i'm ambassador richard morningstar, and i'm the founding chairman of the atlantic council global energy center, and formerly ambassador to the european union, among other things. it is my pleasure today to moderate this discussion. the atlantic council eurasia center and global energy center are delighted to welcome you to this event to talk about the richard: are sanctions on russia working? i'm ambassador richard morningstar, and i'm the founding chairman of the atlantic council global energy center, and formerly ambassador to the european union, among other things. it is my pleasure today to moderate this discussion. the atlantic council eurasia center and global energy center are delighted to welcome you to this event to talk about the effect of sanctions implement it on russia's war machine thus far and the prospects for expanding sanctions in the future, particularly on expanding energy sanctions. we have a really distinguished panel today to discuss those measures. i will introduce them now. erik woodhouse, deputy assistant secretary of state for counter threat finance and sancti

i'm ambassador richard morningstar, and i'm the founding chairman of the atlantic council global energy center, and formerly ambassador to the european union, among other things. it is my pleasure today to moderate this discussion. the atlantic council eurasia center and global energy center are delighted to welcome you to this event to talk about the effect of sanctions implement it on russia's war machine thus far and the prospects for expanding sanctions in the future, particularly on expanding energy sanctions. we have a really distinguished panel today to discuss those measures. i will introduce them now. erik woodhouse, deputy assistant secretary of state for counter threat finance and sanctions at the bureau of economic and business affairs at the department of state, has had a career in the private sector as a lawyer, as well as the treasury and the state department. he went to stanford law school, where i went and taught for several years. we also have ambassador alexander surba, t, formerly the ukraine formerly the ukraine ambassador to austria, and now the chief advisor to th

we have the author, "morningstar" chief market strategist david sekara.f great feedback on the segment. many people want to know what is intrinsic value? how do you figure that out? >> we're bottoms-up fundamental analysts here. so when we're looking at a company we're really modeling out really what is that true cash flow that company will be able to generate not just this year or next but really modeling it out far into the future and utilizing that in order to come up with the intrinsic value of that company. charles: so i read your report. although the market is undervalued to the point you made you say tough sledding near term, right? you pointed out four main headwinds, slowing rate of economic growth, tightening monetary policy, inflation running hot, rising interest rates. my question do all of these have to be resolved before the market truly rebounds or can win on or two of them start to be resolved? >> i think one or two can start to be resolved. you mentioned earlier in the program cpi is coming out tomorrow. we'll definitely be watching that

thank you, lorraine tan, director of equity research at morningstar.loomberg tv from our live court -- coverage of the ecb forum in portugal this week. big names from top economists and central bankers about inflation concerns and monetary policy. haidi: let's go to vonnie quinn. vonnie: thank you china central bank has pledged to maintain monetary policy to help the economy recover. the pboc has taken a modest approach to easing this year, refraining from cutting policy interest rates since january. bloomberg has learned china plans to extend trading hours for the yuan. beijing wants to increase inflation and onshore currency trading as part of a push for global insulin. the pboc pledged in may 2 open financial markets. sri lanka is going into virtual lockdown as it limits fuel supply to only essential services such as health and public transport for two weeks. the foreign exchange reserves at a record low, the country is struggling to pay for imports of food, medicine, and fuel. the prime minister warned last week of a complete collapse of the econom

but it, yeah, the morningstar ok -- the mornings are ok for a few hours. a lot of people say they can do one thing a day. mostly, it's brain work. it's when i have to actually think, which is a problem because i think for a living. >> i will give you a 30-second break. is this considered long covid? >> depends on the definition. some of the folks use a month of persistent symptoms and some use two. the w.h.o. uses two. she would not be there yet. in terms of the symptoms, they are pretty classic. the most common symptoms are extreme fatigue and this brain fog. katie's also been having some headaches that are unusual for her. those are all pretty classic symptoms. other people had loss of taste and smell what she has not had but she does not enjoy food the same way that she did. i think the key thing is, you look at her and she looks ok. she is ok. and you would not know she has brain fog in a day-to-day discussion but she is an incredibly high energy and bright person and she will forget a word in a way she never would had before. she never needed to -- hi

doesn't have an ebitda, but it's got a decent amount of revenue morningstar farms. >> people that areying -- >> plant-based foods >> will that be an acquirer or can that be acquired how long >> yep. >> because people want plant based. >> yes. >> and that may bulk up a plant based company. >> it may very well. >> and -- >> that company -- >> the timing now, i mean, i don't know. >> because they're fed up. they had a good quarter. >> yeah. >> the stock was up 5% for the year like many managers they're fed up with a bear market and taking matters into their own hands >> listen to the ceo explain again, why now is the right time for this split. >> right now it's i think the opportune time to do this. we are coming from a position of real strength and great momentum we have completely turned the business around from a top line and a bottom line perspective and we see the next step in unlocking our full potential and unleashing three new companies. >> all right they're unleashing three new companies. it's going to tata while them to be unleashed 18 months. >> that's when -- >> i mean we've

separate possesses, a global food play, a serial play, and a smaller plant-based food business like morningstarms. the market lapped it up. stock was up nearly 6% since the announcement. this is actually pretty good. their snack division in particular is excellent. i think it will be worth a lot more as an independent company. plus, we don't have many good plays on snack food. frito-lay and pepsico peer campbell's soup is joined at the hip to the canned business. it's really her shoes -- of course the kellogg will take some time, and it has a 3.25% yield. how about this one, general mills. these guys have been the best of the breed operators in the packaged food base for a while now. all other players have struggled, this company has been on the march steadily higher since 2018. not in part because general mills has made some very smart moves with its portfolio, like buying a much panned acquisition , blue buffalo. that is the high end pet food brand that my mongrel rescue dogs have confided in me is really good. spoiled brats i say. the whole strategy is paying off. not my dogs strategy, the c

and a third company is going to be created, a pure-play, plant-based food company, including morningstarntially puts all three of these companies into play as acquisition targets. kellogg itself has been the target of takeover speculation over the last decade or some of but it's been a tale of two businesses, the faster-growing snack business and slower cereal business they're going to move the headquarters of the global snack company to chicago from michigan the other two companies will remain in battle creek, michigan nobody at the company will actually to relocate, because chicago's already been a big center, and there are no anticipated layoffs as a result of this split. the ceo will still be the ceo of the global snack companies and the ceos of the other companies are tbd. don't know if they will even keep the kellogg name. the timing of this announcement, guys, guys, is pretty interesting. i'm told it's about taking the growth of the business to the next level and kellogg really wanted to do it from a stature of strength. consumer packaged goods companies have had trouble growing a