incidentally similarly members of the e.u. and nato have been encouraging the actions of latvia and estonia to strip the rights of hundreds of thousands of russian language residents who have been called noncitizens. now there's a serious discussion for the introduction of criminal responsibility. criminal liability for the use of their mother tongue. senior officials officially state that the possibility of remote school programs, this possibility needs to be considered as something almost a threat to national security which requires the attention of law enforcement. turning back to ukraine, in february, 2015, the mining agreements were reached and this included, they were approved by special council resolution, fully in line with the charter which supports, i quote, any procedure for the resolution of disputes that was adopted by the parties. in this specific case, kyiv. last year all signatories of the agreement except for mr. putin, i refer to others publicly and with some kind of pleasure even recognize that having signed

incidentally similarly members of the e.u. and nato have been encouraging the actions of latvia and estonia to strip the rights of hundreds of thousands of russian language residents who have been called noncitizens. now there's a serious discussion for the introduction of criminal responsibility. criminal liability for the use of their mother tongue. senior officials officially state that the possibility of remote school programs, this possibility needs to be considered as something almost a threat to national security which requires the attention of law enforcement. turning back to ukraine, in february, 2015, the mining agreements were reached and this included, they were approved by special council resolution, fully in line with the charter which supports, i quote, any procedure for the resolution of disputes that was adopted by the parties. in this specific case, kyiv. last year all signatories of the agreement except for mr. putin, i refer to others publicly and with some kind of pleasure even recognize that having signed

in other major storying driving the global economy complex, the e.u.vory coast are trying to come up with different rules for cocoa. who should be paying for tougher regulation? we're going to discuss that next. this is bloomberg. ♪ kriti: cocoa is trading near a 12-year high as the world's biggest cocoa producer at the heart of it the ivory coast negotiating with the european commission over new environmental rules. the west african nation has been holding off since july as two sides disagree on all the details. we are joined by the second biggest cocoa produceer what are the negotiations like between the ivory coast and the e.u.? what's at the heart of it? >> theseus these have been ongoing negotiations. but basically what's happened now is that the law is being decided. and the e.u. is getting ready to implement it as early as 2025 or mid 2025. and what it's about is about basically cutting what they call consumer deforestation. it's the consumption contributes to the forestation by consuming goods that are produced. one day what they wanted to do i

but other e.u.publicized detailed lists of their actions. >> so is the expectation that everyone should just trust the cyprus government that they're implementing the sanctions that they're supposed to on russians? >> i'm not saying that everybody should trust the cyprus government. the cyprus government does not need somebody to trust it. we have the reports of the mutual assessment for cyprus 2019 that shows all the progress made in the past years. i think that we have proved as cyprus that we are a reliable member of the e.u. we do admit that in the past there have been mistakes. but cyprus has also been unfairly stigmatized. >> petrides told us the passports of sanctioned oligarchs are in the "process" of being revoked and said cyprus has seized 105 million euros of russian deposits...a big number, but just a fraction of the estimated 5.6 billion euros of russian deposits made in cyprus last year. we also asked minister petrides about this. the dozens of cyprus properties and active shell compan

the comments were made after dombrovskis warned the e.u.ould be more forceful in upholding fair competition and defending its interests against china. they both spoke at a joint briefing in beijing following the talks. >> we hope that the e.u. would exercise caution. to continue to keep this market free and open. this benefits european consumers, benefits the development of europe, and it benefits global climate change cooperation. >> the e.u. is having a trade deficit with china of almost 400 billion euros. and the european companies in china are raising a number of concerns about business environment. addressing these concerns will help china retain its capacity to attract and retain foreign investment and meet its objective of a sustainable, high-quality economic development. haidi: still ahead, mort market analysis as the reality of higher for longer rates sinks in for investors. we will speak to mottley for wealth management, next. ! this is bloomberg. ♪ i'd like to thank stitch fix.. ...for taking care of the shopping. for getting my

hungary needs money and e.u. has been frozen for hungary so i can see a quid pro quo happening there just before christmas. christian: thank you for telling us about it. those are the pictures from ottawa. at the moment they're all on standby there and it could be some time yet so we'll bring that to you when we see it. around the world and across the u.k., this is bbc news. a ick look at other stories making news today. detectives investigating the depth of 10-year-old sh sha shareef, releasing pictures of her. her stepfather and uncle have been charged with her murder. considering reform of the school system here in england. the prime minister's plans could include the compulsory study of math and english up to the age of 18. the shakeup of a-levels would be controversial but no final decision has yet been taken. king charles and queen camilla have wrapped up a three-day state france visit to france. they ended up in a vineyard in the southwestern city of bordeaux where they samp -78d some wine. two days of for

. >> the nato secretary general urged e.u. states it keep up their support. >> ukrainians are gradually gaining ground and proves the importance of or support and our ability and willingness to continue the support because this is heavy fighting, differ fighting. >> military analysts say maintaining western support is vital for the success of ukraine's counterevery. with another -- counterevery. with another winter approaching they hope for a breakthrough sooner rather than later. brent: we have a former u.s. ambassador to nato and special reserve to ukraine. we asked if he thinks the cou counteroffensive is going well. >> i do. people who had great expectations for swift recovery of territory didn't have their expectations in the right place. russia has created massive mine fields and tank traction and other forms of protection for their occupied areas. ukrainians are being very careful and methodical in going through it. they are protecting their people, not throwing them to the front line like cannon fodderment as a result

it was e.u. membership and ukraine's desire to join the eu not nato and not even to join but to have a free-trade agreement with the european union in 2013 that actually started the revolution of dignity and then led to russia's first military invasion in the annexation of crimea and the donbas. this has nothing to do with nato. support for nato was so low that the likelihood of ukraine joining was zero until russia annexed crimea. i think when we are having this heated debate because we're talking about human lives, that was just in the ukraine as well, we have to be careful about how we revise history to make convenient arguments. >> can i do a two finger agreement? we are that it is ok. i just published an analysis at brookings gmf analysis of the role that supports her insight of the role of corruption in the latest putin aggression and the response to the crackdown of the oligarchs which, if you look at the regional sources was a clear economic motivation that has nothing whatsoever to do wi

christian: the rules you described are rules for e.u. members.re aware of the politics in the u.k. the concern is when we talk about this quota, if it is something like 120 thousand migrants a year, if you have that plus you don't top the people smuggling, then you have an increasing level of migration, which would be politically difficult for kier starmer. what guarantee is there that is the people come across the channel in excess of the quota, that europe will take back that access? -- excess? >> that is not how it works. it is a common management that is planned for europe with 27 existing member states and as you just talked about, we have euro pole fighting against smugglers with very efficient common tools like the joint investigation teams we were just lking about and it is too bad they don't take part. i must say the u.k. is very attractive for migrants. they come into europe without any declaration, without asking for anything, but trying to go to the french coast and to cross the channel, and they are very quickly integrated in the lab

shery: we were just discussing earlier the e.u. entered subsidy investigation.: the biggest goal they really have to try to avoid any sort of accusation of subsidy that have helped them to achieve scale is to set the price high enough for the european market that really prices any subsidies that they may have received. for example, the zeekr x compact suv is selling for as much as 20,000 euros more in europe than what it's price is in china. so they are hoping that by setting the price high enough, it can offset these accusations that the european commission is accusing these chinese ev makers of flooding the market with cheap evs. they would say, actually our prices are very reasonable compared to what it could have been selling. haidi: a lot of challenges there when it comes to know just the european market, but across the globe and some of these international markets that it is ambitious about trying to attack. yes, chinese ev brands are really trying to expand into all corners of the globe now that china is slowing economy is seeing weakening demand. not jus

the e.u. went too fast. now they have to pull back. so what we're saying is on a timeline, it can't be days or weeks. nor should it be years. it'll be in the general cat gore of months. yes? i did not. i didn't know that. i leave the safety issues up to the capitol police. reporter: who should regulate? senator schumer: a few people mentioned a new agency. a few people mention and existing agency. a couple of people faulked at nist. that's one of the big questions we have to answer. we'll can't to -- we'll continue to discuss. reporter: was there a disagreement about what kind of regulation is needed for a.i., differences -- was it heavy handed? senator schumer: we heard the words light touch and heard others say avoid light touch. these are the difficulties. we have to try to thread the needle and probably in some areas a lighter touch is called for that are more benign. in other areas a heavier touch reporter: you mentioned but not moving fast but an i. but can you tell us what is happening? senator schumer: mr. round has been one of

now the story in the e.u.. is moving to legislation.in what is about to happen. >> tomorrow is a big day for the european commission. this is when they, and say which tech companies are considered gatekeepers, considered dominant in their space and they will layout which products of the companies are considered core platform services and that is what these companies will have to redesign to comply with the rules. we have seen lots of antitrust cases from the european commission for almost over a decade. what the european commission is trying to do is say these pieces have often been unsuccessful and instead of dragging them to court after they have done something they deem anticompetitive, they said let's get the rules from the get-go. we will see big rules come to fruition tomorrow. caroline: this follows from the digital services act and the digital markets act. it always ends up to be fines instilled or warned about. is that really what it is here? jillian: do you want to operate on one of the biggest markets is the stick. had comple

now, look, the e.u. has committed to basically the same thing by 2032.hat happened with the johnson thing was johnson wanted to get ahead of the e.u. to look green for president biden, and sunak has simply gone three years later. it's not a big thing. but biden and the democrats here will definitely notice that the most minimal change causes this unbelievable backlash. stuart: that's interesting. so he won't change. no. couldn't take the heat. douglas, that was good stuff. british accent, suit and all. >> i bring it all. shirt -- [laughter] stuart: new shirt. fantastic. thank you, douglas. >>> i want to get back to the markets. as you can see, we are in selloff mode. dow's down 160, nasdaq down 150. lou basenese with us this morning. are we going to get another rate hike from the federal reserve because oil prices have gone up to $90 a barrel? >> i've been long contending we're going to get one more rate hike. the market's been pressing its luck, and they think they're going to stop. i think inflation is going to tick higher. the fed is not afraid of its

the e.u.ndertaking an investigation into illegal subsidies of evs just like solar panels ten years ago. this is what's coming to the united states, and the uaw knows it. they know this is threatening them and also detroit. elizabeth: you know, the uaw has yet to endorse president biden for his re-election. >> yeah. elizabeth: but the other thing to too is, and if they do, you see a paradigm shift. more exit polls showing blue collar workers are moving toward the republican party. that's an issue for them because the unions have done get out the vote campaigns for democrats. and also look at what happened in new york city. in new york city jerry nadler, alexandria ocasio-cortez, they were shouted down. they were trying to speak about the illegal migrant crisis in the manhattan, but the protesters were chanting, you know, send them back, close the border. i mean, new york city mayor eric adams said, quote, this will destroy new york city. so you see voters here are fed up too. if. >> yeah. and,

katrina: you mentioned the e.u. membership. eu councile president make a decision on that. given slow progress on meeting those goals, do you think georgia will meet that deadline? guest: our georgian colleagues who have been speaking at the conference today and will be speaking tomorrow as well, they are very mystic. they don't believe this government will do the 12 things the european union is requiring. most significantly unproblematic is the de-oligarchization -- there is one oligarch in georgia who is funding the main political party and basically bung off the opposition. there is a strong civil society here that is pointing all of this out. but whether the government has the will to turn against a man who has given them all the power is an open question and one that right now, nobody is optimistic that the answer to it will be yes. katrina: the theme of your conference is "defeating putin." when it comes to the war in ukraine, do you think a russian president can be defeated? guest: absolutely. but the reason we picked "

and across the e.u. and the u.k. to actually pay attention and understand that unless they formulate a clear strategy and draw a line in the sand and stand by it, we are at war. we are not doing anything to defend ourselves, our people and democracy. churchill said it better than i could. democracy is a very fine balance. unless we do something today, i'm afraid in a couple of years we will not remember and will not recognize who we are anymore. >> thank you very much. a number of questions have come in, the first one i will read out is from leonard and he says the forum is very good, so how do we push back short of military conflict or is military conflict inevitable? catherine: it's a very good question. i'm not an advocate of war because several things need to happen before. but the one thing i would say is we need to do two things. number one, we must understand we have regional policy in the -- regional partners in the middle east that could help. saudi arabia, israel, georgia, iraq. many countries understand to

had a friend bases and -- front bases and finally the agencies involved particularly on the e.u. side not necessarily the ones that are leaders in the -- there is a bureaucratic complexities there. for now establish itself as a useful form for finding common ground. there are topics that could be brought in. for example, it is unfairly solid work on assessing -- release solid work on assessing artificial intelligence. why not take up the protection of privacy risk which underlines this whole conversation. the second aspect is there is commonality between u.s. and eu on the concept of accountability, blink in rules to make companies responsible stewards for the data i think that profit as well is something that can be flushed out further bilaterally and multilaterally. the last one is an additional trade agreement. there were corrections on data flows and in those negotiations. there were errors that were addressed. on data, and that negotiation. as the u.s. starts to add trade with additional regions in the world to go back to this conversation. >> some interesting options there.

you are in charge of administering this budget for the e.u.h has this complicated the picture for you? johannes: these are challenges we have to face. we try to react to this. when this commission came into office, the transition was one of our top priorities. the war in ukraine has given a push and we have committed ourselves. the european commission to spend at least 1/3 of the budget for the green transition in order to make us less dependent, having a better diversification of energy sources. that has an impact on the energy prices. matt: do you expect the budget items for the green transition to continue to climb? we had the ira and then you come back with subsidies in china and subsidizing their green industry. will this just ratchet up costs? johannes: first, we are happy if other big players in the world are equally committed to fighting climate change and investing into it. it is good that the u.s. is following us. there are some elements in the inflation reduction act that are not really find because the elements of protection are co

many countries, particularly those in the e.u.missions as far back as 1990. . but some of the emerging countries are highly a meeting nations, nations such as china, india and indonesia which together, account for more than 36% of global emissions. they have either not reached peak emissions yet, or have not committed to any peak emissions yet. so we hope the climate declaration at the recent g20 summit will pave the way for more aggressive or ambitious targets to be set at the cop28 later this year. haidi: the alternative is really pretty depressing. pretty frightening. michelle leung of bloomberg intelligence, esg analyst. let's get back to the market quite a bit of downside. bearish sentiment returning. volatility, liv-ex -- the vix gauge spiking as well. tokyo bearing the brunt of those losses, down over 1%, but really across-the-board, slumping following the wall street fashion nova. investors are contemplating the protracted period of higher interest rates. you can see firmly in the red are the benchmarks across the region,

the e.u. says they have given 6 million in aid for the disaster. we go to nairobi for more on this. it's interesting to see the reaction and local officials apparently taking responsibility for the extent of the deaths. >> people are outraged. they felt, if the warnings were heeded, if the infrastructure was maintained, maybe not that many would have died. many more than 9,000 are missing. the protests we saw outside of the grand mosque, people want a speedy investigation into the disaster. legal action against the people they feel is for this disaster and the aftermath after it. i want you to listen to the people there at the mosque. first of all, we pray that all of the martyrs rest in peace and i hope this will revenge the catastrophes. if there's recovery efforts, no one in libya be involved. this means that everyone is corrupt. a morn company should be involved. the souls of the martyrs will not be in vain. >> protesters want compensation for affected residence and a u.n. office there. they don't have confidence in te lekted public officials. >> thank you for bringing us the up

may: we already get rfp's that ask us about the e.u. app and it is not even law yet. built for customers being able to audit our training data and look at if there is copyrighted information. i think the companies that make it in the enterprise have to think about a world where regulation is here globally and not just in europe. ed: what roles are a priority for you to hire? what kind of people do you need? may: literally everything. if you are in tech and want to work in ai, please email me. caroline: we will not ask you to give us your email address on live television but maybe they can go to your twitter or social media accounts. thank you. coming up, let's talk about meta bringing back perks for employees to try to lure them back into the office after layoffs. this is "bloomberg technology." ♪ sweat isn't sweet. it's salty. lmnt. more electrolytes. zero sugar. you feel the difference when you get it right. stay salty. today's the day you graduate from southern new hampshire university. i've been waiting for this day my whole life. the fact that i get to walk acros

francine lacqua spoke with him on working with the e.u.ing down inflation. >> we have been taking measures to address inflation in the short-term. most countries in europe have put in place shelters against energy prices did that means inflation receipts more slowly less recedes more slowly. we have been taking steps to boost investment and growth. the last step we have to do is to improve policy. alix: that leads to dissecting the data we have gotten and where we set up. the chief economist joins us. what are we going to learn from europe the next few days as well as any data points we will get in relation to a soft landing? >> good afternoon. delighted to join you. next week, pmi data is important. we got a preview from the european commission. i think the message will be that august was a week month. we saw in the commission data that hiring appetite is coming down. consumer confidence is coming down. when you look at the manufacturing sector, construction, and services, they are all looking in the doldrums. that is the overall picture

>> i think the idea here to respond to some of the earlier comments from the e.u.in order to innovate at least that's what they would argue. indeed tomorrow we are expecting the european commission to publish a list of so-called core platforms so things like potentially apple app store, ios, microsoft's linkedin, operating system, a google search etc.. that will come under the scope of these landmark new digital antitrust rules known as the digital markets act. what these actually do is present so-called ex ante rules for the digital economy. a series of dues and don'ts for those big tech giants. guy: are they going to push back? will we see significant pushback from these companies? sam: if you look at the history of antitrust regulation from a brussels perspective that is been quite a combative dynamic between some of those big tech players and the european union's antitrust regulators, apple for one in google for another have been to companies that have obviously faced off against the commission regulators and the legal services in the european court so indeed t

this is an issue for e.u.rs because they're getting cheap loans, access to energy to batteries the supply chain, is that much more advantageous than china. so they're cracking down on this. but tesla got special treatment. they have full ownership of their chinese venture. so this is a key concern for them. europe is the second biggest market after the u.s. tom: it's really fascinating the german automakers on the ground and they weren't able to get that full ownership. but tesla did. and maybe now it's going to be problematic for them. we're looking nvidia and comments from kathy woodmont she's looking for other parts to play the upside. caroline: yeah, this is a drama that she's been -- drum that he's been banging. they started dialing back significantly. they're holding nvidia back in january. they missed the pop but you got remember, she was in there before it was cool for a decade or so. so now she's saying this is a no-brainer. but where are the other opportunities? go less sexy. it's all about managemen

because ukraine was looking economically to be e.u. to be a part of it.urity, peace and stability to nato for a political and military alliance. they saw that getting closer and closer and that's the reality of what has taken place. they came in here. it's not our war with russia. we're supporting ukraine. obviously and evict the russians who invaded their country and liberate their people. the russians supported north korea and north vietnam. to say we're directly involved in a war with russia. that doesn't make any sense. we're not bombing russia and not taking any military action against them. >> bill: you are in washington, d.c. and voices on the right now are speaking up more about the amount of aid going to ukraine. i want you to see on the screen here we're at $44 billion. the call for for the military aid from the united states. now overall aid is well over 100 billion so far. do you think as these voices get louder that congress will pull back on the strings, general? >> look, the facts are these. we're a little north of 44 billion and the europe

the ukraine refugee agency says the -- that young refugee agency says the vast majority entering the e.uin italy which has experienced an 83% increase on last year's numbers. at lease 57 people have been killed in two separate suicide bomb attacks targeting religious events in pakistan. the first occurred in the southwest and the second blast in the northwest. one struck a religious procession that was marking the birth of the islamic prophet mohammed. that attack claimed at least 52 lives. several more people have been killed in the northwest where another mosque was targeted. so far there have been no claims of responsibility for either attack. a journalist based in islamabad gave us her assessment of the blast. >> it seems like it was a coordinated effort given the similarity and the nature of the targets. and the expectation that many people would be gathered not only for friday prayers but also to celebrate the prophet muhammad's birthday. they have denied this attack. in the past, the islamic state have been responsible in attacks, such as the most recent one earlier this year on a

the second is app store economics are going to be improving, so in the e.u. to take 30% off the top. so that's going to flow right down into match group's margins. and then the third thing is they're rolling out different premium pricing tiers, sub gyms-based -- subscription-base models to gain more revenue per user. stuart: so you see it at 60 or over soon. >> we think it has a path to 75. yeah. stuart: whoa. constellation brands, the conglomerate of liquor people. >> your steady eddie, you know, beer company that pays a dividend, right? great company. i think you guys covered this maybe last week, that modelo has finally overtaken bud light as the number one beer in america. look, no -- modelo's partnership with ufc has brought in a whole new crowd of drinkers, obviously to. one of the most important things, we know that it's taking market share, but the brand's preference score has been exceeding its volume share which means that it is highly likely that modelo will continue to ping market share versus its competitors. stuart: it's more than just beer, isn

once one nation starts to subsidize, whether it is e.u.at a subsidy race to the bottom is not the right way to go. i do want to say that, you know, what we've been hearing from the u.s. at the wto is increasingly very supportive and we hope we could push in that direction. i think there is a realization that this system that we have, if we allow it to fragment and become too protectionist, we might lose it and that is not what we want to do. we want to maintain the position that has served the world for so well for so long. >> ngozi, pleasure to have you on. >> thank you. >>> next on "gps", something different. we'll tell you about a blockbuster movie in china. it's version of top gun. but it's all about america's bullying ways. okay everyone, our missiois to provide complete balanced nutrition for strength and energy. woo hoo! ensure, complete balanced nutrition with 27 vitamins and minerals. and ensure complete with 30 grams of protein. ♪ ♪ if we want a more viable future for our kids, we need to find more sustainable ways of doing thing

will be the the republican nominee, i believe maga-style victory could be in the end be worse for the e.uuch an outcome will undermine the progress achieved on many fronts in response to the war in ukraine. that money is coming on behalf of presumably joe biden, whoever it is, against donald trump. rachel: so in other words, what you're seeing is that they have a ton of money, as you know, george soros does, and they meddle in all kinds of european countries. they've been in ukraine, they've been kicked out of hungary, famously, he had a university there with where he was stirring the pot and creating all kinds of trouble, and they said you've got to get out, your policies are bad, you're hurting our country. that said, they're laying off a lot of people, but it's not because they're losing money, it's because they're redirecting all of this money, they're overhauling their finances to redirect the the money at donald trump. that's how big of a threat they think he is. will: and to my point, it hasn't even yet begun. rachel: exactly right. will: i don't know if it's my eyes are swollen, b

the e.u. needs to step in too. i was pleased to see the high representative statement in july that the e.u. is, quote, deeply concerned about the assistance. but i hope that actions accompany those words. instead of just taking azerbajini gas and saying it is an energy partner, they must bring pressure to end the blockade. how many leaders have promised to learn history's lessons and prevent future genocides. how many people have come do the floor of the senate and said never, never again? how many people will have to die of starvation before we act? with alyev potentially moving troops along the border, we cannot say we didn't see it coming. this time must be different. in the past plans to carry out genocide were clouded by distance or geography, but this time we know -- we know aliyev is doing it right now, and we must not only hold him accountable for his actions, we must stop him from succeeding and erasing this armenian community. we must stop him from starving these armenians to death or imposing political c

elle show you this, and that's to comply with the new e.u.e one standard of chargers, also titanium instead of stainless steel, faster chips. here's the difference in the chargers. this is the lightning cable right now, and this is the usbc that they'll switch. it's also going to cost a little bit more, so the new iphone 15, the top en, will cost a few hundred dollars plus. but most people buy their new iphones through these phone plan, it's roughly $10-20 more per month especially with the heavy subsidies that you get from the item comes. you'll also -- the telecoms. you'll get next gen air pods, possibly a new ipad mini, but i don't think that's going to happen. production will shift to india for the first time, you'll get india-made iphones which i think is a big deal. stuart: a you know what i like about the iphone? the engineering of it. it's a beautiful piece of equipment, you know? it feels good, sounds good. >> yeah. >> some people argue it's expensive trading at 28 times earnings, but you talk about a moat? apple has people who are p

washington's impression, which was that if khan stayed in power, pakistan would be isolated from the e.u united states but if he is pushed out of power, and all will be forgiven because as donald lu put it, washington understood imran khan's policy was his own policy and not the policy of pakistan. in other words, that if somebody new were put in place, the hope was that pakistan within become a key ally. again, of united states. in its geopolitical struggle generally but specifically with ukraine and russia. what is key to understand is the united states does not actually have much of an industrial base when it comes to producing the ammunition, artillery shells, kind of low-grade weapons you need for the kind of grinding war that is going on between ukraine and russia. if you want $100 million f-35 that is going to lose when it crashes, within the united states is able to produce those. entire lobbying infrastructure, entire cities outside washington , gleaming cities and skyscrapers, can be built up around those. i just producing artillery shells? that is something u.s. has outsourced

some are skeptical that this digital the markets act that's being implemented in the e.u. companies themselves. that maybe you need an outside arm to sort of monitor what's happening because, you know, you might think they would act in their own interest. but what is also interesting here is we mentioned alphabet, amazon if and meta. the other companies are apple, microsoft and bytedance. stuart: there's a shock. >> yeah. i thought that was really, really interesting, to be able to watch -- obviously, just so people at home know, basically the owner of tiktok. stuart: ask they want more self-regulation from big tech. >> right. uh-huh. yeah. eyebrow raise. stuart: well say. arm, as in a-r-m, they'll go public on the nasdaq next week. this is a chip design firm, and it has caught the interest of some very big tech companies. it's an a.i. play, who wants to buy in? >> apple, google and nvidia want big stakes in this company. now, there was a fail merger or purchase agreement in 2020 the, and that's why this company has the opportunity to go public on the nasdaq. but basically

the e.u. says no more, the commission is looking into it at least for now. we'll wait and see if we get headlines on potential tariffs. >>> all right, just a big day after the unveil of the new iphone 15, apple shares continue to fall, now down about 11th after the chinese government -- 1% after the chinese government said they've seen, quote, many security incidents involving iphones. now, we need to be clear, the government came out and said we don't have any china iphone ban that has been announced, we are not banning them, we are not restricting them yet. fears of restrictions have added to what is now a 6.5% loss month to date. and either way though earlier the markets were really brushing off the latest consumer inflation data that showed the largest month over month if increase in 14 months. so let's bring it to the floor show. ubs managing director, big wealth management guy, jason katz, and circle squared alternative investments' ceo jeff sica. jason, is it apple? apple is not the biggest drag today, but apple is a main story here, not to mention th

you have been seeking e.u. membership since 1999. are you prepared to abandon that? pres. erdogan: we attach great importance to the decision made by the you. if the eu would take such a step forward we would welcome it. turkey has been lingering at the doorstep of the eu for the past five decades and we were always self-sufficient. we never relied on contributions or support from the eu so it is not necessary for us. amna: in to lie you suggested the eu should admit turkiye into the eu if it wanted to see sweden in nato. do you see those issues is linked to? -- as linked? pres. erdogan: sweden's position and our current position with eus session are different things -- eu accession are different things. we support sweden's bid to join nato but sweden is supposed to rise to the occasion and keep their promises. on the streets of stockholm we see terrorists roaming freely. amna: you did agree at the nato summit to forward sweden's nato bid to turkish parliament. do you expect them to take that up when they reconvene in early october? pres. erdogan: sweden's bid to join nato

how will this move factor into ukraine's bids for e.u. and nato membership? ukraine to be able to join nato and the european union, it was that bid that started this all off in 2014. it is been made very clear to kyiv, it is going to have to clean its act up. now the outgoing minister has not been tainted by any of the corruption or procurement scandals that have tainted the ministry these last few months. but till this is a clean slate and an opportunity to move on and turn a new page and signal that strongly to nato allies. >> melissa bell, thank you. >>> well the proposed minor mode for the internet in china intended to limit screen time for kids. why some younger users say try again. will put an end to yor drive-through dinner rituals. throw that powder in that tasty combo of delightful carrots, and the rich touch of bokok choy. knorr taste combos. it's not fast food, but it's s soooo good. ♪ ♪ hi, we've both got a big birthday coming up. so we have a lot of questions about medicare plans. we've got a lot of answers! how can i help? well for starters, do

well as, this intimate was echoed by the bmw ceo and he said that there's another guest man coming the e.uthat is going to create an imminent risk for this car companies when they are not able to compete with countries like china so also you get the deadline zeros, but we don't yet have a transition plan to guess what is making them cheaper kelly ready great journalism their reporting spring back into the circle advisor, the present companies will expert professional, he's great is over there, headfirst you see, could this talk biden's reelection high gas prices limit we've expensive cars and oils know about 90. >> it was to test gas price is a good barometer for la americans are feeling good about the economy that is been through troop since the 1970s when you know, 40 jimmy carter present both were tossed out because of high gas prices pets are they is a horrible indicator that you see you know they will price you know well over now i think it is about $90 a barrel predict that means god by the gas prices are going higher this, is not going over the weeks ahead. liz: was steve just said,

. >> well, apple resisted this change violently because of the e.u. regulations that forced them to do this. they are resisted because they thought it would be a waste for consumers to dispose of billions, literally billions of these cables. we're looking at a population of iphones in use today of 1.2 billion units and probably there's more than one cable per phone in use. so we are looking at a waste. but, again, it wasn't something that apple wanted to do. there are good reasons why the old connectors were, you know, superior to the usbc. having said that, they're trying to positively ship it and get a little more transfer speed, get a little bit more power through the new cable, and you can use it for pro applications a little easier like using a hard drive directly with your iphone. however, again, this isn't something they want to do to sort of extort more money out of people p. it's been, it's been a regulatory issue for them. liz: okay. is so as they talked about how they didn't want to put billions into the land arefill of plastic and all kind

the e.u. at this moment is already tunisia's biggest foreign investor and trading partner.ot of potential to do even more. malcolm: this european handout is intended to help reduce the number of migrants landing in italy, not far from tunisia. kaouther: that money isn't going to go to immigration. that money is going to go and strengthen kais saied's power grab. it's going to strengthen the impression that's happening in tunisia. malcolm: natasha tsangarides, an advocate with a nonprofit called freedom from torture, is also critical of the european deal. natasha: europe talks a lot about the principles of democracy, fairness, rule of law, human rights. they need to put those principles right at the center of what they do, because now, with these sorts of externalization deals, all of those principles are under threat. so, what are the chances that, having overthrown one dictator, tunisians will rise up again? gordon: similar conditions exist, so it wouldn't be a surprise if it were to come. the economy is going to continue to deteriorate, because he doesn't have a plan. at

the crown jewel in the e.u.'s programs, the european version of pnt. originally it was anticipated to be a public-private partnership and it, was difficult for them to get industry people on board because of the issue of liability. were they going to be covered? so this is not a new problem. ultimately it became a public service model and government-provided. they ditched the ppp. there is a lesson to be learned. right now the discussions in the u.s. government have also involved something that comes out of this commercial integration and our increased reliance on things like imaging and telecommunications from the private sector, and that is looking for ways to do this protection. looking to the civil air reserve fleet craft. and of course, it's not an apples to apples comparison. i am sure you have seen press about this. ssc just cut the ribbons on their center in chantilly. one of the things they're working on is a space version of crafts, like the commercial augmented space reserve. the big issue is, how are we going to handle this issue of liabili

the vice premier expressed beijing's strong concern and dissatisfaction at a joint briefing with the e.uails from our greater china senior executive in beijing. john, given the ongoing tensions, how productive would you say the visit was to china? >> i think it was important that he came here to beijing. he is coming just after the european union, to many people's surprise, beijing announced the investigation into subsidies for electric cars, he has, while he was here in beijing, said the eu will be more. -- more folks will -- more forceful in protecting its trade rights. the vice premier said the eu should act with caution. that the european union -- keeping its markets open would be good for europe and china and climate change and cooperation across the board. china has not signaled what it might do in retaliation if the european union were to take sanctions or put tariffs in place. but i think the impact of any tit-for-tat would be quite huge for both europe and china. haidi: i guess my question is given the domestic challenges, are we seeing any kind of change in the rhetoric? and a

the e.u. is buying more crude oil from the united states as they divest from russia. and new economic partnerships are cropping up globally as a result of our u.s. leadership. the tie between women's empowerment and global security is an american values-based leadership. the members of our bipartisan and bicameral codel, we saw that firsthand. as our leadership and values inspire nations across the globe, we must respect are, encourage, and celebrate those that exemplify it. you know, you don't have power if you don't use it. but by working together, our strong leadership here in the u.s. can continue to change the world. i really cherished the opportunity to gain experience, knowledge, and perspective from our leaders at the headquarters of the u.s. indo-pacific command. as well as leaders throughout the region when it came time to domestic and international security matters and energy issues in the indo-pacific. i'm also thankful for the company and counsel from the other members of our codel, senator cindy hyde-smith from miption, krissy houlihan from pennsylvania,

and when my colleagues say, we cannot abandon the e.u. that is like fingernails on a chalkboard to my fellow americans who often feel like they are the ones who have been abandoned. as we send $115 billion to ukraine and ignore what is going on on our own border. we also ignore what's going on with a lot of first responders. in our country there are police and firemen who do not know if their pension fund will be strong enough to support their benefits throughout their life. we do very little on that front but we have underwritten the full pension of every civil servant and government employee in ukraine. abandon them? i just don't think we should bankroll them. that's why i would encourage adoption of my amendment. i reserve. the chair: the gentleman reserves. the gentlewoman from minnesota is recognized. ms. mccollum: i reserve. the chair: the gentlewoman reserves. for what purpose does the gentleman from arkansas seek recognition? >> madam chair, i rise as designee of the gentlelady from texas, ms. granger. madam chair i move to strike

euro area supply capacity, which should be supported by the full implementation of the next-generation e.urice pressures in the medium-term while supporting the green transition. the reform of the eu economic governance framework should be concluded by the end of this year and progress toward capital market unions should be accelerated. looking at inflation, inflation declined to 5.3% in july but remained at that level in august according to euro stats. it's decline was interrupted because energy prices rose compared with july. food price inflation has come down from its peak in march but was still almost 10% in august. in the coming months, the sharp price increases recorded in the autumn of 2022 will drop out of the yearly rates, pulling inflation down. inflation, excluding energy and food, fell to 5.3% in august from 5.5% in july. goods inflation declined to 4.8% in august from five percent in july and 5.5% in june owing to better supply conditions, previous drops in energy prices, easing price pressures in the earlier stages of the production chain, and weaker demand. services inflatio

it feels like the e.u. are not going to tolerate that competition.ut from a workers perspective, how much are they getting into tried to affect how some of these technological changes affect their jobs before it is too late? jonathan: kevin mccarthy calling for an 8% spending cut to domestic agencies and for work resume on a border wall. the house expecting to vote on the measure thursday. we are doing this all over again. tom: i level the washington post said, where there is five ideological cohorts of the republican party. my basic idea is even the least fist -- least sophisticate of people know and a percent budget cut, i assume nominal, maybe that even mean real -- it is just foolishness. why waste our time, of all political persuasions, doing that? lisa: this is not popular with voters. nobody likes seeing government shutdowns. how divorce is washington getting from voters, whether from the republican side or the democratic side? it raises this question, at what point will political this may at a potential government shutdown actually mean anyth

february, commissioner vestorberg described for me in a meeting that we had how the gdpr has allowed the e.u. to move forward on a.i. the difficulty of installing guardrails while still encouraging freedom and innovation is not unique to a.i. we have done this in the past, and we are going to need to do it again so that we retain that superiority in artificial intelligence and quantum computing. i yield the floor and note the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: the clerk: ms. baldwin. now free from imprisonment for detention from iran, iran, is in now in doha and route back to the united states reunited with their loved ones. five of the seven detained some for years and to others prevented from leaving around. i can tell you for them, for me an emotional conversation. the work we do every day in foreign policy and other countries and forgetting the heart of everything we do is therefore the freedom of these americans unjustly imprisoned and seeing some pretty basic things. and grandparents and see each other again and deal with each other a