— unreliable partner, and that's why olaf scholz has _ unreliable partner, and that's why olaf scholzof take _ olaf scholz has suddenly woken up to kind of take part— olaf scholz has suddenly woken up to kind of take part in— kind of take part in crisis communications - kind of take part in crisis| communications because kind of take part in crisis. communications because he kind of take part in crisis- communications because he has realised — communications because he has realised that _ communications because he has realised that his _ communications because he has realised that his poll— communications because he has realised that his poll numbers i communications because he has. realised that his poll numbers are sinking _ realised that his poll numbers are sinking here — realised that his poll numbers are sinking here at— realised that his poll numbers are sinking here at home _ realised that his poll numbers are sinking here at home and - realised that his poll numbers are sinking here at home and also - realised that his poll numbers are i sinking here at home and also allies a

is interesting that olaf scholz trying to take _ interesting that olaf scholz trying to take a — interestingke a message of unity from kyiv to moscow potentially. i think there's— to moscow potentially. i think there's been a lot of scrutiny about what _ there's been a lot of scrutiny about what his— there's been a lot of scrutiny about what his messaging has been particularly around the nordic stream — particularly around the nordic stream to issue, the pipeline that has been — stream to issue, the pipeline that has been built direct from russia to germany— has been built direct from russia to germany to— has been built direct from russia to germany to pipe and gas. obviously already— germany to pipe and gas. obviously already up— germany to pipe and gas. obviously already up and running. a lot of concern — already up and running. a lot of concern i — already up and running. a lot of concern i think in the west that a real misstep was made in the wake of the 2014— real misstep was made in the wake of the 2014 annexing of crimea by russia — the 2014 annexing of crimea by russia. they really

olaf scholz is untested in diplomacy. he is different from angela merkel who was a fluent russian speaker. francine: i have to say that all accounts say this is a tougher vladimir putin. sharon bell joins us now from goldman sachs. i don't know how you play the ukraine situation but it could have a feedback loop into inflation. sharon: this could not, a worse time. growth is slowing. inflation has picked up. an additional heightened risk environment between russia and ukraine is adding into the mix. it is likely to push up energy costs. the only thing to say on the flipside is people are aware of the risk. francine: this is difficult to call because it is down to vladimir putin. no one has an insight into his brain. as a tactical allocation manager , do you sit on the fence or do you have to make a call about going to $100 barrel or upwards? sharon: you can shift your portfolio to reduce the risks even if you are not making an absolute call on what vladimir putin is going to do. we recommend commodities. you can hedge you

at the same time, president biden has been hosting the new german chancellor, olaf scholz inside these. our moscow correspondent, steve rosenberg has the latest. from one president to another, warm words. how are you? fine, just fine. how are you? but there'd be no cosy chat. socially—distanced summits is how the kremlin likes it. "emmanuel, i'm so pleased to see you," said vladimir putin. from one president to another, warm words. behind the smiles, though, serious concerns. what worries the west is moscow's muscle flexing near ukraine — like these war games involving russia and belarus, and the russian troops massed near ukraine's border. what worries moscow is nato. it's demanding an end to nato enlargement to the east. signs of de—escalation? not yet, but vladimir putin said he would keep talking to president macron. g would keep talking to president macron. �* , ., , macron. a number of his ideas and preposals. _ macron. a number of his ideas and proposals, which - macron. a number of his ideas and proposals, which are - and proposals, which are properly still early to talk abou

will olaf scholz say that we know what to do if something happens, will that be a deterrent for vladimirwolfango: the relationship between scholz and putin is one that is in the early stages here and it is important to see that scholz can make his trip to moscow. that is a job for him. they have already been putting that expectation over the last 24 hours about this meeting, but it certainly needs to keep the conversation going on without breaking the unity of the west. and without raising the issue of nord stream 2, keeping that away from the conversation. does olaf scholz have the power to deter vladimir putin? i do not think so. francine: will run nato -- will nato get their act together? if they give russia a green card, could that mean that china becomes more aggressive as well? wolfango: when we look at the american statements, on their side, there concern is about the invasions happening today and tomorrow, whatever they mentioned. what is more interesting for us is that no american soldiers will be sent to fight ukraine, which is physically saying that ukraine is not part of our

olaf scholz is going to be in washington, d.c. you have resident -- president vladimir putin -- president macron heading to moscow to sit down with president putin, who just met with xi jinping of china at the beijing olympics. you have moscow and beijing forming closer ties, and part of that comes at a time when the west is trying to clamp down on russia, but at the same time trying to talk tough on china. a lot of this signals to what could potentially be a precarious future. jonathan: did you see it was jay powell's birthday? lisa: he's in aquarius. jonathan: i forgot to mention. we should be careful about birthdays and make sure we don't miss them, and say happy birthday to annmarie. i promised her i wouldn't do this but these moments are important. this is a big one. lisa: she is literally light, i'm going to run away now. jonathan: why are you at work on your birthday? annmarie: because the past six months when olaf scholz was here, i was able to have 10 minutes or so with him. i didn't want to miss his visit. jonathan: does

. i olaf scholz in the country toda . ., olaf scholz in the country toda . . ., , olaf scholz in thery toda. . ., , . today. i am not very optimistic about the _ today. i am not very optimistic about the diplomatic _ today. i am not very optimistic. about the diplomatic approaches and we have already seen president macron of france come back pretty much empty handed from that famous meeting with putin on that very long table. i don't hold out much the norm degroot, france, germany, ukraine and pressure and its diplomatic efforts. i don't think that pressure puts enough way and watch the germans can achieve. they want to talk to the us, they see the us as the primary diplomatic channel for any resolution of the conflict. in terms of germany's position, it has yet to allow the use of nord stream to the pipeline that brings gas from russia direct to ukraine. is that a big tool within this diplomatic conversation, in terms of the threat of a possible economic sanction? it threat of a possible economic sanction?— sanction? it is one of the tools that _ sanction? it is one of the tools tha

have you talked yourself to olaf scholz? not yet. i talked to the previous chancellor, frau merkel.alf hours and at least for one hour and a half, were discussing nord stream 2. because i just wonder whether you believe that even now, in this moment of crisis, that the united states and the europeans are really on the same page when it comes to the message being given to vladimir putin, because whilejoe biden talks about the severest of sanctions which will utterly cripple the russian economy, we don't get the same message from the europeans. we've just had emmanuel macron in moscow, five hours of meetings with putin face—to—face, saying that he understands that moscow has some legitimate security interests which nato needs to address. olaf scholz, as i say, refuses to promise that he will abandon nord stream 2, even if the russians invade. do you think the united states and europe are on the same page? not exactly, because, unfortunately, many politicians inside europe, they favour this mentality of balance of powers and they sometimes look at russia first of all as some kind of po

annmarie: it is the germans, olaf scholz -- maria: it is the germans, olaf scholz.ladimir putin meeting with him tomorrow for the first time here this is a chancellor who is under huge pressure. domestically, polls continue to drop for him. he is stuck with a gas problem and economic problem. if there are big sanctions on the russian economy, it is germany that will hurt most. tom: help us with our perspective -- we have world war ii, then we have, basically, gorbachev allowing for the epa chief -- repatriation of east germany. right now, how does mr. putin perceive germany 2022? maria: i think that is unclear, and it is unclear because it is new leadership. when it comes to angela merkel, that is someone who grew up in east germany, who spoke fluent russian. the two of them had an understanding. you could argue a lot of the problems germany and russia have are the making of angela merkel and the appeasement she pursued 14 years. but for vladimir putin, this is a test when it comes to olaf scholz. he does not know this man, does not know how far he can push him. he

what does president biden need or want to hear from olaf scholz today.rie: president biden and the white house, even those back home in germany,

vladimir putin describes the meeting today with olaf scholz as businesslike. thought that was quite interesting. olga: yes, we know very well that berlin and moscow have a particularly close relationship when it comes to nato allies, and that in the last few years, we were all looking to berlin to be able to engage moscow when things were at their worst. so whilst olaf scholz did not show the same capacity to publicly engage in at least the discourse of diplomacy and the first few weeks and months of this crisis, it was incredibly welcome to see him trouble first two give -- first to kiev and to moscow. i think we are seeing what olaf scholz as chancellor will look like, with eastern focus policy orientation. kailey: maybe we are watching olaf scholz's foreign policy take place in real time. what about the biden administration? have they indeed brought the u.s. back to the global stage to be the global foreign policy leader, at least for the west? olga: i think biden has been a leader on this, but it is very clear that this is a coordinated and very well coord

olaf scholz is in ukraine today. he travels to meet with the tomorrow. let's get an update on what we need to know with both of these meetings. maria tadeo joins us with the latest from brussels. talk us through what the german chancellor is hoping to achieve, what he brings into this puzzle? maria: two things. when you look at what he has been doing in ukraine, clearly it is about the money. this is a country that is already hurting financially and is in turmoil because of all of the instability. today olaf scholz was there to say we will provide financial help ukraine and also reiterated the pledge the territorial integrity of the country cannot be negotiated. there was also another line that caught my eye from his press conference, especially when we take into account tomorrow he will be in russia. he said if the russians were to invade ukraine, we will know what to do. he did not detail what that means, but this is a tougher tone from the german administration, saying if there is an invasion we will know what to do when it comes to russia. a lot of t

jonathan: is it a baptism of fire for chancellor olaf scholz?i'm not sure what the reset will be. what's important with chancellor merkel is not the same as the new guy on the lock and they will be an adjustment to the message given the baggage back to world war ii. jonathan: he has inherited some problems on the domestic front. lisa: not only his he dealing with inflation but he's also dealing with their dependence on autocratic nation that will use that as leverage. why isn't there more being discussed about investing in infrastructure that can move away from the fossil fuel? they don't even take green into account. jonathan: the commercial dependence on two autocratic nations, not just one. lisa: and this is the reason why they're using the division between the corporations and these nations and the government to their benefit and they can continue to do that. jonathan: the mood in this market proves in a big way with a oz on the nasdaq 100 and the s&p 500. yields are higher by five basis points and crude is lower, down by 3%. jonathan: we ge

olaf scholz soke a as far as sanctions go. olaf scholz spoke a lot _ as far as sanctions go. lot about _ as far as sanctions go. olaf scholz spoke a lot about the _ spoke a lot about the financial commitment he had made or the country had made to ukraine. also putting emphasis on the minsk cards. take us through what those are and why germany is banking so much on those —— minsk accords. the why germany is banking so much on those -- minsk accords.— those -- minsk accords. the minsk accords were _ those -- minsk accords. the minsk accords were hammered _ those -- minsk accords. the minsk accords were hammered out - those -- minsk accords. the minsk accords were hammered out at - those -- minsk accords. the minsk accords were hammered out at a l those -- minsk accords. the minsk i accords were hammered out at a very difficult time for ukraine just when it was emerging from this long hybrid war that it was having with russia over the course of 2014—2015. at a time of weakness relief for the ukrainian leadership, which is why it is so difficult right now to get a full agreement

olaf scholz is in d.c.ng with president biden seemingly to cancel the nord stream 2 if moscow invades ukraine. basic resources gaining 2%. michael's up 1%. autos and parts in positive territory. technology down 0.4%. that is the picture 30 minutes into the trading session. francine: this is what we are looking at when looking at credit spreads. the credit market is showing signs of stress, which is what we are watching. there is a great chart looking at that, looking at the stress level they saw back in december 2020 compared to now. rising yields in corporate bonds with how yields are being impacted, and that could have a repricing for the broader market. tom: we are seeing credit stress around the edges. we should not get too concerned according to some, but you are seeing the reaction function now. when you compare back to october, november, this is last year, when you saw those spreads tighten and yields rise on the sovereign's. the white line is what we are seeing in terms of the u.s. 10 year yield, an

we see olaf scholz say that nord stream 2 was essentially done at the moment.d president biden use similar language that chancellor schultz would not use. i think the alignment is still there and this might be the cadence of how the actions are being rolled out more so than anything else. katie: vladimir putin had to make this calculation. knowing full well the threat of sanctions is on the table. as the russian economy well enough fortified, and the repercussions that followed suit? can vladimir putin withstand this much better? >> the deterrent has been the real question. is the threat of sanctions enough to to determine -- to deter president putin? the answer is no. there has not been a scenario with this set of sanctions so comprehensive. so i don't think fortress russia could handle the full salvo of western sanctions. looking at markets, there is voting with their feet with how well russia can sustain this. jonathan: no doubt we will be catching up with you through the weekend. just turning positive again on the s&p. >> i don't look at the nasdaq. we are

olaf scholz saying no.ot the kind of does the unity they want to show at this point -- not the kind of disunity they want to show at this point. jonathan: a dark day for europe and ukraine. with the leadership response has been clear. there accusing russia of bringing war back to the comment. things we not seen for a long time. russia has invaded ukraine. russia would like to demilitarized the country and change leadership. the people of ukraine are in for a tough time. foreign leadership has to react. we will get that reaction from the president of the united states at 12:30. full coverage will continue on bloomberg tv and bloomberg radio. from the bloomberg surveillance team, thank you for choosing bloomberg. ♪ >> from the world of politics to the world of business, this is "balance of power" with david westin. david: welcome to a special edition of balance of power covering the russian invasion of the rain. i am joined by joe mathieu in washington. it is a different day today that was yesterday, isn't it

what would _ join —— chancellor olaf scholz. what would you _ join —— chancellor olaf scholz.translation: ~ ., ., ~ ., translation: we have talked about many topics- — translation: we have talked about many topics- my _ translation: we have talked about many topics. my position _ translation: we have talked about many topics. my position on - translation: we have talked about many topics. my position on mr- many topics. my position on mr navatny— many topics. my position on mr navatny is _ many topics. my position on mr navalny is clear. a conviction is not acceptable in our opinion and i have _ not acceptable in our opinion and i have already said that. translation: i understand my guest is offerin: translation: i understand my guest is offering me — translation: i understand my guest is offering me the _ translation: i understand my guest is offering me the opportunity - translation: i understand my guest is offering me the opportunity to - is offering me the opportunity to answer the questions. first of all, as for how russia will proceed, rush it will proceed according to

it was very interesting to see yesterday the talks between olaf scholz and vladimir putin, scholz has said the answers the russians have gotten about the security demands, it involves nato force withdrawal in eastern european countries and guarantee ukraine would not join nato as well. they do feel there are still grounds to continue those talks. olaf scholz, the german chancellor, says the west needs to see deescalation. in a press conference after vladimir putin i asked him on what issues he pressured the american president and here's what he had to say. >> we have a very clear strategy and this is first saying that if there would be a military aggression against ukraine, that this would have hard consequences and we are well prepared to decide the necessary sanctions. >> reporter: so the german trans l -- chancellor olaf scholz saying he wants to have a prodder discussion about security in europe and they say they want their demands to be spoken of. they want that to be a longer term discussion. it looks as though the key demand is not one that will go away any time soon. >> indeed

not anymore, the new chancellor olaf scholz tweeted. .. new chancellor olaf scholz tweeted...r choice. the list continues to expand. giants from turkey and germany policy shift meets country with german made weapons can also share those. the extra support has been noted. on friday president zelensky said ukraine was left alone but a saturday night he tweeted... the reason they a challenge here. getting military aid into ukraine is more complicated now stop for example, flying weapons in poses an unacceptable risk.— unacceptable risk. anti-tank, anti-aircraft _ unacceptable risk. anti-tank, anti-aircraft system - unacceptable risk. anti-tank, anti-aircraft system can - unacceptable risk. anti-tank, anti-aircraft system can be i unacceptable risk. anti-tank, - anti-aircraft system can be tracked anti—aircraft system can be tracked across the border, picked up by the ukrainians. the vital problem is to get the stuff in in the volume needed as quickly as possible but then of course ukrainian forces to be able to distribute them. and then of course ukrainian forces to be able to di

i know olaf scholz is going to visit in moscow.it possible for europe even to get off of that -- i don't want to say -- let's say dependency? because they need it. even if russia invaded ukraine, if in i know russia says they don't want to -- if, and i know russia says they don't want to, the europeans would still be paying for oil coming through. reporter: during the height of the cold war, those flows continued. oil and gas flows continued from russia into europe. matt, your 100% correct and the fact that europe is highly dependent on russian gas. it is much for cheaper -- it is much cheaper than getting lng from the u.s. or qatar. they are using nord stream 2 west as leverage point. we should note, it was interesting today, olaf scholz was in kiev, but president zelensky said ukraine and germany have very different views on nord stream 2. one of the biggest security concerns in the u.s. and nord stream 2 -- when nord stream 2 came into existence was that you would miss out potentially on the transit fees through ukraine. this is

.— meeting with olaf scholz.fected by all of this? life goes on as _ being affected by all of this? l152 goes on as normal. it being affected by all of this? i t2 goes on as normal. it has been a beautiful day for the last two days, i don�*t know if you can still see the clear skies behind me. it�*s easy to see what there is not. there are not sandbags, military checkpoints, we have not seen any soldiers today for example. for ukraine�*s capital, at least, it is still a political story. there are still intense discussions going on, some newspapers detecting an invasion on wednesday which in the eyes of president zelensky is incredibly unhelpful. he is still trying to install calm and if you look at things on face value, that seems to be working. if you talk to ukrainians, some are avoiding the news, some are tired of the endless speculation and it is difficult to ignore. it does have an impact when you have got 130,000 russian troops manoeuvring along the seat of the south or east or northern borders. it does tak

president biden is meeting with the new german chancellor olaf scholz. and mj it comes after we just learned germany is prepared to enforce unprecedented sanctions on russia if the kremlin fails to de-escalate tensions with ukraine. this from the country's foreign minister. what can we expect to come from biden's meeting with the german chancellor? >> ana, this is an incredibly important and critical diplomatic meeting. and there are a number of challenges facing president biden. one is just the simple reality that we have been talking about for weeks that germany essentially has shown a real reluctance to be forceful when it comes to russia and its dealings with ukraine. whether it is on the question of sending arms to ukraine, whether it is boosting troops on the -- along the eastern flank and the question, of course, of sanctions. we expect that to be a big part of the discussions between the two leaders that will take place any moment now here at the white house. and then, of course, there's the dynamic that olaf scholz is a relatively new chancellor

olaf scholz has come in relatively new. not wet behind the ears, he was vice chancellor in the last four years of the merkel government and was finance minister. which is, in many views, the second-most powerful position in the german government. he is certainly someone with a lot of experience. but, it is a different thing than what we had before. i think the united states is being smart in allowing multiple points of contact with vladimir putin and multiple pressure points to try to get this thing to not move on to an invasion. kailey: other than angela merkel not being involved, i am wondering what else is critically different than in 2014 and why eight years later, you think vladimir putin thinks it is a time he things he might be able to make a move like this. john: there are several things, he is looking at a change in government in germany and macro own -- emmanuel macron running for reelection. there has been a lot of change and transition and maybe there is an opportunity. secondly, what putin probably wants more t

we saw last night, olaf scholz quite unexpectedly announced that germany would send quite substantialaine and also would scrap a ruling that prevented third countries from sending german manufactured arms, because, traditionally, they were not allowed to send german—made arms to conflict zones. that has been overturned. quite a lot of swift action after some heavy criticism from western allies that germany wasn't doing enough and also some heavy criticism within germany. people on the streets demanding that the german government do more and i think what it is also interesting to note is the government parties that are carrying out these quite radical changes with how it regards russia, it is astounding because the spd, the leading centre—left party traditionally has a mantra and it is a deep—seated ideology, of talking to russia rather than fighting with russia. it is very important to that party �*s history. the greens are a pacifist party, their roots are in the peace movement of the 1960s, 70s and 1980s and the fact that these two parties are so hawkish with russia, it isjust two p

. >> president biden held a meeting with german chancellor olaf scholz at the white house to discussked about possible sanctions against russia and whether the nordic stream to gas pipeline from russia to germany would be blocked from moving forward if there was an invasion by russia into ukraine.

this is really olaf scholz? crisis since he took ove from angela merkel, and -- this is really olaf scholz's biggest foreign policy crisis since he took over from angela merkel. the markets will be watching. a lot of things are hanging and watching on how these stocks go on this week. rishaad: derek wallbank, our senior editor, just having a look at the situation in the u.k. and the geopolitical overlays affecting the oil prices. really rocketing high, fueled by those tensions. crude is marching to $100 a barrel for the first time since 2014. it threatens to deal a double blow to the global economy. let's get to our asia economics correspondent enda curran. this is quite something. another form of tightening in another name, if you will. enda: it is. the problem is that higher oil prices, in and around the seven-year high, will stoke inflation pressures and that will mean interest rates have to go higher and if you have higher interest rates, then you are talking slower growth. higher oil prices impact economies

what i find really a delicate diplomatic dance is that olaf scholz will certainly as he just took overnow, angela merkel i'm sure he's not thrilled at atria all with the situation he's faced but he's go the to balance his needs of natural gas with his ability to say yes, we support any kind of sanctions against germany. do you think that was really pressuring him in this? reporter: really, yeah, pressur ing him but also to your point about the natural gas the u.s. has said some officials have said or told me that they plan on helping the germans with natural gas exports should the russians invade and should they add sanctions again to that nord stream two pipeline but again to your point that would spike natural gas prices in this country, should that have to happen, because the exports, you know, are slowing down, the demand in the united states, we have pipelines that are being discouraged or canceled in this country, so again, that be an interesting dynamic going forward. we have the u.s. clamping down on some of those pipelines that carry natural gas clamping down on some of that d

nord stream 2 was not certified, we knew it would not be certified, but the fact that olaf scholz goes on the record changes completely from the merkel administration, and says we are not in a position to certify this, and this is not ok. that is a huge change in tone in germany, and it triggered a huge reaction from the russians yesterday. europeans are going to pay a lot of money on this. yesterday the chancellor said, at this point, it is peace at stake, and that is a bigger deal than cheap gas. manus: you are right, that sweet from medvedev was quite something. let's get the market reaction. some say the sanctions landed with a thud on the market. what is your assessment? juliette: absolutely, traders assessing the fact that we have avoided some of the harshest restrictions from the united states. some pickup in the s&p 500 futures after it entered correction territory yesterday, and a positive rebound in asian stocks, rising for the first time in four sessions. we are focusing on the aluminum producer, 25% of its revenues from russia, it was down 19% yesterday, the biggest slump i

the same question put to olaf scholz, he was much more ambiguous.hen you look at the trip for emmanuel macron, this was a delicate exercise diplomatically. he did say, i hear some of the concerns when it comes to russia, i will put it to the ukrainian prime minister. vladimir putin was completely brutal and the press conference where he said russia is not the problem, the west is the problem. i would note behind the scenes the french are saying, but this is not confirmed from the russian side, that russia has committed to not taking more military initiative in eastern ukraine. i do want to stress this is coming from the french. the russians did not confirm this on the record. dani: thank you so much. maria tadeo updating us on all things russia-ukraine tensions. let's get over to the first word news. juliette saly standing by. >> hong kong is set to announce further social distancing requirements after daily infections soared to more than 600 as the omicron variant spreads. carrie lam has pleaded with residents to stay home at the city battles its w

this is going to be the first time let a mere prudent and olaf scholz meet -- vladimir putin and olaf scholz meet in person. the question is can the german chancellor deter the russians at this point? dani: thank you for keeping us updated. oil is retreating from its highest since 2014 as traders way russia's intentions toward ukraine against the main outlook. geopolitical risk, potentially higher u.s. supply, and the potential for a revival of the iran nuclear deal could tamp and bullishness about the commodity -- dampen bullishness about the commodity. a lot for equity markets to weigh. does the $100 oil call look like it is still within reach? >> when you look at how much oil has gone up the last few months, one of the best-performing commodities so far this year, i think that $100 oil call, this is a down day. folks are still digesting those comments from the ukrainian president. they are also digesting russia saying -- or pretend rather -- putin saying they will look at a diplomatic approach at the border, but when there is 130,000 troops on the border to the ukraine, the market

the press are assembling for this press conference with olaf scholz and joe biden.ess to say you can see it has not started yet. when it does, we will listen in. ♪ now, let me show you a medical breakthroughwhich has allowed a number of paralyzed people to walk. one of them also able to -- was also able to father a child all because of pioneering treatment developed by swiss researchers using an electrical spinal cord implant. the first time once -- the first time one person whose spine was severely severed was able to be restored. this is the report. [no audio] reporter: he was paralyzedafter a n accident. he has no feelings in his legs. he can walk while using a frame. because of an electrical implant that's been surgically inserted on his spine. using a remote control, they sendignals to his leg muscles that enables him to walk. it is the first time that someone this injured has been able to do this. michel, i cannot believe you were paralyzed once. >> i know. i stand up, walk where i want. like under the steps -- i can do the steps. reporter: this is another pat

new chancellor olaf scholz tweeted we are...re were no other choices on the list of weaponry continues to expand. javelin anti—tank guided missiles from the uk, the us under estonia, drones from turkey and germany's policy shift means countries which have german—made weapons can share those as well. the extra support has been noted. on friday, president zelensky said ukraine was being left alone but on saturday night he tweeted, keep it up, chancellor olaf scholz, the anti—war coalition in action. but there is a challenge here, getting military aid into ukraine is more complicated now. for example, flying weapons in poses an unacceptable risk. anti-tank and anti-aircraft _ unacceptable risk. anti-tank and anti-aircraft systems _ unacceptable risk. anti-tank and anti-aircraft systems can - unacceptable risk. anti-tank and anti-aircraft systems can be - unacceptable risk. anti-tank and i anti-aircraft systems can be tracked anti—aircraft systems can be tracked across the border, picked up by the ukrainians and the vital problem th

we do get your men chancellor olaf scholz heading to ukraine today. tomorrow, he is headed to russia. he to see how he thinks with the nord stream 2 gas pipeline and how oil prices have surged. overnight, they surged 10% as part of renewed tensions. we get word from ecb president christine lagarde, addressing the e.u. parliament. what will she say about the rising yields because of the concern over ukraine and russia? there is the sense they could talk about raising interest rates by the end of this year, moving away from negative rate policy for the first time going back to 2016. 11:30 am, that is a routine meeting -- routine -- of the board of governors of the federal reserve. it is interesting, given how much concern there is, about some sort of destabilizing action by the federal reserve. mary daly, essay for fed president, said abrupt and aggressive action can actually have a the stabilizing effect on the growth and priced stability we are trying to achieve. so what i favor is moving in march and taking the next steps in a gradual way. that actua

bring it all together, we have olaf scholz in yesterday, emmanuel macron in moscow, now in ukraine asterms of the washington that -- the progress we have made, where are we? >> i think what is interesting is the meeting this evening between emmanuel macron and olaf scholz in berlin. micron has been on a european tour while schulz is in washington. these two are going to swap notes on what is going on, as they try to be the in lockers between the united states and russia. i think yesterday, in washington, d.c., it was very firm where the united states stood in terms of harsh sanctions on russia. even if that would mean some tough -- a tough road ahead for the europeans, especially germany when it comes to nord stream 2 bank. i would say all offshoots was more direct -- i would say olaf scholz was more direct, but not as direct as some people would want him to be. this is also something he is dealing with, difficulties on domestic front. when it comes to the assurances president putin may or may not have given emmanuel macron, a french official has said putin's commitment on military in

but behind closed doors, when olaf scholz was in washington, he met with senators.or mitch mcconnell had come out and said that they basically had assurances that nord stream 2 would be off the chopping block. president putin spoke about energy dependence yesterday, standing alongside olaf scholz, and he made a point to say the economic ties between russia and germany are at an intensive point at the moment. lisa: how much of a signal do you get from the fact that we hear all of the tensions from the u.s. government, from france, from germany, not from ukraine that much? that on the ground, people are not that worried about russia invading? what do you make of that? maria: today we should note that it is a public holiday in ukraine, what they call the national unity day. a lot of this was done by president zelensky to rally the ukrainian people, and we should note this is a very real life-and-death scenario for them, and they have been terrorized on a daily basis about this attack happening. ukrainians say we should not panic, otherwise this could turn into real soc

on the of ramification, olaf scholz - watching very closely. financial support for the ukraine. but also repeating very far—reaching and far—reaching sanctions and coordination with our allies when it comes to russia, how effective our sanctions? , comes to russia, how effective our sanctions?— comes to russia, how effective our sanctions? , ., sanctions? does putin actually care? well, one sanctions? does putin actually care? well. one of— sanctions? does putin actually care? well, one of his _ sanctions? does putin actually care? well, one of his ambassadors - sanctions? does putin actually care? well, one of his ambassadors to - well, one of his ambassadors to sweden this weekend laughed in the face of the idea of sanctions saying that putin couldn't care less. exceptin that putin couldn't care less. except in slightly ruder language that's not appropriate for the bbc. i think the reality is that the sanctions have been lined up by the uk, the us and others in the west will be much more hard—hitting. previously what the uk was able to do und

today, olaf scholz didn't go as far as mr biden.ppen to nord stream two. he said he would put all options on the table, but wouldn't get into specifics. when he was asked how he would actually bring an end to the nord stream two project in the event of a russian invasion, mr biden wouldn't go into specific. but the german leader did express, however, germany's strong commitment to economic sanctions, which isjust what the united states was hoping to hear. germany has been criticised here for sending 5000 helmets, but nothing in the way of real military support to ukraine. that's a corrected criticism from lawmakers of both parties here. germany also brought other countries from transferring german arms and equipment to ukraine, and the biden administration has been working very hard to co—ordinate a united european response to the russian aggression on ukraine's border. today, mr biden was full of praise for germany, saying it was a close ally and one that was completely reliable, and mr schultz affirmed his support, germany's suppo

the president meets behind doors with olaf scholz. we'll take you there when it gets underway.d about it's about to get going shortly. the genocide games, that's what republican michael waltz of florida is calling the beijing olympics in a tv ad. he says nbc won't run the commercial because it calls out u.s. corporations sponsoring the game. >> the world's greatest athletic showcase. just outside the show, rape, genocide, slave labor, american companies are drunk on chinese dollars. entangled with communist dictators committing atrocities. >> martha: nbc said their longstanding advertising good lines changed the ad so it could air. with that, we bring in congressman waltz. what changes were they asking for? >> we booked the air time for during the olympics. nbc said we'll run it if you make material changes and you take down all of the company logos. kind of the point, martha, right? this was a nonrejection rejection. at the end of the day, nbc is doing the bidding of the chinese communist party and all of these companies that preach social justice here at home are turning a bl

his podium with olaf scholz, the new german chancellor.the financial times, putin open to talks but prolongs invasion threat against ukraine. the first sentence of the ft story, latimer bhutanese tensions in the ukraine crisis. is that what it feels like —— vladimir putin. as i would feel like tonight? has a temperature going down a bit? i was temperature going down a bit? i was really surprised _ temperature going down a bit? i was really surprised by _ temperature going down a bit? i was really surprised by the _ temperature going down a bit? i was really surprised by the take on this was of— really surprised by the take on this was of the — really surprised by the take on this was of the tensions were eased by the withdrawal of troops from the ukrainian — the withdrawal of troops from the ukrainian border. but this comes from _ ukrainian border. but this comes from unverified video released by the russians and in the face of a large _ the russians and in the face of a large cyber attack that took place today— large cyber attack that too

and a real sense for the president today to get a kind of chance to assess where olaf scholz is. and there has been some question about how much germany has been willing to support the ukrainian effort and its defenses, and scholes has talked about that and said they're on board with fellow europeans. there have been questions especially because this is a new leadership in germany after the long tenure of angela merkel, and, of course, emmanuel macron is trying to emerge as the new leader of europe and he's playing a key role in meeting face-to-face with president vladimir putin. here in washington and in moscow, looking for way to see is there still any juice left in the diplomatic push that still ongoing. andrea? >> well, to that point, exactly, kelly, michael crowley, is president putin just playing this out, participating today, for instance, with the eu presidency head -- france leading the eu, i should say -- just to show diplomacy until, you know, he's either ready or makes the decision to fully invade? >> well, that's a totally plausible scenario, andrea, and that's the p

olaf scholz will meet with ursula von der leyen and emmanuel macron. i am curious to hear how olaf scholz talks about his pivot that he outlined over the weekend. he will talk about 100 billion euros he is dedicating to the military. this is in line with what nato has wanted and it is what germany has underplayed for a long time. he has agreed to supply kyiv with weapons. it is a pivot. meanwhile, we will be watching raphael bostic take part in a conversation about the economy. how much will we talk about fed intervention? we heard credit suisse talking about the intervention there. more negative real yields for all the wrong reasons. president biden is hosting a call on the russian-ukrainian invasion. crude is above 100 dollars a barrel. in the u.s. gasoline prices at the highest levels going back to 2014. how much does president biden talk about a crude reserve release? jonathan: 115 is the target price up from 105. tom: so many things are within range with huge exceptions like the ruble. we do not need to do fancy charts on the ruble but i take your

important first meeting at the white house between president joe biden and germany's new chancellor olaf scholzpresident macron hopes to nudge putin toward a diplomatic end to the ukraine crisis. president biden hopes to nudge scholz to back tough sanctions if putin instead takes the military option. we're covering this story from across the globe. let's get to nic robertson first in moscow. the french president hopes to start a process of de-escalation. what more do we know? >> and president putin greeted him like an old friend, if you will. his language was pleasant. he said that he was grateful that president macron had taken the time to work on this subject. had taken the time to come to moscow to meet him. that he hoped that macron would be able to de-escalate tensions in ukraine. but also bring about a better security arrangement in europe. but all that nice language around a big long table where they were sitting inside the kremlin belies the fact that the message from the kremlin today has been they don't expect a breakthrough, these talks. they haven't got what they independent terms o

olaf scholz has only been in office, as you say, just two months.leaders, justin trudeau of canada is the one he has a relationship the longest. but he's really not a player in these talks in the same way. and so, when biden was running as a candidate, he talked about the fact, how he was trying to restore american credibility and leadership on the world stage he would lean on those relations. but it's actually vladimir putin to the extent you could say anybody has a relationship with vladimir putin that he knows the longest in this situation. so behind closed doors biden is trying to get all of our european allies on the same page, he's expressed this kind of frustration. but white house officials say he's been empathetic because he knows domestic politics is one of the issues. boris johnson is eager to play a bigger role in this crisis to distract from things at home, emmanuel macron faces re-election in just a few months. so he's trying to use this to bolster his position as the new merkel, leader of europe. olaf scholz is limited in his ability

and to signal transatlantic solidarity, german chancellor olaf scholz flew to washington for talks on. if russia makes a choice i to further invade ukraine, we are jointly ready- and all of nato is ready. moscow insists that it is the victim here, that russia is a besieged fortress, threatened by america, by nato, by a ukraine hostile to moscow. threatened by america, by nato, what the west is struggling to work out is if diplomacy ends, what will russia do next? steve rosenberg, bbc news, moscow. here's the bbc�*s north america correspondent, david willis, with more on those talks between biden and scholz. president biden went as far as to say if russia were to invade ukraine, there would be "no longer any nord stream 2 pipeline". america has been long opposed to the project, and this meeting at the white house today seems pretty crucial as far as establishing germany's position to the package of economic sanctions that the united states and europe are looking to unveil. today, olaf scholz didn't go as far as mr biden, in actually specifying what would happen to nord stream 2. he sai

right now, vladimir putin is meeting with the german chancellor olaf scholz in moscow. a kremlin spokesman tells cnn the russian president is willing to negotiate with the west. >> this all comes as new satellite images show at least 60 helicopters have landed in the past few days at a previously unused air base in russian occupied crimea. said to be a mixture of transport and attack aircraft. more than 130,000 russian troops are already in position around ukraine. and then there's this chilling assessment from a source telling cnn that an attack by russia some time this week is more likely than not. the u.s. shutting down the embassy in kyiv as an invasion precaution relocating the remaining diplomatic personnel to a city in western ukraine. cnn's jim sciutto is live for us in kyiv. just set the scene for us today, jim. >> reporter: i will. listen, it's another beautiful, calm day in kyiv. a city still operating as normal. we have heard in the last 24 hours for the first time the mayor here, for instance, talk about at least making preparations for evacuation as well a