at the american chamber of commerce in germany, president simona men at sheriffs or doubts about trump following through believing instead, his pledge is to place paris on all imports was simply a way to win vote. as soon as you try to protect and especially when you do the with terra's, it means rising prices, difficulties to exchange goods and therefore limitation and limitation stuff's growth and growth obviously creates wealth. and therefore, we believe it's not good for the world and especially not for the trans atlantic trade. in the last 20 years, the volume of trade between germany in the us has tripled exports to the us now account for almost 10 percent of all german exports. and nearly 7 percent of all german imports come from the us. this makes the us germany's most important trading partner from automotives to mechanical engineering to chemicals. there's hardly any sector of the german economy that would be able to cope with a drastic decline in us business was we've done the math. this could mean up to $180000000000.00 euros for germany over a 4 year period towards germany

as unicredit makes that approach to benko bpm and its own market and in commerce in germany. it agricole also has a stake in banko bpm. so we will watch that story and see if we get more details on the ceos meeting in paris. will retailers cash in on black friday? this is bloomberg. ♪ tom: good morning. this is bloomberg "daybreak: europe." these are the stories that set your agenda. the yen strengthens breaching 150 against the dollar as traders position for a possible rate hike from the boj next month at the same time as they cut from the federal reserve. marine le pen demands more changes to the french budget after a key concession on electricity taxes. and reports suggest iran will hold talks on its nuclear program and uranium enrichment plans today with european nations. checking in on your markets. european stocks snapped two days of losses and today are looking for direction. ftse 100 futures pointing higher by .1%. s&p futures pointing to gains of .3%. a shortened trading day in the u.s. nasdaq 100 futures looking to add 94 points. there is a move into u.s. treasuries.

at the american chamber of commerce in germany, president simone a minute, shares or doubts about trump following through believing instead, his pledges to place paris on all imports was simply a way to win vote. as soon as you try to protect and especially when you do that with tara's, it means rising prices, difficulties to exchange goods and therefore limitation and limitation stuff's growth. and growth obviously creates wealth. and therefore, we believe it's not good for the world and especially not for the trans atlantic trade. in the last 20 years, the volume of trade between germany in the us has tripled exports to the us now account for almost 10 percent of all german exports. and nearly 7 percent of all german imports come from the us. this makes the us germany's most important trading partner from automotives to mechanical engineering to chemicals. there's hardly any sector of the german economy that would be able to cope with a drastic decline in us business. i mean, we've done the math. this could mean up to $180000000000.00 euros for germany over a 4 year period towards ger

because the decision post down on the international chamber of commerce rules came as russia temporarily stopped discount supplies in 2022 to germany. however, in may this year, a russian quotes concluded the gas problem would not be affected by decisions that have foreign jurisdiction. well that's old comes as a you ton is emerging from austria's neva the czech republic. last year, promising announced it was nearly 100 percent free of dependence on russian gas. but with the price of alternative energy solves is on the rise, prague is reported to be quietly ramping up its importance of russian fuel via the voc. here as is the weather, it gets colder and with gas pump, potentially closing the top and gas prices in europe. have risen by around a 3rd since the summer? well, yearly peak levels, but we'd strong thursday coming to move in 45. you are a per megawatt hour. i discussed all this with a global policy research at george samuel a, who stays the politicians. i've only themselves to blame for the crisis. it will always have to keep in mind that this is entirely a self inflicted move on the part of the european nations of the v. y

cold decision pulse down on the international chamber of commerce rules came as russia temporarily stopped at scott's supplies in 2022 to germany. however, in may this, yet a russian quotes concluded the doubts from would not be effective by decisions in a foreign jurisdiction. well, that will comes as a you to and rhetoric is imagine for most areas, neva, the czech republic. last year it probably announced it was nearly 100 percent free of dependence on russian gas. thus, with the price of alternative energy sources on the rise at prague is once again round pinged off its inputs from low sky. as the weather it gets colder and with guys from potentially closing the top of gas prices in europe have risen by around a 3rd since the summer. well yeah, the peak levels will reach to on thursday plumbing to more than 45 years per megawatt hour for my austria environment is the car in to nice. so 12 is the issue between 0 and fee and gas problem could have been resolved through torques. they should have taken another approach and said, who was the partners from guests, from which they know well and figured out how to respond to this de

court decision passed on on the international chamber of commerce rules came as russia temporarily stopped, its gas supplies in 2022 to germany. however, in may this year, a russian court concluded that gas problem would not be affected by decisions in a foreign jurisdiction that all come such a new turn in rhetoric is emerging from australia's neighbor, the czech republic, last year, it probably in august, it was nearly 100 percent free, all dependence on russian gas, but what the price of alternative energy sources on the rise prague is once again ramping up its inputs from moscow as the weather gets colder. and then with gauss problem potentially closing a top gas prices in europe have risen by around a 3rd since the summer. just to give you a sense. all of that yearly peak levels were reached on thursday, climbing to more than $45.00 euro per megawatt hour. all right, well let snow fall slide i'm delighted to say to former australian for administer car, and can i sell at to help us make sense of, of what's going on? pardon absolute pleasure to see, you know, absolutely clear. if does problem, gas applies to austria. how b

commerce. as rules came, as russia temporarily stopped his gas supplies in 2022 to germany. however, in may this year, a russian course concluded the gas problem would not be affected by decisions in a foreign jurisdiction. well that the old tunnels, as a u turn, is emerging from australia's neighbor, the czech republic. last year it probably announced it was nearly 100 percent free of dependence on russian gas. but with the price of alternative energy sources on the rise of prague is reported to be quietly ramping up at some point solve the russian field via slovakia. and there's the weather gets colder on with gas pump, potentially closing the top of the gas prices in europe have risen by around a 3rd since the summer while the peak levels will reach on 1st day. so i'm going to move in 45. you are right per megawatt hour. let's discuss all this with george samuel, a senior research fellow at the global policy institute thing time when he, thanks for joining us towards good to see you. so guys, problem is not commented on. it's reported shut down of supplies to austria. wha

had a temporarily suspended gas applies to germany in 2022, which were also delivered to austria. legal claims followed and the international chamber of commerce came down with the settlement last week. however, in may of this year, a russian part concluded that guy's problem could not be affected by decisions made in foreign at jurisdictions. meanwhile, austria's neighbor, the czech republic, is making a you turn on energy policy. prog announced it was nearly 100 percent free of russian gas dependents last year. but with prices of alternative energy sources on the rise, it's reported to be quietly ramping up in ports of russian fuel by at slovakia with temperatures dropping and as promised potential suspensions, european gas prices have risen by nearly a 3rd since the summer. think levels climbed to more than 45 year old per megawatt hour on thursday. earlier we spoke with global policy research here george samuel a who says you politicians have only themselves to blame for the crisis. it will always have to keep in mind that this is entirely a self inflicted move on the part of the european nations of the you. if that happened to impose thes