i did for one let's do business latvia's central bank governor is taking to the. than today of a bribery and anti corruption probe saw him detained in february it must receive it has denied all charges latvia has been beset by banking scandals its finance sector has acted as a regional hub for cash from the former soviet union. a makeshift shrine marks the spot in riga where a lawyer working on the winding down of a bank was shot dead he was killed while driving his car. inspecting the crime scene today r younis veda and antonio correcto who work for an anti corruption agency. the murderers cast an ominous shadow over lotfi as financial sector the killer and their paymasters have yet to be identified the state is in ohio and interior minister said that they will be on assistance other counties to search for the murderers and law and order should be placed again their next stop is the main offices of the a b l v bank which manages accounts belonging to citizens of the former soviet union the bank launder dirty money for years illicit funds were transferred to other

twenty five percent seemingly not what trump intended to have a great weekend thank you very much latvia has acted as a money laundering hub with banks shuffling assets and dodgy transactions out of the likes of russia and north korea well now latvia's public prosecutor is charged central bank chief l. mas rimsha vege with accepting the offer of a hot million euro bribe it paves the way for the trial of one of europe's most influential economic policy makers a makeshift shrine marks the spot in riga where a lawyer working on the winding down of a bank was shot dead he was killed while driving his car. inspecting the crime scene today are jani speed and antonio correcto who work for an anti corruption agency. the murderers cast an ominous shadow over lotfi as financial sector the killer and their paymasters have yet to be identified the state is in a high and interior minister said that they will be on assistance for other counties to search for the murderers and should not place again their next stop is the main offices of the bank which manages accounts belonging to citizens of the form

matt is in riga, in latvia.ot of focus on will it be today, will it be in six weeks time that we will get some sort of timetable. in fact, mario draghi has previously denied even discussing the end date for quantitative easing in previous meetings. he's got to obviously talk about it because the scheduled to run out in september. there's only one other meeting between now and then. up, attbe broug least. the question is, will they set an end date? they need to signal that clearly t market that this is going to go on forever. you've had some positive economic data lately with wage growth rising over the same quarter last year. could be time to not only discuss it but me to take to the --ket that the ecb knows communicate to the market that the ecb knows it will get out of quantitative easing in ptember. chris, matt is setting up the quandary the ecb is facing going into this. is there rationale for you in waiting another six weeks in learning morabout trade and italy and then communicating a timetable? or just do

bloomberg talked about how the meeting on june 14 in latvia could discuss ending that program.he gap is something we will talk about. on ending this program ultimately hinges on inflation expectations. has a single mandate, and that is inflation. also, he is saying market expectations have wane you can have ve getting -- waned. you can see the move getting as a resulof the single currency. takingne meeting is place in luck to you, which is interesting in it self -- in la tvia, interesting in it self. -- itself. will bring you the details of what the chief economist is a saying. this is also available on live go. >> you have active monetary policy to lean against the consequences of the financial shock worldwide, not only in europe. forget about monetary policy. -- the we disentangle secular trends long-term it? i am sure all of you are aware? i don't need much time to go into that. the way i organize my brain is simple. futurerm rates r real rates and expected inf lation. it also represents the term also be which can comprised of the real term premium and inflation term premium

i have my friends, who arrived from kazakhstan, latvia, belarus. game, so that's really cool. yeah, a special day. a special day. eight years and £8 billion in the making, russia 2018 had arrived. # so come on, let me entertain you #. robbie williams, kicking off the opening ceremony. the british star's duet with russian soprano, aida garifullina, the highlight of the pre—match entertainment. the stage was finally set for the two teams, although president putin naturally then took his turn in the reflected glory that such occasions afford host country's leaders. translation: i wish all the teams success and an unforgettable experience to fans. welcome to russia! russian national anthem plays. the stadium, in full voice for a stirring rendition of russia's national anthem. the tournament's opening fixture featured its two worst ranked teams but the hosts soon had the dream start, yuri gazinsky scoring the world cup‘s first goal. this how much it meant for the thousands watching at moscow's fan fest. saudi arabia were on the ropes. denis cheryshev, g

influential economic policy makers he led the former soviet republic into the europe banking scandals of latvia a makeshift shrine marks the spot in riga where a lawyer working on the winding down of a bank was shot dead he was killed while driving his car. inspecting the crime scene today r younis veda and antonio correcto who work for an anti corruption agency. the murderess cast an ominous shadow over long fields financial sector the killer and their paymasters have yet to be identified the state these in ohio and interior minister said that there will be an assistant other contrary so to say that murderers and law and order should not be placed again there next stop is the main offices of the bank which manages accounts belonging to citizens of the former soviet union the bank launder dirty money for years illicit funds were transferred to other e.u. banks or to offshore accounts. he flopped and banks did not properly check where does money was coming from other banks in the european union or being the international system would accept those money with all its props laundering them unknowin

and anti corruption probe so him the tentative february it muslims have it has denied all charges latviahas been beset by banking scandals finance sector has acted as a regional hub for cash from the former soviet union a makeshift shrine marks the spot in riga where a lawyer working on the winding down of a bank was shot dead he was killed while driving his car. inspecting the crime scene today r younis veda and antonio correcto who work for an anti corruption agency. the murderers cast an ominous shadow over lockerbie as financial sector the killer and their paymasters have yet to be identified the state is in a high alert and interior minister said that there will be an assistant other counties to search for that murderers and law and order should be placed again their next stop is the main offices of the bank which manages accounts belonging to citizens of the former soviet union the bank launder dirty money for years illicit funds were transferred to other e.u. banks or to offshore accounts. he flopped and banks did not properly check where does money was coming from other banks in

gorgeous day in riga my latvia as well, where we are for the ecb meeting happening later on, 12:45 p.m.k. time you get the decision and press conference and we will be giving that to you live as it happens. the latest ont global trade story. donald trump says he will confront china over's -- very strongly as he appears to follow through on his tariffs threat. yesterday saw u.s. tech stocks fell off late in the day and some investors questioned whether the sector could be hit hard in the u.s. let's get more from our chief asia economics correspondent. what are the next steps in this process, donald trump carry through on the tariffs, i guess. enda: we are getting a formal decision on tariffs, we're waiting to see if they will go ahead. and which products will be targeted. we do not know the list of imports mr. trump will be critical and how they impact the wider economy. all the expectations are is we are heading in for protracted trade. declared thehin tariffs were off the table. indications are the tensions continue. negotiations have not made the progress the u.s. would have liked. g

since then game has been playing to sizeable crowds such as the summer song festival in latvia for theyoung man who grew up on the baltic sea coast it's always a massive moment going on stage. for us or god it was about no matter how big or small i'm always excited before every show and today i'm in lafayette where i've never played before she codes are tearing the place up right now. we have fifteen minutes for the changeover i'm in the closing set which means everyone who doesn't want to see me can go home those are all the thoughts that go through your mind beforehand plus i hope there will be no major incidents an ambulance just rolled by and that i have a great crowd i got out about it. i . i i. for a headliner appearance like this top deejays like félix earn up to six speaker fees . today said last seventy five minutes i game plays a mix of church music hip hop beats and his own tracks. i. i. say. the key to deejaying is reading the crowd and building up the groove to a climax or drop. i. solute takes the fun in their singing the lyrics to the songs they're in a good mood and can

lithuania, latvia, and estonia.spending by 20% last year, romania by 50%, according to the stockholm international peace institute. what do all these countries have in common? well, they're all pretty vulnerable to a giant provocator next door. russian provocations in and around the baltic sea are real and constant. the change for this region came when russia annexed crimea. that was a wake-up call for its neighbors, many of which had been cocooned in a post cold war calm. and its success in crimea and ukraine only emboldened russia. sweden and finland, neither of which enjoy the protection of nate membersh-- nato membership complained of russian incursions in their air space in recent years. nato says russian air traffic next to neighbors' air space has increased by close to 70%. in 2013, russia simulated a nuclear attack against sweden, according to nato, and russian fighter planes have lately been flying dangerously close to american aircraft in the region. and then there are the war games. in september, russia c

the bank has since been banned from trading in the euro or dollars owns latvia's banking regulator recentlyapproved its liquidation. well it's like things up a little bit now american brands used to have a certain cool factor in china customers would line up to get their hands on the latest apple smartphone or starbucks skinny lot but as more homegrown companies appear on the market and trade ties between the two countries come under strain those days peer to be numbered. tea with foam made of cream cheese just one of the specialty drinks customers in shanghai have been lining up for this summer. hey t e the company behind the popular beverage is a chinese chain with and that's all over the country. it's just one example of a homegrown company giving us competitors like starbucks everyone for their money. while american brands have long enjoyed an elevated status in china research that yes their dominance is now beginning to wane. this is becoming a very big concern and therefore because it's. just you have to do with the way. the way. people seem to be what the market with for. companies.

russia and your grow you after some are a moscow moscow kaliningrad i'll have to draw if you live and latvia just to get there. but yeah that's the most ambitious and then all the way back to just in time for the not going. after that the last two weeks will be a bit easier on old moscow st petersburg some forward some people in england won't believe it but i did an estimate i really think about six hundred pounds but i'll cover my entire travel expenses for. the whole month. it is a pro the price of the petrol back home is five kilometers but you know the loan for the other sixteen thousand nine hundred ninety five i think you might need to think you will have the best it's been great thank you very much. so that cheap takes off the list and he really does typify does need the enthusiasm and the madness of fans at least well andrew farmer ferrazzi such a. home if you want to what i was about i said diving it should have been driving it was a mistake on the autocue was the best of us we got the just right so sunday was a roller coaster ride for supporters from crying polish fans to devastate

you don't think you are in latvia. when you are in italy, you do not think you are island. our language, our cuisine, our way of life -- we believe we can reconcile that with cooperation together, having meetings in conference rooms rather than clashes on the battlefield, and in the case of a single currency it makes more economic sense. respectfully, you could have 50at diversity here and have different currencies in the united states, but it would not make sense. having a dog is not undermine the diversity -- having a dollar does not undermine the diversity of this great country. there is no risk of homogenizing the european people, our histories, cultures, languages are far too rooted in many years of history for that to ever happen and nobody is trying to do that. host: berkeley, california. independent line. david. i had two questions. i understood the ambassador to say the iran deal goes on forever, and that we could inspect anywhere that we want. i have read and heard that the deal expires in about 10, 12 years, and that we can not inspect military sites and perhaps

i have my friends, who arrived from kazakhstan, latvia, belarus. yeah, a special day. a special day. eight years and £8 billion in the making, russia 2018 had arrived. robbie williams, kicking off the opening ceremony. the tournament's opening fixture featured its two worst ranked teams, but the hosts soon had the dream start, yuri gazinsky scoring the world cup‘s first goal. saudi arabia were on the ropes. denis cheryshev, giving russia the second goal their dominance deserved. russia weren't finished there, substitute, artyom dzyuba, sealing a one—sided victory. amid the emotion and expectation, they'd delivered when it mattered most. dan roan reporting. and we caught up with some of the fans after the match. so amazing, impressive, full of energy. i'm going to the bar, cheers! i think it is a good experience. it's very good. it's different, but it's nice. i think we will have go out from our group, but we will not win world cup, but... quarter—final, we can go to quarter—final, i think. people be on the streets —— people there. and to keep up to

i have my friends who arrived from kazakhstan, latvia, belarus.ool. special day. eight years and £8 billion in the making, russia 2018 had arrived. # let me entertain you. robbie williams kicking off the opening ceremony, the british star's duet with russian soprano aida garaifullina the highlight of the pre—match entertainment. the stage was finally set for the two teams, although president putin naturally then took his turn in the reflected glory that such occasions afford host countries' leaders. translation: i wish all the teams success and an unforgettable experience to fans. welcome to russia. the stadium in full voice for a stirring rendition of russia's national anthem. the tournament's opening fixture featured its two worst ranked teams, but the hosts soon had the dream start, yury gazinsky scoring the world cup's first goal. this was how much it meant for the thousands watching at moscow's fan—fest. saudi arabia were on the ropes, denis cheryshev during giving russia their second goal that dominance deserved. russia were not finished the

i have my friends, who arrived from kazakhstan, latvia, belarus.. a special day. eight years and £8 billion in the making, russia 2018 had arrived. # so come on let me entertain you #. robbie williams kicking off the opening ceremony. the british star's duet with russian soprano aida garifullina the highlight of the pre—match entertainment. the stage was finally set for the two teams, although president putin naturally then took his turn in the reflected glory that such occasions afford host country's leaders. translation: i wish all the teams success and an unforgettable experience to fans. welcome to russia! russian national anthem plays. the stadium in full voice for a stirring rendition of russia's national anthem. the tournament's opening fixture featured its two worst ranked teams but the hosts soon had the dream start — yuri gazinsky scoring the world cup's first goal. this how much it meant for the thousands watching at moscow's fan fest. saudi arabia were on the ropes. denis cheryshev giving russia the second goal their dominance deserved.

. >> is there a specific focus area but they are more interested in potential actions like latvia, estonia, those areas or is there focused more towards syria? >> if you look at the new editions before ukraine is when the process started. it's one of six or seven divisions. most of them are located near the ukrainian border, south i pay less attention to what they are saying that what they are doing and putting things, so if you look at the ground forces, one would say that the focus is in the military district and alondistrict andalong the borded belarus. so it is a forecasted area of instability is what i would say that tells me in terms of other forces we haven't seen that kind of revision in terms of the navy or air force's. they are due to get quite a bit larger but that is across russia and not necessarily with one particular region and the baltics of course. i want to thank you for coming in and speaking into thin you were talking about how the best option in a war with nato would be a surprise attack. what would be the best way to force them into a long war where the advantages cou

sacramental to curb assistance to specific countries detailed the book these efforts with regard to greece latviaand chile. they tried to cut off economic security assistance to repressive governments more generally and in 1976 congress passed legislation to hating that the united states could not extend security to countries that engage quote in a pattern of world violations of human rights except under certain circumstances. to make such an determination the state department needed to compile full and complete reports from each country that received security. this is the legislation mandated the state department produced annual human rights reports. the first year the state department produced 17 and now we will see they haven't come out yet this year but presumably the state department produces reports on all u.n. member countries in all countries that receive assistance from the united states. the second achievement was congress passed legislation regarding bureaucratic organization of the state department that eventually led to the employment of the secretary of state for human rights and hu

game of nuclear chicken and if russia decides to challenge us on behalf of estonia and on behalf of latvia i think that's part of the reason we have this robust nuclear forces to credibly extend deterrence to allies. where the allies come in those we have this big we are sharing arrangement at nato to strategic forces. we have 200 or so gravity bombs deployed on the territory of nato allies. other allies have dual capable aircraft so aircraft that delivers either nuclear or conventional weapon. if we got into a major war with russia and the policy in the cold war that the allies could deliver a nuclear weapon. it would increase the credibility of deterrence and make the russians understand it's not just your president who might decide to use nuclear weapons but maybe european allies have been independent ability to use a nuclear weapon but also sharing a component that nato allies are participating. that will likely continue going forward as the allied powers are in the early stages of acquiring nuclear-capable aircraft to replace the aging tornadoes and other things. what is interesting t

vonnie: bloomberg's alessandro latvia, in rigo, thank you. let's talk about the fomc decision yesterday. let's bring in julia coronado. your answer to this is butaordinarily transparent we also got the news from the fed that we are going to have a press conference at every meeting. this is good for the financial system? julia: i think so. central bank transparency is a good thing and the fed also reduced the degree of promises it is making on interest-rate policy and stripped away forward guidance in the policy statement yesterday. i think the press conferences every meeting remove constraints and they can make any decision at any time and it gives them more flexibility. at the same time of transparency, there is less walking in of a predetermined rate path, and they are removing some constraints put in place in prices. vonnie: what about constraints -- sorry, caroline. caroline: sorry, can strengths we are starting to see being used in the ecb, but do you make of the fact we could see some sort of sign of normalization from the ecb, perhaps

finland, austria, check love auxier, yugoslavia, poland, hungary, latvia, lithuania, estonia. none of those existed before world war i. as i researched for the presentation, i thought it would be interesting the expressions that have stood the test of time. this one cracked me up. i did not know this originated in world war i -- dingbat. dingbat in the 19th century was ord as we say thingamajig something like that, but new zealand troops in world war i, when people were shellshocked, they referred to them as being thats. that -- as dingbats. i'm sure people talked about dogfights before world war i, but they did not mean the flying circus. t -- the way we think of it as a soldier wounded in world war i, the first time we can find that published talking about soldiers being gassed was in 1915. nosedive, self-explanatory. posh -- the current definition of posh -- the quality or state of being elegant -- did not exist until 1914. pushing up the daisies that self -- self-explanatory. here, they describe a snack or sweet treat in the canadian troops. when i was in the marine corps,

a couple weeks ago we finished several joint exercises in balkans with latvia and estonia.ur oil and natural gas to eastern european countries and poland. let putin know we're serious. charles: i know that you are asking president trump to pardon army ararmy lieutenant clint la. >> an incredible story, you have bowe bergdahl a deserted who walked ar around free, and you e a american platoon leader in prison. clint did not ordering of firing upon civilians he ordered his platoon to fire upon taliban members who were bomb makers. charles: you have presented this request to white house. >> no, that is one thing, i want to make sure that american people are aware of, that i would be happy to sit with president and secretary of defense and ask them about this case, this is a travesty of just whiz a bo bergdahl runs free. charles: we know you stand up for justice. colonel west thank you, really appreciate it about thank you. charles: thank you at people, here is -- thank you at home, here is lou. lou: good evening, our top story, justice anthony kennedy is retiring. giving presid

lithuania and latvia increased military spending by 21% last year, romania increased spending by 50%,ational peace research institute. what do all these countries have in common? well, they're all pretty vulnerable to a giant pro vac tour next door. the change for this region came when russia annexed crimea. that was a wake-up call for its neighbors, many of which had been cocooned in a post world war calm. and only emboldened russia. sweden and finland, neither of which enjoy the protection of nato membership have both complained of russian incursions in their air space. nato says from 2013 to 2015, russian air traffic close to its european members air space increased by about 70%. in 2013, russia simulated a nuclear attack against sweden, according to nato, and russian fighter planes have lately been flying dangerously close to american aircraft in the region. and then there are the war games. in september, russia conducted a massive military exercise with belarus under putin's watchful eye. russia said 13,000 troops were involved but the united states and nato say the number was cl

meanwhile, we had this incredible rescue video that is going viral to show you in latvia. as he falls down the side of an apartment building. the man was hanging from a fourth floor window. that's when rescuers were trying to set up a more conventional rescue. but that's when the man's grip slipped. and the video shows a firefighter catching the man, catching him by the legs through a window and pulling him inside. i don't even understand the physics. >> it is the lat vie yann method of rescuing right there. that's bonkers. >> how can you be hanging out a window and catching a falling however many pound man with that senn treuf gal force. >> i'm impress stpwhrd color us impressed. >> a costly last second error will haunt the cavaliers for a long time. lindsay czarniak has more in the "bleacher report". they needed a lat vie yann firefighter. they had j.r. smith instead. >> it will be tough for him going outside with seeing or hearing about his blunder that cost the cavaliers their game. the cavaliers were in great shape to win game one in oakland. that's why this stung so

finland, austria, czechoslovakia, yugoslavia, poland, hungary, latvia, that the winnie a, estonia. none of those countries existed before world war i. i thought it would be interesting some of the expressions which have withstood the test of time. i did not know that this originated in world war i, dingbat. century washe 19th used like we say thingamajig. new dealers -- new zealand troops and world war i when people were shellshocked, they started referring to them as dingbats. peoplet, i am sure talked about dogfight before world war i but they did not mean the flying circus. the way we think about it as a soldier wounded in world war i, .hat came around nosedive, self-explanatory. posh -- the current definition of posh -- the quality or state of being elegant, stylish, or upper class -- did not exist until 1914. pushing up the daisies self-explanatory. ,i will refer to my marine buddy, pokey bait. here, they describe a snack or sweet treat in the canadian troops. when i was in the marine corps, it meant underaged women. it might have been pokey bait that we were saying. tank -- s

that the russians are more interested in, in potential aggressive actions like the baltic stakes, latvia, estonia, those areas? or is it more towards -- is there focus more towards syria? >> so if you look at the new units that they have created, the new divisions since 2013, so pre-ukraine is really when the process started. i think it's -- six or seven divisions potentially. most of those are actually located near the ukrainian border. so i would pay less attention to what they're saying but what they're actually doing and putting things. so if you look at the ground forces, one would say that the focus is in the southern military district, and along the borders of ukraine and belarus. so it's a forecasted area of instability, is what i would say that that tells me. in terms of other forces, we haven't seen that kind of revision in terms of the navy or the air forces. i think the airborne forces are due to get quite a bit larger over the next couple of years. but i think that's across russia, not necessarily with one particular region. the baltics, of course, western military district

matt: david, i will go to later this afternoon, latvia for the meetingw.hat ithe most important question that i should put to ?ario draghi and co david: are they actually going to give anything in terms of modalities that they will be doing beyond september? they stop that buying bonds altogether say, in december, after the fourth quarter taper? central bank have some more flexibility on what they do more than what we already know? it could be the case that they support italy for example going forth, more than was otherwise suggested. the reinvestment point i think, is important. but i don't think they will give the actual more analysis this week. we will have to wait. it is going to be a fascinating meeting. matt: all right, david. we will continue talking about that later in the program. david owen, chief economist at jefferies. we have a lot to go through this morning especially concerning central banks. join us later, we will bring you the federal reserve's decision with instant analysis. top guests joining us will be janus capital management fund mana

. >> that won't work if he grabs latvia. >> he wants a story for his followers to follow the headlinesd trump's base does not have the as negative view of putin as many in the intelligence and foreign pos establishment do. >> he seems to like the guy riding around on a horse. >> a strong man. >> thank you, shannon, thank you, david korn, expert on russia. up next, a federal judge ordered the trump administration to reunite families separated under that zero tolerance policy calling it a chaotic circumstance of the government's own making. that's a judge talking. will the administration comply? can they do it fast? there is no system in place to track these kids' whereabouts. how threw going to find them? this is "hardball" where the action is. of my family take care while i was overseas serving. it was my very first car accident. we were hit from behind. i called usaa and the first thing they asked was 'are you ok?' they always thank you for your service, which is nice because as a spouse you serve too. we're the hayles and we're usaa members for life. see how much you could save with

for much of the summer of 1944, olson is focused on a very hazardous plan to rescue refugees from latvia, lithuania and estonia by water. he would need, he wrote, quote: the most skillfully organized type of underground operations because the baltic countries are now virtually sealed to everything. he thought they might be able to rescue 5-700 racial, religious or political refugees from each country. the war ref i few gee board paid for this project directly out of funds from roosevelt, but they realized that such a large deposit in a swedish bank would be suspicious, and they wanted to avoid any impression that the u.s. was funding unregulated refugee arrivals in sweden. even the swedish jews, olson wrote, quote: are very interested in jewish relief and rescue operations so long as they don't involve bringing them to sweden. so john paley, who had been tasked with keeping money out of the hands of the enemy, decided to sneak olson's funds past the swedish government and people. and at his urging, at paley's urging, the staff at goodyear tire in their headquarters in akron, ohio, agreed

>> right, that's going to be a very importantmeeting, potentia in latvia next week. confidence that their economy is finally gaining a little bit of strength they're talking about phasing out their $35 billion a month purchases of bonds if they're willing to get rid of some of that stimulus, it would be a sign that they do feel more confident and generally that would reflect well on the prospects for the european economy. >> you know, traders frame the issue, judy, in the following fashion. we have the u.s. on wednesday, the ecb on thursday, the bank of japan friday when it comes to the ecb and, to a lesser extent, the bank of japan, it isn't only timing. it's impact. what traders believe what will actually occur versus what's advertised the biggest issue of all is the commitment to alter policy and follow through could you address the commitment issue of mario dragi to do what he says he will thursday >> right generally, the world economy does better when the most influential central banks are not heading in different directions so, it would be good if the ecb decid

the government ning council is likely to treat this meeting in latvia as an opportunity to debate windingown on buying. meanwhile, italian 10 year yields are extending after the prime minister alarmed markets with a series of populist messages. so should investors have cause for concern? are two guests. thank you for joining us. when you look at the ecb, does it actually delayed their monetary policy normalization? >> certainly not. i think they are going to make that decision and some sort of announcement probably starting september. if things were to blow up in italy, that might change again. government, a government pursuing policies the market is not too thrilled with. but i don't think that is a game changer for the ecb at this point. probably, all systems go for the meeting, and an announcement of the taper to start in september. francine: why is there a need to start the taper? is there a fear that a recession comes, they need tools? marie: i feel they have enough tools. i think this is a market propaganda view. [laughter] that central banks have somehow run out of tools. it is our

matt miller, our anchor of the european open covering the ecb meeting in latvia. we will bring you that right here in bloomberg, 1245 u.k. time. and 45 minutes later, we will hear from president mario draghi. looking at ecb, we are waiting for a signal on when this program will be phased out. will he find out today? i am hoping we will get more details today. if you keep markets hanging, they will start to construct their own a narrative. one of the key skills with central banks is their ability to communicate with market, so they will not want a vacuum. so i think we will get some guidance. if you think about the tone of some of the speeches, there has been a more confident tone about the durability of the recovery the ecb has been underwriting with their qe policy and low rates. more important than the bond buying program is the duration of low rates. remain lowes will until the end of the bond buying program, but people interpret that as when rates will start to rise. francine: talking about inflation, you can see these measures stuck below 2%. they are creepin

lithuanian, estonia, latvia. watching and encouraging them and their actually leadership of eastern europe. they set out in 2014 to become independent of russian gas. and so they went through the process of getting the l.n.g. terminal. i love the name. it's called the independence. so they can be independent and free. they have a history of being extorted by the russians in the crude oil department. ere's a refinery there which a u.s. company bought. and then the russians turned off the oil. so that's the extortions and the concerns. now what they have is the ability to compete in the open market. they had their first l.n.g. gas come from the united states earlier in 2017. and they now have an ability to negotiate for the best price, which helps a lot. first of all, it helps their citizens. it helps their obviously businesses. it also helps the allies in surrounding countries because now what they've been able to do is negotiate through the baltic region of pipelines, storage, and talks -- as we have had talks, a

this year, on the other hand, we have an incredibly exciting central-bank meeting in latvia earlier thisk, and he gave us a lot of surprises there. he gave us a lot of surprises in really moved markets. you see the euro fall from 1.17 to 1.15 on that one day last week. those surprises i don't think will be here at centra, but we will hear more of why they took that dovish approach, to push the interest rate hike out to after the summer of next year, and what they expect to do if we do get more of the uncertainty that draghi is worried about. >> yeah, and matt, more comments coming through from a prepared speech, saying that significant monetary accommodation is still needed. the interpretation in the market from that meeting in riga was that it was a dovish taper. we also have other central bankers in centra, not just mario draghi. overall, is the view that the world is still awash with easy money? >> yeah. keep in mind, it wasn't just the dovish taper, but an extension and a dovish taper. they were supposed to end their bond purchasing program in september and pushed out to december. pl

and as we approach next week's meetings in latvia, we look at think the bank will end its asset programthis is bloomberg. ♪ ♪ francine: this is bloomberg surveillance. let's get straight to the bloomberg business flash in new york. bt ceo is leaving almost five years into his term at the helm of the former u.k. phone monopoly after they failed to win over investors. gavin patterson will step down and the board has stated a search to look for his replacement. they expect to have a successor in place, and he will continue until that time. china has raised $14,000 as they expand and develop new technology. the funding makes it the largest syntax firm. alibaba hase of paying service and controls a large fund as it moves from areas into consumer lending and credit scoring. their --strial in internet in their shanghai debut has failed ambitions of helping his company a merge from under apple's waiting. the stock rose by 44 percent, conferring a market value of more than $60 billion. mostompany is now the valuable tech companies listed in shanghai or shenzhen. sao tome has one the stock approv