she used it to attack her coalition partners — the centre left spd — and the party on the rise in the polls. here's some of the attack. translation: citizens of the choice, even for a government that accepts, one that is not excluded. i am only telling the truth. or a federal government led by the cdu and csu with them as chancellor. die linke party that mrs merkel refers to there is far left — and the democratic descendant of the communist party which governed old east germany. and as all parties know, there will be a coalition government after this election. die linke is offering itself as a would—be coalition partners with the social democrats, the spd, and the greens. mrs merkel is keen to warn voters of what she sees as the risks that would involve. she's also seeking to to present her own party's candidate — this man, armin laschet — as a stable leader for germany. translation: it's also about tangible economic and fiscal considerations which will define the future of this country, the numbers ofjobs and are common prosperity. that is why, ladies and gentlemen, the best

the german spd leader and the likely new chancellor in germany, olaf scholz, says, "the free movement of labour is part of the european union. "we worked hard to convince the british "not to leave the european union. "they decided differently, and i hope they "will manage the problems coming from that." pleasure to answer to your questions, but i managed the negotiation for four years, and there was never any kind of spirit of revenge, any kind of spirit of punishment. i have a lot of respect for the uk. but i don't want to make any politics. objectively, mechanically, i always said during these four years at each and every press point in london or in brussels that that brexit has so many consequences. generally underestimated. generally, they were badly explained to the british people. and one of these consequences is the end of the freedom of movement decided by the british government and the rebuilding of control for all the extensions. you say you don't want to speak in punishing terms about the british, but in your new book, my secret brexit diary — you were writing every day â

the german spd leader and the likely new chancellor in germany, olaf scholz, says, "the free movement of labour is part of the european union. we worked hard to convince the british not to leave the european union. they decided differently, and i hope they will manage the problems coming from that." pleasure to answer to your questions, but i managed the negotiation for four years, and there was never any kind of spirit of revenge, any kind of spirit of punishment. i have a lot of respect for the uk. but i don't want to make any politics. objectively, mechanically, i always said during these four years at each and every press point in london or in brussels that that brexit has so many consequences. generally underestimated. generally, they were badly explained to the british people. and one of these consequences is the end of the freedom of movement decided by the british government and the rebuilding of control for all the extensions. you say you don't want to speak in punishing terms about the british, but in your new book, my secret brexit diary — you were writing every day — i

is too close to call, with polls putting the centre—right almost neck and neck with the centre—left spd. mrs merkel has dominated german politics for 16 years as chancellor. now it's time for a look at the weather with matt taylor. most m ost pla ces most places will be dry and with some sunshine breaking through parts of central and eastern areas will see temperatures of 20 to 2a celsius, 56 celsius above where we should be. i humid feel with southerly winds are strengthening tonight, meaning more breaks in the cloud. 0ne tonight, meaning more breaks in the cloud. one or two shall proceed in there, the odd heavy one towards the west but most places will be dry into tomorrow morning but temperatures in the mid teens. as for tomorrow, a sunnier day through parts of scotland, england and wales, only a few isolated showers. 0ne wales, only a few isolated showers. one or two replaced by longer spells of rain into northern ireland in western scotland. that will bring around a change in the seasons, 22 to 24 around a change in the seasons, 22 to 2a celsius increase in england. mid teens as we

the spd, like other social democratic parties in europe, have been suffering. they were the junior partner of merkel. nobody expected them to poll so well. currently, they are leading. it is a much tighter margin, this is because of the... so it is split? yes, it is because the finance minister, the candidate, he presents himself... stefanie, we are going to have to leave it there. to stefanie and latika and david, thank you very much. goodbye. hello. whether you've got sunshine or gloomy skies, it's a particularly warm day for late september. the low cloud across southern and western areas and around hell is on course to make it quite misty in places and drizzly, but most places will be dry and with sunshine breaking through, temperatures of 20 to 2a celsius, 56 celsius above where we should be at this stage. i humid feel with more breaks in the cloud. the odd heavy one towards the west but most places will be dry and tomorrow morning but temperatures in the mid teens. tomorrow, a sunny day through parts of scotland, england and wales, only a few isolated show

the spd, like other social democratic parties in europe, have been struggling. nobody expected them to poll so well. currently, they are leading. it is a much tighter margin, this is because of the... it is because the finance minister, the candidate, he presents himself... stefanie, we are going to leave it there. a good point. to stefanie and latika and david, thank you very much. goodbye. we have quite a big change on the way in our weather, something cooler and more unsettled through the week ahead. make the most of today if you like warm weather because it is another one of those days temperatures will be above where they should be for the time of year. a lot of dry weather around — but rain moving into the west thanks to this stripe of cloud on the satellite picture. this is a frontal system bringing rain into northern ireland. initially that rain will push eastwards and behind this front, a cold front, we change the air mass, we change the feel of the weather and lose the orange colours and get the yellow and then the blue shades and things will turn ma

the traffic lights is led by olaf scholz, and the spd. if you were to ask me that question, i would say, looking at everything that has happened over the past 24 hours, it is looking like it is the traffic lights coalition gaining momentum. yesterday, olaf scholz gave an interview saying i am confident that the talks will be successful. i am optimistic. there was also a poll that showed 56 percent of germans ask the question who would you rather be the next chancellor and they responded olaf scholz. i also want to note that in the past 24 hours, the campaign is really collapsing quickly before our eyes. he is facing a lot of the internal criticism. a lot of members blame him for that disaster performance on sunday and built the most read newspaper in germany, very close to the cdu. that's really set the opinion going in germany with very critical of him yesterday, saying that he needs to wake up to reality. he does not have a mandate and he looks like a wounded soldier. that is not the type of person that needs to lead germany. francine:

and a lot of this feeds into the idea that this is the spd and olaf scholz's debate to lose -- alexion to lose. one line caught my attention -- armin laschet said if my finance minister behaved like this -- that would be a problem. he also made reference to the cum-ex scandal which has close ties to hamburg. the other issue that armin laschet kept on going about was this red scare. a coalition that would see olaf scholz joining forces with the radical left. until now, none of this is resonating in the numbers with the german public. but also come in the opinion poll conducted after the debate, armin laschet did seem to win some ground. his public opinion did increase. until now, it is been armin laschet on the back foot at the sentiment is changing to coming much more aggressive in the final two weeks of this campaign. francine: there was a third person on the stage. are they needed to form a coalition if olaf scholz becomes a chancellor? maria: they are needed in whatever way the government turns. it is interesting. annalena baerbock was on the stage. the setting of the debate was tel

our top story this our — provisional results from germany's elections show the centre—left spd have narrowly won the biggest share of the vote. but can they form a government? it wants to natanz negotiations involving several parties, the whole of europe waits to see the shape of the new coalition. and i'm sally bundock in london. also in the program— concerns continue over the uk's fuel supplies as government ministers consider asking the army to step in. seeking refuge — a special report from albania which has opened its doors to those fleeing afghanistan. and a huge win for the united states in golf�*s

one could be the traffic lights coalition with the spd and the greens. he said tax hikes is a no vote. when it comes to the debt, he said we needs to invest in this country but we should not take on major debt. one of the things this says is the coalition talks after the election will be incredibly complicated. there are many options on the table but is issue is that do not go together. we have three parties joining together makes it incredibly complicated. going back to the paul lang with the -- going back to the polling, that is a horrible result for angela merkel and armin laschet. this could go both ways. a center-right and centerleft government, and i wonder how much has fed into the markets and the perceptions going into the election. tom: a terrible number for angela merkel, and the potential messiness of negotiations after the vote. now to the u.s. were democrat joe manchin is demanding a pause on president biden's economic agenda that could endanger the white house's $3.5 billion spending plan. how significant is joe manchin's threat? >> he is a

the polls, first the greens, then angela merkel�*s cdu, and then until today, lead by the centre—left spd, 0laf scholz. the race is between 0laf scholz. the race is between 0laf scholz and the conservative candidate, armin laschet. those two are neck and neck at the moment, so difficult to say which of those two will really step into angela merkel�*s choose. but they will have to cobble together a coalition with two extra parties, so we will look at an election result today which will give us a fair idea of who might be chancellor, but we won't know very much about who will be in that government because we will have negotiations after that other coalition, so it'll be a tight race today and quite a long complicated negotiation period later on. first result tonight but don't to see what the government will look like straightaway, that'll take a while. now we will talk to the chief political editor of germany's public funded broadcaster. thank you for joining us. 16 years as chancellor angela merkel, there will be people in germany who do not remember much else other than having her has c

the centre—left spd in germany celebrates as early projections suggest it is marginally ahead in a tight election. do you stand by your remarks? are the tories scum? i do you stand by your remarks? are the tories scum?— the tories scum? i think boris johnson the tories scum? i think boris johnson is _ the tories scum? i think boris johnson is a — the tories scum? i think boris johnson is a racist, _ the tories scum? i think boris| johnson is a racist, misogynist the tories scum? i think boris i johnson is a racist, misogynist ? labour's deputy leader angela rayner causes controversy with her language, while sir keir starmer persuades the annual conference to back his overhaul of party rules. and the us clinch victory in the ryder cup after a dominant display against europe. good evening. there are warnings tonight that many petrol stations have run dry after days of queues at pumps. the petrol retailers association says that more than half of its members' forecourts have run out of fuel. the transport secretary grant shapps insists there is no shortage of fuel the crisis came after a

key allies of angela merkel�*s party have conceded that the spd pot luck schultz is the best chance of becoming germany's next chancellor, putting the conservatives on the brink of sitting on the opposition benches. russian prosecutors have opened a new criminal case against the jailed opposition activist alexei navalny, saying his anti—corruption foundation anti—corru ption foundation constituted an anti—corruption foundation constituted an extremist community aimed at discrediting the state authorities. his foundation investigated high—level corruption and broadcast a documentary about a palace on the black sea supposedly owned by president putin. i want to bring you this story now. the personal impact of gun violence in the united states is going on display with a memorial at the national building museum in washington. the exhibition comprises four glass houses built with 700 bricks, representing the number of people killed in the us by guns every single week. the display is a collaboration of artist hank willis thomas and the massive design group. the bbc sat down with the

what are the key changes we may see come into effect if we end up with an spd-led government under the current finance minister olaf scholes? >> the polls have clearly switched in the direction. i think it is pretty clear that scholes is now the front-runner to be the next chancellor. we think all of the parties are taking keen issue in climate issues the greens are pushing this more than others but i don't think that's the major area of disagreement i think the biggest shifts we should look for is on public investment the sort of center left leaning coalitions are probably going to push more for that the greens have been quite vocal about big expansion of public investment then of course we think the overall stance is going to be more expansionary under center left than center right and probably implies bigger deficit. lastly, there's probably going to be more flexibility on questions of eu wide fiscal policy under a coalition that involves the green than under the current government i would say those are probably the main factors and i think bottom line is that the german fiscal land

the final television debate of the german election, the spd leaders narrowing. it was the last big opportunity for candidates to make their cases. the ceo of agricultural giant cargo says soaring food prices will prove transitory and should this up eight in time. david mclennan told bloomberg, supply was being disrupted by labor supports is -- labor shortages to the impacts of climate change. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i am ritika gupta. this is bloomberg. ♪ >> numerous other variants, delta is still the variants of concern that we have our eye on. other variants seem to have higher transmissibility but we don't know if they will result in increased deaths or hospitalizations or consumption of resources. jonathan: good morning, alongside kailey leinz and lisa abramowicz, i am jonathan ferro. coming into friday on positive territory. with all the china jitters, let's talk about the china jitters and get to bitcoin. bitcoin is down five percentage p

the spd's olaf scholz cuts a mandate to lead after the election. the u.k. steel crisis continues with 90% of stations apparently running dry. ministers met this morning with boris johnson, there are discussions about bringing the army in, there are industry discussions taking place this afternoon. paul starr agreed to go public in a deal that would give the bank it $20 billion valuation. the company ceo will -- ceo will join us.

question of not only what policies come into play and how aggressive they are when it comes to the spd who wants 50 million ev's on german roads by 2030. then you have already set are more of this and to ban diesel and petrol. this is something that the car industry itself in germany is committed to changing. it might be a question of how far politics want to push them in that direction. guy: huge investments are being made. let's talk about where we are with the politics. the number seem to get worse and worse on an almost daily basis. the sbc looks like it is moving ahead. merkel is backing that today. is there anything she can do at this late stage? three weeks to go and the numbers are getting worse and worse. aggi: yes, in her last speech in this legislative period, she made it clear that she but lashing with the best chance to look for germany, given he is the natural successor of her party. she also called out her own -- and his unwillingness to form a coalition with the left party. it does not seem to be knocking the polls which is seeing the social democrats on the rise. they

the spd currently leads by a small margin but results are not yet final. their leader olaf scholz says his party has a clear mandate to rule but how different are the economic policies of the two parties and what does the results mean for europe's biggest economy and for businesses based there? i'm joined by the chief economist as ehrenberg. good morning, holder. in a nutshell, what does this new government, and we're looking at a coalition, of perhaps three parties, what will it mean for europe biggest economy? will it mean for europe biggest econom ? will it mean for europe biggest economy?— will it mean for europe biggest econom ? ., , economy? good morning, sally. we are indeed _ economy? good morning, sally. we are indeed looking _ economy? good morning, sally. we are indeed looking at - economy? good morning, sally. we are indeed looking at a i we are indeed looking at a coalition of three parties but we do not get to know which coalition it will be, the social democrats are ahead but it is at least possible that the runner—up, local�*s christi

they will be the kingmaker for the spd. tom: i am confused, like i was yesterday. can we admit that yesterday and this weekend was magical for global sports? what i loved was the angle of the sun and just the beauty of it. jonathan: i love that you skip from german politics strata soccer. dressed strata -- strata -- tom: this tops it all. this gentleman is 87 years old. this guy was a mediocre pro ballplayer and he has become beloved starting with the iconic ad of the 1970's for miller lite. go watch it. you will love it. iconic with the milwaukee brewers. he goes out of throughout the first pitch using a pitch machine. that is classic. jonathan: that is what i would do as well. i saw one of the first pitches recently from an m&a fighter -- mma fighter, and it was shocking. to avoid that, i probably would use the machine too. tom: we have to sit down and watch a miller lite commercial so i can explain how this guy completely took america and the 1970's with a 32nd spot. jonathan: we have not watched a baseball game together. what happened with the red sox? -- tom:

which would essentially mean he would go into coalition with the conservatives and the greens above the spd, and essentially no longer would he be willing to support the social democrat leader, or at least he would not say this about histy that he has the most alliance with. on the other side, we see the een candidate, who at the last debate seemed to be very much in line, was unwilling to put her cards on the table. tom: great stuff. thank you very much for the update there in berlin ahead of that boat, that important election in germany sunday. bloomberg will be covering the election live. let's take a look then at the key events that markets are watching today. 9:00 a.m. u.k. time, we will get insights into germany's recovery with the ifo survey. at 3:00 p.m., we will hear from jerome powell as well as richard clarida. at 3:00 p.m., more data. the u.s. recovery with new-home sales figures. yields jumped as central banks tighten their outlook. up next, we discussed the latest market moves with edward park from brooks and donnell asset management. stay with us. this is bloomberg. ♪ tom:

mrs merkel initially stood aside from the campaign, but has played a more active role after the spd overtook her christian democrats in the opinion polls. let's go live to the bbc�*s ros atkins who's in potsdam, where a town hall event held by mr scholz has been taking place. i thing we will find out tomorrow night. it has been interesting that she has largely stood to the side and allowed the next candidate to do his own think that the polls have suggested that may not be enough so we have had these interventions from angela merkel, but despite that, all of the polling is putting the social democrats at the top at the moment. that is remarkable. the social democrats were languishing a couple of months ago in third but the candidate and his colleagues have seen their polling improve a great deal and a lot of it has been built around this style of politics that he is offering, very, and measure land in his words stable. he basically is saying that i am from a different party but you can expect to similar style of politics to the one you have had from angela merkel because all of these candi

is too close to call, with polls putting the centre—right almost neck and neck with the centre—left spd. mrs merkel has dominated german politics for 16 years as chancellor. now it's time for a look at the weather with matt taylor. most m ost pla ces most places will be dry and with some sunshine breaking through parts of central and eastern areas will see temperatures of 20

the german spd leader and the likely new chancellor in germany, olaf scholz, says, "the free movement of labour is part of the european union. we worked hard to convince the british not to leave the european union. they decided differently, and i hope they will manage the problems coming from that." will manage the problems coming from that- "— from that." pleasure to answer our from that." pleasure to answer your questions, _ from that." pleasure to answer your questions, but _ from that." pleasure to answer your questions, but i _ from that." pleasure to answer your questions, but i managed| your questions, but i managed the negotiation for four years, and there was never any kind of spirit of revenge, any kind of spirit of revenge, any kind of spirit of revenge, any kind of spirit of punishment. i have a lot of respect for the uk. i don't want to make any politics. objectively, mechanically, i always said during these four years at each and every press point in london or brussels that brexit has so many consequences. generally underestimated. generally, they were badly explained

he made it clear he wants to see a government in place led by the spd before christmas. the bad results are really beginning to trickle down for the cdu. also facing a lot of criticism from a newspaper that shapes public opinion in germany. yesterday, it was brutal. it kept repeating he needs to wake up to reality, the cdu is not in a position to form a government. then we headed public opinion survey that came out, 56% of germans would prefer olaf scholz to be the next chancellor. you can see where the narrative is. it will be very difficult. i would really say it is the traffic lights coalition that is really gaining traction right now in germany. very briefly, we know that christian lennar will be having bilateral talks with the greens. they say they need to agree to a common agenda between the two of them before they can speak to olaf scholz. dani: great catching up with you. that is maria tadeo staying on top of the german election. get to the first word news with juliette saly. >> a pivotal trade meeting between the u.s. and the eu this week will be narrower in sco

those polls also piont to the spd candidate 0laf scholz as the current frontrunner to replace chancellor angela merkel, with a narrow lead. here's our europe editor, katya adler. a mass protest—cum—street party rallied outside parliament today to call attention to the climate crisis. it is a big election issue here. angela merkel has done a terrific job in bringing the climate change to the agenda, but i think there are limits to what she was able to do. i hope there will be a change, a more green change. of course, there's the potential for germany to take a dramatic new direction after 16 years of angela merkel, and that would be felt here and abroad. this is the eu's most influential country. but in the end, most germans are stability—hungry, so the calls for radical change, while loud, are limited. what we are probably looking at here is change, but with a small c. these are the frontrunners to replace angela merkel. a social democrat the current favourite in polls, a conservative, and trailing behind, the green party candidate. all their campaigns have been exceptionally lowâ€

ros atkins is in potsdam for us, at a town hall meeting held by the spd candidate 0laf scholz. high. you join me wear as we see german democracy in action because one of those candidates who would like to replace angela merkel is doing a town hall here in a square ljy doing a town hall here in a square by supermarketjust over here. you can just about spot through the crowd and he is taking questions from people gathered here. he is the leader of the social democrats, they're on the centre—left of the german political spectrum. at the moment there in the lead by the not ljy moment there in the lead by the not by much in the polls. they were third going back a couple of months' time. we watching very closely to see how all the candidates make their pitch to replace angela merkel because they all acknowledge she is a titan of german politics, she shaped german politics really the last 16 years, is all of them have to step out of her shadow and try to create a vision of what they will do with germany if they in charge. thank you, ross. a book of condolence has been opened in sout

the spd and the greens repeatedly say they want more social justice in the everyday lives of germans, and then you have the likes of this new but also -- the cdu. the liberals saying they need to protect this industry. it is at a moment of big change and they will have to be kind of helped into this big transition going forward, especially when you look at the green transition and the deadlines on the horizon , coming in from the european union. it is one of the big topics in the election alongside climate, which is the perennial issue in the german public bay. tom: those factors playing into the all-important general election. maria tadeo on the ground for us in berlin. thank you. let's get the picture for the car industry. maria touched on the importance of the auto industry. that's get our editor, craig -- let's get our editor, craig, for more on this. why are they so pessimistic about the chip shortage? craig: it is a case of being snaked at once, twice, three times. we started this year with expectations that there was going to be a serious issue in terms of supply not meeting de

the centre—left spd in germany celebrates as early projections suggest it's marginally ahead in a tight election. do you stand by your remarks, are the tories scum? labour deputy leader angela rayner causes controversy with her language — while sir keir starmer persuades the annual conference to back his overhaul of party rules. hello and welcome to a look ahead to what the papers will be us tomorrow. with me orjames moore, chief business commentator for the independent. and benedicte paviot, the uk correspondent at france 24. hello the uk correspondent at france 24. to you both. a through hello to you both. a quick look through ourfront pages. hello to you both. a quick look through our front pages. we will start with the metro which calls for the transport secretary, to tell people to stop panic buying petrol and diesel. 0n the same story, the guardian says the government might use the military to deliver fuel across the country. the same line, ministers are set to discuss the plans tomorrow. the daily mirror claiming the prime minister was warned of the hgv driver crisis injune, bu

mainly, that there will be a very strong result for the spd. and that the citizens give me the mandate to become the next chancellor of the federal republic of germany. >> now, of course, all the three main candidates do want that mandate. but one thing that is very clear is that there is not going to be one dominant party in the german bun des stag. it is going to see at least very strong partners with the governing main party, certainly, the green party is looking as though it's going to pull off serious gains compared to the elections they've had in the past. we've been talking about in the past couple hours, the environment and climate have been a major issue in the election campaign. of course we had the horrible flooding that took place in germany in july and that drove home the point that this country needs reforms that will bring its very large industrial economy into being a green economy. it looks as though all the candidates understand if they want to become chancellor, they need to have a strong, green agenda. >> as you're talking t

parties, the leader of the spd, olaf scholz, saying, i will be the next chancellor. and the leader of the cdu saying, i will be the next chancellor. so they then have to woo the party is next in line, they have to get over the 50% majority. that is the greens and the free democrats, the liberal business minded party had been not get on. four years ago, they failed spectacularly to find some way to work together so they didn't go into government at all. it took the 171 days last time. and that was the two men party come together. so we went into shock of the main parties coming together. there we we going to intense negotiations. so if you are the greens or the democrats, you will be looking for the better deal. most money will be on the spd, the centre—left, leading a government coalition with the greens and the free democrats. but to be honest, it is anyone's guess at the moment. i is anyone's guess at the moment. i know you will be following it closely. i wonder what the results tell us about germany as a nation, does it feel like a divided nation, more so than b

he said they are solid of the results with the spd, expect into beat angela merkel's conservative alliance paid comments on social media about congressional spending. stephen texted us this, my priority on spending is passing the $1.2 trillion infrastructure bill passed by the senate. they need to rewrite the tax code and eliminate most of the exemptions so everyone pays the same percentage. we need to pay down the debt or our country will fall. let's hear from john in madison, alabama. the independent line. caller: thanks for taking my call. i say we don't need particularly the reconciliation bill or most of the infrastructure bill and the reason is we will destroy the dollar. if you understand what the money supply out there, if we keep printing money, we will have inflation that's going to kill and tax all of us. the rest of the world is tired of this and are dollar is no longer the reserve currency of the world, it will be a catastrophe. all of this spending is doing that. anybody who understands that knows this. host: rob in stockton, california on the republican line. caller: i wish

germany now, stay with me here, because this is a little complicated the center left social democrats, or spd, led by olaf scholz, the vice chancellor and former mayor of hamburg, narrowly defeated the conservative block or cdu/csu, led by armin laschet, his party's successor to angela merkel. but in order to form a government, they'll need to engage in coalition talks with smaller parties, such as the greens and the free democrats, to reach a majority. in the bundestag, which would lead to germany's first-ever - [ siren blaring whoa is that our rudy giuliani news alert siren? the siren we had installed in the studio to tell us whenever something funny happens to rudy giuliani? wally, throw out all the cue cards about germany. >> nein. >> seth: what? >> sorry, sorry. i meant, do you want me to throw out all nine of the cue cards about germany. [ light laughter ] >> seth: oh, i see what you did there, wally okay let's see what rudy's up to. >> fox news has reportedly suspended former president trump's personal attorney, rudy giuliani, from appearing on any of its shows >> his favorite tv outle

the spd, 206. the greens projected to have 116 seats. now, the ftp are settled to win 94 seats. this forecast puts the afb on 86 seats, and the left with 40 seats. while, my colleague is in berlin with the latest. quite frankly, i'm confused. ., ., ., ., , ., confused. you are not the only one. germany has _ confused. you are not the only one. germany has a _ confused. you are not the only one. germany has a complex _ confused. you are not the only one. germany has a complex political- germany has a complex political system, but it is one that feeds directly into the kind of government it has. there was never a possibility that anyone party would have majority. we knew we would head into coalitions and negotiations, the question was in what way would that work has neck these numbers are helping to give shape to that discussion because it was never a possibility, angela merkel�*s party, the cdu are at the other category would deliver a knockout blow. they are neck and neck around the 25% mark depending on which exit poll you're looking at, depending on which projection you're l

the spd claiming the most seats in germany's federal parliament. but mrs. merkel will remain in office, for now. it will likely be some time before we know who will succeed her. a new governing coalition will need to be formed. a process that could take weeks, even months. cnn's frederik pleitgen joins us now, live, from berlin. great to see you, fred. it appears germany's social democratic party scored a narrow victory here. what is the latest on these results and, of course, what it all means? >> yep. yeah, certainly seems as though that is the case, rosemary. and i have to say, it was one of the most exciting elections that i've certainly seen here in germany in the past two decades. really, a very narrow one that for a very long time was also much too close to call. but now, as the results have come in, this -- the preliminary results, it certainly looks as though the social democrats appear to have a mandate to try and form a government. in fact, right now, we are waiting for the main candidate, olaf scholz, to give a short statement. and we believe th

tword kork's b's b t "net"n, "n, ork, netwo nion.iono imi wit witera's aeliable netwe orne e ad wd thd spd don 5g. we provide security that's made for business and offer plans as low as $30 per line. more businesses choose verizon than any other network. we are open and ready for you. growing up in a little red house, on the edge of a forest in norway, there were three things my family encouraged: kindness, honesty and hard work. over time, i've come to add a fourth: be curious. be curious about the world around us, and then go. go with an open heart, and you will find inspiration anew. viking. exploring the world in comfort. age-related macular degeneration may lead to severe vision loss, so the national eye institute did 20 years of clinical studies on a formula found in preservision. if it were my vision, i'd ask my doctor about preservision. it's the most studied eye vitamin brand. if it were my vision, i'd look into preservision preservision areds 2 contains the exact nutrient formula recommended by the nei to help reduce the risk of moderate to advanced amd progression. i have amd, i

you mentioned the polls, the spd cementing. a new one sees the cdu catch-up. cdu members still believe they can win. they say germany is not berlin. what really matters about germany is this is still a conservative christian country and that will resonate in the end. we know the cdu has had a horrible campaign going into this election. there's a lot of uncertainty. the big questions are going to kick in on the 27th. one of the issues the market has not fully priced in his they are not natural coalitions, they are three-way coalitions. when you bring in three parties, that gets very complicated. >> going back to the polling, we saw olaf scholz and his party able to sustain the lead even after that raid on the finance offices. does that suggest to some degree it would take a lot to derail the current trajectory things are on? >> yes, and in terms of that raid, to me there are two things we need to keep in mind here. one is that nobody is saying he personally enriched from any of this. that is important. this is about the finance ministry, not olaf scholz as an i

hawkish positions against china that might be a deviation from the grand coalition of the cdu and the spd in the past. haslinda: thank you for staying up for us, agatha cantrell in berlin. from germany to singapore, it is moving towards living with covid is at six to ensure its health system can handle a surge in cases. i spoke with the finance minister about the strategy for reopening. >> we are committed to reopening our economy, but our aim has always been to do this without putting too much stress on a hospital system. we want to keep it intact and under control and avoid unnecessary debt that may arise when the entire health care system gets overwhelmed. the reason there are temporary restrictions now, it is a very difficult decision, but we thought we had to do it because our health care system and health-care care workers are facing tremendous pressures and stresses. so we are doing temporary restrictions now, going all-out. haslinda: how does that look like? >> we are looking at living with covid. that is where you are seeing that the restrictions we have taken have not gotten bac

the other issue we should really stress is that for him to go in a coalition with the spd is not as natural as it would be with the cdu. and the ce -- cdu is heading for a terrible result, but still pulling 20%. there could be many options on the table. for him, the traffic lights coalition is another base case scenario, one of the many options they could contemplate going forward after the option. anna: the role of the stp, we will certainly keep tabs on that. much more from maria tadeo and berlin. coming up, we look at your stocks to watch, including dsm, nutrition company decides to buy first world ingredients. more on that next. this is bloomberg. ♪ anna: welcome back to the european market open. 10 minutes to go until the start of cash equities trading, u.s. picture fairly flat overall. let's get to the individual stocks we're watching. joe has a breakdown. good morning. joe: this one is all about the lockdown dogs of instagram, the german pet retailer getting a takeover bid, which was announced yesterday. this was the second bid they've had, the private equity company. it follows a

this analysis from politico puts the cdu at 21%, behind their centre—left spd rivals. that's a huge fall from 36% earlier this year. the new government will be a coalition between two or three of these parties, but exactly which step into the frame is very much an open question. ahead of the election, our europe editor katya adler is taking a roadtrip around germany — starting in dusseldorf, ending to berlin. here's her first dispatch from dusseldorf. well, hello to the hinkle bakery in germany. it's the first stop on our nationwide tour ahead of elections on the 26th of september. why a bakery? well, because everyone's coming to buy their bread in the morning, chatting about politics, of course, so close to the election. and with more than 30 people working here behind the shop, so much chance to ask people what's most on their minds. the thing about these german elections is that they matter not just inside the country but outside as well. this is all about change. you thought german politics might be addictive and boring? —— predictable and boring? absolutely

it is also certain many citizens have voted for the spd because they want to change in government and they want the name of the next chancellor to be olaf shult. haidi: three parties maybe need to secure a majority in the problem for the first time in decades potentially meeting months of dealmaking ahead all of which could see -- let's cross over to berlin for the latest. if this election is too close to call, what does this potential coalition look like and the horse trading that is to come? >> at the moment there are really four parties in the mix. two of them are pushing to leave the next government. that would be the merkel's conservatives and the social democrats. what they want to do now is try and convince the two other parties, the liberals and the greens, to come into a coalition with them as well because at the moment as it stands it is unlikely we will see a two way coalition. shery: what does this mean for germany's relationship with the rest of the world? >> something that is really interesting that we have been hearing the past couple of weeks is while all the centrist

obviously spd is doing very well in the polls at the moment. the market is quite relaxed, but i think we still have a couple weeks to go until the election and i think some more event risk could be priced in, giving the spd a greater say in any future coalitions. guy: have we seen tax rises in the u.k.? what impact does that have on sterling? chris: it is what is priced into sterling money markets. because of the bank of england communication the terminal rates for the bank rates are priced out of her future years. the market struggles to price that above .5%, thinking the bank of england will turn to quantitative tightening, trying to shrink its balance sheet when the bankrate hits .5%. not a lot more to be priced in in terms of the boe tightening cycle. it might be interesting as we approach the autumn statement, any suggestion there will be tax rises or fix the fiscal holes could weigh on sterling at a difficult time politically as we look towards the end of the month. guy: the market is pretty short on the dollar. any chance we get a surpri

maria: when you look at their different manifestoes, the spd and cdu, which are currently in government and competing to win the election, they are aligned in terms of the targets and timeline. both say that by 2045, germany will need to be climate neutral. this is five years before the european deadline. it is 2050 for the eu. they say they need to cut down emissions by 88% by 2040. when you look at the greens, it is a more ambitious target. they say they want to get the carbon neutrality in the next 20 years. they say the german industry needs to remove diesel cars, taking them off the road. a key factor for them is when you look at net investment to modernize the economy, they say that should be exempt from the debt rule. it is about the amount of money that will be put into work, the regulation, and the timeline going forward to hit those goals. anna: thanks very much. maria tadeo in berlin. sticking with politics, it is not just germany where we are seeing movement. the leaders of canada and france are fighting a jump in the polls. the weekend saw a military coup in guinea. leaving

and i think there's a lot of finger-pointing between the cdu and the spd. the cdu is also responsible for that situation because they moved the financial unit, tasked with countering anti-money laundering, analyzing suspicious reports, and disorganization have been removed from the federal relief to customs by the cdu minister of finance. they're both culprits in this and now they have a big show. so my focus is much more on how can we reform anti-money laundering laws and how can we enable the financial intelligence unit to be something like an anti-money-laundering fbi, a true police force, as we have in italy, for example. maria: right, and you have been very critical of both parties, i should note. but talk to me about the timing of this raid. there's many political commentators in berlin that say today's grilling is not about getting answers. it's about making olaf scholz looked at. the timing is very funny -- look bad. the timing is very funny. what do you make of it? fabio: we asked for this special session because it is obviously a very interesting

to become the next chancellor — angela merkel�*s chosen succesor armin laschet on the left, and the spd�*s olaf scholz. laschet�*s campaign has been riddled with gaffes, most notably when he was caught on camera laughing during a ceremony for the victims of germany's catastrophic flooding. conversely, olaf scholz has seen his fortunes rise through the campaign — with almost half of the voters now saying they would prefer him as the next chancellor. the pandemic has certainly hurt the cdu, and the threat of a third wave is hardly helping. so, there is much to get into here. let's talk to journalist emmanuelle chaze in berlin. nice to see you. we were talking just last night about the canadian election and the threat tojustin trudeau, who called a snap election despite the fact he was a long way ahead in the polls. i asked whether it was wise to call an election between two spikes in a pandemic, and i wonder if that is how it is playing out in germany? armin laschet, playing out in germany? armin laschet. the — playing out in germany? armin laschet, the candidate - playing out in

this is the latest kantar poll, the spd — led by 0laf scholz — are down one point at 25%. support for the cdu/csu alliance — led my armin laschet, who is running in place of angela merkel — is up one point at 22%. the greens — led by annalena baerbock — slip one point to 16%. and the business—friendly free democrats — of christian lindner — remain on 11%. guiding you through the election this weekend here on the bbc will be our colleague ros atkins who is berlin for us tonight. big event tonight. seven of the leaders on stayed done backstage. 25% of the electorate, i read, still undecided. it 25% of the electorate, i read, still undecided. . , 25% of the electorate, i read, still undecided. ., 25% of the electorate, i read, still undecided-— 25% of the electorate, i read, still undecided. ., , ., , , undecided. it was a big opportunity and it was an _ undecided. it was a big opportunity and it was an opportunity _ undecided. it was a big opportunity and it was an opportunity for - undecided. it was a big opportunity and it was an opportunity for all. undeci

the spd, like other social democratic— parties in europe, have been struggling for some nobody expected them to— struggling for some nobody expected them to pull so well. currently they are leading. it is a much tighter margin, — are leading. it is a much tighter margin, this is because of the... it is because — margin, this is because of the... it is because the finance minister, the candidate, — is because the finance minister, the candidate, he present himself... stefanie. — candidate, he present himself... stefanie, we are going to leave it there. two stefanie and latika and david, thank you very much. goodbye. hello again. i think there's going to be a lot of cloud across western areas of the uk over the next few days, but even if it stays cloudy where you are, either way it is going to be very, very mild, with the winds coming a long way from the south—west, dragging in sub—tropical air. where the sunshine comes out it really will feel pretty warm for late september. temperatures this weekend pushing widely into the 20s, where we do see some sunshine. lossiemouth is

the spd�*s leader in parliament was clear about who they want as partners. translation: the greens and the fdp were invited by — translation: the greens and the fdp were invited by us _ translation: the greens and the fdp were invited by us to _ translation: the greens and the fdp were invited by us to open _ translation: the greens and the fdp were invited by us to open coalition - were invited by us to open coalition talks already this week. should they wish to do so, i believe most parties with the spectacle they produced here the past few years is not worthy of the task is i hope we quickly come to an agreement. the 'spectacle' he's referring to is this coalition talks after the last election with christian lindner, the leader of the small free market liberal party the fdp seen chatting with angela merkel on a balcony. after months of negotiations the fdp failed to go through with the deal. this time the fdp have chosen to talk to the greens. the two smaller parties have decided to see what common ground they have before entering talks with either of t

make the most of it with the network that can deliver gig spds to the most businesses. and get the advanced cybersecurity solutions you need with comcast business securityedge. ask how to get comcast business securityedge to help protect all your connected devices. and get started with a great offer on fast and reliable internet and voice for just $64.99 a month. plus, ask how to get a prepaid card up to $500. call or go online today to learn more. comcast business. powering possibilities. >>> welcome back this morning. this weekend marking 20 years since 9/11 terrorists attacked the twin towers. as we reflect on that day, we talk about the changes made since then that have made us safer. among them the tsa >> bringing in our guest from the tsa in washington. administrator, thank you for joining us 20 years after 9/11, the question is how much better are we prepared to thwart a repeat of what we saw 20 years ago? >> we are significantly better prepared for an attack like we saw on 9/11. there was a lot of things we have done. you'll remember the technology improvements

and the spd's leader is this man, olaf scholz. he's the current finance minister — that's because germany's government at the moment is a grand coalition between the three parties. one german political scientist says of him "he's rational, stable, almost boring. this makes him very similar to mrs merkel." that's right. both candidates, in their own ways, want voters to see them as bringing more of what angela merkel offered. indeed, mr scholz seems very happy to encourage this comparison. in this magazine photo, he even deployed angela merkel�*s trademark diamond hand position. now, let's be clear. they are not one and the same. he's centre—left, mrs merkel is centre—right, they are different politicians from different parties. and this is mr scholz�*s pitch. translation: i will immediately - bring in a minimum wage of 12 euros, ensure stable pensions, and ensure that within the first year of government we will have the structure in place to build a renewable energy industry with good jobs that are climate neutral. now,

and the spd's themselves in the lead. and the spd�*s leader is this man, earl of schultz. —— olaf scholz. he is germany's finance minister at the moment, because germany's government is a grand coalition between the three parties. one political scientist says of him he is rational, stable, almost boring. this makes him very similar to mrs merkel. that's right. both candidates, in their own ways, want voters to see them as bringing more of what angela merkel offered. indeed, mr schultz seems very happy to encourage this comparison. —— scholz. in this magazine photo, he even deployed angela merkel�*s diamond hand position. they are not one of the same. he has centre—left, mrs merkel 's centre—right, they are different politicians from different parties. and this is mr scholz�*s pitch. translation: i parties. and this is mr scholz's pitch. translation:— pitch. translation: i will immediately _ pitch. translation: iwill immediately bring - pitch. translation: iwill immediately bring in - pitch. translation