you will have to return plus interest, one three-hundredth of the key rates of the central bank everyhere can be only one person using state money and the only exception is if you open an account with one company and close it in another, but even then two eggs can only be kept open for a month and most important, if you have already applied for a deduction to the tax service, that is, you have begun to use benefits by type, otherwise you will not be able to change the type of account. it will only be possible to close the account and open a new one, by the way, money cannot be withdrawn from the ist in parts, you can only return all the money and securities all at once . so let's repeat. the main thing at the individual investment account. there are two types of benefits to use, you can use only one of them, the first one can get a tax deduction of 13% of the amount of transfer to ip, it is beneficial for those who have a large white salary and caution investment tactics, the second one can exempt the entire invest from taxes, it is better suited for large volumes risky investments. i

so this is one of the reason the supervisory side fed does, central banks every bit important as whatkeep our financial system stable as it they continue to raise rates. neil: because you never know, right? history might not repeat itself but often times it sure does rhymes. sheila bair, great catching up with you, thank you very much. interesting insight on sheila's part we're not factoring in interest rates essentially doubling from what they had. we hope they're ready for that just in case. the dow down about 107 points. stay with us. your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire ♪ ♪ wow, we're crunching tons of polygons here! what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, like real time cgi. okay... yeah... oh. don't worry i got it! become an agent of innovation with invesco qqq ah, these bills are crazy. she has no idea

central banks have to jump in. i don't think we should have put the central banks in position every time is a fluctuate in the marketing to make people feel good >> is that what happened in the uk >> my view is they had little choice they have did the right thing. to see the risk in the bond market is not someone got hurt on the bond side, but it hurts the economy. you don't want to see people moving through the economy with a really bad market. that doesn't happen a lot. it happened in 2008 and 2009 the bad market started to affect the overall economy. a lot of times you have these things and the economy didn't wince wince. >> we are here in london jpmorgan chase invested in chase uk speaking of tech more broadly, what do you think of tech valuations right now >> first, brag about chase uk. i met with the team and the people working there now over 1 million accounts. i was going through the issues we have a long-term plan to build. i'm excited. they have done a great job tech always changes the world. it is the thing that changed just about everything. i'm talking about over 2,000 years. tech valuations will come d

money when inflation was running at 40 year highs around the world and the central bank of the uk was trying to tighten like everyther central bank in the world and some say liz truss only has a few days, 17 days to prove that she's the right person for the job or there could be as you know a no confidence vote, backed by a coup to get her out of the job we've seen in several times throughout the decades. ashley: it's remarkable because there's still support for boris johnson even though he's already resigned and it's a real mess and caused real chaos in the markets over there but now the chancellor has been replaced. interesting stuff. susan: politics in the uk with the boos and nays and high drama in such a historical place. ashley: it's great watching on tv too. by the way, it's never a dull moment. go back to the big banks on this side of the pond. what more do you have, susan? susan: we have to take a look at this because this is how well the u.s. economy is doing and judging by the market reaction, some of the banks are telling us that the economy is doing better than expected including jp morgan, jamie dim

the same time trying to halt the craziness >> i think the instability really got caused by every central bankry congress thinking money grew on trees and we've pushed so much money into the system during the covid pandemic, and this is pay back and pay back's painful it just is painful and, you know, when you have inflation, when you have wage settlements at 5, 6, 7% that's a long way from the 2% stable inflation rate and so wage -- until wage pressures start coming back down, i think the fed's going to have to be more cautious to normal to some degree this is just pay back pain. >> but the federal government can help, can sign the 1.6 worker visas and let immigrants back in. that can help us if you added more supply to the labor market you would have lower wage growth especially the way out of jobs that are hard to fill he is using a very blunt tool, right? and the end game here is there will be all kinds of cracks showing up it's like kind of walking walki through a minefield. you will hear about companies not making numbers currency is all screwed up you have microsoft's earnings. you have

what look, every central bank is in the same problem right now. they're really, really worried about inflation. last thing they want is inflation. now they're forced to raise interest rates, but what does interest rates do? especially in economy like the or you can interest right now, higher interest rates are going to stifle the economy and that could risk raising our spectrum stagflation. that's the worst of all outcomes. and that's something that we really have to contend with going forward throughout the rest of the year. how, how all is stresses affecting the global financial markets? financial markets, remember, i think one of the lessons we learned last week as there was a lot of risk throughout, especially with regards to these l d. i'm investments that are really designed to sure our pension funds and keep them oh, you know, sort of isolated from global ris sentiment, but that's not working. and this is one of the big problems. we can see that t k j and started from the l d. r 's in the u. k. start to spread into your and maybe even the u

but not every central bank is in the same problem right now. they're really, really worried about inflation. last thing they want is inflation. now they're forced to raise interest rates. but what does interest rates do? especially in economy like the u. k. interest rate. now, higher interest rates are going to stifle the economy and that the risk raising spectrum stack play should. that's the worst of all outcomes. and that's something that we really have to contend with going forward throughout the rest of the year. and we have the tail remaining candidate for the presidency. have gone head to head in a debate for the 1st time, present. jade both scenario and challenge. and lucy, now you live, the silva locked in a tight one off that take place in 2 weeks. no, no, says both scenarios, negligence during the pandemic lead to hundreds of thousands of preventable dest also narrow accuses opponent, allies of harming the poor, was the savvy keowee store, could be that, you know, i am a candidate with perspective to rebuild this country, get this co

who is willing to blink and can we get to that equilibrium, the new equilibrium without central bank intervention everyhe way? >> that is the major question. and these interventions to be clear are temporary. i think they use the word band-aid. these are just and aids. and the global economy is not clearing on its own. if it is allowed to clear on its own, there's going to be a lot of collateral damage. you know my view. when you distort an economy for so long, getting out of the distortion is problematic. and that is what we are learning. we have no choice but to get out of the distortion. if we don't, inflation is going to be more problematic. i think you and i have been warning people, all of you who are looking for a pivot, be careful what you wish for. this can only be an accident or financial accident. in the journey is a brief journey. david: bloomberg opinion columnist mohammed spoken with jon ferro. intervention in some ways, putting a floor underneath oil prices, big news out of opec. early on, some substantial games. across these energy countries in australia as you can see, one and a half t

but it's something central banks have rarely been able to deliver. almost everyerience in my career, which goes back many years, central banks have gone after inflation by tightening monetary conditions and they have generated recession. that is the only way they have to affect prices that are too high, is to cause demand to shrink relative to supply. the only brave part about jamie dimon's statement is putting a six to nine month timeframe on it because we got a good, precise view of what it is going to happen. it is certainly not happening right now but the cards do seem to be on the table. tom: part of the calculation for the fed, and the implication for the recession risks, will be data thursday out of the u.s. the data that you analyze, what are you seeing to suggest clarity on the stickiness of these higher prices stateside? carl: the fed is not going to find what it was to seat, it is going to see headline come down, but that will mainly be a function of gasoline prices. when we look at core elements of the cpi, you are going to see too high rates of incre

placed an unfortunate emphasis on the level of financial fragility we have in a world where every central bank is retreating. it is creating dislocations in government bond markets. this bill over we saw into the treasury. it showed we are not alone in that level of fragility. but the supply side actor story is very much there. i think it is down to public-sector credibility in the bank of england finances. scarlet: which is why it is so important that he has kept on jeremy hunt as chancellor of the exchequer. even that used to be sunak's role, will sunak leave hunt to do that job, what do you see him interfering in any way? lena: i think it is safe to say there are active discussions between whitehall, number 10, number 11, and the bank of england at the moment. it probably suggests we are in an environment where public policy conversations are not going to be made -- decisions are not going to be made in isolations -- isolation. those conversations between the bank of england and the chancellor, but of course rishi sunak, will be responsible for that, given his own economic credentials, and

we had many decades work central banks were able to get what they want, they were not very constrained. every time the economy veered in the loot, central banks could ease massively, that would not raise inflation, but there are inflationary pressures coming into the environment. it is going to take some number of years for markets to adjust and realized just how constrained policymakers are and how they will not get the economy they want at the same time. alix: that brings us to the question of the day -- is the fed wrong? joining us is kim forrest. the market is pricing in another cut in november of next year. is the fed wrong? kim: yes. this weekend, we found out why. even though i have an equity analyst, i look at a whole bunch of stuff. i have been watching the dollar go higher and wondering when it is going to break. it does not seem to be helping us tremendously as a consumer. over the last week or so we saw the u.k. panic over there pension fund end credit suisse has things going terribly wrong. we content about the individual company, but what is really -- 10 talk about the individua

bank of canada raised 50 instead of 75. the numbers don't really matter. what matters is the move and the direction because we're seeing it in every market central banks, especiallyones that have already been on the move aggressively, are now potentially slowing and markets are responding now we had a 5-year auction today. many of the auctions you know, sully, on the weak side. today it was on the strong side. what's notable, not only was it strong, it was on the strong auction on the day yields were down, prices were already up as a matter of fact, we're on pace for the fourth session in a row where we're trading below the previous session's lows. that is a very big momentum building issue to pay attention to now quickly, three months to tens, i didn't know anybody was paying attention, sully. 24-hour chart toying with inversion. year to date chart, says it all. and finally the last time it inverted well, it was covid basically march of 2020. and the dollar is another compelling reason, along with many in the fx markets, many different charts that are showing the dollar rolling over. on pace for the lowest close since september 14th first time to close under the

central bank. the european commission distributes every rebellion of national governments, in addition, the entiremost deluded optimists are doomed declare. well, that’s all, but we’ve got through, we’ve got to get out to save ourselves and stomp the rest - this is definitely not about a single european spoon, italy will repeat the common fate, happy or not, but still a remarkably universal term was invented by german newspapers post-fascist europe she after all survived fascism, though using post-fascist methods is preparing to find a short cut for the italian post-fascists, alaq romanov on the main air. we will soon see whether the new italian authorities will be able to pull the country out of the energy chaos arranged by the eu during in any case, an attempt to serve the good of the state looks convincing so far. it is quite another matter when somewhere abroad there is a group of comrades who trade in economic sabotage. but it draws people into its networks under the slogans of the struggle for democracy, destructive online projects are unsafe, law enforcement officers warned more than once e

global problem that its created because as the fed raises rates, to combat inflation here every other central bank so this is this race to the top in terms of how high can we raise rates, to stem inflation and everyone is chasing the dollar higher. something is going to break. the debt that is denominated in dollars has cost a lot more to get paid off. there are zombie companies and u.s. markets and elsewhere that are going to go under. there's a lot of things that could break in the mortgage market we saw what happened in the uk. that was about saving pension funds. that's frightening. charles: yeah, i know it is. we've got to leave it there erin s shah, thank you both appreciate how candid you are in these tough markets and my takeaway is coming up as well congress you may have heard shelving plans to prohibit stock trading you probably weren't surprised but i'll tell you why it might be actually a bullish signal. be right back. (lighthearted music) - "best thing i've ever done." that's what freddie told me. - a person like me needed to get a reverse mortgage to change my life. it was the best t

ukraine and the surprise increase in inflation and interest rates by the central banks that the policymakers need to make sure. ready every thing is adapted and can what to be stable so that people don't get fear that kind of flat or a lot of the vulnerabilities have moved outside the banking factor. and we may see something in the insurance sector like we did in the united kingdom with we actually may see something going on right in the corporation sector. it could be that the amount of leverage loans which are high yield loans, that risky loan, that a number of companies have that actually might get more likely to be where the problems are going to be the time the bank. we fixed the banking problem because that was the banking. that was the problem last time. but the problem had moved over to other parts of the system. i got you all just there was lisa whole robin in doha, reminder of our top news stories. ukraine says it won't be intimidated by wave of russian missile strikes. at least 14 people are being killed and attacks around the country. rushes, president says is in response to the attack on the crimea bridge. th

yes, every country, because, for example, according to the central bank of kyrgyzstan, we are talkingnly about commercial banks that independently decide whether to work with the world payment system or not. if we take, for example, uzbekistan, then in uzbekistan, and systems of the world is integrated into the already uzbek national payment system at the skard and, accordingly, the cards that are issued do not work. e abroad. yes or e are not clubs badgings, respectively, like badging cards of tiramir. they reportedly work on the territory of uzbekistan, if we take the story with kazakhstan, then also according to the economics of the given economic authorities in kazakh, banks independently determine the format of work with payment systems, and the format of cooperation with payment systems. and including from the systems of the world. uh, although as we know, yes, a number of banks. the service has already been suspended. somewhere there is an opportunity, only, uh, to withdraw cash, but there is no opportunity to conduct transactions somewhere on the contrary, that is, but here, u

bank of england... i know not every central bank is like this, we realised that financial stability purposes, we had toilds. . ._ for index link guilds... we are 'ust listenin: for index link guilds... we are 'ust listening and fi for index link guilds... we are 'ust listening and there i for index link guilds... we are 'ust listening and there to i for index link guilds... we are 'ust listening and there to the i for index link guilds... we are just| listening and there to the governor of the bank of england, explaining in slightly technical terms there, the rationale about why the bank, the rationale about why the bank, the central bank decided to step in, let it try to do, and an interesting bit of colour there about sleepless nights working hard to make the right intervention. forfilling nights working hard to make the right intervention. for filling with the bank of england is meant to be doing, so we will keep an eye and an ear on that, but we'll see if we get any more nuggets out of thatjust happening live there in washington. stay with us on outside source. still to come: what's hiding behind th

central banks. basically, the policymakers need to make sure that every thing is adapted and can thought to be stable so that people don't get fear that the system is going to clamp. we saw the clamps that almost occurred after lehman brothers failed in 2008. we're in a situation that inflation is high, but growth is. ready low in job growth, john, that's unusual to some extent. what do you think would be the solution for that? well, base to get rid of inflation, we definitely need to, you know, take a little less stimulus, both and monetary policy raising interest rates and hopefully physical policy through either raving tax, the better covering, cutting spending. but essentially we need to go in measured form. so the contract that people write in financial markets don't collapse. we saw a little bit of a collapse of part of the liability driven part of the u. k. insurance market. just a couple weeks ago. and the bank of england stepped in to try to move that over. what was it thinking that you need to think about financial stability is just one of the many things that the policies can can influence

you guys, new fiscal policy comes as central banks around the world are sharply increasing interest rates to curb inflation from washington to jakarta. and nearly every major bank is making borrowing more expensive to try to cool down prices the most widespread tightening. the monetary policy on record is raising fears about possible harm to the global economy. the u. s. federal reserve has been by far the most significant player in this shifting global economic policy making. it's raised its interest rate by 3 quarters of a point for the 3rd time last week, and signaling the more large rate hikes are to come. the european central banks expected to continue increasing rates in october b. c. b is now seen taking its own interest rate to almost 3 percent next year from 0.75 percent. now, the 1st national bank carried out the biggest height ever to key lending rate, ending several years of negative interest rates in switzerland, indonesia, taiwan, the philippines and the south africa are also among the countries where rates have been lifted. but unlike the rest of the world, china has cut interest rates twice this year. inflation in the country is far l

central banks. that the, the policymakers need to make sure that every thing is adapted and can, but to be stable so that people don't get fear that. but there's some kind of plan for a lot of the vulnerabilities have moved outside the banking factor. and we may see something in the insurance sector like we did in the united kingdom, which we actually may see something going on right in the corporation sector. it could be that the amount of leverage loans which are high yield loans, that risky loan, that a number of companies have not that actually much get more likely to be where the problems are.

bank of america friday -- no pivot. lisa: this is the message from every single central bank and wall street bank out there, saying thist give the fed any ability to move away from the rate hiking plan. at what point does a go back to the conversation of how are they going to go much further then perhaps they need to in order to rein in an economy that will not show the cop -- consequences for a number of months if not longer. jonathan: does the market data overstate the economy? the labor market numbers are robust. lisa: that's why i wonder if warnings will be the main event. we see this in a number of different sectors. we see forward revisions and there have been revisions dam word on wall street but have they been enough? if they come in more rapidly, how does that feed into the narrative especially when there is an ill it -- this inability to pass along the cost you had seen in previous months and quarters. jonathan: it still goes back to the dollar story. lisa: 30% of goldman sachs earnings derived from international sales. rbc put out forecast as to how much profits will decline. jonathan: futures are down by a

tom: the data dependency, the theory that at every central bank has to keep their options open.people guessing. jonathan: bond vigilantes are back. tom: perspective on that now from edward yardeni, president of yardeni research. decades of study of wall street. we have never seen this. you call it a bearish opera, and on we go with the media. how do you figure out what is going on if everyone is speaking italian? edward: the idea of the opera came to me on friday when fed chair lael brainard gave a speech where she indicated that the fed is sort of in between a rock and a hard place. i think it is actually between voelker 2.0 and bernanke 2.0. it is kind of a bearish opera. the opera is not over until the fed lady sings a more optimistic tune. she was concerned about fed stability -- financial stability. you said on a show that financial stability is one of the mandates. the question is how important is it? i think it is number one. tom: great. the fact of the matter is, when something changes, any central bank changes. how close are we to the facts changing where we observe it

financial instability issues, whatever measures we take, we will use every lever for financial stability. the european central bank raised rates by half a percentage point and signaled more hikes to come. the rise comes as prices registered one of their biggest quarterly drops on record. in wellington, house prices slumped 8.5%. ray dalio has given up control of bridgewater associates, the firm he built into the world's largest hedge fund. the billionaire cofounder transferred all his rights to the board of directors and stepped down as one of bridgewater's co-cios. the move marks the end of a succession which started back in 2010. global news, 24 hours a day, on air and at bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. dani: thanks so much. coming up, the battle for customer loyalty and the cost of living crisis. we are going to look ahead to earnings from tesco next. this is bloomberg. ♪ dani:dani: let's take a look at the key things we are going to be watching out for. we are going to have u.s. mba mortgage application, then more jobs data.

central bank. distributes the european commission every rebellion of national governments.riencing a crisis, and even the most zabublenny optimists do not yet declare. well, the whole bottom has been passed, we are climbing out to save ourselves and stomp the rest - this is definitely not about a single european spoon, italy will repeat the common fate, happy or not, but still, the germans came up with a wonderful universal term newspapers of post-fascist europe, and after all, she survived fascism. true, using post-fascist methods , oleg romanov is preparing to find a short cut on the italian post-fascists on the main air. we will soon see whether the new authorities of italy will be able to pull the country out of the energy chaos arranged by the eu, in any case, an attempt to serve for the benefit of the state looks more convincing for the time being. it’s a completely different matter when somewhere abroad there is a group of comrades who trade in economic sabotage. but it draws people into its networks under the slogans of the struggle for democracy destructive online

yes, every country, because, for example, according to according to the central bank of kyrgyzstan, wetalking only about commercial banks that independently decide whether to work with the world payment system or not. cards that are issued do not work. e abroad. yes or e are not clubs, respectively, as if these were tiramir cards. they are reportedly working on the territory of uzbekistan if we take the story with kazakhstan then i also agree, so to speak, economic, but given by the economic authorities in the kaza. banks independently determine the format of work with payment systems, and the format of cooperation with payment systems. and including with the world system. e. although, as we know, yes, a number of banks. the service has already been suspended. somewhere there is an opportunity, only, uh, to withdraw cash, but there is no possibility to conduct operations somewhere the other way around, that is, and here each situation must, of course , be considered separately, in your opinion, after all, what is the main reason. why countries renounce the world the suspension of the s

yes, there is going to be the people, but every country that got its independence in the first few years had its upheaval, because they had to set up a central bankup all the institutions. brexit isn't done yet. we're still feeling the pain for that. l and i think financially this is a terrible time| to go for indyref2. we've got inflation running at 10—11%.| imagine the hadrian's wall border crossing. | laughter but do you not think that we possibly have resources? i mean, we have a lot of wind in scotland. can we use this? can we generate more power? can we sell this power? we've heard the saudi arabia of renewables, the state—owned energy company. these are all things the scottish government could have done and snp said they wanted to do, and they just haven't done. so how do we know that's not going to happen after independence as well? there are so many little things, i and all they are asking you is, i "do you want to be independent or do you not?" _ it's a yes or no question. how difficult... that's a difficult thing to answer. if they get a chance — because they, we, are waiting for the supreme court to rule on the legality of another ref

the idea they had gone 25 instead of 50, setting the stage for every other central bank going less thanel schulz, two days outbid. now it is wednesday. jonathon: i am with you on that. dropping more than $1 million. you can get job openings down without sending unemployment, that could happen. lisa: just putting out, this is hardly conclusive evidence that unemployment is waiting rapidly enough for the fed to achieve a soft-ish lending. the issue is the fact that the market was poised so dramatically for some sort of reversal, and it highlights people are still playing by the same playbook at a time when inflation has not changed. tom: how important is this report in 12 minutes? jonathon: adp drives me nuts because we say they are useless, then for some reason, someone trades on it and it picks up again. i don't think you can make a big call on the labor market yet. certainly, we have seen jobless claims come in under two hundred thousand. if you are dreaming about a soft landing, that speaks to that, but you want a more complete picture. i would be looking to see if job openings have c

central banks. that the policymakers need to make sure that every thing is adapted and can ought to be stable so that people don't get fear that. but there's some kind of plan or a lot of the vulnerabilities have moved outside the banking sector. and we may see something in the insurance sector like we did in the united kingdom, which we actually may see something going on right in the corporation sector. and could be that the amount of leverage loans which are high yield loans, that risky loan, that a number of companies have that actually get more likely to be where the problems are going to be the time the bank. we fix the banking problem because that was the banking, that was the problem last time. but the problem have moved over to other parts of the system. still ahead on al jazeera, find out why the red pool formula wanting of land that themselves in trouble with the sports like body. ah ah. ah ah whole lou ah ah, welcome back. now, here's peter with all the day sports. nice. julie, thank you. the president of barcelona football klemmer's reignite had called for a european super league, claimi

k is new fiscal policy comes as central banks around the world, a shop the increasing interest rates to curb inflation from washington to jakarta. and nearly every major bank is making borrowing more expensive to try to cool down prices. the most widespread tightening monetary policy on record is raising fears about possible harm to the global economy. the u. s. federal reserve has been by far the most significant player in this shifting global economic policy making. it's raised its interest rate by 3 quarters of a point for the 3rd time last week, and signaling the more large rate hikes are to come. the european central banks expected to continue increasing rates in october fe cbw is now seen taking its own interest rate to almost 3 percent next year from 0.75 percent. now, the swiss national bank carried out the biggest height ever to its key lending rate . ending several years of negative interest rates in switzerland, indonesia, taiwan, the philippines and the south africa are also among the countries where rates have been lifted. but unlike the rest of the world, china has cut interest rates twice this year. inflation in the country is far

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perhaps a central bank and slowdown as well what they say, as you know will be challenged, and will contradicted as every level. though he staying away from politics, that's a different side of the family, different part of the government, but opec plus coming in a 2 million barrel cut, which will be more around 900,000, because quotas aren't being met but 900,000 isn't nothing, either, and oil rose once again. brian sullivan reporting from vienna thank you. >>> the sector has been moving higher most of the year, so does today's new make energy names more attractive? and let's bring in sam morgolin, sam, welcome i see you over there. >> what does this production cut mean over the price of oat, or maybe the next three to six weeks, number one, and what do you see as you look into your crystal ball for oil stocks over the next three to six months >> like brian said, i think it's a responsibility to a demand outlook. i think it's a sure thing that demand will be down globally for the remainder of the year. some has to do with pent-up demand from last year, but there's challenging economic conditions everywh

kathleen: the australia central-bank, expected to raise rates by a quarter percentage point as a housing downturn extends in every major city across the country. a quick check on wall street now, talking to you about an october rally that ended on the downside. the first of the week, the last day of the month, a decline. we had dennis stuck down 1.5%. big tech, the s&p, down three quarters of a percent today. the question now is where we go next. you can see a little bit of a bounce here. not much of a move. of course the big banks are saying the pivot may be just around the corner, as the economy starts weakening. when you look at bonds, i don't see any pivot being priced into the bond market. certainly not the u.s. treasury market. the 10 year yield, back to .05%, the 10-year note back up to 4.5%. 75 basis point rate hike this week, already priced in. the question is december. a solid job report on friday. another thing that has the bond market a bit nervous in here. as for oil, an interesting day. oil was up 9% after those big production cuts earlier in the month. now on the day, the weak china pmi's are makin

. >> yes, challenges for central banks and governments are a bid theme this week. as every other week. the fed, the bank of england, the rba are all meeting this week. the fed and boe could on these -- at least 75 basis point rate hikes. our chief correspondent from asia garfield reynolds joins us now. we are in the final leg of the year and it feels like the markets are looking for a stronger indication to what the next year holds. >> i think you are looking at the way it is sitting up. you will be shocked when i say this, there is potential for another burst of volatility. last week the fed was quiet. we had the bank of canada only hiking by 50 basis points and some words out of the ecb that sounded less fully hawkish. we had the rbnz talking about why there are strong expectations that the rba this week will only go by point 25 points. we are then set up for the fed and in the boe to almost certainly both go 75 basis points. what will the rhetoric be? will they say to end -- and the investors hoping for a slowdown in policy aggression, no, it is too early for that? if th

every time. he can certainly say, as other central banks have done, is the most hawkish rate hiking is in the past, and we are watching data in the future and it may not require such a very large hike to go forward. people would then start pricing in smaller numbers 40's amber -- numbers for december. once the market does that, if the market is pricing for 25 to 50 basis points than he can send out fed speakers to endorse something along those lines so there is no shock by the next fed meeting. rishaad: mark, what is the readthrough for the dollar, then? mark: certainly in combination with what we have seen in dollar-yen, we could be coming towards a peak in the dollar. it is very significant that the japanese intervention was so aggressive when dollar-yen was above 150. and if that is drawing a line in the sand 11 of the major currencies, plus we have had the euro recovering as well, so it looks like the dollar is in the peaking process. it may take a little while considering rate differentials are so wide between the u.s., japan and europe. but certainly if the fed is moving towards its own peak

central banks get to this portion of their tightening venture? >> i would agree that maybe we are at the last ratchet up. we reach everyales that lead up to christmas. whether we have the inflation story completely under control, we can see what he has done in the past. if we are hearing december and we still haven't got the animal under control, maybe we have to see further rate rises or more significant in the year. there is a great degree of uncertainty. i think we will just see were all that teary lives. >> i like your tie, i like your ghetto. you can get a round up of all the stories you need to get your day up and running here. you can customize it to where you only get the news and information on the industries that you care about. check it out. we will be back in a couple of minutes. this is bloomberg. ♪ >> good monday morning. there we go. the early mover today. in the commodity space. we are watching energy shares very closely. >> less than 100 days as we go through here. the bank is at a critical moment . they have a strong capital base here. it promises regular updates. tesla missed estimates in the third q

every penny, the fake employee of the central bank, who called himself pavel lukyanov, asked to record a video message of thanks with his own mikhail did even that good afternoon. my name is chistyakov mikhail yuryevich , such a moment in my life has come that i got into the scammers' likes. and the central bank, in particular its employee, helped me save my money . according to law enforcers swindlers from ukraine are trying to keep up with the times, coming up with new pretexts for extortion, however, russian experts are the death of security and sit still. for example, the bank of russia has already initiated several projects to improve the effectiveness of the fight against fraudsters. first of all, the initiatives relate to changing the law on the national payment system, in particular , information exchange with the ministry of internal affairs, now the police spend too much time on finding out the details of the cleansing, although it has long been known that in this matter, it is efficiency that is extremely important because the chances of returning predatory funds . straight

every fed official we have heard from has said we will continue to hike. later, we will have central-bankpeakers. coming up on the program, we will be discussing the energy crisis with the deutsche bank chief economist. they believe the rules will come in handily -- in handy. plus, lvmh sales soared. we will dive deeper into the luxury sector. this is bloomberg. ♪ dani: germany and the netherlands will put forward a multipronged approach to bring energy costs down. the plan includes focusing on joint purchases of gas to prevent countries from joining together. we have deutsche bank chief economist stefan schneider. can you break this down? >> if they are trying to prevent them from getting together, we are looking for ways to have them avoid what other countries are looking to do which is a price cap. they are skeptical that it will supply to the region and want there to be joint purchases with all the countries. the hard part is to get everyone to agree on these purchases. how can you get folks to agree to not outbid each other. they are looking at making binding agreements towards reduc

civilization at the bank, i need to make it clear that the central committee was electrified over 2000 delegates. that's funny nash, national 2050 the national congress on saturday. and every step was in accordance with the procedure. the pull it bureau standing committee actually plays a crucial role and in decision making, a chinese politics. so together these leadership members will help you move forward. it's as i said, to beaut 8 at china. it's a modern socialist contract. ah, the u. s. has suggested at the u. n. to deploy an international security force to haiti, now the government, their struggles to deal with chaos in the country. ah, well, the reaction to that request could be seen on the country streets. thousands in porter prance showed their opposition demanding that the prime minister resign violent scenes on looting, took place as it has been happening there for some days. the haitian government has requested foreign troops to be deployed immediately, but much of the general public appears to be against the deployment on any more interventions in the nation. us, we don't need an activation of our country. we can find solutions in our own. why don't they stren

bank. i need to make it clear that the central committee was electrified over 2000 delegates. that's funny nash, national 2050 the national congress on saturday. and every step was in accordance with the procedure. the pull it bureau semi committee actually plays a crucial role. and in decision making, chinese politics. so together these leadership members will help you move forward its goal, as i said, to build a china into a modern socialist country. i left them on the south from august in the studio. mr . nelson was joining us often in here in moscow studio, of course, a vice chairman of the shanghai center for international studies. also, you're an expert with the vow di, discussion club, which is meeting this week here in the russian capital. i believe tonight you have the gala dinner and then i goes on all week here. so we spoke before through satellite links, but it's great to have with us here in the studio. here is a real pleasure to see you in person. i wanted to ask you about this historic, i guess, reelection now if is using paying, there's no set time limit. so for china, as general secretary, but in recent decades, nelson, the norm has bee

that they tried to say every time in such closed discussions that the senate of the united states today proposes to transfer to ukraine the confounded frozen assets of the central bankf the russian federation. that means that before such steps , in addition to the congress, which voted 12.5 billion today, and the senate of the states, you also talked about bipartisan support, it is working out and giving results today to ukraine and confidence to victory, what is important is that they look at how we are doing something. what are we doing inside our country, how are we supporting these communities that are under fire? what are you doing right? include and show this is how other regions of ukraine live today, which is very important, we in our organization are trying to help today in separate projects specifically for each of them . there are more than 70 countries, who, not the whole city, but not the whole city, submit one school, at least some one, some enterprise, infrastructure that can help and cooperate, which are bilaterally beneficial agreements can be signed and in fact they are watching how we do it internally and you know this fact when the mayor of warsa

central banks have the capacity to do that. institutions, central banks, sovereigns. you offer solutions in this book, too. what are they? nouriel: for everyats, there is a solution. a dystopian future where all of these threats materialize and feed on each other, and it is not just the end of the world economy, and there is a less dystopian future in chapter 12 where we have the policies nationally and internationally with a better outcome. the problem is that both domestic political strengths and geopolitical strengths achieve the best solution. i will give you an example of climate change. domestically, half of the country doesn't get into it. there is a conflict between generation. the young people care about the future, the elderly care less. an international level, if you cut to zero, no we else does it. now because of geopolitics, should cut their admission to zero in 20 years, but we created this problem in the last 200 years. 90% of emissions came from advanced economies. the flow of new emissions coming mostly from china and india. there are quite for elements of conflict, two international. there's lots of greenwashing, a lot of

central bank can do is to cut them out, but that is not the answer. so we are going to be in a very tough time. so we just have to, i'm every right to get one about that so, so the global economy just has to ride it out. that's one reason does india, it globally gallery, which is going to smooth l. yeah. okay, ali can the i me, i am, if chief seat of all regions, africa is in the most precarious position. you know, with a, with a massive food crisis there. what specifically can the, i am, if did it alleviate the problems in africa? well i think come, you know, the african situation has been coming at us for quite a while. africa over borrowed during the good times. you know, when we were in that moment, which lasted more than a decade of disneyland economics, when money was cheap, and now we got a situation where the cost of servicing this debt has risen inexorably high. for example, nigeria, a 102 percent of its revenues now are destined for debt service, clearly and unsustainable position. saving africa is going to rely very heavily on the likes of the i m f and the world bank. but it's going to take a lot of a money to r

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every inch. >> the biden administration announcing new sanctions against russia, including targeting the head of russia's central bankter the annexation announcement the russian ministry of defense says russian troops have withdrawn from lyman. cnn's nick paton walsh is there. nick, what is behind this withdrawal? what does it mean? >> reporter: it is a startling acceptance from moscow that on the day after they had claimed where i'm standing and the strategic command, so much of eastern ukraine, that they have now effectively found themselves surrounded and admitted they had to withdraw their troops. we don't know how successful that move has been because there are suggestions that hundreds, if not thousands were left behind and encircled by ukrainian forces. when we listen to the kremlin, they talk about annexing territory, how they are legalizing their presence in occupied areas through sham referenda, the protests, the rallies in moscow and then on the ground here remarkable changes in russian fortune. what has been startling, since the news of the russian withdrawal, the admission they tried to withdraw, there i