and they got that with the euro. so yeah, to that extent, if you so think about the motivation why every country joined, the you and all of them had something to do to wind from the adjustment to their to the euro hasn't been easy for all countries that i think is important. countries in the south found it a lot more difficult to adopt, simply because their economies are a lot more inflexible. i, but i think even countries in the south have found the stability of the year to been an upright success at survived to decades. and they've got through various crises, but there is another one on the way as the are as and recovers from the pandemic. how well set is the euro to get through that? i think you'll see that a european architecture, which is absolutely essential for a good a connection. i mean, and for sustaining shocks or sustaining crisis has been going, has been moving in the right direction. compare the reaction, how europe dealt with the financial crisis and of what speed and to the reaction of the you in the

and they got that with the euro. so yeah, to that extent, if use of think about the motivation why every country joined, the you and all of them had something to do to win from the adjustment to the, to the euro. hasn't been easy for all countries that i think is important. countries in the south founded a lot more difficult to adopt, simply because their economies are a lot more inflexible. but i think even countries in the south have found the stability of the year to been an upright success. it survived 2 decades and they've got through various crises, but there is another one on the way as the are as and recovers from the pandemic. how well set is the euro to get through that? i think you'll see that a european architecture, which is absolutely essential for a good a connection. i mean, and for sustaining shocks or sustaining crisis has been going, has been moving in the right direction. compare the reaction, how europe dealt with the financial crisis and of what speed and to the reaction of the you in the curren

the euro made its debut 2 decades ago. this weekend of the monitor union it's cemented, has led to prosperity, but also an ongoing argument about budgeting, economies, and even fairness across europe's diverse economies. a symbol of hope and prosperity for all of europe. smiles and cheers in front of the european central bank in frankfort, or new year's eve. the night before, 12 countries swapped out their old bank notes for the freshly minted europe. since then, europeans can travel within the eurozone without the hassle of exchanging currencies. companies also profited as trade within the monetary union sharply increased. now on the eve of 2022 more than 340000000 people in 19 e. u. countries used to come in currency every day. at its introduction, one euro cost $1.00 us dollar and 7 cents in 2008. it reach its old time high of almost one us dollar and 60 cents just before the start of the global financial crisis. that was also the 1st real test for the euro. critic said the massive bailout packages needed to save the ec

and they got that with the euro. so yeah, to that extent, if use of think about the motivation why every country joined, the you and all of them had something to do to win from the adjustment to the, to the euro. hasn't been easy for all countries that i think is important. countries in the south founded a lot more difficult to adopt, simply because their economies are a lot more inflexible. i but i think even countries in the south, i found the stability of the year to been an upright success. it survived 2 decades, and they've got through various crises. but there is another one on the way as the, or is recovers from the pandemic. how well set is the euro to get through that? i think you'll see that a european architecture, which is absolutely essential for a good a connection. i mean, for sustaining shocks or sustaining crisis has been going, has been moving in the right direction. compare the reaction, how europe dealt with the financial crisis and of what speed and to the reaction of the you in the current crisi

the euro survive the financial crisis. to day, a tough new test. the corona pandemic locked downs have placed a heavy burden on the national budgets of the euro countries. in 2020 they took on joined that for the 1st time ever. critics of the euro say this move makes financially weaker countries a burden on those which stronger economies and many others, however, still see the euro as the best opportunity for the european union countries to grow even closer. or let's go to james sweeney in new york. hello, james, that piece really pointing out the strong role of central banks and safeguarding a currency that something that we're seeing now, again, with a pandemic, both in europe and in the u. s. however, in this case, the central bank seem to be diverging. the fed is tightening, as prices rise, the e c b says it's holding on. what did these diverging policies tells about these pandemic economies as we had into the new year? it's funny because this is kind of playing out like a movie trailer, you know, you got 2 different banks, 2 different regions,

and they got that with the euro. so yeah, to that extent, if use of think about the motivation why every country joined, the you and all of them had something to do to win from the adjustment to there to the euro. hasn't been easy for all countries that i think is important. countries in the south founded a lot more difficult to adopt, simply because their economies are a lot more inflexible. i but i think even countries in the south, i found the stability of the year to been an upright success. it survived 2 decades, and it's got through various crises. but there is another one on the way as the, or is recovers from the pandemic. how well set is the euro to get through that? i think you'll see that a european architecture, which is absolutely essential for a good a connection. i mean, for sustaining shocks or sustaining crisis has been going, has been moving in the right direction. compare the reaction, how europe dealt with the financial crisis and of what speed and to the reaction of the you in the current crisis

the pandemic is what the, pressing the euro zone threatening growth. and that in order to ensure recovery and exits the e. c. b needs to maintain both flexibility and as well as optionality, while making this a step by step process and that one mass of full exit. well, in the other corner you have in the red, white, and blue trunks. the federal reserve, jerome power, leading the charge being definitive, saying the u. s. will end all of its bond buying by march, accelerate. the time table for interest rate increases. inflation may be at a 31 year high, but the us is heading towards strong growth and full employment. and now who's with me? it's so different in terms of their approach total opposites. and the truth is what these different approaches are doing. they're setting the stage for a very choppy 2022 with the fed determine the end as the purchase of dispatch as possible hydrates as soon as possible. well, the e, c, b is more hesitant to ship. so decisively, in that direction, step by step, not a full on rush. all right, james sweeney calling him o

for example, one euro. they play the same number, for example, if a small village a little black, so that 2000 small tickets in a village of 10000 people and a game away 9000000 euro. so that tells a lot about the kind of a lottery that we're talking about here. just all of the fund. one is not a very big price is for me. euro's compared to all the larger is that the gave away bigger prices. but the fact is that a lot of the smaller prices are $40000.00 euros. and basically a lot of people, every spiny at least get a little bit of not money, but at least a little bit of joy. when they see around that somebody got something in the group, larry. the joy was spoiled a bit though. i wasn't aware that lottery vendors going on strike today, but the drill still went ahead. what were they looking for these lottery vendors? well, other vendors, they get a small commission for each tickets that they sell and these commission hasn't gone up for more than 17 years. and basically they are getting $0.80 for each ticket t

ah, ah, 20 years of the euro as the euro is own marks 2 decades since it's radical, new common currency started filling up wallets, who discussed whether it's been a monetary marvel or financial flaw. yours 1st home grown battery facility has begun production. we'll look at what sweden's new north folk giga factory means that the continent with energy prices still soaring across the world, will look back on a year of power struggles. fossil fuel fights. this is day to be a business on robots in berlin. welcome to the program, 19 countries, one currency, and now europe is marking 20 years of the euro. it's been a rollercoaster, a couple of decades for the single currency. for some, the audio has been a stabilizing factor for the continent. others say it's just driven up prices as we wait to see what the future holds for the euro. as 1st, take a look at the past. a symbol of hope and prosperity for all of europe. the 6 story high euro sculpture in front of the european central bank in frankfort . it was germany's way of celebrating the introduction of the euro as legal tender since then,

for example, one euro. they play the same number, for example, you more. busy village a little black, so that 2000 small tickets in a village of 10000 people and they gave away 9000000 euro. so that tells a lot about the kind of a luxury that we're talking about here just on the fund. one is not a very big price is for me. euro's compared to all the larger is that they gave way bigger prices. but in fact, if a lot of the smaller prices are $40000.00 euros, and basically a lot of people, every spiny at least get a little bit of money, but at least a little bit of joy. when they see around that somebody got something in the group luxury or the joy was spoiled or event is going on strike it today. but the drill still went ahead. what were they looking for? the lottery vendors? well, other vendors, they get a small commission for h t kits that they sell at these commission hasn't gone up for more than 17 years. and basically they are getting $0.80 for each ticket that they sell. they believe that they are not getting a fair share regarding that they are on the

how well set is the euro to get through that? i think you'll see that a european architecture, which is absolutely essential for a good a collection. i mean, for sustaining shocks or sustaining crisis has been going, has been moving in the right direction. compare the reaction, how europe dealt with the financial crisis and of what speed. and to the reaction of the you in the current crisis, the pandemic crisis in 2020. and at what speed, you'll see that both of the unity of europe as well as the speed of reaction, have greatly improved. there is a thing as serialization, appreciation of the fact that a united europe can really, whether the storm so much faster. there are we important discussions in 2022 when it comes to record textural issues. i'm thinking mostly of the fiscal path that can really help increase the resilience of the continent. and i think there is enough understanding that important steps for what need to happen. okay, maria demetrius from brewer. thank you very much for joining us on date of your business. next

euros by then. i see stuff us with that by yahoo! shots half price each $1000000.00. what will eat? it seems like we may well be in the midst of a food revolution. one of the biggest winners would of course be the climate, but animal welfare and our own health would benefit from a change in diet to the world health organization want in 2015, that processed meat and ret meeks could be linked to certain kansas. but what about these meet substitutes? are they really healthier? but he did come on these in these and i've not even those on the whole these products have a lot of benefits. yeah. studies have shown that red meat is quite problematic, and it appears to be linked to a higher risk of colorectal cancer, especially from eat, a lot of it in general. and you need to pay attention to the ingredients used in these alternative products. sometimes they use quite a few attics. as stabilizers amal, safire's, flavorings sometimes even flavor enhance. sold as hell. is he a whole man? lines fan august max l

the euro made its debut 2 decades ago. this weekend of the monitor union it's cemented, has led to prosperity, but also an ongoing argument about budgeting economies, and even fairness across europe's diverse economies. ah, a symbol of hope and prosperity for all of europe. smiles and cheers in front of the repeal central bank in frankfort on new year's eve. the night before, 12 countries swapped out their old banknotes for the freshly minted europe. since then, europeans can travel within the eurozone without the hassle of exchanging currencies. companies also profited as trade within the monetary union sharply increased. now on the eve of 2022 more than 340000000 people in 19 e. u countries is to come in currency every day. at its introduction, one euro cost $1.00 us dollar and 7 cents in 2008. it reach, it's all time high of almost one us dollar and 60 cents just before the start of the global financial crisis. that was also the 1st real test for the euro. critic said the massive bailout packages needed to save the econ

a 4000000 euros is paid out to everyone with the winning number. there are also lots of small prices with a total of almost 2 and a half 1000000000 euros paid out every year. oh. 2 2 didn't they think me piano but in that yard? so i mean oh. c 86148 bits years winning number and go to the as the top prize is known, was sung by 2 people from madrid. daniel defense of school, as tradition dictates across the city. the celebrations quickly got under way of madrid's a torture train station. spain's busiest rail hub. the majority of the winning tickets were sold by this lottery center. o. e winnable. if it's a very widely distributed number, i'm pretty sure people from all over spain of board. and i think it's everywhere that about the lucy does into you from the region of kentoria on the north coast. and under lucy, undecided all the way to the canary islands. off the african coast and order those sparked celebrations by the lucky winners. and what does it feel like to win one of the many they prizes. i don't know what he might haven't processed it yet

well, hey, every is funny or this friends around 60 euros. a great mass lottery, and that tells a lot about how popular the luxury in the country they spend 3000000000 euros the lottery, but basically what they do is they biology because they share them with family and friends. so it's basically what you need to celebrate something to gather most of the people, for example, a give them a lot of people, for example, take their tickets and divide it in a different participation. for example, neighbors associations or a sell them, for example, one euro. they play the same number and for example if it's more. busy of a, 2000 and more to get in a village of 10000 people and a game away, 9000000 euros. and that tells a lot about the kind of a lottery that we're talking about here just on the board of the fund. one is not a very big price is for me. euro's compared to all the larger is that they gave way bigger prices. but in fact, if a lot of the smaller prices are 40000 euros, and basically a lot of people, every spiny at least get a little bit of

the euro made its debut 2 decades ago. this weekend on the monitor union, it's cemented, has led to prosperity, but also an ongoing argument about budgeting, economies, and even fairness across europe's diverse economies. a symbol of hope and prosperity for all of europe. smiles and cheers in front of the european central bank in frankfort on new year's eve. the night before, 12 countries swapped out their old bank notes for the freshly minted europe. since then, europeans can travel within the eurozone without the hassle of exchanging currencies. companies also profited as trade within the monetary union sharply increased. now on the eve of 2022 more than 340000000 people in 1900 e u. countries used to come in currency every day. as its introduction, one euro cost $1.00 us dollar and 7 cents in 2008. it reach its all time high of almost one us dollar and 60 cents just before the start of the global financial crisis. that was also the 1st real test for the euro. critic said the massive bailout packages needed to save the e

juliette: manus: what does -- manus: what does that duty euro? someone said 109 on the euro. you? jane: well, it's part of the puzzle of bringing dollar strings together with euro weakness. we have had that trend lower in euro-dollar. our forecast was 112 which we suddenly hit just a few weeks ago. i didn't change the forecast at that point. it was just too fast and too furious. i'm glad that we've seen a few pullbacks, a. of consolidation. as we move into early next year, there's a chance that we will see 110. as we move into the second half of the year, i'm not sure that the dollar can carry on going further. 110 has to be within our sites now. i'm not sure if we can go beyond that. manus: jane, good to hear that there's a floor for the euro. were to be done for 2022. i want you to come back with a bullish call. thank you so much for being with us. we will see you on the other side. her calls at 110 on the euro against the dollar. thank you very much. the european leaders are meeting in brussels and they will be with their counterparts from eastern europe including ukraine.

we land at 20 billion euros in october and we keep it open and we will maintain it at 20 billion eurosuch time when we arrive at our target, which is 2% over the medium-term. given the uncertainty, we also wanted to have as much flexibility and as much optionality available, hence the reason on the account of pap we have decided to extend the reinvestment period, at least by one year. we have also decided to keep it open ended. we are driven by data. we will be reviewing next march, as we receive updated projections, we will reassess. as it says clearly in the statement, we will adjust in either direction depending on the data we receive. suffice to indicate that under the present circumstances, it is very unlikely that we will raise interest rates in the year 20 to 22. we have to be very attentive to what data tells us. even more so when we get projections that are ecb projections. to come back to your question about the impact of omicron, we are venturing in the realm of uncertainty. it will have impact. in the first place we should knowledge that our economies have become more resil

dollar-yen, euro-yen.s of the divergence trade and i started talking about king dollar, is the biggest divergence of them all into the euro? it is costing you the most to hedge today, tonight, in the past 24 hours, as the u.s. election. is that going to be the biggest divergence trade for you? dominic: it is definitely one of our highest conviction views in terms of euro-dollar heading lower. i think the scale of that move is probably going to run out of steam at some point, relatively soon, if all of this fed pricing does get pulled forward more aggressively. when you look at both sides of the coin, the fed is more hawkish, that is very positive, but what we found in the past, once the fed starts hiking, it can actually start to slow the pace of those dollar gains. on the euro side, we don't think they are going to do anything anytime soon, but they will be edging closer to that. i think we will get to a pivot where the ecb is turning a bit more hawkish or certainly less dovish. it hasn't gotten to that p

relative to the euro.differential is huge, and that is causing people to make compare and says -- make comparisons between now and 2015. i don't think we are there yet. certainly, stability is very important to the pboc, and they will do every thing they can to maintain that. what we saw overnight, allowing banks to hold more foreign currency reserves, they are doing every thing they can to try to weaken the yuan in the face of what is happening here. the rrr cut going to go a long way. but we are in the early stages of that in lieu of the defaults by evergrande and kaisa . mark: i think that is an interesting point because it is your kind of global macro covid backdrop, which is all about capital flows, all about current account dynamics. one of the things that is interesting is china has not been able to recycle all of the ethics flows coming into its country. you have the trade surplus building up because manufacturing is booming, because of the reopening and one country versus the lack of demand or lac

kailey: of course, we saw euro-dollar at $1.13. there's a very different five between the inflation picture and what is happening in europe, where the ecb still stands by the fact that it is transitory. jordan rochester, the fx strategist from nomura, sees something that is not music to matt miller's ears. they be he sees us going up to 5000 by year end next year, but he sees a correction along the way. i guess the question is when will that happen and what will the catalyst the. on a more micro level, we will talk tech with dan ives of wedbush. then of course, we still have questions as to who is going to sit in those three remaining fed seats. will we get them from the biden administration? maybe not this week, but david could dock of cover land advisors -- david co. talk -- david kotok of cumberland advisors has some thoughts. jonathan: tesla up by about 1.65%. elon musk close to closing out that 10 percent stake he wanted to close things out. matt: we are looking at a market cap of over $1 trillion now, so he has been able to r

. ~ , ., , euro. will use money we picked up — euro. we will use money we picked up in _ euro. we will use money we picked up in belgium - euro. we will use money we picked up in belgium today, j euro. we will use money we - picked up in belgium today, and then we will be in france with then we will be in france with the same money. it's got to be the same money. it's got to be the way to go. george harrison is recovering in hospital after being stabbed at his— in hospital after being stabbed at his 0xfordshire home. a 33—year—old man has been interviewed by police on suspicion of attempted murder. ithihk_ suspicion of attempted murder. i think it — suspicion of attempted murder. i think it was good. just suspicion of attempted murder. i think it was good.— i think it was good. just good? know, fantastic. _ i think it was good. just good? know, fantastic. that's - i think it was good. just good? know, fantastic. that's better! this is bbc news. the latest headlines: tributes pour in for archbishop des

and the bill's going to be around $5000.00 euros. but that comes with the time wasting and inconvenient set commercial airport both ends plus the risk of infection from other passengers. while in a private jet, there's the chance to prepare for that important conference or business meeting while on route. worldwide, the number of business jet flights in november 2021 was almost 60 percent up from the same time in 20. 20 chatted. yet operators are struggling to keep up with the demand as is implemented as really look at the moment. it's very hard because of a pandemic to get aeroplanes as an aircraft operator, as in a line in the business of aviation, we have to realize that the market is empty. secondhand aeroplanes are just not available. and even new orders take 2 or 3 years at the moment. other moment. so far, the major source of growth has been in the united states. but since the appearance of the omicron strain of the corona virus demand in europe is really taking off 2021 has been blighted by all manner of supply shortages. and

that gives a total of $7500.00 euros. so i the same 5 people business class and the bill's going to be around $5000.00 euros. but that comes with the time wasting and inconvenience at commercial airports both ends plus the risk of infection from other passengers. while in a private jet there's the chance to prepare for that important conference or business meeting while on route. worldwide, the number of business jet flights in november 2021 was almost 60 percent up from the same time in 20. 20 chatted yet, operate as a struggling to keep up with the demand as his momentous, as really look at the moment. it's very hard because of a pandemic to get aeroplanes as an aircraft operator as an a line in the business of aviation. we have to realize that the market is empty. secondhand aeroplanes are just not available, and even new orders take 2 or 3 years at the moment. a moment. so far, the major source of growth has been in the united states. but since the appearance of the on the chron strain of the corona virus demand in eu

guy: you will invest around 5 billion euros in storage. more storage, is that better storage? where are those euros going in terms of how you will use them? marco: we will be investing in more gas storage and better storage, that is the storage of the future. this will help smooth out the tension. what is critical as europe builds increased storage capacity in china does the same so we stop having these high energy rises that have an adverse effect on the whole energy transition. alix: talk about what you mentioned of having natural gas storage converted to hydrogen storage? what does that do? marco: we store gas and depleted gas fields. they empty themselves. we put gas there in the summer and take it out in the winter. massive caverns underground. we have demonstrated and announced this monday that we tested pure hydrogen storage in the gas fields, which means the cost of the transition has suddenly come down for everyone, as we have demonstrated we can use these massive fields for the future of energy, which is hydrogen storage. guy: ca

what result will that have on the euro?ha: what we have to bear in mind is, while the central banks are moving to take their foot off of the gas pedal and move towards tighter policy, ultimately what matters -- some things are short-term. when we think about the pace that the ecb is moving relative to the fed, it will still be purchasing bonds through the course of next year. the fed may be lifting rates several times next year. to that extent, the widening rate between europe and the u.s.. they should put downward pressure on the euro. dani: if you want to be short the euro, what is the pear you want to have on the other side of the trade? parisha: we particularly like high risk with euro. we have a confident outlook on growth and inflation through the course of next year. the trade will be short euro sterling. when we look at valuation, the pair looks richer. the current models would suggest that the value is around 85 level. we have a more cyclical diversions between the two economies. we think that justifies euro sterli

that gives a total of $7500.00 euros. so i the same 5 people in business class. and the bill's going to be around $5000.00 euros, but that comes with the time wasting and inconvenience at commercial airports both ends plus the risk of infection from other passengers. while in a private jet, there's the chance to prepare for that important conference or business meeting while on route. worldwide, the number of business jet flights in november 2021 was almost 60 percent up from the same time in 20. 20 chatted. yet. operators are struggling to keep up with the demand as is implemented as really look at the moment. it's very hard because of a pandemic to get aeroplanes as an aircraft operator. as an airline in the business of aviation, we have to realize that the market is empty. secondhand aeroplanes are just not available, and even new orders take 2 or 3 years at the moment. a moment. so far, the major source of growth has been in the united states. but since the appearance of the omicron strain of the corona virus demand in europe is really taking off. meanwhile,

that would strengthen the euro.n: away from the euro -- we will get back to that later this week -- how much hike can we see before it becomes tightening? morgan stanley wade that a few minutes ago. give us an idea of the level of how much hiking there would need to be to see a tightening of financial conditions. steven: that is the toughest call there is, understanding why long-term interest rates are as low as they are. even when the economy seems to be picking up. it is possible we have injected so much liquidity into the market that the market fears even a modest degree of tightening would end up creating a financial event. the long-term real interest rate level has been marked down. there is evidence that could sustain high real interest rates that we have not seen in a while but we are reluctant to think the fed can go that far. plus, the u.s. economy is it straight now because people are working for -- looking for work, they lost their benefits, they are looking to get picked up. the time we get to the middle

the euro-dollar negative again, down 0.2%. the euro-dollar 1.1267.lisa: the notes for why we have seen such a persistent dollar strength in fascinating. we will talk about that throughout the show. 8:30 am, we will get a big number. we have been talking about it all week. the u.s. cpi print. consumer prices expected to rise 6.8%, rising at the fastest pace since 1982. the key question is how much is this basically a lagging indicator at a time when we did see oil prices come down? we have seen some of the froth around the edges get baked out of the market, frankly out of the economy as well. if you take a look at some of the underlying gauges, for example how quickly the price of used cars are going up, there was a that, then they re-accelerated. they are the most expensive or rising at the fastest pace in data going backward -- going back decades. at 9:45 a.m., the southwest airlines chair and ceo as well as incoming ceo plan to join our own jonathan ferro. very interesting to see that their main challenge is hiring. this is an ongoing issue for a l

or in the euro zone is still very weak.nnual rates of growth in the corporate sector are really in the low single-digit rates. it is almost like doing we are well on our way to re-normalize out of the pandemic and return to the low-growth, low-inflation world we have had. taylor: peter yi, marilyn watson, and collin martin still with us. given the divergence in the euro area, what other opportunities are you finding in credit? marilyn: in credit options in particular we have switched more of our holdings to european investor great credit, for example. we like names where we have seen slight widening and we have allocated more money there. we are for duration in terms of germany as well, particular given that the ecb this week, they are more on a slightly hawkish tilt. going from a slightly steeper yield curve and higher yield as well. unicredit market overall, w--in the credit market overall, we see better valuations in the euro zone. taylor: i want to talk about high-yield a little bit. bradley rogoff of barclays has seen

it's the federal from south law have just received a grant of $15000.00 euros from the foundation with a most of that will pay a new part time member of staff 20 hours a week. and the rest will go on materials printing costs. got a demos, video production for campaign video. yours all the money's been assigned already. and it'll help us to a limited extent for half a year going. and that's great. yeah, but no more than that. i mean it's time for stephanie, but i am on to get ready for the pre election talk show she arrives in good time to have her makeup done, but doesn't have any special makeup requests. yeah, i don't usually where any make up the most i do is get my eyelashes tinted once a year or whatever. it's her 2nd appearance on live tv. oh, my uncle's assistant, essentially this is about me trying to get a message across your mother was looking because it's just not acceptable that way . the only ones with the advantages and not those who aren't rich, we can't carry on like this, but i mean, there are 1500000 millionaires in germany. 40 have come out in support of tax me now. s

it is the first shot - knockout at euro 2020. and the reign of portu . al knockout at euro 2020.out at euro 2020. and the reign of portugal as european champions i knockout at euro 2020. and the reign of portugal as european champions isj of portugal as european champions is over. .. . of portugal as european champions is over. ., , . ~ of portugal as european champions is over. .,, . ~ ., over. has defined the back of the net. the world _ over. has defined the back of the net. the world champions, - over. has defined the back of the i net. the world champions, france, are home! — net. the world champions, france, are home! it�*s net. the world champions, france, are home! 3 ., net. the world champions, france, are home!— are home! it's not the final, it “ust are home! it's not the final, it just feels _ are home! it's not the final, it just feels that _ are home! it's not the final, it just feels that way. _ are home! it's not the final, it just feels that way. in - are home! it's not the final, it just feels that way. in comesl are home! it's not the final, it i just feels that

the euro higher as well.ginal but the sense seems to be that just of the margins relative to expectations the ecb was relatively hawkish. energy stocks higher. crude upcrude up 1.49%. what else do we do if we are done cutting? >> the central banks said they are done so we have to believe them. the central bank has a much credibility. alix: sarcasm from damian sassower. damian: there one of only two emerging markets are cutting rates. the lira is now a 5.7%. that is 52% down your to date. -- year to date. erdogan said they would be raising the minimum wage by 50% next year. in dollar terms that means 40% of the workforce in turkey will be getting paid $275 per year, up from $186 on a dollar adjusted basis. it was as high as $380. you could expect to see the 11% unemployment rate in turkey going from here because employers are not going to pay that. it is bad news ahead, it is bad for the economy. erdogan is doing everything he possibly can to right the ship ahead of the june 2023 elections , when his power wil

the euro is weaker against the dollar by about 0.2%.ar $.13 is the handle we are looking at. the u.s. tenure at 1.47%. -- the u.s. 10 year is at 1.47%. guy, very poignant conversation you had with the novavax ceo earlier this week about when we would get efficacy data against the omicron variant for its vaccine. that stock is up about two point 3%. analysts say it looks pretty good. guy: that was what we were hanging on for. stan erck didn't have that data at the point we had our conversation, so really key to see that coming through. this is a vaccine that is a more traditional vaccine rather than the messenger rna vaccines we have seen from moderna and pfizer. maybe this vaccine will encourage some people to go out and take the vaccine for the first time. maybe this will eat away at some of that vaccine hesitancy. certainly that is the hope. kailey: in order to get the boosters that provide the most protection, you have to get the initial shots first. novavax is in positive territory, as are some other stocks across the tribal complex

the euro group meets with the risks of the new variant looming.ll specter ireland's -- we will speak to ireland's finance minister. we will speak to a campaign codirector this hour. let's check in on the markets. we are seeing gains across the boards, but we started 0.8% higher. now it is 0.6% higher. the focus is on some of the technology companies in china, what the further crackdown means for investor appetite overall, and we keep an eye on inflation with the rate of change for some monetary policy. let's check into some of the groups moving the most. this is across the board what we are looking at. if you look at the groups on the upside, a lot of the focus will be not only on the airlines. dani burger was bringing us some of the biggest movers. iag was right up there. but you can see energy, some travel and leisure gaining after the huge selloff we saw last week. this is as we try to understand omicron and the implications of that. ministers from the euro group, an informal body that informs policy, our meeting in brussels. that is taking pla

and i just, you know, 20 years ago the euro was brought into circulation. we investigate how the euro can benefit from having an official currency be part of the street and going out social media community as sierra leone to recovery from civil war continues. we moved to decades since the end of one of africa's most brutal complex, the bottom line. steve clemens dives headlong into the u. s. issues that shape the rest of the world. as we enter the 3rd year cove it 19, we go back to whoo hm. where it all began and investigate how far we've come, since the pandemic stuff, january or not just about. ah omicron, being more times miss abbey circulating at the same time as delta is leading to a soon army of cases. the pan that make takes a dangerous turn in countries around the well pushing health systems to the brink of collapse. ah, hello, i money inside this is out. is there a lie from die? ha, also coming up british socialite, delane maxwell is found guilty of.

for about 10 euros. they'll strong arm the tenants or throw them out. almost lose my chair. and some night when i did is up in maryville, who is one of our landra crushing a bit on some on all incentives of them was bitten and was written up i myself have written on paper. looks is here you have to be done so than to who graduated. so to have that gosh, you must be tough so that they both soon see that a good job, elijah sunday, the bolivia, the had been tougher you out of there will you become. 6 6 agnes mu have visa has been living here in maternity for 18 years. now when you quit on other causes, i came to the slum of my tare, so my children could go to school. or there's no work for me right now. i used to get by and dain labor to pay the school fees on workers. the corona virus made things a lot harder, but there are no jobs any more in the class. i don't have money for food or rent. everything's become much harder because there hardly any chance is left to earn money. you know, which i sometimes i'm so stressed i get sick one old her plight is a common one here. life i

the euro not doing much.ve seen some dollar strength this year, bringing the euro down to one point 13. i noticed earlier the dollar buys ¥115. even without much movement today, still a relatively high level, the greenback against the euro, against the yen, against other currencies. the interesting thing is that nymex crude continues to move down, now off almost 2% at $75.53 a barrel. we have seen it come off, although still, nymex and brent crude are hovering near their one-month highs. let's talk about geopolitics right now. daniel tannebaum, and have financial crime leader at oliver wyman -- anti-financial crime leader at oliver wyman, joins us not only on the call between president biden and president putin yesterday, but also the issues russia has with the west as it amasses troops on the border with ukraine allegedly. how do you think the call went to could get off? daniel: it was a perfect call for both sides. realistically, i think both putin and biden got their messages in where both sides can declar

and the bill's going to be around $5000.00 euros. but that comes with the time wasting and inconvenient said commercial it for its both ends. plus the risk of infection from other passengers. while in a private jet there's the chance to prepare for that important conference or business meeting while on route world wide. the number of business jet flights in november 2021 was almost 60 percent up from the same time in 20. 20 chatted. yet operators are struggling to keep up with the demand as is the momentous, as really looking at the moment. it's very hard because of a pandemic to get aeroplanes as an aircraft operator, as in a line in the business of aviation, we have to realize that the market is empty. secondhand aeroplanes are just not available. and even new orders take 2 or 3 years at the moment have a moment. so far the major source of growth has been in the united states. but since the appearance of the only chron strain of the corona virus demand in europe is really taking off 2021 has been blighted by all manner of supply sh

buying the yen versus the euro is interesting. could see support for the yen given different drivers across the currency space. dani: georgina, so great to have you on this morning and get your thoughts. for gina taylor, fund manager at invesco asset management. we are still looking at futures moving higher in the u.s. by nearly 1%. the mx and p index moving higher by 1%. oil rebounding as well. wti up by 3%. this was just entering a bear market, so it is remarkable to see this turnaround, but it is clear this is a market that continues to have jitters. is this a market where we want to buy the dip, or are we going to start to sell these rallies? it is a debate that will continue to unfold. ming up, we are going to have s&p level ratings, which has released their outlook for 2020 two, covering everything from inflation to growth to china. we are going to dive into the details. ♪ mom, hurry! our show's gonna start soon! i promised i wouldn't miss the show and mommy always keeps her promises. oh, no! seriously? hmm! it's not the sam

euro strengthening versus the dollar by under 1/10 of 1%. breaking news crossing the bloomberg terminal right now. looks like the u.k. regulator has approved pfizer's covid pill . the u.k. medicine and health care product regulatory agency said it was found to be safe and effective at reducing the risk of hospitalization and death in people with mild-to-moderate covid-19 infections who are at increased risk of developing severe disease. more news out of pfizer yesterday, we got a story from "the new york times" that the fda approved the pfizer booster shot for use in kids ages 12 to 15. now the u.k. regulator is coming out with an approval of the pfizer covid pill. that will be clearly a highly debated issue, who gets those first, where can you get your hands on them? i'm sure they will be sold out and difficult to obtain. we will continue to cover all that covid news. not completely disconnected, the economy. jay bryson joins us. thanks for coming on the program on this new year's day. what kind of effects are you expecting the pandemic to

i think the conviction in the euro area is higher than in the u.s. or u.k. we see more sticky inflation picture related to wage growth and is subdued in the euro area relative to the other regions. on the growth front it is true that we see downside risks from the virus and we have cut our forecast over the winter but we think the underlying drivers are firm and in favor of a constructive growth picture for europe. the fiscal support is more backloaded in europe, and there is room to grow in europe. despite the high inflation rates and omicron risks, we are broadly constructive on europe and look for firm growth over the next couple of years. tom: what is the resilience of the european consumer as you look through to 2022? jari: there is an important tale in which -- tailwind which is that balance sheets are in good shape. saving rates are high. there is a lot of room for normalization in spending on services. that is particularly so in the south, such as spain. there is an important tailwind. we also see headwinds, the increase in energy prices and now the

it is to replace universal music in the euro stoxx 50. they have been benefiting from a boom in luxury demand that accelerated during the pandemic. unicredit is planning around 3000 more job cuts after the ceo spoke about profitable businesses after an error of restructuring. many of the cuts will come from the italian lender. the banks current dividend is set to boost and focus on more lucrative products. that is your bloomberg business flash. dani: thank you so much. the omicron variant is continuing to spread globally. worries over that and hawkish comments coming from the fed sent the s&p 500 to its worst two day loss in 14 months feeding into european markets, which are sharply lower so far at the open. let's dig into some of those key market drivers. it does seem surprising in some respects that a headline about a new omicron case in the u.s. was able to do this damage considering it should not be that surprising that a case exists in the u.s. >> absolutely, it was no surprise it would reach the u.s. , but i think the markets were w

what does that mean for the euro? i think we have seen this for sometime time now really playing through, and the euro is on the back foot because of this. think perhaps is a bit too early to assume that we will get that hike next week from the bank of england, but it could come in february. we know the ecb is nowhere close. it really is on the bottom of the line, but it is not the only central bank that is still dovish. the australian is likely to remain pretty dovish as well. the ecb, the bank of japan are the two that are most dovish, and that does mean for the euro that it will be on the back foot, probably for some months. jonathan: just quickly, what is the call for next year you are most comfortable with going into 2022? jane: i think it is still some dollar strength. maybe towards the end of the year we get more catch up from some of those other, but i still like the dollar. jonathan: looking ahead to 2022 and beyond. federal reserve that decides on wednesday. the ecb on thursday. president lagarde now calling

but a total of 2400000000 euros was given away in prizes both big and small. in the centuries old and world's richest christmas lottery growth is here. oh. so will it be the red pill, o, blue co? what was the choice facing keanna reece more than 20 years ago? on the ground breaking science fiction epic of the matrix filament is to see cause depicted a disturbing future in which humans are trapped by machines inside a simulated reality. now matrix for has hit send him a screens in a premier, delayed several times by the pandemic. but does it measure up to the original is are, if you thomas boss, forward to decade, since the matrix revolutions. tell me what happened, thomas anderson, aka neo, is living an ordinary life in san francisco. when events take a turn for the weird like crazy. we don't use that word in there and he finds himself mixed up again in a war between humanity and robots. the matrix resurrection sees keanu reeves and carrie, anne moss, reprise their roles assumed rebel lovers, neo and trinity. oh, i think it's everything that you can hope for i