city of bach moot, the general vowing of ukrainian counter offensive will start their quote very soon after months of grinding, punishing urban warfare. further south ukrainian president vladimir zelensky continues his tour of hotspots today visiting the recently liberated city of her son on what zelinsky calls a mission to restore and rebuild. cnn s david mckenzie is live for us in odessa, ukraine, david the world bank, estimates that the country s reconstruction ah, after the devastation caused by russia is going to cost at least $400 billion. what would the top rebuilding priority bait? well, jake, the top rebuilding priorities everything. you look at that number 400 odd billion dollars. that s a billion and allow at least 135 billion of that is direct damage from the relentless strikes of russians, according to the world bank, and of course, that number goes up and up as this war drags on. you had that statement. coming from
you get $135 billion. that is so much money that they could take just their annual profits and basically buy the nfl. forbe s pegs the valuation of all franchises at $134 billion. let s take this one step further. big oil s combined profits last year are enough to buy chipotle, etsy, pelton, delta air lines, ralph lauren combined. what are oil companies doing with this money? they are spending on new supply, but critics, including the white house, say they re not spending aggressively enough on new supply. they are, however, spending on massive shareholder rewards. check out these multi-year buyback programs that have been announced by big oil recently. $4 billion from shell, $50 billion from exxon, and shell alone, $75 billion in
twice as high as a year ago, but the good news is, they are inching lower for the fourth week in a row. they are well below that almost 20-year high that was set last fall of 7%. and hopefully the fact that they re settling in here just above 6% gives buyers and sellers some certainty. these oil company numbers are bananas. that s a technical term. there s a well-crafted question in the teleprompter, they re bananas. they are making a mountain of money, right? shell just reported earnings of $40 billion last year. they doubled their profits. now, it s not just shell. exxon, almost $60 billion, s chevron, $36.5 billion. you add it all up, $135 billion from just those companies. that is enough to buy every single nfl franchise. which is pretty amazing. it s bananas, that s what i said. it is worth noting, this is a notoriously boom to bust
manufacturing jobs, good paying jobs, union jobs, middle class jobs, jobs that give you a sense of dignity and a fair shot. my dad used to say i just want a little bit of breathing room, and be treated with dignity. thanks to american ingenuity, auto workers, it s changing. today if you want an electric vehicle with long range, you can buy one made in america. so folks, all told, my administration is investing more than $135 billion to advance america s electric vehicle future. our infrastructure laws are helping make it in america, and win the economic race of the 21st century. president biden took the opportunity to get behind the wheel of a corvette zo6. biden calls himself a car guy and joked he would drive back down to washington. okay, careful now, willie. that s a good looking car. good looking american-made car.
some the warm home discount. i m afraid some of the warm home discount. i m afraid some of my the warm home discount. i m afraid some of my treasuries scepticism here some of my treasuries scepticism here i some of my treasuries scepticism here. i think there s a real nervousness around cutting vat generally nervousness around cutting vat generally and setting a precedent. it s applied to so many items. once you remove it s applied to so many items. once you remove off one item you increase the incentive you remove off one item you increase the incentive for others to do it and old the incentive for others to do it and old sales. and then there s the question of and old sales. and then there s the question of how do you feel if you feel vat? question of how do you feel if you feel vat? and 2019 to 2020 that raised feel vat? and 2019 to 2020 that raised £135 billion which was around for thousand £700 per household. if you start for thousand £700 per household. if