so could we say that europe is actually polarizing itself. the term pre-crime comes from this movie minority report in which a prediction is being made about something an individual has not yet done but is going to do and a preemptive arrest is made of someone before they perform that act if you would have asked me 37 years ago if we would have gunshot detection or video cameras in neighborhoods or be able to predict what crimes occur i would have said you're crazy pre-crime coming soon on al-jazeera every weekly nice cycle brings a series of breaking stories join the listening post as we tend the cameras on the media and focus on how they were caught on the stories that matter the most on al-jazeera. he lived in brazil's largest favela. one day the police came for. like thousands of others he disappeared. witness follows a family's epic struggle for justice which became a national cause and sent shock waves through the upper echelons of the political establishment in the shadow of the hill on al-jazeera. i'm come out on summary with another

in europe. i think this is clearly a stratagem on the iranian leadership part of both to get leverage over the europeans in the hope that they can find some way to soften the impact of u.s. sanctions on its economy but also as you said to draw a line and to create distance between the u.s. and its european allies in the hope that it would give it more leverage in any type of future international agreement it's very difficult to see how the europeans could do much more to address aronian economic concerns. standing up a separate international financial mechanism that would not have exposure to the u.s. economy and to u.s. sanctions is the undertaking of many months if not years and the cost of so doing would be quite substantial so it's difficult to see how europeans can do much more than what they've already done in the form of this bartering mechanism known as an sticks and the drug administration says it wants new talks with iran it says maximum pressure policy will continue we know that iran

i want a commission that is working to strengthen europe to position europe in this world in its appropriate role and europe is needed in this world and on this with in this difficult and changing and vironment and i am deeply convinced that we all do better when we were better together all of us know $28.00 member states that none of us on its own will be as successful tackling the problems as we are together 28 member states and this is the beauty and the secret of europe of course it's sometimes tiring and to look for count for a concepts and a compromise is difficult but in the very end we take 500000000 people along on this journey so i want a commission that is totally dedicated on improving the european union of course respecting subsidiarity this is a say in itself but in improving the european union as i'm convinced it's better for the european people and the world needs a strong assertive and active europe the composition of the commission will. how do you say be the right one for that task. thank you very much for married people injured. so that was sort of from the lion addressin

of peace of unity and a europe of values that because. it is this european conviction of it has guided me throughout my life and my korea has been my thoughts as a doctor and also as a politician thank you. it is not courage and demonstrated by the pioneers such as see more of a that is at the very heart of my vision of europe. it will be that spirit that will guide the european commission that i have the intention to be the president of and mr president ladies and gentlemen. members of the european parliament the founding fathers and mothers of europe from the ruins and ashes of the world war created a fantastic new world of peace with a stronger common market the ability to work and study and research across borders 500000000 you're appearance now live limit over to your i phones and in wealth and freedom. my children generation is able to look ahead to a europe which is a home and they can't really imagine it any other way and those born into that help positive generation assume just parents that this would always be the case but today

i think europe and. you know something that still does get there and get this together come on we've been killing each other for what centuries and now we have a you know we have common programs we have a common politics 25 year old friedrich continues his european journey in an easterly direction. to trist from 6 to 6. is on route to slovenia one of the eves newest member states it was once part of the communist you can slavia. as a train heads for the italian slovenian border he makes friends with a reason one ferrari who comes from the region. of my family he tells me stories about when. and where there was a. they were doing was a very very easy street yes. day people in europe can again travel freely. if you've been to slovenia yet but. after 3 hours the train reaches the mediterranean city and soon arrives at the slovenian border. there's no border guard in sight just a train conductor. for over 11 years this is being an open border. it's really interesting when people talk about the past it's incr

within europe's borders that might yes but beyond europe's borders now because the european union it's complicated i've been in berlin since 2005 i followed berlin and there for a bit of brussels i saw now how it all works it is complicated in the united states of america nobody understands how it works it's just somebody gets elected and she was democratically elected there was a vote held she got the majority and she is now the president i think people are going to accept that whether europeans accept that because of the whole system we went through where she was agreed upon in this backroom deal as you were explaining it was all supposed to be transparent this time but they couldn't that transparency fell short it didn't give them a solution they needed a solution or so from the line is known as being very pro-american. she devil a transatlantic system she always has been you know she lived in the united states for 4 years and because she lived there raising our kids there she knows society so she she doesn't view it just in the washington bubble but she she really values i think a

so could we say that europe is actually polarizing itself. i am fly cattle railways and experience economy class like never before qatar airways going places together. he lived in brazil's largest favela. one day the police came for. like thousands of others he disappeared. witness follows a family's epic struggle for justice which became a national cause and sent shock waves through the upper echelons of the political establishment in the shadow of the hill on al-jazeera. i also see arrivals the opportunity to understand a very different way where there before it happens you don't leave out. bang. bang. peter over here in doha the top stories from al jazeera china's foreign ministry is demanding the united states immediately cancels a potential sale of arms to taiwan the u.s. state department approve the deal worth more than 2000000000 dollars doesn't accept taiwan's independence and argues it's a breakaway province if i don't have the u.s. selling of arms to taiwan is a serious violation of international law and the norms of international r

i think europe now. you know something that still just to get there and get this together come on we've been killing each other for what centuries and now we have a you know we have common progress we have a common politics. 25 year old friedrich continues his european journey in an easterly direction. to trist platform 6. is on route to slovenia one of the e.u.'s newest member states it was once part of the communist yugoslavia. as the train heads for the italian slovenian border he makes friends with a reason man ferrari who comes from the region. of course my family tells me stories about when there. were no other there was. a more dangerous and very very easy street yes. today people in europe can again travel freely. if you've been to slovenia. but. after 3 hours the train reaches the mediterranean city and soon arrives at the slip fenian border. there's no border guard in sight just a train conductor. for over 11 years this is been an open border. it's really interesting when people talk about the

particularly in europe. jonathan: still with us are lisa hornby, gershon distenfeld, and noelle corum. let's begin with you, noelle. this relentless rally in europe on the periphery and in credit. what is your exposure right now in europe and how are you managing it? noelle: as a usd investor, we like europe right now, not only is there value still left in asset prices, but you could also make money on the hedge, when you hedge it back from the euro to u.s. dollar. so we like investment grade in europe, a little bit at the periphery. for now, we are staying away from italy, though. jonathan: look at the nominal yield right now that you pick up in italy before that fx hedging, it is 50 basis points. fewer than 50 basis points on investment grade in europe. is that sustainable? gershon: you can't take out that one you just try to delete before hedging costs. that matters. the fed has not cut yet. it is still 300 basis points. so to the u.s. investor, it looks pretty good. and i agree with noelle, the economy i

and europe. i think this is clearly a stratagem on the iranian leadership part of both to get leverage over the europeans in the hope that they can find some way to soften the impact of u.s. sanctions on its economy but also as you said to draw a line and to create distance between the u.s. and its european allies in the hope that it would give it more leverage in any type of future international agreement it's very difficult to see how the europeans could do much more to address aronian economic concerns. standing up a separate international financial mechanism that would not have exposure to the u.s. economy and to u.s. sanctions is the undertaking of many months if not years and the cost of so doing would be quite substantial so it's difficult to see how the europeans can do much more than what they've already done in the form of this bartering mechanism known as instax and the drug administration says it wants new talks with iran it says maximum pressure policy will continue we know that iran

within europe sporters that might yes but beyond europe's borders now because the european union it's complicated i've been in berlin since 2005 i followed berlin and there for a bit of brussels i saw now how it all works it is complicated in the united states of america nobody understands how it works it's just somebody gets elected and she was democratically elected there was a vote held she got the majority and she is now the president i think people are going to accept that whether europeans accept that because of the whole system we went through where she was agreed upon in this backroom deal as you were explaining it was all supposed to be transparent this time but they couldn't that transparency fell short it didn't give them a solution they needed a solution or so a friend of mine is known as being very pro-american washington. she devil a transatlantic sess and she always has been you know she lived in the united states for 4 years and because she lived there raising our kids there she knows society so she she doesn't view it just in the washington bubble but she she really v

but if you look at this just to stick to sticks rich europe has taken in only 16 percent of the total number of people who are fleeing it's actually poor african and middle eastern countries that have taken in the vast bulk of migrants worldwide is that fair. it might not be fair and i mean you're completely correct i mean the syrian. migrants from syria they basically are in turkey in jordan and in the i think 6 millions of us have millions of them on these 3 countries combined so if you compared to these 3 countries europe as a bloc has not taken in a lot but there is a buck to it but it is you have to reconcile the humanitarian imperative to help those people with the acceptance of the local people and it seems to be looking huge part of acceptance of as you mention in your question the 1st part of your question and. you've witnessed as a consequence of this the rise of a lot of basically right wing populism in europe that the that is the consequence of the noble open border policy so it's not a question of fairness it's a question of how many could be reconciled with the societies

and europe. therefore, they are in favor of euros, out of favor with the dollar, the dollar has to weaken. let's say the assumption is correct, that rate differentials have to narrow. why does that also mean the dollar needs to weaken? kathy: yeah, well, the idea is, at current levels of the dollar, which has been pretty steady and firm over the last couple years, at current levels, because of those rate differentials. it makes sense to be here. if you narrow that differential, the dollar should move down, in theory. the market has been looking at this rate cut from the fed for a while now. the dollar just has not moved. it really, despite people's complaints in washington, the dollar has not made that much of a move recently. jonathan: listen to the chairman this week. why does he want to drop interest rates? he wants to drop interest rates because he is worried about uncertainty in the global economy and what that means for the united states. rate differentials can narrow, but if they are narro

in europe. i think this is clearly a stratagem on the iranian leadership part of both to get leverage over the europeans in the hope that they can find some way to soften the impact of u.s. sanctions on its economy but also as you said to draw a line and to create distance between the u.s. and its european allies in the hope that it would give it more leverage in any type of future international agreement it's very difficult to see how the europeans could do much more to address iranian economic concerns. standing up a separate international financial mechanism that would not have exposure to the u.s. economy and to u.s. sanctions is the undertaking of many months if not years and the cost of so doing would be quite substantial so it's difficult to see how the europeans can do much more than what they've already done in the form of this bartering mechanism known as instax and the job administration says it wants new talks with iran is maximum pressure policy will continue we know that iran will

focus on europe on t.w. . 6 1st day in school. the 1st climbing lesson of the doors grandma with her arrives in the joy in your ranting on her journey back to freedom. in our interactive documentary during an orangutan returns home on t w dot com a tank. coupe. welcome to the girl max you tube channel. a goldmine of stood. with exclusives. must see concerning 4 times culture in europe. a place to be full curious minds. do it yourself networkers. so subscribe don't miss out. frank food. international gateway to the best connections self road and trail. located in the heart of europe you are connected to the whole world. experience outstanding shopping and dining offers and try our services. biala guest transfer. managed by from. this is g.w. news live from berlin tonight history in the making as the european union gets a new commission president a madam president the european parliament elects the german conservative politician ursula from the alliance making her the 1st woman to hold europe's top job she says fighting climate chan

europe poll said there had been 234 arrests in europe as well as the closure of 9 underground drug labs where the confiscated substances have been made before being sold illegally in shops fitness centers. sports people. but officials say the county tests at unspecified professional sporting events in connection with the operation indicating that professionals could also be among the customer base. wimbledon tennis now in the women's semifinal lineup is complete with some familiar names through to the last 4 serena williams overcame the fellow american allison risk in 3 hard fold sets the 7 time wimbledon champion will play the unseeded streets over the next meanwhile number 7 seed simona halep made short work of it as she was young the remaining 17661 to set up a meeting with alina as fit to lead in the last 4 i was going out of cycling at least. on the has claimed the 1st tour de france stage victory of his career the mostly flat 4th stage favored sprinters like devyani he stormed to victory after being put in a strong position by his quick step team to be on his teammate european. ke

will women's power drive europe forward. the funding lion has been in brussels the last few days courting europe the members of the european parliament how does she do. i'm not in brussels i don't know but i think she is doing a stone just that she is building a program from to their very fast she has a team behind her she needs to be a consensus to be confirmed next week interestingly enough she does have the backing of some of those eastern european leaders we've been talking about and also the populist leader in italy what does that tell us. she's more known and more positively known politician in the sensors in europe than many others as a minister of defense she tried to forge a common line between the your nato. and basically i think position on germany in central eastern europe is more. balance than it was before even a writer except a german many of these leaders would rather accept a german conservative candidate at the top job at european commission then a socialist dutch person because there was a perception that.

i think europe and. you know something that can still get there and keep us together along with being here in each other what centuries and now we have a you know we have common programs we have a common politics 25 year old friedrich continues his european journey in an easterly direction. to trist from 6 just 6. is on route to slovenia one of the e.u.'s newest member states it was once part of the communist yugoslavia. as the train heads for the italian slovenian border he makes friends with a reason man ferrari who comes from the region. of my family tells me stories about when. there was a. there were differences may vary from st e s. . day people in europe can again travel freely. if you've been to slovenia yet but. after 3 hours the train reaches the mediterranean city and soon arrives at the slovenian border. there's no border guard in sight just a train conductor. for over 11 years this is been an open border. it's really interesting when people talk about the past it's incredible freedom to just

noelle: we like europe right now. not only is there value still left in asset prices, but you could also make money on the hedge, when you hedge it back from the euro to the dollar. we like investment grade a little bit at the periphery. for right now, staying away from italy. jonathan: look at the nominal yield that you pick up in italy. before the fx hedging. 50 basis points. fewer than 50 basis points on investment grade in europe. is that sustainable? gershon: the fed has not cut yet. it is still 300 basis points. to the u.s. investor, it looks good. we like european debt also. the economy is weaker, but remember, what causes problems is not just economic weakness, but leverage. on average, european companies have less leverage on the balance sheets than u.s. counterparts. lisa: i would agree with some of that, but base rates are so low. spreads, 50 basis points, base rates are so low, i would rather invest in the u.s. jonathan: what about the periphery? we have gone back and forth about etp's in the past. the ita

right wing movements have held protests against immigration and a slam in several parts of europe and violent attacks have been carried out by far right activists including near nazis and white supremacists germany's domestic intelligence agency the b f v says there are more than 24000 far right extremists in the country and believes almost half are potentially violent in france 10 people suspected of planning attacks on mosques muslim leaders and women wearing veils were arrested last year and in the u.k. the european union's law enforcement agency europe poll says 5 right wing terror plots were recorded in 2017. let's bring in our guests now to talk more about this in pescado italy via skype we have italian journalist stephano veggie in lisbon we have michelle believe it he is the chair at the center for research on prejudice at the university of warsaw and in new york also via skype we have. did george she she is the manager of the far right program at the social enterprise group moonshot countering violent extremism good to have you all with us so far let me start with you how sig

i want to stay with europe. blackrock proving that proving there are still some bond bulls left in the market. >> the ecb is likely to deliver what they say they will deliver at the central meeting. in fact, maybe even more. as odd as it may sound, we have a near-term favor of bunds over treasuries because we believe the ecb is more likely to deliver the full amount of priced in monetary policy easing. jonathan: the key line for many of you, as odd as it sounds, bunds outperforming treasuries. matthew: we would take the opposite side of the trade. not to say that we are haters of bunds but our view is the fed is more likely to overdeliver than the ecb. mike: i would agree. the ecb cannot do much. it is difficult to get super excited at this point. kathy: i could see in the short run you see that outperform, depending on the duration, the steepening of the curve. over the long run, hard to see that. jonathan: what do you make of the quiet selloff in the german bond market? 16, 70 basis points on the 10 year. mike

know because possibly europe smokes in a full the arctic. and the turk largest in the hungary and parliament but you just . don't like a shock when you meet the little one that i was there many people you're going to go to is that somebody that knew you when i was there that talk i got anxious that wages are not going to look at me. i wasn't going to get you any. the uk or something you. unlike most of europe's far right alongside their intolerance of foreigners runs promises of economic picture. after 26 years of transition from communism hungary remains one of the poorest countries of the e.u. . there are still nearly 1000000 people living. in homes without electricity and heating. in europe because young leader gobbled one note stammering. so that when a woman a woman i could ask one or 2 for you are all the more practical showed up early because she has a lot of luck as actual cause why don't you go to shag. when you've got the to get your mouth but i'm with you not so nice to get some out of my divorce i was a. unique mike how do you ex

citizens europe has had to tighten its borders in order to prevent right wing populist from gaining the upper hand so they let me start out by asking you about the numbers that we're seeing as i mentioned this is in fact the biggest wave of refugees worldwide on record since the 2nd world war why is that and must we expect this trend in fact to continue rising it's indeed the case that the refugee influx to europe has been unprecedented since world war 2 but the reasons are very diverse we see people fleeing from war but also people searching for opportunities in europe so. there's on the one hand the intensification of war and conflict in the middle east and hardships in south america that lead to large movements of people but there's also economic developments in africa that lead to an increase in the number of migrants arriving from there and also crossing the mediterranean through libya. those who advocate tighter borders often see refugees as people who are making an economic choice basically looking for a better life those who advocate doing more to open borders to receive them ty

teletext awaking all across europe. means white person that that's why i said we are meeting was to protest the european identity the european roots for example the european culture detail and culture but it is you that is giving to this identity and project the. arrest of the blow up and that's not the meaning in any way that the league and our representatives are doing so we want to protect the cultural roots the christian roots of europe is not hard to work with you go around saying muslims equal threat was in a single thread over and over again that not only i'm a logger some people are going to react badly and some people are going to turn violent we want to treat the german germination they don't even the european union but we're talking about germany here we don't want to have that a muslim country we accept muslims there are lots of muslims who are well integrated into our society who take place no problem everything's fine but what we do not want to accept is that islam is starting to have an impact on our soci

in europe. i think this is clearly a stratagem on the iranian leadership part of both to get leverage over the europeans in the hope that they can find some way to soften the impact of u.s. sanctions on its economy but also as you said to draw a line and to create distance between the u.s. and its european allies in the hope that it would give it more leverage in any type of future international agreement it's very difficult to see how the europeans could do much more to address iranian economic concerns. standing up a separate international financial mechanism that would not have exposure to the u.s. economy and to u.s. sanctions is the undertaking of many months if not years and the cost of so doing would be quite substantial so it's difficult to see how the europeans can do much more than what they've already done in the form of this bartering mechanism known as instax and the drug administration says it wants new talks with iran it says maximum pressure policy will continue we know that iran

so could we say that europe is actually polarizing itself. that the pages of this exercise book code unspeakable memory is compiled testimonies of victims of congolese mustn't. as this intimate evidence finds its way to international courts the central african republic is plunged into further tumult and intricate tanev of people and a nation crippled by recent history. afrikaans part 2 of a 2 part series on al-jazeera. i really felt liberated as a journalist was all about getting to the truth doesn't i would love for this job to. cover drug deals and 999 a boeing 767 took off from new york to cairo to my. point. where we don't know everything no one. survive the journey 20 years on al-jazeera world to revisit the case of the fatal egypt air crash flight 990 what really happened on al-jazeera. seen in doha the top stories on al-jazeera the un security council has called on libya's warring sides to commit to a cease fire it's also condemned the airstrikes that hit a migrant attention center near tripoli on choose day at least 60 people were kil

of peace of unity and a europe. because. so max i'll turn to you with that what would it mean for the european commission to have a woman at the helm because i mean gender has been a topic there in the e.u. hasn't. it would be a very strong signal obviously like for any other strong position where you have a woman in power and in the past the commission always struggled to have that gender balance so strong signal but also something that might help her get elected here because this is one of the most important topics to the leader of the social democratic political group here in parliament maybe one of the reasons why she gave her a standing ovation at the end of that speech and apart from that many in brussels and more so than in germany i got the feeling really think that it was a tough one a lot. as qualified for the job it's not just that she's a woman she actually knows what she's doing she speaks 3 languages very well she's always shown a very keen interest in european topics she is a very well known entity he

and search out some hope for europe's future. we don't want the states involved because this is a and momentum people in fact and had given and think to. hello again welcome back we're here cross the southwestern part of australia we are watching one fun a boundary that is on board right now pushing through perth and with it where we see some clouds rain as well as winds now once the system pushes through here on friday you could be seeing a change of air mass temp is going to be dropping as your daytime high only reaches to about 14 degrees we do expect to see some rain as well as the winds continue just to the south here but it is going to be better conditions as we go into the rest of the weekend that same frontal system is going to slowly make its way over here towards adelaide and for adelaide those clouds are going to be increasing as we go into the weekend the temperature though not too bad $1000.00 degrees is going to be a high with the winds coming out of the north and for melbourne we do expect to see a nice day for you

particularly in europe. jonathan: still with us are lisa hornby, gershon distenfeld, and noelle corum. this relentless rally in europe on the periphery and in credit. what is your exposure right now and how are you managing it? noelle: we like europe right now, not only is there value still left in asset prices, but you could also make money on the hedge, when you hedge it back from the euro to the dollar. we like investment grade a in europe a little bit at the , periphery. for right now, staying away from italy. jonathan: look at the nominal yield that you pick up in italy. 50 basis points. fewer than 50 basis points on investment grade in europe. is that sustainable? gershon: the fed has not cut yet. it is still 300 basis points. so to the u.s. investor it looks , good. the economy is weaker, but remember, what causes problems is not just economic weakness, it is leverage. on average, european companies have less leverage on the balance sheets than their u.s. companies. jonathan: that is a really interest

it is worth it to fight for europe and to tell the story of our europe united and strong. how i see it for the future. this was an important moment. >> you made a lot of promises today. you realize it will be tough to keep all of those. >> it is not promises it is politics and policy we are going to bring forward. if we are talking about the climate neutral content -- continent, that is necessary. we have take old action. we needed for our planet and for our lives. these topics are extremely important and we have to be ambitious. >> what would you say about all those topics? which is your top priority. >> top priority is the climate neutral 2050 with a goal for 2030 and digitization. those are the two against concerns or opportunities that we have to tackle. >> you're going to work with a divided parliament where it is hard to get a majority. also, a divided council because you have a rift between eastern europe and the other european countries on migration. how will you handle this? >> i know that people in the east and central european countries often think they are not

and europe. i think this is clearly a stratagem on the iranian leadership part of both to get leverage over the europeans in the hope that they can find some way to soften the impact of u.s. sanctions on its economy but also as you said to draw a line and to create distance between the u.s. and its european allies in the hope that it would give it more leverage in any type of future international agreement it's very difficult to see how the europeans could do much more to address aronian economic concerns. standing up a separate international financial mechanism that would not have exposure to the u.s. economy and to u.s. sanctions is the undertaking of many months if not years and the cost of so doing would be quite substantial so it's difficult to see how the europeans can do much more than what they've already done in the form of this bartering mechanism known as instax and the administration says it wants new talks with iran it says maximum pressure policy will continue we know that iran is i

what would it mean for rate in europe's, if anything -- rates in europe, if anything? jim: i think the choice was a good one, first of all. i think it is probably more of the same. for where we are in this economic cycle, that is probably a good thing. she was first to the punch on unconventional policy. remember her beating draghi to that. i believe she will be dovish. i think she will resort to unconventional measures. at first, those are probably going to be the same ones she has seen over the last few years , but if those don't work, i could see her taking it a step further. i think that dovish mentality we needed from europe very much gets another boost from her selection. vonnie: are there pockets of fixed income in europe that are attractive to janus henderson right now? jim: i think europe is a strange fixed income market. it is not particularly high-yielding. italy looks like it had some very attractive yields. those have disappeared. i think it still probably has a bit further to go, but i would look to credit. as long as you get the search for yield continui

is a piece of asia in europe here and once again become aware of how big europe actually is and considering the buddhist tradition also called diversity. our report to handle valuing has already visited some very different and unique places around europe for this series you can find all of his adventures on our you tube channel and its own playlist have a look. they say that too many cooks spoil the broth but at this open area bend in must say funds that is not true because that's exactly what the organizers wanted to bring as many people as possible together for a gigantic open their cooking course and to prepare a dish together under the guidance of a star chef a cooking course in a huge 4 months. a. 1000 amateur chefs gathered in mar says' old town to take a cooking class with michelin star chef. levy he began with a recipe for a typical starter from france's province region oh yes that's it you know it's a talking with sardines and an olive top and these are the 2 emblems of musée and provence the sardine is emblematic of the old port of marsay where we're cooking everything today at t

coming here is a piece of asia in europe here and i think once again become aware of how big europe actually is and considering the buddhist tradition also called diversity. our reporter hendrik valuing has already visited some very different and unique places around europe for this series you can find all of his adventures on our you tube channel and its own playlist have a look. they say that too many cooks spoil the broth but at this open area bend in must say runs that is not true because that's exactly what the organizers wanted to bring as many people as possible together for a gigantic open their cooking course and to prepare a dish together under the guidance of a star chef a cooking course in a huge 4 months. other 1000 amateur chefs gathered in mar says' old town to take a cooking class with michelin star chef. levy he began with a recipe for a typical starter from frances paul's region oh is that situ no it's a tart thing with sardines and an olive top and these are the 2 emblems of musée and provide us with the sardine is emblematic of the old port of marsay where we're cooking

we get numbers from some of europe's biggest names. don't miss our interviews with vw, roche, and many more. tech giants of the but and amazon report -- all the bet -- alphabet and amazon report. ♪ nejra: welcome to daybreak europe. it has just gone 6:00 in london. earnings onslaught is a great way to describe it. roche numbers are coming through. at 30.4lf sales come in 7 billion. the estimate was 30.53. first half core operating profit. the red headline, let me get to that. view toits sales growth mid to high single digits. that's very interesting. raising its sales growth view to mid to high single digit. that's the red headline on roche. at 11.1.comes in the estimate was 10.65. that's a beat on first half core eps. core operating profit for the first half comes in at 12.36. the estimate was 12.16. there's a beat on some of the numbers. the headline you want to focus on is the fact that it's raising its sales growth view to mid to high single digits. there were some pressures whether it would've raised guidance a second time this

know because possibly europe smokes in a full the arctic. and the turk largest in the hungary and parliament would be sure . to let us know when you meet the little one that i was there many people you are going to going to say something about me when i was there that talk i got actually settled which was a lot going to look at me. so was it i'm going to get you any. the uk or something new. and like most of europe so far right alongside their intolerance of foreigners france promises of economic protection. after 26 years of transition from communism hungary remains one of the poorest countries of the e.u. . there are still nearly 1000000 people living in homes without electricity and heating. in your books young leader goblet of war no nor stammering. so that we are one and only one woman i could ask one or 2 for you are on the critical shell of a plea because a ship has a lot of locals actually cause more than you got to shag she got a leash for sure any. time you got the to get your mouth but i'm going to be nice to get some out of my do

will women's power drive europe forward. milan ursula funder lyon has been in brussels the last few days courting europe been members of the european parliament how does she do. i'm not in brussels i don't know but i think she is the biggest on suggests that she is building a program from thin air very fast she has a team behind her she needs to be a consensus to be confirmed next week interestingly enough she does have the backing of some of those eastern european leaders we've been talking about and also the populist leader in italy what does that tell us. she's more known and more positively known politician in sensors in europe than many others as a minister of defense she tried to forge a common line between the your nato. and basically i think position on germany in central eastern europe is more balanced than it was before i mean they are rather accept a german many of these leaders rather accept a german conservative candidate at the top job by the european commission than a socialist dutch person because there was a

and europe. therefore, they are in favor of euros, out of favor with the dollar, the dollar has to weaken. let's say the assumption is correct, that rate differentials have to narrow. why does that also mean the dollar needs to weaken? is,y: yeah, well, the idea at current levels of the dollar, which has been pretty steady and firm over the last couple years, at current levels, because of those rate differentials. it makes sense to be here. if you narrow that differential, the dollar should move down, in theory. the market has been looking at this rate cut from the fed for a while now. in the dollar just has not moved. it really, despite people's complaints in washington, the dollar has not made that much of a move recently. jonathan: listen to the chairman this week. why does he want to drop interest rates? he wants to drop interest rates because he is worried about uncertainty in the global economy and what that means for the united states. rate differentials can narrow, but if they are because

their very traditionally catholic they say slum wants to invade europe they are against abortion. the most against the globalization both against the influence of the usa i need to be in both in favor for a russian let's say so if you look at the political program delete the party headed by so many you'll see it's very similar so what happens in the elections is that these 2 neo fascist party and. didn't get you can get enough votes to have their representatives elected into the parliament at the same time the league got 34 percent of the votes which is the biggest result they they have are ahead so according to many tally and political analysts much most of the. voters. in the end decided to vote for the lead and this is why the me was able to get 30 kircher cent of the votes all right michel if we if we could go beyond italy for a moment and look at look at europe more broadly in the rise of these these groups stefana brings up a number of issues there that are driving this like immigration globalization and so on to what extent do you see do you see this driving the rise of for

elected to the german conservative politician ursula fundal i and making her the 1st woman to hold europe's top job she says fighting climate change will be top of her agenda we'll talk with the president elect in just a moment also coming up. the world marks 50 years since apollo 11 the white stood off on a mission to put a man on the move. and the fight to combat the spread of each i v a as we report from south africa tonight on signs of progress in the battle against the disease. i'm burnt off to our viewers on p.b.s. in the united states and all around the world welcome to today members of the european parliament made history by electing the 1st woman to be european commission president germany's outgoing defense minister ursula fund a lion is now president elect of the e.u. commission will succeed. in the top job after being voted in by a very narrow margin of just 9 votes. will be the 1st woman to serve as commission president. and she has promised a unified and strong europe saying that she will work pragmatically to get things done. i feel so all notes and i'm overwhelmed and i than

so what has cause he's saying you're against europe. one question yes how do explain the rise of he'll keep on trying less and you'll become europe. i don't know how do you think smart how do you explain the rise of i must tell you how do you explain the rise of some reason you know how do you explain that it's a failing over opinion that once you turn yes on the side of. the people you are getting the growth of houses across the political spectrum the growth of rejectionism of this model because the model doesn't work that's not me so what do we have then i mean we have nation states because of nation states borders walls and there isn't this dangerous i don't know and democracy here but where is america say what is not here. so i'm going on a journey to understand how come the far right can claim to be the savings and democracy you'll. never be sold one we sold how europe is facilitating gets on colonisation privatisation the extraction of resources in secret trade deals like the t.t.p. . the nature of the agreements. it's a construct

and europe in the next month. we will see that we'll see just how complicated though is this whole trade getting france versus the u.s. the u.s. threatening the german concept of for example south korea japan while the u.s. wants everyone to join it's at the end of the day against china. you know this is a very important issue at the moment you know there is always a strong rhetoric coming from the u.s. in the person of donald trump but we have the world the traits trading system has changed we have global value chains companies can shift profits from one country to the other and then we have china as a very specific big global player with a state owned companies where competition is not really an issue so the europeans and the u.s. have to cooperate stronger in light of the state owned companies from china taxation is only one issue just to mention other issues like individual freedom security of data it is not very constructive sustainable if europe if the u.s. takes steps individually having china with a comple

but to talk about britain and europe to begin with, that's very difficult nowadays because europe is so much in flux. as churchill once said the old soviet union — "a riddle inside an enigma wrapped in a mystery", with so many new forces coming to the fore. and britain, at this very moment, of europe needing new leadership and a new profile, is leaving. so i wonder if that is a wise thing to do, when you're leaving at the very moment when europe might need you more than ever. what has the eu done to yourself that you've put brexit at the head of everything else in the world, because it's ridiculous. it's the biggest — in my heart of hearts, i believe brexit is a fallacy. it is a real fallacy because it doesn't — it's not the main threat to british future existence. it's really the domestic agenda, which i would be far more interested in solving. so in a way, about brexit, i want to come clean. i want to come clean about the exit date, the 31st of october. so you're going to come clean on your first day in office? i would say it is unrealistic. because the people we want to know

fortunately, one of the upsides in europe is valuations are -- the earnings growth gap between europe and the u.s. has narrowed. the negative spin is it has narrowed because the u.s. this slowing rather than the eu is accelerating. the opportunity in europe is while europe is probably a lower quality market than the u.s., there are some attractive companies that stock pickers can identify. many of these companies are trading on significantly lower valuation multiples. nejra: have you fallen into the draw that some have had towards the bond properties in europe or are you being even more selective than that? marcus: i can see the attraction to that, particular when investors struggle to get a return in the fixed income market in europe. if you look at the top three performing sectors in europe over the past year, it is many of those. the health care sector, insurance sector and consumer staples. the challenge for us is most of that has been driven by multiple rewriting. it off theave taken table and look to harvest that yield. at a time when people are relatively cautious on the wider

citizens europe has had to tighten its borders in order to prevent right wing populist from gaining the upper hand so they let me start out by asking you about the numbers that we're seeing as i mentioned this is in fact the biggest wave of refugees worldwide on record since the 2nd world war why is that and must we expect this trend in fact to continue rising. it's indeed the case that the refugee influx to europe has been unprecedented since world war 2 but the reasons are very diverse we see people fleeing from war but also people searching for opportunities in europe so. there's on the one hand the intensification of war and conflict in the middle east and hardships in south america that lead to large movements of people but there's also economic developments in africa that lead to an increase in the number of migrants arriving from there and also crossing the mediterranean through libya. those who advocate tighter borders often see refugees as people who are making an economic choice basically looking for a better life those who advocate doing more to open borders to receive them t

brittain is poised to withdraw from europe at a time when europe is withdrawing from the world. the continent was once led by figures like thatcher and cole who all believed europe had to play a priv toll role in global affairs. they built the single market, navigated the collapse of the soviet empire, welcomed in the countries of eastern and central europe, and projected western values onto the post cold war world. today, european leaders are consumed with europe's economic strains, populus politics and anti-european back lashes. jaer i mean is in caretaker mode. macron wants a stronger europe but is bedeviled by troubles. and europe suspect businessly preparing for an exit. the main challenge to gloeblt stability is order is obvious. it is the assertive powers like russia and china. europe could play a crucial role in helping to reserve the rules and values that have been built up since 1945. but europe would need to harness its power and act with purpose. in fact, it's moving in the opposite direction. we are watching the sh rivling of a group of nations that have defined and

i would like to stay with europe. bond bullstill some left in the market. >> ecb is likely to deliver what they said they will deliver at the meeting. even maybe more. favor funds over treasuries because we believe the ecb is likely to deliver the full amount of priced in monetary policy easing. jonathan: the key line for many of you, you should have seen the faces being pulled when that was being aired on this program. buns and -- outperforming treasuries. >> we would take the opposite side of that trade. not to say that we are haters of that our viewhink is the fed is more likely to overdeliver than the ecb is. >> i would agree. the ecb can't really do much so it is difficult to get super excited, >> i could see in the short run you might see bunds outperform just because depending on the duration, the steepening of the curve. over the long run it is hard to see you -- see that. basisan: we have had a 17 move. the chart tells in the story. it has been quiet. have that hardly anyone has talked about it. >> if you thi

will women's power drive europe forward. funded lyon has been in brussels the last few days courting europe the members of the european parliament how does she do. i'm not in brussels i don't know but i think she is doing a stone just that she is building a program from thin air very fast she has a team behind her she needs to be a consensus to be confirmed next week interestingly enough she does have the backing of some of those eastern european leaders we've been talking about and also the populist leader in italy what does that tell us. she's more known and more positively known politician in the center it in europe than many others as a minister of defense she tried to forge a common line between the your nato. and basically i think position on germany in central eastern europe is more. balance than it was before even a writer except a german many of these leaders rather accept a german conservative candidate at the top job by the european commission than a socialist the dutch person because there was a perception that.

i want to stay with europe. blackrock proving that proving there are still some bond bulls left in the market. >> the ecb is likely to deliver what they say they will deliver at the central meeting. in fact, maybe even more. as odd as it may sound, we have a near-term favor of bunds over treasuries because we believe the ecb is more likely to deliver the full amount of priced in monetary policy easing. jonathan: the key line for many of you, as odd as it sounds, you should have seen the faces being pulled when that was being played out live on a program. your thoughts on that bunds , outperforming treasuries? matthew: we would take the opposite side of the trade. not to say that we are haters of bunds but our view is the fed is more likely to overdeliver than the ecb. mike: i would agree. the ecb cannot do much. difficult to get super excited at this point. kathy: i could see in the short run you see that outperform, depending on the duration, the steepening of the curve. over the long run, hard to see that. jon

and europe. what is telling you the weak point is still to come and how can you be so surprised -- precise? steen: we know the credit impulse dictates 60% of all future -- economic activity nine months forward. you have 60% of the explanation of economic activity going forward. there is 40% unexplained, which can be trump, the ecb, central-bank policy. but if nothing changes in terms of dynamics, impulses, you almost have 100% transparency. we've used this over the last three years to call economic cycles and it has been useful in doing that. if you look at the u.k. come europe, u.s., and china, they are first to stabilize this year and they are coming off again, indicating the low point is ahead of us in terms of economic activity. anna: you seem to have a gloomy view of where we are heading for the global economy. is one of the risks to that president trump realizes things are slipping away and decides to change tack? do a deal with china? is that within his control and with that then -- would