anchor: members of the u.s. house of representatives have gathered on the steps of that capitol building to remember the january 6 attack that happened two years ago, and feature but to the officers that kept them safe and remember the five who died. israel has announced sanctions against palestinian authorities, pushing the highest um body to give its opinion on the israeli occupation. a decision was taken at the for security meaning for the new government.artillery fire has been heard in ukraine despite the start of a cease-fire called by the russian president. ukraine objected the offer and both sides are accusing each other of continuing shelling. the truth was supposed to coincide with christmas. rebels have handed back a military base and condo to government forces. this is to fulfill a pledge in recent months, but the rebels have been gaining ground of sarin. california is preparing for more severe weather. storms have been hitting the u.s. state this week, causing major flooding and cutting power to tens

the u.s. resume after thousands were grounded for hours due to a technical problem. rels in ethiopia became heading over heavy weapons to end two years of conflict. ♪ >> welcome. russian forces led by mercenaries said their units are in control of the eastern ukrainian town of solon down. heaved denies the town has fallen. the fighting there led to some of the bloodiest battles of the war so far. tosha butler has the latest. -- natosha butler has the latest. >> the battle is relentless. the once thriving salt mining town in eastern ukraine is now a wasteland. after months of fighting between ukrainian and russian forces, supported by mercenaries from the russian group. a photo of himself in the streets saying they have taken control. >> units have taken control of the entire territory. a cauldron has been formed in the center of the city. >> a spokesperson for russia's defense ministry did not comment on the claims, but said the russian units have surrounded the town, securing it would help rus

laura: the u.s. med that it is joining germany and sending tanks to help ukraine repelling russian forces in the east. washington's decision follows a broader trend of allies giving key of increasingly powerful weapons. the first batch of tanks from germany could arrive within three months. meta says it is reinstating former president donald trump's facebook and instagram accounts following a two year suspension. trump was banned after the company deemed that some of his posts had encouraged supporters to invade the u.s. capital in january 2021. meta now says they don't want to get in the way of open debate and that trump will face tougher penalties for any offenses. according to a survey of accountants, u.k. business confidence confidence is at its lowest level since the global financial crisis amid recession fears and persistently high inflation. companies in the retail, property, and manufacturing sectors were particularly downbeat. separate data showed carmakers in the u.k. had their worst year si

or the u.s. comes out with a new law or new regulation, it's been very hard for us to change it or really to adapt to the concerns of the united states or the european union. and i'm curious, the training technology council that has been set up between the u.s. and e.u. has been really highlighted by this administration as an example of trans-atlantic cooperation. it was mentioned in the national security strategy. how do you see the role of the t.t.c. in sort of trying to iron out the differences that emerged in our perspective approaches? all the while, it seems as if we're actually quite aligned and on the big picture, on the need for protecting supply chains, on the need to be concerned about climate and china. so i'm curious, how do you see the role of the. it t.c. here playing as trying -- t.t.c. here playing trying to improve trans-atlantic relations? mr. breton: i mean, first, it's good we have a rendezvous when we sit together and we speak. we can talk frankly because we are the strongest

ultimately, the u.s. would never be stupid enough to voluntarily default when it is just an arbitrary debt ceiling limit. that lesson might be a mistake, they will push it to the line, and this will cause havoc in yields later this year. why do we care about the debt? this is estimated debt payments, just the coupon payments to service u.s. government debt over the last 20 years, it has gone parabolic over the last year with the rise in yields, it is a rise that package on the massive increase in debt because of pandemic stimulus. we now have estimated coupon payments for 2023 of $743 billion, that has been rising on a parabolic line as of the end of december. that is more than 3% of u.s. annual gdp, that is now going to coupon payments just to service outstanding debt, pretty impressive number, that is a bad sign that the u.s. economy and will weigh on that u.s. treasuries and probably the dollar as well. tom: 3% of gdp, that is part of that argument from republicans on the need to constrain the debt leve

going further, because the u.s. ended to raise further the interest rate, we are going to see a huge burden on these people around the globe. >> it is generally assumed that debt is not a good thing. but, how much debt is too much? >> that is an economic concept, but a political one too. we created structural deficits from a serious -- a series of policies for the u.s. economy has actually been fairly -- government spending has been roughly about the same percentage of u.s. gdp for multiple generations at this point. policy decisions like cut taxes in particular have caused a lot of structural deficits. but you have spending event priorities by both parties that has created this current state of affairs. economists certainly had different levels of debt they find concerning and everyone would consider the united states debt right now to be in that category. >> 50 percentage of -- if the percentage of debt to gdp hasn't changed, why does the u.s. bother having a debt ceiling? >> the levels of spending and taxation hav

when the u.s. s trying to say, you are with us or against us in the cold war, at least truman did -- at least truman was the president to preside over the creation of -- which was the closest -- he was setting up a system of international alliances, including nato, that would mean that the u.s. was not standing on its own in this you are with us or against us dialogue. this was at a time when the u.s. shared a global gdp that was more like 50%, 40%. in 1950, 1960. the u.s. was super strong, and yet it was super condescending of the need to have strong alliances. the question today is, if the u.s. wants to get strong alliances to back it up in this embargo, and it needs the taiwanese, the jump touch, and so forth to be onside, doesn't have to offer something in terms of trade access? or other economic cooperation. you can say to the, dave, give up on the chinese market where we're giving you zero extra chinese american products. in a way, india in its historic bumping up against the u.s., in terms of

the u.s. treasury department is cracking down on a russian mercenary group that vladimir putin is increasingly relying on to fight in ukraine. cnn's katie bow ellis has more on that. >> reporter: the white house announced friday that the u.s. will designate the russian mercenary organization the wagner group as a transnational criminal organization and will inpose additional sanctions next week against the group and its support network across the world. the administration also released newly declassified images of russian railcars traveling from russia to north korea and back in november in what the u.s. believes was the initial delivery of infantry rockets and missiles for use by the mercenary orpration. wagner has been fighting a punishing battle against the ukrainians in an effort to take the town of bakhmut. now, this matters because the war in ukraine and the fight in bakhmut in particular has increasingly become a grinding war of attrition that military and intelligence analysts say is li

lizzy: the u.s. the inflation reduction act and brussels has said it will pour unprecedented levels of investment into clean tech. they are saying to britain, pull your socks up, we need a green strategy as well. at davos last week, chancellors of said britain cannot sit on the sidelines and a on what others are doing good this is the cbi saying we need deregulation and state funding. it isn't just the cbi saying this. you have the former conservative energy minister in a report earlier this month saying zero is the growth opportunity of the 21st century but the current and are shy means britain risks losing jobs to elsewhere and investments if it doesn't step up. you've also got cbi research out today showing in the past two years, britain has already lost market share in every production and hydrogen. it will be the equivalent of 4.3 billion pounds by 2030. this is really an arms race for green tech. dani: thank you, that is lizzy burden, staying warm. that is a good economic indicator, does lizzy b

sources say the u.s. and germany are set to send tanks to ukraine in a move set to prevent a fracture to allied unity. and activist investor hindenburg research accuses adani group companies of accounting fraud. the indian conglomerate says it will respond shortly to the allegations. let's take a look at the futures and when it comes to such a big week for tech earnings, the concerns have always been that the cuts in jobs were flagging slowing demand, and indeed that was what we heard from executives at microsoft in terms of its cloud division business, azure, and what they expect to see softening demand for that crucial part of the business. that has led to broader risk off sentiment across markets. ftse 100 bound. interesting in terms of the pricing of bank rate hikes. bloomberg economics now see 50 basis points followed by 25 basis points from the bank of england. the task for officials of the ecb, that rhetoric around how fast and high to go on rate is. over in france, the cap is up 0.1%. interesting t

though the u.s. military says that spacex engineers were able to defend against to the attack by rewriting several lines of computer code >> i think a lot of us expected at the start of the ukraine conflict like that that everything would go lights out. with the ukrainians they would be locked out from the rest of the world, but when starlinks it they can continue to have access to the internet no matter what is happening to them. i think that is causing russians a little bit of discomfort. >> while russia china and europe all have their own gps satellite networks, most of the world, including ukraine in the global economy, still depend on the u.s. gps network provided by the u.s. military. >> major lauren taylor directs the operations here. how accurate is the u.s. system? >> within a foot and a half guaranteed. >> a foot and a half? >> yes sir. >> from suburban drivers to international shipping, to farming, to banking, to disaster response to u.s. and allied military services on the ground. >> each

the u.s. house speaker kevin mccarthy and president biden have agreed to meet on wednesday to discuss raising the u.s. debt ceiling. an agreement could produce government spending and avoid a -- reduce government spending and avoid a sovereign default. mccarthy said while reductions in social security and medicare should be off the table, all discretionary spending including the defense budget should be reviewed for waste. israel is vowing a vigorous and targeted response to palestinian attacks. the prime minister is warning the latest sign tensions are out -- are unlikely to ease soon. on friday a palestinian man shot and killed seven civilians and that followed a deadly israeli raid in a west bank city. january has been one of the bloodiest months in years in israel and the occupied west bank. to china where they have reported a sharp drop in new covid-related deaths from the lunar new year holiday despite a spike in travel that increased the likelihood of more infections. more than 6300 rela

today as part of the u.s. ernment's action against the virtual currency exchange bitzlato, treasury financial crimes enforcement network has taken steps to expose and distract cyber criminals and their enables. it is officially identifying bitzlato as a primary money laundering concern in connection with russia's illicit finance. bitzlato repeatedly facilitated transactions for russian ransomware groups, including one ransomware group that has links to the russian government and russian darknet markets. two thirds of bitzlato's top counterparties were scams and bitzlato received virtual currency worth half $1 billion from illicit activity the majority of instances in 2021 were cyber actors. who was part of a brutal and unjustified war in ukraine. we will not tolerate criminal enterprises. russia and his troops. because bitzlato connections to russia, -- align financial sector and business and institutions worldwide. identifying bits lotto's -- bitzlato's international concerns renders it a pariah. while adminis

the u.s. bassador, so he knows that relationship well. he has been the person who has expressed some of the mildest opinions, communications from the chinese side. we expecting secretary blinken to visit beijing this year. so having that conversation over the weekend, setting up that channel of communication i think is a good sign, though at the same time, you have so many problems -- taiwan, covid, trade. there will be a lot to work through. yvonne: jonah new, thank you. our greater china senior executive editor joining us from beijing, john liu. ticking along at markets set up for 2023, seems like we are doing with the same headwinds. although hopes for. a turnaround are there when it comes to the fed. we are starting off 2023 on a negative note. nikkei futures are slightly lower. you saw the korean session yesterday, one of the few markets that were open, a lot of concern about south korea. . they are the latest to impose testing requirements for china travelers. there is a risk aversion bei

>> the u.s. economy, remarkably resilient. cision-making in u.s., because of the way the political set is at the moment, it is more difficult, but nonetheless, the u.s. has taken some very important steps that are helping the u.s. economy. but i do hope the u.s. is not going to slip into recession despite all these risks. we expect one-third of the world economy to be in recession. yes, as you said, even countries that are not in recession, it would feel like recession for countries of millions of people, but if that resilience of the labor market in the u.s. holds, the u.s. would help the world to get through a very different year. >> madam managing director, thank you for your time this morning. >> thank you. >>> our fill interview with kristalina georgieva is available on our website and our youtube channel. we'll be back in one minute. stay with us. scover the ozempic® tri-zone. inin my ozempipic® tri-z-zo, i lowered mymy a1c, cv r ris, and lostst some weigight. in studidies, the majorityty of peoplele reachehed an a1c u un

the u.s. could continue waging the cold war and other parts of the world. this whole idea of peace with honor, what nixon is really doing is recycling france's approach to ending its war in algeria. the goal at that time, to talk about -- this is honor. just like the goal in algeria, nixon took four years to extricate the united states from vietnam. we always talk about the french and vietnam, sending the americans following. the war also ends in a way consistent with the french approach in algeria. host: let's take a look at president nixon's detailing the terms of the agreement. [video clip] >> throughout the years of negotiations, we have insistent on -- insisted on peace with honor. my address to this nation on january 25, i say the goal to be considered essential for peace with honor. in the settlement that has now been agreed to, all the conditions that i laid down then have been met. a cease-fire internationally supervised will begin at 7:00 p.m. this saturday, january 27 washington time

the u.s. reaches a 31.4 trillion borrowing limit. ♪ down by the river ♪ >>> singer, songwriter, guitarist david crosby was an american music icon. david crosby was 81 years old. >>> live from london, this is "cnn newsroom" with max foster and bianca nobilo. >> it is friday, january 20th. 9 a.m. here in london. 10 a.m. in ramstein, the airbase in germany where western allies are gathering at this hour to talk about ukraine's military needs and how they can help. lloyd austin is hosting the conference of more than 50 countries. the u.s. has already announced another $2.5 billion in aid including striker combat vehicles, more bradley fighting vehicles and avenger air defense systems but ukraine's president says tanks are the top priority. >> translator: but one of the most important elements is tanks, modern western tanks, which we are negotiating with our partners to supply and i think everyone who has already made the appropriate decisions. >> the conference comes as cnn has learned about a secr

the u.s. ch industry. and concern is growing that the u.s. federal reserve's sharp interest rate hikes could dampen economic activities. >>> u.s. president joe biden says he is considering giving ukraine some of his military's infantry fighting vehicles. >> what about bradley fighting vehicles for ukraine? is that on the table? >> yes. >> the m2 bradley has been used by the u.s. army since the 1980s. it's equipped with an auto cannon, giving it offensive capabilities while bringing troops to the battlefield. speaking to abc news, ukraine's military intelligence chief says the bradley could soon play a role in repelling russia. >> it's a main vehicle for any infantry unit. that's why we need it. >> ukrainian president volodymyr zelenskyy also says he is receiving armored fighting vehicles from france. speaking owednesday, he said the deliveries sent a strong more international support.r >>> a senior white house official says the u.s. will conduct more defense exercises with japan and south korea

but, when the u.s. nks arrive and when the german tanks arrive, at what point does this have the potential to become an open and direct armed conflict between the west and moscow? >> everyone is very cautious. i sit here in brussels and clearly it is not nato getting involved in this. european states are getting involved by sending support to ukraine. it is not a nato-led initiative. let's make that clear. we see central eastern member states completely supportive of ukraine, sending whatever they can. estonia sent howard sirs, just to try to shame germany into sending, or agreeing to send leopards. it depends where you sit in europe, how you see this. we should also look at it in a positive. you can look at the classes have empty or half full, but the fact that germany finally did come to this decision is a very important sign of continued support for ukraine. but, they need even more. 14 leopards is not going to do the trick. the russian word for -- [indiscernible] how difficult it is to fight in the m

we feel that the curve inverted both in the u.s. and europe and the long end has rallied too much to the extent the economy is in good shape and the curve is indicated that we would think this is a reflattening of the curve. so we caution to be invested in duration >> i appreciate the conversation it will be an interesting market to look at the bond market is one to focus on as well we hope to get you in on that conversation the head of public marks at muzinich & co. >>> it has been a host of corporate news s.a.p. with the 30% rise of the cloud business in the fourth quarter. the software giant said profit grew 30% it will cut by 3,000 jobs in the com company. the ceo defended the company's move to cut jobs >> we are not talking about broad based restructuring. we are guiding in 2023 to double digit profit growth as we always committed. there will be only a moderate one from the restructuring program. we will have 2024 and going forward with a more pronounced impact of 300 to 350 million euro what this is about is a targeted effort t

the u.s. designating wagner as a criminal organization. >> it will open up additional avenues for us to continue to not only sanction wagner and put more squeeze on their ability to do business around the world, but will assist others in doing the same. >> reporter: the white house released new imagery, showing russian rail cars heading into north korea, being filled up and sent back with rockets and missiles, destined for use by wagner. of the 50,000 wagner mercenaries in ukraine, the white house said, 80% of them are convicts recruited from russian prisons, deepening the fight as ukraine calls for more help. >> tonight, a desperate plea from volodymyr zelenskyy. t >> based on the progress we made today, i'm confident that ukraine's partners from around the globe are determined to meet this moment. >> reporter: defense secretary lloyd austin hosting the meeting on the heels of the u.s. announcing a $2.5 billion aid package. but no progress in breaking a critical log jam, convincing germany to

amna: on a trip to the middle east, the u.s. tate urges israelis and palestinians to restore calm amid a spike in violence. geoff: and what's causing the price of eggs to skyrocket nationwide? >> before when we would mess up an egg or an egg would break, it was no big deal. we have another one. now it's like, oh, it's like we're mourning that egg.

as the u.s. and its allies navigate the strategic competition with china it is imperative that we understand both the drivers of the foreign military activities and the implications for the international security. china's military relationship with russia deserves particular scrutiny and the fallout from russian president vladimir putin's work against ukraine. finally, as beijing continues to promote the still vague ideas of a global security initiative led by china a thorough examination of the military diplomacy will provide valuable insight into what the world should expect in years to come. we look forward to exploring the topics in detail in the hearing today and discussing actionable policy recommendations in the u.s. congress. i will now turn the floor over to my colleague and cochair for the hearing, commissioner randy shriver. >> thank you. i join commissioner chair bartholomew by welcoming the witnesses and to those watching online. the chinese party of the people's liberation army will

but the u.s. military says, spacex engineers were able to defend against the attack, by rewriting several lines of computer code. >> a lot of us expected the ukraine conflict. everything would go lights on, and is in the rest of the world. they can continue to have access with him to rest really. and with it. >> russia, china, and europe, will all have their own gps satellite networks. including ukraine, and the global economy, still, it depends on the u.s. gps network, provided by the u.s. military. lauren taylor, directing the operations here. >> how accurate is the euro system? >> within a foot and a half, guaranteed. >> a foot and a half? >> from suburban drivers, to international shipping, to farming, to banking, to disaster response, to the u.s. unelected military forces on the ground. >> each satellite, actually, broadcasts multiple signals. so, civilians get their signal, military gets there is. >> interestingly, the russians, and chinese, can use our gps satellites as well. >> i bet you th

the difference between the two is the u.s., the overall u.s. onomy domestic demand is in a stronger position. the energy picture in europe is stronger as well compare to europe, so europe has benefited a lot from the growth side cut mild winter, and moderation in the energy picture, but that could change in the next 12 months. guy: you have talked about your love of cash. does it continue? bilal: fight had to pick one asset class, continues to be cash over other asset classes. if you look from the mid-1960's until the early 1980's or mid-1980's, cash outperformed equities and bonds, so when you go through inflation and so on, cash tends to do well. with yields down, that is attractive levels, so my bias would be for cash. there are trades you can do like long china stocks. if i had to have a core asset, it would still be cash alix: it is like a tour around the world. what was your take on what happened in brazil over the weekend? i am wondering how you think about that and hedge something along those lines. bilal: number one, it shows transition

when the u.s. -- there is a mutual defense treaty with the u.s.. the u.s. eady set, in case of -- said, in the case of tension in the south china sea where the philippines is harmed they will come to the aid of the philippines. that has been made clear during president biden's time and during president trump's time. the philippines want to avoid any conflict in the west philippine seat that is part of the south china sea. that is why the philippine navy continues to resupply the ship, despite its status. china does not want to philippines to stand -- send construction material. that is one of the red lines. the philippines is only able to supply food and water, but not construction material. again, i do not know how long this will last and what new arrangement can marcos come up in his talks with china. laura: there are a number of flashpoints. i wonder how they will play out given the new relationship marcos and xi are hoping to build. ei: the marcos family is long-running. very cordial relationship with china. i recall seeing videos of them singing various

authorities in the u.s. ty of memphis have released video think -- showing the arrest of a black man who died after a traffic stop. five police officers have been charged with murder and kidnapping following the death of tyre nichols. protesters are calling for justice and an end to police violence. and tyree's nichols families want the police chief to expand a unit that focuses on street crime. >> two people are dead and others are missing after torrential rain caused extreme flooding in new zealand's city. evacuations are continuing as people escape flood waters and the suburbs are worst hit, it received most of the years rain. >> people havepoken, but what exactly did they say, is there a whole new order with a -- less american -- less america in it. how much do soci media companies know about you and how easy is it to manipulate. >> of the bottom line. >> antony blinken heads to the middle east after israeli forces kill yet more palestinians. what is washington's role in the worsening conflict, and what c

now, of course, jim, the u.s. has typically looked towards mexico to help try to manage the flow of irregular migration to the u.s. southern border and it is no exception under this administration, in fact, administration officials that i've been speaking to over the last several weeks have underscored the coordination with mexico in trying to enforce the border and have said that they hope that the meeting between president biden and mexican president obrador will reinvigorate those discussions. it's important because a lot of what happens on the u.s./mexico border does require in terms of policy some sort of buy-in from mexico. just last week, for example, president biden announced a new initiative which was opening up a pa real program for migrants from cuba, nicaragua, haiti and venezuela for them to come to the u.s. through a legal pathway, but the consequence was that they would be pushed back to mexico if they did not under that covid era restriction known as title 42. that requires some agreement with mexic

guy: if the u.s. onomy is tolerating it, john was referencing it in the last hour, the fact that the u.s. economy is doing fine right now, is that a good backdrop for equities? theoretically i would think it would be, high rates but an economy doing ok. what asset class performs best in that environment? anastasia: there are a number of opportunities. equities can perform in an environment where rates are 5%, as long as the economy has a soft landing. the biggest challenge has been the valuations needed to reset, needed to price in this recession that everyone was fearful of. valuations have reset a lot. if you look to last year, in the 90th percentile or more. today, they are middle-of-the-road. you have pockets that have reset a lot like software, semiconductors. i like the fact that that has already reset. know the valued expansion is not what will drive us forward, but it growth stabilizes, manages to run 1.5 percent gdp, that will translate to revenue and earnings growth. the other reason that equ

meanwhile, the u.s. even countries, with japan in the lead this year in the g7 voted to create the conditions by which partners will align. that is by default exclusionary to china. china has a lot stacking up against it. of course, it can ramp up the production of legacy chips, and a number of western and asian firms are dependent on china for those chips. but as it tries to move up the value chain, it gets really hard to acquire technology through mergers and acquisitions in this restrictive environment. very hard to do when you have investment screening going though it is. it can also try to move up the value chain when it comes to auto industrial, mobile chipsets. but it is competing with the likes of ti, finian, microchip. this is where quality comes into play. reliability comes into play. can chinese players really convince their partners in the supply chain that they are going to see -- not going to see big disruptions either internally from domestic pressures, or externally from u.s. controls? dav

the u.s. economy providing encouraging signs for the fed's fight against inflation. plus, lvmh report slowdown in fourth-quarter sales, slumping china demand. the luxury goods sales this year started well. restrictions have eased. we speak to the cfo on bloomberg today. good morning, dani. i hope you are in the louis vuitton shop buying those extra little trinkets to send to me. or did you help the meat-eating bond traders question mark good morning, it is friday, and nothing broke. i am relieved. dani: i honestly thought we were going to say buying something for myself at louis vuitton, but i see, you want a little treat for your birthday. making an out of it. but look, the bond traders are holding well, doing shopping. at auction, even with the economic data and strong jobs market, bond market holding up well. manus: it is, and i just had one guest that said get ready for a second spike in inflation in the back half of the year which is very contrary to what we are seeing. mohamed el-erian sa

while in the u.s. the demography is still quite favorable so by 2050 americans will still be as young as today. but it is also changing there is lack of labor, who do you think about those the u.s. was the land of opportunity is also you have very diverse backgrounds. you also need people in the years to come will you then let people in? if you are stopping your borders? >> the key is to create a system where we get to choose as a nation who we will invite into the country and who we will not. right now because her immigration security system is broken we are not choosing who gets to come and who doesn't, the cartels are choosing. that is not sustainable for our country. in order for us to have a system where we -- we are bringing the best and brightest whether it being farmworkers or doctors or geniuses who can help us create the new ideas for the future, we need to be in control of that. and that means reforming the system so we can actually identify what jobs we need filled and then choose who are th

we saw the best day for the u.s. stock market since november 30th this is after the data julianna highlighted. non-farm payroll with reaction it seems the other notable catalyst was the weaker than expected ism services number which also catpulted rates higher let's talk more about the print because the number increased more than last month rising 223,000 ahead of the 200,000 expected unemployment rate was lower than expected edging down to 3.5%. wage growth moderated more than expected with the average hourly earnings rising 4.6% on the year and 0.3% on the month. steve liesman filed this report. >> the bond market showing a low inflation pressure and fed officials with a hawkish take on rates. the two-year yield fell sharply and again with the weak ism services index and combined 20 basis points off the yield a big move for that security headline payroll growth at 223,000. above expect expectations unemployment rate fell to 3.5% the number was revised down at 0.3% participation rate rose bringin more people in the l

at the same time, u.s. omy is slowing from here and that leaves question marks about how the consumer would hold up. alix: isn't this also based on the weather not being supercold and energy storage staying full and warm ukraine that does not continue? >> that is true but we are getting later into winter. we have not had the energy crisis as expected so a lot of investors have been shying away from europe, perhaps nervous about this risk of a deep recession if we were to see energy shortages emerging this winter. starting to think perhaps we will not get the major risk materializing, maybe there's a good time to look at attractive cyclical companies in europe that could benefit from a real x -- a re-acceleration to the summer. guy: there's an argument that says this is hedge fund short covering, reinstate -- institutions not chasing a, what do think of that? >> people have been negative on europe but i think we have had global equity markets falling substantially over the course of the past year and people t

trump also announced that the u.s. can't accept any asylum seekers or undocumented immigrants at the southern border because, quote, our country is full. third man: so, what have economists learned about the impact of immigration? well, when we talk about the economy as a whole, it's pretty good news. one report found that an extra 1% increase in a country's migrant population adds on an extra 2% gdp per capita in the long term. fourth man: foreign labor, mostly migrant workers, filled more than a quarter million jobs in the u.s. harvest season is here but there are not enough workers. trujillo: during the trump administration, the u.s. government had to spend billions of dollars trying to protect the borders from migrants coming from mexico and central america. but it seems no border can stop the flow of human migration. the reasons are many. but through this journey, we have realized that the lack of opportunities, corrupt governments, and violence are the major factors. to face this problem, the united states and eur

[reporter speaking spanish] reporter 2: the u.s. wants to stop the oil trade between the two political allies. fernandez: 20 years ago, hugo chavez was elected president of venezuela. cuba and venezuela became close allies. venezuela has more oil than any other country in the world, but their healthcare system needed help. so the two governments made a deal. venezuela sent us oil and we sent them... [mom speaking spanish] fernandez: in 2005, hugo chavez began providing cheap oil to countries throughout the caribbean. venezuela's oil diplomacy offered a way for countries to be less dependent on the united states, and it helped cuba reducehe impact of the blockade. but this south-south cooperation threatened u.s. hegemony. john bolton ban talking about the monroe doctrine, which dates backo 1823. boltonthe monroe doctrine alive and well. fernandez: the monroe doctrine basically says the western hemisphere belongs to the united states. it's been used to justify u.s. invasions in latin america for more than a century. trump: wseek a peac

on friday the u.s. bs data is expected to show the labor market starting to lose him but remaining far from estate consistent with nonaccelerating inflation. we have pmi numbers coming out of singapore. the big one to watch is the fed opposed to slow rate hikes for a second straight meeting on wednesday heartened by inflation slow down. they will also debate how much further they need to heighten -- titan. we will also be watching great decisions out of the ecb and boe. it is a busy week. vonnie: we are spoiled and it starts today. we continue to watch tech earnings this week as job cuts accelerate and demand seems to be waning at least in certain subsectors. wall street expect tech sector earnings to fall this year. that is your week ahead. our next guest says she has changed her public equities strategy since last year. threadneedle ventures founder is here. ann berry, thank you for joining us. your public equity strategist -- strategy has changed. ann: taking unfortunate advantage of losses. at the mo

the u.s. army. at the end of the war he became a student and professor at harvard writing where first -- writing the first great book on napoleonic wars and the congress of vienna and the century of peace that followed. as a statesman you played a pivotal role in ending the vietnam war. you kept the cold war cold. in establishing relations with china, it helped bring the cold war to a peaceful end. in the decades since, you have continued thinking and writing about the challenges of building a peaceful world order. this afternoon, we start with the question of the war in ukraine. after henry said words about that, we turn to be risks of war in china. henry, let me be specific here. last month, you wrote an article in spectator recalling european leaders sleepwalking into a conflict none of them would have chosen. if they had foreseen the wars end in 1918. you asked in that article, whether the world finds itself at a "turning point in ukraine" as winter imposes a pause on large-scale military o

as you said, in comparing the u.s. and korea with japan, the u.s. apan is not a traditional alliance and that is rooted in the reality that after world war ii, there was never any expectation that japan would become a true military partner of the united states. our relationship evolved accordingly. therefore, while there are particular relationships that are quite strong between the u.s. navy and japanese navy, for example, we don't have the same deep operational relationship that we do with south korea. these new changes, these new policies and capabilities that have been announced, they represent a future of a much more integrated u.s./japan alliance, much more in the election of a traditional military alliance. from my point of view, that is positive for regional stability and deterrence. shery: when it came to the semiconductor side of things, not surprisingly, we heard about local semiconductor companies in japan pushing back against, and japan helping washington on this. what role will industries play when you have the semiconductor side of thi

do you think the u.s. understands enough about china, given about the same situation, a lot of countries believe mr. putin would have that same calculation to not decide to go into ukraine, but he did. the u.s. did not get that wrong but do you think we could potentially get that wrong for china? sen. cornyn: our intelligence community is good, but we are not that good. we are not a mind reader. obviously, president xi is providing over a country of more than a billion people. we don't have perfect insight. we have some insight into his thinking, what they say publicly, certainly. but one of the concerns is, this is the number one item on their list in terms of foreign policy. i think we ought to take them seriously. hal: maybe worth noting, one of the good news stories of the ukraine war has been just how much, how remarkable the advance morning the u.s. intelligence community was able to provide. a downside to that, it could create unrealistic expectations of what might be possible in other contexts in th

the u.s. would be sending its own battle tanks to ukraine. here he is. >> we're really focused on making sure that ukraine has capability that it needs to be successful right now. there are tanks in that -- those offerings. poland for example continues to offer tanks and will provide tanks if other countries will offer some tank capability as well. i don't have any announcements to make on m-1st. and you heard the german minister of defense say that they have not made a decision on leopards. >> cnn reporters are covering all these developments. melissa bell has a look at russia charging a 19-year-old social media war critic as a terrorist. and salma abdelaziz is live in london on the new u.s. moves against a mercenary group aiding russia's war. but first oren liebermann has a look at the types of defensive weapons that will be going to ukraine. >> reporter: in the halls of ramstein air force base, the u.s. and more than 50 allies stood united on every issue but one. lloyd austin heaping praise

it is important for the u.s. to make sure they are doing what they can to keep the dangerous substances of the u.s. and it is a focus of administration to work on ways to improve technology. many of these drugs come across legal ports of entry rather than being smuggled illegally. it is impossible to check every single cargo that comes through. it is one way and focusing on the technology that enables border control during illicit substances across the border. host: earl in illinois. caller: good morning. to piggyback on what the young lady just said, fentanyl is brought in the united states by professional drug smugglers, not by people trying to escape. the other thing, correct me if i'm wrong, i'm under the impression there has been immigration legislation in front of congress for a dozen years. i believe kennedy, mccain, some sort of legislation there. we have solutions for the border but congress will not act on them because it is easier to complain about the problem then it to address the problem. if they wer

today part of the u.s. government's action against the virtual currency exchange bitzlato, treasury financial crimes taken steps to expose cyber criminals and enablers. they are identifying bitzlato as a primary money laundering concern in connection with russia's liquid finance. bitzlato the satilla -- facilitated transactions for russian ransomware group. including ones that have connections to the russian government and russian darknet -- markets. two were scams. bitzlato received virtual currency worth almost half a billion dollars from illicit activity between 2019 and 2021. nearly 50% of all transactions during this time involved russian, illicit finance or risky sources. bitzlato for their active in the satilla -- facilitating illicit activity and is part of a larger ecosystem that is allowed to operate with impunity in russia. it is well known that russia is a haven of cyber criminals where the government lists them for its own malicious purposes. the majority of ransomware 40 defense in 2021, were c

shery: a risk on mood as both but the impending u.s. inflation data will bolster the case for the fed to ease rate hikes. china's factory gate is set to end a two month run of inflation as opening boost prices. ftx advisors uncover more than $5 billion in assets as a sort through the failed crypto exchange chaotic records. haidi: let's look at asian markets. futures are trading at the highest level since mid-december. we are expecting covert optimism. as well as anticipation head of china inflation numbers and u.s. inflation numbers. there is a bit of uncertainty about what we hear from jay powell. asx 200 up by almost percent. the subject gains in oil overnight. all of this tying into the china reopening optimism. we are seeing a little bit of upside when it comes to the staggered open. the aussie dollar has been holding at the $.69 level. last night it was the biggest gain or in the g10. we are seeing more modest gains in the modest -- morning session. kiwi stocks up by .4%. nikkei futures looking pretty flat. the dollar yen holding st

we are pretty bullish on the u.s. there is still a lot of growth and if there is a recession we don't predict that but if there is one i think it's going to be shallow. but also 45% of the global military capacity is still with the u.s.. so if the u.s. decides to take sides, the u.s. decides to get involved it really matters. in europe we have always thought about the u.s. of an exporter for predictability, growth, values and principles. i think a lot of the world has that view but we know the results are not always, there are disagreements in washington dc. also in any democracy there is disagreements, but i think the feeling has been lately that there has been a lot of partisanship in the u.s.. we wonder how can things get done on behalf of the americans, one thing is to take responsibility for the world but it is also very important to get things past. both in the house and the senate and to also make things happen and this also means a lot for the states. let me start with you senator on my left side there was a lo