next meeting later this month but with all this within the mandate of the european central bank. well of course that's a matter of discussion especially here in germany many conservative monetary policy pundits believe it would not be within the mandate but you know mario draghi has constantly been repeating that it's the political leaders who have to come up with better ideas in order to make the economy work and it has to be said since the financial crisis the e.c.b. has failed to meet the target of price stability which is you know a consumer price inflation of 2 percent or slightly below that so the central bankers think that they have to come up with some creativity and in frankfurt thank you. jobs are a battleground going into greece's national election on sunday the government's austerity drive has left deep scars youth unemployment in greece is at 40 percent he's leading in the polls of both promising tax relief and strong economic growth. the mood at the south and market ahead of the election is dreadful many feel deceived by the government despite improvements to things

the european central bank is treated differently. when you look at the political jobs, looking at the european council in european parliament, they come as one unit. the european parliament will have to approve them. in principle, that would happen tomorrow. there could be pushback. the question is, will this fly when it gets pushed to a vote? we just heard from jean-claude juncker who hopes that is the case. obviously, rejection of the entire package could lead to an institutional crisis in europe. political convention will tell you leaders would not put this to a vote if they were not sure that it would be cleared in a parliamentary vote. the moment, we are seeing donald tusk speak, saying lagarde will be perfect for the ecb president job. earlier, jean-claude juncker says he things parliament will vote for the eu job package. tell us about the procedural steps going forward. it is interesting that donald tusk said christine lagarde is a great fit for the european central bank's. prior to going into the summit, many argued the next

central bank also coming up. in aggravation the whiskey wars the us is threatening europe with terrorists on scotch and more in a years old dispute and it's getting hotter and eventually the heat is going to hit the bottom line a new report highlights the impact of global warming on the world economy. i'm chris cuomo welcome to the program. she is the head of the international monetary fund the world's most powerful woman according to forbes magazine and now it looks like she will become the president of the european central bank christine legarde career might lead her to frankfurt and in her new potential position at least one thing will be familiar to her. christine lagarde is certainly used to being labeled as the 1st woman to for example she was the 1st woman to become finance minister in france in the position she burnished shows as an international stateswoman during the financial crisis she played a key role in the global response as markets collapsed. valuable experience that certainly helped her get elec

reserve in the united states if we look at the european central bank there is again talk about. monetary easing you know how to how to stimulate growth how to get the economy going again so no easy task certainly for here for her should she become the next president of the european central bank indeed but she's well positioned to take on those challenges it seems are a christopher koper from the business thanks so much. are at the let's get more on this now with max huffman he is an strasburg where the european parliament is situated of max so good to see you so we've heard now we have this confirmation of these nominees from e.u. leaders we've heard that there's a little bit of a revolt there among european parliament lawmakers that they're not so happy about some of these choices is that true what's happening there. well remember especially the well the proposal in this case for commission president was enough on the line has to be approved by the european parliament and the european parliament insisted that they would only approve someone who previously was a lead candidate d

now she's stepping down to become president of the european central bank of course as the 1st woman ever. of course the european parliament needs to approve christine lagarde in her potential new job for a closer look at her career let's cross over to washington and our correspondent helena humphrey how are the people at the i.m.f. sad to see christine lagarde go i think there is certainly the sense case kristoff that she has a very strong legacy at the international monetary fund remember of course that she came to the fund very difficult time 2011 we just saw the abrupt departure of dominique scoffs kahn and made allegations of rape it was also the often off of the global financial crisis so a very tough economic period leading christine legarde to once famously quipped that have the lehman's brothers' bank been the lehman's assist is that the global financial crisis might not have happened a toll so certainly a firebrand for more women in positions of economic leadership and power and of course the greek debt crisis as well very much put her in the spotlight despite the fact that chri

people on the markets believe that this is exactly what the european central bank will decide at its next meeting later this month the european union has spent several years trying to advance the economies of the western balkans but it's got competition on its head in montenegro china is pumping funds into the e.u. candidate state at an increasing rate and companies and besting in infrastructure. china's road and bridge corporation is building a brand new highway across montenegro from the capital pod go richard to neighboring serbia price tag 840000000 euros an entire village of construction workers has moved in from china for the project one of a series of construction contracts won by the chinese in the balkans. it's part of china's belgian road initiative or new silk road the global infrastructure project which will transport chinese goods directly to europe chinese investors are also taking over profitable businesses like slovenian kitchen appliance make it go in year which produces mostly in serbia but they're also buying up some of the struggling heavy industries left over fro

central bank e.u. leaders in brussels are still tousling over who will get the top jobs in the union today is already marks the 3rd day of deliberations with so far little results and little unity over who should head the european commission will become its top diplomat but is there no a breakthrough over who could become the new president of the european central bank with the leg up the current head of the international monetary fund is being floated for the position now let's get the latest on this from our correspondent in frankfurt where the e.c.b. is based on a doozy what are you hearing there in frankfurt would she be a good choice. she would definitely have to have the right credentials hard with her background as a french finance minister who never gated her country through the financial crisis and of course with her background of being the i.m.f. managing director and chairwoman in terms of her monetary policy positions her likely positions i have to say there is a bit of a negative bias here

the european central bank is in for its 1st female leader good at the i.m.f. for saying the gods pull together the blocks economy says the president of the e.c.b. . austria bans all use of the world's most widely used to have us i'd like to say a huge blow to new waters bio. and facebook's fledgling cryptocurrency libra faces more scrutiny from both sides of the atlantic. and paid for soul and extra business she's got big shoes to fill our druggies time as boss of the european central bank is pretty much up e.u. leaders nominating i.m.f. managing director christine lagarde to take over a position still needs confirmation analysts say it will be difficult for her to emulate the eye catching policy steps of super mario she's a ready one of the most well known figures in international finance bringing with her a wealth of experience and a reputation as a trailblazer for women in 2007 christine legarde became the 1st female finance minister of france an experience that french president emmanuel mccoll says could benefit her as e.c.b. had. she was the finance minis

stood by its director now she is stepping down to become president of the european central bank of course as the 1st woman ever. of course the european parliament needs to approve christine lagarde in her potential new job for a closer look at her career let's cross over to washington and our correspondent helena humphrey how are the people at the i.m.f. sad to see christine lagarde go. i think there is certainly the sense case christophe that she has a very strong legacy at the international monetary fund remember of course that she came to the fund out of a very difficult time 2011 we just saw the abrupt departure of dominique scoffs kahn amid allegations of rape it was also the often off of the global financial crisis so a very tough economic period leading christine legarde to once famously quipped that had the lehman brothers bank been the lehman's system is that the global financial crisis might not have happened a toll so certainly a firebrand for more women in positions of economic leadership and power and of course the greek debt crisis is well very much put in the spotlight desp

central bank e.u. leaders in brussels are still tousling over who will get the top jobs in the union today's already marks the 3rd day of deliberations with so far little results and little unity over who should head the european commission or become its top diplomat but is there no a breakthrough over who could become the new president of the european central bank with the leg up the current head of the international monetary fund is being floated for the position now let's get the latest on this from our correspondent in frankfurt where the e.c.b. is based contribution what are you hearing there in frankfurt would she be a good choice. she would definitely had to have the right credentials gary hart with her background as a french finance minister who never gated her country through the financial crisis and of course with her background of being v i m f managing director and chairwoman in terms of her monetary policy positions her likely positions i have to say there is a bit of a negative bias here

central bank. there are two appointments who will help boost the technical the one on the left is the vice president of the european central bank. chief lane is the economist of the european central bank and former govererr of the irish central bank. j job,oever getets the t top ththere will be plenty of chchlenges ahead. ststephen: growth in the euro ze is sluggish. inflation is below the central banks' target as well. the banks have two manage the economy are limimited as well. there are structural issues with the way the ecb works. banking hasowards been slow. nadia: farmersrs are protesting ovover a new deal. gett took k over a y year the deal s signed last friday. french farmers have been protesting they are u unhappy tariffs would be cut. they say it wiwill hurt their livelihood. ofa show of ang i in frontt government offices across france. >> they are trying to kill us off. it is unacceptable. we are against it. we are going to fightht. tomorrow, we will still be here. >> under the deal, eur

central bank you've got 19 of the 28 countries using the euro the president of the european central bank has a huge influence over what kind of policy is made mario draghi in that job at the moment they get to decide on inflation rates whether to raise or lower them this is a really key position and i think that christine lagarde is is really a strong candidate people have a lot of confidence in her having seen her as head of the i.m.f. for all these years until now as the german defense minister says if the world is not familiar with her that could soon change. and do we know why she was nominated. she was essentially nominated because she pleased most if not all european leaders obviously i'm going to merkel she also pleased to call my own sort of funny and i and speaks french she was born in belgium grew up in belgium so is also a staunchly european she also pleased the some of the eastern european countries mr obama's spokes person specifically said that earlier today so that's what probably the reason why she was nominated for these very important posts and when you ask who she

skateboarders in the shadow of the european central bank don't care about the monetary policy of the central bankers the guardians of the euro behind the skatepark have been toiling for years to keep the economy on the financial markets going mario draghi wants a stable euro and healthy public finances for the euro zone and he reminds politicians about this at every press conference. women titian of structural reforms to newark around trees need to be substantially stepped up to most of europe of activity and growth potential reduce structural unemployment and increase resilience after the global financial crisis it was dragging and not the european governments who acted as the savior by buying up around 2.6 trillion euros in government debt now it's really a euro zone's number one problem child is getting itself more and more into debt dragging has to keep interest rates low so that member states do not become insolvent. after iran's ayatollah mahdi on the one hand maher drag established a monetary union in 2012 however he also steered the european central bank very close to the pol

central bank. in addition to the european mcarthur to connote of forethought from their alliance intentions to nominate france to mouth and market the starker as the highest ranking vice president of the commission. we also expect to flow from the lion to ensure an appropriate geographical balance in the team of vice president. i wish the new leaders of the best thank you. thank you who are now open the floor for your questions for you have to 1st. yes hello president i'm hearing your rebuttal from your octave how about the parliament i mean i know it's it's not you it's the parliament but it was anyway part of the package so. you didn't mention. what are the names that were discussed for. the european parliament president obviously dividing them on between 2 to. you you must be aware that. the name of surrogates an issue for example is circulating. can you elaborate. far vessels i want to be at the alligators for civil. we know where the. this is for the parliament to decide on the names our inten

skateboarders in the saddle of the european central bank don't care about the monetary policy of a central bankers the guardians of the euro behind the skatepark have been toiling for years to keep the economy on the financial markets going mario draghi wants a stable euro and healthy public finances for the eurozone and he reminds politicians about this at every press conference. women titian of structural reforms in your account trees need to be substantially stepped up to most of europe of activity and growth potential reduce structural unemployment and increase resilience after the global financial crisis it was dragging and not the european governments who acted as the savior by buying up around 2.6 trillion euros in government debt now it's really a euro zone's number one problem child is getting itself more and more into debt druggy has to keep interest rates low so that member states do not become insolvent . after iran's i talk molly on the one hand mar drag establish the monetary union in 2012 however he also steered the european central bank very close to the political line and

the bundesbank here in germany in the top position of the european central bank or booze there in frankfurt thank you. and of course we'll have an update on for seedings in brussels in the news at the top of the hour. united states has threatened to impose tariffs on a further $4000000000.00 worth of european union goods in a dispute over subsidies the e.u. and the u.s. accuse each other of using state handouts to give their respective companies a competitive edge promise on cheese all lives pasta and scotch whisky face high import taxes taking the total value of your goods hit with the u.s. tariffs to $25000000000.00 u.s. dollars the u.s. will impose pujas tariffs on its own worth 12000000000 of the. u.s. education giant boeing reportedly hired developers at an indian subsidiary to create the software that's thought to have led to 2 deadly crashes of its 7 through 7 max jets according to bloomberg some of the programmers were paid as little as $9.00 an hour the plane software was being developed at a time when the company was laying off experienced engineers and putting pressure on supplie

resignation from the imf, her decision to become the head of the european central bank. good morning, asia, hello world. it's a wednesday. that you could join us foran it's a wednesday. that you could join us for an exciting addition of asia business report. i am rico his own. let's start off with facebook, the social media giant's plans for cryptocurrency has come under further attack by us politicians. the latest comments follow criticism by president trump, the treasury secretary steven mnuchin, and jerome powell. appearing in front of the senate banking committee, facebook executive david marcus defended this project. i believe that if america doesn't lead innovation in digital currency, and payments areas, others will. if our country fails to act, we could soon see a digital currency controlled by others, whose values are dramatically different from oui’s. are dramatically different from ours. i believe that liber can drive does it have changed for many people and provide an opportunity for leadership consistent with our shared values. north america reporter dave

central bank you've got 19 of the 28 countries using the euro the president of the european central bank has a huge influence over what kind of policy is made mario draghi in the job at the moment they get to decide on inflation rates whether to raise or lower them this is a really key position and i think that christine lagarde is is really a strong candidate people have a lot of confidence in her having seen her as head of the i.m.f. for all these years until now as the german defense minister if the world is not familiar with her that could soon change. and do we know why she was nominated. she was essentially nominated because she pleased most if not all european leaders obviously i'm going to call she also pleased to call my own sort of funny and i and speaks french she was born in belgium grew up in belgium so is also staunchly european she also pleased some of the eastern european countries mr obama's spokes person specifically said that earlier today so that's what probably the reason why she was nominated for these very important posts and when you ask who she is she's obvi

central bank you've got 19 of the 28 countries using the euro the president of the european central bank has a huge influence over what kind of policy is made mario draghi in that job at the moment they get to decide on inflation rates whether to raise or lower them this is a really key position and i think that christine lagarde is is really a strong candidate people have a lot of confidence in her having seen her as head of the i.m.f. for all these years until now as the german defense minister says if the world is not familiar with her that could soon change. and do we know why she was nominated. she was essentially nominated because she pleased most if not all european leaders obviously i'm going to call she also pleased to call my own sort of funny and i am speaks french she was born in belgium grew up in belgium so it was a staunchly european she also pleased some of the eastern european countries and mr obama's spokes person specifically said that earlier today so that's what probably the reason why she was nominated for these very important posts and when you ask who she is

central bank. if appointed she will become the first woman to head the eurozone's monetary policy maker. ms lagarde has temporarily stepped down from her role at the imf, with her deputy david lipton standing in as acting managing director. shares of tesla soared 7.5% in after hours trade, after the electric car maker blew away wall street's expectations for deliveries. tesla delivered 95,200 vehicles in the second quarter, an all time record number and a 51% increase on the first quarter. a giant of the us car industry has left us. lee iacocca, the charismatic executive who gave america the ford mustang and was celebrated for saving chryslerfrom going out of business, has died at the age of 94. he also led the campaign to restore the statue of liberty and ellis island. at the start of his first term in office, prime minister narendra modi was applauded by entrepreneurs for his flagship sta rt—up india initiative. but with the country's economy slowing, entrepreneurs are hoping for fresh funds fr

central bank you've got 19 of the 28 countries using the euro the president of the european central bank has a huge influence over what kind of policy is made mario draghi in that job at the moment they get to decide on inflation rates whether to raise or lower them this is a really key position and i think that christine lagarde is is really a strong candidate people have a lot of confidence in her having seen her as head of the i.m.f. for all these years until now as the german defense minister and if the world is not familiar with her that could soon change. do we know why she was nominated. she was essentially nominated because she pleased most if not all european leaders obviously going to merkel she also pleased to call my own sort of funny and i and speaks french she was born in belgium grew up in belgium so is also staunchly european she also pleased some of the eastern european countries mr obama's spokes person specifically said that earlier today so that's what probably the reason why she was nominated for these very important posts and when you ask who she is she is obvi

central bank you've got 19 of the 28 countries using the euro the president of the european central bank has a huge influence over what kind of policy is made mario draghi in that job at the moment they get to decide on inflation rates whether to raise or lower them this is a really key position and i think that christine lagarde is is really a strong candidate people have a lot of confidence in her having seen her as head of the i.m.f. for all these years until now as the german defense minister says if the world is not familiar with her that could soon change. do we know why she was nominated. she was essentially nominated because she pleased most if not all european leaders obviously i'm going to merkel she also pleased to call my own sort of on the line speaks french she was born in belgium grew up in belgium so is also staunchly european she also pleased some of the eastern european countries and mr obama's spokes person specifically said that earlier today so that's what probably the reason why she was nominated for these very important posts and when you ask who she is she is

central bank you've got 19 of the 28 countries using the euro the president of the european central bank has a huge influence over what kind of policy is made mario draghi in that job at the moment they get to decide on inflation rates whether to raise or lower them this is a really key position and i think that christine lagarde is is really a strong candidate people have a lot of confidence in her having seen her as head of the i.m.f. for all these years until now is the german defense minister and if the world is not familiar with her that could soon change. and do we know why she was nominated. she was essentially nominated because she pleased most if not all european leaders obvious the merkel she also pleased to call my own sort of funny and i am speaks french she was born in belgium grew up in belgium so is also staunchly european she also pleased some of the eastern european countries mr obama's spokes person specifically said that earlier today so that's what probably the reason why she was nominated for these very important posts and when you ask who she is she's obviously

women are set to be at the helm of the european central bank and commission. christine lagarde is set to take over for mario draghi as head of the ecb when his term ends in october. germany's defense minister has been put forward to lead the commission. for more, maria in brussels. let's talk about christine lagarde. what type of central banker is she inspected to be -- expected to be? >> she was an unexpected choice. she wasn't even in the short list on monday. it took some people by surprise. there's an idea that she's not a that,l banker by nature -- nature, that she comes from the world of politics. she is well-known in the international finance community. in thewell-known political world. she is not your typical central banker. the market is reading into this appointment. continuation. if you look at everything she has said about mario draghi and his policies, he did what he had to do to prop up the european recovery. what could be in store for christine lagarde? the market has set out her work for her. everyone is expecting some kind of stimulus coming f

the european central bank is in for its 1st female president president is that any . economic policy experience function. 3 german industry groups flash their production forecasts pointing the finger at the globe straight wall. and good sunny days of portugal's tourism bureau calls to see cuts all right. i think it's all a business she's got big shoes to fill mario druggies is time as both of the european central bank is pretty much up e.u. leaders nominating i am managing director christian god to take over the position still he confirms analysts say it will be difficult for her to emulate the eye catching policy steps of the current president the euro slipped on the news she's a ready one of the most well known figures in international finance bringing with her a wealth of experience and a reputation as a trailblazer for women in 2007 christine legarde became the 1st female finance minister of france an experience that french president emmanuel mccall says could benefit her as e.c.v. head. she was the finance minister at a time when it was particularly complicated a

commission the european central bank and the international monetary fund. other over indebted countries in the euro zone will be controlled by the troika in turn and subjected to similar was $35.00 which. was. the sound of those protests reached all the way to brussels the troika had become a thorn so much so that the european parliament held a special session about the troika's actions national and european m.p.'s questioned european leaders besides they cannot be many up she may be years. to program others will be violent as the lover broke out of that other stuff we give a shit that asked them oh yeah could it because i'm sure there's the decrease. yet if you asked again i got these theories a bit bestseller frona yum of the 2 stars though the troika is the lover there make the human more p.c. caring for. yet the message. valid only we have a plan this is the problem. here to promote to close then i want to go. home and import a parliament in parliament in evolution parliament even. start to phone and democratic your own guns.

central bank can do? >> accommodation might be appropriate for the next few months, but there's only so low that you can go. definitely there's a need to look towards fiscal policy and how that can support or go hand in hand with monetary policy >> they've shown a little leeway with italy in the last couple weeks. thank you very much for taking the time to chat with us >>> steven mnuchin says libra needs to regulate to operate more on facebook's cryptocurrency concerns after this break new align whole food probiotic. a blend of quality probiotics and fermented whole food botanicals, expertly curated to naturally support your gut health every day. go with align whole food blend. from the pros in digestive health. >>> welcome to "street signs." i'm joumanna bercetche and these are your headlines bayer stock jumps as investors welcome a decision by a u.s. judge to cut damages in a round-up case by more than a third. >>> burberry shares hit their highest level in 11 months after sales of the luxury retailer r

central bank with a leg up the current head of the international monetary fund is being floated for the position now let's get the latest on this from our correspondent in frankfurt where the e.c.b. is based on a doozy.

welcome but 1st will christine legarde become the next chief of the european central bank e.u. leaders in brussels are still tousling over who will get the top jobs in the union today's already marks the 3rd day of deliberations with so far little results and little unity over who should head the european commission will become its top diplomat but is there no a breakthrough over who could become the new president of the european central bank with the leg up the current head of the international monetary fund is being floated for the position now let's get the latest on this from our correspondent in frankfurt where the e.c.b. is based on a doozy what are you hearing there in frankfurt would she be a good choice. she would definitely had have the right credentials hard with her background as a french china.

of the european central bank have all been national heads of their central banks before they got the post. the other thing we must remember is that christine lagarde was in the middle of the negotiations with the european central bank and with the european union when it came to the bailout of portugal, greece, ireland, in the middle of the eurozone debt crisis. she had to work through all of that with angela merkel and other leaders sitting which is why mrs merkel has been saying that if you can run the imf you can run the ecb. we shall see. i would love to hear your take on this. it is quite interesting. despite the fact that the uk is leaving the eu, the language spoken at all meetings in the european —— union will be the english language, won't it? because that is the language. this article about the british council has found it has put a report out to show that the uptake of language now in options where children decide on their options for gcs thes, languages falling dramatically and sums reports are suggesting that parents are saying well, there is no need to learn another

and by extension, the european central bank. the current head of the imf is being talked about seriously as a contender to take over from mario draghi. let's get the latest from maria. the main meeting has started after a series of side meetings. what we know on account of how much information we have at this point? maria: in terms of official information, we have nothing. it is speculation swirling around. we've spoken to a number of diplomats who say christine lagarde is being considered to her crate -- replace mario draghi. she was now the name of the running yesterday, but appears to be now the front-runner. conditionality, if angela merkel manages to get her defense minister to become the next commission president. surprise. she was not on the list. the good thing, it shows there has been progress and they have convened all the eu 27 leaders and theresa may's now in the room to figure out where they go from here. there is growing momentum when it comes to the european council that christine lagarde will be nominated for the

a very independent president of the european central bank. back. with the right. good evening my paper can force connla it's actually is to questions 1st of all the think that it spits in on the doesn't model now is completely ready to be buried and secondly. do you foresee the possibility of another package is there the possibility indicates the european parliament says we don't want this thanks. no i am not a prophet it's not for me to assess what is the real chance to achieve. success in the parliament i will be the start of of them to say and i will inform and explain everything i can about this process and our intentions but of course you're right it's always of the there's a question mark with this is why we have parliament i mean to debate or discuss to argue. and then to decide to. but i hope that because the political leaders not on the prime minister prime ministers will do everything to to convince our colleagues in the parliament to. to support this this. project through when it comes to beats and gun did that then. it was clear from the very beginning

central bank. you're watching e.w. news after a short break i'll be back to take you through the day stick around for that. still if you'd have to get through the bin to sneak a break without a football 6 think again. 55 women's conference. the excitement. not so. expensive 19 limbs what. the ultimate result on the teles. 15 years since the moon landing. he was the 1st man to walk on the moon. as a small boy she dreamed of the stars. as a pilot she flew anything no matter how to introduce. a church or go to the pole. as an astronaut she took part in the greatest adventure in history. but the room a legend was simply a human being who was neil armstrong. the moon was his destiny starts july 20th on t.w. . come. europe is about to witness a transition of power unlike any it has ever seen before 2 of its most important institutions its executive and its central bank will most likely be led for the 1st time ever by a new madam president make that 2 madam presidents tonight a new chapter in european his

welcome but 1st will christine legarde become the next chief of the european central bank e.u. leaders in brussels are still tousling over who will get the top jobs in the union today's already marks the 3rd day of deliberations with so far little results and little unity over who should head the european commission or become its top diplomat but is there no a breakthrough over who could become the new president of the european central bank with the leg up the current head of the international monetary fund is being floated for the position now let's get the latest on this from our correspondent in frankfurt where the e.c.b. is based contribution corner.

central bank. lagarde will be remembered for playing a major role in the bailouts of greece and argentina. now investors are asking, who will replace her? michaela bergman from the asian infrastructure investment bankjoins me now. lovely to see you. she always pops in when she‘s in london. christine lagarde, eight years at the helm of the imf. she‘s done a heck of a lot, hasn‘t she? the imf. she‘s done a heck of a lot, hasn't she? she's known as the rockstar of international finance. she‘s brought a different perspective to international finance, promoted inclusive growth and the empowerment of women and she‘s put the empowerment of women very much on the agenda, both at the imf itself and in the work that the imf itself and in the work that the imf does. it's interesting, because when she took over at the imf, known as the lender of last resort, like the world bank, there were lots of questions about its relevance but with the eurozone debt crisis after the global financial crisis, the

now it appears she's heading to the european central bank, whose responsibilities include setting the eurozone interest rates and ensuring the stability of the banking system in europe, no easy task given the divisions between member states and the need to boost growth in europe. if confirmed, both the ecb and the american federal reserve the us central bank will both be led by people who have no academic monetary policy background. her resignation also comes the day before g7 finance ministers meet in sean tilly in france. it will no doubt sounds the starting gun for her replacement and the names mentioned, former bank of england governor mark carney, former uk treasurer george osborne and mario draghi. whoever succeeds might have a tough time preserving her legacy at the imf. michelle fleury. the row over how to tax the tech giants who dominate the modern economy is set to take centre stage in france today. that is where finance ministers from the g7 group of leading economies are meeting, and the key question is whether the us can bridge its difference with france and uk. last week

she was nominated to replace mario draghi as head of the european central bank. she will be taking over as the e.u. economy appears to need fresh stimulus. and president donald trump picking two nominees likely to back his call for lower interest rates. christopher warl is the more -- waller is the more conventional choice. dy felton has been criticize bed her unconventional use and advising the. global news 24 hours a day on air, powered by more than 27,000 journalists and analysts in more than 27 countries. this is bloomberg. david? david: thank you, viviana. earlier, bloomberg spoke with an exclusive interview against an mmediate rate cut. >> right now, my forecast as the most likely outcome is that inflation will move gradually back to 2%. the early this year data that was softer means it will take a bit longer to do that but right now, i still have that as my most likely outcome. however, you do have to think about the underlying trend in inflation. some of it is cyclical that factors affecting inflation but some of the structural factors, things like, you k

brent: we are talking about the head of the new european central bank and the president of the european commission. why are these jobs so important? teri: the president of the european commission gets to decide which countries will get which posts in the commission. a five-year post is a very powerful commission -- position. they will decide who will take the agriculture job, who will be in charge of the digital agenda, who will be in charge of the economic policy. these are significant posts that will have a lot of impact that the eu takes for the next five years. that is obviously a very visible job. if it is ursula von der leyen she will be the face for the next five years. that carries a lot of weight. the fact that christine lagarde has managed the imf through choppy waters over the next several years makes her a very strong candidate. it is not have to be rushed seem to be a lot of oppositions. nobody seems to be worried about the nomination. brent: thank you. earlier, i spoke to max hoffman and i asked him whether the lawmakers will approve the eu leaders pick for commission pres

the european central bank has hinted it could cut interest rates to tackle a slowdown in the eurozone economy. it says a weak manufacturing sector and uncertainty about brexit and trade are threatening to derail growth. it's the latest central bank to signal an easing of monetary policy — with the us federal reserve expected to cut rates next week — as jonathan josephs explains. the global economy is slowing and the eurozone is no exception. trade tensions, such as the us— china trade war, one of the major reasons why. the european central bank, which sets interest rates for the 19 countries that use the euro, is increasingly worried. it's president mario draghi has said that things were getting worse and worse. the prolonged presence of uncertainties related to geopolitical factors, the rising threat of protectionism, and vulnerabilities in emerging markets, is dampening economic sentiment, notably in the manufacturing sector. interest rates have been kept on hold for now. they have been near zero for years anyway. but mr draghi made clear hints that was something that could ch

chief christine the god has been put forward as president of the european central bank taking over from mario draghi they now all need to be endorsed by the european parliament that he and barbara has more details from brussels. after days of wrangling it's a close ally of german chancellor angela merkel who's got the nod for what many see as the most important job. germany's defense minister at a self-proclaimed federalist is the leaders nomination for the post of european commission president even if germany are staying on the commission president due to some issues in the government coalition personal knowledge of the local support the whole book which 1st and foremost we have chosen do we mean. for the for people's issues a perfect gender. really happy about it after all europe is a woman child michelle the belgian prime minister is nominated to be the next head of the european council with spain's foreign minister josep barrel as the e.u.'s foreign policy chief while the international monetary fund boss christine lagarde is nominated to head the european central bank you know had 6

european leaders have nominated christine lagarde to be the new leader of the european central bank. european council president donald tusk made the announcement after three days of deadlock. tusk praised-- lagarde and said he is confident she will rise to the challenge. madame lagarde for many years and i am sure she will be a very good president of the european central bank. she released a: statement saying she was honored to be nominated and would temporarily relinquish her responsibilities with the international monetary fund. she would become the first woman to run the euro area monetary policy just as the bloc seems to be in need of stimulus. weighing in on tensions with the united states over the subsidy dispute between boeing and airbus. carney says it could prompt a widespread slowdown. carney also says a shift in policy is needed and says that monetary policy must address the consequences of such uncertain day. the house ways and means effortse has expedited to release trump's tax returns. they have asked a court. it comes after treasury secretary steven mnuchin rejected a

central bank. thank you for watching did the news broke off will be with you with more on the story at the top of the hour. just today. tomorrow the caribbean stock. the disney dis talented the key players. please take a close look at a few. inches projections. the founders lead is a rising stars on. 60 minutes. probably will not succeed in dividing us not succeeded in taking the people off the streets or because we're tired of trying to show. taking a stand global news that matters. this is news africa coming up in the next 15 minutes the fight against climate change in africa it's being spearheaded by they do this one woman in sambir is using the radio platform to educate the community about practices harmful to the environment but. with governments across the continent planning popal of grants or if it's like there is invade. and will meet the cyclist and beating traffic in lagos and encouraging this to do the same.

chief christine lagarde has been proposed for president of the european central bank taking over from mario draghi 1st though they all need to be endorsed by the european parliament the day in baba reports from brussels. after days of wrangling it's a close ally of german chancellor angela merkel who's got the nod for what many see as the most important to you joe. germany's defense minister and a self-proclaimed federalist is the leader's nomination for the post of european commission president even if germany up staying on the commission president. their government coalition. support the whole package 1st and foremost we have chosen to women and to men for the for. the perfect gender balance. i am really happy about it after all europe as a woman child michelle the belgian prime minister is nominated to be the next head of the european council with spain's foreign minister josep burrell as the e.u.'s foreign policy chief while the international monetary fund boss christine lagarde is nominated to head the european central bank you know had seen in that tired of course we all had to

when asked if she would like to become the european central bank's next chief cristina girl told thehe financicial times? no six times but that was in september. now the managing director of the international monetary fund for the past eight years is set to take on a new positition. throughout her career let god steered to the top of institutions dominated by men. first as a lawyer she took the head of us law firm baker and mckenzie in. nineteen ninety nine six testing the old management methods are fading away i believe they're part t of yesterday'y's world. i hope that tomorrow society won't abide by those sexist principals. six years later christine lagarde became trade minister of agriculture and fishing minister. for nicolas sarkozy me. finance minister in. two thousand seven the first woman to hold that job in any of the g. eight countries. after france the world. in twenty eleven christitina g d took over the home of the imf replacacing domominique straussn embroiled in sex scandals. lelet god is regularly ranked as one of the world's ten most powerful women by forbes executive

he managed to get a french woman at the european central bank. everyone speaks french, that is something he mentioned. at thea close ally european council. it is a good night for emmanuel macron. anna: thank you very much, maria tadeo in brussels. a shock to some economists and commentators. some of them blindsided by this appointment. erik f. nielsen mark ivor phelps joins us. what significance does it have for you, christine lagarde appointed to run the ecb, a lawyer and politician rather than economist. mark: we are looking at a pragmatic approach. we have a lawyer running the european central bank, and a lawyer running the federal reserve. that is the career path of choice, you need to be a political animal rather than just an economist. i suspect the market is rightly anticipating that you will have a more pragmatic policy. a more open policy. .t is more accommodative it is not taking such a hard line. just a very, do whatever it takes approach, continuation of mario draghi. anna: she would be someone who would follow in mario draghi's foots

central bank the e.c.b. i tell us more about her that post and why all of these posts are so important. to her process is so important because many observers say at least economically minded that the e.c.v. job is even more important than the commission president because this is where the stability of the euro is guarded to where the fiscal policy is made and christine lagarde is of course being a name is being put out by the french and there is a certain amount of worst. going on if germany gets the e.u. commission president then the french might get the e.c.b. i mean that's what happens here in those back rooms where leaders are sitting and trying to figure out how to make the how to make this package and the e.u. commission is very important because it is it the heart it's the biggest institutions and it's the heart of european policy rules and regulations come from the laws are proposed it's guard you know the treaties and it also sets the political tone that means to know we'll put for instance climate

head christine lagarde to become the new president of the european central bank or yesterday the guard tweeted this i am honored to have been nominated for the e.c.b. presidency in light of this and in consultation with the ethics committee of the i.m.f. executive board i have decided to temporarily relinquish my responsibilities as i.m.f. managing director during the nomination period. let's take the story over now to washington d.c. i'm joined by our correspondent helen the home for good evening to you helen the guards nomination is unusual in a couple of ways she is a woman and she has no experience as a central banker and both of these together and what do we have. a strong advantage perhaps friends i don't know certainly she'll be a breath of fresh air addressing firstly the fact that she's not an economist by training well i think the record now speaks for itself having led a multi doctrine organization the i.m.f. with its 189 members successfully but certainly has skills all as a diplomat and a communicator i've attended many press conferences at the world economic forum annual

commission the european central bank and the international monetary fund. other over indebted countries in the euro zone will be controlled by the troika in turn and subjected to similar was $35.00 which. was. the sound of those protests reached all the way to brussels the troika had become a thorn so much so that the european parliament held a special session about the troika's actions national and european m.p.'s questioned european leaders besides they cannot be many up she may be years to program others will be violent as the lover broke out of that other stuff we give a shit that asked them oh yeah it could it because i'm sure that there's the decrease. yet if you asked to get out of these theories a bit better frona yum of the 2 stars though the troika is the lover then make the human more p.c. caring for. yet the method. valid only we have here upon this you stop probably my 2 heroes here to promote the president i want to go. parliament in portuguese asian parliament in spanish and parliament in evolution parliament even though it's not so and above

imf managingy make director christine lagarde the next president of the european central bank. her name is one of the key pieces of the latest slate of candidates for the eu's top jobs. since sunday, various officials have been wrangling over the job. tanks on trump wants all for the july 4 celebration, it looks like he has them. a few hours from now, it is the u.s. versus the u.k. in the women's world cup semifinals. the second semifinal is tomorrow between sweden and the netherlands. the winners face-off on sunday. global news 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm viviana hurtado. this is bloomberg. guy: thank you. by most measures, the u.s. labor market is at or very close to full employment. 3.6% is the number now, the lowest figure since 1969, yet some economists point to underemployment is a sign of the true malaise of this economy. barry ritholtz joins us to talk about why he thinks the u.s. labor market isn't really that healthy. i guess we are talking about unemployment versus

will become the leader of the european central bank if the european parliament agrees to both candidates. china has condemned what it's calling gross interference by outside countries in hong kong's affairs following the storming of the hong kong parliament by pro-democracy protests as the.