount of emergency oil. we can debate how much that helped, but it has been a positive. at the same time, we've had fears about a recession drop oil prices down dramatically. any time that happens, that will play out at the pump, although usually noft not as fast as we would like. one more point, prices got too high

thank you, madam vice president, 156 years ago, 156 years, june 19th 1865,. major general of the union army rides to bubble galveston, texas to enforce the emancipation proclamation. and free the last and slaved americans in texas from bondage. today, as you all know, became known as juneteenth, our people some of what was said. the dara flex what that tells us for. the joy comes in the morning, june 10th marks both a long, hard night of slavery and subjugation, and a promise of the morning to calm. this is a day of profound weight and profound power. a day in which you remember the moral stain, the terrible toll that slavery took on the country, and continues to take. what i have long called america's original san. at the same time, i also remember the extraordinary capacity to heal, and to help and emerge mirabel. i the painful moment and a better version of ourselves to make a better version of ourselves. today we concentrate juneteenth where it ought to be, one it must be, a national holiday. as the vice president noted, a holiday that will join the other

through june 2028, we recommend approval. >> thank you so much. supervisor mar? >> thank you, chair ronen and thank you ms. ermoto for your work on this important program that creates much-needed care for folks in our city that really need it. i guess i had a few questions about this and particularly as it relates to other sort of similar issues that we're grappling with. there's the lack of sub acute beds in our city and then also we're dealing with the lagoon that honda crisis and the lack of skilled nursing in the beds in our city. so, my first question is why are, do we have to contract for the two hundred beds, you know, out of the county and in some cases, so far away like in stockton and yeah. lompack and how many comfortable beds do we have for this type of care in san francisco? >> thank you for the question. we have a finite number of beds in san francisco so the san francisco behavioral center has a mental health rehab center within it and i'm blanking out on the number of beds and i'm going to ask jane who is calling in, if she can refresh my memory.

they have inventory charges in june then moved on. wal-mart is taking two charges of inventory and may still be stuck. i don't know. i don't think i'd want to be in either one. we solved this dilemma on behalf of retail stores. costco and amazon instead. that's very tough for retail u. aside from exceptional situations, got to steer clear at this point. the book says when ever the hedge fund says do not buy retail going into a recession. lots of stuff here. they seem to have good insight in europe where they're big. perhaps wait until reports wednesday morning. then do some buys. tgis makes out like a bandit when normal retailers duck their excess inventory like they're doing now. we get to hear from analog device which is a fantastic company. i like this one. their chips are in demand. we own the system travel trust which you can follow. we're waiting for orders to produce upside after last quarters. cisco is so cheap. there's a ton of data. we set the stock anything good at all. i'm betting that stock holding here because of that po

when crowds stormed the border in june. he confirms a trans account. with a medical mark, i saw several dozen migrants minus we'll get over the bottle and know what other fha alada they were illegally. devoted straight away, i reckon me up with. didn't even have a chance to came asylum. you'll have one. yeah, i don't want a spanish police simply send them back. that would be, oh my record that's illegal. under international law, many of the migrants were from countries entitling them to refugee status in europe . we put the claims to the head of the regional government where there might be one or 2 cases that have been many attempts to get across the border. recently, we were all worried about the wall rising green prices, missile, and people going hungry, or there are real consequences from all of that or less realty are totally literate . melia is a small city with a population of around $90000.00. it's one of the few european territories which has a land border with africa. journalist javier says spain as happy to pay out millions to its african nei

cpi jumped 9.1% in june from a year earlier. that was the biggest increase in more than four decades, soaring energy prices and labor shortage are leading to higher prices. the labor department said that it was broad-based with the largest contributors being gasoline, homes and food. the federal reserve raised its key interest rate in july by three quarters of a percentage point. that was the fourth increase in five months. the aim is to get inflation under control. some experts say the sharp increase is beginning to affect consumer spending and other economic activities. we will also get the latest inflation data from china. the national bureau of statistics will release both the producer and consumer price indices for july. the ppi rose 6% from last year. it is the smallest jump in 15 months ago the company continues to buck the trend of accelerating prices for go the rise was due to the exemption of --, stable supply chains in keory sects and government policies to stabilize commodity prices. the cpi for june increased 2.5% f

and i guess in a moment, 1st this report from homages june for us. how speaker nancy pelosi, a high profile trip to taiwan, fraught with both complications and contradictions. america's 3rd most powerful politician, repeating washington's commitment to protect democracy on the self governed island, while also respecting beijing so called one china policy to day, the world se, se is a choice between democracy and autocracy. americans, determination, you preserve democracy here in taiwan and around the world. we may iron clad, taiwanese, president, sy, in when, who gave pelosi, one of the highest civilian honors, promised to defend the island from beijing's threats. and helen, aggression against democratic taiwan would have a tremendous impact on the security of the entire india pacific. he man, facing deliberately heightened to military threats. ta one will not back down. we will firmly up, hold our nation sovereignty and continue to hold the line of defense for democracy . china, which considers taiwan a part of its territory, has said it once a peac

on june 30, 1941, their remains began to be released.ty was filled with the shrill cry of people who found their relatives among them. his unbearable some bodies had traces of bullets, others were so mutilated that they could not be recognized by the wet soviets, saving time and ammunition, filled the cells through the food hole to operate the grenades that tore the prisoners to pieces stetsko planned to declare independence in the opera house. sheptytsky recommended to stetsko that it is better not to do it in a hurry, but to gather a community of ukrainian cities. we need some kind of meeting to legitimize everything as much as possible. his people rushed to gather. well, first of all, it was necessary to find out who was alive and not arrested among this ukrainian intelligentsia earlier, as by the evening they did not manage to gather all these meetings by that time the german army had already entered, the main german forces had entered lviv, it was obviously assumed that nachtighal quickly before the arrival of the germans , why was

secretary, take a roll call to approve the wednesday june 2022 commission meeting june first meeting. >> president knutzen? >> yes. >> vice president spears? >> yes. >> commissioner bittner? >> yes. commissioner jung? >> yes. >> commissioner lum, >> yes >> and commissioner slar. >> yes >> unanimous vote. >> thank you. commissioners your next item is 5. the resolution to hold in person meeting with members appearing remote. are there comments or questions from the commission regarding this resolution? do we have anyone from the public had wishes to comment on this item. >> anyone from the public who wishes to comment? open the phone line for public comment. there are no callers in the queue >> no questions to speak is there a motion to approve agenda item 5? >> i move. >> from commissioner bittner. >> and commissioner sklar seconded. can you take a roll call row to approve the resolution in person with some members remote. and noting that commissioner sklar and bittner are appearing remote today. >> president knutzen? >> yes. >> vice president spears? >> yes. >> commissioner bittner? >

a lot of the other risk assets off the june lows. it's really from a technical perspective, i would say it's tough to defend it here. it's below the moving averages and breaking its uptrend from the june lows soth not a great chart there from our perspective. >> which sector stands out as a safer spot, energies made a move higher you've noticed here in the last week as crude oil as rebounded. health care is at the top of the market right now would you besiding with some of those defensive groups if we are heading toward a lower period? >> yeah, i think health care, defensive health care is an area that actually we did not like in the end of june because it had been that hideout. if you look at its performance since the june lows, it's one of the worst performing sectors off that bottom largely because everyone is already hiding out in it. i think now if you look at health care, it's resetting itself up and is a bit more attractive but you have to differentiate within health care biotech is certainly more along the lines of kind of th

we had been adding risk back to our portfolios back in june. and a week and a half ago, two weeks ago, we cautioned our clients not to throw money in indiscriminately, not to chase the rally and gave ourself that same advice. i do think this can be an opportunity. if we get some sustained volatility to the downside, i think you want to go in and add to those high quality names run by great management teams who have pricing power you've heard it from everyone, dividend growth, reliable earnings growth, because we will slow down and we think we will be in recession in the first half of next year. so the market is going to shift to the companies that can delivery liable earnings by that, just take a look at palo alto networks they raised guidance and beat o almost every metric. so you want to pick your spots, but there are plenty of others that are going to provide an opportunity. we think this will chop around for some time. >> well, let's hear fed chair jay powell he said this morning in his speech at jackson hole that higher interest rates will

it has been since june, the mid june, the whole of june, the whole of july. and we are the end of august. people are suffering. we've been to a place in colorado, which is the central in the central balloon, on which is on the main. our city highway and not are from the main highway. and when we spoke to the people there, we weren't the 1st ones to deliver help there. how can an organization of such skill and deliver help while the state cannot? i think it's just a matter of mismanagement, and i think they can do a lot better if all their resources and their minds together. still ahead on al jazeera, why school senior reveal new evidence about the military gentle crackdown and will tell you why israel government is now targeting palestinian textbooks. ah, the journey has begun. the b 4 world copies on its way to the castle book, your travel package today. i there, let's give you an update on the flooding situation in pakistan. as we know, the monsoon rains in a bit of a law right now to most of it has petered out, but still some showers for southern sin provi

june teufel dray, is there anything that you would add to that? yes, i believe the speaker from beijing. ers. when he said that this is upsetting status quo, china has been upsetting the status quo and the child straight for quite some time . now with a lot of docket is actions and talks about time cables for unification or state persistence, corn reification. even though taiwan has never been part of the bus republic of china, and i was a paul at the, at the effort to write history here. quatro new who has a spokeswoman for the chinese foreign ministry saying that taiwan has always been a province of china. this is simply not true, it was declared a province in chief dynasty for less than 10 years, less than 10 years. one job japan took it over and made it a colony of japan. lying about the couch is not going to help shoot the situation. so i think pelosi is that it was designed as been was saying do as a show of support because against china is trying to change the status quo. why just before we move on, mr. i what, why does taiwan meta so much

in late june. the tiny spanish exclaims of maleah and filter are the european union's only land borders with africa, making them a focus for migrants and refugees. a correspondent young phillip shots, travel to morocco to see what was going on. you may find some of the images at the start of his report disturbing. ah, moroccan border guards round up and attack people trying to get over the fence. that violence and content in a situation with no solution for either side. it's difficult to tell who is alive and who might be dead. a troon was there that day that he'd you even in the floor. the heat is home. you know, after you knock out, you know, if you don't know anything, you come move they, they will leave you. if you can move there, will he to tell you, you can move. we meet a troon in the derelict school in casablanca, where he's been living. he level serious accusations against the spanish police. he says he had already reached european territory where he was seeking asylum, but he maintains th

in a level several spanish cities saw protests after the unrest on june 24. the interior minister now has to testified before the european parliament, but the prime minister pedro sanchez has praised the security forces on both sides . back in morocco, a true remains. undeterred, he's already tried 10 times to get into spain, and he's ready for attempt number 11. let's discuss this with daphne partner your title suzanne senior act advocate for europe. refugees international to joins us from washington dc. welcome to d. w. can we start with your reactions to the allegations of brutality by spanish police and that spanish american police work together to illegally push migrants back across the border? well, certainly these are just horrific images that we've seen and coming from the attempt in june to cross the border. and it really just enforces how policies of external, like island procedures and closing borders and militarized borders. really just has tremendous human costs for people who are simply seeking protection and are denied the ability to do so. by

they're collecting additional information that they didn't have in june for before june. they get one shot. they wanted to get into that house. search warrant, so no lawyers are around, the president is not around. nobody can get in their way and go through everything and anything they want. if they knew specifically what documents they wanted, then they should have asked for it and they would have gotten it. there's no way to stop them. even if the documents are declassified. we're wasting a lot of time on this. declassified or not declassified, if you're assertion that those documents belong to the government, documents that are not classified, that were created by the government, also belonged to the government. the vast majority of material the government has isn't classified. it's not skip material. this is all a pretext. this is all b.s. so if there's stuff that they knew was in mar-a-largo, you walk down to that courthouse, 24 hours after you were there in june and make your case to the judge and say holy macrol, there's nuclear information in there. the u.s. attor

the low level of june is 3636. that is 10% low from here.est the june lows. this has been pretty ugly and i do think this is a crisis in confidence right now win investors. charles: what are you doing then, ken? you've been through these scenarios before, what are you doing, what are you telling investors? >> so i like the go long microsoft, beat estimates, raised guidance, buying back stock, raising dividends, getting upgrades, short something like meta, facebook, keep missing numbers, lowering guidance. for a time there they rifled our information, stole information, sold third parties. that game is over with. apple shut that down. they pivoted to the meta verse. tens of billions of dollars investment. they will not see return of capital. that is little niche. i would pair trade, long microsoft, short facebook if you want to play the tech pairs. charles: ken, appreciate it. thank you so much, my man. >> thank you. charles: folks, coming up lots of responses to you from yesterday's takeaway about dream jobs. young americans not dreaming any