the u. s. economy is different now because the u. s. economy has a big oil producing such itself by shale, which means that as all prices go up, yes, it affects the u. s. consumer negatively, but they have a lot of savings, but it also boosts and energy cap. so this old story in which, you know, all prices go up and that immediately his us growth is not necessarily the same anymore. we think that, you know, there, there could be even be a positive correlation between high oil prices and capex, investment and growth in the u. s. because you'll see all production spot pick up. so the u. s. is resilient, that's very good news for the global economy. because obviously that will become, i mean, if the u. s. economy does well, you know that already there means that the global economy is on a relatively decent footing, even if you have witness elsewhere. all right, thanks so much for good talking to you. thank you for talking. the sanctions imposed by the west on russia are reviving an old debate home by the countries should hold dollar base c

the u. s. economy is different now because the u. s. economy has a big oil, producing such itself are shale, which means that as all prices go up, yes, it affects the u. s. consumer negatively, but they have a little savings, but it also boosts an energy cap act. so this old story in which, you know, all prices go up and that immediately hits us growth is not necessarily the same anymore. we think that, you know, there, there could be even be a positive correlation between high oil prices and capex, investment and growth in the u. s. because you'll see all production spot to pick up. so the us is resilient. that's very good news for the global economy. because obviously that will become, i mean, if the u. s. economy does well, you know that already there means that the global economy is on a relatively decent footing, even if you have witness elsewhere. all right, thanks so much and good talking to you. same. thank you for talking. the sanctions imposed by the west on russia are reviving an old debate on by the countries should hold dol

economy so far is still on the right track is, is the u. s. considered 8 recovered economy. when we look at jobs and how they've changed during this pandemic, not sure. you heard me on that one yet. are you there? can you hear me? they were having a problem connecting to eons. they're all right. we'll move, we'll move on for now and maybe come back eons later. let's go ahead and look at some other headlines that we have the world's largest aircraft leasing company air cap has filed claims for $3500000000.00 with its insurers. after it made huge losses in russia. the dublin bass air cap had leased 135 aircraft and russia before the invasion of ukraine. and so far it's recovered just 22 asian markets rising wednesday as investors welcomed russian promises to scale back. some of its military operations in ukraine announcement also kicked off a rally in the u. s. and e u as well. sitting oil prices lower. however many international leaders voice their skepticism, the moscow would follow through on its promises and that's it for me. and the dw business team here. berlin, check us

the u. s. economy is different now because the u. s. economy has a big oil producing such itself are shale, which means that as all prices go up, yes, it affects the u. s. consumer negatively, but they have a lot of savings, but it also boosts and energy, carfax, so this old story in which, you know, all prices go up and, but immediately his us growth is not necessarily the same anymore. we think that, you know, there, there could be even be a positive correlation between high prices and capital investment and growth in the u. s. because you'll see all production spot pick up. so the u. s. is resilient, that's very good news for the global economy, because obviously that will become, i mean, if the u. s. economy does well, you know that already there means, but the global economy is on a relatively decent footing, even if you have witness elsewhere. all right, thanks so much and good talking to you. thank you for talking. the sanctions imposed by the west on russia are reviving an old debate home by the countries should hold dollar base

the u. s. economy is different now because the u. s. economy has a big oil producing such itself shale, which means that as all prices go up, yes, it affects the u. s. consumer negatively, but they have a little savings, but it also boosts and energy cap act. so this old story in which, you know, all prices go up and that immediately hits us growth is not necessarily the same anymore. we think that, you know, there, there could be even be a positive correlation between high oil prices and capex, investment and growth in the u. s. because you'll see all production spot pick up. so the us is resilient. that's very good news for the global economy because obviously that will become, i mean, if the u. s. economy does well, you know that already there means, but the global economy is on a relatively decent footing, even if you have witness elsewhere. all right, thanks so much and good talking to you. same. thank you for talking. the sanctions imposed by the west on russia are reviving an old debate on by the countries should hold dollar base

the u. s. economy is different now because the u. s. economy has a big oil, producing such itself are shale, which means that at all, prices go up. yes, it affects the u. s. consumer negatively, but they have a little savings, but it also boosts and energy, cataract. so this old story in which, you know, all prices go up and that immediately hits us growth is not necessarily the same anymore. we think that, you know, there, there could be even be a positive correlation between high oil prices and capex, investment and growth in the u. s. because you'll see all production spot to pick up. so the us is resilient. that's very good news for the global economy. because obviously that will become, i mean, if the u. s. economy does well, you know that already there means that the global economy is on a relatively decent footing. even if you know you have weakness elsewhere. all right, thanks so much and good talking to you. same, thank you for talking. the sanctions imposed by the west on russia are reviving an old debate. hung by the countrie

the u. s. economy is different now because the u. s. economy has a big oil producing such itself, shale, which means that as all prices go up, yes, it affects the u. s. consumer negatively, but they have a little saving, but it also boosts an energy cap act. so this old story in which, you know, all prices go up and that immediately hits us growth is not necessarily the same anymore. we think that, you know, there, there could be even be a positive correlation between high oil prices and capex, investment and growth in the u. s. because you'll see all production spot pick up. so the us is resilient. that's very good news for the global economy because obviously that will become, i mean, if the u. s. economy does well, you know that already there means, but the global economy is, is on a relatively decent footing, even if you have witness elsewhere. all right, thanks. so much and good talking to you. same. thank you for talking. the sanctions imposed by the west on russia are reviving an old debate, whether countries should hold dollar b

how bad could this get for the u. s. economy, the longer these guys on, you mentioned, you know, higher prices at the palms. that's, that's going to affect many americans more, more directly. but the longer with the other problems that the u. s. economy and other economies are facing right now with inflation and trying to get trying to recover from, from, from the long pandemic. the effects to that, how back to this get, the longer this goes on for america. i think inflation is an economy why problem? united states, not just in the sector, but it's going to enter. you see the price of food is increased. the cost of everything seems to be going up. i think the, the number one challenge for the white house and energy is a huge part of it. now the consumer prices are increasing around 77 percent of all, most of us have never seen this presentation license and you know the old adage and i guess the prices that people feel every time they see the numbers pretty physical. some of the inflation feel around. so the white house i

how bad could this get for the u. s. economy, the longer these guys on, you mentioned, you know, higher prices at the palms. that's, that's going to affect many americans more, more directly. but the longer with the other problems that the u. s. economy and other economies are facing right now with inflation and trying to get trying to recover from, from, from the long pandemic. the effects to that, how back to this get, the longer this goes on for america. i think inflation is in economy why problem? united states, not just in the sector, it's going to enter, you see the price of food is increased. the cost of everything seems to be going up . i think the number one challenge, the white house energy is a huge part of it. now the consumer prices are increasing around 77 percent of all, most of us have never seen this presentation license. and you know, the old adage about gas prices is that people feel every time they feel the numbers pretty physical, some of the inflation feel around. so the white house is really keenly

and as we heard the war in ukraine is rippling around the global economy, the u. s. the e u and the u. k of all sanctioned russia, but there are no sanctions coming from turkey. now there's pressure on wretched type air. the want to change that as the head of a nato country. he has to live up to the policies of the western military alliance . but he's careful not to alienate his russian counterpart. fatima putin, economically, as a lot of stake attend turkey is stumbles famous. i a sophia, one of the cities most important tourist destinations. last year, 4 and a half 1000000 russians visit a turkey more than from any other country. but now with the russian warren ukraine, bringing sanctions against russia. turkish hotel and restaurant owners expect for tours and revenues to drop significantly. the russians keep us alive here in istanbul, and at the again see when they're not coming. we're off worse. it's a fact that fewer russians will come and that will be tough. on turkey, it's economy already in distress. economists are worried that the value of the rubel has drop

as we heard the war in ukraine is rippling around the global economy. the u. s. e u and u. k. have all sanctioned russia, but there are no sanctions coming from turkey. now there's pressure on wretched tie up air to want to change that as the head of a nato country. he has to live up to the policies of the western military alliance . but his careful not to alienate his russian counterpart vladimir putin. economically, there's a lot at stake for turkey. it's done, most famous. i us, sophia, one of the cities most important tourist destinations. last year, 4 and a half 1000000 russians visited turkey, more than from any other country. but now with the russian warren ukraine, bringing sanctions against russia, turkish hotel and restaurant owners expect for tourism revenues to drop significantly. the russians keep us alive here in istanbul, and at the again see when they're not coming. we're off worse. it's a fact that fewer russians will come, and that will be tough on turkey, it's economy already in distress. economists are worried the value of the rubel has dropped. so for russ

how bad could this get for the u. s. economy, the longer these guys on, you mentioned, you know, higher prices at the palms. that's, that's going to affect many americans more, more directly. but the longer with the other problems that the u. s. economy and other economies are facing right now with inflation and trying to get trying to recover from, from, from the long pandemic. the effects to that, how back to this get, the longer this goes on for america. i think inflation is an economy. why problem? united states, not just in the sector, but it's going to enter. you see the price of food is increased. the cost of everything seems to be going up. i think this is the number one challenge for the white house and energy is a huge part of it. now the consumer prices are increasing around 77 percent of most of us have never seen this presentation. and you know the old adage and i guess the prices that people feel every time they sort of see the numbers pretty physical, some of the inflation it feel around. so the white hous

the u. s. economy is different now because the u. s. economy has a big oil producing such itself by shale, which means that at all, prices go up. yes, it affects the u. s. consumer negatively, but they have a little savings, but it also boosts and energy. carfax, so this old story in which, you know, all prices go up and that immediately hits us growth is not necessarily the same anymore. we think that, you know, there, there could be even be a positive correlation between high oil prices and capex, investment and growth in the u. s. because you'll see all production spot to pick up. so the us is resilient. that's very good news for the global economy. because obviously that will become, i mean, if the u. s. economy does well, you know that already there means, but the global economy is on a relatively decent footing, even if you know you have witness elsewhere. all right, thanks so much and good talking to you. same, thank you for talking. the sanctions imposed by the west on russia are reviving an old debate on by the countries should

as we heard the war in ukraine is rippling around the global economy. the u. s. e u and u. k. have all sanctioned russia, but there are no sanctions coming from turkey. now there's pressure on red chip tie up, add a want to change that as the head of a nato country. he has to live up to the policies of the western military alliance . but his careful not to alienate his russian counterpart vladimir putin. economically, there's a lot at stake for turkey. it's done was famous. i a, sophia, one of the cities most important tourist destinations. last year, 4 and a half 1000000 russians visit a turkey more than from any other country. but now with the russian warren ukraine, bringing sanctions against russia. turkish hotel and restaurant owners expect for tours and revenues to drop significantly. the russians keep us alive here in istanbul, and at the again see when they're not coming. we're off worse. it's a fact that fewer russians will come and that will be tough. on turkey, it's economy already in distress. economists are worried that the value of the rubel has dropped. so for r

as we heard the war in ukraine is rippling around the global economy. the u. s. e u and u. k. have all sanctioned russia, but there are no sanctions coming from turkey. now there's pressure on wretched tie up. add a want to change that as the head of a nato country. he has to live up to the policies of the western military alliance . but his careful not to alienate his russian counterpart vladimir putin. economically, there's a lot at stake for turkey. is that most famous? i a, sophia, one of the cities most important tourist destinations. last year, 4 and a half 1000000 russians visit a turkey more than from any other country. but now with the russian warren ukraine, bringing sanctions against russia. turkish hotel and restaurant owners expect for tours and revenues to drop significantly. the russians keep us alive here in istanbul, aunt at the again see when they're not coming. we're off worse. it's a fact that fewer russians will come and that will be tough. on turkey, it's economy already in distress. economists are worried that the value of the rubel has dropped. so for r

what does this say about the state of the u. s. economy? well, to no surprise that the price is for many months the fed height, its interest rates $25.00 basis points. the 1st increase in 2018. and if you're asking, what does this mean about the state of the economy? well, it looks like the fed, it's finally taking those 1st steps needed to curb the highest inflation reed since the 1980s look, inflation is not going anywhere anytime soon. in fact, the central banks projections today also said that they expect inflation to remain elevated thing that we should end this year at 4.3 percent. and that's way more than the feds 2 percent annual target. and inflation is so high already. and one rate hike is a good start, a good much needed start. but if you want to know what this particular read high can possibly several more means for the us economy for the remainder of this year. well, the fence projections already kind of gave us that answer what powell says to expect for the right hike. so does the fed up to watch out for tightening to quickly

s. economy health care wages, manufacturing, coven, response, guns, the plot of war bits. we thought this address would be dominated by the crime and its effect on the economy. but that speech very much stopped at all stations. there was a lot to take in and equally a lot of us to talk about and so we shall if you're just joining us, that was you as president joe biden, giving his 1st state of the union address. the doubly correspondence defends a month in washington dc. and us analysts with him glue croft a still with me. steph, and let's start where biden started his speech. and with you, it was a rousing staff that you think he performed when addressing the russian invasion of ukraine very much as the chest thumping commander in chief i didn't actually did the, i think he did very well. it was anticipated that he was thawed with the ukraine, that this sir speech, this state of the union will, at least at a 3rd, and it turns out it was a 3rd of the speech a will circle around what is happening right now in ukraine. but he took it up a notch. it's not just ukraine, and wh

while the u. s. economy and the european economies are, are suffering and may even suffer more because of the divorce between the west and russia. so i think this is clearly an example where some academics thought that this might be a good idea, but reality is dictated a different outcome. russians, foreign minister has weighed in on the results of the latest negotiations with ukraine. turkey lab says that keith has taken some key steps in considering moscow's position in the war. we are. we regard the results of the talks that took place yesterday and it's stumble as positive progress. this is not the final result yet, but the fact that the ukrainian negotiate has confirmed the need to ensure the nuclear free not aligned status if ukraine confirmed the necessity of ensuring the security outside the framework of nate. so i consider this significant progress. i also consider as progress for ukrainian colleagues to understand the status of crimea, and the dumbasses been finally resolved and onto a foca

while the u. s. economy and the european economies are, are suffering and may even suffer more because of the divorce between the western russia. so i think this is clearly an example where some academics thought that this might be a good idea, but reality is dictated a different outcome ah, lashes ambassador to italy has found a lawsuit against the newspaper. last tampa over a headline questioning the possibility of measuring russian president vladimir putin. a stamp on one of italy's most widely circulated daily newspapers is also quoted control to see with apparently misleading reporting about the ukraine conflict. and actually miss labeling the victims of ukrainian military strike in done on don. yes, as residence of kiev. it's a nice paper in the court for the night on flooding a patient even by nato u. s. l e for says that could amount to a crime in and of itself that's according to russian on past, a sick, a razzles, who expressed hope for an unbiased investigation. it don't cause such headlin

s. government. when one takes a look at the reality of the u. s. lead sanctions against russia today because of the special military operation in ukraine. it is clear that while the russian economy, you know, took a hit and it was suffering that it's recovery. and it's going to a readjust to this new reality while the u. s. economy and the european economies are, are suffering and may even suffer more because of the divorce between the west and russia. so i think this is clearly an example of where some academics thought that this might be a good idea, but reality is dictated a different outcome. you powers have been defiant against moscow's demand for russian to fuel imports, to be paid for in rubles, instead of the current euro's and dollars. despite moscow's warning that it could suspend supplies, that you use largest economy. germany is preparing for a potential shut off. as it insists it won't switch to making the payments in russia's national currency, german economy minister, robert, hey back says his country will not violate private cont

s. government. when one takes a look at the reality of the u. s. lead sanctions against russia today because of the special military operation and ukraine. it is clear that while the russian economy, you know, took a hit and it was suffering that it's recovery. and it's going to a readjust to this new reality while the u. s. economy and the european economies are, are suffering and may even suffer more because of the divorce between the western russia. so i think this is clearly an example where some academics thought that this might be a good idea, but reality is dictated a different outcome. you powers have been defiant against moscow's demand for russian fuel imports to be paid for in rubles, instead of the current euro's and dollars. despite moscow's warning that it could suspend supplies, that you use the largest economy. germany is preparing for a potential shut off. as it insists, it won't switch to making the payments in russia's national currency, german economy minister, robert, hey back says his country will not violate private contra

and it's going to a readjust to this new reality while the u. s. economy and the european economies are, are suffering and may even suffer more because of the divorce between the west and russia. so i think this is clearly an example where some academics thought that this might be a good idea, but reality has dictated a different outcome. ah, you powers, i have been defiant against moscow's demand for russian fuel imports to be paid for in rubles, instead of the current heroes and dollars just by moscow's warning that it could suspend supplies. the eas largest economy, germany is preparing for a potential shut off. as it insists it will not switch to making the payments and rushes national currency. german economy minister, robert, hey back, says that his country will not violate private contracts. we do not accept the violation of private contracts for the supply of energy. i'm glad that companies are assessing the situation in the same way. russia is the world's largest and natural gas, ex porter, accounting for nearly half of the use imports of

a prominent u. s. policy advisor. the random corporation has published a report on comprehensive efforts to cripple russians, economy, and armed forces. without engaging in battle. we examined the claims $354.00 pages of strategy on how america can bring russia to its knees. in a nutshell, that's what the 2019 report from the rand corporation is. it weighs up the pros, the cons, the costs, the risks, and it decides what's the fastest way to push russia to the brink? i'm sure it's not the only $1.00 out them, but this one stands out, the eerily predicting exactly what we've seen on rival of the last few months. the report presents 3 main lines of attack, money mines and the military started with money, so the economy, the advice hit russia where it hurts oil and gas, specifically expand us energy production jack, impose financial sanction. jack, get europe to import gas from the suppliers. well, the jury is still out on that one immediately. i don't think we can help and nobody can replace of say this very clearly, the

does this mean the end of the u. s. dollar? not yet. over the years, the central banks all over the world have accumulated to many dollars and dollar denominated bonds. but trust in the dallas stabilizing all in the economy has been severely undermined. or it's a competition from un is now tougher than ever unless the us find something else to offer. it may end up with solving inflation and trillions of dollars that nobody wants. ah, let us continue the conversation now and cross live to karen, can i so former austrian minister of foreign affairs? thank you so much for joining us on. the program is lovely to see you. now, austria as big as the energy corporation, so they will continue to pay for existing contracts with russia in euro's or kind of response. do expect to go from moscow on that. oh, i'm following it also, minute by minute. oh, but i have no inside and this, oh well it so it's it's, it's all about an acceleration or something that they're already beforehand moving in, commodity trading out of the dollar for the last 15 year

the demand is so high that the u. s. can print as many dollars and dollar denominated bonds as it needs to finance it's external debt. if any other country tries to do the same, it will immediately face rising inflation. in the case of the us, people will buy dollars anyway. for decades, the dollar enjoyed it's unique status. with a tacit consent of the world, its value remained relatively stable because the u. s. economy has been growing steadily unaffected by the turmoil in other parts of the world. oil prices denominated in a stable currency for their part to creased fluctuations in the market. the rising powers, like china and anti american governments like venezuela urged to review the petro dollars system. but the d dollarization was limited to a number of symbolic moves up until now and parallel, and he, russia, sanctions shocked the government officials way beyond russia's borders. india, china, and even saudi arabia are now giving a 2nd thought to deep dollarization initiatives. you on jumps after report on saud

but the longer with the other problems that the u. s. economy and other economies are facing right now with inflation and trying to get trying to recover from, from, from the long pandemic. the, the effects to that. how back to this get, the longer this goes on for america. i think inflation is an economy. why problem? united states, not just in the sector, it's going to dinner. you see the price of food is increased. the cost of everything seems to be going up. i think this is the number one challenge, the white house and energy is a huge part of it. now the consumer prices are increasing around 77 percent of most of us have never seen this presentation license and you know the old adage and i guess the prices that people feel every time they see the numbers pretty physical, some of the inflation feel around them so the white house is really keenly focused on this. that's been a huge challenge for them since the fall. we saw this why don't start to experiment with. ready using the strategic petroleum reserve last november to try to put

just by those comments from singapore, the u. s. isn't backing down and trying to influence china stones on russia going so far as to threaten sanctions against paging high tech economy. his policy here with more washington is added again. this time pressuring basing to play by its rules and condemn russia's actions in ukraine. if china's semiconductor manufacturing international corp sells its chips to russia, we could essentially shut s m i c down because we prevent them from using our equipment and our software. hazing, will have none of it and refuses to give into intimidation. china will never accept any external coercion or pressure and opposes any unfounded accusations and suspicions against china don't be a naive condemnation. it sounds naive to say that's not as a vision, and that doesn't solve the problem, but is really all about ukraine unlikely. the bigger goal seems to be washington's desire to break up the strong relationship between moscow and beijing. one example, last year the russian and chinese foreign ministers a

and it's going to a readjust to this new reality while the u. s. economy and the european economies are, are suffering and may even suffer more because of the divorce between the west and russia. so i think this is clearly an example where some academics thought that this might be a good idea, but reality has dictated a different outcome. russia foreign minister has weighed in on the results of the latest negotiations with ukraine. sir, gala ralph says keith has taken some key steps in considering moscow's position on the conflict we. we regard the results of the talks that took place yesterday and it's stumble as positive progress. this is not the final result yet, but the fact that the ukrainian negotiate has confirmed the need to ensure the nuclear free, not a line status of ukraine, confirmed the necessity of ensuring best security outside the framework of nate. so i consider this significant progress. i also consider as progress the ukranian colleagues to understand the status of crimea and the dumbasses been finally resolved. meanwhile, russi

in the case of the u. s, people will by dollars anyway. for decades, the dollar enjoyed its unique status. with the tacit consent of the world, its value remained relatively stable because the u. s. economy has been growing steadily unaffected by the turmoil in other parts of the world. oil prices denominated in a stable currency for their part, decreased fluctuations in the market. the rising powers, like china and anti american governments like venezuela urged to review the petro dollars system. but the d dollarization was limited to a number of symbolic moves up until now. and parallel, and he, russia, sanctions shocked the government officials way beyond russia's borders. india, china, and even saudi arabia are now giving a 2nd thought to d. dollarization initiatives. you aren't jumps after report on saudi's wing, it's use in oil deals. india report. lee explores you on in oil trade with russia, as frustration grows over us sanctions. does this mean the end of the u. s. dollar? not yet. over the years, the central banks all over the wo

and if we see strong fundamentals like you're referencing for the broader economy in the u. s. and around most of the world, we could continue to be in an under supply situation, which is very inflationary and could ultimately negatively affect the economy as well as the stock market. ok, good point. so you talked about oil and topping $100.00 for the 1st time in more than 7 years. this is despite the international energy agency agreeing to release the 60000000 barrels of oil from their strategic reserves. that message, the market seems to think that's not enough. yes. so actually the last time i spoke with you guys was around the last few to petroleum reserve release. and my point was there that it was inappropriate of that time. it's more appropriate now given the potential supply disruption, but it doesn't mean what people think it means. and most of the time where there's been a release from the st. petroleum reserve. we've actually seen higher oil prices after and not lower, so i guess it shouldn't be such a surprise. the biggest surprise was just how much oil moved in res

this enormous interest in the u. s. currency raised it to a unique position. the demand is so high that the u. s. can print as many dollars and dollar denominated bonds as it needs to finance its external debt. if any other country tries to do the same, it will immediately face rising inflation. in the case of the us, people were by dollars anyway. for decades, the dollar enjoyed its unique status. with the tacit consent of the world, its value remained relatively stable because the u. s. economy has been growing steadily unaffected by the turmoil in other parts of the world. oil prices denominated in a stable currency for their part to creased fluctuations and the market. the rising powers, like china and anti american governments like venezuela urged to review the petro dollars system. but the de dollarization was limited to a number of symbolic moves up until now and parallel and to russia. sanctions shocked the government officials way beyond russia's borders. india, china and even saudi arabia are now giving a 2nd thought to d. dollarization initiatives.

this enormous interest in the u. s. currency raised it to a unique position. the demand is so high that the u. s. can print as many dollars and donald denominated bonds as it needs to finance it's external debt. if any other country tries to do the same, it will immediately face rising inflation. in the case of a us, people will buy dollars anyway. for decades, the dollar enjoyed its unique status. with the tacit consent of the world, its value remained relatively stable because the u. s. economy has been growing steadily unaffected by the turmoil in other parts of the world. oil prices denominated in a stable currency for their part to creased fluctuations in the market. the rising powers, like china and anti american governments like venezuela urged to review the petro dollars system. but the de dollarization was limited to a number of symbolic moves up until now and parallel and to russia. sanctions shocked the government officials way beyond russia's borders. india, china, and even saudi arabia are now giving a 2nd thought to deep dollarization initiatives

this enormous interest in the u. s. currency raised it to a unique position. the demand is so high that the u. s. can print as many dollars and dollar denominated bonds as it needs to finance its external debt. if any other country tries to do the same, it will immediately face rising inflation. in the case of the us, people were by dollars anyway. for decades, the dollar enjoyed its unique status. with the tacit consent of the world, its value remained relatively stable because the u. s. economy has been growing steadily unaffected by the turmoil in other parts of the world. oil prices denominated in a stable currency for their part to creased fluctuations in the market. the rising powers, like china and anti american governments like venezuela urged to review the petro dollars system. but the d dollarization was limited to a number of symbolic moves up until now and parallel and to russia. sanctions shocked the government officials way beyond russia's borders. india, china, and even saudi arabia are now giving a 2nd thought to deal dollarization initiatives.

a ticking time bomb and a u. s. dollar reserve currency status. and to rush sanctions seemed to backfire prompting the entire world to reconsider their financial policies. ban on dollar bank notes exposed to russia, freezing its foreign exchange reserves for us as weapon ising its currency, and many a wondering if they might be targeted next. but what makes a dollar so spatial? why does nearly every central bank in the world stockpile the u. s. currency and invest in american bonds? the dollar has been preserving its status for decades. and the secret ingredient is oil. a quick dive into history. back in 1974. saudi arabia was the world's biggest oil producer, and it just shaken the western world with a major oil embargo, a punishment for supporting israel. in the yom kippur wall for us was an important 70 percent of its oil and embargo hit it hard to god themselves against the possible oil shocks of the future. the nixon administration offered the saudis of deals the u. s. agree to supply the saudis with military aid and equipment in exchange, sa

s. economies in question, even though statistically, other than the inflation numbers we haven't really seen that come home to roost yet . absolutely. michelle, that's something we've talked about over the last week, is that everything that's going on politically is only going to make the inflation even though it might hurt us less than it does elsewhere in the world. we're definitely going to see it here in the united states as well, and when it comes to that current uncertainty. there's also the situation surrounding what the federal reserve is going to do with their upcoming meeting this month. are you think in certain among investors that that policy could be impacted by these current geopolitical tensions? well, it's already, there's so many statistics that the, that keep dropping in terms of the expectations for any kind of rate rise. now in march, it went from estimates to 19 he rises to now they're saying that in march, maybe there'll be nothing. it's really difficult. stagflation has to be, i think, from an economic standpoint, the most difficult situation to, to deal with, whe

fact is 70% of the u. s economy is fueled by consumer spending. this will put money as my colleagues have said, in the pockets of people. and they will turn around and according to their priorities and spend it on what matters. that's what we need right now is money right back in your pocket and then you decide. but why give it to all taxpayers? the high price of gasoline across the world is impacting every family and that's how we should provide assistance to know that californians who are taxpayers are in our grocery stores. we know that they are hit hard with inflation, high rent and say the democrats. this is not one and done. this is not going to be the only proposal on the table. this is not the only thing that we're going to do with our surplus, republicans say killing the gas tax outright is not dead. there is going to be another vote. to suspend the gas tax very soon, and i think that millions of people across california are going to be watching to see how that goes. the problem here is that the governor has other ideas about how to do re

many blame biden, despite the u. s. economy strengthening. under his presidency. gabriel, alexander reports now from union city, new jersey at for kill kitchen restaurant. chef eric clemente is busy prepping for the dinner time. crowd that will soon be walking through the front doors. making the pasta from scratch comes naturally. what he's struggling with is that growing cost of ingredients for his menu, you know, chicken wings went from being a dollar a pound, $2.70 a pound. so again, the offer taking yes, are getting a little creative, you know, take, take some cheaper cuts of meat and turn them into something more elegant. we have sakes on at the beginning and got rid of those and started using things like short ribs because financially they make a little more sense for often and for the annual inflation rate in united states is now over 7 percent. and that's at a 40 year high, the vast majority of americans blame president joe biden, according to a recent whole, nearly 70 percent of the respond and said they were dissatisfied with the jo

since 2020 the u. s. has barred almost all asylum seekers. using a regulation meant to prevent infectious diseases from spreading across the border . now, with many coven error restrictions eased or eliminated the rule known as title 42 is still being used to bar thousands of people from mexico, central america, africa, haiti, and elsewhere. many of those migrants are fleeing war and political upheaval. but on her 3rd try sophia, and her children with help from a lawyer were allowed to enter the us. some immigration attorney say there is a double standard favoring ukrainians. we are absolutely seeing a differentiation between howard treating ukrainian asylum seekers than we are. other asylum seekers, whether they be from south america, cameroon, haiti, or afghanistan, the ukrainians, are being able to jump to the front of the line. and the only difference is that they're white and all of these other asylum seekers are not white. we're in a welcome, recreating refugees, rope and arms. in fact, they come over here. the biden administration quic

s economy is strong. terry conley's of former wall street investment banker and dean of the golden gate university business school, were really catching up quite quite effectively. this great ah, great year and we're still going strong job gains were across the board gains in the travel, leisure, restaurant and bar sectors suggests a return to prepare endemic normalcy in public places, but returned to office work is quite another matter altogether with urban core business districts not even close to pre pandemic levels. attorney bernick sees it every day in san francisco's financial district, which is the nation's leading non back to work location. it's still completely completely empty, and it really hasn't changed much in the past year. that's even true as some employers demand full time back to work workers are making it very clear. that they'd like this to established remote work , and the proof is in the small numbers of people returning to the five day in office work week . knowing very well, they c

s. economies in question, even though statistically, other than the inflation numbers we haven't really seen that come home to roost yet . absolutely. michelle, that's something we've talked about over the last week, is that everything that's going on politically is only going to make the inflation even though it might hurt us less than it does elsewhere in the world. we're definitely going to see it here in the united states as well, and when it comes to that current uncertainty. there's also the situation surrounding what the federal reserve is going to do at their upcoming meeting this month. are you think in certain among investors that that policy could be impacted by these current geopolitical tensions? well, it's already, there's so many statistics that the, that keep dropping in terms of the expectations for any kind of rate rise. now in march, it went from estimates to 19 he rises to now they're saying that in march, maybe there'll be nothing. it's really difficult. stagflation has to be, i think, from an economic standpoint, the most difficult situation to, to deal with, wheth

the now ukraine and the u. s. economy will take center stage in president biden state of the union speech. so how was the economy doing under president biden during his 1st year of his administration? our fronting colleague ortiz, john hardy, takes a closer look. are you better off than you were 4 years ago, it was the question then governor ronald reagan posed to voters during the 1980 presidential debate. reagan, of course, would go on to win the election, but his question would be repeated during other presidential election since then, and a little over a year into the biden administration. many american voters may be asking themselves the same thing. according to the u. s. bureau of labor statistics over the 12 months from january, 2021 to january, 2020 to the consumer price index. for all urban consumers the c p u row 7.5 percent. it's the largest 12 month increase since $982.00 food prices increase 7 percent over the past year. energy prices rose 27 percent. while recent polls show most americans disapprove

s. economy in the form of higher oil gas prices. but it seems that the tide is turning in the sense that the you, the american public is also supportive of taking that measure. mariam, thank you very much, heidi joe castro in washington watching al jazeera life in london, still ad on the program. thousands of people across here, right in solidarity with ukraine. and we know how the war in ukraine could affect the iran you play, deal as near it. a stormy weather in northern europe has subside, is now settled, high pressure situation and it was, it's just stopped moving. the total 2 don't one, just hear a sudden sweden and one over no line between the 2. this is just being squeezed, ac will be right and come from that. but this is the dominant where the patton, if you like of most of your, there is still me with a, than the g in the still some pretty harsh winter in western russia, running slowly westwards into ukraine as well. is the picture in on sunday, then this is all cold. settled, often fog in the morning. an overcast is not th

the state of the union address fair packs, and thanks so much bye now ukraine and the u. s. economy will take center stage and president biden state of the union speech. so how was the economy doing under president biden during his 1st year of his administration? our fronting colleague a r t z, john hardy takes a closer look are you better off than you were 4 years ago, it was the question then governor ronald reagan posed to voters during the 1980 presidential debate. reagan, of course, would go on to win the election, but his question would be repeated during other presidential election since then, and a little over a year into the biden administration. many american voters may be asking themselves the same thing, according to the us bureau of labor statistics over the 12 months from january, 2021 to january, 2020 to the consumer price index for all urban consumers, the c p u row 7.5 percent. it's the largest 12 month increase since $982.00 food prices increase 7 percent over the past year. energy prices rose 27 percent. while recent polls show most americans disapprove of

how the warren crane is affecting the u. s. economy. and china says it's target for economic growth this year, but official warns it may be too ambitious. ah, hell, i was still saying some rather heavy showers into indonesia. they should start to a ship. he started to ease off now, but still pretty, a wet weather in place, just to the east of to carter. we had 81 millimeters, a friend, that is a route, a 3rd of the march average rainfalls. that gives you an idea of how unusually wet still remains here is will russia showers. they are across much of malaysia, some heavy examples coming into where the philippines over the next day or so little pocket of showers just rolling across. so the south china sea could still bring some rather wet weather into southern vietnam. and also into thailand could see increasing showers, making their way into a northern parts of australia over the next few days. i'm pleased to say those are fighting rates of, of had around the eastern side was starting to ease off. now the wet weather just nudging a little

s. economy will take center stage and president biden's state of the union speech. so how was the economy doing under president biden during his 1st year of his administration? our fronting colleague a r t z, john hardy takes a closer look are you better off than you were 4 years ago, it was the question then governor ronald reagan posed to voters during the 1980 presidential debate. reagan, of course, would go on to win the election, but his question would be repeated during other presidential election since then, and a little over a year into the biden administration. many american voters may be asking themselves the same thing, according to the us bureau of labor statistics over the 12 months from january, 2021 to january, 2020 to the consumer price index for all urban consumers, the c p u row 7.5 percent. it's the largest 12 month increase since $982.00 food prices increase 7 percent over the past year. energy prices rose 27 percent. while recent polls show most americans disapprove of the way president biden is handling the economy. the president maintains his

s. economy, it will take center stage in present, but instead of the unit speech. so how was the economy doing under president biden during his 1st year of this administration? well, a john had, he takes a closer look are you better off than you were 4 years ago, it was the question then governor ronald reagan posed to voters during the 1980 presidential debate. reagan, of course, would go on to win the election, but his question would be repeated during other presidential election since then, and a little over year into the biden administration. many american voters may be asking themselves the same thing, according to the us bureau of labor status 6 over the 12 months from january, 2021 to january, 2020 to the consumer price index for all urban consumers the c p u row 7.5 percent. it's the largest 12 month increase since $982.00 food prices increase 7 percent over the past year. energy prices rose 27 percent. while recent polls show most americans disapprove of the way president biden is handling the economy. the president maintains his administration is responsi

economists say the latest job numbers show the underlying u. s economy is strong the u. s dollars at its highest level in two years. analysts say that's because russia's war on ukraine is creating concern about the worldwide economy and financial markets. the dollar serves as the backbone of the global economy and in times of economic uncertainty, investors tend to stock up but a stronger dollar can bring down profits for companies that do business abroad. and the dollar's strength may harm developing economies, which often service their debt in dollars time is 7 15. a lot of people who drive to work school or running errands. they're closely watching gasoline prices here in the bay area. those prices are up almost a nickel since yesterday. mike mibach sinar ktvu newsroom and that's because my crude oil prices are reaching near record levels are on the rise. their u. s oil benchmark dave topped $130 a barrel overnight, the highest level that we've seen that since the 2000 and eight financial crisis. it has since retreated, though prices at the pump i mean, they just cont

how the war in ukraine is affecting the u. s. economy plus the sears escalation, the u. s. as north korea is testing a new intercontinental ballistic sound and sport ukraine's paralympic athletes excel at the games, they almost missed that story. coming up next. ah, hello parts of ukraine have had their coal this weather of the winter seasons, so far, temperatures falling as low as minus 15 celsius and southern areas of the country. the reason for that is this area of high pressure winds traveling the clockwise direction. so we're dragging a normally or northeast wind down across that eastern side of europe and that bitterly cold weather is set to continue for some, some few days yet. so blocking high west a weather. mild weather is pushing it across. western pass winds coming from a southerly direction here. temperatures getting up into the mid teens for many, you can see that colder air in place across eastern europe, even in athens, temperature struggling to get to around 7 degrees celsius should be about 16 at this time. of the year we've had disruptive snow into parts

right now, some of the highest prices in 40 years and so of the u. s. economy is still struggling to get on track. and now given these sanctions, the u. s. president, acknowledging that there is going to be some short term pain, but the u. s. president, very clear that he believes that the united states consumer is not going to be financing putin's war. now, the reason that the united states is able to do these sanctions, but some european partners are not, is because the united states does not use as much russian energy at as the united or as in europe does. and just to give you an example, in terms of the russian oil imports into the united states, it's about 700000 barrels a day in terms of oil. that's about 10 percent of the nation's energy supply, as contrast that to europe's needs, and that is 4000000 barrels a day. so it's a significant difference. you can see why the u. s. is doing this. but again, because of the impact on the american consumer, the white house was a bit reluctant to do this, but it was because the u. s. congress was moving ahea

the u. s dollar is now at its highest level in two years. analysts say. that's because russia's war on ukraine is creating a lot of concern about the worldwide economy and the financial markets. the dollar serves as the backbone of the global economy and during times of economic uncertainty, investors tend to stock up a stronger dollar, however, can bring down profits for companies that do business abroad. and the dollar strength may harm developing economies, which often service their debt in dollars. the latest figures released by the labor department show, the us added almost 700,000 jobs last month. ktvu tom vacar looks at the numbers and what experts say they mean for a real return to so called normalcy? after a 10 week closure for macron, the monks kettle, a relatively new san rafael restaurant that specializes in craft brews reopened friday. returning jobs to employees enjoyed a customer's. it's one of countless examples of a job rebound. 80 piece forecast of 475,000 new jobs in february, released last wednesday, was blown away by the labor departm