a couple of them was national natural, us bumps in the such a tang year, new to texas gas. i oper doors or nasha wider, looked at the printer, but it didn't casala slaten which protected them were like, it was like a quote on new to the boy like it will like it community. so last feel scared a she in their policy. his grades are your mom. i was good. thoughts were not throwing away alike yet, the cargo can you go? got dora. no, you let's. she suddenly busied say a lot. you scheduled orders to with machine. yes. 30 a lot. we don't set the oil. you know, the, can you go, stella be or one problem? gum you of julia. i prov, dania garasco. it is but the buckwheat doctor approved lights. he ideally eats somebody me on the cannot see stuff on that there . might you just give me a want to some more stuff with upper does not see stuff over him. your really great . i see just in that you've thrown that over in the machine will not always solve just using the shirt, the premier. oh so why stick grandma cosgra? so that is the unit and you put you in one of my done you lose your nice un

texas gas prices could reach $4 per gallon if every sector of tensions. headlines that will never be read, texas when skyrockets energy respond to u.s./russia tension question rick saudi arabia was biden's plan to increase sunlight as midterms loom. those headlines will not occur we will never invade kuwait in order to rescue wind and sun. fossil fuels are a commodity so the prices vary per these price variations look at we are sprinting or enough gas is $5 a gallon this is causing incredible pain. i fill up my tank for $10.10 last month they'll be $10 next month it's always the same. this variability is extremely economicallyri damaging. ife you are small business owner what is the price of gas going to be in a year? nobody knows. how do you make plans when you cannot predict the price of energy? so now let's be clear that we need energy but fossil feels are the only way to go be the first person in line to say let's burn stuff we dig out of the ground. but we have an alternative for the alternative is wind and solar. those actually are the cheapest power

i drove by a gas station in dallas, texas, gas was $3.26 a gallon.the question is if the job market is slowing down and most acknowledge we're in recession, heading towards recession. we had gdp estimates come down for the third quarter today, believe it or not with all the data came in besides retail sales. if that is the case should people not be girling away the excess money that they have in case it starts rain? isn't that what we did before the pandemic when people didn't have enough of savings? charles: maybe there are some programs out there we've been conditioned to think that the federal government will come to the rescue. >> don't push that button, charles. uh-uh. let's hope not. charles: always great to have you on the show especially in studio. thanks a lot. >> thank you. charles: coming up my takeaway on america's new caste system where we're heading as part of the green utopia and the winners in the economy hanging by a thread. ♪. ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ some days, it felt like asthma was holding me back. but asthma has taken enough. so i go tr

these are some headlines are actually not that far out of date, but i feel like they're out of date texas gas prices could reach $4 per gallon as energy sector response to us russia tensions. now, let me give you a headline that will never be written. texas win price of skyrocket has energy sector responds to us russia tensions. saudi arabia rejects biden's plan to increase sunlight as midterms wound doesn't headlines will not occur. we will never invade kuwait. in order to rescue wind and sun. and the fossil fuels are commodity. so the prices vary and these price variations, which we're experiencing right now gas is five dollars a gallon. this is causing incredible pain, so i have an electric car. i fill up my tank for my tank for 10 dollars and it's 10 dollars last month. it'll be $10 next month. it's always the same and so this variability is extremely economically damaging when if you're a small business owner how what's the price of gas going to be in a year? nobody knows how do you make plans when you can't predict the price of energy? okay, so now let's be clear that we need energy in

one person was killed when a train derailed in el paso, texas, hitting a gas line.were evacuated as a safety precaution. >>> according to the "the washington post," a fleet of decoys recemens -- this is ukras decoys are made of wood, but the russian drones parent can't distinguish them >>> and a panda at the san diego zoo got orthopedic footwear. lucas has lesions on his feet due to a chronic condition so the zoo turned to the organization thera-paw, which creates assistive products for animals with special needs i guess he has special shoes to go with the tux? something like that? >> something like that thank you, contessa. >>> we're on the cusp of losing 4k ought sectors are red. pretty interesting refuslevels . don't go anywhere. you might alrw that prop 27 taxes and regulates online sports betting to fund real solutions to the homelessness crisis. so how will that new revenue be spent? new housing units in all 58 counties, including: permanent supportive housing, tiny homes communities, project roomkey supportive hotel units... and intensive mental health and ad

about maintaining public support for ukraine as heating bills rise sharply in the winter months, texas oil and gasdent that the higher the blue fuel price, the stronger the contracting ability will be. european leaders in europe are raising prices for natural gas, and therefore for electricity this winter people will need to somehow pay their bills eu countries are under strong political pressure to solve this crisis boris johnson still in office an example of britain being in kiev can say anything. after all, he is in political slang, a lame duck. well, that is the outgoing nature. we britons know that we have to put up with the high cost of electricity, because the ukrainians are paying with blood for their freedom, and to sort out the problems. it will go to his successor. and this is very likely. will there be a straz head of the foreign office, it seems to me that now she has only three options for the development of events, either to leave everything as it is and freeze in winter, or to persuade the president of ukraine to peace and negotiations, or escalate the conflict and intervene. you m

texas. people don't realize that oil and gas and texas is the biggest producer of renewable power. hard to believe, but true. they need the renewable power to power refineries for oil which i find ironic. that said, dan, you mentioned at the beginning of the interview the grid getting power to where we are. are those the ultimate winners it doesn't matter how much power you make if you can't reliably get it to companies or people, it doesn't matter. >> that's right. brian, this is going to be a 20 or 30-year process where renewables are a bigger part of the electricity generation for the u.s. and globe if you look at where we're at today, 20% renewables in the u.s. by 2030 the goal is to get to 30% by 2030 and 50% by 2050 we need a better system. we need to support grid expansion. we need the ability to store renewable power. batteries will marry t matter we will have to rebuild a lot of what we have built or expanded this is going to be a meaningful part of the u.s. economy >> i guess that chime sounds the end of the interview dan, 20% renewable overall we are jealous we are at 3%

ukraine as it rises sharply in the winter months , and for heating, the owner of an oil and gas company from texaser the price for blue fuel, the stronger the contract with the ability will manifest itself. european leaders in europe are raising prices for natural gas, and therefore for electricity this winter people will need to pay their bills somehow eu countries are under strong political pressure to solve this crisis boris johnson say whatever you want. after all, he is in political slang, a lame duck. the outgoing nature, we britons , know that we must come to terms with the high cost of electricity, because the ukrainians are paying with blood for their freedom, and his successor will have to sort out the problems. and this is very likely. will the rhinestone be the head of the office shape? it seems to me that she now has only three options for the development of events, either to leave everything as it is and freeze in winter, or to persuade the president of ukraine to peace and negotiations, or to escalate conflict and intervene. you move your queen. we push our king back. your king is a

a fascinating story, it has everything to do with the fact that the university of texas system is sitting on oil and gasthrough the numbers and what a revenue driver it is for texas. >> the system manages two point one million acres in the permian basis. it's the size of the lawyer and rhode island. the land lord was given in the 1800s when it was supposed to be bring it revenue for grazing rights. 100 years ago, they struck oil. it's the largest oil producer in north america. this year because of oil prices topping 100, it brought in more revenue. it also brought in more production. the system has a different strategy, they're looking to extract more oil. that equals the best year for revenue, more than $2 billion. guy: given the fact that -- how does the student body feel about this? >> could question. if you look on the campus, there is the original oil well near the football stadium. a lot of people don't understand what it is. it's actually not an investment. it's just cash that they get. for not actively putting money. there assets that they have. kailey: of course it's fossil fuel assets, which i

the average price for a gallon of gas down just one scent at $3.94. one cent. in texasgas price on average, $3.45 in texas. still over $5 in california. >>> coming up, an op-ed in the atlantic, quote: how extremist gun culture is trying to co-opt the rosary. is the rosary is aim -- a symbol of extremist? president biden will sign the inflation reduction act today. larry kudlow will tell the us what all those tax increases -- when all those tax increases actually kick in. that's important stuff. and so is this: fox nation has a new special on the titanic narrate ad by film star billy zane. here's a clip. >> you can be blase about some things, rose, but not titanic. >> so this is the ship they say is unsinkable. stuart: the i didn't like that guy. lauren: well, rose didn't wind up with him, did she? stuart: no,ing she did not. what secrets are stuck at the bottom of the sea? that blue diamond, that that's what's at the bottom -- another sneak preview from a titanic expert -- lauren: they're shutting us down. many. ♪ ♪ ♪ love and confidence... you can't buy those. but you

mean places like the central valley of california responding differently because of gas prices and markets like texas continue to do very well. it is hard to put your finger on one particular headline for one macro trend. i think every market has seen a different impact on the consumer or consumer cycle. we have seen this since last fall. it has been an interesting time, unlike anything i have ever been part of in watching consumer behavior. taylor: analysts are pleasantly surprised at the margin of recovery, the profitability that appears to be sustainable. what is behind your pricing power? joth: we have been very careful and mindful of the customer. we have looked at pricing and how we implement pricing. we have watched cost of goods. typically, we -- if we see a blip in costs, we will stay away from reflecting that to the consumer, but as the rings like -- as we see things like coffee and dairy -- dairy is up 25% from a year ago, then that is something we need to pass along. we have been mindful of customers. we have not had too many price increases print their reflecting on a third one we may ta

with the help of our great texas oil and gas workers we achieved american energy independence, and weere even energy dominant, and we were going to be double the size of russia and saudi arabia combined, we were going to be energy dominant. now the united states is becoming a beggar for energy. we are begging. we gave you the largest tax cuts and regulation cuts in american history, that is why we had the job numbers. you have not good job numbers right now, they are not counting all of the millions of people that are not working. if you looked to the numbers, 3.5, would be double that, some may say triple that. the radical democrats intend to compose the biggest tax hike -- think of this, the biggest tax hike in bad times. this will be what they're doing right now the biggest tax hike in the history of our country, the exact opposite of what i did, and they are working feverishly to pile on more regulations at levels never seen before. i asked a lot of the biggest companies, what is more important, big tax cuts i got for the country to get it going and we never had a country going li

gas prices. you actually have 12 states, including iowa and texas that are dealing with $3.60 or lower average gasf the analysts are saying, they're saying it's very possible that by september or october, the national average could go below the pre-war level of $3.53 a gallon. gasoline futures are signaling that some states could actually see sub-$3 gas by the end of the year. jake, i would caution that this hinges on nothing going wrong. if russia's oil exports get knocked off line, if there's a hurricane in the dpgulf that shs down refineries all bets are off. >> let's turn to another economic story. walmart releases its quarterly results today. what did the results have to say about the overall shopping habits of americans right now? >> well, it shows that americans are clearly cost sensitive. price sensitive right now. walmart has been forced to cut prices on apparel and other items because their consumers are dealing with high food and fuel prices. that strategy seems to be working. they have been able to lure people back to the stores. they reported steady sales growth, but what's telling is

the local electric company reports that it did not detect any gas in that area. >>> texas governor gregott sending more buses full of migrants from the border to new york city. volunteers and aid workers welcoming at least two buses since this morning. >> reporter: here in new york city governor abbott has been sending buses since april. the new york city mayor adams says they did not coordinate with the city at all. mayor adams slammed the governor's actions today in a news conference. >> he is a global embarrassment, because this is not what we do as americans. his lineage, he came from somewhere. if his ancestors were treated the way he has treated these asylum-seekers and migrants, then he would not be where he is right now. >> community-based organizations were in place helping people arriving to get services they need. cnbc's valerie castro today on today's arrival. >> reporter: social support groups and authorities were there to receive the latest busload of migrants from texas. >> we also have outreach and wellness units that are part of 40 during the day that are available for

gasbuddy crunched these numbers, last month gas prices fell 81 cents a gallon in wisconsin, ohio 92 cents, arizona and texastates, john, have average gas prices back below 4 bucks a gallon. >> cost you 10 bucks less to fill up your tank at least than it did a month ago. >> i wonder if consumer sentiment will reflect that on friday. people generally feel lousy about the economy for a lot of reasons, i think mostly because we have come out of two and a half years of a pandemic that has completely disrupted every aspect of american life, even declining gas prices doesn't give much of a boost to consumer sentiment or hasn't so far. >> what do the stock markets think of all of this? >> again, a head scratcher. stocks last week the third week in a row up for the s&p 500. we will see what happens this week. this is even three weeks up even as the fed is aggressively raising interest rates. on friday there were concerns that the fed may have to continue to aggressively raise interest rates to cool down a red hot job market. you have a job market that is roaring ahead here even as the first two quarters of the year

gas, and electricity." on our democrats line in texas, gerald. good morning. go ahead. caller: host: -- caller: good morning. my number one issue happens to be domestic tranquility related to guns. in the preamble we are promised domestic tranquility, and it exchange we pay taxes. here in texas we are number one in the united states for these terrible gun assaults, on schools and churches in malls. nobody in the u.s. beats us, and every time there has been an assault, the texas congress senate has passed rules to allow obtaining these guns easier, and our governor abbott has signed every one of those and made it much easier for such as uvalde to continue. saturday i was at the park and there were hundreds of people out there. the kids playing soccer, and you see the baseball field, and some kids had a pickup game. i looked at all the peacefulness of all the kids smiling and happy and having a good time, and i have a hard time. i look at how they absorb their environment when it is pure and simple, like we all did growing up, any of us over the age of 21 or so. we think

really dangerous is we have certain number of entities that don't want to invest in the oil & gas industry and texashave oil & gas. we have all types of energy sources and the fact base is we believe in a diversified portfolio and we think in fact certain companies not continuing to invest in oil & gas in this effort to essentially go all renewable is really really dangerous overall. we see that in europe right now with the energy crisis in europe , energy crisis arising in the united states, have risen and the fact is so many parts of our lives rely on that industry every single day, even if you drive an electric vehicle, parts of that vehicle are a product so therefore, texas is taking a stand on this issue to make sure those firms need to be accountable for the decisions that they are making. neil: so are blackrock or ubs, are they responsible for managing any of your state money or state pension or teachers funds that sort of thing? >> yeah, different entities do have investments with both of those firms, undoubtedly we'll go through a process in the next 30 days, each pension fund, to identify

we can go from west texas to the gulf coast to move the gas to be exported.>> was talk about that. we know the differential between our natural gas, which is bumping up to nine, and europe, is such that there is a surplus. you could make a fortune if you get the natural gas over there. where are you in being able to export?>> we are sending all natural gas to the gulf coast. we are sending some to the california market. there are more pipelines being built down to the gulf coast over the next 2 years. we have seriously considered doing something with others on lng to get it to europe or asia. the biggest issue for us is the next set of elegy plants are in 2027 or 2028. the way to sign a 15 year contract. we have to gas but this will be from 2028 until 2043. >> you are the best and i can imagine you know what it is? >> no, we don't. we have a big position. >> we have been with you guys, not just because you been rapid 25 years. your dividend policy is the best policy in the s&p 500. tell us how you can about? >> first, we talked the shareholders. they give us feedback. they preferre

the local electric company reports it did not detect any gas in that area >>> the texas governor greg abbott sending more buses full of migrants from the border to new york city. volunteers and aide workers welcoming at least two buses just this morning. cheers in new york city as governor abbott has been busing migrants to see called sanctuary cities since april the first one to new york arrived friday with dozens of people onboard the new york city mayor eric ads said the texas governor's office didn't coordinate with the city at all he says because of that local officials weren't prepared for the influx of migrants governor adams slammed abbott today. >> he's a global embarrassment because this is not what we do as americans all of us i'm sure if he goes into his lineage he came from somewhere. and if his ancestors is treating the way he's treating these asylum seekers and migrants then he would not be where he is right now. >> this time community organizations were in place ready to help the people arriving to get services they need cnbc's valerie castro on today's arrival. >> rep

they've gotten lower 58 days in a row now and the cheapest price for a gallon of gas on average now is in texas, $3.49. but it's not just gas prices getting cheaper. airline fares, used cars and trucks and communications like computers and internet have gotten cheaper along with apparel, but we have a long way to go to get back to where we were. on average this time last year a gallon of gas would cost you $3.18. >> yeah, you're right. trevor, thanks. >>> we turn to wall street reacting positively to these new numbers and a potential inflation slowdown so rebecca jarvis is right there tracking it all from the stock exchange. hey, rebecca. >> reporter: hey, cecilia, good morning to you and in a word, this report was a relief for wall street. yesterday's report showing inflation up 8.5% versus a year ago. that's still less than where we were just a month ago in june and the way wall street sees this is that we've turned a corner, that inflation has peaked and as you just heard there from trevor, a big reason for that is gas prices. there are still areas of the economy, however, that are much high

alaska's gas and minerals, it's going to be in alaska's little sister state. [laughter] texasso cute. being here in this environment, where people, the pro-america mindset that is here, is so inspiring. it is very encouraging and gives me hope, especially when it comes to hopefully most people know there is a link between energy and security and energy and prosperity and it makes no sense what the biden administration is doing today when god has created these resources that are meant for responsible use of mankind. we can ethically and responsibly develop those god-given resources. that is what any civilization needs. america can do it best. what the biden administration is doing is the opposite of what should be done with our agenda. [applause] >> your senator has been on the biden administration of your senator has been on the biden administration of regulatory policy regulatory policy, because that has a negative impact on the development of safe and efficient energy in the u.s.. he wants to use the congressional review act to go after these executive orders of the biden ad

. >> texas republican congressman, thank you. >> thank you, john, god bless. >> gas prices coast to coasten dropping and energy secretary tells fox news she thinks the inflation reduction act will help even more. even more stephen disagrees. making it worse. former economic adviser to president trump tells us why next. , thank you! >> customer and grandkids: bye! >> tech: bye! don't wait, schedule now. >> singers: ♪ safelite repair, safelite replace. ♪ for people who are a little intense about hydration. neutrogena® hydro boost lightweight. fragrance-free. 48 hour hydration. for that healthy skin glow. neutrogena®. for people with skin. (dad) we have to tell everyone that we just switched to verizon's new for that healthy skin glow. welcome unlimited plan, for just $30. (daughter) i've already told everyone! (nurse) wait... did you say verizon for just $30? (mom) it's their best unlimited price ever. (cool guy) $30...that's awesome. (dad) yeah, and it's from the most reliable 5g network in america. (woman) for $30 a line, i'm switching now. (mom) yeah, it's easy and you get $960 when you

gas prices fell 92 cents in a month in ohio, 81 cents a gallon in wisconsin, 84 cents in michigan and 86 cents in iowa. arizona and texase way, it was the third winning week in a row for the standard & poor's 500 up three weeks in a row even though the fed is aggressively raising interest rates of the on wall street you can see marks around the world are higher. europe has opened higher. asia has closed mixed, and wall street stock index are barely mixed this morning. the dow futures up just a shade. all right. another weekend of airline flight cancellations and delays. according to the flight tracking site flight aware, more than 900 flights were cancelled on sunday, and there were more than 6,300 flight delays. on saturday a total of 567 flights cancelled. more than 7,200 delayed. actress anne heche remains hospitalized this morning after a near fatal car crash. she was trapped in a burning car for more than an hour friday before rescuers were able to get her out. new details have emerged that may shed light on the car brake. cnn entertainment reporter chloe moloss is following the study. >> christine, so many chris s

experienced moderate hardship already, in particular from the rising gas prices, which for americans and those in california and texas the pocketbook. that has gone down and there looks to be some relief on the horizon in california. there are tax relief in for filling up your tank at the petrol station, but it is still something that is hitting a wide swathe of people and it's happening here disproportionately to for example people of colour, those who are already struggling to get by, who were hit worse through the pandemic than those who were in better shape and are also they are getting pretty badly hit by this rise in prices. we did not hit the double digits of inflation as you did here and it is going down, but it's not going to go down enough for people to be feeling much relief, certainly within the next few months and also in terms of politics by the time the midterm elections come around in the us. that's really going to be on people's minds when they go into the voting booth. just on that bit of legislation, the inflation reduction act, is there much inflation reduction in this or is it more a good title f

natural gas surging to a 14-year high amid surges in europe while crude oil is lower once again amid growing demand concerns. west texasnal, brent down about 5%, 6%, respectively in the past month. natural gas up 17% in that time and has nearly tripled over the current time of this year. for more on where we go from here, let's bring in john kilduff. he is the founding partner at again capital. kilduff, again, john, welcome back oil. >> good to see you, tyler. >> do you see oil turning around and moving higher unless china -- if china does not come back and boost demand? >> yeah. we need the economy globally to get its sea legs back and for china in particular to straighten it out its situation before we can see, i think, oil prices head back higher. that's the real turning point here, tyler and we're watching europe and it's a parade of horribles in terms of energy across the board and here in the united states, too, we're worried, as well we have some weak gasoline demand weeks and they've been rebounding again as we close things out and the demand has been a real question mark, surprisingly so as everyone has sorted

gas is designated and driven by external factors. you're going to be looking at ukraine. you're going to be looking at saudi. you're going to be looking at the ability of the -- of texas, south dakota to generate more oil and gas. those are the factors. but we -- the medicine that the fed is delivering has only just started. this, i think, is crucial. people see rates going up by three-quarters of a percent twice. they think, oh, it's all going to happen. we're talking about later this year, early into next, mid into next. >> i have to ask you about this very bizarre plane/pilot mystery out of north carolina. this plane, i was calling it a small plane in the break. you said uts not totally small. ten-seater. emergency landing, lost a wheel. that's not the bizarre thing. it landed with one pilot. it had taken off with two. 20 miles from the airport, what happens? >> no one knows. >> the co-pilot is found dead. what happens? >> there are only three ways you leave an airplane. four ways, you walk off a plane, you get pushed off a plane, you jump off a plane or fall from a plane. which one is it? we don't know. >> okay. but how often do people fall out of planes? >> almos

texas. we're the energy leader of the world to date, primarily through oil and gas. we're grateful for that. but let's expand that leadership to include more renewable energy, wind, solar, hydrogen, geothermal. we want those jobs in texas and we want to do our part before it's too late. dallas, mesquite, these communities understand it. houston understood it in 2017 and much of the state is going through an historic drought that is hammering the ranchers and farmers throughout texas. time for us to act. >> texas, because of its scale and size, it really has become sort of an experiment, like a laboratory. unfortunately for some of the worst things that have happened in terms of culture. in terms of voting rights it led the way in making it incredibly hard for people to vote, focused on houston, that area, harris county, on abortion, stripping women of the right to choose and then putting bounties on their heads, in terms of textbooks, refusing to even have texas history properly taught in schools, which impacts textbooks all over the country. how do you change that? >

texas. in fact, they account for 11% of global liquefied natural ga . 70% of their cargo is headed for europeu can argue they're doing more to fight russian aggressive than any defense contractor. you can say it is doing more than the united states government frankly because russia's best weapon is their ability to hold the west hostage. energy hostage! cheniere is an energy thanks to the energy shortage. cheniere had $16 billion in revenue last year. the bulk of that coming from higher prices. that is on track to make a dollars and $.62 per share this year. that is expecting to grow to $16 in 2023. i remember when they founded the company, they talked numbers that were a fraction of that and i had to say no way. well, he was right. stocks are up year to date. this is pretty darn cheap. some of that is because this is temporary and the analysts expect this to pull back to $12 in the following years. it is still fairly cheap on that too here. these estimates turned out to be too low. pretty lively, given how it europe is so low on energy. they would rather buy from cheniere standby from putin.

gas fueled cars. but then you have states like texas pushing further to the right on key issues like abortion. like two different countries and then two different states? >> yeah, look, i think what we're seeing here is the most dramatic broad divergence between the states, really since before the civil war. obviously, the jim crow area from -- to the civil rights act in 1964 was an enormous divergence between the states that had segregation those that didn't. but that was only about a dozen states. this is essentially half the states, the red states, are moving in a very systematic way to undo, as we talked about before, the rights revolution of the past six decades, which is generally seen more rights being nationalized and the ability of states to constrain those rights, whether it's abortion or interracial marriage, or contraception, reduced. now you have states like texas and florida and a whole bunch of others rolling back abortion rights, lgbtq rights, voting rights, banning books, censoring classrooms. blue states are going in the opposite direction, and it's not just on the right fron

texas, how are you all doing? i can't hear you. art economy is imploding, our prices are soaring -- gas prices at record levels. >> you are one sick,erable esso be. --sob. we have a president struggling with even speaking -- basic simple tasks, putting sentences together. >> the idea that -- the -- the nature, ♪ >> sean hannity, his opinion of me does not speak to me very high. >> we shouldn't have americans behind enemy lines. >> this is the oval office. >> i'll put him up against sean hannity. he'll tear him up. >> governor ron desantis -- >> i'm just trying to answer question here. barack obama goes to your church. >> this administration is nothing but a dumpster fire. [applause] >> ladies and gentlemen, please welcome, sean hannity. ♪ >> hello, texas. how are y'all doing? are you doing all right? last year on this cpac, and i missed it a lot do you know what i love about cpac? i love all of the young people to come here, because they are the future of this great country. our job is to hand off to you a better country than we received, and we are confident you will do the same for the next generation, right? did you like the int

texas. hi. caller: good morning. thanks for taking my call. jm, i am 86 years old. i can remember in the 1950's, when i was a teenager, gas $.10 a gallon, when i first started driving. i've been in texas all my life. i have a working knowledge of what happens with oil and gas. i have a lot of things that had -- what is happening now, we have had high prices on gas, but we started using other strategic reserves. from what i understand, there is about 400 million gallons there. they started using one million gallons a day for six months. and this was that they are using now when it's a hundred dollars a barrel. when they reply said it will be twice as high as when they took it out. that is what reduce the price around $.20 a gallon. they have also talked about taking the 18 sent federal tax off of it, has that been applied yet? is that bringing it down, that will reduce the price? guest: yes, the biden administration released a million dollars a day of crude oil that will and in october, november roughly. the additional supply from the petroleum reserve has also played a role in moderating prices and preventing prices from

other actions the administration has taken, higher price at the gas, -- lost share for hurricane protection -- protection. alabama, texas, mississippi and others higher delivery costs for tuxpan delivered all across the united states. more dependence on foreign energy china and russia and other countries and the increase in global emissions as a result of getting energy from other countries and services i've got to tell you that's it better been in for did in college. so i do not think this step is really rocket science. in fact it is so much not rocket science you can make a cartoon off of what is happening right now and somebody did. we do not want to prove -- pollute the air -- this is completely baffling to me that that is what we have going on. the last thing is, is this right here, this is a letter from -- senator kip will -- and schumer just read this one. the current right up in oil prices is effectively a tax on every americans families discretionary budget. except that the money goes to the opec cartel. rather than the u.s. treasury. i could not agree with the war. let's highlight this word tax because if you

gas powered cars across the state. >>> have you seen it? the controversial new billboard in san francisco. the dark message about moving to texas and a former leader in san francisco accepting bribes for classified information. we've been following this story for months and we are learning the sentence just handed down to mohammed nuru. >> the news starts now with the much-anticipated sentencing of a man at the center of san francisco's ongoing public corruption scandal. public for me director mohammed nuru left federal court today facing seven years in prison. he was the central figure in the fbi bribery and corruption case that now includes other public officials and business people. we broke some of the first stories on this investigation and we were in court when the sentence was handed down. prosecutors wanted nine years so they got close with the sentencing of seven. >> that is right. we had a judge who seemed to be very concerned about what he saw in the courtroom talking about this issue of the betrayal of public trust, there was a audible gasp for the supporters of nuru when they came down was seven years in the senten

on all counts >> but congressman, there are a lot of things in here that the oil and gas industry, you're from texasht? they pushed through that sort of permitting deal at the 11th hour right before they agreed to the deal they added offshore leases, yes, at a higher royalty rate, so that will cost are mo. thatmore the fossil fuel industry has been shockingly quiet on this. >> look, i question some of those things i don't think those permitting reforms are real i don't think we'll see those leases, certainly not under this administration at all. i think the methane fees will trance hate into higher prices for some americans i think the super fund permanence will be a cost. there are some things that some in the industry support, but i don't think that is a good enough reason to raise taxes to drive up energy prices, and frankly, i think economically, raising tax as we are in, either in or headed to a recession, make no, s makes no economic sense at all >> we do appreciate your time. >> thank you take care. >>> coming up on "squawk box." more on the chips act awaiting president biden as signature tha

you won't be able to buy a new car in california that runs on gas, plus they arrive almost daily, buses filled with migrants sent from texas to new york. how the state is grappling with the surge in asylum seekers. ave the whole place to yourself. just you and your people. ♪ ♪ it's time for the biggest sale of the year, on the sleep number 360® smart bed. why choose proven quality sleep from sleep number? because proven quality sleep is vital to our health and wellness, only the sleep number 360® smart bed keeps you cool, then senses and effortlessly adjusts for your best sleep. and tells you exactly how well you slept. your sleepiq® score. our smart sleepers get 28 minutes more restful sleep per night. so, you can be your best for yourself and those you care about most. don't miss our labor day weekend special. save 50% on the sleep number 360® limited edition smart bed, plus free home delivery when you add a base. ends labor day. (swords clashing) -had enough? -no... arthritis. here. aspercreme arthritis. full prescription-strength? reduces inflammation? thank the gods. don't thank them too soon. kick pain in the aspercr

when i meet people in my district, 38, in houston, texas, we understand we are living in biden america, worst taxes and inflation in my lifetime. worst gasl i put gas in my car or buy insulin and this happened over the past 20 months, that is focus we have to have as party. polls tighten toward election day, live nothing biden's america is enough to have overwhelming majority in 2022. >> todd: democrats are running from the leader of their party and running campaign ads with republican messages, take a listen. >> this is washington's fault, they set the rule, spiked inflation. >> only democrat to vote against president biden agenda. >> todd: if you go with the polls, what they are doing is working, convincing people they as democrats are not responsible for what democrat joe biden is doing in the white house. republicans need to get on message and stay on message, are they doing good job or getting distracted by stuff democrats want them distracted by? >> i find it interesting the polls are tightening and democrats are using republican messaging, that is the reason why they are taking it from us. end of the day, when you have president l

el 2021 te has —— texas restringiÓ el acceso al aborto, indicaron que cuando la corte suprema en 2022 le regresara la autoridad que lo estado decidir sus propias leyes de abortos de gas peligro. >> puede ser que tengan hasta la penalidad, quizÁs consecuencias legales que incluirÍan cargos a mayores, una felonÍa y tomÉ pasar un dÍa en la cÁrcel. nidia: tras el fallo del supremo dejaron de operar las organizaciones que recaudaron dinero para ayudar a mujeres a viajar a estados vecinos para hacerse un aborto. rgos a may felonÍa y tomÉ pasar dÍa en la cÁrcel... >> un polÍtico antiaborto estÁ tratando de lanzar amenazas en contra de nosotros, hemos limitado nuestra ayuda financiera. nidia: es un aÑo de elecciones, el tema de los abortos a ser importante en las casillas electorales, esta maÑana se publicaron anuncios publicitarios de promesa de un fin a las prohibiciones de abortos. ilia: una estricta ley contra el aborto iba a entrar en vigor en idaho hoy, pero el gobierno del presidente le pidiÓ al juez suspender una parte de la medida que prohibÍa darles tratamiento mÉdico de emergencia a aquellas embarazadas que no pudieron pagarlo. el departamento de justicia le entre

gas powered cars across the state. >>> have you seen it? the controversial new billboard in san francisco. the dark message about moving to texasa former leader in san francisco accepting bribes for classified information. we've been following this story for months and we are learning the sentence just handed down to mohammed nuru. >> the news starts now with the much-anticipated sentencing of a man at the center of san francisco's ongoing public corruption scandal. public for me director mohammed nuru left federal court today facing seven years in prison. he was the central figure in the fbi bribery and corruption case

texas, dan -- dan? v jim, thank you for taking the phone call. i want to ask you a question about a liquid natural gasneed all of that we can. how about scott in indiana? scott? >> jim, i love the show. glad to be here. i want to ask you about a company that has the cash flow and increase subscriptions that is drop off. >> i think that is because nothing will happen unless they get a takeover bid. i will have to say path. let us go to roger in florida. roger? yes, thank you for taking my call. >> ali baba chinese stock, i don't recognize or recommend any chinese stock. i have had it. they break your heart too many times. and rico in new york. and rico? >> how are you doing? >> doing well. how are you? >> good, my man. i can't figure this one out and i need your help here. >> look at the revenue. i don't get it. >> people don't want to unseal companies at this point in the cycle. even though that one yields nucor. how about basil in florida. >> all right. what is going on with 23 and me. >> it never gained any traction. it can't get traction. i saw the ceo and i said you know what? no mojo. the stock h

♪far-xi-ga♪ ♪ ♪ contemplated taking a busload of new yorkers to go to texas and do some good old-fashionedt of office for. >> is is rank hypocrisy. by the new york governor, the new york mayor. now once have to deal the reality of it, they are suddenly and they cannot handle it. they are now getting a taste of what we are having to deal with. >> the feud between new york city mayor in texas governor greg abbott heating up this week with adams calling abbott a local embarrassment threatening to send new yorkers to campaign against the reelection bid. abbott, for his part vowing to keep sending a busloads of asylum-seekers to new york city, saying adams is getting a taste of what border communities and lone star state have been dealing with since president biden took office. we are back with our panel. kim, i would pay good money to see a busload of upper west side new yorkers go into texas and tell them what to do with they boarded they are living on it. would be fun to watch. >> yes i would just say good luck to them. i would really like to watch that as well too. this is being presented a

this is from the gas supply from russia. in uvalde, texas board has fired the school police chief following that mass shooting in which 19 fourth-graders and two teachers died. an investigation described redondo as faulty with police response, waiting at the school for more than one hour while the gunman was inside. we have fiscal reports fourth-quarter revenue. $1.2 billion. one fitness company says $450 million of that is due to the ongoing restructuring. they are trying to get subscribers, but it is lower than expected. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. this is bloomberg. ♪ >> raising interest rates doesn't solve the supply-side problem. it could even make it worse, because what we want to do right now is invest more in the supply-side auto next. but raising interest rates may make this more in -- more difficult to make those investments. jonathon: joseph stiglitz of nobel laureate. good morning to you all. futures just about positive on

texas. es un acrocantasau rios. pesado 7 toneladas cuando habiÓo la tierra. la sequÍa dejÓ al descubierto un cÍrculo que datan de 4.000 aÑos se trata. en la regiÓn de gaaÑos. las casas flotantes de los paÍses bajos queden en calladas en la tierra. el rÍo ring tiene en vilo la navegaciÓn si siguen ban jando su nivel los barcos no podrÁn transitar. en mÉxico, asÍ se ve el embalse boca. suministra agua a la ciudad de monterrey donde hay ya restricciÓn. luego de 23 aÑos de sequÍa la imagen del rÍo colorado que suple de agua a mÁs de 40 millones de personas en 7 estados del paÍs y mÉxico. las consecuencias de la crisis climÁtica. julio. >>> increÍble, muchas gracias vanessa. en contraste en algunas zonas de estados unidos el peligro son las inundaciones repes tina. en mississippi 100 alumnos evacuados de emergencia, rescatistas acudieron a salvarlos cuando el agua acumulada a amenazÓ el edificio. >>> en california ha surgido un hito en la lucha contra la emergencia climÁtica. el estado ordenÓ que a partir del 2035. autos elÉctricos y hidrÓgeno. quienes pueden salir perjudicados. francisco cuevas nos cuenta. >>> eduardo estÁ emocionado. llegÓ la conclusiÓn