1 00:00:00,200 --> 00:00:02,400 Speaker 1: Now in France, Catherine Field, very good morning to you. 2 00:00:03,040 --> 00:00:03,800 Speaker 2: Good morning mate. 3 00:00:04,000 --> 00:00:06,040 Speaker 1: Very ugly on the stock market, but I think from 4 00:00:06,040 --> 00:00:08,360 Speaker 1: what we're seeing this morning, it might settle a little 5 00:00:08,400 --> 00:00:10,920 Speaker 1: bit today. And yet G seven ministers have been meeting, 6 00:00:10,960 --> 00:00:11,560 Speaker 1: so it's all go. 7 00:00:12,840 --> 00:00:16,000 Speaker 2: It is a very volatile day on the stock markets. 8 00:00:16,040 --> 00:00:18,040 Speaker 2: You know, stock markets were down, but you're not done. 9 00:00:18,040 --> 00:00:21,040 Speaker 2: A lot of a bit across the board, less than 10 00:00:21,079 --> 00:00:25,440 Speaker 2: one percent, oil prices surging, oil still above one hundred 11 00:00:25,480 --> 00:00:29,160 Speaker 2: dollars a barrel. Yeah, we had the G seven Finance 12 00:00:29,200 --> 00:00:33,640 Speaker 2: minister's meeting, never meeting to discuss the possible release of 13 00:00:33,800 --> 00:00:38,080 Speaker 2: stockpiles of oil. Now, let's not forget that European Union 14 00:00:38,120 --> 00:00:41,400 Speaker 2: in particular obliges all its nations to have ninety days 15 00:00:41,440 --> 00:00:46,120 Speaker 2: emergency stocks of oil. There wasn't an idea that by 16 00:00:46,159 --> 00:00:49,720 Speaker 2: releasing these it would stabilize the market, but they decided 17 00:00:49,880 --> 00:00:53,159 Speaker 2: against that for the time being. So all eyes will 18 00:00:53,159 --> 00:00:56,760 Speaker 2: then be on here in parents on Tuesday, when there's 19 00:00:56,800 --> 00:01:00,200 Speaker 2: going to be again a meeting on the sidelines of 20 00:01:00,280 --> 00:01:04,200 Speaker 2: an energy conference that's going on here. G seven energy 21 00:01:04,200 --> 00:01:07,280 Speaker 2: minasis will be meeting to decide whether they're going to 22 00:01:07,560 --> 00:01:11,440 Speaker 2: again release those stockpiles, so you keep an eye on that. 23 00:01:11,480 --> 00:01:14,280 Speaker 2: One might because there is a lot of oil. The 24 00:01:14,319 --> 00:01:18,480 Speaker 2: Americans are really pressuring the Europeans to release those reserves 25 00:01:18,640 --> 00:01:21,280 Speaker 2: as we're starting to see prices at the pump really 26 00:01:21,440 --> 00:01:21,760 Speaker 2: edge up. 27 00:01:21,840 --> 00:01:23,640 Speaker 1: Yeah, I can't work out what you guys are more 28 00:01:23,640 --> 00:01:25,680 Speaker 1: worried about. I mean, obviously oil is an issue for 29 00:01:25,720 --> 00:01:28,160 Speaker 1: everyone around the world, but I think gases through the roof, 30 00:01:28,200 --> 00:01:29,480 Speaker 1: isn't it? 31 00:01:29,480 --> 00:01:32,360 Speaker 2: It is going through the roof. But on the one hand, 32 00:01:33,160 --> 00:01:36,200 Speaker 2: we've had the Ukraine War for a long time going on, 33 00:01:36,480 --> 00:01:40,880 Speaker 2: and in the past the LNG France meticular is buying 34 00:01:40,920 --> 00:01:43,399 Speaker 2: that from the Russians, so they've resource now and they 35 00:01:43,400 --> 00:01:46,319 Speaker 2: buy a lot of that from the Norwegians, so it 36 00:01:46,440 --> 00:01:50,440 Speaker 2: is going up. But they're not as badly squeezed as 37 00:01:50,440 --> 00:01:52,680 Speaker 2: say when it comes to oil. When it comes to 38 00:01:53,120 --> 00:01:55,440 Speaker 2: looking at what's going through the Strait of hor moves. 39 00:01:55,280 --> 00:01:58,000 Speaker 1: What's the vibe on Macron? Because I'm looking at Starmar 40 00:01:58,040 --> 00:02:00,200 Speaker 1: and he seems anep to me. But Macron's out He's 41 00:02:00,200 --> 00:02:03,120 Speaker 1: supposedly allegedly has been in Cypress or As and Cypress, 42 00:02:03,120 --> 00:02:04,800 Speaker 1: and he's out there. And then you've got some some 43 00:02:04,840 --> 00:02:07,000 Speaker 1: of your ships moving and he's talking about opening up 44 00:02:07,000 --> 00:02:09,760 Speaker 1: the straight up the moose with some military escorts. Is 45 00:02:09,800 --> 00:02:13,360 Speaker 1: he reading this well and this will play well for him? 46 00:02:13,880 --> 00:02:17,359 Speaker 2: Oh, it will play enormously well for him. Let's not forget. 47 00:02:17,600 --> 00:02:21,519 Speaker 2: France has got probably the strongest and the only nuclear 48 00:02:22,440 --> 00:02:26,480 Speaker 2: armed military in Europe. So he's got a lot, He's 49 00:02:26,480 --> 00:02:28,280 Speaker 2: got a lot in the cupboard that could be used. 50 00:02:28,760 --> 00:02:30,639 Speaker 2: Just in the last couple of hours he has been 51 00:02:30,680 --> 00:02:34,800 Speaker 2: on board that French aircraft carrier then nuclear powered child 52 00:02:34,960 --> 00:02:37,920 Speaker 2: Gaul and of course that is in the East Mediterranean, 53 00:02:38,040 --> 00:02:41,600 Speaker 2: it is nearby to Crete. It is not just that 54 00:02:41,680 --> 00:02:44,120 Speaker 2: an aircraft carrier, as we all know, it is a 55 00:02:44,200 --> 00:02:47,320 Speaker 2: strike group which has also got other frigates alongside it. 56 00:02:47,360 --> 00:02:50,160 Speaker 2: Now in Spain has sent some frigates Italy and of 57 00:02:50,160 --> 00:02:53,320 Speaker 2: course the Dutch. What he's saying is, and it's pretty 58 00:02:53,360 --> 00:02:56,399 Speaker 2: much what all of the Europeans are saying, is that 59 00:02:56,480 --> 00:03:01,000 Speaker 2: they are just there to protect their interest, their assets, 60 00:03:01,040 --> 00:03:03,760 Speaker 2: to protect their citizens. I mean, if we look for 61 00:03:03,800 --> 00:03:07,640 Speaker 2: example at Emmanuel Macrar, he spoke yesterday with the Uranian 62 00:03:07,639 --> 00:03:10,160 Speaker 2: president and he said, look, we're not joining in with 63 00:03:10,320 --> 00:03:13,480 Speaker 2: Israel and America on this. We are at the sidelines. 64 00:03:13,520 --> 00:03:16,799 Speaker 2: We will defend our allies, we'll defend our assets in 65 00:03:16,840 --> 00:03:20,680 Speaker 2: the era, but we're not getting involved. So let's not forget. 66 00:03:20,680 --> 00:03:25,160 Speaker 2: France also has security arrangements with other areas that in 67 00:03:25,200 --> 00:03:27,760 Speaker 2: the goal of your golf states, and let's not forget. 68 00:03:27,840 --> 00:03:31,240 Speaker 2: He was in Cypress, which was your attack last week, 69 00:03:31,320 --> 00:03:33,520 Speaker 2: so he's saying that when it comes to straight upon this, 70 00:03:33,800 --> 00:03:35,640 Speaker 2: he was a little bit more pulling back a bit 71 00:03:35,680 --> 00:03:38,760 Speaker 2: on that. He was saying, only when everything settles down. 72 00:03:39,280 --> 00:03:41,000 Speaker 2: He wasn't saying, you know, we're going to go in 73 00:03:41,040 --> 00:03:42,720 Speaker 2: there next week, We're going to make sure that all 74 00:03:42,760 --> 00:03:46,000 Speaker 2: the oil gets flown out. He was very clear saying 75 00:03:46,000 --> 00:03:49,240 Speaker 2: it would be a European force and only once everything 76 00:03:49,320 --> 00:03:49,880 Speaker 2: comes down. 77 00:03:50,000 --> 00:03:53,400 Speaker 1: I know, one shot down, another missile over into you know, 78 00:03:53,480 --> 00:03:55,960 Speaker 1: Eurozone territory of two because she is space over as 79 00:03:55,960 --> 00:03:58,720 Speaker 1: you're worried that this thing could spread geographically. 80 00:03:59,320 --> 00:04:02,240 Speaker 2: It is is worried, not so much that you know 81 00:04:02,320 --> 00:04:05,000 Speaker 2: obviously of course Turkey and Native remember there is a 82 00:04:05,080 --> 00:04:08,560 Speaker 2: concern that everyone has to go and defend Turkey. What 83 00:04:08,640 --> 00:04:12,480 Speaker 2: they are concerned about are attacks here in Europe that 84 00:04:12,480 --> 00:04:15,560 Speaker 2: would be carried out by proxies for Iran. So Let's 85 00:04:15,560 --> 00:04:17,799 Speaker 2: just look at the last couple of days, US embassy 86 00:04:17,839 --> 00:04:21,360 Speaker 2: and Oslo, Norway was hit by an explosion. Police say 87 00:04:21,400 --> 00:04:25,400 Speaker 2: that's possible terror motive there. And then what early Monday 88 00:04:25,600 --> 00:04:28,680 Speaker 2: in the eastern Belgian city of Liege there was an 89 00:04:28,720 --> 00:04:32,000 Speaker 2: attack on a synagogue there. No one was injured or killed, 90 00:04:32,000 --> 00:04:35,160 Speaker 2: but of course you're seeing that and just wandering around 91 00:04:35,200 --> 00:04:37,920 Speaker 2: Paris today you do notice a lot more security. It's 92 00:04:38,040 --> 00:04:42,039 Speaker 2: not just transport, hubs and churches and synagogues, so you 93 00:04:42,240 --> 00:04:45,880 Speaker 2: just feel that everyone is there really wondering is there 94 00:04:45,920 --> 00:04:48,000 Speaker 2: going to be another attack here sometime soon. 95 00:04:48,200 --> 00:04:50,280 Speaker 1: It's an edgy old world. Does not Casin appreciate it 96 00:04:50,440 --> 00:04:50,760 Speaker 1: very much. 97 00:04:51,279 --> 00:04:54,160 Speaker 2: For more from the Mic Asking Breakfast, listen live to 98 00:04:54,279 --> 00:04:54,839 Speaker 2: news talks. 99 00:04:54,839 --> 00:04:58,039 Speaker 1: It'd be from six am weekdays, or follow the podcast 100 00:04:58,080 --> 00:04:58,960 Speaker 1: on iHeartRadio.