but the u.s. navy in the u.s. military knows what the confederacy is up to so there like we should have our own ironclad. so she will create a kind of a commission to come up with the various design ironclad and design one of the most famous and that is the monitor. so the battle will unfold over two days, there's a two day battle. and they had the confederate ironclad in virginia and it is good command of buchanan and i keep using the word she, because 19th century, that's what they did and so, buchanan is in control of virginia so this as vessel and going to. [inaudible]. in room 10:00 p.m. she runs right into the u.s. cumberland, this was a 1600-pound ironclad and this is a giant hole in her hall because of the slamming grade in next, another u.s. ship, the uss, and they said this was a bad idea and this ironclad vessel. and they are pending in congress, until eventually the u.s. vessels of day one, march 8th, ironclad wooden ship and would destroy all of the wooden u.s. ships read but it's different on march 9

the u.s. its allies are suspicious. is this the start of a new cold war for global leadership? this is inside story. ♪ welcome to the program. the u.s., europe, and their allies often portray russia and china as threats to global peace, they cite examples including rossa should build up along the border of ukraine and china scrapped down on human rights in hong kong. moscow and beijing accused the west of destabilizing their countries by imposing sanctions and interfering in domestic affairs. xi jinping and vladimir putin reinforced at that point in a virtual summit on wednesday. they pledged to cooperate on trade and security and to respect each other's interests. >> a virtual summit and show of solidarity, the president of china and russia spoke for more than an hour on wednesday, hailing their close ties. >> the world has entered unprecedented changes with the pandemic in the last century. china-russia relations have withstood the test. >> historical traditions of a mutual understanding hav

the u.s. would send more defensive materiel in the u.s.tify nato allies on the eastern flank. it also looks like the u.s. will join the minsk agreement's, bastad peace accords. the u.s. has not been party to this agreement and i think russia really wants the u.s. to join. it would be an opportunity to revitalize the discussions. when you read those statements, moscow and the united states want different things. the point that jumps out to me the most is that moscow is saying --they are engaging in what about is him -- whatabou tism. they are not taking responsibility. this crisis is far from resolved. hibatallah: i've --i'm sure you want to respond but russia has said the fears of russian invasion are unfounded. if that is the case, what are president putin's intentions over ukraine and what is behind the troop buildup near its border? victor: a massive, full-scale invasion of ukraine is not in russia's national interest. first of all, russia does not have the resources to maintain massive swaths of territory and people in ukraine for a lo

the u.s. air wars in the middle east. the explosive report directly contradicts claims by barack -- u.s. presidents and military leaders who praised the precision of the u.s. airstrikes. we will speak to reporter azmat khan, who personally visited 60 bomb sites in iraq, syria, and afghanistan to document the human toll of the air war. then we will look at president biden's plan to respond to the surge in covid cases linked to the omicron variant, from free-at home tests to deploying the military to help overwhelmed hospitals. pres. biden: how concerned should you be about omicron, which is now the dominant variant and it is country? it happened so quickly. the answer is straightforward, if you not fully vaccinated, you have good reason to be concerned. amy: we will speak to an emergency room doctor. and a group of haitian asylum-seekers have filed a class action lawsuit against the biden administration, accusing government of physical abuse, racial discrimination, and other severe rights viola

the u.s. economy, killing jobs and affecting millions of jobs, are we supposed to be nice to these folks? the country that is increasing emissions four times for every one ton we are reducing in the united states. madam chair, as the mad states lead the world in reducing emissions, the global community has increased tenfold for every time we have reduced. let me say that again. the strategy in europe is a great example and california is a great example. we can either follow strategies that work or continue to do what you all are trying to do, and manipulating technology, taking options away from innovators. at the end of the day resulting in higher emissions and higher prices. it is a flawed approach and it is irresponsible to continue in this direction. i yield back. >> without objection members who wish to enter opening statements of five business days to do so. we will hear from experts on the challenges and opportunities for international climate action as world leaders prepare together in

., and bill of the u.s. and that typically predates the civil war but there going to experiment with it and it explosive devices printed torpedoes and you can see a picture behind me, this is one of the torpedoes what it lod like an an explosive device in the waterways of the ship would cause to explode and then actually they were have designed and pass out summaries predict the use of a whole lot of experimental technologies and they learn to take risks, they are ready and a huge disadvantage. in the last thing the confederacy does, they issue this mark in the use experimental technology and it last thing they do is employ this that i write about, they are going to use those and literally pay people to sabotage and destroy commercial steamboats and other vessels pretty and i can identify at least 40 different kind of steamboats that they were able to destroy and potentially paid out out of the confederate government the money. the confederate congress has sanctioned this to happen. so now they understand so

the u.s.ays moscow needs to de-escalate tension on the ukraine bored. russian troops continue to build ahead of a potential attack. it follows vladimir putin's comments he warned about the neighbors in eastern europe. getting home for christmas just got a little bit harder. united and delta have cancelled around 200 christmas eve flights. united said in a jump in omicron cases is affecting the availability of the crew. delta blames that and the potential for bad water. bit coin has jumped to around 51,000 dollars touching the highest level in more than two weeks the largest crypto currency is benefiting from a risk appetite. the digital coin is up to 76% this year. it's on course for its third year of gains. and that's your bloomberg first news. we speak to sayad abikash and why his strategy is to stay short treasure risk that and long dollar. steady today after and all-time high in the u.s. market. this is bloomberg. ♪ >> we certainly favor value into 2022 over growth and are much more on the

on the u.s.as you were just mentioning, there's a desire to use these talks as a platform for further negotiations. on the iranian side, it seems that there's this intention to keep at least part of the achievements they have made in the form of nuclear advances. this round of negotiations has been testing the watchers to see to what extent these objectives are achievable. for this reason, i'm not so optimistic on risks. the two sides move from their current positions toward each other and that's the only way that the compromise can be found. otherwise, as i said, jcpoa plus demands that both sides have it. i don't see any prospect for a successful deal. anchor: is that the case? is iran demanding a jcpoa plus with extra benefits to keep some of its nuclear advances? >> no. definitely not. the iranians have lost hundreds of billions of dollars as a result of the u.s. violations of the nuclear deal, both hunter biden, trump, and obama as well. the iranians only began restarting elements of the nuc

u.s. special operations unit killed dozens of women and children. we will also look at the strikes in yemen. all that and more, coming up. welcome to democracy now!, democracynow.org, the war and peace report. i'm amy goodman. the omicron coronavirus variant is continuing to spread around the world, with cases detected in nearly 50 countries and nearly one-third of u.s. states. omicron's proliferation has led dozens of nations to impose new travel restrictions. beginning today, all international travelers entering the u.s. will have to take a coronavirus test 24 hours within their departure or proof they have recovered from covid-19 in the last 90 days. it's still unknown whether omicron poses more risk than other forms of the coronavirus, but top u.s. infectious disease expert dr. anthony fauci said sunday there are early indications it does not lead to more severe disease. the world health organization has so far not reported any deaths linked to the omicron variant. it's unknown if the

the u.s.resident says the federal government will cover the first month of cleanup cost caused by tornadoes. joe biden toward the devastation in kentucky. president biden: i have been involved in responding to a lot of disasters. you can see in people's faces that what they are looking for is to be able to put their head down on a pillow, close their eyes, take a breath, go to sleep, and make sure that the kids are ok. that is what people are looking for but a lot of hard work has to happen in the next three months for people to bring it all back. the government will cost 100% of the costs for the first 30 days. every single cost, the government is going to take care of. u.k. reports the highest number of covid-19 cases since the start of the pandemic and warns omicron will lead to an even bigger surge of infections. there has been a breakthrough at the nuclear talks in vienna. cameras will be able to film at a sensitive site. the issue had been a sticking point. zelensky spoke in brussels at

the u.s. has done, in terms of the u.s. role, the u.s.played a very harmful role in supporting this conflict at the same time as it is try to [indiscernible] certainly, the u.s. has a lot to do in terms of looking at the harmful nature of its support to the conflict in yemen and really try to reach -- having there. amy: in the role overall of u.s. in yemen and who youhink needs to engage in this investigation? we're talking about one of the world's worst humanitarian crises in the world. >> yes, of course. first of all, the u.s. is supporting the saudi-led military coalition. let's remember the u.s. is carrying out its own military operations in yemen, it's counterterrorism operations in yemen targeting what he describes as al qaeda targets, potential isis targets. so there have also been civilians killed in those strikes that we have reported to the pentagon. so the u.s. has work to do looking at its role in supporting one aspect of the conflict, but it al has work do examining and really being transparent about its role directly carryin

u.s. politics. our economy is going to move forward through creating jobs, providing opportunities, but also addressing the very costly impacts of the climate crisis. it appears now that we are poised to vote on a build back better plan that will help us combat climate change for all american families and, just as a summary of president biden just left meeting with the democratic caucus where he outlined a lot of the meetings in that framework. what we know now is that frame work will cut greenhouse gas pollution over a gigaton by 2030, reduce consumer energy costs, give our kids cleaner air and water, create hundreds of thousands of high quality jobs and advanced environmental justice by investing in 21st century clean energy economy, from buildings to transportation, to industry, electricity, agriculture, smart practices all across this country. it will help restore america's leadership role in the world. but we have a lot to do heading into glasgow. climate change is a global crisis. ac

u.s. global travel requirements taking effect today as new york city officials announce the most sweeping vaccination mandates in the country impacting virtually all private companies. tonight we go into the heart of a community under siege with the team coming to the rescue of a health system teetering on the edge here's miguel almaguer >> reporter: tonight with omicron now discovered in nearly 20 states, the mayor of new york city is implementing the nation's most sweeping vaccine mandate for all private employers. by the end of this month, those who work in person must have at least one dose of a vaccine unless they qualify for an exemption. >> we needed to do something bold quickly and get ahead of all of this. >> reporter: with new testing restrictions also implemented today for all travelers entering the u.s., our nation is bracing for omicron but already facing a disaster set into motion by delta. >> i used to wake up crying because i thought i was going to die. >> reporter: like 99

but at some point, after the u.s. intervention and after the u.s. troops arrived there, he was a key figure in establishing the anti-government insurgency in the province and he became-- he's an egyptian with links to al qaeda and he became the al qaeda liaison. and because he had a high profile, a well-known local figure. he become a flashing lights that the u.s. pursued for years, but the reality is, in retrospect. at no point was an international terrorist figure involved in plotting. you look at people at also an egyptian figure who was running around the province about the same time who indeed was involved in plotting external operation in the early 2000's. but he was operating without the military knowing about it. he kept a low profile and became distracted by another al qaeda figure who was not what we believed him to be or feared that he was. this whole dynamic played out again in the late obama administration, centered on an al qaeda figure, qahtani. and this is a guy who wound up ensconced in the mountains of the pech and the seals in may

the u.s. data seems to be overshadowing omicron fears. the risk of hospitalizations is lower than with delta. market sentiment the day before christmas is still cheery at the moment. you are seeing most markets slightly higher. we are dealing with than trading for the holidays. treasury markets are shut. we are following yields, higher overnight. you are seeing this move, given the record in the u.s., as omicron fears subside. taiwan boys for record close. we are hovering around 18,000 for the taiex. we are focusing on hong kong. tech is having a rally. we are watching some fx moves, sterling, renminbi. it was an interesting fix, 15 straight days weaker than expected. this goes to show that the efforts policymakers are doing to slow down the rally which continues, by the way, so is it enough with this policy diversions to weaken the renminbi? that is the key question. rishaad: yes. let's look at the u.s. the data did paint a pretty positive image landscape for the economy. consumer sentiment i

he talks about u.s. policy toward iran during a forum hosted by the jewish institute for national security of america. this is about one hour. >> thanks ambassador dermer. many of you know on the call, ambassador dermer joined us in july, distinguished fellow, after having some other equally important roles as ambassador for the united states to israel for about seven and a half years, before that, or a half years as senior advisor to prime minister benjamin netanyahu. he has really been in the middle of the middle of the arena when it comes to u.s.-israel relations, including on the iran issue, which is the subject of today. as many of you know, iran is -- i wouldn't say it is coming to a head but it is certainly reaching some sort of point that is becoming extremely serious. the iranians are getting very close or about that to what some defined as a nuclear threshold where they have enriched enough uranium to 90% for a bomb. people have different redlines over the years about what they wanted to preven

it shows u.s.pending went up 9%, which shows this is holiday spending, people just pulled some of their spending forward. if you look at some of the big winners of the holiday season, a big box store like target, their foot traffic was up during that same period. it looks like it is a volume story more so than just inflation and people paying higher prices for their gifts. kailey: i certainly do not think i bought any gifts this year on a discount for their were not that many sales out there. but obviously retailers had to manage their inventory for the holiday season carefully. a lot of them may be did not get what they wanted to get in time. does that now need to be marked down? jordyn: it depends what the items are. if it is going to be a shelf you will put outside, you will see that discount, but if it is a winter sweater, retailers will be smart about how much discount they can give. retailers are also smart on which days they gave discounts. super saturday, the saturday right before christmas

juliette: the u.s. senate has averted a government shutdown from a passing a stopgap spending measure which now goes to president biden for his signature. the vote followed a day of negotiations between senate leaders and conservative republicans. democrats agreed to vote on an amendment to block the biden administration's covid testing and vaccination mandate for large employers, an amendment that ultimately failed. new york state has reported 11,300 new covid-19 cases, the most since january, with dozens of hospitals nearing capacity. mayor bill de blasio says new yorkers should assume the omicron variant is spreading in the city. a visitor from minnesota who attended a credit convention last month has now tested positive for the variant. u.s. antitrust officials have sued to block nvidia's proposed takeover of u.k. based arm, saying the deal would harm competition in the semi conductor market. the ftc says it is acting to prevent a chip conglomerate from stifling the innovation pipeline from next gen

u.s. overnight and you are seeing their play out across the region. . india is still closed. we are going to see gains. rbis on deck today. following bonds -- foreign bonds were flat. we are stuck below the 1.8% on the u.s. ten-year, one level we are tracking. i will go back to conversations around the feds. yvonne: the risk assets trade roaring back. you wonder what was behind this, right? yes, there are mechanical forces at play, but some fundamental reasons, given what we heard from china at least, the second largest economy shifting toward using stance. that s&p was basically like we forgot that jay powell retired the word "transitory" and we are back to the levels we thought of -- saw before. we are focused on the evergrande story. maybe default or closer to it according to credit agencies. stock is down 3%. evergrande, we are lower. the index is not doing too much right now. we talked about that not stellar debut. not a good test -- sign with planning for a tech company out of china

an ousted u.s. senator and ally of the former president is now running against the top trump target. the state's gop governor. we want to welcome our viewers here in the united states and around the world. i'm wolf blitzer. you're in "the situation room." >>> let's go straight to the white house and our chief national affairs correspondent jeff zeleny who is joining us right now. president biden is facing very significant new tests with both russia and china. and there are now new developments unfolding on both fronts. update our viewers. >> the white house is announcing a boycott of the 2022 winter olympic games in beijing. not for athletes but for u.s. diplomats. they are simply not sending a delegation to beijing next year, calling out human rights abuses. this is coming on the eve of a critical phone call between president biden and russian president vladimir putin. they are searching for a diplomatic solution to the rising tensions on the ukraine border, but they're also talking about new tough

the u.s. other places. but that is their narrative. remember, this is a central bank that has shortened to inflation target for long period of time. i think for the reserve bank of australia, there are risks they don't want to take, because you don't want to have the risk of overshooting. haidi: is there a credibility gap, when you look at market expectations on when the tightening cycle will be? richard: credibility has probably quite a strong way of saying it. i think for the reserve bank, particularly the way that -- has caused consternation among market participants, they were supporting the official three year bond target and it ended prematurely and in a very disruptive way. so there's is always some skeptical questioning of central-bank forecasts and expectations. i think there is probably more questioning and expert missions, given the way the three year yield target ended. haidi: i wanted to get your views on china. this is a big week. we have inflation data as well as trade expecting

at least 10 u.s.ding to europe and another 20 that appeared to be crossing the atlantic. we cover our and renewables. how should we be interpreting this third day of plunging natural gas prices? >> we are seeing an increased number of tankers heading to europe. we have also seen your virgins from asia. ships making u-turns mid ocean. coupled with that, we have seen an increase of cargoes heading from russia and africa. europe is the most attractive model now for lng. dani: what did we make of president putin yesterday saying this is the fault of europe, clients not asking for contracts? not russia not wanting to give the supply. what do we hear about what accounts for the lack of supply for russia? is it just that the clients have not been asking for it and did not have contracts in place? >> european clients do have contracts in place. they are long-term. they set an amount of gas that has to be taken. there is a preagreed price that would make the price cheaper. a lot of europeans would take the gas

u.s.ed team can find one that fits you. visit consumer cellular.tv. >> johnson & johnson. bnsf railway. ♪ >> the john s and james l knight foundation, fostering informed and engaged communities. >> and with the ongoing support of these individuals and institutions. ♪ >> this program was made possible by the corporation for public broadcasting and by contributions to your pbs station from viewers like you. thank you. stephanie: i'm stephanie sy with newshour west. we'll return to the full program after the latest hdlines. president biden has put russian president vladimir putin on notice tonight, that the u.s. will impose strong new sanctions if russia invades ukraine. the leaders held a 2-hour virtual summit today. it came as russian troops have been building up along the ukrainian border. we'll focus on that high-stakes meeting right after the news summary. china issued its own warning today that the u.s. will, quote, "pay a price" for a diplomatic boycott of the winter olympics in beijin

the u.s. food and drug administration has approved emergency use of the first oral medication against covid-19. the pill was developed by pfiz and is marketed as paxlovid. in a clinical trial, the drug cut the risk of hospitalization or death by nearly 90% in people who received it within five days of the onset of symptoms. the drug is in short supply and will initially only be used treat people 12 and up who are at high risk of severe disease. meanwhile, u.s. hospitals are warning of shortages of the best widely-available covid-19 treatment. monoclonal antibodies can dramatically cut the risk of severe illness or death, but two of the therapies available in three the u.s. appear to be useless against the omicron variant, with only one, produced by glaxosmithkline, able to neutralize the virus. here in new york, coronavirus infections are skyrocketing ahead of the christmas holiday. governor kathy hochul announced nearly 29,000 positive cases on wednesday, another record daily toll and a 30% j

u.s. troops were sent to remote places rotation after rotation, achieving so little yet with great cost in terms of blood and treasure. and the going to look no further than the details, and you're deeply researched account of american troops in the pech. when you were a 20-year-old freelancer and and you look about 15, i wonder what is his child doing in the war zone, so what made you want to be a war reporter? >> thanks, emma. i remember our meeting for vividly in the green zone in 2008. i was always interested in wars. i was a military history nerd growing up and then september 11 happened when i was in eighth grade and kind made all current and real. so from then on my goal was to get over and see these conflicts. the obvious path would've been going to military. i started rotc when i got to college but then thanks to an opportunity presented by general david petraeus, was able to start going to iraq and then quickly shift to afghanistan as a freelancer during my summers and drink some

u.s. futures .1%, -- up .1%. we have the 10 year yield also advancing to the 143 level right now. trading at this level in the futures market. when we are looking at the japanese yen, falling against the u.s. dollar. there are some safe havens, moving ground. at the moment, continuing to rise above $59 a barrel, this is as we had realized the gains in the new york sessions after saudi arabia boosted the price of their crude. signaling optimism about the demand outlook. it has been about china giving the economy a double dose of growth, boosting policies. that will be felt across all markets. the bank required ratio, also it has seen that property curve being east a little bit. that is i we saw the deepening of the slowdown in the housing market. let us discuss with kathleen hays. we have the pboc, the meeting, moving in the same direction. >> there is no doubt that this looks like a powerful orchestrated move. the chinese government officials involved in this got together and decided this

u.s.reme court hears arguments in the most significant abortion case in a generation. the first case of omicron is found in the u.s. as the world scrambles to contain the spread of the variant. u.s. and allies carry out drills off the coast of japan in front of a very important audience, china. >> we are 500 km off the coast of japan on the island of iwo jima. laura: world aids day. we go to liverpool to remember those who were lost too soon. ♪ welcome to world news america on pbs and around the globe. the u.s. supreme court has been hearing arguments today in the most important case on a potion rights and half a century. mississippi bans abortion after 15 weeks. conservative leaning justices seemed to be minded to uphold the mississippi law and that would be a devastating blow to abortion rights activists. our correspondent sophie long reports. sophie: antiabortion activists gather outsid the last remaining clinic still providing the procedure in mississippi. >> murdering children is wron

the u.s.nomy. even more tragically, more than a third of these deaths have occurred since the last covid vaccine became widely available to us in the u.s. and most highly developed nations. 40% of people around the world have not yet received even a single dose of a coronavirus vaccine. that is 3 million people who remain at far higher risk than they should be. some of these 3 billion are those who have been unwilling to get the vaccine. the select subcommittee held a hearing on vaccine hesitancy earlier this year. we continue to examine the process and seek solutions to increase vaccine uptake. many others remain unvaccinated, however. many others who remain unvaccinated, however, have been among those who have been unable to get the vaccine because it is unavailable in the countries where they live. many countries around the world have received an inflection of those in the united states and elsewhere in the west have. 56 countries, largely in africa and in the middle east have been able to

u.s.. omicron concerns radel stoxx but treasuries hold steady. the pboc surprises markets with its most substantial move yet. delivering for christmas. we are live from the uk's largest automated warehouse for the latest on the supply crunch. good morning to you. happy friday. we start the morning with breaking news volvo cars. it's all about a new plant and a battery partnership they are forming with north voltage, $3.3 billion. it's a battery partnership specifically. they will confirm the location in early 2022. again, this is a large-scale battery plant in europe. really ramping up the ev battery making in europe. elsewhere, it is friday. congratulations. you've made it to the end of the week. it ends in a bit of confusion. soul-searching is the word used by cathie wood to describe what has happened recently. small caps selling off yesterday. what do you do if you have a portfolio strategy that relies on the success of highflying tech cap names? here's what cathie wood's had to say on

the u.s.reme court leaves a controversial texas law banning most abortions in place but allows a challenge by providers to go ahead. julian assange can be extradited to stand trial in the u.s. a morning that the omicron variant could be the dominant strain in the u.k. within a week. a governor minister said the situation is worrying. a singer and guitaristh the band the monkees has died at the age of 78. hello and a warm welcome if you are tching on pbs in the u.s. stay with us for the latest news and analysis. the u.s. supreme court has allowed abortion providers to challenge a near-total ban in texas. the restrictive law remains in place but the majority of the justices on the conservative leaning court agrees lawsuits filed by abortion providers in texas should provide in federal court. l's talk to our correspondent joininus now from washington. tell us what exactly this ruling means today. >> it is a minor victory for abortion rights providers because it removes a hurdle for them. the texa

iran is not a threat to u.s. soil. as you were saying, israel and other u.s.ers are very key elements in all of these sort of perceptions of threat and negotiatis and u.s. part stri toward -- posturing toward iran. we know the israel was fighting against the negotiations and a deal would president obama was doing diplomacy with iran, but he did not succeed. later he succeeded in pushing president trump to pull out of the jcpoa and now, interestingly, we are hearing from former israeli officials, not yahoo! -- netanyahu's previous government thisas a mistake, that pulling out of the deal was a mistake. that was a good deal because ran essentially agreed to put limits on the nuclear limits and now they are escalating the situation. there's no better deal to replace it. as you mentioned and amy, there are lks of these really officials trying to push the united states to take military action against iran and potentially target iranian nuclear sites or iranian interest. i am not sure how much of an appetite there is in the white house for that form of direct milita

nio as a u.s.mpany, do you have any plan to shift your listing to hong kong following in the footsteps of others? william: we hope political issues won't affect much of our company's growth, and we will abide by the local laws and regulations. charlie: are you considering to list yourself in hong kong one day? william: anything is possible. charlie: you mentioned nio will enter 25 countries by 2025. can you give more details? when you plan to sell cars to the u.s. market? william: we have set up a research department in san jose in 2015 with hundreds of staff to develop our global product. we started fiercely considering the north american market since 2017 by making our products more competitive. of course, we are still working on the plan. we will enter germany, sweden, denmark, and the netherlands next year. and more european countries the following year. our international strategy has always been making long-term plans and staying patient. dani: the nio ceo and cal -- co-founder saying the firm

and that's what the u.s.ecretary said. >> i share the view that it will be extremely serious if russia were to take that action. it would be a strategic mistake and there would be severe consequences for russia. and what we're doing this weekend is working with like-minded allies to spell us out. >> reporter: this g7, a relatively new in the job of foreign minister seven -- rather, a couple of months now. but also foreign ministers here from japan, from canada, and the pressure, most newly minted from germany, secretary of state antony blinken meeting with her yesterday. u.s. president biden also speaking with the new german chancellor schulz. and overnight talking to her opposite in germany. why, because if economic sanctions are going to be placed on russia because of an incursion, germany will be front and center on that. so seeking early alignment with the new government in germany. but in here talking not just about russia, about china, about afghanistan. only the pressing issue right now, the talks unde

the u.s. military, as you know, is getting ready for transitioning of u.s.doctrine away from the physical destruction of the enemy's order of battle toward shaping the adversary's behavior and perception, trying to win in the cognitive realm as opposed to annihilation of forces. the u.s. military is transitioning towards this new information form, but i don't see u.s. defensive capabilities getting ready for the risk that adversaries will do onto us as we are preparing to do unto them. and that is crazy, right? given chinese and russian doctrine that i alluded to earlier, it makes no sense to focus only on ongoing coercive -- i'm sorry, ongoing corrosive campaigns and ignore the risk that hybrid warfare techniques, for example, that elisabeth wrote about, so eloquently, might be adapted to very different circumstances of coercing u.s. behavior. mr. ferrari: yes, thank you. i will pick up on the point on how it is affecting the u.s. military. if we were to say couple of years ago that china or russia could reach into the u.s. military and eliminate 5% of the

the u.s. senate clears the last major hurdle to raise the debt ceiling, the legislation could pass as soon as this hour. haidi: let's get you straight to the start of trading. we are seeing weakness across asian stocks, just following that weakness we saw overnight in the u.s. traders are halting a little bit, given we do still have all of this uncertainty over the new virus variant. also getting key u.s. data inflation numbers. we are seeing traders staying on the sidelines ahead of that. we are looking at weakness as we get that trading here in sydney. new zealand, up .5%. also seeing pretty flat trading at this point when it comes to the start of the day in japan and korea. shery: take a look right now at what is happening with u.s. futures. pretty much flat as you said. really not much movement. this after stocks fell, bonds rallied in the new york session, we have seen consumer leading the declines as concerns of the omicron variant and their economic cost. that for -- that selloff in ris

the u.s. and the japanese empire, it is hard to see how the two countries could have avoided a war. i don't necessarily mean that pearl harbor in the way, shape, and form it transpired was necessarily inevitable, but some american-japanese war for mastery of the pacific. and i think we can identify the point of no return. beyond which there was no real avoiding a conflict, and it's the month of june 1940. so consider this kind of a short fuse analysis of pearl harbor leading us up to the event oh for the last 18 months or so before it transpired. so in that month, the people i normally write about, the germans, overran france and the rest of western europe in a lightning campaign that the u.s. military establishment is still studying to this day. now, the president of the united states at the time, franklin roosevelt, was a liberal internationalist to the core. a believer in the sanctity of treaties and international cooperation. he was not, and maybe some of you may disagree, and that's the b

i am talking about moderna and pfizer -- moderna, the u.s. gave billions two, pfizer, the u.s. promised to purchase so much about corporations among others have made billions and yet what can the u.s. do to ensure that these vaccines can be made in other places like requiring that moderna release the recipe? still, they will make a fortune. what has biden not done that would allow people to have access to these lifesaving vaccines? >> i should say that europe's record is worse than that of the united states. biden has made some effort, but the wealthy countries have not, including the united states, or n primarily the united states, they have not taken measures that are within their capacity to ensure that other countries that have the resources toroduce vaccines will he accessot only to t products, the vaccines, but also the process of manufacturing. should recognize the wto rul, instituted mainly in the 1990's largely under the u.s. initiative, they are radically protectionists, radically anti-free market. they provide protection for major corporations, big pharma, not only fothe prod

u.s.? and if not why not? >> i struggled with the title initially. first i began imagining the book it was just cuban : history. but someone convinced me that i needed something a little more provocative. else suggested cuba -- in american history. when i first heard it i resisted it. i said to her at the time, the price for admission into the history of cuba could not be whatever episode or character or something to do with the u.s. there should be no u.s. price of admission to human history. i was also worried about turning over in his grave a little bit. as i kept working on the project i came to the conclusion he would really appreciate this title. one of the things i really like about it, as it is a little unsettling. you do not know what it means. that's kind of what i wanted to do with the book. i wanted to shift the ground a little bit underneath the reader. may be questioned what they take for granted. heartache a little less for granted. i think the title does that. that is one t

u.s. stocks hit an all-time high on optimism omicron will not hamper the recovery. market study amid fears of trading. united and delta airlines cancel around 200 christmas eve flights due to personnel shortages. gas prices plunged as more ships carrying u.s. lng race to the continent to offset russian supplies. good morning on this december 24, 2021. let's check in on the markets after another record stateside on the back of easing concerns about omicron and the severity of that variant and also more solid data coming through from the u.s. in terms of jobs numbers, durable goods, even though there is caution about consumer spending and how inflation continues to eat away at households drive power -- dry powder. europe is moving with the caveat volumes and liquidity's are thin. markets like germany, italy and spain closed. gains are range bound across the stoxx 600. euro-dollar at 1.13. sterling is at 1.34 and brent crude is lower by a little over 1%. wti not trading in the session. we can