we, in short guaranteed uninterrupted gas deliveries to europe. we have every reason to believe that this year we will reach record levels of gas deliveries on the global market. when prices are volatile, when they're going through the roof, what can help with that extra supplies? president prudent said that there was not a single occasion when rushes energy joined gas from refused a request from europe for additional natural gas exports. and what mr. brewton was asked a straightforward question whether moscow has ever used the energy sector as a political weapon. his answer was straightforward. no, want to ask you about it directly. has russia been using energy as a weapon? russia's not using any weapons. if you've been paying attention as for the economy, where are we using weapons and what conflicts are we taking part and for the economy? this is not something we tend to use. this is what i call a politically motivated talk. there's nothing to support it when it comes to saying that we use energy as some kind of weapon at the end of the day. i

now the, the prices for natural gas futures in europe have absolutely skyrocketed. they went down a bit. but in the meantime, russia was being accused of politicizing the matter. and for years this country has been under fire for its infrastructure project in the field, like the nord stream to however, this crisis led to reassessment i. this is while the russian leader has been talking about for a while. and he also brought up what he called mistakes in the european energy policies that lead to the crisis austin nuggets. myer prices on gas in europe are a consequence of a deficit of energy and not vice versa. and that's why you should not shift the blind newsline over the last 10 years. step by step, systematic flaws were introduced into the european energy system, russia and they led to a of energy, chrysler the way ceased for any marketing stability. unpredictability are important . when russia flawlessly fulfills its contractual obligations to our partners, including our partners in europe, but we, in short guaranteed uninterrupted gas deliveries to your and we h

our gas supply to europe is again, the number one ingredient in mr. perkins recipe for the volatility in prices. not to come back any time soon. that is a long term contracts when gas prices aren't fixed, but they depend on the current market situation and the oil prices. by the way, what's a major cause for concern for some very important european politicians? is the transit of russian natural gas through ukraine beyond 2024. well, lot of putin sent that russia is ready to keep that in place, as long as it knows how much gas europe is willing to buy in the future. i. e, he wants these a long term contract. again. what russia ones is stability and predictability. the united states, 2nd biggest airlines attempts to fool sol, staff to vaccinate against coven. is it turbulence in texas? where united airlines stuff have convinced a judge to suspend putting people on leave if they don't get jobs. more on this next, from ortiz kellum open. i kind of what's the complaint in the, how much affects it having while a judge in texas has put a stop temporarily to

the natural gas price in europe has sword to in all time record $6.00 times higher than it was in the spring . it's put the continent on a course for a major energy crunch, revealing internal divisions within the block over brussels as green policies are teased. peter oliver reports from berlin, while prices are as high as they are on the commodities markets. this isn't so much going to trickle down to consumers as perhaps the price is gonna fall upon homeowner's promo, board domestic home uses form a great height to what we've heard from the european commission president. ursula for the line is that she recognizes that there are major problems that we're facing right now on problems that are coming down the pipe further along. but says that in the long term, it's renewable energy that are going to keep energy prices low across europe. i think we have to be very clear that the gas prices are skyrocketing and the but the renewables, the prices have decreased over the last 2 years and a stable. so for us is very clear that with energy in the long term, it is important to invest in renew

president biden europe this weekend is as crucial big-ticket agenda items hang in the balance here at home. progressives are digging in their heels against the framework of a slimmed down spending package grade one senior official admitting the biden presidency is on the line. plus a new report said by the administration is considering paying migrants for under $50000 each. i'll be asking senator ron johnson for his takes on all this coming up. markets largely ignoring the drama soaring to new highs this week. but mark is out they warning about what biden's bills will mean for investors and the economy. plus, florida suing the white house again as well as an asset. florida attorney general ashley moody is back with us to tell us why. but first let's take a look back at the top newsmakers on mornings with maria and this week's edition of this week's talkers. ♪ ♪. maria: wide sentinel being pushed in this country? the underlying chemicals are made in china for. >> china sees this as an opportunity to destabilized and undermined america the cartel sees it as a way to make a lot of mo

not just the united states, but also europe. look at cern. we are still waiting for the grant unified theory to come out of that equipment. but in the meantime, they gave us the world wide web. they could not have done it if he was not employed at cern. in the united states, similarly, look at all of the standards on the internet coming about because all the money put into the space program. look at our history and repeat the things that we did right. above all, for god's sake, do not hotdog, swerve, turn programs on and off, do not due to standards in the digital space what the united states has done with the space program. >> excellent advice. thank you. i want to invite the audience to submit questions they have for the panel. while we are seeing those questions up, i want to turn the discussion to have the public and private sector can work together to bolster the u.s. standards space. >> i think there is a lot of will on both sides to work together better. it is not easy, as fran noted, to get a comprehensive governmental approach to any

this is something that i believe is an ongoing process which we share our experiences from europe and the u.s. to develop and design the most effective [indiscernible] >> social media was on my list. you don't have to answer. does that count as a critical infrastructure? i think some people would say yes. more important was the point you brought up about interdependency. one of the problems with the old approach was silos. i have advised some big companies. you need electricity, water, other things -- it was a telecom company -- for them to deliver their service, so interdependency among critical infrastructures is probably a point worth exploring. sebastian, let me get your take. >> thank you. what is my experience cooperating with critical infrastructure companies, critical services companies. what i see, first of all, the difference of maturity. the financial system, energy sector, and financial sector is much more mature than transport sector or health sector. in poland, for example, but the adversaries, i don't think they will attack one hospital. they will focus on the most crit

europe has been trying to transition to renewables wind and solar so they do not have a lot of backup right now they are dependent on wind and solar one interesting fact wins in the north are the slowest speed in 20 years turbines are turning and they have no backup they are dependent on liquid natural gas from russia to the nord stream pipeline in vladimir putin hasn't decided whether or not he will supply them, you have a difficult situation occurring right now but the consequences prices are going up factories or shutting down and supplies are being jammed all over the world. paul: what about the impact of climate policies yet the western world europe and the biden administration saying let's transition to solar and wind and reduce the biden administration doing everything that it can to reduce drilling and oil production in the united states how is that affecting things. >> that's a major part as dan was saying one of the reasons europe is struggling at the moment because over the years they shut down coal and nuclear meeting they shut down all the things that could give them back

. >>> president biden today leaves for europe. he's going to meet first leader head to scotland for a climate change summit. he has unfinished business on capitol before he leaves. chris pollone? >> reporter: the president is delaying the departure of this trip to europe. two sources confirming to nbc news that the president plans at the white house this morning to layout his framework for a deal on that large social spending and anti-climate change bill. it's unclear whether all democrats are on board with that. in europe preparations are under way as rome and glasgow set to welcome the world's top leaders. in just an hour, president biden will make a pit stop here on capitol hill meeting with congressional democrats as work on those two major spending bills approaches the finish line. democrats have been saying a deal is close on that spending deal with money for new social initiatives. the white house has also been dialing back expectations over recent days. >> they're sophisticated. they're seeing we're on the verge of getting

is high with presence of certain energy costs in europe right now and if u.s. domestically to bring down the oil prices. psaki: not going to make any position about here i would note that we have seen as you said some in parts of the country also as a follow-up to hurricane ida because the hurricane in a region that is a key center of the nations oil production we been working to focus on this and we took action in the days and weeks following to help address that including at the time, authorizing several million barrels of this petroleum reserve exchanges and we've also taken steps in putting and engaging with members of opec and resulting steps to reach out to the ftc to ensure the using every available tool to monitor the market and address any illegal conduct will not going to make any other connections at this point in time and were continuously monitoring. >> would you consider the exports to head off. [inaudible]. psaki: i'm not going to make any additional policy predictions at this point printed. >> overall these are nonrenewable sources of fuel. do y

. >>> vladimir putin swoops in to say he will save europe from the energy crisis. that has nat gas plummeting 8% after a huge spike earlier on, why energy is now underperforming but is the worst open in rapid fire we will cover everything from airlines, retail, restaurants and tech, the names to buy and avoid dom chu is here with the numbers. >> i miss rapid fire so much but i get the pleasure of joining today so i will see you later on for that as well that market story kelly just laid out, the energy story is interesting because not only is it the nat gas drop here, crude oil also dropping today, worse than expected supply numbers i should say bigger than expected supplies in the u.s. bringing the prices a little more under pressure. that's causing some under performance here in the dow overall, off about three-quarters of 1%, 250 points to the downside, well off the session lows the s&p 500, 43.16 the last trade there, off about two-thirds of 1% the outperformer down by 1%. 14,366 the last trade there. where we have seen some action, buying the dip so to speak i

came at the same time as revolutions across europe, trying to cast off emperors and kings. you have the french revolution. immigrants were looking for a better life in which we the people would be able to play a role in our society. we are throwing that way. we are enthralled to political parties that do not necessarily have our interests in mind. they're not making changes in the way that we are hoping and are in -- we are in real danger of putting everything in the hands of one person, which is the reason we had a revolution in the first place. i am basically hoping people will take a long look at what is happening. to emphasize all of the ideas of who you are and just think about the u.s. and who you want to be and the future that we want for our children and for ourselves. this is the way to get it by focusing on one person and who is that person -- is this the way to get it? our local communities, our states, there is a lot of prospects we have being agents of change. host: 10 minutes left. you mentioned families a minute ago. the dedication in your book is for alf and

does that make europe easier to park money in? sharon: i think these inflationary impulses are global, really. europe is also seeing tight supply, tightly per markets, in some cases seeing gas prices go up. european equities are quite interesting because they have large sectors that gain from where inflation. the commodity sectors, banks, financials, etc. those types of sectors will do well. europe has no weight in tech and long-duration high-growth areas. alix: i am back, by the way. i have not seen you all morning, guy. we both had different expenses talking to different investors. i was talking to jonathan gray and he still likes the u.k. even though they might have some short-term problems. they like the rule of law, they like the opportunities. what do you do with u.k. assets now? you still have high inflation and potential rate hikes. sharon: i completely agree in the near term. maybe take a step back as well. one of the reasons they have higher inflation is because the recovery has been good in the u.k. and europe. he recov

that is a big open session in german society. >> so how do we evaluate the american effort in europe during the cold war? for decades begins a tremendous and runs through george h.w. bush the cold war is global there is vietnam and korea europe is at the center of the enemy have a long bipartisan effort a struggle as kennedy calls it and now 34 years later europe and the united states are drifting apart there's a president over there talking about coming together on climate change. forgive me. i don't want to become partisan, that the soviet union would have fallen and then to waste time and money and the europeans are european they just clung to us for those decades because we are protecting them against the soviets. is just disappointing. >> i share a lot of concerns and opinions trying to stand up for trans-atlantic values and of course it even goes beyond those values of european and american people so the research is that history but then with soviet journey. that they need to learn those lessons because they did talk about american policy things i want to highlight to pick up o

early on was manufactured in europe. a lot use outside the u.s. is manufactured in the u.s. facility, in pfizer's michigan facility. it is the same vaccine. the caller might be referring to the way different regulatory bodies have acted. some have fully approved the vaccine. the vaccine is fully approved in the u.s. in other markets, it might still be offered under some emergency use authorization process. it might be different in terms of how they are regulated and labeled but the actual, physical product is the same. host: it might be a good time to talk about what the pfizer vaccine for children is and when kids can likely be able to get the vaccine. guest: the vaccine being developed for children 5-11, it is authorized for 12 and above. the fda will be meeting october 26 to discuss the application from pfizer, the company i am on the board of, for the vaccine for 5-11, assuming there is a positive recommendation at that meeting, the cdc is scheduled to meet november 2-3. they would make a recommendation on which population should be eligible for the vaccine and how it sh

you see selling across the board in europe. here was to have selling in the long end, but a little bit of buying in the front end. a teeny bit of a reversal there within the bond market. it does feel that the path of least resistance might be higher yields, but no doubt, there is really weird stuff happening in the bond market. francine: there is weird stuff because it is repricing, not on the back of much. i have a note saying there was nothing new in the ecb in the october statement, and yet you can see a little bit of movement on the euro-dollar, $1.1681. when it comes to stocks, it is all about earnings. anheuser-busch and nokia following the sentiment because they came in with estimates that beat. we have a couple of m&a. one thing i am looking at the downside is royal dutch shell. the ecb keeping monetary policy loose, and the president christine lagarde facing pressure to push back on markets petitions that the ecb will need to start tightening like other central banks. she spoke about the decision to keep stimulus on tr

early on was manufactured in europe. a lot use outside the u.s. is manufactured in the u.s. facility, in pfizer's michigan facility. it is the same vaccine. the caller might be referring to the way different regulatory bodies have acted. some have fully approved the vaccine. the vaccine is fully approved in the u.s. in other markets, it might still be offered under some emergency use authorization process. it might be different in terms of how they are regulated and labeled but the actual, physical product is the same. host: it might be a good time to talk about what the pfizer vaccine for children is and when kids can likely be able to get the vaccine. guest: the vaccine being developed for children 5-11, it is authorized for 12 and above. the fda will be meeting october 26 to discuss the application from pfizer, the company i am on the board of, for the vaccine for 5-11, assuming there is a positive recommendation at that meeting, the cdc is scheduled to meet november 2-3. they would make a recommendation on which population should be eligible for the vaccine and how it sh

i'll have more to say after i return from a critical meeting in europe this week. but for now, let me lay out a few points. first, we face -- and i apologize for saying this again. we face an inflection point as a nation. for most of the 20 th century, we led the world by a significant margin because we invested in our people. not only our roads and highways and bridges, but in our people. and our families. we didn't just build an interstate highway system. we built a highway to the sky. we invested to win the space race, and we won. we're also among the first to provide access to free education for all americans, beginning back in the late 18 00s. that decision alone to invest in our children and their families was a major part of why we were able to lead the world for much of the 20th century. somewhere along the way, we stopped investing in ourselves, in our people. america's still the largest economy in the world. we still have the most productive workers and most innovative minds in the world. what we risk losing our edge as a nation. our infrastructure used t

could the power crisis in europe happen here. hamd harold hamm joins us. welcome. >> good to be with you. >> i want to ask you a question that skips past the worst of what is happening right now and ask which price is going to fall first, and hardest, oil or nat gas? >> i am not sure i don't predict prices very good, obviously, but we are price picker, not price makers i think you have to remember where we came from we came off of a very large oversupply coming over the covid thing. and basically to a fundamental undersupply that we have right now. and it's all man made, all due to federal lands, personaling bans and leasing bans. and also pewtive legislation and policy that the administration is trying to put through so it's all man made it doesn't have to be. prices are up 45% on gasoline and 35% on heating oil and things like that so consumers are feeling it. like i said, doesn't have to be, it is all man made it's all due to the policy of this administration. so, you know, i would say to joe, the president, come on, man, fix your energy plan. that's al

this is "bloomberg daybreak: europe." no shutdown. biden signs a stopgap funding bill but the house postpones its infrastructure vote. the democrats failed to agree on the white house's economic agenda. stocks begin the quarter in the red after equities suffer their worst monthly selloff since march of 2020. a fight for power. china orders its top energy firms to secure supply at all costs and another tailwind for european energy prices. happy new month, happy new quarter. it is a precarious start to this new quarter. we have a host of risks. let's get away from the doom and gloom this friday because we have a very special treat this friday. usually, manus cranny starts the weekend on friday but we are very lucky. manus cranny is putting in the long, extra hours this weekend at the dubai expo. good morning to you. you have such a great lineup of guests and some really interesting conversations. what are you most looking forward to? manus: dani, this is a roll of the dice for dubai. welcome to an infrastructure build a year late but th

what do you need to know out of europe this hour? u.k. inflation staying above 3% and now expected to climb to 4% or higher. we will discuss that in a moment. jens weidmann quitting the bundesbank. the surprise move for personal reasons comes after he was passed over for president. angela merkel saying within the last few minutes that it will be up to her successor to pick his were placement. covid cases continue to climb across europe. the u.k. secretary will hold a conference, expect it to urge the elderly to get boosters. his government is still ruling out lockdowns for now. let's talk about where we are with the market. equity markets bid in europe, up 0.2%. we are just continuing to push higher. the stoxx 600 got up into the mid-for 70's not long ago. crude is negative, but very much off the floor that inventoried that we broken the last half-hour, certainly pushing crude prices back up again. brent crude, $85 on the nose. alix: in the u.s., we are seeing a sixth straight day of gains for the s&p. haven't seen that since about mid ju

democrats rush in to cut a deal on his multi-trillion dollar spending deal before he leaves for europe kelly o'donnell is at the white house with more. >> reporter: in new jersey today, president biden visited a classroom of four-year-olds. >> hey how are you doing? my name is joe. >> reporter: to highlight the kind of universal pre-kindergarten program he wants expanded nationwide. his newly reduced social spending plan of about $2 trillion is expected to include four weeks of paid family leave and a one-year extension of the child care tax credit today the president also pushed for his long delayed $1 trillion bipartisan roads and bridges bill. >> these bills are about competitiveness versus complacency. >> reporter: a critical week for the biden agenda after months of internal battles among democrats. the president met with moderate joe manchin, who said today he would only support a $1.5 trillion price tag for the larger bill with issues like climate and clean energy not yet finalized. >> well, we're working on climate, basically. >> reporter: today republicans predict higher taxes

your today asml shares are some of the best-performing in europe, up 70% or so. roche, we will be speaking with the ceo. they came out with earnings that beat forecasts. we will talk about the covid-19 treatment and diagnostics for that company as well. roche has upped its sales and farm it -- and forecasts. it will boost profit by the mid to single digits but the upgrade follows disappointment this week over the company it's covid antiviral pill after a failed clinical. joining us now is the ceo of roche. thank you for joining us this morning. congratulations on those results. what stood out for you? severin: very pleased. sales are up by 8% had on the one hand, driven by continued to demand for our covid-19 portfolio, but at the same time, we have seen a strong recovery of our base business so very good news as far as the ongoing business is concerned but i am particularly pleased about the strong progress we have made in our product pipeline recently in the third quarter. francine: good morning when you look at some of -- good morning. when you look at some of

military facilities, for instance in the middle east and in europe to help facilitate the flow of those folks, but d.o.d. is really just in support in that case, and what you are seeing, again, is more of a an ability [inaudible] to bring focus through the state department process for providing documentation [inaudible] ensuring that documentation is accurate, you have a [inaudible] process on vetting and reviewed to ensure that the right people are coming out. and then, d.o.d. is providing some of the backdrop. i'm not the ones lifting out. the other major thing i worked [inaudible] is the standing up of the commercial side of the kabul airport, and that's an effort underway that [inaudible] countries are working on with the state department to try to get that airport up and operational, and that, again, his [inaudible] ability for commercial aircraft to come through and move without coming to u.s. military facilities, first an instance, just going through commercial at traffic, and the ability of the state department to provide [inaudible] support for the visa process and for the, you

that pattern is repeating across europe. there are an estimated 4.8 million unauthorized immigrants in europe. experts warn failure to tackle the low rates of vaccination in these groups can prolong the pandemic. our research and public health. >> the pandemic has exacerbated the inequities. factor in increased migrants risk of exposure to sars-cov-2 includes working conditions, living conditions --living in an overcrowd accommodation, lack of hygiene and sanitation, and lower level of accessibility to public health services including public health -- lucy: in december, the cdc recommended refugees and migrants be included and national vaccine strategies but a small number of countries have put that into practice. france and belgium are amongst those who have prioritized these groups from the start. belgium runs mobile vaccine units to reach those without a permanent address. the belgian minister of immigration -- minis wise itter why is it important to vaccinate as much people as possible? the virus doesn't make you differe

and on that of europe with the benchmark. and on than , , ., , of europe with the benchmark. and on than , , that there will be people across euro -e that there will be people across europe thinking _ that there will be people across europe thinking is _ that there will be people across europe thinking is there - that there will be people across europe thinking is there any - that there will be people across - europe thinking is there any respite coming? there might be in the medium—term? i coming? there might be in the medium-term?— coming? there might be in the medium-term? ~ , ., , medium-term? i think if you see some sianals in medium-term? i think if you see some signals in the — medium-term? i think if you see some signals in the next _ medium-term? i think if you see some signals in the next week, _ medium-term? i think if you see some signals in the next week, that - medium-term? i think if you see some signals in the next week, that these i signals in the next week, that these will be used more than they already are, then that will bring down the whole price an

it is exports above that 15 percent to europe, which will definitely com. the european markets, and i do hope that day will do so. and did they are, they can underscore that they are partner when it comes to cut. cut is different in a reliable export to our next, but i expect cut out to continue. and if possible increase it is supplies, but in general, the for the got the industrial i would like to give a message. gus, in his b natural gas has been presented as reliable and affordable as a cleaner companion to clean energy during transitions. but the current is sky high, very high nature, the gas prices, and the current station. is that a good one? and i think the nature of the guys industry doesn't get good marks from millions of consumers around divert. which in turn is that the good news for the repetition of natural gas. therefore, i would urge the natural gas producers to step up their efforts and to provide additional volumes to their customers around direct. that's how this energy crisis effects the agenda of the upcoming climate summit, which is hap

. >>> he's been dubbed europe's last dictator. cnn sat down with the president of belarus. how did he respond on the questions about widespread rights abuses under his watch? that's next. gold. your strategic advantage. this isn't just a walk up the stairs. when you have an irregular heartbeat, it's more. it's dignity. the freedom to go where you want, knowing your doctor can watch over your heart. ♪ ♪ (music) ♪ staying on top of your game takes a plan. that's why at aetna, we take a total connected approach to your health and wellness. with medicare advantage plans designed to surround you with the care you need every day. aetna medicare advantage plans >>> in our world lead, alexander lukashenko has been called europe's last dictator. he runs belarus, one of the eastern european republics that started going its own way after the soviet union broke up. for belarus, lukashenko's way has been the only way. he's supposedly freely elect bud the election was so corrupted it provoked huge protests in the capital minsk. protests that lukashenko's forces brutally put down. n

biden is headed to europe, to the g 20. he will be meeting with the pope and i guess he will be dressed for the season as a faithful catholic. we will see how that goes. laura: he met with pelosi pushing abortion on demand, then he will go for biden. maybe there's a pool aside, cut that other stuff out. you think that will happen? >> looks like it will be a climate summit. i don't think they will get onto those moral issues. >> turnabout is fair play. what is the number one downloaded single on itunes. >> i would have said a dell, is it something else? >> wrapper bryson graves's new timely tune. ♪♪ building back the ♪♪ only the television ♪♪ open the border ♪♪ lose all the orders ♪♪ ♪♪ >> this is the let's go brandon song, number one since sunday and two songs titled let's go brandon are ahead of the dell. music is an indicator where people are and it is probably a good thing president biden is headed to europe. i don't think let's go brandon is topping the european charts just yet but it is earlier

it is being driven by rising cases across europe. the w.h.o. chief blames the continued spread of the virus on in equity. let's listen. >> it's another reminder that the covid-19 pandemic is far from over. the pandemic persists in large part because inequitable access to tools persists. >> europe accounted for 57% of new cases worldwide last week and is the only w.h.o. region to report increases in infections. >>> today the u.s. food and drug administration is expected to authorize pfizer's covid vaccine for use in children ages 5 to 11. this will allow the company to begin shipping out its version for younger kids. pfizer says clinical trials show it's more than 90% effective against symptomatic covid after the fda grants authorization, the cdc still needs to give its approval. the cdc vacciner advisers are expected to hold a meeting on tuesday and the agency's director gets the final say. >>> donald trump's former chief of staff mark meadows could soon find himself in the same fix as the former president's ally steve bannon. multiple sources

europe's strictest vaccine policy. bringing the pandemic under control and ending economic uncertainty will help focus leader's minds here. but absent president xi and putin at the table, it seems a stretch to have a covid solution. nic robertson, cnn, rome. >>> after the g20, the u.s. president will travel to scotland for the cop-26 climate summit. but it looks like he won't have much to show. he has vowed to cut around half of u.s. greenhouse gas emissions below their 2005 levels by 2030. the white house says he's considering new executive actions, restricting methane, mercury, and power plant emissions. but analysts say that won't be enough, and that joe biden will need congress to pass clean energy bills to reach his goal. >>> for more on all of this, we're joined by professor and volcano gist jess phoenix. thanks for being here. >> thank you for having me. >> as one of the world's biggest carbon polluters along with china, india, russia and japan, what does the u.s. need to do to lead the charge at the cop 26 clim

that is the normal price range you should see europe. it is not the same thing everywhere they've suffered mord. they depend a great deal on gas for power. different in different parts of the world. i think the u.s. if the oil drilling picks up, should be leveling off if it is. >> we've heard a narrative with regard to the investment do you think more will be coming out there with regard to the balance? >> that's a good question. oil is a long-term investment. you have to put the money in if you want to reach the investment in three to four years shail oil has suffered from money and services the oil services have been pretty much decimated. it is a pretty bigrecovery those are something like $500 billion a year we are running around 350 then how do you attract capital with the simple investment and the high tech things we have seen >> what is it about the outlook that has you skeptical and excited. >> generating clean hydrogen and distribution it is a matter of storage. you have to store a huge amount of technology. that has just not ha

bob: we have been focusing a lot on energy prices in europe, the jump in gas prices in europe. i think we shouldn't forget that gas prices in asia have risen to higher levels than those in europe. you know china, which has been scaling back on coal production is now facing an energy shortage. so, in response to that, we have seen this announcement that coal production has to be ramped up again. that has serious negative implications. but does china have any alternative in the short term? the answer is no, but i think it does accelerate the investment in alternative energy in china. china has got a serious energy problem here. this is a short-term fix. it is not a known long-term fix. tom: switching focus to the u.k. . the rally has peaked out. there are questions about stagflation, questions about sterling. what is your view on assets in the u.k.? bob: well, i think the first point to make is that the ftse very much fits into the category of a lagging market. this is a very cheap market. i think the first point to answer your question is that it is discounting quite serious neg

ascillian is about to be put to the test as the president heads to europe. we're live here in vatican city where he'll be meeting with pope francis tomorrow. some things are good to know. like where to find the cheapest gas in town, and which supermarket gives you the most bang for your buck. something else that's good to know? if you have medicare and medicaid, you may be able to get more healthcare benefits through a humana medicare advantage plan. call the number on your screen now and speak to a licensed humana sales agent to see if you qualify. learn about plans that could give you more healthcare benefits than you have today. depending on the plan you choose, you could have your doctor, hospital, and prescription drug coverage in one convenient plan. from humana, a company with 60 years of experience in the healthcare industry. you'll have lots of doctors and specialists to choose from. and, if you have medicare and medicaid, a humana plan may give you other important benefits. depending on where you live, they could include dental, vision, and hearing

natural gas prices in europe are wild. earlier this month trading at the equivalent of $230 per barrel in oil terms. that is up more than 130% since the beginning of september. and more than eight times higher than the same point last year. according to data from independent commodity intelligence services. those natural gas shortages have also prompted europe to return to coal production. >> a lot of countries across europe are quietly switching on coal stations again that have been moth balled in the last few years because rather than run something dirty and run out of electricity. >> reporter: also increasing demand economic activity has bounced back from the pandemic shutdown last year, and before the pandemic the world was consuming an average of 101 billion barrels of oil every day. during the pandemic slowdown it plummeted to 84.9 million at one point. now this year it is predicted to average more than 97 million barrels a day. that will continue to climb which has forced a surge in pricing with no end in sight. >>

>> reporter: well, he's scheduled to leave thursday morning for europe, norah, and then meet with pope francis on friday before attending the g-20 summit over the weekend in rome. but aides don't rule out him delaying his departure, especially if there's a chance of a handshake agreement before he goes. norah. >> o'donnell: down to the deadline. ed o'keefe, thank you. we want to turn now to a nationwide increase in violent crime. the f.b.i. has reported that homicides rose at their fastest rate in at least six decades last year. the vast majority committed with a gun. president biden promised new gun safety measures, but that promise suffered a major setback last month after his top choice to lead the bureau of alcohol, tobacco, and firearms was blocked in the u.s. senate. tonight, that nominee, david chipman is speaking out in a cbs news exclusive. >> i have, from 25 years as an a.t.f. agent, and largely 10 years after that, committed myself to one thing-- preventing gun violence in this country. to oppose me must mean that you're not for preventing gun violence. >> o'donnell: i mean,

i'll have more to say after i return from a critical meetings in europe this week. but for now, let me lay out a few points first, we face -- and i apologize for saying this again, we face an inflection point as a nation for most of the 20th century we led the world by a csignificant margin because we invested in our people, not only our roads and our highways and our bridges, but in our people in our families. we didn't just build an interstate highway system, we built a highway to the sky we invested to win the space race and we won. we're also among the first to provide access to free education to all americans, beginning back in the late 1800s. that decision alone to invest in our children and families was a major part of why we are able to lead the world for much of the 20th century but somewhere along the way we stopped investing in ourselves, investing in our people. america is still the largest economy in the world we still have the most productive workers and innovative minds in the world, but we risk losing our edge as a nation our infrastructure used to b

you -- europe has had a bigger impact on -- as a result of that. in the u.s., it's a different story where we are battling a more hawkish fed as well as higher oil prices. our view is that oil can remain elevated but certainly the big increases are behind us at this point. shery: this gdp chart showing how treasury yields have continued to rise and we are now seeing the greater correlation with oil prices. why is it important that we make that differentiation about what's behind what's happening in europe rising yields and what is happening in the u.s.? marvin: yes. ultimately, when you look at central-bank policy, it will be driven based on sustainable inflation and concerns around sustainable inflation. that's the core discussion of cpi. you take food and energy out of it because it has to have a tax and it ultimately only becomes an issue if it increases at that same pace year after year after year. we are not in the view that we will see oil at $200 which is the type of explosive growth that we've seen continuing. in europe, it's a different st

do you worry that europe will not have somebody like that at the helm? >> well, here's a leader who never identified herself with her office, and she will leave the chancellory and return to her rent-controlled apartment, which she never left for the past few decades, and never lost her talent to be normal. she will assume the life of a normal citizen and make herself scarce in berlin. >> she did her own grocery shopping all through the time she was chancellor. >> always. yes, she loves to cook. she's not a great cook but she loves to cook. and she will, i think, leave both germany and europe in a very strong place. >> kati marton, pleasure to have you on. >> thank you, fareed. wonderful to be with you. >>> next on "gps" the taliban is back to a lot of its old ways. afghanistan faces economic collapse and a series of terror attacks have shocked citizens there. i will talk to the afghan activist mahbouba seraj, who we had on before, about the sorry state of that war-torn nation when we come back. >> tech: when you get a chip in your windshield... trust sa