this country i want 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. europe that confronts its colonial past head on and stops marginalizing black people that's johnny now word winning vision. and we've got more online about johnny pitts and others making waves in the world of arts and culture peirce a visit any time at d.f.w. dot com for us culture stay safe and see backstop. into the conflict zone teams of the st joe biden will take the white house next month with his party v.p. divided other democrats really celebrating my guest this week from washington is democratic congresswoman debbie dingell is guiding the man with a vision believe me struggle some feet control his politics crises donald trump really for a whole complex the 1st. 30 minutes. from the ghetto to harlem and. everybody go into knows bobby wind up. despite coming from a cool family the pop star wants to beco

it is hard to see how europe can fully recover as long as eastern europe remains at the present low level. i had my ideas for the airmen at the base. europe has recovered and at the 1938 level and that is not enough. a europe with greater population and more social justice must have a far higher production level. above all, there must be greater integration and our men on the spot knew this. >> you can go ahead and ask questions. >> mrs. roosevelt, did you see a definite improvement in these countries you visited receiving marshall aid? >> oh, yes, i've taken particular trouble, of course, to see our people everywhere and to actually ask, now we've done different things. nations have done different things in different countries. i think eca has done a really outstanding job. i'm not sure that everywhere in '52 they'd be ready to stand on their own feet. [ applause ] >> i've been on a very short trip, but i've been to quite a number of countries and one impression is outstanding good care. the interdependence of these nations. i personally believe that we must continue our aid to them, but

and europe? -- the u.s. and europe. that being said, we should not forget that we started out this year with 10 year rates at 1.90%, and with that backdrop, we should also think about, even if we have some normalization, we should expect to see tenure rates go up, but i do think the dampener here will be the lack of inflation and also the very clear message from the fed that we do not see any reasons to hike rates forget to 2023, so we need a spectacular recovery. with think about how my jobs have been more permanently destructed. in the restaurant industry, we have seen 17% of restaurants close in the u.s., about 110,000 businesses that have closed. those are not going to come back very quickly. that is why a lot of the jobs that we still need to create, we need to create about 10 million jobs before we get back to the level of employment we had in february. a lot of the jobs we have lost are probably not going to be john -- going to be gone at least through 2021, so the long answer to that question is i think was to h

holds the biggest market share here but europe is determined to catch on. and argentina's economic ailments the list is long and the latest numbers die out we'll look into ways out of the price. come to someone who could jones and glenn good to have you with us the u.s. government acknowledged a major hacking campaign against multiple agencies including homeland security and the state department at the center of the attack is a private u.s. software company so love wins or the threat of cyber attacks is big and small is growing cybersecurity for mcafee expects for one global cost of hack attacks to reach $1.00 trillion dollars this year and that's a rise of 50 percent in just 2 years google says it had to block between 101-2000 government sponsored potential cyber attacks every quarter this year ensure alliances the biggest threats come from data breaches attacks interrupting business and ransomware where hakas lock uses out of their own files is aside from the attacks themselves companies driscol of huge regulatory penalties and private litigation if they

taking a leading role here where china has been kind of dominant up to now but that europe is really taking a leader position. from battery importer to export or in only a few years when ambitious goal right now the sector is still very much a lot of work in progress. and not just some of the other business stories making news chinese tech giant ali baba offered facial recognition software for identifying ethnic wi gorst that's according to a report in the new york times it follows recent reporting that chinese telecoms provide a hallway at itself offered up occasions aimed at surveilling we gore's china is believed to hold more than a 1000000 readers in internment camps hours long lines of trucks in cali are expected again today as a rush of heavy goods vehicles try to move between the u.k. and europe before breaks it starting on new year's day new administer the requirements will be in place a driver's hoping to avoid long lines are already stuck in them 10 u.s. states led by texas are suing google arguing the company is abusing its monopoly in digital ads among its claims google g

coming up, the etf europe show. this is bloomberg. ♪ this is bloomberg. ♪ the usual gifts are just not going to cut it. we have to find something else. good luck! what does that mean? we are doomed. [laughter] that's it. i figured it out! we're going to give togetherness. that sounds dumb. we're going to take all those family moments and package them. hmm. [laughing] that works. francine: welcome to "bloomberg etf iq europe." i'm francine lacqua in london. everything you need to know about the funds and the flows. francine: strongest month on record. equity etf's at 16 billion euros of cash in november, jumping ahead. gold withdrawals. this shot developed by astrazeneca at oxford university, the questions remain unanswered. changing course as vanguard its smart vita in europe. we will look at the second largest asset manager. first thing is first. let's look at which countries and sectors have been attracting the money. dani burger has all the details. ago: looking at fs l

welcome to the alex salmond show where we examine britain's long slow farewell to europe the talks interchange agreement i know not just an injury time but the injury time of extra time and it's unlikely that the bells will be ringing across the continent when big ben bones in the new year and liked it today we take the long view because these talks in brussels are not just for christmas but for ever 1st we talked to the only minister who was as red lines as margaret thatcher in the tory government of the 1980 s. that a possible. we ask this born again breaks a tear whether europe the issue which has haunted the tory party for half a century i finally been lead to based then return to form a leader of the ulster unionists might now as the emulate and ask him whether borders johnson has broken 2 years for the price of $1.00 and we ask rebel scottish nationalists angus macneil m.p. why northern ireland to stolen a march on scotland but 1st alex that you think emails and messages. well lots of reaction to last week's show or with a professor look at meal of the college dublin and dr chris murphy

what was different between europe and the u.s. is that the flows into value in late in thek became game. us, in the past month -- 2021 might be different. i think the expectation for returns might be lower. the good thing is that bond performance is expected to be lower than that, giving a little positive risk assets equities. there will be some focus of value to be found. >> another big change is china, chinese bonds. people are looking for yields, and with ftse and bloomberg deciding to put chinese bond into their indices in 20 21, we are seeing significant interest -- in 2021, we are seeing significant interest in those products. with 645 million dollars in launch, it got to over $1 billion in size in two weeks. emerging markets looking for yields, you mentioned smart data. -- smart beta. we are seeing a move away from smart beta especially as companies pay a less dividends. movee seeing investors more to esg's, more to thematics , and more to countries that they think will benefit from post pandemic environments. >> the etf in

of new casesumber per 100,000 across the europe -- across europe. you could see most of europe in the darker shades of red. pernetherlands, cases 100,000, 900 and the u.k.. 100,000. in germany over 400 per 100,000. that means that the policymakers are back to talk about lockdown and restriction. we have this chart which shows the oxford stringency index, showing how stringent particular policies are for a lockdown. there's an upward trajectory among countries, particularly since we saw the restrictions back in summer and early fall. the most stringent, those are the values closest to 100, that's the u.k.. that's ireland, and germany. the u.k. yesterday saw more citizens put into its toughest level of restrictions. 70% of english people now facing those. the lockdown really i can to march and april. ireland also extending measures. and we are hearing that angela merkel and other german leaders are looking to extend the hard closed,, schools are all but essential businesses are closed. -- alix, it'sx virus versus the vaccine. countries are trying to s

she has put a picture of the words europe and scotla nd picture of the words europe and scotland intertwined and says we should be back soon, europe, keep the light on. the future of the union is now going to be a huge issue in the uk. what is brussels view about if there was an independent scotland and the possibility of them rejoining? so the eu wants to keep out of what it sees as the uk's domestic affairs when it comes to that. if you talk to the snp they say when they come to the snp they say when they come to brussels at the eu has been very open to the idea of an independent scotla nd open to the idea of an independent scotland rejoining the european union. but of course that is not the official view here and we are not there. of course there will be elections in scotland next year and the snp according to opinion polls suggest the snp will win. it had been thought that if there had been no deal in place that they would have gotte n no deal in place that they would have gotten even more support come those elections. but of course the eu will not talk about this. spain for example is n

we are going to get our young people in europe back to work. guy: that is the picture in europe. michael talks about the opportunities he sees there. do you think similar opportunities exist in the united states? if they do, do you think we will see similar orders from the big 737 users in the united states? i am thinking particularly here of southwest. have you talked to them about a top up a deal like the one michael has just done? david: i am not going to call out individual airlines as to who goes first or so forth, but i do want to reiterate the timeline that michael outlined. we are not measuring recovery in months. we all know we've got a rough couple of months ahead of us. everyone is prepared for it. but that vaccine distribution will change the psychology of the flying public. ultimately this will get under control, and i have a similar view of the summer months for the u.s. airlines. backat summer month comes and bookings increase, and i think they will increase quickly because pent-up demand is real, and it is real in the united states as it is in europe, i believe th

so if you're a scientist in europe. having any kind of dealing with a company closes a number of avenues of work later so again we are really champions in creating difficulties for ourselves in europe but the rest of the world is. part of the problem and something else that needs to be changed is all the industry is funds many laboratories and funds studies through the universities which to a certain extent has to be done because the universities don't have enough money but the problem then becomes that when the universe when the monsanto for example drafts a paper and they ghostwrite it and they need to slap a name onto it they'll go to the university and say you know remember that lab we bought for you or remember that study we funded through university now we need your help and that's the problem there's this circular synergistic effect between the universities needing the money and the companies being willing to provide it but it's sunday collecting. joins work for monsanto and with me it's my partner. who's right h

we as an organisation, 1a million people in europe. there's a lot of young people who would want to go, but because of this new deal, it's going to bea because of this new deal, it's going to be a much more... it's going to bea to be a much more... it's going to be a bigger struggle. there will be tuition fees and visa requirements and so forth. a lot of different barriers which we're now seeing are becoming the reality. silja, it's very good of you to join us. happy new year to you. happy new year. as we've been hearing, some of the things british people have become used to, especially in relation to travelling in the eu, will change once the brexit transition period has ended. so, what are the key new rules? our reality check correspondent, chris morris explains. so, with the transition period at an end, we're moving into a new era. brexit actually happened nearly a year ago, but the practical effects only start now, and a lot of the initial attention is going to be on borders. for traders, one really important thing stays the same â

of foreign telecom surprise supply is it will make it harder for chinese way to keep a foothold in europe's largest market the bill which now goes to parliament fall short of a blanket ban demanded by the u.s. but the hurdles for supply are high will have to submit a guarantee that components of critical systems copy used to sabotage or espionage an event of a fails to meet the threshold of trustworthiness can be bad the rules are aimed at beijing which is massively expanded state access to tech firms washington says while white poses a security risk trump administration threatening to cut off intelligence sharing with countries that use while way gear a chinese company welcomes that you jump on board saying. equal security standards for all supplies of 5 g. networks. let's break this down with chief international editor richard walker so richard has the chancellor in this case managed to reach some sort of middle ground pleasing opata. well i think that probably the most appropriate expression to use actually ban is is is a bit of a one out expression but kicking the can down the road beca

europe as recovered. that is not enough. a euro but with greater population and more social justice must have a far higher production level. above all there must be greater integration. our men knew this. you can go ahead and ask questions. roosevelt, did you see a definite improvement in these countries you visited? taken the trouble to see people everywhere and to actually ask. done different things in different countries it has done a really outstanding job. i am not sure that everywhere they would be ready to stand on their own feet. [applause] ♪ tripe been on a very short but i have been to quite a number of countries, and one impression is outstandingly clear, the interdependence of these nations. i personally believe we must but wee our aid for them must coax working together. it the key word is integration, and the goal is peace. ♪ hudson's 81968 film by the naval white house photographic unit featuring lady bird johnson on a journey by boat. dedication of a museum at the statue of liberty and then she visits new

what does europe need. what does it wants? -- what does europe need? what does it what? you have one side and then the other, represented by brussels, they want more sovereignty. you see the sovereignty to the eu when you joined up. in some ways, this is being played out. there's one other point you make them people do say come out when there's a crisis, the eu overcomes it and emerges stronger. it has not, actually. this pandemic package is so important for getting europe's economy off the ground. at a fundamental crossroads. it seizes the moment and moves ahead with the determination -- this is about the future direction of europe. it is so fundamental, what takes place. if europepoint, ties, other countries are already hiding behind poland. there's huge corruption in poland, hungary, romania. if europe gives in now, it's a green light for other countries. alix: judy, where does this leave the climate initiative? the climate initiative, the real push? oh the climate initiative, -- oh, the climate initiative. it will be there. the point about planning -- plan b, they do

on europe than the u.s. right now? ludovic: because of the uncoordinated stop and go policies, you know, what you see now is not only, you know, the second wave or the third wave, it is that countries are doing something which is very costly for europe, for, you know, ng in someskii countries are forbidden. weconcern is at the moment, are very worried on brexit at side, europe went big and bold and the announcement, now it is all about spending the money. we are still missing some plans from italy and spain when it comes to what they want to spend the money on. so that is the only reason we are less bullish on europe, but it takes 27 times longer to agree on something than the u.s. francine: when you look at the recovery fund, is it a real game changer for europe? what more do you need? i may ask you about brexit, but what more do you need to see in the next 5, 6 months to make sure that europe is actually on a strong footing? ludovic: well, as i said, we need to make sure that some of the countries that hav

when i'm criticizing this country i want 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. europe that confronts its colonial past head on and stops marginalizing black people that's johnny now ward winning. and we've got more on line about johnny pets and others making waves in the world of arts and culture peirce a visit any time at d.f.w. dot com for culture stay safe. into the conflict zone incidents jim joe biden will take the white house next month but with his party deeply divided other democrats really celebrating my guest this week from washington is democratic congresswoman debbie dingell a man with a vision believe the struggle simply control his politics and religion crises the only final conflict so far. the clergyman's daughter. innocent homey pushed homeless us thrown out of the water right now climb a tree meet different stories. faces one flesh the way from just one week. how much

know europe to instal be in a region where influence is very high and as a region scooped up europe for good for regulation. and that's why it's so important that europe keeps the regulation which is scientific which is the debate in which as much as possible. decides. to be. influence by. i would say by noise or by just emotions and fear. when science meets values and it's becoming complicated we come with science with evidence we do scientific process of risk assessment but then this evidence is given on another stage on the policy level where our beliefs emotions values come in and what we see is if politicians don't like the outcome of our risk assessment they don't question their belief they question the validity of the process so basically if succumbs with an opinion let's continue it's insecticides. politicians love if so. wonderful to have so you are protecting the b.s. you are doing the right thing really good work down there so we all applaud to you and if the same process with the same people with the same scrutiny comes with a conclusion let's say young. people say i'm sorry

europe-dollar, 1.2105. the greater negative yields, the inflation-adjusted -1.0059.d is a that is a huge deal, to see the real yield drive ever lower and the two-year to a negative 2.7782. francine: what has the attention of markets, it is about the ecb and what christine lagarde will do today, whether it is more tro's to support the bank, whether it is something to do twelve-month, and but i think they are trying to reassess the outlook for these american tech giants after the news on facebook. so keep an eye on that. the pound still sliding after boris johnson's dinner with ursula von der leyen ended with no breakthrough on a brexit deal. needhen something that we to keep an eye on is that we could see a recovery fund. leaders are meeting. maria tadeo is waiting for a lot of them to arrive as we speak. the recovery fund could go ahead because poland and hungary have agreed to a longer-term concern , if peoplehis block are allowed to veto. tom: on the data front, we thank stuart for emailing in. turbine --

coronavirus vaccination rolls out across to europe too but says.

this is do you have any news live from berlin europe kicked off its mass vaccination program against covert 98 and 101 year old woman is the 1st person in germany to get the shot as an unprecedented immunization campaign gets underway across the e.u. . i'm rebecca ritter's welcome to the program in what's being called a historic day in the fight against the corona virus pandemic the european union officially rolls out its mass vaccination program today with batches of the vaccine already delivered several countries including germany began giving shots a day early. our brussels bureau chief alexander phenomena is standing by for us in brussels alexandra a historic day in the fight against this pandemic what's the use role in this back same rollout. if you committed a president or the law funder lie and describe it as a touching moment of for europe's you need and this was exactly what the european union the was aiming for in this phase of the fight against the coronavirus in the member states could have moved forward individually but instead they decided that it is the european commis

is more resilient than europe. which makes sense between the export ftse is up, broader europe down 4% >> thank you, juliana. let me take you to one of the stories in asia overnight. this is about the u.s. they reportedly prepare sanctions against chinese officials as they tighten measures in hong kong. asset freezes and other financial penalties could be announced as early as today. this according to reuters. all of hong kong's pro-democracy lawmakers resigned in protest last month after beijing expelled legislators they deemed a threat to national security. on a more positive note china has reported a 21.1% jump in exports, the fastest increase. here's the report. >> reporter: factories there continue to gain from lockdowns around the world according to official customs data, exports rose from 21% compared to 11.4% rise blowing past expectations. this shows exports were more resilient as demand for china have remained robust medical supplies have been fueling exports electronics as people have worked from home sa

travelers to continental europe, citing the new variant of the virus. this is the time that is very busy for ports, airports. there are a lot of people trying to make it home for christmas, and that list could get bigger, longer. we notice a meeting happening in brussels in an hour's time. politically, the action from the european government is they are reacting to the press conference on saturday where the prime minister says we have identified a new mutation. the virus is spreading quicker, and that has led to the quick reaction in 24 hours. the only big exception is spain. they have a lot of traffic with people., especially of and they argue unilateral measures are not going to help the situation, it will lead to big disruptions in air traffic and it is better to see a european coordinated response. david talked the implications for the prime minister when it comes to the domestic situation, but also in europe, when i look at the european media, the headline i see repeatedly is "chaos in the u.k.." that global britain boris johnson was hoping for loo

and europe. central banks have been quite clear they will look through economic improvement to keep pace. think banksaid, i have some upside. rates, they rising will also see economic improvement, and their profitability generally. i think it is an environment as we go to next year even without rate rises that will help the value areas of the market. one area that does not meet rate rises is commodities. fiscal area, close to the global growth, not just european growth, sensitive to the euro rising. here,could do well from too. alix: not to throw a curveball, but doordash, we are waiting for that open on the new york stock exchange. 17175.ead is we are watching our screens jaw-dropping on the valuations. thathese unicorn companies are still working on making a profit, what happens to them in a recovery? do we sell those to buy value would you hold onto them and also by value -- and also buy value? sharon: it is tricky. worked.er has if you look at rotation into value, you have not necessarily see

new strain is causing concern across europe. germany and france becoming the latest nations on the continent to suspend flights to the united kingdom. disruptive can this get? to we expect other countries join this? >> in 24 hours, you have seen a restricting travelers. but ay, france, italy, growing number of countries. there is a meeting that will happen at 11:00 a.m. brussels time today. country, travelers between spain and the u.k.. deciding not to restrict travel for the time being. they say that testing at entry points, meaning airports, will be sufficient for the time being. clearly, there will be disruptions. this is one of the busiest time of the year. people haveot of been isolated, can't really see their families. the impact on the aviation industries, on the airlines. if you can't make it onto a ofght, you will see a wave cancellations. of course, you have a political angle from this. the european perspective, the u.k. is one big mess. if i look at the european press, that is the headline coming out of the country. t

europe is looking for a 3rd way. it's quite an elegant answer to. the real test will come when guy x. goes live. we'll soon find out if there's room in cyberspace for a european way. and on the topic of cool tech, what's being touted as the largest 3 d. printed residential building in europe. it is coming together in a small bavarian village. obviously europe is looking for a 3rd way. it's quite an elegant answer to. the real test will come when guy x. goes live. we'll soon find out if there's room in cyberspace for a european way. and on the topic of cool tech, what's being touted as the largest 3 d. printed residential building in europe is coming together in a small bavarian village. now the construction industry in general has been slow to adopt 3 d. printing technology, which has been held as a game changer in everything from car to rocket production. but the reluctance to change layer by layer this machine is putting down the concrete walls of what is expected to be europe's largest. 3 d. printed residential building. soon the structure and at

and laid the foundation for europe's single currency the euro. i'm rebecca riches welcome to the program german chancellor angela merkel has confirmed that a partial lockdown to tackle the coronavirus will remain. and in place until at least early january michael said infection rates are still too high to consider reopening bars restaurants gyms and other leisure facilities germany is being hit much harder by the 2nd wave of the virus this week saw a record for the highest number of deaths since the beginning of the pandemic restrictions on get togethers will be loosened over christmas a move public health experts warn will have fatal consequences. in germany to situation looks bleak with regards to the pandemic after a month of the so-called lights lock down. from the c.u. we still have to go to go back to a 7 day incidence rate of under 50 cases their 100000 inhabitants and on average we're very far from it. before i discipline slump the question is whether we leave the country in this state of half sleep or if we decide at some point to introd

now, central banks really trust europe. i think they were surprised on the foster response on the monetary policy point of view in europe to the covid-19 crisis, but mainly on the fiscal european response. so, the recovery fund but also eab and esm. we saw trends that they just want to buy more euro. secondly, they got used to negative yields. 2017, they did not like buying negative. over time, they just got used to it, so they started buying negative yielding bonds of us -- off us and our peers. we have seen more and more emerging central banks by euro. -- buy euro. i had aer, participation of 72% in my primary market issuance from global central banks. i have not seen that before. anna: central banks have come back and seem to be expressing an interest in your debt. how does that evolve? how does the manned -- the demand picture for your firm evolve? goingropean commission is to be issuing on behalf of the eu the recovery fund. that's what we are discussing here. how is your debt going to rub alongside their debt? how are

is europe failing to build its own tech champions? herman hauser in new zealand, welcome to hardtalk. nice to be on hardtalk. you are a renowned tech entrepreneur, and when we look at the global tech sector that we have today with vastly wealthy companies, vastly successful entrepreneur innovators who lead them, it is tempting to see all of this as an expression of raw and pure capitalism. is that the way you see the evolution of the tech sector? personally, yes. ——partially, yes. and of course, in america in particular, capitalism has brought about some of the most dominant tech companies in the world. we have seen that top eight of the largest companies in the world are american, and most of those are technology companies, so capitalism is a key ingredient here. why then, when you look at the tech sector today, are you so concerned to tie technology to notions notions of sovereignty and power projection? well, the reason is very simple, that sovereignty used to be mainly a geographical or military concept, and coheirs shannon wa

when i'm criticizing this country i want 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. europe that confronts its colonial past head on and stops marginalizing black people that's johnny now ward winning vision. and we've got more online about johnny pitts and others making waves in the world of arts and culture peirce a visit any time at d.f.w. dot com for us culture and feedbacks. journalists in montenegro. brutal crimes are commonplace in the west balkan countries. and the drug lords a biased legal system and corrupt politicians are responsible on the move the government turn things around. the sun goes. down 30 minutes on dog in. the fight against the coronavirus pandemic. how has the rate of infection been developing new. measures are being taken. what does the latest research say. information into context. the coronavirus of data the coded special monday to friday w. n u you may know years

so, i think the real divergence there is with europe. so one of the things that we call for in this report is pushing the boundary of what would be possible, is for the free world to come together and make a statement on commitment ability in the taiwan streets, to-- taiwan straits. and it's not just a challenge between taiwan or the united states, but that they would risk a rupture with the rest of the free world. and i don't think that the germans are going to provide military troops in that contingency, but they could make it clear to china there could be costs to taking that kind of action. i don't think it would be in europe's interest or anyone's interests to see a major war in the taiwan straits. >> one question that we haven't addressed very much. the transfers and how to respond, are there still areas that the allies could work with china and engagement and given the increasingly complex environment, how can that be done in a safe and effective way? >>. >> tom? >> it's a quick question, and i think that everybody agrees would be

from europe i can't help but feel frustrated. press it was sold in the u.k.'s this big win win and what we have now is a new sleuth so it's very hard to see any significant advantage in all of this. after all the people we met after all the praise as well was travel these people have basically mainly lost out tensions are clearly running i had westminster we've had this draw european trade just us here for months so i'm a german i'm living in the u.k. my children were born. and i feel at home here but for me the e.u. is also important and it's important as a peace project these are the roots of the e.u. but that doesn't really resonate in the u.k. and i remember when i was talking to a friend about this before the referendum i explained this to her and it was a completely new idea for her and she voted for granted. i'm quite confident that over the years we'll manage to form a new relationship like becoming friends after divorce but what we will not have is this institutional pressure which we have in the e.u. to solve problems to tackle problems together. in

the financial sector and perhaps other countries within europe don't have the. financial services contribute over 10 percent of the tax revenue for the u.k. . i can still see your standing there at this desk surrounded by glass in this imposing skyscraper that says you know power. it was just after the bricks of vote that we went to see the head of law itself along the insurer in the deal told us that they had full 1000000000 euros worth of business with e.u. clients or financial services were largely left out of the trade talks and so she was hoping for what is called passport to the right to continue to trade with the e.u. if we can continue with passport passes are ideal situation we've been talking about that even before the referendum we said it's so important because that's really that gives us the ability to provide insurance to our customers in the e.u. 27 so if that could continue that would be just tremendous but now there is no cause for doing whatsoever and financial firms have really been hammered by bret's it is estimated that already about $10000.

it's very central in europe. and at the same time, all the, you know, infrastructure needed is not far away. like, for example, the large berlin airport talent is a big asset. as you know, stephen berlin is really a hub for the high tech industries. so tesla should be able to find the talent it needs. all that is, is much more important for the success of this factory than the potentially strict and difficult german labor laws. the current on the topic of german workers, new figures today, showing that unemployment the country has gone down. what can you tell us there? well crises, what crises is what i'm at least inclined to ask, given that the unemployment rate actually went down in november the very month where germany entered another possible lockdown. the explanation for this is short time work schemes because of the consideration of the pandemic being temporary and an extraordinary event. the german state, the taxpayers subsidize it when companies don't lay off people immediately, but keep the contracts int

investments in china for a key sector but critics say it's rushed and it reduces europe's leverage on dealing with china. after 7 years of wrangling the e.u. is set to ink an investment agreement with beijing that it insists will guarantee a level playing field for european companies operating in china blocks top trading partner. the investment agreement a passion project of german chancellor angela merkel is framed as a victory of financial rallies politic over political concerns especially china's human rights record but critics say the deal is rushed and weakens the e.u.'s political power beijing recently imposed hefty tariffs on australian goods after camera made political criticisms despite the 2 countries having a free trade deal i think there's been a very clear lesson this year and i was really intrigued by china are economic concerns china costs and i think they are better the longer the world to unite and our common and unified position on dealing with china and response study economics really i think has missed an opportunity to work was its allies year to get a better long

so if you're a scientist in europe. having any kind of dealing with a company closes a number of avenues of work later so again we are really champions in creating difficulties for ourselves in europe but the rest of the world is. part of the problem and something else that needs to be changed is all the industry is funds many laboratories and funds studies through the universities which to a certain extent has to be done because the universities don't have enough money but the problem then becomes that when the universe when the monsanto for example drafts a paper and they ghostwrite it and they need to slap a name onto it they'll go to the university and say you know remember that lab we bought for you or remember that study we funded through university now we need your help and that's the problem there's this circular center just pick a fact between the universities needing the money and the companies being willing to provide it but it's sunday collecting. joins work for monsanto and with me it's my partner eric lask

europe is going to have to choose. well the important thing is there is a phenomenal opportunity for europe to be the honest goal in the war of the eu and china, but we have to avoid becoming collateral damage. in the only way we can avoid that is to build up our own technology sovereignty, and that's why i'm promoting the 100—billion—euro fund to make sure that we get this independence from china by moving some of the manufacturing back into the uk. so, 50 billion will be to be spent to get our independence from chinese monopolies, and the other 50 billion we are looking to spend to get out from under american monopolies. so you keep coming back to this notion that european innovators and tech companies need to have their own european funding structures, there needs to be no great reliance on the us or china. i'm very mindful that you as a venture capitalist have drawn in an awful lot of money for your own investments from the united states, but leaving that aside... and so it continues. i think the important thin

from russia through ukraine to western europe. and i don't have anything, any specific comment on the case that point to the egyptian government. and i was very due to have a conversation with the department of justice. i don't have any teeth. and the stage is instead of having things there, and i don't have more details on who are members of frankie's russia and see no evidence to prove who are really to russia. sorry, i suggested elegy was also highly suspect. with reports of carousel boarding pre-marked ballots, which carousel says, you know, i had to do this is i was reading that i'm not familiar with that term either. it may be that people weren't checking and i'll check and see what, what our team meant specifically why they've been having a state where they were sitting on it or she's going to leave the service. i don't think it's a reference to that. this is just the tip of the iceberg. there are many other examples of misc sakis, mindblowing way with words. however, she seems to have taken it upon herself to regain the tr

some of the biggest countries in europe. netherlands,h, the joining that list of countries restricting u.k. travel is fermenting -- travelers from entering. that list could get bigger. this pointception at is spain. they say unilateral measures are not going to help and if anything, they are going to create more air traffic problems heading into what is one of the busiest times of the year. the only main exception is spain. that could change. 11:00 a.m., the meeting is expected to take place in brussels. in terms of the restrictions and the disruptions that could happen. we know that is affecting aviation. if you are not able to get into a flight, you are going to want your money back or you are going to want the flight rescheduled. there is very little clarity as to how long restrictions are going to be in place. --s could potentially be this is happening two weeks before brexit, that is already accelerating the issues we were fearing could happen at the borders. huge lines and so on. minister, it is very obvious today in t

europe is in the pack. right now, if you take a look at european equities, it is not like they are falling because euro is so strong. there seems to be this global confidence impact that is taking down the dollar. it has been a very reliable dollar negative along with other currencies, but also taking up equities. you are just not seeing any sign it is doing the kind of damage you would expect if there was a competitiveness issue right now. alix: steve, so good to talk to you. steven anglin there is going to be sticking with us. -- stephen englander is going to be sticking with us. more thoughts on the bridge that situation. this is bloomberg -- the brexit situation. this is bloomberg. ♪ ♪ alix: live from new york, i'm alix steel, with guy johnson in london. this is the european close on "bloomberg markets." the u.k. now saying it will rebut parts of the controversial these that would affect brexit treaty. boris johnson is going to meet with ursula von der leyen today. what are we expecting? where are w

x in central europe. marxist,id that, leninist, mao's a tongue -- they will tell you that it is grafted . the schools they went to in russia played a large role in the evolution of the chinese communist party. our next question. were there any notable figures that resisted the infiltration of communism into china? let me take that -- in whichperiod? there's a constant back and forth -- you have the world war you have aone has -- communist versus the nationalists and they were together twice. we tried to bring them back together in september of 1945. george c truman sent marshall, arguably the finest military diplomat in american bringy to china to try to the communists and nationalists together and he stayed there for over a year trying to make this happen. thee was a belief even in 40's that china was fixable. but what underlined i would argue is more historical. i will let it go at that. we will work it. isille: what would you say the most influential reason for the failure of the kmt? kai-shek, chiang

bosnia has become a bottleneck for thousands of migrants hoping to reach western europe those here try to get into the nearest e.u. country croatia though croatian authorities have been loath to allow them entry and usually push back. the. police beating. police to give them everything through photo of our life. for now there's still no solution in sight for these migrants who are in dire need of help. and for more insight on this we are joined by peter there in the western balkans coordinator of the international organization for migration here thanks for speaking to us we've seen the misery these people are ensuring is anyone doing anything to help them. well what we're seeing really is a political did look we have been asking as i women other international organizations and also that you for the majority still identify not 3rd location for the people that you just so in lipa but also for us to end of $1500.00 people that were already sleeping outside in the forest cams and in abandoned buildings and unfortunately despite i think our base it for it's not a legal agreement has been re

as europe spent too much time t's?ng i's and crossing is this process to slow and onerous in a fast-moving situation like the pandemic? sam: let's not beat them up too much, the european union, because at the end of the day come we are talking, if this is the 17th when the moderna vaccine gets approved, it is only four days later. in the grand scheme of things, these are not massive time frames, but of course, if you are suffering from this or somebody who has suffered from the disease, you want these things yesterday. but in the grand scheme of things, getting the vaccine sorted out at this stage in the air, really the difference is quite minimal. but it is a longer winded process. we've always known that. it is something for the european union to think about. is there a way they can change some of the bureaucracy of the system? alix: before we let you go, what did we learn from the fda staff report on modern and how that will highlight what is happening in europe? what were some of the interesting tidbits you pulled

europe andws out of hong kong. i will start with the eu since we are in the middle of the summit that has gone through the night in brussels. climate was expected to be the focus of today. we've now a tweet coming from charles to shell saying that europe is going to commit eu leaders at the summit, they have committed to reducing greenhouse 55% from 1990ast levels to 2030. by more than they previously had agreed to reduce greenhouse gas omissions. we have that plus, a quick line on hong kong signing a deal for 50 million doses of the vaccine from pfizer & novak. as we tally up what's going on in terms of vaccine doses around the world, looks like hong kong has signed a deal for another 15 million doses. now back to the european union. as we have been pointing out this morning, they approved a historic 1.8 trillion euro budget and stimulus package after the block resolved its standoff with hungry and pull into were threatening to veto the plane over conditions on that money. peter, we were talking about the valuatio

and in europe we have this romantic idea of. business people. they will never cultivate something that is dangerous and they would never cultivate something they don't need. just business people and we should let them do their business. and we can't expect them to act in any other way except as businesses. the only way that would change is if there is a root and branch revolution in the way that we do business and that would need to involve all corporations all over the world because as long as we treat food like a global commodity. we have a very big problem. and part of that problem is that food will go to the highest bidder and the highest bidder may not be someone that wants to feed the highest bidder maybe someone wants to feed your car this is entirely the wrong way to look at food should be sued. so i will be. making money. in profits it's about because. it's about conformity. big uniform lannes with one group action. corporate control. and it's mostly also economically it's about international markets import export it's all about compani

unit pm you had one of this cute tory ministers who is prepared to stand up for britain's place in europe and what's happened here i'm a born again breaks a t.m.o. . that was then of this is now yes you're absolutely right and i stuck to the our poll image in 1904 i looked at standing again in 1909 but i think opinion was by then became need to be really quite critical of brussels i like the idea of a big international group of nations coming together voluntarily countries which had forced each other we used to throw bombs as each other from each of the cities struck and i like the idea of these countries coming together in peaceful tray i think what did happen though by the rustic treaty was it was clear that some of the people in brussels have more ambitions and that amounted to build a united states of europe and a lot of brits just began to feel uncomfortable by the time we got to the referendum i campaigned to stay abreast of the campaign to stay in europe but we left real ups time a great believer in democracy and increasingly actually joining the negotiations the all. difficult the

from europe i can't help but feel frustrated. principle sold in the u.k.'s this big wind wind and what we have now is a new sluice so it's very hard to see any significant advantage in all of this. after all the people we met after all the praise as well was travel these people are basically mainly lost out tensions are clearly running out yet westminster we try to destroy european trade just as here for months so i'm a german i'm living in the u.k. my children were born here and i feel at home here but for me. the e.u. is also important and it's important as a peace project these are the roots of the e.u. but that doesn't really resonate in the u.k. and i remember when i was talking to a friend about this before the referendum i explained this to her and it was a completely new idea for her and she voted for granted. i'm quite confident that over the years we'll manage to form a new relationship like becoming friends after divorce but what we will not have is this institutional pressure which we have in the e.u. to solve problems to tackle problems togethe

news live from the land of europe kicks off its mass vaccination program against covert 19 a 101 year old woman is the 1st person in germany to get the shelter as an unprecedented immunization campaign gets underway across the e.u. also on the program to people in the central african republic heading to the polls today to vote for a new president and parliament in an election overshadowed by violent. i'm rebecca races welcome to the program vaccinations against the coronavirus of beginning in countries across the european union the rollout is a sign of hope for many here in europe which has same 16000000 infections and more than 330000 deaths from covert 9 tain in italy the hardest hit a huge country medical staff from a hospital in rome where the 1st to receive the vaccine with most member states receiving initial batches of no more than 10000 doses priority is being given to the most vulnerable along with doctors nurses and other front line workers preparations for the rollout began after the regulators approved the vaccine produced by german thought of pharmaceutical company by ont

brexit, as usual, europe is very united. full trust andur confidence to negotiate on the ways of european regulation. amendola, minister i'm sure you were listening to viktor orban this morning, who says he does not really see a compromise at this stage. is he going to double down, and if he does, do you see a plan b where you pull hungary aside? mr. amendola: no, there is just a plan a. we cannot negotiate on our id. maria: ok, and when it comes to brexit, there is another potential veto. french eu minister was saying france has the right to veto if they believe the deal is ultimately bad for the country. are we going to get to that point? mr. amendola: it depends on how the negotiation is going. if they comply with the requests that are based on market regulation -- speaking on behalf of the european union. it is very united. maria: do you have blind faith in him? is he going to come back home with a good deal? is amendola: he wonderful negotiator, and when a negotiator has the unanimous support of a european country, i th