here in europe several times paid attention.re so many terminals for e -regasification so that liquefied gas is converted, then into a gaseous form. give it up now. they are completely from pipeline gas. there are, of course, two questions here. will the united states have time to deliver the required amount and regasify it so that germany does not freeze at night? i'll just make a little clarification. the question is not that they don't have the capacity to regasify these capacities, there are enough capacities in europe to electrify more than 200 billion cubic meters. ah, and this, respectively, exceeds the maximum volume of our deliveries to europe, which there were 190 with something. the question is not in regeneration capacities, but in the fact that they do not have a network infrastructure that could deliver this gas already regasified from receiving terminals , which are located on coast on the coast of the iberian peninsula, for example, in spain, portugal or on its coast of northern and western europe yes, on the sit

the countdown is on in europe. this is "bloomberg markets: european close" with guy johnson and alix steele. guy: so fairly volatile tuesday. the u.s. was out tuesday. is delivering all the fireworks you've got a 401. definitely well within range. we're down by seven points. you've got you're dollar -- euro dollar trading 102.43. a big move coming through there. you've got a massive move again in the bond market. the bond market really active in the back end of last week. with 12 basis points lower the bond market catching 18. really difficult to see where we go next. the key question is the energy story. where does gas go here in europe? alix: the gas story, the oil story, having a ripple story. what one is move the dollar which is coming in to move the stork? the defensive trade this outperforming but still down to a tune of 1% and this is even as yields are lower. check this out. 2.81 on the yield. it's a crude story that's really interesting here because as you see the dollar surge, the ripple effects are reall

dani: this is "bloomberg daybreak: europe." i'm dani burger in london alongside many cranny -- manus in dubai. manus: trey truce, bloomberg learns president biden is considering a sooner than expected rollback on tariffs on chinese goods. mainland stocks in a volatile session. 5050 the rba delivers a back to back 50 basis point hike for the first time ever, and does not rule out further tightening to put the brakes on inflation. uniper is in talks of a 9 billion euro government bailout with the german government. gas prices continue to decline. a good morning, the bond markets , they believe the fed will go hard in terms of raising rates. they are not focused on recession this morning. big moves in the short end. dani: that is what is keeping momentum down, through the morning positive. if i can take you into the equity story, we did start the morning strong. that started to fade considering what you are talking about, the two year yields, jumping 10 basis points. chinese assets, the cfi 300 is down about 0.3%. i was planning o

so to keep some of the consumers in europe satisfied. and i think it will take them maybe a week, maybe 5 days to come to a final decision. right? because these things can cut both ways. county, i, you talked about russia having lots of a gas reserves at the moment. that's money sitting there. can't sell. and how, how deeply would it feel the financial and impact of losing of not supplying some of its biggest customers in europe, countries like germany and austria. well, the european, the market of guess is the gas pros, only a large market right now. and the here for no gas goes to the european union for us, so them guess from will lose. it's are old as a gas exporter, almost whole it, because it is not possible to replace these marketing issues in europe with something in asia or elsewhere. is there is just one. yes, pipeline that goes into china and last year it transported only 10000000 cubic meters of gas. while europe consumed 155000000000 cubic meters over us and gas loss in this market didn't issue would mean a disaster for rushe

what is day on europe. his europe investable? >> you've got to be real, real careful.ny growth clearly slowing, earnings estimates rolling over. we think getting very defensive in europe, owning, embracing areas like utilities, infrastructure come health care, staying away because from an index construction standpoint, if you own your upcoming you own economics sensitivity for not what you want to own and it recession. jonathan: hard to find people that want to own europe right now. marilyn, is europe investable? >> it is but with a great degree of caution. i certainly agree with the point made the data coming out of europe is very weak. much of it is pointing to recession. i think when you look at what the market is pricing in in terms of rate hikes from the ecb, when you look at negative impacts of very high energy prices, the ongoing issues with ukraine, i think commodity prices, food prices, production is slowing down, negative data in a terms of pmi. so i think overall, the data is pretty weak. certainly flashing quite a few warnings. that being said, we have seen

now, you analyse what is happening across europe very closely. achieve that goal, yes or no? they might be able to do so if they move now. you said they are starting now. in my view, they should have started four months ago, the europeans, in different, different countries, but better later than never. if, if they take very strong measures — some of them will hurt the consumers, such as making some sacrifices in our daily lives — they may be ready for winter. we should be very mindful of the fact that there will not be additional natural gas coming to europe, in addition to already contracted from united states, maximum capacity coming from norway, maximum capacity coming azerbaijan, algeria. we cannot discover a gas in the moon and what needs to happen is how we are going to replace the russian gas, the rest of the russian gas, which is disappearing in the markets, without making major changes in our daily lives, in our economies. so this is the issue, this is on the table. and we're going to get into that in great detail. but before we get ther

we don't have very much real wilderness in central europe. but we visited quite a few of these places and they all have one thing in common. it's always cumbersome . or the path is always arduous or impossible. reach steep, rocky, or blocked by a fallen tree. all the paths are flooded. and the me, that's the real core of what wilderness is. the uncertainty that nature can bring up the looping, and i think the impetus in europe in the last few centuries, has been to eliminate the uncertainty to tame nature. to know exactly what to expect in the foreign obeys wells. and any right about that. if we leave nature alone, will everything work out for the best zone? villa and coughs, book argues that we should no longer think of wilderness as something that's only far away. their photos show, the almost unearthly beauty of nature. they right. we must stop seeing it as a consumer good and a backdrop for fun. we are the last generation that can still reactivate wilderness before it no longer exists. become opa, serafina johnson, vineyards. europe has m

is europe heading for an energy emergency? energy companies across the continent warn of higher prices. limited rationing is already under way in germany as the supply from russia starts to drop off. in america, they've released more oil to the market but is it enough to keep us all going? with more sanctions and cold weather on the way, are we looking at a perfect storm for the energy market? i'm going to be discussing all of that with these two, there they are, dr ulrich hoppe, the director general of the german british chamber of industry and commerce. and helima croft, a member of america's national petroleum council, which advises the us energy secretary on strategy. also on the show, the big boss of the middle east's oldest privately held oil and gas company, crescent petroleum, joins me to talk about those skyrocketing prices, energy supply and the impact of the war in ukraine. wherever you'rejoining me from around the world, once again, a big hello and a warm welcome to the show. you know, they war between russia and u

and europe. but because of that poor performance, the forward-looking returns both for stocks and bonds look a lot better in the long term forecast that we run. for a dollar portfolio you could be looking over the next 10 years at nominal returns of around 6% per annum and that works out to real returns of 3.8%, 3.7%. so returns that are reasonable. certainly much better than those frameworks suggested at the start of the year. i think the market is getting a little too worried about this rising correlation between stocks and bonds. there is a lot more going on there than just the correlation. alix: coming up, we are focusing on the u.k., a rivalry that turns pretty bitter. how the choices of the next british prime minister could affect the economy with nina skero. tom: the contest so succeed boris johnson heads up again today with the first head-to-head debate begin today. liz trust and rishi sunak. joining us as the ceo of the center for economic and business research. thank you for joining us.

how much wilderness can central europe tolerate? how much does it need? and why a forest without lodge predators like the wolf on the bed and the lynx feels somehow empty. that's what we've learned in reason that is in the long run as beautiful as nature can be. it seems incomplete without lodge predators. unfortunately, we know this because we've gotten to know the parts of central europe that ah, to exaggerate a bit full of bez like southern slovenia are full of wolves like lucinda in germany, or lynx is like in our homeland austria or dr. looks in on time on an arrest or is this lisa? it's hard to describe since he, if you walk through a forest, it's home to bez links, isn't wolves, and it heightens your senses. and even you realize that you're not at the top of the food chain. oh though, actually in the case of the bear, it's not really true because the european brown bass here a mainly her before was help thinking planform fair. so they're really not out to proud humans because in many still believe that when you walk through a forest, there are wild

europe is a little bit of a data in talking about. europe is a little bit ahead of america.he strongest economy that we are experiencing right now is india. india is growing at a pretty good chip. so that's how we are growing in our production. anne-marie: let's talk about the merging complex broadly. they're coming from like the brazil, like argentina, colombia and expert oriented economies. how much attention are you paying to that part of the world? >> well, i would say probably from a commodity perspective, most of my raw materials are plastic that are derived from petroleum. and if there is one piece of good news, is that we have not seen as dramatic of price kin creases from our vendors this year. so that, i think, is potentially peaked. so the big question is about the consumer from the commodity front, i'm dolphish. guy: what about labor? ravin: labor is up across the board. i don't see an end to that. i'm hoping that things are peaking but part of what i said about the rocky road, we're we're going to see a lot of very tough prints from a labor inflation perspective

there will never be security in europe. one on a piece and remember that russia occupies parts of moldova and georgia as well. so this, what we're seeing in ukraine is brutal, but is a continuation of a many years. and that means that pattern will continue in the future unless russia is forced to pull out of their current volker. we'll leave it there. thank you so much for joining us. very much. with with ah, ah, ah no da vinci's mysterious masterpiece. ah, it is perhaps the greatest leonardo masterpiece in the collection of the louvre and no, it is not the mono laser. it is the virgin of the rocks. was there another symbolic meaning to this beautiful painting that perhaps we just don't understand? the search for answers in 15 o. d w the international legion in ukraine, 1000 some fun teams from award risk. then eyes fighting against putin's we a company come from south america and sondra from the way. it's been a lot of bonding down on the lead to the front return on so focus on europe. 90 minutes on d. w. ah . hello guys.

. >> the countdown is on in europe. this bloomberg markets european close with guy johnson and alex steele. guy: 30 men's to go and we have a situation with light volume in europe. the americans are enjoying the fourth understandably but it means we are down. equities are higher and i think it is a large reaction it friday out of the states. currently if i look at the fair value of the bloomberg for what the s&p will be like tomorrow morning it is down about a half of a percent. that is whether futures are telling us. still up .6 but this is the one it focus on. this is the dump contractor in europe and they are signaling concern that europe will run short of natural gas very soon. we could see a cutoff of russian supply next week or this week later and we have supply out of the united states. that is having an impact. we are seeing the first german trade deficit in 30 years. the question we are asking at bloomberg is what do i need to worry about. do i need to worry about inflation or in the second half about recession

and also in europe? i'm asking that because i'm wondering if we will have more downside revisions when we get that second read. chris: yeah, so the weather did play a part. but it is still playing second fiddle to cost of living get some impact. but it is pretty much cost-of-living, rising borrowing costs, tightening financial conditions. alix: we really appreciate it. chris williamson, economist at s&p global market intelligence. so great to get your perspective on pretty terrible numbers so far for july. our next guest says the ecb has a credibility problem. ♪ at fidelity, your dedicated advisor will work with you on a comprehensive wealth plan across your full financial picture. a plan with tax-smart investing strategies designed to help you keep more of what you earn. this is the planning effect. >> if we get electricity rationing in europe, we are going to see much lower growth in the second half of the year. on top of that, of course, you have stress on the italian btp market coming from too many s

when russia cuts apply to europe, as you said, europe needs to make it up by replacing the fuel withliquefied natural gas is sent by ship around the world. biggest buyers of lng are in north asia. there are also buyers in south america, the fact of the matter is the work europe buys lng, the more they are in direct competition with those other regions. we are all raising prices search to the highest level for this time of year. it is threatening countries like pakistan, bangladesh, argentina can no longer afford to buy the lng. there just isn't enough supply in the market. this is having a global impact, and higher inflation for the countries they're buying it like japan and south korea. utilities are accelerating purchases there because they are worried europe is going to try to ward as much lng as possible. you have japanese ministers -- is having a global impact. what happens with nord stream reverberates around the world. tom: ripples far beyond germany. what are the abilities of the major gas producers. australia's of the u.s. to ramp up production. >> in the short term, i'm tal

it's going to cause some real hardship in europe. and that in turn, may put pressure on government, say, hey, it's time for ukraine today. she's buyers. i think that that is the greater risk that we're based right now. essentially what you're saying is russian gas could did in europe, in unity i have done so in the math than it could be, could do. so again, it is certainly intention to use energy that way. so when, when natal chief insult and book says ukraine will have support from the block go for as long as it takes. do you believe him? well, i do. i think he's making the right statements. i think it is the intention of every country now, but just as you're identifying how many these trends that are work you can on that engine, it could change. and that's what we all have to work against to make sure that both in the united states and especially in europe are, especially in the winter if there's an energy crunch, that we have the fortitude to support ukraine. remember, ukrainians are paying for our security with their lives. we wo

and you say that the russia is attempting to divide europe. bye bye, bye. cutting these energy supplies. how does cutting energy supplies to say germany through north stream one or through the north re one pipeline? how would that divide europe that it is, of course not in time, specifically is highly important for germany. if russia is selectively cutting some gossip close to some countries as it has done to poland, for instance, to bavaria not to germany. and then those countries may be neat off solidarity and then executive the situation that was the basis for discussion amongst the member states, but the original agreement. so if that is the country that can not supply itself with a gas from russia or other sources, then solidarity will kick in. and there is an under certain conditions of mandatory showing off the gas amongst european countries. because we do have a fairly well connected into the european market for gas. so that is the infrastructure to, to um, to switch those around. just tell them you understood. and so as, as russia los

and if so, is the approach europe is taking, europe should maintain the path that is on?seem to be in that position right now where i don't seem to be agreeing with anything. you said russia was running out of steam. before we move onto the european strategy, their good points -- don't get me wrong, this will be quite a difficult take. just yesterday you had the american ambassador to slovakia to said the united states' support for ukraine will go on as long as it is needed. that sets the tone for the rest of the countries who will continue giving ammunition. one thing not reported enough is while they still have military superiority, there are other long-range weapon systems u.s. could be providing that are better that would change the battlefield even more drastically. this is not the end-all be-all. not to mention a massive security training program going on in the u.k. just today you had other issues. finally, the eu will have to amend the strategy a little bit. we saw an example of that with a grain deal. part of the incentive for russia was to get fertilizer to mark

the biggest risk factor this year for europe, that gas gets turned off from europe.n't have to respond to that. that is tough. futures are down by just. .2% from new york, this is bloomberg. ♪ ritika: keeping you up-to-date with news from around the world, i am ritika gupta. trump insiders told the january 6 committee the president ignored pleas to call out the mob storming the u.s. capitol. the panel held a prime time hearing thursday night. members cast the former president's in action as a desperate ploy to hold onto the presidency. the white house is confident president biden will avoid the worst of the coronavirus thanks to vaccines and a therapeutic drug. the president is experiencing mild symptoms and has begun taking paxlovid. he will isolate at the white house continuing his duties. lawmakers in taiwan are said to be hurt and confused by the filaments in washington over a possible visit by house speaker nancy pelosi. it would be the first by house speaker since 1997. the u.s. military does not think it's a good idea. china has warned pelosi against going to

and we want the east of europe yes maybe even the far east of europe ukraine but nevertheless from theoint of view of future and current investors there, when a person opens the internet and sees that there is a war in ukraine in europe, he definitely does not want to invest money in the countries of the european union, or he does it with a certain sense of humor, well, at least the countries that are closer to ukraine are there, we understand in europe what is going on, the whole history of prolonging the war and in europe is purely in the financial plan and in terms of lowering the investment attractiveness of energy resources, you mean they will continue to buy a little here for our refugees for the withdrawal well over 24 billion hryvnias is a lot. okay, a lot, but they continue to buy energy resources, things that, uh, don't look right, uh, on the surface, which actually are, if we take the question of why the euro depreciates, then it's for deterioration . investors fled europe so directly . yes, but there is a worsening of business expectations and these deteriorations are conne

these days, most people vacationing in europe are avoiding eastern europe because of the war and ukraine. poland borders, ukraine, de la cruz, and the russian enclave of cleaning brit. meaning it's right next door to war in crisis. that scares tourists. but is it justified? i want to check out a city that is usually overrun in summer, but visitors from germany and scandinavia with today, i want to discover a good dance with you. a port city on the baltic coast and the north of poland. well, and could bounce has a special meaning, not only for poland, but for the whole of europe. do you want to know more you can't tell by looking at scenic dance, that it's city mark by faith. what happened in the city changed europe? well, the whole world, but 1st things 1st if you love lost places, you have to check out the former guns shipyard will take you to a place of world history, vest up latin a day by the sea, no problem, and then it has its own seaside resort spot ah ah, i took the city tour with sebastian and i blurt out the harsh reality. so if i said, if i take a look around, they are not tha

. ♪ >> the countdown is on in europe.his is "bloomberg markets: european close" with guy johnson and alix steel. ♪ anna: welcome back to bloomberg markets: european close. guy johnson is off. let's check in on these markets, stoxx 600 is making modest gains. a lot of that has to do with what is going on in london. german market under pressure, down by .5%. natural gas prices is part of the reason for it. we have seen the kremlin is going to keep up the pressure on europe around natural gas through the winter, which was perhaps the assumption of many people operating in this market. we have seen prices go higher as a result of that and other news related to the euro, other -- also down, down .8%. that is the picture across the german market. the london market has held up well despite the fact we've got the energy markets doing well, oil and gas makes it in london. alix: the cash flow is going to be tremendous this quarter. in the u.s., s&p trading down .6%. down, definitely walmart and the other companies it is trading --

we are not europe gas station. they cannot just come and say we need your gas or buy your gas and we'll take it to europe. they need to give something back to us. so it's not just about abandoning those green energy models at the drop of the hat. it's about an equal taca ships, as europe continues to not practise what it preaches. and critics say resort to its old colonialist mindset. is it any surprise that africans now he, china, not the whist, as the greatest ally athwart they. multi $1000000.00 projects have improved the lives of locals from providing which is to hospitals to internet. it seems as though the patience of african nations may have ruled little too often, and they are looking around for new allies who give as much as they take fully fiarty time is good. there are fresh concerns in a you have to rush a holter to the flow of gas through the node stream worn pipeline to germany for 10 days asked you to scheduled maintenance. germany's vice chancellor says european countries need to agree to tighten a

in europe. of course loses a major energy supplier. but if gas supplies from russia stuff altogether, who suffers more, do you think a dependent europe, which is heavily dependent on russia or russia, which large lives off its energy exports? well, we're talking about a foot race here. you know, the, you has more or less than that. it's going to diversify rapidly away from dependence. and in import suppression, natural gas on like oil rush, it doesn't get as much revenue from natural gas sales. it's still significant, obviously, and it should be curtailed as much as possible to cut off, you know, financial lines to support russians, aggression in ukraine. but you can see that the, the energy system is much less valuable on the natural gas side, meaning that although there's that wouldn't be shipped out there. it's not like oil in so cutting off natural gas to europe is in the very short term really a tool that, that because of lack of diversification in countries like germany over the past sever

also exposure to inflation especially in europe.e are looking at the advanced risk that russians will shut off the gas supply to europe and unfortunately we will see an instance -- instant recession and the gas prices and energy prices will spike up further and the real yield will it offer exposure to both sides. -is it possible to determine at this point the impact of policy -- that policy is already had. a number of central banks, the canadians are talking about it trying to frontload it. when will we see the effects of what we are seeing now. policy works with a lag. >> in the u.s., they are already seeing the impact of fed hikes. u.s. mortgage rates, we are already seeing that opening. we are seeing the impact of it on the currency side. make things even harder now that we have recession fears to near-term recession, how quickly euro-dollar has moved to parity as the inflationary pressures are higher. there is a standard lag but we are seeing a positive reaction to the expectations. guy: great to catch up, thank you very much in

the countdown is on in europe. this is bloomberg markets: european close, with guy johnson and alix steel. tom: let's check in on the markets as we countdown to the close this thursday in europe. a turnaround the terms of the benchmark. focus on italy, and we will zero in on that shortly. euro-dollar gaining. madame lagarde at the ecb coming out with 50 basis points. that was the decision and unanimous view around the anti-fragmentation tool, the implementation of that, there is a question there. the ftse down. you have seen a selloff in terms of italian bonds, but that has moderated somewhat. we will get into details on that. they have outlined four different scenarios that we need to be met to put in place the anti-fragmentation tool. madame lagarde talking about the weakness of the single currency as part of the rationale for bringing forward a bigger hike. the first one in 11 years. let's see how things are playing across the map. again, as we discuss what is happening. the other facts this morning was the news

the west began to openly cut off all economic ties between europe and russia in relations with europe, there were many reasons for friendship, but america was never satisfied with an independent and mighty europe in itself, it already frightens them. and in the case of an alliance with russia, all the more so such an alliance would be a direct threat to power, the united states has always been against a united europe, europe with russia in its composition frightened them most of all. after all , if this happened, europe would become the most powerful economic entity in the world. we would be energy self-sufficient, independent in military terms and no less powerful than the united states, which is why they never wanted a united europe. yes, after during the war, they contributed to the unification of europe, but they also ensured that it did not become strong and independent and retained its presence. america is interested in driving a wedge between europe and russia, because in the event of their unification, the united states risks turning into a world province. the european union o

got his comments about europe on the side is also a position. i don't agree with the european meaning itself is an institution based on values and morals. and right now it's not only a moral imperative, but it's also in their strategic interest when he cut me when he comes to the european union holding up. yes, of course, you know, you've had these 5 government that fall already, but it could be argued that it could have fallen earlier and it took 6 months for this to actually happen. so while the current implementation of the european union strategy against russia is imperfect, it has been impactful, and i think moving forward that it just need to be adjusted to move forward with the bad as the opposed to moving on. michael, do they see in ukraine? what openness saying as a, a, perhaps a commonly held view, do they worry it will become a commonly held view in europe, or they think or body speak on his own. i think a big fear in the ukraine is i, yes, your report become divided and that the interest in the war will wayne. and that as pressure in

and europe is moving after. behind ukraine ukraine is in this sense in the forefront of everything that is in ukraine in six months. in a year it will be in europe, look, as they say, your future. now, look on july 18, what happened? what, what is the first explosion on july 18? i know exactly what will be right in a few seconds a new release of nikita mikhalkov's project without a speech. today he will talk in particular about a new scheme for the colonization of countries immediately after we return to our studio. i welcome you, dear friends, to our next edition of the besogon tv author's program it will be called rather loosely. are you a hunter or do you think that in the process of our transfer you will understand why we called her that, but according to tradition, first i want to thank you. all our viewers on the russia 24 channel and on the russia 1 channel and on youtube in the telegram channel, because our previous programs were watched in total by about 16 million people, moreover, i can’t help but bra

it seems to me that it should hit europe because, uh, in fact, the habit of not washing, and europe isng time remember, we talked about this in one of our issues. and there is one more. such a joke thing. that in the middle ages in europe, terrible spirits were invented from the stench. and in russia, they invented a bath , think about it. how amazingly accurate it is when a russian preferred to bathe in clean, fresh underwear, and on top there might not be a very rich suit but it suits him, then there. was important, the suit, the boots, the tie, or whatever, judging by the time, and the fact that the underpants are not washable. it didn’t matter anymore they couldn’t see it, it wasn’t visible, that is, roughly speaking. russia prefers to wash with soap, and the smell prefers to be scented with perfume, and they have achieved great success there. but this does not solve the court question, could we imagine that in greece in greece, the cradle of orthodoxy, the greatest philosophy of the culture of art, the homeland of socrates pythagoras homer, is taught on official television. how to

the heat will reach eastern europe in moscow in the middle of the week, it will charge rains.re will not exceed plus 19-20. well, already on friday the weather will improve, and dry and hot summer will return to the capital at the weekend. these are the forecasts for this minos alexander yes, thanks elena elena vasyuk spoke about the abnormal heat in europe and the weather in the capital of russia russian air defense systems four missiles were intercepted in a day, and five shells, a hurricane rocket fired by ukrainian troops, and a ukrainian warehouse with american ammunition was destroyed near odessa, the latest data on the course of the special operation was announced by the ministry of defense.

at one time, sylvia was also shunned in europe. it was bombed on the says, who dubbed outcomes today, fraternity between russia and serbia is being poisoned, sampson being forced to join european sanctions. however, so far without success. but we could say a politician, they say one thing. they do another and they think 3rd. so i still hope that our president is a moving in between these 3 elements. thinking, doing, saying, i still believe that he will find the space not to put sanctions because the sanctions are symbolic, easily put sanctions in russia. we spit on our past and our history and on our christian believes which are leading us to the last bombardment that happened in 1099, which is c n, n y u. we must act, call out club on milosevic, nato began a massive air bombing campaign. we will provide that knockout blown military action, the old gung ho bomb bomb bomb it is attacked. a sovereign state waves of planes are taking off native cruise missiles, land in serbia. it will all start again tomorrow night. in 1999 nato bombi

it's been a, it's been a high wafer invaders traveling from central europe, central asia, into europe and vice versa. and so there's no stability there. there's really no state there, there's no there there. and it's divided between the russian speaking east and south and the, and the, the ukrainian speaking west around the city of laval. and that is indeed the center of a very nasty, ultra right form of national. and it's just hard to imagine a viable state arising out of that. it's been a battle zone for years and likely will continue to be a battle down for years. and the u. s. empire sort of thrust itself into the middle of this kind of nether world, you know, and that's gonna stand the same way. i mean, ask dana stands the border zone as well. always has always been on governor governor both. it's not so much a nation as a place where the other nations and, and the u. s. thrust itself into that completely thoughtlessly. and after 20 years of ended in disaster and something tells me the same thing is going to occur the grant. i absolutely agree with you, alex, one of the, one of t

this will also be heard in moscow. europe cannot be divided also coming up. it's a symbol of cooperation in the stars, the international space station, with tensions over the war in ukraine high russia want to pull out of the project and take a giant leap forward in its commitments in space. we will fill all of our obligations to our partners, but the decision has been made to leave the station after 2024. i think by that time we will begin to build a russian orbital station, dr. ah, welcome to the day the european union's agreed a plan to reduce its reliance on russian energy at an emergency meeting in brussels . a new ministers struck a ill on rationing their natural gas is coming winter. i mean concerns at moscow might to further cut or even hold its deliveries the plans expected to see most u. member states cut at least 15 percent of their gas usage. if supplies for to critical levels. the new deals would allow emergency transfers of gas to member states and face shortages. european union has been negotiating the agreement after moscow announced it would

europe, a war in europe. a war in europe is starting.eived as europe, therefore this war is ours with russia, it is perceived as a crisis for europe. a person is sitting in an investment fund in an american one. he sees the word war in europe. europe is trying to take as much money as possible and transfer it to safer havens, first of all, in the usa, why in the usa, because they raised their key rate , they indicated that they would continue to do this, inflation there is very high for them, we are such infections, they paraded it, that is not why the money is running in the usa, money is running in the usa, the demand for the dollar is increasing, therefore , the demand for the euro and the euro is decreasing, the euro is cheaper. this is an absolutely economic process, there are no , you know, cave stones, and this is, again, a kind of challenge for europe that the war strikes in including on them because, on the one hand, european goods for export are indeed cheaper, but the weak euro is a problem for those investors who invest in so

this is bloomberg daybreak: europe. let's start with a quick recap of what we have heard from credit suisse, a huge net loss. seven times the loss that was expected, not all of that attributable to litigation costs. outflows they are talking about, the market environment resulting in an adverse effect on clients. as a result, the ceo is out once again and they will do a comprehensive strategic review. we will once again talk about what is next for credit suisse after crisis after crisis in recent years did and they find any kind of line in the sand? we will talk further about what the ceo might bring to the business shortly. we are getting numbers from deutsche bank as well and they are raising their cost income ratio target on cost rushers. trading revenue and fixed income was ahead of the estimate. we will hear a little more on the business later on but interesting to see what is happening with the cost-income ratio, worsening in their expectation around cost. to what extent are those under control is a question the m

the un things that as many as 30000 people across europe died. so really to your question that is the, that is the question where, what is the long term strategy? of course a lot of the strategy is more water and more energy use for things like air conditioning. but of course, that has its own impacts on the climate, and of course the energy crisis that we're seeing now. william, thank very much detail. he is william blue cross there in berlin. the european commission is about to outline emergency measures to avert a gas crisis across the continent. this winter, they're expected to ask countries to take steps to reduce gas consumption. over the next months. the move comes over fears that russia could completely cut all supplies to the e. u. da, not stream one pipeline where gas deliveries from russia have dropped to 0 to germany since last week. russia said this is dear to regular maintenance, but your leaders are already gearing up for the worst case. lucy, prussia, due to the energy as it uses food as a weapon of war. i think we must today prep

hello and welcome to focus on europe a europe that is facing huge and unprecedented challenges. one of which is now while fires are.

ah, hello and welcome europe is experience and another some our record break in temperatures. the north is breezing for a week of extreme heat while south and nations i've already seen temperatures climbing to new ice. the effects of the extreme heat has killed hundreds. blessed when winds have triggered destructive wildfires across port to go, spain, france, italy, and greece. several firefighters have been killed firefighters in spain's extreme, the door, a region faddle, wild fires through the night. at daybreak, military, police and aircraft joined the fight to get the situation under control. dozens of wild fires across spain have forced thousands to evacuate fire season has started earlier than usual after an especially hot and dry spring. so now guys that kick wedding down without a doubt at 40 degrees celsius, it's more difficult to extinguish the fire climate change effects. everyone in this area is usually green and cool in summer, but it's becoming very hot like cordova and seville in the south. i saw him avo coronado, my chevy. similar scenes are taking place acros

in europe, inflation is driven by energy prices. the fed can temper the john market -- job market through rate hikes. energy prices do not move because there is suddenly a higher rate. energy prices, there is a situation here. the reason the ecb is hiking rates is because they want to stop this inflation in energy to become entrenched and move on to other areas like services. where they face different situations and that explains why the fed has hiked so much already. guy: thank you very much indeed. joining us in the studio is a senior macro strategist at blackrock. nice to see. what's going on? >> this captures the conflicting narrative within markets. how are central banks going to react to the markets? what does this mean for what the ecb could actually do? we are starting to see markets price out the 50 basis point hike in september. they are still going to hike 25 points in july. it's all about the anti-fragmentation risk around that. with ecb pricing for markets is now over what the fed is pricing for markets over the next ye

we are not europe gas station. they cannot just come and say we need your gas o by your gas, and we'll take it to europe. they need to give something back to us. so it's not just about abandoning those green energy models at the drop of the hat. it's about an equal partnerships, as europe continues to not practise what it preaches, and critic say resort to its old colonialist mindset. is it any surprise that africans, now he, china, not to waste as the greatest to ally after all, they multi $1000000.00 project hadn't proved the lives of locals from providing bridges to hospitals to intimates. it seems as though the patient of african nations may have ruled just a little too thin, and they're looking around for new allies who give as much as they take fully fiarty time is good. well in other news, rushes held and in full meeting of the un security council, that's an attempt to shed light on the issue of new naziism and ukraine. resurrection of noises when you green didn't happen overnight. one needs to recall that f