in europe unilever doing pretty well.t brings me to a question about the health of the household balance sheet. janet: clearly globally we have some different stories. a number of economies is a housing story. new zealand, australia, canada and sweden did not have a big deleveraging during the global financial crisis. some of those, notably new zealand, we are looking for a recession on the housing market. in the u.s. it is a diversion picture. half of the households are getting by on savings should they have to. half cannot. which is why you are likely to see a divergent downturn in the same way that you sell quite a diversion upturn across firms. big divergences coming through and quite a complicated inflation backdrop. tom: janet henry, thank you as ever for your insights. coming up, tech titans at reporting this weekend we will preview what is in store for the sector with an outsized presence on the s&p 500. this is bloomberg. ♪ tom: welcome back to the open. you are range bound across european equities. a lack of con

the financial times says some of the world's biggest companies, including unilever, coca—cola, and mcdonald'srning of price rises as global inflation rates push up prices. and ending with sport — the guardian has england's a social media trend which sees people fake disabilities so they can skip cues at airports has caused delays, according to the boss of heathrow airport. and ending with sport — the guardian has england's 4—0 win over sweden. it's the women's teams first major tournament final since 2009. let's begin and bring in our guests, and we'll start with the telegraph's page, this pledge by rishi sunak — a screeching u—turn on tax cuts. what are they highlighting here? this screeching u-turn on tax cuts. what are they highlighting here?- are they highlighting here? this is the promise _ are they highlighting here? this is the promise tonight _ are they highlighting here? this is the promise tonight by _ are they highlighting here? this is the promise tonight by sunak- are they highlighting here? this is the promise tonight by sunak to i are they highlighting here? this is. the promis

it help unilever is m&a. -- what could help unilever is m&a.his should help speed up disposals of slower growing brands. tom: we are seeing losses in oil, wti is well below $100. broadly commodity markets remain tight. implications for companies like shell and how they navigate that? >> shall should have benefited across-the-board. oil, power and gas should've all been boosted by price jumps this year. this is why the focus will be on capital returns plans. shell has already completed an $8.5 billion share buyback program in the first half. bloomberg expects another at least $6 billion buyback for the second half. tom: some of the equities to watch. let's bring back the blackrock chief investment strategist. earnings for season, have they changed your view of the world? wei: it is early days but earnings have been reasonably robust, supporting the bear market rebound we have seen in recent weeks. our real earnings for both european and the u.s. markets, the expectation for this year is too optimistic versus the reality on the ground. we are exp

what could help unilever is m&a.t added an activist investor to the board which should help speed up the slower growing brands. anna: we are watching the oil industry. heil -- higher oil prices putting pressure on consumers. energy giants have fallen and the benefit. what can we expect from shall? >> shell benefited across the board. the focus will be on buybacks, and shell completed an $8.5 billion share buyback program. they expect another $6 billion buyback for the second half. manus: let's see if the buybacks work. leo with the latest on the earnings front. it is all about the equity markets, dipping ever so slightly this morning. anna: playing catch up with what we saw later in the day in the united states, markets spooked by some of the earnings stories. we will look into the european session this morning. futures pointing lower. we get back to the european corporate agenda and some companies reporting today, europe's largest discount airline beating estimates. we speak to ryanair's cfo. that conversation comin

certainly the expectation is not un unilever to come back. shareholders were against the deal could rekkit be interested we have reports that nestle was potentially interested in the company. could we see a buyer come in >> they make a lot of really well known brands. i was researching over the weekend. a lot of these every day consumer goods we use. i would not have known were manufactured by haleon. >> for gsk, new gsk, they no longer have to manage brands like those they can focus on the bio-pharma and specialty medicines. >> one thing about gsk and this is an area you have been covering closely, julianna, my understanding is gsk has been under performing its peer group because of the debt overhang they had going ahead with the deal, they are getting dividends back from haleon they heare planning to use that funding go ahead with r&d and m&a. >> one of the big headwinds or tension points for gsk is pipeline investors in the health care space want to see more confidence and be more confident in gsk one gripe they had is leadership at gsk th

were before unilever started gaining.hink that proctor is off. it will be on. you don't get it up -- don't buy them up ten. >> that's not the point. >> other results we got, mohawk, actually was a beatbut they di guide below and talked about -- >> stanley was not -- stanley was the worst quarter. i am surprised that amd is not up more since intel basically told you that the road map, the italian road map of different cities is getting there a lot faster than their jewelry of sapphire this is just -- people don't understand this is the fastest growing market in the world. high performance computing chips is the fastest growing chip market in the world and i think when lisa sue reports, you will say, why didn't i listen i didn't know that they -- that what's happened is that pat gelsinger turns out to be the ultimate share donor which is a curse. august 2nd you're going to find out that intel was a share donor to lisa sue at amd. >> amd, about a five-week high today going back to june 10th. >> makes sense i was going to say

is at a ito—year high in the uk, too — where big name brands including mcdonald's, coca—cola, and unilevern response. mcdonald's has raised the price of cheeseburgers for the first time in 14 years — as companies grapple with the impact of higher costs. here's our consumer affairs correspondent colletta smith. big names are putting prices up. over recent weeks, we have heard from huge household brands saying they are charging us more. today, it was mcdonald's.— was mcdonald's. what can i get a few? cheeseburger, _ was mcdonald's. what can i get a few? cheeseburger, please - was mcdonald's. what can i get a few? cheeseburger, please type| was mcdonald's. what can i get a l few? cheeseburger, please type it they've announced _ few? cheeseburger, please type it they've announced that _ few? cheeseburger, please type it they've announced that they - few? cheeseburger, please type it they've announced that they have | they've announced that they have added 10—2010s to lots of items on the menu. all right, care. my cheeseburger has gone up from 99p to £119. mcdonald's say they are facing increas

alix: unilever was talking about cost inflation potentially peeking in the second half. do you feel are have we seen the peak impact of the high end -- prices on consumers' wallet? john: we are starting to see fuel prices moderate a bit, but food remains elevated. some of the reports we saw today, coca-cola and mcdonald's both doing well, and they are still able to pass price increases along to their customers and customers are continuing to pay, at least for those things that are seen as relatively must-have items like soda and fast food. i think walmart indicated that are less sanguine about the back half of the year than they had been before and will have to move more aggressively to get those inventories down than they thought even a few months ago. anna: are consumer companies taking a hit on volume to take -- keep prices up or is the reverse true? on univariate -- on unilever, volumes came up less but they were able to increase guidance. doesn't just depend per business? john: that is something we are watching closely. there was evidence of the difficulties with vo

followed by unilever's ceo at 8:00 and another ceo at 9:00 -- at 9:30.lus, rishi sunak and liz truss trash each other's economic plans. this is bloomberg. ♪ tom: this is bloomberg daybreak: europe. first word news with juliette saly in singapore. juliette: russia again reducing the flow of gas to germany. gazprom says it will cut shipment on wednesday morning to about 20% of capacity, blaming maintenance issues. it says one of six major turbines remain in working condition. coinbase global said to be facing a u.s. investigation as to whether it improperly let americans trade digital assets that should be registered as securities. the fcc chair previously said trading platforms should do more to protect retail investors. a surprise cut to profit outlooks for the second time. citing the need for lower prices and bloated inventories. walmart said earnings will fall 13% in the current fiscal year. it said consumers are shifting to spending on necessities, hitting margins. global news 24 hours per day, on-air and on quick take by bloomberg, powered by more th

first and foremost, done on followed by vin sawyer and or on to our other global corporations like unilever and coca cola joined the top 10 of plastic, reese producers here and we're just starting some of the conversation with some of the bigger corporates that wanna find cleanups and i think that if we're able to have a dialogue with some of the people that are wrapping the plastic, then we're able to make a lot more change. and then really start a conversation about how to use better sustainable packaging in the 1st place. after china, indonesia is the 2nd largest ocean polluter that's putting pressure on the government to act, especially with daughters them being one of the country's prime sources of foreign revenues. leaders in jakarta are bumping public money into an increasing number of these kinds of initiatives and small companies. and they want to have 70 percent of the country's trash properly processed by 2025 according to their website. so they want see that also wants to see every stream and river cleaned up by then is residence companies and the state worked together. all of i

unilever says it increased its prices by more than 11% the executives say.willing to spend more for their products. however economists say more and more some consumers worldwide are switching to lower cost options turning to store brands instead of you know, the coca cola and pepsi i grew up with lady lee was the store brand for lucky's. they discontinued a long time ago. so i'm so used to buying store brands. i generally do look for the lowest price option unless a brand name makes a big difference in taste or use. i do the same thing, i guess because my mom always picked out the store brands, and i'm just very used to doing that anyway. but i think we're all still getting hit with it. one way or another. you know, i think inflation is up 9/9 percent across the country, so store brands are going up to. that's what i mean. yeah, so even those are getting hit. but it's still much less than the brand name stuff. it'll be. it'll be and i watched the prices. i know what things cost and i know that they're up. when i start seeing them go down. it will be a good d

the financial times says some of the world's biggest companies — including unilever, coca—cola and mcdonald'srning of price rises as global inflation rates push up prices. and ending with sport — the telegraph has england's 4—0 win over sweden. it's the women's teams first majorfinal since 2009. let's begin with that story, because that result secured atjust let's begin with that story, because that result secured at just within the last hour or so — this is exciting stuff, first since 2009. martin, kick us off with this, no pun intended. it martin, kick us off with this, no pun intended.— martin, kick us off with this, no pun intended. it was great, wasn't it? those who _ pun intended. it was great, wasn't it? those who got _ pun intended. it was great, wasn't it? those who got to _ pun intended. it was great, wasn't it? those who got to the - pun intended. it was great, wasn't it? those who got to the final - pun intended. it was great, wasn't it? those who got to the final and | it? those who got to the final and the euros 2021 then flunked it, the man, we hope the women don't do that. eng

in the uk, mcdonalds, coca cola and unilever are among some of the biggest brands increasing prices.— mcdonalds has raised the price of its cheeseburgers for the first time in m years. here's our consumer affairs correspondent, colletta smith. big names are putting prices up. over recent weeks, we've heard from huge household brands saying they're charging us more. today, it was mcdonald's turn. can i just get a cheeseburger, please? they announced they have added between top and 20p to lots of items on the menu. right, take care. my cheeseburger has gone up from 99p to £1.19. mcdonald's say they're facing increased costs for things like fuel, wages and ingredients. when the likes of mcdonald's and other big brands start increasing the price on key products that everyone knows the price for, that's when as customers, we really start to feel the difference, and it shows that what is happening behind—the—scenes is that even the world's biggest companies can't absorb the amount of price increases that they're facing at the moment, so they're passing it straight on to us. but with prices

the kitkat maker nestle, marmite maker unilever and bakery chain greggs have all increased prices thisood group kraft heinz has also lifted its prices sharply — up 12% in a year. now mcdonald's has put up the price of its cheeseburger in the uk for the first time in more than 1a years. coletta smith reports. from huge household brand saying they are charging a small. now it is the turn of mcdonald's.— mcdonald's. cheeseburger - lease. mcdonald's. cheeseburger please- they _ mcdonald's. cheeseburger please. they have - mcdonald's. cheeseburger please. they have added l mcdonald's. cheeseburger- please. they have added between ten and 20p _ please. they have added between ten and 20p to — please. they have added between ten and 20p to lots _ please. they have added between ten and 20p to lots of _ please. they have added between ten and 20p to lots of items - please. they have added between ten and 20p to lots of items on i ten and 20p to lots of items on the menu. i cheeseburger has gone up from 99p to £119. mcdonald say they are facing increased cost for things like fuel, wages and ing

they are going to do maybe a $9 million bailout of unilever, or the subsidiary of the scandinavian natural gas company and passmore of the costs along the consumers. german inflation looks like it has turned over a little. but it is going to go right back up with that. jonathan: i did the walk of the newsroom and dropped by tom's desk to see what is on the bloomberg. what is there pretty much every morning for you? european net gas. tom: the biggest is to see jon come through the newsroom and walk for my entourage. he has to get past like eight people. jonathan: are you admitted you have a bigger entourage than me? tom: i always have to have two more people than you and one less than abramowitz. have to have four less than abramowitz. jonathan: bramo is out, we miss her, but matt miller is filling in. crete. from new york, this is bloomberg. ♪ >> keeping you up-to-date from news around the world. in highland park, illinois, a 22-year-old man is being held in connection with the killing of six people at a fourth of july parade. dozens of others were injured. police believe the attacker open

unilever also looking for a bailout from the german government. the bloomberg first word news with alice atkins. alice: bloomberg has learned that russia's gazprom has declared force majeure on at least three european gas buyers which means it cannot fulfill its obligations due to of receiving circumstances -- due to unforeseen circumstances. european commission is said to warned that could reduce gdp to up to 1.5%. in ukraine, the military chief says the situation has been completely stabilized. he posted on facebook after speaking with the chairman of the u.s. joint chiefs of staff. he said an important factor was the arrival of a new u.s. long-range artillery system. europe's heatwave is bringing water levels to dangerously levels. the rhine river is 37 meters above a mark that -- below a mark that would choke off a key. bloomberg has been told china may allow homeowners to temporarily halt mortgage payments without incurring penalties. the proposal requires approval from senior leaders. it is part of a broader push to stabilize and inject conf

on other subjects, companies are facing tricky balancing acts such as unilever�*s recent deal to continueelling ben & jerry's ice cream across israel, the west bank and east jerusalem. and sometimes, they are giving in to government demands, such as amazon restricting lgbtq search results in the united arab emirates. the company says it has to follow the law where it operates, but remains committed to diversity and inclusion. and there are plenty of other issues. where big could companies are having their say, but in doing so, it is not without risk, so why do they do it? well, a global survey by marketing giants edelman found that businesses were seen as one of the most effective agents for positive change, scoring higher than governments and the media. climate change, yes, it is the issue in which most people want businesses to do more for the benefit of society. then economic inequality, workforce reskilling and access to health care. however, overall, people still have their doubts about the role businesses play in society. in fact, 52% say capitalism as it exists today does more harm

when i went to high school unilever the fourth i remember asking what did they do in new orleans and said nothing. >> i wonder if this connects to something that was interesting to me in the distinction that you made between the definitions of cradle that existed in new orleans as you were growing up. can you talk about that? >> yes, i can. there's probably hundreds of definitions depending on who you are talking to. but in my time, and you figure it started to rearing its ugly head post reconstruction. in the 1890s and onto my times. what we adhere is it's quoted in the book itself where the daily newspaper wrote about you hear about creole food but creoles are white, not negro. now this sort of went against our understanding because my mother spoke french, the people around me spoke french and one thing i would like to make clear.r. it wasn't a color. so sometimes people think that if you are light-skinned you are creole but it doesn't. it means the old world is the te new world met in louisiana and it blended into different things. people could be any range of colors and they are

mcdonald's, coca—cola and unilever are among some of the biggest brands putting up prices because ofhe price of their cheeseburgers for the first time in ia years, as companies grapple with the impact of higher costs. here's our consumer affairs correspondent, colletta smith. big names are putting prices up. over recent weeks, we have heard from huge household brands saying they are charging us more. today, it was the turn of mcdonald's. can they are charging us more. today, it was the turn of mcdonald's. cami was the turn of mcdonald's. can i 'ust aet a was the turn of mcdonald's. can i just get a cheeseburger, - was the turn of mcdonald's. can i just get a cheeseburger, please? they— just get a cheeseburger, please? they have — just get a cheeseburger, please? they have added between 10p and ten they have added between iop and ten —— 20p to lots of items on the menu. take care. my cheeseburger has gone up take care. my cheeseburger has gone up from 99p to £119. mcdonald's say they are facing increased costs for things like fuel, wages and ingredients. when the likes of mcdonald's u

the consumer demand, you have unilateral -- unilever.comparison you have luxury goods that remain in high demand. >> we are seeing continued inflationary pressures on our goods. >> we try to offer a good, better, best assortment so people who need a more value offering can find it. >> we are not sensitive to where people spend or what they spend on, only to how much they spend in total. >> we have not seen reduction in demand for mercedes. demand for us currently is strong. >> big brands, in some categories and some countries, we are seeing strengthening of private-label label market shares. >> we have multiple levers that help us to handle the inflation. we are very surgical and careful on how much pricing we take and where. tom: what is happening is manus cranny is spending on high-end luxury goods. that is what this means. it is all down to manus and that revenge spend. manus: you seem to think i have the disposable income. the really sort of curious thing, you go to zurich, the heart of luxury, they are queuing up outside chanel. the

we saw positive responses to the unilever front yesterday.l-year guidance is increased at danone 25-6%, when it had been 3%. they are giving us various other details. it seems that consumers are taking price increases. that is the message coming through from the maker of acti via yogurts and evian bottled water. the fed is expected to hike 75 basis points. the imf says the world may soon be teetering on the edge of a recession. let's bring in our chief north asia correspondent. what warning did the imf have for the fed? >> a pretty negative backdrop heading into it, anna. there was a sharp downgrade to u.s. growth forecasts, down from 1.4%. they set the u.s. might avoid recession but it is a fairly narrow path. the imf also downgraded its global growth forecast. a bit of a stern warning to a central bank about to hike by 75 basis points. there was some weak u.s. data, overnight there were signs of softness in housing and consumer confidence. there is no shortage of analysts who say the economy is in pretty good order and you only have to look

nestlÉ joins rivals unilever, danon and reckon benckiser, which are raised forecasts this week as demand holds up. the u.s. senate has agreed $52 billion in grants and incentives for domestic chip manufacturing. the vote comes more than a year -- after more than a year after bay and marks a major legislative victory for president biden, whose agenda has largely stalled in the senate. the legislation is a bid to strengthen u.s. national security interests against future supply chain disruptions. twitter is cutting back office space at sites around the world. . in an email to stuff, the social network says that it is ditching space in cities include san francisco, new york and sydney, as well as several european locations. twitter says it does not plan job cuts. forward's profits soared after after miss and sales prude and compresses increased. i just interest after -- adjuster profit after interest and taxes more than tripled, while about the $2.3 billion estimate. the carmaker is doubling down on its ev future, saying it will cut thousands of jobs to fund the business. . that is your blo

consumer product companies like unilever, procter & gamble, coca-cola and so forth have basically takenard-nosed approach. they say inflated salaries, a lot of it is advertising based on the jacking up prices and blaming it on the price of you and the price of gasoline. in reality, most of the customer to pay themselves in advertising. to go there with a certain amount of profiteering going on that the administration is not focusing on. it likes to blame meat companies. there in a much more competitive market and tied it at inter, back in the physical tough time at supermarkets and it's because of a lot of practice this administration is ignoring. of agriculture in the west is really hurting the water. there are things that we could do to make the situation better, and in the infrastructure bill, they give lip service to it and made some token contributions the federal government is ignoring the structure of the domestic economy in favor of welfare programs and how to access. >> todd: you get the nail right on that. this administration can try to spend definition, the numbers are limite

animal health and an international focus be with sap, nestli and unilever. >> with the market slowing to. by not go with companies that have so much of the sales in the united states. you get the discount now and they will have the wind behind your back when the swiss franc turns around against the dollar. i just paid the next six to eight months i get a lift but in the meantime a great balance sheet to spin off the cash. sectors that are global including u.s. sales. a company no one seems to know but one of my portfolio companies that does cat dna, and you cannot make this stuff up, was just acquired by them. i went to the closing dinner and new york and met the management and i was really impressed. they are doing all species, horses, dogs and cats with all kinds of pet health and animal health. this is almost a recession proof sector. it's amazing how many people spend money on their pets. 110 million cats and who knew. you can use that test kit to extend the life of your cat by fitting a different food by doing that dna testing. that is a fascinating story and no one ever heard of

the unilevers, pepsi they don't have the snack business that pepsi has. >> higher mix, too like the premiumn you hear walmart, you wonder if consumers are stepping away from premium brands, if we're going to trade down to lower brands, it's not the case in coca-cola. >> did we see mcdonald's if you give me a second to deal with my perennial problems with the computers here i can, yeah, if you give me some time, i can eventually do that >> why don't i run through some of the other earnings we've had. this is the heaviest week of earnings gm missing expectations, reporting $1.14 a sale versus the 1.20 that the street was looking for. revenue was $35.8 billion. they cited supply chain disruptions and russia's invasion of ukraine for some of the shutdowns and something that was wreaking havoc with the quarter. the stock down about 1.6%. we will be hearing from gm's cfo. general electric seeing about a billion dollars of free cash flow pushed into the future and it is still on track to create three independent companies. a little concern about the outlook for the future that stock up by about 5.

unilever says it is increasing its prices by more than 11% executives say, despite high inflation demandconsumers are still willing to spend more on some of those products they love. they do admit, though consumers in some parts of the world are switching to cheaper alternatives. like generic store brands, and the bear is hot housing market continues to cool off a little bit. the california association of realtors reports the median price for an existing single family home in the bay area dropped 7% last month. still pretty expensive, though, went down from 1.5 million to 1.4 million, real estate experts say rising interest rates and home staying on the market longer. are forcing sellers to drop their asking price. but they also say there's still a housing shortage in the bay area, so prices are not likely to drop significantly anytime in the near future could be impacted by the announcement about interest rates today, though i'm pam cook. that's a look at your dollars and cents. thank you time 7 48 superstar comedian dave chappelle will perform tonight here in the bay area in santa rosa

. _ mcdonalds, coca cola and unilever are among some with inflation at a 40—year high, mcdonalds have. we were going to go to some weather, but i don't think so now. we're going to be looking at the first time cameras will be allowed in courts. for the first time, tv cameras are to be allowed to film in some criminal courts in england and wales. it's all slightly going wrong here. we've got some pictures... there we go. the old bailey there. dominic we will save for another time. go. the old bailey there. dominic we will save foranothertime. in go. the old bailey there. dominic we will save for another time. in move note... ukrainian rocket strikes have forced russia to close a key bridge connecting the occupied city of kherson to the east bank of the dnipro river, in southern ukraine. the antonovsky bridge was hit overnight for the third time in a week. the bridge is a crucial supply route for russian forces occupying the city. western military sources say that a ukrainian counter—offensive in the kherson region is "now gathering place." i'm joined now by dr patrick bury, defence and

. >> right they're ringing the bell >> what i'm referring to as well is unilever made that, again, moneyedroach that didn't go anywhere >> no. >> can't shoot straight. >> some belts on the board now >> that could make a big difference [ inaudible ]. >> haleon? >> let's call the whole thing off. >> another gershwin business no other show gives you that understand these stocks -- everyone wants to be in fast pharma, right? glaxo, fast pharma for years people wanted the consumer business and were worried about the up and down of pharma >> it was a very stable -- >> i think the acquisitions from biotech have changed i think that the breakthroughs for cancer are changing. now look at that, that's not a stock going down a lot haleon. >> that is a result of the haleon splitoff. >> haleon? >> i'm calling it haleon >> someone sent, what, $10 million to come up with that name and that's what you do? >> hale-yahoo. >> jim, you mentioned cancer merck is off a trust here on failing in phase three on head, neck, and cancer studies. >> interesting maybe they need seagen even more >> that $40 billion numb

thousands of businesses, parts of groups who have signed the letter including amazon, coca—cola and unileverwjobs, create and unlock £90 billion in private investment. effectively urging the eight contenders who remain to remain committed to the government's policy and the transition and change needed to achieve the net zero goal by 2050. ., , , ., ., 2050. you said mostly they do not want to talk _ 2050. you said mostly they do not want to talk about _ 2050. you said mostly they do not want to talk about this, _ 2050. you said mostly they do not want to talk about this, it - 2050. you said mostly they do not want to talk about this, it is - want to talk about this, it is interesting when those business leaders say it is something that needs to be a key issue. in terms of the wider public, what is the sense? in part, that is due to the electorate that is being courted by the conservative contenders. at the moment, it is conservative mps who are voting and will decide who will go forward to the next round and thenit go forward to the next round and then it will be conservative members and it

good, better, best in our portfolio so people who need a more value offering can find it in the unilevere are not sensitive to where people spend or what they spend on, we are only sensitive to how much they spend in total. >> so far, we have not seen reduction in demand in our saving, so demand for us, currently, is strong. >> big brands, market share during covid and in some categories in some countries we are seeing a strengthening of private market shares. >> a business like ours we have multiple levers that help us to handle the inflation. we are very surgical and careful on how much pricing we take and where. shery: global ceos on how inflation is affecting consumer demand. we are watching apple suppliers across asia today after apple reported better than expected iphone and ipad sales. shares of amazon also jumping in the extended u.s. rating as the online retailer gave an optimistic outlook. su keenan joins us with the latest. let's start with apple because we also saw some improvement in china as well. su: they did. in fact, they saw a significant improvement, which we will get

. >> the journal has our story on all these, you know, unilever, coca-cola, mcdonald's -- >> big multi-nationals> -- pepsi, they're still raising prices >> did you see what mcdonald's is doing too they're looking to areas they think they need to add to their value menu for people who are cash strapped. raiseing prices is there, but a the same time -- >> when does the medium to upper medium consumer say, whoa, i'm staying at home? >> if you listen to visa, not happening. i thought that was fascinating >> we have katie stockton coming on we'll talk to her. and jyjudy shelton coming on i'm still not convinced the is a monetary phenomena i still think the t-word might come back and be quasi rate. >> transient >> no, transitory. >> sure. at some point we can look back >> do you think the fed right now needs to have a plan to go up like above the rate of inflation until they stop? i think that's too -- yesterday who was saying it? ackman, i think was saying it. look, they've got to get a plan and don't waver from it. we've got to put the stake in the heart of this and stop it right now. >> i think if

kit kat maker nestle, marmite maker unilever and bakery chain greggs are among those which have alreadytheir burqas, i think i struggling. mcdonald's, not 'ust their burqas, i think that i struggling. mcdonald's, notjust their burqas, i think that about | struggling. mcdonald's, notjust i their burqas, i think that about six items— their burqas, i think that about six items that — their burqas, i think that about six items that are just below a pound and that— items that are just below a pound and that has been a marketing campaign ever since mcdonald's arrived — campaign ever since mcdonald's arrived here in the uk. but when you look at _ arrived here in the uk. but when you look at some — arrived here in the uk. but when you look at some the products you just mentioned, there are the most healthy— mentioned, there are the most healthy products but their products that people enjoy and buy a lot of them _ that people enjoy and buy a lot of them it— that people enjoy and buy a lot of them it is— that people enjoy and buy a lot of them. it is spreading across the whole _ them. it is sprea

kitkat maker nestle, marmite maker unilever and bakery chain greggs are among those which have alreadylanes, lorries, cars, train and ships put together. the paper industry alone contributes nearly one billion tonnes of carbon emissions globally every year. our energy and environment analyst, roger harrabin, reports. countless millions of trees are felled worldwide to satisfy our demand for paper and cardboard. the process uses lots of heat, much of it created by polluting coal or gas. this firm in sweden is heading for zero carbon emissions, but pulp and paper worldwide is the fourth biggest carbon emitting industry. amazingly, demand for paper is still going up. after 50 years of talking about the paperless office, we haven't got there. so we could change that by changing the amount of paper and packaging that we're all using. i'm now going to introduce you to an invention that is so bold, so brilliant, and so extraordinary that you will think it is a trick. it isn't a trick. this is real. it's to do with solving the problem of what we can do with all the waste paper in the world, al

thousands of businesses have signed this letter, including big names like amazon, coca—cola and unilevers leaders say that it is something that needs to be a key issue. in terms of the wider public, what is the sense?— issue. in terms of the wider public, what is the sense? yes, in part that is due to the _ what is the sense? yes, in part that is due to the electorate, _ what is the sense? yes, in part that is due to the electorate, that i what is the sense? yes, in part that is due to the electorate, that at i is due to the electorate, that at the moment has been courted by the conservative contenders. at the moment, it is conservative mps who are voting and will decide who will go forward to the next round, and thenit go forward to the next round, and then it will be conservative members. it doesn't appear that net zero is such a huge priority for them, but when you look at the country at large, opinion polls consistently suggest that climate change is one of the top issues for people, and that there is broad support for a net zero policies. so, it mayjust be in terms of thinking about