This is dw news live from berlin. Chester, all ive sold gives a key policy speech to the german parliament. Very soon. We will be shooting into i tuning in for that speech and also crossing life to our corresponded in a moment. I been puzzled and welcome to war in ukraine and germanys response to it is expected to dominate this speech. It comes ahead of an e. U summit of leaders in the coming hours. Well, lets go over to our corresponded need a hasa whos standing by for us. Ah, our political correspond, can we bring in nita, please . Ah nina, what kind of speech can we expect from the chancellor today . And what will he use this occasion to convey well, its a tradition, the german chancellor does give a big speech ahead of every you counsel. So thats not like an emergency speech today, what were going to be seeing, but hes going to stress why his decisions in recent weeks and months have been right. And especially when it comes to support for ukraine, he does need to have everybody sup
Whats causing the turmoil . A lot of it is behindthescenes action in the bond market. Something ive always told you can be a real problem for equities. Now lets jump in with our game plan to figure out whats happening with the market. Typically i start with monday. Im going 0 get to that first you need to know, next week weve got a fed meeting on wednesday. And today people put on a lot of bets that the fed is going to signal rightly or wrongly, i dont know. That the easy money is about to end. Weve had the considerable amount of time, thats a term of art, that we knew they were going to wait for before they started raising rates. Ive told you theres going to be an air pocket in the stock market. When they do and ive wanted you it to be ready for it last weeks game plan i mentioned i thought strong retail sales number could stir the fed and cause rates to rise. We got the strong retail sales number and Interest Rates spiked in anticipation of the fed changing its policy wednesday. Now
Business. Chinas central bank promises to watch for inflation after the premier league sounds a hawkish warning. And initiating countdown sequence, india just minutes away from launching asias First Space Mission to mars, heating up a new global space race. All right. A warm welcome. Were into the twohour Worldwide Exchange again after the u. S. Changed their clocks over the weekend. Now, a lot of earnings out today. Details out in a minute. Nissan shares taking a big fall in japan today. The automaker cutting its profits down by 20 because of weak sales in asia. Well get the details in around 10 minutes. Helia is in london for a first on cnbc interview with the owner of Imperial Tobacco. Well get more at 10 20 cet. And in new york, the yearlong mayoral race draws to a close as voters head to the polls today. About frontrunner bill deblasio score a victory or is a lastminute upset on the cards . Plus, well speak to the italian finance minister about his vision for the future of europe.
Research some years ago but we now find the court of justice of the e. U. Is hindering progress by bringing into question the validity of the patient protecting research. Will the Prime Minister do what he can to clear this blockage on behalf of millions of people in this country who suffer longterm medical conditions . My hon. Friend makes an extremely serious point and i will look closely at it because it is a competitive advantage we have in this country that we took difficult decisions about stem cell research. Is important that we continue to lead in that area not only as he says for economic and scientific reasons but because we want to make sure longterm conditions, debilitating conditions, children with a disability and other concerns that we crack those problems for the future and without that level of research i dont believe we will. I will get what he says and write to him after. Is the Prime Minister proud of the growth of super pacs across this country including my own con
I am not as worried that makes a good deal of difference. But it is not hard for congress to patch amt. He is a good the. What he struggles over is do we have to pay for it. If we do not, how will we deal with our guilt . There are not a lot of people maybe there are. Who sit around and worry about should we packed the alternative minimum tax or if we do, how will we construct the patch. Construct the patch . The answer is the same as the last nine years. How do you allow yourself to do this . How do you come up with the money or the rest rationalization not to do this . We try all these budget processes. From my own perspective, one of the things we have learned over the last few years, we have tried all these budget processes, andnothing seems to work. A wonder given the fact that Interest Rates areat the moment, there are not it does leave another pressure point. Given the fact that Interest Rates are negative there is not much incentives for a politician to make the tough roads the