that 15% of the country's capacity and storage must be filled with gas purchased through the european central point. according to brussels, such a measure would be an adequate response to the situation in which they themselves. and they provoked an increase in prices for blue fuel, competing with each other due to suppliers. this was the news of the economy. i wish you success in business and good mood. see you. on tv channels belarus 1 belarus 24 continues the program zone x i violetta sokolovich. hello, the investigation is looking into the circumstances of the tragedy on abstern lake in the new york area, where a boat with fishermen capsized. it is known that one rybak was able to swim to the shore on his own; the body of the second was taken out of the water by the employees ; the body of the second 60-year-old man was taken out by the employees; the investigator, with the involvement of a specialist from the state committee for forensic examinations conducted an inspection of the scene, incident, interviewed eyewitnesses, appointed a forensic medical examination, all the circumstances of the i

european union. the centralization of purchases of up to 15 percent of the gas purchased for storage in europe is supposed to be purchased and distributed through the european central pointll decide for himself who and under what conditions will be admitted to the distribution of resources. the european commission believes that the increase in gas prices is caused by competition for suppliers. until now, in a market economy, it was believed that the competition of suppliers and the diversification of sources of supply are the main tools for reducing prices. in this regard. it is amazing at what speed any absurd proposal thrown in by the american administration is being implemented, the us treasury secretary did not have time to generate the idea of ​​\u200b\u200bceilings in jenner , as they already took up its implementation, diligently european functionaries, the european commission, and i quote, are considering the issues of limiting gas prices depending on the level of relations with the supplier country. the head of the european commission, ursula sudog, notes that such a vivid statement is almost unthinkable, in fact, the introduction of ceilings is an attempt, not

the european central bank has raised its benchmark lending rate by $75.00 basis points. and other large hike that brings rates to a level not seen in more than a decade. euros on, barring rates had been low for years until the war and ukraine spurred rapidly rising energy costs. this is the 3rd rate hike since russia's invasion, the c, b raise rates by half a percentage point in july. and then follow that with a 75 basis point hike in september or earlier today. and before that meeting, i asked maria de merits us of the brutal institute if raising rates isn't dangerous for an already trouble euros on economy. i think that's probably right or simply because of the nature of inflation in the, in the you actually in the eurozone is very different than to the nature of, of inflation in the us here. inflation is very much driven. certainly in the beginning, i buy energy prices and i would have been an important to identify because this is what determines what they said we can do. if you're going to raise interest rates without resolving this, of energy prices are you doing is

the european central bank rising by 75 basis points, it was not unanimous.licymakers wanted a smaller half-point in his. there was debate about whether to acknowledge quote progress in normalizing prop -- policy. president lagarde says more increases could happen in the coming months depending on data. >> it might well be several meetings. the house several is that will be determined meeting by meeting. we know the path, we know the journey, we know the destination, which is not as clear as a figure that you would like to pin down because we cannot do that. rishaad: turning now to elon musk, saying he is buying twitter to try to help humanity out of love. the world's richest person on track to acquire the company for $44 billion on friday. ahead of the deal closing, musk says it is important for civilization to have a, and digital town square but added, it cannot become a free for all hellscape. president putin heaped praise on saudi arabia reiterating its support for china's claim on taiwan. putin seeking to cast russia as a champion of conservative values

the european central bank raised its t interest rate by $75.00 basis points, an attempt to slower inflation, rushes war in ukraine and post pandemic supply chain problems are key drivers of rising cost. yours and country grease is experiencing a major post pandemic tourism bounce back. but hope's the sector could power a meaningful way out of the current economic crisis. are being damped and by consensus dumped a damp. and even if i concerns about inflation and the cost of energy or the grand acropolis of athens continues to attract visitors from all over the world. and in 2022. it's in even more traffic than ever before. the booming tourism sector in greece is expected to outperform the record ear of 2019, went around 33000000 tourists, visited the country, bringing in revenue of more than 18000000000 euros vizier. the greek central bank is expecting tourism to rake him. 20000000000 euros. but the countries struggling with high inflation of around 12 percent in our long winter waits ahead. i mean to europe. so i'm going energy crisis. the question is, i'll, we'll do winful from tourism be

the european central bank is expected to boost rates by another 75 basis points as it steps up the efforts to subdue inflation. meda sinks 20 percent after hours as sales disappoint amid a gloomy ad market. also spooking the investors. there will be axes falling across credit suisse. they need to raise capital and they have taken a major investor from the banking side. they saw significant deposit assets under management. dani: the question is, where do those outflows go? it did not go to ups. they will cut the cost base by 15%. it will mean that they will cut about 2700 jobs in the fourth quarter. they said they had a hold of 6 billion frank. they will raise capital and according to kbw, the whole is still there. manus: absolutely. there is a radical restructuring on the way at the investment bank. the expect the workforce to fall. you have a restructuring charge between the fourth quarter coming up and the 2025. it is the deferred that seem to be one of the bigger lines. there is a fresh headline on that. dani: we have the reporter with us who has the screw. earnings were much weaker tha

the european central bank has raised its benchmark lending rate by $75.00 basis points. another large hike that brings rates to a level not seen in more than a decade. years on, barring rates had been low for years until the war and ukraine spurred rapidly rising energy costs. this is the 3rd rate hikes since russia's invasion, the e. c, b raise rates by half a percentage point in july, and then follow that with a 75 basis point hike in september. now, earlier today, and before that meeting, i asked maria de merits us of the brutal institute. if raising rates isn't dangerous for an already trouble euros on economy, i think that's probably right.

reminder, the top business story we're following for you, the european central bank is expected to raise interest rates by 3 quarters of a point. it's an effort to curve inflation even further, but it will put even more pressure on an already strange euro's own economy. all right, that's it for our show will be back later with more. in the meantime, you can find out more about these and other stories online. d, w dot com slash business are also on youtube or the dw news channel. i'm seeing busy, invalid next roger. ego, india. kimberly in, whoa. in ongoing decline in demand has reduced the number of sheep hairs causing the ecosystem to suffer. now some local organizations are trying to rejuvenate the want trade, which would revive traditional craftsmanship and benefit the environment. eco, a dw, she's got a thought say what grade level with every creature as a police need to be to printer in the jungle and infected.

. >> european central bank policy announcement coming out at 8:30 a.m. what should investors look for there? >> another 75 basis pointsike. do they speak in a dovish way? you saw the bank of canada yesterday which kept the market from falling more than it did with the negative earnings from microsoft and google we will see if we get a dovish tone that is what a lot of people are hoping for a lot of the rally has been based on since late last week as well my concern is a pause or not a pause yet. it is a throttling back. we will still have rate hikes. bear markets tend to keep going until the fed stops tightening you know, i'm worried that pause is not a pivot i'm worried that we still have more headwinds to work through >> matt maley, thank you >> thank you, seema. >>> still on deck, how a hidden gem inside meta's mess is pushing one sector higher in the pre-market we're back with that story after this ♪♪ age before beauty? why not both? visibly diminish wrinkled skin in just two days. new crepe corrector lotion only from gold bond. champion your skin. >>> time now for the big money movers buried in meta's mess of a r

the european central bank has raised rates to the highest for more than a decade, adding on sunday 5 basis points to try and tame record inflation. the move marks a tough balancing act for the e. c. b, as it tries to keep prices under control while attempting to avoid a looming recession in the euro zone. the covey pandemic has left its mark, but more importantly, russia's war and ukraine and the knock on effect on fuel prices of putting the years on economy under pressure. andrarios now is fritzy cola guy who is chief economist at german state owned investment and development bank k f w. thank you very much for joining us for it. see both italy's prime minister maloney and france as president micron of warned against increasing interest rate saying it could cause of recession. the c b president of course says it's necessary to contain inflation. so who cited you on? well, i think and the current inflation readings that we're seeing in the euro zone, these d b has to show that it's primary goal is to maintain price stability and, and about 10 percent for the euro's down as a total u. c. b, it has

the european central bank has raised rates by half a percentage point and signaled more hikes to comee rise comes as prices registered one of their biggest quarterly drops on record. in wellington, house prices slumped 8.5%. ray dalio has given up control of bridgewater associates, the firm he built into the world's largest hedge fund. the billionaire cofounder transferred all his rights to the board of directors and stepped down as one of bridgewater's co-cios. the move marks the end of a succession which started back in 2010. global news, 24 hours a day, on air and at bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. dani: thanks so much. coming up, the battle for customer loyalty and the cost of living crisis. we are going to look ahead to earnings from tesco next. this is bloomberg. ♪ dani:dani: let's take a look at the key things we are going to be watching out for. we are going to have u.s. mba mortgage application, then more jobs data. adp employment change data. followed by global u.s. pmi. opec-plus meets in

at one point, mario draghi was someone who was perceived by some members of the european central banke and taking decisions by himself. the fact she is seen as a consensus maker at this point where this is in many ways territory for the central bank, frankfurt is the best way to go about it. jonathan: we will catch up later. fantastic coverage, as always. reading through the statement, not a whisper of cutie in this. the italian move faded off the back of that. tom: jeremy continues with us. what we listen for with lagarde, she is going to make a formal written statement. i will be blunt. the questioning of the ecb is sharp as a tack the journalist, what is the question you are going to listen for that she needs to answer? jeremy: i think the market is keen to understand where the terminal rate is and see whether the ecb is moving away from this frontloading narrative and is going to mark the market, meeting the meeting prices. it is going to be driven by the data. i think we need to see and try to understand how the terminal rate plays out. we will see if that reflects back into how

the european central bank also expected to deliver a 75 basis point hike this morning.ern were waiting on the development, the faq 111, down 47 in the dax index lower by 76. in asia overnight markets were mixed and the biggest mover overnight index appointed third-quarter percent. now with 12 days until the midterm election. republicans are demanding more from answers that hunter biden's business with the chinese communist party as a 634 page report on hunter's laptop has finally been released sparking questions about hunter's cozy relationship with this chinese secretary and why she was urging uncle joe to run for president as a bidens were taken in millions from chinese energy companies cefc with ties to the ccp. new york post columnist miranda devine is here to talk all about that. don't miss it at 7:30 a.m. eastern. "mornings with maria" is live right now. a♪ ♪ members of the gop oversight committee demanding more from answers from the fbi about hunter biden's chinese secretary congressman james comer sending a letter to the fbi claiming oversight committee has docu

points. one of the central matches of the european football weekend was the spanish el clasico at real madrid and barcelona met in the ninth round of the spanish premiere. the team occupy the first two places in the table and until yesterday both clubs were in the championship without defeat, by the break, real had won another goal in two goals. karim benzema scored the main contender for the golden ball this year, as well as valverde. barcelona returned the intrigue 10 minutes before the end of the match. ferran torres scored already into an empty net, but then there was a penalty kick against barça. rodrigo and the confident victory of real madrid with a two-goal difference 3:1. russian tennis player andrey rublev became the winner of the atp-250 series tournament in the spanish city of gijon in the final of the tournament andrey rublev beat the american sebast on the cord 2:0 in a set 6263 rublev's victory in 1 hour and 17 minutes three times, during the match andrey rublev took the opponent's serve, the russian did not give a ruble mind. confirmed the status of the favorite of the tournam

point hike in december. this week we know the european central bank also raised interest rates. japan left rates unchanged.ts ahead of next week and the impact of all of these rate hikes. >> good morning, maria. well, look, i think the market is correctly priced. i think we're looking at a 75 basis point rate hike next week and then 50. i think the key thing around the 50 will be the tone around the messaging. this is a fed that doesn't want to necessarily drive us into recession. particularly some members of the fomc are getting increasingly nervous about that but i do believe the 50 basis point message will be delivered with a very, very hawkish tone so the sort of talk of the pivot that the market is desperately trying to latch onto i think is very misplaced. this is a fed where the inflation target is miles away from where it needs to be and where, frankly, the labor market remains far too robust. i mean, we just had gdp data. we have nominal gdp growing at 9 and-a-half percent. that's double anything we've seen over the last decade. however you switch those divisions around between real and inflation,

the european central bank has announced its biggest rate increase for more than a decade, raising interest rates by $75.00 basis points to try and tame record inflation. the move marks a tough balancing act for the c b as it tries to keep prices under control. while staving off a looming recession in the euro zone, it's a 3rd rate increase in russia's invasion of ukraine, which is nancy, which has seen low borrowing rates shoot up as a conflict, a sent shock waves global markets, and shaken economies across the world. we go through this with stephen beardsley from data blue business. welcome, steven. so is this the mets in the markets need against this record? inflation will say, this isn't going to solve inflation alone, but many believe that it's a step in the right direction because inflation is so intense right now. close to 10 percent for the u. record levels. ultimately though, europe is not going to get a handle on rising prices until it solves the energy crisis, which is which it's in. and that's largely because of the war in ukraine. at the same time. the c b does have a mandate to fight inflation and to resp

later this month, a call for a 75 basis point hike from the european central bank.cb front and center pray we heard from the chicago fed president. take a look what he had to say. >> the federal reserve is committed to returning inflation to its 2% average goal. i expect we will need to raise rates further and hold that stance for a while. policy will depend on the evolution of economy and risk to the outlook. >> some people are excited that there may be a pivot around the corner. gasoline prices on the rise until the macro suggest more material weakness. they go on to say that we are generally weak against market. how many times have we done this to last three or four months? >> it helps swing internal. i think the markets have been looking for any window of change and pivot and i do not think it is there. i think the most important point in that speech was average inflation. i think that gives you more room. i do not think they are going to be completely dogmatic to get to 2%. it has to be 2%-ish. the average thing is what i've picked up on. it takes them a lot in

it's raised its interest rate by 3 quarters of a point for the 3rd time last week, and signaling the more large rate hikes are to come. the european central banks expected to continue increasing rates in october p. c. b is now seen taking its own interest rate to almost 3 percent next year from 0.75 percent. now, the 1st national bank carried out the biggest height ever to key lending rate, ending several years of negative interest rates in switzerland, indonesia, taiwan, the philippines and the south africa are also among the countries where rates have been lifted. but unlike the rest of the world, china has cut interest rates twice this year. inflation in the country is far lower than in the u. s. and other countries. well, the dollars search to a new to decade high after the federal reserve raised interest rates last week. it's mainly against europe's single currency, the euro, which fall below parity with the green back for the 1st time since 20 o 2, the dollar is up more than 19 percent against a basket of foreign currencies. japan's the latest to have taken direct action in foreign exchange markets to shore up currencies. well, join

central asian partners? >> great point. the central asian countries have been economies largely entwined with russia, kazakhstan's access to european markets was by way of russia, and its agricultural exports, many countries have substantial remittances coming from, grades who work in russia and send the money home. so we are working to provide them options, whether that is physical alternative routes and other ways to develop investment in cash. over the last week, secretary lincoln met with five foreign ministers of the central asian countries. we have provided them with guidance on how to implement our stations. we followed up with specific concerns and we will have conversations on what precisely they can do, and i think we will see all of those countries and they will be happy to have alternatives to the relationship they have had with moscow before, so we will continue to work with that. >> senator cornyn? >> thank you. thank you to both of you for your work. i agree with the chairman and ranking member, we have made a lot of progress we have gaps and inconsistencies between our european allies, ourselves, and our global part

well, the other central conditional event remains under alarm, an interesting point of interest from the e-e column, do you remember their manners, it was imported, the truth is europeanssioner reinders, his name is didier reinders, he is the european commissioner for justice, on monday, he is currently in kyiv and is waiting for massive missile strikes. here and it is in the hidden this is reported by european truth as of now of all the meetings within the framework of the visit of the european commissioner, well, it is the minister, they say that the minister of the government of the european union, all the meetings have been canceled, but reynders himself has already arrived to kyiv, so he had to go down to the shelter. i think he is in the subway together with grateful citizens singing patriotic songs today vrach- a series of explosions rang out in the center of kyiv in the morning thanks to the quick reaction of the security service employees, me and my team were quickly transferred to the basement of the hotel, we are safe and waiting development of the situation wrote about the commissioner on his twitter and published a photo where he is just in the parking lo

have a big couple of weeks coming up with european central bank, the bank of japan, the bank of england and the federal reserve as well. maria: it is great pointl gardner jumping. >> good morning michael and thank you very much for your analysis. you mentioned the situation in europe and with regard to germany do you think there is a real threat of energy blackouts taking place over the course of the winter which would have a catastrophic effect and should affect on the german economy. >> i certainly think there is a risk for that i think one thing germany has done has prepared the population with the risk of energy with blackouts but if you look at the reserves there around about 94%. the big risk comes january, february and at the moment when a fairly good place of looking after gas prices that again quite heavily today look at uk natural gas prices they are down 10%. i think of the energy price cap is helping and you never can predict the weather. philadelphia federal reserve patrick says there is a lack of progress on sky high inflation saying that the fed will keep raising interest rates for a while as we look ahead to the next meeting on

the european central bank has made another large interest rate hike as a threat of recession loons over the euro zone. the banks governing council has raised the right by 3 quarters of a percentage point in a bid to control saw inflation. brazil's electoral court has been busy dealing with a surge and disinformation ahead of sunday's type presidential runoff. teams of fat checkers are working to verify or d bunk, social media posts, but the sheer volume means it's hard to keep ahead of the fake news or latin america added to the cinnamon reports now from south palo. social network hungry brazilians are being targeted with disinformation, some of it to ludicrous to believe. and yet many people do believe from claims that incumbent candidate, jade bull sonata, and his rival luly desilva, have made packs with the devil and satanic cults. to unsubstantiated claims that both sonata is a pedophile, and that lula has where did churches to be burned down. fact checkers in brazil can't keep up the media from a condo, grava a nation wide coalition of investigative journalists, is fighting this information and helping brazil's electoral court identify it from it. i remember another montage uses

point hikes expected >> the u.s. is not too aggressive i think the u.s. is in a different spot right now the european centralank of england and european central bank is looking at the supply side. sorry. it is an energy story. you would need to see interest rates going through the roof t. is important to bring down the demand you asked because the u.s. has a textbook inflation story the fed is trying to bring down the demand of the economy. >> carsten, thank you. we really appreciate your insight. thanks for being here. >>> coming up on "worldwide exchange." the earnings spotlight on netflix as it prepares to roll out results? will it provide fresh legs for the beaten up stock? >>> before we head to break. shares of fubo tv surging after the sales forecast increasing in the third quarter. it is dropping the sports betting business and reaffirming the positive cash flow for the next four years. >>> apple looking to add a folding screen in 2024 according to ccs the tech giant will be experimenting with foldable technology soon. starting with the tablet rather than the iphone. >>> elon musk confirming via tweet

the federal reserve, the european central bank are all facing now, very high inflation rates of close to 10%. well, our business correspondent marc ashdown is here. so he is pointingnger at his fellow bankers. he is. quantitative easin: is fellow bankers. he is. quantitative easing is one _ fellow bankers. he is. quantitative easing is one of _ fellow bankers. he is. quantitative easing is one of these _ fellow bankers. he is. quantitative easing is one of these confusing i easing is one of these confusing phases, but it is actually simple. it is when central banks buy back government bonds to assimilate their economies, but because they don't exist, you could say they are printing money. it has happened all over the world since the financial crisis, but lord king says the problem happened during the covid lockdowns. money was already being pumped into the economy via fellow to help people and businesses, but he says egged on by economists, the banks kept on doing it and he said that was a mistake and it contributed to inflation going up. now he says it's time for politicians to front up, to start bringing down inflation with policies that lead to slow growth over

it's raised its interest rate by 3 quarters of a point for the 3rd time last week, and signaling the more large rate hikes are to come. the european central banks expected to continue increasing rates in october fe cbw is now seen taking its own interest rate to almost 3 percent next year from 0.75 percent. now, the swiss national bank carried out the biggest height ever to its key lending rate . ending several years of negative interest rates in switzerland, indonesia, taiwan, the philippines and the south africa are also among the countries where rates have been lifted. but unlike the rest of the world, china has cut interest rates twice this year. inflation in the country is far lower than in the u. s. and other countries. well, the dollars surged to a new to decade high after the federal reserve raised interest rates last week. it's mainly against europe's single currency, the euro, which fall below polity with a green back for the 1st time since 20 o 2, the dollar is up more than 19 percent against a basket of foreign currencies. japan's the latest to have taken direct action in foreign exchange markets to show up currencies. well, j

european central bank will pivot first. we are starting to see the data deteriorate. eventually, we do think the ecb will focus on those growth concerns. as we look toward the fed, we do think at this point we are not yet seeing meaningful sign of the duration on the economic front. the bank of england has acknowledged that they do in fact -- in the u.k. it is not a catalyst at this point to enter as a european asset. i do not think that is going to be a 2022 story. i have been thinking of this firmly. it is hard to see what -- can be to have depreciation. it is really in the case as long as the fed continues on this tightening cycle, we have yet to see meaningful slowing in terms of the inflation front. that is likely going to provide another tell wind where the dollar. -- it does suggest that it is tilted more toward further downside from here. alix: fair enough. is the u.s. the only clean -- in dirty laundry? my metaphor is so bad. you have to be investing in the u.s. if you are putting in -- any cash to work. laura: it is not to say that u.s. is the only safe haven in this environment. if you look at some european assets, we can get quite attractive -- without taking much duration ar

point? >> i think the federal reserve is roundly incompetent now. he is led by a lawyer. would you have me adjudicating constitutional law at the supreme court? likewise european centralyer. this guy is reading off of cliff notes. he relies a lot on the staff economists. the environment, fed doesn't look outside. if you look at the building, it is very insular. we're at a time economic models don't work very well, the kind of structural conditions worked in the past are not present. that is why they missed all the supply side inflation. it is very simple. the place needs windows. they need to look outside. charles: yeah. you know, peter, maybe it needs windows so we can look inside. maybe at some point there should be accountability because they're making decisions that are crushing people! i mean absolutely crushing regular folks who get up every day, they punch a clock, they try their best to make it in life. now granted the job is lot harder when the white house is printing trillions of dollars. nevertheless i would like to see more accountability. peter, thank you so much, my friend. been too long. catch you next week. >> you betcha. charles: the fed, i talked abo

. >>> all right, everybody the european central bank set to release its latest interest rate decision any minute now. markets looking for another 75 basis pointack-to-back three quarters of a point increases on the rate brings their deposit facility rate to 1.5% their marginal lending rate moved from 1.5 to 2%. we see the ten-year in the u.s. yields haven't moved much from 4.06 the euro currency, though, is dropping, and do remember the euro closed yesterday above parity for the first time since september 19th, since its low on the 21st of october. not that long ago. it's up nearly 4%, but obviously, we're going in the other direction now. and if we look at what's going on with bund yields they were dropping they have dropped about eight basis points toward 2.11 their high water mark was on the 21st, the same day the euro made its low. 2.42 on a bund, so it has moved lower like many sovereigns, we're going to continue to monitor post press conference with christine lagarde many want to know how this increase is going to affect the weaker economies like italy, like spain, that are going to of course have to potentially see some of their debt s

point. lisa: we were talking about the distinction between australia central-bank and u.s. central bank. what is the difference between credit suisse and european is it a indios and granite -- idiosyncratic moment, or a -- in a tumultuous economy? paul: the main difference between, when you think about the big german banks, the returns, the real lending and business they do at home have distantly been very low for a long time. this has made deutsche bank much harder to turn around, much harder for investors to see as promising in the future. tom: i have the great paul of davos asking the banker types, windy the european banks merge cross-border -- when do the european banks merge cross-border? do you think the european banks will get what we saw in -- a million years ago? paul: -- was born out of a different time. the problem is, european banking markets just do not work in a -- way, not a single market. it is a bunch of retail banks together across europe, turn them into a single bank that has real savings. tom: thank you so much. spectacular essay on credit suisse, he says calm down, everyone. lisa, we stagger to 10:00 a.m. let's review jolts

capacity and storage facilities of countries should be filled with gas purchased through the european central point, according to brussels, such a measure would be an adequate response to a situation in which eu members themselves provoked an increase in prices for blue fuel, competing with each other because of suppliers. with such was the news of the economy. i wish you success in business and good mood. see you. the morning broadcast on tv channels belarus 1 belarus 24 continues the program zone x i violetta sokolovich. hello, understands the circumstances of the tragedy at abstern lake in new york area, where a boat with fishermen capsized. it is known that one rybak was able to independently swim to the shore; the body of the second was taken out of the water by the staff . the investigator, with the involvement of a specialist from the state committee of forensic examinations , conducted an inspection of the scene of the incident, the interviewed eyewitnesses appointed a forensic medical examination, all the circumstances of the incident will be established by the merzsky district department