an example, more than 80000000 euros, we have cases with the images that more than 100000000 euros with the crimes were committing 6 or 7 member states. and now having a p o on having immediate access to all the information we open to investigations that possible in future will be connected with the old 22 member states. so in this moment, our target these to investigate cross border criminality, an organized crimes groups. when you say organized crime groups, a lot of that money is been spent by organize criminal associations and this is fairly well documented in providing and getting giving bribes in order to receive protection from people like yourself. are you following the money higher up the chain or is it just commonality you're interested in? no, a for us is very important to follow. also the money to recover the damages because based on my previous experience, i saw that sometimes the criminal preferred to spend some time in prison instead to lose their money. so, but with the people now we have the possibility to launch strategic strikes against organized criminal groups. beca

euro-dollar, $1.1607, very much rain bound over the last days. and bonds, all you need to know, massive flattening. we are now at 98 basis under a 1% difference between the two-year and the 10 year. two-year year yield higher, 10 year yield lower, and futures up 14 this morning as well. i need to be briefed. so do you, lisa abramowicz. lisa: we have been talking about it all morning. the ecb will plan to deliver their rate decision. at 8:30, we get words from christine lagarde. how do central banks address inflation rates that have reached the highest going back to 2008, when in europe, it is met with a labor market that is weaker than here in the united states? at 8:30 am, we will get a read on what we are seeing in the united states. initial jobless claims expect it to come in at a new low of 188,000. how much does this give people confidence going into that first look at the q3 readings, the idea of gdp that was likely to slow? the expectation is it might slow much more than people think. the expectation is 2.6%. the atlanta fed gdp put out a

one r t and a 1000000 euros a day. that is the price. poland will have to pay for daring to defy the e u. the prox court of justice has flat warsaw with a penalty. and the ongoing dispute over a rule of law and freedom, or a possible 175 year prison sentence. julianna's sanchez, fate rests in the hands of the you case high court as an extradition appeal hearing to the us for the whistleblower starts to day in london. also in the program. a chilling warning from the united nations which says that situation in afghan hassan is so diet, that half the countries entire population could face acute malnutrition at vist winter. in the program we hear from the organization. the really big board di, terrifying trinitarian crisis. well, even today we're talking about 19000000 people who are, as we say, can be insecure. that means the experiencing hunger on a daily basis. ah, my 3 pm on wednesday afternoon here at moscow. this is our t international very will welcome to you today. we do begin this hour with some breaking news alon

one billion euros in emergency aid is on its way to afghanisn. leaders made the announcement at the g20 summit as afghans face an unfolding humanitarian disaster. preliminary results from sunday's elections in iraq put populist cleric moqtada al-sadr in the leader position, delivering a blow to sheer militants back by iran. and it is called france 2030, usually ambitious plan to reshape the french economy by turning to green technology. emmanuel macron is making it a centerpiece ahead of next year's presidential election. your watching "live from paris." ♪ hi, everyone. thanks for joining us. the european union has cleared the way for afghanistan to receive more than e billion euros in emergency aid. the announcement came during a virtual meeting of the g20 hosted by italian prime minister mario draghi. the summit was focused on the humanitarian disaster unfolding in ahanistan following the taliban takeover about two months ago. e.u. leaders said the money is needed for the country to oid a catastrophe. >> this humanitarian situation in afghanist

operating profit, 2.9 billion euros. it comes to adjusted net profit, 1.4 billion above the estimate of 1.0. the big focuses on the value of renewables unit to be ipo'd. we will look for guidance around capital expenditure and energy transition as we edged towards cop 26. let's get to the nordic oil and gas company, lundin energy has reported third-quarter results. we are joined by the ceo, nick walker. numbers coming in higher than estimated. omv work cautioning the market the higher gas prices was leading to demand disruption. do you see higher energy prices leading to demand disruption? nick: no, we have had a great quarter on the back of great operating results, and strong prices. that has allowed us to deliver great financials. the outlook for businesses this morning, we are increasing our dividends for 2021, a 20% increase over 2020 levels. i think that demonstrates the quality of the business and our commitment to returns. we have had a great quarter this quarter. anna: what do you expect to see in energy prices f

slightly weaker euro and euro-dollar negative.rude back with an 82 handle down about $.90 on the data. we are negative. tom: what do you make of the real yield coming in? we have a lesser negative number , make it .93. jonathan: it's more than inflation move from reels to breakevens, it's gone through domestic to global. we will catch up later on that this morning. this is the warm-up. tom: i will be in the surveillance map. this is importance. i'm keeping track of the voting these people in the last election and i'm really starting to look at redistricting with a major shot at a political report that's beginning to percolate. rick scott of florida won with 50.06% of the vote, he barely one and that colors every comment he makes. joining us -- is president biden talking to democrats and republicans who won with 50.06% of the vote? >> he's really talking to democrats. he had two big meetings to really try and bridge this divide of both wings of his party, progressives and the conservative, more moderate to the party to push through

we are talking around 120-100 30 million euros could stop coming in.eporter: the volcano response committee has confirmed the islands air quality has worsened since the first direction on the 19th of september. the changing weather conditions and volcanic ash have a forced the airport closed on thursday. so far, more than 6000 residents have been evacuated and more than 600 he lost their homes. the spanish prime minister has declared the island a disaster zone, pledging 206 million euros in financial a to rebuild what has been lost due to volcanic activity. anchor: it is time for a look at some of the days business news. you are starting with the oecd today. the countries have agreed to a landmark global tax deal. what do we know about that? cole: yes, pakistan, sri lanka, kenya and nigeria are the only holdouts bid it sets a new global minimum corporate tax rate at 15%, this after ireland finally back to the court, agreeing to lift its current rate from 12.5%. that is a big reason why it is the european home of some tech giants like google. the update

euro-dollar slightly stronger euro, 1.16 -- 1.1597. was down by almost 1.6% thereabouts. now negative just 0.6%. the team at bloomberg doing a lot to get -- publishing happening on the south side, turning negative on european equities in the stoxx 600, cutting from neutral. they are shifting from a goldilocks to an anti-goldilocks scenario, that's been the discussion this morning. if those notes are piling up, this sounds like a capitulation. what do you want to do with that? just what it feels like. tom: they relaunched for the fourth quarter and we will sear -- we will see what happens on that in november. ira jersey with us, bloomberg intelligence chief strategist and football prognosticator. what do you glean from the spread market and which spread matters? ira: i'm right now looking at the five year versus the 30 year curve, because the five-year will give us hints as to the path and case and timing of when the federal reserve will start hiking, because they will probably hike at some point, but a lot of uncertainty about when and

i have a colleague who's training has cost him 12000 euros. the military used to train many drivers who could use their skills in their professional life, but that's not the case anymore. and as her, as well as the training, there are also paul working conditions, especially in the long haul transportation. my colleagues don't want to be away from home for weeks. these days you can end up spending 14 days away from home, and many young people don't want to spend that long on the road for lately we've seen a lot of drivers coming from outside the u. they get paid between $4600.00 euros, and only the daily allowance makes the job attractive enough to take it. now to solve this problem, i think there should be more regulation of the industry. for example, the minimum wage should be based on the drivers country of origin. this law the russian foreign ministry has filed a counter request to the global chemical weapons watchdog. this after the united states and 44 other countries, submitted a list of questions to the o. p. c. w, demanding moscow. gi

[000:00:00;00] hold up at lives with us, our live on our teeth, a 1000000 euros a day. that is the price of poland will have to pay for daring to defy the e u. after the countries constitutional court stated that polish law. trump's european law freedom or a possible 175 year prison sentence. julian salinger's fate rests in the hands of the you. case high court as an extradition appeal hearing to america for the whistleblower starts in london today. and a chilling warning from the united nation is, which says, the situation in afghanistan is so dire that half of the country's entire population could face starvation. we hear from the organization a really big board b tariff, orange material crisis where we, even today we're talking about 19000000 people who are, as we say, company foods, care of that means the experiencing hunger on a daily basis. ah, i just talked to a 5 pm here in moscow and a full docket for you today here on the program. this is our t international. but along the simmering rule of law, a dispute between the e. u and poland has taken another time. the

of some common ground headlines, serenity international, a 1000000 euros a day. that is the price of poland will have to pay for daring to defy the e u. the blocks court of justice, a slap warsaw with a penalty. the ongoing dispute over the rule of law, freedom or a possible 175 year prison sentence. julian sanchez, fate now rests in the hands of the u. k. high court as an extradition appeal hearing to america for the whistleblower stotts today in london. also in the program of chile warning from the united nations. now saying the situation in afghanistan is so bad that a half the country's population could face acute malnutrition. this when we're here from the organization to really pay for deep territories material crisis. well, even today we're talking about 90000000 people. well, as we say it can be fin secured, that means the experiencing hunger on a daily basis. ah, quite locker most go, this is auntie international. very well. welcome to you. a busy day so far for this channel. we do begin this, our was in breaking news for you regarding a long simmering r

a month, 100 euro hand—outs to allow them to buy more fuel.a symbol of what has changed. the election�*s coming, you need votes and you need to keep the gilets jaunes off the streets. of course we want to keep the gilets jaunes off the street. and, of course, we are drawing the lessons from the political crises that we lived in 2018 and 2019. and i think it's politics. in politics, you have to take into account... politics, not principle. ..the reality, but principles... politics, not principles. principles, because we have decided to introduce a compensation for some people which are facing difficulties in their daily life. but we refused the solution that you just mentioned, which would be to reduce the level of taxation on fossil energies. it would have been a solution of facility. it was exactly the solution that was proposed by all the oppositions. they were asking, "well, you have to reduce the level of taxation." we refused this solution just because it would have been a total contradiction with our policy for the fight against climate

jonathan: euro-dollar from her -- euro-dollar firmer. crude, $78.85 now. your equity market treading water going into this one. lisa: this is really the question. how much does it take to change the needle in equity markets, and bond markets? 8:00 a.m., september payrolls. the expectation is for 500,000. bloomberg economics estimates above where ellen zentner is. the question is, how much does this move the needle for the unemployment rate? how much does this move the needle for participation, and how much does this move spec for fed policy? 10:00 a.m., labor secretary marty walsh speaking with our very own jonathan ferro. he's going to be speaking about what to expect with how sticky wage pressures are, how to create a virtual wage increase spiral because it takes more than one, two, three years of increases in wages before we get that. at 11:30 am, we hear from president biden, busy on absolutely everything right now. he wants to talk about how great the labor market is, but that it still needs work. he will try to push forward his agenda and give us a s

happened in greece and southern euro e? ~ ., happened in greece and southern euroe?the fires _ europe? what became clear to me reporting on the fires is _ europe? what became clear to me reporting on the fires is that - reporting on the fires is that already the climate crisis is hitting very hard all over the world come in local places and that the response, the reaction is local. when you talk to people in this place is they don't say is the climate crisis commits climate change they go, the government let us down. there weren't enough things. the fire to promote wasn't competent. there's this local response which comes way before an understanding of the global situation. and so we have to, it's that old slogan, think globally, act locally. that old slogan, think globally, act locall . , ., , , that old slogan, think globally, act locall . , . , , ., , locally. henry, iwas 'ust really interested * locally. henry, iwas 'ust really interested in h locally. henry, iwas 'ust really interested in the _ locally. henry, iwasjust really interested in the point - locally. h

or10 talking about1 billion euros or 10 billion euros, you are talking about 60, 70 billion euros.he production of semiconductors, you need to put 50 billion euros on the table just to build new plants for the production of chips, which means that between china and the us, once again, there is one single place left and i think it will be for europe. bruno le maire referred to staff shortages there. let's stay with that issue because the uk government is offering hundreds of emergency visas for butchers to come to the uk. industry leaders say brexit and the pandemic have led to an exodus of east european workers from the meat processing industry. and they've warned that staff shortages mean healthy pigs are having to be destroyed rather than processed for food. farmers kate moore and vicky scott have been speaking to the bbc�*s danny savage. there were some tense moments waiting for details of today's announcement about assisting pig farmers. it announcement about assisting pig farmers— pig farmers. it is making me feel a bit _ pig farmers. it is making me feel a bit sick, _ pig far

you can buy a sigd copy for 60 euros.nd lamolde has said this is playing with fire because it is calling into question not only his credibility but that of visa at port lamage whh is a worldwide thing. the organizers were angry initially saying they hoarded the betrayal. they came to terms with that and have understood it is an important conversation but they wish they were not but of the joke. -- the butt of the joke. anchor: truth or fake, i can say it. we will take a quick rake. there is more coming up. please stay with us-. ♪ >> so dense west quarter family is sitting on one of the country's largest oil reserves. chinese sudanese corporation in massive oil drilling and production have caused an unprecedented humanitarian crisis. >> people drink from these containers used in oil production. >> there is a record number of illnesses. newborns with malformations and disabilities. >> the chinese knew what was going on and other than negative impact people were saying. >> the rare investigation into the dark side of sudan's

we will see where the euro and the pound is going. plenty of things to think about. this is bloomberg. ♪ >> i think there are good arguments that a lot of what we be -- a but allete we see today is temporary in nature but also because it's lasting more from we know that some of the supply chain will fix in a year or so stop that should turn to something that is a bit stronger in terms of second-round effects. guy: the central bank governor speaking earlier this morning. we are joined by the cio and we are now actively pricing the fact that the fed will be raising rates next year in the market is bringing that or were stop the bank of england is possibly pricing a rate hike this year. inflation is starting to get sticky in a number of different areas and we are starting to see evidence that is beginning to impact the euro zone as well stop the market is starting to think about the puzzle till it's he just the possibility of pricing and ecb rate hikes. >> i believe the ecb have been not very clear on the inflationary message. i think there were underlying factors beyon

the eu debut green bond issuance producing record demand. 135 billion euros worth of orders.ill rising energy prices knock the sustainability target off course? we will talk about that throughout this hour. u.k. brexit minister lord frost has been speaking within the last few minutes, indicating that he things do northern ireland protocol is broken. he thinks that we now need -- -- prepared to risk a trade war with the eu. global supply chain bottlenecks and a surge in inner gate -- in energy costs hits expectations very hard. european equity markets off their lows, but still negative. we are seeing a little bit of a fade on crude today, but basically, markets are kind of in a holding pattern, though it doesn't feel like it as we await tomorrow's cpi data. we've got a lot coming up from the fed, and we've obviously got retail sales coming out friday. alix: let's talk about inflation for a second. the federal reserve bank of new york survey just came out, and really interesting reads on inflation. american household expectation for inflation when you're out rose to five point

the eu top court has ordered poland to pay one million euros a day.uropean court of juste found warsaw failed to heed a european commission ruling that demanded changes to some of poland's judicial reforms. coming up next, our show "the day." we will speak to a polish member of european parliament about the showdown between brussels and warsaw, and some analysis on the tensions between taiwan and the u.s. stay tuned. ♪ [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] ♪ ♪ reality on france 24.n ♪ >> welcome to world news and analysis. these are the headlines. france threatens to disrupt power supply to the u.k. over fishing licenses. france is accusing the u.k. of remaking the brexit agreement pledge. handing it all back, artifacts on show for the last time in paris for being shipped back to the state they were taken from over a century ago. brazil's president could face

with the euro area and japan-— to, again with the euro area and japan. to, again with the euro areae on this line that _ and japan. give us your take on this line that the _ and japan. give us your take on this line that the imf _ and japan. give us your take on this line that the imf has - and japan. give us your take on this line that the imf has gone | this line that the imf has gone with for some time, that vaccine in polity will actually cause global growth to be stalled. that that needs to be addressed. that rich nations such as the us, uk and others need to stick their commitment of rolling out vaccines to those countries that haven't got supplies. i those countries that haven't got suaplies-_ those countries that haven't not su lies. . , ., got supplies. i mean, they have absolutely _ got supplies. i mean, they have absolutely got _ got supplies. i mean, they have absolutely got a _ got supplies. i mean, they have absolutely got a point. - got supplies. i mean, they have absolutely got a point. the - absolutely got a point. the proof is in the data. if you look at vaccinatio

there's your dollar strength against the euro. euro-dollar, $1.1541, -0.5%.you've got linear moves in fixed income, but you do not have linear moves in commodities. these have acceleration higher as well. there's been a lot of good work on this over the weekend. i think bloomberg asia has done very good work summing up what is going on. i know an lng conference is going on right now in japan, and that is all the talk. this is not just about europe. it is about prices higher in asia. jonathan: the broader fear right now is that higher prices will hurt growth, and every time people start to see higher prices somewhere, anywhere, energy in crude, net -- crude, not gas, that worry starts to get a little more fuel. tom: there is the deadline and the debt thing, the infrastructure and that. emily wilkins out of michigan, who knows a gallon of gas really works in kalamazoo. emily wilkins joins us, bloomberg government reporter. i love the peace in "the washington post" three months ago where he talks about the politics of a rising gallon of gas. the republicans will

euro boosted out. i'm all boosted _ this winter. euro boosted out.s winter. euro boosted out. i'm all boosted up. on _ this winter. euro boosted out. i'm all boosted up. on the _ this winter. euro boosted out. i'm all boosted up. on the world - this winter. euro boosted out. i'm all boosted up. on the world this| all boosted up. on the world this weekend there giving third rooster jabs to the over �*50s and other vulnerable groups. today labour added a cause for some doctors groups for its cause plan b in england. wider mask wearing faxing passport and more working from home. the chancellor said there was no immediate need for that. although the winter was _ immediate need for that. although the winter was always _ immediate need for that. although the winter was always good - immediate need for that. although the winter was always good to - immediate need for that. although the winter was always good to be l the winter was always good to be challenging through a combination of different factors, the booster roll—out should give us the protection we

these have the potential to put euro-dollar in particular. tom: i want to talk about a philosophy that's been out there for years. there's a lot of latin phrases thrown around. all you need to know is it's basically a tone of after-the-fact. today and frankly all the others , they've all got to operate after-the-fact. the bank of japan proved you cannot get out front. >> i do think what makes the situation difficult for the global central banks is it's not just inflation going up but the uncertainty is really much higher. it's really that uncertainty striving central banks to try and be a little bit preemptive old corrections print a lot of the developments have already taken place. by their own standards after bring forward their options to tighten policy. at least two have the opportunity. does that have to be followed through with? i would say it's more likely than not but far from certain. tom: thank you so much. thrilled to say greg peters will join us. bill emailed to get him in. he will be with us in a bit. it is absolutely extraordina

a 206 million euro _ erupting from higher up. a 206 million euro relief— erupting from higher up.ro relief package wasj million euro relief package was announced in early october. on saturday the prime minister announced aid for the island's employment, agriculture and fishing sectors would be fast tracked. �* ,, �* �* tracked. translation: don't . ive tracked. translation: don't cive u- tracked. translation: don't give up hepe- _ tracked. translation: don't give up hope. the _ tracked. translation: don't give up hope. the solidarity i tracked. translation: don't| give up hope. the solidarity of the spaniards is here on the island of la palma. the spanish government is here, and we will be here every single day of this crisis, and every day once the eruption is over. the spanish government will be here. b, spanish government will be here. �* , ., spanish government will be here. �* , ., here. a sentiment to cling to foreian here. a sentiment to cling to foreign island _ here. a sentiment to cling to foreign island at _ here. a sentiment to cling to foreign island at the - here. a

i think euro-sterling is looking interesting.he german election result would have driven it further if it had been pro conservative. right now, the set up for the u.k. is very sensitive. i am ok with a proportion area normalization move. what is the harm in waiting until the winter months are over and we can get demand recovery around february or even may? to price an entire cycle, i think the market is getting ahead of itself. guy: you could make an argument the bank of england should be going the opposite direction. that is something the bank should be potentially leaning in on. taxes are likely to rise. is there a possibility the bank has to do a 180? geoff: precisely. the reason i thought euro-sterling would outperform it will be difficult for the banks to hike into fiscal tightening for all the things we listed. tax increases amongst other things as well so that was already difficult. if they do things early and compound the situation, household cash flow will face serious restraints the next six month or so. if you hike int

then there is the support in the euro area coming up.hat is also what the ecb is in with the new announcement of a potential new instrument. dani: let's get into that. talking about another bond buying program once the pandemic support program eases out. is it enough support to offer up to the markets right now to help prevent any sort of economic shocks following the end of that pandemic emergency support? >> we don't know enough about the details to really say whether it will be enough. but we are happy about it. we do see the euro zone is much more fragile. much more than the u.s., for example. although what we see from the data, the transaction data we have on our own, it seems there will not be a cliff edge, in terms of bankruptcies from the ending of support. it is harder to say in southern european countries. dani: in your thoughts before the show, you wrote about how inflation has peaked in the u.s., not so in europe. how much further does inflation have to run in europe? what are the factors that feed into that view? >> one thin

you know, we should bonds 4 to 4200000000 euros. so it doesn't make sense to blackmail us because we have our own funds, our own financial lessons. but there's a u r. i this is purely a political issue and there are so many issues that hungering the you have crashed on in the past, whether it be media, freedom, rule of law, judiciary. you've got article 7 procedure even against you. now let's just explain article 7 proceedings. potentially the sanctions could include having your voting rights and paul and the withdrawn. but, you know, the you, this is a very, very slow convoluted process. is that the advantage you have, you know, that the processes take so long, they're never going to go and, you know, we had the different initiative. we have asked the presidency to go and vote finally. because all questions were raised. all answers are given. we know the motivation of the questions, we know the answers that we've been, no new things popping up. so we have as the former presidency, portugal you know, to go on a vote and close this w

there are the universal values as well, but why should i list them euro very, or smart people? absolutely. you know, all of the actually used to, based on all these universal values more wish it builds ashley, sam, is that something that would become a matter of our collective work? you know, frazzled. thank you so very musical sir. said the other could get there isn't to be a modern capitalism.

in euro-dollar -- in foreign-exchange coming euro-dollar $1.1556. we add $0.15 to the price of wti. this is bloomberg. leigh-ann: with the first word news, and leigh-ann gerrans. it is up to the house to avert the immediate threat of a catastrophic default today. lawmakers are scheduled to vote on a increase to the government's borrowing limit. it is good for less than two months, when congress faces an even bigger showdown over debt and spending. oil has held above $80 today. west texas intermediate futures were little changed. there are expectations that a power crisis from asia to europe will lift demand, and that opec+ alliance could add to the upward price pressure. chief scientific officer of johnson & johnson is retiring. they have taken on some of the world's most imposing infectious disease challenges, including the coronavirus. he is leaving at the end of the year. the announcement comes less than two months after j&j's longtime ceo alex gorsky said he will leave on january 3. the coach of the las vegas raiders has quit. he steps down hour

the finish bank announces a 2 billion euros share buyback program.ng me now is the president and ceo frank vang-jensen. a third quarter be. you said that you've also looked to deliver a new set of financial targets and business plan as well. i'm sure you can't give us the specifics yet. you are working on updating those. and you give us a flavor of what that update might bring? frank: good morning. yeah. we have get again delivered a strong quarter. that's why we are now updating our business plan and our financial targets. the third of february next year. let's come back to the details in three months. dani: fair enough. you've also yesterday announced a share buyback program of about 2 billion euros and a second want to come as well. how do you reese -- see returning cash to shareholders at a time when central bank regulators are allowing this but many are voicing caution saying, the worst of the pandemic is not over. frank: yeah. we are strongly capitalized. we are having a very large buffer to our requirement. this month, we have paid the remaini

euro-dollar unchanged.ck, they are developing a covid-19 antiviral pill that reduces the risk of hospitalization or death by 50% in an interim analysis of a late stage trial. some decent news. tom: i'm lost. let's go to an adult. andrew pekosz joins us. let me cut to the chase. when i see a scientific statistic that is 50/50 i'm not going to die from a pill, i'm not sure that's science. what is the efficacious nature of any form of medicine where i get a 50% outcome? andrew: it can be incredibly important, particularly thinking about populations that are vulnerable and may have a high likelihood of having disease. that's where antivirals really start. they are another tool in the arsenal to fight back severe covid-19. taking it early -- and this is the critical thing -- you have to identify this early and targeting antivirals to vulnerable populations makes a lot of sense if you are over 65 and have a medical condition that predisposes you to severe covid-19. if you get that positive covid-19 test, you want

the euro area economy grew 2.2% in the third quarter.rancis finance minister is looking at supply chain disrupted. he spoke to bloomberg from rome. >> we can address the issue and find concrete solutions to these bottlenecks. john: global news 24 hours a day , powered by 2700 journalists and analysts in more than one hunt in 20 countries, this is bloomberg. francine? francine: thank you so much. it's interesting to hear from the french finance minister. you look at what's been achieved at the g20 level ahead of cop 26 on a climate change, not that much. we are waiting for big countries to come out with their plans ahead of glasgow. if you can't agree on climate change, i don't know what your can do with the supply chain issues. alix: without china, how do you make any progress on climate change at all? it doesn't really hold a lot of water if china and india are not a larger part of that conversation. francine: one hunt percent. president biden is set to hold a meeting with the french president at the g20 in rome. it's the first meeting

opens books on the daily sale of euro green bonds.eresting as we heard from the chinese earlier about their renowable energy plans. [enter] clearly this is going to be something of a sea. thank you for spending the hour. sal mckenzie takes us through the market open. this is bloomberg. 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. anna: welcome back to the european market open. i'm anna edwards live in london with tom mackenzie. tom: the cash trade is just less than an hour away. here are your headlines. the global energy crisis sends oil surging. above $80 per barrel for the first time since 2014. the power price crunch raises fears of elevated inflation. asia stocks and global

the proposed law would offer two hundred 50 euros a month to people aged 18 to 34 for rent. separate legislation would seek to cap rent hikes. most spaniards tend to leave home at about 30 years old. the eu average is 26. eu member states are trying to switch to renewable energy sources. in germany, authorities have set a target of 25% by 2030. a key component of the strategy is a massive solar power law. >> 30 kilometers north of berlin lies germany's biggest sola power part. 460,000 solar panels stretching over 200 hectares and which are expected to produce enough green energy to save 130 thousand tons of co2 each year. >> the performance here is around 130 five gigawatts. that's enough to provide electricity to 50,000 households. >> the park as part of germany's push to reduce greenhouse emissions and transition to renewable energy. when german company says it has invested around 100 million euros in the project, which only took a year to complete. the massive undertaking in the country not known for its sunshine, and especially in berlin where the sun sets at or clock p.

euro-dollar, $1.1628. $82.14 on wti.on the vix shows the good number of days we have had. dan ives is going to join us. this is going to be an important interview on apple, amazon, and the rest of them. david wilson has a courage to look at cheerios. cheerios is trading at a 16 multiple. if you don't know what that means, all you need to know is cheerios are wicked cheap. david: they are not so cheery, put it that way. or you could look at procter & gamble and say the company and its peer group have been pounded and grounded. we are talking relative terms here. when you look at the s&p 500 consumer staples index, you are talking about the lowest index value relative to the s&p 500 since january 2001. so we are not quite back to the lows that we saw in the dotcom years, but we are moving in that direction. eng talking about costs being even higher than they anticipated because of what is happening to commodities and freight. tom: within the research you read, are they a value trap? david: that becomes the question. you ar

euro-dollar which -- euro-dollar , negative 0.5%. 488,000 is your median estimate for payrolls.ow, a friend of this program, thomas costin in at zero. tom: we will see if we get market reaction. as mike mckee says, a nice surprise on adp. this is a joy. she is what we try to do in america. i'm not going to mince words. she started out challenged, overcame dyslexia, was picking up a phone at a real estate company and said, wait a minute, i can do this. this is the only voice i want to talk to on the insanity of real estate right now. barbara corcoran, you know her from "shark tank." she joins us now. i need to talk to you about the pricing of housing in america. i just looked up at corcoran group, and i will pay $44,000 on taxes on a piece in brooklyn. how have we done this? how have we priced america out of real estate? barbara: most people are priced out of the market, you are exactly right. the market has been going absolutely bonkers with no end in sight. prices have gone up 18%. i have never seen an increase like that in the last 30 years. no one could believe what is going

jonathan: heavily weighted to the euro. the highest since september 2020. that is a week euro. tom: we are pulling an all-nighter. a xiaomi from boston -- a gentle move from boston joins us after a wonderful victory. joe biden needs a victory badly. he is adjusting for 3.5 trillion to whatever he can get. what is the whatever he can get. >> that is a great question. they will tell you not to pay attention to the top line number, of course, and an interesting column by paul kane and the washington post. i thought i would be quoting oil can boyd, but he is decoding the memo, and a lot of people are looking past the line from the memo that was leaked from mansion to schumer. 1.5 trillion -- but it also said in boldfaced print, stop quantitative easing at the federal reserve. what is that about? joe manchin has been pretty concerned about inflation, and there is a question. he knows that congress cannot affect what the fed is doing. quantitative easing is an out. if i can't make good on it, i am in no. they're are great questions about where mansion is on this. never mind the nucle

while you were out, you missed it surpassing 100 euros. 125 euros. i feel like there is no end in sight for the gas prices surging. mark: i'm so excited that we are still talking about gas prices. i thought that this would be the big story. european markets this year. it was not just about inflation that plays into that. it was not just about covid, about china. for europe, it is about gas prices and they continue to go crazy. another fresh record in gas prices and the terrible factory orders out of germany. i think it will be a tough session out of europe. dani: i'm glad you are here for that emotional support to get us through that open. that's go ahead and turn to asia and hong kong where carrie lam has outlined plans to deal with the financial hub while delivering her annual policy address. for more on those plans and carrie lam's address, we are joined by stephen in hong kong. what are some of the big takeaways for you? stephen: housing, housing, and housing. since the handover firm britain, home -- from britain, they tried to tackle and equitie

the crowd disorder overshadowed england's first ever euros final.competition behind closed doors, costing it millions in lost ticket revenue, along with a fine of £85,000 for a lack of order and discipline. the fa said... with an estimated quarter of a million people having descended on wembley for the match, both the fa and police have blamed each other for the mayhem that ensued. hugely embarrassing. it could have resulted in fatality, it could have resulted in serious injury. there may well have been a situation where emergency services could not have been got into wembley if they needed to, which is why i really urge and hope that both the police and the fa will change this culture of defensiveness and denial and actually have a transparent and honest conversation about how to fix things for the future. the transformation of wembley and the development surrounding it has made policing matches more of a challenge. then there's stewarding, with many fans able to get inside the euros final via a disabled entrance. graham and his son tim, who uses a

the euro area economy continues to recover strongly, although it a more moderate pace.g energy prices, the recovery and demand, and supply bottlenecks are personally -- are currently pushing up in inflation. inflation will take longer to decline than previously expected. we expect this to ease in the course of next year. we continue to first see inflation -- foresee inflation in the medium-term. our policy measures including revised forward guidance on the key interest rates are crucial to helping the economy shift to a sustained recovery and, ultimately, to bringing inflation over the medium-term to our target. we are now ready to take your questions, thank you. >> thank you, president -- president lagarde, the first one . the floor is yours, please. >> president lagarde, thank you for taking my questions, can you hear me? i was wondering because everyone was anticipating that this meeting was about inflation, so what have you been discussing and was there at least a slight different assessments of the nature of inflation given that it is at a 13 year high, and the sec

the euro-dollar, one hunt 15.68. wti crude, staring down 80. lisa: i would love to talk about that, the u.s. reversed their call to release emergency reserves. you saw the prices climb up. what is going to be the breaking point? today, we are focusing on the september payrolls report. 500,000 is the estimate. you have bloomberg estimates coming up with 550,000. this is moving the markets. you already see the two year yield at the highest level going back to march 2020. how does the fed parse out and start tapering. can they do that? the labor secretary joins us on bloomberg television. wages stay high at a time when wages are increasing at an increasing pace. how does he dovetail the strength we are seeing? tom: i would ask the former mayor of boston with the red sox are doing. lisa: i'm sure the interviewer will take a lot of time talking about the red sox. joe biden is going to discuss the jobs report from the white house. how much will he talk about the debt ceiling, kicking the can down the road. are we creating a serious problem for oursel

today it is at an all-time high of over 120 euros, up nearly 400% since january.his is for the dutch european benchmark for natural gas. among the factors at play here -- reduced domestic production, restrictions on natural gas from russia, and stronger demand for energy, both ieurope and in asia, where economies are trying to shift away from coal. high energy prices were at the top of the agenda for e.u. finance ministers. the european commission is looking into complaints that russia is fanning the price surges, abusing its position as the world's top supply of natural gas. members appear unable to agree on a top strategy to protect consumers. governments offering piecemeal measures like energy checks. the finance minister france, greece, romania and the czech republic in a joint statement outlined things cluding gas purchases across the bloc, reforming the wholesale electricity market, reducing reliance on exporters like russia, and cartooning the e.u.'s emissions trading system which encourages countries to shift to low carbon activities within what it describ