the u.s. isn't supporting. the u.s. actually has an official policy, unfortunately, it doesn't seem to have been reported in the united states press, at least i can't find it, but the policy is there. you can read it in government documents, actually i've quoted it repeatedly in things i've been writing, the policy was set in september 2021. september 1st, 2021 there was a joint statement of the u.s. and ukraine, notice, this is a couple of months before the russian invasion. the document is basically a policy statement of the united states, reiterating and amplifying the policy that had been in effect for many years. it's worth reading. first says the door to the ukrainian entry into n.a.t.o. is wide open. we're inviting you to join n.a.t.o. and it says the united states will intensify the sending of advanced military weapons to ukraine. it will continue with joint military efforts in ukraine, the u.s.-- it's called n.a.t.o., but it means u.s., ukrainian military operations. all of this placing weapons within ukraine a

and within the u.s. -- he is a u.s. citizen today because he qualified under the section 329 immigration act. >> madam chair, i yield back. >> missed -- >> -- anywhere from a few hundred to a few thousand veterans are estimated to be reported. that is unacceptable. i am very proud that president biden has taken steps to not only stop deportation of veterans but to allow veterans to return and ensure immigrant servicemembers to them and their families and that they can become citizens and have access to military benefits. i have a number of questions. if you would mind keeping your answers short so i can get through all of them i would certainly appreciate it. ms. rogers the first several are for you. would you agree that it's the best interest of our national security to -- >> i would say my opinion is not relevant because section 329 immigration law they are eligible to apply and become citizens. >> we heard from previous witnesses that this is very important. if we had someone with a green card from south korea on the

i think the more u.s. vernment and u.s.ple can hear from the leaders of other countries, which are culturally similar, which the lifestyle is similar from other countries that can seehen there's a problem, fix it, i'm hoping that wilgive a bit of force or impetus to change in the u.s. amy: we will end with the words of jacinda ardern delivering the harvard university commencement speech. she was met with a standing ovation. >> march 20 19, 51 people were killed in a terrorist attack on two mosques in christchurch, new zealand. the entire brutal act was livetreamed on social media. the role commission that followed found the terrorist respsible was radicalized online. in the aftermath of new zealand's exrience, we felt a nse responsibity. we knew we needed signifint gun reform and so that is what we did. amy: that was new zealand prime minister jacinda ardern. rebecca peters, thank you for being with us international arms , control advocate and the former director of the international action network on small arms. and norman

the u.s.ashington wants the australian to face fine charges for his role in releasing hundreds of thousands of classified lee terry documents in 2009. up next on "al jazeera" "inside story is." >> we understand the differences and similarities between cultures around the world. no matter how you take it, "al jazeera" will bring you the news and current affairs that matter to you. "al jazeera." >> the bullet that killed "al jazeera" journalist is revealed. mounting evidence that a special israeli military unit is responsible. will this force israel into taking action? who can conduct the transparency investigation? this is "inside story." ♪ anchor: hello and welcome to the program. "al jazeera" on covered -- uncovered evidence a special israeli unit shot dead our colleague shireen abu akleh. we have a photo of the bullet that killed the journalist and occupied west bank last month. it is a type used by israeli soldiers, designed to pierce body armor. investigations suggest abu akleh was deliber

u.s. congress, white house events, the courts, campaigns and more from the world ofpolitics all at your fingertips . you can also stay current with the latest episodes of washington journal and live scheduling information or c-span's tv networks and radio plus a variety of compelling podcast. c-span now is available at the apple store and google play. download it for freetoday . your front row seat washington anytime anywhere. >> was in 2003 that philosopher and author and linguist noam chomsky first appeared on this program. and we've invited him back to take your calls and talk to you once more time. since 2003 he's written dozens of books and one of those books was consequences of capitalism. here's professor chomsky from 2021 talking about one of his more recentbooks . >> a major poll just came out from pew research in which they asked people, they gave people a choice of 15 serious problems and asked them to rank themin terms of urgency . that was between republicans and democrats and

he is a u.s. citizen today because he qualified under section 329 of the immigration nationality act for citizenship. chair lofgren: mr. jayapal is recognized. rep. chabot: immigrants have defended the u.s. in every major conflict since the revolutionary war. anywhere from a few hundred to a few thousand immigrant veterans are estimated to have been deported. that's unacceptable. i'm very proud president biden has taken steps to not only stop deportation of veterans, but also, allow deported veterans to return and ensure immigrant servicemembers and families can become citizens and have access to military benefits. i have a number of questions, if you wouldn't mind keeping your answers short so i can get through them. ms. rogers, would you agree it is in the best interest of national surity to naturalize immigrants serving in the military? ms. rogers: i would say that my opinion is really not relevant because under section 329 of immigration law they are eligible to apply and become citizens. repp

we had u.s.tocks rebounding in the new york session, but right now, those gains are not being held in the futures trading space. we had weaker than expected economic numbers in the u.s., including jobless claims, near a five-week high. not to mention manufacturing and services numbers cooling in june. we might see a mixed picture in asia. right now we are not getting that clear direction that we were hoping for after the wall street close. annabelle: you have to say that, because we have the aussie 10 year reflecting the moves in treasuries now it could be a supportive factor for equities across the board. but we still have futures for austria pointed to the downside. you did say about the fears about pullback in demand for commodities, particularly important for the asx 200. bernstein said iron ore shipments could decline in the second quarter. in japan, nikkei futures are coming online flat. inflation data from japan is a major focus for this hour. cpi is rising further above the boj's 2% targe

u.s. bond market. yields are down 12% but a reversal of what we have seen the last few days. let's look at the dollar index. as the yields come down the greenback does as well. down 3/10 of 1% and we should mention the oil story. that is really a recession story. growth fears driving the commodity market lower. jon: that factors in to the stock at this hour. because there has not been willingness on the part of investors to move into any sector it is feeling company specific at this hour, whether you have a standout stock like moderna up 6.5%, or docusign going through a management shakeup. coming back to what you are talking about, you are seeing noticeable weakness in those highflying energy stocks. whether it is marathon or conocophillips down 5.5%. kriti: you used the buzz word. that is the focus for investors. jay powell testified on the topic before the senate banking committee. [video clip] >> do you agree that if interest rates go too high, too fast it could drive into recession? >

today, that u.s. ambassador to ukraine met with the ukrainian defense minister and told him quote we will increase the unprecedented level of u.s. assistance, we will do everything possible to strength ukraine on the battlefield. joining us now is the new united states ambassador ukraine, bridget brink, and she joins us from the ukrainian capital of kyiv, i appreciate you being here, given what time of the night it is right now in ukraine. >> rachel, thanks so much. it is great to be with you. >> let me ask you first, about the decision to move the embassy back to kyiv. obviously, that is something that the ukrainian government wanted, and that some other countries have done, and the united states has done this just within the past few week, you're just there within the past week, is it a danger to yourself and other u.s. personnel to have the embassy there, particularly with those missiles that we saw russia shoot in the ukrainian capital this weekend? >> well, i would just say diplomacy is risky, an

the u.s.nd they are getting worried. dani:, pau -- all right, paul, thank you very much. bank of england chief economist says policymakers sacrifice growth in order to bring down inflation in the u.k. he said the boe was ready to act more aggressively. >> you should be confident that we would do what we need to do to get inflation back to target. at least in my view, that will require further tightening of monetary policy overcoming let's. dani: let's get straight to bloomberg economic's chief european economist, jimmy rush. will these numbers give us more of a hint as to where and when inflation will peak? jamie: we are expecting to come -- inflation to come in at 9.1% in may, which is not much different from the a core number -- accor number of 9%. that's what they will be looking for in the detail of the numbers. when it comes to the peak, that's going to come in october. we know that because that's when regulatory prices go up. we are expecting costs to lift inflation to 10.5%. the peak is

the u.s. and canada. their hope is to help the u.s. and other countries divest from russian energy. this is just over two hours. >> yeah, i could give you something a little stronger. the meeting will come to order. let me first of all welcome all our guests, we are just so delighted to have you all and i want to thank you again for the gracious hospitality that was shown to me as i visited with you all, and i really enjoyed it and the weather, it was all canadian. and i enjoyed that also. we'll get started. today, i want to welcome our friends from the north, from canada, to continue the committee is very important conversation about how we pursuit two critical goals -- addressing energy security and climate change. these two goals aren't mutually exclusive and it's imperative that we address both. we all agree that putin has used energy resources as a weapon to inflict pain on europe. we all agree that putin has used russia's oil and gas resources and a weapon to inflict terrible pain on the

this was less a u.s. decision than a u.s.ecision to uphold what had been a consensus of opinion throughout the region. at the 2001 summit of the americas in quÉbec city, all countries in the region signed a resolution that said a rupture in the democratic order of any one of them would be an impediment to future participation in a summit of the americas. really, this is upholding what that than regional consensus as opposed to a unilateral decision on the art of the u.s. -- part of the u.s. are making it sound. >> wasn't the goal of the summit, which is hosted by the u.s., for the u.s. to reassert its leadership in the region? >> precisely by looking at ways in which democracies can work together very cooperatively and creatively to address the mounting challenges in the region, i think the administration has recognized there is something very important about the challenges that are facing democracies. i don't see much of what could be offered by having them at the summit, quite frankly. they would be spoilers. unfortunately,

the new u.s. ambassador to ukraine is going to be our guest, here live tonight, this is gonna be her first live interview since taking her post. reopening the u.s. embassy in kyiv. he, have of course, a city that is now newly-being targeted with missiles by the russian military. heck of a welcome back to the city for the u.s. embassy, but ambassador bridget brink is going to be joining us for any sluice of interview from kyiv. in just a few minutes. i hope you will be there for that. back in 2010, the u.s. justice department arrested and indicted nine people, win michigan and ohio, and indiana. nine people who are all members of a group that called itself a militia. the indictment, back in 2010 charge that these nine people intended to murder a member of law enforcement, possibly the family of a law enforcement officer as well. and then, when lots of other law enforcement officers would come from all around the country to be there for the big public funeral that would result, this militia decided

u.s.conomy is in strong shape and can avert recession. the task is getting tougher. >> the path back to 2% inflation while still retaining a strong labor market, we believe we can do that. there is no guarantee we can do that, it is officially something that will be quite challenging, and i would also say that the events of the last few month have made it significantly more challenging. shery: stops swearing and treasuries rise as bond traders up there bets on the recession, eventually reversing the tightening cycle. u.s. futures are unchanged in the opening session. hard to find any direction in today's trading. the s&p 500, swinging between gains and losses, finishing unchanged. we have a lot to digest, central bank speak,, no to mention concerns about a slowdown in the economy. we had crude prices even in the asian session under pressure. because we had some bullish reports out of the u.s. at the same time, an and seasonal slowdown in gasoline demand. the summer driving season was not e

the u.s.the world's top power is coming to an end. when they won the cold war the u.s. declared themselves god's own representatives on earth, he said. people who have no responsibilities, only interests. they have declared those interests sacred. the u.s. and an its allies reject any from the conflict in ukraine and have massive economic sanctions. but putin says the measures aren't working. to crush the russian economy with a swoop, he says. obviously it didn't work. >> the u.s. accuses russia of worsening world hunger by blockading ukrainian ports and causing a massive spike in gas prices. putin again blaming the west. even higher prices threatening famine in the poorest countries, and this will be entirely on the conscience of the euro administration and the euro bureaucracy he said. a top russian senator saying he believes russia's invasion of ukraine prevented a larger war and was russia's only losses mount. >> we are all aware about the war which take place now, but they're absolutely s

u.s. stocks snap a today slide. >> the central bank has a lot more work to do to meet its inflation goals. shery: we are seeing u.s. futures up 1/10 of 1% after the s&p gained ground for the first time in three sessions. the nasdaq outperformed. the inflation concerns i laid a little bit. we are headed toward the nonfarm payrolls numbers on friday. we are expecting a slight cooling of labor demand. oil in the asian session extending gains. in the newark session, reversing losses of more than 3%. this has a lot to do with u.s. inventories dropping. a goldman sachs representative talking about a tighter market during summer. opec-plus increased supplies during summer but not enough. if you look at this chart and you see opec capacity, we are still far away from the pre-pandemic levels. there is a lot of skepticism about how much supply opec-plus is bringing to the u.s. markets right now. >> more oil in the markets could help to ease the investor concerns around inflation. ahead of the open,

u.s. stocks fall as oil continuesits relentless rise. shery: some analysts say hopes are premature. we are seeing u.s. features muted at the open but after the s&p 500 managed to lose ground for the first time in three sessions after we had meme stocks under pressure given the sec talking about overhauling market rules, a direct response to the wild trading we saw last year. we also had chipmakers under pressure. intel saying the current quarter not looking as great as expected. the energy sector, the only sector that stayed in the green for today. we continue to see the rally and wti prices in the asian session above $122 per barrel at the moment. we saw data out today that showed u.s. stockpiles falling. we're watching volatility in the treasury space. 10 year yields about the 3% level. take a look at this chart because every time we get to this level this bottom panel shows you how much pressure and volatility we have on stock markets. the big question is will we continue to see a susta

the u.s.l increase its military presence in europe as noto makes a fundamental shift following russia's invasion of ukraine. nato leaders declare russia to be a direct threat. the alliance calls china a strategic challenge. ukraine's government releases a video of the moment a russian missile struck a shopping center monday, killing at least 18. thtie ronna tal america's health secretary tells us how the u.s. looks in the eyes of the world. >> it is hard to believe america is taking a back seat, backsliding when the world is moving to give women the kind of righ they should have a hat a long time ago. -- should have had a long time ago. laura: welcome to world newsamab we begin in spain. president biden announced the first time, the u.s. will station forces permanently on nato's eastern flank. the cause -- because of his words, president putin shattered pace. the alliance is having its biggest overhaul since thend of the cold war as the invasion of ukraine is in its fifthfrad o nth. political

the u.s. rallied yesterday. s&p 500 futures are up 0.7%. tech is outperforming again. this is a bit of the undoing of the inflation trade. we have those longer durations increasing. tech is on track to end the week higher. a rarebit over prefer the markets come out what was once overly valued. we have euro stocks futures up. it was closed when the u.s. rallied, so maybe catch up. it does come off the back of yesterday's very weak pmi's out of europe, 16 month low. ray dalio and the folks at bridgewater doubling their short bet on european tech. so finding buyers this morning, manus. manus: i think what it is is, is powell might verbalize and unconditional commitment. i think it is reflected globally in the aussie rates. i popped in the aussie rates for you on the tens because they are down. you are also seeing copper come down by 3% in singapore, the biggest one-day drop in a number of years. miners wiping out this year's gains on the global copper miner index. japanese inflation ahead of expe

prices in the u.s.ot up to record levels. saudi arabia has raised oil prices more than expected. the increase for july shipments to asia resume the streak of heights that started in february imposed last month. aramco also increased oil grade for the northwest, europe, and mediterranean regions. the british prime minister expects his own party to trigger a leadership vote in the coming days. the tour remembers may be on the cusp of getting the letters needed to force the confidence vote. calls for johnson to step down have intensified after bit -- after a report on illegal parties during the pandemic. rafael the doll has acknowledged his tennis future is in doubt because of a nerve condition in his foot. he said he relied on many numbing injections to clinch the victory. nadal says he is looking into new treatments but is not sure if he will play wimbledon next month. swiatek won the women's final against coco gauff. global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 27

what we don't have in u.s.the europe today is overbuilding, or equally important, over leveraging. the banks were member the gse. we have strong fundamentals even if it is going to get rocky. in multi family household growth, job formation, mobility, the u.s. moving from high-cost, high tax states to low tax states has been bullish for multi family. we are seeing additions to supply not really above the long-term average. supply and demand is fine. dani: let's assume there will be no recession -- does this assume there will be no recession in the u.s.? bill: it does not assume there will not be a recession in the u.s.. you could have tapering of rent, unemployment, non-collections -- all of that could happen. but we've just been through covid, where people had limits on what they could pay, the government intervened. we've been through this chubby ride before and i think the industry can certainly withstand it amongst most product types. dani: it looks healthier, less leverage, less a systematic issues is what

a seer ash a senior u.s. official said -- a senior u.s. official expressed concerns. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i am vonnie quinn. this is bloomberg. shery: still ahead, we will hear what dr. martin schulz of fujitsu thanks as the boj -- ellen hayes then tells us where she sees opportunities and a bear ravaged s&p 500 outside their traditional growth and tech sectors. this is bloomberg. ♪ >> this week is fraught with peril. >> inflation is the achilles' heel of markets. >> markets believe the fed will be forced to get more aggressive than expected. >> i don't think a 75 basis point hike is out of the question. >> there might be an initial selloff from a 100 basis point hike, i think there will be a rally. >> this is the time to be selective. i would not sit on my hands. >> there are opportunities in areas where one can position. >> pockets of stocks that have been proven. >> the credit space in the u.s. looks good to us. >> equities, i am still pretty cau

the u.s. army, the honorable christine wormuth, to build on these previous discussions. there is no better leader today to discuss the role of the army on deterring actors across the globe. thank you again for spending time with us and we look forward to hearing your insights in the coming hour. with that it is my great pleasure to introduce jane, my colleague, who will make a couple of announcements and further introduce our esteemed guest. jane is also a board director and president and ceo in north america at a company that works on solutions to protect the integrity of products and documents. jane has held previous roles as deputy terry sector -- deputy secretary of the department of homeland security, assistant secretary-general of the united nations and member of the security council in the bush and clinton administrations. she has also had a distinguished career in the army pleading service in the gulf during desert storm and she deeply understands the importance of the topics we are di

the u.s. and canada trade, more than two billion dollars daily. that is a two billion dollars daily. there is no better symbol of our energy relationships in our interconnected, which is seamless and enter growth for the reliable electricity, citizens, and industries in both of our countries depend on it. and, we are here for each other during these times of need. electricity workers from both the u.s. and canada regularly crossed the border and extreme weather events to help get the power back on. that is when mother nature calls. canada has wrapped up all exports to the u.s. to offset russian crude and member of our committees led legislation to cut off the energy forces fuel in putin's war machine. we know that a number of u.s. refineries are running on heavy crude and canadian heavy crude runs an alternative to sources like venezuela, which we have sanctioned due to the anti democratic actions. canada is also a leading supplier of uranium, and critical minerals to the u.s.. including those

we think u.s. equities are overvalued but when you look at international markets we believe they offer more value. when he the about the next 10 years, we think u.s. equities are going to return to the neighborhood of 4.5% per year for the next decade. at international equities are probably going to produce somewhere in the 7% range. there are opportunities. tom: that is an interesting call in international equities but i want to go back to your point about u.s. equities looking rich. how much more of a drawdown you expect? greg: if you look at where we think about their value, -- fair value, you are talking about another 5% or so. if they were to get to the midpoint over fair value, we are talking 10 or 15%. there could be more pain but it depends on the federal reserve and how the economy shakes out the next few months. francine: thank you so much for taking such a keen interest in the market open, says if you are, he says he is interested in treasuries with a three-month 10 year spread, do you h

u.s. markets. traders gaining at the front end of the curve. u.s. officials working to arrange a call between president biden and xi jinping as tensions remain high. u.s. futures rebounding after the s&p 500 plunged. j.p. morgan is saying now that the s&p 500 implies an 85% chance of a recession in the u.s.. nasdaq 100 stocks also fallen more than 4%. we are watching the treasury space very closely because the selloff we saw earlier is completely reversing course and is a two year yield is falling close to a 3% level while the 10 year yield falling. wti gaining ground in the new york session. a little pressure in the asian session. remember, you also had other daughter falling by -- dollar falling by the most since march, 2020. the other side of the dollar's european currencies. central banks across europe are starting to tighten as well. the swiss franc is seeing its best rally since 2015 after that rate hike by the swiss bank, the first one in 15 years. the british pound is also supporte

protests across the u.s. after the u.s. supreme court rules there is no constitutional right to abortion. cnn has reporters fanned out from coast-to-coast. plus, we're live in london with a look at how other world leaders are responding to the landmark decision. >>> plus we'll look at a summit in germany where kyiv is top on the agenda. we'll take you to kyiv, brussels and munich. >>> all right, now a bombshell decision by the u.s. supreme court is rocking the american political landscape this weekend, ending nearly a half century of constitutional protection for abortion. that 50-year-old right was abruptly erased on friday in a 5-4 ruling striking down the ruling of 1973. it immediately triggered an outpouring of large and angry protest's cross the country with many more expected. >> this decision is an outrage. >> this decision is absolutely terrifying, but more than anything, it just make please angry. >> i would remind that six people do not dictate our lives. >> roe v wade has been challenged and upheld before. but th

. >> u.s. officials are trying to arrange a call between president biden and xi jinping as tensions remain high. >> u.s. futures are gaining ground after we saw the s&p 500 losing ground in today's session. we now have a j.p. morgan strategist saying the s&p 500 implies an 85% chance of arrest session. there are fears we could see i policy ever after the biggest hike since 1994. the nasdaq 100 moving more than 2% and the two year yield around the 3% level. tenure about the 3.2% level. the asian session is under a little pressure after a rally. no matter the risk off sentiment we saw, supply concerns are still moving the market. we also have the dollar plunging by the most since march 2020. this is to do with what is happening in europe. look at these currencies in europe. we are seeing a little move in the asian session after a huge jump against the u.s. dollar. the swiss franc father biggest rally since january 2015 with the swiss bank removes to a currency cap at a time when inflation is high

dani: now to the u.s. where we have had the opening night of hearing summarizing the funding -- the findings of a probe into the u.s. capitol insurrection. house members examine efforts by then president trump. did we learn anything new? >> yes, we learned a lot of new things today. the highlight of the hearing, the first half was the presentation by republican congresswoman liz cheney from wyoming who presented the case almost like a prosecutor presenting a case to the jury in the opening statement. creating a portrait of then president trump inciting supporters, rebuffing calls to call them off, even though many of his advisors had told him that the claims that there was massive fraud in the election were just false. most notably there was video testimony from former assistant -- sorry. former attorney general william barr saying allegations of corruption, of fraud that were significant enough to affect the election -- he called them nonsense. the then-president's daughter appeared in video testimony as

ashli babbitt u.s. listed shares tumble after chinese regulators did not a bloomberg report of talks to revive the ant group ipo. plus public hearings on the january 6 i talk begin assuming, with the house committee promising -- of the january 6 capitol attack begin soon, with the house committee promising new evidence. haidi: south korea's april current account deficit at $79.3 million. the april goods trade, falling to a surplus of 2.98 billion dollars. we are also hearing from the bank of korea governor, delivering a speech at an event on the 72nd anniversary of the central bank. he is talking about the economic damage from the inflation correct, saying damage to the economy will be greater if they may set the timing on the rate hikes. we did hear from the bank of korea's deputy governor saying that it is not appropriate to hike the policy rate by 25 rather than a big step like 50, as we have seen more consistently happening with other major central banks. we have heard repeatedly from policymakers f

will feel the interest rates a lot much more quickly than the u.s. would. however, the u.s.s not completely immune to higher interest rates because 95% of people are fixed. it means the vast majority will not notice interest rates going up but who does notice, the people who are moving homes. from then, the 30 year mortgage rates go to 5.75 today. at those kind of levels, if you look at the cost of buying a house and bear in mind house prices have gone up 40% since the end of 2019 in the u.s., the amount that it would cost the average household to buy the average house today has approximately doubled over the last couple of years. that is why even though the u.s. is much more resilient in terms of most people not feeling those higher rates, housing transactions will come under pressure because of these high rates. that is what caps out. kailey: you will not find the house hunting anytime soon. as we talk about how high bond yields go, does that form a bottom for the equity market? how close are we to that? michael: i think it depends ultimately on whether we end up getting a

u.s. supreme court move to overturn abortion right. a new poll suggests a majority of americans disapprove. u.s. futures across asia after we saw a rebound in the equity market with the s&p 500 gaining more than 3% friday, the best day since may. for the week gains were up more than 6%, the second-best reading this year. the vix is well below the levels we have seen it, past bear market. we are talking a level around 27. we continue to watch the oil space. we are seeing a little pressure in the u.s. session. in the asian session also we are talking about two consecutive back-to-back declines for oil prices since early april. that is to do with concerns about demand disruption given we have continued to see concerns about recession reflected in the treasury space. the 10 year holding around 313. look at this chart. we have seen a rally in the treasury space with the two year yield seeing its biggest gain since mid-may. we are already seeing the market price things now billy -- now, rate cut

coming up, u.s. inflation accelerated to a fresh 40-year high, pushing consumer sentiment to a record low, inverting the curve, keeping pressure on chair powell. we begin with inflation in america. >> u.s. cpi index. >> the headline number came in hotter than expected. >> what i worry about is a lot of people embracing the idea. >> the risk really is that inflation becomes unhinged even further than we have seen. >> the reality here is that everybody knows inflation will not be transitory. >> in the face of 5%, 6%, 8% inflation, you still have a country of only 1%, so the country is well behind the curve. >> the fed has more work to do. >> we are clearly in a slowdown. >> we have made the turn on employment. >> there's lots of bad news. everybody knows with the bad news is. >> nothing from where they are going. >> the fed will be raising rates. lisa: joining us now to discuss, jim stevens and a guess from goldman sachs. jim, i want to start with you. jim: i'm not sure it changes the fact of what we a

and for the u.s. and the u.k., if it was not for them building these coalitions and filling in the gaps, i think that it would be much weaker. so u.s. is not obsolete. host: the american enterprise institute's dalibor rohac dalibor rohac joining us for the conversation. the phone numbers are on the screen. we will start with charles on our independent line in colorado. you are on, go ahead with your question. caller: first with a comment, then a question. i think that we should tie all the nato countries into take any country in that works with the west under nato, and then tie that to the tpp, and really put the economic screws on all of these misbehaving countries out there in the world to get in line. and i also want you to comment on jon huntsman, who you probably know who he is -- he said that there is no way russia can leave out of this without the removal of putin. he said this as body bags from russia was coming back. it was really upsetting to russians. i cannot see where the russian people a

as long as the u.s. dollar stays very strong, it is a big problem for the emerging market world, including asia, because so much borrowing is done through the dollar markets. the weaker their currencies get, it adds to the problems they have in china keeping inflation under control and keeping money supplier tight. as long as the dollar stays strong and global interest rates are higher, it will be a real hit for emerging markets and it will also play out in equities as well, plus the commodity space. shery: yes, the equity space is headed for the worst first-half performance in 24 years or so. kathleen, two fed officials are still betting on a soft landing. why? kathleen: because they think they can hiked rates enough to fight inflation and do whatever it takes. but they will not have to do so much that they pushed the economy into recession. mary daly is the president of the reserve bank of san francisco. yvonne, you mentioned her great interview on linked in, her metaphor when asked about recession. "i

u.s. futures under pressure, we're talking about the nasdaq futures moving already 1% which is quite a big move. this is ahead of the fed decision this week, raising uncertainty, we have the s&p 500 moving almost 3%. we have really those short-term yields spiking, above that level since 2008. a signal that an economic hard landing may be unavoidable. oil prices have remained high at the $120 level. that price pressure was about inflation. take a look at this chart. another fresh 40 year high. we are talking about broad-based gains across categories, it's rising given fears that the fed may have to move faster to regain control of prices. annabelle: a lot of focus on the treasury market and bond space, the q. week 10 year at a level we have not seen since 2014. new zealand coming online just like this, australia a public holiday. japan futures are pointing lower. ports need to contend with covid lockdowns, we had china resuming mass testing in shanghai. flipping the board for >> happening i

u.s. economy remains strong. he says look, this is going to be a very interesting summer season because the economy is still strong. you will have people traveling and that is why you will see gas prices spike and continue on this rally. that is why we are seeing what brent market and crude markets are doing this morning. they are still adding jobs at a rapid rate overall. there is a lot of concern that the economy is slowing up too sharply. we are not saying that. we are seeing moderate job gains. that kind of leads to a lot of questions about the central bank and what they're going to do. what really matters is you see the. that is the big one here. we will be looking for any signal about when they will lift interest rates. we will look at australia and india. >> let's have a look at the key question here. we are looking at indonesia, kazakhstan, india and poland. this is the reserve bank of australia. we are looking at where we will be seeing aussie rates. here is the implied cash rate.

u.s. could face recession, saying that a soft landing will be very challenging. >> -- have made it more difficult for us to achieve what we want, which is 2% inflation and still a strong labor market. shery: that warning set to play on asia markets along with losses wall street and a rally in treasuries. china's president slams the suffering caused by sanctions, accusing some nations of weaponizing the world economy. u.s. futures continue to extend losses after we saw the s&p 500 fall, warning of the risk of recession not sitting well with the markets. energy leading declines. oil continues to extend the declines we saw in new york, already at the lowest in a month. we also had the former new york fed president bill dudley say that recession is actually inevitable. treasury futures at the moment are not doing much, the 10-year yield actually fell towards the 3.15 level. annabelle: the rally in treasuries is certainly setting the tone for trading in asia as well. we are looking ahead to a m

asha ipo in the u.s. -- arm ipo in the u.s..y have not found a location yet but that is the latest. it is not anything to new. let's get to annable jewelers, watching markets for us -- annable watching the markets for us. >> watching some of the major food producers in japan. we had some of that cpi data showing high prices. really pushing past the 2% level for a second straight month in japan of the target of the boj. we have one of the major food producers here, it is going to be raising prices from october. households paying up to 12% more for the likes of salt, seasoning and other products. we are seeing an -- ajinomoto raising. that was one of them yesterday, raising prices for its chips by up to 20%. let's check in on the lithium producers in australia. there are concerns about the metals rally point, not in the lithium space because they do not announce the results in option. we have producers or consumers here paying 7% higher than a month ago. steve jobs here. -- steep jumps your. macau casinos rising across the board.

the u.s. and americas program. thanks so much for being here with us. i want to start with the open ended question, your thoughts on what you saw last night? >> i was extraordinary. i think perhaps even more carefully and powerfully delivered than i think some of us expected including me. we were a little bit skeptical about the ability to really demonstrate and show something new. what we really saw in the first hearing was the very thorough attempt and the clear intention to demonstrate through a variety of uses of hearings, of video footage, that what happened on january 6 wasn't a sort of singular event, it was very carefully planned and orchestrated. we have seen the very steps that will be told about how we got to the point. and president trump's very clear direction and involvement. i think that really remember this is an america that is moved on considerably from january 6th. and this takes the country the nation right back to that moment which regardless of people's positions on the p

the u.s. but elsewhere in the united states as well. good morning. guest: thanks for having me. host: on the articles we are reading from you, "u.s. drought worst in a millennium and it could get worse." how do scientists judge the drought over a time like this? what measures did they use? guest: great question. some of the surveys we've seen and the last couple of months take a look at a few things, preserved ancient tree rings. they use those to figure out what precipitation was like, what the water in a basin region was like, and we first saw a steady amount that the 2022 drought we are in is the worst in 1200 years. because of this additional survey from the bureau of reclamation, they looked at things like collection from bogs and lakes and they determined there had been a worse period around 280. in -- 200 a.d. water levels are low but they have been worse which might help water managers know if it can get worse. host: tell us, the factors that are driving this historic mega drought in t

the u.s. may allow more a radiant oil into the market. haidi: president joe biden's commerce chief says it may make sense to -- shery: asian stocks are expected to see a cautious open after the u.s. jobs report. take a look at u.s. futures. this after the s&p 500 lost ground for an eight week in the nine. we continue to resume those losses. we have the nasdaq 100 being dragged down, losing more than one person. it did not help that elon musk came out and said he had super bad feelings about the economy. this report after wti touched $120 a barrel. we are continuing to see that rally in the asian session. not to mention we had the saudi arabia news, raising prices for asia and we are seeing more of a demand rebound given that economies are coming back online and reopening after covid lockdowns. we are seeing treasuries extending the losses and heading toward the 3% threshold on a 10 year, psychologically important. we are watching main cpi numbers this week. that will determine what the treasury market does. we are watching the jobs report

the chair of u.s. -- the share of u.s. payments made by cash has declined by one third to 20% over the last five years and the share is even lower for people who are under the age of 45. it is prudent to consider how to preserve ready public access to save central bank money and that is where questions around the issuance of a digital dollar akin to the federal reserve's issuance of physical currency arise. in addition to the migration away from cash, we are seeing growth in new forms of digital private money such as stable coin. they don't share the same protection that underpin confidence and a commercial bank money such as deposit insurance, access to central bank liquidity and banking regulation supervision. they can lose their promise to value harming consumers and creating broader financial stability risks. we saw in the 19th century active competition among issuers of private paper banknotes left instability and efficiency and was so widespread that led to the name -- the need for uniform national currency and the p

the u.s., 8.6%. markets repriced with a selloff in bonds and treasuries. you could get as much a 75 basis points this week from the federal reserve. jeffries and barclays putting that on the table. a pastor rate hike cycle then ringing forward the question of a recessionary risk. the spanish ibex down 1.4%. the ftse 100 lower by .8%. with our video's and picture, -- idiosyncratic growth picture, the contraction and the conundrum from the boe which makes its decision later this week. the cac 40 down 1.6%, politics also at play there. the first round of parliamentary elections were on sunday, the second round next week. questions around what that can meet of micron does not get his majority. the heavy selling that we saw in the united states and europe. mastec futures pointing to losses of 2.2%, the most exposed to that run-up in yields we are seeing. the yen did cross above 135, at their weakest level in 24 years. we heard from the bank of japan saying they will continue easing, it is the rate

u.s.tocks surged after last week's $2 trillion rout but marketwatchers warn of more volatility ahead. paul: elon musk tells bloomberg the u.s. is likely to face recession is a near -- in the near future. nouriel roubini says his best scenario is a hard landing. will get more exclusive insights from the qatar economic forum. shery: the yen six to a 24 year low against the dollar. this is the picture across wall street. u.s. futures muted after the open after the s&p 500 gained almost 3%. it was led higher by energy and consumer discretionary stocks. more positive sentiment today. president biden saying that a u.s. recession is not inevitable. we had treasuries falling, the 10 year yield headed toward the 3.30 level, the long leading data sources. gains in oil prices. -- the long and an leading their losses. gains in oil prices. and we are continuing to see anxiety, data showing existing home sales fell to lowest in two years, given that rates are rising. if you do price in the potential of

u.s. inflation which caused a fed to increase monetary tightening. jay powell faces a tough choice and may have to push the u.s. economy into recession to regain control of prices. china issues what are the strongest warnings hit on taiwan as beijing stand on the taiwan strait worries washington. we look ahead to the open in japan and maria, new zealand training, but of fed asking for the fed to add. japan futures are up 3.5%. this is a banking group in japan saying we could reach the ahead of the week. looking at the bonds market as well, we see the treasuries, particularly in the shorter duration, pulling out this morning. the q. week 10-year above 4 -- the kiwi 10 year above 10%. shery: that two year treasury yield popping through through percent level. we have the five year yield, the highest since 2008. burning and signaling that the economic soft landing may not be possible. we see the pressures futures in the asian trading session after the s&p 500 saw the second worst week this yea