. >> reporter: hundreds of miles from the austin campus in the oil fields of west texas, ut's systems more than 3000 square miles of property, larger than some small states. energy companies lease the university lands, extract oil and gas, and pay royalties to the university system. ut is really focused on cutting its carbon emissions on the austin campus where they generated an estimated 1.6 million tons of carbon over five years. we work with an energy expert who catch you later for the first time the carbon footprint from burning the oil drilled from its west texas property. that numbers 32.6 million metric tons of the same period. this is equivalent of 20 more ut campuses. >> reporter: do you think ut can talk about its leadership on sustainability while at the same time having all these emissions related to the oil that is being pumped in west texas? >> well, it does. it has a symposium every year. we have a sustainability master plan. all these things are going on while at the same time billions of dollars are being invested into oil and gas. that is currently what the universi

it also gets a cut of the oil royalties from university properties in west texas. primarily, the money is used for campus construction projects across the state. less than 1% goes to financial aid. >> reporter: does the university of texas have a contract of interest here? >> they do because they are profiting off of fossil fuels. >> reporter: dr. michael mann says that the world hopes to limit the worst effects of climate change, that means stop drilling for new oil. >> what more influential message what it send if the flagship university of one of our most fossil fuel driven states, texas, were to take true leadership when it comes to the clean energy transition? >> reporter: the texas university system was declined our interview request provided a statement that says its property as a strategic national resource that will be tapped regardless of ownership and that royalties have positively impacted millions of people who have benefited from historic investments in aid, faculty support, teaching, research, medical buildings, and more. while new wells are being dri

thunderstorms, a bit more intense, i think in florida and probably in georgia, maybe possible a current west texas. but generally speaking of states, a fairly quiet and as they should be western kind of the good news that rate is intensifying, putting things down and dropping defies when the news breaks. devices like these, as you can imagine being used quite the way across the front, like when people need to be heard. and the story needs to be told. seed was always very hard for me to find a job because i come from a very poor neighborhood with exclusive interviews and we're back from the heart. and this is our balance era has teams on the ground next to bring you more award winning document trees and life news. a meeting of mine truth is a battlefield. i believe that the images have part in that buttons feel that i believe that the interpretation of images that also themselves part of that kind of more architect. yeah. advisement and photographer trevor, pat glenn talked to every photograph is a photograph of environmental change when you're making images at the kind of hedge of what's possible

the cent of the equation is 56 percent decrease to 77 dollars per barrel of oil the west texas intermediatee united states is also the same while predicting that the trading volume at the beginning of the week will remain low due to the start of the holidays in the united states and the united kingdom and, according to reuters , will intensify the avoidance of the risk of the default of the american debt for police assets such as gold. however, cnc market company says in this regard that it gives high-risk assets such as crude oil an opportunity to increase in price. brent oil and the us oil index rose by more than 1% last week, but the prices decreased after that, as the negotiations on the debt ceiling progressed. al-aziz bensalman, minister of energy saudi arabia warned the sellers of their borrowings. some investors had interpreted the energy minister of saudi arabia as a signal of the possibility of opec+'s decision to further reduce production. experts believe that the setting of the us debt ceiling is temporary . say it on the drum cheerfully, say it in the news, it broadcasts this i

mountain time impacting 2 million people from montana to west texas >>> overseas, ukraine is gearing up for a new offensive against russia just days after a fresh wave of attacks on kyiv. our molly hunter is there on the ground amid a new call to arms >> reporter: tonight as this nation appears on the brink of a counteroffensive, the ukrainian army releasing a slick new recruitment video, featuring latest nato acquisitions, the u.s.-made patriot air defense system and a call to arms posted by ukraine's top general titled "now is the time to take back what is ours. earlier today we pressed senior advisor to president zelenskyy on whether it was a hint on the eve of battle. >> imminently? today? >> reporter: he tells us the counteroffensive is inevitable and it's already started. this is not a matter of one day, he says. we see the intensifying attacks on the russian rear position we're preparing the battlefield for this new phase of the war there's new ammunition, more advanced weapons, better trained troops close to the front line and it comes as ukraine's western allies are no longe

oil by 43 cents equivalent to fifty-six hundred percent decrease to 77 dollars per the price of west texasermediate (wti) barrel is also 73 the dollar per barrel is worried that there will be a decrease from the week due to the start of holidays in the united states and the united kingdom. according to reuters, avoiding the day when the american debt does not increase the sensitivity of investors to their regional prices for police assets such as gold. kandnutting company says about this that, like crude oil, it gives an opportunity to increase the price, and rice and the american oil index increased by more than 1% last week , but the prices decreased after that, the negotiations regarding the debt ceiling are progressing, aziz bin salman , the minister of energy of saudi arabia the minister warned some investors to borrow money from sellers saudi arabia's energy was interpreted as a signal of the possibility of opec+'s decision to further reduce production, however, experts believe that the reduction process affected by the united states' debt ceiling is temporary. that the property is i

. >> hundreds of miles from the campus in the oil fields of west texas, the system owns more than 3000 square miles of property. larger than some small states. energy companies lease the university lands, extract oil and gas and pay royalties to the university system. >> we don't just show you the story, we've got connections, and this is my brother and often in silver and black, david, tell us a little bit more about your investigation. how much money are we talking about here? >> we are talking about a lot of money, the ut system brought in $2.2 billion in oil and gas royalties last year and that is the biggest reason that they have the largest public endowment in the united states. just so wealthy from oil and gas. >> when that pot of money is there, is that a good thing? is it received as a good thing or are people looking at it with eyebrows raised? >> well, in particular, in the austin commu whe rethink a lot people n't reallyowth is ing it is in constitution from the 1870s that they can get this land and they can do whatever they want with it , then they found oil and became inc

the last two days, according to reuters, the trading price of brent oil with 376,2071 barrels of west texase oil in the united states also decreased, while both horns three days ago with more than two percent the increase in energy was closed in dbs bank, critics in this regard, there are no positive economic statistics in the course of this week's transactions, and it seems that the time for a pause in the oil market has come. and the exit of a large number of traders has slowed down market performance edward maya 80 hyundai company in a note written that the us consumer price inflation statistics for april will be published on wednesday . he believes the price of oil due to the concerns about the economic growth, it cannot increase and there are high expectations that plus will try to keep the prices above 60-70 dollars per barrel , according to the reuters report, another factor that will support the oil hospital. iran's state of emergency was affected by a massive fire, which caused the daily production of 280,000 barrels of oil, which is more than 30% of canada's production , to travel

they don't talk about the environmental impact of the turbines, the wind turbines in west texas. what happens to birds? they don't talk about what it means about empowering china. they don't talk about you can't have a grid that stays up and powers your homes and hospitals and your lives because you don't have gas-fired plants, you don't have coal-fired plants, you don't have nuclear plants backing up the grid. because i can tell you on a cloudy, windless day in texas, we in trouble. it's true. but everybody's going to go around on the other side of the aisle and say -- i've seen them. they go give speeches to kids on the steps of the capitol. oh, we're doing this great thing for you. don't you know, we care about the environment, we care about our planet. you now have all of this great clean energy. well, enjoy being in third-world status with brownouts like we're seeing in europe, like we're seeing in other parts of the world where they're retreating, retreating from the full embrace of so-called green, i i. -- i.e., energy resources because you undermine human flourishing. you

then we're looking at strong storms possible across west texas, where you can see the darker colors. that's where we're expecting the heaviest rain. could be some flooding conditions as well this will stay in place on tuesday. in the southeast looking at darker colors. could see locally 4 inches or higher and also in the panned of texas and okhoma llaoo some spots also looking at the chance of showers and storms in amarillo and lubbock. all right, guys. it's monday. that means we're going to take a look at the forecast for the week in just a bit >> important weeked a that thank you. >>> when we come back, the new space race between billiononair re-ignitite. >>>>> and a lolong journeyey ho a spspace rorock after f fallin the sky. every timeme i dried i it! it o only takes s a minute.. look at t that! ththe heavy-duduty clothss are extrtra thick! for amamazing trapap and loc, even f for his haiair. wow. and d for dust, , i love my heavy-d-duty dusterer. the flufuffy fiberss trap d dust on conontact, up h high and alall around w wt hahaving to lilift a thingn. i'i'm so hooooked! swiffer

the thought is, is dried up in the east and the shouts here at west texas, oklahoma. i'm not particularly big. they might be big in florida. they might be big in the bahamas and down through his span, yoda, maybe eastern cube or in jamaica. same story. mexico goods better shows that nothing unusual for this time. the, as is the case in south america, the likely heaviest and this normal belt of ray is a western columbia may be and i could go on the line, it shows mark troy down to what was the river plate where it was. so boom, recently you knowledge and teen. and sheila attempted to come down to normal or bit by the the the, the, the, the but the, the, the, [000:00:00;00] the welcome back to pick your mind about top stories here at this hour on the 1st day of the g. 7 summit in japan. lee does announce new sanctions on russia. they say the new penalties will stop russia of technology, industrial equipment, and services that support this war machine. syrian president special aside as attend to b, r, a bleed summit to opt up. moving a decade of isolation, syria was susp

and it will help was fighting the fight has is dried up in the east and the showers here west texas, oklahoma. i'm not particularly big. they might be big in florida. they might be big in the bahamas and down through hispanic mueller, maybe eastern cube, or in jamaica savings through mexico goods. but it shows that nothing unusual for this time. the, as is the case in south america, the like the heaviest and this normal belt of re using western columbia may be and i could go on the line. it shows my joy, i down to was the river plate where it was so room recently you knowledge and teen . and sheila attempted to come down to normal or bit below of the thousands of h u awesome. to be lucid from asian country, ending up in western these and private collections in a troop hot, special report, $11.00 east fuller's requests to return asian stolen artifacts. the colleges when the, [000:00:00;00] the, you watching out, just a reminder about top stories. now. the 2nd day of talks is on the way at the g, 7 summit to interruption. ukrainian president for the master lensky is on his way to japan

side of the plains states, significant sherry outbreaks sundry for the samsung, particularly in west texas and down the pacific coast noisily. bri, so it could be back to equal 17 degrees in san francisco. her brakes are shabby. rain throughout california doesn't change. usually we have time to get to monday, except these shells move into the plains themselves and this won't stretch across up into the middle of kind of a lot halt but was so you got 26 when he picked. for example, in dc, we'll get those shows, i think, to dump service the bahamas has been yoder jamaica and keep her old in line for some big house. a line that stretches down to was panama and the mexico showers in lansing. that can be quite big. that'd be sundry, to be honest. so science, america, there's more of a traditional line that's line here is setting up, i think, for next month, those that are all big down pools sciences that they've any message of warmth is going back to chilly. but sunny weather teen the a but next week the the the, the watching out just to remind our top story is this the us house speaker, kevin t

side of the plains states, significant sherry outbreaks, sundry for the samsung, particularly in west texas and down the pacific coast mosley brace. so it could be back to, you know, 17 degrees in san francisco. her brakes are shabby range throughout california. doesn't change usually we kind of get to monday except the shells moving to the plains themselves. and this won't stretching the rock up into the middle of canada, not halt, but was so you've got 26 when he picked, for example, in dc. we'll get those shows, i think, to match the dump service the bahamas has been yoda jamaica and keep her old in line for some big shells. a line that stretches down to was panama and the mexico showers in lansing might be quite big. that'd be sundry to be honest, science, america, there's more of a traditional line that's line here is setting up, i think for next month, those that are all big down pools sciences that they've any message of warmth is going back to chilly. but sunny weather, the i'm harry davies and the kimberly in western australia or indigenous communities attaining at with sciences to

take a gander at the monthly chart of west texas intermediate fruit.saw big melton in oil last week boom but that is less about the fundamentals and more about traders being caught on the wrong foot tons of money managers bought oil not too long ago whether we heard about the opec production cuts we had the big spike they got spooked out now garner expects them to scramble to get long again between the weaker dollar and opec oil production. she is feeling bullish on oil. again, something most people don't feel like. er since the show revolution and can you see, ever since the shale revolution, opec hasn't had much influence over oil prices there was too much cheap crude coming from america. that is how we ended up with a horrific multiyear bear market from 2014 through the beginning of the pandemic. that's when you have to think about that that's the multiyear bear market as garner sees it, opec stuck back -- struck back in early 2020 flushing the market to gel the shale producers from spending more money. drilling here. they basically scared american

next couple of days for places like texas and oklahoma, severe thunderstorm warning in effect for west texasthat is the area we see potential for thunderstorms and perhaps some stronger storms getting into friday. then saturday. same areas slow-moving system. then we watch this area of low pressure off the coast of florida. it has tropical characteristics. will it develop into a named storm? if it does, it will cause same amount of heavy rain and winds on the coast, when it moves inland across the carolinas. not looking great for memorial day weekend. several inches of rain for beaches here of south carolina. look at the forecast as we go through the next couple days for georgia, north carolina and south carolina, not great. here is memorial day outlook for saturday and this is the setup for much of the weekend, that system continues to linger across the west and plain states and southeast, not fun. in the northeast, high pressure, looks like it will protect us, we have to watch the forecast. >> thank you. >> todd: veterans and know ares rally behind daniel penny, the marine veteran facing s

a slow-moving front could lead to storms for montana and through to west texas. flag warning for minnesota and north dakota right through this evening. it goes without saying, be careful with fires and holiday cookouts. >> air travel in the united states just hit its highest level since the pandemic as millions take to the skies. their work more than 2.7 million travelers screened at airports on friday alone. that is the highest checkpoint volume since november of 2019. yes, as we have told you before, pack your patience. you will have a lot of company. >> the shuttle was late. our dropping off our car was late and we got here late and then there are immense lines. everybody seem to be cool so that is a positive. >> so next year will you travel on memorial day weekend? >> no. not even. >> okay. so millions of americans are also hitting the roads. as we hear from mike valerio lower prices at the pump mean record levels of traffic this weekend. >> not only are we above the busiest freeway it's also the busiest interstate across the united states. you can see this a

. >> wendi's story starts here in west texas. >> st.is a funny little town because it's so isolated. there are just acres and acres and miles and miles of nothing leading up to san angelo. >> it's pioneer country, ranchers, people who go to church, have very traditional values, marriage, family, raising your children right, these are going to be the priorities for most people. >> we're out here on our own. the closest town of any size is an hour and a half away so the people take care of the people here. ♪ sombre in the 1980s, in san angelo, texas, a bright girl, wendi mae davidson gross up. her stay at home, mom, and her younger brother, marshall. >> wendi was happy little child and it almost became her life. by the age of seven she knew she wanted to be a veterinarian when she grew up. >> she excelled as a student. she was derivative unanimous lot of ways to succeed. >> she took part in future farmers of america events and volunteered at a local vet clinic while she was still a student at water valley high school. >> when she went to

this is west texas intermediate, just above 68 bucks a barrel. bad news coming out of united airlines. the company tells the san francisco business times it's cutting back on the number of hires at sfo, and its expansion won't be as expansive as first announced. the slow return of tourism to asia is to blame. and apple is not selling as much as it used to. its stock is down 2% premarket. people expecting bad news, perhaps. apple has so much money it could announce it could buy back more stock and pay out a big dividend to investors. we shall see. the fed did, as expected, raise interest rates a tenth time up a quarter point. and in a conference the fed suggested they are done for now, no hikes for the next meeting. the hikes are designed to slow the economy and fight inflation, and they had a side affect of causing a problem at banks, particularly small banks. there will be a committee for holding executives accounting for banks, and this is scheduled next month, but not today. we get the big jobs report today -- or tomorrow, rather. hints are th

parts of west texas and the rockies could see storms.he forecast includes damaging winds and large hail. meantime, the south could also see some gusty winds and dangerous surf along the coast. heavy rain is expected in the carolinas and mid-atlantic, but as you get further north, you will start to see those sunny skies. >>> an american woman has reportedly lost her leg in a shark attack in the caribbean. according to police, it happened on wednesday when the 22-year-old connecticut woman and a friend were snorkeling at a resort in turks and caicos. police say the woman is in hospital in serious condition. an excursion company in the area says a caribbean reef shark probably attacked the woman in what is known in diving circles as a case of mistaken identity. >> in my opinion, in this situation, based on what i've read and what i've heard, you know, they're swimming in clear water, they're offshore. there was a reference of it could potentially an caribbean reef shark. but from what i'm hearing about the loss of limb, it could have been a

and when we talk about what happened in west texas and the results are so different, look, all those years later, the government agencies under better the absolute need for restraint and they're showing it. the second point that needs to be made and please never forget this i have spent so much time now with agents, the atf, people from the fbi and the surviving davidians for where waco was concerned, and particularly after ruby ridge for atf, for fbi, the best possible result would been a clean operation where was not a single shot fired, where everyone was gotten out alive and we could all work from that. that is what both those agencies wanted and needed at time. the only the third group involved, the branch davidians, was the only group that had death as part its agenda. and that's an important thing to remember and i think it really can tell us a lot about joined mutual responsibility for the terrible things that happened legacy of rage the memory of what happened at waco and that that memory has gone through funhouse mirror a couple of times and that's why we need books like yo

we have flash flood concerns and severe thunderstorm warning in effect for west texas.reat today with risk for tornados from texas through oklahoma, up toward kansas. we will be concerned with this area, potential for ef-2, especially in the afternoon hours, if you live in the areas, including oklahoma city, have a way to get watches and warnings. tomorrow not much change, slow-moving system and potential for severe storms and heavy rain causing flash flooding and that extends to the midwest. here is heavy rain setup. area of low pressure across the west and high pressure over parts of the gulf coast and the south and that will bring in moisture from the gulf of mexico. it will be a good news story ultimately, they need to see thein ra, too much will cause flash flooding over the next couple days. five to eight inches will end the drought, we are getting there, we do not want to see, we need to see rainfall in some areas. severe risk, foxweather.com will have the latest. >> ashley: former austin army sergeant daniel perry sentenced to 25 years 234 prison for murdered a

we were down at $63 at west texas intermediate last week, and now we have bounce back a little bit. katie: you would not know by looking at the stock market but this was good news for the fed. the numbers pretty much came in on the screws in april. month over month headline, and core inflation around 0.4% down. that was the estimate. core isn't -- core inflation year over year is around 5%. 4.9% in april, and the estimate had been five percent. headline cpi on an annual basis is now below the core figure. the 4.9% is the first time that measure has been below course in two years. our lowest reading in two years. as the gap grows, even though inflation is moving the direction the fed wants it to, it poses an interesting question. matt: i i am excited to ask matt hyman what he thinks. we caught up earlier with bill dudley who told us how the fed will react to the report. >> we will keep rates at this level or a little higher until they are confident inflation will get back to back -- back to 2%. they need to see more softness in the market and reduction in weight inflation. and more c

west texas down a little bit. >>> to bertha coombs for a cnbc news update. >> house speaker kevin mccarthy striking a more optimistic tone saying the house could vote on a deal as soon as next week. the california republican said he thinks things are in a better place today than a week ago and that he sees a path to an agreement. other republicans have said negotiations are not close to being done >>> some conconservatives are pushing for a border bill to be added to debt ceiling negotiations on thursday morning, members of the conservatives republican study committee sent a letter to congressional litership and both sides for both sides calling for the border to be included in negotiations it was unclear if this late request will hamper the 11th hour deal-making >>> and rafael nadal announcing today that he will miss this year's french open due to a lingering hip injury the 37-year-old tennis great also said he expects 2024 to be the last year of his career. he is a 22-time grand slam champion including an unprecedented 14 wins at the french open. i can't imagine it without rafa anymore.

parts of west texas and the rockies could see storms. >> and the south could see gusty winds and dangerous surf along the coast. heavy rain is expected in the carolinas and mid-atlantic. further north, you will likely see some sunny skies. some of that weather could impact travel plans for the millions on the move this weekend. >> the transportation security administration says it is planning to screen about 10 million airline passengers between thursday and monday. delta air lines says holiday weekend ticket sales are up 17% from last year. the airlines insist that they are staffed up for the increase but worried that the federal government could cause delays because about one in five air traffic controller positions are vacant. for some passengers the price of a ticket is their biggest worry. >> way more expensive. i looked at it internationally, it is cheaper to fly internationally and stay at a hotel internationally than it was domestically. >>> the ron desantis campaign is revealing how much he raised one day after joining the presidential raise. >>> and taking on russian missiles wit

west texas, parts of the panhandle of oklahoma, parts of western kansas.he most drought going on in the country, so we really need moisture. unfortunately we're getting it over the memorial day weekend. gillian? >> we definitely don't need more rain here in washington. if you could put that out with the weather gods, we would appreciate it, rick. >> do my best. >> thank you. john? >> you can be compassionate but not foolish. >> we're inviting in like a magnet, everybody come here, collect all your freebies, we're going to give it to you. every sucker in here is going to pay for it. >> tensions flair in chicago about a plan that would relocate 400 migrants currently living in police stations across the city. beginning june 1st, the migrants would be moved to a college on the city's northwest side, wright college, where they would stay through the beginning of august. our next guest supports the plan, saying that desperate times call for desperate measures. he's a chicago alderman representing the 38th ward. nick, good to be with you. moving migrants into sc

west texas, and the rockies, could see storms, forecasting damaging winds, and marshall. in the meantime, the south could also get gusty winds, and dangerous surf along the coasts. heavy rain, in the meantime, expected in the carolinas, and the mid-atlantic. but, good news, as you get farther north, you will hopefully see some sunny skies for that long weekend. still ahead, russia, moving tactical nuclear weapons into belarus. what could, possibly, go wrong? it is not just dangerous, but one of the world's leading experts, telling us, it is also leaving. a farmer in japan, in police custody, following a rare killing spree leaving four people dead, including two police officers. the latest, just ahead. when it cocomes to longevity, who has the highest percentage of its vehicles still l on the road after ten years? subaru.. and when it comemes to value, which brand has the lowest cost of ownership, lower than toyota, honda, or hyundai? subaru. it's easy to love a car you can trust. it's easy to love a subaru. up to 8 weeks of relief with cytopoint. that's a lot more fun tim

if you big housing west in texas more especially focused, i thinking maybe something georgia or in florida. and this general area does look quite wet to the east as asked in his span. you're a pretty big dime, pulls a full cost here. and despite the heat through much of central america, there's an increasing crowd and ready to pretend to bring that down as well. mexico shuttles look a little less by the time you get to sunday, but it's not the dry country. the, the belt that goes around the well, that produces this right. and it goes north and south of the sun is sitting here at the moment. so maybe northwestern columbia is particularly at risk from heavy down, both of them and to the size of the seasons, find the co top with itself, sunset goes down to 16, decreases buses of snow in the andes or the welcome back of your mind about top stories here at this hour, so the amazon me on the part of military rapids support forces have agreed to a short term. serenity of interest ceased fine ago, shaken by the us and saudi arabia will come into effect on monday night. russia says fine says from t

at this time we thought west texas intermediate 90 bucks a barrel instead after six handle.s this clear sign we're heading into the recession? >> this is a sign the world economy is slowing far more than what we anticipated several months ago. yes in a way it is. it compliments expectations of a recession. this is a big surprise. i think you hit it right on target when you said not that long ago we were looking for oil at over $100 a barrel. now it is under$5 -- $75 a barrel? there has to be slower demand for oil despite the reopening of china's economy. charles: maybe china's economy is not living up to the hype. i got less than a minute. something you talked about the vacation season. i read some articles yesterday, maybe americans are getting used to inflation. if that is the case it is a bad thing. why is that bad? you know, i mean we get to used to paying high prices. here is the headline from the journal. >> here is what i think is bad about persistently rapid price inflation. that is, it creates distortions as far as we're going to invest, where we hire workers and so

it writes it's going to conduct targeted enforcement operation in west texas.ration enforcement will process individuals for vetting and placement into title 42 expulsion or title 8 removal proceedings as applicable. non-citizens who pose a threat to national security or public safety will be transferred to ice for detention. not everyone is thrilled to see this written out. border patrol union says nothing like publicly announcing that dangerous people will be arrested. while warning them ahead of time exactly where to run and hide to avoid arrest. this entire operation is a sad joke. another pandering p.r. stunt. serious law enforcement leaders don't behave this way. the biden administration says it is prepared for the end of title 42. 1500 service members are being deployed on the southern border to help dhs with administrative task and the government has set up migrant processing centers in central america. stem, some believe the white house has no idea what's truly coming. >> i think come thursday, it's going to be the biggest we have ever seen. more and m

justice scalia when he died, he literally was staying for free at a west texas hunting lodge owned byiness person whose company had recently had a matter before the supreme court. is this not just simple corruption that thomas learned from scalia and is now practicing it for himself and his family. >> it's been going on in this court for quite some time. at least we have the ethics in government act which requires disclosure of these gifts and it's a law, and they need to comply with the law. if one of the liberal justices do this y can guarantee you that jim jordan would have had them impeached in the house this morning and walking the articles of impeachment over to the senate right now as we speak. the same standard should apply to everybody. this is unacceptable. we have never had something this serious on the supreme court with a single justice receiving that many gifts, undisclosed gifts from the same person. this dwarfs by far the incident with justice ford, 1969, where he was persuaded to resign from the court because of a single payment from a businessman that he actually ret

and the shouts here at west texas, oklahoma. i'm not particularly big. they might be big in florida. they might be big in the bahamas and down through hispanic mueller. maybe eastern cube or in jamaica savings through mexico goods. but it shows that nothing unusual for this time. the, as is the case in south america, the likely heaviest and this normal belt of re using western columbia may be and i could go on the line. it shows my joy, i down to was the river plate where it was so boom, recently you knowledge and teen. and sheila attempted to come down to normal or bit below i of the approved or reject the most progressive constitution ever proposed for any nation in history. yes, for chile folks, even though the big picture, aust, why a question. the builds into the very foundation of julie into the dog called if it's relationship with indigenous people. them a boucher and the missiles, the big picture coming through on that, which is a unique bowman processed by a palestinian nowadays using a symbol of national identity to create postage and passport

benchmark, west texas intermediate, back above $70 but as you can see, this is a little blip higher but it's just a blip over a longer term down trend. and then kelly mentioned the rough week overall i'm going to show you how rough it was for the western u.s. regional banks that have been closer to the epicenter of the silicon valley bank. pac west, over the last week, is down 44% western alliance, over the last week, down 28% and szion's bank in utah, a rea ripple effect, off about 13% over the last week kelly, i'll point out, if you look at pac west, over the last 12 months, it's lost about 68% -- or 86% of its value 60% for western alliance and 58% lost in zion just in one year. so by no means is the banking turmoil over, but hopefully for some, it's stabilizing >> dom, thank you very much. >>> now to the april jobs report, which in my opinion came in way better than expected. non-farm payroll up by 253 overall. the unemployment rate to the lowest level since 1969. so good news like this is supposed to keep the fed in tightening mode, but why are the banks taking it so well? welcome

i know you feel like out in west texas, where you all are.> steve: why is that? >> well, because at the local level, our sheriff's department has been told to stand down. the border patrol is completely gone because they have to process. so i would say at least 90% of them are not even watching the border anymore. they are all processing. and then as far as medical services, where i live. i'm about 30 miles outside of el paso. if we go to the hospital, the hospitals are completely overrun. and in addition to those scoolsd that are being used, there is also three churches now that are going to be volunteer to help process migrants also. >> steve: yeah, everything is at the bursting seam level. rosy, i understand that a couple of days ago. you called the cops and you said there are migrants in the corner of our apartment complex. and they came and they shoed them away but you shouldn't have to do that. >> exactly. what i'm seeing is, i guess they're the getaways. and it was a group of like 10, 11 people like three males, three females and the r

that is now reversing, and people are moving down, back down to the south, the west, texas, and the norbpty thed -- the northern states are being emptied out. and the problem is they have locked in their spending patterns in a way that they can't replace. they're losing revenue. they're losing their tax base. and the question is, how do they make that up? there is no way for them to do it. and so the cities, the social life of these cities is beginning to erode as we're seeing in chicago and new york, baltimore with all the crime that emerges. and it seems to be just a kind of unfulfilled prophesy that keeps going and going. i really do not see it turning around, charles. charles: kim, on that point, in economics we often talk about economic death spirals of sorts, and this is part economic, part societal, but it feels like a death spiral. at this point you wonder if someone has the most ingenious blueprint, could they even execute it? >> no. i mean, and that spiral is worth dwelling on a little bit, you know? you have people leave, you have administrations decide that they aren't going

moments ago, nice break of west texas intermediate.athan: two banking names get our attention, pacwest western alliance got hammered yesterday. western alliance down 4.6% and still at 2 p.m. eastern time, we expect the federal reserve to hike interest rates. bruce casper wrote this? - let's have a look at that quote. tom: it's a hawkish bias. we will see with the template is here at 10:00 a.m. michael mckee will ask questions later on. bruce casman joins us from jp morgan, the chief economist. the imf stunned with a five-year view of tepid global growth. west texas intermediate has a 69.0 we are already at 69.57. is oil the one metric leading us to a global slowdown as the imf called for? >> i don't think right now oil, given everything that's happening geopolitically and given how the market is segmented is its telling you very much about growth directly. i will put more weight on what we are seeing in terms of the survey data. the u.s. is pretty sluggish and is probably lagging the rest of the world local growth is actually picking u

demand in brent, west texas intermediate global demand coming much lower than anticipated. that is reflection of this chart right here, how very aggressive yay powell has been on quote, unquote, reign of terror of his. charles: by the way we're not talking about pivoting, coming back down, doesn't pay powell we've done this. this number is higher. we're 5%. so it is highest in history. you know the question will be pointed, right? they will be asking about this, i don't hoe how you dodge this without, did you hear pause, did you hear pause in opening statement? >> i heard opening for a pause but i did not hear a pause. there was nothing definitive what was said would signal that. what you pointed to, that straight line across the top of that chart means jay powell intends to maintain high interest rates for a long time. that is really never been done. 2000, the end of the campaign that alan greenspan started 17, 25 basis-point hikes in a row, that is long as we were able to stay a few months before they eased. i think he reiterates they're not in an easing stance. markets s

the market was positioned come on west texas for example, oil prices actually fell back to levels before that intervention. we are at the upper end of that range. yvonne: we are seeing this whole chinese demand story did not play out as expected. copper below 8000 right now. that is weighing on the whole commodity complex. then we have been a kiwi dollar, the stowage hike wrongfooted a lot of traders out there. -- dovish hike wrongfooted a lot of traders out there. rishaad: the kiwi is down 11% against the dollar. so there you go. david: the aussie is up against the kiwi dollar. we will get more details on this in a couple of minutes. i believe the press briefing is coming and the good governor will tell us why they chose to do this and how much conviction they have. yvonne: is this end of tightening a little bit premature given inflation and how sticky we have seen it in new zealand and the united states as well. yvonne: we have plenty more to come. this is bloomberg. ♪ he snores like an angry rhino you've never heard an angry rhino baby i hear one every night... every night. okay. i'll

if we look at oil, and i'm not just talking about west texas the intermediate which is -- oil's having an ugly day, not to mention an ugly month. we've got oil at the moment considerably lower, and then what you see as it is certainly below, let me see, we got it $68.27 at the moment, ark rbob gasoline -- arbob gasoline is also falling. that isn't necessarily a bad thing for the consumer out there, we like less expensive energy, but what is that telling you, and how do you invest through something like that? >> well, what that easel thing us is that there is a slowdown, a pretty sharp slowdown coming in the economy. the commodities are anticipating that. the consumer, as jon mentioned, has started to cut back. and the only way that the inflation horse will be back in the barn is through a pretty dramatic contraction in the economy. there's just no way around it, and that's what we're perceiving a lot of signs in the market telling us, for example, the inversion of the yield curve. so you have to be ready to invest in a market where the economy is contracting, and that's a pretty off si

they are at over 124% average over capacity, over capacity, almost every border sector except for west texas is over capacity and if the ngos and the border communities cannot take care of those folks and they are over capacity, they are going to start doing street releases and again, i've been told they have been instructed to go to street releases if they have to. that image, it's a powerful image is not good because that means more and more people are going to come in. the numbers i've seen, estimates, over 150,000 people on the northern border states, the mexican border states. if you include the ones entering the pipelines, the ones in central america, you've got hundreds of thousands of people that are heading to our border and if we don't put any consequences, which means deport people, then this number is going to keep increasing. >> john: we are also hearing people may be released into the united states without being first entered into the system, given a notice to appear but no way to track them. the city of el paso is already under a state of emergency, you can imagine what will h

be more intense, i think in florida and probably in georgia, maybe in possibly uh go ahead and west texas. but generally speaking of states, a fairly quiet and as they should be western kind of the good news that raises intensive fine coating things down. and dumping defies the disk in reading is taking place during a critical time for the global economy. we're going to hear from a slate of pump leaders in business and government. you'll speak to why we need to strengthen our trading ties and vicious brain transition plans enclose the skills graph that so many companies are struggling with the cultivating food is the foundation of human civilization. but food today is a global commodity. 50 industry did not make money, how many people will be on and how it's cultivated, the contentious debates, public interest and the public safe. the is definitely not taking precedence and in depth examination into i agree basis. and the conflicting interests play, industry doesn't want any regulation. they just want to predict products and the market. the price of progress on o g 0 the, [000:00:00;00] t

from santa fe back to west tex texas. through denver, cheyenne.ill fire again i think in the same places tomorrow. the swings into the carolinas tomorrow. charleston, myrtle beach. over the appalachians. about as far north as delaware. a rough surf. but the rip currents will extend all the way to new jersey. back down to florida has so many people had to the beaches on this holiday weekend. whit. >> whit: we will be tracking it closely. member of the oath keepers sentenced to prison. just go walk-ons, who trained other members to fight in the military stack formation. the judge calling her more than a foot soldier, and another sentence handed down. here is keir thomas. capitol just 24 hours after the founder of the oath keepers was sentenced to prison, judgment day for one of his top lieutenants for her role in storming the capital. jessica walk-ons was part of oath keepers scene and marching of capitol steps. so-called stacking among the sea of protesters. tonight, what can sentenced to nearly nine years in prison. the judge citing her role in tr

w, and is that is frank back which led to the west state of texas. now where 9 people, including the gunmen, have been killed in a shooting at a shopping center. several people have been hospitalized. it is the latest in a state of mass killings across the united states. sounds of gunfire. st. panic shoppers running for their lives. people who begin their day with a plan to go shopping to their last press on the sidewalk, outside of a shopping. no witnesses say a gunman stepped out of a car and began shooting a lot of no or heard about like 10 pop. so off i look at the customer next to me as, as like, was that gunshots and you're like, no, it's probably just construction or something. and then like for $1015.00 more shots go off. and so i ran to the front of the store and they're like no, that's shooting and we see the guy, there's this guy dressing all black wearing of this as an assault rifle shooting at people. police responded quickly, but not before many lay dead. and several people were critically injured. some of them children at $336.00, our

i need a $66 print on west texas intermediate. they can get it. 67.06.the supply microeconomics is to boost lease price -- to boost the price. lisa: you know who does note? chat gpt. there is article came out. they are higher chat gpt to handle -- which i think is pretty much on brand. that is why i am hearing from people who are in school. tom: can i go and do math? take the longest series i have which is saudi light series back to the 1950's pre-nixon and all that. i look at the collapse of 1986 and you compare that move to now and it equates to 40-41 dollars a barrel. we are basically halfway there to 1986 kind of feel and a plunge in oil. we are nowhere near the agony yet but there it is. lisa: how does riyadh handle russia? tom: will that will kennedy and our world-class team discussed this. it is a theme here into juniper you'd tomorrow on the program sell in may and go away. we will have that for you completely. stay with us through the day. this is "bloomberg surveillance." ♪ look, it's great that you use workday to transform your business. but i

a deadly shooting at an outlet mall into the west state of texas. 9 people are killed including the gunman. several others have been hospitalized in critical condition. plus, got phase. after the pump and pageantry of the coordination of people in the u. k. feel about king charles the 3rd and queen camilla making it official. the hello. i'm clear, richardson, thank you so much for joining us. rushes, wagner, mercenary groups as moscow has promised to deliver the weapons, it's demanded to fight ukrainian forces in the eastern city of box notes. and this also comes as the head of the u. when's nuclear watchdog has warned of a potentially dangerous situation around the russian hilde's operation? nuclear station officials installed by moscow has the gun evacuating people nearby of the ukrainian troops, bitterly holding on despite the onslaught. the soldiers on the outskirts of the eastern city of buck mode say, russian forces have been thrown everything. got them in recent days. but they're not about to give up. good, i need isn't what the enemy has been trying to storm out from the positions