>> president of the european commission delivering his state of the european. he talked about the importance of a strong and united europe and the ongoing brexit negotiations and this was held in france. it's an hour. >> mr. president. honorable members. ood morning. sometimes, history moves discreetly. when we are talking about the work of a commission, which only has a five-year time to make some change, over such a short time, you can't bring about a big change in the state of affairs. the current commission, like its predecessors, is an episode of a brief moment in time in the long history of the european union. our plan has not yet come. our commissions are not yet going to take stock before you of everything we have done over the past four years. on the contrary, i will tell you that work will continue over the coming months. to ensure that our imperfect european union becomes even more -- becomes a little more perfect every day. we still have things to do. which is what i wish to discuss with you this morning. no satisfaction modesty taints my results. t

is trying to encourage european businesses to bypass u.s. sanctions but it seems like some big players are not willing to take the risk. return to iran to do business last year after a seventeen year absence the german auto giant said it wanted to reestablish a presence in the country it's signed contracts to import several vehicle models to around. other german companies like b a s f we're also investing in iran but could there be a u. turn the us ambassador to germany richard grenell said b.s.f. is now accessing the iranian marcus he said that the car giant was complying with u.s. sanctions against the islamic republic. tweeted b a s f will comply with u.s. sanctions on iran. b.s.f. has not yet responded to the ambassador's tweet nor has the w. at least not directly the carmaker says it's complying with all laws and export regulations one is an e.u. law that says european companies don't have to comply with the u.s. sanctions on iran but more companies are choosing to play it safe they fear doing business in iran could hurt their access to

pushing for a european uni. we should be stepping into a dimension of post christianity. and post nations and our goal is totally different we want a strong european union based on strong member states and we want a europe which sticks to its christian heritage so number one we don't want europe to get rid of the christian heritage and we want the member states to stay as member states we don't want you know give up our nationality we don't want to give up our culture of we don't want to give up our heritage and so on and so forth so this is a big clash between those who want to see european union as post christian as post national and us who want to see europe as a christian continent based on strong member states european commission's undertaking legal action against hungary for its law targets those who help asylum seekers do you think this goes to all the way to the european court of justice could could actually hunger again then scrap the law look the thing is the following we are a country we are a state a

sanctions altogether or can the european union can european countries in fact do business buy oil from iran using the euro. willie could it be they could buy any currency they want but but it's completely inaccurate to say that the r. and b. is now a global substitute for the dollar when it comes to the oil trade. what what is being discussed here is that in shanghai the chinese government has set up an oil futures trading platform in china and this has garnered significant trading volume what is very important to note on this is the important part well suppliers are still paid in hard currency so the transaction will take place such that it will be denominated in side of china in orem be however if you're on it if saudi arabia if anybody else wants to take that money out of china they have to turn turn it into dollars euros whatever they want and so it's completely inaccurate to say the global oil suppliers can you can get paid in in an r. and b. there is the amount of r. and b. outside of china is is is virtually negligible almost zero in the grand scheme of things but most of all th

well you know since there are a european people and european citizens to vote on the e.u. elections i think we should leave it to the europeans number one number two we are part of the biggest european party family european peoples party and the strongest and the most successful party of the european peoples party so we hope that our party family will be successful and the hope that we can change the general attitude of the people's party which is now well migration by migration attitudes and so present and your prime minister obviously get along very well present and meyerson store brand greatly do you think this could actually be a real help in some way for hungary or is it just an ideological liking while you know under the democrat administration under president obama we suffered a lot because the american that time administration the made open attempts to interfere into our domestic. internal politics now such kind of attempts are not happening anymore for us it's great in many cases we receive things in a similar way but we have to understand that they are the number

european party family european peoples party and strongest on the most successful party of the european peoples party so we hope that our party family will be successful and the hope that we can change the general attitude of the european people's party which is now well migration by migration attitudes and so present and you're a prime minister obviously get along very well present and meyerson greatly do you think this simplicity could actually be a real help in some way for hungary or is it just ideological liking while you know under the democrat administration under president obama we suffered a lot because the american that time administration the made open attempts to interfere into our domestic. internal politics no such kind of attempts are not happening anymore for us it's as great in many cases we received in a similar way but we have to understand that they are the number one superpower of the world and we are a small sensor european country so we know our place we are aware of our size and by measuring what we we we find some ideas of president from very fresh and so when h

elections next year will be maybe the most important european elections ever in the european history european parliament elections were always elections in which it seems a joke but it is reality europe was not the matter was not the core of the discussion. each country was having european elections to discuss the massacre for years to try to check the popularity of the government and so on and so forth it is the first time. that the european elections will change in any way the european path because you know for twenty years until now the european parliament was formed around two pm political peelers center left center right all the political decisions even on russian sanctions or trade issues are the outcome of an agreement between these two political families so the european parliament political landscape it's an easy seat landscape because you have two groups you have to do you need the agreement between two groups and that's it that will change next year next year you will have fragmentation probably it would be necessary to have the agreement among four groups to need to have a

european capabilities on defense. for instance, the u.s. has one main -- one battle tank and in europe they have 7. it's much less scale, much more costly so if the european corporation can address the european defense industry, that would be good for all of us. but european eu efforts on defense can never replace nato partly because if you look at the figures when uk leaves eu 80% of nato's expenditures would come from noneu allies. so in no way can replace nato. this is not only about money but geography, if you look at geography, in the north you have norway, iceland, north atlantic, in the south turkey and other allies and in the west you have canada, united states and uk and, of course, any credible defense of europe needs those capabilities and also the geography of this allies to be effective in defending europe, so, yes, i believe in stronger european defense, i believe in stronger eu efforts on defense but not as alternative but something which is complementing nato. >> last time the nato strategic concept wa

elections next year will be maybe the most important european elections ever in the european history european parliament elections were always elections in which it seems a joke but it is reality europe was not the matter was not the core of the discussion. each country was having european elections to discuss the massacre for years to try to check the popularity of the government and so on and so forth it is the first time. that the european elections will change in any way the european path because you know for twenty years until now the european parliament was formed around two big people political peelers center left center right all the political decisions even on russian sanctions or trade issues are the outcome of an agreement between these two political families so the european parliament political landscape it's an easy. landscape because you have two groups you have to do you need the agreement between two groups and that's it that will change next year or next year you will have fragmentation probably it would be necessary to have the agreement among four groups to me to h

union because our interest is to have a strong european union under it can be strong in a strong european union and this is the this is the focal point of the debate how to make european union strong again and there's a big clash between the some western european and to slip through the strait were pushing for a european union which should be stepping into the dimension of post christianity. and post nations and our goal is totally different we want a strong european union. it's been strong member states and we want a europe which sticks to its christian heritage so we're number one we don't want europe to get rid of the christian heritage and we want member states to stay as member states we don't want our you know give up our nationality we don't want to give up our culture we don't want to give up our heritage and so on and so forth so this is a big clash between those who want to see european union as post christian as post national and us who want to see europe as a christian continent based on strong member states european commission is also undertaking legal action against hungary

the europeans expect, quite rightly, that the european union protects them. the commission is proposing new terroristy to counter propaganda and to take it down on the internet within an hour. that is the divisive time window when the greatest damaged can take place. we are also proposing that the tariffs of the new upn -- european public prosecutor will be extended when it comes to fighting terrorist acts. we must be able to prosecute terrorists across borders. terrorists don't know borders. shouldn't make us there are cap wishes. their accomplices. we must be equally decisive to make sure there are free and fair elections in europe. the commission is proposing new a look for aect persons by manipulation from third countries. and huge private interests. leadership, seeking compromises, it is urgently needed in migration issues. , more thane progress is claimed. five out of the seven commission proposals to reshape our migration system were adopted. our efforts have been successful. there are 97% less migrants in the eastern mediterranean and 80% less in the

elections next year will be maybe the most important european elections ever in the european history european parliament elections were always elections in reach. it seems a joke but it is reality europe was not the matter was not the core of the discussion. each country was having european elections to discuss the mess because hers to try to check the popularity of the government and so on and so forth it is the first time. that the european elections will change in any way the european path because you know for twenty years until now the european parliament was formed around two big people ethiopian lawyers center left center right all the political decisions even on russian sanctions or trade issues are the outcome of an agreement between these two political families so the european parliament political landscape it's an easy. landscape because you have two groups you have to do you need the agreement between two groups and that's it that will change next year next year you will have fragmentation probably it would be necessary to have the agreement among four groups to need to ha

elections next year will be maybe the most important european elections ever in the european history european parliament elections were always elections in reach. it seems a joke but it is reality europe was not the matter was not the core of the discussion. each country was having european elections to discuss the mess because there's to try to check the popularity of the government and so on and so forth it is the first time that the european elections will change in any way the european path because you know for twenty years until now the european parliament was formed around to be peeled political peelers center left center right all the political decisions even on russian sanctions or trade issues are the outcome of an agreement between these two political families so the european parliament political landscape it's an easy seat landscape because you have two groups you have to do you need the agreement between two groups and that's it that will change next year next year you will have fragmentation probably it would be necessary to have the agreement among four groups to need t

elections next year will be maybe the most important european elections ever in the european history european parliament elections were always elections in reach. it seems a joke but it is reality europe was not the matter was not the core of the discussion. each country was having european elections to discuss the mess because hers to try to check the popularity of the government and so on and so forth it is the first time that the european elections will change in any way the european path because you know for twenty years until now the european parliament was formed around two big people ethiopian lawyers center left center right all the political decisions even on russian sanctions or trade issues are the outcome of an agreement between these two political families so the european parliament political landscape it's an easy seat landscape because you have two groups you have to do you need the agreement between two groups and that's it that will change next year next year you will have fragmentation probably it would be necessary to have the agreement among four groups to me to h

european union, and we are not going anywhere in terms of the european space agency. we in fact increased our contributions to the european space agency in 2016, after the eu exit referendum. all of that is true but there is one project that, in many ways, dwarfs all others, which is run by the european union, not by the european space agency, and that is galileo. now, galileo, for those who are not familiar, it's the european effort to produce a satellite navigation system, as to rival to america's gps. britain has played a key role in it. we now stand to be frozen out from it. yes, that is very true. we had played a big role in it. we have supplied about 20% of the kit and capability going into the project and, as you say, at the moment, the negotiations are not showing sufficient flexibility on the side of the european commission to enable us to continue to participate. well, as far as the commission is concerned, it is quite simple, if we're leaving the european union — and at the moment it's not even clear there's going to be a deal to get us out of the europea

union report accusing him of undermining democracy as the european parliament debates stripping his country of its voting rights and hurricane florence on a collision course with the east coast of the united states presidents from virginia to south carolina are moving inland bracing for the wrath of a category four storm. and the state of the world economy ten years after the collapse of lehman brothers every learned our lesson analysts say corporate debt has doubled and the wrists are growing as the era of cheap money drawls to a close. it's good to have you with us tonight the turkey is calling on the world to wake up to what is about to happen in syria in the u.s. newspaper the wall street journal turkish. president richard tell you a better one today writes that the entire world stands to pay the price of an assault on syria is it live province and he adds that the consequences of inaction will be immense present to one's morning comes as tens of thousands of people flee it live to escape the syrian and russian forces preparing to take the final rebel stronghold the u.n. says th

acts from all of you did european union this is why i mentioned. the eastern countries but i can mention also for instance mexico we have to. have a new deal with mexico because it's it's for the most russians that we want to be proactive and positive towards north america but we can't accept the sad truth of the case from so you have like you've said in the beginning of the interview that whatever is happening is a mortal threat to europe but i've also heard jinan in to say that trans hostile attitude towards europe is actually going to help you or grow up that's funny because that's what we russians say and what the sanctions the sanctions will help them grow up but are you guys actually when i say you the europeans ready to defy america like serious issues for instance iran sanctions i think iran is is. is really next and acceptable what happened on iran so i think we have to think how to avoid the bad consequences of this huge and so on on iran. it depends on the next elections depends whether he would be reelected or not because one scenario i

the other thing is the european markets of course. you can see the ftse 100 well into positive and the ftse mib that is it for today's show. i'm willem marx. "worldwide exchange" is coming up right now prevagen has been shown in clinical trials to improve short-term memory. prevagen. healthier brain. better life. olay regenerist wipes out the competition; hydrating better than $100, $200 even $400 creams. with our b3 complex, beautiful skin doesn't have to cost a fortune. olay. this wi-fi is fast. i know! i know! i know! i know! when did brian move back in? brian's back? he doesn't get my room. he's only going to be here for like a week. like a month, tops. oh boy. wi-fi fast enough for the whole family is simple, easy, awesome. in many cultures, young men would stay with their families until their 40's. >>> it is 5:00 a.m. and here are the five big things that you need to know to begin this monday morning long-time cbs investor le les moonves is out the chairman calling on apple to bring more production back to america. >>> a develop

we are not going to leave neither the european peoples party nor the europe for obvious reasons. we are europe that we are the people he does behind hungary government is probably the strongest political party with the most support coming from the people. you can get past consecutive european parliament elections so that it would be absurd to be indicating that we have no place in the european peoples or in europe we go for it changing the rules and be called for what the original meaning. now in new york times columnist as being widely mocked for asking social media to remove a clearly photo shopped image of the heroic donald trump kevin race war and social media giants that they could easily have blocked the image of trump which shows the president supposedly helping victims from the twenty fifth texas flooding we stress that the image had gone viral and has been shared almost three hundred thousand times on facebook however the public has gone to town on his claims noting the absurdity of censoring any ultimate yes. there is is is i'm sorry pathetically laughable by many accou

european markets just opening up. bit ofexpecting a little upside around european equities. we are focusing in on individual stocks, ing, danske, an equipment, rentals business, we will look for some movement in that. unicredit be on the move because of talk of command day -- m&a? by two or 3% on some of the big markets in continental europe. matt? matt: this tends to happen. the pound arises, stocks have an adverse correlation in the u.k.. -- rises, stocks have an inverse correlation in the u.k. look at our european headquarters in london. i just made it our world headquarters. health care stocks are doing the slice of theenest pie. health care stocks are outperforming, as well as auto parts, manufacturing, all doing well. the problem is industrials, you see that big red slice of pie, as well as consumer staples and consumer discretionary's. what about the individual movers? anna: i have pulled up the mrr function on the bloomberg showing you the one day moves in the stock. this company up by 6.78%. unisoft shares upgraded to overweight by jpmorgan, with a price target of 1

the european union currently has very strict rules on air passenger rights. if a flight is delayed by three hours or more or cancelled, then you get cash, unless the airline can claim extraordinary circumstances. now, the eu is actually looking at reforming those rules, but the uk government has said that existing standards of air passenger rights will remain in force. what we think we know. the european union is bringing in what i call an online border aimed at non—eu citizens who don‘t need a visa to visit europe. and that is almost certainly the situation that british travellers will be in. it is called the european travel information and authorisation system, and it works like this. you will go online, pay a fee of seven euros, and fill in lots of personal details, including your state of health and any criminal records. your responses will be checked against a range of databases and if you are granted a permit, it will be valid for three years. the european health insurance card has proved extremely popular and the british government says that it wan

in the european union. are you proposing that italy should take itself out of the eu? but, i guess the key question is, are you prepared to play by europe's rules? we have discussed migration policy, which you say you are determined to change because you will not accept the way it works at the moment. but when it comes to economics and finance as well, we see that your government has an ambitious economic programme based on slashing taxes to the flat tax that you want, your partners have a universal basic income idea, there is commitment to massive, new public spending on infrastructure. all of this suggests that you are not interested in the eu's basic financial budgetary rules, which tell us that a country like italy is running an unacceptably high debt of something like 130% of gdp, which must come down. your plan looks like it will make it go up, not down. you know, there is fear in brussels and in berlin and other european capitals about what italy could do to the eurozone and the european economy. to

need to understand two hundred fifty days before european elections more and more europeans and actually believe the far rights idea is that there is an actual link between being a foreigner being a syrian refugee or muslim and being a threat to public order and that has been proven wrong not by myself but by the intelligence services of germany by the french police we can definitely see statistically that a refugee is as dangerous as a standard european you can be good you can be bad that is not the issue and as long as what about about the argument then comes the policy of just allowing in large groups of people may not need the economic in to meet the economic interests of countries like germany that while these economies do need people to make up gaps in their workforce they should be choosing the more skilled labor and the types of people that are really needed rather than just allowing everybody in so-to speak. well interestingly the european parliament has already suggested to answer your question a very strong e.u. position welcoming migrants on specific conditions which or that

european concert on t.w. . an unusual friendship. this is the story of paul and. one is a student from cameroon. the other a filmmaker from germany is rather one now likely never be able to say whether he chose me or i chose him whatever the case is this is the story of how many. on europe's most dangerous border. up. what becomes a documentary. my parents sacrificed everything for i can't go back and it . became a story about those seeking refuge. and those ready to help. when paul came over the city from cameroon to berlin and starts oct fourth on d w. u.s. president donald trump has accused china of attempting to interfere in america's upcoming elections trump made the charge as he opened a meeting of the u.n. security council china's foreign minister rejected the allegation saying breaching does not and will not meddle in any country's domestic affairs. you knew so.

european concert on g.w. . oh cut it a little malaysians. are listening to. the fight against illegal logging. david. against goliath and for me to tell everyone what's going on the fight courageous activists claim against the mighty opponent. system because it is nothing. but who will move. the borneo case starts october ninth on t.w. . and unusual friendship. is the story of paul and he. is a student from cameroon the other a filmmaker from germany has read the likely never be able to say whether he chose me or i chose him whatever the case this is the story of how i met. on the most dangerous place. oh what began as a documentary. to provide for parents sacrificed everything for me i can't go back and. became a story about those seeking refuge. and those to help. when paul came over the city from cameroon to berlin starts oct fourth on t w. u.s. president donald trump has insisted he has evidence that china is attempting to interfere in america's upcoming elections but during a news conference he repeated the allegation he made earlier at a meeting of the

in terms of the euro, that should start to be a tailwind for european earnings and european companies into the second half. it should be positive for technology stocks the second half of the year. headwind ona currency development over the last month. caroline: technology is an area you are interested in. where else are you looking that has value as it stands? >> as long as growth expectations seem to be reasonable, which is the case right now, the sector is going to continue to deliver above average earnings growth which is always good support for outperformance. there has already been a divergence in the sector with more software-oriented companies outperforming. semiconductor stocks have been weaker compared to the other names. we need to watch that sector closely to see if q3 was a soft r a soft patch. indicators for the eurozone point to the upside, which is certainly a positive. but that is something we need to watch closely to judge the overall technology sector. caroline: and you are liking a little bit of luxury? >> yeah, sure. the consumer or consumption demand seems to be i

is trying to encourage european businesses to bypass u.s. sanctions but it seems like some big players are not willing to take the risk. return to iran to do business last year after a seventeen year absence the german auto giant said it wanted to reestablish a presence in the country it's signed contracts to import several vehicle models to around other german companies like b a s f we're also investing in iran but could there be a u. turn the us ambassador to germany richard grenell said b.s.f. is now exercising the uranium marcus he said that the car giant was complying with u.s. sanctions against the islamic republic. tweeted b a s f will comply with u.s. sanctions on iran. b.s.f. has not yet responded to the ambassador's tweet nor has the w. at least not directly the carmaker says it's complying with all laws and export regulations one is an e.u. law that says european companies don't have to comply with the u.s. sanctions on iran but more companies are choosing to play it safe they fear doing business in iran could hurt their access to

we're not going to leave neither the european people's party nor the european union for obvious reasons. we are in europe and b. are the people sputnik does behind hunger in government is probably the strongest part of the party the most support coming from the people of three percent during the past consecutive european parliament elections so that it would be absurd to be indicating that we have no place in new york and beepers party or in europe we go for a change in the rules and we go for restating what the original meaning of europe is instead of letting your pain. roundup of the news and i'll be back at the top of the hour with more but first of all to international it's been bust. so what we've got to do is identify the threats that we have it's crazy confrontation let it be an arms race in this on all fronts very dramatic development only personally i'm going to resist i don't see how that strategy will be successful very critical of god i'm time to sit down and talk. what holds as. we put themselves on the line big get accepted or rejected. so when you want to be president or

in sport we now know where the european football championships will be held in twenty twenty four and we will be here with live reaction to that this is. that's good old sport now here's andy thank you so much as well in the last few minutes germany of won the rights to house the euro two thousand and twenty four football championships the country beats in turkey in a vote held by the european games governing body you wife will be the first time germany's hosted the continent's biggest international football tournament as a unified country it's the false time to keep out of bed for the events rejected now let's turn now for sports correspondent leigh. so why did germany win this song . well the u.i. for president i was on the chair for and said two very strong beds from some very strong football countries but no surprise at all that germany won they were already the favorites going into the evaluation one hundred few days ago and i went out evaluation came back and concerns were expressed by your wife as independent committee about human rights and about infrastructure from that momen

poland already facing a new sanctions hungary has so far been spared european green m.e.p. youth it's not containing believes this is political videsh at the political party its member of the european people's party and they have friends in commission council and in parliament. german conservative any kind of a bar is in a difficult position he leads the european peoples party and takes a much softer stance on migration than the hardline. if you say generally that you have to be afraid of muslims and generally take a religion then you do the chop off that she had it's we have invented human rights and not christian rights. with even his own political allies wavering hungary's premier of victoria or bonn is facing a tense wait for the vote in the european parliament. last night we spoke of correspondent max hall in strasbourg and i asked him which way the vote is likely to go today. it really depends if the e.p. the european peoples party which is a part of so on is a member of the party makes its members stick to a certain party line in this case it would be against article

>> now, the president of the european union with his annual state of the european union speech in strasburg, france, to lawmakers in the european parliament. he underscored the importance of a strong and united europe in the wake of brexit tensions and migration. >> mr. president. honorable members. good morning. sometimes, history moves discreetly. when we are talking about the work of a commission, which only has a five-year time to make some change, over such a short time, you can't bring about a big change in the state of affairs. the current commission, like its predecessors, is an episode of a brief moment in time in the long history of the european union. our plan has not yet come. yetcommissions are not going to take stock before you of everything we have done over the past four years. on the contrary, i will tell you that work will continue over the coming months. to ensure that our imperfect european union becomes even more -- becomes a little more perfect every day. we still have things to do. which is what i wish to discuss with you this morning. no satisfaction modesty taints m

the main basis for partnering in the european union is actually the european space agency not the union or commissions report the majority of our funding through the european space agency which is independent of the european union and we are not going anywhere at weeak in fact increasing contributions in 2016 after the referendum. all of that is true but there is one project which in many ways was many other which is run by the european union and that is galileo. those who are not familiar, it is the european effort to produce a satellite navigation system to rival the american gps. britain has played a key role in it and we now stand to be frozen out from it. that is very. we have supply 20% of the kit and capability of going into the project and at the moment the negotiations are not showing flexibility on the side of the european commission to enable us to participate. from that perspective it is clear. we can no longer be active participants in the galileo project and obviously that has severe applications implications for businesses in the uk which have made a lot of money from gal

putin, for making my country much more european and able to protect european values. transatlantic values and we are confident that we do not return to the russian empire. >> pleasure to have you on. >> thank you. m dreams. pulled from decades of obsession. taken from the souls of artists. we confess. we stole everything we could. from everything we've ever mastered. and put it here. the all-new lexus es. every curve. every innovation. every feeling. a product of mastery. experience amazing at your lexus dealer. there is a chance that's the last time. 300 miles per hour, that's where i feel normal. i might be crazy but i'm not stupid. having an annuity tells me retirement is protected. annuities can provide protected income for life. learn more at retireyourrisk.org mike and jen doyle? yeah. time for medicare, huh. i have no idea how we're going to get through this. follow me. choosing a plan can be super-complicated. but it doesn't have to be. unitedhealthcare can guide you through the confusion, with helpful people, tools and plans. including the only plans with the

proceedings of the rule of law now that would risk them leaving the european people's policy at the european level so basically she always wants to keep them on board whereas the friend to keep him on call has a lot less problems and having a small elite group that takes year of forward ok he is getting a lot of resistance as we heard from max from orbán and salvini let's go back to max in mar say max has been sliding in the polls at home he's seen resignations of some of his top people and this is a very crucial meeting for him in many ways as a. it's always good for him to show on the stage that he is still somewhat the leader of europe a role that he has tried to really take on ever since he got elected last year in the beginning it really seemed like he was the the new king of europe because he was the man with a vision and not afraid to express it but of course this only goes so far especially if you have trouble at home now his troubles at home are very different from those of i'm going to back the approval ratings of machall are connected strongly at least i'm sure i can tell us a fe

it was the same when europeans migration to america its human being is mentally. we're beginning to get cold and those who come to germany are coming to the wrong country if we look at the empty foreign demonstrations in cambridge last week what impression of germany must they get looking at recent events that target all. flushes germany is not the wrong country to come to that it's just that now we're not only in germany but an intellectual hungry too all there are lots of european countries where people are protesting against integration would. it doesn't mean it's the wrong country but i think it's a question of how you communicate this change in society to the population. the question is whether we the media have always done a good job here. you might wish that do we know the background of why so many people flee from their homelands. have we always informed people here about that have we told them for instance who is behind the holes in the congo there is he the congo is such a rich country yet it does so poor why always why did i say that because of the oper

it was the same when europeans migration to america its human being is mentally. with the unity of course and those who come to germany are coming to the wrong country if we look at the anti foreign demonstrations in chemist's last week what impression of germany must they get looking at recent events that target all those letters going fascist germany is not the wrong country to come to that it's just that now it's not only in germany but in l.a. or hungry to all there are lots of european countries where people are protesting against integration would. it doesn't mean it's the wrong country but i think it's a question of how you communicate this change in society to the population. the question is whether we the media have always done a good job here. you might wish that do we know the background of why so many people flee from their homelands. have we always informed people here about that have we told them for instance who is behind the horse in the congo there is he the congo is such a rich country yet it has so poor why always why did i say that because of t

from outside the european union. what we will be doing is putting forward a set of rules or people from the european union and people from outside the european union. the next challenge for you, if you get a deal, will be to get support in parliament. is this the political battle of your lifetime? when we come to the vote in parliament, the important thing is the people to remember what both is and how important it is to the british people because this will be a vote that will be delivering on the referendum result. the referendum was, the result of that was a very important historic moment for the uk, coming out of the european union, becoming a truly independent sovereign state again will be an important moment for the uk. and if parliament votes know? they rejected? when we come to it, parliament will vote for a deal because people will see the importance of a deal that maintains a good trading relationship with the eu but also maintains good cooperation in other areas but gives us cooperation in other areas but g

to take over the european parliament. it might sound like a joke, but it is actually quite worrying if you think that the far right has got into government in italy, the third economy of the eurozone. and, europe is getting very, very nervous about the collision course of the current italian far right government with brussels on financial rules. so it is getting very, very tense in europe. the idea of throwing a lifeline to theresa may might sound appealing, because it would avoid another hardliner in europe, which is not something that anybody wants. that is interesting. do you sense a similar shift? that's really interesting. i think theresa may's scenario points to the fact that there are no strong european governments, they are all facing their own crisis at home. in germany, angela merkel is facing the election in bavaria where her partner in crime, as it were, the csu head, no longer very friendly to her, fights for his survival and so forth. which means that brexit is not agenda issue number one in germany, because

for european automakers. it remains to be seen what happened then's desk what happens with nafta. it remains to be seen what happens with nafta. if can see that chart on the bloomberg at gtv . julie: i think i have to give it to vonnie today. together,ulies stick vonnie. nie: i am honored and humbled. all sorts of emoji's. julie: this is bloomberg. ♪ vonnie: live from new york, i am vonnie quinn. julie: and i am julie hyman. the climax of months of trouble in the banking system in 2008 was a surprise. norman king spoke with guy johnson in london. july 2008, eight was clear that confidence in the banking system was waxing and waning and only a recapitalization of the banking system both in u.k. and the united states would solve the house him -- the problem. we spent a lot of time trying to persuade the government to do this. britain was the first to do it. 2008, after that, one month things seem to be improving a bit, the next month things are getting worse. something deeper would have to be done. brothe

to take over the european parliament. it might sound like a joke, but it is actually quite worrying if you think that the far right has got into power in italy, the third economy of the eurozone. and europe is very nervous about the collision course of the italian far right government with brussels on financial rules. so it is getting very, very tense in europe. the idea of throwing a lifeline to theresa may might sound appealing, because it would avoid another hardline in britain, which is not something anybody wants. that is interesting. do you sense a similar shift? i think theresa may's scenario points to the fact that there are no strong european governments, they are all facing their own crisis at home. in germany, angela merkel is facing the election in bavaria where her partner in crime, as it were, the csu had, no longer very friendly to her, fighting for his survival, and so forth. which means that brexit is not the agenda issue number one in germany, because they have many domestic problems to solve. they are s

european values prime minister viktor orban accuses the e.u. of blackmail. and people in the southeast of the united states are bracing for the worst hurricane in six decades almost two million residents have been ordered ordered by still evacuated as the storm barrels towards the carolinas and virginia . i'm sumi so much drama good to have you with us chancellor angela merkel said there is no excuse for using nazi slogans and attacking minorities in german society she was addressing parliament two weeks after demonstrations against migrants by right wing extremists turned violent in eastern germany the largest opposition party the far right a.s.d. accused of ignoring the concerns of people worried about migration one member of the government accused a.s.d. of using fascist language. as angela merkel arrived in parliament today it was already clear that this wouldn't be a normal address to the bundestag at the forefront was the recent far right violence in eastern germany she started her speech with a strong call for a common togetherness again

is trying to encourage european businesses to bypass u.s. sanctions but it seems like some big players are not willing to take the risk. looks like a return to iran to do business last year after a seventeen year absence the german auto giant said it wanted to reestablish a presence in the country it's signed contracts to import several vehicle models to iran. other german companies like b a s f we're also investing in iran but could there be a u. turn the us ambassador to germany richard grenell said b.s.f. is now exercising the iranian marcus' he said that the car giant was complying with u.s. sanctions against the islamic republic. tweeted b a s f will comply with u.s. sanctions on iran. b.s.f. has not yet responded to the ambassador's tweet nor has the w. at least not directly the car maker says it's complying with all laws and export regulations one is an e.u. law that says european companies don't have to comply with the u.s. sanctions on iran but more companies are choosing to play it safe they fear doing business in iran could hurt t

now let's take a look at where european markets are trading as we head to the european close. here is a picture of the three major indices. companies such as h&m doing well for the ftse 100. the dax down 0.2%. this is bloomberg. ♪ to rent a movie? showtime. or buy the hottest shows. even here? we've got you covered. now they are all yours. to take on the go. on any screen. bingo! alright! and watch whatever you buy. wherever you are. head to xfinity.com/stream to start watching. simple to rent, easy to buy, awesome to go. julie: this is the european close on "bloomberg markets let's take a look at some of your movers today. i want to start off with one of the biggest ones. gain, the best stock on european markets and its biggest gain since 2001 after its third-quarter earnings beat estimates. 5.6% after the ceo said it was able to secure fresh liquidity from five banks. apple provider ams, falling after reports demand for the latest iphone were weaker. sovereign bonds, if we start with sweden, yield rising higher after some hawkish minutes from the central bank. italy, yield

we've seen the gdbr in the european union come into effect. there was a lot of praise of that law from some politicians, even though we know it's imperfect. from yesterday's hearings, what you heard, is there a sense of what we might see out of the u.s. >> i think today there's not much sign of it getting better, that the legislation around this kind of stuff is still very imperfect. it's an entirely new frontier and it's changing every single day. especially when you look at the committees and the way the companies are questioned, there's a lack of tech literacy, not just in the senate hearings, the congressional hearings, but in the questioning of whistle-blowers. there is an issue within government bodies trying to define legislation and what happeneding what n happening. >> you talked about big tech and the influence they can have. something that came to me is the amount of data sharing between the major players, the likes of facebook, google and amazon. you get the sense that they're collecting data and sharing with other third parties, b

need to understand two hundred fifty days before european elections more and more europeans and actually believe the far rights idea is that there is an actual link between being a foreigner being a syrian refugee or muslim and being a threat to public order and that has been proven wrong not by myself but by the intelligence services of germany by the french police we can definitely see statistically that a refugee is as dangerous as a standard european you can be good you can be bad that is not the issue and as long as what about what about the argument then because the policy of just allowing in large groups of people may not need the economic in to meet the economic interests of countries like germany. while these economies do need people to make up gaps in their workforce they should be choosing the more skilled labor and the types of people that are really needed rather than just allowing everybody in so-to speak. well interestingly the european parliament has already suggested to answer your question a very strong e.u. position welcoming migrants on specific conditions which or th

to ta ke alliance of alt right europeans to take over the european parliament. it might sound like a joke, but it is actually quite worrying if you think that the far right has got into power in italy, the third economy of the eurozone. and europe is very nervous about the collision course of the italian far right government with brussels on financial rules. so it is getting very tense in europe. the idea of throwing a lifeline to theresa may might sound appealing, because it would avoid another hardliner in britain, which is not something anybody wants. that is interesting. do you sense a similar shift?” think do you sense a similar shift?|j think theresa do you sense a similar shift?” think theresa may's scenario points to the fact that there are no strong european governments, they are all facing their own crisis at home. in germany, angela merkel is facing the election in bavaria where our partner in crime is at work, the csu head, fighting for his survival, and so head, fighting for his survival, and so forth. —— her partner in crime as it were. whi

which would damage the european union and the u.s. and its integrity i do respect the sovereignty of the british people but i do respect the sovereignty of the twenty seven of them and us and they decided to join the european union with its roots. and i'm here precisely to protect the interests of my citizen but boldly of this common project world the message from mr mccollum was not the only blunt rebuttal to the british prime minister time and time again we heard from e.u. leaders that they will not allow the u.k. to end its membership while trying to walk in some benefits reserved only for each new countries we have more now on last night's dinner that did not end with theresa may having her cake and eating it too it all looked so friendly and polite at the outset there certainly was common interest to come up with a breakfast deal regarding britain's future relationship with the european union but that didn't happen here. it will have to happen at a make or break meeting in a month. european council president donald rejected brita

we are at the european headquarters in london. european equity markets are making some modest gains this morning. anna: coming out of china. we are going to talk about china and the trade story. china is welcoming u.s. invitations for trade talks. about what is going on with brexit. the european union is said to be gambling on theresa may, making concessions on the irish border. bank of england policymakers believe interest rates unchanged. let's get the story from ralf. no change at the bank of england. what do we watch for? ralf: we never were convinced there was ground-cycling. have indicated growth has lost further momentum. the outlook in the forward-looking indicators looks the weakest it has been since 2016. we have had the first positive signs on wages in quite a while. this is about getting a sense of where the bank of england is in terms of that difficult trade-off. is ousted,eresa may what does that do to guilford? ralf: no idea. >> [laughter] ralf: the brexit theme is difficult from a rates market perspective. you have

>> all sorts of products shut out of the european union by the european union's tariff barriers. why do the poorest constituents have to pay above the price for oranges in order to protect european orange growers? we do not grow them in the u.k. and buy them from where we can but because we are within the customs union, we pay excessive prices. let spanish orange growers compete with california and florida. my speech is about the opportunities. it is not all golden at the moment. it is protectionist. there is a barrier. the custom unions shuts out products from this country. go back to david ricardo, the u.s. is good at making something and europe is good at other things and they should be able to sell as possible. -- to sell as freely as possible. >> ted, and then the next question. >> ted from the heritage foundation, enjoy your remarks. six months ago we hosted an irish delegation, i will not name them for fear of causing them embarrassment. i asked them privately whether they were concerned and their comment was, their concern was what the european union would look like after

it was the same when europeans migration to america its human being is mentally. we're beginning to get cold and those who come to germany are coming to the wrong country if we look at the empty foreign demonstrations in communities last week what impression of germany must they get looking at recent events that target all those letters going to flush germany is not the wrong country to come to that it's just that now it's not only in germany but in italy or hungry too oh there are lots of european countries where people are protesting against integration would. it doesn't mean it's the wrong country but i think it's a question of how you communicate this change in society to the population is. the question is whether we the media have always done a good job here is a quibble with that do we know the background of why so many people flee from their homelands. have we always informed people here about that have we told them for instance who is behind the holes in the congo there is he the congo is such a rich country yet it is so poor why always why the prices beca