from other businesses, they feel good about their order books and sitting down with leaders from africa and over the world in the last few weeks, they are amazed by the strength of the american economy which isn t something that happened without the hard work and determination of the american people and the policy choices we have made to get out of the covid epidemic. and we also need to think about what the ukrainian people are doing for all of us in terms of not only defending the values we all stand for, but the reason that energy prices have been so high, and the reason the food costs are so high is partly because of russia s invasion of ukraine, and their weaponization of both of those things, so ending that war as quickly as possible, making sure that vision ends is not only good for our values, but also good for our economy. hey, wally, good morning, jonathan lemire, i showed the stock futures board, lots of red there. you mentioned something i wanted to follow up on, gas pric
is just ahead. and a live look at wall street. futures board is back in the green following a volatile session yesterday. we ll look at the challenges the fed chairman now faces in trying to bring down inflation. good morning. welcome to way too early thank you for starting your day with us. there is a lot to cover this morning after a stunning day in washington and new york. first, we learn that new york attorney general latisha james filed a lawsuit against donald trump, the trump organization and three of trump s adult children. accusing them of fraudulent financial practices. we also learned of new developmentes from the house select committee investigating the january 6th insurrection.
their interaction will be open to the media and we should get at least images of their interaction. there has been a lot of speculation about whether they will fist bump or handshake or embrace, or stay across the table from one another and we will be watching the body language there, and it will be interesting to see, with the president having meetings with the broader coalition of gulf countries tomorrow, and the extent to which he and the crown prince engage when president trump and obama were here, the u.s. and saudi leaders kind of took a dual leadership role in that broader conference, and so we ll see if president biden is willing or eager to engage with the crown prince while he s there on that level. and the president s decision to meet the crown prince at all coming under fierce criticism from many in his own party back home. thank you, my friend. travel safe. good luck covering it this weekend. we appreciate you being here. still ahead in business, the futures board is u
more oil in the coming months to ease global fuel pressures and hence the president making the trip that he didn t really want to per white house aides and one word you won t hear him say there, trump, of course, as mentioned, donald trump led by his son-in-law white house adviser jared kushner had close ties to mbs in saudi arabia and we all recall how president trump was greeted when he landed in riyadh. the first overseas trip as president, his face projected on the side of buildings, and he stood next to a glowing orb for some reason. still ahead, in way too early, we will turn to business and drivers are seeing some relief at the pump. even before the president gets to saudi arabia. how long will it last? plus, the futures board is back in the red this morning, ahead of the big round of earnings reports. we re live with cnbc next. reports. we r e live with cnbc next.
who is to say. but that is sort of the in the back of their mind that this the tables could turn at some point. okay. josh wingrove from bloomberg covering that nato summit for us from all angles. thank you very much, josh. still ahead in business the futures board is mostly flat following the worst day in two weeks on wall street. we ll get a break down on the latest slump in stocks next from cnbc. n stocks next from cnbc (burke) a new car loses about ten percent of its value the minute you drive off the lot. or more. that s why farmers new car replacement pays to replace it with a new one of the same make and model. get a whole lot of something with farmers policy perks.