US Snow Storm Disrupts Flights, Travel & Power | The Pulse 1/26

European natural gas prices extended their year-to-date rally to around 50% as liquefied natural gas export capacity from the US declined on the back of a massive winter storm. An Arctic blast cut nearly 10% of US production and drove up heating demand, adding to a jump of as much as 19% in the country’s natural gas contracts as traders were caught off guard by the scale of the disruptions in key export hubs such as Louisiana. European futures tracked US gains, with unseasonably cold conditions expected in northern parts of the region during the next two weeks.

Today’s guests: Ursula Marchioni, EMEA Head of Investment and Portfolio Solutions, BlackRock; Mujtaba Rahman, Europe Managing Director, Eurasia Group; Huw van Steenis, Partner and Vice Chair, Oliver Wyman.
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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.

Chapters:
00:00:00 – The Pulse with Francine Lacqua
00:00:21 – Shutdown risk rises over threat to block DHS funds
00:01:08 – US Politics Roundtable: BlockRock’s Ursula Marchioni & Bloomberg’s Stephanie Baker
00:12:18 – Chinese President Xi’s military purge deepens
00:14:30 – UK hopes to reinvignorate China business ties
00:15:07 – Mujtaba Rahman, Eurasia Group Europe Managing Director
00:23:37 – Monday headlines
00:24:18 – Yen’s strength weighs on exporters
00:27:58 – Huw Van Steenis, Oliver Wyman Vice Chairman
00:35:35 – Winter storm hits US East coast
00:36:55 – Storm cancels thousands of US flights
00:38:37 – US Nat gas hits $6 for the first time since 2022
00:42:53 – Ryanair
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