olaf scholz urged all germans to stand together in the fight against covid-19 and to get vaccinated. german leaders said the biggest challenge for the upcoming year was to lay the foundations for germany's future development. >> the day, i am the one speaking to you as your federal chancellor. >> things are different this year, after 16 years of new year's addresses by angela merkel, germany's new head of government rose to the task for the first time. he stated the challenges faced by the countries in 2021, acknowledging the hardships, such as summer floods, and praising the resilience people have shown, especially during the pandemic. >> [speaking in foreign language] some people claim our society is divided. i would like to take this opportunity to make it clear in fact the opposite is true. our country is standing together. what i see everywhere is tremendous solidarity and incredible spirit of helping others and people coming together in mutual support. correspondent: in order to curb covid-19 infections, he appealed once again to people to get vaccinated. >> [speaking foreign l

we are abating -- we are awaiting the olaf scholz emmanuel macron press conference.antime let's take it on the markets. european equity markets closing higher. in the united states come equity markets under pressure. the russell down 2.24%. we are waiting for the fed tomorrow. the dollar on the front foot. at the bottom, another significant salon for the s&p. we are down 1.9%. this is bloomberg. ♪ kriti: let's get a check on where the u.s. markets are. the rotation to safety resumes. abigail doolittle is tracking the moves. abigail: the move out of risk is what is happening. the s&p 500 down 1.8%. the nasdaq 100 down 2.7%. relative to safety you can see there is little bit of a bid for bonds. the yen is basically flat. stocks selling up for another day, not including yesterday's rebound. havens not doing that much. what is ahead are big tech earners. microsoft down 50% on the year. tesla down 13.5%. apple reporting on thursday. amazon is in a bear market during into the earnings report, suggesting the worst case scenario is priced in. that is not the case for netflix

we know that biden will be meeting with german chancellor olaf scholz next month.ings is still going on to avert another invasion. manus: bloomberg markets europe is up next. ♪ as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable nationwide network. with no line activation fees or term contracts... saving you up to $500 a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities.™ anna: good morning and welcome to bloomberg markets europe. the cash trade as less than an hour away. here are your top headlines. rate hike bets ripple. treasuries resume their decline but stocks get a boost from earnings. it blows through estimates and supply chain concerns, posting

so yes, i think olaf scholz still wants to see nord stream 2 ahead. not quite as clear-cut i say think it was before the new government. >> poppel -- powerful -- one of the big suppliers of liquid -- i could never say that. lng. has been, will be meeting with biden shortly. is that of concern to the russians? >> this is an opportunity for the americans gas industry to increase its share of the european market. they have new export facilities coming online soon. so, they can increase their exports of gas and natural gas. and shall gas. the european market is a buyable -- is a reliable market. also, there is a political agenda there to put to the europeans into line and kind of lead them in a quest against russia. that is kind of how it worked during the cold war. and now, apparently, it has -- the card table, the old cards with a new meaning. once during the 1967 war in the middle east, america which was an oil exporter, helped europe when there was a boycott of europe oil exports. it didn't work. in 1973, it was already very different. and then it did

sediments and take care of people mentioned also take care of others and thank you very much chancellor olaf scholz and i hope that to see you in person and hopefully in the next well who knows when and all of our best wishes for you all for the program which is really that we needed to achieve various objectives and we needed to an legalities the world and we need to make full advantage of the evolution and i think you are in a good way to do so, thank is i there were culture industry, there were culture committee hearing is 4 hours. >> if we can't. is an here? i guess whichever.

roof olaf scholz has towed the same line angela merkel date, which is that this is a private companyvor and a nonpolitical institution is in germany that is going to give it a checkmark. he wants to maintain that this is business as usual, while the foreign minister campaigned on wanting to shut down nord stream 2, so she is much more hawkish and lines up with the united states. it will be very interesting with the response will be roots guarding -- response will be regarding nord stream 2 if putin crosses over the ukraine border. alix: i am wondering what antony blinken can offer germany to help because they are really in between a rock and a hard place. annmarie: all of nato seems to be on the same page right now when it comes to russia, and that is dealing with russia in terms of dialogue. we know that next week the deputy secretary of state wendy sherman is going to be leading the u.s. in those talks with russia. before they do anything in terms of the united states, before president biden got on the phone with president putin, he made sure he spoke to his european allies and cou

but olaf scholz did probably tell both the americans and the uk if there was an invasion, nord stream. so i think he has to be careful how far to push that leverage, fareed. >> thank you, ian bremmerer, ni ferguson, pleasure to have you on. i brought in ensure max protein, with thirty grams of protein. those who tried me felt more energy in just two weeks! (sighs wearily) here i'll take that! (excited yell) woo-hoo! ensure max protein. with thirty grams of protein, one gram of sugar, and nutrients to support immune health. (naj) at fisher investments, our clients know we have their backs. (other money manager) how do your clients know that? (naj) because as a fiduciary, it's our responsibility to always put clients first. (other money manager) so you do it because you have to? (naj) no, we do it because it's the right thing to do. we help clients enjoy a comfortable retirement. (other money manager) sounds like a big responsibility. (naj) one that we don't take lightly. it's why our fees are structured so we do better when our clients do better. fisher investments is clearly different

the other point to make, of course, is that olaf scholz has been in office for about 50 case, he's newthat sense, weak almost by definition. he garnered about 25% of the vote, he has a three-way coalition. there are a lot of reasons why this government isn't coming across as forceful as it ought to be, but it's not just a scholz problem, it is a germany problem. you know, there is 1,000 years of history, there are two world wars that created baggage that makes it very difficult now for germany to, you know, look at russia in any way -- way the same way as the united states. i think it's important to keep in mind that history, but the one thing to also keep in mind, you mentioned something that particularly the social democrats of scholz look back at all the time is that germans like to forget that engagement in good but deterrents only work if backed up by hard power. we're finding ourselves in a position where i believe the resolve is firmly there, the resolve is transatlantic and germany is sort of, you know, in all three parties in that coalition are completely clear that they stand

sediments and take care of people mentioned also take care of others and thank you very much chancellor olaf scholz i hope that to see you in person and hopefully in the next well who knows when and all of our best wishes for you all for the program which is really that we needed to achieve various objectives and we needed to an legalities the world and we need to make full advantage of the evolution and i think you are in a good way to do so, thank you for that relations. >> today the federal energy regulatory commission chairman richard department of energy deputy secretary, david to stack the security and reliability of energy infrastructure before a house subcommittee come election night and on eastern on "c-span2", online at cspan.org or full coverage on a video app, cspan now. >> cspan's washington journal, everyday we were taking your calls live it anywhere on the

but olaf scholz did probably tell both the americans and the uk if there was an invasion, nord stream so i think putin has to be careful how far to push that leverage, fareed. >> thank you, ian bremer, niall ferguson, pleasure to have you on. scientists proved that rid- x reduces up to 20% of waste build up every month. take the pressure off with rid-x. ♪ got my hair ♪ ♪ got my head ♪ ♪ got my brains ♪ ♪ got my ears ♪ ♪ got my heart ♪ ♪ got my soul ♪ ♪ got my mouth ♪ ♪ i got life ♪ i like that my plan is built just for me. arugula, you get an extra... with the new ww personalpoints program, you take an assessment, enter your goals, the foods you love and what fits into your lifestyle. you don't have to eat diet food. i can enjoy the things that i really love like wine, cheese. you can add points for eating vegetables or being active. i lost 26 pounds and i feel incredible. the all new ww personalpoints program. join today for 50% off at ww.com. hurry, offer ends january 10th. i brought in ensure max protein, with thirty grams of protein. those who tried me felt more energy in just two

olaf scholz stated clearly, nothing will be off the table. this is a very important message of solidarity, severe konstantin -- severe consequences should russia take this action. putin should rethink and reconsider taking diplomatic force. guest: it is all very important. it is very encouraging this mentioning of using energy as a weapon in the ukraine office. if there will be further disturbances in ukraine, that is also considered an attack on ukraine. this will be very an important to understand a little bit better. the sanctions have been negotiated before them. host: we are in intensive sessions with european capitals to ensure energy, if indeed russia uses energy as a weapon. we think about the risks to europe but we all show -- we also should think about the risks to europe. they needed to put it on the market and get payment for it. they need it for the economy. it is very critical for their economy. this is inter-critical. moscow needed gas and oil revenue as much as europe needed supply. they should be looked at as more interdepend

olaf scholz is holding firm to supply weapons to ukraine despite criticism.ny will stick to its long-standing policy against exporting weapons to conflict zones, adding that berlin is prepared to support ukraine in other ways including training. the u.s. is reporting the most covid deaths in 11 months. cases had hospitalizations indicate the nation may be turning a corner. cdc data showing the seven day average of covid related fatalities reached 1975 friday, that compares to the winter peak of january last year when the -- fell 3400. the cdc has raised its japan level advisory to three, indicating a high level of infections. south korea will extend trading in a foreign exchange market entities restrictions against overseas investors to encourage more international participation. officials say onshore stock market trading hours will be extended and limits loosened on trading abroad. korea is planning -- developed market equities index. global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more th

the the new german government, olaf scholz, the new chancellor, has said he planned to bring mandatorybe backing away from that. similarly macron in france is heading for election, it's a sensitive subject, he had hoped to bring forward a vaccine, vaccination pass. this has been delayed and bogged down in the parliament, so maybe again linking to what you were saying, there is a sense that maybe we could be shifting away from the peak and is there a need to bring in this mandatory vaccination now? so i think it'll be a hot political issue for a lot of those big countries in the next few months. that raises questions for the uk, because the british government had said workers in the national health service from april have to have these mandatory vaccinations, if they are frontline workers, if they are in contact with patients, and it's already in social care in england. do you think there's a possibility if the pandemic really is in decline — or at least the current variant is in decline — that that might, in the end, not happen? because presumably, it's going to put a potential strain

olaf scholz stated clearly nothing will be off the tame -- off the table including nord stream 2. this is a very important message of solidarity of severe consequences should russia take this action. president putin should rethink what he is considering and take the diplomatic court. -- to plot a course. -- the diplomatic course. >> it is reassuring to hear of the german government to not allow operation of nord stream 2 pipeline in case something further goes along should it is encouraging this mentioning of energy, using energy as a weapon in the ukraine context because one of our -- if there will be further disturbances in the energy supply in ukraine, is that also considered an attack on ukraine? what is the threshold to unleash the promised sanction in this context? this will be very important to understand a little bit that are also may be for the russian side. what might unleash the sanctions? >> we are in intensive discussions with european capitals to ensure an energy supply for europe if indeed russia uses energy as a weapon. we think about the risk to europe but we also

lisa: antony blinken who is in europe meeting with olaf scholz is speaking now and talking about theiations with russia and the alliance with europe, saying the allies aim is to seek diplomatic resolution with russia. this speaks to the feeling we increasingly get that perhaps their hands are tied. you point out sanctions have not worked in the past. can you give us details about how clients are preparing for the escalation that feels inevitable? dan: as we have seen from 2014 going forward, sanctions between the u.s., eu, and russia certainly have a material impact on the russian economy. you've seen what was a economy on the global scale in russia shrink and look more insular as it became more towards russia trying to insulate itself from sanctions. i'm not seeing anyone do this yet but i'm seeing more and more clients in the financial services sector beginning to weigh is this the market we want to be in anymore given the uncertainty in all the risks that exists to our business. it is lot of planning. i'm not seeing anyone selloff or pull the trigger, but there's a lot of watching

tom: that certainly seems to be on the mind of olaf scholz, the minister of germany.ar do you think the u.k. should go in assisting, in sending military assistance to ukraine? tony: i think the governor is doing the right thing. it has made a strong statement in words and action in terms of what it has done. we will be in this instance very strongly on the side of the u.s. where we have got to be a united front. if we end up in a situation where there are russian forces trying to take territory from ukraine, they are going to be met with sanctions that will bring economic and political consequences. francine: mr. blair, let us talk about the report that came out, and you are trying to talk about this global vaccination beings successful. there is this vaccination nationalization over the last two years. tony: that is why we need to do better next year. what we do with this report, we work with different experts, is to say that this will be a challenge with future pandemics and we have also got a huge opportunity. it is one thing to look for during this time of covid,

we know that in december, i am sure you remember, european leaders, including olaf scholz and emmanuel agreed that there would be massive sanctions on russia if they invaded ukraine, but the reality is that on the ground a month later and with a huge risk of invasion, we still don't know what that looks like for europe. germany is under a lot of pressure to provide clear signals. it has been a difficult 24 hours for the german external service. an army official caught on tape saying putin deserves respect. all of this bringing to appoint the major ambiguities we've seen with policy as it concerns russia, going back 10 years under angela merkel. dani: thank you so much for keeping us on top of this. 'president bidens chief medical advisor expressed optimism that the omicron surge will soon peak , but the decline will be uneven across the country. we are joined by rachel chang. how optimistic can we be about the spread of omicron in the u.s.? do these lines give us any reassurance? rachel: i think it definitely does. we are seeing the peak coming from omicron is much faster than previous

and away from their leadership, how important is antony blinken's meeting today with olaf scholz?ack: important. following on the president's comments yesterday, he cast this as broadly something that would need a lot of international cooperation. they have not followed up with terribly specific details on how that would work because that would be getting into some theoretical. today's meeting as well as everything we have seen over the last week between secretary blinken and communicating directly with russian officials, obviously a critical time on everything the president talked about with russia and ukraine yesterday. lisa: you also mentioned that president biden admitted defeat on certain aspects of his agenda , also talking about breaking up the build back better built into three parts or several different parts, saying it is difficult to get it through. what is that going to look like? what are we massing out in terms of trying to get anything done on that front? jack: the area where he got realistic and it is fair to say admitted defeat was it does not look like the expand

is it significant that antony blinken went first to meet with olaf scholz and emphasized everything hed, we will work with our allies, we have decided on a plan, is that notable, a notable departure from the previous him this duration, enough to create -- the previous administration, enough to create a coalition? tina: you are right that it is more of an effort coming from washington than usual, but when the u.s.-russia bilateral meetings were announced in geneva, the europeans were very concerned about decisions being taken about europe without europe in the room. since then, tony blinken has been at pains to emphasize the importance, but speaking to you from here in london, there is plenty of reason to be concerned that the failure of this diplomatic initiative is going to lead to a serious gas price crunch in europe, or a gas supply crunch, rather, and a price hike. of course, ukraine is also important agriculturally, so we feel it is perhaps more realpolitik for the united states. lisa: if you were advising multinational companies about how to prepare for some sort of escalation he

german chancellor olaf scholz told parliament wednesday he'd like to make vaccinations mandatory for all adults. in france, tens of thousands of unionized teachers have walked off the job to demand a coherent policy for covid-19 in schools and to demand greater protections for teachers and students. >> wave ached a level of exasperation tiredness, and anger. we had nchoice but to send a strong message to the government. amy: in britain, some senior members of prime minister's boris johnson's conservative party are calling on the prime minister to step down after johnson admitted he attended a cocktail party at his official residence in may 2020 at a time when he'd ordered the u.k. into a strict coronavirus lockdown. opposition parties also demanded johnson resign. this is labour party leader keir starmer. >> after months of deceit and deception, the pathetic spectacle of a man who has run out of road, his defense that he didn't realize he was at a party. [laughter] it is so ridiculous that it is actually offensive to the british public. he has finally been forced to admit what everyo

earlier this week, german chancellor olaf scholz made his most definitive hintwhich still only went so>> ( translated ): it is clear that there will be high costs, and everything has to be discussed if there is a military intervention against ukraine. >> schifrin: other european countries are worried about u.s. sanctions because they have their own business ties to russia. the e.u. is russia's largest trading partner. in countries along russia's border, including finland, lithuania, and estonia, russian goods make up about a third of imports. in contrast, russia is the united states' 26th largest trading partner. and in france, president emmanuel macron further broke western unity yesterday when he said the e.u. should hold its own talks with russia, rather than support the u.s.-russia, and nato-russia talks from last week. >> ( translated ): for both us and russia, for the security of our continent, which is indivisible, we need that dialogue. we have to, as europeans, lay t our own demands and put ourselves in a position where we can make sure they're respected. >> schifrin: today, u

the new chancellor of germany, olaf scholz, took office in december. but has made clear that a russian invasion would have a high cost. the british prime minister, boris johnson, is scheduled to speak with putin in the coming days, and is one that a russian invasion would be disastrous for russia. johnson has his own problems at home, where is under fire for breaking lockdown protocols. joining our conversation, constants stealth in mueller. constance, thank you for being with us. i want to understand a little bit about what admiral was talking about, as nato acts as one, and not in this particular case, russia is assuming they're going to active one -- but not the moment. there's a bit of a difference. some of it is coming from germany, who seems to have concerns about taking to heart of a line on this. >> i'm not sure that's entirely correct. first off, thank you for having me on. from when i can see, i think i've been watching this fairly closely, the german policy maker, implementers, in the machine room, have been working very closely with the adm

joe biden is planning to raise the issue with olaf scholz when he visits washington next month. hong kong is cutting quarantine for travelers by one week. the quarantine changes take effect on february 5 and will see inbound passengers stay in a hotel for 14 days with seven further days of self-monitoring at home. flights from countries remain barred until at least february 18 with hong kong citing high covid cases in those locations. the first oral treatment for the virus recommended in the eu. pfizer says tests show the pill is effective against the omicron variant. the new president of honduras has boosted markets with talks of debt restructuring. he said government debt had reached unsustainable levels making it near impossible to meet payments. investors had been trading under sovereign bonds. global news 24 hours a day on air and on bloomberg quicktake. powered by more than 2700 journalists and analysts in over 120 countries. i'm vonnie quinn. this is bloomberg. paul: let's have a check on the big gold producer currently our west -- worst performing stock. gold production

shery: that was french president emmanuel macron and german chancellor olaf scholz.says she opposes sanctions on russia and once the u.s. is starting a new cold war. the french presidential front runner spoke exclusively with bloomberg's caroline connan. caroline: note that the european union, which is asked all countries to abandon diplomacy, is totally absent from the discussion. we were sidelined. we don't even have a folding chair in the discussion between the united states and russia, even though france originated these discussions. this proves a loss of influence that i deplore. today, the united states absolutely wants to bring ukraine into nato, so we are creating the conditions and conflict that has no reason to be. i don't believe in sanctions against russia. they're counterproductive. a new kind of cold war has been created and the eu followed the united states. the reality is that russia has been pushed into the arms of china. i think there is far greater danger into pushing russia into the arms of china than in maintaining diplomacy with russia and inste

are not seeing the key figure of angela merkel at the table in the discussions could of course olaf scholzch is interesting because he has said it does not want german made equipment being sent to ukraine. i wonder whether that perhaps gives a sense of division or cracks within the nato alliance? i of division or cracks within the nato alliance?— of division or cracks within the nato alliance? i wouldn't say it is a crack in the _ nato alliance? i wouldn't say it is a crack in the nato _ nato alliance? i wouldn't say it is a crack in the nato alliance. - nato alliance? i wouldn't say it is a crack in the nato alliance. he i nato alliance? i wouldn't say it is l a crack in the nato alliance. he has just given a traditional line that also the merkel government had before. there is nothing new to it. it gets a special flavour because many other european countries are currently delivering equipment to ukraine, showing more the solidarity side than military efficiency, but it is an important signal towards ukraine but also towards russia, that the europeans are on site so in that the europeans

in the past few hours we've heard that german chancellor olaf scholz will be meeting with president bidennow some countries are providing military equipment. then these pictures show fighter jets from denmark arriving in lithuania today — this part of nato's aim to bolster defences in the wider region. and the uk is one of several countries considering sending more troops to eastern europe. here's the uk defence secretary. we could definitely deploy more forces in land, sea or air. we have been clear with a rash of these would be counter—productive for their own fears. the lesson from 2014 as you get more nato on your borders if you break international law and become more aggressive. there's also the possibility of imposing new sanctions on russia. that could take the form of financial restrictions. most likely excluding russia from swift — that's the global financial messaging service. specific individuals might also be hit with a travel ban or see their assets frozen — including putin. those are options. and john bolton, who was national security advisor to president trump, says the wes

olaf scholz talking about what is happening in ukraine, saying that russia needs to de-escalate , talkingt be made to avoid military conflict in europe. we will continue to monitor that press conference and bring you headlines. this is bloomberg. ♪ laura: it is time for the bloomberg business flash. i'm laura wright. walmart is setting the stage for meeting its customers in the metaverse. they are setting up their own cryptocurrency and non-fundable tokens. walmart plans to make and sell virtual goods. brian cornell said americans will drive less and consolidate their shopping into fewer trips he also predicted there would be more eating at home versus going to restaurants. in london, bankers who changed jobs in the fourth quarter got an average sally greek -- average salary increase of 19%, according to recruiter morgan mckinley. pay hikes underscore the surging job market in london's financial district after covid slowed down recruitment and earnings 20 12. that is the bloomberg business flash. guy: thank you very much, indeed. two corporate stories dominating here in europe. the first