april in france at a time, the presidency of the e.u. francine: supporter of the e.u. integration. that will probably mean that he will present france's priorities. coming up, bitcoin develops below $42,000. game somestop. that is next. this is bloomberg bloomberg francine: welcome back to the open, everyone. 23 minutes into the european trading day. markets are not moving that much. trying to figure out what the next move is, what some of the treasuries are, looking out what the fed could do. european stocks down 1/10 of 1%. bitcoin has continued a week long drop this morning talking falling below $42,000. gamestop is getting into the tokens business. bloomberg learned of the plans to launch a marketplace. it is causing shares to surge. joining us, from singapore. bitcoin front and center. what do we know of gamestop's plan? why are they proving to be such a boost? >> well, there are not a lot of real specifics yet. it looks like they are going to try to putt pet up some -- set up some funds. maybe look into tokens that could be used but it is a little bit hard to tell exactly how

and they joined by video call the e.u.'s top diplomat that should russia would block ukraine they there would be sanctions. >> we will reaffirm our questionable support to ukraine. and that any military aggress against ukraine will have serious consequence and massive costs for the perpetrator. >> earlier, the head of the commission announce an emergency financial package to help kiev. >> i am announcing a new financial assistance package to the country. made both of emergency lones and grants. first of all, the commission propos a new emergency package of $1.2 billion. this passenger package will help you create now. to address its financeable needs due to the conflict. >> meanwhile, the head of nato said the alliance would deploy troops in europe with firefighter jets. they have a deteriorating community situation. >> we are considering to further enhance our presence in the eastern part of the lines. this could include the deployment of additional nato battle groups. >> the move by nato has angered the kremlin. it denies

president macron of france says it's the e.u.n nato. france is hosting delegations from russian and ukraine to hospital talks in paris. the state department has rejected calls to impose sanctions on russia now. there's calls for other allies to do so. to do so would diminish the u.s.'s ability to engage in further aggression. despite that, there's calls for sanctions put on place. ned price said that what they have done with having in an effect, the rubble is an all-time low and the russian stock exchange taking a heavy hit. ned price showing how much the u.s. was doing. allies are on different pages. martha? >> martha: joining me how, mike pompeo, fox news contributor and former secretary of state. great to have you here today, sir. benjamin lays out what is going on with europe and how the united states' role and power is diminished by the strategic moves that have been made with russia and germany and other players. i want to read for you a quote from a "new york times" opinion piece by fiona hill. it says that putin wants to

the e.u. so-called foreign minister was unhappy to to notice that fact, that the e.u.s not playing a meaningful role. i think thathe worries are a bit erplay here because russia is engaging mostly with unit states. it ss itself as a peer of the united states and was to be seens a peer. its nuclear arsenal pys a role here. and it is not particular willing to engage with the europeans on those kinds of issues. brent: very important point to make there. the european council on foreign relations. we appreciate your time and your insights tonight. thank you. prosecutors in ukraine have set bail at $35 million in their treason case against the former president. he appeared in court on monday hours after returning to kiev. he is one of ukraine's richest men and he denies any wrongdoing and says -- he wants to help defend his country against russia. >> he flew back to ukraine with hefty charges of treason against him. and yet, outside kiev airport, thousands of supporters still cheering. >> after meeting his fans, he was taken to court for hearing. [chanting] >> he's under inv

in 2020, the e.u. consumed 35% of e.u. was coming from russian pipelines.the moment, russian supplies are much lower than what we saw in 2020. the market is about balancing, just about. the price is still extremely high. potentially, russia can add additional flows through europe. the pipeline going through poland, through ukraine, or put additional volumes on the electronic sales platform. dani: also, what would be the consequences if -- let's walk through the scenario here. if we get what president biden warned about yesterday, if there is a line crossed of russia into ukraine, heavy sanctions fall on into russia. such an event on these gas markets. tom: when it comes -- >> when it comes to gas markets, we don't believe there will be this nuclear scenario of shutting down europe from russian gas. if we think back to 2013 when russia first invaded ukraine and the sanctions cane, the trend still continues in russia continues to fly into europe and transit through ukraine continues. what we are considering of course is if there is large-scale military incurs

>> if there's any incursion into ukraine, the sanctions that we, the e.u. and the u.s. are looking at now will be wide ranging and in excess of 2014. i think you heard secretary blinken say that he didn't want to impose sanctions in advance. he wants them to be a deterrent. it's important that we have credible deterrents and important that president putin engages in diplomacy. >> martha: there's growing concern about germany. maybe they're not fully on board. critics are blasting germany for not going to the same lengths as some of their ally counter parts. your reaction to that. >> i think yesterday's meeting, yesterday's video between the leaders of u.s., germany, france, poland and the international organizations like nato, the e.u., the osce, everybody came outpointing to total unity of the leaders that were there. germany has been an integral part of discussions and planning. we work close think with them and with our european and american partners. nato is solid on this. what president putin is trying to destabilize ukraine, deprying them of the means to choose th

i wanted to hear from the members of the e.u., where they stood. and i also wanted to hear from our european allies some from the baltics who are very close to the russian border. i wanted to hear them. it's the division we have between what we call the call four, germany, france, as the lead, as well as what we call the b-9. what i'm finding is, here's where i think president biden is doing a great job, bringing them all together. listening to them. basically, what they were saying is, it's good that america is back at the table and we're working together and listening to each and all of them so we can stay together and then if in fact sanctions have to be implemented, it will be done collectively and severely like never before, because of the multilateralism of the sanctions. >> house chairman democratic congressman gregory meeks coming to us from ukraine. thank you so much. >>> from maryland to maine, a blizzard is setting up to hit the northeast this weekend. some areas could see up to three feet of snow. >>> then, that escalated quickly in cou

you talked to will will germany and the e.u. nations. the united kingdom just deployed the queen elizabeth to the indo-pacific in recognition of the importance two thirds of gdp flows through the end of pacific to support a global set of nations. that is why it is important. we talk about france, a great partner with the largest gdp of the indo pacific of anyone and i have operated with them across the globe since i have been doing this business and they are a great partner. the expansion of the security relationships with allies and partners is the key. it is not just the indo pacific. laura has a number of pacific nations with coastlines in the pacific, because the region is important for the security, the stability, and the prosperity globally. thanks. we have to end there. it is a perfect note to end on. thank you to our panelists. [applause] department needs improvement.

the e.u. is russia's largest trading partner.countries along russia's border, including finland, lithuania, and estonia, russian goods make up about a third of imports. in contrast, russia is the united states' 26th largest trading partner. and, in france, president emmanuel macron further broke western unity yesterday when he said the e.u. should hold its own talks with russia, rather than support the u.s.-russia and nato-russia talks from last week. pres. macron: for both us and russia, for the security of our continent, which is indivisible, we need that dialogue. we have to, as europeans, lay out our own demands and put ourselves in a position where we can make sure they're respected. nick: today, ukraine's president volodymyr zelensky demanded his own respect. while visiting poland's president, he tweeted a rejection of president biden's comments yesterday. there are no minor incursions in small nations, he wrote. today, president biden tried to clean up his own remarks. pres. biden: if any, any assembled russian units move

that e.u.'p diplomat says the bloc is sending a strong message of unity against russian aggression. >> our collective efforts, to convince russia to take the path of dialogue will continue. even though the russian -- does not inspire a lot of confidence. but should diplomacy fail, we are very well advanced in the preparation of responses to a potential russianquick and dete, with strong unity, not only within the european union, but also internationally. sumi: let's get a round up of some other headlines now. british prime minister boris johnson has held a birthday party during england's first covid-19 lockdown in june of 2020 when indoor social gatherings were banned, that's according to england's itv news. he is under pressure to resign. britain's high court has ruled that wikileaks founder julian assange cannot heal to the supreme court -- can appeal to the supreme court against his extradition to the u.s.. he is wanted their due to publication of thousands of leaked documents pertaining to t

and the e.u. had criticized the law.r all, americans would have to give up their majority shareholding. it could even lead to a hefty lawsuit. on the streets, tens of thousands of citizens have in protesting. they feel the law curbs media freedom. for them this is a win. >>. >> the president does not want to sign up to a project to the government and decline, he wants to preserve good relations with the americans. reporter: as the president cast his veto he also said that many polish citizens don't want more conflict, they are already facing raising prices due to inflation, and setbacks from the pandemic. but the media law could be back in parliament, to be debated all over again. pablo: you're watching dw news. still to come. south africans begin a week of mourning to honor and anti-apartheid icon and nobel peace prize laureate who helped shape the country's history, archbishop desmond tutu. as the year draws to a close, we're looking back at some of our most memorable reports from 2021. the covid pandemic has left heal

and e.u.o destabilize his country. >> panic is not a policy. >> reporter: but biden administration officials say their rhetoric reflects reality. so there is no sign yet of any kind of de-escalation. >> on the contrary he has moved more forces since we have been encouraging him to de-escalate. >> reporter: over the weekend the state department posted guidance on land routes out of ukraine for any americans needing to leave. >> the u.s. has 8500 troops on >> reporter: the u.s. has 8500 troops on standby to reinforce nato allies and the u.k. is considering making its biggest possible offer of military support. meanwhile after eight years of war with russia, soldiers on ukraine's eastern front wait to see what will happen. and civilians have already seen too much. >> ( translated ): make peace, reach an agreement, you're all adults. >> reporter: and cbs news has learned north korea is stepping up missile testing in the region recently and the u.s. military overnight released a statement saying it

[video clip] a story from -- guest: a story from reuters this money, e.u. ready for never before seen sanctions, ready to impose never seen before economic sanctions on russia if it attacks ukraine. the eu foreign minister says it would send a unified warning to moscow. east and west tensions have risen since

the e.u. does remain split on some issues including supplying weapons to ukraine.from brussels. >> the unit at states live by president biden and european allies which rated full support for the territorial integrity of ukraine and warned russia and vladimir putin any incursion into the country would lead to massive economic sanctions. nato's deploying military equipment to eastern europe yet all of these next hope is all of these measures combined will serve to deter russian aggression on ukraine. i spoke to the ukrainian ambassador to the european union and he told me the country feels fully supported by western allies. >> we appreciate the european union, that it keeps its embassy working as usual. it is a strong signal also to the rest of the embassies. it is business and -- business for each and every country how they run their business and what level of precaution they are taking to >> that is the ukrainian ambassador to the european union speaking exclusively to bloomberg. all of this is happening in day of major turmoil for markets. in particular, russian a

the e.u. needs to remain extremely vigilant. preparing for emergencies.he italian media mogul silvio berlusconi has withdrawn his name. he announced to his withdrawal saying that italy needs unity to battle covid. he was a longest serving postwar premier. 1500 acres and the big sur area of california triggered evacuations of -- of the pacific coast highway. the transportation department says there is no estimate on when the highway will reopen. the national weather service called the fire surreal given -- the recent wet months. those are the first word headlines. haslinda: let's take a look at the crypto space now. of course, bitcoin to ether were crushed in a selloff that raised more than -- erased $1 trillion in market value. su keenan joins us. we are seeing some stabilization in asia trading. what is the latest? su: analyst are saying you will need to see probably a little bit of time before bottom forms, and there is renewed confidence before we can expect any kind of bullishness. let's dive into the bloomberg and you can see the 50% drop from bitcoi

at the same time, similar tariffs were applied to other regions, including the e.u. the e.u.e time retaliated quite hard and put its own tariffs on u.s. goods. japan did not retaliate. what we heard from japanese officials, they felt they didn't retaliate so they feel they deserve a better deal. it seems like we could be seeing extended negotiations to sort that problem out. shery: bloomberg's isabel reynolds joining us from tokyo. coming up have another big guest joining us this week, japan ahead segment, suntory's president will tell us how one of the world's largest drink makers is dealing with the pandemic and changing consumer trends, in a sustainable way. but conversation is next. this is bloomberg. ♪ paul: you're watching "daybreak: asia." japanese markets will be opening in just 18 minutes from now. to look at how trade is shaping up, we have nikkei futures looking flat at the moment. we have the yen currently trading at 113.74, this is the greenback. futures are moving to the upside on the positive territory, by 0.3%. the japanese 10 year, not a huge amount of change

e.u. regulators are warning that frequent covid-19 easter shots may not be feasible. a european agency said repeat doses every performance will eventually weaken people's immune system and they want more time between booster programs tied to the onset of cold weather. israel has already given about 400,000 people a fourth dose. china may establish -- sources say the bank has been meeting with a consulting firm. the move would make standard charter the first foreign bank to fully automate a wealth manager in china. sony will continue producing playstation 4 consoles. bloomberg has learned the japanese company told partners late last year to continue making it. the ps5 console has been an scarce supply since his debut in november. 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. this is bloomberg. manus: thank you very much, juliette saly in singapore. the new year kicked off in the bond market. we discussed the curves. dani: and more insight into the trading scandal that ha

the e.u. brokered a deal to ease similar levies last year. 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. this is bloomberg. dani: thank you so much, juliette saly there in singapore. let's recount the earnings we've had in the last 10 minute. we have to start with a chip giant asml. it was a miss on sales, coming in below 5 billion euros. the estimate was for above that. they said they will continue to return significant cash to holders, so some things to way up there for asml. manus: the guidance for this year that sales would grow by 20%. it goes back to earlier in the year. the demand outlook, they're in good position. they will ship 55 of those this year. it's exploding in terms of guidance, in terms of watches, jewelry, online are the areas where they are doing best. pre-pandemic levels would be substantially exceeded and that's what we call a bullish guidance. third quarter sales up 32%. the market had penciled in 18.2%. dani: that is qui

we don't take orders from the e.u., wto, w.h.o. or the u.n. government and our military, they work for us. speaking of our military, we need to propose major reforms to the pentagon. their focus should be on confidence and accountability. this requires immediately ceasing vitamins pentagon obsession with diversity, equity and inclusion and a good old standby critical race theory. call me crazy, but don't you want a general who cares about winning battles, not spreading anti-american propaganda, the latest fad on the college campuses? likewise, we insist the trade negotiators walk away from bad deals. we want a state department that fights for our interest, not just rubber-stamp whatever talking points here and by the way, we should not be pretending the murder cpc represents the chinese people. this will help with the third plank, saving our economy. right now the u.s. economy is being carried by hardworking americans like you. and you are seeing your wages stolen by inflation. and you are facing onerous taxes and endless regulations that make

for example, team europe, which e.u.s a couple of countries announced half a billion doses in various stages. only a quarter of them approximately have been delivered, so press releases don't save lives. vaccine save lives. so it's not to say that you don't follow evidence at home. the idea is to increase the size of the pie through actua delivered vaccines through technology transfer, and so on and so forth. anchor: deliveries to match the promises. it has been two years sce china reported the first cluster of cases in wuhan. what do you see in the year ahead? >> i see that we are n helpless bystanders, but to say that we hava lot of power to change the course of the pandemic, but that would require leadership, but it will also require the recognition from the populaon, from the populatis, because we are a heterogeneous wor, that we can either muddle through this r years to come, or we can bite the bullet and control this pandemic aggressively through the tools that are available, and then get on with our lives. so, i t

and the media are slavishly -- media regularly trashes anyone in europe who dares to criticize the e.u. instead, with usually do in the press is stand with germany which itself is dependent on natural gas from russia. they also want the norge stream 2 pipeline and they actually opposed sending weapons to ukraine. in fact, sharing german-made weapons with ukrainians is out of the question, we have been told. the u.k. is even careful to avoid german airspace when it ships weapons to ukraine itself. it is easy to see them more reliant we are on germany, the more it helps putin. finally, for the last two years, our media has done everything possible to promote chaos here in the united states. during the summer of 2020, they cheered for the rioters. writers who burned america. the support diaz who do not prosecute crime. they downplayed the threat -- and they protected their hero and mascot, dr. anthony fauci. who still would have us in lockdown if he could. how is it, by the way, that a country that cannot send its kids to school is going to somehow promote freedom abroad? how can a countr

the e.u. is set to launch a cased against china -- a case against china as the wto. the block will accused china of placing an unofficial embargo on with the way nguyen exports -- on lithuanian exports. china is set to start a nationwide crackdown on money laundering after stepping up revelatory efforts. the pboc says 11 government agencies will carry out the campaign until the end of 2024. china has recently increased efforts to investigate financial wrongdoing. in june, police arrested more than 1000 people in crackdown on the use of crypt currency. global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. vonnie quinn. this is bloomberg. rishaad: quickly looking at u.s. futures. we see continued declines turning back further selloff in the u.s. looking at what we have as a call coming from nomura. forecast will be hiking interest rates by 50 basis points. going on to suggest the cost of borrowing could go up by 25 basis points in may. in june, july and december. we are looking at 15

the data has shown from overseas, the e.u., the u.k., there's no benefit to having masks on childrenhen it comes to preventing the transmission of this disease. that's the data. and what youngkin has decided is and they have done this in florida and elsewhere, if you're a parent and you feel like your kid is safener a mask, that's your prerogative. you can have them in three masks until they're 18. but if there's a special needs kid that is struggling wearing the mask and having developmental problems because of it, you now have the ability to make that call for your child. it's eminently reasonable and sensible. it's pro data and science the governor is right and he should fight these people that refuse to supply at the county level. >> martha: richard, that make sense to you? >> i appreciate where guy is coming from. i also appreciate that every parent has a right to have their voice heard in the education process. what makes this case so interesting to me, in the case of arlington and alexandria, they had school board races this year. these voters were met with the same sort of de

the e.u. can track its people in a never ending network of regulations.ut here in america we don't have to obey the government's every whim unless the government can point to a legitimate law passed in a legitimate manner, we're free no matter what the elites want. they don't want us to have a football season but we did it anyway. they don't want us to drive our own cars or own guns or vote for candidates who share our values but they can't stop us, and they certainly do not want us to scrutinize their takeover of state election laws, but we're doing that, too. the truth is, we're gaining power and they are losing it. and it's driving them mad. >> they want chaos to reign. taking away the options, as a predictable effect, longer lines at the polls. lines that can last for hours. when i showed up at the g-7, i said america is back. and the response was, for how long? joey, keep the faith. then he said, no, joey, spread it. let's spread the faith and get this done. >> laura: there is no pursuit of happiness for the modern left. there is only pain, suffering

speaker, this is the government that took the country out of the e.u. and did what was necessary and this the government bringing the west together to stand up against vladimir putin. and these are the important considerations. as for the rest of what he said, mr. speaker, it's nonsense but he should wait for the police inquiry. >> my constituents are very keen to see the energy prices fixed. will the prime minister assure me he won't be destructed by any of this and get on with the job and come forward with a solution to a that issue? >> hear, hear. prime minister: yes, my honorable friend is completely right and we not only need to address consumer energy costs but physical industrial energy costs as well and i know my right old friend the chancellor will be bringing forward a package of measures as soon as he can. >> mr. speaker, during his statement the prime minister kept referring to "we" when he talks about the sorry saga sue has reported. mr. speaker, at his briefing, it's his inability to tell the truth about it that's the issue. he's the prime

putin understands the high cost if he does decide to invade, to work with our partners and nato and e.u. and across the world to make sure those sanctions are done in concert in a unilateral way while working the provide a strong off-ramp to de-escalate the situation, to try to work with russia to find a nonvile way to address this conflict and to get to a resolution. >> you must have heard some of the voices in your party that are asking why the united states is siding with ukraine instead of siding with russia. we hear it on fox. some individuals in the freedom caucus, the house gop saying this. what is your answer on why it is important to stand with ukraine? >> well, it is a legitimate frustration. i think they put themselves in a tough situation and so it is a legitimate concern for us. in the short term, this situation can escalate significantly and it is a serious situation. we have to deal with it more effectively and we have to be able to support countries across an ocean. we can say it is not our problem until it becomes our problem, and united states of america and strength o

byron, e.u. works on dems attempted to force an election overall.eports" at the top of the hour. >> kayleigh: leonardo dicaprio is getting slammed as an environmental hypocrite after lunging on his $150 million yacht. this is one of the big world's biggest and environmentally unfriendly cypriots. it set to produce as much carbon sailing just 7 miles as an average car does in a year and a cost nearly 300 grand to fill up. oh, kayleigh. just another example of hollywood hypocrisy. what do you make of this? >> kayleigh: you can't make this up, it takes $115,000 of diesel. he says i don't on this, this is my friends. i don't care who owns it, you're embracing this kind of lifestyle on one side while also being a huge climate change activist on the other. but i'm going to advocate here on the "outnumbered" that we start doing a slow scroll of climate hypocrisy. we do it for covid but as flagrant as covid hypocrisy is, so, too, is hot climate hypocrisy. think about how many celebrities we've caught doing this, meghan markle and prince harry, four private

happened in the meeting between zelenskiy and blinken and today his meetings with the counterparts in the e.ud what to expect from what might happen tomorrow blinken's meeting with lavrov? on wednesday, french president mcca -- macron going against what the u.s. have called for as urged eu states to speak directly to russia. could you comment on that as well? >> that i think is very important and speaks to a diplomatic resolution that may be able to be revived. the minsk agreement or the normandy agreement. originally it was gmany, france russia, ukraine -- not the united states. but i think it is a good sign that eopean countries may have more independence -- france, germany, working out something with russia. i think what is happening in ukraine, i don't knowxcept zelenskiy's rival arrived in ukraine, kiev, the other day, the chocolate king, the previous president, and was arrested and is sitting in a courthouse. why that is happening now, maybe it exposes some of the real problems in ukraine. by the way come ukraine cannot legally enter nato right now because it's territorial integrity is

we've seen nativest forces in bri brexit out of the e.u.ces. the backlash to globalization unleashed challenges internally and externally than we're dealing with now? if you're not a disciplined person making sure you weren't seeking out, right, information just because it agrees with what you believe, you can fall pray to disinformation easily. >> that's right. this is the new thing. the disinformation proliferation. you know, we've had partisan media before although not on the scale and scope we've been dealing with in recent decades but what is happening in the last several years is the added alloy of a social media alga rhythm that elevate and exacerbate and reward conflict, conspiracy theories, extremism and that's one of the things that made us go collectively insane where it seems incredibly difficult to reason together which is what democracy is based upon. the other die namynamics are el by social media al goralgorithm. that's one of the reasons why that's one incentive structure that we need to get in control on all these dynamics

which it strengthens them further from the geopolitical stance, it makes them more ingratiated into the e.ught now, a lot of his maneuvers have always continued to happen under weekend administrations. we saw the same thing happened in 2014. i was in ukraine when the russian pro separatists had come in and was leveling with mortar fire as well as direct action forces. this isn't the first time russia has had an incursion but i don't think that merits the united states going for a troop incursion for troop intervention and we need to look at this from a more stable position from either the budapest memorandum or looking at the u.n. sc. >> shannon: right now there is aid and weaponry, all kinds of things flowing in from various countries, germany is blocking estonia from being able to contribute to that, since you mentioned them and where they play into this whole thing too. how much to the different weaponry in different equipment, the things that are flowing into the region right now, how much does that serve as a warning or does he look at that and say i've got that and much more? >> this

the last several weeks, with our european partners and counterparts, with our nato partners, with the e.u., to make sure we're working in alignment and in lockstep about how we're going to approach any actions president putin takes. reporter: could you talk about the possibility of another summit with president due -- president putin. what about a phone call over the next few days to try to fix things? jen: i don't have anything to predict on that stront -- on that front, steve. there were three rounds of discussions last week. this week, sex retear blinken is in europe and there was also a bipartisan congressional delegation there. the president has been in touch with all of them. i expect when secretary blinken comes back they'll discuss with the national security team what the right next steps are. reporter: and the president is going to meet with the japanese prime minister virtually. what are they going to talk about? the recent upsurge in missile launches by north korea? jen: i expect a range of topics. he looks forward to meeting with the prime minister to further strengthen the u.

security and cooperation in europe, the helsinki final act from 1975, there's the nato-russia council, the e.ua. there are all these existing international and diplomatic ways of addressing legitimate concerns. president putin doesn't want to use those. instead, he wants to threaten ukraine and mass troops on the border. that's not the way that europe's security should be dealt with. eric: yeah. i mean, you've got all these treaties and agreements with moscow, but he doesn't pay any attention to them. do you think he believes nato and the west is a paper tiger? >> no, i don't think he believes that. that's why he's got quite so many troops on the border and is thinking about a campaign like disinformation and cyber attacks. he knows though that nato is a defensive alliance, and nato, the nato-russia council was set up to give russia reassurance about its place in europe. and president putin doesn't want to use those instruments. he wants to threaten ukraine for his own purposes. he wants to destabilize ukraine. eric: and you talk about sanctions. you have talked about -- the president has talk

this is a challenge that we have been approaching not only with partners in the region but also the e.u. has been deeply engaged in this. the spanish have been deeply engaged in this. you heard from the representative on this as well. so we are approaching this challenge not only with our partners in the western hemisphere but our partners across the atlantic and beyond. >> is the u.s. looking to promote negotiations with the government of nicaragua? the venezuelans have in mexico with -- to these negotiations? spokesperson price: we are looking to see the restoration through of course peaceful democratic means of genuine democracy in nicaragua, precisely what ortega has sought to erode over time and what they certainly did erode with the fraud election that they put forward last november. our goal in all of this, just as it is in venezuela, is to provide support for the people of nicaragua, support for the rights to which they are entitled, rights that should be universal. just as we are in venezuela. deeply focused on humanitarian needs, humanitarian concerns of the people of nicaragu

that the biggest i think deterrent to russia right now is the unity that we have, not just with the e.uto and the transatlantic relationship but even the unity we have in congress. so this delegation was a bipartisan delegation, and we were all very unified as we went before the international community as americans promoting democracy. >> i want to ask you about potential sanctions and share a bit of what "the new york times" wrote about it where they say no nation has ever tried to enact broad sanctions against such large financial institutions and on an economy the size of russia's and the swift and severe response that the u.s. has promised could roil major economies particularly those in europe and even threaten the stability of the global financial system. what in your mind does the mother of all sanctions look like? and don't we run the risk that we could be crushing russians, we could be crushing other countries, but it won't impact putin? he is a multisystem inflammatory syndrome -- multimultibillionaire. >> it will impact putin because what we're talking about is russian sancti

but in the civilian casualties, but that comes with refugees heading west into the e.u., that causesrope and that could be a consideration as putin for a weapon. and one of the key questions an we heard both austin and milley address this quickly, that is a question of would there be a imminent deployment or a call up or an activation of either 8,500 troops in the u.s. or troop movement in europe in response to europe. that was answered fairly quickly. >> that hasn't happened yet. but both made it clear that option, that consideration remains something that is being discussed, whether to do that as -- in response to the activation of the nato response force, or whether unilaterally, it comes with its own delicate balance here. you have to put if troops that would not be considered a provocation by putin, an excuse, if you will, for him to invade ukraine. at the same time those troops have to do what austin made it very clear the u.s. intends to do and that is support nato allies and let them know the u.s. is ready to about they and will bolster the eastern flank of nato. >> thank you

if congress is unable to come to a final deal and there is a full year cr, anti-e.u. urges -- nteu urges congress to ensure that there is no disruption of this funding and furloughs will continue to be avoided. finally, congress continue to fund staffing so cbp can succeed in their important work. i thank you and m happy to answer any questions you may have. chair barragan: thank you for your testimony. i now would like to recognize mr. seroka to summarize your statement for five minutes. >> thank you ranking member higgins and other distinguished members of congress. i am the executive director at the port of los angeles and the city of los angeles chief logistics officer. this is a very important hearing given the supply chain challenges we have witnessed and progress you have made making federal resources available to our nations ports. the port of los angeles with our neighboring port in long beach comprise the san pedro bayport complex which handles nearly 40% of all containerized imports and 30% of all exports of containers for the united states. cargo moving th

the e.u. said it would designate some nuclear energy projects as a sustainable investments.ussie dollar clawing back from lost ground. yields in australia climbing as well. we were higher by 11 basis points. the yield on the aussie dollar now 1.769. shery: let's bring in our guest. could 2022 see risks catching up? from shelter investment management, richard. happy new year. could we see bear markets here and there? richard: yes, but i don't think immediately. we have seen the markets start off like a train. not surprising because we are still carrying on from last year. good news about apple hitting the $3 trillion. the key thing in the first part of the year is the fact we will see low interest rates. we saw inflation crack up toward the end of last year. we still have low interest rates. that is likely to continue. if inflation comes back a bit, my forecast this year shows we are looking at a period where inflation will continue to grow. the fed and other central banks have few tools to defeated. -- defeat it. paul: what are you seeing in terms of opportunities, given val

the e.u.o put billions of euros in state aid toward a massive cutting edge semi conductor production site. the move follows a similar push in the u.s. and aims to secure supply lines and in the region. california's ports at los angeles and long beach have delayed charging fines on import containers that sit in the docs until too long on february 4 that comes as the number of containers declined since the announcement of the fee last october. ports are in talks with the industry about alternative arrangements. caterpillar is signaling to the market demand from china is going to decline in 2022. the company said sales of construction equipment in china slumped during the fourth quarter as demand waned. apply chain and missions are continuing to eat into profit margins. taking a look at food prices. getting product from shelves will remain expensive for a while yet even if crop prices decline. that is according to a commodity prices manager. agricultural prices are beginning to peek a would likel

the european parliament has voted at least four further times and other resolutions to call on the e.ut this very project which is what we're looking to vote on today. and finally, mr. president, outsourcing this very important foreign policy, national security american issue to the germans is not -- is simply not wise. the germans have not always been so clean or level headed when it comes to russian gas in nord stream 2. what am i talking about? of course i'm talking about the former chancellor of germany, glarehart schroeder, one of the biggest beprayers of the west, certainly in this and last century he left his chanc chancellorship to become putin's lap dog. he's the main lobbyist pushing russian gas all over germany and europe. he's an embarrassment to the atlantic alliance. now as the chairman for many years of gas prom, the former chancellor of germany and of course it's influenced germans to say this is good. he's made millions doing it, by the way, should be sanctioned with other putin cronies. but so at the end of the day, mr. president, this shouldn't be outsourced to germa

just words, but execute deeds that demonstrate american resolve is diminishing, i hope nato and the e.u. will be less passive and more preactive when you see him move equipment and people into belarus the way the reports indicate, it's clear vladimir putin thinks he has the american number. >> john: good to get your thoughts on this, hope you have a great weekend. >> thank you, have a great weekend, too. >> sandra: thank you, and thanks to the secretary. now the latest in the murder of ucla student brianna kupfer. police in california releasing audio now of the 911 call that led to the arrest of a career criminal. he is expected to be arraigned in court for killing kupfer while she worked at an l.a. furniture store. jonathan hunt has more on this. when do we expect to hear about the charges in this brutal case? >> sandra, it could be at any moment but we are expecting shawn laval smith to be arraigned, if they follow the standard timeline here. smith is in custody now thanks to an intense manhunt and the help of the public which police had appealed for almost from the moment of the murd

emmanuel macron has suggested the e.u.s or have its own talks with moscow and that is been taken into something as a snub but i think this is what the french president would suggest. the real stumbling block in europe at the moment is the divisions within the european union countries and the nato members and that is really germany. there has to be pressure and focus on germany if the u.s. wants to have the german, the new german government on board. it is testing a lot of fractious moments because you have a new government in germany, you have macron who is heading into elections and boris johnson who is in a whole heap of leadership problems of his own back in the u.k. and this is the kind of situation that suits vladimir putin very well. >> and that, ben, seems to be fiona hill's point, this is a moment of russia's choosing and almost a warning that we can't be reacting and the united states and our allies have to act. is that fair? >> it is definitely fair. i mean it is just the reality that vladimir putin is the one wh