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Transcripts For BLOOMBERG Bloomberg Markets European Close 20240711

Yields have continued to fall in italy. Stocks in europe. We will provide the details in a moment. The s p is up around. 5 . A stable day. We are seeing a rotation back towards the tech stocks. The top the stoxx 600 benefiting from the ecb largess, which were now expecting more of. The stoxx 600 up 1. 12 . Aboutyou are talking Christine Lagarde saying the ecb will be there for the second wave of the virus. The Central Banks primary tools will likely stay the same. Lagarde while all options are on the program, the have provenros their effectiveness in the current environment and can be dynamically adjusted to react to how the pandemic evolves. They are therefore likely to remain the main tools for adjusting our monetary policy. Alix joining us from frankfurt is paul gordon, who leads bloombergs western european Central Banks coverage. Bdp is getting the most out of that statement from Christine Lagarde. Yields down. What was your biggest take away about how she said she would support th

Transcripts For ALJAZ NEWSHOUR 20240712

Hear from the families of girls kidnapped in pakistan who were forced to marry and convert to islam. And im were hard in with all of your sports news the miami heat take game one of their eastern conference final series against the Boston Celtics. So then its injured weeks of record a destructive wildfire americas Natural Disaster could be about to deliver unprecedented flooding in the next few hours the full force of harken salary is expected to hit several Southern States but the country 2 storm is moving so slowly its likely to cause days of heavy rain and with it what are being called historic floods and it will be winds of up to 170 kilometers an hour and possibly a major storm surge as well power has already been cut to 100. 50000. 00 homes and ill have to sunny those harken teddy developing out to sea with full cost is not that it could become a catastrophic kind of reform we look at the harkins in just a moment but along the west coast of the United States theyre into the 2nd w

Transcripts For RT Front Running 20240713

Limit our fossil fuel consumption and so we cant just talk about banning fracking without talking about specifics on alternatives to liquid transportation fuels and alternatives to natural gas in the power sector obama did call it a bridge fuel in terms of getting us off coal but it seems to be much more of a geo political issue we see with the fracking and the doubling of production its really hailed across bipartisan issues as like where the Number One Oil producer in the world so once it jumps to that level it becomes way more difficult to get off it what do you think about this the Obama Administration could take this is a when i think weve seen the world flip flop from 2008 to today weve basically seen the us go from importing 50000000 barrels a day of oil to down to less than 2000000 barrels a day at the same time china is now importing. Almost 10000000000 barrels a day so now china has become what we were in the seventys and we had the oil crisis i mean the next problem with oil

Transcripts For RT Front Running 20240713

Environmental issues related to fracking which involves injecting water because with chemicals in particular its like sand very High Pressure deep into hard rock formations youre basically putting a jet engine on the drill and using water at High Pressure instead of the drilling operation so theres tons of Environmental Issues water issues but theres also Climate Change the more oil and natural gas produce we produce the more Greenhouse Gas emissions we emit into the atmosphere and so i think what young people are responding to is we have to respond to the Climate Crisis and the only way to effectively respond to the Climate Crisis is to limit our fossil fuel production to limit our fossil fuel consumption and so we cant just talk about banning fracking without talking about specifics on alternatives to liquid transportation. In fuels and alternatives to natural gas in the power sector obama did call it a bridge fuel in terms of getting us off coal but it seems to be much more of a geo

Transcripts For RT Front Running 20240713

Seen the us go from importing 50000000 barrels a day of oil to down to less than 2000000 barrels a day at the same time china is now importing almost 10000000000 barrels a day so now china has become what we were in the seventys and we had the oil crisis i mean the next problem with oil come out of the middle east our strategic rival china is going to a big problem and over here were going to be pretty much selfsufficient so i think in terms of domestic resources it was a win in terms of Climate Change it was a win the u. S. Is the only region in the world that has actually reduced its emissions since 2005 reduced about 7 percent and thats because were replacing the dirtiest fuel coal with natural gas so this idea of banning fracking is a big gain of pollutants absolute you would watch it you would see number one our Living Standards are completely dependent on our electricity production so to just oh no trying to ban Something Like that weve built the entire Energy Infrastructure arou

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