Investors to used africas commercial hub. Kenya is the only african nation to make the goal of making Renewable Energy 70 for 75 of its energy mix. Which first connected to the National Grid last year, is expected to provide 17 of kenyas energy. Global news 24 hours a day, onair, and tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Live from bloomberg World Headquarters in new york, im vonnie quinn. Amanda im amanda lang in toronto. Welcome to bloomberg markets. Here are the top stories we are following from around the world. The new york fed president John Williams and vice chair Richard Clarida says dont wait for the economy to enter a downturn before cutting rates. The new york fed walked back the comments. The latest in the great rate debate. And an interview with robert strayer, about how the u. S. Is trying to win the battle for 5g. Day as wetoric remember the 50th anniversary of apollo 11 landing on
Drugs like fentanyl. A white house summary of the call included a few others like chinas Unfair Trade Policies and preventing access to advanced us technology. And on the chinese side president xi reportedly called us support for any taiwanese independence effort a red line and accused the us are trying to suppress chinas development of us technology. Overfour chinas development of us technology. Over four days of meetings, treasury secretary janet yellen is expected to meet with some chinas top political and economic officials as well as American Business leaders and chinese professors and students. She is expected to warn china against flooding the market with cheap clean energy exports, things like Electric Vehicles and lithium ion batteries. The white house is trying to bolster that industry domestically by offering its own tax breaks and subsidies. Tesla shares have fallen almost 5 , thats after elon musk s Electric Vehicle maker reported deliveries have fallen sharply in the Firs
Cspan, 45 years and counting, powered by cable. The Senate Energy and Natural Resources Committee Held a hearing on the challenges associated with growing demand for electric power in the United States. The witnesses outlined the potential cost and security risks of retiring natural gas plants too soon and called for a balanced approach that included nuclear and Renewable Energy sources. This runs an hour and 45 minutes. Today we ask you to discuss the risk of opportunities. In the halfcentury after world war ii, demand for electricity grew along with our economy, but in the decade following, the implementation of the freetrade agreement, which was in the 1990s, annual electricity demand growth fell by nearly 45 . 45 . For the past two decades, the demand and load has been flat across the country. We are here today because that appears to be coming to an end rapidly. With exponential growth, utility and grid experts are telling us that it is poised for truly remarkable growth. Meeting
At 7 00 a. M. Eastern. Now we are going to take you over to the Senate Energy committee hearing. It is getting underway now come alive on cspan. We will talk about the growing demand for electric power in the u. S. And the impact on the electric grid. Here it is. Today we ask you to discuss the risk of opportunities. In the halfcentury after world war ii, demand for electricity grew along with our economy, but in the decade following, the implementation of the freetrade agreement, which was in the 1990s, annual electricity demand growth fell by nearly 45 . 45 . For the past two decades, the demand and load has been flat across the country. We are here today because that appears to be coming to an end rapidly. With exponential growth, utility and grid experts are telling us that it is poised for truly remarkable growth. Meeting the demand growth may be one of the greatest challenges we face. Our economy and defense of our country i want to thank the witnesses for sharing their perspecti
Markets in europe open to the upside tracking wall street in asia higher. Ericsson shares are falling and declines to give guidance for 2024. The ceo remains optimistic. Depleting inconvventories thh the inventory cycle and cautious on the road out. That will come back to more normal levels. It can take a couple of quarters. It can take a bit more. Bitcoin pops more than 10 nearing the 30,000 mark before paring back before p tthe appro etf. And we have Goldman Sachs and bank of america earnings on deck. We will talk to Ceo Brian Moynihan at 16 00 cet today. U. S. President joe biden will visit israel tomorrow. The oneday trip will see biden p meet with israeli Prime Minister Benjamin Netanyahu in tel aviv following a stop in jordan where he will meet with the King Abdullah. This comes as a critical juncture in the war. Antony blinken announced the latest in the war. The United States has developed a plan to enable humanitarian aid from organizations to reach siccivils in gaza and creat