there was to, we've seen natural gas prices in europe, go through the roof only in europe. so that's not been the case as much in north america with asia, the gas price, very much, much all new to that. that to do was sort of the local to mon supply in europe. nothing that will work itself out. a tick is more street to the pipeline comes on line. that should work itself out eventually. but yeah, we're seeing basically power conscious shortage is all in this place. i think we're, we seeing is sort of all this call to say to be using that we've seen pumped in the market leading to much, much higher price is right across the board for everything. and people just starting to adjust to that and they're not willing yet to pay that much higher prices for the info. so trying to hold back, i said, i'm not willing to pay 20 percent more 30 percent more of stuff. i used to get much cheaper in the part of that's going to have to change. you're gonna have to buy the bullet basically in the accept the inflation is just gonna be part of the landscape of time to come. yeah, really does in

but does europe have the political will to actually defend itself? a gas prices in europe hit a new record with the german government and warning people to prepare for a close to freezing month. meanwhile, that countries energy regulator is yet to grant an operating license to the now fully completed nor to stream to gas pipeline. white house d classifies a report revealing its suspected for years that the mystery surrounding those sounds supposedly attacking us government staff abroad were not unknown. russia weapons but rather chirping crickets. and tolling accuse of the e. u. of blackmail for threatening to withhold cache from regions that don't recognize l g b t, right? we'd get some reaction on that.

and with europe heading into winter expect natural gas prices to get even higher. now the question on everyone's mind is, will the astronomic energy prices carry over to the u. s. and the answer to that portion will alternately to and on what winter weather brings. but the good news is that the u. s. is the world's largest natural gas producer, and inventory levels are not as depleted as they are in europe. but that's not to say that us prices won't be volatile. just take a look at the current oil prices, which has made gasoline prices, sky rocket, and with old pagan, not increasing supply. don't expect gas prices to come down any time soon. brand rachel argy corresponded. sire savage, thank you so much for following the story. tell us, take a further look at those oil prices, which stayed at 7 year highs on monday with west texas intermediate surpassing $81.00 a barrel. it's the latest in the series of skyrocketing energy prices that are now causing concern about how they can impact the state of the global economic recovery . so joining is not a co host, christy i

i mean, when we're talking about central banks, whether it be the federal reserve or over in europe, is there anything they can really do at this point to stop sort of the storm that is really been building over the last year? well, i think they also pointing the finger at a supply chain disruption, but i think it's more cover, more than anything else for that monetary policy. and i think it was, we see this passion, the central banks as inflation starts to take off. they 1st tell you it's transitory. don't worry, it's going to go away soon. it's going to be here for a few weeks, a few months, and then we'll get back to normal and be fine. then they start say, was sort of multi core so that all sorts of different factors involved to be complicated, to understand that trust us. and then finally the government sort of step in said ok. now we need price controls and export controls. and then they really wreck the car, and i feel that we're on that for the past. so i think the supply chain disruption we're seeing are just the result of monetary policy and the kind of pumping money into i

then there is a europe that's battling a record breaking surgeon energy prices. now for europe and mix of market geographic and political factors have formed into a perfect storm that shows no signs of slowing down. and it all started with e use promise of cutting down on his long time dependency on fossil fuels. but natural gas and coal still supply more than 35 percent, or they use total energy production. and while cool is being a phased dad, europe is currently relying on natural gas as a transitional resource, y, cleaner alternatives. there being rolled out, which in turn has made the price of natural gas also skyrocket at a price hike of more than 360 percent in less than a one year. now to give our viewers a better picture of the price spike in natural gas, it's actual equivalent as if the price of crude oil were trading at about $200.00 per barrel. and with europe heading into winter expect natural gas prices to get even higher. now the question on everyone's mind is, will the astronomic energy prices carry over to the u. s? and the answer to that portion

europe. we will gladly misses every month because limits of them will issue to 30 tariffs are increasing grain. you take ukraine, the same nuclear garage and use the problem was solution and use you. i think that they will pay about $200.00 per 1000 cubic meters, while their average income per capita is $230.00. it was because get the cookies who consumers.

conference on wednesday, he noted that russia has always fulfilled his obligations to europe, even at the height of the cold war. russia, as deputy foreign minister also said in an interview that moscow wants to work with europe to achieve energy security. and he revealed that gas problem has already started using supplies from its own reserve and in that time to help stabilize the market. morgan stanley has upgraded china's property sector too attractive, which is surprising, considering how worried investors are, as they are closely watching, to see what happens with ever grant. the world's most indebted company because it might still default. and if it does, whether or not there will be contagion u. s. investment banks, that it believes that policy easing of the property sector looks likely to kick in, which will support chinese real estate stocks that spring and boom, us co host, christie. i enjoyed both my and her business school to discuss this with us and to sniff out what is true and not true didn't go out to start with you. home cells in china, they are weighed down. that's n

maybe you think of the european union, think what you wish, but europe is in crisis. it must choose between being an ideological construct or a place with real people. and real me a police in norway, you say the po and around page that code 5 and cons, bud appears to be a tower. sometimes i think that the suspect had converted to islam and was previously flagged over signs of declines. zation also had a at least 6 people reported killed and dozens wounded in beirut. of the gunman opened fire as a protest over the investigation into lost his deadly port explosion. dom do they do damned if they don't? australian police bear the brunt of public anger and government tactics to watch of anti lockdown activities.

ah, welcome back in the face of an ongoing energy crunch that is taking its toll on europe and asia. russia is again denying allegations that it is using energy as a weapon. a group of the law makers has gone as far as to call for an investigation into the russian energy giant gas prop. as they allege that moscow is behind the skyrocketing natural gas prices, in an effort to push for the certification of the north stream to pipeline. however, russian president putin argued that europe is not paying attention to reality during an energy conference on wednesday, he noted that russia has always fulfilled his obligations to europe, even at the height of the cold war. russia, as deputy foreign minister also said in an interview that moscow wants to work with europe to achieve energy security. and he revealed that guy's prompt has already started using supplies from its own reserve, in an attempt to help stabilize the market. morgan stanley has upgraded china's property sector to attractive, which is surprising, considering how worried investors are, as they are closely watching, to see wh

maybe you think of the european union think what you wish, but europe is in crisis. it must choose between being in the ideological construct or a place with real people and real needs a a british m p is stub to death while meeting his constituents. the mom has been arrested in connection with the killing in southeast england. also ad on the program. today, a u. s. marine officer pleads guilty to criticizing the military leadership for the chaotic afghan withdrawal. he had demanded. senior leaders take accountability and that's as a bluff outs, a mosque enough. galveston kills at least 37 this friday, injuring scores more. it is the latest in a spate of terror attack since the us exit poorly for.

now let's go over to ben for europe and the america here in europe. overall, it was a positive weak. most of the european exchange, a saw a bump, especially on thursday, getting a boost after senate majority leader. mitch mcconnell offered a way to temporarily get past a looming deadline for the u. s. debt ceiling to be raised. as a result, positive news for the foot see which had a very good week. the london exchange is experiencing a boost from corporate buyback programs. it was the same story for the german dax and for the french cat, which also saw big games thursday into friday. moving over to south america where brazil's evil vessel is also up for the week, thanks to a strong performance by brazil real. the nation's currency rose on thursday as data showed service sector activity grew more than they expected, headed over to north america now and just like the european stocks north american stocks were up as well, mexico's b and v, the u. s. s. and p. dow and nasdaq, they were all up with a jump on thursday and then carrying through on friday on

i think that's what you're going to see across europe and across across the u. k. well, natalie is make it easier because you will have less transit time was. you'll also be a little bit more easily communicating your issues for sure. and that's how the local businesses, they go to localisation. and now we've often talked to you obviously about the prospects that economy in the u. k. and it seems like when you look at this and her kind of rain, the alarm about globalization isn't the kind of what got us into breakfast in the 1st place. they were saying we want more autonomy in our trade in our economy. i actually find it somewhat hybrid, the, all the global as to now land, boston and globalization. because yes, there are many issues with many issues that make it not work. so with regard to the u. k, of course, yes, the more trade deals that the u. k. dog out of the autonomy that they now have, the more they're doing the opposite of what just said, they're not putting all the eggs in one basket that diversifying that going across the globe. the e. u isn't doing the

if you wait to get your heating bills, this urine and see the heating bills in europe and, you know, russia is weapon, housing, you know, in so to speak, be the natural gas market because we're the only producer right now. and i was going to talk about these rising prices we're seeing throughout the world as part of this because we've seen record high after record high for the stock market this year. and we know it has to come down at some point. i know what when we've had you on the show before we've talked obviously about correction. could these rising energy price is actually her equities moving forward? not yet. you know, one of the biggest problems you have here is the federal reserve. they're absolutely clueless and have no car idea how to get out of a mess that they've created. so the continued of flux in the money supply. you bring in more money, there's only one place to go. where were somebody going to invest, to get any return or any yield? you know, this is the problem with the central banking system or on the globe that continues to reduce the value of their own currenci

businesses are also concerned that supply chain issues could take a toll on europe. the economy moving into the highly lucrative holiday season. joining us now discuss is hillary orbit. she's board member with the british american business association and president of straw mark business development consultants. hillary. i want to start with the concerns being brought board by with guard here. how has the globalization of the you trade made it more susceptible to supply chain was well, pleasure to be back with the brand. and of course, a lot of this is to do with all the trade that the you dealt with china about 22.4 percent of all goods going into the you come from china. so when you have a global supply chain like that, with a pandemic, it's obviously going to have intense glitches. one of the things that's happened, of course, is that if there's even so much as one worker in a chinese factory or in the chinese port that is testing positive cove, it the entire factory of the entire port to shut down. that has caused immense amounts of, not just glitches, but all yo

the news is the ne complain the media media government to play across in europe, gas prices hit a new record that the german government. they're wanting people to prepare for a chilly month ahead. that is the country's energy regulated though we still get to grants a license for brushes, nordstrom to gas pi.

the media with the while europe's gas prices had a new hi. with the german government wanting people to prepare for a chilly month ahead of the same time as the countries energy regulators still yet to grant a license for rushes node stream to gas pipeline.

though many also question the government the news is the need, like the media with a gas prices in europe, hit a new hi with the german government warning people to prepare for chile month ahead and countries. any key regulator is still yet to grant a license for rushes, nor string to gas pipeline. and the paramount challenge shaken by offices at spoken criticism and the hasty.

the government to the news is the new complaint, the media media, government me while gas prices in europe hit a new hi with the german government warning people to prepare for a chilly month ahead. they say at the same time as the countries tell you, regulator is still yet to ground, to license for rushes, node stream to new gas.

so the real income of workers in europe is rising. that's a testimony to a lot of things, but it includes the much stronger position of their labor movement, which is able to make things happen there that we don't have here. and i think that americans are learning that they're looking fondly and enviously, and they're going to be moving in the logical direction to get closer to that. now we're speaking of the timing here. i mean, we've obviously been talking about huge supply chain constraints recently as all of this goes on and we look at strikes that, i mean, john deere, catalogs named best go just to name if you could, these cause further issues, they actually get employers to listen more so than they would have in the past. yes, but i think what we have to look at is, is to be a little careful here. and a little economics, basic economics prices rise. when the people who set prices choose to raise them, those people are called employers, employees on set prices, employers do. and when employers raise prices as they are doing now a

now let's go over to rachel for more from europe and the america's threat. here we start in the u. k, where the foot the is down. this is by to rally on friday after the latest data showed unexpected growth. the purchasing managers in next rose to 56.8, marking its highest points was back in may, thanks to gains in the services sector. however, the bank of england is now worrying that inflation can hit 5 percent early next year. now nearby the german dax and the french tac are both in the green, but europe's 2 largest economies are feeling the pressure of the ongoing global supply chain shortages and both businesses and manufacturing have taken a hit as a result and back producer price inflation in germany has not only reached double digits, it has now hit record highs. the pressure is on for the european central bank and its upcoming meaning to see how officials will respond now across the atlantic in brazil, the bo vesper is down. it has been quite the weak in the nation as the central bank has expanded currency swap auctions in an effort to save the reality. but both the currenc

for aluminum alloy use in cars, plains and electronics, and roughly 95 percent of the meg needs in europe consume. german chancellor angle and merkle brought up the issue on thursday during a summit of you leaders, according to sources familiar with the matter quoted by several outlets. meanwhile, a dozen business groups worn late last week of an imminent risk of europe wide production shut down. as they only have enough of the metal to last through the end of november, chinese producers of course have cut output to save power and energy prices have skyrocketed due to the crunch. we've talked so much about in recent months. so what does this mean for the already strain global supply chain of just let's bring in boom bus co hosted investigative journalists, ben swan, and john quotes the dean of the miami, herbert business school. thank you both for being here. d quotes. i want to start with you how big of an issue is this magnesium issue and what impact could it have on the recovery in the us actually in the blocks largest economy in germany, which is so manufacturing, industrial rely. yes

it done, a trim military takeover reduces the country to pay off fueling disputes, europe, gas prices seize more rates and merge within the u both ahead of and during an emergency. and you may think about how to prevent future print shop with headlines up next.

meanwhile, a dozen business groups worn late last week of an imminent risk of europe wide production shut down, as they only have enough of the metal to last through the end of november. chinese producers of course have cut output to save power and energy prices have skyrocketed due to the crunch. we've talked so much about in recent months. so what does this mean for the already strain global supply chain of the just let's bring in boom bus co hosted investigative journalists, ben swan. and john watched the dean of the miami herbert business school. thank you both for being here. d. quotes. i want to start with you how big of an issue is this magnesium issue and what impact could it have on the recovery in the u. s. actually in the block largest academy in germany, which is so manufacturing, industrial rely. yes, thank you. it's symptomatic of a very substantial issue. i would say that we are now in a global supply chain pandemic that has every risk of being as severe an impact on the global economy as the coven pandemic. the fact of the matter is supply chains off in a great state

there's been a lot of pressure this past year for energy to go greener in europe and even in china and india and china and india have had to back off of shutting down coal fired plants, simply because they're worried about energy shortages and potential lack of heat for millions of people during the coming winter season, so those cold fire plan, so now back on stream that should help in the short run. alleviate some of the supply shortages coming out of china plants. excellent insight, boom bus, spend swan and dean john, quote, my year business school. thank you so much. thank you. and if you've followed any news coverage in the last year, you've likely heard the term inflation more times than you can count. probably said it a couple times the last time, but in the united states and for that matter, the entire world headed for hyper inflation. well, that may be the case if you ask twitter in square. theo jack dorsey, just the twitter over the weekend to warn quote, hyperinflation is going to change everything, and that it is already happening. he then responded to another user to say,

also that due to comp 26, there's been a lot of pressure this past year for energy to go greener in europe and even in china and india and china and india of had to back off of shutting down coal fired plants, simply because they're worried about now it's back on stream that should help in the short run. alleviate some of the supply shortages coming out of china plants. excellent insight, boom by spend swan and dean john called to my me or business school. thank you. so much thank you. and if you've followed any news coverage in the last year, you've likely heard the term inflation more times than you can count. probably started a couple times in the last time, but in the united states and for the other investors and economists has just kind of called it inflation. but dorsey isn't just any investor. he's also the see of twitter and square. so he has a different perspective and a different timeline. he don't become the ceo of a revolutionary social media company and of this rapid fin tech company by following the heard. so he has a different mindset for thinking mindset of how the landscap