on the european central bank, the head of the european central bank said we have tools to prevent volatilitystified volatility in the market. what is justified and what is unjustified, how do you differentiate was political and what is not? >> the ppi requires its four countries that are unjustifiable for russian markets, it needs the currency because the country will distinguish whether it is justifiable or not justifiable. one of the conditions is, the country denying with the current plan, the -- negotiating the plan, italy can be caught in the middle. italy goes to the european central bank, we are not in the -- it is a unique situation. >> i want to ask you, does this campaign on the political side -- is a serious allegation to say she was semi-fascist. this is a return of a new fascist movement for italy. for an international audience, are you led by a new fascist? >> i do not think so. >> no? >> we are conservative, the same way i would say the most extreme part of the u.s. conservative party conservative. it is not a fascist party. >> do you know who is going to be the next prime min

maria: yes, 75 basis from the european central bank, deutsche bank has changed their call.eve there will be another 75 basis point hike in october. this is a conversation not just about the magnitude, but also the frontload of these rate hikes. christine lagarde said the good the 2, 3, less than 4, 5. she was defiant about the forecast. the fact that there is a huge gap between what the market has priced in and the fact that the european central bank said they do not predict one for the time being, a lot of it has to do with energy, difficult to model a war, difficult to model a pandemic and energy blackmail. but every time they get it wrong, it is a hit to the credibility of the central bank and she is at the helm of it. francine: european energy ministers holding a highly anticipated meeting today. what can they do completely more than what we heard over the last 2-3 weeks? maria: they are and remember this meeting was called two weeks ago when something in the energy market was broken. the head of the commission has promised intervention. the goal is to bring down prices

. >>> key interest rate decision on deck with the european central bank looking to hike to combat inflation p we will preview what to expected from the ecb. >>> and apple officially pulling back the curtain on a slew of products, including the latest iphone launch. will the stock get a pop >>> shares of gamestop jumping after a new deal with a crypto platform >>> are you ready for football the nfl set to kickoff the season as online gambling p platforms look to cash in on bets it is thursday, september 8th. you are watching "worldwide exchange" on cnbc. >>> good morning i'm seema mody in for brian sullivan at this hour. let's kick it off with the trading day and how it is shaping up the futures are trading slightly higher dow up 6 nasdaq up by 4 stocks putting the stop to the selling streak dow gaining 1% nasdaq jumping 2%. let's look at the bond market. the 10-year treasury yesterday was at 3.3%. we're below that at 3.25% at this hour. let's turn to the oil market we see volatility there. crude prices falling to the lowest level since russia invaded ukraine. let's look at wti crude. we are

one is that you have the european central bank. it makes things clear. they will fight the fragmentation, but it brings up a good point. what is unjustified fragmentation, and what does it become obvious that this is a political storage? this will depend on the government, on sunday, and the policies that manifest that they want to react. i would say, when you look at this, and you move away from european central bank, the other factor that plays on the lack of volatility in the market is perhaps not as expected as it has been in other elections. there have been no mentions of italy exit. there are no potentials that the italy has crashed out of the euro, and contrary to 2018, this is a campaign where the rights in particular has been very focused on playing that message. there is no intention to pull out of the europe, and it is over for the time being. it plays no part, and it serves to calm down some of the fears. >> one of the staples of this policy, which is quite controversial, is investment in infrastructure. specifically in light of the energy cr

we have the european central bank walking right through it. let's start with what the european central bank said, what christine lagarde said because it was hawkish, and it was also very gloomy looking into next year. kathleen: it is not a pretty picture. it is tough medicine, but more and more central bankers, including christine lagarde, are realizing that this is what it's going to take to start getting inflation under control. granted, it is a lot of supply-side pressures, but they have to do something, and she made it clear they are ready to. >> the governing council today decided to raise the three key ecb interest rates five 75 basis points. this moves us toward levels that will ensure the timely movement of inflation. kathleen: as important as her and the ecb signaling they are ready to do more hikes, potentially even 75 basis point rate hikes. the jumbo size, in fact, she said they will do more hi hikes as needed. also interesting -- yes, they are forecasting much lower growth for the euro area. it is a realistic assessment. they have

today, for the first time in history, the european central bank raised its key rate immediately to 75o 1.25% explaining this by a sharp rise in prices in the eu take emergency measures against the backdrop of the energy chris is not only in the eurozone, the british authorities decided to borrow tens of billions of pounds and distribute them to the population and businesses in order to prevent a social economic catastrophe in the coming winter o why europe prefers to burn with banknotes rather than gas our british correspondent alexander khabarov the new british cabinet of ministers announced its plans to overcome the energy crisis decided to impose a ceiling on the price of gas for 2 years british households on average will pay no more than 2,500 pounds per year for it we want people to have confidence such measures will limit inflation and lead to economic growth, the proposed measures may cost the government great britain at £150bn, but a newly formed cabinet. still, he took such a step, record gas prices threaten mass closures of enterprises, certain power outages, the coming wint

there has been no talks around that and you still have the european central bank active in this marketgoing forward, however, there are a number of things to watch out for. first is the balance of power within this coalition, whether meloni is able to cement her power. the other thing is the finance minister. they will have to manage the energy crisis that italy sees and just like any other european country, those bills are going to be a big issue for the italian economy of the potential downturn that will come with it. for the time being, this is a story that combines the actions of the european central bank but also the fact that this election will play a hard role. it is no rule at all. >> maria tadeo with the latest results from italy. take a look at the currency markets now because we have a strong u.s. dollar at the moment. talking about european assets, they are spacing uncertainty not only because of what is happening in italy, but the u.k. government's fiscal plan. that tilted the british pound down more. we are talking about more declines in the asian session after they had f

maria: that is the only question because the european central bank has to hike rates. the single mandate is price stability close due to percent, if you look at the picture of inflation some places now more than triple that goal. the only tension going into the meeting is will it be 75 basis points or is it a 50 basis point hike? the 75 basis point camp argues there is now a window and you have to take quick action. this is about the credibility of the institution. the 50 basis points, what they say is there is no denying this is an economy facing recession and a full-blown energy crisis. we will have to wait until 2:15 frankfurt time to find out. today we're hearing frankfurt at the ecb but tomorrow there is an important energy ministers meeting in brussels. this is a story of the ramifications of it that has become a single subject now for policymakers. francine: because of that weakness in the euro zone, is it 50 or 75 basis points? we will have coverage of madame lagarde's news conference today at 1:15 p.m. u.k. time. joining us to talk about the big rates decision

it creates more troubles for the european central bank and its policy path forward.ve more ahead on daybreak. this is bloomberg. ♪ >> a quick check of the business flash headlines. meta has outlined sweeping plans to reduce headcount for the first time. it is freezing hiring and restructuring units to trim expenses and reorganize priorities. meta will likely lead -- be smaller in 2023 then this year. softbank group is said to have started laying off employees at its vision fund. it is expected to cut 30% of staff from the london-based unit. the fund recently posted $23 billion loss. most of that coming from a plunge in valuations in the portfolio companies. one of amazon's executives is leaving after making crude remarks on tiktok video. the procurement chief told bloomberg he sincerely apologizes for mistaken attempt at humor. volkswagen said porsche's final listing price of the upper limit raising over $9 billion and fetching a value of $73 billion. the ceo said he is confident that the carmaker can whether an economic downturn. >> we don't expect a slowdown propor

on thursday, we will have the latest rate decision from the european central bank. what a decision that is from adam lagarde followed by a press briefing from christine lagarde and on friday, eu energy ministers will attend an extraordinary meeting in brussels to discuss an emergency intervention and electricity markets and eu finance ministers meet in prague. a busy week for officials in brussels as a wrestle with the cut off of gas from nord stream 1. let's check back in on the single currency. the euro declining below 99 u.s. cents for the first time in two decades. it drop of close to 0.7%. the weakest euro adding and exacerbating these inflationary pressures. the ecb will make its rates decision on thursday. the market is pricing in 70. let's check out the european futures. a drop of more than 3% as markets weigh that energy shove. it will be a brutal day for european equities. coming up, the julius baer yves bonzon. and later, we will have more on the race to become the latest uk prime minister and the mounting economic challenges facing whoever takes up resid

money markets just starting to price 75 basis points in the european central bank. at this time we know the situation around energy and gas remains. that's part of the mix as well. pressure on the industrial bases in germany, a reminder that the economy in europe is fragile. the ecb has been compelled to address that inflation. joining us as the chief cross at at -- cross asset strategist for morgan stanley. always great to get your insights and analysis. your concerns around the recessionary risks here and whether the ecb can go 75 in september. >> nice to be with you. europe is a difficult position prayed we are below consensus in europe. we think it will see a recession in the back half of this year. i think that's a below consensus growth view and i think it puts the ecb in a difficult position where inflation is high, higher than the ecb would like it. you have that growth backdrop you are hiking into that will make those issues even worse. we do think they will continue to hike. one reason within the euro continues to be lower. >> wears a bottom of the euro an

the european central bank has bought more worth more than 10000000000 euros of italian bonds in the last month at stake. also the 200000000000 euros allotted to italy under the use pandemic recovery fund for which the outgoing government promised reforms. earlier i spoke.

the european central bank has bought more worth more than 10000000000 euros of italian bonds in the last months at stake. also the 200000000000 euros allotted to italy under that use pandemic recovery fund for which the outgoing government promised reforms. earlier i spoke to claim ins foose from the e fo institute for economic research. i asked them what maloney's victory will mean for relations between the e. u and italy. i think the expectation is that there will be more conflicts, but i think it's important to give the new government the chance to behave cooperatively. italy wants to get a lot of money from the you and this is linked to conditions. so there are strong incentives for the new government to comply with these conditions. so that's what i expect them to do with the rhetoric during the campaign. is one thing. but i think the political reality will have its effect, so i wouldn't expect a major conflict. of course, there's a lot of uncertainty regarding the, the way in which the new government approaches its relations to the you. so you spoke of conditions and of course thes

my question is, christine the guard, the european central bank lady came out and they are having an economic crisis in europe. they have had 11 million flee ukraine. is there any possibility that we could issue visas to fill some of these 11 million jobs we have? because we have three jobs for every person and they have one person for every three jobs. thank you for your service again. you have a blessed day. guest: america has the most generous and compassionate immigration system in the advanced free world, amongst wealthy nations across the entire planet i challenge anyone to find a more welcoming and compassionate immigration laws. we want immigrants from across the world to come to america legally, including ukrainians that have been displaced by the barbaric invasion of their >> c-span's washington journal, we are taking your calls live in on the news of the day and we will discuss policy issues that impact you. coming up will talk about immigration, the economy and interest rates with adriana's via and we will continue the conversation on immigration with republican conversation -- co

businesses have been hardest hit by costs for energy and groceries, raising pressure on a european central bank even higher. now, sticking with the subject, ethiopians are seeing the highest inflation in a decade as war in the countries. t gray region drives up spending an increases debt. ethiopia was once one of africa's fastest growing economies, growing an average of 11 percent over the last decade. growth felt below 4 percent, however, between 20212022. according to the i m m. o. 2 years ago, brazil central bank announced the launch of a free electronic payment system called picks. brazil scratched their head, they'd never heard of the system, but to day daily picks, transfers exceed the number of credit and debit card transactions in the country. brazilians use a to buy food parent and even to help the poor shoe al claudina. desousa is on housed and earned his living on the streets of sao paolo, on many occasions he is forced to ask for money from passers by and drivers. he's been receiving less and less cash. and more transfers via picks him at woodrow simply, it's very easy for every one

let's have a look at some of the other global business stories making this the european central bank has raised its key interest rates by an unprecedented 75 basis points today. this is the 2nd time e. b has raised its main rate this year in an effort to curb or inflation in the euro areas, which stands at an all time high, 9 percent. meanwhile, the british pound has plummeted to its lowest level against the us dollar since $985.00. it's largely due to a weaker outlook expected for the okay. economy. the bank of england expects the economy to shrink from now until the end of 2023. once again, the main reason rising energy costs due to russia for in ukraine, the prices have fallen to their lowest level thrushes invasion of ukraine. and february brent crude drop below $88.00 a barrel amid looming recession risk for the global economy. surging inflation and rising interest rates are weighing on consumption. apple has unveiled its new iphone 14 models along with new earbuds and watches. despite price inflation across apple supply chains, it's kept the prices for the devices the same as l

the european central bank later on, 75 basis points are likely.onviction amongst traders suggests they are not completely sure about that either. today he will be delivering a speech in five hours focused, surprise surprise, on inflation. for more let's bring in our global economics and policy editor kathleen hays and andreea papuc. , what was your take away? kathleen: they are staying on message. they will keep hiking rates. lael brainard, the fed vice chair does not speak as much as other officials so when she expressed views today everyone listened. >> we will responded to get inflation down. we have expeditiously raised the policy rate to the peak of the previous cycle and the policy rate will need to rise further. shery: there will be a fed -- a point where the risk will become more too cited. but for now, she says policy needs to get more restrictive. she sees more rate hikes needed. as for the beige book, it is regional districts. 12 districts that gather anecdotal evidence to say, where is the economy going? crosscurrents, strong retail sa

the european central bank has bought more worth more than 10000000000 euros of its.

what options are ministers considering the after the ease of either european central bank acted? yesterday, the board is known the feud of the finance ministers. they have to come up with some measures to fight inflations. and one of the former smithers would be a sound fiscal policy. so less step. but on the other side, they want to ease the pressure on prices for consumers. there are many 8 packages and the development a bit would actually heighten the debt of the finance ministers and the public household. so it's very difficult to find a balance here and ministers. i'm not agreeing on what measures to take the southern countries. one more did the northern countries was one less that a and, but all agree that the inflation has to come down somehow. and the ministers don't have an actual direct impact on the prices here. okay, we're talking about agreement here. g 7. countries have been talking about a price cap on russian oil for months. russia and opec had been a warning against it. now germany is pushing for it. why is that sledge? germany as the presidency of the g 7 announ

let me say in the outset that the fed will definitely have a conversation with the european central bank and with bank of england and other regulators around the world about climate change issues. i was just in london meeting with one of the committees of the stability board. we are talking about climate change as one of the issues that we are working on. different regulators have different statutory mandates. some regulators have explicit mandates with respect to the varmint and it changes the way they think about their role with respect to the broad range of the jews that might be taken in. i would say, in part, conversations with others that have looked at scenario analysis day to are early in their work and they too would think of their work as provisional. we are learning from it but i would -- i would describe this as really early in the process. let me say, with respect to community banks, we are quite a way from being able to offer good advice to community banks on the issue of climate change. the work we are focused on and will be focused on this coming year is focused at the la

and that's raising pressure on the european central bank. the international monetary font expects a stronger economic downturn worldwide in the 3rd quarter. it points to continuing lockdown and china supply chain disruptions and inflation. the i m f expect many countries was slipping through recession next year. world bank issued a similar warning. adding the threat of a global recession is rising. 2 years ago, brazil central bank announced the launch of a free electronic payment system called picks, and many brazilian scratch their heads, they never heard of the system to day daily picks, transfers exceed the number of credit card and debit card transactions. brazilians use it to pay for food, pay for rent, and even help the poor shoe al claudina desousa is on housed and earned his living on the streets of sao paolo, on many occasions, he is forced to ask for money from passers by and drivers. he's been receiving less and less cash and more transfers via picks it make him and want to see if it's very easy for every one. even a homeless pers

let me say at the outset that at the fed we're definitely in conversation with the european central bank and with the bank of england and other regulators around the world about climate change issues. i was just in london meeting with one of the committees of the financial stability board talking about climatechange as one of the issues that we're all working on . different regulators have different statutory mandates. so some regulators have an explicit mandate respect to the environment. that changes the way they think about their role with respect to broad range of issues that could be taken on. i would say in our conversations with others who looked at scenario analysis that they too are also really o,early in their work. they too would think oftheir work as really essential . so we're learning from it but i still describe us as really early in that contest. let me say with respect to community banks , we are quite away from being able to offer good advice to community banks on the issue of climate change. and so the work that we're focused on and we will be focused on in the coming

this morning, the european central bank joined the u. s. ve and making an interest rate hike to combat record inflation. banks 25 member governing council raised its key benchmark by three quarters of a percentage point today that its largest ever rate increase. russia's war in ukraine is fueled inflation in europe, with russia sharply reducing supplies of cheap natural gas used to heat homes, generate electricity and run factories that has driven up the gas prices tenfold. coming up at 8 35 happening today, the nfl is back the regular season kicks off with the potential super bowl matchup. defending champions los angeles rams hosting the buffalo bills, even though the game is at suffice. stadium in l. a. the rams are actually underdogs against the bills, who are the favorites to win it all this season. it's a bad news for the 49ers before sunday's game against the chicago bears super star tight end george kittle suffered a groin injury early this week and is considered day to day. the niners had hoped he would practice yesterday, but he is

let's have a look at some of the other global business stories making this the european central bank is set to announce its decision on the interest rates today. the tv is expected to increase the policy rate for a 2nd time this year. i 50 to 75 basis points ahead of the decision the euro was just north of a to decade low. normally, high energy prices have pulled it down against the dollar. meanwhile, the british pound has plummeted to its lowest level against the us dollar since $985.00. it's largely due to a weaker outlook expected for the okay. economy. the bank of england expects the economy to shrink from now until the end of 2023. once again, the main reason rising energy costs due to russia's war and ukraine as you put to loyal prices, have fallen to their lowest level since russia's invasion of ukraine. and february brent crude drop below $88.00 a barrel amid looming recession. risk for the global economy. surging inflation and rising interest rates are weighing on consumption. apple hasn't veiled its new iphone 14 models along with new earbuds, and watch it. despite price in

we will hear from president lagarde of the european central bank.ear from chairman powell. we will take the news conference, then eventually shift towards chairman powell. that is 30 minutes after we heard from the ecb, they delivered a 75 basis rate hike and signaled there may be more to come. here is the outlook for inflation from the ecb. i will quote the governing council directly. as the current drivers of inflation stayed over time and the normalization of monetary policy works its way through the economy, inflation will come down. here is the but, looking ahead, the ecb has revised up their inflation projections and inflation is expected to average 8.1% in 2022, 5.5% in 3023, and 2.5% in 2024. are they aspirational forecasts, considering they forecast the icd growth not including recession? recent data points with substantial slowdown in europe's economic growth, with the economy expected to setback later in the year in the first quarter of 2023. with supply bottlenecks easing, they are constraining economic activity. the forecast from the st

that is what has changed since jackson hole for the european central bank.raders and many economists were signaling they were very open to a 75 basis point rate hike but now they have the threat of a session, governments having to dole out billions of dollars just to help their citizens pay energy bills. traders still see about a 68% chance of a 75 basis point hike. it had been as high as 80%. the central bank governor of mafia saying entrenched -- a lot for you saying entrenched recession could impact rate hikes. talk about jumble -- jumbo rate hikes. data bank of canada, a 100 basis point rate hike in july. they just did their fourth 75 basis point rate hike in ebro. look at -- in a row. that left the door open to further hikes if needed. they signaled inflation starts coming down. if it continues coming down they go slow down too. with some latin america central banks, this could pave the way for the ecb to do this, 75 basis points. i think right now they are focused on their own economy, the energy crisis. paul: do not miss our coverage of the ecb policy

the european central bank started a tightening cycle in july after years of loose monetary policy.e target is 2%. the soaring prices prompted participants to resume with another rate hike this month. let's get a check on the markets. >>> that is it for "newsline biz". thank you very much for watching. >> the united nations says there is evidence moscow was forcibly taking ukrainian children to pressure to be adopted and the thousands of other ukrainians are being forcibly deported from russian occupied areas. the u.s. says these actions amount to war crimes. kyiv says it is making advances in russian controlled areas surrounding kharkiv as well as an offensive last week to retake the port city of kars

. >>> the european central bank will hold a policy meeting. bank raised interest rates by a greater than expected, 0.5 percentage points in july to tackle surging inflation. it was the first rate hike in 11 years. inflation hit 9% in august before going toward double- digit territory on the soaring gas prices. policymakers appear worried that even long-term expectations may surpass the 2% target, indicating a loss in confidence in the banks ability to control inflation. the analysts say the coming meetings could see a hike between 50 and 75 basis points. also on thursday, japan will revise gdp numbers for the most recent quarter. the preliminary figures showed gdp expanded 2.2% from the previous quarter. that is a one third quarterly rise. this was due to a recovery in consumer spending, which accounts for more than half of japan's gdp. the country lifted quasi- emergency measures against covid-19, nationwide in march. >>> a new regional trade initiative by the united dates will start its first in-person meeting on thursday. >> dando pacific e

european central bank kind of was dancing to its own tune. hiking interest rates. and japan of course is in some other planet or universe when it comes to what's happening with both inflation there and with its central banks. so you can't count on them i think, joe, europe is a bit of a mess now when it comes to the possibility of recession, and the question we have to ask ourselves is how much of that ends up in sort of washing ashore here when it comes to the u.s. economy they have all sorts of issues over there, higher inflation, probably a deeper recession. as you know, the bank of england, joe, uncharacteristically forecast a recession in its latest forecast >> so they're going, okay, we're going to pay for your energy, you know, whatever, if it's too expensive, we're going to basically subsidize it so inflation is going to be lowered, but how does that work? so the consumer won't have the inflation, but the government's got to print money to cover what the consumer doesn't have, so how is that is how is that, it's more finflatio down th

the bank of japan has become the only central bank with negative interest rates. the doj along with the european bank and the swiss national bank had been one of the few with rates below 0 in the last couple of years. however, the ecb pulled the rates into the positive in july. and the smb did the same at its policy meeting that took place right after the doj's on thursday. the boj is now alone with negative interest rates. let's now check on how the tokyo indices closed this thursday, september 22nd. the nikkei declined by .6% ending at 27,153. the broader topix lost .25%. investors sold shares as they worry that the fed's aggressive outlook an rate increases would dampen global growth. >> can you tell us some of the specific levels that we're looking at for the fed's outlook? >> sure. the central bank's updated forecast shows the key rate peaking at 4.6% in 2023. the current rate is at a range of 3 to 3.75%. it hooks lilooks like there aref rate hikes in store. they're tightening aggressively as inflation real estate mains high despite the previous hikes. although the consumer price index did

in europe, major indices gained ground on the european central bank hiking rates this week less thanhe .3% that had previously been forecasted. the dax up on the day. on wall street, another losing session after the long labor day weekend. strong u.s. jobs report friday contributing to fears the u.s. fed will continue to aggressively hike interest rates this month. the nasdaq, seventh straight day of losses, closing down .25%. the parent company of donald trump's truth social app signed a deal to take a public on stock markets. the plan was to provide trump media and technology group with a $1.3 billion cash infusion as they combine into a publicly traded entity. the plan has been on ice ami investigations by u.s. regulators and the justice department. on tuesday, the digital world failed to secure investor approval for a one-year extension to complete the merger. it is delaying the final shareholder vote until thursday. trump has downplayed the setback saying it is doing really well and in any event he doesn't need financing because he is really rich. fantastic business. only a coup

the interest rate policy of the european central bank must also change as we must now finally tackle this increased inflation caused by it. i also believe it is necessary to reconsider the sanctions policies that have been imposed on russia. one is a self defeating move away from russia, oil and gas. and if you aim for it, it cannot be achieved overnight without doing tremendous damage. basically pursuing a destructive policy again. well, that wraps up this new. thou, they feel to check out loud. see, don't mom for all the lives of this. i will be back on the top of the hour. so we hope you join us awe on november, the 3rd 1945, just a month after the war ended, the u. s. joint chiefs of staff receive report number 3 to 9 and select 20 targets to attack in the soviet union with nuclear bombs. the time was right. as the u. s. s, i was devastated by will the united states last about 400000 people at the brits last less than the americans did. and the soviet suffer. 27000000 deaths bmw 27000000 is an incredible number by john kennedy gave us the american university of commencement addre

- of interest rates, bank rate, at 6%, whereas the european central bankr that. it is because there is more money injected _ where near that. it is because there is more money injected into- where near that. it is because there is more money injected into the - is more money injected into the economy— is more money injected into the economy by— is more money injected into the economy by the _ is more money injected into the economy by the government . is more money injected into the i economy by the government which is more money injected into the - economy by the government which the bank has _ economy by the government which the bank has two _ economy by the government which the bank has two offset. _ economy by the government which the bank has two offset. in _ economy by the government which the bank has two offset. in some - economy by the government which the bank has two offset. in some sense i bank has two offset. in some sense the government— bank has two offset. in some sense the government has— bank has two offset. in some sense the government h

the other conversation that i just recently had with the european investment bank and also with the european central bank is how can may help, how can we, in, i enable short term loans. that actually could probably address some of the city level disruptions, transport, poverty, and energy poverty. the consumers are going to see whether it be in buildings or whether it be in the transport system. so we have a lot of tools in the tool box and my key council to the european commission. and actually president vander lion just this week has been do not backtrack. now it is the dis, functionality of the markets that we show very clearly in our book or for all her survival guide for humanity. this dependency on too many short term suppliers which will get us in a future long term mess. and so we need to think about how we properly invest and give the signals to investors to continue to move towards renewables. and demand side management efficiency measures are the one your thoughts on this as well. but i want to go to amendment and as mayor 1st, what's your reactions about? well, i also think that good luc

the eu have become used to dealing with to an extent, mario draghi, former governor of the european central bankterms of eu approach to things... he is gone, and in comes giorgia meloni. she has even suggested the sanctions being laid against russia are crippling italy. is this another moment where we might see a little splintering of that sense of solidarity in terms of the eu versus... vis—a—vis ukraine? terms of the eu versus... vis-a-vis ukraine?- terms of the eu versus... vis-a-vis ukraine? well, to the best of my _ vis-a-vis ukraine? well, to the best of my knowledge, - vis-a-vis ukraine? well, to the best of my knowledge, it - vis-a-vis ukraine? well, to the best of my knowledge, it was . best of my knowledge, it was not giorgia meloni who said something against sanctions against russia. where some other members of her coalition, namely matteo salvini and silvio berlusconi... there was a paradox in the past few months in italy. at least on ukraine, giorgia meloni was very close to mario draghi, despite the fact she was in the opposition. i don't see how italy can shift position on ukraine

investors will be watching the european central bank's policy meeting on thursday to see by what marginthe central bank will be raising interest rates to deal with inflation. expanding her empire beyond media and fashion, kim kardashian is launching a private equity firm. the reality star is teaming up with industry veteran jace hammond to open skky, with the trademark two k's. it will focus on investment in consumer and media companies, with consumer products, digital, hospitality, and like tree. kardashian has successfully monetized her celebrity influence and social-media following into a series of businesses. she has a net worth of $1.8 billion. mark: but for her. -- good for her. kate, thank you very much indeed. maybe consider that as a business plan. we will work it out together. great to see you. let's turn our mind to matters truth or fake. our daily fact checking segment. he has been claimed online by some people that ukraine is staging russian war crimes. let's go over that with catalina for the answers. catalina: indeed, turning her eyes ukraine, since august 12, it is claim

european and u.s. debt as well on geopolitical risks and as we look ahead to the central-bank action from the fed. for the european market open. a lot more action coming up ahead. "bloomberg surveillance: early edition" up next. this is bloomberg. ♪ >> those who were keeping silent today are complicit with the cause of a new imperialism and a new order that is trampling over

the interest rate policy of the european central bank must also change as we must now finally tackle this increased inflation caused by it. i also believe it is necessary to reconsider the sanctions policies that have been imposed on russia. it's a self defeating move away from russian oil and gas. and if you aim for it, it cannot be achieved overnight without doing tremendous damage, basically pursuing a destructive policy. while there are other, these are the 1000 say, have r t dot com for all the latest updates and will be back on the hour. so we hope you seen to do any them. ah ah ah, north atlantic alliance recognizance aircraft wolf shipped, cruising close to russia's borders, have become commonplace along with military hardware redeployment and large scale exercises. nato has also developed its offensive capability near the russian borders. ah ah, every year a russian bank resolution is submitted to the un against the glorification of not system the outcome is always the same, few estimates against it. and in recent years with ukrainian backing with typically that you obtains,