joerg kraemer, chief economist, commerzbank stays with us. coming up, investors -- dallas fed president, robert kaplan, would love to see tapering start sooner rather than later. more on that, next. this is bloomberg. ♪ tom: good morning, this is "bloomberg daybreak: europe." the fed says u.s. growth slowed slightly to a moderate pace in early july through august, with the delta variant being the main culprit. dallas fed president, robert kaplan, says he would love to see the taper process start sooner rather than later. >> it is not our expectation you will see a prolonged slump. you will see a slowing in the third quarter. you will see improvement in the fourth quarter. i would love to see it sooner rather than later take our foot off the accelerator, because i think the longer we make these purchases for longer than necessary, i think it may actually make it so we have less flexibility down the road. tom: joerg kraemer, chief economist, commerzbank is still with us. we were hearing from kaplan, and his views the taper should start sooner r

commerzbank, cerberus apparently raising its stake in that business, commerce back 1.90%.y is what is happening in the mining story and what is happening with metals, particularly iron ore and the ripple effect, this energy crisis europe is facing and how this will affect different segments. i feel like the financial crisis you have to figure out where the ripple effect is going next. apparently it is co2. the meat industry worried it will not have enough co2. alix: it is spreading to other countries that do not have a shortage of gas like here in the u.s.. more on that, the ieepa -- the iea director says those prices could persist. >> i think we could see high prices high for the next week's. the most important factor would be how the winter conditions will be, with the harsh winter, a push up of gas prices in europe and asia. alix: let's get more insight with jean-paul harreman. analyzes a ton of data in the energy market and brings data to energy players. jean-paul is the perfect person to ask this question. how haida gas prices day and for how long? jean-paul: -- how h

activist invest or cerberus with a 15% stake in commerzbank it already has a 5% stake. buy out the german stake, it raises it to 20% so far, no comment from both parties. you see the positive reaction today. dom. >> joumanna bercetche live in low london thank you. >>> now for the top headlines. we have kristina partsinevelos with those good morning >> good morning, dom a former boeing pilot is expected to face criminal charges for misleading regulators about safety issues blamed for two fatal 737 max crashes. mark forkner was the technical pilot when the plane was being developed. >>> now to the fight against covid. a committee of outside advisers to the fda will meet to discuss a booster dose of the covid-19 vaccine. a vote is expected late this afternoon. as meg tirrell has been reporting, there has been a fierce debate even within the agency if boosters are needed at all. >>> in asia, the shares of the evergrande group tumbling again with the giant on the brink of collapse the company with $300 billion in debt evergrande is so big that the failure to ripple the econo

commerzbank says there is no sign a reversal in the trend is coming, even as technicals are looking over about four aluminum. could be in the making for prices, inflation. sherry: the rally in community continues. let's get to vonnie quinn with the first word headlines. we have this new forecast by opec. vonnie: yes, predicting stronger demand for crude this year and next, a combination of rising fuel consumption and output disruptions. the group's report says the world will continue to face and oil deficit in the coming months even as members revive production. global oil consumption is expected to reach 100 million barrels a day in 2022, which will exceed pre-pandemic levels. a global scientific panel says vaccines for covid-19 work so well that most people don't yet need a booster. it report published in the lancet says governments should focus on immunizing the vaccinated and wait for more data on which boosters will be most effective and doses. the assessment is based on a wide range of real-world observational studies and clinical trials. china has urged the u.s. to repair damaged