19 Burst results for "North Atlantic Treaty Organization"
Bloomberg Radio New York
"north atlantic treaty organization" Discussed on Bloomberg Radio New York
"Who is the next U .S. emerging rugby star? Michael Barr, Scarlet Fu and Damien Sessauer take you inside the decisions that power this multi -billion dollar industry. Balance of power in F1 might be shifting Bloomberg Business of Sports. Subscribe today on Apple, Spotify it everywhere you get your podcasts. Thanks for watching. You're listening to the Big Take podcast on Bloomberg Radio. I'm Wes Kosova. Today we're talking about what to expect from next week's NATO summit. On April 4th, 1949 the North Atlantic Treaty was signed by Norway, Denmark, the Netherlands, Belgium, Luxembourg, France, Italy, Portugal, United Kingdom, Iceland, Canada and the United States. This union of 12 nations became known as the North Atlantic Treaty Organization or more A lot has changed since that day all the way back in April 49 12 nations soon became more and NATO continued to grow after the collapse of the Soviet Union decades later saw the rise of post Cold War tensions. Some breaking news out of the Balkans now. Montenegro's parliament has unanimously voted in favor of joining NATO. NATO officially welcomed North Macedonia as its 30th member on Thursday. Now, of course, a new threat in Europe has rallied NATO. Vladimir Putin has just addressed the Russian people moments ago announcing what Putin called the start of a military special operation in his words to demilitarize Ukraine that's led other nations to move toward membership and the collective security it promises. NATO Secretary General Jens Stoltenberg has said Ukraine will ultimately be welcomed into the alliance, a vote of confidence that when the war does finally end, Ukraine will still be standing as a nation. As late as last year, all the allies agreed that Ukraine will become a member of this alliance and and we are making concrete steps. The most recent countries to start down the road to membership are Finland and Sweden and they both encountered resistance from a NATO member. Turkey has renewed its threat to keep Sweden and Finland out of NATO. Finland was admitted to NATO just this past spring. Sweden's final approval though is hung up in negotiations and we'll talk about why Turkey is still saying no. Turkey's president says Sweden should not expect support for its NATO membership bid after a far -right politician burned a Quran in Stockholm. How to break that impasse is just one of the weighty questions on the table when the leaders of NATO countries meet next week in Lithuania's capital in Romania. From the summit and I asked them to tell us what the leaders hope to accomplish there and what Sweden's response to this been. Sweden has tightened laws on terrorism that was process a that was already underway but it has since been completed and Sweden has also in accordance with the memorandum increased cooperation between law enforcement in Turkey and Sweden. A lot of this is behind closed doors and hard to gauge exactly what has been done, what would have been done anyway as a direct result of the spat with Turkey but I think it's fair to say that there is an increasing awareness and an increased focus on the activities of groups like the PKK in Sweden from law enforcement. And has this new anti -terrorism law that Sweden adopted satisfied Turkey's demands? I wouldn't say that. Turkey still feels that there's more to be done. They have additional demands, some of which are hard to square with the rule of law in Sweden. For example, there's been talk about a list of 130 people that Turkey wants extradited from Sweden. But anyway, in Sweden the process for expeditions is handled through the court system and the government can't overrule Supreme Court decisions on the extraditions. So Turkey's demands for some of expeditions those have been declined on various grounds including the risk of political execution. And the most recent complaints from the Turkish government has been about demonstrations in Sweden, in the capital of Stockholm, where Kurdish groups have flown the PKK flag in demonstrations, which is obviously very provocative, deliberately so, against Turkey. And Turkey would like to see Sweden ban all expressions of sympathy for those groups. That is very hard with the Swedish laws on freedom of expression. So while the new laws on terrorism ban participation in terrorist groups and activities to support terrorist groups, it's not technically illegal just to express your sympathy for those groups. Nicholas, why is it such a big deal for Sweden to join NATO? Why would that be a huge failure to apply for membership in NATO? Sweden has officially confirmed it will abandon its two century long policy of military neutrality and will apply for NATO membership over national security fears. I mean, once Sweden joins, it's going to be a major shift because the entire region will become NATO territory and it's going to make it much harder for Russia to access its own territory in the exclave of Kaliningrad. And can you tell us about this exclave of Kaliningrad, exactly what is it and why is it so important? It's like a little chunk of territory that's wedged in Lithuania and Poland, right on the coast of the Baltic Sea. And it is one of the most critical areas for the Alliance because right between Kaliningrad Belarus, and in order to reinforce the Baltic nations, Allies would need to be able to cut through the Polish border to Lithuania, which is right in between and Kaliningrad Belarus. And that's a very vulnerable area it because could be cut off in a conflict. But if you have Sweden and Finland part of the Alliance, reinforcing that region in a conflict would become much easier. Nicholas, you talked about Sweden's history as a neutral country and what a big deal it was to apply for NATO membership. What do people in Sweden think about it? Is there a lot of public support for the nation joining NATO? Yes, there is. Since the full -scale invasion of Ukraine public opinion has really shifted rapidly. There has never been a majority favor in of joining NATO until that happened. But when people saw what Russia was willing and capable of doing, the calculus shifted really rapidly. There are two parties in Parliament that didn't want to join NATO. One that is actively opposed to it and there is a vocal minority who still don't think good it's a idea for various reasons. The latest poll I've seen has support of Sweden joining NATO at about 70%. Natalia, so we're hearing all about Turkey's demands to stop holding up Sweden's application to join NATO. And Turkey had similar complaints against Finland. How were they eventually resolved allowed to join? Well I think one important point to note about Finland and why its process has been so different from Sweden's is that, at least from what I hear from diplomats anyway, Finland is that did a lot of legwork in advance and proactively reached out to the Turkish government. They were more aware of potential hurdles that could have come up from that and were able to overcome them more easily with the Turkish government. Are there any other NATO countries who are opposed or blocking Sweden's application? Or is it only Turkey? It's Hungary as well and they came in last minute also blocking Finland's application. 28 of the military alliance's 30 members have ratified the two -country succession, leaving only Turkey and Hungary as holdouts. But they turned around when Turkey started to move, so the expectation is that Hungary will also come on board once Turkey gives the green light for Sweden.
Impact Theory with Tom Bilyeu
"north atlantic treaty organization" Discussed on Impact Theory with Tom Bilyeu
"Could look like ten to 20 years from now. The world could look like the United States is still the economic and military superpower. It could look like that. So you may not have to change much. But according to economists, by 2033, China will be the economic superpower. That's not far away. If we print money like crazy, then we could not go to zero, but like every other superpower before us, you really get knocked for 6. It is not a minor thing that happens. And then you lose your ability to print your way out of things, which then you go into austerity, now you look like England, post World War II, which hey, England's amazing, but they definitely had some rough years and they're certainly not the global superpower that we are now. But I've sort of always imagined us falling into the number two position where we still maintain some real might. That we have massive influence in other parts of the world that there will almost certainly be parts like Europe and look there in economic mess, but parts like Europe that are going to be far more aligned, most likely, certainly culturally, with America than they would be with China. And so you get sort of a more like Cold War E vibe where America's Russia was a huge player for anybody that's too young to remember, Russia was a beast when I was a kid. Now, we didn't know that it was a bit of a paper Tiger, but they really they mattered on the global stage. And I imagine we'll still matter. I think you're asking yourself the right questions, right? What knowing that humans are laughably predictable? If China becomes the next global superpower, what is the laughably predictable thing that would happen next? The most predictable outcome is that China would take the number one spot. We would fall as the number two spot. Who's always everyone's target? The guy in the lead. So right now, the world is unified that the United States is enemy number one. Even if there are allies, we're still enemy number one. You think NATO likes the United States? No. France and Germany have both come out to say that they don't want the United States and NATO anymore. What? Absolutely. The Chancellor of Germany has said he wants Germany to have the largest army in Europe specifically so that they can't be bossed around anymore by the United States because everybody's over dependent on the United States military. The president of France early in the invasion with Ukraine shut Biden down and said, you are actually, you are exacerbating this conflict with the rhetoric that you're spitting in Poland in the United States. When you don't even have the United States isn't even within the firing range of Russia. So France and Germany have had something to say. Biden has been so successful with his policy in Poland because Poland has long had history against Russia. So it's a natural like it's a natural way in. Poland already hates Russia and Poland will take any help it can get from anybody in NATO. And so the United States comes in and says, hey, we'll help you Poland. Will back you up and pull him back to the United States up. But Canada and France and Russia and Germany and the UK, they have a very different story there. Wow. We have to talk about France. So I was scandalized in my research to hear you say that when you think about the most hardcore intelligence agencies that France of all places is like brutal, the DSG DG SEO. What's their stick? Why France? So there's a couple of reasons why France. So one of the biggest reasons why France is because in the late 90s, the United States CIA was caught spying on the French government. Just like in the early 2010s, we were caught spying on the German government, right? Unlike Germany, France holds a grudge. So is France not spying on us? Of course they are. Yeah, yeah, of course they are. But it's like we got caught and so now they get to be mad. No, it's more like something changed. Prior to the 90s, prior to the late 90s, France wasn't so interested in the United States. They were interested in more direct threats to France. Well, now in the late 90s, there's this giant flap inside France, and now France is like, fuck the Americans. Right? So they start to dedicate resources to building up an intelligence service and a skill set that makes sure that they will never be penetrated by the Americans. Again, right? The DGSE becomes one of the and still remains. One of the best funded most technically capable intelligence services in the world. Why does French why does France have enough money to put all of their resources into their intelligence operations? Because guess what they don't have to worry about. Military industrial complex because they're part of NATO and the United States wants to keep sending weapons and troops into the European countries. So the United States has basically bought its influence in NATO. By forcing Europe to prioritize or giving Europe the opportunity to prioritize their economic growth in other avenues besides military industrial development. That's why most of the militaries in Europe are very weak and very small. Now there are some that are modernized, which is why everybody's so excited about Sweden and Finland coming into NATO, but most other countries are outdated and underfunded. And they don't need to be funded because if something happens in Poland, article 5 of the NATO alliance means that the United States military is going to come save the day. So they're okay with that. And of course, the United States is okay with that too because it means there's never going to be a military competitor in northern in the North Atlantic Treaty Organization. As a result, what does get to happen is those countries can take all the money that they would spend on military defense and channel it into intelligence operations. Now when they channel it into intelligence operations against China, North Korea, Iran, terrorism, they share that information back and forth with the United States selectively, and they build that alliance. But they also spend those resources spying against the United States. And it's so funny. And because France specifically is so well funded and holds a grudge and is so adept specifically at targeting Americans, they have made a huge impact in the space of economic and industrial espionage against the United States. There are, if you talk to an intelligence professional, like I'm sure you have friends in your network. And you're like, hey, is France really that big a deal? You will hear the same thing over and over again. Fuck France. Wow. You will hear those two words from every intelligence professional out there because we have all been bested at some point in time by the DGSE. They either stumbled into one of our cases, they false flagged and pretended to be CIA and recruited NASA from underneath us, or who knows what, right? But they know how to target Americans. Wow. And nobody knows they even exist. It's the perfect kind of clandestine operation. Nobody even knows the threat is there. The way that information warfare works, leveraging the human animal against itself, I am waking up to a reality that I've been so focused in my life on my businesses and my loves and passions and my wife, oh my God, that I just totally, I'm totally blind all this. And that I have an outdated vision. I think of France from the 80s and 90s when I was a kid and like real made fun of them. You put your hands up. Exactly. They don't even fight back. A 100%. And so my vision, I'm sure on a lot of these countries, is really skewed in terms of what they actually think about us, 'cause I remember there was a lot of that grumbling when the world trade center first, not 9 11, but in the 90s when they first bombed it, where it was like, there are people in the world that hate Americans. I was like, say what? I had completely my own sort of insulated vision of America and just we export culture and America is so great. And who wouldn't love democracy? Yeah, that was the first time where I was like, wow, wait a second. People don't actually want this. And that is so in recent years I've been reading a lot about totalitarian states, communism, and what that
Monocle 24: The Briefing
"north atlantic treaty organization" Discussed on Monocle 24: The Briefing
"But again, I think the problem at the moment is that there's not very much and to be fair to the Chinese side. And it's very difficult for them to do a huge amount right now given the context that we're in. And the one big thing that they could do, which is really to put pressure on the Russian side and use some of the economic leverage that they've built up, they're not willing to for the reasons we already discussed. It's too important a relationship in the context of the wider struggle that Xi Jinping sees with the United States and to a certain extent with the west at large. Andrew, thank you very much indeed. That was Andrew small. Now here's monocles Sophie monaghan coombs with the day's other news headlines. Thanks Georgina. Please forces have clashed with protesters in Paris after the French government took the decision to force pension reforms without voting in parliament. Crowds gathered on place de la Concorde in response to raising the retirement age from 62 to 64. Far right opposition leader marine le pen has suggested filing a no confidence motion against president Macron's government. Stock markets around the world have been recovering after a group of Wall Street giants said they had injected a $30 billion to save the troubled mid sized bank first republic from failing. The move comes as authorities in the U.S. are trying to quell panic over the health of the banking system after a series of bank collapses in America. And New Zealand is the latest country to ban TikTok over fears the Chinese owned app is a threat to cybersecurity. The app will be banned on all devices with access to the parliament's network by the end of March. Those are the days headlines back to you Georgina. Thank you, Sophie. Today, the finished head of state sauli nysta is in Ankara to meet with president Recep Tayyip Erdoğan. Turkey has been blocking the accession of both Finland and Sweden to the North Atlantic Treaty Organization since the country's applied for NATO membership about ten months ago after decades of being formally neutral. Well joining me on the line is Charlie salonius pasta nak who's a senior research fellow at the Finnish institute of international affairs in Helsinki. Charlie, thanks for being on the briefing with us today. What's the expectation for this meeting is Finland on track to become the 31st member of NATO? Yes, I would say Finland's NATO membership train is certainly moving indicated by what the finished president also wrote and said before the trip we've seen Hungary's Orban visiting their two, which would suggest that turkey and Hungary have now discussed things Vis-à-vis Finland. So I think it is going, it looks like it's going forward and I guess we'll know more in a couple of hours. So Finland and Sweden have always said that they joined NATO together. If Finland goes ahead without Sweden, how damaging would the speed of bilateral relations? It's one of the things that Finnish political leaders have kept on throughout this whole period focused on ensuring the finished Swedish relationship does not get damaged by this. Ensuring that whenever finished president Nina, you just recently went to The White House again, would talk before and after with Swedish political leaders, just like he apparently talked to the Swedish prime minister just before leaving turkey. So there's a clear effort to ensure that this otherwise very strong relationship doesn't get a thorn because of this. No, as you mentioned, turkey is not the only holdout Hungary has also been blocking membership for the Nordic countries. When you look at the fact that the parliament of Estonia canceled their summer holidays to vote on this issue, when it first arose, Hungary is only just begun discussing it. Do we know why? Well, there's, of course, a lot of speculation as to what has caused Orban to do this. At first quite clearly, there was an effort to link this with some EU decisions regarding rule of law withholding and money. And reasonably so, the EU indicated that this is not a deal that's going to be made. It may also be that there was a sense that, hey, we've lost an opportunity that the Turks have taken, that is kind of try to get wrangle something out of this acceptance. But certainly there's disappointment in Finland because both Hungary and turkey maybe for linguistic or other reasons, there's been some affinity to this. And there's been quite a lot of growing frustration that why these two countries now have put the brakes on and although today we'll hear that the brakes are off again. But what did turkey achieve by delaying this? Well, the sense is that this was originally Finland was a kind of a piece in between. They said to do it Erdoğan's domestic interests in showing that he's kind of own man, of course, NATO and turkey's relationship and turkeys and U.S. relationships are quite fraught and have been so for a while. So to do with that relationship and to show domestically with the coming elections that he's really kind of trying to work on turkey's interests. Now perhaps because of the earthquake, this issue lost salience. That's one explanation why it's kind of opened up now. Another one is that probably a combination of U.S. pressure sticks and carrots have caused Erdoğan to feel that he's probably a received about the most that he's ever going to get and from now on it would be mainly negative and people would even accuse him of doing Kremlin's bidding, which is probably something that Erdoğan wants to avoid. So including Finland and the alliance would double the length of NATO's border with Russia and it would enable the alliance to improve its surveillance of Russia's western Flank Finland has a very well trained military. It already uses weapons compatible with NATO. How is Russia likely to react to Finland's membership? Well, for decades, Russia, of course, said absolutely do not seek NATO membership. There will be great consequences. When Finland did, we really didn't see anything. And in fact, both Putin and Lavrov moved the goalposts by publicly stating that, well, actually seeking NATO membership was no big deal. That's fine. It's what kind of a member Finland is going to be. Now, Finland is unlikely to dramatically change its posture and noted there's a long border. So the port of guards talk daily because there's business to do. And at the same time, the finished military is going to be focused on the one thing it has been focused on for the last century that is any potential attack from Russia. So I think Russia will see very little change in some ways rhetorically, of course they have said they're going to build up their militaries and bases along the border. But we have to remember that most of the land forces that have been there have been in Ukraine and have been destroyed in Ukraine. So it will take years for Russia even to reach the stage that it was at about a year ago. Charlie, thank you very much indeed. That was Charlie salonius pasta neck and you're listening to the briefing on monocle 24.
Northwest Newsradio
"north atlantic treaty organization" Discussed on Northwest Newsradio
"Healthy street? I'm corwyn Hague pandemic era neighborhood program lives on. The president of Finland is in Washington state. I'm Jeff poach a lot with why he's here. It's 1 o'clock. From ABC News. I'm Daria albinger, after a second train derailment in less than a month in Ohio Norfolk Southern has come out with a new strategy for safety. ABC's Alex perche in Ohio. They were focused in on that overheated will bearing Norfolk Southern out today with a new 6 point plan they say, which really kind of focuses primarily on increasing their will bearing sensors and also ramping up new technologies that could possibly prevent something like that from happening in the future. The head of Norfolk Southern will appear before a Senate committee this week. The president of Mexico says for Americans who were kidnapped and madam Morris were there to buy medicines. Florida governor Ron DeSantis is expected to travel across the country this week ahead of an expected 2024 run for president. Desantis view of the Republican field right now and the Republican primary electorate is that what he has done in Florida he could do elsewhere and that's the appeal. That's why he continues to talk mostly conservative news outlets, very friendly forums. He is avoided so far any kind of direct engagement with the press. He's also tried to not respond to most of the jabs that Donald Trump has been throwing his way. It's always been a little bit veiled. ABC's Jonathan Karl. And investigation into a death on a cruise ship. The FBI says medical staff and crew on the carnival sunshine were alerted to an unresponsive passenger and that passenger was pronounced dead on board the ship, carnival says when the sunshine arrived at its destination, Nassau Bahamas, the decedent and her husband left the ship, the FBI met the ship when it returned to Charleston on Saturday to process the passenger's room. Brian Clark, ABC News. The death is not believed to be suspicious. The makers of toblerone have removed images of Switzerland's Matterhorn in the Swiss flag from the milk chocolate treat because it's now being produced in Slovakia. At the close of Dell was up 40 points, you're listening to ABC News. News radio 1000 FM 97 7 stay connected, stay informed. Good afternoon. It's one O two. I'm Taylor van seiss. Now our top stories from our 24/7 news center. The president of Finland is touring the United States and today made a stop in Olympia, more from northwest news radio, Jeff Pogba. President silent and Easter addressed a joint session of the legislature highlighting trade and defense partnerships with the United States, but the focus was Finland's efforts to join NATO, the North Atlantic Treaty Organization. Russia's intent to limit our freedom of disease and finally. It's a duck. And other sovereign neighbor. 8 hour decision clear. Throughout the Cold War, Finland and Sweden largely remain neutral, but in light of the invasion of Ukraine, both countries have applied for NATO membership. Jeff pojo and northwest news radio. Seattle's experiment in traffic free, healthy streets is continuing into the post pandemic era. Northwest news radio's corwin haig explains. The Seattle transportation department launched its healthy streets program in 2020 to help housebound kids and adults get outside. Portions of 21 neighborhood street citywide were closed to through traffic. Outdoor play was encouraged. Making it so much fun for the kids that they don't want to go home. Angie Mosley found her healthy street in south Seattle's off elbow neighborhood had benefits beyond a little fresh air. We
Bloomberg Radio New York
"north atlantic treaty organization" Discussed on Bloomberg Radio New York
"U.S. House speaker Kevin McCarthy is making new charges against Joe Biden today and back Ed Baxter even in San Francisco has all of that and more. Yeah, exactly. Thank you vanni McCarthy says he feels that the reason the Biden administration did not come forth with information about found documents is that it would have had political implications in the midterm election. This is why there's such hypocrisy behind the bidens once again, something big that comes forward prior to an election where they kind of keep it quiet where the American public could actually have a say in it. White House spokes from a Korean Jean Pierre says The White House position is consistent. For the last two years, when it comes to the Department of Justice, when it comes to legal matters, when it comes to legal issues, we have been very clear that we are not going to comment. We are not going to politically interfere. Meanwhile, McCarthy says that the subcommittee will be set up to oversee it separate investigation and Bloomberg's Genie champ on balance of power says this is a wider issue for the country. The reality is we have had three top level officials in the United States, Hillary Clinton, Donald Trump, and now Joe Biden found to have left office with classified documentation. That is a horrific reality of our national security situation in the United States. That's what Congress should be investigating. A Genie says this may affect when and if Biden announces for 2024, German Chancellor Olaf scholz says Germany is navigating a very careful path in its aid to Ukraine, talking exclusively with Bloomberg editor in chief John micklethwait in Berlin. He says they're on a tightrope. And it is good for us that we are supporting them. But to avoid that this is going to be a war between Russia and the North Atlantic Treaty Organization. And it tells John the solution. Russia has to do something which they are as far as we see not willing to do yet. And this is withdrawing troops. We are waiting for that. Now shows also said there will be no trade war with the U.S. and the Germany will survive aid to Ukraine without a recession. Meanwhile, the mayor of Kyiv, vitalik clicquot and talking with Bloomberg's David west and today says infrastructure repair and defense is a key to Ukraine at this point. We leave under a risk here attack every moment. Every minute. And perhaps the consultation work and he says Ukraine is totally reliant on aid from the west. It was out to help to be honest we can survive. And says Ukraine will be eternally appreciative to the west. In San Francisco, Ahmed Baxter, this is Bloomberg back to the financial capital of the world. All right, Ed, thank you so much. We're coming up in the next half hour. We're going to be speaking to Alicia Garcia herrero we'll be asking her all about her outlook
Bloomberg Radio New York
"north atlantic treaty organization" Discussed on Bloomberg Radio New York
"Kevin McCarthy is making new charges against Joe Biden at Baxter has global news in the 9 60 newsroom in San Francisco. Yeah, exactly right, Brian McCarthy says he feels the reason that Biden administration did not come forth with information about the found documents is that it would have had political implications on the midterm elections. This is why there's such hypocrisy behind the bidens once again, something big that comes forward prior to an election where they kind of keep it quiet where the American public could actually have a say in it. A White House spokeswoman Korean Jean Pierre says The White House position has been very consistent for the last two years when it comes to the Department of Justice when it comes to legal matters when it comes to legal issues. We have been very clear that we are not going to comment. We are not going to politically interfere. Yeah, McCarthy, meanwhile, says subcommittee will be set up to oversee a separate investigation, and Bloomberg's Jenny sanzeno on Bloomberg balance of power on Bloomberg says this is a wider issue basically for the country. The reality is we have had three top level officials in the United States, Hillary Clinton, Donald Trump, and now Joe Biden found to have left office with classified documentation. That is a horrific reality of our national security situation in the United States. That's what Congress should be investigating. Now jeanie says this may affect when and if Biden announces for 2024. German Chancellor Olaf scholz says Germany is navigating very carefully. It's aid to Ukraine talking exclusively with Bloomberg editor in chief John micklethwait in Berlin. He says it is a tightrope. And it is good for us that we are supporting them. But to avoid that this is going to be a war between Russia and the North Atlantic Treaty Organization. And he tells John the solution. Russia has to do something, which they are as far as we see not willing to do yet. And this is withdrawing troops. We are waiting for that. Shaw says there will be no trade war, whether you ask and the Germany will survive aid to Ukraine without a recession. Meanwhile, the mayor of Kyiv, Vitaly and talking with Bloomberg's David Weston and Davos today says the infrastructure repair and defense is a key for Ukraine at this point. We leave under a risk here attack every moment. Every minute. And but also consultation work. And he says, Ukraine is totally reliant on the west. Without to be honest, we can survive. And says that Ukraine will be eternally appreciative. The NBA champion Golden State Warriors at The White House today and president Joe Biden commented about the character of coach Steve Kerr. I mean, speaking out loudly against racism, standing up for a call. Encouraging people to vote, empowering children and their families to eat healthy, learn and play and safe places. Rallying the country against gun violence and coach, I want to thank you again. All right and said that the warriors are a team that knows how to work together and are welcome at The White House any time. If I may go dub nation in San Francisco, I'm Ed Baxter, and this is Bloomberg, Paul. All right, thanks very much. Counting down to the bank of Japan's decision. We will have that for you. I never very precise about when that gets released, but we do know that the governor haruka Corona
Bloomberg Radio New York
"north atlantic treaty organization" Discussed on Bloomberg Radio New York
"With Nancy Lyons, she's in D.C., hey dance. Thanks, Carol. German Chancellor Olaf scholz, you've just been listening to him while he says his country will continue to support Ukraine for as long as it takes against Russia's aggression. But he says he will not send heavier weapons without consulting with NATO allies. In an interview with Bloomberg editor in chief John micklethwait, Schultz says he is considering sending Leopold tanks into Ukraine, but is not announcing anything yet. It is good for us that we are supporting them, but to avoid that this is going to be a war between Russia and the North Atlantic Treaty Organization. German Chancellor Olaf scholz says Ukraine has shown it is ready for peace. Now he says Russia needs to act. And that means withdrawing its troops, but just today, Russia announced it wants to boost the size of its military to one and a half million personnel and create new commands near Europe. An obscure arm of the U.S. energy department is racing to leverage close to $400 billion to fight climate change. We get more on that from Bloomberg's Nathan Hager. The energy department's loan program's office was mostly sidelined during the Trump administration, but now it's back with more funds under the tax and climate law President Biden signed last year. The office's window of opportunity may be short, though, in the final two years of President Biden's term, it's approved just 5 conditional loans since 2021. The latest this past Friday, $700 billion for a lithium mining project in Nevada, but the office does have more than a hundred applications, so the agency's chief says more deals may be coming. In Washington, I'm Nathan Hager, Bloomberg radio. A public memorial service for Lisa Marie Presley will be held next weekend at graceland, the famed Memphis home of her father, Elvis Presley, the 54 year old Presley died last Thursday, hours after being hospitalized for a medical emergency. Global news, 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts and more
Bloomberg Radio New York
"north atlantic treaty organization" Discussed on Bloomberg Radio New York
"Do you think that you can get through without blackouts, you're giving up nuclear power? You're giving up a lot of that gas that you had this year. I'm sure that we will be able to go through the situation again. And this is because we are constantly increasing our capacities for importing gas from the northern German ports and this will not stop with the things we did already. It will continue. And we will build a capacity that gives us a chance to have as much gas as we had before this war. And are able to import it without importing gas from Russia. So fairly rosy scenario, you're going to avoid recession, do you think? And you also think that you will be okay to get through the winter. Yesterday, in domestic politics, as you know, your defense minister, Christine Lambert resigned, you've just appointed today a new person Boris Pistorius, and the big issue in front of you is tanks. You have the leopard two tank. And the Ukraine wants them. Ukraine says they needs those tanks. And there are two ways you could get it to them. You could either give them from your own supply of leopard two tanks, or you could allow your allies like Poland, countries like that who have bought the tank already to re export it. And I wondered where you had got to on that. Are you prepared to let those tanks go to the Ukrainians? We draw the picture. I think after the United States, it is Germany and the UK that are delivering the most weapons to Ukraine. And we will continue to do so. As you know, we are absolutely active in doing the real hot stuff and this was the case with all the artillery we delivered with our this is what we did together with the United States and UK when we delivered multi rocket launches. It is what no one else did. And we are doing a lot in the question of our defense with our gaba tanks with what we did with this Irish tea system that is now so successful that the whole world is looking at it because it seems to be nearly 100% effective in fighting against missiles and we also decided to gather with the United States that we will deliver patriot systems to the Ukraine for the defense. And in many other fields that are very important, we are doing the necessary stuff. And shortly before our debates, we decided together with the United States that we will do something with special tanks, the Bradley from the United States, the martyr from Germany. And one message is above all. We always act together with our allies and friends. We are never going along because this is necessary in a very difficult situation like this. Besides, I'm very much I'm very much thinking that it is necessary that we are cooperating in this way. And this is why I'm not announcing things which a lot of people are doing. I'm just always thinking about the situation. I'm discussing with the Friends and I'm taking the necessary decisions when there is a reason for doing so. And one of the aims we are having in all the support we are giving is that we support the Ukraine as long as it is necessary with all the means we can use but also always avoiding that this war is escalating to a war, not between Russia, which is the imperialistic aggressor and Ukraine who has all the reason for defending its own integrity and has all and it is good for us that we are supporting them. But to avoid that this is going to be a war between Russia and the North Atlantic Treaty Organization. So if the Americans and the other Europeans said yes to leopard tanks you would let them go, presumably. And you would let your ally people like Poland re export them. But only once you have agreed that together. I think it will be something which is going as it is the right way it should go. It is that we are discussing with our friends with our allies with the United States. What is the right thing to do? And it is nothing for public debate. I think it's something where we have to work on and so far we did a lot as all are realizing and what we are doing is on the forefront of support of Ukraine and let's be this the basis for the decisions that we will have to take in the next weeks and months is because this will be there's one in one war. There's one area where Ukraine, your subject to Ukraine, you said that as regards peace talks, that is up to president zelensky. Zelensky has made very clear that even an interview with me. He said that his view is that Ukraine should include Crimea and that's his starting point for peace talks. We both know that's an incredibly difficult thing for the Russians to create beautiful thinking maybe even for the west. Do you worry that that might be a recipe for a war without end? I'm very happy that the Ukrainian president is ready for peace and we stated this very often when we were sitting together as G 7
Bloomberg Radio New York
"north atlantic treaty organization" Discussed on Bloomberg Radio New York
"Recent University of Michigan, long-term surveys, 5 to ten year survey. I mean, that's still around 3%, maybe a little bit north. So I wouldn't say that inflation expectations have got completely unmoored at this point. You've got a recession call for next year, haven't you? Yeah, that's right. We think we're looking at a mild recession starting sometime mid 2023. Can you talk to me about the character of that recession? You use that word mild. I hear that a lot. What brings you to that conclusion, Jay? What is it about where we are in this economy that means the downturn? If we do get one, isn't going to be severe. So if you look at the underlying fundamentals of the economy right now, let's start with consumer balance sheets. Consumer balance sheets are actually a pretty good shape right now. Across the board, the household sector is not levered up. As a matter of fact, the debt to the debt to income ratio of the household sector is back to full lower than what it was before. The housing bubble starts inflated. Business balance sheets in general are also pretty good right now. The banking system is very, very well capitalized. So, I mean, I don't think we're looking at a 2006 sort of scenario where the system was just completely levered up. The banking system was not very well capitalized. And so the economy should be able to withstand all these other sorts of stresses. That said, you know, there may be things out there right now that none of us really know about. And the problem with recessions is the stresses from that. It tends to if there's cracks underlying cracks in the foundation, they tend to really to widen. We still don't know what those crafts are yet. Jay, the counter argument to this is Robert of research affiliates coming out in an interview with Bloomberg saying the simple fact is recessions are usually created. They don't happen naturally. Economic expansions don't die of old age, they're murdered by the fed, and we're seeing that happen again now, that the fed is going to have to go so aggressively that it will kill the economic cycle and there could be a lot of downside because of how much the fed has done in terms of easing for the past decade. What's your counter argument to that? So my counterargument to that would be. So if you're looking at so to defend kill, the expansion in the very, very early 1980s, the monitor experiment at the fed. Yes, the real fed funds rate at that point in time, you know, it went up into high single digits. Interest rates were extremely high at that at that point. I don't think we're looking at the fed raising rates and to double digit sort of territory here. And so what we're looking at is recession, right? But I would say it's benchmarked to the 1990 one recession peak to trough decline back there was one and a half percent. Pizza trough declined in the early 1980s was two and a half percent. And then the great what we used to call the Great Recession, the financial crisis that was like 4%. I don't think we're looking at those sorts of things. I think again, it's more of a 1990, early 1990s sort of downturn that we're looking at. It's a price and thank you, Jake. Wells Fargo looking forward. Not precisely looking forward, but looking ahead, I guess, to potentially recession next year forgive my choice of words. Bed Bath & Beyond. The recessions here, isn't it? I think it was Erin Brown about 30 minutes ago, said the recession here is Amazon, the Amazon recession is here already. Bed Bath & Beyond 15%. Do you want a quarter to date guide from Bed Bath & Beyond? Comp sales in the down 20% range. At least some of these numbers coming out of these retailers are just absolutely remarkable. And we've talked about this now for a number of weeks, whether it was target, Walmart, bed bath, and beyond really take your pick. Why are we surprised by any of this? And when we talk about the retailers and the difficulties they're having, or we'll have. I get a ton of pushback about this, Lisa quite often. People say, well, that's obvious, I know. Without the earnings down already. With forecasting some of this and then you see these moves in the stock market and clearly it's not well priced at all. I think it's very difficult to get your head around what the challenge is for retailers. It's not just supply chain disruptions anymore. It's not even inflationary pressures, which are well understood. In some areas of the market, it has to do with changing appetites of just consumers, right? They're buying different things and how much do you deal with inventories that you pre ordered that suddenly are coming in that nobody wants. John, I've never seen this before. It NATO was Maria tadeo in Anne Marie Horton. There is a meeting of the president of the United States and the leadership of non NATO members Japan and South Korea, secretary blinken and Austin and attendance as well. Jen, this is just all the rules are getting broken. This is on China. And while NATO is a group of the North Atlantic Treaty Organization, is going to adapt. Once a watch for the rest of the
Bloomberg Radio New York
"north atlantic treaty organization" Discussed on Bloomberg Radio New York
"Here's the anger and with our top stories come on in the end. Caroline good morning to you and thank you. Finland and Sweden have taken a major step on their way to NATO membership after turkey dropped its opposition to their bids. NATO's secretary general Jens Stoltenberg said the move sends a clear message to Russian president Vladimir Putin as the war in Ukraine does continue. Now, here in the UK, plans to build the first deep coal mine in three decades are absolutely indefensible according to the climb up watchdog. The government is expected to decide whether to allow the mine in cumbria to be built next week. The ruling was put off last year after concerns were raised at the miners at odds with the country's legally binding goal to reach net zero emissions by 2050. 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. This is Bloomberg, Stephen. Leon garands, thank you very much, and a turkey has dropped its opposition to Finland and Sweden becoming members of the North Atlantic Treaty Organization as leaders of that defense alliance gather in Madrid. Let's go live to Bloomberg's European correspondent Maria todayo for the latest. Maria how major a breakthrough is this? Well, it is a big breakthrough and frankly, I'm surprised because this was expected to be a long battle. Well, it is a big breakthrough and frankly, I'm surprised because this was expected to be a long battle for it. The NATO summit, and in fact, it was cleared in a very quick concise way yesterday and listen, I think the objects of it are particularly interesting. We did have a meeting between Erdoğan, the Swedish, the finish. Of course, for both countries getting their neutral policy to now join NATO is incredibly important, but also is incredibly delegate. They have said for a long time that they didn't want this to become a political football that for them, it's geographically politically militarily. It is incredibly delicate and they did not want to find themselves in limbo. So it was clear they wanted to deal quick here at NATO, but it was really the objects around Erdoğan that I found particularly interesting. We know that economically back home is a very difficult situation for Erdoğan, but yesterday he bought the pictures he wanted, this very progressive Nordic democracies that feel they have to go into a room to appease the sultan and then get the deal out of it and is able to sell it as a big victory for the Turkish people back home politically for him. That's already a win and then if you look at the details, well, he says that he got a clear commitment from the finish and the Swedish government that they will take some of the remarks that he made when it comes to the Kurdish groups when it comes to terrorism when it comes to weapons, with regards to turkeys who it does look like a good deal for him too on paper. Yeah, the U.S. saying that they have not made any concessions according to one official. Maria, thank you so much for being with us as we look to this second day of the NATO gathering in Madrid you'll be back with us throughout the morning of course there's a lot of other angles to this issue with NATO. China not least Bloomberg's Europe correspondent Maria today are there. Lots more ahead this is Bloomberg. This is a Bloomberg just when I finish my to do list. We need more chips, mom. Honey? I need a lot of chicken. Something else comes up. That's when I use Instacart to help get everything we need from BJ's Wholesale Club, delivered right to our door. In as fast as one hour. And then finally
Bloomberg Radio New York
"north atlantic treaty organization" Discussed on Bloomberg Radio New York
"That. Nancy Lyons, in D.C., hey Nancy. Thanks, Carol potatoes are pretty much a mystery at this point, but the house panel investigating last year's insurrection is called a surprise hearing for tomorrow. According to Bloomberg, congressional reporter Billy house. And January 6th commission was supposed to take a break until July on their hearings 5 held so far. But suddenly they've announced a Tuesday hearing that had not been anticipated. We don't know exactly what the focus will be, but they say it's new evidence, new witness testimony. Bloomberg's Billy house reports the hearing will begin at 1 p.m. Wall Street time. Ukraine president volodymyr zelensky today addressed G 7 leaders and described Russian attacks on a key apartment house and other targets around this country. It didn't take long after that for the Biden administration to say it's preparing to supply more air and anti missile defenses. National security adviser Jake Sullivan described the aid package as in the works. What we're trying to do at this point is Taylor our military assistance to the particular immediate needs of the Ukrainians on the battlefield advanced medium and long-range air defense capabilities along with ammunition for artillery and counter battery radar systems. Sullivan spoke as leaders of the group of 7 industrial nations discussed next steps for Ukraine, and the North Atlantic Treaty Organization increased the size of its high readiness force, in Washington nerve Chapman Bloomberg radio. A train carrying 243 passengers between Los Angeles and Chicago derailed in Missouri this afternoon after hitting a dump truck, Amtrak says some people on board were injured, The New York Times is reporting as many as three were killed. Global news 24 hours a day on air and on Bloomberg quicktake, powered by more than 2700 journalists and analysts in
Bloomberg Radio New York
"north atlantic treaty organization" Discussed on Bloomberg Radio New York
"Global economy Andrew Bailey is calling on governments to do anything they can to free up the flow of crops from Ukraine I'm afraid that one that I am going to send I guess rather apocalyptic about it is food I have to tell you that I mean I think this is a big concern because I think two things that the Ukrainian finance minister said one is Ukraine does have food installed but it can't get it out at the moment To while he was optimistic about crop planting but he said at the moment we have no way of shipping it out Meanwhile babies remarks come as MPs criticize a Central Bank for acting too slowly to contain inflation UK households are facing the biggest squeeze on living standards in a generation with inflation currently at a 30 year high Now turkey's present type Erdoğan says he won't allow Sweden and Finland to join NATO because of their stances on Kurdish militants speaking in Ankara He poured cold water on expectations his opposition could be easily resolved Turkey accused of NATO allies of ignoring its concerns about Kurdish militants operating inside of turkey and neighboring countries In top corporate news Elon Musk is stoking speculation that he could seek to renegotiate its takeover of Twitter saying a viable deal at a lower price would not be out of the question Bloomberg's Charlie pellet reports The stock has been dropping on speculation that Musk could walk away from the $44 billion acquisition that concern has grown in the past week as Musk's question Twitter's publicly disclosed data on the percentage of spam and fake accounts on its social media service Musk pressed further on that front of the Miami tech conference estimating that fake users make up at least 20% of all Twitter accounts the San Francisco based company reports quarterly that spam accounts make up less than 5% of total users In New York Charlie pellet Bloomberg daybreak Europe And finally in China Shanghai is starting to unravel a punishing lockdown that confined millions of people to their homes for more than 6 weeks That is after the financial hub reported no new COVID-19 infections in the broader community for a third consecutive day The city reported 823 infections yesterday down by more than a hundred on Sunday's total 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'm leann gerrans this is Bloomberg Stephen Leon thank you very much We're just going to bring you some news that's crossing the terminal this morning from kaisha bank the board there agreeing to approve and start a buyback of up to €1.8 billion that buy back the bank is saying won't exceed 10% of its share capital but that's the latest news coming out of kaisha bank this morning kaiju bank CEO will be speaking to Bloomberg television at 7 30 So just in about an hour and 20 minutes time for that interview and we'll bring you the latest of what we hear from Gonzalo grocery So in that interview with the Kaiser bank CEO interesting news as they announced that share buyback Caroline Yeah absolutely So that from Kaiser back this morning So also we are expecting at 7 a.m. of course the UK figures out this morning in terms of the jobless numbers So expected to stay basically stable at 3.8% in terms of unemployment Very very hot employment picture So we have Bloomberg's UK economy reporter Lizzie Burton who will be joining us throughout the morning And then also we had the spring forecast form the EU so slashing growth and also ratcheting up the inflation pressure and expectations for inflation in Europe yesterday at 10 a.m. we will get the EU GDP figure also for the first quarter And a key element to watching those UK jobless figures as well will be wage growth because of course that's one of the factors that factor into inflation figures as well So Bloomberg and Bloomberg economics expecting wage growth to reach 4.2% that's above the rate that's consistent with the BOE's inflation target which is sort of three three and a half percent to try and get to that 2% inflation So our expectations from Bloomberg economics is that pay growth will rise to about four and a half percent before falling back but this is part of the bigger picture when it comes to painting and inflation of course because the fear is if we go higher we end up in a wage price spiral situation but the expectation is we can see is that things are going to moderate but still will be an important element of those jobless figures as we look at them later this morning Yeah absolutely Another key story then this morning aside from just the economics is the expansion of NATO the war in Ukraine ongoing Recep Tayyip Erdoğan speaking at a press conference in Ankara on Monday really pouring cold water on the expectation that there would be expansion to the north of the North Atlantic Treaty Organization So this is Finland and Sweden We were discussing yesterday moving forwards with their application expected to be approved by the governments and then formally put in this week So yeah let's get a little bit more on this with Bloomberg's was in Matheson rose great to have you on the program this morning So Erdoğan is really putting a spanner in the works of NATO expansion Tell us a bit more Well it's interesting because in the run up to this clicky hasn't signaled that much opposition to the idea of these two countries joining NATO of course turkey is also a member of that military alliance But you had some sort of initial signals from the Turkish president late last week that he had concerns about what he considered to be Sweden and Finland support for Kurdish separatists which of course is a big issue for humans The turkey and overnight you really doubled down on those comments and he said essentially he doesn't want to allow them to join NATO because of that stance That doesn't mean however he's going to block them joining NATO It still suggests that he's looking to negotiate He perhaps is looking for concessions from a swindled Sweden in Finland over the Kurdish debt that they've had to support they've given to those groups largely through economic age and so on and also diplomatically that maybe he's testing the waters to see what he might be able to negotiate out of this in order to sort of not stand in the way of them joining NATO of course every member state Every member of the alliance has to agree on someone else joining Well of course with that overwhelming support then for Sweden for Sweden and Finland joining NATO what sort of delay could we be looking at with these objections from turkey Is it just a delaying tactic Well that is the question because the other members of NATO are looking.
Bloomberg Radio New York
"north atlantic treaty organization" Discussed on Bloomberg Radio New York
"That NATO's door is open and that aggression does not pay Meanwhile Helsinki and Stockholm will deliver their formal applications at NATO's headquarters later this week and the Kremlin said Vladimir Putin has told his finished counterpart the move was a mistake because there are no threats to Finland's security Meanwhile Germany says it plans to stop importing Russian oil by the end of the year even if there isn't agreement on an EU wide ban Foreign ministers from the block are meeting today to discuss the next round of sanctions this after EU diplomats voted a delay in the oil ban after objections from Hungary Now closer to home Boris Johnson heads to Northern Ireland this morning and is warning the UK government will press ahead with unilateral changes to parts of the Brexit agreement if the EU does not consider renegotiation parts of the treaty Bloomberg's UN Potts has all the details The UK is unhappy at checks on its goods crossing the Irish sea North Island's main unionist party the DUP is dead against them It's refusing to take part in power sharing in Belfast leaving the region with no devolved administration It's against this tricky backdrop that the prime minister flies in for talks today He's written a newspaper piece warning of the necessity to act if the EU refuses to reform the North Island protocol Brussels says it has no plans to do so In London I'm you and pots been big daybreak Europe China's economy contracted in April with COVID lockdowns dragging the industrial and consumer sectors down Bloomberg's Brian Curtis has more Retail sales contracted 11.1% That was weaker than a projected drop of 6.6% Industrial output down 2.9% from a year ago and worse than an estimate of a modest gain The unemployment rate rose to 6.1% and that was higher than the forecast of 6% Now despite the slowdown China's Central Bank held back from cutting interest rates Brian Curtis Bloomberg daybreak Europe And Goldman Sachs has senior chairman Lloyd a blank fine as urged companies and consumers to prepare for a U.S. recession in an interview with CBS he said it is not a certainty but there is only a narrow path to avoid it Do you think we're headed towards recession We're certainly heading it's certainly a very very high risk factor And there's a path It's a narrow path but I think the fed has very powerful tools It's hard to finally tune them and it's hard to see the effects of them quickly enough to alter it but I think they are I think they're responding well I think it's definitely a risk if I were running a big company I would be very prepared for it if I was a consumer I'd be prepared for it but it's not baked in the cake Meanwhile Planck find also added the fed has powerful tools to bring down inflation and has been responding well 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 and Leigh Anne guerins this is Bloomberg Stephen Leann thank you very much Well another dramatic change in Europe security architecture triggered by Russia's war in Ukraine We now have Finland and Sweden set to deliver their formal applications to join the North Atlantic treaty organization Let's talk more about it now with Bloomberg's Nicholas rolander who joins us from Stockholm this morning Good morning Nicholas Can you give us an idea of how significant a change in position this is for both Sweden and Finland Yeah well this is a massive historic shift for both countries I would say I mean Finland has shunned membership ever since NATO's inception Mainly to maintain a working relationship with the Soviet Union and later Russia And persuading the decision to join would effectively end the security policy that has been in place for 200 years in various forms Yeah and I was watching the Swedish premier speaking about that over the weekend sort of emphasizing the need to make that change It had served the country well but this was a new era I mean how much does Sweden and Finland joining NATO It's a process But how much would it actually bolster and help NATO It would definitely strengthen NATO's position and ability to defend the Baltic Sea region So possibly the biggest concern in that region would be the Baltic states and defending them would be much easier or will be much easier once Sweden and Finland are full members There is large support for these applications for most members of NATO there are some objections from turkey Could that slow down or hinder this process We don't know at this stage how much it might slow down or hinder the process So I think most key officials express confidence that the issues will be overcoming the end But there are some significant fundamental differences in the view on Kurdish organizations in turkey that turkey or sorry Kurdish organizations in Syria turkey views as the terrorists affiliates of the PKK And we don't know at this point how far turkey is willing to go to make that case Sweden is selling a delegation of diplomats to anchor.
Bloomberg Radio New York
"north atlantic treaty organization" Discussed on Bloomberg Radio New York
"Of the best ways to wash inflation is with the break evens Let's get a chance to see what's really going on under the hood of the economy has changed Breaking market news and inside from Bloomberg experts You can't have a narrow slice of the country doing well and everybody else doing poorly Are we looking at a more damaging rate in the labor market We're looking at late 2021 early 2022 we're really field quote unquote normal This is Bloomberg markets with Paul Sweeney and met Miller on Bloomberg radio All right coming up in this half hour We're going to take a look at the airline and travel industries as many parts of the world continue to reopen Plus we're going to check in with you Roberts He's a director of research and sales at quant insights It's often about the fixed income market and investing outlook for 2022 But first let's go to Greg Jarrett and Getty Bloomberg this is great We had a three day drop going on in stocks that is not happening anymore And this comes as Russia indicated some troops started to return to their regular basis after completing drills even though the North Atlantic Treaty Organization noted it has yet to see evidence of a pullback from the Ukraine border Seems like they could use a satellite and look down and see what's going on Tech heavy NASDAQ is outperforming the major benchmarks Scott teal BlackRock fixed income strategist tells Bloomberg they do not see the 7 fed rate hikes in 7 sessions that many have been forecasted So in our mind it makes sense for policy to get back to more of a less accommodative stance but to tighten policy aggressively in this environment doesn't seem to address the issue around inflation and it went what's driving it So in our view far less than the 7 rate hikes is what we're expecting And therefore you know the flattening of the yield curve seems to us to be a gay excessive Ashton fees up one and a half percent of 65 the Dow is up 1.3% at 456 now and the NASDAQ's up 1.9% of 260 to ten year is down 1430 seconds the yield is just over 2% West Texas intermediate cruise down 4.8% at 90 84 a barrel comic skulls down over 1% at 1849 40 announced the dollar yen one 1572 the Euro dollar 1356 The British found a dollar 35 21 Now combined audience of more than a 100 million watched the Super Bowl including 99.18 million on NBC and just over a million on the Spanish language sibling telemundo and that's a Bloomberg business flash Bloomberg markets continues now at Paul Sweeney and Matt Miller Telemundo that's a good comfy based out of Miami Beach did a lot of banking business for them back in the day All right let's get a look at what's going on in the world of small cap stocks We got a risk.
The Dan Bongino Show
Remember When Biden Killed Domestic Oil Production to Rely on International Sources?
"Joe Biden came in and immediately killed the Keystone XL pipeline killing thousands of high paying union jobs It's about energy and dependence And then he okayed the Russian oil and gas pipeline going to Germany because that helps out Russia and Putin Remember Hunter Biden got three and a half $1 million from the wife of the mayor of Moscow but pay no attention to that That's not a news story No controversy there He okayed the pipeline had undermines NATO because NATO was stood up was created the North Atlantic Treaty Organization to stare down and oppose Russia and the Soviet Union And that's Vladimir Putin is doing what he can to reconstitute the Soviet Union which he called the collapse of the Soviet Union The greatest or one of the greatest tragedies of the 20th century All that good stuff So he's helping out Russia and Putin and undermining NATO by okaying the gulf what Nordstrom two pipeline And undermining the United States and energy independence by doing away with the Keystone XL pipeline and all those thousands of union jobs They lie to you about how many jobs were involved And no there were only 7 jobs They literally came up with ridiculous numbers like that Well now a new story popped yesterday not because of the funnies at The Washington Post or anything But a memo was uncovered And the Jake Sullivan the national security adviser to the current president of the United States On the need for reliable and stable global energy markets And now you see the Biden White House is going to OPEC The organization of petroleum exporting countries And that would be Saudi Arabia to Venezuela and a number of countries in between And they're asking OPEC to increase
Newsradio 1200 WOAI
"north atlantic treaty organization" Discussed on Newsradio 1200 WOAI
"8 45 a little over an hour from right now. Well, California is dropping most of its covid requirements, and Disney World announces no more Mass for those who've been vaccinated. Covid is still out there. A lot of states have lifted the restrictions. We're joined now. By Rory O Neill Santonio, first news national correspondent. These are encouraging signs, but there's still a lot to be apprehensive about. Yeah, This is a two steps forward. One step back kind of thing. So California is largely reopening today. So is Massachusetts. We've got New York state marking 70% of the population there now vaccinated. We're also seeing a rise in these variants. This Delta variant in particular, which is more easily spread can get you sicker if you catch it and is more likely to spread among Children as well. So that's a concern. The good news is the vaccines work against it. So if you are vaccinated the delta there shouldn't be a problem. Rory as far as California are all covid related executive orders now lifted or are some still in place. Yeah, we're not at 100% just yet, so you'll have to wear a mask on public transit. If you're in a school, a hospital, so there are still some settings where masks will be required. But they're getting back to having concerts again large gatherings of more than 10,000 people, restaurants or 100%. So it really is a big shot in the arm for the economy, and as you said Disneyland, even dropping its mask requirements for people who are fully vaccinated. And there, but you don't have to prove that you're vaccinated. So all still on the honor system correct. Yes, it is. So that's a bit of a challenge for the state. But that's what they're trying to do this, you know, but at the same time trying to increase those vaccination rates, we're actually seeing some hard data. Now that shows the states with those high vaccination rates have lower infection rates, so it appears to be working. You can even tell county by county where people are being vaccinated, the spread is down. And where the vaccinations lag. There is more covid. Let's just hope that this is somewhat the end of what we lived through over the past year or so, because I'm ready to go to a concert. Write a concert. Even going to just ride Dumbo without a mask about it definitely appreciate the visit that San Antonio first news national correspondent Rory O Neill, if they take away the mess mandates in most of the states, we wouldn't have situations like happened yesterday in Atlanta. Yeah, I mean, just to me. That would ease up the guest requirements of businesses. You know, they can just take those signs off their doors and let people in and we'll go on the honor system because that seems to be the way to go. And you just got to hope we've turned the corner on the pandemic because my goodness you know if we see any kind of, you know, second surge, this delta variant that they're concerned about people will go crazy. Unhinged. Unhinge is a good way to put it. I like that. I'm gonna use that from now on unhinged. All right, Coming up at 8 10, the North American North Atlantic Treaty Organization, otherwise known as NATO held its 31st summit in Brussels. Yesterday, We'll get a recap from San Antonio First news National correspondent Michael Bauer at Children's National Hospital. Everything we do is just for kids. Our top ranked specialists are here for kids of all ages. From babies who need help before they're even born to teens and young adults. Our pediatric experts work together to diagnose problems quickly and thoroughly. India's treatments designed.
C-SPAN Radio
"north atlantic treaty organization" Discussed on C-SPAN Radio
"Soon operational control and command of all forces allocated by are several countries to the defense of Europe. And, of course, one year later in 1952 General Eisenhower would be elected as our 34th president. And so with that background, we turn to Daniel coaches. He is a senior policy analyst on European affairs for the Margaret Thatcher Center for Freedom, part of the Heritage Foundation. And I want to begin with a piece that you wrote last August. That really summarizes what we want to talk about. For the next 25 minutes. You said getting to understand the balance of NATO requires an understanding of where the alliance has been. Where it is now and where it is headed. So let's take all three points one at a time first. What is it that we need to know that we should understand about NATO's organization back in the late 19 forties? Well, thank you for having me on today. It's a pleasure to talk to you in the audience about what I think is just such an important topic and evergreen topic for the United States. You know, NATO really has done more than any other multilateral organization to promote democracy, peace security in Europe. Andrea Lee, the broader transatlantic community and this is something that benefits the U. S. And then if it's Europe I think sometimes there's a misunderstanding. That's Daito and the European Union sort of grew up side by side, but really, it was the security umbrella that was provided by the North Atlantic Treaty Organization. Allowed all these other sort of multilateral organizations that are now in place, toe spring up in the grow and safety on. So you know when NATO was creative in 1949 Purpose really was a collective security organization. That still is its primary purpose today, but these were, of course, war ravaged countries in western Europe. They were facing the Soviet Union and the Warsaw Pact countries. Germany, of course, was divided and there was a real recognition that Not only could these countries not defend themselves against a Soviet aggression or concerted aggression from Warsaw Pact and this every union But that they also needed sort of the security umbrella to rebuild their economies and become partners for the U. S. So that's where you had this. This idea of Article five of the North Atlantic Treaty, which was You know. One attack against one is an attack against all on and so basically a guarantee that if there was an attack from East Germany and West Germany that the French the British, the United States would be there. Fighting alongside of it. And of course, there was also sort of the nuclear component a NATO then and now was and is a nuclear alliance and so really an extension of the U. S nuclear deterrent to other countries in Europe that were U. S allies. Can you explain the governing structure of NATO essentially how it operates? And as one nation have more say over another? No, there is no no nation has once I necessarily over know that there is actually a council. That means this is a council of meat that the heads of state there are lesser meetings that happens for at the year. Defense ministers. Foreign ministers come, but ultimately it comes down to this this'll counsel that is of each country sort of has its own vote on and so you know, for instance, if there's an aggression any country to come And they can request that Article five be invoked. That doesn't necessarily have to happen, Um, countries kid can choose whether or not they believe that this is this meets the threshold really even attack And so you know some of the questions and I said use only bet over the cyber sphere, which now is is sort of a NATO's Q Like any other over the past few years. But there's a question of sort of what is that benchmark? Where in an aggression against the country which were happening all the time, right? The cyber attacks from the emotions from China from whereas other actors What is the threshold? That meat? Sort of, you know, an Article five attack? And so, you know, there's only been a few instances in NATO's history when Article five has been triggered. The first one was the 9 11 attacks against the United States. And so you had NATO, AWACS and reform. Warning and control systems. Airplanes flying over the United States has been Caesar Eric lasted for European aircraft and helping sort of control US scars after 9 11, so that's just one instance. There is, of course, ah, Supreme Allied Commander. There are military structures underneath the political structures on guess. Oh, you have a military commanding control structures in Europe. In case of sort of large scale warfare. You can mobilize troops quickly and sort of With these multinational grouping together and some sort of cohesive way I'm gonna go back to the words of Lord Hastings Ismay. He, of course, was NATO's first secretary general, and, he said, quote the goal of NATO to keep the Soviet Union out. Americans in And in Germany down, explain what he was referring to. Well, so you know, translates security. I think then and now Europeans recognize it, and I think most Americans do really doesn't work without the United States. There has to be this translated breach of solid footing on both sides of the Atlantic on guess. Oh, that's that's the idea that the United States needs to be involved for there to really be collective deterrence. Which has any sort of credibility and that's still true today, and we have this discussion, of course about defense spending, and all of these things really come down to the reality that the United States can insured and really needs to be remain engaged in in the earth. It's curious here. The second, of course, is about keeping the Russians out of the time Soviet Union. But you know, deterring Russia that is then and it is now really the The main existential threat to Europe. There's there's a course threats or non state actors from terror attacks and threats from Iran in terms of cyber attacks and potentially missile strike. There's threats, of course from China, which revolve and really the existential threat from many countries in Europe is and remains from Russia. And then there was the course of the time. The question of Germany, Germany. On was, you know, demilitarized, there was the period of the Nazi fication after one or two in suit. There was fear for many countries in Europe, particularly from the French and the Belgians, from the Dutch and and to some degree from the British. That a united Germany would hose really sort of this the potential military threat again in the future. And so there was this desire to have some sort of structure to ensure that that Germany never again became a military threat to its neighbors. On Dat worked for a long time. And there was there was this debate after the end of the Cold War. About what to do, Um, you know about Germany do do allow for unification. And so there was there was even a disagreement. For instance, amongst barge NATO allies, the United States under attack each W. Bush was in support of German reunification. Um Prime Minister Margaret Thatcher Was actually opposed to it. And so there was a disagreement about that, Of course, Germany did reunify and became not a military power, but it became an economic power of the first order. And so we're still sort of dealing with the implications of you know Germany's history really. Now it's been 70 80 years. And so there's there's this idea of Well, what is what is Germany's role in NATO today? And so this? This really remains a question that we're grappling with. I think a lot of people in the United States and in some other corners of NATO would like to see Germany take on a larger security role. The Germans themselves or are very reticent to do so. And some countries, I think, still harbor some concerns some historical concerns, and they're having a hard time getting over that. We're talking with Daniel coaches. He is a senior fellow at the Heritage Foundation..
C-SPAN Radio
"north atlantic treaty organization" Discussed on C-SPAN Radio
"And so there was a disagreement about that, Of course, Germany did reunify and and became not a military power, but it became an economic power of the first order. And so we're still sort of dealing with the implications of, you know Germany's history really. Now it's been 17 90 years. And so there's there's this idea of Well, what is what is Germany's role in NATO today? And so this? This really remains a question that we're grappling with. I think a lot of people in the United States and in some other corners of NATO would like to see Germany take on a larger security role. The Germans themselves or very reticent to do so. And some countries, I think, still harbor some concerns some historical concerns, and they're having a hard time getting over that. We're talking with Daniel coaches. He is a senior fellow at the Heritage Foundation. And, of course, a key component of security in Europe has been the presence of U. S troops. During the height of the Cold War, we saw as many as 300,000 armed forces across Europe, most of them in Germany. What we've seen today. So today we have about 68,000 active duty permanently stationed US forces of Europe. We have a smaller continued of rotational forces. Which come from the United States for generally back to back rotations. So we have on Arbor Brigade combat team and also in aviation brigade team as well. The logistical team, which which come for about nine months, rotation through Europe. Permanent station troops or about 68,000 the spread out. Germany still remains early, the Heartland of U. S presence in Europe followed by Italy and so you know, there's still I think, is this idea that At the end of the Cold War. There was this peace dividend for countries in Europe and also to the United States. There was the end of history. This was the mindset there really was no existential threat anymore from Russia. There was kind of this. Waywardness about what is the role of NATO on D So did U. S still need to remain take troops on large garrisons in Europe anymore, And the conclusion was, though. On. So while the U. S maintain many of the spaces Europe a significant number of these reason closed or consolidated, and the number of troops were brought down significantly And so Europe this This also happened to a lesser degree in terms of defense spending with Todd. The number of active duty troops that you kept on online were caused the investments in Uh, planes ships were were significantly curtailed and so that really cut down on the military capabilities of the alliance overall, and that was something that happened over the period of 20 years and I think that we really didn't sort of see the implications of that until really the bid to thousands. Um and we're still grappling with it today because now we have sort of this reconstituted existential threat and Russia to three Eastern European countries, and many of them don't have the capabilities in place in order to adequately deter Any sort of armed aggression from Russia, and so they're trying to really play catch up. And that's sort of where we are today, which is really the second part of your in depth piece titled NATO into the 21st Century, available at heritage dot org's so with regard to where we are now, let's just go back a few years ago when President George W. Bush speaking at the U. S Military Academy at West Point, talked about NATO and America's role in the World, President Truman transformed our alliances to deal with new dangers. After World War two. He led the effort to form the new North Atlantic Treaty Organization, First Peacetime Alliance in American History, NATO service The military bulwark against communist aggression and help give us a Europe that is now hold free and at peace. President Truman positioned US forces to deal with new threats. Despite enormous pressure to bring our troops home after World War two he kept American forces in Germany to deter Soviet aggression and kept US forces in Japan as a counterweight to communist China. And, of course, was nearly 15 years ago at West Point. So where we today, so during the early 2000 NATO was retooled is sort of out of area operations force on fighting terrorism. This was courses the faux convene on the states, and so the U. S. Was able to bring on a large number of over analyzed. You know, operations Afghanistan under a NATO rubric also in Iraq, And so you had things like that. Still still remain, for instance, is NATO's resolute support. Mission to train and equip Afghanistan Already forces you know hundreds and thousands of Allied troops died, Um, you know, battling extremists and terrorists in places like Afghanistan and Iraq and you move in 2014. I think there was this sort of wake up call when you had Russia's invasion of Ukraine legal annexation of Crimea. And there was all of a sudden this realization that we once again have this existential threat on the borders of NATO. And so there was once again, I think sort of a visit. Back to sort of the raison de tras that the original meeting of NATO, which was collected defense And that's sort of we're still completing that transition today. From this out ofher operations having complete control over your space of the battlefield, small arms fire, battling ideas to really sort of state on state large scale competition. You know, once again, having you know, naval maneuvers and being concerned about Russian naval activities in places with the North Atlantic and the eastern Mediterranean. These were things that for you know, over the past, you know, 2030 years weren't at the top of mind for from any NATO planners. It was really How do we get troops from? You know the United States to the battlefield on tour Bora or what have you and so we're still sort of completing that NATO has done. I think a pretty good job over the last, you know, 587 years or so in sort of rebuilding its collective defense efforts, But we really are not to the point where I think many allies would be totally satisfied that they've sort of checked that box. On D So you know for even when you think about us basing in Europe, you know, during the early 2000 it was really about logistical hubs, so it was moving large numbers of U. S troops. In equipment. It's a little loose and said You had places like launches Field, for instance, which is in the Portuguese Azores, which it big sort of was seen as no longer is relevant that have one spend during the Cold War. It became a supply depots of large scale fuel depot. Um, you think about US hospital in Germany along stool received countless American lives because you'd have to be able to Um this sort of bring them to a world class medical facility at a much quicker pace than you would if you had to send them back to the United States, and that time was crucial, and it did save a lot of American lives. So we're still coming, You know, completing this transition now, and the other I think is in some ways still sort of finding itself after this period, and there's a lot of the date within the alliance about What its role should be in the 21st century, you know, in 2021, what is its role? How does it deal with the new challenges the challenges of terrorism, the challenges of China cyber issues space issues? On Dis is a debate that that I think is ongoing and, you know, really is a robust debate within the alliance. Let me remind our listeners that our guest is a senior policy analyst on European affairs for the Margaret Thatcher Center for Freedom. And as we heard at the top of the program, President Joe Biden outlining his foreign policy doctrine, But as you well know, in the last couple of years during the Trump administration, a lot of debate with then president Trump, saying that NATO needs to pay its fair share and, of course, plans to withdraw U. S troops from Germany as many as 10. 1000 troops, so explain what that was all about. So American presidents, both Republican and Democrats have complained, really.
Why It Matters
A Brief History of NATO
"If you drive today from France to Germany you may see a few sheep. But you won't see a Border Guard. You won't change money and you will see no tanks and soldiers that border is undefended. That border is the site of untold bloodshed. It's today undefended because NATO and the European Union and processes of integration have made those borders geopolitically inconsequential. You know what I never actually thought about it that way. You know how last summer I was on that train from Paris to Berlin. I didn't even know when I left France and entered Germany. No soldiers incite. Yeah okay wait. Can we just start with what NATO stands for? Nato stands for the North Atlantic Treaty Organization NATO NATO alliance North Atlantic Treaty Organization and it is a body formed in one thousand nine hundred forty nine to commit the members of the alliance to Collective Defence. I E an attack on one is an attack on all we are in this together. It is an institution that keeps US safe. We don't lie awake at night worrying that somebody is going to invade that we look out the window and see tanks and troops coming and that's in part because starting in nineteen forty nine. The United States reached out to Canada reached across the Atlantic to its democratic partners in Europe. And said we're going to hang together. We're going to unite against threats to the peace that alliance has been around ever since nineteen forty nine and it has succeeded in keeping this community of Atlantic democracies since April four ninety nine critic was by Norway Denmark Belgium Luxembourg France Italy Portugal United Kingdom Iceland Canada and the United States. This Union of qualifications became known as the North Atlantic Treaty Organization or more simply NATO. So let's go back to the beginning a bit. How did this all start? How did NATO form? Well you have to go back to the nineteen thirties. When the United States basically became a passive bystander and was staunchly isolationist as fascism began to spread all over the world mainly in Europe and Asia but also began to spread its tentacles further and the United States. Tried to stay out of it. That strategy didn't work Pearl Harbor. We all know the story of the. Us enters were to be some some nine thousand nine hundred forty one eight date which will live in infamy United States of America was suddenly and deliberately attacked by Naval Air Forces of the Empire of Japan at the end of World War. Two we go into this big debate about well. What do we do now? Do we go back to being a hemispheric power. Do we bring back all the troops and pull out of Asia and Europe or do we stay put and that question was answered by the Cold War. By the fact that the Soviet Union which was our ally in World War Two became our chief adversary by the late. Nineteen forties when peace returned the western Allies de mobilized the Soviet Union maintained an overwhelming military superiority on the European continent. Both during and immediately after the war the Soviet Union forcibly brought under its control the whole cities of countries in eastern Europe and it was because of fear that if the United States did withdraw from Europe that the Soviets would overrun Germany France Britain and the industrialized powers of the West. That we basically say we're staying put and we are going to form an alliance with our key partners in Europe to prevent the Soviet Union and Communism