guy: one cannot diverge europe from the other. in the short-term europe faces a number of different challenges. france still relies and imports a lot of russian gas. france and germany imports even more. what is that leave europe and european security? france has made a huge bet on nuclear, tumor and he walked away from that -- germany walked away from that there is a patchwork in terms of energy need and demand. particularity if you are putting a green light over that parent europe relies on russia. tough place to be. alix: takes the reins? macron is trying to do that to some extent but elections are coming up that will prove difficult. germany working on their government with merkel stepping back. who is going to be that person to unite and lead? can macron and schultz do that together? what if he does not win? there are political relays that are going to make things more complicated to get something cohesive done. guy: there is a name you are missing which is mario draghi out of italy. he is not elected. does that change the na

the same level at the heart of europe. so yes, it is a very tough entry for most of the rest of the world. alix: guy always says this to me. you guys are fine. you are going to be energy independent. but we are not actually producing it. so why do you think that price signal is so broken? ed: it is partly broken. it is not fully broken. it is the discipline of the publicly traded companies, the privately owned companies are really ramping up their drilling activity, and i don't know what the production number was from the eiea today. we are getting the return of everything shut down from hurricane ida, and we are well above the low point. so i think we are about to see a year ahead which is going to look more like 2019 than 2020 or 2021. we are going to see an order of magnitude of u.s. production growth if you include ngl's, along with crude oil. so i think the drilling has kept up enough that it is going to continue to increase, and we will soon see the public companies adding to what we have already seen from the privat

announcer: the countdown is on in europe. this is "bloomberg markets: european close" with guy johnson and alix steel. guy: monday the 11th, 30 minutes to the close. what do you need to know out of your? traders betting the bank of england will hike by the end of the year. over the weekend, highlighting their concerns over inflation. we will be joined by the ceo to talk about the partnership and returns scaled down. it falls out o

looks a much better place than europe does. europe is going to rely, it looks like come on vladimir putin. the u.s. doesn't have to make that decision. alix: no, but look what happened in texas in february with the deep freeze. we had natural gas, we had wind, and look at what happened? we are still feeling the repercussions are that. so we are not totally immune either. guy: texas feels like an idiosyncratic story. texas is a big place, but nevertheless, it is isolated. alix: but look at california. they have a lot of alternative energy, but i still have to import natural gas because of their environmental standards. yes, it is idiosyncratic, but it is going to be messy. the energy transition is going to be messy and expensive. we are definitely learning that. guy: absolutely. and if you are interested in a 40 foot container box coming out of shanghai to los angeles, $12,172 is the amount. alix: we are burgeoning like diane i didn't how are you look at these indicators before this all went down. coming up, dream big. that's th

francine: perhaps --erik: perhaps europe moment has indeed -- europe's moment has indeed come. thank you for joining me. that is anne dias, ceo of aragon global management. i'm erik schatzker. this is bloomberg. ♪ john: it is time for the bloomberg business. i'm john hyland. pent-up demand for the first u.s. bitcoin exchange traded fund has driven assets in the investment vehicle to more than $1.1 billion in just two days. the proshares bitcoin strategy etf ended wednesday with $1.1 billion under management, according to a press release. data shows that it the quickest and etf has reached the $1 billion mark. oil dropped amid a broad-based intrigue -- broad-based retreat in global commodities. the structure of the u.s. crude market was soaring as stock aisles continue to drain at the hub in cushing, oklahoma. there had been talk of global oil hitting $100 a barrel. that is the bloomberg business flash. alix: thanks so much. and speaking of commodities, today is "commodities edge" day. we will talk about the oil market. so, i will talk to mark mcguire about the company's new d

that we've seen in asia and europe? you are a huge supplier of natural gas. can you give us insight? pierre: supply and demand can get out of sync. we saw demand decline rapidly last year and increase rapidly this year for natural gas and products and supply cannot adjust as quickly as demand. the markets are rebalancing and we expect they will rebalance over time. we have a great natural gas business in the u.s., australia, and africa and we are well-positioned. we expect the markets to rebalance over time. alix: i'm sure that you knew this question was coming. you have shale wanting to break up the company, the legacy oil and gas business versus lng and the renewable energy business. chevron and axion are going different ways than the shells are in the energy transition. what do you think about calling for the breakup of big oil? pierre: we are in a different place than everyone else in the sector in terms of our track record, returning cash to shareholders, proven capital discipline, the balance sheet and strategy that is clear and consistent on delivering

the countdown is on in europe. this is "bloomberg markets: european close" with guy johnson and alix steel. guy: monday the fourth. 30 minutes to the european close. what you need to know out of europe -- markets are down. let's talk politics. the u.k. chancellor says his government will not pursue reckless borrowing, but with the economy hit hard by shortages, is growth already starting? we will be live. the energy crisis dominating the energy financer -- energy ministers meeting. and also a warning that the airline industry will lose up to $200 million, wiping out nearly a decade's worth of profits. let's talk equities. gathering

>> the countdown is on in europe. this is "bloomberg markets: european close" with guy johnson and alix steel. ♪ guy: friday the first, 30 minutes until the close. eurozone inflation hitting a 13 year high with industry warning supply chain problems last well into next year. european gas prices hit a record 100 euros of megawatt hours. russian gas flow into germany apparently down nearly 80%. french utilities and energy surge as paris takes action to shield consumers from this energy price hike. that feels like -- let's take a look at what this means for markets. equities on day one of the new corner, the new month down. we are down around .5%.

for europe. the real mover here is btp's and bunds. it is inverted, the 20-30. why? i have no idea. is it technical? is something going on with the 20 year? or is this portending something not so great within the economy? so keep your eye on that, francine. francine: we are also getting a little bit of data at this time of day because you can see at have an impact on lot of the yields. it goes back to inflation, the strength of the u.s. economy. because it is september, it is a little bit backward looking. however, they spawned 72 point sent -- 7.2% compared to the previous year. it is a little bit backward looking. we did see a bit of weakness for the month of august and september. u.s. mortgage rates also jumping to 3.1%. i know we will have a full breakdown with michael mckee. alix: this is usually when i say something like, yeah, i got my 30 year at 2.75%, and guy would make fun of me. we want to focus on d.c. president biden currently on capitol hill, speaking to house democrats, poised to a

this is bloomberg. ♪ ♪ >> the countdown is on in europe. this is "bloomberg markets: european close," with guy johnson and alix steel. ♪ guy: friday the eighth, 30 minutes of the close. european stocks just drifting as u.s. job growth disappoints for a second month in a row. the euro tracking a little bit higher, still around or below 1.16 against the dollar. ireland abandoning its 12.5% corporate tax rate, removing a major hurdle to an oecd deal that could deliver a minimum tax rate of 15% for global multinationals. we will talk about that in a moment. the eu is set to explore joint gas purchases and storage as weather forecasters worn that temperatures and wind speeds are set to drop in the near future. exports continue to china despite a major fire at a processing

this is bloomberg. ♪ >> the countdown is on in europe. this is bloomberg markets: european close with guy johnson and alix steel. ♪ guy: friday the 22nd. bank of england's new chief economist warns that inflation could reach 5%. germany's case count climbs sharply. it today was the largest one-day jump in months. russia's surprise 75 base point height, sending the ruble higher. on the day though the stoxx 600 is up by 6/10 of 1%. we are watching what is happening in russia, an indication of

covid concerns grows as europe sees rising cases of the delta plus variant. the story today is in the energy market.

>> the countdown is on in europe. this is "bloomberg markets: european close," with guy johnson and alix steel. ♪ guy: tuesday the 12th, 30 minutes of the close. -- 30 minutes to the close. the eu debut green bond issuance producing record demand. 135 billion euros worth of orders. will rising energy prices knock the sustainability target off course? we will talk about that throughout this hour. u.k. brexit minister lord frost has been speaking within the last few minutes, indicating that he things do northern ireland protocol is broken. he thinks that we now need --

vladimir putin says russia is ready to supply as much natural gas as europe needs. speaking at an energy forum in moscow, the russian leader said it was very important to stabilize the market. europe faces a gas crisis ahead of the winter due to a surge in prices and a drop in reserves. the european union will offer a fresh round of concessions to the u.k. over northern ireland in the newest brexit negotiations. the eu will propose cutting as much as 50% of the customs checks northern ireland and up to 80% of the sanitary checks on food imports. northern ireland protocol keeps it in the single market, unlike the rest of the u.k. 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 laura wright. this is bloomberg. alix: thanks so much. markets digesting earnings, plus inflation. what is already priced in is the question. joining us is sarah ponczek, ubs private wealth management financial advisor associate. we are headed into earnings. you've got jp morgan with great numbers.

this is bloomberg. ♪ >> the countdown is on in europe. this is "bloomberg markets: european close," with guy johnson and alix steel. ♪ alix: here's everything you need to know from europe at this hour. ubs crushes on dealmaking. the bank sees a 78% jump in advisory fees and lags its peers and trading revenue. draftkings walks away from a potential $22.4 billion offer for the sports betting firm, throwing cold water on the gambling frenzy. and one hazard lollar -- and one hunted dollar oil prices -- and $100 oil prices. larry fink says we will deal with oil inflation for a long time. i'm alix steel. dani burger is in london. guy dotson is off -- guy johnson is off. the u.s. still concerned about gas prices. they will continue to ta

>> the countdown is on in europe. this is "bloomberg markets: european close," with guy johnson and alix steel. ♪ guy: thursday the seventh of october. what do you need to know out of europe this hour? energy prices continue to fall after yesterday's comments from vladimir putin suggesting that russia is ready to deliver more gas. at the iea saying today that moscow can do much more. the energy price rises will continue. yields dropping broadly across the euro zone, particularly in the periphery. this is the ecb is looking at a new post pepp bond buying program. we will hear from the governor of the greek central bank. let's talk about where we are with markets. equities

i think europe overall has lagged in its recovery coming out of covid. i think people underestimate the strength as we come out of this around the world and i think it will be positive for growth but challenging on the cost and inflation sides. i would be remiss if i didn't get your opinion on the energy crisis. the idea that as we go into this green energy transition, there are some problems that weren't really addressed or known. opportunity or risk? >> both. the good news is we are investing less in hydrocarbons exploration and production. the challenge is for society, that means we rely on hydrocarbons for 90% of our energy today and as we bring supply down we have to bring the supply of renewables at the same pace and we haven't done that. part of that is technology related but part of that is our own regulatory framework. we got approval to lay of the 340 mile transition line that will provide enough energy for million homes in new york city. it has taken us 12 years to get selected and approved and it will take another four or five to build and i

. ♪ >> the countdown is on in europe. this is "bloomberg markets: european close," with guy johnson and alix steel. guy: tuesday the 19th. 30 minutes to the close. boris johnson unveils his plan for green britain, but tells bloomberg that tough negotiations lie ahead. russia says europe won't get extra gas until it gives the green light to start supplies via nord stream 2. what does it tell us about the winter ahead? the warnings on supply chain shortages continue as the european it earnings season rolls on. let's talk about where we are right now. we are bouncing off section lows -- off session lows, up 0.3%. the recovery has been fairly

. ♪ -- european >> the countdown is on in europe. this is bloomberg markets, european close with guy johnson and alix steel. guy: friday the 15th and near the close. a major hurdle was cleared on its way to becoming the next chancellor of germany to move on to formal coalition talks. united states will reopen to international travel on november 8 if people are fully vaccinated in a car crash, european auto sales were the worst in 25 years. they were down by 25% and the chip shortages being blamed. let's talk about the markets. energy markets are flying

. ♪ alix: here is everything you need to know from europe at this hour. it is pub time time. alcohol duty rates are cut for lighter drinks. germany's growth scare. the company downgrade its growth cast to 2.6% as the company is squeezed by raw material shortages and rising energy prices. we will speak to christine mcwilliams. analysts say the results from deutsche bank were reasonable while still searching for the growth driver for the bank. in the midst of these headlines, noris moves in the bond market in the u.k., spreading to the u.s. and has now catapulted with the bank of canada being