the u.s. has condemned the attacks. >> today, terrorist russia shelled kyiv and other cities throughout the country. with at least 84 missiles and two dozen uavs. energy facilities, residential buildings, schools and universities. museums in the city centers were among the targets that the russian defense ministry labeled legitimate. anchor: a refugee agency says conflict has forced a record number of people to flee homes. the organization says it may be forced to make cuts. protesters and cities across iran have kept pressure on the government after the death of a young woman in police custody. students rallied. the electoral commission has declared a winner. the revolution for prosperity party has one constituencies, five states shot the navarrette majority. the leader news to find a coalition partner. a storm is hammering central america. el salvador has declared a national emergency. at least 18 people have died after flooding in a north indian state. some schools of close. the nobel prize

u.s. inflation numbers. minutes from the fed show officials are committed to restrictive policy while the boe sparks pound and guilt all the to liddy with a lot of mixed messages out there and we speak exclusively to the u.s. ambassador to japan as president biden's inflation active transport investments in u.s. supply chains. rishaad: here is a look at what is going on with markets. that inflation read we are waiting for out of the u.s., going to be crucial. you can see it is a broad-based markdown. we are also seeing just a little bit of a balance, if you will, for some of these regional bond markets, but if you look at australia, we are seeing yields on the way up. essentially it is really at the moment i guess all about the chips side of things. we had some breaking news a couple of minutes ago. yvonne: reporting that ksm see, they have gotten that one-year exemption. i like what we have heard from sk hynix in south korea. news about samsung might also be getting a free pass at least f

the u.s. and japan, including the deployment of what it calls u.s. strategic assets. this after north korea testfired two more missiles sunday. they say the provocations violate the you insecure to council resolution and will drink and sanctions against its neighbor. russian president vladimir putin is blaming ukraine for the attack that badly damaged a key bridge linking annexed crimea to russia. in the first comment on the attack, he blamed the ukrainian secret service, alleging they were holding russians. kyiv has not officially claimed responsibility for the blast, but they have celebrated with a new postage stamp. the u.k. prime minister is -- mp's and her party. liz truss is expected to replace chancellor. she is fighting to regain control of her party. global news 24 hours a day on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i am vonnie quinn. this is bloomberg. haidi: still ahead, what is at stake in the upcoming chines

u.s. trading day on this wednesday, october 12. you've got three days probably, the boe confuses the market and when their pension fund report will end. the next thing to rake, the u.k. bond market basis fiscal monetary dysfunction and we will look at the contagion risk and the next shoe to drop as they keep raising rates. inflation is still hot with producer prices rising more than expected and we will speak to gary shilling on his outlook on the u.s. economy and stocks. from new york, i am alix steel with guy johnson. i thought the focus would be in the u.s. today and that hot ppa and i was remiss wrong. guy: it's causing a lot of trouble now. it's interesting to check out what's going on. if the u.k. catches a cold, does the rest of the world sneeze? i think there is some evidence for that right now. i've had a couple of days off. alix: it's your fault. the boe was ahead of tightening before the other g7 central banks started tightening. are they ahead of the contagion risk? i appreciat

well as the u.s. commitment to support the ability of iranians to communicate with each other and the world and a commitment to impose costs on iranian officials responsible for this crackdown against peaceful protesters. >> at the end of the day, aside from the sanctions, there is very little the u.s. can do to help the protesters. >> we are responding with concrete action and we continue to engage partners in the international community on next steps. as you're aware, the u.s. has imposed sanctions on a number of senior officials including the minister of interior for his role in overseeing this violent crackdown. on the minister of communications for the government contemptible effort to deny internet access to over 80 million iranian citizens. also on the morality police that is responsible for the tragic death of the woman in custody. we also joined to other countries this week along with a total of four nations who signed on to a joint statement condemning this brutal crackdown demanding a stop

chinese and 10 year yields were up over u.s. yields. now u.s. yields have a premium of 140 basis points so 4% reversal of the last couple of years. i'm seeking answers from our viewers. most people of generally written in with the idea that china's markets are just broken and in several ways. saying their foreign participations about 9.4% still pretty way less than you would think from one of the world's largest asset markets but the chinese bond market is absolutely massive. they should be comparable but maybe they are not. most of this change has happened because of a rising u.s. 10 year yields. the movement in chinese yields hasn't been dramatic bring given the extreme volatility across markets, negativity in china the yields are down. is it becoming a dead market? are two of the world's three largest government bond markets essentially becoming broken and unmoving. i don't know what the conclusion is. one point might be that the yuan has some lingering negativity and because the pboc steps in a bit more, it's one of the few currencies that h

the u.s. midterm elections after -- later in the broadcast. the supreme court has put a temporary hold on a judge's order that would require south carolina republican senator lindsey graham to appear before a georgia grand jury to answer questions about his efforts to overturn the results of the 2020 presidential election. on monday, justice clarence thomas granted senator graham's emergency request to put the subpoena on hold temporarily while graham's lawyers push to have it quashed permanently. democrats have demanded justice thomas recuse himself from cases related to the 2020 election because his wife ginni thomas spread false claims about a stolen election and lobbied federal and state officials to overturn the election results. supreme court rules obligate justices to withdraw themselves from cases where there's even the appearance of a conflict of interest. in minnesota, former minneapolis police officer j. alexander king -- kueng accepted a deal monday that will see him plead guilty t

in response, the u.s. and south korean militaries launched f-15 and f-16 fighter jets a symbolic message to kim jong un. the uss ronald reagan has been ordered to remain at sea, east of japan, and recently arrived in the south korean port of busan ahead of the two countries joint naval exercises, the first in five years. u.s. pacific commander admiral john was already in japan when the missile was launched. u.s. and south korean warplanes responded with an exercise involving precision bombs. nothing appears to deter kim jong un. bret? >> bret: jennifer griffin at the pentagon. jennifer, thank you. more on this with john kirby from the national security council in just a bit. meanwhile president biden has reportedly decided to run for re-election. reverend al sharpton says the president gave him that news during a white house visit. tonight, marks exactly five weeks from election day. the 2022 midterm election. that will determine whether the president's party stays in power in congress. one recent developm

the u.s. for walking or swimming across the border. in a related announcement, the department of homeland security said it will make nearly 65,000 temporary work visas available for low-skilled industries. at least 20,000 will be reserved for migrants from haiti and northern central america. in ukraine, seven more people were killed today as russia fired more missiles, drones, and artillery rounds into major cities. in all, the new russian offensive has killed at least 26 people since monday. the latest attacks came as u.s. defense secretary lloyd austin and other nato defense ministers met in brussels on bolstering ukraine's weapon supply. sec. austin: that resolve has only been heightened by the deliberate cruelty of russia's new barrage against ukrainian cities. those assaults on targets with no military purpose again reveal the malice of putin's war of choice. vanessa: russian fire also knocked out power to the zaporizhzhia nuclear plant for the second time in five days. and at the united

u.s. stocks slide, the s&p 500 posting a second straight day of losses ahead of the crucial jobs report, the dollar and treasury yield rises. >> traders digesting more hawkish investors, and their mission to crush rate hikes. >> underlying inflation is headed back down hopefully. i'm not ready to declare pause. >> elon musk scores a win with the judge halting twitters case against him, giving the party three weeks to close the $44 billion deal. u.s. futures extending losses in the asian open, this after every sector and the s&p 500 was in the red, except for energy. the energy sector was up, given double ti prices are -- wti prices gaining ground. this after that production cut announcement by opec. we have the 10 year yield also rising again for the second session, above the 380 level. the hawkish commas coming from the fed, being felt across of the. market this has to do with data we had jobless claims arising more than expected. numbers out this morning, showing a robust labor market. t

if the u.s. economy goes into a recession, it will have effect on the chinese economy but the chinese government has shown time and again it will move in to prop up the economy. when we are modeling growth, we are seeing a 6% grow of gdp. this is coming off some lower base effects which helps as well. we sell this with the u.s. market as well. it can really propel a market whether there has been enormous amount of pessimism and a lot of times when you see overly pessimistic markets, that is a buying opportunity and that is what we are seeing right now, an opportunity to get in when we are at mass pessimism. shery: what about pessimism at the u.s. economy? continue to see recessionary fears. you mentioned the potential of the u.s. falling into a recession should that the reason you have tilted from short duration to long-duration? >> we are not here to try to figure out the fed thinking every single day and every data point. it is not how we manage portfolios. we are looking at it from a longer-te

as they work to undermine u.s. economic security and fundamental human rights, including those of americans. we also see a coordinated effort across the chinese government to lie, cheat and steal their way into unfairly dominating technology sectors, putting u.s. companies out of business. there economic assault and the rights violations are part of the same problem. they both flout the rule of law. it is to make it easier to steal our innovation. they tried to silence anybody who fights back against their theft. companies, politicians, individuals. just as they try to silence anyone who fights back against their other aggressions. we have another example. there attempted obstruction of an independent judicial process to give underhanded help to one of their companies accused of breaking our intellectual property laws and deny justice to that company's victims. since i started as fbi director, i have been repeatedly sounding the alarm about the chinese governments disregard for fair business practices and for the r

the u.s.'s relationship with saudi arabia following opec's recent announcement it would cut oil production by 2 million barrels a day, boosting the cost of gas and providing a boon to russia amid its invasion of ukraine. on monday, democratic senator bob menendez called for a freeze on cooperation with saudi arabia. meanwhile, senator richard blumenthal and congressmember ro khanna announced a bill to block all u.s. weapons sales to saudi arabia. congressmember khanna tweeted -- "their brutal war in yemen and their fleecing of american consumers at the pump must have consequences." president biden addressed the issue on cnn last night. pres. biden: when the house and senate its back, they're going to have to -- there are going to be consequences for what they have done with russia. >> what kind of consequences? suspend all arms sales. is that something you would consider? pres. biden: i'm not going to get into what i would consider and what i have in mind. amy: meanwhile, united arab emirates

at every critical juncture in the u.s. china relationship urgings research eight a major role in informing policy decisions and public debate. decades, our scholars have served in key positions -- in democratic amp up -- republican ministrations including the biden administration. with a peerless time in the world were in europe, tensions in the taiwan straight, and widespread economic unease, the china challenges the toughest and most complex issue confronting washington and the world. at least for the next generation, that will be the case. as my colleagues here at working have written -- china today has the largest nation in the second largest economy on track to surpass the u.s. by 2035 or 2040. together with its economic strength, china has developed a military that is second in the world and increasing the capable and assertive. given its size, china is at the heart of multilateral efforts surrounding global public goods such as climate action, pandemic response, and economic development. china's rise is culminating

politics between the u.s. and saudi arabia have fractured the relationship, the supply on the opec side, and the china data that we got this morning fuels the slowdown. dani: at the same time you spoke to eni and there will be a lot of oil majors at the conference. what do you expect coming from them? manus: if you read the stories on exxon and chevron, $30 billion terms of office for this quarter, you are looking at record profits. they are trading gas at 2 billion bucks in the space of nine months. there are a number of elements that go into that, but chevron is treating -- trading, bp is trading, the trading desks of these houses feast on volatility. they wrap and roll in terms of rampant markets. their job is to manage the trade of the flow but there is also the accusation that one could put to the ceo, you have the responsibility to bear in terms of the volatility on these products and otc. the majors are part of the volatility, they are part of these exploding prices and liquidity. to a certain extent, t

u.s. east coast. it's been a week since hurricane ian slammed into florida and u.s. president joe biden is expected to visit hard-hit fort myers in the coming hours. he'll meet with governor ron desantis, fema and officials to assess the damage there. meanwhile, florida residents are returning. it will be a difficult transition for those who call the island home. >> what they'll see is really an up close look at destruction that they've seen from the video clips on the news and some other photos that may have been shared through local sources and it's going to hit home. it's going to be emotional when they see their properties up close and the amount of damage that this storm inflicted upon them. >> governor desantis announced immediate repairs will be made to the san i bell skaus way. it pails in comparison to the lives taken. 109 deaths have been reported in the u.s. so far. thousands of rescues have been made in florida alone. some areas said to be completely unlivable. cnn's layla sant

they may go to the u.s. and saying it is getting uncomfortable, we do not want to risk of the crisis we saw on the 1990's, so maybe it is time to do something about it. traders will be looking for any chink in the armor, but there will be some sort of coordinated intervention. it is not been on the cards so far, but in the past it came out of the blue. so it could be a big week for foreign exchange markets. yvonne: mark, when it comes to chinese markets coming back online, what struck you the most in the pain we're seeing right now in china? mark: obviously as you were saying earlier, the high-frequency data during the holiday is not helpful. but if you are looking for one single thing traders are focused on, when we saw the immediate reports coming out from china earlier today, they were still resolutely defending the covid zero policy. traders want to see it gone. they could only get really optimistic on china equities and they know has been put to bed, and that china is reopening. until that happens it wi

so the u.s. is not alone but it's role has been to act to make negotiations harder to achieve unlikely. that is as recently as late april as far as we know most of what the united states can do is stop acting like that. stop -- drop the official position that the war must go on to weaken russia severely, meaning no negotiations. will that open a way for negotiations? diplomacy -- only one way to find out. if you don't try, of course it won't happen. if i may, i would like to add a word about something that was touched on but not developed sufficiently in myieand it is highly signicant, china. what is happening with regard to china. it is barely being reported. but it is supreme significance. there has been an agreement that has held for 50 yrs called the one china policy, in the 1970's. the agreement is between u.s. andhina that taiwan is part of china -- not in question. ither party, u.s. or china, will act to disrupt the peaceful relations that persist. it is called stratic ambiguity. it has he

u.s. role in helping assist european energy security, the market crises are creating ripple effects on the policy and price crunch in the u.s.. to what extent do you see the potential for u.s. lng supplies to assist in european energy security. is there a tension between ramping up though supplies and domestic prices and reliability and consumer prices at home? >> i think -- thank you for the opportunity. great question. i want to note what is outright tragedy, what we are witnessing for our eyes and ukraine right now. in many ways, it's an energy driven crisis. i think a series of decisions were made in western europe, in germany in particular that unintentionally -- when you look to germany in particular, angela merkel was no russia dog. she made a series of energy policy decisions, the post fukushima decision to move away from nuclear power. germany found themselves in a situation where they were totally dependent upon russian gas. western europe writ large was viewing natural gas as a

u.s. stocks halt their two day rally with treasury yields surging to multiyear highs on rate hike concerns. paul: fed officials keeping up the hawkish rhetoric on the fight against inflation but james bullard sees an end to aggressive hikes next year. >> we are predicting that inflation will come down and it will be a disinflationary year in 2023. shery: the dollars growing strength ways on tesla's results but elon musk says a meaningful share buyback is likely. u.s. futures extending its deadlines. we have every sector of the s&p 500 in the red today except for energy. oil gaining and that is what markets were watching. above the $85 per barrel level, close to $86. we continue to watch nasdaq futures. tech under pressure. we have the 10 year yield continuing its rally with the treasury selling renewing with a two-year yield at the highest since 2007 and it's all about the hawkish fed really playing into the markets. and after hours trading, we are watching tesla. stock coming off session

that argument has failed to sway the u.s. so far. one u.s. official said it is, quote, low reward and high risk. ukraine has the rockets it n nes for the current fight against russia. alex from cnn. >>> much more ahead including damning investigation from abuse and sexual misconduct in u.s. women's soccer. when we started selling my health products online our shipping process was painfully slow. then we found shipstation. now we're shipping out orders 5 times faster and we're saving a ton. go to shipstation.com /tv and get 2 months free. our internet isn't ideal... my dad made the brilliant move to get us t-mobile home internet. oh... but everybody's online during the day so we lose speeds. we've become... ...nocturnal. well... i'm up. c'mon kids. this. sucks. well if you just switch maybe you don't have to be vampires. whoa... okay, yikes. oh sorry, i wasn't thinking. we don't really use the v word. that's kind of insensitive. we prefer day-adjacent. i'll go man-pire. >>> the u.s. supreme court kicked off their new term monday adding nine ca

u.s. it's about tech as well, samsung on the way out. one the other end -- on the other end meta and meta platforms they have been down 19%. david: yeah. let's see. when you look at futures, they turn about two hours back, back into the green. when you get a sizable move like this, not all the time, you will get a follow-through on the cash market opens up. we will get to that later. equity markets in the region are up a third straight day. chinese markets are leading this rush higher with the hang seng index up about 2.8%. on asia tech index, i will get to that, we are seeing sizable gains in the tech space. on the back of this drop in yields which is opening up a window. also the drop in the u.s. dollar. yvonne: that really is the one to watch. take a look at tech stocks in asia. shrugging off those earnings we soft the big tech when it came to meta. you have seen that. the dollar has been falling below. that is helping sentiment overall. this whole sense that may be central banks are re

u.s. history. and of course vietnam is very import for its yellowstone role in activism, and getting many of the younger people in the united states involved in politics, involved in protest, and demonstrating that the united states government is very much influenced by its constituents and responsive to it. but we are gonna focus on the environment both of these places. and we're gonna start with korea. so this is consumed on some of that means land of the morning kong. that is what creates consider to be the phrase that best captures the essence of korea and the korean peninsula. and the war that we are going to be talking about as you all know, the fighting took place between 1950 and 1953 for u.s. and un allied troops. the war went on much longer before that. it began really a 1940 5:47 when there were internal conflicts between those who want to have a communist government and those who wanted to have a liberal capitalist government it's only right arm assist on a peace treaty. and so

u.s. stocks rebounded after the war september in two decades, the treasury yields falling, easing fears that the fed will over tighten monetary policy. haidi: one jumbo hike before slowing the pace of tightening, as they balance inflation again is a quick hit to growth. shery: the u.k. chancellor may change plan after the back down on the tax cut for top earners. u.s. futures looking higher, earnings in the asian session after the s&p 500 saw the best since july. the fed may not over tighten, on manufacturing numbers. we have some low fund positioning, extreme pessimism coming off of a rebound, around a 30 level, back to those levels after the impact levels last week. our treasuries are rally across the curve. he also had a weaker time, helping with wti prices. we see a little bit of pressure in the asian session. this is after 5%, the opec-plus meeting, the expectation is a cut and supply concerns coming to the front. we are watching the market very closely, look at the bloomberg dollar i

. >>> u.s. senator lindsey graham has asked the supreme court to block a subpoena from a georgia special grand jury which is investigating efforts to overturn the 2020 presidential election. the republican lawmaker filed the request after an appeals court ruled that the grand jury could seek his testimony and that his phone calls to georgia election officials are not constitutionally protected speech as he claimed. the graham request was filed with supreme court thomas who is likely to refer the matter to the full court. >>> election day in the u.s. is just around the corner. at stake, control of congress. right now the senate is split 50/50 with vice president kamala harris giving democrats the tie-breaking vote for a majority. and this year 35 of the 100 senate seats are up for grabs. and cnn estimates 12 of those are solidly democrat or leaning that way, and 20 solidly gop or leaning toward the republicans. and three states are still seen as up for grabs. in the house each of the 435 seat are

however the u.s. special presidential envoy for climate, john kerry, says serious commitments can still prevent the worst effects of climate change. >> if we get more countries directly involved in changing their plans, the more rapidly kill the omissions, the more rapidly we transition, it is plausible we could hope to come very close to it. laura: john kerry there. the u.n. climate salmon is meant to help governments reduce global temperature rise in climate having a major act are circle. in norway they are warming more quickly than any other place on earth. nick has this exclusive report. >> venture deep in the arctic circle you find a unique place. here, the struggle for survival. climate change is on fast-forward. this polar explorer wants to show uhow her world is disappearing. soon. an incredible sight, one frame with sadness. >> to survive as a polar bear now you would have to be super good at hunting because the main source of food are the seagulls and they are diminishing. the ice that the s

u.s. stocks fall. chip stock sinking to 2020 lows after fresh restrictions on china's access to u.s. technology. haidi: lael brainard lays out the case for fighting inflation, the world bank and imf warned of a $4 trillion global recession. shery: president biden condemns latest missile barraged on ukraine as vladimir putin threatens further attacks. annabelle: u.s. futures seeing a little bit of an asian session -- sing a little bit of a pick up on the asian session. when it came to the semi conductors, the pressure was felt across the board. november 2020 lows down 40%. not to mention it was not just washington's actions but it was also the fact we got a peek into earnings season that did not look great last week with samsung. crude prices falling for the first time in six sessions. we continue to see the downside pressure. mobile demand concerns coming to the forefront despite the fact we have opec plus announcing production cuts. not to mention geopolitical tensions around ukraine. we were and it c

u.s. east coast where the nation's mid-term elections are just two weeks away. more than 7 million ballots have already been cast between early voting and absentee ballots. the new cnn polling shows the economy and inflation are the key items for voters. more than half in michigan, pennsylvania and wisconsin say it will determine who gets their vote in congressional races. we're also keeping an eye on the governor's race in the key state of florida. incumbent republican ron desantis and democratic candidate charlie crist landed a set of blows. >> you're running for governor. why don't you look in the eyes of the people of the state of florida and say to them if you're re-elected you will serve a full four-year term as governor. yes or no? yes or no, ron? will you serve a full four-year term if you're reelected as governor of florida? it's not a tough question. it's a fair question. he won't tell you. >> we did not agree on the candidates asking each other questions. >> is it my time? >> it

u.s. technology stocks fell after hours on disappointing earnings from some of the industry's biggest names including alphabet and microsoft. haidi: australia warns of growing debt and deficits as the latest government holds down spending in the first budget, we are live. shery: the twitter takeover saga going to the end, final steps to sum up the cash. the asian trading session, we have the misses coming from the disappointing technology earnings, that is pressuring the market, in the new york session we had a third day of rallies. we had the likes of gm and coca-cola coming up with positive results and that supported markets. we how the 10-year yield falling for .1%, bonds continue to rally. we have seen oil under pressure in the asian session, we are slightly higher in the new york trading session. look at the after hours of trades because microsoft for example talked about the surge in dollar. -- the surge in the dollar hitting their revenue. we saw the gain in the new york session. el

this is a little bit different from the u.s. where inflation is more connected to the heating of the economy, the strength of the economy. in our case, it is much more connected to energy prices. if we are able to address the issue of energy prices, i think we will be able to curb down inflation. >> as top officials are saying, there's probably a case for aggressive rate hikes. do you support that, is that what europe needs? >> i think it's tightening of monetary policy ongoing. it is inevitable. we have to avoid the fiscal policies of the government's going on the opposite direction. you tighten on one side with increasing interest rates and on the other side, you loosen. it is not easy because we all know that in these weeks and months especially vulnerable households, companies more affected by energy prices in europe need to be supported. this contradiction has to be managed to avoid the fiscal policy is competing with monetary policy. but in a certain sense, the support is necessary. what we ask is the support from the gove

the u.s., is expected to cost billions of dollars. tomorrow president biden and the first lady will visit florida to see the devastation firsthand. the goal is to get the power back for those communities thate >> it's going to be a long road. cristian benavides in fort myers christ cristian, thank you very much. >>> president biden surveyed the damage in puerto rico caused by a different hurricane that hit two weeks ago. yesterday mr. biden said he was committed to the island and promised help with on the way in the aftermath of hurricane fiona. it knocked out power and created landslides. it came while puerto rico was still recovering five years after hurricane maria hit. >> the people of puerto rico keep getting back up with resilience and determination. quite frankly, it's pretty extraordinary when you look at it from afar, and you deserve every bit of help your country can give you. >> the damage in puerto rico from hurricane fiona is estimated to be at least $3 billion. >>> secretary of s

the main thing is u.s. rates. the question we have to ask is will global growth recover, therefore we can talk about buying europe. that is one aspect, or will have inflation peter and will the fed react dovish. that is more likely. i am looking for a global growth rebound. i hate being mr. doom and gloom. maybe we see the u.s. consumer back back. consumer confidence bounced back in the university of michigan last number. if that becomes a trend maybe this is all overload -- this is all overblown. that is not the shape of things right now. alix: that would mean some kind of dollar peak but it also seems every fed official that speaks is in no way saying that. fed president charlie evans in his speech in chicago said i see the nominal fed's rate rising in remaining at this level for some time while we assess how our policy adjustments are affecting the economy. that is get there fast, frontload, and stay there. how does that become a pivot for the market? jordan: the market is always trying to price and what comes

amy: as u.s. health experts warn of a tripledemic, we will speak with a pediatrician about how many hoitals are already filled tcapacity with children. >> we are seeg natiolly a marked increase in infections with respitory synctyial virus, also known as rsv. influenza is also spiking right now. amy: rsv starts with mild cold symptoms and can be life-threatening to infants. all that and more, coming up. welcome to democracy now, democracynow.org, the war and peace report. i'm amy goodman. the united nations has warned that countries around the world are falling short of their pledges, putting the world toward catastrophic global heating. an assessment by the u.n. framework convention on climate change released on wednesday found that pledges by countries to slash emissions nearly in half by 2030 are falling far below that goal, with the world on track to see emissions rise by more than 10% this decade. without a change in course, the u.n. warns the planet is on track to see an average temperature r

citigroup said u.s. equity surprise most for a recession but we are not priced yet for the recession we need to be priced for. where'd you put your money and that kind of scenario? >> any stork episodes, when we have fed hiking, is not a great time to be in the market generally. for most people we speak with, we have split the investments into two parts. one is very macro sensitive. even during the winter months, we are still in high asian and low growth. it's two thirds defenses in one third energy. stocks retract in stagflation. sorry. we are in london. i think to their defense and one third energy is good for economic cycle in the short-term. something that has happened in the u.s., the idea of inflation reduction. there are tensions between the u.s. and china and it has only led to 350 billion dollars off of u.s. investments. these are global company saying they want to invest in the u.s. so who benefits? it's all the reassuring stocks, domestic u.s. industrials. secular story is favoring domestic u.

in part because the u.s. oil industry is run by private companies that are beholden to shareholders to maximize profit. because it is run by the saudi state, it can be used for political objectives. for decades the political objective was price stability, is part of why the u.s. saudi relationship has weathered so many stressors. including after 9/11 when 15 of the 19 hijackers were saudi. . we see a huge shift we see the willingness of the price of oil to be allowed to shift wildly, mbs pursuing ace price war with russia in early 20 -- a price war with russia during early 2020 when it cratered. that drove the price of oil below zero dollars. that prompted outrage from donald trump and senator ted cruz who talked about maybe was time for u.s. troops get out of saudi arabia. things are fundamentally different now under mbs. the characterization of him as someone who is interested in drama, is on point. it gets to this of, is it finally going to reevaluate this relationship? we can no longer count on the saudi'

are you don't risk u.s.-russian confrontation, confrontation between nuclear powers that could escalate to a nuclear level? our organization supportive of supplying weapons to ukraine to defend itself, but that cannot be a one note policy is certainly not a policy that says we're going to crush putin that backed him into a corner. former of the joint chiefs, lead pointed out, that is what you least want to do. yet to look at in offramp is even president biden said with respect his concerns about the nuclear issue. there has to be a offramp but they have not defined that. we don't know perhaps there is some sort of behind the scenes talks going on. there has to be a diplomatic strategy, diplomatic track. he can't just be about weapons and we're going to defeat putin. as satisfying as that might be, and nuclear power, don't want to make them think is survival is in the mix here because you don't know what that will lead to. it has got to be a discussion on the merits of what the balance of diplomacy versus sup

elizabeth: that would keep the u.s. safe, u.s. safe and employed. go ahead. >> yes. >> congressman fallon, finish your thought. >> yes. it was, quid pro quo. that is something that, that doesn't pass the smell test at all. elizabeth: so retaliation for violating a secret deal, congressman meuser. your final word. gas is above the national average in nearly 20 states. about 30 vulnerable house democrats there. retaliation for violating a secret back-room deal? >> no. i think it is ridiculous. why don't they retaliate against joe biden for cutting back two million barrels a day which he has done since president trump was in office? they want to retaliate against the saudis. it's a knee-jerk reaction to the liberal policies that are backfiring. you know what? the saudis have a lot of concerns over this iranian deal that the administration is trying to pursue. elizabeth: got it, congressman meuser, fallon, thanks for joining us tonight, gentlemen. good to see you both. >>> staying on breaking news, this new house gop demand, the fbi released information

. >> did the u.s. or a proxy for the u.s. have anything to do with the explosion on the north stream pipeline? >> united states had nothing to do with it. it's just raush propaganda it and disinformation. now we know it was an active sabotage, but there's an investigation going on right now. i don't think we're going to get into -- into credentialing that in terms of, you know, who was responsible. we're going to let the investigators take a look at that, but clearly this was an act of sabotage. >> so you can officially say that the u.s. was not involved in any way in this attack? >> that's right. that's correct. >> not to belabor this, but for the people who look at this and say why would russia attack its own pipeline. that creates leverage the west. what do you say to them? >> again, i can't speak to specific accountability for this active sabotage. i just assure you that the united states have nothing to do with it. of course, that's just russian propaganda. >> so notice the question. did the u.s. -- did the biden adminis

if u.s. yields push higher in the kneeling term -- near term, we have data next week there will be very key. you expect more pressure on u.s. yields and you have to think the 150 has to be hit soon. is it growing or how quickly does he get hit? the ministry keep saying when he took control nonspecific level but assess volatility. i think ryan's, does it class us -- the speed of the movers one thing i am looking at for one, laugh will intervene. haidi: let's take a look at european futures. we saw a good bounce when it comes to bargain-hunting, given european equities took a nosedive, we have seen it down 20% this year. this is broader hawkish and us, we saw the raft of tax cuts dropping some of that optimism in european markets. shery: the tax-cut reversal is a step in the right direction and british institutions. >> we are a top mortgage lender. what is happening is affecting consumers. it's a period of economic stress added with geopolitics. businesses need to get the balance right between

the survey indicates the u.s., the premium for u.s. stocks will remain in place and as peak hawkish and us does become apparent, investors are prepared to return to the u.s. treasury market in droves. the greater finding that came out of this is if you look at where to invest over the longer term, at some point, the survey found the u.s. would be the best place to put your money. haidi: the imf's first updating manager says the imf could pose a risk if banks have not properly hedged their borrowing. many nations are in for a rocky ride as they adjust to dollar strength. >> when you have sizable movements in the dollar, it has sizable implications for the global economy because it is so dominant in trade and finance. the important thing to keep in mind is that there are fundamentals driving these. they seem very steep. tightening is one factor. i think this is going to be rocky for countries but they will have to adjust. they have to use their own monetary policy tools to keep inflation -- >> let me stay with the major countries and loo

it comes as the u.s. is sending the aircraft carrier "ronald reagan" back to the region, as tensions increase, after monday's launch over japan left citizens scrambling for cover. south korea and the u.s. responded with a show of force, but tonight, an embarrassing malfunction. a south korean missile plowed into a military base during a live fire drill with the u.s., turning it into a real live fire. there were no injuries but south korea didn't even acknowledge the malfunction until hours after social media videos showed the huge ball of fire. a local lawmaker blasted the military, saying it had threatened and panicked the local population, which was not given warning or an explanation as to what went wrong. despite the malfunction, these u.s./south korean exercises are expected to continue while that u.s. aircraft carrier heads to the waters off of south korea, bracing not only for more north korean missile launches, david, but a possible nuclear test. david? >> questions about where this heads next for

china needs the u.s.. the u.s. needs china. $600 million in trade last year between the two countries. i think the more u.s. business can keep trying, do business, china do business, that is going to help the sanity of this relationship. >> and domestic policy also at play when pelosi visited taiwan. given the reaction you saw from beijing, how would you assess how volatile this side of the world is right now? >> i think it is very volatile. i would be very much opposed to a visit. it was a huge mistake, but it happened. the reaction was what we predicted, china is very upset. even though china wants a peaceful resolution to taiwan, china is starting to step up the timetable pyramid is very possible. this is very concerning. the navy chief said a few days ago he expects possibly china to try to forcibly take time on by 2024. with a statement like that, it makes the trip even that much more sensitive. i think it is important for the united states to think very carefully about its relationship with taiwan because a m

u.s. mid-term elections a little over two weeks away. early voting is already underway in some states. at stake is the balance of power in congress which largely determines what president biden will be able to do on his legislative agenda. cnn's latest polling found voters evenly split. in other words, no obvious preference for one party over the other. we get more on the key races to watch now from cnn's eva mckend. >> reporter: democratic senate nominee john fetterman getting a boost. n >> john, thank you very much for running. >> reporter: president biden giving him a boost touting the signature infrastructure law. >> this law is more about rebuilding the middle class, something john knows a lot about and talks a lot about. >> reporter: and to fund raise for the democrat who is running in one of the most competitive races in the country against republican mehmet oz. some taking a sharper approach, like knows georgia. >> herschel walker wants to ban abortion. >> reporter: senator raphael

u.s. capitol. some candidates are already sowing doubt about the integritiy of the upcoming election. plus -- it's now been a month of tense often violent nationwide protests in iran, and now the iranian president is accusing the united states of inciting chaos. >>> thanks for being with us. we are following developments out of ukraine where explosions continue to be heard in central kyiv. the first blast came just hours ago, and one official says russia is now attacking the capital with kamikaze drones. cnn's clarissa ward is in kyiv and updated us on the situation just a short time ago. >> reporter: this started about 6:45 this morning. the second explosion was by far the loudest seeming to indicate it was a central location within the city. the mayor of kyiv on his telegram channel said a couple of the blasts occurred in the -- district advising people to essentially stay in their shelters until the air-raid was finished and saying that emergency services had been sent to the site. but

core places to get a good coffee in the u.s. so we came to like this brand a lot. it helped to also cover a gap price point wise that we had before. so, very excited to get complete ownership of the brand and develop it going forward. >> talking about coffee and getting a good cop, what happens with espresso? can you -- good cup, what happens with espresso? can you raise levels of prices? >> we had to adjust prices there with inflation, but the basic interest in the brand and capsule coffee continues to be strong. what you are seeing when it comes to compression is mainly due to the high quarters we are lapping from last year. that was unavoidable. imagine people consuming coffee from home, and now as they move back to the office, we are seeing some of that ease. the fundamental underlying demand is strong. we are very bullish on this brand. guy: then nestlÉ ceo mark schneider talking to francine earlier today. i think the inflationary story coming out of nestlÉ these days is fascinating. i want to come back to what is happeni

mark: u.s. regulators approve finer and moderna omicron boosters for emergency use for young children. the pfizer shock can be given to children as young as five. the moderna booster can be used for children as young as six. the fda director must give a recommendation before the shots can be administered nationwide. american ship suppliers are starting to remove staff from one of china's leading member chipmakers in the wake of new u.s. regulations, regulations to ban chinese companies from buying chipmaking equipment or employing u.s. citizens without a license. -- shrank unexpectedly in august for the second time in three months given the possibility that the country is in recession. the office can for national consensus says a 3% drop in industrial production was the main cause of the decline. many analysts anticipate the decline means the economy will be lucky to avoid a downturn in the third quarter. marking the start of the cost of living recession. thailand will tighten gun control in the

examples because i do think it's not just a u.s. phenomenon but you are right we have seen real examples for the leadership on immigration reform and sometimes republican leaders like george bush in 2004. >> also on the democratic side, unions were previouslyig skeptil and they had to go online immigration became universally embraced and whether you admit more people detrimentally because there's almost an out of control on the left the didn't hurt democrats politically. >> exactly. it is interesting to see where we are in public opinion and one of the pieces i found fascinating about the book, your discussion about the ways in which immigration policy advocates have found various ways to talk about why immigration is good for the country and you mentioned modernization of immigrants to do the things americans don't want to do. also humanitarian story, it's just the right thing to. that certainly is a narrative permeating the world in terms of this discussion today around reform in the country yet when you look at surveys you will s

however the u.s. special presidential envoy for climate, john kerry, says serious commitments can still prevent the worst effects of climate change. >> if we get more countries directly involved in changing their plans, the more rapidly kill the omissions, the more rapidly we transition, it is plausible we could hope to come very close to it. laura: john kerry there. the u.n. climate salmon is meant to help governments reduce global temperature rise in climate having a major act are circle. in norway they are warming more quickly than any other place on earth. nick has this exclusive report. >> venture deep into the arctic circle you find a unique place. here, the struggle for survival. climate change is on fast-forward. this polar explorer wants to show uhow her world is disappearing. soon. an incredible sight, one frame with sadness. >> to survive as a polar bear now you would have to be super good at hunting because the main source of food are the seagulls and they are diminishing. the ice that the

i think u.s. inflation expectations medium-term, long-term, even wages, should be higher by 70 basis points compared to europe and the market is looking at current energy and saying, to your inflation in europe, i think that is two to three year in europe before significant disinflation because this is negative for aggregate demand. this is not positive for aggregate demand. guy: where does that put the fed ecb spread? >> the front end, that is being priced correctly because i think it is being price for a peak of five and ecb for about three. the back and i think were u.s. rates could rise compared european rates. -- the backend i think where u.s. rates could rise compared european rates. by the way, even more that u.s. sources -- that is one part of the world we don't speak about too much but that poor is cold. that is china. not so much likability because of coronavirus, which is also a problem, but, prosperity is a structural issue. if that is the case, there is no reason why korean duration o

in the previous u.s. administration, the previous u.s. president committed not to exercising with our allies, japan and south korea in the region, which degraded military readiness as part of his summit deal with north korea. but that military readiness is important for deterrence so that north korea doesn't think it can get away with some sort of military coercion against the united states or its allies. and we also know that military exercising doesn't really stop testing by north korea. the only thing that stops testing by north korea is some form of negotiation. host: let's hear from dan who is in brooklyn. a republican. morning to you, dan. tkphapb brooklyn. are you there? -- dan in brooklyn. are you there? one last call for dan in brooklyn. republican caller. are you with us? caller: yes, i am. host: ok. go ahead. caller: two questions for -- good morning, professor cha. the first one is, much of the nuclear technology of north korea seems to have something of a russian origin and to the great consternation of china. i wonder if the