this is gps , the global public square. welcome to all of you in the united states and around the world. i m fareed zakaria coming to you from new york. today on the program, what is happening inside putin s russia? is he losing his grip on power? is he at odds with his own commanders? and how might his forces fair against the up coming counter offensive. we ll get inside from julia yoif and andrei soldatov. and since china opened up its economy in 1978, it has averaged almost 10% growth a year. but are we now at peak china? the economy ims keyu jin weighs in. also, has humanity gotten, well, dumber, thanks to the supercomputers in our pockets that could tell us everything that we need to know in an instant. i ll talk to the author simon winchester about the past, present and future of knowledge. but first, here is my take. america s debt ceiling crisis once again provoked the usual commentary about how it shows the country s basically dysfunctional. but the truth is t
Lets check on your markets. We are getting some euro area manufacturing pmi figures. 59. 6, thatphone to is pretty much in line with what economists expected. Higher. 10m also looking at the u. S. Year yield twoyear yield. The dollar you can see steady. We have a lot coming up right here on bloomberg surveillance. We get the latest equity market calls. Find out why he sees a correction soon. Userwe talk facebooks big news. To someone from Credit Suisse. Here is nejra cehic. Nejra u. S. Oil production has surged over 10 Million Barrels a day for the first time in decades. That comes just weeks after the International Energy agency said american output would push past saudi arabia. Decades of declining output has been reversed and the nation has been turned into an exporter. The u. K. Will agree to in transition. Told themn china, he that free trade deals would still be some time away if there is a transitional phase in which britain cannot negotiate with third countries. The uks Prime M
Implosion in data in the last 20 minutes. As we open surveillance, what we see is, look at the yields come in. Francine look at the yields, we are in a riskoff mood. Great speech by the anglo gold ceo. Ths saying there is no good out there. Ing tom i would go to the bloomberg terminal and look it up but i have to pay my bill. Francine lets get to the bloomberg news. Heres a funny heres vonnie. The yuan has condemned north koreas launch of a longrange rocket. The Security Council has pledged new sanctions. Taiwan, two survivors from the killer earthquake were pulled out of a toppled highrise building. More than 100 people are still believed to be trapped. Saturdays quake killed at least 37 people. German chancellor Angela Merkel is feeling the heat as she travels to turkey. Merkel plans to urge the turkish government to do more to halt the flow of refugees bound for europe. Theres pressure in germany for merkel to follow other eu countries and turn refugees away. New hampshire votes tom
What is the reaction from American Allies and competitors . Well hear from the united kingdom, china, germany and mexico. We will repair our alliances and engage with the world once again. Also, one year since covid19 was first diagnosed in america, there have been 25 million cases here since then and more than 400,000 deaths. Sanjay gupta joins me to talk about the vaccines, the new variants and the prospect of herd immunity. But first heres my take. President joe biden has many competing priorities as he begins his first term, dealing with the pandemic, restarting the economy, reestablishing american credibility on the world stage and competing effectively with china. But it turns out that there is one thing he can do that will address all these problems at once, vaccinate all americans as quickly as possible. Bidens current goal of vaccinating a Million People a day is far too modest. He should double that, doing whatever it takes to achieve herd immunity for the u. S. By late april
Chatham House defines geo-economics as “the use of economic tools to advance geopolitical objectives.” The Singapore Economic Forum defined the present era as the “age of.