it's inside story do stay with us. well why it is the rift between europe and the united states the french president says the white house is undermining transatlantic relations and europe may have to defend itself can europe live without the us this is the inside story. i don't welcome to the program it is a product with friends like donald trump who needs enemies that was the reaction from european council chief donald tusk when the us president with a juror from the iran nuclear deal and reimposed sanctions well you leaders want to save the nuclear deal and a multi billion dollar business contracts but european companies to u.s. demands by pulling out of iran including british airways and air france which aground and flights to that's despite a revised e.u. legislation called blocking statute it's aimed at nullifying u.s. legal action against european firms which defied u.s. sanctions on iran and the e.u. agreed to twenty one million dollars in aid to iran to help offset the impact of sanctions. germany's foreign minister has called for independent payment channels to be created w

will not let them in full here from one of the groups campaigning for them to be admitted to europe. and with two million venezuelans on the move the united nations says south america's migration prices are starting to resemble what happened in europe in twenty fifteen the news has been following one family as a journey across borders. the one. thanks for joining us i'm mary and i haven't seen pope francis has received a warm welcome from supporters and dublin during the first papal trip to ireland in nearly forty years thousands lined the streets of the irish capital to see the pontiff his visit comes as the church faces renew pressure to tackle sexual abuse within its ranks damning new revelations have raised serious doubts over the leadership of senior cardinals and bishops who are accused of protecting predatory priests francis told an audience of dublin castle that he shares the shame and pain of the church's failure to tackle abuse. well for a closer look at the to dublin i'm joined in the studio now by a reporter at william. so william there's been quite a great quite a lot o

because europe and the us have differences on a number of other major issues the trumpet administration impose tariffs on steel an atom many m m ports from a range of countries in march that responded with countermeasures donald trump's criticize europe's more open immigration measures and contrast to his zero tolerance policies the u.s. withdrew from the twenty fifteen paris climategate agreement last year what share the head of the e.u. council dawn to us described as a mistake and trump is criticizing nato members for not contribution enough to fund the transatlantic military alliance mysql of ashbrook let me come to you so with all those differences you know now in the open have donald trump's isolationist policies i think mr mack can call them aggressive isolationism finally taken their toll on european leaders and now leading to policymaking. well i wouldn't say taking their toll we see this i see this is a continuation of outside forces really pushing the european union pushing individual member states to rethink their priorities we have a situation with the mosque each falls int

satellite provider. >> and this week on the communicators discussion put into place in europe who they affect and what they are, joining us is victoria espinel, software alliance, ms. espinel it was written that europe is the most powerful regulator of silicon valley, do you agree with that? >> i think europe took a big step and they are certainly the first major market to have privacy law and very important about privacy regulations in europe that are positive, but i think looking beyond europe for a moment to where this is going to take us i think what is really important is that we get to a harmonize standard, that's what i would love to talk about, harmonize standard, europe has taken big important step and important conversations happening in other places in the world and that's really what we need to get to, international consensus on privacy. >> europe is now the most powerful regulator of silicon valley, agree or disagree? >> on data, yes, it has been going on for a while, the gdpr is kind of positive or negative, protection directive of 1990's, fair information practice p

that maybe they gave us sanctions per haps offset to some extent by the euro in blocking stat europe but that is never one hundred percent certain so i think this european blocking statute very limited effectiveness for large companies it might have some as and is in europe who have no or little business in ited states and then might continue to a business but that is fairly not the important point of this is a lot of. what my colleagues say that you're a peer should be thinking long term and should develop its own autonomous capacity thomas capacities mr maher says point to the direction i think we have heard that before i do not really expect to see a lot of actually following these these promises and these ideas because the real the problems of europe lay elsewhere and the political capital is just not there to develop these capacities so let's then broaden out this discussion because europe and the u.s. have differences on a number of other major issues the trumpet administration impose tariffs on steel an atom many m m ports from a range of countries in march that responded with

ways to europe do not have an indication do not have any kind of qualification and a recent study of the european ministry of labor. that it was very difficult to qualify more than twenty to twenty five percent of all coming over the coming years to get the job and in fact the job acceptance rate employment rate of migrants and refugees is very low so this is indeed a problem and this is a myth indeed he's partly to being dismissed because it will always last correspond to the truth but let me just say something to my previous speaker. in many ways of his opinion that we need a dramatic change in immigration policy because we cannot go on like this and i think more and more europeans have understood that is as the recent elections all over europe have shown ok on the right gentlemen i have to jump in here we're going to go to a short break and after that short break we'll continue our discussion on immigration stay with arcade. match geysers financial survival guide liquid assets not those that you can convert music as quite easily. to keep in mind though as a tremendous place a. rec

end to terror along our standards of human rights across europe slipping this week on conflict my guest in vienna is michael of floaty director of the e.u. agency for fundamental rights that's he believes europe is doing all it can to protect human rights. michael of thirty well come to the conflict so in a recent report the agency has said that civil society is under threat across the block the report paints a paltry picture of the state of fundamental rights with in the european union it's a mixed picture it's a picture of what's working and what's not working we have to stay very vigilant in europe just like everywhere else in the world to protect the incredible institutions we develop that second world war as every work in the word our foundation the idea of the european union human rights democracy and it's not getting better it's changing we have some improvement it's a very diplomatic world changing to a good changing to the bad change to the good in some places but right i am very concerned about the situation of human rights in europe today we have a lot to do across so m

joint force instead europe is internally divided and struggling to find a unified voice not to mention an adequate response the european union faces threats from the inside and the outside. what this man is also challenging europe and its political leaders. are don't want to try to garner plenty of support back home in turkey their europe becomes a handy scapegoat for self-made problems religious and nationalistic supporters respond particularly well. the state powers treat their opponents anything but delicately be they kurds unionists feminists or journalists tear gas and water cannons have become a routine way to meet protests those who attract the president's ire are quick to find themselves in court or jail. for. a failed coup d'etat in the summer of twenty sixteen only aggravated tensions. the officers behind the attack were sent to have close ties to flock to local lns islamic movement the putsch targeted key governmental infrastructure such as the country's intelligence headquarters the parliament building and the presidential residence. public anger erupted. the soldie

of the new privacy rules put into place in europe, who they affect, and what they are. joining us is victoria espinel, she is with a software alliance. . as an outcome it was written that europe is now the most powerful reagan later of silicon valley. do you agree? victoria: i think europe took a big step here and they are -- they are the first major market to have a jurisdiction wide privacy law. that is really important. there are a lot of things about the privacy regulate -- regulators that are positive. but, i think looking beyond europe for a moment, to where this is going to take us, i think what is important is we get to a harmonized standards. that is one of the things i would love to talk about. a global harmonized standard. europe has taken a big step. it's an important step. it's an important conversation that is happening in other places in the world. that is what we need to get to. as an international thing on privacy. host: o'connor, same question for europe is the most powerful regulator of silicon valley. agree or disagree? nuala: on data, yes. it has been true for

the heat now the moment you see that's the dome of warmth and in the middle of europe what i suppose germany poland is deep down to twenty or below that scandinavia too with the water either side of that i think anything that cooler weather will try and push each is not get very far the next batch of biting winds and rain will try and edge into france as you can see it gets in there that'll be the thunderstorms paris as a result ends up with about twenty degrees the whole lot blows through some i think big downpours as this pushes through the alps and yes there is the winds from the north but a chill coming to the low countries so this middle bit germany and poland will see the cool and to the west the want to be replaced by breezy went with her and south of it all enjoy the sunshine be too hot maybe thirty nine down in the middle of libya but sunny all the same. this is life on the streets of and. from the discovery of theater is an opportunity to ski and become someone. for the duration of a plane and its purpose in life a tiny. little princess part of the viewfinder in latin ameri

discussion of the privacy rules taking place in europe and who they affect and what they are. joining us is victoria espinel with bsa the software alliance, it was written in the washington post recently that europe is now the most powerful regulator of silicon valley. do you agree? >> i think europe is certainly the first major market to have a jurisdiction wide privacy law and that is important but with the privacy regulation is positive but i think looking beyond europe for a moment what is really important is we get to a harmonized standard that is what we would talk about today globalize standard that it is an important step and there are important conversations happening in other places of the world and really that is what we need to get to with the international consensus on privacy. >>host: the same opening question nuala o'connor europe is the most powerful regulator in silicon valley? >> with the data yes but it has been. if anybody is surprised they haven't been paying attention because positive or negative depending on your viewpoint is a logical extraction from the 1990s and

dismissed over the coming years and unfortunately malls. to europe do not have an indication do not have any change of qualification. a recent study of. a ministry of labor. that it was very difficult to qualify more than twenty to twenty five percent of all coming over the coming years to get a job and you track the job acceptance rate employment rate of migrants and refugees is very low. so this is indeed a problem and this is a myth and then he's partly to being dismissed because it will always less correspond to the truth but let me just say something to my previous speaker. in many ways of his opinion that we need a dramatic change in immigration policy because we cannot go on like this and i think more and more europeans have understood that is as the recent elections all over europe have shown ok and i gentleman i have to jump in here we're going to go to a short break and after that short break we'll continue our discussion on immigration stay with our kids. still seems wrong. but old roles just don't call. me the world yet to shape out just what kind of activity. and in detroit

30 minutes away for europe and the u.k.. guy: does the buck stop here? president trump complains the fed is raising rates and accuses china and europe of manipulating their currencies. closing the gap. italy's prime minister says there should be billions of euros in compensation for the bridge collapse. bhp billiton warns on costs. the u.s. will not win a trade war, warns the ceo. >> the concern we have looking forward is that if protectionism does take hold, it will have a dampening effect on the global economy. matt: of course chinese stocks rally hard. we do not see green arrows when you look at european futures. little change in dax futures and cap futures. the big moves down his ftse futures. that could be due to the strength in the pound against the dollar this morning. you're going to see strength and a lot of currencies against the greenback as it pulls back. guy: that is the big story of the morning. the australian market being affected by bhp billiton overnight. we're going to hear more about that in just a moment. the chinese markets rallying parted to the close. price

roles put into place in europe, who they affect, and what they are. espinal.s is victoria espinal, it was written in the washington post that europe is now the most powerful regulator of silicon valley. do you agree with that? >> europe took a big step here, they are certainly the main -- major market, there are a lot of things about the privacy regulations that are positive. but, looking beyond europe just for a moment to where this is going to take us, what is really important is that we get to a harmonized standard. i would love to talk about a global harmonized standard. is a really important step. there are important conversations happening in other places in the world. that is what when he to get to. an international consensus on privacy. >> o'connor, same opening question, europe is now the most powerful regulator of silicon valley. agree or disagree? >> on data, yes. but it has been true for a while. everyone surprised by this has not been paying attention for the last 35 years. gdpr, information practice principles of the 70's and 80's, it is formalizing what europe has been

but it would leave the united states very isolated and europe for the position to confront other problematic iranian policies alternatively those negotiations might fail which would lead to a resumption of industrial scale enrichment and a serious serious problem for the region in the world now trump is obviously in violation of the american implications but to some extent he's choosing his word because last winter he gave the europeans what looked like an ultimatum that he was going to do it on the last the transatlantic allies could agree on sound ways of shoring up the deal and i gather from your article is that the talks which began in january were progressing fairly well what do you think may have happened to upset all about progress well i think it's a combination of a lack of sincerity on president terms part he wasn't really looking to come to an agreement with our allies he was looking to act on his and a mess toward his predecessor barack obama. and also the. total chaos and dysfunction in this administration so the president gave his ultimatum senior officials worked o

europe. also the saudis teddy for donald trump's foreman lawyer tracks on his earlier groundbreaking claim about the information his client provides to provide to prove trump russia collusion. and un investigators say top military officials in my ma should be prosecuted to the genocide and crimes against humanity directed towards workmanship muslim's. life for most go you're watching international welcome to the program the top story german chancellor angela merkel has said vigilante justice will not be tolerated off to hundreds took part in demonstrations in the german city of candidates both right and left wing activists gathered for a second consecutive day after a local was stabbed to death in an incident involving people of quote various nationalities several people were injured as the rally turned violent two men was taken into custody and held in suspicion of manslaughter according to the local prosecutor police have yet to release further details on the suspects all of the victims of sunday's violence protesters held bottles at place to try to disperse the crowds. the the. re

destinies to their. w.c. . hello and a warm welcome to focus on europe it is great to have you with us spain has become the new hotspot for migrants from africa they're heading to europe in search of a better life the vast majority cross the mediterranean and rubber boats and land in port cities like it's in the first six months of this year more than twenty thousand people cross the sea to spain more than any other european country as europe tightens its borders the paths migrants are taking to reach the e.u. have shifted as well with spain now a main entry point but once they arrive their struggle is far from over in the south of the country migrants like apple seed of it are working illegally picking fruits and vegetables earning very little money and they haven't always been met with open arms either. nothing is left of. it caught fire during the night. this lets them live in. this is my. twenty four teens who came to spain from ivory coast to find work he ended up in this slum near the town of let me and lucy along with up to a thousand others fires occur frequently due to the

do it you have done no damage to your relations with europe because two months no i did the european commission reported that bilateral relations with several e.u. member states not deteriorated really running at times offensive and unacceptable read to me one example this is what they say two months ago which was what the european union that what they were european countries and what they were european union says right and whether we say wrong. so tell you what i said this is this is your problem you think that you are the boss you are the first class country you are the first you are the first class nations turkey is the second class country turkish people said anything about second class this is this is called you second class you don't have to say directly but this is we receive this from the very the from the point that you are how you are treating turkey and turkish people and our you know i have chinese i have been now i like being treated they exercise their right to tell you whether you can give a speech which you know would have security implications how about the freedom o

implications for the white house. also coming up the height of desperation along europe's only land border with africa u.w. goes to the spanish territory of say utah following migrants determined to get across this heavily fortified border and reach europe. and the big business of high tech fauna reporter gets into the swing of things as the world's largest event for computer and video games opens here in germany we'll see what's pushing people's buttons this year. i brought thomas thanks so much for being with us dramatic developments in the u.s. where two of president trump's closest associates have either pleaded guilty or been found guilty of criminal offenses the most potentially damaging for the president the statements of michael cohen. president tom's former personal lawyer he pleaded guilty to multiple charges related to the twenty sixteen election campaign. all some of those charges stem from hush money schemes cohen worked out with a porn star and a former playboy playmate two women who claim they had affairs with the president. he worked to pay money to silence two women who ha

democratic standards you have to do it you have done more damage to your relations with europe because two months no i did the european commission reported by law to relationship with several e.u. member states not deteriorated at times offensive and unacceptable rhetoric you mean one example this is what they say two months ago just as what the european union that what they were european countries and what they were european union say is right and whatever you say wrong i'll tell you what it is it this is this is your preselecting about second class this is this is called you second class you don't have to say directly but this is received this from the very the from the point that you are how you are treating turkey and turkish people. and are you i have been our low being treated their exercise their right to tell you whether you can give a speech which no would have security problem how about the rhythm of us around. freedom of speech and you are trying to see me less is of this is this is your double standard is no it is not my levels are the reasons i will stand it you are you are co

of desperation along one of europe's two land borders with africa t.w. goes to the spanish territory of say utopia the following migrants determined to get across. i'm brian thomas thanks so much for being with us dramatic developments in the u.s. where two of president trump's closest associates have either pleaded guilty or been found guilty of criminal offenses the most potentially damaging for the president the statements of michael cohen president transformer personal lawyer he pleaded guilty to multiple charges related to the twenty sixteen election campaign . some of those charges stem from hush money schemes toing worked out with a porn star and a former playboy playmate the two women claimed they had affairs with the president . he worked to pay money to silence two women who had information that he believed would be detrimental to the two thousand and sixteen campaign and to the candidate and the campaign in addition mr cohen sought reimbursement for that money by submitting him for invoices to the candidates company which were untrue and faults they indicated that the reim

. also coming up europe struggling to secure its borders and discovering that when one door is closed people desperate to get in will risk everything to open a new one. it will see it on a puzzle them in the over the course of the entire past year we've rescued sixteen thousand people or so but this year after just seven months the number has already climbed to twenty two thousand and. we begin the day with that disturbing feeling that nothing has changed on the streets of harare the capital of zimbabwe the military was called in today to push back protesters demanding that the results from monday's election be made public you can hear the gunfire from soldiers. and those bullets we understand were shot into the air to push back protesters at least three people confirmed dead tonight earlier today the opposition presidential candidate nelson commission accuse the electoral commission of stalling in order to falsify the results in favor of the ruling party he said we won the popular vote and we will defend it now a response came from president and in god was calling on everyone to desi

across europe. we have ftse futures up. the ftse is not going to trade today. the dax and the cac are set to open .5% higher. not a lot going on as far as the 10 year yield is concerned. friday, butke on today yields are drifting sideways. 2.81%. day, butlike a risk on it's not really reflected in the treasuries market. is it across the rest of gmm? guy: you can see it with the asian equity sessions, china in particular, csi 300 trading very strongly, up 2.28% as the chinese authorities back away for the work -- further from the idea of consumption-based footing. this is part of the story. they are struggling with it. it's a further stabilization factor for the currency. we're going to talk about correlations. go to the correlation finder on your bloomberg and you will see the relationship with chinese equities, maybe not as clear as you would have thought. the euro is trading down. you will see a light volume story from the foreign exchange point of view. london is one of the world's big hugs when it comes to foreign exchange. money traders will not be at their desks today. you c

crisis in turkey should europe prop up. and to discuss that question i'm joined here in the studio by three astute observers and analysts beginning with allan poe's author and commentator for the berlin newspaper the felt who says europe must help to keep the ad ones come and go but the turkish people remain europe's bridge to the muslim world. also with us is christophe on national chief diplomatic correspondent for another berlin daily the target christophe police that other one is a misguided watercraft she'll only respond to pressure and not to support and a warm welcome to to set a set of ahead of foreign news the torch of others politics department zeta argues that europe must strive for a stable turkey but not at any cost. thank you all for being here about to begin with data of course and invite you to map out for us just how grave the current crisis in turkey's well of course the government is still trying to downplay it is trying to say yes we will survive this one is keen on trying to convince the public this way however the citizens are already feeling the pain very very i

migrant crisis in europe. my guest on hardtalk is the german mep david mcallister, who chairs the european parliament's committee on foreign affairs. have european leaders ignore the threat from the far right for too long? —— ignored. david mcallister, welcome to hardtalk. welcome from brussels. did you think that you would ever see people giving nazi salutes on the streets of germany again? the latest events in chemnitz are appalling, they are completely unacceptable. we in germany have the rule of law, the police, and the state prosecutors are responsible for investigating crimes and for defending citizens, but this is certainly not the right of individual citizens or even gangs of individual citizens or even gangs of right—wing populist activists. and i must say, iam of right—wing populist activists. and i must say, i am very annoyed, what i had to see ian chemnitz for the last two days. how big a problem do you think the extreme right—wing is in germany? well, at the last federal elections in germany, for the first time, we had far right populist party entity german

all mean for the white house also coming up. at the height of desperation along one of europe's most heavily fortified border has. vanished airdrie of sutil in africa one with migrants and refugees determined to get across. and the big business of high tech fun our reporter gets into the swing of things as the world's largest eventful computer and video games all because here in germany we look at what's pushing people's buttons this year. hello i'm on the thought she must have a warm welcome to you dramatic developments in the u.s. were to president trump's close associates have either pleaded guilty or been found guilty of criminal offenses the most potentially damaging to the president are the statements of market go and president trump's formal post annoyer. he pleaded guilty to multiple charges related to the two thousand and sixteen election campaign some charges stem from hush money scheme school and worked out with a former porn star and a former playboy playmate two women who claim they had a friend with donald trump here's what the deputy attorney general said. he worked to

, gains in asia evaporated. futures are pointing to a andtive open in europe across the pond. the cash trade is less than 30 minutes away. down under, the aussie and the kiwi take a beating as weak data races the chance of their central banks of staying on hold for a long time. the peso is pounded. president macri surprises the markets and his people with the needs moneygentina from a credit line as soon as possible. it is not just argentina. the turkish lira and the indian rupee both slide sharply against the dollar. matt: less than half an hour away from the european open. let's look at futures. we had, we saw some gains in into laterisappeared sessions. we see now european futures are pointed down. down 1/1050 futures of 1%. a look at the u.s. 10 year, we had a big jump in yields on tuesday, not much, a grind noter yesterday and today, much movement. you can see 10 year yields unchanged, 2.88% from today's trade create what do you see in the gmm? are the chinese markets down. stop -- stock moved fizzling out during the asian session. let me talk about what is happening here. the mar

europe is also on the rocks but what role can the e.u. play in this dispute. yeah exactly the question is the americans have reacted very clearly we cause a one single pastor there are thirty german citizens and there are increasing war says that europe should also take such strong steps but one need to bear in mind that turkey has different interests with the european union compared to the us or west worse that we have a migration deal as europeans with turkey we have also this financial integration a large extent of these loans in dollars and your terms for turkish companies are coming from italian banks or spanish banks so i'm skeptical that europe can act as heavily as the us with respect to sanctions and the question is also whether we should do need because a collapsing financial system in turkey will have had a cost also for europe just let's talk with more about that is a is a collapse really eminent and in which way would it be limited to turkey turkey or would it would it have further consequences. so it is no exaggeration that turkey is moving towards a financial collapse be

is "bloomberg daybreak: europe." power play, the white house is doubling planning -- its tariffs on chinese goods. three we arerst also -- first. we are also living by two very american andes, by higher americans. banks or treasury borrowing? a market breaks a policy decision from the r.b.i. and federal reserve today. our bond traders more focused on the debt plan -- are bonded traders more focused on the debt plan? ♪ anna: good morning, everybody. this is "bloomberg daybreak: europe." we will dive straight into the earnings news. we're getting numbers coming in. looks to be ahead of estimates. the outlook statement uses the word encouraging as well from this steelmaker. they see current favorable market conditions continuing. the outlook for the second half of the year is encouraging to see. the ceo says the alec is encouraging. positive outlook statement -- for drama playing apart and markets. we have seen strong steel prices. expect favorable conditions to continue. let's get to the risk radar until you where we are on the asian equity session. pretty mixed in asian equity mark