was a boycott of europe oil exports. it didn't work. in 1973, it was already very different. and then it did work. but america now is taking on that position. that is, for them, very advantageous. >> what you think? america is taking on, effectively, energy diplomacy, energy policies that are going to help it with europe? is it that simple? i think it isn't. >> i was surprised years ago when the congress sanctioned companies that are located in allied countries, nato countries. this was unheard of that a country flexes muscles with such an obvious economic interest, although people depend on each other and we are in the same boat when it comes to the security alliance. coming back to the previous question, maybe i didn't make myself clear. what i wanted to say is, this is the picture of interest in the new government. if you ask my personal opinion, the level of escalation makes -- data. it is not happening. the european pressure, the pressure from neighboring countries, the pressure from the united states, makes it very

i'm secondly, of course, on energy and europe. in general, i about 30 percent of, of our gas comes from russia in germany, depending on the year or it can be upwards of 50 percent. we have created for ourselves over the last 20 years, a huge energy dependency on russia. on top of that, nordstrom too was of course, a pet project of the s p d, the party of current chancellor shorts and to, to withdraw on nordstrom to would have domestic political implications for the s p d. in shorts, we have puts our domestic debates and our economic interests ahead of european a united security policy. nonetheless, chance a shorts is said north street to might be on the table if things go down hill, alexander, if it were to be halted the pipeline. do you think that would have an influence on put in? no, no, because sir, we, we have to understand that russia is the diverting its energy flows to asia and asia, china. but not only china, india urine, other be countries in asia, will never support west on sanctions, financial sanctions against russia.

he is traveling through europe's national parks and protected areas. for them, wilderness isn't only untouched nature, but also respected nature. they are observing the re introduction and natural return of predators to european forests. today they've come to southern slovenia to photograph one of them, the brown bear. again. oh, go and pretend to be the bat and feel just when you're not in frame yet. cole. nathan is selves been off the rocks on his interior systems clearfield. i grew up with the animal stories and films from the serengeti, from africa and north america is a little shy. it really is a shame from the point of view of a nature filmmaker not to be able or allowed to tell the stories of central europe's animals. besides, the very personal happiness you get encountering bears wolves, or lynx is, is also the urge to act like a sort of p r agent for european nature, for the people shouldn't forget that there's also a wild life behind a house on the outskirts of berlin from hor in the outs in south to roll, and those stories can and should and

nuclear weapons from europe. as you said this us russia relations is what it's all about in the end. so what objective could puttin actually still be pursuing here? and if deterrence doesn't work, what economic sanctions would convince him to stand down? well, first of all where is he up to? and i think it's not would convince him to stand down? well, first of all just ukraine but it is it is more just about the security arrangements in europe since 30 years. it is precisely about and you mentioned the question of the withdrawal of american nuclear weapons from europe. i mean there are not that many nuclear weapons left, there are just a few bombs in uh in germany in benelux, holland, italy turkey. so um that is very few. and in fact what putin is intending by demanding the withdrawal of these weapons is much more. he talks about control in europe it's it's about hegemony as he sees it, american hegemony which he would like to inherit. and so this is the big picture. the other big picture is we see lots of maneuv

nothing about europe without europe and nothing about ukraine without ukraine. we have said that plainly to our russian counterparts in all of the diplomatic engagements as we urge russia to deescalate tensions. russia claims it's about national defense, military exercises and weapons and security agreements. if that's true, there are concrete and reciprocal steps we can take to increase transparency, reduce risk, improve communication and advance arms control. we have told the russians that the united states is prepared to discuss those issues in coordination with our allies and partners, if they, the russians, are ready. on friday secretary blinken met with russian foreign minister lavrov to urge russia back and working with our allies and partners-- [inaudible conversation] [inaudible conversations] [inaudible conversations] >> and we seem to have lost our signal to this live event and we'll resume our signal and hope to resume our live coverage shortly. [no audio] >> nothing decided about ukraine without ukraine and so that much has been decided about other

what happens in europe — orfor europe? we don't know. but i fear if this happens, another russian invasion — we've seen them before — i think the consequences would be pretty catastrophic for everyone involved. it is far easier to start — i agree with sergei — if they do it, they would like to do something short and sweet or whatever. it's far easier to start wars than to stop them and the one thing leads to the other. negative consequences for russia in terms of its international standing, european standing. negative consequences for europe in terms of the security order. negative consequences for ukraine. there's nothing, nothing, nothing good to come out of this for anyone — including, i'm quite convinced, for mr putin himself. that's my view. his view is, i fear, might be different. all right, let's go to ourfinal question. volodimir golovko, what do you want to ask our panel? what is the role and influence of china in the ukrainian—russian conflict? is there a possibility- for the west to coordinate with beijing in suppo

he talks about control in europe. it's about had gemini, as he sees it in american hegemony, which he would like to inherit. and so this is the big picture. the other big picture is we see lots of maneuvers, military exercises by russia undertaken at this point in time all over the world. and so it indicates this global challenge, and i think this actually will linger on and the you asked me about the economic and the possible sanctions against the against that it very much depends on what putin does in this struggle. i don't know whether he really wants to invade ukraine or just the small incursion as biden just said in the slip of the tongue. i, i think that he has putin has lots of options on the table. and the response of the west has to be adequate and it will be economic jessica to potential economic sanctions that could be applied. but both have provoked german equivocation. one is the so called nuclear option, excluding russia from the swift payment transfer system, which essentially would make it very hard fo

. >> the countdown is on in europe. this is "bloomberg markets: european close," with guy johnson and alix steel. ♪ guy: 30 minutes to the close, this is what the price action looks like in europe. stoxx 600 i .66%. energy stocks leading. not much reaction here in the u.k. to the political shenanigans taking place in westminster. we are expecting news from sue gray at some point that may determine the future of boris johnson. does not look like it is going to come today. brent crude the real reason why european stocks are surging today, now north of $90, $90.11, up by 2.2%. kailey: three hours to go until we get that federal reserve decision, and equities are higher. we were up as much as 2% or more in the case of the nasdaq 100 at one point about an hour ago. right now we are down to about 1.7 6% gains. yes, it is a strong rebound. the question is, will it last after two days of incredible volatility in the equity market? lifting the tech sector today is the result we got out of microsoft, growth in its cloud busines

. >> the countdown is on in europe. this is "bloomberg markets: european close," with guy johnson and alix steel. ♪ guy: 30 minutes to the close. quick refresher on the price action. european stocks up. energy stocks, mining stocks doing the heavy lifting. we are potentially, according to some, about is he some fx volatility. this is u.k. nat gas, down by nearly 6% today. similar story when it comes to the contracts as well. basically, we are all kind of responding to the cpi number. the highest number since 1982. alix: it is definitely hot, yet you are looking at some kind of relief rally in the u.s. what was actually priced into the market? the nasdaq up by 0.1%, but off the highs of the session, so watch this space. how long can this relief rally actually last? just to point out what is leading it, the faang index of those large big cap tech stocks up by 0.6%. interestingly enough, the dollar, the bloomberg dollar index at a two-month low, the lowest we have seen since the beginning of november. the real question i

guy: technology is down by 6.26% in europe. europe has been sold. banks are up 10%. do you think that move has gone far enough? has the gap between them gone far enough right now, or do you think maybe there is an opportunity for them to widen? roland: as i told you, i like to add some value sector and some growth sector. on the growth side, i think the technology in europe is a good opportunity right now. the story has not changed for the sector. earnings outlooks are great. tech in europe is very different from the tech you find in the u.s. we are less internet driven, more driven in europe. so we have no an opportunity to build some position on this quality growth sector at a much cheaper price. guy: what do you think yields doing europe? there does seem to be dissents at the moment that the ecb is going to lag, that inflation is not going to be a problem in the euro zone. do you think that is going to be the case? do you think there is a danger that the ecb has to pivot quite quickly, and the same way we are seeing from the fed right now? roland: when you look at

so number one, but as a block europe, europe is more important. and there's a lot of old about really a business relationship, especially between mosque or russia and germany. there's a lot of connections on different levels. i mean, russian president, redeemer butch, in is very fluent and german, and addressed the bundle, start, go on speaking german. so they read the russia was always looking to, for a special relationship with germany and germ drive, very much wants to make germany a kind of hub for rush and gas supplies to all of western europe, and possibly bypassing ukraine. and that would be our kind of break up of that through a while and break up of those relationship would be very costly in terms of poetical and in terms of money to or of this isn't the 1st time we've seen energy being used as a diplomatic political weapon, this happened in the seventy's when opec decided it wasn't going to supply the west with oil over a variety of different things, including actually how much money they were getting for, for their oil. so at the, had t

take part in europe. i wanna, i want britain to be a better place. i'm fight in for this country. ah, but maybe not in the way that, that people traditionally fought for it, which is, you know, to keep certain a prejudices in place. that's johnny pitts vision a year that confronts its colonial past head on and stops marginalizing black people. many valuable artifacts from african countries are held in european museums. the fact the treasures are here testifies to a colonial past and triggers modern day controversy. should they be repatriated in what context can european museums show them to day? when we go to those machines we, we look at those objects, it's more like like a distant vacation hold thing. busy i think the institutions and europe, and on the whole global north are fairly conservative. that means they don't want to change their power position. of course. take berlin's noise museum. it holds the famous bust of nefertiti, which attracts hundreds of thousands of visitors each year. for close to

here in europe? i think it's going to overwhelm health systems in europe, just like your own grooming completely overwhelming health systems and hospitals in the u. s. i think people do or have been misled by the it's mild oh misinformation too much. it's only slightly milder, but it's been short increase. will definitely send way more people to the hospital if you have to go to hospital work car accident on heart attack, stroke cancer, you may not get the chair that you need because the hospitals are full and therefore other diseases may also see excess. yes. and this is why, you know, not getting infected and we're at least spreading out. the curator fraction to a longer period is so much of course the flattening the curve we talked about in 2020. we have to do that again. world many other people will be hurt not just absolutely. it's a very serious wanting their epidemiologist. doctor eric 5 will ding in washington d. c. thank you very much for your time. will israel is among the places seeing rec

policy in europe. we need a new think about what needs a security architecture. using these words in the middle of a crisis is not helpful. guy: on that note, we will leave it. always a pleasure. fantastic to have you on as ever . judy dempsey, carnegie europe senior fellow. we are abating -- we are awaiting the olaf scholz emmanuel macron press conference. in the meantime let's take it on the markets. european equity markets closing higher. in the united states come equity markets under pressure. the russell down 2.24%. we are waiting for the fed tomorrow. the dollar on the front foot. at the bottom, another significant salon for the s&p. we are down 1.9%. this is bloomberg. ♪ kriti: let's get a check on where the u.s. markets are. the rotation to safety resumes. abigail doolittle is tracking the moves. abigail: the move out of risk is what is happening. the s&p 500 down 1.8%. the nasdaq 100 down 2.7%. relative to safety you can see there is little bit of a bid for bonds. the yen is basically flat.

it couldn't hold on leg. europe is very calm in europe is super gone. yeah, on this is like when the gentlemen so it didn't match. the energy really should change styles. experimented with electronic beats and made sound collages, discovering the world a new in the process. and that's a mix of the african realities digital form, basically, back from past and from now elza bhalla now spends most of her time in germany. she lives with her young daughter in berlin, but africa is a strong part of the mix. on this track. she samples speeches by kwame and crew, mark the 1st leader of an independent gonna and mixes them with bits of dialogue. she recorded during taxi rides around camera, around a half. now she no longer feels the need to enlighten germans who blank on their countries colonial past. he and germany have conversational more with people who are like germany to laugh colony. right. and i like use google in berlin umbrella gets a taste of home at this camera. rooney in restaurant these days, her search for identity has faded a bit into the backgroun

around half of europe, speed europe, species of trees and freshwater fish are endangered, as are a total of around 60 percent of all protected species. but even in densely populated central europe, true wilderness can be found. even if opinions differ on how to define it, lose austrian wildlife photographers, christine, is on villa and mark cough have spent. he is traveling through europe's national parks and protected areas. for them, wilderness isn't only untouched nature, but also respected nature. they're observing the re introduction and natural return of predators to european forests. today they've come to southern slovenia to photograph one of them. the brown bear. d. o. go and pretend to be the bat and fair . just when you think you're not in frame yet, cole. nathan is selves been off the rock saunders in houston clearfield. i grew up with the animal stories and films from the serengeti, from africa and north america. there is a little shy. it really is a shame from the point of view of a nature filmmaker not to be able or allowed to tell the stories of central europe's animals.

europe. you would need germany to act the _ europe. you would need germany to act the oil— europe. you would need germany to act. the oil pipeline _ europe. you would need germany to act. the oil pipeline is _ europe. you would need germany to act. the oil pipeline is maybe - europe. you would need germany to act. the oil pipeline is maybe one i act. the oil pipeline is maybe one reason _ act. the oil pipeline is maybe one reason they— act. the oil pipeline is maybe one reason they will— act. the oil pipeline is maybe one reason they will not _ act. the oil pipeline is maybe one reason they will not do _ act. the oil pipeline is maybe one reason they will not do that. i think— reason they will not do that. i think on— reason they will not do that. i think on the _ reason they will not do that. i think on the european - reason they will not do that. i think on the european side, l reason they will not do that. ii think on the european side, we reason they will not do that. i- think on the european side, we also have more — think on the european side, we also have more to â

i'm secondly, of course, on energy and europe. in general, i about 30 percent of, of our gas comes from russia in germany, depending on the year or it can be upwards of 50 percent. we have created for ourselves over the last 20 years, a huge energy dependency on russia. on top of that, nordstrom too was of course, a pet project of the s p d, the party of current chancellor shorts and to, to withdraw on nordstrom to would have domestic political implications for the s p d. in shorts, we have puts our domestic debates and our economic interests ahead of european united security policy. nonetheless, a chance a shots has said north street to might be on the table if things go down hill, alexander, if it were to be halted the pipeline. do you think that would have an influence on put in? no, no, because sir, we, we have to understand that russia is the diverting its energy flows to asia and asia, china. but not only china, india you're on other big countries in asia will never support west on sanctions, financial sanctions against russ

in terms of nations though, china right now, it's number one, but as a block, europe, europe is more important and there's a lot of old, a real, a business relationship, especially between mosque or russia and germany, there's a lot of connections on different levels. i mean, russian president, redeemer portion is very fluent and german and addressed the bundle stark, once speaking german. so the, the russia was always looking to, for a special relationship with germany and germ drive, very much wants to make germany a kind of hub for russia and gas supplies to all of western europe, and possibly bypassing ukraine. and that would be our kind of break up of that through a while and break up of those relationship would be very costly in terms of poetical and in terms of money to or this isn't the 1st time we've seen energy being used as a diplomatic political weapon this happened in the seventy's when opec decided it wasn't going to supply the west with oil over a variety of different things, including actually how much money they were getting for, for their oil. so at the, had there b

so number one, but as a block europe, europe is more important. and there's a lot of old, a real, a business relationship, especially between mosque or russia and germany. there's a lot of connections on different levels. i mean, russian president vladimir putin is very fluent and german and addressed the blunder stark, once speaking german. so they read the russia was always looking to, for a special relationship with germany and germ drive, very much wants to make germany a kind of hub for russia and gas supplies to all of western europe, and possibly bypassing ukraine. and that would be our kind of break up of that through a while and break up of those relationship would be very costly in terms of poetical and in terms of money to or this isn't the 1st time we've seen energy being used as a diplomatic political weapon this happened in the seventy's when opec decided it wasn't going to supply the west with oil over a variety of different things, including actually how much money they were getting for, for their oil. so at the, had there been les

i'm wondering how you think europe, europe's governments, europe's institutions will respond to that. we had a crisis with the pandemic, and europe, and some people's minds, had a hamiltonian moment where it started borrowing together, having joint debt, and spending money together, the next generation fund. using there is a possibility that europe, the eu will respond in similar fashion if we have a crisis in ukraine and we have a major energy crisis? using there's the possibility of acting in a unified way in the debt markets to find a way out of this? silvia: yes. the crisis is fairly deep. i would notice that the european fiscal roles are still not back to what they were. to counteract the negative impact that energy prices are having on disposable income and consumption, european governments are already putting in place fiscal policies to try to affect lower income households. alix: let's follow on that for a moment. if you take a look at energy prices last year, they saw an enormous incline. we have not seen that kind of rally today, but you're still up 7% with european natural

nobody wants a war in europe. in doing so, the territorial integrity and independence of ukraine under international law must be respected, but constant new threats and never tougher sanctions against russia alone cannot be the solution. on the one end because sanctions have had little effect for a long time. and on the other hand, because these new sanctions would often harmless just as much well in germany over the weekend, we had turmoil in the armed forces. this was, as the chief of the navy stood down, and the controversy was after with caught on camera. while speaking out an event addressing a think tank in india in which she said that crimea would remain part of russia and vladimir putin. the russian president deserved respect that prompted him to step down quite dramatically on saturday evening. i think there's probably putting pressure on it because we can do it. it is easy to get him. the respect, he also gives us the caught me up and got another come. this is i have just asked the federal minister of de

itself out of europe. you know, as a russian, i think a lot of those wounds were self—inflicted. the fact that russia has authoritarian backsliding. who are we to blame for this? it's us. we did it to ourselves, the fact that russia doesn't have freedoms that you would expect in a democratic country, the fact that there is serious corruption, all of those problems. i would not blame them on cia agents or western consultants. so we have this side of the problem. on the other hand, i also have to say that if we look across, notjust to this crisis but back, 30 years back, to what has transpired, we can see that the west never formulated a conception of where russia should be and how it should fit with the west. russia was never institutionally brought into the west. so, you know, it has been othered and it has become the other. and that is the sad situation we find ourselves in. there is a well—known chinese saying that i like to cite. it takes two hands to clap. and perhaps russia bears most responsibili

carl bilt, what happens in europe, orfor europe? we don't know. but i fear, if this happens, another russian invasion — we've seen them before — i think the consequences would be pretty catastrophic for everyone involved. it is a far easier to start... i agree with sergei. if they do it, they would like to do something short and sweet or whatever. it's far easier to start wars than to stop them, and the one thing leads to the other. negative consequences for russia in terms of its international standing, european standing. negative consequences for europe in terms of the security order. negative consequences for ukraine. there's nothing, nothing, nothing good to come out of this for anyone — including, i'm quite convinced, for mr putin himself. that's my view. his view, ifear, might be different. all right, let's go to ourfinal question. volodimir golovko, what do you want to ask our panel? what is the role and influence of china in the ukrainian—russian conflict? is there a possibility- for the west to coordinate with beijing in support-

but as a block, europe, europe is more important. and there's a lot of old, a real, a business relationship, especially between mosque or russia and germany. there's a lot of connections on different levels. i mean, russian president, redeemer portion is very fluent and german and addressed the bundle stark, once speaking german. so the, the russia was always looking to, for a special relationship with germany and germ drive, very much wants to make germany a kind of hub for russia and gas supplies to all of western europe, and possibly bypassing ukraine. and that would be our kind of break up of that through a while and break up of those relationship would be very costly in terms of poetical and in terms of money to or this isn't the 1st time we've seen energy being used as a diplomatic political weapon this happened in the seventy's when opec decided it wasn't going to supply the west with oil over a variety of different things, including actually how much money they were getting for, for their oil. so at the, had there been lesson

europe one more to a furlough system. the u.s. ended up laying about -- laying off a lot of employees. it takes longer to get those employees to come back to the workforce. to me, the other thing i would highlight is it is very typical to get a 10% to 20% correction around fed tightening. that is typically about 10%. but if you look at 2018 we change the balance sheet, the market almost went down 20%. so we have had some pretty good periods. the market is up 100%. volatility is here to stay. we've got to right the ship on inflation. our view at kkr is that inflation is going to be at a higher sustained level, but you can invest in that. real estate, infrastructure, asset-based finance, some of the other things we are doing in the private markets, that is what we do with our balance sheet. we are the largest investor in what we do, and we position it to traffic through what is going to be a bumpy period. guy: it sounds like the fed has got a lot of work to do. if i take a look at history, when it starts down this road, at some poin

it also threatens europe. it threatens the international order, this body is charged with upholding. we continue to hope russia chooses the path of diplomacy over the path of conflict in ukraine. but we cannot just wait and see. but russia's ambassador vaseline, the benzine says, all his countries troops around russian soil, they're not close to the ukrainian border. and there's absolutely no proof of a threat from them. he says the us and nato were whipping up tensions as though they want to be a war outside the council chamber. i pushed him further on this. are there any circumstances in which russian troops would cross the border into ukraine? can you be clear for it? i am. i am not the person to decide whatever happens, but we never. i said it in my statement that no russian petition or even their public figure ever said that we are planning to take your great what a clear answer. it seemed. but then he added this with not exclude provocations from uh, from ukraine inside the separatist. republics, they sa

. >> the countdown is on in europe. this is "bloomberg markets: european close," with guy johnson and alix steel. ♪ guy: quick price check as we head towards the close in europe. the stoxx 600 up by 0.9%. a final flourish on what has been a brutal month. less so over here in europe. some markets, the fizzy 100, actually positive on the month. euro-dollar climbing back above 1.12. the market is pricing in 25 basis points of hikes from the ecb this year. how much of a pushback are we going to get from christine lagarde as we await her press conference thursday? are we going to get the five rate hikes that are now priced from the bank of england this year? the german five-year certainly responding this year from a selloff taking place. yields are higher. we have also seen german inflation today stronger than anticipated. it was expected to drop to 4.3%. that is going to be something where the ecb to think about. kailey: inflation some thing for the fed to think about as well. he repricing of fed expectations is really wh

so, i mean, what, what is it worth to europe, and is it worth, is it europe's economic health and, and prosperity worth this because the way i look at it, you know, trying to isolate russia a sanction russia, all to me the, it's the europeans is least economically, they will get the short end of the stick on this all for ukraine. go ahead. i think you're the problem. ease in europe or security. perceptions are very different for the french. ukraine has no value. it goes for the french, early on, many interested in you know, a fighting again, islamist in the southern africa crisis in north africa, and near east and in africa. oh. from a german point of view, is there a big difference? because the ukraine is very near to jumps of territory. it's a buffer zone, i guess, against russia and or germany as it economy power would like to and not a european come on the market to wave are more, more, more room, more, more consumers, old, sure importer. you know, people from ukraine, young people, we don't, don't find a job in ukraine. they come to germany like, or are eastern european states and

take part in europe. i wanna, i want britain to be a better place. i'm fight in for this country. ah, but maybe not in the way that, that people traditionally fought for it, which is, you know, to keep certain a prejudices in place. that's johnny pitts vision a year that confronts its colonial past head on and stops marginalizing black people. many valuable artifacts from african countries are held in european museums. the fact the treasures are here testifies to a colonial past and triggers modern day controversy. should they be repatriated in what context can european museums show them to day? when we go to those miss in 3, we look at those objects. it's more like, like a distant vacation hold thing. i think the institutions in europe and on the whole global north are fairly conservative. that means they don't want to change their power position. of course, take berlin's noise museum. it holds the famous bust of nefertiti, which attracts hundreds of thousands of visitors each year. for close to a centur

here's what the w h chose. europe director, dr. hans claudia said today 50 of the 50 countries in europe and central asia have no reported cases of omicron. it is quickly becoming the dominant virus invest in europe. and this no spreading into the balkans at this rate, the institute for health metrics and evaluation forecasts that more than 50 percent of the population in region will be infected with mcclung. in the next 6 to 8 weeks or earlier i spoke with dr. glueck and i asked him, how alarmed should we really be here in your where we are at the crystals. so busy extra ordinary speech offerings, mission the tactics change from preventing transmission to preventing disruption. it's through the, at the individual level. the only thing that may be more miles, particularly into people who are boosted, but because of the she had numbers because of still a large share of the population, unvaccinated. the sit is that the hospitals will get overwhelmed and particularly short off health walkers who are becoming more and more in fairs. and that's what we're seeing. i mean, we're hearing more an

troy: same old story with europe. much higher terminal growth rates, higher neutral rates, the ecb is doing qe forever. given where we are in the recovery cycle, based on every metric, whether you look at inflation, the labor market, treasuries, u.s. fixed income high-grade should underperform europe. jonathan: the ecb has a challenge that the fed does not have, italy. the federal reserve looks across one treasury market with one set of characteristics. for the ecb, it is several with different characteristics. i referred to the german bund market. if you look at italy, i don't know if it is a credit or sovereign or a hybrid. what is it? jim: i would say a hybrid of the two. more broadly, europe has an inflation problem around energy. whereas the u.s. market may be peeking around the first quarter of this year, inflation in europe will continue to march higher due to energy prices. outside of europe, central, eastern europe, poland, hungary, czechoslovakia, the czech republic. let's talk about where inflation rates ar

he is traveling through europe's national parks and protected areas. for them. wilderness isn't only untouched nature, but also respected nature. they're observing the re introduction and natural return of predators to european forests. today they've come to his southern slovenia to photograph one of them. the brown bear. d o go and pretend to be the bat and they're just listening. you're not in frame yacoma sonata. this is phillips, been off the rock summers include your systems clearfield. i grew up with the animal stories and films from the serengeti, from africa, and north america is a little shy. it really is a shame from the point of view of a nature filmmaker not to be able or allowed to tell the stories of central europe's animals. besides the very personal happiness you get encountering bears wolves, or lynx is, is also the urge to act like a sort of p r agent for european nature. that people shouldn't forget that there's also a wild life behind a house on the outskirts of berlin from hor, in the alps in south to roll. and those stories can an

this will leave europe short but we are looking at different additional options that europe can choose. there can be some upset from norway, from the change in the strategies of suppliers. there can be some upside from netherlands but it is very politically sensitive issue. there is potentially some upside from switching back into coal and nuclear but it is extremely politically sensitive. dani: katerina, sorry for jumping in. in terms of the other options, how much can we look to china, how much can we look to north america, how much do these regions help fill some of the gaps? kateryna: we already see actually some of this happening. for example, this month, we expect more lng in european systems then russian gas. there is more from asia and the stocks are high. when it comes to the overall volume of global supply, at this price, everything that has been squeezed out can be squeezed out. it is about the redirection of this lng from asia. a lot would depend on whether -- if we see mild weather, we could see potential lng coming into europe. dani: katerina, thank you very much. a timel

it is quickly becoming the dominant virus in western europe. and this know, spreading into the balkans at this rate, the institute for health metrics and evaluation forecasts that more than 50 percent of the population in region will be infected with mcclung. in the next 6 to 8 weeks . let's go to washington d. c and speak to epidemiologist, doctor eric fy golding, doctor, it's great to have you back on t w with her today that more than half of europeans will likely get infected with on the chrome in the next 6 to 8 weeks. what should people here do with the stipend, like that? do they just need to sit back and accept the inevitable? why think, sitting back and doing nothing is actually really risky. what they need to go out and get the booster. what they need to do is where and 95 for f, a p 2 f, a p 3 mass. what they need to do is ventilate their building, their school, their office. what they need to do is disinfect the air anywhere they gather with filters. what they need to do is test and prepared to test and in potentially, according teen

versus europe? >> i think that in terms of just the confidence in the interest rate cycle, i think in the u.s. the positioning of the central bank is much clearer and i think the market feels much more confident in pricing the hikes, and of course the hikes are coming much earlier. i think morgan stanley's interest rate expectations for europe offer ecb to start hiking in the second half of 2023. i think there is still this kind of economic discussion from a perspective of expectations. so i think they might consolidate and we will see it being priced in. manus: i don't know whether it's where i am in my personal investment cycle, but i'm almost drawn to -- more dividends, more buybacks, but supercharge capital returns, i like that. where am i going to get supercharged returns in banks? >> i have to say the entire sector yields, when you look at 21 and 22 is on average about 12%, which is literally double what we thought precrisis. it's a dividend but it's also share buybacks, multibillion share buy

we are trying to integrate more with europe. we already are in an incredibly strong alliance with nato, we work in the osce together, and we also work closely, especially on trade and environmental regulation, with the eu. so we are, we want to be allies, we want to be together. and i wouldn't say that we — and we would like ukraine to join us, by the way. and if russia chose tojoin it, fine, russia canjoin too. but i would say we are not trying to make it about us and them, we want it to be europe and the us, and russia is the one trying to pull that away and break up the alliance. and do you see it, as olha is asking there, that this global instability has been with us for a long time and may continue for a long time? that's up to russia. i think, if i can step in, there is a huge gap between, we're not about talking eu or nato or us, orjust any other, it is something where the collective west has got the extremely good experience of building the consensus. and now in a global world, where you cannot take decisions only on y

say it's trust halfway between central europe and eastern europe than many more people affect it. and it's interesting that we have already seen this dissenting. why says if i may say, for instance, in the and the person also president my call right now, why we are speaking the political derek. this of the major parties involved in the normal, the form of russian political direct us, french and precision german meeting in paris in order to, to get something done at least on the, on, on this level of diplomacy. and my call has said that several times that the has to be an understanding and an open dialogue with russia. he says that although micron has also been pretty tough with food and over the years as well, although when, when food and has visited macro, and they're very, very chummy, very, very nice to each other. but i can't imagine the conversations, karen, they have behind closed doors. now let's just get back to this, this whole potential crisis over ukraine. russia is staging enormous military drills right now in the barents sea in the atlantic down in the baltic as well.

and europe said no. yesterday, president biden told the president of ukraine, zelensky, that there is a distinct possibility that russia could increase and did you cried in february. if it were up to them, there would be no war. so we start tonight in eastern ukraine, near the russian border, that is where we find nbc's richard engel who joins us live. richard, we know the background, what is happening now? >> there is a game of wait and see. ukrainian government, presidents lewinsky, today gave his clearest comments yet. saying that the ukrainian people should ride this out. that they should not be overly concerned that this is something that russia does periodically, that it masses forces, it holds military exercises near the border, that it is a kind of psychological warfare, and that they shouldn't given to the bait. it is left the people here in ukraine, not just to the, east but across the country, wondering is he right? it is very tempting to believe that. that is what many people want to believe.

during the europe crisis. and she, i don't think she's ever forgotten that politically and economically, it was all systems go. and then hamburg, trade was booming in both directions. it soon became part of china's massive belt and wrote infrastructure plan for china. all these trading investment also had profound strategic meaning for the development of its own economy and technologies . if you think about the 3 big industry areas within the 3 lead business areas in germany, it's machine building, it's automotive and it's of course, climate technology, all of which china wanted. they wanted to kind of innovative capacity that germany can deliver in terms of its are indeed german universities and research bodies jumped on the bandwagon tooth. there was huge growth in partnerships in science and technology. macros approach seem to be working at the gateway with china was proving to be a wonder drug helping to fix the euro. crisis. teaching germany's economy to the most dynamic in the world building trust china

going back to unity with europe, has the united states discuss this with europe and are they on board? thank you. >> let me say as a general matter, and at the risk of patting ourselves on the shoulder, i was struck when i spoke to the council of the european union a couple days ago. partner after partner, i've heard the same thing at nato. they have referenced -- the word that was used was unprecedented, coordination and consultation with allies and partners on this issue and challenge. one result of that unprecedented coordination and consultation is, as i see it, very strong solidarity in terms of the consequences that will default to russia if it renews aggression against ukraine. that is across the board. that includes germany. and i was just in germany, as you know very well, meeting with chancellor scholz and spending a lot of time with my german counterpart. as i said before, i am absolutely confident in german solidarity in being together with us and other allies and partners in confronting renewed russian aggression against ukraine. different countries have different authori

there's unity in europe. there's unity with us. i think we are, by the way, we're very happy also with the way our american friends are coordinating this. how much more responsibility does germany have to take left? so it's the top is still sitting on the fence over the issue of no string to he tries to avoid mentioning it also says that everything has to be on the able a germany also doesn't want to send any arms into the region. it's citing historic reasons is germany taking up responsibility here. but germany plays a very important role. we already did last time around when after rusher invaded ukraine. it was transfer america together with president along to get and present person and putting around a table. we see the minsk agreement, we stopped the, the aggression and then you just mentioned correctly that the german trensler has actually said that all the options are on the table, including the options of north stream. not sprint too. and this is very, very important that we clearly tell the russians that, you know, there is

take part in europe. i wanna, i want britain to be a better place. i'm fight in for this country. ah, but maybe not in the way that, that people traditionally fought for it, which is, you know, to keep certain a prejudices in place. that's johnny pitts vision a year that confronts its colonial past head on and stops marginalizing black people. many valuable artifacts from african countries are held in european museums. the fact the treasures are here testifies to a colonial past and triggers modern day controversy. should they be repatriated in what context can european museums show them to day? when we go to those museums, we look at those objects. it's more like, like a different vacation hold thing. i think the institutions in europe and, and whole global laws are fairly conservative. that means they don't want to change at the pilot position. of course, take berlin's noise museum. it holds the famous bust of nefertiti, which attracts hundreds of thousands of visitors each year. for close to a century,

we don't have very much real wilderness in central europe. but we visited quite a few of these places and they all have one thing in common. it's always cumbersome . or the path is always arduous or impossible. the steep, rocky, or blocked by a fallen tree, all the paths flooded. and the me, that's the real core of what wilderness is. the uncertainty that nature can bring up grouping, and i think the impetus in europe in the last few centuries, has been to eliminate the uncertainty to tame nature, to know exactly what to expect in the foreign, all berries wells, and any right about that. if we leave nature alone, will everything work out for the best zone? villa and coughs, book argues that we should no longer think of wilderness as something that's only far away. their photos show, the almost unearthly beauty of nature. they right. we must stop seeing it as a consumer good and a backdrop for fun. we are the last generation that can still reactivate wilderness before it no longer exists. become opa, serafina johnson, vineyards. europe has man

how much wilderness can central europe tolerate? how much does it need? and why a forest without lodge predators like the wolfy on the bed and the links feel somehow empty? that's what we've learned and resubmit is in the wrong room as beautiful as nature can be. it seems incomplete without lodge predators. onforce thing, we know this because we've gotten to know the parts of central europe that are to exaggerate a bit full of bears, like southern slovenia, full of wolves, like lou sasha in germany, or lynx, is like in our homeland austria or dr. luke's zenato, herman. interested is this lisa, it's hard to describe cincy. if you walk through a forest, it's home to bez links, isn't wolves, and it heightens your senses. so maybe you realize that you're not at the top of the food chain. oh though, actually in the case of the bear, it's not really true because the european brown bears here a mainly herbivores helpful plants from fair. so they're really not out to proud humans because in many still believe that when you walk through a forest, there are wild an

we can't fight a war in europe today. we cannot, neither can europe, neither can nato nato knows this. i've challenged anybody who's affiliated with nato. tell me how nato can mobilize an armored core in 10 days. you will never get an answer to say can't. they would be able to do it in 10 weeks . rush on the other hand, can put 2 combined arms army that are trained for deep offensive operations in the field was in a week. this is the 1st garge tank army in the 20th combined army. both former cold war formation station did east germany that were the same. whoa, whoa, whoa. european peace and the aftermath of the solution of warsaw pact to paul the so union, but were brought back in the dean because of the expansion of nato. so nato, by expanding as triggered, russia couldn't afford armed formations, that could destroy nato in a heartbeat. and fatal doesn't seem to realizes, absolutely, absolutely. and, and, and david, let me go to you. i mean, what are policy makers expecting here? because it seems to me when i look at the