euro is today. and people start realizing it. and obviously the, the incumbents are just trying to draw attention to something else, like energy as if there was an energy issue is bitcoin, which doesn't exist. yeah, we're going to get into that. now. of course, your background is an engineering. i noticed a lot of people who stay in big coin the longest have backgrounds in engineering. it's what there was, attracts them to this project. and so speaking about the engineering side of bitcoin, let's talk about the proof of work algorithm. so briefly described to the audience what it is and how important it is to big kline the glory of the protocol of bitcoin is designed to monetize energy and the economics search. it's about monetizing energy services. that is the cheapest possible energy, so it provides some kind of flow price for the energy because miners incentivized to go for the cheapest one. otherwise, i'll just not profitable compare to their competitors. so it's a global system. therefore, ther

s. fed and in the euro's own, it's double that. so you know, it's over 80 percent of g, the debt to g, d, p on the, on the balance sheet of the e. c. b. so they're piling on that debt for sure. and how it ever gets on wound a miss, an ongoing lockdown and cove and sort of cry. fisk, who knows? well, i think the hague is still up and running the court of human rights. i think this is christy and the guy who said it, when we finally do an accounting and understand that this was a massive fraud and the people were absolutely disenfranchised to benefit a few career criminals. all right, we're going to take a break and when we come back, much more coming your way the me ah, ah, look forward to talking to you all. that technology should work for people. a robot must obey the orders given by human beings, except when the shorter the conflict with the 1st law show your identification. we should be very careful about artificial intelligence. the point obviously is to great truck rather than fear take on various jobs with the artificial inte

and in the euro's own, it's double that. so you know, it's over 80 percent of g, the debt to g, d, p on the, on the balance sheet of the e. c. b. so they're piling on that debt for sure. and how it ever gets on wound a miss, an ongoing lockdown and cove and sort of cry. fisk, who knows? well, i think the hague is still up and running. court of human rights. i think this is christy and the guy that said it, when we finally do an accounting and understand that this was a massive fraud and people were absolutely disenfranchised to benefit a few career criminals. all right, we're going to take a break and when we come back, much more coming your way. the me ah. the pacific leg around the world expedition. 5000 miles round the clock of cobb. miss wilson in every country close by like the crew. gavin's food and water and food to chat for a little. i know i said it's got everybody locked down or no food and no one really getting them up. so somebody either stuck a species in the cove. it, you're living like the theme of own, but in

jonathan: euro-dollar, a break of $1.16. the weakest euro we have seen going back to july 2020. strongest dollar we have seen all year. what underpins that move? tom: i'm going to suggest i don't know. finally, what is underlining this quarter is how quiet this has been. jonathan: how well anchored is this move? how durable will it be? lisa: i'm going to provide a potential narrative at my absolute peril. i think it is fascinating to see you move up the stronger dollar, higher yields in the 10 year, and weaker equity performance . how much is this a quantitative easing unwind trade? this to me as one of the questions as we watch real yields rise to the highest since june. jonathan: equities risk off, bond yields higher usually positive for the u.s. dollar. luke kawa of ubs is going to weigh in on that, and then jordan rochester of new mora. on the s -- of new mora -- of nomura. on this be, up 0.4%. i know recency bias is a real thing, but it doesn't feel like that. it feels like something much bigger than that. euro-dollar, $1.1572. crude, $74.64 on wti. lisa: 7:00 a.m., we are

it all started as a precocious 19—year—old back in euro 2000 and 417 19—year—old back in euro 2000 andrenaldo add to his tally next week against azerbaijan bad news, he was booked for taking his top off and his band. england's cricketers have made another fine start in the fourth test against india. after winning the toss and putting india into bat, they were all out for 191. henry moran has been watching for us at the oval... henry, perfect day to win the toss and joe root�*s bowlers now they are 53 for three start maybe it was as below par as we thought? it’s maybe it was as below par as we thou . ht? �* , , maybe it was as below par as we thou:ht? h , ., ., , maybe it was as below par as we thou:ht? �*, , ., ., , ._ quite frankly as i looked down at the scorecard it seems barely believable that we've seen the amount of action that we have is a particularly at the way the ending started. we saw plus overs or so and pretty good control putting to bed but then those wicked started tumbling. look at the likes of the way they got out in such familiar ways in terms of what we seen so far

the loss to the state budget is huge and almost 300 million euros of unpaid taxes up in smoke. it is not just at the pandemic and a fallen wages driving this. the government has raised the tobacco tax by 12.5%. >> let's be clear, taxes are an instrument to limit the use of cigarettes, smokers also support our national budget. th provided this country with around 10.7 billion euros per year so let us together secure this source of income. don't produce and distribute illegal cigarettes. if you have done it, stop while you can before getting arrested. >> the aim of the government is to force the share of illegal cigarettes in the market below 3%, and ambitious target in a nation of avid smokers where cigarettes are the most consumed product after food. >> football news, the champion league stage continued. defeated in istanbul. -- doubling the lead before the break, the turkish side pulled one back late francisco montero. and the first team from old over to reach europe's dust from -- little trouble, 2-0. a teenage sensation has taken the tennis world by storm after winning her f

s. fed and in the euro zone it's double that. so you know, it's over 80 percent of g, the debt to g, d, p on the, on the balance sheet of the e. c. b. so they're piling on that debt for sure. and how it ever gets unwound a miss an ongoing lockdown, and coven, sort of cry fisk, who knows? well, i think the hague is still up and running. the court of human rights. i think this is christy, and the guy said it. when we finally do an accounting and understand that this was a massive fraud, and then people were absolutely disenfranchised to benefit a few career criminals. all right, we're going to take a break and when we come back, much more coming your way the me ah, the the me welcome back to the kaiser report. i'm at kaiser time now to turn to peer and was that he's the c e o and founder of pay me m been writing some brilliant stuff on energy and money, but 1st peer, let's do a little look back in history. here you were at the very 1st big point conference as we were actually, stacy took place in prague in 2011. you're a big coin o

he has promised 1.5 billion euros to help the city. he's promising greater security as well as a clampdown on drug crime. only last weekend, two men were shot dead in a drive-by shooting in the north of the city. >> we have spoken a lot about the urgent security situation. some would say too much because it is not new, but it should not become a habit. it describes the situation in marseille's neighborhoods. we must conduct a real hunt, a policy of harassing traffickers both here on the ground and all the way to the heads of the trafficking networks abroad. >> our team following president macron's visit. >> emmanuel macron spoke this evening about a series of emergencies here in marseille, a security emergency, a social emergency, and a health care emergency, outlining concrete measures about what the state can do and what the state intends to do to help. we already heard about 1.2 billion euros that will be pumped into 200 schools that will be renovated herin marseille. problems in schools have been linked to very serious drug-related

argue about this winter for euro e? , , ., argue about this winter for euroe? , , ., ., .,, europe? gas su -l europe? 0k, yes, from a gas supply point _ europe? 0k, yes, from a gas supply point of— europe? 0k, yes, from a gas supply point of view, - europe? 0k, yes, from a gas supply point of view, coming| supply point of view, coming into the winter with storage levels lower than usual, mainly off the back of last year with a cold snap and it carries some risk but we the uk production beginning to recover as me project come on stream and we have heard that the production from norway looks set to be boosted but the general feeling is supply could be tight if we experience a cold snap again. on the palliser, on the one 0n the palliser, on the one hand, nuclear availability will increase —— on the one hand, and with norway coming online, there is some relief there but on the other hand, demand will increase into winter, september is only two—thirds the level we will see in terms of peak in power. will see in terms of peak in ower. j, .., will see in terms of peak in ower. a, u, power.

so the workers went on strike for the 1000 euros. just to put it into context, these articles, my weight and shadow workers, go on flash strike, and france burn out or know is the, this man in the world as of this last year. worth a $189000000000.00. of course i was up and down, but importantly mo and shaun known as one of l v. m h as most valuable wine estates, producing approximately 30000000 bottles of champagne is here. l b m h, the parent company, i'm away down pairing. you move, click o and crude announced record profits for the 1st half of the year. earlier this year, the group recorded a revenue of 28700000000 euros, and the 1st half of 2021, a year on year increase of 56 percent compared to the same period and 2020 right kayla. unlike the poet, sippin, mo, it i remember from my days in the hood, now bernard are no, this is actually a multifaceted story because he is world richest man give or take on any given day . he recently bought tiffany's in america for as a gift from the european central bank, which is run by christine

you're a stronger, euro-dollar $1.18 -- euro stronger, euro-dollar $1.1837.n italy, the italian bond market is bid. yields lower by four or basis points to about 71 on the italian 10 year. so a rally on the periphery this morning. tom: very good. this is a joy. a lot of different opinions on the market today, but if you are an optimist or you are wondering what the optimist theme is, on a global basis, no one delivers that tone right now, that narrative, like jay p elosky with tpw investment management. thrilled to have you here. i want to cut to your analysis, were you talk about stellar earnings. is that discrete to america, or is that global stellar earnings? jay: it is global. we are probably in the early stages of a handoff to earnings driven markets, so it is important that earnings continue to deliver, and they have delivered not only in the u.s., but also in europe and japan. a little bit less so in emerging markets, but i think that is going to change as we move forward. i am looking for a synchronized global expansion as we exit 2021 and focus on 20

for example, in china and the euro zone.t may be possible that the fed makes a tapering decision in the december meeting, but it is no longer sure. they may postpone it to the first quarter. the fundamentals are clear. we have an inflation issue, we will have a tight labor market, and the problem of strong increases in real estate prices. timing wise, if not this year, early next year. tom: some of those things are the ingredients of stagflation. are we looking at stagflation in the u.s.? joerg: stagflation is a term invented in the 1970's when we had an inflation problem and many years of low growth. i do not expect this, but stagflation may be a good description regarding the fourth quarter because we are likely to see continued high inflation, and growth which will be lucky to slow down significantly. tom: where does this leave the dot plot for the fomc? 2023 are when the hikes are expected. will that change? joerg: this is difficult to say because since the last dot plot, the economic outlook has deteriorated. inflation

euro-dollar, a slightly stronger euro onion into this decision. euro-dollar, 118.32. lisa: compared to what we have seen over the past three days, it is pretty active. syria's volatility indeed. 7:45 a.m. eastern. i don't know how much this is going to tell us. the 8:30 press conference with christine lagarde that everyone is watching. they want to understand the taper. take a look at all of the assets on the ecb's balance sheet. more than 8 trillion euros. it is this push upward and the question is not when will it start going down, but when will it start flatlining and not going up as much? the same dilemma in the united states. in the u.s. from a we get the jobless claims. here is the mystery. this is not going to answer the mystery. yesterday, we got the jobs openings data. a record 10.9 million job openings. where are the workers? there are more job openings than available workers according to this data. it does not make sense and we are not getting any resolution for this. the degree that we see a decline in the jobless claims, great. does not answer this myster

this order represents an overall investment of 1 billion euros per year for the group.have maintained these investments despite the historic crisis we have been through. >> air france losses over 10 billion euros ove the last year-and-a-half with the french government bailing out the airline with the nearly 5 billion euro injection in capital and doubling the state's stake in the company to 30%. on the flip side, reductions with air france in terms of staff and fuel hungry aircraft in its fleet. now it's set to carry the airlines hopes forward entering service at the end of october with a flight from paris to berlin. >> that's all for now, mark. >> over already? >> sorry. >> i was enjoying that. great to see you, kate, as ever telling it like it is, the truth, the whole truth and nothing but, thank you. talking of which, across the studio, james, truth or fake? >> trying, mark. >> our daily fact checking segment. you're talking to us about a video that is circulating on social media, where else, i ask you, where else, the claim is that the events you're going to show us

it to euro-dollar. juckes over at socgen, maybe we don't see it for this cycle, for a whole generation. euro-dollar right now, $1.1830, positive a little more than 0.1%. we will hear from the ecb and get more about the pace of purchases. then there's going to be this compare and contrast between the ecb and the federal reserve. a taper at the ecb is not the same as a taper at the federal reserve. the ecb had this pandemic emergency purchase program alongside the asset purchase program. as a defined package, and envelope of 1.5 trillion euros, and loose calendar based guidance as well. it is worth bearing in mind that if you use the word taper, taper at the ecb is something very different to taper at the federal reserve. tom: we will have to see what she says at the press conference. jonathan: i can see you are so excited about it. [laughter] 8:30 eastern on bloomberg radio. have you had rest over the long weekend, tk? tom: finished the summer reading. jonathan: all right, cool. [laughter] oh, what it is

as well as a distinguish football career, euros - game. a distinguish football career, euros of the i game. as well as a distinguish i football career, euros of the ring champion in amputee snooker. what is plain by sports given you? it is champion in amputee snooker. what is plain by sports given you?— plain by sports given you? it is the belief to let _ plain by sports given you? it is the belief to let people _ plain by sports given you? it is the belief to let people with _ belief to let people with disabilities know that that no matter what your disability is, whether your ability levels are high or low, itjust gives that opportunity that awesome a with a disability to go out and play the sport they love. i'll been playing at snooker my whole life and football. european qualifying for the 2023 fifa women's world cup gets going this week, with all the home nations in action. england are preparing to face north macedonia at st mary's on friday. beth mead was left out of hege rise's lionesses squad earlier this year and overlooked for th

they're supposed to be given an annual bonus of a 1000 euros. and well, kind of like collaboration that were all in this together, right. this came because of the g liaison at the end of 2018. so 20192020. all the workers here who made less than 55000 years collected a bonus of a 1000 years. but mo, mo, a shot done this past year. for 2021 has decided not to pay this bonus though the workers went on strike for the 1000 euros. just to put it into context, these articles my way and shadow workers, go on flash strike, and france burnout. our know is the wealthiest man in the world as of this last year. worth a $189000000000.00? of course i was up and down, but importantly moe and shawn don't is one of l v. m h as most valuable wine estates, producing approximately 30000000 bottles of champagne is here. i'll be the parent company on my way down. perio ruefully co and crude announced record profits for the 1st half of the year. earlier this year, the group recorded a revenue of 28700000000 euros and the 1st half of 2021. a year on year increase of 56

yes, this is picking up aaain on the euro. yes, this is picking up again on the _ the euro.el crisis again saying that sterling has sunk to its lowest level in eight months yesterday because investors are ready worry that the fuel crisis will lead to a sharp slow—down in growth at the same time as a surge in inflation. and it is the same with the planning blight — panic buying of petrol, a symptom of the undermining of the recovery of the pandemic. it goes on to talk about these wider labour market shortages, these wider labour market shortages, the shortage of hgv drivers, staff and the hospitality industry, staff in care homes. apparently, shortages of poultry workers as well, which i hadn't registered that one. the road haulage association has said a 100,000 drivers are needed and that this offer of 5000 visas to foreign drivers, hgv drivers, is not going to sort this problem out. let’s drivers, hgv drivers, is not going to sort this problem out.- to sort this problem out. let's go on to the telegraph, _ to sort this problem out. let's go on to the telegraph, shall - to s

then there was of cost the euro, the asked and the failed measure to, to save the euro, which ended in disaster and a deep depression. and the european self and then division and of cause 3rd was c and controlled immigration policy and migration policy. 2015 and now it's a wrong approach. is cove itself, it really a disastrous record which may not be perceived in the one? yes. so it is easy to criticize, i suppose, like if you are in her shoes you differently than what would you have done differently to. 3 make germany continue to shine some more? yes, i would have done it very differently and i've said it over the years. again, i'm not a senior politician. i'm the head of the battle when you own the conservative grouping with the cdo because of the grouping, which is not an office. i mean, not a paid office, it's all an honorable office. and so we give our voices, but i am a mob. foremost, i'm a professor and writer and thinking, so we d, n a key energy policy, the change to green was completely wrong, although it's friendly right now. germany has the safest nuclear plants in the worl

then there was of cost the euro. this after the failed measure is to, to save the euro, which ended in disaster and in deep depression. and the european south and then division and of cause. 3rd was c. i'm controlled immigration policy and migration policy, 2015 and now it's a wrong approach is covered. so it really has a disastrous record which may not be perceived in the world. she'd never formulate the german positions she, i think she basically wants to, i'm going to disappear as a political union. and so do quite a few people in the ruling class of the governing class in germany. i mean, this is really a weird psychology. so i, i can find that he's been good in terms of her major decisions. i also got you covered for the elections for the weekend when those results come in the next day or 2. if you've got a next day to invest, you can forget priceless. our precious metals read gemstones, the smart money these days is going on non fundable tokens. you might have read about the f t 's. so if you ship it now, it's

that is nowjust really, for the home euros that is now just around the really, for the home euros thate corner. katie many thanks indeed. _ there are plenty of football stories around today. let's have a look at a few more. we may only be seven games into the new championship season, but nottingham forest are now looking for a new manager. chris hughton has been sacked afterjust 11 months in charge. forest are bottom of the league, with just one point from their first seven games, their worst start to a season for 108 years. the chelsea and england star reece james has appealed to fans to help find his playing medals after they were stolen on tuesday. james was involved in chelsea's game against zenit st petersburg in the champions league when he says thieves broke into his home and stole his champions league and super cup winners medals and his runners—up medalfrom euro 2020. england's men are up to third in fifa's world rankings, equalling their highest ever position since rankings were introduced in 1992. they made it to the final of the euros injuly and beat hungary and andorra in

because we did not get that, the euro-dollar and the euro has the blues.the recent bond dynamics very different from the fed and central-bank watching and has more to do with the sum of all the parts september and october. maria tadeo on the watch in berlin joins us right now. maria, what happens today in terms of forming coalitions? maria: the result was very tight and we are going to see both parties moving quickly to form a coalition. both of them say they have a mandate and they want to keep the momentum going. this is going to be a long negotiation, perhaps into next year. there was the impression that this was a messy election. with that, you have to almost take a step back and look at what is happening. you have two very simple parties that are pro-european but have a common agenda and any transition will always be difficult, especially after 16 years of angela merkel. we see the risk of the left-wing coalition will manifest and when you look at the details, both and spd and cdu coalition would not lead to a lot of change in the country. lisa: the m

daragh: i do like it against the euro. i think the contrast is there an policy direction, as you say pmi's this morning. supply-side issues there but weakening of demand. i think that's a good angle. to tom's point about steve majors, yields forecast, i thing that fits neatly with our grinding dollars trawler -- dollars stronger -- dollar stronger view. in fx at the moment where volatility is low, just come in every day, you get paid for doing nothing for holding the dollar against the euro. i don't think anything in the data we have had this morning on those pmi's suggest the euro personality is about to shift in any great way. jon: u.s. pmi's due later this morning at 945 time eastern time, euro-dollar 1.1722. thank you, daragh maher, there. interesting when i got home yesterday. credit where it is due. to the new york times and steve lease been at cnbc. to work off of each other and address a sensitive topic with the federal reserve. tom: we will stop the show right now because this is wicked important as they say in bo

talk a lot about the euro this morning. the euro is weaker, the dollar is stronger.llar, $1.1773, -0.4%. this show is flying by. tom: it is. jonathan: yeah right. heard on radio, seen on tv, this is bloomberg. ♪ ritika: with the first word news, i'm ritika gupta. it won't be all sightseeing for the first all civilian crew of a man space mission -- of a manned space mission. they will conduct some medical research during the three-day excursion. the passengers include tech billionaire jerry eiseman -- billionaire jared isaac meant. a new indo pacific ship with the u.s. on the u.k. -- australia adjoining a new indo pacific partnership with the u.s. and the u.k.. it allows australia to acquire new nuclear powered submarines. australia had agreed to buy as many as a dozen subs from the french. president biden and the u.s. military have defended calls that joint chiefs of staff chairman mark milley made to china in the waning months of the trumpet adminstration. a new book says the jet -- the trump administration. a new book says the general spoke with top officials twice

what a terrible week in the euros in russia says. so central russia, silent and lonely teenager, that's how former classmates have described the alleged attacker who shopped at 6 at the central russian university a couple of days ago. artes constantine rose coff next. that has been covering all this forest retraces the steps taken by the suspect on his killing spree in that city of per only it goes with the territory. suddenly some pictures coming up here you may find disturbing. nobody did now much of the money. so i'm good afternoon, we're journalist. can we go further? but you know that, well, i'm afraid we can go any further how the university has been cordoned off by the police. and as you can see, the investigation is still under way, but this is the exact road the perpetrator took while he was carrying out his vicious plan. and this is, by the way, the exec street, where he fired at a passing car as he was making his way towards the campus. ah, shortly after the gunman showed up at the university faculty building. and this is

then there was of cost the euro, the asked, and the failed measure to, to save the euro, which ended in disaster and the deep depression and the european self and in division and of cause. 3rd was c. i'm controlled immigration policy and migration policy. 2015 and now it's a wrong approach is covered. so it really has a disastrous record which may not be perceived in the world. she'd never formulated german positions. she come up, i think basically want to, i'm going to disappear as a political union and so do quite a few people in the ruling class of the governing class in germany. i mean, this is really a weird psychology. so i, as i can't find anything good in terms of a major decisions climate activist granted some work is just one of the thousands through a participated in demonstrations around the world. on friday, the teenager took part in the fridays for future protest in berlin. first of the year after they were derailed by cove in the march, of course come to day, the head of the german elections and as well leaders gather in new york to discuss what needs to be done to tac

many 24 euros blokes will be _ always on our minds.many 24 euros blokes will be in a _ always on our minds. many 24 euros blokes will be in a public _ always on our minds. many 24 euros blokes will be in a public friday - blokes will be in a public friday nights drinking a couple of pints. as an athlete can do you have to sacrifice some of that? if as an athlete can do you have to sacrifice some of that?— sacrifice some of that? if my coaches are _ sacrifice some of that? if my coaches are watching, - sacrifice some of that? if my coaches are watching, yes, | coaches are watching, yes, definitely, all the time. they're not listening — definitely, all the time. they're not listening to _ definitely, all the time. they're not listening to this. _ definitely, all the time. they're not listening to this. as - definitely, all the time. they're not listening to this. as a - definitely, all the time. they're j not listening to this. as a child, did you ever notice you were good at slip and slide?! did you ever notice you were good at slip and

euro is weaker. euro-dollar, 1.1760.om: in 12 minutes, this is important for all on global wall street. jonathan: then we will hear from the president at 1:45 eastern time. delivering remarks on leveling the playing field in our economy. tom: i have learned that submarines matter for a lot of reasons. one of them as they are really expensive to build. terry joins us. we are thrilled for you to join us after this agreement. we have the idea of the u.s. washington, london and -- joining together for subs. this is about general dynamics. my re--- my reading is they will be built in australia. how do you perceive u.s. sub burning technology will be built in queensland where the navy sits? >> that's a good question. i will not pretend to be totally familiar with australia's boatbuilding capabilities. they've got some. that was one of the first things i thought of which was they are talking about building this technology down there. my assumption is they will have to provide submarines sooner rather than later just to start th

euros more for the electricity that's adding to inflation repression in the euro zone. according to capital economics. since the beginning of the year, the rise of gas and electricity is that it half a percentage point to headline inflation. will some of the blame for the gas shortfall in europe has been put on wash up? it's sending less gas via its pipelines through ukraine. but russia could open its new, controversial nord stream to gas pipeline. the pipeline connecting russia to germany has been opposed by the united states, but german regulators have said it could take 4 months to certify the recently completed project. while to discuss all of this, let's bring in simone a talia pietro, a senior fellow at the brutal think tank where he research as you climate an energy policy. he joins us now via skype from rone. somebody good to have you with us. so what's behind this rise in gas prices then how much of this has to do with europe failing to philip? it's gas reserves. thank you. well, in europe today, find the perfect storm. as far as the nitro got market cert, what

the same move on euro-dollar. down a little bit more, a 10th of 1%. a weaker euro.s come in three basis points. erasing some of the move sprayed the move higher over the last couple of days. let's talk about the china story. mr. dalio in a bloomberg radar event saying it's a part of the world will neglect not only because of the opportunity provides but you lose the excitement if you're not there. damien, there's been some excitement in china that's for sure. let's talk about with happening in credit. >> we have to focus on the largest property manager in terms of debt outstanding in china and effectively downgraded to double see which puts it into almost default. you 13 million in cash on hand, -- have 13 million in cash on hand. they will be spending interest payments on bank loans that are due on the 21st of this month. effectively the default is in the works and that's not a good thing. we see the spill over in china credit specifically. all of those bonds trading at a significant discount in the case of one's own it some -- nowhere near ever ground which is tra

you can spend the night here for 10 euros, by far the cheapest accommodation in paris.cludes a hot shower... if you're lucky. - all right. who's taking the cold shower? - you. - me? - yeah. - me? - yeah. - oh, it's warm. showtime! - that was cold. all right, shut up and brush your teeth. let's go. this has been an amazing experience here at les grands voisins, the grand neighbours. these old hospital grounds converted by many, many passionate people into something quite spectacular. it's an amazing experience: in the heart of paris, in a densely populated neighbourhood, we're camping. but we have a long day ahead of us tomorrow, so it's time to say... (colville-andersen family) good night! (mikael colville-andersen) watch out. piste cyclable! ah. the river. what i want to do is try and get down to the river side where something really, really interesting is happening in paris. something visionary. i just have to figure out how we get down there. yeah. all right. wait. i seriously don't know how to get there. o.k. we're here. this is the georges pompidou expressway, one

to euro zone. within the context of concerns about the delta variant, about inflation, about the trajectory of growth. what's the process? what are you looking at doing to ensure that there's some strength around the portfolio. what are the hedges you might be assessing at this point. >> because of the lack of visibility on the economy, because of the fact that central banks are starting to make that turn and there's execution risk around that, then you have the delta variants which continues to lead to some volatility even though we have those positive underlying factors of continued growth and low rate, there is a likelihood of volatility. there is -- and that likelihood of volatility comes at the moment where we are expecting those equity returns to be still positive but somewhat slower than before. as you're seeing, therefore you need to make it more resilient. we look for quality and look for global diversify case, process as well and that's especially important because bonds and equity market

the block sloughing a big half a 1000000 euro penalty for every day. a coal mine near the check border continues to operate, but we also says it simply won't pay. the court of justice of the european union demands half a 1000000 daily fines from poland. for the fact that poland did not leave its citizens without energy and did not close the mines overnight. it is judicial robbery and slept in broad daylight. you will get assent while the find comes after 4 months of also ignoring orders, the whole, the tutor of coal mine, poland argues that closing the facility threatens the countries energy security and eliminates tens of thousands of jobs ah cruise . in the meantime, another trip to the c. lawmakers blaming moscow for the crisis, claiming gas problem is not pumping enough gas, but rushes energy produces says, let's go to the thing to do with it. and everything to do with a block letting stockpiles of the fuel run out on the kremlin spokesperson shipping in to adding that russia's huge north stream to gas pipeline to europe recently been, commission w

the vaccines are expected to top around 40 billion euros in 2021 alone. three researchers whose original research included counter vaccines are now being honored for developing a highly effective corona vaccine in record time. brent: let's take a look at some of the other headlines this hour. please have charged another suspect, who is believed to be a member of russia's military intelligence service. the european board of human rights is ruled that russia is responsible for the 2006 killing of a former spy who died while in exile after drinking tea laced with polonium, a radioactive substance. the board concluded that the attack was directed by russian authorities. hundreds of construction site workers have rioted in the austrian city of melbourne after the state government mandated covid-19 vaccines for all construction workers. construction sites have been shut down for two weeks now in response to the riot. canadian prime minister justin trudeau has come out victorious in a snap election that he called two years early. however, his liberal party did n

in the fx market, the euro doing something. 1.1781. president failing to persuade on a $3.5 trillion spending bill, but talks ongoing. tom: there is an article that really speaks to the tension of the moment. there are a lot of distractions. we are going to manage the message into next week on the infrastructure bill and your taxes moving higher. joe manchin tells biden to go you nowhere. my take is he is not that alone. >> she also is not comfortable with $3.5 trillion. we do not know what her number is but there is reporting she is keeping her own spreadsheets. there are back channels between house moderates between these two senators. potentially, they are going to coalesce on what they agree on to try to push something through. what they are saying is biden was unable to convince joe manchin of $3.5 trillion. this was not just a speech to the american people, it was to the president's own party. tom: you are so drinking the kool-aid talking about back channels. the back channels of three congresspeople, i am focused on murphy, but

up to over 20 million euros.there, and we always said battery technology, the electric supply trains is not an easy thing to handle. but we are now in our 10th year of developing this, and we are very confident that we can ramp up this market demand as quickly as possible. >> what about the sixth generation around 2025? what kind of improvements can customers expect then? >> the sixth generation will come with our new fully electric architecture. and i think the main thing is to extend the range to increased the energy and at the same time, reduce cost. >> you'll really focus on reusing materials for making new cars. but in the short term, medium term, where are your key worries on raw material imports for batteries? where do you think we might see the biggest bottlenecks? >> right, singularity is not only a collective argument, also an economic argument. what we see this year, the increase and raw material prices are on the rise. for various reasons, but it is an economic reality. so i think for ecological reaso

the dollar-euro is a clean break. 1.15 on the euro-dollar. tom: someone unimaginable for many. of the strengths of surveillance besides lisa abramowicz is farro. jon actually looked at the american political system with a twisted view. you have an observation. jonathan: and sometimes with confusion. for a lot of people looking and trying to figure out what is going on, it's difficult. help me and others understand the difference between avoiding a government shut and lifting the debt limit. >> for one, the debt limit is the much more serious issue. when you hear positive talk from the capitol saying we won't have a shut down, that is not the greatest news. it is good news to avoid a shut down, but to fund the government means to avoid a shut down. a shut down of the government means parts of the government would not continue to operate. there would be some government employees who would go home and not continue working, though many workers are essential so a lot of government programs would continue to operate. you see things like national parks shut down and that kind of thing

euro-dollar -0.2 percent. yields higher by a basis point to 1.5289%. 17 points higher on the s&p, positive 0.4%. tom: let's go to geoffrey yu with bny mellon. they are holistically bringing the limits paper of the dollar in. -- leave -- the litmus paper of the dollar in. german gdp, hardwired from world war ii, that is acceptable. geoff: listen to madame lagarde yesterday. she thought a phrase that i thought wouldn't be uttered, second round of sets from inflation. the euro zone, ecb is starting to worry about inflation becoming entrenched. the dollar, u.s. inflation, if they had turned out to to three more percent, you will get two the three moves higher as well. tom: when you take your lse dynamics away from the equity markets, for bny mellon clients, can you fold in and optimism towards u.s. equities, or is it such noise right now that you can do that? -- that you can't do that? sam: the optimism -- geoffrey: the optimism for u.s. is that the cpi-ppi gap is the lowest out of all the major markets right now.

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