barbara frei leads schneider electric�*s global industrial automation business.d everything this year, post cop26. so, what impact has that had on what governments are doing and what businesses are doing? doing and what businesses are doinu ? ., doing and what businesses are doinr? . ., ., doing? so, thanks for having me here. doing? so, thanks for having me here- look. _ doing? so, thanks for having me here. look, the _ doing? so, thanks for having me here. look, the promises- doing? so, thanks for having me here. look, the promises of- here. look, the promises of cop26 have not been thrown out. many countries and companies are accelerating the net zero transition and are working on plans to substantially reduce emissions by 2030 and this will lead to less dependency on fossil fields. lead to less dependency on fossilfields. so, the fossil fields. so, the short—term fossilfields. so, the short—term outlook might look gloomy as we have just outlined, but we simply must remember that we have all the tools and technologies available to make massive efficiency gains

for resiliency at the edge, trust schneider electric and it orchestration by cdw®.people who get it. >> we are in a period of extreme uncertainty. there can always be a new anticipated shock that pushes us up or down. the way that the ukrainian goes can have a big impact. >> that is why i think we need more of a gradual, do not shake expectations too much. >> there is a risk that the central banks race interest rate too fast. >> fiscal policy worldwide is on average much too expansionary, we could have no recession because we failed to succeed in bringing inflation down. heidi: nobel laureates speaking about their expectations for the economy. our next guest thinks that jiabao can keep their open at jackson hole. we have the ceo of pepper international. you are maintaining this balance strategy. you are managing expectations going into the key speech this week? >> i think that powell has been in a good position. he can sound reasonable enough to keep the goals happy as well. i am pointing to the data and saying he will follow the data, that gives him options. i thin

for resiliency at the edge, trust schneider electric and it orchestration by cdw®. who get it. guy: august is upon us. today, we see that rally continuing. it is already mixed market. the numbers we see today, the chinese data certainly adding some weight to the bottom of the market. almost a goldilocks number. the euro is up. the bond market, certainly catching a bit. might actually stick to the economic commitment. that would be good news. the italian 10 year is up. yields coming down very sharply at 2.8%. getting some news on nancy pelosi, you want to pay attention to that. bloomberg news now reporting that nancy pelosi will visit taiwan. we will discuss that next. this is bloomberg. guy: monday, august 1. european stocks are higher just. the countdown to the close starts right now. the countdown is on in europe. this is "bloomberg markets: european close" with guy johnson and alix steel. guy: 30 minutes until the close. markets in europe, equities bid but only just, banks are up. energy acting is a significant anchor.

for resiliency at the edge, trust schneider electric and it orchestration by cdw®.illions have made the switch from the big three and it orchestration by cdw®. to xfinity mobile. that means millions are saving hundreds a year on their wireless bill. and all of those millions are on the nation's most reliable 5g network and most recommended wireless carrier. that's a whole lot of happy campers out there. and it's never too late to join them. get $450 off any new purchase of an eligible samsung device with xfinity mobile. or add a line to your plan today at xfinitymobile.com guy: european stocks lower, the only two sectors in positive territory, energy and food. that feels familiar. the countdown to the close starts now. >> the countdown is on in europe. this is bloomberg markets: european close with guy johnson and alix steel. guy:

for resiliency at the edge, trust schneider electric and it orchestration by cdw®. who get it. emily: meta says they just shut down a russian troll farm. the facebook. company leasing quarterly reports they outlined the actions they took against fake accounts and hackers who tried to create an appearance for the support of the russian war in ukraine. global threat intelligence strategy lead meta joins us now. talked about this particular operation, how widespread and effective was it? >> in terms of being widespread it was trying to hit everywhere across the internet at the same time. it was a troll farm, an organization out of russia hiring people off the streets to run fake accounts kind of everywhere on the internet. fake accounts on youtube, telegram, youtube, twitter. we found them on instagram. they tried to make it look like there was large-scale support for the russian invasion of ukraine. that's the widespread effect. but all we saw was that they were not very good at that they did. a lot of the fake accounts were caught by the automated systems before we c

for resiliency at the edge, trust schneider electric and it orchestration by cdw®.lions have made the switch from the big three and it orchestration by cdw®. to xfinity mobile. that means millions are saving hundreds a year on their wireless bill. and all of those millions are on the nation's most reliable 5g network and most recommended wireless carrier. that's a whole lot of happy campers out there. and it's never too late to join them. get $450 off any new purchase of an eligible samsung device with xfinity mobile. or add a line to your plan today at xfinitymobile.com >> buy for new york city this morning, good money to you, lights on the data and we are counting you down to jackson hole wyoming and annual fed get together. chairman powell set to speak 10:00 a.m. eastern time next friday. good morning with tom keene and kailey leinz, i'm jonathan ferro. we're down s&p, nasdaq 100, 1 point one. equities south, yields having north, 296 fit -- euro-dollar 10 053 and commodities softer, crude lower, $89 a barrel. 1.65% down on the day. tom: currency market is moving.

electricity bills. and if this trend is not stopped by the state, then despair will grow into schneider's anger afraid ofbe saddled by the far right and in berlin as if they do not notice the dangers of sanctions against russia often the answer depends on the question, if you ask otherwise, are you ready to lower your standard of living for the sake of sanctions, the result is completely different only slightly more than a third of germans support pressure on russia a 54% against him in france, the gap is even larger 63% will replace those asked against the sanctions, the third even in the case. opponents of attempts to punish moscow unexpectedly turned out to be more than their supporters of their own shirt. closer to the energy saving body of the directive from brussels european solidarity is not in warsaw about it. it looks like they haven't heard energy security lies in the exclusive competence of the countries. we will never agree to its transfer to the european level; no one can force us to regulate gas consumption or introduce other restrictive measures that are supposedly voluntary it will not su