regime. -- to a totalitarian regime. in an interview, he said changes coming to moscow. -- he said change is coming to moscow. >> the regime will change, no doubt about it. it will now happen faster. >> he also said that all of russia's oligarchs should be targeted by sanctions. a power cut -- a cut power cable related to ukraine's defunct nuclear power plant in chernobyl prompted officials to warn of potential safety risks. the exclusion zone, site of the deadly 1986 meltdown, also houses a waste facility were spent fuel from ukraine's reactors is encased for safe long-term storage, but the international atomic energy agency says the age of the way stature noble -- of the waste at

the plant can be stored even without power. the program began two years ago to buffer the impact of covid-19 on subcontractors. the $6.7 billion was extradited through december, a combined $5.3 billion paid to the biggest contractors, including lockheed martin, boeing and raytheon. major contractors were told to pass along payments to subcontractors quickly to mitigate the financial effects of the pandemic. global news 24 hours a day on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. i am mark crumpton. this is bloomberg.

>> good afternoon. from new york, 1:00 p.m., 6:00 p.m. in london, 2:00 a.m. in hong kong, i'm matt miller and welcome to bloomberg markets. risk appetite is back at least for today. global stocks in the green. we will discuss what the rally means for the credit market with the global head of strategy for creditsights. and ukrainian president zelensky says he's prepared to compromise with russia to end the war and bitcoin back above $42,000 as president biden signs an executive order on digital. assets. we break down what is in the plan and what it means for the future of crypto. you can see the s&p rallied near session highs now, 2.7 5%, 4285

the level. investors let go of u.s. debt. 10-year treasury yield rising seven basis points to 1.9183%. oil down almost 10%, decimated. there's been some incredible moves to the upside recently, so still at an eye-poppingly high level. you can see bitcoin up almost 10% as well, 42,280 599 dollars after the executive order giving some much needed regulation to the industry. something, i i today that also shows the return of investor -- something that caught my eye today that also shows the return of investor appetite for risk. $90 billion for what could be one of the largest bond offerings ever, selling $30 billion worth in an 11 tranche

sale, the longest duration being 40 years. definitely a risk on situation in the equities market. we are seeing that bid for other assets as well but you can tell investors are looking for places to put their cash and they see at&t and discovery as a safe place to do that. for more insight on the credit market that has been before this shaken by russia's war, let's bring in winnie cisar, who provides analysis of credit risk as global head of credit strategy for creditsights, an award-winning research firm. first, your take on this bond issue. it comes at a weird, volatile time for markets. what does that mean to you? >> it means investors have been anticipating this for some time. it was announced it would come to market more than a few weeks ago, so investors have been

waiting on the actual date and time. it is not surprising it is coming ahead of the fed meeting next week, but it is surprising that, amid the volatility, they decided to get it to market, get it priced, and it there's still lie level of appetite for institutional investors to be putting cash to work in the corporate bond market, but it will need to come at some sort of concession to existing secondaries, and one of the trends we have observed is issuers willing to pay up for that kind of sleek assurance that they have priced a deal, locked in. >> we have the 10 year treasury auction just executed as well. we are looking at 30 $4 billion worth of 10 year bonds going at 1.9 20%, 68.2% to indirect

bidders, 13.7 to primary bidders, 18% to direct. what do you make of the appetite for u.s. debt? >> the appetite for u.s. debt in the long end of the treasury market has been strong, especially recently as we so -- as we have seen that flight to quality, alignment with u.s. asset classes. over the course of the year, as we see robust inflation prints and the fed continuing to march down a path to tighten policy, that the long end of the treasury yield curve will continue to see some uplift. we have a 2.25 percent 10 year forecast by the end of this year. that's still relatively low from a long-term perspective, indicating they are is still good global demand for fixed income and relatively high quality asset classes but i think we are going to continue to see this shifting away from

low yielding fixed income into other parts of the market, especially as we get clarity on russia-ukraine and the broader fundamental trajectory for the global economy. >> what do you expect from the fed --, you know, overnight, we had headlines from jeff good lock, who said inflation could hit 10% end of year. larry fink warned clients inflation would be higher than they expected. we are still looking -- we are showing the implied overnight number of rate hikes and cuts, our probability screen, showing the market is still pricing in almost seven -- 25 basis point hikes. what do you expect from the fed? we are expecting the fed will start hiking rates at its meeting next week with a 25 basis point hike, which is

pretty well priced in. that feels like it is pretty much off the table for right now. i have skepticism that the febrile be able to hike rates really aggressively -- that the fed will be able to hike rates really aggressively because we have significant headwinds to growth, via elevated commodity prices both in energy and agriculture, a general shift in consumer demand and sentiment. i think the back half of this year could be more challenging growth wise, not to say that we are heading into a recession, but there is some natural deceleration that will take place in the economy, which may get the fed covered to not hike as rapidly. -- may give the fed cover to not hike as rapidly. >> i see financial conditions deep down in negative territory now. what is the terminal rate, winnie? >> if i knew that answer, i

would probably be on a beach somewhere, but if you look at the long-term path of the fed funds rate and the terminal rate we have hit in each cycle, there is a lower and lower terminal rate, and the question is have we hit an inflection point where inflationary pressures are here to stay, and there are economists saying we have structural changes in the labor force, in the broader interconnection of global economies and we are going to see those inflationary pressures processed, but i think there's a pretty convincing argument on the others that innovation is here to stay and it is hard to underestimate corporate america's ability to adapt to some of these pressures in a way that's deflationary. >> just to end it where we started, winnie, we are looking at headlines on att, discovery, the bond sale.

orders peaked at $106 billion for, as we discussed, an 11-tranche sale, the longest 40 years, above treasuries, so interesting stuff. great to have you on, winnie. thank you for joining us. winnie cisar, global head of strategy at creditsights. searching for a peaceful end to the war. ukrainian president zelensky indicates he's prepared to compromise. we hear from his deputy chief of staff next. ♪♪ this is bloomberg.

>> this is bloomberg markets. i'm matt miller. ukraine is open to discussing russia's demand of neutrality as long as it is given security guarantees, but will not surrender a single inch of territory according to the deputy chief of staff to ukraine's president zelensky. maria tadeo spoke with him earlier. let's listen. >> we will be have to be careful with the russian statements, be a good or bad statements. i mean, we have many propaganda

statements throughout this two weeks of the war. what has taken place on the ground is a continuation of fighting, encirclement, or trying to encircle, some cities and towns in ukraine, continuing to try to encircle the capital of ukraine, kyiv, trying to encircle a big city in eastern ukraine kharkiv, bombing of the civilians in ukraine. that is what we will be doing. if you asked me whether there's a diplomatic solution, sure. there were three rounds of negotiation already on the level of elevation -- of delegation. the minister of foreign affairs will meet with foreign minister lavrov tomorrow. the president is ready to have

direct negotiations with president putin on a large spectrum of topics but for the time being we don't see that kind of readiness from president putin himself, so we have asked to sit down with boudin at the negotiation table. >> you make it clear that for this to be a solution or for there to be a solution, president zelensky will have to sit down with vladimir putin. you still believe that meeting needs to happen. >> it needs to happen to bring an end to this awful war, but it will under no circumstances be under putin's rules or ultimatums. our first and foremost precondition for negotiations is an immediate cease-fire, starting with the withdrawal of russian troops from terror -- from the territory of ukraine.

>> that was the deputy chief of staff for ukraine's president speaking with maria tadeo. let's bring in annmarie hordern for this story bringing the return of risk appetite. we are seeing big moves in markets, especially oil, as i'm sure you've noticed. how is washington reacting to this? >> washington has been pushing for a diplomatic path forward but of course they will not engage with russia intel president vladimir putin ends this war and invasion, but theap and the terminal is lighting up because you see the financial fallout of basically decoupling from one of the biggest commodity producers in the world, and right now, in terms of the diplomacy and politics of washington, that still maintains a top priority. president biden coming out yesterday and banning russian imports of fossil fuels.

today, the house is set to vote on a bill that will send more than $13 billion in aid to ukraine, so the talk of washington is still about getting a two ukraine, supporting them in the face of russia.. >> i saw a story earlier that russian oligarch -- that a russian oligarch has renounced his citizenship and says that everything putin touches dies. you had an interview yesterday, probably the second most famous oligarch, but they went to a gulags for 10 years. these people are already enemies of president putin. 's anybody in his inner circle ready to turn on him? >> we've seen a number of oligarchs make statements against the war and calling for peace. i think of friedman, others, one, the head of the

second-biggest oil company. they come out calling for peace, so not a single oligarch has yet to point the finger at president putin and criticized him directly for what is going on, but what we do see, which we have not seen in the past, is people coming out and criticizing foreign policy in the way, saying the war needs to end, but no one has crossed the line yet. of course, that oligarch could cross that line because he's in exile. as you mentioned, he was the ceo of an oil company, went to jail, was stripped of his assets, which now belong to another company, and he's been living out of russia in exile and has been a critic of president putin for years and he says money needs to stop flowing to russia. he really criticized germany for this, saying they have been too rely on russia when it comes to fossil fuels.

>> i want to ask you about fossil fuels and how that's being dealt with, the huge spike in prices. we talked with the state department's senior energy security advisor and asked him about the saudis refusing to take biden's calls about oil and ukraine. here is what he had to say. > saudi arabia is a critically important country not only in the markets for oil but strategically in the middle east. it has increasing importance around the world and investment. if you are talking about the oil industry, this is one of the biggest oil countries, investing more in their own destruction, in the energy transition, and that's another area of critical cooperation between the u.s. and the saudis. so we are having a discussion with them, with other producers. we are in a good place. >> i have to say that it raises

ethical questions going from the russians to the saudis for oil. you know, you could have a debate on which is better, or are either a good option, or should the u.s. really try to be establishing its own energy independence? you know, we have that big headline during the obama administration, but clearly it has not fielded us from huge gains in prices. >> because it is a global market. it is not like the u.s. needs to import that much. they do, but even russia was the top three producer, but that was 8%. saudi arabia right now is even below russia when it comes to imports into the u.s., but the issue is, when you have these massive players, including the u.s., saudi, russia and the u.s. when it comes to massive producers, that supply in a global market will increase the price. this trickles down to the consumer and what we are seeing is taking out a big player or

having less russian oil on the market because people do not want to touch it whether it is sanctioned or not means that we will have risk premium in the price. interesting to hear from that individual from the state department, special envoy for energy security. he was recently in the kingdom, along with brett mcgurk, so it obviously -- they're obviously have been talks between washington and riyadh. >> annmarie hordern talking to us about the oil situation. still ahead, a new approach to the governing of digital assets. what is in the new executive order on crypto. this is bloomberg. ♪

>> this is bloomberg markets. i'm matt miller. bitcoin back above 42 thousand dollars after president biden issued an executive order on the currencies today.

there have been calls from the industry to put regulation in place. it has been sorely lacking. for more, bloomberg crypto reporter kayla gardner. thank you for joining us here on set. great to have people almost -- i want to say post-covid. not sure we are there yet. in any case, we definitely need some regulation. what are we getting from this executive order? >> that is the thing. this executive order falls short on specifics. one thing to note, this is the strongest response we've seen from president biden in terms of cryptocurrencies. he's made statements about concerns in the past and you can see that in the people he's appointed as regulators, but this is the strongest action we've seen from the white house. it falls short on specifics. it is on congress to come out with the rules that will actually make a difference. >> you can see that there was a need, though. even gary gensler has said this

has to happen at some point. i think janet yellen wrote a congratulatory letter to president biden even before the executive order was issued and bitcoin has rallied, of course, with other risk assets today. can the u.s. be a leader in this? does the u.s. need to be a leader in this industry? >> that is one of the most surprising things that came out of this executive order, was president biden really making an emphasis on the u.s. leading other nations in terms of digital assets. we have not seen that kind of language from him before. there is a sense of fear that the u.s. could fall behind in nations that -- and nations that have less regulation, and some crypto companies have been flocking abroad to countries where regulation is a little looser. >> what do you see around the marketplace here for digital currencies compared to other countries? the places with fewer regulations flourish or is the

industry looking for a home with rules? >> right now, in the u.s. particularly, officials in the industry have felt like the u.s. really has not given them a lot of rules, and before, there was some sense of not wanting that, but they were really asking for those regulations so that some institutional investors can make sure they can get into the industry. >> very interesting to watch. thanks. hope to hear more from you on this. akayla gardner on the regulation of cap the currencies. tune in on tuesday for the debut of bloomberg crypto. every week. we are going to kick it off with michael novogratz. this is bloomberg. ♪

>> welcome to the bloomberg audience. i am mark crumpton with first word news. ukraine is open to discussing demands of neutrality as long as

it is given a security guarantee so it will not surrender. not a single inch of territory. a top foreign policy aide to volodymyr zelensky spoke to bloomberg's maria today. quick she asked me if there with a diplomatic solution, and we are ready for a diplomatic solution. there were three rounds of negotiations already. tomorrow, our minister of foreign affairs will meet with the minister of foreign affairs of turkey. we are ready to have direct negotiations with president putin. >> he said that preconditions for talks with russian president vladimir putin would be a cease fire and a withdrawal of russian troops. the foreign secretary said that though world's leading economies should help go further and faster in punishing moscow and president putin for invading ukraine.

she spoke alongside the u.s. secretary of state antony blinken in washington. >> are goals are to end the war and not expand it. not to nato territory. we want to make sure that it does not prolong to the best of our ability. otherwise, it is going to turn even deadlier and involve more people, and potentially even make things harder to resolve in ukraine itself. mark: during the news conference, the secretary said the purpose of sanctions is to debilitate the russian economy to stop president putin from being able to fund his war machine. vice president kamala harris is simple and to discuss the next steps that the u.s. and its allies should take to support allies through humanitarian assistance. president harris is meeting with the polish president and the canadian prime minister who will also be in warsaw next to

romania. global news, 24 hours a day, on bloombergquint take, powered by more than 2700 journalists and analysts in over 120 countries. this is mark crumpton. this is bloomberg. >> welcome to bloomberg markets. >> your the top stories we are following around the world. the chaos and commodities persist with oil tumbling from its record high, with spending declining after ukraine says it is prepared for a compromise. with the u.s. and the u.k. banning russian fossil fuels in canada's top energy officials, john wilkerson said that country could help oil exports that others need. the logistics is spinning

offering we will's beak to the ceo on the announcement of the countries focus on simplicity. all of that and more, coming up. jon: as we look at major averages, we are seeing green on the screen. the tech is opposite the nasdaq with a gain of 3.5 percent. some people are moving into those hard-hit technology names within the dow industrial average, leading the charge. microsoft is not moving hard. for example, one of the key decliners, giving an oil story which you referenced off the top. there are a lot of headlines. the concept of the president suggesting compromise in an interview with build, an interesting development. every time we start to talk about talks and conversations, it is complicated.

with key zelensky advisors, they spoke with context about what exactly is going into those kinds of talks, but in the crude market, we see a dramatic decline. at one point, we broke a low $105 a barrel. we are talking about a 12% decline in crude futures. i would also add that it would be really good. with new sources, so that commentary from the uae and iraq suggests a willingness to put more oil onto the market. it is one of the catalyst that is pushed on the price of oil. matt: it has been interesting to watch the volatility. it has been the likes of which we have never seen for some commodities. the nickel gas was just a side note, but you have to wonder, if people lose jobs, oil has just been -- this is such an important, obviously, and huge commodity. it is interesting to see it make

these kinds of swings. up from 90 to 140 then back to 111. it will be interesting to see if it gets rule changes across the complex. even for the trading of this global fungible commodity. >> undoubtedly, this is the plane demand, but in all of these commodities, it is strictly reserved for geopolitical headlines. let's try to make better sense of those headlines. brenda is standing by. a senior advisor for energy at the foundation of defense and democracy, and institute focused on foreign policy. thank you for being with us. let's dive right into those headlines. if we are trying to understand what the word compromise means wave is coming from ukraine's president, what is sure interpretation of the headline we have been reading? >> the issue, once it is mentioned, is that it cannot compromise on the issue of nato membership.

the reality is nato membership at this stage is not an option for ukraine. they are not looking for expansion, and it is not offered as a concrete option to the ukraine. in a sense, russia's demanding estate that they will join ukraine, but they will not join nato anytime soon. this would actually be a moot point. we also have the meeting of the foreign ministers of russia and ukraine in you to -- in turkey. we would hear this with anything concrete. with these statements. >> in so many senses, things like russia have crossed the rubicon. there is no going back for airlines after basically seizing $10 billion worth of lanes, and certainly, if the country defaults, it will be a problem

for investors, at least for a decade, maybe two. and for oil assets as well. even if putin found some elegant way out of this convective piece, would we still want to work in russian oil? >> i think that is an excellent question because even at this stage of the conflict, we have to get a cease fire, and the conflict dies down. i think there will still be a major question about whether companies will go back, and whether the sanctions will be removed because we know that sanctions never have offsets. they are not about accomplishing can create goals, but it is more about being the only policy instrument we have. it has to do with the mastic politics, and not really about a concrete goal, and we don't have off ramps, once the goal is achieved, so we will still have a threat of recession, and even

if the conflict is resolved, quite closely. i think the market and other geopolitical developments, they will respond to the uae, and they hope that opec will up production up until now. the uae and saudi arabia have been against any kind of change to increase production beyond the 400,000 barrel. they are angry about the new deals with iran, and now we are seeing a split within the opec camp on this issue. >> can you clarify this? as we progress with iran, what kind of split are we talking about when it comes to opec nations? >> basically up until now, the uae, they did not want to give up a lifeline to the biden administration. on energy.

the state of the oil market. they saw the by demonstration was about to close a deal. they thought it was threatening to their national security. but now, we see a split between the uae and saudi arabia on this issue. that might signify more opec oil over months and that is a very new development. that together with the potential cease fire, i think that explains a lot of the downward pressure today of the oil prices. >> we hear all the time that it is a global market, and energy independence, we know, that doesn't mean the u.s. or canada. to move around the world. is there any way, or is it even advisable for countries like canada and the u.s. to try and engineer their energy infrastructure. what they need with the prices they want.

>> we have this great revolution with economic and geopolitical benefits, precisely because we have let market or says move their way. with a post-covid production, all of the major oil producers have come back to pre-covid rates except for the united states. even into thousand 19, you need to produce more. the only producer who has not come back is the united states. that is because of policies with indications that the administration doesn't really want a growth. oil, gas. so you really don't need to lock-in -- instead of supporting caracas and turnaround. port houston. and i think you would find the oil coming back without any sort of major agreements, and if it

is not connected to international actors. but in the market, it is not enough with supplies in place. it is not about supplies. it is about price. it we do not need energy independence. we need energy security. and that can be done with trade. again, unleashing great resources that we have in the oil and gas sphere. it will do the job. >> very interesting stuff. maybe a lot of people need to reread energy policy. thank you. a senior advisor for energy, it foundation for defense and democracy. she wrote the book energy politics. of course, i want to bring you some bonded news. that is also monumental. at&t and discovery are going to sell $30 billion worth of bonds. at bloomberg, we had already broken the story earlier, according to people familiar, but now the company is coming out and confirming a new bond

sale. this could be one of the largest corporate offerings ever. up to 40 years, and it could take 3.4% above treasury, according to people like brian smith from bloomberg news. some really interesting stuff there. we will continue to cover the story. coming up next, a new spinoff. we will speak to the ceo on the reason we have two separate companies, and what the future holds for logistic companies. this is bloomberg. s is bloomberg.

>> it is time for our stock of the hour. we are jumping into the day session. this comes after announcing plans to split the rate brokerage in north america with trucking operations. two public companies. the ceos joining us now. thank you for your time. talk to us about the reason behind this. there is a logic behind this move. you are unlocking value. >> first of all, thank you for inviting me. i appreciate it. we are trying to unlock value with both customers and for shareholders. for the customers, we have found that with the state of chi xls year, management has been focused on one thing. concentrating on one thing. that is business better. we found out, also, that shareholders, when they have an opportunity to invest in a pure play. they are more interested in it.

here now, we are spinning out our asset light technology enable truck brokerage business, from our asset heavy but high less than truckload business with two slivers to the industrial economy. this is good for customers and good for shareholders. >> when we hit the road, matt jammed the van light, so it -- if i was an industrial customer, doing some of those shorter trips in various parts of the night stays, how would business be right now? how would you characterize what is going on with business? >> business is going very well. we are in the early stages of the industrial economy. you look at the brokerage business, which is more consumer, healthy one. in our business, as leverage more manufacturers. it is just getting going. it is not as it very strong

pricing firemen. double digit pricing. probably the best pricing ever. in terms of the truck business, how different is it? we hear constant stories about a shortage of labor, and they often center around a shortage of truckers. how much demand are you seeing right now. are you able to fill it? >> there is a shortage of truckers we'll address that i having over 130 driving schools across the country. last year, we have graduated 900 drivers. this year we are shooting for 2000. a capacity of driver schools. a couple advantages. one, we have drivers. we state with a longer. of time, and we have a safety record that ends up being better because we train them from the beginning.

>> we will also be watching very closely to the road ahead for your european operations, and as we watch the headlines unfolding, tied to the ukraine. lotta people are trying to figure out all of the moving parts in western europe. what are you watching? >> we don't have any business in ukraine or russia. we do have 56 ukrainian drivers who work for us in poland. i need to tell you something interesting. all but three of them went back to the ukraine to help their families leave. they know that all the ones, which is most of them, that are over 60, they have to stay and fight in the ukraine. the resilience and determination of the ukrainians to save their country is quite impressive. but we don't have any business in the ukraine or russia. >> in terms of commodities, volatility that we've seen, how do you deal with that. how do you confront that as a business leader? >> the main commodity that we

are exposed to is fuel. we are a big purchaser of fuel. that hurts us and it helps us. it hurts us in the sense that when i -- oil prices go up, that is not good for the economy, and a better economy is better for us. helps us in the sense that that is a pass along to our customers the cost passes on to a higher cost to make more profit on that. >> before he let you go, in terms of the investor base, as you have these different options for your investors, as you seek to unload value, do you see a lot of differences emerging from that, or do you anticipate it will be an opportunity for investors to have a pure play opportunity? >> i think the former. there will be big changes in shareholders because the only one survived asset heavy high roi see lichen lgl character that has leverage the industrial economy but they don't want a tech enabled consumer, so i

think there will be some big turnover in the shareholder base. >> have to watch for that. thank you for your time. brad jacobs, joining us on the big development today. coming up, and interview with the natural resources minister. jonathan wilkinson. the country's top energy official. we will hear what he thinks canada can do to help ease prices, next. this is bloomberg. his is bloomberg.

>> i am john along with matt miller. the canada resource minister is downplaying the country's ability to immediately boost oil and gas exports from historic prices while sanctions continue to put pressure on russia. we spoke with the bloomberg pretty good to, in houston.

>> there is something a candidate can do a short-term, and we are looking at whether their ways to keep on with existing structure and flow larger amounts of oil to europe or the niceties. that is going to be limited. we are also looking at options with respect to natural gas, as you probably know. we are in the processed with canada in the process of building a large-scale gas facility in british convio. there are proposals for a few such projects in canada. those are all things that we may look at accelerating. not just for the next two or three years, but for the next five plus years. but it needs to be in the context of a plan. in terms of how they are going to fill immediate needs, and how can we help them come whether that is lng transitioning, or hydrogen off to get know, which is where they went to get to. that is exactly the conversation will be having in paris. how do we move forward a plan and develop that such that we

can actually be there to them within the constraints that exist for us. i will tell you, going forward, one to generate as much energy as we can. but we will be looking to stable supplies for the other types of energy that they need. they do not want to be dependent on nick ayers. >> last question. they have talked about the short-term, but does that mean this issue will be more prolonged. give us a timeframe in forecast for how long these prices will stay at these unprecedented levels? >> issue around pricing is often a very difficult one. to get to the heart of affordability for citizens. particularly for those who live on a modest income. what i would say is that the conversation with the our national community is engaging around how can supplies of natural gas and oil be replaced. where can they come from? there are some countries ramping

up the production in canada in the short-term. how can we ensure that we are doing that in affordability. that is about supply, but part of it is instability in the market. driving prices higher. we need to provide a greater sense of stability, and ideally we will find some short-term answers with respect to supplies that we can moderate the price. >> that was jonathan wilkinson. the natural resource minister of canada, talking to pretty group that in houston. oil for the last few weeks has been front and center. it is a mix of war ukraine, and we continue to see big movements here. >> we certainly do. we will keep an eye on what that means for the continued performance of those tech stocks which are rallying print we will have more coming up.

at xfinity, we live and work in the same neighborhood as you. we're always working to keep you connected to what you love. and now, we're working to bring you the next generation of wifi. it's ultra-fast. faster than a gig. supersonic wifi. only from xfinity. it can power hundreds of devices with three times the bandwidth. so your growing wifi needs will be met. supersonic wifi only from us... xfinity.

>> keep you up-to-date with news from around the world. here's the first world news. it is set to vote on a

long-delayed one and half trillion dollars spending bill. it will fund the u.s. government through the rest of the fiscal year. it will also provide 6 billion to respond to russia's invasion of the ukraine. the house democrats set up separate votes on the domestic portions. they are refusing to back a defense increase, and it will be needed. global oil demand and suppliers so far balance. as far as the upheaval of the russia and ukraine war. iraq's oil minister spoke exclusively with burke today. with the weak conference in houston. >> it is because of a geopolitical issue. we care about that. to make the market more balanced. >> that was the oil