27 Burst results for "Olaf Scholz"
WTOP
"olaf scholz" Discussed on WTOP
"German Chancellor Olaf scholz is in Washington for a two day visit. It's a quickie, but Any evidence so far that Beijing is moving towards sending lethal aid to Moscow
AP News Radio
G20 meeting deadlocked over calling out Ukraine war - BBC
"A meeting of finance chiefs of the group of 20 leading economies has ended without a consensus, as Russia and China object to the wording of the war on Ukraine in a final document. The meeting hosted by India issued an outcome document that stated there was no agreement to how the war in Ukraine would be described in a news conference Germany's Chancellor Olaf scholz was clear on his views on the war, saying. The world is suffering as a consequence of Russia's aggression at a session attended by Russian officials, US Treasury secretary Janet Yellen condemned what she called the illegal and unjustified war against Ukraine. The group includes Russia and
The Dinesh D'Souza Podcast
How the Biden Admin. Secretly Destroyed the Nord Stream Pipeline
"Almost exactly a year ago. Biden gave a statement, he was meeting in The White House with German Chancellor Olaf scholz. And at the press briefing Biden said this quote. If Russia invades, there will no longer be a Nord stream two. We will bring an end to it. So here's Biden almost startlingly advertising what the United States would subsequently do. And simo hirsch's point in his article is that this is what they actually started doing. They started planning how to bring about an end to the Nord stream pipeline. They decided to use the U.S. Navy. The U.S. Navy's diving and salvage center, which happens to be headquartered in Florida, has skill teams of deep sea divers. And they decided, let's use a bunch of these divers. We will send them off to the Baltic. These are experts that planting explosives and they're going to blow up the pipeline. Now it's going to be done in complete secrecy. In fact, it's going to be done as an intelligence operation so that we don't really have to inform the Congress. We're not going to tell anyone about it. In fact, we're going to publicly pretend that we didn't do it. We meaning the United States didn't do it. And we're going to count on the media to cover our tracks. In fact, there's an interesting as far as I know, no major media has deployed investigative reporting to find out what really happened to the Nord stream pipeline. There was just some job Putin probably did it, and then the matter was completely dropped. In fact, only the Russians have been talking about the fact that the United States needs to provide some answers for its role in blowing up the Nord stream pipeline.
Bloomberg Radio New York
"olaf scholz" Discussed on Bloomberg Radio New York
"Let's get Leanne guerin's now for a global news briefing. Stephen good morning, Germany's SPD is crashed into its worst ever election result in Berlin failing to win there for the first time since 1999, support for the party of Chancellor Olaf scholz slumped from 21 to 18% behind the conservative CDU on 28% and level pegging with the greens, nationally Schultz's party has been trailing in the polls since the middle of last year. Now Israel's president has warned in a rare prime time speech at the country's on the verge of constitutional and social collapse over a government plan to reduce the power of judiciary Isaac Herzog said the absence of dialog as tearing Israel apart from within and a powder keg is about to explode. Prime minister Benjamin Netanyahu's government wants a greater role in appointing judges and limits to the Supreme Court's authority to strike down legislation. And Britain's young are tightening their post rings more than older generations, spending by millennials and Gen Z has slow to a crawl while baby boomers are Tapping these savings to maintain their living standards and this is all according to credit and debit card data from Barclays. Overall spending is holding up even though prices across the economy are still rising rapidly. Global news 24 hours a day powered by more than 2700 journalists and analysts in over 120 countries, I'm leann gerrans, this is Bloomberg. Leanne, thank you very much. I mean, just do we do we agree with those spending habits do we think that's a? Well, I think it can be true because I've been having a look at this and a lot of millennials I know that with old millennials, but the young millennials and Gen Z, a lot of them are still students and students have been really struggling when it comes to rising inflation and the cost of food, prices, and living as they do go to university and start out on their career journey, really. But then we also got this other analysis out today, which showed that parents are gifting a lot of money to their children in some social groups, which is also another sort of whole thing about where all our monies coming from, but I was at 20,000 parents were giving to their children. The average gift was always under about the correlation between age and wealth. And when we talk about it, I mean, there are plenty of older people who are struggling. Yes, absolutely. Anyway, Leanne, thank you very much for that. Now, it's going to be a busy week this week for global markets. We get U.S. CPI numbers out tomorrow. We get the bank of Japan with its new governor and all of that is just in tomorrow tomorrow's session. Nanette Hesse dev joins us Credit Suisse head of economics and research. Oh, in fact. We're still waiting for an hour for the moment, but look, the bank of Japan announcement tomorrow widely trailed since Friday that kazuo ueda is to be the man to get the job reporting by our sources and elsewhere as well. Lots of questions about I suppose how much we know about them or rather how little we know about it. And maybe we should have known more because I mean, in some sense, he was not unknown. He's not unknown, and he went to MIT. We heard Larry summers on Friday saying he sort of Japan's Ben Bernanke, which is a nice way to contextualize him. And others talking about how he's a very pragmatic person. He's not going to be political, he's clearly a person with great academic experience, a Professor of economics in his 70s, of course. And maybe it's just too simplistic to try and pigeonhole these governors as either hawkish or dovish and if this is genuinely somebody who's not going to be so political and who is going to just approach the data as he finds it and do what Japan needs then maybe that is going to be something that the markets might welcome. Although whoever it is, markets are expecting a big shift because if you look at the size of the bank of Japan balance sheet, there are just so many people asking questions about whether that can continue to grow. There just won't be that many JGBs available to the BOJ to buy soon. And what happens is a corollary of that, you know, warning of a wave of Japanese cash flowing out of international markets towards rising yields at home if that's what is available to them when it comes to an adjustment to yield curl. The yield curve control as well. So it's a fascinating time. It hasn't changed. Yes, because it does have this global impact as you suggest, so if a Japanese investors have spent the last few years putting a lot of their money abroad in search for you. In search for yield, absolutely, and now if they're going to be able to find that yield at home at some of that flow might come back, might head back to Japan. Right, I think we do have nanette heschel AW with us now Credit Suisse head of economics and research. And it's very nice to have you with us. So it's going to be a really busy week. What do you think is going to have most lasting impact on the markets? This is perhaps a very difficult question to answer, but the U.S. CPI data or a new bank of Japan governor. I would say both if you like. Yes, those that surely for global markets altogether, I would still keep on inflation. Inflation is really what is making at the moment that the Ben weather on markets because of the impact on interest rates altogether. And the bank of Japan changes up the helm of the bank of Japan. I just part of it. It's all about how central banks are going to set interest rates in response to inflation. So at the origin of it all remains inflation. Okay. What are your expectations when it comes to U.S. CPI this week or we confirming a trend of downward was a downward trend of inflation? I mean, that's the consensus consensus is that there is going to be a continued decline in headline inflation. But here is also the, in some sense, the risk to it. If everybody is expecting that and the headline inflation actually does not come down by the extent expected. Of course, this is going to have an impact that is really material on financial markets. And what do you think is at stake when it comes to the inflation picture and the fed conversation in it? Because if we get a number that comes in really hot, is that going to put in doubt the rally in risk assets that we've seen at least up until last week. We'd seen trying to bed in since October. I think there is the risk of that happening because we have had really red hot data out of the labor market in the United States. And if we are going to have now a series of data that are just going to strengthen the case for the Federal Reserve, not only to do what is still expected, which is another interest rate high cover quarter of a percent, but actually to hold those interest rates unchanged for the whole of the year. I think that this is really the material impact to expect. Then for the Eurozone Bloomberg survey survey economists showing Eurozone inflation above 2% even in 2025 as they're expecting things to slow towards the end of this year to 3.6%. What does that mean for ECB rates? I mean the ECB is between The Rock and the hard place. Because on the one hand, it has inflation that is far above what is considered as price stability as we all know it is not an optimal currency area. So actually in some countries of the Eurozone, there are double digit inflation rates and at the same time, it is confronted with an economy that is still reeling, perhaps a bit more resilient at what everybody had feared, but they really so altogether the ECB is still on the course to raise interest rates as well. And 5% terminal rate. Thank you very much, nanette has to feed her
AP News Radio
Watch Live: Biden to deliver remarks on Ukraine as U.S. prepares to send tanks
"Ukraine's allies are responding as president zelensky requests heavier battle tanks for that nation's defense. The White House says President Biden will talk about the continued support for Ukraine at a noon address. This coming after U.S. officials said the United States had agreed to send M1 Abrams tanks to help Ukraine's troops push back Russian forces in the country's east. Chancellor Olaf scholz says Germany will provide one company of leopard two a 6 tanks, 14 vehicles, and the goal is for Germany and other countries to provide a total of two battalions or 88 tanks. Schultz says they are acting in close coordination with
AP News Radio
France, Germany renew alliance strained amid war in Ukraine
"France and Germany are pledging continued support for Ukraine while promising to strengthen the EU. The commitment comes as German Chancellor Olaf scholz and his cabinet visit Paris for talks with their French counterparts. The meeting takes place on the 60th anniversary of their post World War II friendship treaty and is held to overcome differences over defense energy and the economy some of it laid bare by Russia's war in Ukraine. In a joint declaration, the two countries now say they will continue to show unwavering support to Ukraine in all areas possible, and will stand with Ukraine for as long as it takes. I'm Mimi Montgomery.
Bloomberg Radio New York
"olaf scholz" Discussed on Bloomberg Radio New York
"Sushi or economic remodeling, a high inflation are inflation. Increasing interest rates and going national debt. This is particularly helping low and middle income groups, it is executing societal fragmentation. As Klaus Schwab says, we have some global economic issues to deal with. Starting with at least the possibility of a recession, something that Citi CEO Jane Fraser told us, she anticipates, though it may not be a bad one. We do have what we are seeing as different countries are a very different places. So you actually can not speak in generalities. We expect to see a rolling series of country recessions. But short of anything crazy happening, geopolitically, and this time last year we wouldn't have predicted what happened in Ukraine. You've seen the tales come in so you've seen the over optimism from some about soft landings and the economy is doing well. But he grieved seen the severe case downside also coming in. I think the general view in the states certainly one we hold at city is we expect to see a mild recession. Largely driven by the painfully persistent service inflation, it's coming off, but it's still pretty high and we do expect to see central banks continue tightening as a result. But the vulnerabilities that amplified previous recessions around the world are not present. Banks are in very good shape, consumer balance sheets are in good shape, corporate balance sheets are in good shape. And I think that omens well for a mild recessions when they come. Rather than ones that we have to be worried about. Jane Fraser sees a rolling recession around the world, but maybe it just maybe it won't roll to Europe after all. After German Chancellor Olaf scholz told our editor in chief John mccl theight that he does not anticipate a recession in Germany this year. And Gary Cohn, he's now vice chair of IBM, agrees with him. I thought that the risk to Germany was really the energy situation going into the winter to the extent that we had a very cold winter. And they had to start rationing energy and they had to cut back industrial Germany to keep people warm. I felt that that was a really tough situation potentially. We're now deep enough into the winner and we sort of know where we are. We know what's in reserve and storage. I think Germany is going to get through the winter fairly easily with energy. And I think they're going to continue to power through this. So I'm in agreement with the Chancellor. All of which led to a somewhat more positive outlook at the World Economic Forum than some had anticipated. As observed by Mary Callahan erdos, responsible for investing $4.1 trillion at JPMorgan asset and wealth management. I would say the tone here having come here for the past decade is less depressed than it often is, which is a good sign of hope of what's happening out there in the world. Having come off of the most difficult year for a balanced portfolio 60 40, whether you were in stocks or bonds or anything in between. It was pretty rough sledding. And so I think everyone's happy that that's behind us and looking forward and the job of what all of us at JPMorgan do is work on advising clients through the cycle. And so we're going to have lots of boom and bust cycles. And I think the most important thing is to stay focused on diversification, opportunity, not getting wedded to any one thing that looks like it worked in the past. It may not work in the future. And so we're spending a lot of time on that. I mean, one of the things that really manifested itself through COVID was the problem of home country bias, which creeps into almost everybody's portfolios. And you have to be very aware and conscious of diversifying out of it. So not only home country bias in terms of the stocks and the bonds you buy, but also the currency and I think it's now a really important time that people think about how to get all of that the opportunities that they may have missed in other parts of the world. Especially parts of the world that are reopening and making it very interesting. Morgan Stanley's James Gorman agreed that there is room for optimism, not least, because of China. Well, you know, I've seen I've seen a lot of cycles in my career
Bloomberg Radio New York
"olaf scholz" Discussed on Bloomberg Radio New York
"Tuesday, a Bloomberg exclusive live from Berlin, where German Chancellor Olaf scholz sits down with Bloomberg editor in chief John McCain, a wide ranging conversation only on Bloomberg, your global business authority. We are ready falling behind. We've said this before, we need today to invest just to keep production at current levels. Let alone cater for additional demand, which we see rising by at least 10 million barrels a day by 2045. That's the view of the OPEC's secretary general a little bit earlier this morning, life from New York City. Good morning to you. Equity futures look like this on the S&P down a third of 1% on the S&P 500, coming off the back of a four day winning streak on a S&P. Can that continue? Tom very focused on crude as a Mike. $80 on WTI 85 on Brent. Here's the latest from an OPEC report grant Smith writing this one up for us at Bloomberg. OPEC expecting global oil supply and demand to be in balanced in the first quarter is top official from OPEC, saying he's quote cautiously optimistic on the economic outlook. The OPEC countries will need to provide an average of 28.85 million barrels a day in the first three months of the year. Roughly 120,000 barrels a day less than it pumped last month Tom, just the latest numbers from that report from the organization of petroleum exporting countries. The operative word is unched. There's a lot of interest in the report, but I see some things John that are not launched in what is China growth. I believe they model in 3.1%. China growth and that is far below. What we're hearing from some street observers and I really wonder what that dynamic will. Well, that's the bottom line for the year as a whole, OPEC predicting that world auto demand will increase by 2.2 million barrels a day to average 101.77 million a day while supplies outside of the group will expand by 1.5 million barrels a day and to your point, China clicking back in. We're going to see what kind of damage that inflicts or rather what kind of rally that fuels in the commodity market. And you look at a gallon of gas in the United States, we just Lisa and I always click on the same one. I got $3 and 32 cents. I know there's many other prices out there as well, John. And I'm sorry, I'm going to take it back to the pandemic and up we go $2. Remember $2 a gallon? Oh my goodness. Do you remember negative prices? $5 a gallon. We're down to three 32, which is sort of mid level 2020. I agree. But then I have trouble with that because I'm not an expert on it. I listen to the experts on that and they're sort of mystified by what we did. I talked to one right now about it. We could. That's rip up the script. We can do that with Julian Lee Bloomberg oil strategies. Joey and from London and with all your, you know, we'll get to supply and demand and all that in a moment. But you're an adult on this and academic elite. Brief a sudden why the SPR discussion in America matters. I think it matters because we've become very, very used to having this huge inventory of oil in the ground that can be called on a very short notice to meet any supply disruptions. Now, I think it's important to bear in mind that the SPR and the size of the SPR really dates back to the 1970s when the U.S. was a huge importer of both crude oil and refined products. That has changed dramatically. And in order to meet the import needs of the United States now, you actually need far less oil in the strategic petroleum reserve than you did, ten or 20 or even 50 years ago. So I personally think that some of this agonizing over rebuilding the SPR to historic levels is somewhat misplaced. Yes, an awful lot of has been taken out of it and some of that over time needs to be put back in again. But I don't think it's quite as urgent as perhaps some people are arguing. I want to go back to your work at the center for global energy studies, doctor Lee, and basic idea here is guessing supply and demand is we just saw OPEC and OECD and IEA and all the rest of them do it. Tell me about the certitude of guessing oil demand. Can you guys actually calculate it? I don't think anybody can really calculate it. I mean, a lot of the estimates are based off people's forecasts for economic growth. And for population and models have been developed over time that have matched the growth in gasoline demand or any sort of oil demand, reasonably well. But if you then sort of start looking at these forecasts and more importantly, looking at the revisions that are made to estimates, not even of future demand, but estimates of historic demand, we see that those agencies that care about what happened in the past are revising their demand numbers often as far back as 5 years or more. And now to me says that, yes, you can get a pretty good broad picture of the direction that demand for various oil products or even total oil products is
Bloomberg Radio New York
"olaf scholz" Discussed on Bloomberg Radio New York
"All right, Charlie, we thank you as we continue our coverage from the Bloomberg 99 one studios in Washington. With the story unfolding on the other side of the world, Bali, of course, where the G 20 summit is happening. In many references to the war in Ukraine, not only during yesterday's meeting with president Xi, of course the two presidents got together, but today we see German Chancellor Olaf scholz indicating there is a growing consensus among the leaders at the G 20 that Russia's war can not stand can not be accepted, that everything must be done to counteract its impact on global food security, and on rising energy prices. They do expect, by the way, to extend this deal allowing exports of grain with the help likely of turkey when we spoke earlier today on Bloomberg with John Kirby, the spokesman for the national security operation inside The White House, San Marie horde asked him about China's role in all of this because it was a lot of good feelings in the air following the meeting of the Mayans yesterday in Bali. But we must remember the president Xi is very close to Vladimir Putin. Here's how John Kirby put it. China hasn't condemned the war. They haven't stopped buying Russian oil. They haven't provided any military equipment, but clearly they haven't come out as forcefully as the rest of the international community in really condemning this war. Let's bring in hagar shamali, CEO of Greenwich media strategies, former senior policy adviser in the treasury sanctions division, non resident senior fellow with the Atlantic council's geo economics center. With an eye on G 20 hagar it's great to have you back with us on Bloomberg. How important is this conversation knowing that Vladimir Putin is not in the room? Joe, thanks so much for having me. Well, G 20 meetings in general, G 7 meetings. These types of groups summits where you have heads of state meeting are always important, especially at a time when you have economic instability all over the world. We have a war that threatens to upend the international world order as it's been established since World War II. And so any opportunity to have heads of state meet in person is I will argue more important than any meeting you're going to have, frankly, the UN Security Council right now. And that's because you've had some state meeting directly. So not having Putin there is really not in my view what matters. Lavrov came the foreign minister came in his place, frankly, I'm not one of those types that believes that Russia deserves a seat at the table. More importantly, you had President Biden and president Xi of China meet and that that's their first meeting since President Biden in person meeting that since President Biden became president. And that meeting is the most important thing I think that came out of the 20. So John Kirby's point, though, it's not like Russia has dropped its act and president Xi has divorced Vladimir Putin. They were friends for life after they met at the Olympics, right? There's a lot more that China could do to help. That's fair and I wouldn't have expected it anyway. I don't think that anyone was expecting China to turn it back entirely on Russia. China is trying to have its cake and eat it too. As a rule, the Chinese Communist Party and president Xi plays a long game. They want to be able to maintain some kind of relationship with Russia to import oil on the cheap from Russia, while not getting in the crosshairs of U.S. sanctions, while not completely undoing the foundation of its economic prowess, which is its trade relationships, right? And certainly its activity all over the world to offer loans in exchange for building infrastructure and setting up systems in countries like South Asia and Africa and all over there trying to spread their influence. And that is that's going to maintain that's a priority for them. And so they're not going to want to do anything to undermine that. But it's unclear how long they're going to be able to do that. For the United States, we've been very clear that we don't want to see any kind of military aid from China going to Russia. We don't want to see any technology or anything of that kind that would support its violence machine. And so far, it seems that China has upheld that end of the bargain. And when it came to the meeting between Biden and she, we're dealing with two things here. On one hand, you have the fact that the U.S. China relationship has been its lowest in decades. And both leaders clearly sought an effort to try and maintain some kind of stability in that relationship, not letting it go lower than that. And you heard a lot of references to that that there was a desire to avoid any kind of quote unquote Cold War. And so you have that on one hand and then on the other hand, you have the question of the war on Ukraine and that is certainly what was the sticking point throughout the entire meeting, not just between Biden and Xi, but in general what prevented a lot of agreements at the G 20. But again, that was to be expected. Nobody was thinking no one was thinking that China would turn its back and change its tune. But we do need China to not play a spoiler. And that's what Biden is trying to get out of his relationship with she when it comes to Russia specifically. What do you make the fact that Sergei Lavrov stayed in the room, he actually stayed in his seat for the address that we talked about earlier this hour of virtual address by president zelensky before firing back with his series of often made, but unsubstantiated accusations. That in itself seemed to be an interesting development to me since he's been scarce lately. He has been apparently he also had at some point during the G 20 chest pains, allegedly. Yes, allegedly, that where he may have or may not have had chest pains and may or may not have gone to the hospital for that. But this is not the political theater that you find at the United Nations, where leaders get up and when they're not when they don't agree with something that a leader has said, where they stand up and walk out. And that is part of the normal discourse at the UN. But at the G 20 and the G 7, for example, you're not going to see behavior like that because the whole point of this summit is for leaders to come and coordinate their economic policies, certainly with the G 20 in particular. And in this case, the economic policies are going to tie very much to geopolitical events like the one you have in Ukraine. Only have a minute left hagar. I just would love to have you weigh in on this meeting with president Erdoğan of turkey as well. Does that keep the grain shipments flowing? President Biden sitting down with Erdoğan? Listen, Erdoğan has built himself an interesting position as mediator in having this unique relationship between Russia and Ukraine both of them and being able to come with to bear fruit from that relationship like the green deal and so I don't believe that the green deal will go away. I hope that they're able to extend it indefinitely since it has proven quite helpful in preventing or at least not exacerbating the global world crisis. Always great to compare notes with the garish amali thank you gar for your insights CEO of Greenwich media strategies with us on balance of power coming up the former transportation
Bloomberg Radio New York
"olaf scholz" Discussed on Bloomberg Radio New York
"Be fine. We are told she's doing as well as can be expected under the circumstances. Yeah, griner is a serving jail time on Russia on drug charges. German Chancellor Olaf scholz endeavoring to do a solo mission to China, German companies do much business in China and chose to walk a fine line between economic and geopolitical issues. Bloomberg's Christophe Roald reporting a short feels that the time has to be now. Doing the same in China if, for example, the conflict in Taiwan were to escalate. That's something that would be much more difficult to pull off just because of the sheer size of the industrial operations that German companies do have in China. Now this mission is, of course, very controversial and that you, which is taking a much harder stance, the EU has toward human rights in China. U.S. president Joe Biden says, well, the battle in courts over student loan forgiveness continues applications continue to come in. This is a game changer for so many people. We're hearing from people all over the country about how easy it is to apply. Close to 26 million Americans have already applied. Biden is out on the campaign trail with just days left before the midterm elections. And Stanford University here in the Bay Area acknowledging some missteps in a case of a man who pretended to be a student and lived in several dorms on campus for the last ten months. 20 year old William curry, who is an Alabama native, had lived in at least 5 dorms off and on. Stanford daily reporter Theo baker says, will there are a lot of questions according to his ex-girlfriend. He was providing alcohol and exchange for basically friendship with people on campus. And he was getting let in to various groups again and again. And that's part of what makes this story so remarkable. He was walking into the front door. He'd been removed from the campus several times, but then had returned. In San Francisco, I met Baxter, this is Bloomberg, great world, Brian. And thanks very much 38 minutes past the hour we are reminded of that every day. Let's get to Dan schwarzman, who's looking
Bloomberg Radio New York
"olaf scholz" Discussed on Bloomberg Radio New York
"Officials are voicing their fury with Saudi Arabia over OPEC plus production cuts saying the administration is undertaking a sweeping evaluation. It's terminology of what the relationship is, including modifying agreements, says it may ask Congress to get involved. Elon Musk Starlink has previewed in Japan making it the first Asian nation to receive SpaceX satellite Internet service much of the country's north, including Tokyo, can now receive Starlink signals. G 7 leaders have pledged to support Ukraine for as long as it takes. U.S. meanwhile says it is speeding up deliveries of air defense weaponry to Ukraine in response to president zelensky's requests. German Chancellor Olaf scholz has announced plans to travel to China to try to get some clarity into its position regarding Ukraine. The U.S. Department of Justice has urged the U.S. Supreme Court this coming today to stay out of the Mar-a-Lago documents dispute and reject Donald Trump's bid to have outside special master review more than 100 records with classified markings. And Elon Musk has denied reports that he spoke directly with Vladimir Putin before he texted saying that Ukraine needed a negotiate. The assertion about the conversation came from Eurasia group Ian bremmer, who stands by his statement. In San Francisco, I'm at Baxter, this is Bloomberg. Bloomberg opinion informed perspectives and expert data driven commentary on breaking news. And it is 8 50 p.m. on Wall Street time to check in with Bloomberg opinion were joined by opinion columnist Tim Colton, who's writing about how the timing of U.S.
Bloomberg Radio New York
"olaf scholz" Discussed on Bloomberg Radio New York
"LNG as the country seeks to replace Russian supplies. So what Fox went has more on this sheets only just from London. So Simone, what are some of the nuances of this deal? And I mean, how is this going to get sold to a very anxious domestic German population? Well, I think the idea that Germany that Olaf scholz was going to go to the Middle East and suddenly come back with all this massive supply of LNG to stem the gas crunch was simply a pipe dream, but what he did come back with it looks like is a 137,000 m³ of LNG from adnoc that's going to be delivered to utility company RWE by early 2023. So this is a near term sort of deal. It is one that's going to make use of floating regasification plants that Germany is bringing in to allow itself to accept shipments of LNG. So there's a near term element of this that's positive. But what didn't happen, Germany didn't strike new deals with Saudi Arabia or with Qatar. These are both deals that likely would have been long term, that sort of where we are on discussions either around LNG or around hydrogen. We didn't see a ton of movement there. And the German side has been very unwilling to try and accept these long-term contracts that folks like Qatar like Saudi Arabia are demanding for these long-term supplies. And you have to think about this in the context of what total energy is a CEO, Patrick pollini, who was in Qatar and will discuss this in a moment. He was saying that essentially European countries are being unrealistic. If you want a cheap price for short duration, he says, the answer is obviously no. And then on the LNG front total energy and counter announced a major new deal. What are some of the details there? Yeah, this is a deal for what's called Northfield south. This is a second massive piece of a two phase expansion project for Qatari LNG. This is a little bit longer term out with the first natural gas or first LNG likely to be shipped out of the country in 2027, but totally clear beneficiaries here. We heard over the weekend on Saturday that the company would get 9.375% stake in that new project out of the overall 25% that Qatar wants to sell off total had gotten one of the largest stakes on offer for the Northfield east project that's phase one of this program. Now getting a pretty sizable stake in Northfield south. So clearly there's a tie up there between total and Qatar that seems to continue and for his part saying he would have taken more of this deal if it had been an offer. And then on the geopolitical side of things, the protests in Iran continued for a tenth day yesterday. We understand there have been more injuries more fatalities. What's the latest? Yes, state TV saying that at least 41 people have been killed, but a lot of human rights organizations and others saying that that number is much higher. It's very hard to tell exactly what's going on in Iran right now because there have been widespread Internet disruptions, Internet outages, but it does seem like the government crackdown on these protests is intensifying, even as they spread to more and more cities and the protests appear to become even more emphatic than they had been in the past. One thing here that is different potentially than previous protests is that this appears to have united a wide range of people across economic and social Strata, progressive, conservative, rich, and poor. That is something that's been noted by a bunch of analysts watching these protests also the involvement of Gen Z the folks who've been born after the year 2000. Those are things that previous protests didn't have, but as yet they do seem to be a little bit smaller than the 2009 protests, the green movement, again, we have to see how this plays out, particularly as this crackdown appears to be intensifying. So on, thank you very much for the roundup. That's just about Fox in London. We still have much more to come on the program. This is
WABE 90.1 FM
"olaf scholz" Discussed on WABE 90.1 FM
"For baby formula but instead finding empty store shelves He was scheduled to meet this hour with some major infant formula companies global suppliers are seeking U.S. approval to ship the product United Airlines reportedly has agreed to transport British mate get a bill formula for free from airports in the UK to the United States the first shipments may be available at target stores in the coming weeks In Germany Chancellor Olaf scholz has called on employers and trade unions to join the government in finding ways to curb inflation As May Nicholson reports prices in Europe's largest economy are at their highest level since German reunification According to the federal office of statistics consumer prices in Germany are 7.9% higher than they were a year ago a level last seen during the oil crisis of the early 1970s The trend can be felt throughout the Eurozone where prices have risen because of pandemic related supply chain issues and as a result of Russia's continued invasion of Ukraine In a bid to relieve consumers of the burden of rocketing living costs schulz's government is offering cheaper transport over the summer Germans can now ride local and regional trains and buses anywhere in the country for the equivalent of $10 a month gas is also cheaper as the government temporarily cuts fuel tax For NPR news I'm esme Nicholson in Berlin The Dow Jones Industrial Average is down 125 points at 32,863 I'm Lakshmi Singh NPR news Support for NPR comes from NPR stations Other contributors include fidelity wealth management Working to.
Bloomberg Radio New York
"olaf scholz" Discussed on Bloomberg Radio New York
"From New York City and around the world here's Michael Barr It's the final day of the World Economic Forum in Davos German Chancellor Olaf scholz delivered a special address touching on everything from the pandemic to Russia's war in Ukraine calling the invasion of thunderbolt And we must never forget about it We can not switch off We can not push it aside has to spare us on a daily basis to do what we can in order to put an end to this horrible war The translator Chancellor Schultz called Russia's invasion of Ukraine a watershed moment in history A makeshift memorial continues to grow with balloons and crosses at the Texas elementary school where 19 children and two teachers were killed by an 18 year old gunman meanwhile authorities say the gunman spent 40 minutes to an hour inside the school opening fire on anyone in front of him The FDA is blaming its mailroom for what ultimately led to the baby formula shortage crisis One of the main producers Abbott and the FDA faced tough questions on Capitol Hill yesterday Back in October a former employee sent the FDA a report detailing health violations at Abbott's planned in Michigan but the FDA says because of a lack of staffing due to COVID it didn't receive the whistleblower complaint until February 4 months after it got to the agency's mailroom By that time an infinite already died and two others were hospitalized after drinking formula from the Abbott plant The FDA shut down the Abbott's Michigan plant FDA commissioner Robert califf We knew that ceasing plant operations would create supply problems but we had no choice given the insanitary conditions The FDA's Robert Caleb says however they did not find any militias actions from employees that would have prevented production Abbott vice president Christopher calamari says the company didn't know about the employee warnings and the conditions at the plant ABBA did not find out about it until it was made public in the end of April Abbott's Christopher calamari Live from the Bloomberg interactive broker studios.
Bloomberg Radio New York
"olaf scholz" Discussed on Bloomberg Radio New York
"Backs you with news in San Francisco All right thank you Brian I try not South Korea nuclear envoys are setting up meetings to discuss North Korea U.S. has Russia's making little progress in Ukraine and that morale is low U.S. also saying that a heavy stream of heavy munitions is moving into Ukraine and that forces even in the east and south are being beaten back by Ukrainian forces Germany is starting saying today that sanctions against Russia can only be lifted after its forces leave Ukraine German Chancellor Olaf scholz is confirmed what we've been reporting that he has officially invited Indian prime minister Narendra Modi to the G 7 summit next month Shanghai's latest day to today case count COVID is below 10,000 for a second day New York City's health department says COVID risk is increasing urging indoor mask wearing again In San Francisco I met Baxter This is Bloomberg art rich All right let's get back to our guests with the house out at Dana de ora is coochie investment officer to invest net and PMC taking a look at the markets Thanks so much for sticking around with us Dana Now the thing is currently talented as being the adviser to the adviser as it were to invest in PMC So what are you getting from the advisers What are their concerns and how are you fulfilling them Yeah thank you for asking that Because certainly you're absolutely right advisers at the end of the day are our clients and they are representing the interests of retail clients across the United States and even globally And for sure there's a few concerns mounting Obviously one is what is the expectation for equity markets for the rest of this year The fact that there's no hiding the fixed income markets are as bad as so you're in a situation now Reside in this market it's neither is performing for you So certainly questions around Where do you take shelter and then add to that that attacks increases potentially back on the table We know senator sinema does not support that but you see Manchin and Schumer talking about it So certainly now questions again around should we be looking at tax efficiency So higher inflation supply chain challenges new risk from slower growth in China given the COVID situation there We talked about the fed earlier and some of the earnings that we've seen have been kind of mediocre and guidance maybe a little disappointing as well Do you want to be exposed to the U.S. equity market overweight U.S. equities at the expense of some of offshore opportunities or are you less inclined to put your money to work in foreign markets these days I think it's a short term versus a medium long-term view So if you take in that medium long-term view I think you want to be diversified Equities in the U.S. are still valued pretty highly Notwithstanding the selling that we've had this year And diversification in general right We're going to be hit hardest by another potential COVID outbreak at the end of the day You don't know where recovery is going to be best We have interest rate increases here versus some of the countries For example Japan are not necessarily going to increase rates In fact interesting development last week with China interest rate they didn't end up doing more stimulus which was kind of expected But diversifying the medium to long term short term that kind of the geopolitical certainty may make you feel safer as a U.S. investor in U.S. stock I just want to get back to what you were talking about with regard to tax increases of the possibility of them What would be the consequence of well I suppose a minor tax rise how would that be viewed by the Federal Reserve for one I think it's interesting because it's kind of being touted as it will help us to fight inflation and really because we want to reduce the national debt that will be inflation fine which I think at a very fundamental level is understandable to people But does a tax at this point actually had way on inflation in the near term or really really questionably over any given period I don't know that I see that you know certainly the data doesn't necessarily suggest that that's the case You're talking about I don't think I'm sorry Now you were just talking about revenue increases today the treasury indicated that it's expecting to pay down government debt this quarter which is kind of a reversal from what treasury thought previously they thought that the net borrowing was going to end up happening in the second quarter But we've seen a surge in tax revenue and so maybe if growth remains strong there will be less inclined to lean in to higher taxes Is that a fair assessment There's a lot of politics around this Your points are great because it's important for folks to understand that tax revenues are pretty good right now both at the federal and the state level That's why it's states are looking at ways to return that money to their constituents right They're looking at removing gas taxes and things like that to help with inflation from that perspective So there is an argument certainly to be made that we don't need a tax increase right now And there's a reason to think it won't go through Republicans won't support it Senator So see what happens but it's interesting that it's even being bandied about in this market Very quickly Dana tell us about the value trap Well I guess help me with where you're concerned is on that I'm actually proponent of value at this point I think value the valuations are more attractive The danger of value investing very quickly in ten seconds Well certainly you can knife if you're doing value in I think a tilt towards value is still recommendable Dana thank you so much for joining us The aura that co chief investment officer to.
Bloomberg Radio New York
"olaf scholz" Discussed on Bloomberg Radio New York
"Washington D.C. We'll get some more of the national news with Amy Mars It's actually Nathan Hager back 'cause you know what I said Amy Mars because we've been talking women's hoops and filling out the brackets because she's very long university of South Carolina We could spend all day talking about that but unfortunately we have to talk once again about the war Artillery fire could be heard this morning the Ukrainian capital Kyiv the lawmaker in Ukraine actually says up to 1500 people were sheltered at a theater in the port city of Maria poll that came under attack That lawmaker says there are reports of injuries there but not death Ukraine's president Vladimir zelensky addressed Germany's lower house of parliament this morning He says Russia's invasion is building a new wall in Europe as he pleaded with German Chancellor Olaf scholz to cut commercial ties with Russia and his words to tear down this wall a vocation of Ronald Reagan and his iconic address from 1987 Pentagon spokesman John Kirby says the U.S. continues to see heavy bombardment of cities like kharkiv and journey of what we have not seen the Russians for all to talk about wanting to find a diplomatic path forward We haven't seen them act on that John Kirby at The Pentagon spoke with Bloomberg television's Maria tadeo In fact the Kremlin says reports of major progress in talks with Ukraine are wrong though there are more discussions scheduled for today The UN Security Council is also going to hold another emergency meeting on the war this afternoon That's coming at the request of the U.S. And The White House says President Biden will discuss the war with Chinese president Xi Jinping tomorrow as he continues his bid to shore up global pressure on Russian president Vladimir Putin 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 Nathan Hager.
Bloomberg Radio New York
"olaf scholz" Discussed on Bloomberg Radio New York
"Destructive and even more deadly The situation could spiral out of control Meanwhile German Chancellor Olaf scholz has issued a statement saying he held a one hour conference call with French president Emmanuel Macron and Chinese president Xi Jinping and that all three agree diplomacy as a road to solving the war in Ukraine Hong Kong government has announced that chief executive Carrie lam will hold a news briefing at 11 local that's the top of the hour just a little over 20 minutes from now This amid speculation that she may have to shift the planning on the mass vaccination program this month There have been media reports that the city will have to focus on the high death rate in the elderly community reports say that the testing program may have to be moved into April And Pfizer will soon submit data to U.S. regulators on a fourth dose of the vaccine CEO Albert bourla on Bloomberg's balance of power says as well as a variant vaccine We need to wait until the full set of the data But we are trying to bring something that it is a new version that will cover equally well The old and the new variants all variants pan variants And he says all the data is not in yet So they'll wait Elon Musk has asked a judge to end the SEC oversight of his Twitter post under a 2018 agreement He says it's being used to trample his free speech rights In San Francisco I met Baxter This is Bloomberg Doug All right Eddie thank you Dan Schwartzman's here for a look at global sports.
WTOP
"olaf scholz" Discussed on WTOP
"And we have new developments this hour Russian president Vladimir Putin says he's ready for talks with the U.S. and NATO on limits for missile deployments and military transparency He spoke after he had talks with German Chancellor Olaf scholz He says that Russia is ready to engage in talks on limits on the deployment of intermediate range missiles in Europe transparency of drills and other confidence building measures But emphasize the need for the west to heed Russia's main demands His statement follows word earlier today from Russia's defense ministry about a partial pullback of troops after military drills that announcement added to hopes that the Kremlin might not be planning to invade Ukraine immediately The Russian military not giving any details on where those troops were being pulled back from or how many Meantime some experts say this claim of a true pullback is yet another Russian trick Several elements are happening at once DHS and the FBI issued an alert on Monday warning of cyberattacks against Ukraine and the U.S. western intelligence sources also say they've spotted soldiers for hire connected to the Kremlin inside Ukraine working on plans for a false flag attack Additionally their concerns this whole troop reduction activity by Russia is an elaborate ploy to distract attention away from a possible attack somewhere else in NATO territory And there's a big concern about a place called the souvlaki gap in between Poland and Lithuania JJ green WTO P news Coming up here on WTO will have the latest from fairfax county This morning we're following a developing story where police have shot and injured a man who was armed with a rifle 1134 The following is a paid commercial message Superheroes are usually fictional characters like Superman and Wonder Woman But at vehicles for change our superheroes are real people like.
AP News Radio
Germany urged to 'wake up' over Ukraine-Russia crisis, before it's too late
"Germany Germany Germany Germany faces faces faces faces heavy heavy heavy heavy criticism criticism criticism criticism over over over over where where where where it it it it stands stands stands stands with with with with Russian Russian Russian Russian Ukraine Ukraine Ukraine Ukraine tensions tensions tensions tensions ahead ahead ahead ahead of of of of chancellor chancellor chancellor chancellor Olaf Olaf Olaf Olaf Scholz Scholz Scholz Scholz first first first first visit visit visit visit to to to to Washington Washington Washington Washington while while while while Schultz Schultz Schultz Schultz says says says says Moscow Moscow Moscow Moscow would would would would pay pay pay pay a a a a high high high high price price price price in in in in the the the the event event event event of of of of an an an an attack attack attack attack the the the the German German German German leaders leaders leaders leaders response response response response to to to to Russia's Russia's Russia's Russia's aggression aggression aggression aggression against against against against Ukraine Ukraine Ukraine Ukraine has has has has drawn drawn drawn drawn criticism criticism criticism criticism both both both both abroad abroad abroad abroad and and and and at at at at home home home home this this this this government's government's government's government's refusal refusal refusal refusal to to to to supply supply supply supply lethal lethal lethal lethal weapons weapons weapons weapons to to to to Ukraine Ukraine Ukraine Ukraine increase increase increase increase its its its its troop troop troop troop presence presence presence presence in in in in Eastern Eastern Eastern Eastern Europe Europe Europe Europe and and and and declare declare declare declare which which which which sanctions sanctions sanctions sanctions it it it it would would would would support support support support against against against against Russia Russia Russia Russia has has has has left left left left many many many many U. U. U. U. S. S. S. S. officials officials officials officials questioning questioning questioning questioning Germany's Germany's Germany's Germany's stance stance stance stance the the the the country's country's country's country's heavy heavy heavy heavy reliance reliance reliance reliance on on on on Russian Russian Russian Russian supplies supplies supplies supplies of of of of natural natural natural natural gas gas gas gas and and and and former former former former chancellor chancellor chancellor chancellor Gerhard Gerhard Gerhard Gerhard Schroeder's Schroeder's Schroeder's Schroeder's ties ties ties ties to to to to president president president president Vladimir Vladimir Vladimir Vladimir Putin Putin Putin Putin are are are are also also also also areas areas areas areas of of of of concern concern concern concern a a a a shell shell shell shell seeks seeks seeks seeks to to to to reaffirm reaffirm reaffirm reaffirm U. U. U. U. S. S. S. S. German German German German ties ties ties ties I'm I'm I'm I'm Naomi Naomi Naomi Naomi Shannon Shannon Shannon Shannon Germany Germany Germany Germany faces faces faces faces heavy heavy heavy heavy criticism criticism criticism criticism over over over over where where where where it it it it stands stands stands stands with with with with Russian Russian Russian Russian Ukraine Ukraine Ukraine Ukraine tensions tensions tensions tensions ahead ahead ahead ahead of of of of chancellor chancellor chancellor chancellor Olaf Olaf Olaf Olaf Scholz Scholz Scholz Scholz first first first first visit visit visit visit to to to to Washington Washington Washington Washington while while while while Schultz Schultz Schultz Schultz says says says says Moscow Moscow Moscow Moscow would would would would pay pay pay pay a a a a high high high high price price price price in in in in the the the the event event event event of of of of an an an an attack attack attack attack the the the the German German German German leaders leaders leaders leaders response response response response to to to to Russia's Russia's Russia's Russia's aggression aggression aggression aggression against against against against Ukraine Ukraine Ukraine Ukraine has has has has drawn drawn drawn drawn criticism criticism criticism criticism both both both both abroad abroad abroad abroad and and and and at at at at home home home home this this this this government's government's government's government's refusal refusal refusal refusal to to to to supply supply supply supply lethal lethal lethal lethal weapons weapons weapons weapons to to to to Ukraine Ukraine Ukraine Ukraine increase increase increase increase its its its its troop troop troop troop presence presence presence presence in in in in Eastern Eastern Eastern Eastern Europe Europe Europe Europe and and and and declare declare declare declare which which which which sanctions sanctions sanctions sanctions it it it it would would would would support support support support against against against against Russia Russia Russia Russia has has has has left left left left many many many many U. U. U. U. S. S. S. S. officials officials officials officials questioning questioning questioning questioning Germany's Germany's Germany's Germany's stance stance stance stance the the the the country's country's country's country's heavy heavy heavy heavy reliance reliance reliance reliance on on on on Russian Russian Russian Russian supplies supplies supplies supplies of of of of natural natural natural natural gas gas gas gas and and and and former former former former chancellor chancellor chancellor chancellor Gerhard Gerhard Gerhard Gerhard Schroeder's Schroeder's Schroeder's Schroeder's ties ties ties ties to to to to president president president president Vladimir Vladimir Vladimir Vladimir Putin Putin Putin Putin are are are are also also also also areas areas areas areas of of of of concern concern concern concern a a a a shell shell shell shell seeks seeks seeks seeks to to to to reaffirm reaffirm reaffirm reaffirm U. U. U. U. S. S. S. S. German German German German ties ties ties ties I'm I'm I'm I'm
AP News Radio
Deal to make Scholz German chancellor clears final hurdle
"Three three Ponti Ponti deal deal to to form form a a new new German German government government and and the the center center left left leader leader Olaf Olaf Scholz Scholz has has cleared cleared its its final final hurdle hurdle setting setting the the scene scene for for shields shields to to succeed succeed longtime longtime chancellor chancellor Angela Angela Merkel Merkel this this week week Germany's Germany's environmentalist environmentalist greens greens say say their their rank rank and and file file members members approved approved the the agreement agreement reached reached last last month month with with eighty eighty six six percent percent voting voting for for it it in in a a ballot ballot the the other other two two parties parties Schulz Schulz his his center center left left social social Democrats Democrats under under the the pro pro business business free free Democrats Democrats overwhelmingly overwhelmingly approved approved agreement agreement act act weekend weekend conventions conventions the the coalition coalition aims aims to to modernize modernize Europe's Europe's biggest biggest economy economy step step up up efforts efforts against against climate climate change change and and introduce introduce more more liberal liberal social social policies policies I'm I'm Charles Charles the the last last month month a a three three party party deal deal to to form form a a new new German German government government and and the the center center left left leader leader Olaf Olaf Scholz Scholz has has cleared cleared its its final final hurdle hurdle setting setting the the scene scene for for shields shields to to succeed succeed longtime longtime chancellor chancellor Angela Angela Merkel Merkel this this week week Germany's Germany's
THE NEWS with Anthony Davis
Social Democrats narrowly beat Angela Merkel's alliance in historic German election
"Social democrat. Party in germany narrowly won. Sunday's national election projected results showed and claimed a clear mandate to lead a government for the first time since two thousand five and to end sixteen years of conservative-led rule under angela. Merckel the left. Social democrats were untracked for twenty six percent of the vote ahead of twenty four and a half percent for merckel cd. Ucs you conservative bloc but both groups believed they could lead the next government with need major block. Commanding majority in both reluctance repeats their awkward grand coalition of the past. Four years. Most likely outcome is a three way. Alliance led by either the social democrats or merkel's conservatives agreeing new coalition could take months and will likely involve the smaller greens and liberal free democrats. We are ahead in all the surveys. Now the social democrats chancellor candidate olaf scholz said in a round table discussion with other candidates after the vote. The spd's rise heralds a swing left for germany and marks a remarkable comeback for the party which has recovered some ten points in support in just three months to improve on its twenty and a half percent results in the 2017. National election schultz his conservative rival on in lash. It signaled his blog was not ready yet to concede though his supporters was subdued. It hasn't always been the first place party that provided the chancellor lash told the roundtable i want to government where every partner is involved where everyone is visible not one where only the chancellor gets to shine. He said in an early attempts to woo. Smaller parties attention will now shifts to informal discussions followed by more formal coalition negotiations. Which could take months leaving. Angela merkel in charge in a cadillac rome.
Was jetzt?
"olaf scholz" Discussed on Was jetzt?
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Was jetzt?
"olaf scholz" Discussed on Was jetzt?
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Was jetzt?
"olaf scholz" Discussed on Was jetzt?
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Bloomberg Daybreak: Asia
Lufthansa and German government agree on $9.8 billion rescue package
"Germany is offering Lufthansa and nine point eight billion dollar bailout we get more from Bloomberg's mark mills the package involves an initial twenty percent government stake in Lufthansa the could rise in the event of a takeover the plan which requires European Union approval and will almost certainly be challenged by rival airline such as Ryanair give Germany an effective veto over company strategy German finance minister Olaf Scholz says the company's investment would be temporary and he stressed that the timing of the next it would depend on the pace of Lufthansa's economic
AP News Radio
German lawmakers to vote on economic aid package
"Germany's parliament is approving an enormous package drawn up by the government to cushion the economic impact of the corona virus outbreak no only because a building on a series of measures that will allow the government to offer aid totaling more than one point one trillion dollars parliament's approval is needed to loosen legal limits on running up debt the government wanting to break with six years of balanced budgets to borrow what finance minister Olaf Scholz cools a gigantic sum to finance a wide range of packages and to call the unexpected shortfall in tax revenue Schultz who is Germany's vice chancellor presented the package in place of chancellor Angela Merkel who is in quarantine what is not tested negative for the coronavirus I'm Charles de Ledesma
Bloomberg Daybreak: Europe
German Chancellor Merkel in quarantine as recession looms
"Of me wanted Germany's chancellor Angela Merkel has tightened restrictions on movement that in order to contain the spread of coronavirus predicts big again and says this comes as Merkel herself is in quarantine at home for at least two weeks more than two individuals took not to be allowed to meet up in a group restaurant and hairdressers have to be closed minutes after the announcement America currently to self at home because she was in contact with a doctor who was tested positive in Billund Bergen on Bloomberg daybreak Europe now and according to the finance minister Olaf Scholz Germany may borrow as much as three hundred fifty billion euros to help stem the economic fallout of the pandemic the ministry reportedly estimates that Germany's economy will shrink by five percent