annmarie: they are in recession. mr.toltenberg: but nato allies realize we live in a more dangerous world. we have the biggest war in europe since the end of the second world war. we have ramifications for the global economy with energy and food prices. so we need to invest in our security, and that is exacted what nato allies do, because if we don't have security, if we don't have peace, then we will fail at all of the other efforts on insperity, economic growth, climate change. annmarie: i know you are not meeting sergei lavrov here, but you are meeting china foreign minister on the sidelines of the general a simply. we just had president biden say that u.s. forces would go to defend the island. do you think this strategic ambiguity is working? mr. stoltenberg: the united states and nato allies have made it clear that our policy regarding china and taiwan has not changed. we adhere to the one china policy. having said that, we are concerned about china's stated missions, coercive behavior, and there is no reason to thr

guy: annmarie, thank you very much indeed, as ever. annmarie hordern joining us in new york.ing up, the fed's efforts to bring down inflation could cause more harm to the united states the global economy. we continue the conversation next. this is bloomberg. ♪ alix: an hour into the u.s. trading session, you'll still higher. equities pretty much flat. abigail doolittle is tracking those for us. abigail: we are well off the lows we had earlier. to your point, basically flat. feels like we will be fluctuating, even flipping higher. dow up more than 1%. you can see the major indexes, dow and s&p 500 and the nasdaq ever so slightly. dollar is off of its highs. earlier it had been of .3, .4%. oil, that risk asset at a deep dollars per barrel--$80 per barrel. this is just shocking, if we take a look at the longer-term short of the two-year yield. here we have close to 4%, really just incredible, at the highest level going back to 2007. this is when investors believed it would be in the hiking mode for longer. the 10-year yield coming up quite as much is slowing or the expectation i

annmarie hordern joins us now.igh-level talks come right as we get this headline that the kremlin is trying to stage some votes on annexing certain regions of ukraine, which would enable it to force its hand in the region. what is the conversation there on the ground? annmarie: vladimir putin coming out, according to interfax, as soon as this weekend, to the region. this shows how much putin is undermined by these recent successful ukrainian counter offenses. i spoke to a foreign minister yesterday who was here for the u.n. general assembly. what he said is that luhansk is the only region russia has full control over right now, and potentially this is a way for russia to sell back home a success, if he says we will bring these regions into the russian territory. for him, that is a tit-for-tat one up on ukrainians. there's talk of potentially is it over. the issue then becomes ukraine will not accept this. they still have not excepted crimea. why would they accept this? this puts any damper on any peace talks. guy:

annmarie: he's a team player.was not swinging at things the past five or six games to make sure he gets what he wants. he is about winning. jonathan: stepping up to the plate. lisa: if you stop winning, it is good to go to the mets, they are winning right now. jonathan: between the two futures. annmarie: lisa, upper west side, how does she become a mets fan? lisa: not particularly. but it is nice to refer the underdog. and if they win... jonathan: are we done? lisa: we can be done. jonathan: it was football time over the past 10 years. a delicate moment yesterday for the president. in the meeting with the press secretary. it did not go too well. tom: really delicate and major kudos for the person who raised the dialogue on the issue. the note from ngf is gentle. jonathan: futures down 9% on the s&p, looking forward to the next. why from new york, this is bloomberg. hi, i'm jason and i've lost 202 pounds on golo. so the first time i ever seen a golo advertisement, i said, "yeah, whatever. there's no way this works

annmarie: he was asked if they would defend it militarily, and then aides came up and said they woulde. not only would he say we would defend taiwan, that you have them sing u.s. policy has not changed, are you saying u.s. forces would defend taiwan in the event of a chinese invasion, unlike ukraine and again a yes from the u.s. president. it comes at a time when u.s.-chinese relations are in a difficult place. had a speaker pelosi go to taiwan. massive drills of military around the street of china, cutting off climate and military talks with the united states. in washington, top of new legislation saying taiwan is a non-us nato ally and sending more military hardware. you have deterioration in the two countries and now the u.s. is saying it is going to put the backs up of individuals in beijing, head of this massive party congress for xi jinping. lisa: is any correlation between his comments now and the meeting with putin? annmarie: he wants to show that he will defend countries like taiwan and countries he feels other nations are being encroached on their sovereignty. what you saw b

annmarie: the u.s.trying to make sure they can shore up support on the european continent in the wake of russia's invasion of ukraine. that is something that we are all stern to grapple with, the question on the policies enacted by the united states and its partners, is that going to really hurt european economies the most, and what can the u.s. do to make sure that they stay in place? jen stoltenberg today said it will be a really tough six months. how do we keep this unity alive? he even alluded to the fact that we could have civil unrest because this is going to hurt your can't -- the european economies much more than the u.s. lisa: does the fact that the midterms are now within two months away and people may be looking more internally domestically in the united states impact what the u.s. is likely to do for its allies? annmarie: i think it definitely impacts the messaging we will see. the president has been in wisconsin and pennsylvania, going to ohio. treasury secretary janet yellen going to detro

jonathan: we will catch up with annmarie later. a poll from yougov, labor with a 33 point leave over rolling conservatives. this has been described as the biggest leading -- by any political party since the late 1990's. tom: i took the liberal democrats to labor, i guess they are not conservative. it is the -- stunning the gap. jonathan: joining us now, andrew griffith. fantastic to catch up with you. we understand the prime minister is meeting with the obr today. should the forecasts from the ob are be published before then? andrew: the key thing to take away, the government, the obr and bank of england are working in a coordinated fashion, each doing their respective jobs. the bank is doing its job on monetary policy and market conduct. the obr is doing its job on forecasts, bringing the forecasts when they are ready to wrap in recently announced government growth plan. the government growth plan which has features about energy protecting households and businesses, how we are going to go forward on energy security, building clean

annmarie: at the moment, there is not a lot of public pushback.king in polls and what people want to vote on are the economy, the border, the two big republican talking points. for democrats, it is the like of what is happening now with the former president and his issues after the mar-a-lago raid, getting all of the national security documents, abortion. these are the issues that obviously are tracking within the public, but i think many americans probably feel the same way you two do, which is, how would our viewers feel if i was able to trade oil contracts given the fact that i talked to a lot of people in the oil industry? we would never be allowed to do it. the big question is, why our elected officials who have sensitive information? lisa: how much transparency is there around what their holdings are and how they trade? how quickly do we learn about them? annmarie: later in disclosures, not in real-time. lisa: so they have time to get out of it. annmarie: ahead of the bad news. at that point, it is a news story. lisa: what do you thing about

for more in d.c., annmarie hordern. people thought that was clumsy.the white house at the same time. annmarie:annmarie: it was quite awkward. greg calling it tone deaf. as markets were crashing and hundreds of people celebrating the inflation reduction act, james taylor was singing rain and fire. at the same time, there was no mention at all of the inflation data that had come out that morning, which was worse than expected. for many, it was an awkward moment. one said to me, did anybody look at the calendar to match up you are getting this inflation data and have this other celebration? that was quite awkward. and in the president later said in the day he was not worried about the print. tom: the most depressing part is knowing you are not sure if it is fire and rain or rain and fire for james taylor. when that song broke i was at the university of colorado. thunderstruck by what james taylor did with the guitar. why was james taylor at this event? what is the messaging? jon mentioned this earlier, the clumsiness of the message. how do you drag the s

annmarie, walk us through an update of these sanctions. annmarie: two things stand out.t through the massive names, these are two individuals who on the international space have represented over the close of -- course of years, russian monetary policy -- elbe ira has been respected, part of the reason why in the past prior to putin's of ukraine you saw foreign investors pile into russian debt. you can thank her, she was an individual that investors like. she was known as one of the sharpest minds in monetary policy. you have the deputy prime minister novak, the former energy minister. he is at the helm when it comes to russia's energy policy. he is the one getting on the phone with his counterparts in saudi arabia to discuss oil and energy policy, and output. he has been regarded closely input and's circle when it comes to that exacting energy policy. should note, the one big takeaway i have seen off of these lists coming out and off the treasury list is that in addition, they are saying the office of foreign assets control is showing new guidance warning of the heighten

annmarie: really this whole u.n. general assembly has been about is ukraine. when he speaks to the secretary-general and the uk prime minister, russia's invasion of ukraine, that will be top of the list. there will be other issues. notably energy security, food security. 2.9 billion for food security and made it clear u.s. sanctions on russia does not mean they cannot exist further. especially for the likes of countries like latin america and the caribbean they've increased so much of their fertilizer. with the united kingdom typically there will likely be a conversation with regards super exit negotiations with the northern ireland agreement. wanting to make sure that good friday agreement stays in place. guy: thank you very much indeed, a continued coverage of the u.n. general assembly in new york. let's talk about what was happening. we saw the european equity markets closing. very light volume. the fed is the next major event we will be watching for later on this evening. that will be a critical event for markets around the world and europe is no exception

annmarie outside of the white house. let us talk about what is happening in the senate also in d.c.ou have the former security chief pieter zatko talking to a senate panel. we are watching this with a great deal of interest. i would have thought that somebody else is watching it even more closely. alix: mr. musk, i would say he is very much watching this to help his case that he would be let out of the twitter deal. we know that he said that executives focused on profits over security. he has said that in the past as well. he said the ftc is in over its head and this is as the ftc tries to explain claims to the senate panel. he also goes to say preemptively that he does not make any disclosures out of spite because he was fired due to poor performance. guy: senator grassley calling for a ceo magic nate -- resignation. you almost never see that. what was interesting is that he was invited but he declined to come to the meeting or the hearing. so, it is getting feisty. as you say elon musk is paying a great deal of attention to what is happening. this in some ways goes to the heart of

leigh-ann: he will be gathered with stash annmarie: you -- annmarie: he will be gathered with governorsthe inflation reduction act. they knew this was going to be one of the biggest issues. this has money going towards climate change, corporate tax if you make over $1 million, and lowering the cost of medicare. how will the president be able to stick with that message with the fact that inflation today is higher? the one piece of spin they will want to grapple with is that they worked all summer to bring gasoline prices down from where it was at the june peak to over five dollars per gallon to just under four dollars per gallon now. that was the one bright side of this report. it is less than two months away from the midterm election, republicans are going to harp on this. tom: which party is advantaged by sustained inflation? annmarie: that would be the republicans going into midterm election. they are the ones who can say inflation is not coming down, it was not transitory, something that the treasury and the white house told us it would be. the republicans want to make sure this mess

guy johnson and annmarie hordern. we have gone back and forth on this a lot together, anticipating a moment that the country never thought would come is here. walk us through what is on the schedule, what is off the schedule. guy: what is on the schedule is a series of ceremonial events. i can hear the guns from here, the ceremonial armory firing those guns, 96 shots fired marking the lifespan of queen elizabeth ii. we will see a lot of ceremony like that. we will get details over the next day or so about the funeral that will take place in 10 days time. that will be a national holiday, market holiday if it falls on a weekday. in the meantime, they will be a series of ceremonial events that will take place. formally putting forward king charles as the monarch. he is already the monarch but that will formalize the process. we will see parliament return, swear allegiance to the king. they will effectively have a vote making the king, the king. parliament's recognition of that. the queen will go to edinburgh, ultimately

annmarie: we are already seeing impacts on the war and societies across the world.security, energy. how sustainable is this? for how long are nato allies prepared to send support? >> we have to support ukraine as long as it takes. we have to understand, this goes beyond ukraine. we have a moral obligation to support. if putin wins in ukraine, it is a lesson learned period they can use military power and achieve political goals. that makes us more vulnerable in the world more dangerous. it is in our interest to help ukraine. dani: the nato general condemning plans to hold that referendum. for more, let's get to europe's respondent maria tadeo. >> it is obvious they proceeded as clearly escalation. if you thought we are near a diplomatic resolution, russia may decide to snap away territory, you heard it right there. this is pointing to escalation and shows that ukraine will probably need more support and more weapons on their allies their speech, the language where they told the general assembly there were only be peace in europe but we have to be crystal clear about

bloomberg tv's annmarie, thank you for joining us.ded edition this friday morning. "morning joe" starts right now. ♪♪ ♪♪ >>> london, england, on september 12th, 2001, the day after the 9/11 terrorist attacks, as her majesty the queen broke a 600-year tradition in order to stand with the united states. requesting for the first time the "star spangled banner" be played outside buckingham

jonathan: annmarie hordern tom: -- -- tom: thank you very much.m elections, she looks at the mid-capitalization of equities with small-cap. looking at the mid-caps small-cap towards small-cap, if everyone sheer leads and it doesn't happen until that happens, then it is boom, small-cap takes off, are we there now? julie: i don't think we are there yet, there are still so many contrary indicators. but the fact that employment is strong gives the fed the most amount of room to be able to raise rates pretty proactively. they have to after all of the most recent. it's important to keep in mind that quality mid-cap names have demonstrated that they can be resilient. lisa: this is really -- tom: this is really critical, folks. you just heard from a grizzled pro. she's not brittle -- grizzled, but you get it. [laughter] amazon, bristol-myers, it's quality. how do you determine in an income statement if small-cap is already? julie: i think what's really -- is quality? julie: i think what is important is to look at durability. we look at the last financial