siemens were very forward thinking about this.was not hugely popular at the time, this breaking up the conglomerate thing. they really were pioneers at doing this, and it is definitely paying off them now. alix: over the past year, ge has outperformed siemens, for example. i wonder what the next catalyst is going to be, considering that the industrial watchers are really going to be looking at gen how that spinoff winds up taking place. william: it is true that siemens is not performing so well over the last 12 month. i thing what siemens really needs to do is profit ability. that was the defense it gave for having broken up its structure. now you see there's a lot of visibility there, and management can concentrate on boosting profit ability of those. siemens still likes some of its competitors on margins and share price, and the management team early once to sort that out. guy: we will leave it there. thank you very much for the analysis. greatly appreciated. the comparison, the side-by-side between siemens and ge. what i though

yes, siemens.irst of all, let me say we were built for this moment. siemens has been in the united states for 160 years, really focused on the infrastructure that has been the backbone of the economy here, everything from the work of industry to infrastructure of all kinds, buildings, transportation, et cetera when it was clear that we would see the electrification of vehicles we quickly turned our know-how in electrification to the problem and brought the capability to manufacture ev charging stations here to the u.s. recently we made the commitment to manufacture another million charging stations here over the next four years. so this is an exciting moment. >> oh, interesting so you guys are literally manufacturing the charging stations, which is an important piece of the ev rollout. obviously we all should be thinking about it. tell us how it would change from a leadership point of view are you hiring immediately with the funds? when do you expect the funds to hit your bottom line >> we actually

this is important for siemens, one of the industrial giants. if they can have better margins if they have pricing pressure, this is something we really want to see that investors really want to see as well. they expect momentum from healthy global economic growth from fiscal 2022. we will hear from the siemens ceo just after 6:30 u.k. time. manus: the debate is this, to what extent do we risk a real read rating of the interest-rate curve? let's go to the chart, it's the most magnificent repricing moment, not the biggest in the world but certainly the biggest since march 2020. bear in mind the point that the fear and loathing that seems transitory with the biggest inflation spike since 1990, before the big rate hike of next year. in 1990i was a beginning stockbroker, not very good. dani: i don't want to tell you how old i was at 19. i may or may not have been born yet. i think the remarkable thing about this data is that of the economists surveyed by bloomberg, not a single one expected the .9% in month over month increase in cpi. it's no wonder

we start with siemens camesa.s is basically renewable energy play, the siemens that we talk about day in, day out. but it's very clear that the supply chain had witness are set to go into let -- lapse into next year. this is one thing we keep an eye on looking at some of these siemens camesa stocks. but the guidance has been better than expected. the stock prices flying 6%. the other thing we're watching out for is richemont, seeing a little bit higher. you can see gain 3.8%. it's building a state, not only -- stake. maybe he's onto something, and finally doubling down after getting a recommendation, down 2.4%. let's get back to the markets in general, european stocks changed ahead of the big item to watch. joining is now for more is luke hick more, investor at aberdeen. i'm not 100% sure what the market is latching onto apart from the disappointment from the bank of england, which could reprice certain parts of the markets, certainly when it comes to fixed income. but what exactly is priced into today's equities?

mayflower the second has the benefit of three centuries of siemens experience was longer than the pilgrimsourse thanks to more reliable wind and favorable current. is technically the first landfall, real land fall was over the horizon but the ship was as good as import. by air and see the triumphant ship was escorted in by thousand 300 miles under sale. mann —- 5300 miles under sale. and in 54 days at sea compared to 66 originally the modern mayflower had a notable feet which help them to realize how much were was accomplished and endured by the pilgrim fathers. as it was in 1620, the harbor was the first port of call. there the original vessel laid off shore for congress —- throughout the mayflower compact with england democracy. that gleaming monument and leaves a second mayflower. the captain receives no patient at plymouth. so when the pilgrims first touch put then it will be docked permanently a living memorial to a great voyage. >> sunday, december 5 on "in depth" story and conservative commentator victor davis hanson joins us live to talk about war, politics and citizenship in the u

mayflower ii at the benefit of three centuries of siemens experience with the atlantic.therly route was longer than the pilgrims course but faster by far thanks to more reliable wins and favoring currents. the nantucket lightship was technically the first landfall. real land was to over the horizon but the ship was as good as in port. by air and see the triumphant little square rigger rigd into complete her voyage 5435 miles under sale. in 54 days at sea ice against 66 for the original cruise, the modern mayflower achieved a notable feat which help our age to realize how much more was encountered and adored by the pilgrim fathers. as it was in 1620, the harbor was the first port of call. the original vessel lay offshore while her cargo of migrants to the new world of the mayflower, flak -- compact. on the shore of plymouth were wilderness awaited the pilgrimage, now stand -- the captain has been received a heroes ovation at plymouth. ♪ ♪ ♪ close by plymouth rock where the pilgrims first set foot in the world, the mayflower ii will be docked permanently, living memorial t

siemens has been developing smart grids, and their u.s.eady putting them to work, let's bring in the president and ceo. barbara, this is a very serious situation. it's all very nice for an electrified future, but none of that works unless we have a stabilized and modernized grid, correct? >> well, that's right, liz. and this is exactly why we used our voices so much during the negotiations about the bipartisan infrastructure framework, to make sure that we current just thinking about the roads and bridges of the last century's infrastructure, but really put our minds to work and then made an investment in the infrastructure that really lays the foundation for the next century of american leadership, and that's electrified. liz: we've got cyber attack threats that are looming, okay? that's what's really worrisome. we saw what they did to the colonial pipeline, and then on top of it you have all of the crazy storms that we've had. february, it was a deadly ice storm for texas, and they lost electricity, and it was a horrific situation. what

we can see that today with siemens.lus the elevated valuation as opposed to the overall company in that industrial portfolio. it was notable and i think that will be the case here. you have kept 19 per -- 19.9% of health care going into aviation to help fund the development of the next generation rise engine. i think that's very encouraging. and i think, you know, as you spin this out, aviation will do well, but it's a long cycle business with long expensive development cycles. matt: when i started off as a cub reporter covering siemens 22 years ago in munich, at that point they were also going through a conglomerate to breakup structure and then got back to a conglomerate. is that just a cycle that you see with these big industrial companies? 4 conglomerate ideas started at itt in the late 60's. i think that the market endorsement peaked in the late 90's under welsh. i think that ever since, they have been in the process of being unwound. clearly, i think that this will, you know, probably make everybody think harder a

. >> to work with the sfmta to make the streets safer siemens friends and family were also at the vigil on wednesday. but too emotional to speak on camera advocacy organization. walk san francisco will hold a temporary memorial at city hall on sunday at 03:00pm to demand safer streets in san francisco. >> meanwhile, the school is working on a kid's activity fund in a stranger's name. >> in san francisco tiller the psac ii kron 4 news. >> in the east bay richmond police are searching for a driver connected to a fatal hit and run there. police say a woman was struck by a car around 2.30 wednesday morning near hilltop and moyers drive. the driver then fled the scene shortly after that, police say a second driver ran over the victim who was already line on the ground by the time officers arrived at victim was pronounced dead at the scene. oakland police chief leronne armstrong says safety is his top priority is gun violence continues to plague the streets. his department has investigated a 120 homicides this year. that's compared to a 101 last year. more than a 1000 guns have also been reco

oh them after that is in america and america had siemens. when, what's that is? is it i can a citizen can be done my a good, who were travis and as i, as an invincible asian is when m. n as a thorough it for summer, lynn. lymphatic had zealous. i'll allow me of mental fertility in the anna arrow smith and mackenzie, little boy, or are poor to miss edge. is eda when asked data when master have it will i guess eda ne at if and africa bell. you could the sooner rather be don't be ina, minnesota. hm. al jazeera success grew from a skilled and committed workforce. as a younger generation came on board, they benefited from a new training center set up in 2004 years later it transformed into a specialized media institute. when and at the her little yeah. that there's hours ahead of the we're go idea. i'm 0 ela had after literally i lamb a lot of you 2nd law that the dallas arrow yucca that it has an umbrella and was out of it up to that atlanta was solid in its 1st 25 years al jazeera has been criticized and it has been applauded, however, it has never been ignored. it

minister effort to finalize a new government line up after recent elections have been delayed by siemens treatment for a chronic illness, which hasn't been publicly named. that the head of sedans governing council says last month's military takeover was the best option to stop what was becoming a spiraling crisis. gentleman homage hummed undying ro told to 0 and an exclusive interview, but all parties were aware of the option of a military intervention, and the prime minister accepted the plan. police and soldiers from australia have arrived in holl yadda in the solomon islands to help local authorities restore peace protesters and set fire to buildings during demonstrations against growing chinese influence. authorities in the fang, charlotte of martinique have ordered a curfew falling days of unrest. protesters looted shops and set a barricades on thursday as demonstrations against covered 19 restrictions turned violence. a fire in a coal mine in russia's killed at least 50 people, including rescue workers, trying to get people out. 285 people were in the mine were coal dust and a vent

minister efforts to finalize a new government line up after recent elections has been delayed by siemens treatment for a chronic illness, which hasn't been publicly named. the deputy head of sedans governing councils told al jazeera, the last month's military takeover was the best option to stop what was a spiraling crisis. general mohammed hummed on. bigelow, says they disgusted with all parties, including the detained prime minister, who dental says was agreeable to it. and the home dog has been reinstated by the generals and a new power sharing deal. and thousands of cities have been back on the streets on thursday, honoring those killed in recent demonstrations and also renewing their demand for a full civilian government. security forces have cleared some of them with tear gas australian peacekeepers of arrived in the solomon islands to help the government of the pacific nation respond to protests and riots. the unrest has been sparked by economic problems fueled by the pandemic, as well as an unpopular decision by the prime minister to break diplomatic relations with taiwan and mov

after that is in america and america had siemens. when. what's that is? is it i can a citizen can be done. my a good. who were travis? and as i, as in bins will ed raising his when i answered through it for summer, lynn lymphatic had zealous. i'll allow me of mantle for kids in the and i aerosmith and mackenzie little boy. oh boy, to miss edge is eda. when i started when asked her to have it, i guess eda ne at if and i forgot bell. you could the sooner rather be don't be ina, minnesota. hm. al jazeera success grew from a skilled and committed workforce. as a younger generation came on board, they benefited from a new training center set up in 2004 years later, it transformed into a specialized media institute. when and at the heart of that little ear, that as ours, i heard of that weird go out there and just eat up. ella had asked that literally i lamb a lot of you 2nd law, that as alice admiral yucca that it has an umbrella and was out of it altogether, lana was solid in its 1st 25 years. al jazeera has been criticized, and it has been applauded. however

andrew siemens has moved from the summit in glasgow. there will still be some resistance from some of the delegates. and it has to be every single member of course, who actually, who actually agrees in this. that's just nitty 200 countries here. so it is, it is not, is not a written deal. it has to have. it's not given that it's going to happen. definitely. but this is looking very optimistic, portez being held in democratic republic of congo against the appointment of a new electro electro commission head. it's being led by the catholic and protestant churches who have concerns about the independence of the decision. last month, thousands turned out at protest, calling for a neutral election body. about half of the congolese population is catholic. a young syrian man's body has been found in poland, need bellows as border polish beliefs have not been able to determine the cause of death. thousands of refugees and migrants a stuck at the border, late is of the asia pacific region, have pledged to increased cooperation to help the recove

certainly the situation is getting worse all round and her thank you very much for that update andrew siemens life for us in wanted and in the netherlands. meanwhile, protests as in french overseas territory of guadalupe have vent cars instead of barricades in protest against of 19 measures. anger over restrictions imposed as 3rd longstanding grievances over poverty and inequality. in the region. vaccination rates remain low with less than half the population inoculated against that a corona virus. raising the menu, michael has said, a crisis is explosive, but as promised to contain a situation in south korea, covey 19 infections have reached a record high of more than 4000 cases. the number of critically ill patients is also at record levels. that's raising fears. hospitals could become overwhelmed, many of those affected are elderly leading to cause for booster shots. the rise comes weeks after social distancing bowls were used to keep singing in the case of the elderly, it's observed that the immune effective vaccination decreases rapidly over time. accordingly, after about 4 months of bre

the florida house is not the best thought to a season of any siemens history that on 21 points off the 11 games and ended on a hurricane street with a 5 victory. and all 3 things is $6000000.00 breeders cup has been won by horse called nicks guy. it was written by jockey. jo visorio in the show piece, raised in del mar, california. next guy can talk to debbie when medina spirit gave trying to brad cox's 1st breed of cop with that is all your thought. i have more for you later doing. thank you so much jim or we'll see you later on and thanks for watching. the news are on al jazeera, more news coming up. right after the break, bye bye for know. ah, ah, a 25 years ago, a new era in television years in the middle east begin to part documentary series must be the 25th anniversary of al jazeera, telling the story of the channel launch. ah, now it became a recognized global brand. ah, this story of al jazeera, a unique puff question, the narrative. you don't have ways to shake weight or decent formation east squeal or not you don't comp anyway to verify, identify who is telling the story that

also, this document paved the way for all of us till been tane and preserved that siemens we had over the past 2 years, whether in peace economy. this is a very important point to bear in mind. 3rd, and this agreement on a monthly well for to fly our efforts towards a several democratic transformation. half of the system was the model for up chuckling zealand and he has it and guess the minute easier the limit was still less than i thought about the mental health of the month and it has a lot on coming years of we should know that there are many honest men leaving within our neighborhoods and within the reason i enter national community, we thank old boys who lent a helping hand and we are prepared to work together to march forward. thank you. once again, and may god be some blessings be upon you all. and luckily we give the load up to 2 general labs and for her you said direct man, the chairman of the sovereignty cancel and the chief commander of the armed forces than him on la them on mighty the most fun i salute to my country, men and each and every corner of the country, you deser

with potentially, well keep us updated as to how that progresses later on today and tomorrow and siemens life rest at glasgow. thank you. one of the countries which has been refusing to commit to stronger short term targets is astronomy at the federal government. there does not support the phasing out of comb. critics have called estrella at climate pariah neglecting its pacific island neighbors like ban iwatsu who have a lot to lose. the island group is one of the most at risk countries in the world with rising sea levels already encroaching on its land mass. its representatives are calling for more investment from wealthy nations to protect vulnerable islands . sarah clark has more from brisbin, was really was very slow to commit to the 1st round of targets where they took met the 0 net emissions by 2050 a little on the short term targets by 2030. so by the end of the decade, tries been pushing back on that. and the suggestion was to astronomy, has been leading the charge this week in glasgow to try and walk down that agreement, which looks at the shorter, tougher targets in the short

more with andrew siemens now and android. this fishing controversy seems to be one that doesn't go away and in fact keeps getting worse. it certainly does a long protracted dispute between brickman france over this post breaks it arrangement on fishing, which the u. k. feels is there right now, and they've been making it clearly clear to everyone that they will make the final decision on who fishes in its waters and the french are saying that. so they don't have enough in the way of licenses. we're seeing a round of protest, possibly what was planned to be the biggest yet by fishing protested however, the stormy weather is having its effect, leaving some large ships a port. and so the blockade may not be effective in some places. in some my low in brittany were hearing that one boats was in fact affected by it was stuck in port for up to an hour. but that's a process. now we'll move on to the channel tunnel. well, later on, there is a plan to try to stop all freight trade going through the channel tunnel that will cause major

all right, let's bring in our correspondent andrew siemens live for us in glasgow. hallo they, andrew. we detailed some of those elements of the draft proposal. what more can you tell us about what was included? well the key area is this fossil seals reference because it's not been mentioned in a un document or a cop before. this is a, an issue. believe it or not, it may be surprising to hear, but it hasn't been tackled head on, on those massive resistance to it. so how far it's got this way, how it's gone so far is, is quite interesting. we're not sure right now, will it go all away? is the really, really big question? it does appear that each time round on each draft has been a weakening of the wording. the latest weakening is this is how a text goes or cause the phase out of coal and fossil fuel subsidy, a remains and this is the exact wording. now, i'm with accelerating efforts to walls inserted before cold phase out, rather than a straight call for a phase out. now this may, as i say, be the price of keeping it in because it does, it does weaken. the words also added to that sect

one of her big philanthropies with the bunker hill's monument for which he was remembered as the siemensch started in boston and grew around the country. this was to help the wives of the seamen who ran off in many cases never came back because the ships sailed. she started a vocational school for the women, she deplored charity she wanted women to have the dignity to be able to work for a living. and take care .of their families. she would write about how sometimes see men would come home and they would take the money that their wives had earned and use it to buy drinks, under the system of the day, maybe you heard of a system called culture which was a common-law legal practice women who marry was forced to give oliver property rights to her husband the husband had the right to take everything, everything she inherited and decide what to do with it. she wrote many many editorials trying to get that listed and i think her work had some influence. but some of the stories she tells about women whose finances were ruined by their husbands were because the husbands drank. >> okay, if there'

laura: siemens says it expects profit margins to increase across its three main divisions next year ashe industrial giant reaps the benefit of a multiyear streaming program. the group reported net income of 6.7 billion euros for the full year, beating estimates for 5.7 billion euros. but the company warned on pressures from component shortages and higher raw materials prices in the coming months. the eu is set to prolong a temporary waiver across its banks and money managers to continue to conduct trades in the u.k. officials have decided the waiver was just too short. they will give details of the extension early next year. general electric is offering to buy back up to $23 billion of bonds in one of the largest corporate debt buybacks ever. it is targeting a series of bonds. the company is on track to cut $75 billion of debt, boosting cash flow and profit margins as part of a massive restructure program. that is the bloomberg business flash. tom: thank you very much indeed. joining us now is ben from our markets live team. talk to us about the treasury selloff we saw yesterday. do yo

her big philanthropies along with the bunker hill monument, for which she was remembered, is the siemens aid society which started in boston and then grew around the world, around the country, i mean. this was to help the wives of seamen who went off to see and in many cases never came back because their ships failed, sank. she started a vocational school for the women. she deplored charity. she wanted women to have the dignity of being able to work for a living and take care of their families. again, i think harken back to her personal story. and she would write about how sometimes seamen would come home and they would take the money that their wives had earned and use it to buy, drink, and under the system of the day, maybe you've heard of the system called coverture, which was a legal, a common-law legal practice whereby a woman who married was forced to give all of her property rights to her husband and the husband had the right to take everything she earned, everything she inherited, and decide what to do with it. she wrote many, many editorials trying to get that lifted, and i thin

. >>> shares of siemens has skyrocketed to the top after saying they expect to turn to wind in 2022 themproved performance has also boosted shares. in the chemical sector, covestro has raised outlooks. the german material group said it expects full year ebita to be up a fairly muted reaction so perhaps a lot of that baked into the price. h henkel has cut its outlook they expect organic sales growth of around 6 to 8% for 2021 third quarter sales climbed to 5 billion euros, shares getting hit hard this morning down nearly 5%. >> esg linked investing can be a great way to combat climate change that's according to the founder of asset manage ambienta but says it bears some resemblance to the it bubble of the 1990s. >> are we going to be fast enough in the transition to avoid the disaster and the second is how much of this private capital is employed into green investing and how much in things that are not really environmental i guess it's new, it's starting if you remember the digital boom in the 1990, 2000, 2001, that didn't mean the digitalization has not changed the economy. i think it's

alix: that was siemens' ceo speaking to bloomberg after earnings.ning us is katrina dudley, friendly mutual advisors investment strategist and portfolio manager. everyone feels like inflation will slow, but where will it slow to, and how do you play that? katrina: most investors have grown up in an industry where inflation hasn't even touched 2% over the course of their career, and they are not used to it. even if inflation settles in the 2.5%, 3% range, it is much higher than what everyone is expecting. in terms of the timing of that, there are so many components going into that inflation number. rent is the big thing we are focusing on at the moment because we are resetting those rent rolls. while higher home prices don't initially go into the rent number, over time you start to see inflation there. we are seeing it and various other things, talking about wage inflation, transportation inflation. there are so many inflationary impacts. the good news about it is you get this one time bump, and that is what we need to separate. guy: did yesterday's

work with siemens, the vendor that owns the software to put out a fix for it and alert the public.loited but they're trying to say update your software in the event there would be. so that's the positive story. the fda has done a lot of work on this in terms of -- in some cases recalling devices that may be vulnerable. this hasn't gone that far but we got a statement from the fda saying they really want vendors, companies that are running the software to make sure that they have a process in place to check if they're vulnerable. >> and that's part of this report. the idea that they want this awareness. they've decided this awareness is more important than the fear of people finding out about it because we're reporting on it? >> exactly. the more you know in this case, the more secure you are. >> thanks, sean. let's talk with dr. sanjay gupta. what's your reaction to the story sean just brought us, the troubling vulnerability of thousands of critical medical devices. >> yeah, this has sort of been on the radar for some time looking at things like ransomware attacks and health, medic

thank siemens, human vacuum infrastructure, investor, investor, in fact, see if it is fall off with that. that's for got that spot. market bought market. it bought markets in the united, the united states. it's where little where, where lately forgot, forgot forget prices are prices the prices herman's instrument determined by voluntary early reported trades to private, private carriers, private area, private area, private data, publisher plans. and these a company company company and tracy refers all into therapy for $0.44 a minute, and then the word winter finished or. busy winter fender where we spend, you saw price, ben, this is go bending over not been me from then read all or from then read all or then read all or bending per 1000000 cubic feet deep to a $1000.00. and more people are more people found a number of number of parents or a fax number, fax, number of order number order number of only who only found true. only i only only only found that determined that $1000.00 bill. all right, that's not a not a competitive market. that's a form for market manipulation for later and up

. >> to work with the sfmta to make the streets safer siemens friends and family were also at the vigil on wednesday. but too emotional to speak on camera. >> on sunday at 03:00pm walk sf says it will create a temporary memorial at city hall to demand change to make san francisco streets safer. they're also doing it in observance of world day of remembrance for road traffic victims. meanwhile, cheryl sherman elementary school says that it's also working on a kid's activity fund at the school in mister and his name. we now live in san francisco. taylor bisacky kron 4 news. >> the school board meeting on possible school closures in the east bay. the hayward unified school district board of education is set to vote on the closures this evening. and there's pushback from the district staff educators parents and even students. >> our kron four's gayle on the she's live in with details gayle. >> grant and vicki that meeting happening as we speak via zoom right now it's in public comment. but earlier you can see it's quiet outside a district office because that group was here earlier letting t

>> i think long run there still will be a force because nary backed by aes and siemens.ve strong backers and strong demand, and most customers say they have the best product on the market. >> your bull case is $62 a share. what would be the key catalyst to anticipate here >> i think if they got to profitability faster than expected we would go from a revenue gross story to a profitable growth story faster around it would drive valuation higher >> you are a great tv guest. very to the point. allowed me to get so many questions in hope to have you back. thank you for joining me james west joining me from evercore isi >>> still ahead, the restaurant industry struggles to find workers aren't gettingbetter, leaving establishments scrambling to serve customers. we will talk next to the ceo of a company helping to get automation tech into struggling businesses for free. ♪ >>> welcome back according to the national restaurant association, the industry is still almost a million workers shy of pre-pandemic levels and about 80% of restaurant operators say they're understaffed it fo

the biggest infrastructure bills in history today we'll speak with the ceos of blink charging and siemen'sow morning. >>> we are joined by a five-star tech manager

. >> siemens your thinking it is a recourse loan it is an important point you are familiar with the advisorynion last year that the services can you describe the stance on this. >> if they issue the advisory opinion they are building on the principles laid out to be set aside by director cordray. if you read the commentary if a layout the framework they also make it clear again to take a totality of this circumstances so i cannot put myself in their shoes i would assume they recognize we are in the marketplace with lots of innovation and i had recourse and i was treated fairly. so of these low-wage industries is there a conflict? it seems like it is an employer decision as to which platform they choose to deal with and in the payments are various. i'm just curious is there a danger where the employee is not part off this conversation regarding the terms on which the early wage access might be gained? is there between the employer and the company that will conductors? any views on that? >> i am concerned about companies having a hard time competing. i know that there are some that offer the's

. >> to work with the sfmta to make the streets safer siemens friends and family were also at the vigil on wednesday. but too emotional to speak on camera advocacy organization. walk san francisco will hold a temporary memorial at city hall on sunday at 03:00pm to demand safer streets in san francisco. >> meanwhile, the school is working on a kid's activity fund in name. >> in san francisco tiller the psac ii kron 4 news. >> 12 is the time. still ahead on the kron 00:00am morning news, a bay area man is finally released from the hospital after 9 months battling covid will have his story in a moment. also after the break. barry airports are gearing up for what's expected to be a much busier holiday travel season this year. we'll take a look at the numbers and take a look at the numbers and some tips on. hopefully he can ♪ ♪ ♪ take a look at the numbers and some tips on. hopefully he can ♪ ♪ ♪ with chase security features, guidance and convenience, banking feels good. chase. make more of what's yours. why hide your skin if dupixent has your moderate to severe eczema or atopic dermatitis u