it is going to be euros per unit. it is going to he at — euros per unit. we need to think about the impact on firms. they are mainly— the impact on firms. they are mainly affected by energy prices _ mainly affected by energy rices. . ., ., ~ mainly affected by energy rices. , . prices. let us look at those tariffs that _ prices. let us look at those tariffs that are _ prices. let us look at those tariffs that are likely - prices. let us look at those tariffs that are likely to - prices. let us look at those tariffs that are likely to be | tariffs that are likely to be in prose by the incoming president. what can the euro zone due to content with that? what can it do?— zone due to content with that? what can it do? one thing vanda lane has said — what can it do? one thing vanda lane has said is _ what can it do? one thing vanda lane has said is that _ what can it do? one thing vanda lane has said is that she - what can it do? one thing vanda lane has said is that she will - lane has said is that she will put in — lane has said is that she will put in place

certainly for the euro. we are on the watch for euro-dollar parity. about trump tariffs on europe. whether we will have another energy crisis. and all that political uncertainty in france and germany, as we were unpacking with oliver crook. the last time we saw euro-dollar parity was after russia invaded ukraine. 1.02 is where we are trading this morning. if we flip the board, that euro weakness yesterday boosted the dollar. you can see leveraged funds are their most bullish on the dollar since 2019. you also had jobs numbers from the u.s. lower than estimates, suggesting labor market strength. but this has been feeding into emerging market currencies, closing at their lowest level since july yesterday. if you flip it again, you can see emerging market stocks teetering on the brink of a technical correction. we also had china, a carol massar to the year yesterday if we hone in on that, the worst since 2016. next up, the opening trade, anna edwards and guy johnson will be taking you to the open. this is bloomberg. ♪ >> hello, i'm anner edwards, alongsi

the euro stronger.elds down affecting federal reserve against a.j. little bit more. this story could change again. lisa: how did they come out with some sort of reaction function were a lot of things could be changing. if they want to have some sort of strategic communication, how are they strategic at a time where people do not agree. talking about a labor market that is falling off. stability, it is all just fine. is it a communication issue or a lack of clarity? annmarie: a lot of questions and to jonathan's point could change every 10 minutes, you slow down when there is policy uncertainty. you have speaker johnson putting out the timeline for made for this one big beautiful bill. would you stay on the sidelines until you see that policy become a reality? jonathan: the apparatus is no longer valid in this world. the staff forecast would be a good idea and getting ahead of the individual members which makes it more difficult for the chairman to sit there and the consensus that doesn't exist on the co

it is on the euro i like to focus on the moment. at the moment, we are seeing euro/dollar at 1.04.run-up to the year end, we got a lot of comments suggesting the likely issue for the pair is parity. how likely is that narrative at the moment particularly when we expect the ecb to cut further this year? >> yeah, it's a good question and i actually spoke about this with your colleagues just before christmas when there seemed to be a huge rush of people talking about euro needing to trade below parity. we obviously pushed back on that. our belief is euro/dollar go 1. that is enough to reflect out view in macro dynamics and tariffs. i think to get euro/dollar to trade through parity and stay there, you need a clearer divergence on policy. the ecb needs to bring in 50 basis points in cuts. that seems unlikely. we need to see the fed start talking about interest rate hikes which is still a low probability event in our view. our base case is the fed only cuts 25 basis points in 2025. the ecb brings rates down to around 1.75% by the end of the year. based on our calculations, that would su

that would impact the inflation outlook in the euro zone so if we see a decline in the euro, that would be a problem for the ecb because they may be reluctant to lower interest rates as quickly as the market expects. currently traders are pricing something like five interest rate cuts in a row coming from the and central bank on top of cuts we saw last year as well. if you get in a situation where inflation starts to be a little sticky, it will be very tough for the ecb to follow through from that point of view so that is something we can't do much about. then tariffs, whether or not, if and when the tariffs hit, they will not just be for china. they could be against the euro found that could be inflationary. so traders will probably be taking this with a grain of salt, and they will not be holding their breath the outcome. lizzy: markets pricing in five cats -- cuts at the ecb meetings this year. i mentioned about the performance of u.s. stocks over the past two years, the best run since 1998. what do we expect this year? >> the year, traders will not go against what they were doing la

time and euro area inflation data as well. markets are fully expecting that inflation will slide in the euro zone and that gives the ecb space to cut. traders expect as much as 1% by the end of this year. we will see if the inflation data adjust that. and then it is the u.s. jolts data that comes out as we build out a pitch and by the end of this week more clarity in terms of the labor market of the u.s. with nonfarm payrolls friday. and trade tensions between beijing and washington are ramping up after the u.s. blacklisted tencent and ca tl for alleged links to the chinese military. it's a move with implications that could be broad. this is bloomberg. ♪ >> welcome back. shares in tencent and ca tl are plunging this morning after the u.s. blacklisted them for alleged links to the chinese military in a surprise move just weeks before donald trump takes office in the u.s. during let's bring in rebecca wilkins for the details, the implications. bring us up to speed on the latest black list some prominent names on this list. we me

in the euro on the basis _ for an increase in the euro on the basis of about 8% and now after— the basis— after the bank earnings are about 9%, we have been at 10% and are — about 9%, we have been at 10% and are raising it to 12% sol think— and are raising it to 12% sol think everyone is getting more bullish— think everyone is getting more bullish on the earnings and i think— bullish on the earnings and i think everyone agrees that it would — think everyone agrees that it would be much better if the market _ would be much better if the market goes on earnings this year— market goes on earnings this year then— market goes on earnings this year then valuation multiples, vatuation— year then valuation multiples, valuation multiples are stretched, as everyone knows, and that— stretched, as everyone knows, and that would not be the way to run — and that would not be the way to run this _ and that would not be the way to run this full market, and it would — to run this full market, and it would be _ to run this full market, and it would be a _ to run this full market, and it would be a melt up

k. spending some 750000000000 euro to subsidize prices. over the past 4 years. germany, the use biggest economy. so energy unrolled material prices skyrocket by 80 percent last year. and if the trend continues, look at this figure, the bundle stock predicts the country will lose over a quarter of a trillion euro by the end of the decade. well, despite the looming economic hardship, a majority of european leaders continue to support funds on russian imports. but their words appear to contradict their actions. according to media reports, there's actually been a growth in russian, l. n. gm boards, with the buying more of most gas in the 1st 15 days, all the year than they did in the same period. in 2024, it's all led to europe and politicians taking a fresh look at the sections. is something funny i don't think the sanctions policy should be such that the one who has sanctioned suffers more than the one who imposes the sanction this all. unfortunately, in the case of the sanctions policy imposed by the european union, it is partly the opposit

every year. 800 billion euros almost every single year.ed how they are going to do that, can they do that without joint debt. have a listen. >> yes, it is realistic because first of all, if we add the competitiveness policies of each member state, plus the european budget, you are not very far from the investments that need to be made. i will push to implement the whole draghi report and nothing but the draghi report of the components, including the investment assets. oliver: for the moment, since it's such a sticky issue, the question of joint debt rising to that. i know he is trying to unlock additional funds that already exist within europe. there could be potentially new funds established in terms of how to disburse the money. we get the industrial clean deal. that is a new deal that the eu puts out in the month of february. we get more detail on precisely what are the actual instruments and policy tools that will be used to boost competitiveness here in europe. tom: you're talking about funding potentially being a roadblock to this pr

euro-dollar at a 1.03 handle.had comments from robert holzmann and we expect/pmi's for been the euro area later in the week to remain in contractionary territory. we have brain trading at $80 a barrel. paring earlier gains on the news donald trump is poised to invoke emergency powers as part of his plans to unleash domestic energy production. we will await this flurry of day one executive orders on the tariffs, on iran sanctions, and this could really keep the volatility going the next 24 hours and the weeks and months ahead, of course. let's dive into those policies. u.s. president-elect donald trump celebrating the eve of his second inauguration with a rally in washington. they told supporters he plans to sign this number of executive orders on day one of taking office. joining me for analysis is ruslan matheson bloomberg's emea is director. trump has pledged all of these executive orders, not just the rally, what can we expect policy wise? >> we can expect an awful lot. as he flagged, he wants to come out of th

we look at the numbers from the past 3 years, we will see that hungry has lost money, 19000000000 euros due to the sanctions, which translates to 7500000000000. i'm gary and for instance, on gary and prime minister at least 12, the use of the russian sanctions is costing hungry. i think that every member state is losing out those figures show despite sanctions. russian gas exports. the europe had only grown since the start of the year the mid day and talk to hey, not midnight in jakarta and 8 in the evening here in moscow. welcome to the r t international use. rob. love america has said if the 2020 us election hardly being quote stolen from donald trump. the conflict in ukraine may never have started a suit and because the pressure has never refused to have contacts with the us administration, and it is not our fault of the previous administration refuse these contacts with the current you as president, i've always had business like, exclusively business like, but at the same time, pragmatic relations and trust thing. and i would say, i cannot but agree with from that if you've been ele

we look at the numbers from the past 3 years, we will see that hungry has lost money. 19000000000 euros due to the sanctions, which translates to 7500000000000 gary and 4 and the hunger in pm lay aside what the use on t rush of sanctions is costing budapest doubting that every member state is losing process. figures show despite sanctions, russian golf exports to europe have only grown since the start of the year, the across the world around the clock. this is our to you. hello and welcome to then use our. i mean, some of them are put in her said if the 2020 us election happen being quote stolen from donald trump. the conflict and ukraine may never have started a suit. and because the pressure has never refused to have contacts with the us administration. and it is not our fault of the previous administration refuse these contacts with the current you as president. i've always had business like, exclusively business like, but at the same time, pragmatic relations. and for us being, i would say, i cannot but agree with from that if he's been elected president, if his victory had not been

as we get to know an automated milking system costs over 150000 euros. not only does it cut down on labor, it also helps to monitor the cows health using sensors. that goal support head. it's all because we're color. it tells me straight up if the code that i'm shooting enough, i the, if she's had an exercise or not to the v, then i can give the animals the no problem here. and in an emergency, for instance, when cut also cold. that's an area myself and normally that tells do quite well for a few years the 2 months farm had been in organic one observing very strict requirements on the use of chemicals. the new conditions demand a lot from the whole family stuff deep. so me see what literally works for me. no, because i can do it with my father. and if i'd had to make the transition on my own, i mean it would have been too much for people, but we have so much to be learned and pay attention to the i need of often listen. for example, what goes into the style ej to be fed to the lives talk on this farm? it's a mixture of grass, clover corn, green and fathe

when you took the helm might be introduced 25 by 25 policy. 25 billion euros of sales by 2025.en: 25 by 25i-25 was an aspiration. in one to 21, when we called that aspiration, we were in the middle of a pandemic. then we have several major crises that actually influenced very heavily the market conditions in which we operate. we continue to deliver on our promise of accelerating growth. we have seen growth acceleration in 2024. if you look at our q3 data, we delivered not only revenue growth but a significant growth of our ebita margin. joumanna: talk about your drug pipeline. many analysts in this space would love to see where you see the most promising drug pipeline. belen: i think in terms of revitalizing our pipeline, we need to step up on innovation. for many years, we have focused internally on our assets, and of course our pharma. and our pharma business comes with attrition. the more options you have, the better placed you are to deliver growth of your lunches and de facto since 2017, the growth of our successful biofarma business has been driven by the launches, not by

we look at the numbers from the past 3 years, we will see that hungry has lost money, 19000000000 euros due to the sanctions, which translates to 7500000000000. gary and foreign on gary and prime minister lee is all i to up the use onto russia song since it's costing budapest now being that every member state is losing out those figures show despite the functions russian kalsich sports to europe have only grown since the start of the year the life are most good. this is our children are still, my name's unit only. um 30 minutes of news and use starts not a lot of america has said, if the 2020 us election have moving quote stolen from donald trump. the conflicting ukraine may never have started a student because the pressure has never refused to have contacts with the us. administration, and it is not our fault of the previous administration refused these contacts for the current us president. i've always had business like, exclusively business like, but at the same time, pragmatic relations. and for us being, i would say, i cannot but agree with from that if he's been elected president,

see to 19000000000 euros june to the sanctions to which translates to 7500000000000. i'm gary and far in the place is an enormous amount, much more than one old on gary and people pay an income tax to the hon, gary and treasury in a year for that. and now of course, the issue of extending the sanctions is on the agenda. and i us the european leaders to understand that this cannot continue fuel clinical, so it is not acceptable for hungary to pass. such costs shall surely others are losing as well. that's the problem if you don't mind for the hon. gary in the states or setting up a hung gary and government side, because there's at least as much as well as talking all the big figures. storing energy prices have taking center stage with you and you k spending some 750000000000 euro to subsidize prices over the past 4 years. germany, by the way, the use biggest economy. so energy and rule material prices skyrocket by 80 percent last year. if the trend continues to fund this type predicts, the country will lose over a quarter of a trillion with a t euro by the end of the d

each item sells for about one euro. the money goes towards travel and performance costs. at the last minute and right during rush hour, they head for the national theater. it's crucial that we avoid any chaos. now. they made it the 1st glimpse of the magnificent auditorium. almost all the shoes have been donated. if they're still usable, they're painted to ensure they all have the same color. the guests have arrived. the instruments are tuned hard, so racing and the show begins the they were given a stage to showcase their talents. and they do just that the opportunity to present themselves and they ceased the, the, they are heard. they are seeing the they may not have material wealth, but they have joy, passion, and skill in abundance. a treasure that they give right back to their gods. the looking for more insights and solutions from around the world. if you want to meet the people fighting climate change on facebook, instagram and 6 talk the, the, the color panels. instead of countless central kenya, many farmers have switched over a disastrous drown. so hitting the co

if you consider that it still stops at the under $19000.00 euros. so the new doctors to me is the perfect embodiment off a call that had a good value for money. some of the new dot you adjuster is a good looking car at a very competitive price with a lot of clever features on the downside, the budget bill also means the duster loses points for its noise level and heavy use of plastic in the interior. but with a top end model available for under $28000.00 euro is in germany. it's an appealing bought the . this is the device that would help transform every day life in a row, be a small since i'm measuring air pollution in the city center. mainly to blame for the, for a quality of that it pixel to the photo cycles. and these of paula media, bunch known as massages for the kids up and plumbing. advocates, humphrey html. as close, there will be for you. what. right. so it was, it's between the citic government and the un exploding ways to make changes to read the he's particularly concerned about them, attaches shopped him to copy those sheets that are c

>> so, let's talk about in the context of the euro. so the euro is at 103 now, came back from above 110. we had a sizable move for sure. if we continue along the path we have been on the last couple of months, right, where growth is weak in the euro, so on, so forth, i think it will be logical to test parity in maybe the end of the first quarter. but i think the real issue is whether this political risk that's brewing at the core of the euro in germany, in france, whether that's going to start to feed into bond market instability and create -- where it's not just a couple of percent, but it's actually a kind of a real tension situation that gives us another 5% on top of those few percents. i think that's the scenario that i worry about a lot and i think investors should take very seriously. we could be heading into a situation where there is tension right at the core of the euro zone, which is something we haven't seen before. >> jens, thank you for being with us. if i mispronounced -- pronounce your company. >> it means before the fac

so i'm actually looking for their secret passwords that'll let me in for just 2 euros. it's hidden somewhere on the instagram page. okay. it looks like tonight the password is hot to was, which means heart soft. it's let's give it a try. it works as a cookie. notes hungry mondays party has been around for 20 years with pop rock and dance music. there's also indoor table tennis and 3 year old beers and i had a great the . there are a few fish soups with such a tradition in history as boy. yeah, best from our say, friends. it's an elaborate dish with no less than 5 fish involved to find out how it's made. we headed to the south of france for a taste from humble beginnings, to culinary fame. fully a base has a true rags to riches story. in more stay in the south of france, we dug deeper into boy a base and it's cultural significance. we're going to show you how to prepare the authentic with and how to avoid falling with some truth. and this is the man who's going to show us how to make it much you do god, the head chef of shape for phone, a top address and mercy for boy a

there was a profit of 149 million and revenue rose 10% to 2.96 billion euros.ction. everything is going quite well. but as you pointed out, there is this problem with the boeing so—called game changer aircraft, which is the 73 and dashed a 200 aircraft and ryanair�*s physically paid a visit to boeing earlier this month to try to chevy things along. the big problem for boeing, problems beyond its control because boeing had a series of issues last year culminating in a long strike of its workers towards the end of the year which has been resolved now. it looks like the entry into service of that fleet is going to be delayed and as a result the forecast passengers for the whole of this year has been revised downwards from 210 million to 206 million. in downwards from 210 million to 206 million.— 206 million. in terms of the passenger _ 206 million. in terms of the passenger experience - 206 million. in terms of the passenger experience with i passenger experience with ryanair, they will not feel it in the sense that it's not going to impact the experience they hav

euro very close to parity. euro-dollar 1.0 321. going back to geoffrey yu's point, how much of this is baking in europe but how much is the opposite, the federal reserve not being able to cut rates as much as people thought. is that where the surprise will come from that could have more your weakness? are we reaching the tipping point for how far this can go? at the same time i've not heard one person say american exceptionalism is a farce. i have not heard one person said the u.s. is poised to severely underperform and i've not heard anyone say europe is on the precipice of some sort of riproaring expansion and that is the big question. jonathan: which is why the dollar index only had one down week through the whole of q4, only one through the whole of the fourth quarter. under surveillance, and attack in new orleans leaving at least 15 people dead and dozens more injured after a pickup truck drove into a crowd early on new year's day. the fbi singly discovered in isis flag with the vehicle. hours later in las vegas a tesla cyber

focusing on euro-dollar and the pound. that surround further pound weakness are being made. further weakness from sterling as we await the speech from the chancellor, under pressure given the market rout in u.k. assets last week. euro-dollar getting closer to that parity level helped by higher yields. brent is also a key story. the oil markets rallying on additional sanctions on russia. $81 a barrel on brent and gold trading at 2688. cpi and inflation data could be the next thing that moves these markets i mentioned it's been a challenge session in asia. avril hong standing by in singapore. >> absolutely painful if you look at the picture on asia equities the benchmark at the lowest since august and this is against the backdrop of elevated u.s. yields, greenback strength sapping appetite for asia stocks at a time when they have already been facing pressure no thanks to the pain in chinese equities and add to that elevated oil prices and if you look at chinese stocks they have a much older way and raised -- erased those gains driven by the stimulus package last year and you a

euro-dollar at 1.04. the story of dollar strength is back today, that's weighing on a number of currency pairs including big euro and the pound, the euro down 0.5% weaker in the session on strong u.s. dollar, and that ties largely to the tariff story that comes through from trump and his treasury secretary. brent at $77.47, and copper softer at 0.6%, trump calling out the metals sector for an area where tariffs could be imposed along with chips and pharmaceuticals paid less cross over to asia where avril hong is standing by. avril: it's that continued reassessment of the ai investment case. the deepseek fallout continues. asia getting hit hard, japan the drag today, an extension of yesterday's losses, the nikkei today declining the most in two weeks. many major markets in asia are shot. hong kong on a half day. this is the picture going into the long weekend. chinese tech shares are doing well, and if they continue outperformance by the time these big u.s. tech names are done with earnings this week, and

euros and hard gas prices for us and the entire opinion. you will pay around 70000000 euros for his lunch skis, american adventure, to my great surprise, the european union edits, institutions are silent. okay. we have no reason to tolerate. zalinski is a venture is especially when we looked at the 8. that's the lock you into european union or providing to ukraine or couldn't either. slovakia nor the european union is an award to pop up. cool, great where it's like so back here also board is used for and it has a double down. it's the launch of position is an seas of decision making, but of a says that the key of government, detrimental policies will negate its changes ever joining the you the only major power that seems to be happy was that as his decision to come, gas suffice is the us, which is expected to increase his own exports all the commodity to this decision will actually deprive rush of about $6500000000.00 in annual revenue from gas sales to europe. this is one of the biggest and most expensive defense for moscow. of course, wel

and then the euro for you see, is another big market to for it. and yeah, and strong wants to, to access the market for because in us it's clear that they've sanctions aren't working and european countries themselves are struggling economically. so what can they do to show up their economies before it's too late to the 4th. i mean the today your of us to be very strong and say to, to is the us. we cannot continue to exist because the sanctions against our shop and the, the, but against the important get russian gas create a big damage to say economies of the year being and especially against for germany, for, for us, which are the 2 main forces 0. but in the same time york, i'll just buy an energy from the us because their energy from the risk of $3.00 to $4.00 times and what's the russian gas coast for europe. so, you know, you cannot be like these europe yourself things a lot today, for example, to differentiate going on me. and he is facing a huge step as affecting friends, represent one of the 21st and physicians. so this is assumed a warning.

let me take you to the euro/dollar. we are just marginally higher against the greenback.rling down .20% against u.s. dollar. u.s. futures is how we shaping up ahead of the open on wall street. it could be a positive start to the trading day over there. let's see what will happen. we will get jobless claims and latest manufacturing pmi figures. let's see what will be the tone within the investment community stateside after the mixed sentiment in europe. let's return to our conversation with fawaz. i would like to get your thoughts on the performance for u.s. markets. last year, no doubt, were incredible time for the s&p 500 and in particular, but when you think about 2025, do you think this performance is about to come to an end? >> i'm really cautious. we discussed that before. the reason for that is valuations are stretched and at same time the federal policy and monetary policy is turning hawkish which was revealed a couple of weeks ago. ten-year is above 4.5. in the face of high rates, high real rates and stretched valuations, portends challenges on earnings growth. >>

. -- trillion euros.ere in the u.s. borrowers wasted no time with raising money in 2025. high-grade sales on thursday were 15 billion dollars, led by credit agricole, ford, and gm. kicks off what analysts say could be a record-setting january. an informal survey called for $200 billion worth of sales, and that could surpass the record we saw just last january. speaking of credit, join beyonca ocs major opportunities this year. -- joanne beyonca sees major opportunities this year. >> the number one area is credit. we are in a better quality environment. to get lily in the u.s. high-yield market. there is more double-b's than there ever have been. the triple-be market is higher than it has ever been. sonali: we are going to get deep into the credit markets now. we are joined by a keeley gray wall and sinjin bowron -- a keeley gray wall and sinjin bowron. both of you know how to manage risk. you are looking at from the beginning of december to the end of december a drastic change in expectations for rate cut

last year's collections amounted to almost 2000000 euros. so the little temporary pool is point valuable to carry tests. just how valuable becomes clear from a look around the trip to della de la keita or fit to dell of charity in room. here, people in need can obtain services. they couldn't afford otherwise. dental care. training associates and groceries carry test direct to choose the nutrients you is especially proud of the citadel's own supermarket glue i'm living customers can pick up the essentials for me, just like in a normal grocery store for the kids to go. so know equally, monique, ne, that f 152 percent of the kinds from the transfer you found to go towards supporting families like you, to his own. are you the only means daddy? there used to paying for food the box and the electricity bills? i got on teaching costs st. lucie or the risk of them into in room to the gap between rich and poor is whitening any a few profits from the cities. i'm going through mentors for everyone else. rent some the cost of living. just keep rising. l

over this 1000000000 euro business is escalate the next on d w the one that i've been father from so i can. none of the damage can help with complex 216 loses his hearing due to an illness. we joined him as he used his co cleared himself to assist him in understanding speech and living life to the fullest. some news i was deaf. in 60 minutes on d w the, the untold story. i just want to point to the find it here. repos every weekend on d w sometimes the best show right now that you see the highlight for every week, not to not imagine that you're eating a hamburger and as you're biting into this juicy burner, your dining companion says to you ex lee. that hamburger is not made from cows, its mason golden retriever's. 2 2 2 2 2 2 2 in meeting cultures around the world, people learn to classify small handful of animals as edible and all the rest of the classify as disgusting. a donkey series about our complex relationship with animals . a debate. watch now on youtube. d. w documentary. the bombings on the streets of germany, for someone felt each copies of goods potty minded and melting

kriti: giving a boost to the euro and the pound.om the white house. we are waiting, joe biden and donald trump to leave the white house and head over to capitol hill. at the moment we just saw melania trump and jill biden leave now we are seeing kamala harris and jd vance also head over to the capitol hill building. next up we of course believe it will be donald trump and joe biden there. they are getting ready for the indoor capitol hill inauguration to make donald trump the 47th president of the united states, kickstarting his second term in office. a little bit more analysis in terms of what the markets will be thinking around this. baird investment strategist ross mayfield joins us on the program. you picked a hell of a day to be here. especially on a day off when markets are closed over in the states. we been talking about what this trump playbook actually looks like especially around headlines around the tariffs story. for you, what is the trump playbook in the second administration? does it look like his first? >> i think it

said, and revenue rose 10% to 2.96 billion euros.on. everything's going quite well. but as you pointed out, sally, there's this problem with the boeing so—called game changer aircraft, which is the 737—8200 aircraft. and ryanair�*s actually physically gone out and paid a visit to boeing earlier this month to try and chivvy things along. but of course, the big problem there for boeing, problems beyond its control, because of course boeing had a series of issues last year, culminating in a long strike of its workers towards the end of the year, which has been resolved now. but it looks like the entry into service of, of that fleet is going to be delayed. and as a result, the forecast of passengers for the whole of this year has been revised downwards from 210 million to 206 million. those are the top business stories. fasten your seat belts later, when the us markets open it will be at roller—coaster ride. officials in belarus say that alexander lukashenko has won the presidential election on sunday. critics says that mr lukashenko, wh

euro area inflation comes through tuesday. we will have that for you. markets expecting 100 basis points of cuts for the ecb by the end of this year. thursday, a very different inflation dynamic with policymakers wanting to see an increase in inflation where pricing has been challenged in on friday it is u.s. nonfarm payrolls. unemployment around 4.2% and austria's far-right leader gets a chance to form a government, the latest on the developing situation in vienna next. we will bring you the details. this is bloomberg. ♪ >>. welcome back to daybreak europe. austria's freedom party is creeping closer to appointing its first chancellor after receiving an invitation by the president to discuss forming a government after efforts to form a centrist coalition collapsed when the conservative chancellor resigned. more with oliver crook. what is the latest in terms of the politics on the ground in vienna and how did we get to what could be a pretty historic moment for austria? >> absolutely. remember this is an election that took place in september and the winn

traditionally, depending on west 10 institutions, it was a, the euro, or the united states of america through institutions which was dominated by the west. what did natalie decide to add the bretton woods institutions created in the bedroom of wood in the 1900 done for it is after the 2nd world war and the magi institution that emerged out of that space. why the international money is refund on the bones for development or the not a little fide to the wide bunk. many people do not know, but what is now called the wild trade organization was also muted at that time. but of course, what we know is the general agreement on top of all got these institutions was dominated, created and still dominated by the west. i'm. that is why they are full when you became an idea. and it must be said that the idea was from a conversation by another width. and goldman sucks. who came for the 1st time and talked about imagining economies, particularly the economist or need who talked about bricks to me in browse vill russia, india on china between the 200, the 2000, the 200112009. they won many activitie

in various south american countries. aquino, of cocaine sales for around the equivalent of $2300.00 euros after being transported to europe primarily by c. that same kilo is worth $37000.00 bureaus and once it reaches the streets of germany, for example, the market value is even double that. it's a business worth billions and the cartels are currently flooding the market with a drug in 2023 alone. the german authorities secured $43.00 tons, a record hall, some of which ends up with gabe. you'll him chief talks ecologist at the high security lab of the germans federal criminal police agency. he and his fellow analysts are finding that the cocaine arriving in germany is becoming more and more sure in quality, busy and some of the non cool as seen in the graph behind me in one of the samples we're seeing right now have an active substance and content of around 90 percent. that's a significant rise over the past 10 to 20 years old and stuff. we're also seeing that the difference between the wholesale quality and st samples is minimal. what if anything has been developed and only modest is bot