military shot down an object over north america. for the third time the past three days, member friday over northern coast of alaska, the object shot down -- the debris spread over the frozen tundra, largest oil field in north america, debris effort hampered by russ effort, minus 20 below zero right now, difficult to reach. you got the object yesterday shot down over canada and for the third time in three days an object shot down over lake huron. last weekend the 2000-pound spy craft was able to do a weeklong odyssey across united states. remember when the giant chinese airship the part of china january 21, it was not detected until near or over the islands over january 20. president biden presented options days later so a lot of people are saying, what is taking so long? a real problem these are not being detected until they are over u.s. airspace. jon: a lot of questions about the timing of all this especially on the first spy case. thanks very much, lucas tomlinson at the white house. >> one of the things report and say is a prio

military aircraft over north america. eric: just called senator schumer at some of them balloons but we are getting various descriptions the fighter pilots over canada said there is an object a cylindrical type of objects for they do not know if it's private or public of its russian if it is chinese or what it is. there is some frustration there and concerned there is not a narrative to comfort people over exactly what these objects are. >> certainly not going to be comforting third time in three days and object has been shot down over north america let's recap on friday we had an object shot over alaska off the northern coast heard on saturday, yesterday we had object shot down over canada's yukon territory now another apparent shootdown. this one over lake huron for this not quite apparent to those or canadian airspace the borders are both nations of course when the 2000-pound chinese spy balloon or apparatus whatever you want it shot down over south carolina about eight days ago off the coast of south carolina but righ

in north america, 11.6% of increased pricing. volumes came down 1.3% margins remain high at 21% in europe, however, nestle has not been able to push through that kind of pricing they are looking at 6.4% volumes are positive clearly that says price -- the cost inflation is absorbed by nestle in contrast to what is happening in north america in terms of the growth engines, the pet care business is holding up well it is the largest growth for 2022 the coffee is the other growth engine they have seen a pull back in nespresso. no surprise given the strong many comparisons with covid driving a boom in at-home coffee joumanna, back to the point for nestle and food sector, the question is volume elasticity if prices are continuing to rise and will consumers continue to buy. we will speak to mark schneider in 30 minutes. >> it is interesting with margins and north america, nestle were capable of hanging on to the margins. less in europe you have spoken to a couple of consumer companies you spoke to unilever last week. what is interesting

what about north america? north america was a classic... situation in the sense we had a landlord there who would not let north america was a classic... situation in the sense we had a landlord there who would not let us off any rent for two years. new york landlords are famously very demanding, so after two years of paying full rent, we gave up the keys tragically, sadly but we will go back into north america when the time is right. but no, covid destroyed that. just briefly, when will that time be right, do you think? i think next — probably at the end of next year. once we have a break from opening in other european countries, we will go back into america. america, the whole of america is in dire need of nutritious, affordable food at the right price. as we all know, anybody who has travelled in america knows it is very much reliant on fried, fast food and that on that point, julian metcalfe, a real pleasure having you on the show. good luck with everything and i will check in with you soon. 0ne city that

our north america correspondent nomia iqbal has more. this is a bit of a turnaround for the us in that ukraine really wanted this longer—range missile. it's effectively twice the range of ukraine's r . weapon y it's normally launched from the air. this one is launched from the ground, but it doesn't actually exist in the us military stockpile, so it has to be made by the weapons industry. it is thought it could take some time for ukraine to therefore get it, probably around about nine months. ukraine actually wanted missiles that cover a much longer distance but the us is still uncomfortable about that. there's concerns that it could be used to hit targets deep inside russia. now, it's nearly a year since the invasion and the us has given more than $24.2 billion in security assistance and so far, there has been broad support. there has been a bipartisan support for president biden's position in helping ukraine but there are some cracks in that consensus. you have republicans who are now in control of the house who have said that they w

history aircraft have been shot down over north america. go back to pearl harbor, this took place, very different with mysterious objects. the white house releasing a statement moments ago saying earlier today president biden spoke with prime minister trudeau on this unidentified unmanned object in north american airspace. the object closely tracked to monitor north american space over the past 24 hours. the president has been continuously briefed by national security team since the object was detected an abundance of caution at the recommendation of their militaries, president biden and prime minister trudeau authorized it to be taken down. president biden authorized the fighter aircraft to sign to norad to conduct operation in u.s. f-22 shut down the object in canadian territory and close coronation with canadian authorities. the leaders discussed importance of their recovery and object to determine more details on the purpose or origin which they still don't know. president biden prime ministers trudeau commended both american command st

that >>> tonight, the breaking news from the skies over north america. u.s. fighter jets taking down yet another unidentified high altitude object. u.s. officials say that pilots from the air force and the national guard fired on the object this afternoon over the great lakes. the third object shot down over american or canadian air space in just three days. a senior administration official says president biden directed the takedown, quote, out of an abundance of caution. the structure described as unmanned and octagon shaped, detected on radar over montana yesterday and again today over wisconsin and michigan. this just a week after that chinese spy balloon was shot out of the sky off the south carolina coast. tonight, growing questions about who's behind these objects and

david: joining me now is our north america correspondent. the white house says no evidence of aliens, extraterrestrial beings. so what are these objects and where do they come from? >> that's one thing the white house is very keen to clear up, they are not aliens or extraterrestrial, they are earthly devices. but the more recent objects, they are just not sure what they are. we had this briefing today from john kirby. he's not categorizing them as balloons. we know that they are much smaller than the allegedly spy balloon from february 4. they were not being actively controlled and fly at lower altitude, meaning they were at risk to commercial aircraft, whicis why the call came for them to be shot down. as we heard of the report, mr. kirby said they were part of a larger fleet. the original balloon, that is. part of a larger fleet by china and their surveillance pgram. david: so they are seeing more because they are looking for more of these things? >> and that's a key point. after february 4, with the u.s. military basically did was fine tu

takes aim at a fourth unidentified object in the skies over north america the latest one brought down over the great lakes. questions swirling about the nature and purposes of these objects. why officials say they aren't ruling anything out.

america. this time, the object was hovering over canadian airspace

we have four of these incursions into north america airspace. the pentagon expected to brief with further details of the latest incident this hour but we continue to watch for the implications on the relationship between beijing and washington. shery: and what that means for supply chain disruptions -- what could this mean for the global economy and we could be getting an indication from singapore. we are getting gdp numbers from 2022, extension of 3.6% which is below the estimate of 3.8%. their fourth quarter gdp has been revised downward for growth of .1% quarter on quarter. the estimate was for .3%, so a little disappointing, but showing the resilience of growth for 2022. we are talking about the expansion of 3.6% and this as we continue to look ahead to more slowing down of the global economy. manufacturing is shrinking and perhaps that could signal this trait-reliant economy and could see some pressures had. let's turn to belle on how we are setting up for the session. annabelle: what is driving it is the pricing we are seeing, the market s

senators are briefed on the "objects" that have been invading north america's airspace, as the search to recover wreckage continues. number one we are recovering, and getting a lot of stuff off that. but two, three, and four are not yet recovered, they are in very difficult terrain. and the uk has seen record numbers joining the workforce — some having just left school, and others are nearing retirment

. >> if we start tomorrow building a factory the size of northvolt up in north america and get it to be ready by 2026, between 2026 and 2030 we would be looking at somewhere between $7-8 billion these credits. >> bloomberg has learned that a former credit suisse employee copied and took personal data from other staff members, including details of their compensation and account information. the company warned of the breach, which took place some years ago, in a letter to employees. the staff member had legitimate access to the data at the time and transferred it a personal device in breach of credit suisse policies. ford says it is investing $3.5 billion in an ev battery plant in southwest she can. it will operate with technology and support from china catl, a battery maker that has stirred political controversy. ford says the factory is set to open in 2026, and could produce enough batteries to power formed thousand ev's a year. that is your bloomberg business lash. tom and francine? francine: thank you so much. we go through your top stories and talk about bank of japan and cpi a li

america. >> my phone is ringing off the wall, and we got a president of the united states not saying anything. >> norah: we are in syria tonight, the war-torn country in dire need of help after that aid hom are desperate. >> norah: russia ramps up

after the us military shoots down a fourth unidentified flying object over north america — the secretary general of nato urges countries to be vigilant i think what we saw over the united states, obviously last week, is part of a pattern, where china, but also russia, are increasing their intelligence and surveillance activities against nato allies. i wouldn't comment in detail on security matters, but people should be assured that we have all the capabilities to keep the country safe, including the quick reaction alert force, which has typhoon planes, which can police our skies on 24/7 readiness. the former metropolitan police officer wayne couzens — who murdered sarah everard — pleads guilty to three counts

so british victory in the seven years war left the empire with a vastly expanded territory in north america, which you guys can get a sense of in this map, which we looked at last time. so yellow, you've got a this french territory that is ceded to the british. so they have this vastly panded territory. they also have a huge warebt coming out of this war. right. so this meant that they not only had debt to repay, but also a coly new area to defend in their imperial holdings. now, in the wake of the war, successive british adminirators would seek ways to make the colonies pay what they consided their fair share r the maintenance of this big territory and paying off the war debt. now to many of the colonists who were really not used to interventions or taxes coming from britain, these efforts seemed kind of oppressive and unfair. so today i want to introduce some of the complication. these are some more complications into this traditional narrative of the lead up to the american revolution by asking you guys to think about these reforms from multiple perspectives. so from the american perspec

they are probing our reaction for their probing north america reaction. they now know that norad is watching all the way into canada so that tells the chinese communist party something. eric: are they doing this now are they sending more of these balloons or vehicles or whatever they are over now or has the government been lying to us and not being forthcoming? without about the first chinese blue because there is a photographer for the gazette piece is also a prize in billings sees this thing he wants to go fly. they close the airport in billings are not telling him why but no one sang anything so he takes pictures of the first chinese balloon. they publish it that's how we all find out about it for us the government been keeping a secret from us all this time that china communist have been sending over these balloons are our country and 40 country spying on everybody? >> it is entirely possible. that is speculation there is national security national assets involved with this. they are not going to automatically disclose what they know unless they actua

it is the third object to be shot down over north america in the last week. the north american aerospace defence command has been on high alert since the us military destroyed a suspected chinese spy balloon last weekend. in the past hour, the canadian prime ministerjustin trudeau has been giving an update to journalists. yesterday, norbert confirmed that an unidentified yesterday, norard confirmed that an unidentified yesterday, norad confirmed that an unidentified object entered unlawfully, canadian airspace. it represented a reasonable threat to civilian aircraft so i gave the order to take it down. canadian and american fighterjets were scrambled and an american f—22 successfully shut down the object. recovery teams are on the ground looking to find and analyse the object. the safety of canadians is our number one priority and that is why i made the decision to shoot down the object that was a threat to civil aviation and a potential threat to canadians. there is still much to know about it that's why the analysis of this object will be very important.

our north america correspondent peter bowes told me what information there is on the sighting of the second balloon. we've had a couple of lines from the pentagon confirming, really, that there is a second balloon that is flying somewhere over latin america. of course, that is a vast area. we don't have any precise location. and that it is, according to the pentagon, another chinese surveillance balloon. so that means there are two. it certainly adds to the intrigue. it certainly raises more questions than it answers. is this another balloon that has veered off track, like the chinese were saying about the original balloon that is still floating somewhere over north america? is this a concerted effort by china, assuming, now, that there are two balloons, and possibly more — who knows? and, indeed, what is the strategy as far as beijing is concerned? so many really unanswered questions at the moment that you can bet the state department will be looking into with urgency. we will wait to see what the chinese themselves they about this second balloon. secretary of state antony blinken

military has shot down an object over north america, certainly

what, what did we see here in, in this balloon that was moving across north america? well, i think that's actually the hardest part here is to determine china's intentions. it's always difficult to speculate what's happening within china's system. i think based on the comments from us, defense officials, i doubt that it was a weather balloon. but i also would be skeptical that this was intentionally a provocative act on the chinese side. surely times military knew, you know where the balloon was going and what the goal was, but i don't think that china's leadership wanted to scuttle the trip or, or wanted events to unfold as they have mark. what do you think it will allow that if it were, if we believe the pentagon, this is a spy balloon for beijing, it to allow it to cross into the united states. i mean, that is quite the, the bold move for beijing to make well, 1st thank you for having me. and i do agree with michael that you know, that i tend to think that it probably more than a weather balloon based on the u. s. department of fences, right? strong, you know, indi

but in the west, in europe and north america, we have a process that takes a decade and a $1000000000.00 before you can even start building a new reactor design. and that's where the problem is. that's what we need to fix. but inherently, it's very fast to build again because it's concentrated like the reactor that just came on line in finland. it was way over budget in a way delayed it took forever. but then when it finally came on, it's like faster energy on the grid. even though it took so long to build, then denmark has done with wind, for instance. so yes, it's slow because we were afraid of it and we've made the regulations, very cumbersome in the west and europe and north america. we have the example of france, which a couple of decades ago, took fossil fuels off the grid and replace them with nuclear power. and just 15 years they built 56 reactors, standardized design, one after the other, got very good at it. and they've been running a clean grid ever since their overall carbon emissions across all economy are about a 3rd. what we have here in the united states and their electri

just hours ago, a third unidentified objects was shot down over north america. canadian prime minister justin trudeau tweeted that they successfully downed the object using a u.s. f 22 a jet. it's unclear whether the latest object has anything to do with the chinese by balloon shutdown off the coast of carolina's just last week or the object that was down over alaska on friday. a short time ago, the pentagon issued a statement saying that president biden worked with trudeau to break down the crime. the statement also said that the u.s. to take to the object over alaska late friday night, and continuing to monitor as across into canadian -- and a minute, now we are waiting for an update. but for, now we have dan joining us for a new update. jeff, you asked me to tell you what it's coming in. so what did we learn from this incident? >> i think we've got a few more details but hopefully we're gonna get a lot more at this press conference in canada, we do know that they spotted it in friday evening, that is significant. it made's it's not necessarily moving that pas

shot down a fourth flying object over north america. raising more questions about why so many objects are being spotted now ahead norad's former deputy commander over seas the american skies. >> spotted or just being shot down? we'll tell you about that. also, more than 160 hours later, survivors are still being found. >> narrator: -- under the rubble. the death toll surpassing 36,000. we're live in turkey straight ahead. we'll begin with three mysterious flying objects shot down by u.s. fighter jets. we still don't have a clear explanation from the pentagon or white house about what they are or where they came from. they were different shapes and sizes. it was shaped like an of course at d.c. an o-- an octagon and had strings hanging from it. and saturday suspected chinese spy balloon that flew across the united states was also flying much higher around 60,000 feet. the pentagon says it will sort through all the wreckage of the different objects to figure out what they are exactly. people want to know. we should -- let's bring in our c

america as possible. there was some surprise here that biden carried on some aspects of that protectionism that we saw during the trump administration. would you expect that that kind of by 1st produced 1st in america that, that kind of policy idea will continue in the future? is there bipartisan support for this now and going forward? first of all, there should the been any says any surprise that mr. barton was carrying on these policies because a significant chunk of the democratic party has been advocating it for years and years and years. and as to the future, i don't see any reasonable option where whoever becomes president say in 2025 is going to have policies that are much different from what you heard last night. it's a, it's a fairly broad bipartisan support. and i don't see anyone out there either on the republican or the democratic side who is likely to come in and try to convince congress that it would be good to relax if i can see changes around the edges. but not major changes. we just heard

whether on trucks, buses or vehicles is moving very rapidly upwards in north america. and it's because of this. then you are seeing the supply chains. you are seeing the cell makers, but also the component makers of electrode separators, all the different parts, also moving their efforts into north america. and unfortunately, there is a risk that these investments are a little bit taking momentum out of europe. which is a concern of ours. tom: are you getting any sense that the u.s. is taking steps to make the inflation reduction act slightly more friendly to european countries to address those concerns? >> i don't have the latest on this. what we have seen is kind of an attitude that this is about regaining, just as you said, technology supremacy to take a lead. and it's more about a technology race against china than it is a race between u.s. and europe. these days, our households depend on the internet more and more. families grow, houses get smarter, and our demands on the internet increase. that's why we just boosted speeds for over 20 million xfinity customers, o

earlier, i spoke with our north america correspondant, north america correspondent, nomia iqbal, in washington — here she is with america's reaction. the truth is, the americans don't know what the objects are, so there have been three that were shot down over the weekend, as you summarised there. the first one on the 4th of february — they are very convinced about what that object was. they say it was a spy balloon from china, which as we are hearing now, is developing into a huge diplomatic row, but in terms of these latest three objects theyjust don't have a clue. they are not categorising them as balloons. all we know is that they were unmanned, which is why they were shot down. also they were flying at a lower altitude than the alleged spy balloon, which made it a risk to commercial aircraft. it was really interesting that clip you played earlier, where you had the very senior defence official not ruling out alien device, an extra terrestrial device, but i have to add that another defence official did later on that day backtrack on that and say that these are very much earthly devices

emea was 30% this year and we have it going on in north america. but we are taking as part of our strategy a real hone-in and focus at home to make sure we win in north america, we win those hearts and minds and focusing on kids you'll see our strategy and dollars, but we don't feel like giving up ground we have the momentum of working in other parts of the world but really focusing on winning here, winning in our own stores, in dtc and supporting our partners is the focus i mentioned slip speed but that's a metaphor of what you can expect to see, product that is unique, differentiated and only we can make. >> you mentioned you've got a new ceo. stephanie is coming in at the end of february and i know colin will stay on as well what is the mandate for stephanie? >> i think first and foremost it shows how we are deepening our bench here by colin being here and moving into the coo role again, to drive if not the most prominent logistics experts in our space. when we think about for stephanie, there's a lens we've applied here at under armour decision

we do have over north america, into the pacific. _ of? we do have over north america, into the pacific. we _ of? we do have over north america, into the pacific. we have _ of? we do have over north america, into the pacific. we have no - of? we do have over north america, into the pacific. we have no means l into the pacific. we have no means of routinely predicting the occurrence _ of routinely predicting the occurrence of _ of routinely predicting he: occurrence of earthquakes. we have tsunami warnings. that would activate once the staking sharks. that is principally useful and can stop trains and some are like japan. really interesting. good to get your expertise. thank you. the 31—year—old on a an international forward, the 31—year—old on a an internationalforward, who the 31—year—old on a an international forward, who currently plays for turkish side, is reportedly trapped under the rubble following the earthquakes in turkey. someone confirmed reports that he and another club official are still missing. newcastle united h

we will hear from their north america ceo on its strategy going forward. this is bloomberg. ♪ it's easy to get lost in investment research. introducing j.p. morgan personal advisors. -hey david connect with an advisor to create your personalized plan. -let's find the right investments for your goals okay, great. j.p. morgan wealth management. >> a look at some of the biggest business stories in the news. shares of rolls-royce searched desha surge the most in 10 years. embarking on a strategic review saying it's underperformed financially for years. rolls-royce reported earnings that beat estimates. the housing crisis in turkey has gotten worse in the wake of those earthquakes. rents have risen by as much as 45% in neighboring provinces. netflix is lowered the price of subscriptions in over 100 countries. most of them are lower income regions where the streaming giant has fewer customers. according to the research firm, the price cuts will impact more than 10 million netflix subscribers in markets including vietnam, indonesia, thailand and the philippines