maria tadeo is on the ground near the summit. to us about the long-term assistance for ukraine. maria: that is a fundamental subject at this point. it was lunch last year, it brings together all the continental european leaders and countries adjacent to it, diplomatically connected to the content. -- to the continent. we will see leaders here alongside the host country of spain. one of the fundamental issues, as you say, has to do with ukraine. one of the key messages we presume will come out of this conference is that support is unconditional to ukraine. we have seen that message, especially from the u.k. lake and the eu saying that it is not conditional to political development. something we might see in the united states, that is a concern. it is a reinstatement that ukraine will be supported for as long as it takes. the other issue which is politically more significant for the country is the conversation that will be kick started about the enlargement of the european union. there are a number of countries, one of them ukraine

ambassador tomato talking to maria tadeo -- the u.s. to nato talking to maria today a. -- talking to maria tadeo. we first go to annmarie hordern. the ambassador putting the positive spin. we are still here. is that the reality in washington, d.c.? are serious questions being asked about american commitments to the war. annmarie: president biden admitted he is worried about funding for ukraine eight and says he plans to make a major address to explain to the american people why the u.s. needs to be this indispensable backdrop when it comes to the invasion of ukraine and sending security money to kyiv. today at about noon the president will be briefed on ukraine with his national security team. this also includes the new chair of the joint chiefs of staff. this will be the first time he will be with the president discussing ukraine. invited made it clear -- joe biden made it clear he is nervous. there is no speaker in the house of representatives. the divisions are there between the republican party. even when you look at the top two con

let's get over to maria tadeo who is in athens for us. largely expected this market for the ecb to hold rates unchanged. christine lagarde says the fight is not yet finished, but is this a pause, this meeting? maria: well, dani, good morning. today is in athens the european central bank meets once a year away from frankfurt so it is a nice wish -- a nice switch. behind me is the greek central bank where the deliberations are happening this morning, leading to that decision. yes, the market is positioned for a hold so that means the european central bank should keep rates unchanged and in theory at least for the time being, that will put an end to this aggressive hiking cycle that we have seen from the european central bank. we have had 10 negative hikes, more than 50 basis points a tighter policy. all of that -- more than 450 basis points of a tighter policy. the context in which the meeting is taking place, we have had data this week pmi's pointing to an economy that cannot catch a breather. the european economy is flirting with a recessi

maria tadeo in brussels monitoring the situation.'s get a quick check of some of the other stories we are following. starting with something going on in the eu. a merger watchdog -- a $7 billion acquisition. it would be the biggest escalation in a long-running legal fight over the deal which was vetoed by the commission last year over competition concerns. asset management is closing its wealth business. this comes months after its founder was accused of sexual misconduct. the asset manager has been shutting many funds as part of a reorganization in the wake of the allegations against odey. the 64-year-old former executive was ousted from his former firm has disputed the allegations. workers at gm's canadian plans are on strike after wage talks failed. the union represents more than 4000 gm employees are trying to get them to sign a deal that matches ford. gm is already dealing with strikes in the u.s. by united auto workers. shares of samsung and sk hynix moving higher on news biden administration will let them ship key equipment. t

bloomberg european correspondent rayo taddeo -- maria tadeo joins us right now. what are we hearing about the take away for the ecb? maria: guy is right in the way he frames this. she does not want to say whether they are done or if this is officially the end day. the reason is not to signal they are done but because they do not want to precipitate the conversation into cuts. you have to put yourself in the shoes of the european central bank and governing council. the way they see this is they have gone into height, hike, hike 10 times now. this was the most aggressive hiking cycle to date. then the want the market to adjust that and focus for how long. they do not want the market to sidestep that and immediately go into cuts. but you know that once you hold, ashley wants you look at downside risk, the eu will think they are freezing and then the conversation begins into cuts. that is one issue where the european central bank does not want to see an accelerating issue in debate. the bank for the most part decided to hold. she repeated the actions of the central ba

let's get to maria tadeo in brussels. what is the latest on the ground there? maria: this shooting took place in brussels and two people are dead. it brings back memories of the 2016 terror attacks that hit this country. it was 7:00 p.m. yesterday that two people were shot dead in a third peterson -- person shot was recovering in hospital. they were shot unprovoked by a man on the streets. we know that this man who belgium authorities say is suspected of carrying out the shooting in the name of terror and they acknowledged there is a social media video from this person. he vindicates his ax and says he is doing this -- indicates his ex and says he is doing it for the islamic state. he is still on the run and has not been caught. the belgium authorities say this is being investigated as a terror attack the belgian prime minister acknowledged those videos and messages from this person. there is not a lot of information at the time being but this individual is a 45-year-old man who comes from tunisia and did not have the right to be in belgium legally in this count

maria tadeo in attendance.l they have done out of their challenges. things, the best that europe can be. deflation, 12%, inflation, now down to about 2ish. that is a victory lap for the prime minister. lisa: who cannot have a victory lap, anyone in germany, italy. plenty of those economies she will be grappling with. how much of this is a european story and the u.s. story, contrast with what is happening with european stagnation and the u.s. strength we are expecting? tom: are they combined? it is a venn diagram. i am not sure, the linkages and all that, but inflation is inflation. if you are grocery shopping in athens, it is the same as london and in new york. don't give me this three-month annualized baloney. prices are up big. lisa: which is a reason why people are wondering how much she can lean into any kind of pause. how much she has to take a harsh tone saying this is unacceptable even though europe is in recession. katie: it is a difficult needle to thread. all the different nations she has to keep an e

joining us from athens is maria tadeo. tell us about what change from this meeting to the last meeting? are there any discernible points of difference or is this the same message from last time that we got this time in athens? maria: on paper you got that hold that it is significant because we have been looking at this very aggressive hiking cycle. this holds a significant when it comes to the direction of the central bank. when you focus on the message there is this idea floating that's to balance out the whole they will be open to making changes to the end date. she did not hint that it was an option, when it comes to inflation similar to the similar meeting, it is too high for the central bank but the work continues. monetary policy is working in the intensification of monetary policy working in the affected is having on the economy. it was given in the very volatile environment, she would not want to rock the boat. in terms of the tone in the previous meeting, we were debating if there could be another hike. the idea i

maria tadeo. coming up, equanor's profit beat expectations.ve our interview with anders opedal. that's next on bloomburg. -- bloomberg. ♪ dani: norwegian giant equanor beat expectation by both oil production and a strong performance from the company's trading unit. i'm joined with anders opedal. thank you very much for joining us. i know in the commercial break, i asked you if they're getting a nice bonus which you kindly reminded me that they are. let me ask you about trading in general. it's been a very volatile drive. we can talk about some of the drivers for this oil market. how much was that driven by oil volatility? do you see that continue into the current quarter we're on? >> good morning, good to be here. yes, we have a solid result this quarter driven by high oil production but also good trading. we see that with all the different areas with after the sanctions of the russian oil and most of the russian oils goes to a.c.i. and china, we have been able to find new ways to market our own. we have physical oil that we're producing ourse

let's go to maria tadeo standing by in brussels. what is the take from those eu leaders?ere was a meeting yesterday that took place with the 27 leaders. we should note the video conference which was precisely called to this crisis happened before the news of the hospital being hit. the mindset, the calculus this morning is very different to where it was yesterday. certainly the risks are manifesting and manifesting greatly. i should note however, just this morning we do have a tweet by the head of the european commission. yesterday she was not in a position to comment in the evening. now she says this morning having gathered more facts, she is saddened by the strike and she says there needs to be a full investigation and whoever did this has to be held accountable for this. a delicate balancing act for a lot of european leadership at this point which obviously has to support israel but at the same time it needs to show the values, the european union say they respect greatly, they are doing the most to support, especially when it comes to the civilian population. speaking