probably in every e.u.r stayed at the end of the day but definitely in a public -- problematic way. single out the new member state that entered in 2004. the reasons for that -- that's perhaps another debate. i don't think we should glorify how the situation was right after the fall of communism. in some cases, like in romania, the transition was not all that -- you can see the secret service continuing to play a role. for example, similar problems in bulgaria. the situation was much better in poland and hungary. a second question is what can the e.u., what can other member states do about all that? i think it's hard to easily end up in debates with double standards. people will say why are you going after poland and not after catalonia, for example? i think they should not send massive sums of money to oligarchs. adrian: we are almost out of time. i want to ask one quick question. you have a -- how dangerous is this for poland's government? is there a danger that people might get so fed up with them? >> it

the e.u. is key. where it gets difficult to have a working relationship in the winter with russia. so far, we have seen that vladimir putin has given key indications he is willing to work with the e.u., willing to make this markets table. winter is long and it looks like it will be a cold one this year. manus: indeed. we saw mr. putin repriced the gas market last week with the promise of more gas. maria, thank, maria tadeo in ruin. let's broaden the conversation out and get a wider perspective across europe. joining us now is the deputy director. thank you for being with us. i think maria tadeo set out the plans very clearly. ukraine needs assurances from europe that they will not be destabilized or put in a worse position as a result of north stream. what can and will europe do to assure ukraine that that will not be the case? good morning >> good morning. yes, well, i think that the e.u. will be seeking to sustain the reforms that have been agreed between the e.u. and the country as well as the imf.

what can the e.u.nstitutions do to challenge this court decision and also the polish at the moment? >> i find it very sad that we have to go further. poland is such an important country. we owe these people so much, and we really want poland to stay in the european union. but dialogue is not leading anywhere, obviously. so we need to use the mechanisms that are in place, first and foremost because it is on the table now, the recovery fund. i am sure there cannot be -- there cannot be any payments made because they are linked to the judiciary. then we have to talk about the rule of law and mechanism and infringement procedures. because they will go on. brent: the united states has replied its envoy to afghanistan after he quit this job. he helped negotiate the 2020 agreement with the taliban, setting the terms for the withdrawal of u.s. troops, but he was not a part of the biden administration's formal talks with the taliban earlier this month. meanwhile, the u.s. state department says it is reviewing t

if that started, the e.u. might start a trade war with the u.k., so we are back in the realm of serious tensions approaching a one point -- boiling point. it is brexit all over again. guy: given supply constraints, we are facing a trade war. we look forward to the speech tomorrow in lisbon. as brexit tensions rise, we have the possibility of another similar event taking place, the exit of poland from the e.u. we did see the court ruling last week that suggested polish law had supremacy over e.u. law. this puts both sides in a difficult position. poland does not want to leave the e.u. tensions were already high. maria tadeo has more. maria: there is a conversation over whether we could see: leave the european union. you have the controversial court ruling from the polish constitutional court. we are seeing member states of the e.u. no that betting on a euro exit does not bode well for the economy. they are moving to say we want to stay in the european union but we want to change the rules. we want to move power

>> the e.u. pledges a billion dollars in emergency aid for afghanistan while still refusing to recognize the taliban government. ♪ i am lauren taylor. this is al jazeera live from london. also coming up, the un's top court rules in somalia's favor in its long-running dispute with kenya over there maritime border. a state of emergency over the indigenous mapu seizing control of theirche dozens of bolivia rally in support of their president. i day after antigovernment protests. ♪ hello. the european union has pledged $1 billion to afghanistan as leaders of the g20 countries met to discuss the crisis there. leaders from the u.k. and the e.u. also met representatives from the taliban in qatar. the money will be given to aid groups, not the taliban government, to prevent a humanitarian and socioeconomic collapse. many households in afghanistan currently don't have enough food to eat, according to the world food programme. and at least 2 million children are malnourished because of food shortages. mean

at the e.u.ummit in slovenia, president macron says he will meet president biden in rome at the g 20 summit in october to reengage and to try to move on after this rift over the aukus pact. >> we will see. i believe in facts. i believe it is more positive for both of us. i will see. we will discuss in mid-october. we will catch up during the g20. i think it is the right occasion to see how we can reengage very concretely. my point -- honestly, it is not an issue about words, it is an issue about facts, and what to do together. mark: we have antony blinken in french and now macron speaking in english, multilateralism at its best. kate moody joins us. energy prices have been soaring across europe. gas prices hit another record high today. this doesn't sound good for consumers. kate: it isn't, market, it underscores just how much pressure that energy market is under in europe. . at the start of this year, a megawatt hour of natural gas on the futures market was worth around 17 euros. today it is at

coming up, we talk about the e.u.ders summit in slovenia on rising tensions with china and the energy crisis. it's moving day. and while her friends are doing the heavy lifting, jess is busy moving her xfinity internet and tv services. it only takes about a minute. wait, a minute? but what have you been doing for the last two hours? ...delegating? oh, good one. move your xfinity services without breaking a sweat. xfinity makes moving easy. go online to transfer your services in about a minute. get started today. dani: good morning from bloomberg's european headquarters. it is 6:30 a.m. in the city of london. i am dani burger and this is "bloomberg daybreak: europe." here's what you need to know. inflation fears grip markets. 10-year and 30 year yields hit the highest since june. brookfield says it is time to sell. the energy crisis continues. france and spain call for e.u. action on surging gas prices. we are at the summit in slovenia. remaking britain. boris johnson will use his speech to shift the blame for supply c

the e.u.ia olivers. brussels has already imposed sanctions on top belarus officials. the european commission president made brussels position clear today on this border standoff. >> what we are observing at or border with fellow roots, we consider this as a hybrid attack by belarus. no one's life should be put at risk for political reasons. and therefore, i am confident that the council will give a very strong and united answer to this behavior in belarus that must stop. brent: earlier, i spoke with our brussels bureau chief. she is also covering the e.u. summit for us. we asked her whether or more economic sanctions will put more pressure on belarus. >> it is not as easy as imposing economic sanctions because as we saw in the past, lukashenko does not seem to be impressed by anything the european union has done so far. the e.u. officials are worried he is using migrants as a weapon against the european union to punish, to take revenge on the e.u. by imposing sanctions in the past. they are wo

e.u.eaders said the money is needed for the country to oid a catastrophe. >> this humanitarian situation in afghanistan is very serious. and with the onset of winter, it is only getting worse. monte: our correspondent has more on the meeting from room. reporter: we do know is that the european commission president made it very clear that this package is a package for the afghan people and the neighboring countries that are having to deal with afghans coming into their country and learning to deal to help the afghans themselves. money is not meant for the taliban government. so they want to make that very clear. for countries like italy and it perhaps the g20 countries, is the issue of migrants and refugees, because if they don't deal with the humanitarian and financial and economic crisis happening in afghanistan right now, you will see a flow of migrants and refugees coming into countries like italy, turkey, other neighboring countries. if you don't deal with the issue right on the ground

instead we have nato and e.u.ansion to unify the whole continent, but that effectively makes them into revisionist powers. now the subsequent conflicts are therefore so very predictable. all those divided societies between nato and russia, -- georgia ukraine, belarus, , moldova, all of them must choose between east or west. however, these societies are very divided, they are ripped apart and they become proxy conflicts between the nato states and russia. at least in the cold war, nato was a status quo power. but from '99, it became expansionist and revisionist by giving itself a mandate to use military force and topple governments. it is deemed most, the greatest threat right now to russian security. that is the assumption which the russians are working on. which is also why this partnership with china is so important. they can shield themselves from the sanctions. they don't really need nato anymore. in this biggest project they have now is effectively giving up on integrating with europe and instead, just going

this is the first time the 27 e.u.rs come together since the diplomatic row erupted between paris and washington over the deal that was signed by the u.s., u.k. and australia seemingly without any consultation from european allies. certainly not with the french. the french upset by that. earlier today, the french president had a meeting with the u.s. secretary of state in paris. the two saying they will work together to cooperate in the future on certain areas. the u.s. trying to rebuild trust with the french president. >> the u.k. has sent its first delegation to meet with the television in kabul since the takeover of afghanistan. the uk's special representative for afghanistan had telex -- held talks with the deputy prime minister. a u.k. government spokesman says the envoy discussed how britain can help afghanistan address the humanitarian crisis and raise the treatment of minorities and women. stephanie has more from kabul on what this meeting means. >> it is certainly in line with what we have been hearing from th

the e.u. gets a bid for its debut green bonds.n raising money that much on their own name in european debt markets if it has arrived with great force it would seem. here we have them coming through with this debut green bond. we will hear a lot more about green bonds. in less than 20 minutes in france, president macron is set to unveil his investment plan. he is expected to set out how 30 billion euros is to be spent over the next decade. caroline joins us from paris to tell us more about this. good morning. what can we expect in this new french stimulus plan? >> clearly what macron is trying to do is show he is thinking long-term investments, strategic investments in france in order to make france more independent from technology from china and the u.s. also thinking about beyond the pandemic, emergency responses, beyond the 100 billion euro recovery plan he had presented last year. this time we expect around 30 billion euros to be spent on pat batteries, hydrogen, small technique reactors which could be a pistons in times of ene

the e.u. has lower birth rates. one of the arguments for things like paid leave is that we need to increase our birth rate. ours is doing okay compared to the e.u. and also women at work. the unemployment rate for women is lower than it is for men. i don't understand the argument here. again, what also is strange to me is joe biden is a big labor guy. unions are spending a fortune to promote this reconciliation bill. unions are the ones that should be bringing things like paid leave to companies and saying, you know, we want this and going back to workers and say look what we did for you. i don't understand why they want to government taking responsibility and credit for those kinds of benefits. that seems really antithetical to their desire to build membership ranks. >> martha: great point. we're waiting for the president to leave the white house and make his way to capitol hill. a lot of pressure on him over the past few days. he's in route, i'm told. a lot of pressure on him to get more involved. steve, a broader

and e.u. china wants to be carbon neutral by 2060. for context, the u.s. and e.u.ing for 2050. president she highlights correctly that western countries have been emitting high levels of carbon for far longer than china. industrialized economies were created on the back of fossil fuels. china says if the west once developing countries not to follow their example, they should provide more financial support. here is president xi. president xi: other countries need to make concrete efforts to help developg countries accelerate the transition. ross: the issue is that however the west benefited in the past, now china's current plan will not be enough to avoid a dangerous degree of warming. they argue china would need to follow the yellow line you can see here. someone from the energy transitions commission puts it like this. >> a simple mathematical fact that if ina does not peak commissions until 2030, i do not think we have anything like a 50/50 chance of limiting global warming to 1.5 degrees centigrade. ross: more than half of china's energy comes from coal. china h

/e.u. collaboration. so after we hear from sebastian about voluntary versus mandatory, we'll turn to those aspects. so, sebastian, if you want to close us out on how to incentivize the private sector. >> first of all, the private sector advise themselves. the cybersecurity, it's connected to the business. it's the easy. this is easy. it's really connected to the business. the private sector will invest the money to be cyber-secure. if not, we have to create -- requirement, but after that they have too be some penalties. and the penalties similar to the gbpr idea. so it has to be very high penalties for not be comply with those requirements. but of course on the other, on the other side the idea of compliance with the requirement, it's not the same as the security and our cybersecurity of the company. so after the requirement and i.t. compliant, they have to become external verification so the external from the government or the third market to verify if those requirements are met not only on the paper, bu

-e.u. collaboration on cybersecurity to get the nations more or less on the same page when it comes to resilience? john, do you want to start again? >> i think engagement is the number one thing we are doing. the biden administration certainly is doing that and trying to advance that. as we learned the role of nato, one thing i think we need to make sure of is the u.s. and its involvement in nato and allied countries have a common framework for sharing threat information. there is much we can learn from the europeans, specifically in the disinformation space. europeans have been dealing with this for decades, and we know that i can have effects on resilience and public confidence. certainly a major issue. i think cooperation is essential, especially with eu and individual countries and we want to continue to make sure you are strong and that -- in that respect. what we have seen over the last few years as we continue to be , vulnerable in this space and threat actors everywhere continue to

and e.u. lawmakers. we will talk about that next. this is bloomberg. ♪ caroline: just one week after testifying to congress, facebook whistleblower frances haugen has just announced that she will now meet with a facebook oversight board, tweeting she is looking forward to sharing the truth with them. this is in addition with meeting yea and u.k. lawmakers. our correspondent has been all over the ongoing fallout that from what initially was focused upon perhaps facebook understanding the ramifications of their products have on mental health, particularly those of the younger, and choosing what frances haugen calls profit over people. kurt, the main test always is whether or not this hurts the share price, whether this really hurts the business model of facebook, because time and time again when we have had these crises of pr, it hasn't always happened, the business proposition because businesses are dependent on it. kurt: this time does not necessarily feel different, but we will learn at the end of this month, because facebook will h

e.u. and u.k. pricing policies have had an impact, and some are blaming russia.here are allegations it is a squeeze supply to ensure that a lucrative pipeline to germany gets support. this is causing concern in nations like italy, germany and the u.k. they are more reliable on renewables, but pump in plenty of gas in the winter. >> as economies across europe rebound from the pandemic, demand for gas is rising fast, along with prices. they hit levels on wednesday not seen in more than 10 years. that is leading to concerns of soaring bills and inflation as people heat their homes this winter. >> it is a serious issue. i think we have to be very clear that the gas prices are skyrocketing, but the renewables, the prices have decreased over the last years and are stable. it is very clear with energy in the long term, it is important to invest in renewables. that gives us stable prices and more independence. >> several energy companies in britain have collapsed due to the shortages. norway and russia are boosting supplies to the european union, which is dependent on im

poland's dispute with the european union over the privacy of e.u.s overmadoing a such in bros else. sanctions may be punishment on poland saying some parts of the new lawal -- law are inexcitable with the foalish constitution. the u.s. house of representativewas voted to hold trump ally steve bannan in contempt of congress. he defied a system for the january 67 attack on the u.s. capitol. nine republicans sided with democrats in voting for the measure. it now goes to the justice department, which will decide whether to prosecute will -- mr. a new study says vikings had a settlement in north america centuries before crimp crumb -- columbus arrived in the americaings. scientists say a new data aging process using frees have been used. it's long known that vikings arrived before clutch bulls but this is the first time researchers suggested an exact date. you're watching bbc world news america. still to come -- the u.s. secretary of state is in south america the warning that democracy in the western hemisphere is under threat. we hear from our correspon

you are looking at facebook's pledge to hire 10,000 people in the e.u.o help build what it is: "the metaverse." kate: hard to wrap your head around, but it is a world of virtual reality. the social media company says it wants to invest in european tech talent, but critics are already skeptical of how european data will be used. our correspondent has more. reporter: facebook points to create the new internet, metaverse using technologies like virtual and augmented reality. the social media company aims to create a greater sense of virtual presence, as sort of xt-generation online gaming that goes beyond gaming, where people, or their avatars can go shopping. to build the new computing platform, the company wants to tap european tech talent, with a plan to hire 10,000 people within the next five years. >> we will have many jobs in the coming weeks. we will hire engineers, researchers, devopers and product managers who will take part in building the metaverse. this virtual environment in which people can do business, work, and play. reporter: a promising ne

. >> this was an attempt by e.u. and u.k.tors during the withdrawal process to try avoid the hard customs border after brexit between northern ireland, which was leaving the eu with the rest of the uted kingdom, and the republic of ireland which is an eu estate. to put a hard border there was thought to be a threat to the northern ireland peace process so the eu said to avoid customs here, northern ireland can remain for practical purposes in the single market for goods. the u.k. says it has tried this version of the protocol and it is not working, so they have demanded a rewrite. they will give a few weeks of this next round of negotiations. both sides would prefer a mutually agreed solution. ♪ laura: we turn to the death of the last living recipient of france's order of precipitation -- the palace decided described hi as a figurehead of free france. the bbc's tim allman has been looking at his life. >> as troops look onward toward paris, and announcement from the capital brings the great news, paris is limited. >> after fou

that the government continues to tell its electorate that poland can actually have all the benefits of e.u. membership without abiding by the bloc's rules. the opposition is hoping after this ruling to take steps to show warsaw that is not the case. tom: for more, we go to brussels. what has been the reaction from the eu so far? >> it has been a very clear and tough stance, if you will, issued by the commissioner for justice. he has been repeating the same lines all along, ever since this route -- this rope -- this row with poland started months or years ago. he'll use all the tools at his disposal in order to make himself heard in poland. first, he set all rulings of the european court of justice are binding at international courts. and that only the european court of justice has jurisdiction to decide if a ruling is contrary or not to eu law, and that is the stance on the european commission and will not budge an inch. this is where the lines are drawn, really. tom: that being the case, what sort of consequences might poland face from brussels? >> it could be very dire in the very short

hopefully an e.u. for kids under 12, get more people vaccinated.hat does it spell for the upcoming winter? dr. walensky: certainly, this virus has been humbling. so i want to remember all of those twists and turns that i have had over the last literally 18 months and said i think this may be a really bright step out of it, i do think we have some really bright step. i can see a future where we have the majority of the public vaccinated, we're working to vaccinate other people around the world, that we are optimizing boosters here in the -- optimizing vaccine effectiveness here in the united states, where children are starting to get vaccinated and feeling really comfortable back in school. i absolutely can see those times. and what really gives me hope, there's been so many challenges with this and so much dissension around it, but the things that i find beautiful are where people have really come together in the spirit of helping one another. those stories are fewer and far between because i don't think they make the news as often. having worked o

and e.u. come together for joint action on covid-19. we have seen the u.s. and e.u. launch a global methane pledge and other key climatish initiatives. they have announced trade and technology council that set the rules. and president biden and key european partners will sit down at the two summits to coordinate policies on iran, supply chains, global infrastructure efforts and so much else. i would point out that neither china nor russia will be attending the summit in person at the leader level. largely it seems due to covid-19. the u.s. and ire rop will be there -- europe will be there energized and united at both the g-20 and cop-26 driving the agenda. shaping the agenda as it relates to these significant international issues. second, the trip is going to give the president an opportunity to advance some of his highest affirmative priorities on behalf of the american people. you are going to see firsthand in living color what foreign sol policy for the middle class is all about. for one thing he will cement progress on the global minimum tax. a major achievement

what does this mean for poland's e.u. membership?e in warsaw and towns and cities across poland in response to a ruling by the top court last week that essentially said the eu, the constitution, overrides some of the eu laws. that is another episode in a long-running conflict. we had a former european council president calling for those protests, and he told the crowd the ruling party wants to pull poland out of the eu. he said we have people masquerading as judges, because we know the justices have been appointed by the ruling party. the reports are that this is fake news, we are not trying to pull poland out of the eu, but after what we have seen from the courts just last week, it makes it pretty difficult to argue that case. obviously, the key thing right now is what the eu will do next, because what is at stake is hundreds of billions the opponent was supposed to take. the money has been withheld and poland is probably not going to see that money anytime soon. tom: our bloomberg team getting us up to speed on the events in poland

while limited amounts of e.u. steel will be allowed in tar river free. reportedly want a house compromise written to cover biden's social and environmental bill. they hope to vote by tuesday. i'm jon scott. thousand back to "watters' world." jesse: a "watters' world" investigation into george soros. a hedge -- hedge fund tycoon. he launched a fund to tackle misinformation. media backed by or owes money from the ground up decided what is misinformation. >> i consider the trump administration a danger to the world. but i regard it as a purely temporary phenomenon that will disappear in 2020 or even sooner. jesse: he has resources to make politicians he doesn't like disamare from the ballot. he boosted national politicians like clinton, kerry and obama. but he found a way to make a bigger impact. plow it into local politics. his money went towards defund the police movement. austin, texas defunded the police and murder exploded 74%. there is a proposition in austin to get the money back. but or owes donated half a million to fight the proposition to keep au

there is the nuclear option and the e.u.l probably want revenge when it comes to clearinghouses and the like. how difficult is it to see what this country will become in five years? charlotte: i think, you know, we don't want to be too depressed about the u.k. there are still areas of innovation within the u.k., like cambridge science, producing health care, technology. there are investments towards those areas. it remains probably not the most interesting economy. the u.s. is a much more dynamic and interesting place to find investments. there are always one or two names within the u.k. that would be quite interesting. >> i like the way you are describing it. one thing that i personally find interesting that is taking place is the behavior of some of these assets. if we look at what the pound is doing, cable rate versus the dollar, it has been dropping pretty dramatically. at the same time, yields continue to pick up. this has brought adam cole over to rbc to say that the pound is trading like an emerging market currency. w

but at least talking about e.u., i would refer to what was achieved by eu-u.s. trade and technology council and during the first meeting, the declaration that was signed on the 29th of september, quite a fresh document. it is a document of 10 working groups, and they will cover things like the secure supply chain. of course, investment screening and information and communications technology and services, competitiveness. some regulations and i believe outcomes from these working groups came from a good foundation for close cooperation. talking about cooperation itself, i think it is a case-by-case basis as well. so we were just talking about colonial pipeline, but there have been many other situations where the polish team worked with others delivering information on how to mitigate the vulnerability on the prince driver's-side -- driver software vulnerability. how to solve this problem even when the solution from microsoft was not published yet. and of course random against u.s. infrastructure, we share this on a daily basis. just a few weeks ago we had another

i think that the e.u. has a much better regime for management of personal data and privacy than the united states has. it still has a long way go. and china of course is antagonistic to all of that because for china personal data is for the use of the government. not for -- commercial uses are just kind of a bonus in china. so i do think that we need to think across these issues in a more democratic and public way. i think, my own hunch is that it is going to take some breakup of the huge monopoly company likes facebook and google. but, you know, that's not my area. i think i would agree with what dave says but say that we're already deep into that issue. >> you know, let me actually note that we're just a few minutes from the end of our program. so if our panelists want to think of kind of a few key takeaways you want to leave with the audience, i'll just add on that kind of question of value. one offal the things that emerged in particular in the biotech roundtable was, well first, the stakes are very hi

we have the e.u. central bank with a hundred or more basis points in one go. we have the u.k. where we have not they would be stable for a long time and now they are gonna hike. things are moving fast. lisa: the consequences of this shift are disagreed upon pretty dramatically depending on who you speak to. some say it means a shorter and hotter cycle, some say it means flattened out cycles with no credit cycle whatsoever. what's your view? >> one point that's important to make, the market has this perception that as soon as the central bank height raised by 50 basis points, something very moderate, the economy can't take it. i think we have to be careful. what happened over the last 10 to 15 years, the global economy was going to be weekend it was not that the sectors were damaged. but still, how far the central banking went is a totally open west. -- open question. the market is convinced the market is convinced u.k. kelly take a hundred basis and then they will have to cut. that's a big question. for a number of countries around the world the economy can take more. jonathan

government is trying to repeal temporarily some of those visa restrictions in the hope of enticing 4,000 e.u. truck drivers over here as soon as possible to get them on the roads. >> trevor: yes, there's a huge gas shortage, or petrol as they say, in britain right now. it's hurting a lot of people and ruining the new james bond movie: car chase scenes just aren't as exciting when halfway through, you have to get out of your car and push. so, basically, what happened is the u.k. passed brexit because they were all sick of all the dirty foreigners coming in and taking their jobs. and now there's a fuel crisis partly because those dirty foreigners were the ones who drove all the dirty gasoline trucks, which really shows you how everyone hates the idea of immigrants way more than the actual immigrants or what the immigrants do. this always happens. it's always like: ( british ) "the immigrants are taking our jobs!" "okay, all the immigrants are gone. do you want the job now? "well, not me, but like, someone probably does, right? nigel, do you wanna do it? no? okay, so not nigel, but i'm sure the

. >> the e.u.c way to be able to do business, considering the consumer market and the talent as well. it builds on the investments we have been making over the years, whether it is the research development we have on artificial intelligence in paris . >> facebook says target markets for hiring include ireland, germany, france, spain, poland and the netherlands. bitcoin has rallied early today after falling over the weekend, ahead of an anticipated exchange traded fund. bitcoin has more than doubled since the start of the year. that rise has been volatile. global news 24 hours a day, on the air, on quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. -- global news, 24 hours a day, on the air and on quicktake, this is bloomberg. ♪ >> this should have been a two dose vaccine to begin with. if you boost people who have originally received johnson & johnson with either moderna or pfizer, the level of antibodies that you induce in them is much higher than if you boos

is headed for a fight with e.u. this week over border controls in northern ireland the u.k.xit minister will ask for a significant change in the northern ireland protocol that governs post-brexit trade flows with ireland's. the eu will not renegotiate the agreement but says it is willing to make adjustments. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i am leigh-ann gerrans. this is bloomberg. ♪ >> a very busy week or two coming up with vaccinations for five to 11-year-olds, boosters for other age groups, so it will be an interesting couple of weeks to tell what the rest of the fall and early winter will be like in terms of our covid-19 vaccination campaign. jonathan: johns hopkins professor and virologist there. tom keene, jonathan ferro. kailey leinz. lisa back with us tomorrow. -.5% on the s&p. yields higher in germany by four basis points to -11. we start to have that conversation about the road back to zero. u.s. bond market closed. the fx market euro-dollar 1.1565. up a

second of all, you've got au, u.s., u.k., e.u. there's too many letters. i gave it to carry.t the alphabet. it looks like a muppet. [laughter] >> greg: it raises the question, what else does joe not know and when did he not know it? >> well politician say that all the time. i didn't know or he didn't know. in this case i believe it. but i also don't know if that inspires confidence. if we are trying to be getting along better with france, to have confidence in us. he has no idea what's going on. why would you bother to talk to someone who doesn't know what's going on? i've tried, doesn't work very well. >> greg: if you know professor, do you think democrats actually like it this way, the less joe knows, the better. >> it's hard to know but was john kerry the operative words were, i explained literally, unaware. he's always this pontificate are. remember during the election and he said, if you don't educate, you are not educated and go to college, we will send you to iraq as if that was the worst of all faiths. remember during the trump administration he was always freelancing

there have been talks the e.u. and i ran are going to start talking again. we are off some of the 2014 highs we saw a few days ago. this is how we are playing out. slightly lower on the csi 300. muted on shanghai composite. it's -- the hang seng lower. we are watching the pboc injections. about five sessions where we had seen that. we continue to see liquidity injections. there all these calls about rrr. david: you cannot have both. otherwise we talk about inflation. let's bring in mark cranfield out of our team. let's start with the phone call. seemingly a very short one between janet yellen and the currency strengthening and we are coming off lows. it is good news. >> definitely. traders will be happier to hear big players in the u.s. and china are speaking to each other even if there is nothing specific that comes out of that phone call. it is much more encouraging than if it had been between the two presidents because these people are much more likely to have their ear to the ground to be in touch with what might be able to be done in terms of improving

number two, we cannot count on support from the e.u.the event of a military conflict against china. europe is just too dependent on the ccp to risk angering president xi and frankly the europeans seat china's star rising and are stating. at number three. biden will do nothing to follow .1 and .2 because neither he nor his team see china as a threat at all. possibly, possibly because of financial conflicts. remember, hunter biden still has investments in china, if you can believe it. given these facts, so long as we are hampered by biden and our current military and intel leadership, china must be regarded as the dominant power in asia and the most powerful country in the world. china clearly realizes that, they get it, and is aggressively moving to make ever more brazen shows of force against us and our closest allies. over the last 19 days, chinese military aircraft have breached taiwanese airspace 159 times. among those aircraft were nuclear-capable bombers and anti-sub warplanes, but as china ramped up its intimidation campaign, bide

in the e.u. china love seeing america prostrate herself on world stage because with biden in charge they will almost always get their way. and somehow back at home, biden's team thinks that they're going to get their way with the voters by stoking inflation with all this spending. they think biden's record low approval numbers will be revived when people's paychecks are ravaged by inflation. it seems the only argument for the left is, you know, for democrats at this point, the same one that jimmy carter tried to resounding defeat. people, you consume too much. >> many of us now tend to worship self-indulgence and consumption, but we've discovered that only things and consuming things does not satisfy our longing for meaning. piling up material goods cannot fill the emptiness of lives which have no confidence or purpose. >> laura: how depressing! now, the press knows that as long as the democrats stay in power, americans are going to see their standard of living declined. so all they can do now is

it will have to be on a much bigger perhaps e.u. 27 agreement. the bigger issue is european countries have different ways of energy markets. and france was taking the opportunity to say that maybe the french model has the answer, which is the future nuclear energy much higher in their own nuclear mix. alix: i cannot imagine 27 countries collectively trying to buy lng, for example. for a look at what is impacting european markets, i want to go to esty dwek, flowbank cio. how do you -- esty: that is the question. we have known that inflation will be higher than expected for longer than expected. this is just another layer that will extend the rise in inflation. this does seem to be rather transitory in terms of the energy crisis, but you still want to look at it. some areas of the market, like energy, are benefiting. we have talked about energy and material for a number of months already. that is one area to look at it we have kept an eye on breakevens. one of the better ways of having a little bit of a hedge for the bond side of your portfolio. be

most countries within the e.u. have some kind of renewable energy available.ust about boosting that. timmerman said as well that had the triggers this and -- had the transition started five years earlier, they would not be in this position, so that is something they are trying to nail down in getting through their package of renewable energy measures in time for a 55% reduction in emissions by 2030. alix: john, thanks a lot. just to point out, this is what we were talking about earlier, that the manufacturing costs for pv models have surged, about $0.08 more than we were expecting. it is much more expensive now to install solar panels because of the energy shortage. coming up, it is the world's leading cities failing working women. "bloomberg businessweek" ranked 15 business cities. that is coming up next. this is bloomberg. ♪ ♪ john: it is time for the bloomberg business flash, a look at some of the biggest business stories in the news right now. switzerland has approved the use of the moderna covid booster for high-risk groups a day after a european union pa

they have more willingness to use it more than any other country in the e.u. a time to settle things with france. they are still a quarter of the world economy. still deals in important ways with russia and china. this should be a priority. >> they have to resolve one debt ceiling by october 18th. they have strength and bragging rights going into the g 20. jeff, back to you. >> thank you, coming up next after the break, what is the deal? the president leaving town to sell his infrastructure plan with little to no progress made on capitol hill. lawmakers hashing out details on the debt limit and spending plans as time is running out. this is "andrea mitchell reports" only on msnbc. reports" only on msnbc coaching. new workouts. and screening for colon cancer. yep. the american cancer society recommends screening starting at age 45, instead of 50, since colon cancer is increasing in younger adults. i'm cologuard®. i'm convenient and find 92% of colon cancers... ...even in early stages. i'm for people 45 plus at average risk for colon cancer, not high risk. false

many are fearful their country could be next to leave the e.u. >>> and it's not science fiction.tain kirk really is going into space, but there's a slight delay. we'll explain. >>> live from cnn center, this is "cnn newsroom" with rosemary church. >>> thanks for joining us. well, the u.s. appears to be rounding a corner on covid. cases, hospitalizations and deaths are dropping across much of the country, and vaccinations are picking up pace. on sunday the u.s. was averaging more than 1 million doses a day. that's the highest we've seen since july, but cdc data suggests it's boosters shots driving the trend, not new vaccinations. the number of infections is falling or holding steady in most of the u.s. just five states reported significant jumps in new cases last week. health experts say the country is on the right track but it's too early to declare victory against the virus. >> we have to just be careful that we don't prematurely declare victory in many respects. we still have around 68 million people who are eligible to be vaccinated that have not yet gotten vaccinated. even th

you look at the recovering demand and supply bottlenecks, you have inflation looking like 4% in the e.ue meaning christine lagarde may have to do something on rates. alix: at least in the u.s. inflation expectations are starting to come down because we are like inflation is not going to be a problem because the central banks will be more hawkish will stop but the movement of 2-years have been tremendous. what does that do to risk assets? this is a perfect question for you. for so long we have seen low rates and the 40-year bull bond market. andy: we have been bullish on risk assets and it has been the right call for several years. we think that there are a lot of reasons for optimism, and we can see continued, strong growth as the u.s. economy bounces back. supply chain interruptions are there with those plus covid are not enough to knock off a consumer that is strongly back in the market, business investment which is strong. we think that the fed will remain on the sidelines in terms of a rate increase for some time to come. we are bullish about the u.s. economy and operating environme

infective -- effective implementation of the next-generation e.u.am and the package will contribute to a stronger, greener, and more even recovery across euro area countries. let us look at inflation. inflation increased to 3.4% in september. we expected -- expect it to rise further this year, but whether the current phase will last longer than originally expected, we expect inflation to decline in the course of next year. the upswing in inflation largely reflects a combination of three factors, first energy prices, especially for oil, gas, and electricity, have risen sharply. energy inflation accounted for about half of overall inflation. second, prices are also going up because recovery demand related to the reopening of the economy is outpacing supply. these dynamics are especially visible in the prices of consumer services as well as the prices of goods affected most strongly by supply shortages. third and finally, base effects related to the end of the cut in germany are still contributing to higher inflation. we expect the influence of all thr

political actors, political parties and news organizations and specifically political parties in the e.ulicy positions to be more extreme so that their statements on those positions will do better on facebook. a true dog being wagged by the tail is the thing researchers are pointing out. >> jacob ward, great reporting. >>> joining me is assistant professor of law at st. john's university and hopefully, you heard what jacob ward was saying. the real world mirroring the online world but only if the negative people who come up to you come up to you and they come with a friend and another friend and another friend and another friend and another friend and any positive people that come up to you are alone. the amplification is the issue, am i wrong or right about that? >> no, i think that's a good way of putting it. i'd say the thing that facebook and all platforms and basically all that we're seeing from the internet and this connectivity of communications is basically this ability to unhinge the frictions of everyday life from geography and cost and reputation and all of these things. so li