RUSH TRANSCRIPT Get in ░░░░░░░░ the all day market ░░░░░░░░ on opening and closing ░░░░░░░░ weekdays 09 00am to ░░░░░░░░ 00am and 02 00pm ░░░░░░░░ 05 00pm Welcome back ░░░░░░░░ centers opening bell it ░░░░░░░░ time for world news ░░░░░░░░ market when we bring ░░░░░░░░ the top headlines making ░░░░░░░░ around the globe for ░░░░░░░░ inflation in the euro ░░░░░░░░ hit a new record ░░░░░░░░ in August from about ░░░░░░░░ year ago it increased ░░░░░░░░ 9 1 the highest ░░░░░░░░ since the formation of ░░░░░░░░ euro higher energy prices ░░░░░░░░ increased food costs with ░░░░░░░░ big factor behind the ░░░░░░░░ energy prices have increased ░░░░░░░░ over the last 12 ░░░░░░░░ well food inflation that ░░░░░░░░ currently running at an ░░░░░░░░ rate of 10 6 ░░░░░░░░ break this year today ░░░░░░░░ re joined by founder ░░░░░░░░ block the read we ░░░░░░░░ about inflation here all ░░░░░░░░ time you see numbers ░░░░░░░░ that and you understand ░░░░░░░░ careful you know about ░░░░░░░░ complaints that is worth ░░░░░░░░ elsewhere what s your ░░░░░░░░ on the story Yes ░░░░░░░░ s kind of troubling ░░░░░░░░ it s taking place ░░░░░░░░ it s such a ░░░░░░░░ sea you know what ░░░░░░░░ going to happen is ░░░░░░░░ s actually we don ░░░░░░░░ see it reducing anytime ░░░░░░░░ This war and it ░░░░░░░░ rashes really challenge both ░░░░░░░░ the supply lines that ░░░░░░░░ the food and mainly ░░░░░░░░ and energy So we ░░░░░░░░ have to see how ░░░░░░░░ s going to continue ░░░░░░░░ impact the euro zone ░░░░░░░░ know part of what ░░░░░░░░ the markets yesterday to ░░░░░░░░ downside was European central ░░░░░░░░ s indicated they might ░░░░░░░░ to get more aggressive ░░░░░░░░ hawkish on inflation and ░░░░░░░░ Susan on rate hikes ░░░░░░░░ order to tamp down ░░░░░░░░ inflation So to that ░░░░░░░░ I wonder does this ░░░░░░░░ of strengthen the case ░░░░░░░░ European central bankers to ░░░░░░░░ the massive interest rate ░░░░░░░░ today may to actually ░░░░░░░░ is down Yes it ░░░░░░░░ at the end of ░░░░░░░░ day what they re ░░░░░░░░ to do is just ░░░░░░░░ this Global A recession ░░░░░░░░ might be taking place ░░░░░░░░ the very near future ░░░░░░░░ what s most important ░░░░░░░░ the individuals to remember ░░░░░░░░ just the conservative focus ░░░░░░░░ saving focus on a ░░░░░░░░ term financial plan it ░░░░░░░░ a time for people ░░░░░░░░ focus in order a ░░░░░░░░ bit and realize that ░░░░░░░░ really need to protect ░░░░░░░░ because while the government ░░░░░░░░ doing its best there ░░░░░░░░ no guarantees that they ░░░░░░░░ going to be able ░░░░░░░░ help much So it ░░░░░░░░ not for everyone to ░░░░░░░░ just take time to ░░░░░░░░ what they think is ░░░░░░░░ for themselves and their ░░░░░░░░ 100 it s a ░░░░░░░░ of like hunkering down ░░░░░░░░ of give yourself a ░░░░░░░░ because the reality is ░░░░░░░░ banks around the world ░░░░░░░░ Fed here central bank ░░░░░░░░ Europe trying to kind ░░░░░░░░ tamp down on this ░░░░░░░░ it s been more ░░░░░░░░ when it comes to ░░░░░░░░ Then you know everyone ░░░░░░░░ of games for guests ░░░░░░░░ forecasted for speaking of ░░░░░░░░ particularly in the energy ░░░░░░░░ me what 30 something ░░░░░░░░ just in Europe alone ░░░░░░░░ increase year over year ░░░░░░░░ want to get your ░░░░░░░░ on this next story ░░░░░░░░ Russia making actually more ░░░░░░░░ than ever before even ░░░░░░░░ the dip in oil ░░░░░░░░ Russia has actually earned ░░░░░░░░ average 20 billion dollars ░░░░░░░░ monthly sales this year ░░░░░░░░ with 14 6 billion ░░░░░░░░ average in 2021 Russian ░░░░░░░░ sales those of actually ░░░░░░░░ by finding new buyers ░░░░░░░░ means of payment new ░░░░░░░░ and new ways of ░░░░░░░░ exports export of Russian ░░░░░░░░ oil and now goes ░░░░░░░░ Saudi Arabia and the ░░░░░░░░ it s often stopping ░░░░░░░░ Egypt in route their ░░░░░░░░ here especially in regards ░░░░░░░░ how this revenue impacts ░░░░░░░░ s war in Ukraine ░░░░░░░░ idea was was to ░░░░░░░░ of cut off Russia ░░░░░░░░ war chest and now ░░░░░░░░ re seeing is only ░░░░░░░░ Yes hard times create ░░░░░░░░ and you re seeing ░░░░░░░░ every day with Russia ░░░░░░░░ they re trying to ░░░░░░░░ the sanctions and these ░░░░░░░░ alliances are formed and ░░░░░░░░ strength and because Russia ░░░░░░░░ a lot of assets ░░░░░░░░ has a massive oil ░░░░░░░░ reserves and a lot ░░░░░░░░ the rest of the ░░░░░░░░ depends upon it and ░░░░░░░░ those allies they had ░░░░░░░░ the past that weren ░░░░░░░░ quite so dependent or ░░░░░░░░ t have the community ░░░░░░░░ capture this much of ░░░░░░░░ s resources They re ░░░░░░░░ forming stronger ties and ░░░░░░░░ out ways around the ░░░░░░░░ S Sanctions this mixing ░░░░░░░░ oil with Iranian oil ░░░░░░░░ people can track the ░░░░░░░░ is a real issue ░░░░░░░░ Russia s making more ░░░░░░░░ more revenue from it ░░░░░░░░ the fact that the ░░░░░░░░ is one of the ░░░░░░░░ performing currencies of the ░░░░░░░░ is telling so the ░░░░░░░░ working we re not ░░░░░░░░ sure yet but we ░░░░░░░░ they re doing their ░░░░░░░░ to work their way ░░░░░░░░ them We know at ░░░░░░░░ point the sanctions have ░░░░░░░░ you know what was ░░░░░░░░ U K means that ░░░░░░░░ U K are country ░░░░░░░░ the U K in ░░░░░░░░ cutting themselves off from ░░░░░░░░ and that kind of ░░░░░░░░ supply and there s ░░░░░░░░ big question what that ░░░░░░░░ for for those countries ░░░░░░░░ know come this winter ░░░░░░░░ that point what s ░░░░░░░░ outlook on energy markets ░░░░░░░░ the U K and ░░░░░░░░ Over the next few ░░░░░░░░ We ll have to ░░░░░░░░ if they re able ░░░░░░░░ hold the line and ░░░░░░░░ completely independent from Russian ░░░░░░░░ We believe that they ░░░░░░░░ but it might be ░░░░░░░░ times for some of ░░░░░░░░ citizens of those countries ░░░░░░░░ s really this is ░░░░░░░░ Biden keeps saying is ░░░░░░░░ s time that for ░░░░░░░░ populations to dig deep ░░░░░░░░ well to support the ░░░░░░░░ which is This war ░░░░░░░░ Ukraine and how can ░░░░░░░░ help the west prevailed ░░░░░░░░ unfortunately it will continue ░░░░░░░░ wait and see game ░░░░░░░░ on the war in ░░░░░░░░ want to get your ░░░░░░░░ on also on another ░░░░░░░░ that we re following ░░░░░░░░ in France The French ░░░░░░░░ is using artificial intelligence ░░░░░░░░ find thousands of undeclared ░░░░░░░░ pools This isn t ░░░░░░░░ uses AI to pick ░░░░░░░░ the outlines we ll ░░░░░░░░ an aerial image which ░░░░░░░░ then kind of cross ░░░░░░░░ against official property databases ░░░░░░░░ 20 000 and declare ░░░░░░░░ have already been discovered ░░░░░░░░ officials began using the ░░░░░░░░ in October of last ░░░░░░░░ Officials have collected close ░░░░░░░░ about 10 million dollars ░░░░░░░░ additional tax revenue from ░░░░░░░░ French regions the software ░░░░░░░░ by Google and consulting ░░░░░░░░ cap gemini is set ░░░░░░░░ roll out across the ░░░░░░░░ Do you think we ░░░░░░░░ see the software be ░░░░░░░░ in other cases more ░░░░░░░░ because it does seem ░░░░░░░░ be affected at least ░░░░░░░░ now for the French ░░░░░░░░ maybe not for the ░░░░░░░░ people Absolutely this is ░░░░░░░░ great example of new ░░░░░░░░ knowledge e solving age ░░░░░░░░ problems it s one ░░░░░░░░ people aren t so ░░░░░░░░ about because they were ░░░░░░░░ to avoid taxes But ░░░░░░░░ re going implement more ░░░░░░░░ more technologies ensure that ░░░░░░░░ t happen because now ░░░░░░░░ governments are getting desperate ░░░░░░░░ need the capital look ░░░░░░░░ the U S They ░░░░░░░░ adding 87 000 IRS ░░░░░░░░ because they actually need ░░░░░░░░ increase their revenue So ░░░░░░░░ countries get desperate desperate ░░░░░░░░ are taken And again ░░░░░░░░ s that the taxes ░░░░░░░░ going to go up ░░░░░░░░ a lot of people ░░░░░░░░ these loopholes are going ░░░░░░░░ be closed Anytime I ░░░░░░░░ a story involving a ░░░░░░░░ technology like this while ░░░░░░░░ does have a proven ░░░░░░░░ to it there s ░░░░░░░░ the concern around privacy ░░░░░░░░ you look at this ░░░░░░░░ of and that level ░░░░░░░░ concern around 5 as ░░░░░░░░ exists and may pessimism ░░░░░░░░ AI what are your ░░░░░░░░ there The technology is ░░░░░░░░ going to advance and ░░░░░░░░ us to do new ░░░░░░░░ and greater things take ░░░░░░░░ block chain for example ░░░░░░░░ s truly going to ░░░░░░░░ the way the world ░░░░░░░░ business However technology is ░░░░░░░░ a tool it s ░░░░░░░░ to the people to ░░░░░░░░ it for good or ░░░░░░░░ bad so what s ░░░░░░░░ outcome of AI is ░░░░░░░░ to be ordinary benefits ░░░░░░░░ it But of course ░░░░░░░░ people are going to ░░░░░░░░ it for negative things ░░░░░░░░ the good outweighs the ░░░░░░░░ All right we will ░░░░░░░░ and we re going ░░░░░░░░ put break in and ░░░░░░░░ you back coming up ░░░░░░░░ U S And China ░░░░░░░░ new agreement may be ░░░░░░░░ the grace of be ░░░░░░░░ saving grace for Chinese ░░░░░░░░ Well well news and ░░░░░░░░ when opening bell returns ░░░░░░░░ is Chad her celebrating ░░░░░░░░ representation and inclusion in ░░░░░░░░ with today s leaders ░░░░░░░░ shining a light on ░░░░░░░░ women for making strides ░░░░░░░░ their industries when breaking ░░░░░░░░ own ceiling talented driven ░░░░░░░░ leading with a purpose ░░░░░░░░ goal is really to ░░░░░░░░ women in the midst ░░░░░░░░ their careers and power ░░░░░░░░ another highly competitive here ░░░░░░░░ we ve been seeing ░░░░░░░░ over the last few ░░░░░░░░ Tune in to check ░░░░░░░░ fridays at 10 30am ░░░░░░░░ time New York is ░░░░░░░░ for a lot of ░░░░░░░░ things Well they got ░░░░░░░░ empire state building grand ░░░░░░░░ terminal the hustle and ░░░░░░░░ long but it s ░░░░░░░░ known for. ♪