kailey: rachel morrison, thank you for always staying on top of this energy story for us. i am sure we will -- i'm sure we would -- i am sure we will be talking with her a lot more in the coming months. this is bloomberg. ♪ kriti: time for the bloomberg flash to look at some of the biggest stories in the world right now. thanks to soaring coal prices, -- an additional $4.5 billion to sharepoint -- to shareholders and dividend points. when core has been one of the biggest winners from the global energy crunch. as much as 22 billion dollars by selling alibaba deliver to -- derivative. that allows the japanese company to raise cash immediately while keeping open the possibility of holding on to the --. kailey: kailey: i want to pick it up with some breaking news. a court in russia has given the u.s. women's basketball player brittney griner nine year sentence for the drug she was found guilty of smuggling. the nine-year sentence is what greiner has received. going to easily continue those discussions on a prisoner swap. guy: what is happening with the markets right now. europ

guy: rachel morrison, who leads gas and global coverage in europe joins us now. is it tomorrow, the next day, is it about to completely come to an end in frankfurt, isn't it? rachel: we are watching the rain and rhine levels closely. as you can see from the pictures described, it will take a lot of rain to change the situation. once we have reached those critical levels, we don't expect the situation to change quickly. this could be a problem for weeks to come. alix: also, not to mention the fact that if it rains, the soil is going to soak up a lot of the water because of the drought. it is going to take even longer, even if we get that short-term relief. i'm wondering what is going to happen in terms of moving stuff. for my understanding, you can still move things, but what is on this barge has to be liked or a lot less and smaller so it is way down -- weighed down. what can we expect? rachel: we are looking at companies trying to find alternatives or things that can be transported by rail but not everything. and things like coal, that does weigh a lot. it will b

brought it all on themselves and seem pretty intent on staying the course are to contribute. rachel morrison taken us through that. thanks. rachel. now a so cold and murder for hire a plot to assassinate the former u. s. national security advisor john bolton, i've seen a member of the arena law mac revolutionary guard cor, charged by the u. s. sharon um personnel fee was reportedly offered at offering $100000.00 for the hit thought in retaliation for an earth strike that killed senior. iranian military officer. custom sula. money in 2020 on or about january 3rd, 2020. cuz some silly money. the former commander of iran islam a revolutionary guard cor, t o d s force was killed by u. s. air strike in iraq. certain members of the leadership of iran denounced the killing of publicly vowed revenge general. still a money was se hugely popular, figuring around his killing brought hundreds of thousands of people on to the streets and protest. many experts considered him of the key figure behind a run foreign strategy in the middle east on the market. tact of its regional influence really cilla money'

or to contribute rachel morrison taken us through that. thanks, rachel. just another aspect of what was being explained there earlier this week. the polish prime minister stress the you also write by disagreements over the ways . and the grees of support for ukraine runs the risk of quote, imploding. do you think the divisions between the countries at one piece and those that want to ukraine to win by any means could one day lead to an explosion of the european union? yes, this threat of implosion does exist. that is why it's so important to maintain dialogue among us to find compromises in a common denominator. on the issue of support for ukraine isn't improving divisive within the youth. the austrian defense minister house question whether blocks age should be undertaking training missions along with the ukranian army. but our german counterpart claims berlin's reached its limit of weapons available for donating to get that contradicts the most recent comments from the you. foreign policy chief regarding the unions readiness to supply ukraine with as mu

let's get into this at with our tea contributor rachel morrison. hi ritual here. it opens up a pandora's box as i would imagine, the ramifications of such a step. well the blocks $27.00 foreign ministers has spent the last 2 days meeting in prague and really couldn't come to an agreement on the full ban on russian tourists that estonia, lakia, and finland. so you countries that share a border with russia had been demanding. in addition to hungry germany and france also opposed the proposal and had been circulating a memo, calling the quote, need to strategically fight for the hearts and minds of the russian population. and suggesting that this would hinder those efforts seducing hearts and minds. please, if slot russian citizens with sanctions at every turn, you know, it kind of sounds like an abusive, toxic relationship or, you know, like a bad french romance movie. but by the way, does the average russian even know or care that, that you think that it's fighting for their hearts and minds when all that they can see is animosity every turn. and what are france an

our rachel morrison's take on the situation. anyone who just a few months ago would amused about a potential humanitarian crisis in the u. k. or d, industrialization of germany or blackouts in wealthy switzerland would have probably been left out of the room and into an insane asylum. we're talking here about the most developed nations on earth, and yet that's exactly where things are at to day. it's still summer time here in europe with the winter's pea heating seasons still always off. and yet, every day now official across the continent are making increasingly dire. predictions about the impact of the energy crisis caused by europe sanctioning of its own gas supply from russia. the latest to sound the alarm is the mayor of london city khan, who called attention on twitter to britain's national hall system leaders saying that the u. k. could be facing a humanitarian crisis as people have to make a choice between feeding themselves and paying for heating. as we near the winter months, choosing between heating and eating is a fa

rachel morrison, thank you very much, indeed. rachel on what is happening with the energy story. european power prices continue to hit fresh records. the gains reflecting type markets for natural gas coming out of russia and also ongoing problems with the new french nuclear power plants. joining us now to discuss the implications as seema shah, and support global investors chief strategist. do you think investors have the -- have their arms around the problem? do you think these are reflected in european financial assets? seema: for europe, i think there is no hesitation here, and the fundamentals for europe are very effective. from an earnings perspective i think they are considering that there's going to be a significant economic slowdown. evaluations to this point have fairly captured some of those risks. i look at germany, if i look at relative to its own history it has really been cheaper than this. that is assuming that there are no further tail risks coming. what has been happening with the german river is a tail risk, and at this point you start to consider that even thou

let's bring in rachel morrison.ve a concrete plan on what happens when we get to the colder months if russia turns off the tap completely? reporter: what we are seeing is europe has energy system being tested by the summer weather, which usually wouldn't be much of a problem. sometimes we do see impacts of heat and are talked about the rhine, but it is worrying to see the strain being cut on the energy market at the moment -- being put on the energy market at the moment. gas prices are at the highest in two weeks today. that sets the stage for winter, so what is being priced in is people thinking it is only going to get worse when demand rises. we see governments scrambling and trying to get their plans in place. they're going to decide to ration which industries need gas the most to keep the lights on. there are big economic decisions that need to be made. tom: the pressure is on lawmakers across the continent and in the u.k. to act on it, when you are facing under 500,000 pounds a year on the utility bills. we are

tom: thank you, rachel morrison, leading her team on the gas question.ng now in dutch gas up 10% as we watch what happens with nord stream 1. plenty more coming up, "bloomberg surveillance: early edition" is next. this is bloomberg. ♪ pst. girl. you can do better. at least with your big-name wireless carrier. with xfinity mobile you can get unlimited for $30 per month on the nation's most reliable 5g network. they can even save you hundreds a year on your wireless bill over t-mobile, at&t, and verizon. wow. i can do better! yes you can! i can do better, too! now you really can do better! switch to the fastest mobile service - xfinity mobile. now with the best price on two lines of unlimited. just $30 a line. this is xfinity rewards. our way of showing our appreciation. with rewards of all shapes and sizes. [ cheers ] are we actually going? yes!! and once in a lifetime moments. two tickets to nascar! yes! find rewards like these and so many more in the xfinity app. >> we need to diversify a way from russian fossil fuels to reliable sources. >> there is a

kailey: rachel morrison, thank you for joining us. coming up, more on how europe's energy crisis will impact investors and the economy. we will be speak wisdom tree, next. this is bloomberg. ♪ guy: europe's energy crisis, which we have been discussing, posing a major threat to the economy. or more on how investors should react to the implications, we bring in annika gupta, wisdom tree research director. let's talk about how much trouble europe is in from and i can -- economic point of view, how should investors be looking at this and how should we be reading the story we have been speaking about when it comes to the energy crisis, the economic slowdown likely to follow, how does that change the investment case? aneeka: to start off with recent gdp numbers, europe just missed a technical recession, so that has been the bright side of it. we are definitely heading towards a recession. the only bright spot for europe is a much stronger tourist season for this upcoming quarter. it will slightly offset the downside that we are going to see