India and China buy it, they refine it and then we buy the refined products from them, right? Exactly. The funny thing about this is that that's actually totally cool under the sanctions and the price cap policy. So nuts, not only are we buying Russian oil through India, China, and Indonesia but we're also giving those refineries the margin and robbing our own refineries of it.
Bloomberg News Senior Wealth Reporter Heather Perlberg talks about how a $1.5 trillion program for home buyers is propping up banks. Chris Miller, Associate Professor at Tufts University and author of Chip War: The Fight for the World's Most Critical Technology, shares his insight on the latest news from the volatile semiconductor industry. Dr. Ellen Wald, President of Transversal Consulting, discusses Saudi Arabia’s pledge to shave an extra 1 million barrels-a-day from its production in July. And we Drive to the Close with Lisa Erickson, Head of Public Markets Group at U.S. Bank Wealth Management.
Hosts: Carol Massar and Matt Miller. Producer: Paul Brennan.
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