it's something jeff bezos has gone after the president and i asked mike wirth about it. most are owned by small businesses, independent family run businesses they own about 5% of them. it doesn't work that way they do track the market so what is the president after here >> i think what the president is after is what we're all focused on, doing everything we can to bring down costs for the american people. that includes making sure the market responds the way it should when you see fundamental price changes, advocating for congress to pass things like prescription drug price reform in order to bring down the price of prescription drugs, it includes releasing energy from the strategic petroleum reserve and what the american people should know, what business owners should know the president will continue to advocate bringing down costs to make sure we continue to have a strong, robust american economy going forward. >> wally adeyemo, thank you for joining me today in reaction to those numbers. deputy secretary >>> take a look at twitter shares taking off today after filing

so much news to discuss,s let's bring in chevron ceo mike wirth. ng here. >> you're welcome, liz. liz: okay. from where you sit what do you think and, your opinion, what is the number one reason that we have seen oil fall from $130 a barrel in march to where it is now? >> well, i think over the prior several months the concerns about inflation, supply tightness and the risks created by the conflict in ukraine created a real anxiety about future supplies, and if that drove prices up. in the last few weeks, i think increasingly we see concerns about a recession, an economic slowdown being much more in the forefront of people's thinking, and i think that would suggest energy demand softens. these markets become more balanced and i think prices reflect that. so the last 30 days we've seen prices come down. i think that's good for the economy, it's good for consumers. i would say, liz, that there are still risks out there. we don't have china fully back. there's a lot of china that's under pandemic restrictions. air travel's not fully back, particularlyl