vivek: look, our view is that that is correct. are going to see through this year pressure build. i would say, you know, it is going to be different for different commodities, but energy, we definitely see destruction playing out by later this year. on base metals, we think the market is probably overreacting to the downside. particularly given the fact that china is still going to be potentially in solid demand support by the end of the year if the destruction comes through as promised. keep in mind, when it comes to base metals, china accounts for about 40 to 62% of the metals. we talk about stimulus in china and what china does, it has an enormous impact on the metal market. haidi: we saw the warning for stratospheric $318 a barrel or the dust will from j.p. morgan this year, there could be retaliation for the price cap and other sanctions against russia. is that risk something that is on your radar? vivek: look, i think when you break down what is happening with oil, i think that there is a difference between saying oil that w

aria vivek, great to have you with us. >> thank you, melissa.? >> good. do you think this reset is big enough for micron? what i thought was interesting about this is we just heard from the company at an investor conference at the beginning of the month and here at the end of the month we're seeing the guidance being cut, citing deteriorating conditions effectively. >> yeah, melissa so the message here is that the semiconductor industry is finally feeling the heat of the cycle. the downturn started on the consumer side partly because of the tougher comparison when everyone bought a lot of pcs during the lockdown. then the smartphone market started to slow down partly because of the turmoil we have in europe, partly because of the pressure the consumer is under and the lockdowns in china some of that consumer weakness is starting to now spill over into parts of the enterprise data center and eventually some of the auto and industrial markets. so as we are starting to see the rollover in these different markets, you are seeing different companies

i don't want to make you mad or anything, but vivek, the left is in a tough position to explain thise we could probably be exploiting in this country and we're not doing it to the extent that we could. and here we are, not only asking for more oil, which we, you know, the left doesn't like in the first place, and we're doing it with a dictator and a human rights abusing country so i mean, it's, how do we get here >> the answer of how we got here, joe, is on the basis of intentional policies that this administration adopted i will remind you that in september of 2019, president biden, then candidate, made an explicit promise on the campaign trail. these are his exact words. he says, i guarantee you we are going to end fossil fuels. that is exactly what he said that is one campaign promise he has seemed intent on tldeliverig on let's look at the things he's done in the last three months since russia invaded ukraine in may, there's a million-acre project for oil and gas in alaska that was completely cance canceled by the interior department a few days later, they cancel an expansion in

vivek ramaswamy, the 10 a.m.y" & company is next. meet jessica moore. jessica was born to care. she always had your back... like the time she spotted the neighbor kid, an approaching car, a puddle, and knew there was going to be a situation. ♪ ♪ ms. hogan's class? yeah, it's atlantis. nice. i don't think they had camels in atlantis. really? today she's a teammate at truist, the bank that starts with care when you start with care, you get a different kind of bank. .. ♪♪ ashley: it is 10:00 eastern as we listen to j lo. let's get straight to your money and look at the 10 year treasury falling to a 1-month low and because of that things have turned around especially the nasdaq, the yield down 13 basis points now at 2.875%, money going into treasury, prices go up, yield goes down, the price of oil no relief up a couple dollars at $107.72 a barrel, bitcoin under 72,002. it was positive but still under 20,000, it is up $665 but bitcoin at 19,425 and as i've been talking we just got the latest read on our manufacturing

joining us, vivek ramswamy. what do you think is going on with them in the white house?ties in the esg environmental stuff? >> this is crony capital number of modern clothing. government is using private actors, i believe actors like blackrock, to do through the back door what government cannot get done through the front door. they label it the esg movement. can't pass the green new deal with you congress. no problem. let's get the climate pledge from companies. government has deputized the private sector to do the work of big government from 340 years ago. dan: if you can explain to the audience. blackrock is not your local bow bodega on the corner. if they tell a company with a wink and a nod, you should do this to comply with environmental stuff, they can cause that company almost to lose millions of dollars of investment if they pulled their money out. they could hurt that company. >> they are using their voting power as share holders to dictate how corporate america behalf is. the money is every day citizens, doctors, nurse, business owners, that's -- aggregated wit

and vivek joins us, chairman of strive asset manager and author of a book out later this year.as protesting there and those that walked out, it included students that you clearly see in the video donning their white medical coats, also included some parents. those that were protesting the decision to have her speak there. why is it that no matter what her stance was on abortion could they not sit and listen to her advice as a physician? >> look, i think there are certain issues that we created as red lines for the progressive movement to say you have to walk out and not only listen to the opposing view but someone who ex pous us the opposing view. particularly ironic and problematic, frankly, at a medical school, there is entire courses of medical training based on actually training physicians on fetal medicine. this is obviously an area of an important area of medicine, because there are nuances to how you respect the life of a fetus if that weren't the case, an open and shut topic where you didn't have to listen to a speaker at the level of being that ridiculous of idea, you

stuart: vivek vivek ramaswamy is with us, you weren't expecting this , were you? on elon musk. nobody does. do you? >> you know, i would say i have to agree with where she left off in that last comment. i care much more about his impact on the business world and what that means for our culture and our society than i do about his personal life. i do think though, stuart, it's worth having a conversation about the twitter side of things , which is look, i think there was a major problem on twitter which remains a problem today which is viewpoint-based discrimination. elon musk goes in many different directions and one of the thins that we have to ask even in the context of a story liked to which personally i could really care less about but the general question is, you know, at the end of the day, if he's taking on serious problems i think free speech is one of those problems, tackling that. who do the free speech advocates in this country not just conservatives but people who care about restoring those values who can they actually depend upon to deliver those outco

here to react is vivek ramashwami. about this to i believe her husband traded on material nonpublic information illegally? if i had to bet i would say no because the downside of doing so would be so bad for them that it would be so catastrophically shortsighted for them to do such a thing but this is a sliding scale with our informational advantages in a market that involve hedge funds, legally gaining information that doesn't live to nonprofit information. do we want our policymakers, the people in charge to benefit from that or do we want for appearance of them benefiting? that erodes public trust. my view is we don't. i had this authentic with many folks on capitol hill, republicans, democrats, why it is people in congress trade stocks, many say it would be a disincentive to run for congress. the good news is there is a solution to this. everyone of those people should have their portfolios public in real time so the public can know that if they have an advantage even if it is a legal one the public and replicate th

vivek ramaswamy. what do you make up what is going on?he essence of what is going on is deeper than that. i think the fact that this hunt for someone else's privilege is really a hunt for your own excuse. aunt steve come i will tell you of victimhood has become such a powerful and valuable currency in the united states that the dirty secret is that before's actual victim story threatens the people who tend to follow in just a small lit's footstep wita made up story. it is a controversial topic but worth saying out loud, there are two inconvenient minority one is being jewish and the other asian. it is not a coincidence among the highest achieving demographic groups. that is not privilege. that is the product of hard work, strong family foundation, a concept that people of every race would do well to learn and be lifted up by them including the universal story of anne frank herself who offered an inspiring story to teach people the hardship is not the same as victimhood here this really got under my skin. >> steve: it is a head-scratcher h

vivek ramaswamy was on with tucker last night and said we are looking ahead to a financial problem.all it by the administration, it's a problem for all of us. >> the best way to control a society is to control its language first. and just like diversity is conformity, inclusion is exclusion. war is peace. now, apparently a recession is something other than two consecutive quarters of g.d.p. decline. most sophisticated investors in the market have already quietly accepted the fact we are in a recession regardless of what this administration says. investors pay attention to company's earnings like walmart's disastrous report earlier today where they slashed the profit expectations forever the future. investors aren't going to pay attention. they know what's going on. the thing to attention here it's not just the recession that matters. we are also facing rampant 9 plus percent inflation. >> steve: right. exactly. >> brian: i know this is interesting too. just to show number one keep telling people things that don't become true or feel right is not going to build trust. president biden