rbc made eight changes to the 2022 best ideas.r names in and four others getting the hook these stocks they call high conviction long-term ideas first, the names off the list. amazon out twilio is out. here is what is being added to rbc's best ideas utility company aes. american tower rbc thinks will get a boost from 5g tower construction. third stock? lonza group. switzerland life sciences company. the ticker is lazgr. and then veeva systems they like software sold to the life sciences industry which is more safe and defensive in nature four names for you at rbc adding to the best ideas list it doesn't mean they guaranteed to be winners. nothing is if you are looking for some new ideas, there you go. random and hopefully profitable. >>> okay let's bring in our next guest which is degas wright. founder and ceo. in the commercial break, degas, i asked jason, did degas pick veeva systems because of the rbi? he said no it was coincidence veeva is one of the picks you brought today. how about that >> brian, spot-on. we like what peter

droid cassidy of rbc capital markets. -- gerard cassidy of rbc capital markets.om: let's go to the press conferences. they have two press conferences, both equally important. jonathan: earnings calls. tom: excuse me. but they are going to be more interesting than normal is jonathan: how i would put it. jonathan:--how i would put it. jonathan: but that last question is what we want to see answered, it's good having the chat about the hurricane on the rise in, we want to know what's going on with the business, lending, and we have heard from banks repeatedly that is decent. lisa: and how to expand in lending at a time when you are worried about consumer credit or corporate credit in the recession? how do you expand the revenue basis of the nuts and bolts of what you do if you do not have that faith that the hurricane is coming? if the indication that investment banking and dealmaking will be slower, trading will try to plug some of that gap, but loan creation is my question. how much can they capitalize on higher rates, it is not economic for them considering the f

radio freedom from daughters open russia khodorkovsky tape.ru echo of moscow tv channel rain insider rbcovaya gazeta jellyfish through navalny's information networks and through the ukrainian media already leonid gozman, when writing an article about what happened, writes, for example, in an article about an airplane. seven points of these, two points. why is he writing about the plane canceling the may ninth parade? cancel the parade on may 9 at least kind, do what people are more important to you than senseless show-offs. that is, we understand that any news , be it a plane crash or, uh, unfortunate rocket takeoff. in any case, directed immediately to things like the victory parade to things like the immortal regiment for things like mass wreath-laying on my unknown soldier. why is this so special? well, how does this prevent mr. gozman and other opposition forces that this is happening? consolidation, if we see the parade on may 9, we feel the power of pride that we have such an army that can protect us. if, god forbid, you have to defend it, or is it the immortal floor, when people g

ukraine reports even rbc ukraine reports about this oleg supplement yes, interesting comments on theoutube, where the locals are good-natured, but remind that mariupol is peter's twin brother and that this situation is typical for our northern capital. and that the rain is not so bad. yes for any region. it seems to me that there is a lot of precipitation. uh, actually collapses yes, here are the latest events in the south, given that a huge number of bay streets and cities were also flooded there, and in sochi it was enough. it is difficult for the river to overflow its banks on june 22, if we remember, last year in the crimea in my opinion, there were also quite heavy showers and yalta was heavily drowned and cars were washed away. yes, and lazarevskoye is also the krasnodar territory, well, it happens everywhere. but if someone can be blamed for the rain, well, actually, then you know, then it somehow doesn’t beat, because the ukrainians are gods, descended from heaven, and they are responsible for the rain, after all, russians. well , how, how, well, then it is worth drawing cert

tom: amy wu silverman of rbc, thank you very much.are breaking down your views on tech and the broader markets as well. the u.s. president joe biden has tested positive for covid-19. that line coming from the white house. presumably, he has had at least three shots at this stage paid what is your take on this? alix: i'm thinking someone is getting paxlovid. 1.5 years ago, it would have been a different area, considering he is in the older population, but with paxlovid now another option, it feels like they could be much more contained you're looking at the s&p down by about their .5%. that rigging is from the white house, u.s. president biden has tested positive for covid-19. this is bloomberg. ♪ alix: let's get back to that breaking news. president biden contracting covid-19 p he is currently on paxlovid. ann in d.c. what we know so far? annmarie: well i know from the press secretary that the president tested positive for cover 19. he was in israel, shaking a lot of hands, then in the kingdom of saudi arabia he was supposed to be in

there was perhaps a sigh of relief as russia resumed some gas flows, but rbc among those noting that remains president putin's weapon of choice and cuts could be coming. shares of schlumberger up 4% revenue jumped 20% year over year and the company raised its outlook amid drilling activity kelly? >> and a 4% dwayne ingain in th tells you it wasn't totally priced in. my next guest isn't throwing in the towel. he's sticking in with the 14% rally and it's all of the bears making him so bullish these days let's bring in art hogan chief market strategist at b. riley wealth art, are we in capitulation? >> we have peaks here and i think we have peak pessimism and that reflected itself in the conference board and the consumer confidence and certainly in the bank of america's report earlier in the week talking about positioning and pessimism in the market and when you match that peak with peak inflation having rolled over we talked about energy in the last segment and we certainly have seen that in lumber, industrial metals, and all of that sort of plays into a position that likely happens at

public private investment to enter at the municipal level submitted consideration to the state duma, rbcforms about this format in the country is already quite popular at the federal level , 30 joint projects are currently being implemented. in the field high technologies for a total amount of about 274 billion rubles. moreover, most of over 268 billion is the money of private investors. however, in the legislation for municipalities. there are a number of points that need to be clarified. the amendments relate mainly to rights and intellectual property, as well as the possibility of using hardware and software. the eu high representative believes that european countries will stop buying gas from russia, he made such a statement speaking on a spanish tv channel while jose barrel recognized europe's too high energy dependence on our country, therefore, first in the eu, in his opinion, they will stop buying coal, then oil, and for gas, i remind you that longer periods will be required. now european countries are actively looking for ways to save energy, including by lowering the heating te

colleagues, please, margarita margarita mordovina rbc i will have a question regarding the ncc.nd in june, when we came under sanctions, you proactively recommended that banks reduce their foreign currency positions in the ncc did the banks follow these recommendations, how much their foreign exchange positions decreased over this month after the recommendation, and, in principle, the open foreign exchange position of banks has somehow changed. after we activated devaltization. thank you we see the bank of russia sees positive dynamics in the process of reducing e, the value of foreign currency balances in ncc nsd's accounts, mm and hmm in the banking sector as a whole. uh, we have a long open currency position. she has grown a little for the last month, but she is smaller than in march. why is this happening, but because uh hmm the daglutization of liabilities is going on much faster than the privatization of assets, yes, that is, if you have long-term foreign currency loans and so on, a lot of work is required here, perhaps in terms of conversion into ruble assets, but in any

this year, it grew by more than 70 percent, and sales by almost 200 such statistics are given by the rbce in this second-hand store is american vintage . you won’t find chanel louis vuitton or gucci here. but there are many other brands and relatives. everyone who was born and raised in the soviet era. well, at least all in one say the form went. yep, everyone's shoes are different. yes, that's where the man comes. there in pooh cougars or in adidas, yes, and this and that so to speak. well, it means there, uh, you look, yes, and in general, you begin to envy. yes, it is clear that they are there. well, then i didn’t go to the store and bought it. yes, and in general, since then you know this, here is the eagle, this uh brand. he actually specifically with me e. such has some kind of mythical, but it is already at the subconscious level there, you know childhood trauma. alexey came here somehow on occasion for company with a friend, therefore, one and on a regular basis a couple of times a month, and since the spring of this year it has been purchased. only here is such a warning that se

he gave an interview to rbc of ukraine and told how and when the war will end, let's listen to the yearet's put it this way, the state in which active hostilities will decrease enough will decrease enough, but it will not be the end. you must understand what i am saying correctly. the year 91 will be the end of this whole adventure. what has russia done? when can this happen, what will it take next year i think so, that is, kyrylo budanov says that next year we can enter the borders of 1991, the question here is whether the world is ready to support ukraine in order for ukraine to enter the borders of 1991, the time frame is quite short, why i am asking this because it of course, armaments are of course finances, of course military aid is more than we have now, how is the world set up, you communicate with diplomats of different countries, what they say about what is happening in our country and about the prospects of ending the war, now there are two lines, one conditional can be called the line of peace and second, the line of justice, the line of peace is the pope said he would go to

arose in russia in place of mcdonald 's, they told why their prices increased in an interview with rbcv channel agent director of the network oleg poroev explained that prices rose less than those of competitors, and imitation itself is associated with an increase in purchase prices. oleg poroev also announced that soon in the menu will appear analogues of mcflury big mac and helpive according to him, the difficulty with playback. yes, with the reproduction of the big mac, it arose because of the original sauce, it will be replaced with an analogue, and how oleg poroev what will turn out according to the taste will practically not differ from the classics, as for mcflurry ice cream, there is another problem for its production. as oleg said, sometimes mcdonald's uses a patented technology, flung will also replace it, and here it also hopes that the consumer will not notice the difference. we are talking about delivery; they are going to launch it at the end of august at the beginning of september. ilya in economics. all thanks did not say life economic review. in yamal, one of the large

she's also head of commoditiy strategy rbc markets.ima croft, a real pleasure having you on my show. thanks for your time. helima, let's start with this. with russian oil and gas dwindling and more sanctions on the way, is the rise in prices, is it a necessary cost of the sanctions? well, i mean, ithink this is an interesting question about what is the cost that the west is willing to pay for supporting ukraine? now what is interesting is that the major sanctions on russian energy have not hit yet. those will be coming into effect in december. so the key question is really going to be, how much further do prices rise from here, when we start to see potentially significant russian export disruptions? on that point then, we know europe is banning russian oil delivered from the sea and some by pipeline. it's also going to ban insurance companies from ensuring shipments of russian oil anywhere on the planet. lordy, i mean, what is the potential impact of all of that? i mean, i think the insurance sanctions are far more significant than man

russian aggression, american retired brigadier general mark arnold told about this in an interview with rbckraine, according to him, it is likely that the nato countries of latvia, lithuania and estonia are threatened by russian aggression , it will start slowly, that is, cyber attacks of political interference with the help of information operations with tried to incite civil wars in western countries, the ex-general believes that nato can avoid this by continuing to isolate russia by obtaining democratic systems of the alliance with strengthening its military means of restraining the people's deputy, the collaborator oleksiy kovalev , was declared wanted by the court in absentia, the court chose him as a preventive measure of detention without the alternative of bail, the state bureau of investigation reported that kovalev is in the occupied kherson region after the full-scale invasion, he assumed the position of deputy head of the illegally created equatorial government of people's deputies was elected to the verkhovna rada from the servant of the people party in may, he was expelled fro

he gave an interview to the rbc of ukraine and told how and when the war is over, let's listen to the let's say that the state in which active hostilities will decrease enough will decrease enough, but it won't be the end, you have to understand what i'm saying. well, this is a way out, but it can happen in 1991, this will be the end of this whole adventure. what did russia do? when can it happen, what will it take next year, i think so, that is, kyrylo bohdana says that next year we can go to the borders of 1991, here is the question is the world ready to support ukraine in order for ukraine to enter the borders of 1991 in a fairly short period of time, and why am i asking about this, because of course it is armaments, it is of course finances, it is of course military aid that is greater than what we have now, how is the world prepared you talk to the diplomats of different countries, what do they say about what is happening in our country and about the prospects for the end of the war, now there are two lines, one conditional can be called the line of peace, and the second - the li

russians who now want to get schengen visas may face queues a month and a half long, as rbc was toldgencies in the visa centers of france and greece, for example, there are no more vacancies for july. the center offers only 500-600 seats per day, and is not divided into centers throughout russia, and as a result, about 300 seats get in moscow. and this is very little france visa application center advise tourists to periodically visit the site during business hours and to check if there are empty seats, the chairman of the board of directors of the vip-service tour company, dmitry gurin, explains what is happening in demand after the lifting of covid restrictions. even despite the fact that there is no direct air connection between russia and europe, and on the other hand , there are not enough staff in visa centers, as they add in travel agencies, for example, at the end of june, russia, as reported in response to hostile ones, sent eight greek diplomats to the russian market shares quickly abandoned the growth that showed at the start of trading. yes oil is now trembling by 1.5-2 d

towards of rbc lengthy spells of sunshine, temperatures are likely to climb to 30 or 31.cotland where the winds will also pick up. gales are likely to develop a crush at them. a few showers elsewhere and areas of low cloud, mist and murkier and there. quite a warm and muggy night. lows between 14 and i8 night. lows between 14 and 18 degrees. low pressure is with us as we start the new working week. fairly brisk winds on the western flank and particularly in northern scotland where we maintain the risk of gales. a band of shabbily rain sinking southwards across scotland and down into northern england. that could be accompanied by thunder and lightning. a few showers elsewhere. large amounts of cloud but there will be some sunny spells. it does remain quite windy. the gas will be stronger than that the far north but with those winds coming down from the north, or the north—west, it will be a cooler day particularly in northern scotland. 25 across parts of eastern england and as we go deeper into the weak, low pressure swings away. high pressure builds in from the south—west

president of the national association of stock market participants alexei timofeev in an interview with rbc. he said the outlook for the russian economy is uncertain and that the central bank is cutting retail investors' choice. it hardly reduces the risks for them. misha is everything about the economy, right? thank you. denis denis talalaev with an economic review. italian prime minister mario dragisa resigned after the second attempt. and already accepted the president's office statement said that the government dredge. as long as he continues to fulfill his current duties. today, speaking in the parliament of the deputies of the italian parliament. draghi asked to suspend the meeting and went to the president to reaffirm his intention to leave the day before, the senators supported the resolution of confidence in the council of ministers, but at the same time it became clear that the coalitions uniting the leading parties in italy essentially no longer existed, and this was the reason why which dredge collected let me remind you of my resignation on july 14 a week earlier on july 7, bri

euros, 57 60 russians who now want to get schengen visas may face queues a month and a half long, as rbcd by travel agencies in the visa centers of france and greece for july, there were no empty seats left. and about the situation with visas to spain travel agency ceo. yes, the tour with lily and the artist says that the spanish visa center offers only 500-600 places per day, they are divided into centers throughout russia, as a result, about 300 places get in moscow. and it's a very small visa center. france is advised to tourists periodically go to the site during business hours and check if there are any free places chairman of the board of directors of the travel company wil. d servam after the abolition of covid restrictions, there are not enough characters in the visa centers, as travel agencies are added, for example, at the end of june, russia, as reported in response to unfriendly actions, expelled eight greek diplomats el a in the economy, so far, thanks to marina marina pimenova with an economic review. the russians began to actively borrow funds for the construction of priva

it will not be available until the autumn, and here the company's general director oleg poroev told rbche largest producers of french fries refused to supply it to russia. he notes that on imported potatoes at mcdonald's accounted for only 15%. the remaining 85% were russian-made, but there is another problem, according to the director of delicious point. this harvest year, russia lacks precisely those varieties that are used for the production of french fries. the ministry of agriculture answered this a week ago that they say the russian market is fully provided with potatoes, including processed ones, but oleg poroev says it’s not enough to grow potatoes, you need to store them properly, and with this in russia, a quote dima has certain difficulties on this i have a point thanks to marina pimenova with business news. in the krasnoyarsk territory, the first stage of drilling a deep well has been successfully completed; in the future, the drill should go down to a mark of 5.5 km. the goal of finding new promising mineral deposits is similar to that of a crewed research vessel currently

happened according to the results of march july, the statistics of the app magic service are cited by rbcor the first 3 weeks of july, more than 12 million vpns were installed in russia in russia. according to the google trends service, the peak of the popularity of search queries with the word vpn occurred in russia in the third week of march. this is easy to explain from 4. the map in russia has been blocked by the social network facebook since march 14 instagram and on march 21, meta, the company that owns them, was recognized as extremist in russia and banned. roskomnadzor began to decisively block vpn services back in the twenty-first year, but the ming figures assure the punishment for using vpn in russia will not be introduced in the fact that he uses such a service admitted even the presidential press secretary dmitry peskov dima in the economy. so far , thanks to marina pimenova with business news. in russia, the number of self-employed is growing rapidly, there are already more than 5 million of them. appeared, among other things, thanks to social contracts, the state allocates

print on them less information about the product and for the shortage of paper and ink, according to rbcminister victoria abramchenko has already instructed the department to work out standards that determine the area of ​​the label on a cardboard package, and also, as they said in the association of the russian soyuz , to analyze. as far as the data on the packaging is relevant for buyers, as noted in the organization of the allied drinks, the amount of mandatory data on the label is now established by those regulations, it is common for the countries of the european economic union. and if certain information is not applied, the goods cannot be put into circulation. problems with a lack of packaging began due to sanctions and disruption of logistics at the end of march, the russian plant of the swedish company tetrapak suspended the production of 2-liter wine and beverage packages. some companies have started to produce juices in the package most of which has become white, and breweries. beth efes refused the collar labels on dima's neck about the economy. so far, thanks to marina pimen

rbc capital talks about 11.5 million barrels per day. if you combine the uae and saudi arabia, maybe 3 million barrels per day. the best you can get is a pledge. that is capacity. you don't mess around with the reserves of the central bank. the price starts moving aggressively to the upside. that and diplomatic activity including security will be some of the highlights. dani: thank you very much. to the banking sector. morgan stanley plummeted last quarter. capital market seized up. jp morgan extended share buybacks after reporting a miss on second court revenue. the two ceos sounded upbeat about the economic outlook. >> there's a range of potential outcomes, from a soft landing to a hard landing, driven by how much rates go up. the effect of volatile markets. it isn't going to change how we run the company. we've managed through recesses before and i'm comfortable we will do it while. >> we are frankly guessing at this stage. i think it's unlikely to be a deep and dramatic procession in the u.s.. the environment is very complicated. bou

this year, it grew by more than 70 percent, and sales by almost 200 such statistics are given by the rbcn this second-hand store is american vintage . you won’t find chanel louis vuitton or gucci here. but there are many other brands and relatives. everyone who was born and raised in the soviet era. well, at least all in one so to speak walked in the form. yep, everyone's shoes are different. yes , that's where the man comes. there in pooh cougars or in adidas, yes, and this and that. well, it means there, uh, you look, yes, and so you start to envy. yes , it is clear that they are there. well, then i didn’t go to the store, i did n’t buy it, yes, and in general, since then you know this one, here is the eagle, this uh brand. he actually specifically with me, e. such has some kind of mythical meaning, but this is already at the subconscious level there, you know childhood trauma. aleksey came here once on occasion for the company of a friend, then already one and on a regular basis a couple of times a month, and since the spring of this year it has been purchased. only here is such a war

amanda: it rbc has the largest impact directly on providers of telehealth abortions. seen increase in demand as well as increased risk and liabilities as a result of that decision. when you think about the broader impact, it has the potential to make employment and investment more or less appealing in any number of states. if you are an office in miami, in our survey we found that nearly half of gen z women were somewhat or very unlikely to take a job in a state that had restricted abortion rights. that number was 30% for men. if you're an employer and you looking at potentially 40% of your future workforce not wanting to work in your state, it doesn't matter where you stand on the political divide, that's just a business decision. further impact is we will see brother moves toward work from home policies. companies that can optimize that workforce will continue to have advantages. emily: how is all this infecting where you as an investor put your money? amanda: we are focused on a concept we call the wellness cap. gdp per capita has gone up and to the right, consumer

thomas per sally will join us -- tom porcelli will join us with rbc capital markets.ead on the screen. stay with us. ♪ how will your business adapt to change? you could hire an office full of peyton mannings. what's up, peyton? good morning, peyton. hold for peyton. they'd huddle.... welcome to the peytonverse. such a visionary. game plan... you go. no, you go! and call audibles... double our investment in omaha! omaha! omaha! omaha! or you could use workday. omaha. the finance, hr and planning system used by over half of the fortune 500. for a be-agile-like-an-mvp world. workday. for a changing world. millions have made the switch from the big three to xfinity mobile. that means millions are saving hundreds a year on their wireless bill. and all of those millions are on the nation's most reliable 5g network, with the carrier rated #1 in customer satisfaction. that's a whole lot of happy campers out there. and it's never too late to join them. get unlimited data with 5g included for just $30 a line per month when you get 4 lines. switch to xfinity mobile today. tom: b

much easier public-private investments to enter at the municipal level submitted to the state duma, rbct this this format is already quite popular in the country at the federal level , 30 joint projects are now being implemented. in the field of high technologies, for a total amount of about 270 four billion rubles, and most of the more than 268 billion is the money of private investors. however, in the legislation for municipalities there are a number of ambiguous points that need to be clarified. the amendments relate mainly to the rights and intellectual property, as well as the possibility of using hardware and software. with transit through the baltic states to kaliningrad, difficulties may again arise due to the lithuanian shaul and the bank, the organization accepted payment for rail transportation from russian counterparties. now the banks have announced that they will soon stop working with russia , the governor of the kaliningrad region, anton alikhanov , doubted that the lithuanians would let the trains pass for free. the territory of the baltic states was resumed on july 26.

always on point, amy wu silverman of rbc we know you've got a hundred things to do thanks for gettingth us, amy. take care. >> thank you. >>> if you haven't heard, the federal reserve is going to raise rates later on today breaking news. but will they go bigger? will they go a full percentage point to tackle inflation? as we head to break, some top headlines happening now. a texas jury finding charter communications liable for $7 billion in punitive damages in connection to the 2019 murder of a customer, the jury finding the cable company responsible for one of its employees who robbed and killed the customer. meanwhile lufthansa with talks of going on a labor strike, threatening to cancel 1,000 flights, adding to existing travel headaches go see my twitter feed if you want to know whey i'm talking about. >>> and the consumer watchdog saying buy now, pay later fully on their radar his agency will take a careful look at apple and others moving into its space the agency will publish a new report on buy now, pay later this fall. a government never has seen an industry they didn't want to

jonathan: the global head of fx strategy at rbc. we are one minute away from an ecb rate decision. futures are negative 0.1% on the s&p 500. euro-dollar, 1.0198. tk, the decision is 50 seconds away. tom: there is some real anticipation across the screen. all in all, dollar strength off a weaker em, but japan is the ecb is the focus. jonathan: to delete going into this, prime minister mario draghi resigning. kailey: substantially higher relative to the german bund. we are looking at a boon spread around 225 basis points. talk about fragmentation. jonathan: the wide of the year, 240 basis points. the decision is about to drop on rates. that we will look for clues on this anti-fragmentation talk. no idea whether that we get that now or later. the news conference, 8:45. rates were expected to come in 25 basis points higher. it is a coin flip according to market pricing whether it would be 25 or 50. the decision coming out a little bit later. we are higher by 50 basis points. a move of 50 basis points. that is your rate hike, not 25. you have to go all way back to 2011 for a rate hike o

arose in russia in the place of mcdonald's told why their prices have increased in an interview with rbcnel agent director of the network oleg poroev said that prices have increased slightly and that competitors have increased more, and imitation itself is associated with an increase in purchase prices. heppila according to him, the difficulties with reproducing the big mac arose because of the original sauce. it will be replaced with an analog. as oleg poroev assures, what will turn out to taste will practically not differ from the classics, as for mcflury ice cream there, another problem for its production, as oleg poroev said, mcdonald's uses the patented flung technology will also replace it, it also hopes that consumers will not notice the difference, and the delivery of a delicious point is going to be launched in late august and early september. i'm talking about economics. all thanks to denis valaev with an economic review. obstacle to the export of grain and sports of odessa no this was announced today by minister of foreign affairs sergey lavrov during a joint press conference

we caught up with lori calvasina of rbc, who goes from 4700 down to 4200 get -- down to 4200 get i wantlk about the tension between hawkish central banks and weaker economic data and took about a two-year in america. thursday that two-year came in 25 basis points, and that pmi on friday was pretty bad. we bounce back just to basis points to 2.9 9% on the two-year in america -- basis points to 2.9% on the two-year in america. the output numbers keep coming in. euro doing ok with hawkish central bank speak may supporting things for now, but the data come of the pmi's last week, this morning the evo index , which is basically german business confidence, sinking. tom: our american audience really doesn't care, but german yields with a vengeance have come in. i look at the swiss 20 year, which came in with strong swiss franc, so it is a movable feast in europe, and i would suggest more movable right now, more dynamic than what we see in america. jonathan: for the multinationals we've got to care, earnings and fx. tom: fx is tangible. no question about that. let us get a handle on where we ar

let's talk about this with helima croft of rbc capital markets and cnbc contributor and somebody whows more about this than anybody in the world helima, thank you for getting up early for us i know the administration is trying to tamp down the oil -- it is not about oil -- it's about oil. how much about oil is this meeting, helima? >> this energy crisis is the catalyst the administration is saying it is a reset it is about issues like yemen and iran and potential normalization of israel. they are taking a niflight from israel the issue is on energy i would think not just about additional barrels on the market, but they are going to need help come december when the european embargo of russian oil kicks in they need to have this game of musical barrels. it is trying to get a price cap plan worked to still send russian barrels to asia, but discounted middle eastern barrels going to europe they need barrels and barrels to move to europe to make the russian sanctions and price cap plan work. >> and that is so key. december 5th is the day the full sanctions kick in. this is going to be suc

in a number russian regions have disappeared from the sale of popular models of samsung smartphones, rbcthis by participants in the telecommunications market tatyana skokova from the distributor merlion, samsung itself explains that it stopped supplying equipment to russia in early march, and parallel imports were in full force until the retailers themselves earned. if they talk about the shortage, they call it small, but the performers are the director of another distributor of the diohouse company. andrey tarasov believes that he is a real shortage of electronics will start in september-october denis kuskov, general director of the telekom dele agency, explains the situation as large distributors fear that if they start to engage in parallel imports, then in the future foreign manufacturers will. they just refuse to work with them. and one more of the pieces adds that the mechanism of parallel imports cannot yet provide the entire russian market. ilya about the economy thank you all denis allah with an economic review. vladimir putin today held an operational meeting in the kremlin wit

humanitarian affairs martin grefetz, and secretary general of the un conference on trade and development rbc grisman. added western countries did not give a guarantee that they would not interfere with the export of russian grain and fertilizer washington approved the deal, but promised to closely monitor its implementation with details. maria skorodilka sensation. and this is how the western media called the lighthouse of hope the deal that the russian defense minister signed in istanbul with the secretary general. he , as stated by antonio guterish agreement on grain exports an unprecedented step that could save the world from starvation an initiative we just signed paves the way for significant commercial food exports from three key odessa ports on the black sea odessa black sea and south and only the united states, quite expectedly , the events they tried to notice i am in the white house announced the completion of the deal in washington , but the main landmark of the united states is now ukraine , the pentagon announced that the united states will send another $ 175 million to ukraine,

for permission from the authorities to reduce the size of the labels and print less text on them, as rbcputy prime minister victoria abramchenko has already instructed the department to work out the issue in the union of producers and juices of water and beverages, they said that now the volume of mandatory data on the label is set by those regulations. it is common for the countries of the eurasian economic union; moreover, some data have their own requirements. for example, font size requirements for the release date, packaging problems for russian companies began due to sanctions and disruption of logistics at the end of march. the russian plant of the swedish company tetrack has suspended the production of 2-liter wine and beverage packages. because some components were not found in russia, and bring from abroad it is impossible, but companies are already trying to solve the problem with packaging without waiting for the authorities to allow them to reduce the labels. some juice producers they got up to pour them in predominantly white packaging, so that with paint a, the abe indef e

of the labels and print less text on them, as deputy prime minister victoria abramchenko writes to rbc and the results should be known before july 22, the union of producers of juices, water and drinks said that now the volumes of mandatory data on the label are set by those regulations, it is common for the countries of the eurasian economic union, moreover, there are some requirements for some data. for example, there are requirements for the font size for the date of releases, problems with packaging, and russian companies started due to sanctions and violations of logistics at the end of march, the russian plant of the swedish company tetra pack suspended the production of packaging for wine and drinks with a volume of 2 liters. because some components were not found in russia, and it is impossible to carry out from abroad , but the company does not even wait. while the authorities will allow to reduce the size of the labels, some manufacturers are already trying with might and main to solve the problems with packaging. some manufacturers have started pouring them in predominantly

originated in russia in place of mcdonald's told why their prices increased in an interview with the rbc oleg poroev, said that prices at tasty dots increased a little and that competitors grew stronger, and imitation itself is associated with an increase purchase prices also oleg poroev announced that analogues of big mac mcflury and hela will soon appear on the menu. analog. as oleg poroev assures, what will turn out to taste will practically not differ from the classics, as for mcflury ice cream there, another problem for its production, as oleg poroev said, mcdonald's uses a patented technology, flung. she gets noticed too. here, too, he hopes that consumers will not notice the difference, and the delivery of a delicious point is going to be launched at the end of august at the beginning of september. presented an economic overview of the day today public services opened the acceptance of applications for voters who want to vote remotely in the elections on september 11 on the single voting day this year, residents of kaliningrad kaluga kursk novgorod pskov tomsk and yaroslavl region

cryptocurrencies and his big stake in robinhood let's get more on the markets and bring in lori from rbc capital markets who just lord h lowered her s&p 500 price target you joined your counterparts in terms of lowering your estimates for the s&p for the year and next year and lowering your targets. what was behind the move finally? >> look, i think we were surprised how far markets broke to the downside earlier. we thought we would stick in this growth scare range but unfortunately this last batch of fed actions took the market down a notch lower and brought recession onto the table we needed to do some hard thinking about what the earnings outlook would look like. we did make a pretty sizeable move on our earnings forecast for next year. i'd say we're significantly below consensus right now in terms of those earnings forecasts, but we do think that stocks are still a buy in here we think the bottoming process has started. i don't have absolute conviction that we've already seen it in june, i think it's possible. but i like seeing a little red on the screen today. as we looked back over

during the march 2020 covid selloff, so is it time to buy disney joining me now, the media analyst at rbcapital markets and a disney bear, doug croitz senior analyst at cowen. apologies for having to call you the bear here, but neutral is about the best we can do, and the stock speaks for itself. what is the upside on disney, and why do you think the stock has been lagging so much >> yeah, of course, thanks for having me, and cleary, you know, softer than expected results from netflix last quarter have continued to weigh on sentiment on streaming stocks overall as investors questioned the long-term attractiveness or even viability of the streaming video business model, and this clearly hits disney who has gone all in on its streaming efforts that being said, i think it's important to keep in mind that disney plus is at a far different stage of its growth profile than netflix think about consensus estimates having netflix growing revenue at about 5% through 2025, but about 20% for disney's direct consumer portfolio disney plus is still expanding globally it's still ramping its content port

fallout from the saudi trip, let's bring in managing director and global head of commodity strategy at rbc cnbc con contributor some of the early reporting doesn't look too promising what are your thoughts >> i think it was always going to be hard to get a commitment from the saudis to ramp up production significantly i think that opec would always be the forum for which the saudis would do some type of incremental increase over the remainder of the year. the opec+ agreement actually extends through december, so all the stakes have been raised for that august 3 opec meeting to see if we'll actually get additional barrels out of the few remaining members that have spare supply >> so if we're not going to get anything out of the trip, why embark on it >> the team is saying that it is about a reset in the relationship, about america's place in the region. they will point to the fact that you had a direct flight from israel to saudi arabia, potential signs of improving relations with those two countries. but this is the price that biden needed to pay to potentially get additional barrels so if

the street continues to turn more bullish in that space as well feels like everybody likes it, rob, rbc it, i've had conversations here and in overtime, what sectors, health care, what do you like, health care what sector is the best to be in, health care. you have it as your largest overweight as well >> yes, this is the classic shift to late cycle defensives as inflation peaks the other thing about health care, it's the cheapest of the defensive, trade at 18 times versus utilities and staples, 21 times. so is it too crowded probably not yet we own a lot of blue chips, pfizer, lilly, one of the picks was regeneron. so it's health care and energy that we love i think you can still own the sector we also own unh. a lot of high quality counter cyclical companies in this space and if we're playing defense, which i think you probably know we are >> yeah. >> that's the place to be. >> most people are trying to play defense one of the least down s&p sectors this year, falling 8%, jason, josh mentioned united health the strength today, beat and raise, that's your stock >> yeah. unh, man it's d

into a terrible reality for them, as a result , winter may come to europe, the general director of rbcs, croft stated, and despite the fact that discontent in europe is already brewing across the continent, a wave has swept, strikes inflation and the cost of living continue inexorably russia's people elementary can not cope with a similar time in the near future in europe due to lack of energy resources. they may even begin. between the strife warned the deputy chairman of the european commission franz timmermans. the worst scenario for europe is when people have to choose to buy food or heat their homes in winter, summed up the director of rbc capital markets, healy macroft. mikhail, firstly, that with the turbine of our long-suffering she goes like this, and to restore operation of nord stream or not. and what about the rest of the turbines? did the scholz manage to agree on something with difficulty or with the biden or with the trudeau what happens through the biden? hello eugene regarding the turbine and the information here in general, from open sources is that the turbine. yes,

is when people have to choose to buy food or heat their homes in winter, summed up the director of rbc marathon of non-commissioned officer widows, the most terrible energy nightmare of europe becomes a reality write those people who wanted to arrange for us the most terrible, not only energy, but also political bloody nightmare. we failed to stumble, of course, it will be very difficult for us too, because you are talking about an imbalance in economy. we also have an imbalance. you said economics. and although we, of course, have a trade surplus. we sell much more than we buy in certain cases. it's good. in our case, this is already becoming a problem, because to buy for these euros and dollars. we can do little. at this stage, this problem has to be solved, and of course, the decision that the path takes, but when creating a new one, such a block will be put up by the prime minister in the form of a mantra that will oversee the industry - this is a big a decision that should turn the tide, because, of course, the third and fourth quarter. and it will be very difficult for us in this

everything from rate decisions, the rbc, the bank of korea, expecting 50 basis points, in case that was not already obvious. the friday numbers out of china, the key risk is 8.8% is u.s. inflation median, but based on how economists have gotten this wrong, it will probably be higher than that. but past performance is not indicative of future performance. rishaad: let's get over to our chief asia economics correspondent. it struck me that ppi comes out the day after the consumer price report, this perhaps presages future inflation, but if it is running hotter than cpi, margin compression will be the watchword for most corporate's. >> the expectation heading into july would be that inflation will be cooling, but we are probably going to see continuing price pressures. the consumer side is expected to reach a new peak. even if you take the view that we are at a peak, how much will they come up and over what time frame? more work has to be done by the central bank and eventually that means more pain consumers. the economy in china is not showing the pain, the jobs data was good and there we

you are more than 70 percent, and sales of almost 200 such statistics are given by the publication of rbccan vintage is presented here you will not find chanel louis vuitton or gucci but there are many other brands and close to everyone who was born and raised during the soviet era. well, at least everyone was in the same uniform, so to speak. yep, everyone's shoes are different. yes , that's where the man comes. there are cougars in sneakers, or water further. yes, and this and this so to speak. well , it means there, uh, you look, yes, and so you start to envy. yes, it’s clear that they didn’t go to the store then and bought them. and in general, since then you know this like this, here is the eagle, this uh brand. he actually specifically with me e. such has some kind of mythical, but it is already at the subconscious level there, you know childhood trauma. alexey came here somehow on occasion for the company of a friend, then alone and on a regular basis a couple of times a month, and since the spring of this year he has been buying. only there is such a warning here that second-hand

business decisions and technology, previously it worked in russia under the delloyd brand, according to rbcat, the final price and the format of the transaction will be determined. the central bank has the right to make a decision on the sale of shares before the end of the year. and china continues to sell off us government debt from april to may, and it got rid of american securities for almost $ 20 billion; now beijing owns government bonds for 981 billion. this is the lowest figure in the last 12 years. the trend is clear between countries the trade war does not stop. however , the largest holder of the us national debt behaves in a similar way. japan has cut investment to the lowest since january 2020. now they are a little more than one trillion two hundred billion. this was the news of the economy in a nutshell. it is always interesting how it all begins now you will see everything. manufacturers of good things want and best to check. vladimir putin will host a meeting of participants in the astana format in tehran and bilateral talks with the leaders of iran and turkey have already

isn't really the world's most productive exercise boeing did have positive operating catch flow, and rbcls it encouraging citi, incipient signs of recovery cramer called it an inflection point. >>> still to come, we'll talk to the ceo of chipotle. the company say price hikes have driven profit growths. after the break, we're joined by senator warren with her thoughts on this big fed day. the dow is up 20 this thing, it's making me get an ice bath again. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'm okay. ♪♪ ♪♪ ♪♪ ♪♪ if you have this... and you get this... you could end up with this... unexpected out-of-pocket costs. so if you're on medicare, or soon to be, consider this. an aarp medicare supplement insurance plan from unitedhealthcare. medicare alone doesn't pay for everything. and what it doesn't pay f

in the premarket as well >> joining us now for more on the markets, head of derivative strategy at rbcto get your insight from the derivative side of things, the options side of things maybe you can even help me with the vix. if i'm counting on the vix going to 40, i'm going to be waiting a while, i think, amy, no bottoms until the vix gets into the mid to high 30s, what's the problem? >> yeah, you know, people have been pretty angry with the options market, joe, i think, because they've done a lot of underperformance -- >> cooperating. >> it's not cooperating, right >> and we're of course seeing other leading indicators that they are cooperating, that are more kind of reflecting the concern in the market. one is rate volatility the percentile right now of rates volatility versus vix is kind of at a five-year high, essentially suggesting that rates volatility has moved to elevated levels and we're still seeing kind of a sub 30 vix. i think that as we get into earnings season, that does start to kick start again. that is exactly what happened last earnings season i do think we're in a l

rbc prices are up way from enormously from when he took office and everybody knows it. , the bigger issue he will not encourage our industry to produce it's an outreach he continued to pursue, it's unbelievable to me that he will not prevent on this incredibly important issue. maria: then he lies about it he says there is all of these users out there, they should be drilling more and they have all of these leases, there is a massive freeze on all investing on fossil fuels across the country look at the manager under pressure that they have to have esd, and strategically in terms of our international relations it is a disaster. i cannot speak more emphatically about how this must, must change. maria: we will take a break when we come back we are looking at banks and crypto ubs just reported the stock is plummeting a quick break and crypto hovers around $20000 ahead of today's fed meeting what is ahead of the digital face when we come right back. ♪ throughout history i've observed markets shaped by the intentional and unforeseeable. for investors who can navigate this landscape, leveraging