the u. s. markets are going to reopened, like the old times, fully open their doors. the global markets will follow suit and there's others that expects over conditions next year. as the fed tapers off, it's easy monetary policy and as it continues to address rising inflation. so here's the broad answer. nobody really knows, but there's a lot to keep an eye on. you have fed tapering interest rate, hikes, coven covariance electric vehicles, inflation, energy, prices, unemployment, geo, politics, travel, tourism. and even here in new york city, we have a new mayor coming in and his policy alone can change how big businesses, small businesses and even wall street reacts. and he's also a big fan of crypto. so there's another topic to keep an eye on as well. plenty to look forward to our nostradamus, james sweeney in new york. have a happy new year. thank you very much. i be new you now to some of the other global business stories making news. president ottawa has urged tucks to keep their savings in lira and said recent exchange rank volatility was under control. the laye

even though the u. k. has now granted more licenses . french fishermen are still unhappy and continue to threaten british imports. now that brings us to another bone of contention migrants the u. s. wholly still struggling to find a way to deal with mass, illegal migration. but the brakes think francis found a solution. turning a blind eye to those who try and cross the english channel, france is failing to police. it's coastline. we could fun, doubled the number of french police, but they are not serious about intercepting migrant groups in broad daylight. it would further anger taxpayers here by throwing more good money after bad. i believe this reluctance to intervene. this refusal to get involved is a political decision president emanuel mac. ron is seeking re election next year and thinks dumping on the british will win in bots. and go, was really stoked following the deaths of almost 30 people in the english channel in november. now they had been trying to reach the u. k. she was met, france. hate ba

s. canada. and oh yes, the u. k. hotley recipe for success. but what the issues between the u. k. in france really boil down to might have more to do with the opinion the to leaders half of each other. i think it was really a political thing on the of the, the side effect sort of to, to stuff to abs fuel to the fight between france and great britain that was just an added plus each of them a min mccolan boys, johnson sees, and the other what they hate most bars, johnson is shambolic disorganized. he goes on the fly, he has a sense of humor and amendment. my call is a control freak. he, he's a bureaucratic technocrat. he is, has attention to detail and, and both of them they work in different ways and they despise the where the other functions they don't like one another. i mean it's, it's is rarely politics rally, carson, all but in this instance, each of them has got a sort of vision of how they want international relations to go and it's not the others. and then it becomes personal francais, even try to get the e, you invested in only ongoing squabbles taking a very one for all

will health experts in the u. s. a warning of what they call and on the kron blizzard. they've told americans to prepare for severe disruptions in coming weeks. the rising wave of coven 19 laid by the on the chrome variant is threatening to overwhelm hospital schools and other key infrastructure. reco numbers of children have been hospitalized and authorities are preparing to authorize booster shots for 12 to 15 year olds next week, or more on this on joint by side, oma, who's the director of the yale institute for global health in new haven. professor, thanks for talking to us and american epidemiologist as warning of a viral blizzard in the us in the coming weeks. do you say that way? yes, it's more like a flash flood that we are expecting in the sense that it is likely to have a we are likely to have a further increase in the number of cases, but hopefully based on the pattern from other countries, this um deluge will be short lived in the sense that it will not last 4 months and months. the question is whether and where it overwhelmed the health system of that is a

the u. s. never managed to put a democratic framework in place as terrorism and violent crime convulsed to rock. u . s. troops pulled out in 2011, only to return 3 years later as the so called islamic state threatened to take over . washington, lead and international coalition, and declared i. s. defeated in 2017. now, american combat troops and leaving again most to rockies, a glad to see them go and keep plaza having. of course, i want the americans out, we need to be independent. we can't have foreigners occupying our great country do then. and what the, the occupiers must leave iraq, they've honda. so i'm a shock in the u. s. withdrawal could provide iran with an opening and embolden i. s. so washington is replacing combat troops with military advisors. many believe the american presence in iraq will barely change. oh, as we approach the end of the year, let's take a look back now. at one of our more one of our more remarkable stories of 2021. it came from france where authorities published

but also warned that the u. s . and allies will continue to monitor all actions by russia and also maintained that they are ready for all steps that vladimir putin could make when it comes to ukraine plots. mr. martin talked about reinforced nato strength and said that ukraine will get extra military assistance from the lines. should the situation escalate? now it's really worth mentioning that this phone call falls proposals made by moscow for european security and stability. and one of the major points that goes making one of the things that russia really wants is at legal guarantees by the nato countries that the aligns wouldn't expand further east. that new weapons wouldn't be deployed at russia's doorstep at now. also, we do have to understand that in about 2 weeks, crunch talks on a european security will be held in geneva and we heard from both sides. the 2 leaders won't take part. however, they will be supervising the talks personally. now a little earlier we heard from the russian foreign ministry spokeswom

s. t. r official, under bush and clinton, and our very own holland cook, host of the big picture right here. and as to the news on our to america fair project, thanks for joining me. there yeah, i know i to 2 big issues that we're dealing with here, steve, you're new on a says you kind of get picked on 1st. i apologize. i'm sorry you, it's president biden doing this just for the sake of fighting human rights violations. no, it's all about show he's trying to act like he's worried about human rights violations. because as you pointed out, the human rights violations have been tearing for a long time. and even during previous administrations, he's trying to look tough because he hasn't been tough and, and this kind of pho boycott isn't going to have any real impact on improving relations with china or improving our stature in defending relations with taiwan. with the other asian nations that we're trying to do business with, it's all for show what's obviously you're talking about talking abou

it looks like the u. s. in the military. industrial complex is looking to to increase the conflict in ukraine. nato is already expanded into many countries. there are numerous countries on the, on a, on the border that, that were part of the soviet union. and there are no part of nato. so, given the proximity of ukraine to, to russia, given the proximity to moscow, only 460 miles that the russian demands. the red lines are completely understandable. from nato's tense relationship with russia to finding solutions to the coven pandemic, we've been speaking with the hungarian foreign minister early today to get the you perspective on some of the main events that shaped the past year. for our central europeans. it's extremely important that east and west that the united states and the russian federation have a direct and continuous dialogue. we are very happy with the fact that the 2 presidents spoke again for nato. and there i shall talk to each other and then there's a much bigger and better hope for any kind

thanks for having me on while staying in the u. s. and health experts are warning of what they call an army crohn blizzard. if told americans to prepare for severe disruptions in the coming weeks, the rising wave of coven 19 laid by the on the crown variant is threatening to overwhelm hospitals, their schools, and other key infrastructure. reco numbers of children have been hospitalized. and authorities are preparing to authorize booster shots for 12 to 15 year olds next week. when we talk to the side, oh my, he's the director of the yale institute for global health and asked him about possible solutions to stop covered runing. another year we have tools at our disposal around the world. we have highly effective vaccines, especially against severe disease. we have a pretty substantial supply of high quality mass. we have understood more about the modes of transmission of the wires, and we know that good ventilation and good filtration helps. so it is the deployment of those tools that will in for a sustainable control of this virus in

and so now you have this in the u. s. and then now we're dealing with europe with companies like volkswagen continent tal siemens. all of them have recently come out with state. they've come out with statements saying that it's not about the supply chain. they're, they're trying to sort of keep out of the issue. so it's, it's, it's clearly going to be a major factor for european companies. so pressure from european companies and u. s. companies, it's china starting to look else where it's focused on trade. well, a lot of this, i think china is still really wants the technology that european companies can offer, particularly on the, on the industry side. on, on the u. s. side is much more of the tech side, you know, there's another, there's another debate we could have about how you're being companies. i haven't just are not at the races when it comes to tech. but and yeah, i think, i think there they still need this tech so, and they also, but nothing we should keep in mind is that they have rules as well. that companies

the u. s. president joe biden, and his russian counterpart vladimir putin had discussed russia's troop, build up near the ukrainian border. biden demanded at d escalation and threatened russia with new sanctions, but putin worn such measures would cause a complete disruptor of ties. despite their differences, both sides agree that progress was made only call people in south africa or streaming into cape towns cathedral for a 2nd day to pay their respects to. archbishop desmond tutu anglican clerics carried his coffin into saint george's cathedral, where the former nobel peace laurie at once railed against apartheid to 2 died last sunday. at the age of 90 and some and uplifting news on the pandemic from south africa. government officials say it's possible that the country it may be passed the peak of the army kron variant which was 1st attacked their last month. it was feared sick patients would overwhelm the health care system. but that didn't happen instead, hospitalization, rates decreased

it just doesn't get any media play here in the u. s. well, it does a little bit on this station, you know, everybody needs a villain. and right now it's gone from russia to china, but they're still that the limitation of russia were china is actually the one that could be the real threat to this country. when you look at the goods that are coming out of china right now, and you talk about sports on that, you still have the sponsorships of nike. you still have all of this. why is the president decided to go after the olympic sports when every day different sports or play that have ties to china? and he's been mom on the, you know, it's so interesting because i, you know, i was a former and be a dancer, a lot like dropping right there. yeah. you know, it's one of the things you think of the n b a with, with, you know, everything that was going on there. you had john scene where they had a movie come out and he accidentally referred to taiwan and has to make this whole apology video. so it is kind of interesting that they're going to reall

so that's how things are playing up, particularly of a shin jang, between the u. s. and china. but what about europe? and china, well, it's interesting, rob, i mean, a lot of things seem to be coming together right now. i mean, a lot of different factors that have been going on actually for years. i mean, we've known about a lot of these issues for a long time, and these companies have known about these issues for a long time. and when you think about how it works with the factory or with it, with a company like say, intel, you know, they've got 6, maybe 6 more. who knows how many levels of supply chain going on am. and clearly they have made preparations for the fact that this, this legislation is coming, coming in. and so now you have this in the us and then now we're dealing with europe with companies like volkswagen continent tal siemens. all of them have recently come out with state, they've come out with statements saying that it's not about the supply chain. they're, they're trying to sort of keep out of the issue. so it's, it's, it's clearly going to be a major factor f

at the age of 90 tens of thousands of residents in the u. s. state of colorado. have been forced to evacuate due to quickly spreading wildfires. the flames swept through residential areas near the city of denver, burning hundreds of homes, a cos shopping complex, and the hotel authorities say these are the worst fires. the state has ever seen. ah, fake smite fills, the air outside as the fire approaches. at this diner in superior town, just outside denver, colorado panicked families tried to get out with strong winds of finding the fire with a woman dine as rushed to that cause, hoping to out race the fast moving blaze. gusts of a 100110 miles an hour can and have moved this fire down a football field in a matter of seconds. very little time to get out very little time to even get the most important parts of your life. and yes, it will be a difficult process for colorado families who are due for direct affected to rebuild their lives. before the fire consumed nearly 600 homes, tens of thousands of residents in 2 towns near denver were evacuated. officials believe

s. is now implementing on the region and that is the pressing, the week of minority here. germany also will have to deliver some answers. all our folks will have to deliver some more creek concrete on those that go beyond this new year's address and you will have to do that very soon. mckayla, thank you very much, chief political editor, mckayla covenant. and you can watch the new year's address by the german chancellor in its entirety at 7 pm central european time here on the w fair. let's get you up to speed on some other stories making headlines, rail the world today, the american president, joe biden, and his russian counterpart vladimir putin had discussed russia's troop build up near the ukrainian border. biden demanded a de escalation and threatened russia with new sanctions. but putin worn such measures would cause a complete rupture of time. despite their differences, both sides agreed that progress was made on the call. russian authority, so designated a member of the russian p

it looks like the u. s. in the military. industrial complex is looking to to increase the conflict in ukraine. nato is already expanded into many countries. there are numerous countries on the, on a, on the border that, that were part of the soviet union. and there are no part of nato. so, given the proximity of ukraine to, to russia, given the proximity to moscow, only 460 miles of the russian demands. the red lines are completely understandable until biden's wrapping up his 1st year in office, which has been a tough one here than that. and perhaps not, everything's gone so smoothly, at least when the cameras were rolling. ah mm. with no, no, no way to me. i'm asking you a question that i said, is that accurate the best you know? ah, with that fell down. thank you very much. i don't present harrison. i took a virtual tour vaccination center in arizona los angeles. and when my daughter, the long bit long reach, thank you. when are going to right yet another chapter in the beautiful story of the friendship be

that's one of the demands that russia has issued in recent weeks to the u . s. a. just a reminder that russia is, of course, also pushing against nato expansion towards the east. they don't want ukraine in particular to join nato. futon has made it clear that that is really a red line for russia. that's about spheres of influence, of course, but also about security and is by and really did give that guarantee to put in yesterday. then that would be some movement. then we would be seeing some movement on those talks. you know, just a quick last question. if i made, there would be more talks in january with russia, but also with nato and the o. s. e. so a whole bunch of countries around the table of involving russia. well, having more parties involved somehow make a solution easier. i think it's very important. i mean, russia has issued these demands to the u. s. directly, but i think even put in nose when it comes to nato, you have to talk with all the nato countries. and of course, these talks with the o. s. c, e are important because they bring ukraine to the tabl

u and u. s. are at handling a possible pandemic exit. it's kind of like a boxing match because in one corner you've got the you christine, regard, emphasizing that the pandemic is what the, pressing the resume threatening growth. and that in order to ensure recovery and exit the e. c. b name needs to maintain both flexibility and as well as optionality, while making this a step by step process and that one massive full exit. well in the other corner you have in the red, white, and blue trunks. the federal reserve, jerome power, leading the charge being definitive, saying the u. s. will end all of its bond buying by march, accelerate. the time table for interest rate increases. inflation may be at a 31 year high, but the us is heading towards strong growth and full employment. and now who's with me? it's so different in terms of their approach total opposites. and the truth is what these different approaches are doing. they're setting the stage for a very choppy 2022 with the fed determine the end as the purchase of dispensed as possible

it looks like the u. s. in the military. industrial complex is looking to to increase the conflict in ukraine. nato is already expanded into many countries. there are numerous countries on the, on a, on the border that, that were part of the soviet union and that are no part of nato. so, given the proximity of ukraine to, to russia, given the proximity to moscow, only 460 miles of the russian demands. the red lines are completely understandable. also spoken at length to an advisor on soviet affairs to former us president ronald reagan. in the finally days of the cold war, susan massey says that the only way forward for russia in the us would be a constructive relationship. his, some of the full interview that we're showing today here on our tea. it is more important in my view, important than ever that switch that you are, the united states and russia develop a constructive relationship. because i think if we can do that and i'm hoping we can, it would be better for the whole world. my goal is always to try

a state of emergency has been declared for boulder county data from the u. s drought monitor list this area as currently experiencing severe drought, creating tinderbox conditions which allow fires like this to explode. ian oliver fox weather governor newsom issued an emergency proclamation today for a number of counties impacted by recent winter storms in the sierra pg and e says as many as 60,000 people are still without power tonight, and some may not have their power restored until january 10th because of road closures and in southern california, the grapevine was temporarily closed today because of snow and ice. also 50 people were rescued from flooding at leo carrillo state park in malibu. the water was so high in some places, the cars and rvs were partially submerged . the first sierra snow survey of the season shows a strong start. water managers took a manual reading off of highway 50 near echo summit today and found 78 inches of snow. with the water content of 20 inches. that's 202% of average, thanks to the series of strong storms to hit the sierr

when ask about this new law in the u. s. this is seen as one of the toughest laws on the books of facing some large companies that are doing business there, including apple, including many textile manufacturers. how tough can this be? will this be, how do you look at it? i think it's a tremendously daunting from the company's perspective. they are being asked, the owners of proof is on them to show that their supply chains in no way are benefiting or relying rather on forced labor and change on. and you have to keep in mind that they already, sometimes, you know, it's not always easy for them to get to the bottom of, of where their products are being sourced. they tend to focus on their top tier suppliers. they don't want to get in trouble because a 1st or 2nd tier supplier isn't doing something that the us government might see is objectionable. but in this case, we have multiple tiers of suppliers. you know, 23456 level suppliers. and if any of those are relying on force labor in china and particularly in change on those co

first, a u. s. russian bilateral discussion in john, january 10, anita russia discussion on january 12 and then the conversation of the organization and security corporation, europe, which would bring in everybody. so that seems to be the main use out of this i. so the question still remains are, at the end of the day, the russians put forward some very ambitious proposals. many elements of which are non starters. are they prepared to let that go off to the side and then negotiate on some of the issues that are much more realistic? and we don't yet know the answer to that. just can you remind us of those a non starter proposals from the russian side? sure, i mean, in both in the draft nato russia agreement and the draft u. s. russia. treaty, russia basically once needed to say, we will no longer enlarge. and the concern on the russian part here is about enlargement to include ukraine. now, there's no enthusiasm within nato. now to put ukraine on a fast track from membership, but nato, i believe,

the u. s is prepared to respond with severe sanctions. and other measures. if russia should invade. i made it very clear, different fact. he invades ukraine will be severe consequences. severe consequences yet since that call, there have been no signs of de escalation on the ukrainian border. we have to support the sovereignty of ukraine. meanwhile russia is demanding guarantees. nato will never offer membership to ukraine or place forces or weapons in former soviet states. ukraine doesn't even have a seat at the table in russia's demanding that we guarantee that they never joined nato. the topic of ukraine is expected to be raised again next month in geneva, when u. s and russian officials meet face to face in washington. david spent ktvu fox two news in colorado, a truck drivers prison sentence has been drastically reduced from 110 years to 10 years. colorado's governor made that decision today after widespread outrage over the original sentence. 26 year old will gell gilera. medeiros was sentenced earlier this month over 2019 crash that killed four people. police say he was drivi

and u. s. chip maker intel issued an apology last week after informing suppliers in china. that would not do business and chin john. the announcement has had caused an uproar across the country. and meanwhile, the upcoming winter olympics in beijing is putting further pressure on businesses. but from another angle. western human rights groups criticize u. s. companies sponsoring the events, including air b and b, coca cola and general electric i from wellness. i'm john by dexter roberts. he's a journalist and senior fellow with the atlanta council. he's author of the miss the myth of a chinese capitalism. dexter is good to have you on the show. let's start with since time this debut plan for us capital markets, like many companies wanting to go to the biggest capital market in the world, ending up in hong kong because the span should we expect to see more companies, more chinese companies. choosing this route, whether out of the, whether being forced from one side or the other. yeah, absolutely. we're going to see a lot more. we already saw your recall earlier in the month.

the program russian president vladimir putin and his u. s. counterpart. joe biden spoke on thursday as tensions have been steadily rising over russia's troop build up near the ukrainian border in the 50 minute call by demanded a de escalation and threatened russia with new sanctions. putin warned that such a move would lead to a complete rupture of ties between the 2 countries. despite theories of irreconcilable differences, both sides agreed that there were grounds for meaningful progress. it's the 2nd time this month. the 2 leaders have spoken and more talks with senior us and russian officials are set for january. for more, let's bring in james, curt shake. he's a visiting fellow with a brookings institute, specialize on european politics and u. s. foreign policy strategy. mister cur. take these were the 2nd talks this month between president biden and fulton. what results do you expect? i think they'll be more still made because i don't see the united states backing down. i said, united states and its allies does this really should not be a conversati

s. in reality, not just in talk, does china really want to work with united states? helen? well, it all comes down to the doe, re me, you know, that's what's going to settle. so it's all about the money. in the meantime, everybody's going to be watching the opening ceremony. everybody's going to be watching the closing ceremony. we pick our favorite sports. so this may not be as big a deal to the consumer as it is to the paul's and saying that you did that. what my biggest share at all this is, this is saying, look, i took action like everything else. i've seen the passwords. i did stand up to them, but it was like only a name only. there was no action to back it up. but unless he continues to put something on it, once again, you point out other countries are starting to join in. but that's also what scares the, are they sheep, are they doing this? just a pandered abide and or do they legitimately care about china? and if they did, why did they do it beforehand on their own? probably more of the former than the latter. but again, the big see the cove, it, you know, a lot of