A deal in principle and one that will have many people feel relieved after hours of discussions Russia Ukraine and the European Union have reached a tentative gas deal which will go into effect on january 1st the deal was brokered right here in berlin and heres what we know about it. These pipes up front and center of a geopolitical crisis natural gas is supposed to be sent from russia to germany to supply the e. U. With one of its Major Energy Sources the north stream and nordstrom to pipelines. Bypass ukraine and save on billions in transit fees that are currently a major source of income for the neighboring country. Not to rely entirely on the north rim deliberate system russia still wants to send some gas to ukraine asked for ukraine the country depends on gas from russia but moscow has weaponized its supply in the past cutting it off repeatedly in the 1990 s. Russian president putin says similar action is no longer planned. We are not going to sign any kind of contract with ukrain
And chuck and all of these people focusing on the witch hunt, because they cant beat us at the ballot. They cant beat us at the ballot and theyre not going to win the president ial were having great polls, internal, ohio, iowa, pennsylvania is looking good North Carolina he we just won two race that is a lot of people we thought were going to lose both races one was down 17 points three weeks before the race and ended you said winning by a substantial margin and dan bishop and then we had a second race as you know, and he was up one or two points and ended up winning by what was it 25 points or many so incredible ill ask you because i dont want to be inaccurate otherwise have a front page story breaking nuts trump exaggerated. But he won by many, many points and he was leading by maybe two or three but won which which in the tents 20s. Were looking great in North Carolina, looking great in florida. And you had one or two congressman democrats saying we cant beat them at the elections.
But a buy here and now does microsoft hold the key to new market high sns guy what do you say. First of all, you have to you know, we criticize dan on twitter. Really. He is criticized. Dan. Why. Why is he criticized on twitter. For being do youwers. But cant coined maga we can fire the graphic at the top of the show. Dan does know a lot. The maga trade. Yes. And look at the m. In maga as we know is microsoft so. Some hat. On straight valuation price to earnings its expensive look at the last quarter i mean, eps beat was significant. The revenue beat was amazing azure grew 64 year over year. Operating margins 230 basis points better year over year its hard to cast aspersions yes trading yall alltime high. People make a big deal of the 40 billion. I want 4 of the market cap, not insignificant. Answering the original question it can rally into earnings mr. Maga. What is a i. You from a trading standpoint, the stock broke out in early june about 130 basically trading between 130 and 140 s
Market site. Our guest trader for the hour, lori cave cena welcome. We start off with that muted reaction to the markets Inflation Report this mornings Inflation Report. The market rising as much as 455 points early in the session, but losing steam throughout the day, closing up just 50 points. The s p and nasdaq following similar trajectories the benchmark up just a point. The reversals coming despite the fact that Consumer Prices rose less than expected in july, 3. 2 , versus 3. 3 estimate the drop in gas prices outweighed by a rise in the cost of food and shelter, so, todays action suggest a shift in the markets focus, guy . Its interesting. The s p closes flat, i get it, and lori has thoughts on this, and i mentioned it here, but what i took away, the move in the bond market was, again, extraordinary, in a word yields open on the lows. Spent the rest of the day rallying to basically the highs. I dont think thats good. Bill ackman ringing the bell in terms of his bond call, that top
So that leads to my next question. Youre tracking that particular amount of money, if you will, and where its going, its going strictly to new infrastructure . To modernization . What is the plan there . Right. Well, currently today, if we exit a property, that money gets returned to the u. S. Treasury. Were not able to reinvest that. The infrastructure bill would change that. So thats why were very supportive of that. What we do save are the recurring savings, the maintenance. So we dont heat the buildings, we dont have to repair them if we get rid of them. That remains in our general what we call our nrn budgets, our recurring maintenance budgets. Do you think there will be a way to, in some way, get an idea of how its converted directly or indirectly to care or. Yes. Services. Yes. And what we would plan on diagnosis is reinvesting that money back into probably nrn or minor construction projects. Okay. We could track that. Thank you. Another question i have is one of the things that