>> u.s. department of defse has a larger annual carbon footprint than most countries on earth, and it also is the single largest polluter on earth. amy: today we look at the seldom discussed link between u.s. militarism and the climate crisis. the u.s. military is one of the world's largest greenhse gas emitters and the world's biggest consumer of oil, but milary emissions have been exempted from international climate treaties for decades. we will speak to two u.s. veterans. >> it is absolutely imperative that winclude u.s. military emissions in the overall acunting ogreenhouse gases emitted into the atmosphere, even if it is politically inconvenient to do so. amy: plus, we speak to stella moris, the partner of julian assange. she is in glasgow highlighting wikileaks's role in exposing the hypocrisy of wealthy nations in addressing the climate crisis. >> julian should never be extradited because he was doing his job as a journalist, being criminalized as a journalist. amy: all that and more,

if the u.s. were to do it, about, let's say the maximum as a one-off, they can do 30 million barrels. prices will come off. china is going to come and buy. back in 2011, after the spr, we were down just for four days. it's a temporary measure. it's going to be a short-term measure. it will not solve the problem. stocks are very low. we ultimately need more supply, investment, investment in the upstream that gives us more supply and that's not coming. dani: so, it's not coming and there's some question over whether we get that strategic release. there's some question over what impact that would have in curbing oil prices. how high could begin this market? francisco blanche, who continually says we are going to get $100 plus oil,'s new estimate is $120 by june. where are you seeing prices go to? amrita: look, we have always probably been on the bullish side, and for structural reasons, because we have been highlighting this supply mismatch for some time. we had $87 brent for next year back last yea

the u.s. thou to work together to cool down the planet in a surprise joint statement injecting fresh momentum into the last days of cap 26. and elon musk cells additional tesla shares. he's now collected more than $5 billion in just days. welcome back to london, dani burger. let's get to some of the breaking news we have coming across the bloomberg terminal. some results from merck, third quarter net adjusted sales 4.90 7 billion euros. they are talking about adjusted earnings-per-share of 2.4 euros. dani: i am back, ready for the break. the industrial giants, for them may be a little bit more positive than it was. a slight rise from 2022 margins after profit beat. seeing revenue growth at 5%-8% for next year. something analysts had expected and that definitely played through, the group was able to cope well with pressures coming from the supply chain shortages. that means their net income of 6.7 billion euros for the financial year that ended september 30, that means -- beats the consensus of

u.s. intelligence has detected a buildup of russian troops to prepare for a rapid, large-scale push into ukraine. we will have the details. good morning. the simplicity of the rise in cases across europe versus the difficulty, the complexity of the policy response. i want to show you the rate of infections across the eurozone. the infection rate, the death rate, and the impact on the health care system across the continent leading to these measures across austria, the netherlands, germany, to try and combat record infections. seven day average in cases in europe, 250,000, the rest of the world is 80,000. this despite the relatively high level of vaccination rate. we will get more details from maria tadeo on the policy response, but i wanted to visualize what has triggered the kind of action we have seen from governments in the euro zone. that is pressuring the euro. we will look at that shortly. picking up on china, the csi 300 and focused today, gains on the mainland after the pboc put ou

we commend the u.s. for taking the lead towards accountability, and we also urge the european union and other governments to take similar restrictive steps to help surveillance companies accountable. anchor: focusing on ways to finance fight climate change. >> the united states intends to fully support the climate investment funds capital markets mechanism. there and innovating -- through an innovative leveraging structure, this will help attract significant private climate finance and provide $500 million per year for the clean technology funds programming that includes the new accelerating coal transition investment program. anchor: the leader of a gang is asking the u.s. to help overthrow the government. demanding the prime minister resign. >> at the cost of blood, we are going to dislodge him from the office. afterwards, the country will be handed over to men and women of civil society who will have to govern responsibly. anchor: we have more from port-au-prince. reporter: that was nothing short of a

the u.s. and china but even there a dramatic acceleration is not the continuation of trend, it's a dramatically different scenario. if you take it forward rapidly, it has a momentum and character on its own and that's what happened in 2020 with the u.s. and china. in china's case, we might come to this in a second, it reversed 17 years or so on global public health where it was more cooperative,e, relatively more transparent for the most part with some bumps and 2020 brought that to a halt and reverse it so i think it. is a separate dynamc is not just a continuation of what we had previously. >> in a second i'll get to the subtitle, and of the old international order but on the u.s. china, fascinating material about china's corporation with the who, i'm not sure the language was. >> the audience evidence quote. >> he said something about what xi jinping has done to him personally but talk about what you discovered in terms of who politics. >> entrance case, the shock to him of having tohe shut

the u.s. and japan may tap into reserve this week into -- in a bed to rein in prices. that's a bid to rein in prices -- a bid to rein in prices. how we are starting debt hitting the start of trade in sydney. we are seeing nervousness potentially when it comes to sentiment in asia. the changing of the guard at the fed and hawkish central-bank action is expected this week with the bank of korea expected to rise by at least 25 basis points. this is where we are seeing a little downside. we are watching out for qantas, the loyalty program. australians are burning through 7 billion of those frequent flyer points over the last several months. potentially a new flight route from qantas this morning. trading up 7/10 of 1%. more tightening from the central bank. it looks like we will see a flat start to training going into the start. s&p futures up by about 25% 1%. we are watching the kiwi dollar. it is set to rebound. to put a stop to the selloff we saw earlier in the month. the aussie dollar is tradi

in the u.s. government must harness the power of free markets and be champions of free markets as we re-examine regulations, trade, intellectual property protections the means avoiding mandates and atrocities we live in an era were even in the depths ofnd a pandemic, companies large and small have voluntarily committed to carbon neutrality by theco midcentury pretty good governance should empower the companies to c achie their goals not pursue heavy-handed top-down mandates that drive up costs and reduce options. not just in the u.s. but rather world. and with respect to greenhouse gases, we needd to remember the data matters, coal oil and natural gas are in is visible to the global energy system in the global economy. in 1931, coal oil and natural gas fueled a 6 percent of the global energy supply and 2019, this decrease only slightly to 81 percent. i'm a championing of an renewables and i'm very proud of the fact that renewables have been able to grow the united states and over 11 percent last

. >> the u.s. and japan may tap into their oil reserves this week as policymakers look to rein in prices. >> protests in europe look to push tougher covid restrictions. hawkish fed remarks. felt across the markets. u.s. stocks falling on friday. although the nasdaq did outperform, it was really the economic sensitive stocks like financials and energy that led the declines. the dollar index muted going into this week evan it is -- given it is a thanksgiving shortened week in the u.s. we had crude falling towards the $75 per barrel level. the prime minister in japan talking about releasing and tapping its oil reserves. at pushed oil markets down. -- that pushed oil markets down. it is really about what is happening at the fed and leadership they are because we are expecting a leadership of who will be leaving the fed after february, after the term of chairman jerome powell's -- after the term of chairman jerome powell ends. we are expecting a decision before thursday. it does not matter who becomes t

and above all threaten the u.s. public and senior decisionmakers that unless the united states backs down on the crisis and bails out on our allies, then we'll face catastrophic cyberattacks against the power grid, water systems, and other critical infrastructure on which public health and safety depend. chinese military doctrine and capabilities focus on achieving just these coercive effects. last week, john, you know, the pentagon released its annual review of chinese military developments. let me quote from that report. the people's liberation army seeks to employ digital influence operations, that is overt and covert influence activities conducted through the internet and social media platforms during peacetime and war. elisabeth, this goes to your important analysis of understanding the dark gray zone, but also hybrid warfare, how from peace time to war, across with the joint staff called the conflict continuum, we can expect information operations to go forward. giving a conflict we should expect china to cond

it would shape u.s. behaviorukre russian bombers are flying over belarus airspace near the polish border. so i guess that ongoing coercive fos get ready for information operations des divid the rest and discourage us from coming to a of those that we nea recommendation that has been offered in their respective studies offer a terrific foundation for defeating coercive operations. much more remains to be done. i look forward to discussing those options. elizabeth, your ideas on deterrence and the minutes to come. thank you. >> i would like to now invite elizabeth to share her opening remarks. >> thank you. if i can just add to what paul said, he has written the most important study that has been written of about primarily electricity, but it may seem like an irrelevant question until we don't have electricity. i want to talk about is what daily life looks like first citizens in western democracies. so if we look at the situation in poland and lithuania as we speak, there is what we call the migrant crisis

the u.s. president admits consumer prices are too high and pins his hopes on an infrastructure bill to counter the biggest jump in inflation and 30 years. there is a hopeless situation on the belarus-poland border as migrants remained stranded in freezing conditions. afghans bracing for another harsh winter, caught between starvation and home -- at home or displacement abroad. china and the u.s. have issued a joint declaration in glasgow, promising to work together more closely to bring real action on climate change. they held separate news conferences but they said they would cooperate to accelerate emissions reductions that are needed to meet the temperature goals of the paris agreement. on friday, the final details have yet to be agreed on among the 200 countries taking part. andrew simmons with this report. >> it came out of the blue. first the chinese special envoy to cop 26 announced his country would work with the united states on climate action. >> i would like to announce an important

the u.s. at home. the witnesses today will be able to speak to the other part of the agenda, what we will be doing globally through development programs to help the world reduce carbon emissions and build resilience against a changing climate. during this hearing, i hope we will discuss the goals of our programs and what we are looking to achieve. i would like to hear about usaid and other agencies are balancing their work between climate mitigation, reducing carbon emissions, and resilience or adaptation. i strongly believe that combating climate change is critical for effective development outcomes. if we fail to take the filament into account, the roads we build will be washed away in the next hurricane season. not taking climate into account leads to less sustainable results. in short, international development is climate policy. i look forward to your testimony today. i hope the witnesses will speak about how their organizations to climate-related work and how a changing climate will affe

bit stamp u.s. ceo bobby zagata is here in a fox business exclusive, and restrictions, one of the nation's biggest banks slapping a new rule today on its brokerage clients, they can neither take long or short positions on certain cannabis stocks. which ones can they buy and what does it all mean for weed wonder tilray here in a fox business exclusive we'll ask him , plus, major questions at this hour about how eight people could have been killed at a travis scott concert in houston, on friday. we'll take you straight to the lone star state for a live up to the minute breaking detail on the astroworld festival tragedy but first we begin with a fox business alert yes the infrastructure relief rally has investors piling in, all that's left now is president biden's john hancock. late friday, the house finally passed the $1.2 trillion bipartisan infrastructure bill, to package with specific sectors already moving on the cash coming their way. specifically, the package includes $7.5 billion for the creati

can the u.s. do anything politically through negotiations with the rest of the world to protect taiwan in the future? do you think that is kind of a done deal? guest: specifically on the solomon islands, you have stumped me. the broader trend in the region -- the philippines is an example of this. countries not thinking twice about where to put their allegiance in terms of whether or not they are going to partner or ally more closely with china or the united states. there is real diplomatic and economic competition happening in that part of the world. that is becoming the key focus of u.s. foreign policy. the end of pacific region -- indo-pacific region, this competition between the u.s. and china is playing out. in terms of taiwan, it is a very deeply concerning situation. you have taiwan, a robust democracy that happens to supply most of the world with key components that go into all of our electronics, under direct threat from its much larger neighbor across the taiwan straits. president xi has

that coordination in terms of the u.s. aligning with the u.s. aligning. that disappointment from some that there is not more released into the markets. future, losses .1%. tech was lower but some of the cyclical financials higher stateside. raising some of the fancy you saw on the yield yesterday down by three basis points. the new zealand dollar is in focus. a quarter point increase in rates in line with a survey by bloomberg. many had anticipated a bigger rey rate increase. looking at 2% by the end of 2022. fran? francine: the focus, some of the sectors is on some of the inflationary countries. we look at banks. if there is an interest rate hike, that would be beneficiary for them. there are not huge gains but if you look at what we heard from oil, president biden saying it should be redistributed in terms over the retail gasoline prices. the 10 centers this benefiting because of the release should be passed onto the consumer. autos and retail leading the loss. not huge moves. in the range of falling or gaining 0.3 or 0.4. >> kathy woods says the money

the u.s. announcing restrictions on travel to here from south africa where the variant is spreading experts troubled by the large number of mutations. while there are early indications it could be more transmissible than previous variants, it is not known if it is more deadly and if it can weaken the effectiveness of vaccines uncertainty rattling financial markets today as the u.s. averages 90,000 new covid infections a day. in a moment, some of my conversation with dr. fauci about the omicron variant. but first, gabe gutierrez with the latest >> reporter: tonight concern over a new highly transmissible covid variant first identified in south africa is rippling across the globe the white house imposing new restrictions on air travel from eight countries starting on monday a world health organization panel has just named the strain omicron and classified it as a variant of concern. >> this variant has a large number of mutations. and some of these mutations have some worrying characteristics. >

here's what u.s. president joe biden had to say about the outcome of virginia's gubernatorial race. >> i think we should have passed before election day, but i'm not sure that i would be able to have changed the number of very conservative folks who turned out and the red districts who were trump voters, but maybe, maybe. >> while losing the top offices in virginia, a state mr. biden won by 10 percentage points last year, is a demoralizing defeat for democrats. and as cnn's jeremy diamond reports, it sets the stage for the midterms. >> reporter: well, there is certainly some soul searching even hand wringing at the white house on wednesday in the wake of democrats' big loss in the state of virginia. the democratic gubernatorial candidate terry mcauliffe losing to republican glenn youngkin, and some here at the white house and in democratic circles seeing warning signs for the midterms, which are just a year away. we did not see, though, that kind of soul searching from president biden on wednesday. he

u.s. and a number of other countries are releasing reserves from strategic petroleum reserve's. opec returned on that, concerned about a surplus in the market. seeing the surplus expanding by 1.1 million barrels per day. some delegates indicating that the planned output hikes for january might be canceled when opec+ meets next week. so a lot of interesting words are being exchanged. shery: also, interesting words from jamie dimon that clip on china. . we are watching for reaction from beijing. so far it has been really quiet, but the jp morgan ceo already walked up his comments earlier that jp morgan would outlast the china communist party. $20 billion of exposure there, is not that surprising. paul: yeah. let's talk more about the fed minutes. flexibility was the buzz word. officials stressing they should be able to be quick on their toes when it comes to shifting the case of tapering, as well as the timing of rate hikes. let's take a closer look with our reporter stephen matthews. reason

the u.s. and china worked together in glasgow, but how will the u.s. balance cooperation with the obligation to collect china for human rights abuses? and shake, -- sheik al thani, you call for more engagement with the taliban. how unified are you with the u.s. in your approach? do you think the u.n. should consider delisting the taliban from the shank -- from the sanctions regime? thank you. secretary blinken: i would be happy to start. on russia, we are very concerned about some of the irregular movements of forces that we see on ukraine's orders. -- ukraine's borders. i can't speak to russian intentions, we don't know what they are, but we do know and have seen in the past russia amassed forces on ukraine's borders, claim to some kind of provocation by ukraine, and then invade, basically following through on something they were planning all along. that is what they did in 2014. so, this raises real concerns about an effort to repeat what was done than, which as i said the other day, would be a serious mistake. we are in very close consultation with

the u.s. does alone, not. but if the u.s. does it with other nations, perhaps. the difference is that opec-plus think they are going to counteract that by possibly reducing production. this is setting up quite an interesting dynamic. tom: the president to tap the strategic petroleum reserve with other nations. that is a key item here. it's got to be coordinated to have any price function. kailey: the question really is what is the sum total of the coordinated move going to be. india is only looking at 5 million barrels. just think about the additions opec+ has put in over the last month. is 4000, 5000 barrels a day. the question will be what is the size. it is going to be in parallel with china, india, japan, and u.k., confirming what we already had been signaled. you have five nations doing this together. how much is that actually going to be? tom: do we see a moving oil? i can't tell. we are down a dollar on west texas intermediate. lisa: you saw a little move lower. we are near the lows of

it was mentioned the u.s. and china did agree on climate, methane emissions and omissions and general, so you do see a little bit of easing of the tensions between the u.s. and china. you still see other tensions in places like taiwan, so a complex relationship. romaine: complex to say the please. the tension still stand. some would say the relationship today is worse than the trump administration. the new trade representative, how involved has she been with her chinese counterpart? >> she has had a number of meetings with her counterpart. she told reporters she thinks this meeting between joe biden and xi jinping would be good for trade. she acknowledges that there are tensions between the two countries she wants to bring down. there is discussion about the trade deal and china's ability to uphold its end of the bargain purchasing u.s. products. you made a great point about continuing the trump administration policies. in washington, there is a since the u.s. needs to be aggressive with china and beijing. thi

u.s. futures also in the positive after tech powered the s&p to another record, the 66th record for the s&p. a divergent picture because tech in china was pressured by those earnings from alibaba that disappointed, and the stock there fell by as much as 11% in hong kong. let's check in on the european markets. on the u.k. ftse 100, you are flat in the opening seconds of the trading session. still weighing up what was slightly more hawkish commentary from fed officials overnight in the states. the question mark as to whether investors need stock pricing in a more aggressive -- and more aggressive rate hikes from the fed. the cac 40 gaining zero point 4%, reflecting what we saw in the futures. a spanish i back up by 0.3%. the german docs gaining -- german dac gaining as well. covid restrictions are put in place and are so focused on those strong corporate earnings. the futures in the u.s. gaining almost 0.5%, building on those records we saw yesterday. tech very supportive. that will buy int

u.s. presidents. among his assignments he spent five years at the national security council, first as director of soviet affairs under president george h.w. bush, and later as senior director for russia, ukraine and eurasia affairs under president clinton. in those roles he helped shepherd the united states through the clachs of the soviet union and establishment of new relationships with the former soviet bloc countries. in 1997 he was named u.s. ambassador to greece where he helped to expand our bilateral defense relationship and counterterrorism. in 2001 president george bush selected him to serve as u.s. ambassador to nato. he took post one month before the attacks of 9/11. when the alliance invoked article 5 for the first time in its history. he later served as secretary of state for political affairs. ambassador burns has established a deep understanding of the united states' relationship with china and has been a returning visitor to china for more than three decades. as a junior of

a year us -- u.s. jury is asked to wait murder of self to you -- defense, the closing arguments in the trial of the killing of a black man by three white men in georgia. ethiopia's prime minister says he will travel to the front line tuesday to lead the military against rebel forces. he said it was time to lead by personal example in a statement posted to social media. advances from the northern region are pushing further south toward the capital. thousands have been killed and more than 2 million displaced since the conflict started. abiy ahmed called on all ethiopians who want to be remembered in history to join him in the fight. he said whatever absence is created by his departure, he would assure officials in addis ababa would continue to do their job. a spokesperson for the tigray -- they say that his vow to join forces in the battlefield was another sick joke. william lawrence is a former u.s. diplomat and puts -- professor of political science and international affairs at the american university

the u.s. curve is steepening and u.s. stocks are outperforming and that is a narrative that will continue into year end for the moment. dani: strong earnings from wal-mart and home depot. but i have to wonder is there any indication that this might be people buying now because they are worried about inflation and the holiday season that this is your sort of sped up and might see that sentimentite weao sales? mark: dani, you're preaching to the converted here. i'm completely in the camp that this is people getting ahead of a problem that is building up a little bit later. and i'm a bit concerned. but i don't -- the market is not worried about that right now because at the moment we don't know what the -- we know we have an inflation problem. we do have an indication that the consumer is getting out of things because they heard of the supply side problems. they know there's an inflation story coming. that means you might have a bigger problem later. but until we know the central bank reaction function very hard for investor

the u.s. needs to ensure an all-of-the-above energy portfolio. i don't know if you have seen someone on the republican side of the aisle to oppose. we need a balanced portfolio so we don't end up where europe has ended up at the moment. we cannot go back to the days of overdependence on foreign countries for our energy. do you agree the u.s. should increase made in america energy, including renewable and traditional energy sources? mr. bryce: i believe so, sir. i mean, this is something that has been a thesis that policymakers on capitol hill have been talking about since 1973. the international energy agency was formed after the oil crisis of 1973, focused on energy security. so absolutely. i think -- but i will say -- i will add what i have seen in texas -- and i know senator heinrich has left the dais. this does not include the dispatchability of renewables. i do live in texas. i'm from oklahoma. proudly so. but when it was -- when the ercot grid was on the brink of failure, solar was not f

the u.s. not to encourage taiwan's bush for independence. we will get the reaction from our china correspondent. six people are killed after suicide bomb attacks in uganda. we will hear from our correspondent on the ground. the u.s. calls out russia over a missile test that endangered the crew of the international space station. we will have the latest. ♪ welcome to "world news america." migrants have been targeted with teargas and water cannons by polish security forces. seven officers have been injured. poland has accused belarus of trying to push migrants across the border. a charge belarus denies. our correspondent is at the border between the nations and synthesis report. -- sent us this report. reporter: first, they asked to be let in. now they are demanding. in belarus, migrants have run out of patience. this is a polish water cannon. migrants on the belarus side started throwing stones and ks is broken out. it's quite difficult to breathe. >> [indiscernible] reporter: for two hours,

u.s. border. that senate hearing starts at 2:30 eastern. watch all of our coverage online at c-span.org or watch more coverage on c-span now, our new video app. >> the senate energy and natural resources committee examined the contributing factors of rising energy costs. lawmakers also heard about steps the federal government could take to provide some relief. the hearing is just over two hours. [inaudible conversations] >> come to order. the committee's meeting today to vote on two nominations and to hold a hearing on energy price trends. parts of the business -- purpose of the businessth meeting are ae to vote on two nominations that were postponed because not all the senators we needed for the vote were present. ms. laura daniels davis and ms. sarah bronin. since we still don't have all the senators we need, i propose a recess to business meetings subject to the call of the chair. we will then consider the two nominations on thursday morning at 10:00 as part of the legislative business

the u.s. and other nations falls short. jamie dimon says his bank is likely to outlast china's policy. will it affect their business? that is a more important question for jpmorgan morgan. three rate hikes by the fed next year as we look ahead to that data deluge later out of the united states. even the's, i.p.o.'s and some expensive soflt ware names as well. you can see a leg lower for that section of the market. hedge funds settling down. is this healthy? is it a sign of the market adjusting to a higher rate environment? will it be sustained? let's check in on the marbles. red on the screen for asia for the third day. japan opening after a national holiday. the nikkei is down by more than 1%. u.s. futures looking flat with a mexicoed close yesterday. currently at 162. yields slightly lower. consumer and durable goods as well. prices higher by almost .2% for brent crude. around the release of reserves. we wanted to focus in on new zealand's currency. hiking rates yes but by .25% bringing the

u.s. president joe biden's 1.57 -- $1.75 trillion spending bill -- the united states has condemned the detention of yemeni staff. secretary of state antony blinken says dozens have been detained in this region because they work for the u.s. in a caretaker capacity. emergency crews are trying to reach people still stranded in british columbia days after floods and mudslides destroyed roads, houses, and bridges. those were the headlines and they continue after inside story. stay tuned. ♪ >> the continent must perform, that is the message from america's top diplomat to african leaders. antony blinken has been visiting ahead of a summit in washington. has it worked? this is inside story. ♪ host: hello and welcome to the program. u.s. secretary of state antony blinken as been visiting several african countries, part of the biden administration's push to increase cooperation and strengthen relations. blinken has sought to assure leaders this one will treat africa as an equal partner is not c

it is not that u.s. regulators had looked at leon black, when the investigation at apollo had taken suit. a law firm was fired, that happened differently than what you are seeing at barclays, which was brought on by a regulatory body. matt: we should make it clear, we don't have these polemic every findings. this is something regulators have shared with barclays and jes staley, and they made their decision based on that information. but it seems jes staley wants to fight this and clear his name. he says i don't want to distract from the job we are doing at barclays, i don't want to be the spotlight for investors. i will step down so i can fight this vigorously. there must be something there that he wants to fight. sonali: i think back to that report that we got from credit suisse. that took a couple of months. this has been a years long investigation and we don't have details about what regulators found and why it led to his ousting. shares of barclays were initially down on the news. this is the guy who

i think the u.s. wants to show they are engaged with democracies around the world as a counterbalance to china. >> anthony zurcher, thank you. staying with u.s. foreign-policy, and sending -- as anthony said now, america's secretary of state is in africa and has extended the decision to suspend ethiopian access to a lucrative u.s. trade program. mr. blinken sat down with our senior background forgot -- africa correspondent and sawyer. >> what is your prognosis of the situation? anthony: -- >> there is a real risk if this continues. if all sides continue to believe there is a military answer to their problem, then, we really whisk -- risk seeing violence increase, suffering increase, and, in chile, -- potentially, the state, ethiopia, pulling apart. so, this is of deep concern not only to us but many countries in the region and around the world >> you have applied pressure by denying access to the u.s. market by ethiopia. but aren't you aiming at the wrong target? the people who will suffer, tens of th

bush's u.s. trade representative and chief u.s. negotiator for the 1992 north american free-trade agreement, carla hill is joining us now, live in a fox business exclusive. ambassador how much is riding on this summit with the so-called three amigos? >> i think it's incredibly important, as you mentioned, the leaders haven't met for five years. most americans don't appreciate that mexico and canada are not only our neighbors, but they are our two largest export markets. one-third of our total global trade goes to our neighbors, and it may account for 13 million u.s. jobs. we have a unique relationship with them, because it isn't just that we trade with them. we build things together with them. 40% of what we import from mexico is u.s. content, and it's 25% of what we import from canada is u.s. content. compare that with 4% from japan and 2% from china. so this three amigos meeting, that's what they called it at the beginning, really needs to focus on the things that we can do together and it's a very long and important list. liz: w

and the u.s. the mastercard ceo told the forum that the labor market recognition that has become known as the great resignation may stay for some time. he says have competition in industries in great demand, such as hospitality and health care and finance. he says staff a.i. and, digital identity or separate case skills know that they can do better -- cyber skills know that they can do better and that is why they are looking elsewhere. 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. yvonne: we are live at the bloomberg new economy forum in singapore. haslinda: is with our next guest, focusing more on vietnam now. haslinda: vietnam, e.v., climate. our next guest is from vin group, whose automobile unit plans to start selling electric vehicles in the u.s. and canada and europe next year. let's bring in laity to tie -- laid the two -- let's bring in le thi thu thuy . so

the u.s. plant in the forecast of 2022. they will begin mass production in the second half of 2024. the $17 billion chip plant was much awaited. we heard reports that this was happening. this would be the second chip factory in texas. this coming at a time where we continue to see this rate to extract -- expand chip manufacturing in the united states as we continue to see that pressure on the global chip shortage for every sector out there including automakers. samsung sees this just outside the existing austin base. this plant will help propel u.s. chipmaking and we are getting that confirmation that the outflow will begin in 20's when he four. we will be watching -- in 2024. we have seen gains for three consecutive sessions already. >> we are seeing oil futures rising by the most in two weeks after this landmark plan. the announcement from president biden about the release of auto reserves shortly after that announcement, the president called out gasoline supply for not passing on savings to

the u.s. lifts the international travel ban. >>> we have all angles covered today. first the ceo of british airways and then with the ceo of hilton about the demand he is seeing in business and leisure travel and a huge hour of earnings after the bell paypal, roblox, amc and many more >>> but let's get to the big stories. mike santoli, frank holland and pippa stevens. mike, let's start with you broader markets and higher the run continues. >> yeah. higher, slowed down and preserving the gains adding to them today is five weeks since the market bottomed with the september into october pullback. 5% at max and we are up more than 10% since that intraday low five weeks ago market had a sprint since that moment it is by almost every measure looking like it's getting stretched. doesn't mean it's over it looks like the stats early april and then into july and doesn't mean stops in its tracks and starts to fall but further gains sometimes don't stick around in late 2017, we got to overbought readings

the u.s. lifts covid-19 restrictions for foreign nationals. the conflict in ethiopia's tigray region could spiral into civil war, that is as of this morning from the un security council who has been meeting to discuss the situation. it is calling for an end to the fighting and urging dialogue. ethiopian forces have been fighting rebels for a year. rebels are threatening to march on the capital addis ababa. >> over 90 different ethnic groups and 80 languages. no one can predict what continued fighting and insecurity will bring. but let me be clear. what is certain is that the risk of ethiopia descending into civil war is only two real. that would bring about humanitarian catastrophe and consume the future of such an important country. >> al jazeera has more from u.n. headquarters. reporter: the security council received a bleak message from a number of speakers and that is that time is running out. threats of an impending civil war in particular, deep concern crisis that has alreadyside is that

the u.s. military is getting ready for transitioning of u.s. doctrine away from the physical destruction of the enemy's order of battle, toward shaping the adversary's behavior and perception, trying to win in the cognitive realm as opposed to annihilation of forces. the u.s. military is transitioning toward this new information from, what i don't see u.s. defensive capabilities getting ready for the risk that adversaries will do onto us as we are preparing to do on -- onto them. and that is crazy, right? given chinese and russian doctor and i alluded to earlier, it makes sense to only focus on ongoing coercive -- i'm sorry, ongoing corrosive campaigns and ignore the risk that hybrid warfare techniques, for example, that elizabeth wrote about, mike adapted to very different circumstances. -- might be adapted to very different circumstances. mr. ferrari: i will pick up the point on how it is affecting the u.s. military. if we were to say couple of years ago that china or russia could reach into the u.s. military and eliminate 5% of the force ove

this includes u.s. allies and partners, financial institutions, and other actors within the financial system, nonprofit organizations, and the media. we will do this by using existing forms where we meet with our allies and partners to coordinate and collaborate on sanctions as well as build a more formal mechanism for receiving feedback and advice and providing information to stakeholders. five, we plan to modernize our operational capabilities. as our threats to our nation changes, we must adapt. this will involve stream looing current functions as well as making work force and infrastructure investments to take on growing threats like ransom ware and other cyber crime. this effort will require building on current processes in some areas and changes in others. certain changes may be implemented in the near term while others will require further deliberation and analysis to determine the best path forward in collaboration with the state department and other executive branch partners. in many cases impo

the u.s. a much-anticipated pledge to cut methane emissions gets the support of more than 100 countries in the final day of world leaders at cop. finance firms representing $130 trillion worth of assets sign up to zero pledges. we are speaking to richie soon at -- rishi sunak in glasgow. breaking news, lufthansa deliver their numbers, surprise profit as bookings surge. the numbers, 17 million euros in the green as opposed to a loss estimated at 169 million euros. a third quarter net loss of 72 million euros, the estimated loss 213 million and a free cash flow of 13 million euros. by the way, lufthansa is leading the league table in terms of putting more flights on the roster. lufthansa flew 479 flights in 2020. you are still looking at a lower number than that. we are seeing a surge by lufthansa in terms of the flights they have been delivering and turning around. summer profits based2÷ largely n the record results of cargo and the network airlines that normally drive the business reporting a

one of its nearby neighbors, a u.s. military base, camp lemonnier, home to 5,000 u.s. troops >> everything here -- >> reporter: meet the most senior u.s. officer in africa. >> this is the only example of the chinese base so close to a u.s. base. >> certainly and whenever i hear that, i always say it's china's first base i believe there will be others. >> reporter: camp lemonnier is located in the horn of africa near countries battling islamic extremism and close to crucial shipping lanes. the chinese have now completed the construction of a pier close to here. do you expect to see a chinese aircraft carrier docked there, chinese submarines >> i think the pier the chinese have constructed will be capable of hosting just about any vessel within the chinese inventory. we have not seen chinese vessels at that pier yet. i think that's only a matter of time. >> reporter: earlier this month, after china's reported tests of a hypersonic missile, the chairman of the joint chiefs told lester about the growing threat from china. >> we're witnessing one of the largest shifts in gl

u.s., s&p still trading a little heavy, down 0.3%. guy pointed out in the last hour that if it did in higher, it would be the ninth straight trading day, and we haven't seen that kind of continued increase since 19 624. in the s&p, we got general electric up by 6%, getting some of that valuation pop. tesla one of the biggest decliners within the s&p, down over 6%. michael burry of "the big short" fame came out and said maybe elon musk should sell some tesla stocks to pay for his personal debts. don't quite know where that came from, but the reaction in the stock clearly evident. what is interesting is you're still having a ferocious rally in the bond market here. the nfib kind of mist. the producer price index came in quite hot. the question is what will the cpi do. it does feel like we are adding a lot of buying coming in. maybe there is some short covering. we also have tenure auctions. so watch that space. it will be fun. guy: i think elon musk doesn't get paid by tesla. that is what my

citigroup's u.s. head of consumer banking joining us to talk about the banking giant's strategy in this space. he just moved over from europe and asia to the united states. we will get a global perspective. that is next. this is bloomberg. ♪ ritika: this is "bloomberg markets." coming up, dana peterson, commerce board chief economist. this is bloomberg. ♪ president biden is facing pressure to decide how to address the surge in gasoline prices. officials will be looking at new energy price data tomorrow. opec+ has ignored requests from some of the world's biggest oil consumers, including the u.s., japan, and india, to increase supply to meet elevated demand. the pentagon has increased orders for specialized chips used in gps dependent systems. israel is set to allow some tourists to enter the country even if they haven't had booster shots, according to the country's health and tourism minister. testing will be required. each group will remain in a so-called capsule and be kept away from crowded are

this was a bank recently valued at about 9 billion u.s. dollars. discontinuing their u.s. operations. if we get more, we will bring that to your attention. by the way, metro bank, one of our stocks to watch, falling 20% after talks with carlisle came to an end. coming up, we have been speaking to noel quinn at the new economy forum in singapore. we will get his views on inflation, and of course china. this is bloomberg. ♪ tom: welcome back to the open. we are 11 minutes into the european trading day. futures in the u.s. pointing .2% up. the trend of the global economy has been a key theme on the second day of the bloomberg new economy forum. earlier, we spoke exclusively with hsbc's ceo and got his views into u.s.-china relations and of course the inflation space. >> the world's economy is recovering. it is recovering well. there are tensions in the supply chain. we should not be too surprised by that. we went into past reserves. we are now going to fast-forward. there will be friction in the supply chain for a period of time. we take it as a positive that the economy is

but with respect to the u.s. economics or the covid situation, it is just the composition of the equity market. you gave the perfect example about the car industry. the sort of technology advantage that the u.s. market has come of the disruption that is going on in our economic system, is accelerated by covid, but it is not started by covid alone. i think that advantage for the u.s. market will continue to be there, so we do expect the discount to remain, but also to make it smaller into next year, so it is a tactical opportunity to belong europe compared to the u.s. for next year, but i don't see over the coming years that the gap will be closed completely. guy: you are over there talking to investors, talking about what is happening with europe going into next year. as you are doing that, i am watching the euro go lower and lower. we had a $1.13 handle today. if i compare the current see hedged story in european equities, the dax year-to-date and euros has done 18% to the upside. the cac 40 has done 28%. the da

will restrict travel for non-u.s. citizens from south africa and seven other countries where the new variant was discovered also happening today, joe biden will hold a press conference regarding the white house's response to the new strain nbc's gabe gutierrez has more. >> reporter: good morning. here in new york, the governor has declared a state of emergency, taking effect later this week, to increase hospital capacity all this as countries around the world are now scrambling to contain this new variant with the holiday travel season already underway, the u.s. is bracing for the new variant. new cases just confirmed in ontario, canada. joe biden meeting with members of his covid-19 response team and chief medical adviser dr. fauci. >> clearly, it has the capability of transmitting rapidly. that's the thing that is causing us now to be concerned, but also to put the pressure on ourselves now to do something about our preparation for this >> reporter: new u.s. travel restrictions for foreign visitors from south africa

the u.s. has accused china of economic and defense provocations that include disrupting global trading practices that hurt american businesses. more recently, stepping up military incursions near taiwan. president biden said recently the u.s. would defend taiwan in any conflict. in tuesday's summit, he also told the chinese president the u.s. was committed to a one china policy, and opposed any change in taiwan's status. xi jinping referred to biden as an old friend, saying china and the u.s. need to increase communication and cooperation. >> china and the united states should respect each other might coexist in peace and pursue cooperation. >> respect between the two countries has been challenging. the u.s. alleges china's government is mistreating chinese moves looms -- muslims and has protested the crackdowns on pro-democracy demonstrators in hong kong. joe biden's popularity is sagging domestically, but he went into his conversation fresh from a legislative victory, signing into law one po

the u.s. economy, killing jobs and affecting millions and millions of jobs in the united states and we are supposed to be nice to these folks? the country that is increasing emissions four tons for every one ton we are reducing in the united states. madam chair, has the united states led the world in reducing emissions, the global community has increased tenfold for every time we have reduced. let me say that again. the strategy in europe is a great example and california is a great example. we can either follow strategies that work or continue to do what you all are trying to do, and manipulating technology, taking options away from innovators. at the end of the day resulting in higher emissions and higher prices. it is the flawed approach and we have the evidence to prove it. it's irresponsible we continue in this direction. i yield back. ms. castor without objection, members who wish to enter opening statements into the record has five business days to do so. i'd like to welcome our experts