it was mentioned the u.s. and china did agree on climate, methane emissions and omissions and general, so you do see a little bit of easing of the tensions between the u.s. and china. you still see other tensions in places like taiwan, so a complex relationship. romaine: complex to say the please. the tension still stand. some would say the relationship today is worse than the trump administration. the new trade representative, how involved has she been with her chinese counterpart? >> she has had a number of meetings with her counterpart. she told reporters she thinks this meeting between joe biden and xi jinping would be good for trade. she acknowledges that there are tensions between the two countries she wants to bring down. there is discussion about the trade deal and china's ability to uphold its end of the bargain purchasing u.s. products. you made a great point about continuing the trump administration policies. in washington, there is a since the u.s. needs to be aggressive with china and beijing. thi

if the u.s. were to do it, about, let's say the maximum as a one-off, they can do 30 million barrels. prices will come off. china is going to come and buy. back in 2011, after the spr, we were down just for four days. it's a temporary measure. it's going to be a short-term measure. it will not solve the problem. stocks are very low. we ultimately need more supply, investment, investment in the upstream that gives us more supply and that's not coming. dani: so, it's not coming and there's some question over whether we get that strategic release. there's some question over what impact that would have in curbing oil prices. how high could begin this market? francisco blanche, who continually says we are going to get $100 plus oil,'s new estimate is $120 by june. where are you seeing prices go to? amrita: look, we have always probably been on the bullish side, and for structural reasons, because we have been highlighting this supply mismatch for some time. we had $87 brent for next year back last yea

the u.s. thou to work together to cool down the planet in a surprise joint statement injecting fresh momentum into the last days of cap 26. and elon musk cells additional tesla shares. he's now collected more than $5 billion in just days. welcome back to london, dani burger. let's get to some of the breaking news we have coming across the bloomberg terminal. some results from merck, third quarter net adjusted sales 4.90 7 billion euros. they are talking about adjusted earnings-per-share of 2.4 euros. dani: i am back, ready for the break. the industrial giants, for them may be a little bit more positive than it was. a slight rise from 2022 margins after profit beat. seeing revenue growth at 5%-8% for next year. something analysts had expected and that definitely played through, the group was able to cope well with pressures coming from the supply chain shortages. that means their net income of 6.7 billion euros for the financial year that ended september 30, that means -- beats the consensus of

we see first signs of wage price spiral in the u.s. we believe that in the u.s. inflation is more sustained than in other parts of the world. >> so maybe a more transer to inflationary picture here in europe versus the u.s. when it comes to 2022 as we factor in supply constraints. you can read more and it is worth doing so in today's big take. that's on your terminal or bloomberg.com. coming up, it is appropriate to discuss the pace of taper. the atlanta fed president said he'd be open to a faster one. more from our exclusive interview next. this is bloomberg. ♪ >> i think there are good argumenting to be made that we should be considering how fast we execute the taper. there's a lot of uncertainty in the market, inflation, as you noted, is at a very high level. i think it's important that if we need to be moving interest rates that we get the taper out of the way first. so a faster taper would certainly give us more optionality as we move into 2022 and see where the data takes us. so i definitely think it's appropriate for us to be talking about the pace of ta

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. opening to foreign travellers from today. let's bring in our first guess this morning, senior strategist from vander research last week from a central bank perspective it was a big week. we had the federal reserve go ahead and announce the givening of their tapering, as expected the bank of england not expected with the dovish stance in the wake of those decisions have you adjusted your thinking around the market narrative at this stage >> we went into the central bank meetings holding a fairly dovish position across the board. we expected the markets were anticipating too much tightening from central banks and the tightening fears had been allayed last week, especially the bank of england. so the read is one we want to be across the board we see a number of risks we see a short squeeze in european bonds so bond yields in europe moving lower that creates a picture for risk and high beat assets, including u.s. growth and growth stocks in p europe we expect that to do well in portfolios

the u.s. and other nations falls short. jamie dimon says his bank is likely to outlast china's policy. will it affect their business? that is a more important question for jpmorgan morgan. three rate hikes by the fed next year as we look ahead to that data deluge later out of the united states. even the's, i.p.o.'s and some expensive soflt ware names as well. you can see a leg lower for that section of the market. hedge funds settling down. is this healthy? is it a sign of the market adjusting to a higher rate environment? will it be sustained? let's check in on the marbles. red on the screen for asia for the third day. japan opening after a national holiday. the nikkei is down by more than 1%. u.s. futures looking flat with a mexicoed close yesterday. currently at 162. yields slightly lower. consumer and durable goods as well. prices higher by almost .2% for brent crude. around the release of reserves. we wanted to focus in on new zealand's currency. hiking rates yes but by .25% bringing the

i think the u.s. wants to show they are engaged with democracies around the world as a counterbalance to china. >> anthony zurcher, thank you. staying with u.s. foreign-policy, and sending -- as anthony said now, america's secretary of state is in africa and has extended the decision to suspend ethiopian access to a lucrative u.s. trade program. mr. blinken sat down with our senior background forgot -- africa correspondent and sawyer. >> what is your prognosis of the situation? anthony: -- >> there is a real risk if this continues. if all sides continue to believe there is a military answer to their problem, then, we really whisk -- risk seeing violence increase, suffering increase, and, in chile, -- potentially, the state, ethiopia, pulling apart. so, this is of deep concern not only to us but many countries in the region and around the world >> you have applied pressure by denying access to the u.s. market by ethiopia. but aren't you aiming at the wrong target? the people who will suffer, tens of th

u.s. intelligence has detected a buildup of russian troops to prepare for a rapid, large-scale push into ukraine. we will have the details. good morning. the simplicity of the rise in cases across europe versus the difficulty, the complexity of the policy response. i want to show you the rate of infections across the eurozone. the infection rate, the death rate, and the impact on the health care system across the continent leading to these measures across austria, the netherlands, germany, to try and combat record infections. seven day average in cases in europe, 250,000, the rest of the world is 80,000. this despite the relatively high level of vaccination rate. we will get more details from maria tadeo on the policy response, but i wanted to visualize what has triggered the kind of action we have seen from governments in the euro zone. that is pressuring the euro. we will look at that shortly. picking up on china, the csi 300 and focused today, gains on the mainland after the pboc put ou

and the u.s. the mastercard ceo told the forum that the labor market recognition that has become known as the great resignation may stay for some time. he says have competition in industries in great demand, such as hospitality and health care and finance. he says staff a.i. and, digital identity or separate case skills know that they can do better -- cyber skills know that they can do better and that is why they are looking elsewhere. 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. yvonne: we are live at the bloomberg new economy forum in singapore. haslinda: is with our next guest, focusing more on vietnam now. haslinda: vietnam, e.v., climate. our next guest is from vin group, whose automobile unit plans to start selling electric vehicles in the u.s. and canada and europe next year. let's bring in laity to tie -- laid the two -- let's bring in le thi thu thuy . so

the u.s. has accused china of economic and defense provocations that include disrupting global trading practices that hurt american businesses. more recently, stepping up military incursions near taiwan. president biden said recently the u.s. would defend taiwan in any conflict. in tuesday's summit, he also told the chinese president the u.s. was committed to a one china policy, and opposed any change in taiwan's status. xi jinping referred to biden as an old friend, saying china and the u.s. need to increase communication and cooperation. >> china and the united states should respect each other might coexist in peace and pursue cooperation. >> respect between the two countries has been challenging. the u.s. alleges china's government is mistreating chinese moves looms -- muslims and has protested the crackdowns on pro-democracy demonstrators in hong kong. joe biden's popularity is sagging domestically, but he went into his conversation fresh from a legislative victory, signing into law one po

the u.s. plant in the forecast of 2022. they will begin mass production in the second half of 2024. the $17 billion chip plant was much awaited. we heard reports that this was happening. this would be the second chip factory in texas. this coming at a time where we continue to see this rate to extract -- expand chip manufacturing in the united states as we continue to see that pressure on the global chip shortage for every sector out there including automakers. samsung sees this just outside the existing austin base. this plant will help propel u.s. chipmaking and we are getting that confirmation that the outflow will begin in 20's when he four. we will be watching -- in 2024. we have seen gains for three consecutive sessions already. >> we are seeing oil futures rising by the most in two weeks after this landmark plan. the announcement from president biden about the release of auto reserves shortly after that announcement, the president called out gasoline supply for not passing on savings to

we commend the u.s. for taking the lead towards accountability, and we also urge the european union and other governments to take similar restrictive steps to help surveillance companies accountable. anchor: focusing on ways to finance fight climate change. >> the united states intends to fully support the climate investment funds capital markets mechanism. there and innovating -- through an innovative leveraging structure, this will help attract significant private climate finance and provide $500 million per year for the clean technology funds programming that includes the new accelerating coal transition investment program. anchor: the leader of a gang is asking the u.s. to help overthrow the government. demanding the prime minister resign. >> at the cost of blood, we are going to dislodge him from the office. afterwards, the country will be handed over to men and women of civil society who will have to govern responsibly. anchor: we have more from port-au-prince. reporter: that was nothing short of a

the u.s. and japan may tap into reserve this week into -- in a bed to rein in prices. that's a bid to rein in prices -- a bid to rein in prices. how we are starting debt hitting the start of trade in sydney. we are seeing nervousness potentially when it comes to sentiment in asia. the changing of the guard at the fed and hawkish central-bank action is expected this week with the bank of korea expected to rise by at least 25 basis points. this is where we are seeing a little downside. we are watching out for qantas, the loyalty program. australians are burning through 7 billion of those frequent flyer points over the last several months. potentially a new flight route from qantas this morning. trading up 7/10 of 1%. more tightening from the central bank. it looks like we will see a flat start to training going into the start. s&p futures up by about 25% 1%. we are watching the kiwi dollar. it is set to rebound. to put a stop to the selloff we saw earlier in the month. the aussie dollar is tradi

in the u.s. government must harness the power of free markets and be champions of free markets as we re-examine regulations, trade, intellectual property protections the means avoiding mandates and atrocities we live in an era were even in the depths ofnd a pandemic, companies large and small have voluntarily committed to carbon neutrality by theco midcentury pretty good governance should empower the companies to c achie their goals not pursue heavy-handed top-down mandates that drive up costs and reduce options. not just in the u.s. but rather world. and with respect to greenhouse gases, we needd to remember the data matters, coal oil and natural gas are in is visible to the global energy system in the global economy. in 1931, coal oil and natural gas fueled a 6 percent of the global energy supply and 2019, this decrease only slightly to 81 percent. i'm a championing of an renewables and i'm very proud of the fact that renewables have been able to grow the united states and over 11 percent last

to return as a u.s. citizen. kristen: for returning u.s. citizens, what is the requirement? is there a test, vaccine proof? scott: it varies depending on your vaccine status. if vaccinated, you go by the old rules with three days before your trip to the u.s. where you take a test and show that to the airline officials. if you have not been vaccinated, that window decreases to one day in order to fly back to the u.s.. this is one way to not only encourage folks to get vaccinated, but try to make sure everyone stays as safe as possible and prevents further infection. kristen: a few countries are going further. israel, morocco, japan, outright banning all foreigners. that is a move we have not seen since early in the pandemic. scott: these broad travel restrictions are taking place in a handful of countries. most countries are in wait and see mode. as scientists explore how bad is omicron, what does it look like and what impact does it have. for the most part, if this new variant plays out like delta, we ca

citigroup's u.s. head of consumer banking joining us to talk about the banking giant's strategy in this space. he just moved over from europe and asia to the united states. we will get a global perspective. that is next. this is bloomberg. ♪ ritika: this is "bloomberg markets." coming up, dana peterson, commerce board chief economist. this is bloomberg. ♪ president biden is facing pressure to decide how to address the surge in gasoline prices. officials will be looking at new energy price data tomorrow. opec+ has ignored requests from some of the world's biggest oil consumers, including the u.s., japan, and india, to increase supply to meet elevated demand. the pentagon has increased orders for specialized chips used in gps dependent systems. israel is set to allow some tourists to enter the country even if they haven't had booster shots, according to the country's health and tourism minister. testing will be required. each group will remain in a so-called capsule and be kept away from crowded are

this was a bank recently valued at about 9 billion u.s. dollars. discontinuing their u.s. operations. if we get more, we will bring that to your attention. by the way, metro bank, one of our stocks to watch, falling 20% after talks with carlisle came to an end. coming up, we have been speaking to noel quinn at the new economy forum in singapore. we will get his views on inflation, and of course china. this is bloomberg. ♪ tom: welcome back to the open. we are 11 minutes into the european trading day. futures in the u.s. pointing .2% up. the trend of the global economy has been a key theme on the second day of the bloomberg new economy forum. earlier, we spoke exclusively with hsbc's ceo and got his views into u.s.-china relations and of course the inflation space. >> the world's economy is recovering. it is recovering well. there are tensions in the supply chain. we should not be too surprised by that. we went into past reserves. we are now going to fast-forward. there will be friction in the supply chain for a period of time. we take it as a positive that the economy is

and above all threaten the u.s. public and senior decisionmakers that unless the united states backs down on the crisis and bails out on our allies, then we'll face catastrophic cyberattacks against the power grid, water systems, and other critical infrastructure on which public health and safety depend. chinese military doctrine and capabilities focus on achieving just these coercive effects. last week, john, you know, the pentagon released its annual review of chinese military developments. let me quote from that report. the people's liberation army seeks to employ digital influence operations, that is overt and covert influence activities conducted through the internet and social media platforms during peacetime and war. elisabeth, this goes to your important analysis of understanding the dark gray zone, but also hybrid warfare, how from peace time to war, across with the joint staff called the conflict continuum, we can expect information operations to go forward. giving a conflict we should expect china to cond

>> u.s. department of defse has a larger annual carbon footprint than most countries on earth, and it also is the single largest polluter on earth. amy: today we look at the seldom discussed link between u.s. militarism and the climate crisis. the u.s. military is one of the world's largest greenhse gas emitters and the world's biggest consumer of oil, but milary emissions have been exempted from international climate treaties for decades. we will speak to two u.s. veterans. >> it is absolutely imperative that winclude u.s. military emissions in the overall acunting ogreenhouse gases emitted into the atmosphere, even if it is politically inconvenient to do so. amy: plus, we speak to stella moris, the partner of julian assange. she is in glasgow highlighting wikileaks's role in exposing the hypocrisy of wealthy nations in addressing the climate crisis. >> julian should never be extradited because he was doing his job as a journalist, being criminalized as a journalist. amy: all that and more,

it would shape u.s. behaviorukre russian bombers are flying over belarus airspace near the polish border. so i guess that ongoing coercive fos get ready for information operations des divid the rest and discourage us from coming to a of those that we nea recommendation that has been offered in their respective studies offer a terrific foundation for defeating coercive operations. much more remains to be done. i look forward to discussing those options. elizabeth, your ideas on deterrence and the minutes to come. thank you. >> i would like to now invite elizabeth to share her opening remarks. >> thank you. if i can just add to what paul said, he has written the most important study that has been written of about primarily electricity, but it may seem like an irrelevant question until we don't have electricity. i want to talk about is what daily life looks like first citizens in western democracies. so if we look at the situation in poland and lithuania as we speak, there is what we call the migrant crisis

and u.s. for 600 days and yet here we are, excited and celebrating the ability to help businesses and consumers and families unite. the macroeconomic situation is challenging. inflation is high, fuel cost is high, pent up demand is very good and being able to have made committees and radical transformation during the pandemic sets us in good stead for the next few years. guy: the conversation i have a day in and out is about supply chains, freight rates are superhigh, trying to get stuff around the world is difficult. it has been probably the most pivotal factor in keeping the airlines going during the down search -- surge. how does the mix change as you start to reintroduce passengers to the airlines? shai: and innovation and the ingenuity of our team. in march 2020, they started immediately with cargo only flights. using passenger planes, in the belly. sometimes we put stuff on the seats themselves, but overall in the belly, and that continues. it is true there is a dislocation right now, co

the u.s. seeks dialogue with beijing as concerns mount over china's growing nuclear arsenal. haidi: let's take a look at how we are setting up here on the start of market trading in sydney. sophie: we are seeing little change, though, but we could see downside pressure. we are watching evolution expending to copper. rio shares also worth watching, but potential commodities downturn has ing warning of downside risk for the aussie dollar pulling markets below that level thursday and we are keeping and i -- keeping an eye on briscoe steel as well. we are seeing it off by about 1.5%. the kiwi dollar holding steady just ahead of a reit on inflation expectations. checking in on the offshore you on, holding below 6.38, closing in on 18-week highs against the greenback -- checking in on the offshore yuan. shery: we have a full lineup for day two. noel quinn sharing his plans for hsbc in asia and we discussed it covid will help government recognize the importance of pandemic readiness. bill gates share

bit stamp u.s. ceo bobby zagata is here in a fox business exclusive, and restrictions, one of the nation's biggest banks slapping a new rule today on its brokerage clients, they can neither take long or short positions on certain cannabis stocks. which ones can they buy and what does it all mean for weed wonder tilray here in a fox business exclusive we'll ask him , plus, major questions at this hour about how eight people could have been killed at a travis scott concert in houston, on friday. we'll take you straight to the lone star state for a live up to the minute breaking detail on the astroworld festival tragedy but first we begin with a fox business alert yes the infrastructure relief rally has investors piling in, all that's left now is president biden's john hancock. late friday, the house finally passed the $1.2 trillion bipartisan infrastructure bill, to package with specific sectors already moving on the cash coming their way. specifically, the package includes $7.5 billion for the creati

the u.s. announcing restrictions on travel to here from south africa where the variant is spreading experts troubled by the large number of mutations. while there are early indications it could be more transmissible than previous variants, it is not known if it is more deadly and if it can weaken the effectiveness of vaccines uncertainty rattling financial markets today as the u.s. averages 90,000 new covid infections a day. in a moment, some of my conversation with dr. fauci about the omicron variant. but first, gabe gutierrez with the latest >> reporter: tonight concern over a new highly transmissible covid variant first identified in south africa is rippling across the globe the white house imposing new restrictions on air travel from eight countries starting on monday a world health organization panel has just named the strain omicron and classified it as a variant of concern. >> this variant has a large number of mutations. and some of these mutations have some worrying characteristics. >

here's what u.s. president joe biden had to say about the outcome of virginia's gubernatorial race. >> i think we should have passed before election day, but i'm not sure that i would be able to have changed the number of very conservative folks who turned out and the red districts who were trump voters, but maybe, maybe. >> while losing the top offices in virginia, a state mr. biden won by 10 percentage points last year, is a demoralizing defeat for democrats. and as cnn's jeremy diamond reports, it sets the stage for the midterms. >> reporter: well, there is certainly some soul searching even hand wringing at the white house on wednesday in the wake of democrats' big loss in the state of virginia. the democratic gubernatorial candidate terry mcauliffe losing to republican glenn youngkin, and some here at the white house and in democratic circles seeing warning signs for the midterms, which are just a year away. we did not see, though, that kind of soul searching from president biden on wednesday. he

u.s. and a number of other countries are releasing reserves from strategic petroleum reserve's. opec returned on that, concerned about a surplus in the market. seeing the surplus expanding by 1.1 million barrels per day. some delegates indicating that the planned output hikes for january might be canceled when opec+ meets next week. so a lot of interesting words are being exchanged. shery: also, interesting words from jamie dimon that clip on china. . we are watching for reaction from beijing. so far it has been really quiet, but the jp morgan ceo already walked up his comments earlier that jp morgan would outlast the china communist party. $20 billion of exposure there, is not that surprising. paul: yeah. let's talk more about the fed minutes. flexibility was the buzz word. officials stressing they should be able to be quick on their toes when it comes to shifting the case of tapering, as well as the timing of rate hikes. let's take a closer look with our reporter stephen matthews. reason

the u.s. and e.u. pledge to cut methane emissions although china and russia held out. 100 countries back to u.k. led declaration into reversing deforestation by 2030. president biden says china was mistaken -- to miss the u.n conference. he said they missed an opportunity to purchase paid in global leadership. chinese president xi jinping addressed the cop26 remotely. ?g said that russia andotely. saudi arabia leaders should have attended. facebook -- says it will no longer use facebook -- f ace recognition over privacy concerns. meta says it needs to weigh benefits against growing worries about the technology. facebook has used facial resignation since -- recognition since 2010. it says it will delete the one billion photos it has collected. 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. yvonne: thank you. we are hearing that the billionaire founder of bytedance has steppe

u.s. equities in the short term if people think the fed can get behind one another to bring forward a rate hike. that is a bigger question for further down the road. rishaad: whether the short end of the curve should be responding but i want to move what is going on elsewhere. speculation being dampened down on china on the fx side of things. looking at the yuan as well. >> it is not that easy. there may be concerns it is very strong. it is very strong on the baskets at the moment. they may like to see at a little bit weaker. to some extent, it is out of their hands. china's trade position is so strong, it means there exports to the u.s. are buoyant. the flows of money coming back, we can see the monthly transaction, the conversion rate is still high. companies are still bringing their money back to settle into the yuan. there are still suggestions other companies are holding back, they are not converging a needy at lee. as soon as there was a weakness, they would want to convert. that wou

the u.s. does alone, not. but if the u.s. does it with other nations, perhaps. the difference is that opec-plus think they are going to counteract that by possibly reducing production. this is setting up quite an interesting dynamic. tom: the president to tap the strategic petroleum reserve with other nations. that is a key item here. it's got to be coordinated to have any price function. kailey: the question really is what is the sum total of the coordinated move going to be. india is only looking at 5 million barrels. just think about the additions opec+ has put in over the last month. is 4000, 5000 barrels a day. the question will be what is the size. it is going to be in parallel with china, india, japan, and u.k., confirming what we already had been signaled. you have five nations doing this together. how much is that actually going to be? tom: do we see a moving oil? i can't tell. we are down a dollar on west texas intermediate. lisa: you saw a little move lower. we are near the lows of

u.s. to adopt when it comes to u.s.-china. it comes to taiwan, though, the world has a different view of taiwan than it does of hong kong. there is great anxiety. the potential of a clash between the two is real as far as he is concerned. so we will have to watch what they do. shery: it was one virtual summit that really doesn't change the long-term picture. you need to have a better strategy for both sides to come together. this coming at a time when we continue to have all of these other issues in the background as well as supply chain disruptions and inflationary pressures as well. haslinda: communications need to be kept open. they talked about how they want janet yellen to keep talking, communication has to be open. today there will be a discussion on emerging power. we have a minister of india who will be weighing in on the issue, coming as the backdrop of tensions between india and china as a border going on, and the clashes remained. shery: what to expect the rest of the day as we

the u.s. lawmakers really have to be careful here. because, yes, taiwan is one of those rare issues in the united states that unites lawmakers across the aisle, rub cans and democrats seem to be rallying in support of taiwan and shared disdain for china which is becoming an increasingly assertive and aggressive, some might say, competitor and also has had a lot of bad p.r. as of late, and the saga of the tennis star who is believed to have been disappeared and silenced, peng shuai, even though she is paraded around in what are propaganda videos. taiwan is a red line for china, isa, which makes this tweet from representative nancy mace upsetting. i'm on twitter. we couldn't get it to load. it said, just touched down in the republic of taiwan. there is no republic of taiwan. it's called the republic of china. it's known as taiwan colloquially, but when you say republic of taiwan, that would be tantamount to taiwan declaring its formal independence which even though it has its own military and de

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

it seems like the u.s. cpi chopped the market midweek another we have a hiatus on on markets and the reopening, how are you viewing the investment landscape? can you stay fully invested? >> the cpi was a setback for the global scenario. we were thinking they will use and put a downward pressure on inflation, around the end of the third quarter. but we will be delayed. we still believe the main story for 2020 to his inflation fears. they have gone from high levels to a manageable 3% inflation fear by the end of 2022. that should be comforting to investors, but political -- they view -- we still view the inflation is transitory and we notice president biden posh vs inflation rhetoric. it is time for investors to be more selective. we believe the market expectation or u.s. equity might be optimistic, especially for the margin equation. they will be challenged next year. higher cost issues. we think yes, the portfolios, the risk assets in particular can still be fully vested, but the focus i think should be sel

u.s. commitment to taiwan. the u.s. talked about president biden talked about human rights in hong kong and xinjiang, about china's trade policies. we know from the chinese side that he talked about how china won't tolerate interference in that area. we know that president biden reiterated america's long-standing policy is opposed to independence. that is something president biden said we are hearing from the chinese side and not the american side. >> you make an interesting point. part of what came out of this meeting was not a joint statement. we had statements released from china and from the u.s. looking out what each different party said. is there anything to be gleaned from anything that was conflicting or perhaps of a different tone between china and the u.s.? >> we saw in the lead up to this, the excerpt from the summit with president biden talking about the need to establish some commonsense guardrails. interestingly, it is a theme that president xi brought up as well. he talked about the need to return to what

the u.s. is not going to accept that. the u.s. posture is pushing china and russia into an even closer alliance back into the relationship during the cold war. amy: we are talking to jeremy scahill. jeremy is sitting in front of perhaps the most famous antiwar painting ever come antiwar, anti-fascist painting company that is of the picasso, the destruction of a spanish town, city by the german and italian fascist in support of the general franco most on the picasso was spanish, lived in paris and said his pain to could never go back to spain well franco still in power. that is not what i would ask about. i would ask about the other is you wrote headlined u.s. absorb drone killers and persecutes whistleblowers. can you talk about the last drone strike that we know of and afghanistan during the u.s. withdrawal and what whistleblowers have to do with that? close joe biden make their when he announced his withdrawal from afghanistan the u.s. was going to advocate -- have the capability to strike remotely. it is a harrowing grotesque f

an hour or so into u.s. trading, about two and half hours into u.s. trading. that's a better way looking at it. we have been on air for about two hours. at a half-hour. two and a half hours. i should just read what is in front of me. save me. what is going on? >> i will save you. we will start with semi conductors because they are a mixed story. they are up half a percent, but you don't see more games because it is a mixed story under the hood. we will start with macron. a 7.6% rise. they were at the bloomberg new economy performance said that the chip world is easing but still persisting. it is getting better. another day of gains. as a lot to do with potentially nearing a $1 trillion market cap. this is key for nvidia about diversification. that is what implied materials dead. they are still dealing with supply chain countries -- crunches. but turner is dealing with the covid booster advisor for a vaccine. we are seeing the turn up or .1%. to the downside, you do have travel stops. when it comes airlines, cruise lines, the volatility plays not doing well. th

u.s. stocks extend record highs, the bond curve steepen's, after the fed is in no rush to raise rates. a geopolitical showdown, as washington demands loyalty keep a lid on inflation. plus, why masayoshi son is struggling to keep partners happy, while many had for the exits. >> the start of trading in sydney, the staggered open for the asx 200, very little change, a 10th of 1% higher, this, as the fed saying they would be patient as they can on inflation, if needed. asian stocks broadly looking to see gains on the back of new record highs for u.s. equities, after that expected tapering plan was unveiled. stocks looking flat, kiwi stocks flap, chicago coming back online after the holiday. 3/10 of 1% higher for the future session. s&p futures look set for further gains, a 10th of 1% higher. >> you said it. we saw the fed releasing policy, that commitment towards remaining accommodative. it seems markets were happy with that. they gave their approval with the s&p 500, all indices closing at re

u.s. presidents. among his assignments he spent five years at the national security council, first as director of soviet affairs under president george h.w. bush, and later as senior director for russia, ukraine and eurasia affairs under president clinton. in those roles he helped shepherd the united states through the clachs of the soviet union and establishment of new relationships with the former soviet bloc countries. in 1997 he was named u.s. ambassador to greece where he helped to expand our bilateral defense relationship and counterterrorism. in 2001 president george bush selected him to serve as u.s. ambassador to nato. he took post one month before the attacks of 9/11. when the alliance invoked article 5 for the first time in its history. he later served as secretary of state for political affairs. ambassador burns has established a deep understanding of the united states' relationship with china and has been a returning visitor to china for more than three decades. as a junior of

for, the u.s. must do a better job of regulating and assessing the effectiveness of sanctions, for other entities such as banks that are implementing sanctions policies. -- across the government charged with implementation enforcement and on the senate banking and affairs committee. they must have the funding an analytical tools to detect the expertise, including in cryptocurrency, which need a much closer look they need to technology and the time to do their job. today's hearing will give the chance a survey policy assistance, impose any questions to the deputy secretary, which i'm sure he is prepared to address. thank you, secretary adeyemo, i look forward to your testimony. >> thank you mister chairman, deputy secretary adeyemo, welcome back. under president biden, the treasury department advance number of troubling international policies, some which are clearly intended to circumvent the will of congress. let's take sanctions to start with. the administration has offered sanctions relief to som

i would make the u.s. more competitive with china and also address the global shortage of microchips which as we all know has been a huge problem and not just in u.s. and what chuck schumer, the democratic majority leader in the senate wants to do, is attach this bill to an annual defense spending bill which is a must pass bill because otherwise, the military runs out and the soldiers run out of money. and this would be a way to get those houses and to get both parties behind enough of this come behind the bill, enough of the parties behind the bill to pass it. and that would achieve a key objective of the biden administration possibly before the end of the year just as these efforts to engage but also compete with china ramp up. >> our washington editor and our chief northeast -- north asia reporter. we will have more on the relations and the chinese outlook ahead hearing from gorana grgic and andrew tilton will also be joining us. the glasgow climate pact agreed to at cop26 as a more ambitious agreement

u.s. supplies primarily natural gas and not as insulated from those as we once were. we have seen the prizes increased over five dollars per million the highest level in seven years. that is a fraction of what they are paying but still a big increase for us in the u.s. i understand there are a number of factors contributing to the situation but a primary cause and the demand is generated from the rapid recovery is outpacing primary energy production especially with respect to natural gas. i hope we will have ample discussion on how long can we expect this imbalance to last and to not see energy prices as high as europe and asia. the price trends show how the markets are becoming increasingly interconnected with domestic prices with global demand to a higher degree than we've seen in the past. fuels in europe and asia have been in high demand resulting in the record experts of u.s. coal and natural gas. in particular the gas prices of over $30 per million btu and made it a lucrative market

the u.s. not to encourage taiwan's bush for independence. we will get the reaction from our china correspondent. six people are killed after suicide bomb attacks in uganda. we will hear from our correspondent on the ground. the u.s. calls out russia over a missile test that endangered the crew of the international space station. we will have the latest. ♪ welcome to "world news america." migrants have been targeted with teargas and water cannons by polish security forces. seven officers have been injured. poland has accused belarus of trying to push migrants across the border. a charge belarus denies. our correspondent is at the border between the nations and synthesis report. -- sent us this report. reporter: first, they asked to be let in. now they are demanding. in belarus, migrants have run out of patience. this is a polish water cannon. migrants on the belarus side started throwing stones and ks is broken out. it's quite difficult to breathe. >> [indiscernible] reporter: for two hours,

on recent weeks, the u.s. warned its european allies that russia may be planning an invasion of ukraine, citing a buildup of troops and tanks on the border. russia denies any aggressive intentions. bloomberg has learned the u.s. will pay billions of dollars for an order of 10 million doses of the experiment took over 19 pill beginning later this we're -- covid-19 pill beginning later this year. pfizer has already applied for emergency use authorization. americans will be able to tax -- text 988 to

the u.s. enters new restrictions for more than 30 countries allowing fully vaccinated travelers to travel from places including europe, china, and india. former president barack obama says nations need to work together in the fight against climate change. speaking today in his first public address at the cop26 climate summit in glasgow, scotland, mr. obama stressed the importance of protecting island nations most vulnerable to global warming. he also helped to forge the paris agreement which will try to rally delegates during a separate address later this afternoon. pakistan has agreed that a cease-fire with local taliban amid ceased talks. pakistan says it has reached a cease-fire agreement with the taliban officials. his law that is concerned taliban control in afghanistan will heighten instability in the region. in august, 35 attacks in pakistan killed at least 52 civilians, the highest monthly total since february of 2017. the pakistani taliban had been crushed by a combination of u.s. dro

at the u.s. canadian border in vermont, here's cnbc's perry russom >> in his garage workshop, it's been quiet out front. >> traffic just simply dried up. >> he lives on canusa avenue in vermont, causan, can, one side of the street, usa, his side. >> i noticed the sidewalk is onlts canadian side, so what are you supposed to do. >> you go over and walk up the sidewalk. >> in derby, the international boundary runs through buildings. >> almost everybody around here has got ties across the border in terms of family. >> in some places, the border is just police tape you have the u.s. on this side, canada on the other, this is heavily guarded by security cameras. when the border was closed, you would have families sitting on both sides in lawn chairs, just talking to each other. >> very lonely down here >> elaine hace has family in canada to get into the u.s., canadians have to prove their vaccinated, but to get into canada, americans have to prove their vaccinated, test negative within three days of cr

the u.s. and china together in glasgow, but how will the u.s. balance out cooperation with the obligation to call out human rights abuses? you have called with more engagement with the taliban. how unified are you with the united states in your approach? in that context, do you think the u.n. -- from taliban regime? sec. blinken: i am happy to start. on russia, as i said the other day, we are very concerned about some of the irregular movements in forces that we see on ukraine's borders. i can't speak to russia's intentions. but we do know that we have seen in the past russia mass forces on ukraine's borders. claim some kind of provocation by ukraine, then invade basically following through on something they were planning all along. that's what they did in 2014. this raises real concerns about an effort to repeat what was done that. that would be a serious mistake. we have been in close munication with european allies and partners on this. we had the ukrainians here this week and talk about this. i can't tell you what is in the mind of president