liberal democracy if the west allow it was to also with us is journalist felix lee who argues that europe must be hard and firm its dealings with the chinese leadership just like the chinese themselves and a warm welcome to to examine the girl who say as long as there are a concentration camps in china there can never be normal relations with that country. thank you all 3 for those initial comments felix i'd like to begin with you it is not be. in a good week for already troubled relations between the e.u. and china one senior member of the european parliament a green member of the parliament said those relations are now as bad as it any time in recent decades do you agree. well the summit didn't show this because i mean it was a very short summit it was only virtual it between the europeans china and merkel as the president came up and also on. the line and it's like business as usual but i must agree on the position i'm not sure if it's a good sign because there are a lot of topics which should have been talked about and should have negotiated much harder and it seems like this didn't h

. ♪ guy: 30 seconds until the end of regular trading in europe. europe was up last week, the u.s. was not. the negative week in the united states, positive week in europe. today european markets absolutely flat on the equity front. fading early on and and and clatter blake -- and an incredibly tight range. european equities trading in a narrow band. let's show you what is happening in terms of the individual markets in europe. we will dig into the individual stocks in a moment. that is where the real interest lies. the pound bouncing back. the ftse 100 up less than .1%. flat. dax. let's call that flat as well. the cac 40 outperforming a little bit. i will show you one of the stocks in just a moment. in terms of the sector point of view, let's deduce ideas about what is happening under the hood from what we are seeing. a little bit of a bounceback. technology understandably bouncing back what we are seeing in the united states. we are seeing a bounceback and the travel sector. i would argue the news relatively grim from the travel and leisure sector. -- banks bouncing back. we just

and europe has done more to gether than ever before. when the member states closed borders we created green lanes for goods when more than 600000 european citizens were stranded all over the world the e.u. brought them back home when some countries introduced export bands for critical medical goods we stopped that and ensure that critical medical goods should go where it was needed we worked with the european industry to increase the production of masks of gloves of tests of ventilators our civil protection mechanism ensured that doctors from romania could treat patients in italy or that latvia had sent masks through is baltics neighbors and we achieved all that without having full competencies so for me it is crystal clear we need to build a stronger european health union it is time to do that one. and to start making this a reality we must now draw the 1st lessons from the health crisis we need to make our new efore you for health program future proof and this is why i had proposed to increase funding and i'm grateful that this parlia

instead of a draft system europe has a free for all. in europe aim for poor they are absolutely no mechanisms in place to control the flow of labor pains complacently spend whatever they want and even pointed to fair play has failed to really stop them. in recent years p.s.g. a manchester city have fought their way to the top thanks to middle east investment if you have money you can just buy your way to a few titles less as the champions league of course the big club extremely low. or to engage in any kind of equalization completely local because the way they insulate themselves from the threat of relegation is by the much richer we may be who feel much that he. or royal. let's get real despite the socialist ideals within us course some of the parts from marxist ideology the n.f.l. and n.b.a. other richest leagues in the world it's players some of the best paid every franchise is constantly getting richer. in 2008 stephen ross sport the miami dolphins for $1100000000.00 the franchise is now valued at twice that amount donald sterling b

in europe. that is a huge difference compared to the first wave. decision,s of policy trump saying in his latest press conference we will not see an u.s. economic shutdown like we did previously where is in the u.k. we are seeing increases of social distancing. there are mandatory face masks. there are hotspots of decision-making in europe and the u.s. how hard is it when you don't have a focused response ensuring we don't get to the other side of this virus? jens: one of the things we have learned is there are a couple things you can do that has a hug e impact on the transmission of the virus. if you avoid super spreading events, that is important. if you wear a mask, that doesn't hurt the activity in the economy much. those initiatives are being put in place. that is why the alternative data is not showing a big turn in the euro zone. the question is, what is happening with fatalities? there is a different attitude toward the virus now where -- relaxed is not may be the word, but they are not

companies clamping down on democracy in hong kong and imposing surveillance systems on its own citizens europe and china are apparently drifting further apart while the u.s. and beijing fight out of bitter trade war here on to the point we ask old rival how dangerous is china. thanks so very much for joining us here on to the point where my studio guests are political scientist judy kirsten top blow who believes that china will do away with liberal democracy if the west allows it to also with us is journalist felix levy who argues that europe must be hard and firm in its dealings with the chinese leadership just like the chinese themselves and a warm welcome to to alexander girl who said as long as there are a concentrate. camps in china can never be normal relations with that country. thank you all 3 for those initial comments felix i'd like to begin with you it is not been a good week for already troubled relations between the e.u. and china one senior member of the european parliament a green member of the parliament said those relations are now as bad as it any time in recent decades do yo

focused on europe. next d.w. . russia a world power president putin is using patriotism to unite his country many russians believe only she can bring back fame and glory to their country. churches and conservatives are gaining tremendous influence. critics and opposition activists are in danger. prime. 45 minutes on d w. o a. mug or just love. for the russians so. you're still. in so many different walks of life. some one. on one but all of them come straight from the heart to the former c.e.o. you because there's no more dilution the march will enjoy. the from the long term to their final resting place the russian d w documentary. hello and welcome to focus on europe below thanks for joining us a refugee camp morea in greece has long been a symbol of europe's failed migration policy now it is no more europe's largest refugee camp lies in ruins after a fire at ray's.

preventing people from heading for europe is now a common condition that the e.u. tries to economic partnerships and even development aid particularly when it comes to african countries it's also why they fund the libyan coast guard proactive search and rescue operations like this one along the central mediterranean ruge have in turn practically stopped so europe's fortress is stronger than ever but what about europe's ideal for human rights protection from war international conventions the u. commission's plan was that reception centers like this one on the greek island of less force would welcome asylum seekers in a dignified manner and process their police station forms quickly but more europe's biggest camp for displaced people became a sprawling symbol. of fame here even before the devastating fire and a recent covert 19 lockdown built to house 3000 some 12000 people were living here rather than days it took often years to process applications thanks to baraki see indifference but above all a lack of political will this human suffering is the result of dysfunc

you have that tilt toward europe. is it maybe time to move out of europe, dump the u.s. and go heavy on e.m.? wouter: that is not a trade on top of mind for us. we have more top of mind out of the u.s. into e.m., that is a trade we are taking more seriously because of the valuation differentials and the dollar trend mentioned earlier. europe is more closely associated with a cycle like e.m., therefore we think there is more to be gained from a u.s. versus e.m. trade. annmarie: thank you for joining us, wouter sturkenboom. he said he is not a buyer of stimulus optimism. that will be a big discussion on capitol hill this weekend. he is chief investment strategist of emea & apac, northern trust asset management. be fiscal will there aid, but the proposals are still far apart. $900 billion to be exact. stimulus.lk u.s. volatile session yesterday on wall street. the s&p 500 is flat on the year. futures in the green across-the-board. msci asia a little positive, but not much going on this friday morning. stay with us. this is bloomberg. ♪ annmarie: from bloomberg's european

when i'm criticizing this country our europe to be a better place i want to take part in europe. i want britain to be a better place i'm fighting for this country but maybe not in the way that people traditionally fought for it which is you know to keep. prejudices in place. johnny its vision a europe that confronts its colonial past head on and stops marginalizing black people. many valuable artifacts from african countries are held in european museums in fact the treasures are here testifies to a colonial past and triggers modern day controversy should they be repatriated and what context can european museums show them today. when we go to those we look at those object. like a disney vacation thing. i think institutions any and. whole global north africa a conservative that means they don't want to change that hope this is not because they. take the lens noise museum it holds the famous bust of now for t.-t. which attracts hundreds of thousands of visitors each year for close to a century egyptians have been demanding her return without success so how can these art collections

the fire that destroyed europe's largest refugee camp last week when 12000 people are still homeless or in the blaze at the morea camp on the greek island of lesbos many of the asylum seekers are refusing to move into a new camp fearing that conditions will be no better and that they may not be allowed to leave a vocal russian opposition politician alexei navalny has posted his 1st picture after his suspected poisoning last month he says he is now breathing unaided after coming out of a medically induced coma last week is advisors also say he expects to return to russia soon the german government says tests show he was poisoned with a soviet not be chuck nerve agent there's the top stories do stay with us there at the stream is up next more news for you after that i phone or. i have and what can you watching the stream today we are looking at 3 compelling coded 19 stories from around caldwell of india's surge in coated cases europe 2nd wave and also the vaccine trials in the united states hoping to involve minorities so much to do so little time if you see or hear something say somet

what can europe do about this. so that we all want talking about the economy again and. something that she wants to go to express very important yeah i mean i suppose one looks at these stories about public pool for example or med which is another company that makes medical ventilators that was bought by chinese interests i think in march this year in the you know it's a covert 1000 crisis in europe and. you sort of ask yourself you know it's like these 2. this is value systems as they are the democratic one and this is terry and want to put it politely i think you know i really have somehow thought that they were paying same game but they're not paying the same game to the one side is playing tennis of a sides playing badminton how is that going to work you know that there are these the fundamentalists agreements just aren't there about about a lot of issues and i think that you know in we we have thought for many years now for decades now with china that. somehow you know capitalism would win the day and and china would change in fact china is changing us i see that al

liberal democracy if the west allow it was to also with us is journalist felix levy who argues that europe must be hard and firm in its dealings with the chinese leadership just like the chinese themselves and a warm welcome to 2 over alexander girl who say's as long as there are a concentration. camps in china deccan never be normal relations with that country . thank you all 3 for those initial comments felix i'd like to begin with you it is not been a good week for already troubled relations between the e.u. and china one senior member of the european parliament a green member of the parliament said those relations are now as bad as it any time in recent decades you agree. well the summit didn't show this because i mean it was a very short summit it was only. between the europeans. and merkel as the president came up and also on. the line and if you like business as usual but i must agree on the position i'm not sure if it's a good sign because there are a lot of topics which should have been talked about and should have negotiated much harder and it seems like this didn't happen so it

the west of europe or and also germany has to has to consider heart of measurements what can the europeans learn from the americans on dealing with beijing or why i think they i think they have a lot to learn from the americans this extraordinary level of research and knowledge going on in the us into china that i simply don't see in europe. i do see some in this and we have the europeans underestimate the chinese do we not taking them seriously because the chinese often give signals that they feel misunderstood oh yeah well of course they would i mean it's very helpful to argue that one is misunderstood and therefore to gain sympathy and that's of course what that's about is that you know gaining sympathy changing the atmosphere in democracies to settle for a dismissive oh i think it's a fact we can see how it happens through propaganda through the shaping of arguments the framing of arguments for the establishment of systems of support for the communist party's political authoritarianism even 30 here in germany us to my research i uncovered a network of about 37 german organizations for

we got high pressure across continental europe. it has been very hot across iberia, france, and that heat is moving its way northward particularly into england and wales. still got a weatherfront loitering out towards the north—west of scotland, perhaps not far away from northern ireland threatening a bit of rain. so, it's not going to be quite as warm here. higher temperatures further east across scotland but it's across england and wales that we will see temperatures widely into the mid—20s or so. we could be close to 30 degrees on monday and tuesday in the south—east of england before it turns cooler, i think, by wednesday. this is bbc world news. the headlines. bahrain hasjoined the united arab emirates in agreeing to normalise relations with israel. hamas, which controls the gaza strip, has issued a statement, saying the move does grave harm to the palestinian cause. there have been protests by migrants stranded on the greek island of lesbos after europe's biggest refugee camp was gutted by fire. they're demanding to be

growing power with economic and political coalition that's an accusation being leveled in australia europe and washington so is there a line between acting like a great power and taking things too far this is inside story. hello and welcome to the program i mean ron can i just rent bide your time that famous phrase from china's communist leader deng xiaoping governed its foreign policy for decades but not anymore and its current president xi jinping beijing has become an active some would say aggressive player on the global stage when china banned pork imports from germany the official reason was african swine fever but it was also seen as a warning to the german government to not join u.s. pressure on china australia's products were also blocked after the fish was there called for an investigation into beijing's handling of the corona virus and none of this is new namely a year ago u.s. secretary of state mike pompei accused china of using coercion as a state craft tall beijing's foreign ministry replied. china stands upright with on no we never strong arm others never seek supremacy neve

referred to as europe's shame 12000 migrants are living in squalor on a remote island europe's migration policy out of sight out of mind where today the european commission president delivered her 1st state of the union address and she called on all european countries to take responsibility to end this migration misery is she leading by example the european commission was responsible for the maria camp who did it send after the fire not. this president. this is the. migration is a european shell. and i'll follow up your comments it's. meeting this target what the european union firmly on track. for climate neutrality by 2015 this was strong agreement. took 3 years to negotiate it cannot be unilaterally changed disregarded thought to surprise so i want to be crystal clear l g b t q i've read so our humanity to treat zones and they have no place in powers union. also coming up scientists say president donald trump has badly damaged the united states because he rejects facts and evidence of the pandemic see climate change. if we ignore that science we're not going to succeed together protec

it is europe that has to understand what is necessary now. alix: of course --francine: of course, but you, mr. olaf scholz, would you block it? olaf: the big problem of the world we are living in is there are a lot of governments that are not following the ideas of freedom and of democracy we are following, and we have to act within this framework, supporting those who are fighting for their right to be free and to live as free citizens. part of francine lacqua's conversation with the german finance minister olaf scholz a couple of hours ago. joining us to continue the conversation, morgan stanley's chief economic advisor. we are seeing today, and olaf scholz confirming it, a significant change in the way germany is approaching its debt this in. it is prepared to issue significantly more debt, prepared to invest money, prepared to get it it's economy moving again. how significant is that going to be in the way we approach investment in the european union next year? is germany going to lead europe's recovery and outperformance? good afternoon

one of our members if europe is to play a vital role in the world. it must also create new vitality inside and to move forward we must now overcome the differences that held us back historic agreement on next generation the us shows that it can be done and the speed with which we took decisions on fiscal rules state aid or sure all this shows it can be done so let's do it migration is an issue that has been discussed long enough migration has always been a fact for europe and it will always be throughout centuries it has defined our societies it has enriched our cultures and it has shaped many of our lives and this will always be the case as we all know the 2015 migration crisis caused many deep divisions between member states with some of those scars still healing today. a lot has been done since but a lot is still missing if we are all ready to make compromises without compromising on our principles we can find a solution next week the commission will put forward it's packed on migration we will take a sure men and humane approach and their princip

greece has long been a symbol of europe's failed migration policy now it is no more europe's largest ref .

and europe apart? globalization without mobilized global travelers -- [indiscernible] we have money flows, cargo flows, data flows, but eventually people need to meet, it hasne, keep the work been over last year's and for that we need to find solutions. it is more than saving our industry. the lufthansa ceo speaking with me earlier on today. let's talk about what is happening in the european and global aviation space. now on thea joins us line. mark, carsten believes we will be flying limited flights across the atlantic by christmas and rapid engine test will provide the key that will unlock those markets. are you as optimistic as he is, and if you are, how big an impact will that have? mark: it is hard to be as optimistic as that. the reality is testing is well and good, but you are dealing with a global pandemic. testing is a knowledge meant of the virus, nothing else. to meet you will still see a huge segment of the market, mostly the corporate market, that will not be able to deal with a testing en

i'll tell them europe is a big. europe is very big and if each country just take one percent of these people who is our refugees in will increase then this will solve all the problems and the problem is not just giving money to frontex or giving money to to it to close the borders or. like this is not the solution the solution is actually just take this people it cheaper than what they doing out socializing them in europe every one of these refugees are humans who wants to work who wants to give something back they don't want to go back to the countries where it's bombs and and there is no future for that specially the children there is no schools there is nothing in this country afghanistan they bump it and now you want to send them back this is not the solution this is the war solution you can find not to fight back. from the ngo where team humanity thank you so much. brooke. and to other news now the russian opposition leader alexina volleyed has been discharged from the hospital and berlin where he has been trea

this is a real problem europe has. not only have european banks been undermined over the recent , they are also very tied into the growth aspect. any there is bad news on covid thatrs, and then on top of , with yield staying lower plus this new report about potential money laundering, they cannot catch a break. it is a real problem for investors at this stage. alix: a report talked about how tcp officials are talking about a longer-term qe program. lifting the capital restrictions, not worrying about the rating of debt, all that could be longer-term. how does that play into a medium-term outlook for banks? it is a tough one. whatever happens with monetary stimulus, that will only keep the pressure on the bund yields. that almost balances out. as we've seen in the u.s. and anywhere there is a pressure of margins, the banking sector will struggle. until the banking sector in europe can do better, europe as a market will struggle to outperform the u.s.. guy: we are starting to see consolidation. ubs apparently has a plan

europe is very close. in europe and yet. it's like when the adrenaline so it didn't match the energy. she changed styles experimented with electronic beats and made sound collages discovering the world a new in the process. and just a mix of african reality images that will form the sickly but. now spends most of her time in germany she lives with her young daughter in berlin but africa is a strong part of the mix on this track she sample speeches by kwame nkrumah the 1st leader of an independent gonna. and mixes them with bits of dialogue she recorded during taxi rides around cameroon . now she no longer feels the need to enlighten germans who blank on their country's colonial past in germany i have conversations more with people like jim lee did. and i. can brylin them bollard gets a taste of home at this cameroonian restaurant these days her search for identity has faded a bit into the background. the mixture of the 2 makes. because going back to come and. go back to. the back. which wasn't true but i guess i needed to do

europe is very close. in europe and yet. it's like on the adrenaline so it didn't much the energy. should change styles experimented with electronic beats and made sound collages discovering the world a new in the process. and just a mix of the african reality the digital form the sickly but. past and from the. now spends most of her time in germany she lives with her young daughter in berlin but africa is a strong part of the mix on this track she sample speeches by kwame and crew the 1st leader of an independent gonna. and mixes them with bits of dialogue she recorded during taxi rides around cameroon . now she no longer feels the need to enlighten germans who blank on their country's colonial past in germany. people like germany did. in berlin gets a taste of home at this cameroonian restaurant these days her search for identity has faded a bit into the background. the mixture of the to make. because going back and that. which wasn't true but i guess i needed to do that figure. so at the end it would be up to me to create that that mixture. i tried so because it's just very much

is europe consolidation finally underway in the banking sector? virus cases are climbing rapidly across the u.k. with the health secretary refusing to rule out another national lockdown. let's take a look at where we are with markets. lasty markets within the hour started to accelerate their move to the downside. it is happening on both sides of the atlantic. the nasdaq down by .8%. the stoxx 600 down by .6%. the euro-dollar relatively flat. 1.1859. bond markets also turned around. higher in moving terms of the yield lower in terms of price. that is reflecting what is happening on the bond market as well and by the equity market. alix, things are turning around a little bit here. slightlyut to be a more bumpy end of the week than anticipated. alix: watching quadruple witching as me head to the close here in the u.s. the london stock exchange is in talks to sell boris teliana to euronext and two institutions. joining us now from paris is the ceo of euronext, stephane boujnah. we have learned and there were other bids higher than yours but won. can

located in the heart of europe you are connected to the whole world. experience outstanding shopping and dining offers and try our services. be our guest at frankfurt airport city managed by for. this is news live from but a new twist in the mysteries surrounding bella ruses missing opposition leader maria. allies who were with her along the ukraine border us a kalashnikov a top passport in order to avoid being forced out of a country where abbas right now remains unknown also coming up. we meet the children of beirut at risk of developing long term trauma after the huge explosion bad last month. plus a stark warning for your.

philippa: in italy, tylee island is seen a gateway to europe. but crossing to l is dangerous and there have been many horrors reported on the shores. more than 3007 hundred migrandi died in the rranean in one year, 2015 alone. over a the last weekenther reminder that this crisis is not over. 370 migrants were plucked from a boat trying to cross intoure and taken to law produce. they were taken to an emergency reception center that is now housing more than 1000 people, 10ac times its cy. media that they arongerd the able to cope with the situation. greece has also struggled mightily with the influx. while most people arrived in 2015, smallery islands verch of the brunt. we saw a rescues off the greek coast nearly every day. this one nthe island of less post. we are told at its peak, up to 2000 migrants were arriving on shore daily, and the journey did not end in greece. asr many, t destination western europe, and getting there meant anotherur dangerous y, through the balkan states, serbia, and bosnia. we are told that route is picking up again. t

and go back later, europe's is facing a difficult -- europe is facing a difficult time ahead. it has just imposed -- the u.k. has imposed difficult restrictions. suggest 10,000 cases on a daily basis. emmanuel macron is talking about his country learning to live with the virus. they are trying to avoid a lockdown in a similar way from the u.k., but it might come down the road soon and a u.k. might have to tighten up as well. if that is the case and fatalities are lower, the economic damage will still be there. hitting think you are on a critical point, and this is where it becomes more difficult to predict how europe will handle this. what we saw in the united states over the course of the summer, remember at our peak we had twice the number of infections in june and july than march and april. little appetite to shut back down in the united states. we paused summary openings and in some cases we shut down restaurants or bars, but we did not have the broad shutdowns and there was very little political will for those shutdowns. it was less clear -- it is less clear how europe wi

then it went back to europe, then quickly back here to europe. how does the pendulum swing if you are looking at assets to invest in? ian: we were worried about this idea of rolling recessions, and the lack of ability for everybody to get back on the same page at the same time. but i think what we are seeing is this greater ability to deal with the outcomes of the crisis, and a broadening globally of the economic cycle. , whetheron indicator that is services or manufacturing in the last three months, have all been moving forward, and as your other guest highlighted, we have seen the lessons from asia and australia that you can get some semblance of control, and that looks to be where we are heading in both the u.k., and thehe united states as well. so it is still going to be a very tepid recovery, but we think it is certainly one where we are going to remain above where we were at the low point back in march, and that is better for somewhat some of the areas that we will be looking at, and raising the question about whether we should be getting b

when i'm criticizing this country our europe to be a better place i want to take part in europe. i want britain to be a better place i'm fighting for this country but maybe not in the way that people traditionally fought for it which is you know to keep. prejudices in place. joining . a europe that confronts its colonial past head on and stops marginalizing black people. many valuable artifacts from african countries are held in european museums in fact the treasures are here testifies to a colonial past and triggers modern day controversy should they be repatriated and what context can european museums show them today. when we go to those museum we look at those objects. like a disney vacation thing. i think institutions any and. hold global north africa a conservative that means they don't want to change that poll position i. take the lens noise museum it holds the famous bust of now for t.-t. which attracts hundreds of thousands of visitors each year for close to a century egyptians have been demanding her return without success so how can these art collections be freed from t

europe is very close. in europe. yes. it's like on adrenaline so it didn't months the energy. should change styles experimented with electronic beats and made sound collages discovering the world a new in the process. and just a mix of the african reality the digital form basically but. it was a male spends most of her time in germany she lives with her young daughter in berlin but africa is a strong part of the mix on this track she sample speeches by kwame and crew mock the 1st leader of an independent gonna. and mixes them with bits of dialogue she recorded during taxi rides around cameroon . she no longer feels the need to enlighten germans who blank on their country's colonial past in germany i have conversations more with people like jim need to do. in berlin in bali gets a taste of home at this cameroonian restaurant these days her search for identity has faded a bit into the background. the mixture of the to make. because going back to come and. go back to. the bank. which wasn't true but i guess i needed to do that to figure out. so at the end of the day for me to cre

the hardest hit countries in europe right now that we should be paying attention to. so you know it's always difficult because you kind of have to see you know you have to look at the population as well and kind of compare and see some places are really hard hit but what i find interesting is that the places that were hardest hit you know like spain for instance you know regional loner method is again really hard hit and i think there's a really important lesson there because one thing that it does tell us is that you know whatever people say about herd immunity you know even the places that were really hard hit in spring clearly you know aren't protected from you know a really severe resurgence of the virus so i think the fundamentals basically haven't changed the virus hasn't changed the population you know hasn't really changed there's not a lot of immunity there so you know basically if we do the same thing that we didn't spring we're going to end up in the same situation and i think it is important to remember that at the moment we're seeing a surge in cases but

china is roiling the west and europe along with the u.s. in many countries is pushing back all the shoe a growing list of human rights goes including home polos new security rules like this is me from beijing is one cool yeah why is this country for so many fights these days. conflicts. are next on w. twice. today in germany. as a boy. doesn't impede. skate the time. a nice rainy teen in 1980. 1 he's gonna be fine she's 76 story officer of my team that's the race if you sign. on w. o. o o. o o it says i was seed for the russians so. steeped. in so many different walks of life. some are. oddly tried almost come straight from the heart to look for see you but when there's no more you delusion the mush will inch. from here. to their final resting place the russian. w documentary. was open about to. fight so it's one country one system out isn't it and it was a cover up the noble the right to run the whole well thought out goes right through my system doesn't that china is rivaling the west and europe along with the us in many countries is push

exactly the more steps europe is going to take against and against. himself the angry year he has become it's also clear in his response in the last week or so more people have been detained there's a harsh crackdown on the opposition so sanctions will definitely have that effect that's well and not only is the main question how look at shangri will respond to sanctions on balance but how moscow is going to respond to these sanctions the foreign affairs spokeswoman has urged europe not to impose sanctions will further these double life the situation in ballo rule so there's a lot of. going back and forth between europe and russia about what is the best way forward for the people here of course there's only one solution and the majority here has made that very clear not only on the streets but in all other ways as well that they want to get rid of the president many things to correspondent there reporting live from minsk. iran's supreme leader has been addressing the nation today a day after the u.s. made that unilateral move to reimpose sanctions agai

what do you need to know about europe at this hour? of the ecb is pushing back on data that shows employment moving in the wrong direction. we spend most of the day in positive territory in europe, but we are now beginning to fade the texta result of selloff we see in the united states. france awaiting -- releasing its stimulus plan, designed to drive economic recovery and the reelection chances of emmanuel macron. merkel under pressure to halt the final stages of a new pipeline. a quick look at the markets, as i say, europe is outperforming on equity positions. we can see the s&p 500 is down by 9.1 and the pain is very much in the tech sector. the nasdaq is down even more. stoxx 600 down by 6/10 of 1%. 1834,ro-dollar is at 100 stabilizing at this point. the euro has been down and pushing back. the lira is that a fresh record low against the dollar. just off a fresh record low. alix: a lot of activity in the u.s. is a steep selloff in tech. scarlet fu, walk us through the nuts and bolts. scarlett: we are off the worst levels of the ses

for the long distance truck drivers who are on the roads of europe or for day when. as a complete no go they can be on the road for weeks at a time their working hours are broken up by rest periods that are set in stone however the e.u. now wants to change the working conditions of millions of truckers it's an idea that's meeting with particularly strong resistance from eastern european drivers romania for example isn't part of the zone and drivers have to go through time consuming border controls from their back sanda reports. stefan carries out a few final checks before sitting out in his 40 ton truck technical defects are something he cannot afford because in his line of work in particular time is money . we have a 20 kilometer trip to contest to pick up goods for a customer in france. stefan's truck across europe begins at home in romania his family have come along to help load up his own luggage and food for the journey for the next few weeks his truck will be his home. even after 6 years in the job the farewells don't get any easier. stephon has completed hundr

the principal allied efforts would be the invasion of europe. (music) shortly afterwards the man who would command this awesome undertaking was named. general dwight d. eisenhower, whom people would call the man of the hour. on the opposite wall of the museum, another mural depicts the major episodes in the great crusade which liberated europe. the supreme commanders orders from the combined chiefs of staff were simple. the land on the coast of france and to destroy the german ground forces. (music) that's when the order and its execution lay agony. the nazis believed they could push the invading armies back into the sea. in france alone german divisions were waiting. preparing for the invasion was a job without let up. incessant and realistic training was of paramount importance. the challengers -- details of coordination on every level, all of these were overwhelming. through the tense months, the preparations endured. finally after being postponed one day because of the weather conditions, the day of decision was at hand. the commander visite

president and he's america 1st policy without mentioning his name she said that europe is dog. about putting up 1st. is for standing for all nations working together to overcome this coronavirus pandemic but she was also criticizing the us by saying that there are major forces that are pulling out of international institutions that are taking those into institutions hostage at times where we need we have to work together and to strengthen international institutions for example like the w. h. o. the commission president also touched on some of the challenges facing european union right right now some old wounds from the migration crisis for example there are still healing. well that it's true was a funding lie and talked about the refugee crisis she talked about the situation on the greek island of course what's going on in moria and. here once again she stressed how important it is to show solidarity with those who needs refuge but at the same time how important it is for the european member states to be together and to come together on this issue and to work together to solve

greece has long been a symbol of europe's failed migration policy now it is no more europe's largest refugee camp lies in ruins after a fire it raised it to the ground some 12000 people fled the flames and now need to be relocated just as the migrants and refugees are pleading for help so too are the residents on the island many of them want them out of the country for good well it's a crisis that has been brewing since the cow was erected 5 years ago it was originally meant to house 3000 people but as more and more people arrive from turkey the population exploded life went from bad to worse in the crowd and unhygenic conditions with the outbreak of covert 19 what was supposed to be a short stop over has now become a miserable existence in the mediterranean and some fear they may be trapped there indefinitely. baby emmanuelle is just 3 weeks old she was born in moria her parents say they fled from the congo to europe in hope of safety and a better life but what they found was hunger thirst and homelessness just 10 months or so disappointed because the european union could have helpe

we did see a sell-off in europe. the main benchmark did fall 4.4% a little rebound important to know we are seeing the appetite and seeing for a more cyclical part of the market we have basic resources, travel and leisure and autos. one of the overarching question is whether the sell-off we saw in tech marks the beginning of the rotation in growth sectors to one of the more valued parts of the market. on the down side, we make one of those sides underperforming to make food and bev. we've got the euro trading a little light let's look at the u.s. futures looking at the dow and the s&p 500. the nasdaq trading on the flat line to those levels it will stabilize if these levels hold after that selloff yesterday. we want to give you more detail in shares of the banking sector on the news that two spanish banks are considering a merger it would see a group of assets over $650 billion euros. shares up 55%. they are lifting the broader spanish banking sector a quick check more broadly we've got green across the board and pro

referred to as europe's shame 12000 migrants living in squalor on a remote island europe's migration policy out of sight out of mind where today the european commission president delivered her 1st state of the union address and she called on all european countries to take responsibility to end this migration misery is she leading by example the european commission was responsible for the maria camp who did it send after the fire not. this president. this is the. migration is a european shall be. an outcome of a must it's. meeting this target would put the european union firmly on track. for climate you're traveling by 2050 this with strong agreement. took 3 years to negotiate it cannot be unilaterally changed disregarded thought to supply so i want to be crystal clear l g b t q i've reached zones are sure managed to free zones and they have no place in our issue and yet. also coming up scientists say president donald trump has badly damaged the united states because he rejects facts and see the pandemic see climate change. if we ignore that science we're not going to succeed to get i

markets versus europe last week. we got a pretty big set of red numbers on the board there the dow jones set to open more than 400 points lower. the nasdaq set to open 150 points lower a huge amount of uncertainty in washington on top of all the issues on the ballot already, now we have the supreme court rising right to the top of the capital hill agenda. thousands of mourners gathered this weekend to remember the life of justice ruth bader begi ginsburg she was first nominated by bill clinton in 1993 serving on there for nearly three decades she was known as one of the benches most prominent liberal voices and champion of women's rights president trump has vowed to nominate her replacement soon in a bid to secure senate approval before the november election democrats say it breaks a precedent. two republican senators also voiced opposition to the move saying that the standard set four years ago must apply now. the director of u.s. and america program joins us now to discuss the implications of the passing of justice

it ultimately would hurt europe as well. clearly this is not a very positive situation for both the u.k. and europe. kailey: how does the boe think about this thursday? they said no deal brexit would prompt them to cut rates to -50 basis points. is that a realistic possibility? vincent: i am not sure in the central bank community there is much appetite for negative interest rates these days. clearly, negative interest rates --e proven they have an effect on the currency that would not be so much a problem for the u.k. in the occurrence of a no deal --xit, but clearly maintain low financing for the economy. rates are an exercise that was warped and europe but has shown its limits. the central bank community has much more of an appetite for yield curve control instead of looking at negative rates. which have a negative side effect in the banking industry and insurance community. this is kind of emblematic of what is happening around the world. we had a conversation about central banks. we talk about the politics and that seems

that europe is a player not a playing field in other words china is not playing fair with europe why is that criticism justified in your opinion the chancellor pointed that out. president fundal i also pointed out that the economic realities have shifted technically in the last decade and. the global is symmetries in the economic system need to be adjusted and china is such a big player today that the rules by which we engage with china have to be we written or we have to insist that china actually plays by the rules of multilateralism that's another term that came up today last week the european chamber of commerce in china published annual report in which they point out hundreds and hundreds of cases where european companies feel at a disadvantage in china at a very systematic disadvantage and that is why this investment rate it's being discussed is so important but it's also important to make it a good deal and not just any there have been calls to boycott disney because of its latest film move on the film was shot on location in the same area of china where the muslim minority we

we are certainly seeing it in europe. people are depending on their jobless benefits, and yet people are not going to be talking about the economy on the senate floor. which party looks worse as a result of this? kevin: i think washington looks terrible. i think just given the dynamic of the beltway in terms of polar asian, it is tough to -- of polarization, it is tough to a side. but either way, should the virus continued to intensify as the data is starting to suggest it would, that would put more pressure on the makers to get to a deal -- on lawmakers to get to a deal. jonathan: kevin, great to catch up. thank you. tom, it is not difficult to spot the contradictions from both parties on how they are dealing with this situation and the situation in 2016. it was a contradiction race over the weekend for both republicans and democrats. tom: absolutely. i'm with kevin, the oxygen has been sucked out of the room. i don't have words for how this has been changing things, and we have that for every time in recent history. thi

you live in china have how do the chinese few europe. well for them it's it's a historic site it's frankly many ways it's a boutique or they love to go where there is a tree or to see markets and go shopping at the same time they have a high regard for quality coming out of europe and. that luxury items are european of nature and most cases after all 50 percent of all luxury items globally by chinese though they have normally very good at it you wouldn't perception of your own but of course europe is a democratic system and has different ideas about human rights and that's normally where you get into disagreements. the european chamber of commerce in china thank you very much for being on the show talking about luxury french luxury goods firm l.v. m.h. has dropped at $16000000000.00 bid to buy the famed new york jeweler tiffany it says france ordered it to ditch the deal the government says it merely advise the company to delay the purchase until january citing a u.s. threat to attack french goods the acquisition was supposed to happen l

preventing people from heading for europe is now a common condition that the e.u. ties to economic partnerships and even development aid particularly when it comes to african countries it's also why they fund the libyan coast guard proactive search and rescue operations like this one along the central mediterranean route have in turn practically stopped so europe's fortress is stronger than ever but what about europe's ideal for human rights protection from war international conventions the e.u. commission's plan was that reception centers like this one on the greek island of less would welcome asylum seekers in a dignified manner and process their police station forms quickly but more europe's biggest camp for displaced people became a sprawling symbol. a failure even before the devastating fire and a recent public 90 lockdown built to house 3000 some 12000 people were living here rather than days it took off many years to process applications thanks to see indifference but above all a lack of political will of this human suffering is the result of dysfunctional l

but before he was about to get to europe, the war ended. in the late 1920's after graduation from the command and general staff school, major dwight d. eisenhower was assigned to france to prepare an guidebook for american battlefields in europe. it was his first direct experience with that continent. with the 30's came other assignments, climaxed by service under general macarthur in the philippines. for four years, he worked with macarthur commander-in-chief of , the philippine army, to help the commonwealth government work out a plan for its military defense. ordered back to the state in december of 1939, lieutenant colonel eisenhower went to fort lewis, washington, as executive officer of the 15th infantry regiment. in the dark spring of 1940, german armored divisions were crashing through holland and belgium. [explosion] [suspenseful music] narrator: the luftwaffe was taking its destruction through europe's skies. france was frustrated and beleaguered britain was standing alone. the united states had passed the selective service act to

europe may reinvigorate as a result of this. it is true to say that things like the fiscal cooperation we have seen during the covid crisis would have been a lot more difficult to achieve had the u.k. still been part of the european union. francine: paul, thank you so much as always. paul donovan from ubs wealth management. coming up, the swiss regulator escalates the spying scandal of thed to the ouster ceo of credit suisse. this is bloomberg. ♪ the financial regulator is escalating a probe into credit suisse. they opened enforcement proceedings against the bank on formerng employees. the scandal led to the ouster of the former ceo tidjane thiam. does the latest announcement actually bring us with the scandal? thanks, francine. you will remember this dates back to just about a year ago when we discovered that credit suisse had been spying on a former banker working for its arrival ubs. we had gone through about a year now of their bank trying to put this to bed and move away from this reputationally, but now we will have a co