Neil those higher prices are real but if you thought the Biden Administration was about to announce today if they contributed to at least part of those higher prices, get real, welcome, everybody, i am neil cavuto, theres a new inflation moving ahead out there, my friends, Edward Lawrence has a good idea who that might be. Who is it . The white house blaming companies. I should tell you first coming out of the gate, the Federal Reserve just released a report on inflation, their Financial Wellbeing report for households. I dont have to tell you households are struggling, the report found largely things were unchanged in 202223 because the price has already remained high but when you dig deeper into this report you do see that the financial system, 84 of adults say their financial situation would made worse or much worse by higher prices in 2023, the report shows lower income adults felt the greatest hardship with inflation which included not paying bills, sometimes or often not having e
Yields have picked up. Tenyear yield above 5 . That is a significant level. We touched briefly above that for a nanosecond last week. Since then, you have to go back to 2007 when you have seen yields at these levels. 5. 012 for the tenyear yield. By the way, check out energy prices. You will see wti which is off 33 cents. 87. 76. We have merger monday as joe mentioned. Look at what is happening here. Chevron buying hess in the deal of 53 billion. 171 a share. That is a low premium over the Closing Price for hess on friday. Hess shares are up 2. 25 . Chevron down 2. 9 . This deal comes just weeks after exxonmobil made its move to buy pioneer natural resources. Both stocks on the move. Hess ceo john hess will join chevrons board. I just got off the phone with mike wirth. Very low primemium on this. This goes back long before the rumors came out about exxonmobil and pioneer. That deal went through last week. A lot of people thought after the deal, that chevron would look for Something Els
I am francine lacqua. Manus it is. I am manus cranny. First, the global standoff. Shares plunged the most since 2000 seven. Francine that european stocks are down in the red. Commodity prices sinking to a 16 year low. Rest ine will have the a moment. Lets get at the very latest in europe. Caroline, take it away. Caroline disaster is what one chief officers calling it. We are seeing a major selloff. Shanghai composite, check that out. Down 8. 5 . The worst since 2007 despite moves by the Chinese Government to stem the bloodshed. They are trying to support with pensions. The rumors are reserve ratio cut to the banks that did not materialize. Down goes asia and the affect on your. We are in correction territory. And the effect on europe. We are a bear market. If we close at this level, we will between 2 of our previous high. Not one single stock is rising. Concerned about Global Growth and infrastructure. Bmw, feeling the pain. Credit squeeze saying that the auto market will feel much of
Clear he wasnt quite ready to step down. Now arora is one of the most prominent free agents in silicon valley. Joining me today on bloombergs studio 1. 0, former softbank president and google chief business officer, nikesh arora. Nikesh, thanks so much for joining us. Its great to have you. Nikesh well, thank you very much for having me. Emily i want to start at the beginning. You were born in india. Your dad was in the air force. Tell me about your up bringing. Nikesh i grew up in a lower middle class family in india. My father worked for the Indian Air Force like you mentioned. We moved every few years from city to city, wherever his job took him. And we grew up with some degree of discipline in the house, because thats what you get when you work for someone in the armed forces. Emily tell me about how you came to the United States and your initial experience. Nikesh i got accepted to northeastern. We had Foreign Exchange controls so you could cash about 200 or 300. So i had 200 or 3
Now arora is one of the most prominent free agents in silicon valley. Joining me today on bloombergs studio 1. 0, former softbank president and google chief business officer, nikesh arora. Thanks for joining us, great to have you. Thank you. Emily i want to start at the beginning. You were born in india. Your dad was in the air force. Tell me about your up bringing. Nikesh i grew up in a lower middle class family in india. My father worked for the Indian Air Force like you mentioned. We moved every few years from city to city, wherever his job took him. We grew up with some degree of discipline in the house, because that is what you get when you work for someone in the armed forces. Emily tell me about how you came to the u. S. And your initial experience. Nikesh i got accepted to northeastern. We had a Foreign Exchange controls so you could cash about 200 or 300. I had 200 or 300 in my pocket, i had my fathers retirement account of 3000. He said you can have it as long as you give it