With Bloomberg, you get the story behind the story, the story behind the global birth rate, behind your EV battery's environmental impact, behind sand, yeah, sand, you get context. And context changes everything. Go to Bloomberg .com to get context. A little bit higher, WTI crude oil up half a percent, $91 .23 per share. Sound on with Joe Matthew from Washington, D .C. That starts right now. Bloomberg Sound On. Politics, policy, and perspective from D .C.'s top names. Federal spending combined with too -lax monetary policy has produced this 40 -year high on inflation. China policy is driven basically by domestic politics. American families are finding themselves further behind the eight ball. To get anything done in this Congress, it's going to have to be done in a bipartisan way. Bloomberg Sound On with Joe Matthew on Bloomberg Radio. The UAW says it's not moved. Welcome to the fastest show in politics as the auto workers union rejects the latest pay raises offered from the likes of the big three as the strike now enters day four. Following weekend talks, Democrats and Republicans are starting to take sides on this. A very sticky issue that we'll discuss with President Biden's former labor whisperer, Seth Harris, who is also labor secretary in the Obama administration. Later this hour, there's talk of a budget deal among Republicans in the U .S. House.