the navy was working on the vanguard program. the army was working on the redstone program and neither were doing so with the other. so the competing military branches was probably one of the primary factors to why the us hadn't achieved firsts from a technological and an engineering perspective. we possessed the ability to reach space as early as 1955. but because we had two branches competing against each other. there was no concerted effort at this point in time eisenhower allowed both branches to continue to work on these boosters the rockets that would ultimately get into space. he didn't see the need to bring in or to bring the agency underneath one public entity. next slide so our first attempt to launch a satellite was vanguard. this was a navy program. december 6 1957 i shortly after the liftoff of vanguard as you can see in the images the rocket exploded the press had a field day with this calling it flop nick could put nick stay put nick obviously referencing the sputnik achievements so within three months we suffer th

so, our first attempt to launch a satellite was vanguard. this is a navy program, december six, 1957. shortly after the lift off of vanguard, as you can see in the images, the rocket exploded. the press had a field day with this, calling it flop nick, stay put nick, obviously referencing that sputnik achievements. within three months, we suffered three embarrassments. sputnik one, but nick too, the explosion of vanguard. our track record is on shaky ground. unfortunately, the u.s. is out of the blocks very slowly on the race to space. next slide. so, finally, the u.s. gets in the game. explore one becomes our first satellite to go up into space. this was overseen by wernher von braun as well as jpl jet propulsion laboratory. explorer was launched aboard a jupiter rocket. after the failure of vanguard, von braun went to the eisenhower administration and asked that the red stone program be given a chance to prove their capabilities. initially, the eisenhower administration was reluctant. but because of the failure of vanguard, it allowed von b

we call this vanguard weather.nk that when the going gets tough, the tough get going, so we have a very long term outlook. we look at these businesses as 100-your businesses not worried about the next six months. tom: does the most popular product hold up in this environment? sean: we think it does hold up. think about what we represent, individual investors who for the most part are investing over a long time horizon. for those investors, the 60/40 portfolio is still the best thing to do because equities are best long-term inflation hedge after all and the bonds serve as a ballast to the volatility you get from the risky asset on the equity side. yes, we have seen a six-month correlation of negative returns for equities in fixed income, but that is unusual as anybody who knows the markets knows that it is highly unusual. therefore, if you look over the 10, 15, maybe 50-year time horizon, 60/40 is still very much alive and kicking. tom: it was only a couple of weeks ago that we were facing record high temperatures

and vanguard retirement tools and advice can help you get there. that's the value of ownership. a jelly bean that's good for you? try nature's bounty jelly bean vitamins. good-for-you nutrients in a tastier-for-you form. more sweet dreams. more flavorful immune support. get more with nature's bounty jelly beans. >>> all right. breaking news from overseas. japanese media reporting former japan prime minister shinzo abe is dead after being shot the 67-year-old was giving a campaign style speech for the parliament elections in the southern part of the nation when the gunman opened fire abe was the longest serving prime minister the media reporting that the 41-year-old male is in custody abe's brother calling the an tsa sati assassination attempt an attack on democracy japan has virtually no private gun ownership. leaders making statements expressing condolences we will have more throughout the hour and day here on cnbc. shinzo abe assassinated at 67 years old. >>> still on deck. we will get more old story as the details continue to roll in. plus a spi

vanguard and kkr, joining us momentarily. "bloomberg markets" starts now. kriti: if you would check the markets at 8:30 a.m. this morning with a nine prevent -- 9% prince coming out, you would see a pretty full selloff. addiction telling all the way. that narrative has turned around as ours progressed. the s&p 500, lat on the session. the twos, tends curve, that is where the action is. it gets more and more negative, down 17 basis points when it comes to that. we dig into an momentarily but check out the dollar. as you see the moves in the bond market, the dollar weakening. but being this into context -- putting this into context, it is higher and higher. perhaps a move for the cbi report. -- from the cpi report. buying commodities is not working -- buying commodities is not working today. let's take a look at some of the guests on bloomberg reacting to a hot u.s. inflation report. >> this inflation print is a problem. >> there is no slowdown in inflation here. >> domestic price pressures are quite strong. >> this is going to amp up rusher on policymakers.

only at vanguard you're more than just an investor you're an owner.hat your priorities are ours too. our interactive tools and advice can help you build a future for the ones you love. that's the value of ownership. >>> let's get a check on cnn business. you can see asian shares closed down sharply, but europe has opened higher here. on wall street, stock inbarely . investors are concerned about a potential recession. the dow had a recovery from an earlier 700 point drop. the nasdaq finished up nearly 2%. oil the big story here, sinking below $100 a barrel on recession fears. dramatic turnaround in oil markets. consumers may start to feel it at the pump. overnight gas prices edged lower to $4.78 a gallon. let's go to london now, i want to bring in clare sebastian. good morning, clare. this looks like a classic recession trade. oil down, stocks down, just the most brutal first half since 1970. but it is anybody's guess where it goes from here. >> yeah, and i think the recession fears out there, they are valid because the question that everyone continue

only at vanguard you're more than just an investor you're an owner. that means that your priorities are ours too. our interactive tools and advice can help you build a future for the ones you love. that's the value of ownership. from the fox studios in new york city and back office. welcome to opposition to the week ahead i can. inflation continues back in the white house fix the economy almost by have zero business experience? steve moore coming up. plus democratic senator joe doing a major blow to his parties last ditch efforts for new taxes and spending for the climate agenda great tennessee senator bill hagerty is here with his response. to the grocery prices are better now? ceo is going to get worse pretty hotels with food possible look like any upcoming fall season. we have new data on out-of-control inflation. consumer prices in june the houston 41 years. wholesale inflation usually highest on record. gasoline prices, food, rent along with the decline in wages all christian consumers particularly the states with the highest inflation. swing sta

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how does vanguard regard these efforts? is it a good idea or should we be happy with different viewpoints on esg >> one thing is for sure we think it's important that investors understand the types of products that they're investing in so when it comes to esg, that is going to mean being very clear on what the purpose of a product is, what esg means in the context of that product and how the manager's going to go about delivering on that if i look at this product here that you just mentioned, you know, here's a positive impact product, so what we're going to need to make sure we're doing and helping investors understand is exactly what we mean by that and how the holdings in the portfolio demonstrate consistency with that. and i think that's going to continue to be an area of focus for the industry to make sure there's clarity there. ultimately, we do need to make sure that investors are well-protected here and supported. we don't want to put undue burdens on the investors to have to do too much work, quite frankly, to have

is in the vanguard , however, in this part, in the vanguard.hy has n't ukraine somehow adopted this green movement from the pool of weapons? no, i don't agree with this respect. green tariffs with which the investor was compensated for the joy, it is different from uh, one thing . and the state only loses because there are certain benefits there and it is prescribed by law, another thing, as i mentioned austria, germany and other european countries for a reason. when the responsibility for the green movement and energy saving lies directly with each household, with each owner of one or another house and it is precisely because of this that they began to significantly save even 20-30 years ago. well, i agree with you here in ukraine, by the way, we did not monopolize this market, we had enough number and private foreign investors and american and canadian and scandinavian and german and the domestic company were in this market but i definitely agree with you and now i see this very such crazy company in european countries regarding the promotion

i'm glad we invested for the long term with vanguard. ♪ >>> at the northern tip of patagonia's desert coast. here the atlantic ocean has been carving the coastline for millennia. these crumbling cliffs are the last refuge of a bird that used to be found all over south america. the burrowing parrot. after wintering up north, pairs return to the same nest every spring. it makes sense, given how hard they've worked to dig out these homes. some stretch back ten feet into the cliff. mauricio is leading the charge to understand and conserve the pa parrots' last stronghold. [ speaking foreign language ] ♪ mauricio first encountered these parrots while traveling around patagonia 20 years ago. he was smitten, and he's been here ever since. mauricio routinely monitors and counts the nests. [ speaking foreign language ] >> inside most of the nests are hungry chicks. today it's this mom's turn to head out on a food run. the native vegetation she depends on is disappearing as fast as the amazon rainforest. to stand any chance of feeding her family, s

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it is already a well -known fact that the russian troops actually in their vanguard, they also involveists and propagandists in the vanguard, in fact, this is the russian propagandist and sincerely of the russian troops. thank you very much. serhii horbatenko from donetsk region was with us live during the exchange of prisoners of war. moscow is primarily interested in the return home of the fighters of the ishchen battalions, about this in the radio commentary svoboda was told in the ministry of justice that instead of releasing those who fought in ukraine under the flags of the dpr and lpr factions, the kremlin is not interested in how many russian and pro-russian prisoners of war there are in ukraine kyiv does not disclose, but it is known that at least three thousand hryvnias are spent on the maintenance of one prisoner by six russians who want to show their faces, also because of the geneva convention. however, from the threshold of this cell we hear a different opinion, i know your radio, i don't know, yes, i know that they will you are interested in posting youtube channels. you

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downstairs we have cloth from independence, we have the vanguard designers from independence. photographers, so this idea of self—definition through cloth, through fashion, through photography downstairs. so, the historical period is from 1957 to the mid—1990s to coincide with the end of the apartheid era. the story of agency begins in that swell of creativity that was the cultural renaissance. archive: my name is africa. gather round me. gather round my writers, musicians, artists. the 1966 film by william grays of the first world festival of black arts. this groundbreaking event featured over 2,000 writers, artists and performers from africa and the african diaspora. and was viewed as a mark of the cultural renaissance taking place at a period of time when fashion, music and the visual arts formed a key part of africa's moment of self—definition. over 50 years on from the dakar festival, the v&a will again explore africa's ambition to define itself, but this time through fashion. over 250 objects will be on display including some new acquisitions for the museum. this is one

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only at vanguard you're more than just an investor you're an owner.hat means that your priorities are ours too. our interactive tools and advice can help you build a future for the ones you love. that's the value of ownership. >>> welcome back to 23. we are kicking off big bank earnings. we have important factors when the results cross. we have a headline profit. that is the number that will likely fall sharply. when the loan loss reserves that is expected to increase, adding cash reserves as economic conditions worsen. it would be prepared. the other factor is capital markets revenue. we expected to be lower as well. the ipo market has all but dried up. lastly, the mortgage business is expected to drop as high interest rates when home loan demand. with this in play, what names do you like going into earnings? >> what do you say? >> i think goldman sachs, it >> to this level. i think right around book value, the quarter will be extraordinary, mostly in trading revenues. they will not be fully rewarded for. i think they will be rewarded to a certain de