christine lagarde is about to be speaking. i think she is there in person at the european parliament. that is the live shot. i think she will pick up. we have an early part of the debate taking place. she will be out very shortly. will bring you your -- will bring you her remarks. this is bloomberg. ♪ guy: christine lagarde is in the european parliament talking about the 20 thing averse rate of the euro -- the 20th anniversary of the euro. it came in in 2000 and then we got the physical coins. she is addressing that euro -- that journey the euro has been on. the ecb has been instrumental in defending the euro zone as an economic entity. not a complete project without the fiscal tax raising authority that normally would go side-by-side with such a military union. we will listen in in a minute. when she gets to what is talking in the here and now rather than the historic narrative around what has happened with the single currency. let's bring in guntram wolff to bring his take on what christine lagarde is saying and the challe

christine lagarde is about to speak. this is bloomberg. ♪ >> monday the seventh, european stocks at session highs, christine lagarde has just started talking. the countdown to the close starts now. >> the countdown is on in europe. this is "bloomberg markets, european close." with guy johnson and alix steel. guy: 30 minutes until the close. stocks are higher. they have been climbing since 10:00 a.m. italian yields are up but they are off of their highs. christine lagarde has just started speaking to the european parliament. i think the av department may have made a few mistakes on her framing. let's take a listen to what the president has to say. christine: and how they affect people's daily lives. following on, we are now using clear, more narrative

but christine wouldn't accept that option. she worked her connections and eventually ended up here in chicago. >> she came to our office and told us her story and i remember finding it compelling and certainly worth exploring further. >> reporter: jon loevy is not a criminal lawyer. he's a civil rights attorney by practice who also does pro bono work with the exoneration project. its aim: overturn wrongful convictions. but curtis hadn't been convicted, at least not yet. still, loevy and co-counsel tara thompson decided to take the case. their services would be free. >> the main concern that i had in this case from the outset was really the lack of evidence. this didn't feel like a murder case from the beginning. >> reporter: with a new defense team in place, christine got working on her next goal: making bail to get her husband out of jail. friends eventually put up the cash. almost two years after his arrest, curtis was released to his wife and sons. >> they greeted me at the hancock county jail. and i came home to a dog that

joining me now is cnn chief business correspondent christine romans with a look at a deeper look at these jobs numbers as we're waiting to hear from the president. what's sticking out to you? >> this was a big surprise. i think it was even a big surprise for the white house. what sticks out to me is the survey week for the government came when there were maybe 12 million people out sick or taking care of a sick relative or a kid out of school or quarantining and despite that disruption, you had an american job market that was powering ahead. the story here is that companies are hungry to hire workers. there aren't enough workers for all of the open jobs. when you look at the year, kate, really important to focus on the trend. 6.6 million jobs added in the first 12 months of the biden administration. and the make up of that job creation is changing a bit. that would, by the way, be the strongest first 12 months of any presidents back to the great depression, but the make up changed. it was much stronger at the end of the year than we thought. remember, there was a disappointing 199,000 job

christine, at what point do european yields impact the broader market? kristine: i think this will have to be via funding costs. they are trying to fund into this environment or any carpets who are in the same boat. the rise of european yields that we see so far, it is important that we are not anywhere near the levels we saw previous to this period. it is still far away from that, but it is the trajectory and the move is concerning. once we started seeing this slowly starting to -- corporate ground and on the back of these entities, not being able to access funding as easily as they had been prior to this move in yields. that starts to inflict the pain and build on the real economy. tom: eleanor, thank you for joining us. how are you thinking about this environment than? the impact on the corporate and equity level. eleanor: we have been waiting for market correction of such aptitude for a number of years, and with the current market corrections, it is a good number. it is normal that equities do correct after what people consider an interest rate hike.

i'm christine romans. >> i'm laura jarrett. welcome to our viewers in the united states and all around the world. we begin here in beijing where the opening ceremony for the winter olympics is now just two hours away. you are looking at a live picture from the stadium where the olympic flame will soon be lit. world leaders are arriving minus the u.s. and several other countries staging a diplomatic boycott. the olympic committee reported 21 new covid cases. now they have 308 since beijing started the closed loop bubble. >> back here in the u.s. you're looking at a live picture now of the white house all lit up in red, white and blue to cheer team u.s.a. the state department thursday publicly defended the right of u.s. athletes to speak out against human rights abuses in china despite olympic committee rules prohibiting any protests. just a short time ago russian president vladimir putin and the chinese leader xi jinping meeting in person at a time of high tension with the west. cnn's ivan watson joins us live from hong kong thi

we heard that hawkish commentary from christine lagarde. we will get to that conversation with steven major in a few seconds. francine: they are hawkish but without great conviction. certainly not as much is the fed. when you speak to the central bank officials, they say that the rates will raise, but it is gradually. tom: 40 basis points for the ecb is being priced in for the year. it is a conundrum arguably more so for the bank of england given the pressure around wages and energy costs. it might be a different scenario versus the euro zone. it will be eight more difficult picture for the bank of england. francine: the interview of the day. the bank of england raising a key rate policy. the governor voting was a 5-4 majority. governor bailey told us that he will move interest rates after an unexpected shock to get inflation rates under control. >> i think we will raise rates again. more likely than not. when i say that, do not over interpret it did -- it. there are good reasons within our forecast and our reports suggest that we will see

christine lagarde insists any adjustment to the ecb will be gradual. president biden says chancellor schulz says nord stream 2 pipeline would be stopped if moscow invades ukraine. earnings bonanza. bnp, softbank, and bp all hit the tape. 2.3 one billion, a third of a billion higher than market would have expected. we penciled in 2.0 5 billion. they pay up ratio of 60%. the payout ratio will be raised to 60% from 50%. this potentially music to the market sears. we know that buybacks and dividends were the alpha of response mechanism for the bank last week. good morning. dani: good morning. it is a race to higher payouts. thank after bank reporting they are attempting to lift their payout. a key measure of profitability, up more than 11% in four years time. we also spoke to the cfo who spoke with bloomberg in paris. >> [indiscernible] if you do this, you will see that bnp paribas has increased revenues in 2021 versus 2020. >> you are raising your dividends to 60% payout ratio. that mean you are confident this kind of performance will continue? >> listen,

christine, what was the basis for this ruling? >> basically, christine and laura, it was that she is a protected athlete as a minor, 15 years old, which is -- she gets a bit of a pass, so to speak, which, of course, people are furious about. and then also that she didn't have time, in the amount of time from the test on christmas day, december 25th, till it was found that it was a positive in early february during the games, she didn't have time to mount a defense, is what they said. now, you can imagine how this is being treated around the world by athletes who have spent their lives fighting for fair play and for doping to be eradicated and the anti-doping efforts are extreme. michael phelps, katie ledecky, michelle kwan fought their entire careers, how this is exploding and in a negative way. but that's the decision. she will skate, guaranteeing the story just moves on at a record pace for the women's short program tuesday. the women's long program thursday. she's expected to win the gold medal. that doesn't mean she'll keep it

laura, christine. >> u.s. defense secretary lloyd austin is meeting right now with other nato defense ministers in brussels at high stakes meetings there. cnn's melissa bell is here. what are we hearing from the nato leaders? >> well, day two of meetings. what we've been hearing so far is very much that as far as nato assessments are concerned, there has been no withdrawal of any significance from russia's positions around ukraine. clearly defense ministers gathered here keeping a close eye on that. we expect to hear both from the american defense secretary later this morning and also from the nato secretary general as well with their latest assessment. the last couple of days of meeting are showing nato is unified. the message is regardless of what happens in and around ukraine going forward, the decision has already been made beyond the reinforcements that nic was talking about there to more permanently reinforce the eastern flanks with battle groups that will be sent to countries like romania where there ha

hawkish comments from christine lagarde. traders and economist look back on today as the day of divergence between europe's biggest central banks. the bank of england is expected to provide the first back to back rate increases since 2004, while the ecb will not hike this year. yesterday's inflation shock may provide impetus for the european central bank to change guidance. traders see the bank of england and the fed boosting key rates five times each. even with two 10 basis point hikes, the ecb is expected to be a negative territory. joining me now is anne hutchins and jari stehn, managing director / chief european economist, goldman sachs. how difficult will the inflation print be to make christine lagarde remain dovish? jari: it was an upset surprise, the biggest in history. it does mean inflation will remain more elevated than they thought only in december. we think they will acknowledge that today, and flag upside risk to the inflation outlook, and they have optionality to respond. at the same time, we think they will s

christine: and how they affect people's daily lives. following on, we are now using clear, more narrative driven language, together with relatable visuals. at the last hearing, i will explain economic developments discussed in this statement with the help of the charts in the accompanying two page document i am sure you have received and which is available. when we last met in november, i stated that growth momentum was moderating. indeed, recent data confirmed that quarterly growth slowed to 0.3% in the final quarter of 2021, which still allowed gross domestic product to recover to its pre-pandemic level. the moderation in growth momentum has resulted mainly from the rapid spread of the omicron variant. the containment measures have -- activity, particularly in travel, tourism, hospitality and entertainment. the current pandemic wave and associated restrictions are likely to continue to have a negative impact on growth at the start of this year. two other factors, which we discussed at the previous hearing, namely supply and high energ

christine, thank you. christine: judy, thank you so much. take care. ♪ judy: online right now, with covid variants, some health experts have said it's time to update the definition of fully vaccinated. take a look at what that means in practical and public health terms, that set pbs.org/ newshour. that is the newshour tonight. join us online and again here tomorrow. please stay safe and we will see you soon. >> major funding for the pbs newshour has been provided by. consumer cellular >> the ford foundation and with the ongoing support of these institutions. and friends of the newshour. this program was made possible by the corporation for public broadcasting and by contributions to your pbs station from viewers like you. thank you. [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy.] >> this is pbs newshour west, and from our bureau at the walter cronkite school of journalism at arizona state university. ♪ >> you're watching pbs. female announcer: essential pepin is made

christine, thank you very much. our correspondent christine runway in brussels. or hundreds of thousands of people are protested against the russian invasion and cities around the world. here in berlin, a huge rail, replace, earthy, landmark brandenburg gate. on sunday, there were big demonstrations in paris, madrid on a string of other capitals as well. people have also been attempting to protest in dozens of russian cities, but they've been met by a police crackdown. a monitoring group says at least 2000 people were detained. standing up against vladimir putin war they were chanting no to war. in russia from st. petersburg to siberia, protesting their country's invasion of ukraine. and in so many places, the script was the same. inspired chance followed by action from security forces, often in riot gear. ah, what it can't be any worse. we're the aggressor state and people are dying because of us. i'm ashamed. i haven't been able to live normally for several days. i'm burning with shame. oh ukrainians. well away from russia where, meanwhile, burning with pride,

christine: yes. the answer is yes. one of the most magnetic personalities, just someone that you hear the name, and you smile. fans, again, even if you're not tuning in, you have heard that name, you know it. she did win the gold again. for thu.s., it's been difficult. you know, there has been some heartbreak. and now the gold medals are coming for the united states. but this is never easy. d these games, the winter olympics, obviously, on ice and snow, they're slippery. there are mistakes. but she nailed it. she was able to overcome, obviously, not only competitors, but also just that sense, can you pull it off, the pressure of being the defending champ and doing it again. and she did do that, so another happy for story for the united states, obviously, as the games are nearing the midpoint. amna: another name a lot of us are coming to know now has been known for a few years in china, and that is american-born freeskier eileen gu. she's competing for china, her mother's country of origin. she's a superstar there, righ

it was a handbrake turn yesterday from christine lagarde. the statement gave no signal it was coming. it was an absolutely massive surprise at the ecb. changed direction, abandoning the dovish stance that has become the excepted wisdom. the expectation was that maybe the ease we would sit out this rate hiking cycle. that now looks like no longer the base case. let's get a take from a man who knows how the inner workings of the ecb occur. joining us from brussels, former ecb chief economist peter praet. great to have you on the show. thank you very much for your time today. we always appreciate it. the market is now pressing into rate hikes from the ecb this year. that would take the positive right back to zero. how realistic do you think that is? peter: there have been two major changes in recent days. the first is inflation is the number one concern, so that is a commonality with the united states. i think the comic situations are quite different -- the economic situations are quite different in the u.s. and europe. the one thing in common

it was, as i say, a tough day at the office for christine lagarde. erik nielsen, unicredit chief comic advisor, joining us with his thoughts. -- chief economic advisor, joining us with his thoughts. what did using to the ecb president's performance today? erik: terrible. a terrible day in the office. almost as terrible as the one where she said we are not here to close the spreads. they will try to moderate a bit and clarify. the last time we had this disastrous press conference, we had the famous cnbc after -- famous cnbc interview afterwards. i don't know if it was decided before the press conference really what she wanted the message to be. it was confusing all over the place. kailey: is she just hoping for a redo in march? erik: the issue is they haven't got the new forecast now and they want to wait for it, and that is ok, but she comes out and says the risk to inflation is now clearly on the upside in the short term. she did not refer to the medium-term, and refused to go there when she was asked. so on the basis, there was nothing apart from o

wow, create a christine. this is a difficult one to really separates or i think i'll put my money on synagogue at this time. i don't see senegal losing back to back finals with saddler mandate, especially for the acreage i used to say, has been criticized, has been vilify. this is the man who was a former captain with senegal. wender lost out in 2002, and also under loss as the, as a croton joint and ain't since so for perhaps or for i'll use you say for sag you might have for senegal to be 1st name winners. what you just really can't bet against muhammad salah, and egyptian photos you can't, but perhaps my money will be for synagogue if i'm lucky. and if they're lucky to her. and last but not least, i think if this got off the pitch and alyssa african was really the 1st major sporting tournament in 22, this is on the global sporting calendar. how much of a success would you say? was it well, christine, as an interesting question, that is quite relative. what from an african point of view, you might say has b

we will meet the illustrator changing that ah hello, i'm christine. wonder it is good to have your company africa's biggest football composition. the africa cup of missions is coming so close on sunday with an epic final that will see 7 time champions, egypt face off against st ago, who are chasing their countries 1st ever african title. now the tournament has displayed world class football and proved to be a success even though there were some doubts. and of course, that unfortunate stampede incident where a number of fans were killed now for the host nation cam. rude. it won't be the final they hope for. the team was kicked out of the tournament at the same is off to losing to egypt on penalties. that means egypt will take on sanibel who be put in a fossil on wednesday night. senegalese fans were ecstatic that their site, which is currently africa's top rank national team, has made it through and now for more on the anticipation leading up to that final, i'm joined by dw correspondent, early sexual my. he is in lagos on his, it's added to see you as

christine? >> thank you for that report from beijing. laura? >>> in ukraine, taking on urgency with russia appearing to gear up for an invasion. just hours from now, french president macron is in mou moscow meeting with vladimir putin. later biden meets with the german chancellor to discuss the tense standoff. satellite images show advanced deployments of russian military forces. cnn has it covered from washington to kyiv to moscow. first to nic robertson in moscow. nic, good morning. how does macron hope to de-escalate things? what does he see as his role here? >> reporter: well, one of the things he's bringing to the table is what he sees as sort of a new security order in europe. that's a very big sell to his nato partners and an even bigger sell to russia because the underlying theme of it would have to go some way to meeting russia's concerns about nato's expansion. it's not clear what macron can put on the table there. macron sees the european union as having a greater foreign policy and defense role in europe, but that's not the solution

i'm christine romans. >> i'm laura jarrett. thanks to our viewers in the united states and all around the world. we begin with the world watching and waiting for russia's next move. will vladimir putin pull the trigger and order an invasion? president biden preparing americans for the possibility warning russia has more than 150,000 troops along the ukrainian border. the president said the u.s. has not yet verified russian claims that it is, in fact, withdrawing some of the forces. mr. biden welcomed a kremlin proposal to continue talking saying we should give diplomacy every chance to succeed. he directly addressed the russian people. >> to the citizens of russia, you are not our enemy. and i do not believe you want a bloody, destructive war against ukraine. invading ukraine will prove to be a self-inflicted wound. >> we have team coverage this morning of this crisis from ukraine, brussels, washington and from moscow where we begin with cnn's fred pleitgen. fred, good morning. the president addressed the russian people directl

kailey: even christine lagarde sounding a little bit like a hawk. we will have more on that in just a bit. this is bloomberg. ♪ guy: 35 minutes to go until the european close. it is really quite a lot to take in. in some ways, over here in europe at least, equities are not the main story. the main story is what is happening at foreign-exchange, what is happening in the bond market right now. i was asking at the top of this hour whether or not the bank of england was a bigger surprise or the ecb a bigger surprise. you are sterling up quite sharply, despite the fact that the boe was hinting at a 50 basis point hike today. the fact that the ecb is talking about a significant recalibration in march and christine lagarde would not talk about the fact that she will continue to rule out the idea that there will be a hike this year i think has cut the market. the german two-year yield is moving quite sharply, up by around 11 basis points. the italian two-year is up even more than that. spreads are widening. i think the ecb is the bigger surprise. kailey:

cnn sports analyst christine brennan live for us. christine, did they explain why she gets to compete again? >> reporter: they said that she's a minor, so she's a protected athlete, and they then give her more of an opportunity than, say, someone who is a little bit older which, of course, is certainly open for a lot of questions, christine, moving forward. also because she didn't have time, they're saying, to mount a defense because the test, of course, was christmas day, december 25th. only got the result, the positive result, the bad result on february 8th. so they're saying she didn't have time to be able to defend herself. now, there is a flip side of this because russia is the worst doping nation since the east germans, the, of course, minor russians know a minor would be treated differently. there is a texas achnicality, a loophole so to speak and let her slow-walk that test. turns out the anti-doping agency never knew the test needed to be expedited. so, wow. that by itself is a bit of a bombshell. russia then knowing exactly

it is feature correspondent derek christine when we're a christine, the european union has announced sanctions against russia and on east ukraine separate as regions. what does that mean exactly? well michael and e official has said that the recognition of the independence of lu, hands and dent danielle is just the 1st step that they are expecting this e official said that they would likely be more steps. and so what the european union has decided to do is to wait out and to see what next steps are taken by the criminal before it reaches its conclusion about the exact a kind of sanctions that it is going to a po, impose on moscow and on the separatists, i in the region, you can almost be guaranteed that it's going to be a difficult conversation because there are some e u member states, particularly the balkan member states or countries like lithuania, who are calling for sanctions to be imposed immediately they were calling for this even before this development, they would have wanted to see that in response to what we've already seen happen on the ground. and the fact that people in

>> that is correct, christine. in fact, yes, they are on double secret probation if you wanted to have a little laugh over this. this is the fourth straight olympic games that russia has not been able to have their flag, their anthem or even call themselves russia. state sponsored doping. what lance armstrong did, that was not government sponsored. russia has been skating on thin ice. the international olympic committee lets them come back. you can come and compete but you can't use your flag and your anthem which really is kind of ridiculous. they're still competing as russians. how amazing is it this nation already in trouble for doping now has a doping violation. >> terrific reporting, christine. thank you so much for bringing us the story. i know you've been up around the clock on this. thank you. >>> also this morning, we're learning more about the cause of death for beloved comedian bob saget. they said last night that he died from head trauma. the family goes on to say authorities have, quote, concluded that

i christine, christine wander in brussels. russia's escalation of this crisis has brought a flood of condemnation from western leaders present versus decision to recognize, to break away regions of eastern ukraine as independent states, as also prompted putative sanctions. the toughest at this stage is germany decision to hold the key and gnawed stream to gas pipeline project. this has been built to bring russian gas to europe, but still needs to go ahead from german regulators, which chantelle shows now says has been suspended indefinitely. this pipeline was set to bring russian natural gas straight to germany's doorstep via the baltic sea . now the north stream to project has become a tool in germany's efforts to punish russia's aggression in ukraine. after president putin recognized the 2 separatist regions in the countries east as independent states. habit of putting the sketches i've asked the german economy ministry today to withdraw the report on the analysis of energy supply guarantees. from the german energy regulator. it sounds technical, but it's the required procedure, so

let me pose at one to you, christine, is ukraine alone in this fight against russia? we have to say, yes, i been, that is the reality. and when the nato secretary general ian stoughton burge, a brief, the press yesterday, he confirmed that there were no combat troops and nato combat troops in ukraine, and that there were no plans to send any to ukraine. i'm so this is certainly a fight the ukrainians are going to have to take on on their own. we know that nato is making plans and it has warships and battleships on high alert. it's given special powers to its top commander. he can effectively, ah, deploy nature's response force or without having to go through the procedure of consulting or the 30 allies. but this, these provisions been have only been made for nato member states and awful ukraine for ukraine. it is the promise of more political support. our more military aid going over to ukraine, and indeed we have seen some initiation by some member states are opting to st. more military aid, as well as financial donations to help the ukranian army, but ukrainian sold

we lost the signal for christine brennen. of course the irony being had she actually taken gold there would not have been a medal ceremony because of course she has this still looming doping scandal ahead of her. let's bring in don lemon who's up next of course on "don lemon tonight." and i'd love to get his take on this because it's such an important moment we're seeing over and over again, this idea what has happened to this 15-year-old girl that on the one hand people said, well, she shouldn't have been there in the first place. and the on the other hand, saying they feel for her, have empathy in what took place in that moment. we've seen time and time again from so many stellar athletes the impact of when they feel like the world is against them, what happens. >> this is the pinnacle. this is the moment that elite athletes train for, and quite frankly, laura, i had a feeling that she might -- >> did you really? >> yeah, the pressure might get to her because it's so much pressure coming to her not only from other olympic o

christine, thank you very much. are corresponded, christine was there in brussels, tell the european union is organizing a huge logistical operation to deal with the hundreds of thousands of ukrainians fleeing their homeland european commission, president or slip on the alliance said the block will welcome them with open arms. huge queues have formed as people try to leave. most of the refugees are heading for poland, d. w, correspond at max sanda is at the border and sent us this report. exhausted, but happy to have made it to poland for natalia cooks, i had her son even an opportunity to finally rest. they're group left ukraine with the 1st alarm and only got her now. i'm not scared about sam, me and my son might skate ice care about my my husband, my parents, natalia tells her husband how to stay behind. he may have to fight into, of course, my son. right. cry ran as a. yeah. and because his separate a separate and i, he wanted to seize their husband, always call him and i say i wanted to be with you. a former wa

christine, what else is on the agenda of today's african union? you summit well, as you can imagine, i, as, as the african union, presidents, whitlow, said african presence. we're coming in that we have the opportunity to engage some of them by a doorstep. the vaccine, payton's issue is of course, something that they're interested in discussing. they still want to discuss that despite the e u. m, committing more vaccine donations, add to the continent at peasants, and the ability to will manufacture vaccines on the continent is something a lot of presidents are still calling for. the other thing is, investment are in energy, atlanta, we're still talking about in africa where most people don't have access to electricity. but along with that are big ambitions to industrialize and, and boost manufacturing. so you have presidents, for example, the president of cynical calling for investment in transition fuels for some, for example, something that the european union is reluctant to do. so this is a very thorny issue to sticking point. the ambitions of

good evening to you, christine. i mean, after 9 years of counterterrorism operations involving the does the fringe withdrawl, does it represent a co capitulation? brent, this is certainly not a mission accomplished for france in molly. in fact, if anything, this is a wind for that, your hottest in molly who have long been demanding for the expulsion of foreign troops on the ground. this situation, the security situation of molly has been worsening since 2012. when the debt jihadist insurgency broke out, and this is the reason why a lot of people in marley, a lot of public se at people and think that france is the problem in the country. and so what this withdraw does, while it's been welcomed by many in the country who blamed france for the situation, it's created a vacuum, brent in the country. and this is a vacuum that russia is likely going to be feeling going forward. but moscow's interests, of course, are very different at to that of those in the country right now. yeah, i mean, looks like a victory for moscow

did you respond, christine won't bother reporting from brussels. thank you, christine. while i can amik sanctions against russia are starting to have an impact. the russian rubel has plunged to a record low dropping more than 30 percent against the us dollar. russians are scrambling to withdraw money from banks with long choose forming a cash machines across the country. in an attempt to prop up the ruble, russia central bank a doubled it's key, interest rates to an unprecedented 20 percent and ordered domestic export companies to sell foreign reserves. sanctions imposed by the u i sent europe have also largely cut off the country from the global financial system. european stock markets fell steeply as the financial sector reacted to the lee, the sanctions. among those major russian banks would be kicked out of the global financial transaction network swift at a cost not only to russia, but also to its trading partners. over the weekend, german chancellor will have shots made it clear that things could get even worse. vaviante finished for let's not kid ourselves is put

i'm christine romans. >> i'm laura jarrett. welcome to our viewers in the united states and all around the world. a lot to get to this morning. >> yes. >> we begin with this, an urgent plea from ukraine to its citizens, get out of russia now. president biden cutting off the kremlin with tough new sanctions to punish what he calls the beginning of a russian invasion. u.s. allies, australia, japan, canada all now joining in the effort. a meeting between u.s. secretary of state tony blinken and russia's foreign minister now off. the nord stream 2 pipeline which goes around ukraine on pause. the german chancellor said nobody should bet on the future of nord stream 2. >> meanwhile, additional troops, tents and field hospitals near russia's border with ukraine. a crisis in eastern europe with implications for you. the fbi is telling businesses watch out for new ransomware attacks by hackers in russia. our team coverage of the crisis in ukraine starts with chief national security jim sciutto in lviv, ukraine. the foreign minister call

i spoke to usa today columnist christine brennan yesterday christine brennan last night, our time, abouall of this. she's the author of "inside edge," now available as an christine brennan, welcome back to the newshour, you've covered 20 olympics in a row. you were just telling me. tell us how do these beijing olympics compare to all the rest? >> judy, >> judy, this is nothing like i've ever seen before. obviously, this is the covid olympic games, and it's even different from tokyo, japan, which viewers remember was just six months ago, this summer olympics. this is a closed loop. this is a fortress against covid. at one time inside this bubble, this closed loop bubble i can't get out. and i don't want to get out and if you leave, you can't come back. there we're using burner phones and burner laptops because our concerns over the chinese infiltrating our wireless our laptops, our phones. so we've got that concern of china's you know, awful behavior on the intert and trying to steal whatever we might be working on it. that concern and then of course, throw that on top of it the covid conce

christine would were in brussels, christine drinking at least 5 people have been killed as fears, storms, bad or northern europe. record bridging winds have disrupted transportation and knocked out power supplies across the u. k. braving the stormy sea, despite warnings to stay indoors, some people in brighton on england, south coast, remained drawn to the forces of nature. storm unit is the 2nd major storm this week and its sweeping across northern europe with record breaking gusts of nearly 200 kilometers an hour causing power outages for tens of thousands of people. were thirties in the u. k issued a rare red warning for parts of southern england including london, where sections of the o 2 arena roof were ripped off by the storm. so the message to longer is loss to this office has the read weather, who the sandals still view. this is the worst only by student 3 that hate spring polio. inadvertently put ourselves in the hallway, robeto's, numerous flights were cancelled, and of the ones that did try to land in london heathrow. many ended up being diverted. train services were interrupt

christine while reporting from brussels, christine, thank you. while while the debate over vaccine supplies continues, germany's banter has unveiled plans for new scale down manufacturing plants about the size of a shipping container. they could produce millions of doses of corona, virus vaccine in africa. or the diseases could also be targeted. these containers could help advance the global fight against covered 19 tiny vaccine factories. model a units developed by german farm affirmed by on tech. to produce m are in a vic scenes, you can build it on stock for example, and you can deploy very quickly and use kayla to a new sites. you want them to become very clear. um that this is the perfect case actually for africa. at the moment, only about 12 percent of the african population has received 2 vaccine shots by aren't access it's by on tanner's could initially produce up to $50000000.00 doses per year, making africa less dependent on imparts. at the same time, the company's c e o. over shaheen made it clear by on, sag wont suspended, succeed pat

sports analyst christine brennan and patrick mcenroe and also an espn commentator. christine, let's start with you. what do you make of this interview with peng shuai? >> so concerning and disappointing. the olympic committee has not done anything about what's right and the facts, the story, the world's biggest me too story and the ioc consistently ignored that piece. i even asked the ioc president thomas bach in a president here in beijing and why won't he speak, if peng shuai wants an inquiry, we'll be for that. it's not her call. she's not in charge, they are and to me, this whole story over the last 12, 24 hours just solidifies the fact that the ioc is in bed with the chinese, they're business partners, thomas bach in the bag for china and i don't think they really care other than just to whitewash this to make this like go away so they can enjoy their olympics and make their money, and it is infur riatinfuri embarrassinge and a debacle, an i think history will judge this poorly. >> patrick, the fact she's now retiring, what does that do to the entire conversati

we thought maybe the same thing that happened with christine lagarde. lisa: in the united states people are talking about consumer expectations. people are going to get ingrained and believing inflation. why is that not a discussion in europe as it climbs to the highest pace in modern history. they are still at historic lows when you look at your region. tom: lisa mentioned 5%. in the dow jones, microsoft is 6% of the index. mcdonald's is 5% of the index. the s&p 500, mcdonald's is only half a percent. mcdonald's has a 10 times greater weighting than it does in the correct standard & poor's 500. no one cares. lisa: it will keep going the matter what. jonathan: futures on the dow. i'm not even going to do it. nasdaq futures at 1.4%. this is bloomberg. ♪ ritika: in the euro area inflation surprisingly speeded up to a record in january. consumer princess jumped 5.1% from a year ago. none of the economists surveyed saw inflation accelerating. federal reserve officials have a message for investors ramping up interest rates, not so fast. not have backed the

at the same time, christine, she is 15. while that has afforded her some protections that arguably she may or may not deserve, it has also made her vulnerable. and i think we need to focus on russia here. this could arguably be state-sponsored child abuse with her doping, whether she knew about it, was coerced into it, didn't know about it. >> reporter: well, that's true. and, in fact, already both the world anti-doping agency and russian anti-doping agency, which is an oxymoron if there are were one, you brought up an important point, you can bring 'em think for this teen. i do. you can feel sad that she has been in this situation. she's been abused, mistreated, told what to take. here, take your vitamins. take this medicine. you can feel that. and you can also say she shouldn't be skating here. this is an egregious doping violation and that she shouldn't be here. i guess you could throw out the entire russian coaching staff, but that wouldn't have the same impact because this woman will be on the ice tuesday evening. she

here is reporter christine sloan. christine: the situation in ukraine is growing more urgent as the russian troops invading the country pushed toward the capital of ukraine. friday, ukrainian president volodymyr zelensky spoke to people across the country urging them to burn down enemy tanks and armor with whatever means. and ukrainians are answering the call. alexei, a prominent ukrainian lawmaker is among them. >> i do not want to fight. i am not a soldier. i am not a military man but i am not ready to capitulate. that is the difference. christine: authorities have handed out 18,000 weapons and are teaching people how to make molotov cocktails. ukraine's ambassador to the u.s. remains defiant. >> we remain committed to defend our home. we resist. we will not surrender our capital to the enemy. christine: and as the russian invasion continues, a humanitarian disaster is unfolding. the u.s. says hundreds of thousands of ukrainians are now on the move. this family making a 30 hour trek to the polish border. and the eff

to piggy back on what christine said, this is a systemic issue. that's the problem with all of this. we knew what it was when russia showed up. granted they're showing up under a different name but appears to be the same old story. i feel very sorry for the skater in question. she's 15 years old. clearly there was some adult if not a lot of adult involvement, and she's going to be villainized, this will be such a stain on her career when it is clear it is a state run system in russia. that's what got them banned to begin with. my heart goes out to not just her but all of the other athletes watching this who spent years who put so much of their sweat equity to get to this moment, and to see if this were ultimately rewarded, it would be a slap in the face to them, not to mention credibility of the olympics is completely in question if they allow the russian team to keep the gold medal. >> what's the point of having having penalties christine let's talk about good news. there is good news on the american side. nathan chen takes home the gold after hi

. >> i'm christine romans. we begin this morning with russian forces seen moving towards the border with ukraine. videos like these posted recently to social media and checked out by cnn show russian military convoys on the move, this one in western russia just across the border from kyiv in ukraine. at the same time russia now says some troops on the border with ukraine are returning to their bases. >>> a source familiar with the matter tells cnn an attack this week is more likely than not. the u.s. shutting down its embassy in kyiv and relocating its diplomats to western ukraine all while the kremlin suggests vladimir putin is still willing to negotiate. cnn has reporters on the ground and in russia covering every angle. the feel there on the ground is different. tell us more. >> reporter: yeah. the pentagon may be bracing but here in kharkiv, 20 miles from the russian border, nobody is bracing. there is no sense whatsoever that there is going to be an invasion. i traveled out to that border crossing with a h

christine romans in new york. thank you very much. >>> new overnight, the national archives found what it believed were possible classified documents in boxes of documents returned by former president trump. this according to "the new york times". this is material that trump would have taken from the white house as he left office. >> we're also learning this morning that white house staff believe former president trump was at one point actually trying to flush ripped up pages of paper in a white house toilet. you cannot make this up. those allegations in a new book from "the new york times" maggie haberman. cnn law enforcement correspondent whitney wild is following this story. whitney, it is becoming more and more convoluted and, you know, hard to decipher here, but the national archives has asked the doj to look at the former president's handling of records. has the doj now responded? >> the justice department has declined to comment, but what is important to remember here is to understand the landscape, nationa

christine lagarde no longer rolls out raising rates this year. plus, that the talks began as the winter olympic games get underway, vladimir putin joins his host, xi jinping, in beijing for talks. three countries in four days. a lot of pcr tests, but what a movement in global government bond yields. this is a hawkish pivot from all the central banks in the bond markets are quite literally laying down the gauntlet with the momentum and belly of the curve. we are pricing two rate hikes for 2022. good morning. dani: good morning. so lovely to have you on a day when the bond market has been turbocharged. one of the charts you had was the amount of bonds yielding for developed markets below zero. zero, manus. no developed market 10 year yields are currently negative. what a change we have had. manus: what does this mean for real yield? if you look at the momentum, i think we gave ourselves optionality. she did not give the doves what they wanted but she has repriced the narrative from the ecb. with that in mind, we see that momentum across the various

and for more on this we're gonna go live over to dw correspondent christine hoola in brussels, or christine another round of sanctions. how far do they really go? nick, the european council president. i shall michel ad described this latest packet of sanctions as massive and painful, and by all indications that they will be named the idea is to target the russian economy in such a way that it will frustrate industry am. and while that is happening, inflation is going to rise, which will impact ordinary russian households. but also, some small businesses are likely to succumb to the economic depression that will be as a result of this, it is expected that russia's economy will go into recession. so these are sort of the medium term effects, but in the longer term, and as more technology becomes difficult to access for russia's industry, that economy is just not going to be able to develop in the way that a modern economy should. and that will no doubt have a massive impacts on industry. important industry are in russia. nick well, but christine the harshest sanction our would be cutting russ

did army correspond, christine won't bother reporting from brussels. thank you, christine. turn off a quick recap of our main story. ukraine and russia have started their 1st talk since russia's invasion now in its 5th bay. ukraine said it would be pushing for cease fire and the withdrawal of russian troops from its territory. the discussions are being hosted by better routes near the ukrainian border. ukraine's delegation includes the defense minister and deputy foreign minister. meanwhile, ukrainians have been forced to take shelter again as the russian invasion continues . government says it's still in control of all major cities, but pressure is growing on the strategic port of mario pl. kia from cliff i've also into heavy attacks. ukraine says more than 350 civilians have been killed. so far. economic sanctions against russia are starting to have an impact. the russian rubel has plunged to a record low dropping more than 30 percent against the us dollar sanctions imposed by the us and europe have largely cut the country off from the global financial system. russians ar

christine? >> jasmine, thank you so much. >>> let's bring in cnn political analyst and political playbook co-author rachel faye. nice to see you this morning. >> good morning. >> some republicans, some republicans decided to zero in on president biden's pledge to put the first black woman on the supreme court. let's listen to senator ted cruz and i want to ask you about it. >> the fact that he's willing to make a promise at the outset that it must be a black woman, i've got to say that's offensive. black women are 6% of the u.s. population? he's saying that 94% of americans, i don't give a damn about you. you are ineligible. it's an insult to black women. if he came and said i'm going to put the best jurist on the court, he ended up nominating a black woman, he could credibly say i'm nominating the person who's most qualified. he's not pretending to say that. he's saying if you're a white guy, tough luck. if you are a white woman, tough luck, you don't qualify. >> i don't have enough time to fac