annual update on the esg program. similar as kurt was saying to the updates we have done in the various asset classes and functional areas. this year we tried to change the format a little bit, provide a few case studies and dive if to the initiatives and activities we do to make it maybe a little more tangible in terms of the work we undertake. wanted to start by just reiterating a couple things that kurt said and laying the groundwork that we really try to continue to be a leader as a plan and incorporating esg factors into the way we manage the plans assets. we do this through a 3 pillar program. the first pillar is active ownership. the way we are engaged investors, promoting good corporate governance practice with the managers and underlying companies we invest with. second is integrating esg factors into our investment management process the way we select our managers we allocate to and ongoing man agement of the relationships and third is the way we collaborate and communicate with our steak holders and other i

this is the growing movement in pushback along esg and woke capitalism. we know esg is a scam and it does not work and i think as we saw here just recently, you had blackrock actually close one up there esg's because that was a lack of interest in it. the people are speaking on this and they're going to pay the price and i want to be clear, just earlier this year that was 10 trillion. they've lost $2 trillion becaus of this faulty and phony esg investing scheme. >> blackrock ceo isn't just popping up on the esg issue and political movements as well. >> long-term is not something that is a topic of the day. let's be clear, this is not about long-term, this is about the moment. one of the greatest reasons we have inflation is because of populism. for doing things for the short term. >> now they are poorly threatened by the america first movement, the economic populism they are all about one global governing system of which esg i just part of the uk equation picked does this make sense to you? >> absolutely not. it is very clear that the other elite globalis

republicans on the house judiciary committee plan to investigate esg. that they take impact of climb investment before putting money into an entity. lawmakers think doing that could be a violation of antitrust law. six republicans writing a letter to climate investment groups questioning them over esg policy saying this, esg at its heart, radical partisan activism masquerading as responsible corporate governance. these practices may violate the antitrust laws. we must be relentless investigating them. the idea behind esg it might help protect investors from volatility and risks associated with investing in things tied to the energy market but in 2022, the 10 largest esg funds posted double-digit losses including blackrock's 20 billion-dollar fund and vanguard five billion dollar fund, underperforming lagging behind the s&p 500. republicans in the senate also say esg steered investment hinders investment in u.s. oil and gas which just makes energy prices higher for everybody else. >> i mean that is a very significant issue as well, the whole esg thing wh

sorry to be a downer on this, this esg stuff, i'm so glad hillary stuff pointed out esg funds were big losers this year, this year, not a good investment strategy. now if people want to take their money and express their values in their invests that is up to them but it looks like we have a problem with governments, state governments in many cases, we might talk about your state, and wall street institutions pushing for political changes whether it is on climate or other issues, that the average investor may not realize that they're even funding this stuff and they don't want to? >> well you know, my state employees who rely on the revenue from the state pension which is one of the largest in the world, they assume that those fiduciaries are trying to get the greatest return for them. they're not assuming they're trying to move a political agenda. in many cases as you said earlier, as the lead-up said, we are driving up the cost of fuel and particularly the cost of fuel when it comes to the small and medium business, the people, the wildcatters who go out and get that oil, find the nat

policies saying, no matter how firmly a company or its executives believe in the goals of esg, that belief does not excuse anticompetitive agreements or unlawful conduct to advance progressive policies and idea behind esg is that it protects investors from volatility and risks of investing and bloomburg reporting that in 2022, the ten biggest esg funds posted double digit losses in early december including b blackrock's fund and all performing and lagging behind the s&p 500. republicans say esg steered investment hurts oil and gas and makes energy prices higher for everyone else. >> yeah, that's a very significant issue as well the whole esg thing that restricts financing and dries up the cost of financing and combine with the moratorium on producing energy on federal lands both on shore and off, the lack of permitting and administration is holding up permitting and litigation and all those things not only reduced the supply but they drive up the cost of energy >> congress tries to weigh action here and states are not waiting to act. seven states will pull their fund from blackrock

republicans in the senate also say esg steered investment hindered u.s. oil and gas and makes energy prices higher for everyone else. >> that's a very significant issue as well is the whole esg which restricts financing and cost of financing and combine with the moratorium of producing energy on federal lands both on shore and off, the lack of permitting, administration is holding up permitting and litigation, all those things not only reduced the supply and drive up the cost of energy. reporter: esg crackdown unlikely to pass congress with democrats man tianaing control of the senate and not stopping states from acting. seven states said they're going to withdraw their funds from blackrock over concerns they're putting esg over investors. ed ward. edward: yeah, hillary, money talks too. thank you from capitol hill. new york prosecutor opening an investigation into congressman elect george santos after the republican admitted to lying about his work experience and education. fox correspondent david lee miller in new york. what's the prosecutor saying? >>

esg is radical partisan activism. they say it could violate the antitrust laws and we must investigate them. the idea behind esg is it might protect investors from volatilities and things tied to the energy market. in 2022, the ten largest esg funds posted double digit losses including black rock's $20 billion find and vanguard's during the pandemic 5 billion fund and lagging behind the s&p 500. republicans in the senate say esg investment hinders investment in u.s. oil and gas which makes energy prices higher for everybody else. >> yeah, i mean that is significant, the whole esg thing that dries up the cost of financing, combine that with a moratorium on producing energy on federal lands, on shore and off, the lack of permitting, the administration is hoeding up permitting, the litigation. they reduce the supply and drive up the cost of energy. >> now an esg lockdown won't pass congress because democrats maintain control of the senate. that's not stopping states from acting. seven states said they're pulling their fu

is esg a good investment? if you look at the numbers it might not be, using an asu strategy, oil and gas for example deemphasized or avoided because of climate concerns. have you done that this year? you've missed out on the only positively performing sector in the s&p 500 which fell 14%, the energy sector was up 63%. the biden administration pushing esg just last week, the labor department finalized a rule that empowers retirement plan sponsors to invest based on those principles, you just can't avoid esg. executive pay now is influenced by esg policies, a new survey from the conference board showing 60% of investing professionals expect esg to become the standard. cheryl: i love black rock's response, quality investments, the response didn't say great investments, strong return investments, quality investments. larry fink has been vocal, fine, other states have done this. other states said were not going to invest this way. >> it is a trend that is gaining a lot of momentum. cheryl: look at our portfolios th

we know esg is a scam. it does not work.d i th i thinink as we saw here just recently, you had blackrock actually closed one of their esg etfs because there ans a lack ocaus f interest in . the people are speaking on this and they are going to pay the price. and you said eight trillion dollars in assets underi management. i want to be clear , just earlier this year, that was10 t ten trillion. they have lost two trillion2 tr dollars because of thiillis fauy and phony esg investing scheme. vesting now, blackrock ceo finkc just popping off on the esg issue, but political movements as well. check itvements out. >> unfortunately, the long term is not something that is topical today. about and let's be clear, populism is not about long termism. populism is about the moment. and let me be clear. one of the greatest reasons wec have inflation is because of populism. we are doing things for the short term and now they're really threatened by the america first movement.a first by economic populism. they are all about

a lot of your clients say they care about esg performance or how do you measure your esg performance at tiaa? thasunda: we have always been committed to esg. when i think about our why, clearly we believe that it is core to long-term growth and it is core to understanding and mitigating risk. and we also understand the important role that it can play in society. so our participants are very much curious about what we are doing in esg. nuveen clearly has been a leader in esg. and it is a conversation that we have on campus. it is a conversation that we have at universities and hospitals, etc., so it absolutely is top of mind. david: suppose the president of the united states called you and said, you are so talented, i want you to be in my cabinet. would you ever serve on the cabinet of the president, or you don't want to go to washington at all? thasunda: if a president called me to serve, it would be something to take under consideration but not if it conflicted with being the ceo of tiaa. ♪ david: so, one of your concerns is making certain there is access to financial security. so

republicans in the senate also say esg steered investment hurts u.s. energy, dries up money for oil & gas making energy prices higher for everyone else. >> yeah, i mean, that's a very significant issue as well, that the whole esg thing which restrictions financing, dries up the cost of financing. combined with a moratorium on producing energy on federal lands both onshore and off, the lack of permitting the administration is holding upper mitting, the litigation all those things not only reduce supply but drive up the cost of energy. reporter: but, ashley, with democrats maintaining control of the senate, it's really unlikely that any esg crackdown passes congress. ashley? ashley: exactly. hillary thank you very much. appreciate that. now, this. workers at wall street's biggest banks are now bracing for pay cuts this year. let's bring in our good friend art laffer. art? nearly 72% of these workers said they would consider quitting if their yearly bonuses are cut. how do you respond to that? >> well, i don't know, but i think they are anticipating getti

one of those is the risk that pertains to esg as a big factor there. what was interesting about bluebell going after blackrock specifically is they're a small firm how much ownership did he have in blackrock, he departidn't gi answer therein lies the discussion how much air time should individual investors have given their parnl of ownership as quite small in a firm that runs trillions of dollars in assets. >> this is the big thing about activist investors i used to cover the chemical sector and i had a discussion with one of the big german company ceos he said my biggest fear is not what's happening from a macroperspective but waking up and seeing that they have can have just one share. >>> all right. well, we're going to have to leave that conversation there. we'll have to pick it up when any further developments come up >>> german industrial production fell 0.1% in october the print was better than expected despite rising energy prices across europe, beating reuters's forecast of negative 0.6%. >>> oil is trading cautiously lower in anticipation of

, doing too much on esg? seems like there's a little bit of both in there >> well, i would say that we are desiring a need for doing too little, not too much main critiques s doing what the say they're doing. ask me, much worse position in the public debate. >> we went to blackrock, of course, and asked for a statement on this campaign that you have launched. here's what blackrock spokesperson tells us. in the past 18 months bluebell waged a number of campaigns to promote climate and governance ag agenda blackrock did not support their campaigns and did not consider them to be in the best economic interest of our client you have been pushing blackrock to join you in some of these esg fights and blackrock does not how do you respond >> well, i don't think -- i don't think that trying to convince them, you know to do anything what i really deviated over the last almost four year, 18-month period, is documenting that blackrock got all the relevant information to make the best in the index of declines and i can m

the whole esg thing. combine it with the moratorium on producing energy on federal lands, the lack of permitting, the administration is holding up permitting, litigation. they reduce the supply and drive up the cost of energy. >> esg crackdown is unlikely to pass congress. democrats maintain control of the senate. it is not stopping states from acting with their dollars. at least seven states announced plans to pull funds from black rock over concerns that they are putting climate over investors. julie. >> julie: thank you. >> rich: house republicans officially take control of the chamber in less than a week and the committees that come with it. party leaders are promising a flurry of investigations designed to serve as a check on the white house. let's bring in jason chaffetz former republican congressman once chairman of the house oversight committee. he is also a fox news contributor. jason, look at this list that republicans have publicly mentioned of items they would like to look into. hunter biden's

more on esg which to everybody is on everybody's mind. it goes after american companies but it completely ignores china. so yes that's interesting to make that point. yes. so so elon musk called it a complete sham because exxon's exxon made the top ten list of their favorites and he didn't. tesla didn't. yes and that's the thing. it can be manipulated any way that you want. it's arbitrary. there was a video i was trying to show you it is done by a group called culture war room which just spelled it out. it's a texas oilman goes and sits down in a bank and he to this young employee and the employee sits down and he's like, okay, my pronouns are and the texas oilman is looking at him and then starts saying, what do you do? i'm a driller. i want to hire this. he's like, oh, well, that's really bad the environment, but maybe we can help you. do you have any women? no, they're all men. have you ever as a woman? and he's like, no. and they go through all this criteria that you'd expect. and at the end of it, they're like, sorry, we can't give y

higher esg scores than exxonmobil, and was a fraud. sam bankman-fried made esg talking a dumb. what do you make of all this. >> to me, what we're learning about what a danger the esg agenda is. you have all these big investment firms in this country and you've got an administration a government basically using government power through financial and securities regulators to pressure investors not to invest in certain sectors of our economy, namely oil and gas. but the thing we worry about in the future they start coming after agriculture, farms and ranchers. livestock producers who raise livestock they emit methane. so it doesn't fit within the esg parameters what is approved investment for these liberal, woke, you know companies that are participating in this agenda. so i think this is a really dangerous thing. i think it is something we got to shine more of a light on, expose and help the american people understand what is really at risk here. elizabeth: sam bankman-fried was proponent, so was his parents about effective altruism. we have to ask you this, what is with the timi

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desantis, says back in august he wanted the state to stop considering the quote ideologic agenda of esg investment three other states pulled funding, now we are seeing, these states decide what to do now, as florida becomes the latest to eliminate money in blackrock because larry fink has become environmental police dagen thoughts. dagen: right so four states, but what happens at the state level you got to look what is happening at the biden level, at the national level, so over the thanksgiving week, and "the wall street journal" editorial board wrote about this, the labor department, this was last week fine livee y based on erisa refirment income security act 1974 put your 401(k) to political worker opens the door reversing what trump administration tried to do opens the door for retirement plan sponsors to add this as part of their investment objective. but i do love this because i've told my larry fink story before, on this program, i went to meet with him, in twut, i was told that i was not impressive that i didn't impress larry fink because i didn't swoosh his butt enough he is ge

it would force me to have a certain category and certain on esg to maintain operations in my business. >> todd: what desantis is doing is saying the florida will make the most money, not those that are the most woke. that seems like everybody should follow-up. in the meantime president biden getting snarky with the reporter after that reporter questions him about sick leave from railroad workers. >> do the freight rail workers deserve more than one pay day of sick leave like millions of americans have? if so, why didn't you negotiate for that when you were having to negotiate that contract you want congress to propose? >> i love you guys. i negotiated a contract no one else could negotiate. you know, i've been trying to get paid leave not just for rail workers but for everybody. >> todd: it seems to me he's a little deepened defensive something he couldn't handle to congress to handle. what say you? >> that is exactly right. it is funny he said he's been trying to negotiate to get more paid leave for the rail workers. meanwhile, he had no problem bypassing t the $5 billion, $10 trilli

among them, utah attorney general sean reyes who wrote an op-ed about damage esg policy are having on the economy with tens of trillions of dollars at stake. joining me right now is the man himself, utah attorney general sean reyes. a.g., thanks very much for being here. i want to ask you about this whole of government approach to esg and how you were actually successful in beginning to get some of these big-moneyed institutions to shop stop pressuring -- to stop pressuring banks to not bank fossil fuel companies and get out of this climate change agenda. tell us about your work. >> yeah, thank you, maria. merry christmas to you. it's not just banks, it's asset managers, it's companies, it's government agencies. and one of the things that we just had great success on, we asked the federal energy regulatory commission, ferc, for a hearing to look at vanguard which had just applied for, again, for investment with public utilities, to look at vanguard and the effect that its stated esg policies would have on prices, on grid stability, on inflation. and we asked ferc, that ferc make sure

firms like blackrock, vanguard and state street over their commitment to esg. details on their plan, next. >> and plus regardless of your stance on esg, energy, both alternative and traditional, is reodl g bullish calls on wal stet tay we'll trade them in three-stock lunch. good luck. td ameritrade, this is anna. hi anna, this position is all over the place, help! hey professor, subscriptions are down but that's only an estimated 15% of their valuation. do you think the market is overreacting? how'd you know that? the company profile tool, in thinkorswim®. yes, i love you!! please ignore that. td ameritrade. award-winning customer service that has your back. you want to see something cool? td ameritrade. xfinity rewards is how we go beyond saying thanks. so we're going to spread the joy this holiday season, the xfinity way. take your trusty sidekick to see puss in boots: the last wish what's a puss in boots? he is me. with buy-1-get-1 movie tickets, on us. in theaters christmas. join for free on the xfinity app. xfinity rewards. our thanks. your rewards. >>> a

who wrote about esg policies and the economy with tens of trillions of dollars at stake. joining me right now is a man himself, sean reyes. it's great to see you this morning. thank you very much for being here. i want to ask you about this approach to esg and how you are actually successful and beginning to get some of these big-money institutions to stop pressuring banks do not think fossil fuel companies and get out of this climate change agenda. tell us about your work. >> thank you, maria. it is not just banks. asset managers, companies, government agencies. one of the things that we just had great success on, we asked the federal energy commission for a hearing to look at what was just applied for, again, for investment with public utilities to look to be affected. the policies that they would have on prices, grid stability, inflation. we, ask that they make sure to hold vanguard accountable. amazingly, they took a step back, removed its membership from the net zero asset managers association. i think, sent a signal to other large asset managers that they have to th

i think investors and investment community don't know how to deal with the esg issue anymore because of so many different conflicting interests out there and also a lack of transparency and consistency of the data and lack of consistency with disclosures. you end with up where investors are getting term sheets and say can i believe the data that is on here and you have vanguard saying we give up. it is too much to comply we will take things into our own hands and try to be as transparent as possible within our own separate portfolios. we will not adhere to an industry structure for where we need to get to in terms of emissions. to what we were discussing yesterday, there are pushes on both sides some people want more and want asset managers to do more on the esg front and others say they are wasting their time devoting too much time on the objectives. >> i guess the big question is where does the onus of responsibility lie is it a responsibility of the asset manager or is it a responsibility of the corporates where they invest funds or is it the responsibility of governments? you hav

who's responsible for building esg into your investments? at pgim, the pursuit is on for outperformance. as active investors, to outdeliver with customized strategies, integrating esg best practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. the investment management business of prudential. >>> the nasdaq still getting hit the hardest. joinings us is bob greifeld. great to see you this afternoon. >> my pleasure, carl >> on tech, we all know how it's underperformed and how overpriced it may have been at one point. it sounds like there are pockets, at least, that are underpriced. >> no do you about that. i think you have heard many times in the last couple weeks, about this going to be a stock pickers' market. tech as a monolith doesn't apply. you have to break it down into component pieces, like exactly at what the fundamentals are for each segment certainly as we look at 2023, i'm quite bullish on large sectors of tech,

that's the esg pressure. they are already doing it. they are going at the private sector to do their bidding. if you can cut off oil companies from being able to take off loans you undercut the business without getting rid of the second amendment. that's their goal. dan: i didn't factor melugin in. >> he has a blow dryer at the border. dan: i am talking to pete about his hair. don't cut that out of the show. apple just sided with the come commies. dan: it's easy to look at the censorship going on in china and say it can't happen here. here is how it looks in china right now. the american media covered the rare protest. but in china any traces of unrest are wiped off social media platforms. the protests are not rare. the censorship is ubiquitous. apple stepped up to the plate to help them out. apple restricts air drop file sharing in china. apple caves to communist china and the ceo, tim cook refuses to talk about it. >> do you support the chinese people's right to protest. do you regret restricting air drop protesters used. do you thin

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what are the characteristics of esg in china right now? >> we see china is really committed to esg more than ever. we are seeing that esg is mainly driven by public pressures, shareholders, focused on corporate self-governance. but let's not forget esg in chin a is really driven by ideologies from the central government but also the communist party to make initiatives. one is carbon neutrality -- through many initiatives. one is carbon neutrality and carbon prosperity. so they focus much less on self-governance but are more focused on corporate compliance. >> so, how do these characteristics also combined with the fact that china is slowly trying to exit covid zero , and the pressure this puts on these companies as well? >> obviously at the moment, we are seeing a lot of pressure on companies because of what you mentioned, with covid zero. there are a lot of markdowns, but also impacts on projects, construction, and development as well. over time, china has already developed a strong competitive advantage into areas -- in two areas related

we'll document that next esg is responsible investing. who's responsible for building esg into your investments? at pgim, the pursuit is on for outperformance. as active investors, to outdeliver with customized strategies, integrating esg best practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. the investment management business of prudential. new customers get our best deals on all smartphones. that's right! but what if i'm already a customer? oh! no problem! hey, cam? wow! same deal! yeah! it's kind of our thing. wow! that's a great deal! what if i'm new to at&t? cam, can you? nice! hey! but what about for existing cust- it's the same deal! it's the same... is he okay? “it's not complicated.” with at&t new and existing customers get our best deals on every smartphone. >>> welcome back to the half time report. i'm kate rooney. here's our cnbc news update at this hour. a qanon follower who chased a u.s. capitol

esg scores, are based on a set of totally arbitrary standards. in the action it could happen and have kneecap thing great american companies overnight. >> the entire esg movement, is another way to circumnavigate around their american. >> now then, states has pulled tens of billions of dollars in their pension funds. backflip entities like black rock. and that is just scratching the surface. but it looked like vanguard to pull out of the est world. it is just at the tip of the iceberg? >> it actually isn't one of the things to understand here this is just one more aspect of whether it is the tiktok stories. or the covert stories. our elite selling us down the river. i'm really trying to engage in so many different behaviors, and putting this veneer over everything that you do, as if they have the moral authority to do so. and they know what's right and you don't. you're too stupid as an american, to know what's right for you. and we know better. that is something that we've been fighting against, with you are a conservative, or populist, where th

well, you can actually argue things like investor in nuclear power is actually very esg. you can argue that invest in in gas for the transition purpose is also very esg because right now because we haven't actually managed our energy security as well as we should have done, we're going to have to light up the coal fired stations that we've got left. do you know, i think that's a good thing because in favour of i think thing but you've got a country having no you're country having power. no you're , not having power. you're going to our futures. us, you're to steal our futures. us, you're going destroy planet . and going to destroy the planet. and i to myself in i was going to lock myself in a country on the m25. yeah. i mean these arguments that get these are the arguments that get put but emotional doesn't put and but an emotional doesn't put and but an emotional doesn't put the table doesn't put food on the table doesn't put food on the table doesn't put on feet and it put shoes on your feet and it doesn't keep your house warm having plan properly having a decent plan p

that's your esg fast fact of the day. our clients come to us with complicated situations that occur in their lives. for them it's the biggest milestone, the biggest accomplishment, the sale of a business, or an important event for their family. for them, it's the first and only time. we have seen this literally thousands of times, in thousands of iterations. ♪ ♪ i am vince lumia, head of field management at morgan stanley. whether that's retirement, paying for their children's college education, or their son or daughter getting married, our financial advisors need to make sure that they are making objective decisions, every step along the way. every time you hit a milestone, an anniversary, a life event, the emotions will run high. making sure that you have somebody, a team of individuals that have seen it before, have seen every circumstance and seen every challenge, and have your back when you need it most, is one of the most valuable things a financial advisor could provide to a family. i am vince lumia and we are

well, you can actually argue things like investor in nuclear power is actually very esg. you can argue that invest in in gas for the transition purpose is also very esg because right now because we haven't actually managed our energy security as well as we should have done, we're going to have to light up the coal fired stations that we've got left. do you know, i think that's a good thing because in favour of i think thing but you've got a country having no you're country having power. no you're , not having power. you're going to our futures. us, you're to steal our futures. us, you're going destroy planet . and going to destroy the planet. and i to myself in i was going to lock myself in a country on the m25. yeah. i mean these arguments that get these are the arguments that get put but emotional doesn't put and but an emotional doesn't put and but an emotional doesn't put the table doesn't put food on the table doesn't put food on the table doesn't put on feet and it put shoes on your feet and it doesn't keep your house warm having plan properly having a decent plan p

maria: he's doing to opposite on that with the esg. james: it's got to stop. i also want to flopping to end in soccer. [laughter] maria: alex, good to have you. >> thank you, maria. maria: alex sanchez. the next hour of mornings with maria begins right now. well, the vaccine mandate for u.s. military has, indeed, been lifted, something that you heard here first on this program this week. the house to repeal pentagon's mandate. gop leader kevin mccarthy joined me on sunday morning futures to tell me how he negotiated that in the new congress, watch. >> i had a meeting with the president and laid out clearly with new republican majority. we will secure lifting that vaccine mandate on our military because what we are finding they are kicking out men and women that have been serving, people -- they are not meeting their recruitment, come next week you will see that we have been able to. that's the first victory of having a republican majority. maria: joining the conversation all morning long dagen mcdowell, james freeman and rob asterino. lloyd austin was against

that's the esg pressure. they are already doing it. they are going at the private sector to do their bidding. if you can cut off oil companies from being able to take off loans you undercut the business without getting rid of the second amendment. that's their goal. dan: i didn't factor melugin in. >> he has a blow dryer at the border. dan: i am talking to pete about his hair. don't cut that out of the show. apple just sided with the come commies. if your business kept on employees through the pandemic, innovation refunds could qualify it for a payroll tax refund of up to $26,000 per employee. all it takes is eight minutes to find out. then work with highly qualified professionals to fill out your forms and submit the application. go to innovationrefunds.com to learn more. in a recent clinical study, patients using salonpas patch reported reductions in pain severity, using less or a lot less oral pain medicines. and improved quality of life. that's why we recommend salonpas. it's good medicine. the virus that causes shingles is sleepin

esg is responsible investing. who's responsible for building esg into your investments? at pgim, the pursuit is on for outperformance. as active investors, to outdeliver with customized strategies, integrating esg best practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. the investment management business of prudential. if your company actually practices the values that it posts about, then, yeah... you're on team earth. >>> welcome back to the half time report. all right, let's look at nike. you've got it. that's our chart of the day obviously. shares of nike are surging after beating estimates. the move helping to boost the dow today. in fact obviously the biggest point gainer on the dow. it is actually the best stock in the s&p 500 as well if you remember from such shows as yesterday we talked a lot about it with stephanie link who was on video today stephanie link's on a telephone, but we had to bring her back in because she talked up nike. she

we are going to have to do carbon emissions reports on small business customers. >> what about that esg policy the climate change agenda, is a whole of government approach every agency, is appears to be involved. >> you know it is crazy. these corporations should about focused on increasing jobs, increasing wages for their employees, not all this woke politics, esg policies, they need to be focused on the bottom line of their shareholders, i think there is a true issue, the fact that all these woke executives have shed the american identity for corporations become beholden to esg beholden to china i think, republican controlled house of representatives, we are going to have every committee looking into those policies. >> what are you going to do about irs congressman? because i thought this op-ed in journal was great the irs goes after your side hustle basically saying that their digging around to discover if you reported that extra 600 dollars from selling grandma's heirlooms at garage sale reading editorial boards op-ed biden wants to spend 80 billion dollars for 87,000 new irs agents

esg is responsible investing. who's responsible for building esg into your investments? at pgim, the pursuit is on for outperformance. as active investors, to outdeliver with customized strategies, integrating esg best practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. the investment management business of prudential. you want to see something cool? xfinity rewards is how we go beyond saying thanks. so we're going to spread the joy this holiday season, the xfinity way. take your trusty sidekick to see puss in boots: the last wish what's a puss in boots? he is me. with buy-1-get-1 movie tickets, on us. in theaters christmas. join for free on the xfinity app. xfinity rewards. our thanks. your rewards. ♪ ♪ >>> i've got a nice little gain goi going and it's called invest my trade. bryn is going to grade hello, halftime, my name is richard kay from new jersey. i wanted to ask you a question in recent weeks i sold common stock equal to my equity exp

we have to get her back on to talk about the new esg. the war in ukraine -we were-looking at coal prices . -- we were looking at coal prices. lisa: coal prices were obsolete until they weren't, which raises some questions about the transition to esg for a lot of the oil majors and how that shifts as we focus on making it through right now. tom: i don't know the linkage to the war, but there is a new humility in esg and savita lead on that by avoiding the rah-rah and looking to a more statistical basis to evaluate esg. what do you see on the monitor on tuesday? lisa: when you get energy prices that hang around here -- tom: $68 west texas. lisa: there is a feeling that energy companies ra bu -- are a buy. i wonder if we have seen a floor put in. we have buy-in by the u.s. and you have reopening china -- b uying by the u.s. and you have a reopening china. tom: you have heated opinions. there is in the zeitgeist a new humility. everyone has been humbled in their own individual way. i have seen a dearth of 55 page outlooks. right now red and

esg is responsible investing. who's responsible for building esg into your investments? at pgim, the pursuit is on for outperformance. as active investors, to outdeliver with customized strategies, integrating esg best practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. the investment management business of prudential. >>> senior markets commentator mike santoli is back there for his midday word. it's a pretty impressive move off the low. >> still flickering above and below that 200-day average you have to use a little bit of a wide band in determining how those things go. but i think essentially, the market is collectively saying, a better-than-expected jobs report in most respects not really a game changer. the bond market didn't see reason to radically reprice what the fed said we're facing a bit of a macro news lull next week, not a lot of the top tier, big swing factor-type releases out there you have ppi, ism services, and no fed speak so it

esg is responsible investing. who's responsible for building esg into your investments? at pgim, the pursuit is on for outperformance. as active investors, to outdeliver with customized strategies, integrating esg best practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. the investment management business of prudential. money. stocks higher for a second day in a row dow rallying 526 point, the s&p and nasdaq also posting strong gains under armour lower on a new announcement hiring stephanie lennar to replace brown who has had that job since june. karen, this one caught your attention. >> yeah, it did. i think that, you know, kevin plank was the founder or co-founder and is obviously a sort of big presence there and it seems like that is going to be somewhat of a partnership with the new ceo that historically has been a difficult combination of having, you know, steve jobs and john scully and shultz and sandy weill and john reed. they have a lot of w

esg is responsible investing. so let us focus on the how. who's responsible for building esg into your investments? at pgim, the pursuit is on for outperformance. as active investors, to outdeliver with customized strategies, integrating esg best practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. the investment management business of prudential. did you know your health has more to do with your zip code than your genetic code? that doesn't seem fair. we agree. but where you live determines access to doctors, green spaces and fresh food. that's why we grow our own. smart. we don't think it's right that some people are healthier than others just because of where they live. that's why we're delivering food to areas with less access to it, and helping schools teach kids about gardens. wish they'd taught gardening at my school. you would have aced it. introducing elevance health. where health can go. - [narrator] if your b

that's the esg pressure. they are already doing it. they are going at the private sector to do their bidding. if you can cut off oil companies from being able to take off loans you undercut the business without getting rid of the second amendment. that's their goal. dan: i didn't factor melugin in. >> he has a blow dryer at the border. dan: i am talking to pete about his hair. don't cut that out of the show. apple just sided with the come commies. the virus that causes shingles is sleeping... in 99% of people over 50. it's lying dormant, waiting... and could reactivate. shingles strikes as a painful, blistering rash that can last for weeks. and it could wake at any time. think you're not at risk for shingles? it's time to wake up. because shingles could wake up in you. if you're over 50, talk to your doctor or pharmacist about shingles prevention. [ marcia ] my dental health was not good. i had periodontal disease, and i just didn't feel well. but then i found clearchoice. [ forde ] replacing marcia's teeth with dental implants at clea

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using an esg strategy, avoided because of climate concerns. had you done that this year though you would have missed out on the only positive performing sector in the s&p 500. guess what? up 63% compared to the s&p which was down 15%. guys? ashley: very interesting. gerri thank you very much. gerri: you're welcome. ashley: you missed out big time on that oil, no doubt, gerri, thank you. want to get to this issue now. well, the newly-reinstalled ceo of disney, bob iger, says he's aiming to quiet things down on the political front for the company. basically, he wants neutrality in the culture war. seth dillon joins me now. he's the ceo of the babylon bee. seth, i guess, can iger successfully unwoke disney? >> i don't know if it's the goal to unwoke disney. i think the goal here is probably to make changes that aren't maybe so dramatic and in your face and noticeable that everybody is going to object and get really loud about it and create a bunch of controversy he has to deal with publicly so i think the left which drives companies like disney a

esg is responsible investing. who's responsible for building esg into your investments? at pgim, the pursuit is on for outperformance. as active investors, to outdeliver with customized strategies, integrating esg best practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. the investment management business of prudential. (vo) hi, we're visible. a different kind of wireless company. in sports, catches are a good thing. wireless? not so much. so we don't do catches. with visible you get unlimited data for just $30/mo. switch now to get a five-year rate lock. not a catch in sight. power e*trade's easy-to-use tools like dynamic charting and risk-reward analysis help make trading feel effortless and its customizable scans with social sentiment help you find and unlock opportunities in the market with powerful, easy-to-use tools power e*trade makes complex trading easier react to fast-moving markets with dynamic charting and a futures ladder that lets you

as investors, when talk about esg we look at the risks. for us the material factors are as we analyze any other bonds. and we think about esg as a risk and how it affects the borrower. so a different perspective. the conversations about greening something that a couple of studies are being done and talk about up to 10 basis points benefiting issuers that put the label on. i do not think that is clear yet. it is still in the process of figuring itself out. you mention it has been years and bit esg market is a tiny percentage of overall issuance. it is 1% of global fixed income. 1% is not substantial amount. and it is smaller in the u.s. about .5% and smaller in the muni space. it has room to grow. shery: evgenia lando portfolio manager at thornburg investment management. we have breaking news at the moment we hear from peru the congress has approved a constitutional reform to hold early presidential elections. this was rejected by congress last week, the whole idea was that the government of now president and former vice president, they wan