but that 's how much in this picture, uh, good pr and hmm, the real state of affairs is not sinking legrandl. in america remains very powerful army. do not underestimate that america still has the ability to use the dollar as a weapon in foreign policy. well, as if we ourselves perfectly understand, because the dollar still accounts for more than half of all world transactions. e in trade. yes, therefore, well, actually, the opposition to the dollar is by no means gradually weaker, as we see more and more countries are following the path where this process has been implemented, after all, this process is quite lengthy. for now, there are still quite serious positions for dollars. though they gradually, of course, and weaker that's america's share of the world. gdp is also quite high, although it is already gradually declining. that's why no, of course, america saves. the status of a superpower here, of course, we should not flatter ourselves, another thing is that over time, the world will become more and more multipolar and america already has to reckon with other centers of power now. so

the bank of england set for this week earnings numbers as we have pointed out with heineken and legrandend pearson reporting bp reporting with the group is one to look out for in the european trading picture thus far. interesting here with the side note the ftse mib is hitting the highest level since september of 2008 in today's session. up .30%. >>> let's get to fresh data from the bank of england. june uk lending and mortgage data net mortgage lendsining is up 03 billion in june. the increase was 0.1 billion mortgage approve als were higher than expected. 54,662 the number was expected at 49,000 and 1.66 billion against 1.3 billion expected for credit growth all of this, despite the further increase of interest rates from the bank of england. this morning, we have sterling lower against the dollar by nine points 128.39 i'm pleased to say anka is joining us from rbc capital an markets. anka, i'm pleased you are here it is confounded expectations time and time again. here we are interest rates higher and we are not seeing cracks in the housing market or cracks in lending. what does this

i don't want to say that this is a legrand channel for fools, but by definition they cannot know everythingd therefore, how would uh show. there are heightened emotions. from my point of view, not a sign of wisdom. yes, i would like to note that, again, within the framework of the war, if we consider the line you contact. and i want to note. uh, attacks on ukrainian ports, especially a strike, but in fact, yes, successful ones blow, that is, on the border, on a thread next to a nato country and and these strikes are not only aimed at destroying, uh, these strikes carry port infrastructure in themselves. and the sign of the message is how far and how fast we are ready to go. e, with the development of the situation, and to some extent, probably, too hot heads cool down in the west. thank you and now i want to ask you professor about the approach of african countries to the war in ukraine, you know that there was a mission of african countries, they had their own ideas. in general, as i understand it, in ukraine these ideas will be said. so delicate e did not arouse much interest, and in comb

senator around, rubio, heinrich, joe legrand and young, for their partnership on the amendment and as many know my mentor and dear friend who i miss so much, harry reid, was passionate about this issue and so were senators stevens and in no way so i'm glad we could get this to the managers amendment. for these and many other reasons i look forward to beginning the floor consideration of the bill today. the four things i've mentioned dealing with fentanyl, dealing with competition with china, dealing with ai and with making public the uap phenomenon and what we know about them in an unclassified way and i'm glad we added them in. i think both sides for their good work and hope we can pass this bill without needless delay or controversy. >> later today the senate will vote to begin consideration of this year's national defense authorization act. the nda a is our most significant opportunity to set priorities for competition with adversaries like china and russia. it's our chance to keep the biden administration focused on critical missions like rebuilding america's defense industrial ba

we talked a little bit about that when an senator joe legrand asked her questions. concerned that the u.s. investment is falling dramaticallyly behind what the chinese government invested in terms of the size and modernization of each of our respected merchant fleets. since the 1980s there's been a series of policy decisions that have brought us down to a rather startling figure of merchant vessels operating in international trade and 60 of those consist of the maritime maritimesecurity program that as them to contract the u.s. flag vesselss during times of war so we have 80 ships. the chinese have over 5,500, and they are the world's top shipbuilder and control ports that handle 67% of the world's sshipping containers. as you know well this impacts the ability to supply our own troops in conflict. you talk about how much a different the western pacific issues from europe. islands, mobility and logistical challenges and impacts trade and global supply chains and peace time and it's critical. it means this is the kind of capability that can't be turned on and off ove