. is also with us, arguing it will take more than one macron to save europe, and above all, germany must they macron. thinks forlle chaze this new deal for europe to succeed, macron must win over both his own electors and other european governments. i would like to begin with you, emmanuelle chaze. we just heard "ode to joy," the eu's official anthem, which emmanuel macron chose as his theme march. it was a pretty courageous gesture, i feel. emmanuelle: it was a gesture that pretty much sums up why people voted for him. hehe was seen as a pro-european candidate as opposed to marine le pen, who was anti-european. surprising choice, but it went on to show that we were choosing the future of europe more than a french president. very much are european yourself. you have lived in ireland, germany, -- ireland, france. a child of europe is how you describe yourself. the pro-european, europephile macron, what does he mean to you personally? to me, he embodies young leaders who want to reform this europe, which is no longer working the way it used to. let's burkhard birke, talk about what li

chancellor angela merkel was down on her warning that europe can no longer rely on the united states. her foreign minister goes even further, accusing donald trump of weakening the west. also coming up, french president emmanuel macron tells a vladimir putin that he is open to approving economic ties with moscow. he also warns his russian counterpart that he will not overlook human rights abuses or the use of chemical weapons in syria. and british police released new pictures of the manchester bomber one week after he killed 22 people in the city. that, as intelligence services launched an internal investigation into whether they could have prevented the attack. ♪ sarah: i am sarah kelly. thank you for joining us. german chancellor angela merkel has reiterated her warning that europe can no longer rely on some of its closest allies. although she did not explicitly mention donald trump, other members of her government did. her foreign minister chastised trump for weakening the west with shortsighted policies. this sea change in transatlantic relations comes after an eye-opening g-7 summi

europe. this is the story about people who travelled for europe.|j is the story about people who travelled for europe. i survived schillings, isis, basharal—assad, the sea. i survived everything. —— shelling. the prosecutors. we are talking over half £1 million in cash. the difficulty here is that even though we have 20 sets of cctv, there is no way to identify anybody on that cctv footage. what we will say is that it was not me. —— what they will say is that was not me. to be honest, i see myself as a real boy, but they do want to be a real, real boy. i often go to london, where they go down with my situation. although i just where they go down with my situation. although ijust want it now. and the bafta goes to exodus: ourjourney to europe. that is great. i would just like to quickly thank bafta and he became we had making exodus: ourjourney to europe. and bbc for being so supportive during the process of this film. but i would like to mainly thank the courage of the contributors to share their stories. ido want contributors to share their stories. i do want to break

first foreign trip a home run, but some in europe saw it differently. in europe,ion rally angela merkel suggested that europe might not be able to rely on its stead fed you -- steadfast united states. she returned to that subject today. ourur chins anemic -- transatlantic relationship and the statement i made recently is due to the fact that in the face of the present circumstances we have additional reasons for us to realize that we have to take our fate in our own hands in europe. david: joining us from berlin is tony teach cap, bloomberg-germany bloomberg -- editor. you must a sense from germany. are we overreacting in the united states because we will go to news that germany is thinking maybe to have to go their own way? tony: it depends on what you mean with going their own way. strengths isy's its global trade relationships and that was sort of the context andthis statement by merkel i think there was an important clarification which owners -- which is in the clip we saw, she talked about the current situations. to my mind, she is not saying we need to throw out the transatlantic

of the cornerstones of his program. it is to give europe its own budget. it is a step in the right direction for europe. definitely. make emmanuelle -- emmanu macron in the second round of voting. >> i would like to say a few words to those who voted for marine le pen today. don't boo them, they have expressed their anger, the disarray, their disbelief at times, i respect those as well. but i will do everything i can in the next five years to see that these people no longer have any reason to vote for extreme ideas. >> at the end of the day, i think it is a positive results for markets and we should not discountha but at the same time, he needs to find a majority in parliament and he needs to be able to do these reforms. clearly there is uncertainty about that. how much he will be able to do, if you look at trump in the u.s., even though the republicanwe proved to be more difficult, the full extent of the victory is that people want to debate for a long time. to be honest, it doesn't really matter. if he grabs hold of this, if he plows ahead, it is not unusual in an american contex

cornerston of the program is to give europe its own budget. it is definitely not for tomorrow, but it is a step in the right direction. >> emmanuel macron has pledged the united kingdom's victory over marine le pen. >> i would like to say a few words for those who vote for madame le pen. do not boo them. after all, they vexpressed their anger, disarray, and their belief, and i respect those as well. but i will do everything i can in the next five years to see that these people no longer have any reasons to vote for extreme ideas. >> at the end of the day, it is a positive outlook for markets cannot discount them. at the same time, we need to be able to do the reforms. but he needs to be able to do the reforms, but there is uncertainty about that. when you look at trump in the u.s., they proved to be more difficult than in the beginning. >> the full extent of macron's victory, it does not matter. if he grabs a hold of this and plows ahead, it is not unusual in an american context for people to win ryarrow victories and try to do a lot. he can claim he got 66% of the vote. he has to govern

the e.u. commissioner, p or moscovici -- pierre. what does that mean for europe? >> good news for the e.u., we have a president who would have been not only far right, not only beautiful but, but also somebody enter european, in favor of frexit, france exiting europe as a whole, and especially the eurozone. the eurozone would have been damaged if not destroyed by that result, and the french massively said no to your of skepticism, young frenchave a president who is a dedicated pro-european, and who would be a driving force for proposals in the e.u. and to strengthen, to and monetaryropean union. i welcome that. the commission welcomes that as well. function, butin he would be fully president next sunday, and he will meet let's merkel. he will be in close contact with the commission, and work with staff. i would think we have one more a veryor europe and strong asset, because france is a core country, but there is still a lot of work to be done ,n order to reach what i expect a deepened economic and monetary union. i am just like macron, in favor of a finance minister for europe. i

thank all of those who served and gave their lives. >>> angela merkel says europe can no longer rely on the u.s. her comments come hours after president trump returned to washington. >> now he is back in the white house, the president is dealing with the cloud of the russia investigation gripping his administration. the fbi's investigation now looking into the president's son-in-law jared kushner and his contacts with russia. the president is reviving attacks on the news media. you won't be surprised lashing out at all of the leakers. we begin with cnn's athena jones at the white house this morning. good morning, athena. >> reporter: good morning, david. the president is kicking off the week, a week with a lot on the agenda and facing more negative headlines. angela merkel questioning the strength of europe's alliance with the u.s. tensions from the president's first g7 summit following him home. donald trump's tepid support for nato, harsh words on trade and lack of commitment to the paris climate agreement putting him at odds with the allies. angela merkel questioning the alliance

am guy johnson and paris alongside tom keene. it is crisp and cold all across europe and the u.k.. >> it does make for a gorgeous eiffel tower. it is sparkles here in paris. we are watching the motorcade as it makes its way through paris with mr. macron. andt will be fascinating the different opinions we have heard about it. he maintained the enthusiasm and the optimism giving the harsh reality he faces from a divided france. right now, it is not divided. we need expertise. john? n: it is not a divided market and it has not been all week. we have seen your strength. rength.ave seen euro st the magnitude of the move, not much excitement. we are up one third of 1%. that may be where you see the most euro strength. bid on the yen comes back out as well. euro-yen up. the story all week has been saving the le pen risk. >> amazing. tour boats are going by us. the waves are coming up almost onto the platform. the louvre is the most historic place, we all know it. it is the history and the fabric of france, that castle of the kings of the 16th century has gone from a small size crowd to

damaging for the uk, for europe and for ireland. it certainly wasn't the result we expected or wanted. we're very disappointed, but we've got to deal with the cards as now played. this is potentially very damaging for the equilibrium of europe. the market of 550 million people, the great peace project of many years standing. and with ireland, as the nearest neighbours of the uk, in the event of there being adverse consequences, well then we're most likely here to suffer most. that must make you very angry, doesn't it? that here you are, unable, really, to have an influence over an event which could be catastrophic for you and your country? we're not so much angry as disappointed. that's why in the context of the negotiations that are about to begin, we are anxious to impress upon everybody, ourfriends in the uk, ourfamily in the eu, that this needs to be handled in an orderly manner. some of the preliminaryjousting has not been in that direction. that said, we have to look forward now to the negotiations being conducted in a way that ensures that the parties remain around the table an

of adecco tells cnbc france needs to get more competitive, as growth in southern europe helps the world's largest staffing company beat expectations on the top and bottom line. >>> elliott advisers says it will take akzo nobel to court as it seeks to dismiss the company's chairman after the dutch patientmaker rejects a third bid from rival ppg. >>> a chip on the shoulder for dialogue shares as they see the apple supplier embrace investors for a second quarter dip in revenues. >>> good morning. it is tuesday, glad you're still with us. let's check the market action this morning. yesterday was a bit of a disappointment for those bulls out there, those hoping for continuation of the macron rally. it incident quite happen yesterday. the stoxx 600 was off by 0.1%. what we saw essentially was a lot of profit taking after we had seen such a great run up in european equity markets over the last two weeks in anticipation of the macron win. let's look at the markets. the cac 40 is higher to the tune of 0.40%. xetra dax up by 0.25%. the ftse 1 00 up by almost a third of a percent. t when it

of he needs to find a way to bring france together. he talks about europe and globalization. that is not going to regulate to those people. succeed, then 2022 isn't really far away. jonathan: he was also the former chairman of publicist live. >> thank you for having me. why can emmanuel macron proved to be different as the president of france? >> i don't think we can compare them. emmanuel macron is a young talented man and he is not a political leader by carrier so he has nothing to lose. dohink today he will have to two jobs at the same time for the next six weeks. at the same time, he will have to make some quick winds to fix a very important issue. spending makes up a large proportion of that. when they start striking, how does he react? >> france, people say it is always an unmanageable country. i know many of them are coming right and coming from the left. they decided to vote for him -- [no audio] >> emmanuel macron has shown that they definitely wanted a change. they don't the old guard to be running the country again. prime minister trudeau is the leader who sent the most co

can you continue to dislocation between the u.s. and europe? i think you can. you have a different situation in the u.s. we have unemployment down at pre-crisis levels. you have, although inflation is expectations, you see quite give room for them to know. they are seeing increases in at a slowg on pace. in europe, you have northern europe and germany in good shape. they have somewhat tight labor markets. the rest of europe has overcapacity and supply. you will continue to the and a low inflation environment in europe. do you think we can do more than 10 best points on the bund 10-year? luke: we think you can. a lot of people are talking about the stronger growth in europe. that is not leading to inflation and not likely to lead to significant policy change in the ecb. we think they're going to buy everything and keep rates low. jonathan: would you be on the same side of that trade? luke: not quite. you think both germany and the u.s. on either side of 5% unemployment. has the wrong level of interest rates in their economy. ecb is starting to take note of that. this is happening in

, forcing them to return to europe. next, we hear from historians from the u.s. holocaust memorial museum talk about the st. louis's journey and the fate of its passengers. the u.s. commission on civil rights hosted this event in washington, d.c. it's just over 15 minutes. now we will turn to our historical presentation for today, the journey of the st. louis, how jewish refugees nazi regime were turned away by the u.s. government. recognizedtionally day to remember holocaust victims is this monday. we are grateful to be joined today by two accomplished historians with the u.s. holocaust memorial museum. the horrors of the holocaust and the terror visited on the jewish other, along with several targeted groups should never be forgotten. a painful reality is hostility to choose because they are -- hostility to jews because they are jewish existed and that is a chapter in that odious tail. today, we honor the memory of those who perished in the holocaust by hearing about the journey of the st. louis, and we also honor them by insuring such horrors do not continue today. media reports abound

from near-term and longer-term. is there going to be trade in europe, a cyber lease? we have seen that. back into to come play and how fundamentally that is an asset. we think the picture is more volatile, more cloudy for europe than the united states and canada. are there particular countries more attractive than others? the u.k., scandinavian countries. they have done a wonderful job managing their cash flow and expenses. have done a good job in terms of deficits and things like that. in terms of the u.k., there is ew money pouring into the u.k. we will see what happens in terms of germany going forward anderms of future elections the infrastructure growth spend in germany, we believe it will ,e the biggest growth driver irrespective of what happens with the european financial, which is the conundrum. most people are looking for a june rate increase. it could send the market into a correction. where does the 10 year yield go? day --at the end of the little common sense. our interest rates going higher? yes, they are. the economy is improving. that is positive. 35 year bull market and

deserve. it is a cold and calculated choice by theresa may to try and make neighbours in europe into our enemiesjust so she can win a few more votes. an eu source dismisses theresa may's claims as pure fantasty, the eu chief negotiator denies planning to punish britain for brexit. a 20—year—old student is found guilty of planting a home—made bomb on a busy london underground tube train. accusations of lying, the two french presidential candidates hold a debate ahead of sunday's final round. coming up on newsnight, ramping up the rhetoric. britain is in danger of finding the rest of europe uniting against it. we'll be getting perspectives from the uk and the eu, asking who is provoking whom and how we're going to negotiate a decent brexit deal? —— we'll be asking. good evening and welcome to bbc news. the prime minister has opened her election campaign by launching an outspoken attack on european politicians and officials, accusing them of trying to influence the outcome of the british general election. mrs may also claimed they were working against a successful brexit deal. her

populist sentiment that would wash all across europe. it seems that tonight at least that that wave has crashed on to french shores and we're not sure how much further it's going to go. now le pen has said that she's going to be in the head of the opposition, which is as my colleague christopher dickey just said, she's probably more comfortable being in the on sings than in power. but, you know, her predecessors and her colleagues, they fate doesn't bode well for her. nigel farrage went from championing brexit to now he quit his position with the european parliament. he quit the head position of his party. now he has the distinguished position as a paid commentator for fox news. you know, one tried to make her afd party more welcoming, and she was pushed out or resigned from the head of that party. you know, a lot of these people -- these anti-globalists, anti-immigrant crusaders once they either succeed or fail, they actually fall into obscurity and the causes that they led follow them. so it's not clear if ms. le pen is going to have that same outcome. >> and the narrative there, nige

pen layered all sorts of phobia. around europe there's been a lot of congratulations. i think what's really important is that the rest of europe knows that they dodged a bullet tonight and they have come out and supported him and especially the jury mans. basically the leaders of europe have said that in order for us to support macron as he makes reforms in france to be able to fix the employment problem of so many people, then we have to help him by cutting back on this program that we've had basically since the crash, since 2008. so that is very, very significant, what the germans have said. and it could begin to change the economic equation and try to -- and make people understand that the major european leaders are understanding the hurt that many of their employees and workers have been going through over the last several years. >> now let's talk about the potentially relationship between the u.s. and france. former president barack obama did inject himself into this election and he threw his endorsement behind emanuel macron. president trump at one point leaned toward la

through the vote unscathed and become the of france.ent that's the base case scenario. tracks europe crossover index which comprises credits to bond insurance to grade.investment european corporate entities. eurois the most liquid credit. as i said, we haven't seen this tight since july 2015. investors backing off what they perceived a risky end point the vote. >> we're not seeing much change here in the united states. continue to see a lot of positioning on individual stocks that are reporting edgers. lot of the action has to do with that and also people waiting for coming out of d.c. take a look at the health stocks, we have not seen much change today in the stocks. when we hadint out the last several votes in washington whether it's healthcare or some of the other funding bill for example, we have not seen as much reaction in the us stock market. broadly, with regard to healthcare, specifically the inions has been concentrated companies that have the most win or lose. notably the hospital stocks, are exposed to adcade funding.id the big insurance companies aca.ted to the we are oi

major challenge to security in europe and to nato is coming from russia. our allies are expecting to hear that kind of commitment and an understanding of what the challenges that are they are facing. >> so, ambassador burns, you see this as a unique meeting in the history of nato, because you say for any other president, this would be a first trip to assume leadership of the west, but trump, you say, is the first u.s. president whom europeans don't see that way. explain. >> well, unfortunately, that's the case. and i agree with ambassador evo dalder. this is going to be i think the most difficult trip, visit of president trump's visit to the middle east. every president since trumon has naturally been seen as the leader of the west and leader of nato. not so donald trump, because he has been exceedingly weak on russia, he's not been critical of putin for the theft of crimea and the insurrection that russia is instigating in eastern ukraine. he hasn't in a way that ronald reagan did stood up for the western values of freedom and democracy. he doesn't talk in that fashion. i've just co

. and a watershed moment. angela merkel signals europe and the u.s. are drifting apart. what will the future relationship look like? sys manytish airways of it -- says many of its computer systems are up and running. onl stocks see turbulence the massive failure? matt: less than a half-hour away from the european open. let's take a look at futures in the markets that are going to open and trade today. london is closed, not because of the computer failure, but for a holiday. here you see the euro stocks futures unchanged, dax up just .1%, cac down about the same amount. check out the bunds. looks like investors are selling off german debt, pushing the yield up. ,ight now trading is at 0.35 not a huge amount. it still looks pretty blown out. just want to know get through an hour without talking about bitcoin. aussie dollar down, iron ore in the tank. aussie stocks are also lower there was an attempt to runiit it up, but volumes are below the 30 day average, asx down .7% . when it comes to the commodity side, this is where you are seeing a little bit of a storyline. back in the 50's,

minister theresa may explains why she had initially opposed calling the general election. in europe, from turning this --ntry to interpret tax came haven with low tax, which is, and investment. we want high wage, high investment, rowing economy, with good relations with our neighbor and with the rest of the world. would be ahere general election. after i became prime minister come i fell the most important case for the country -- was the stability and getting on with triggering article 50, so that we made sure that we were delivered in a vote of brexit. >> japan's jobless rates remain at the lowest from her than two decades last month, closing at 2.8%. meanwhile retail sales meet expectations -- beat expectations wrote -- rose 1.4% for march. spending fell more than expected, 1.4%. the formeror -- dictator panama died at the age of 83. he recently underwent enough ration after some ring -- a hemorrhage following brain surgery -- there he has been a key u.s. alec about was forcibly removed from power when american troops invaded panama in 1989 and he was later jailed. >> global news 24 hou

. so the inflation trade looks intact. compared to other regions, i think that europe is ready to go. >> do you want to overweight france? because you think macron can actually get a working majority of parliament. >> that remains the question right now. and france, we know labor laws are always a big question mark. and in europe generally the structure and form remain a challenge. but i think that going forward would have to overweigh it. france at the center and spain and even greece. obviously favor it cyclical. >> and once again, i just want to bring the very bullish message you've got for investors. you say double digit returns between now and the end of the year. that's quite a big ask? >> yes, profit taking and it's logical investors taking to the profit. it's an old saying, for more investors, but looking ahead, i think that major european industries could go back to the highs. >> all right. thank you so much for your insight. chief investment officer at dolfin. >>> still coming up on the show will it be the most important partnership in europe? we'll get merkel's reaction to

there. going to israel. relatively receptive environment. once you go to europe, nate to where some of these members have divergent views compared to the white house, also to the g-7, where the problems could resurface on climate change, there could be a sticky situation ahead for him. >> he once called nato obsolete, he now reversed course. we know he wants nato to join the alliance to fight isis. >> i think isis is a possibility. it's an easy win for nato and the administration. on the 2%, will you see commitments. it's easy to commit. it's much harder to do. i think there will be at least calls for increasing defense spending by several different members of the nato community. whether they actually achieve those gains, that's debatable. what about the eu? he will meet a number of high profile officials at the eu. during his campaign he has been riling against the eu saying this is a dysfunctional organization. what sort of trump will they be seeing? will be a much sorter trump? this is just a guess. generally speaking we see him interact with international leaders. he wants that

is this? let's start with europe. the birthplace of liberal enlightenment and give you a map. let's start with friends. right now the likelihood is that the center-right campaign in france is imploding which means the two contenders are emmanuel the crow macron and marine le pen. it will make any prediction after 2016, i've learned my lesson. i say that i think macron is weaker than a lot of people assume. i don't think he has organizational structure and he put himself forward as an obama -like candidate. there was a presidency in austria last year end at the party that is finding outside vienna, is finding a new strength and more adherence. in germany, the alternative for deutschland party is increasingly challenging gensler andrea merkel from the right. we will see what happens this year. [inaudible] in finland you have the finn party which entered government for the first time on an opposition to nato agenda and structure of liberal order. in eastern europe, victor or bond in hungary used to be the exception to the region where he was putting forward a quasi- authoritarian natio

. there is only a week to go. there is a lot of the grim fatalism in europe about what is going on in washington. mark: the word impeachment is being used in all quarters. how is it going down in the white house? margaret: you are hearing it in some corners of washington, primarily among liberal democrats. this is still very much a partisan talking point, and it is only part of the democratic party you are hearing. a lot of democrats who want a more centrist reputation saying it is too soon to talk about that, that we need to get the facts now. the white house is looking more closely at republican responses, republican behavior. it may seem like a slight gradation, but to hear house speaker paul ryan say that good to thes to fact and they will be a thorough investigation seems like a tone, ahange in recognition that this has reached a level where republicans need to take a step back and make clear that they are completely dedicated to getting the information. pressure certainly ratcheting up on jim comey to give some sort of a testimony for the record in house and senate probes. the p

anchor: the french president elect pledges to heal his divided country and defend europe. the euro drops from a six-month high against the dollar as concern that the ecb will maintain its currency weakening stimulus. oil on the up. the saudi's signal the production cuts could be extended. iran says it is willing to play ball, too. kill the complacency. her and he urges his is to forget their local election success. leave no door unlocked. ahead of next month's national vote. good morning. this is "bloomberg: surveillance ." i am guy johnson alongside tom keene in paris. mark barton is in london. quite a night. >> quite a night. i was at the champs-elysees having a beverage of my choice. it was a champagne. it was fabulous and the excitement, it was not packed streets but there is busy streets with the usual celebration that you would expect in paris. it went well over 90% for mr. macron. guy: it is going to be a fascinating story. it does not run out of momentum because people are already talking about kind of how he turns this victory and consolidated into the national assembly. t

china with asia, europe, and africa with infrastructure and investment. tom mackenzie is in the capital for us. what are china's hopes for such an ambitious project? tom: we have been getting more details about this vision, china's attempt to recast globalization in its own image. we have heard from xi jinping a pledge of additional $70 billion in funding for the initiative, and don't forget the credit suisse reserve. china could commit up to $28 billion for this. we have seen some of the policy banks, plus private banks like standard chartered, getting on to form a framework about financing. and in asia has told us about a $5 billion credit line they have for a high-speed rail link. are there has been he likes of the chairman of china's biggest oil and gas company telling us of $20 billion worth of deals he has been doing. as you .2, they are concerns here. on germans are holding back this project. they are concerned their companies will not be given a level playing field. they are asking, are european companies going to get the same look as chinese companies? we have heard some concer

gavin grey. our top stories: a warning from merkel — the german chancellor says europe can no longer rely on the united states and britain. a second day of chaos for thousands of passengers with british airways. as computer failures continue. another brazilian leader under political pressure — thousands rally on the copacabana beach, to accuse president temer of massive corruption. no cannes do? joaquin phoenix walks off with a best actor prize at the film festival but has to apologise for his footwear. hello. for decades germany has stood shoulder to shoulder with america and the uk. but in the wake of brexit and the election of donald trump, might that be about to change? the country's chancellor, angela merkel, has warned that europe can no longer completely depend on its old allies and that europeans had to take their destiny in their own hands. it follows a g7 summit that chancellor merkel called very difficult and unsatisfactory. caroline davies reports. a loud reception and a giant pretzel, angela merkel received a large warm welcome campaigning in munich, but the german lea

francine: a new world order. angela merkel says europe must go it alone as the days of relying on america are gone. the fed's john williams says we should be aiming for a goldilocks economy. and apologies for the massive computer meltdown that left thousands stranded over the holiday weekend. how much will this cost of the company? this is "bloomberg surveillance ." i'm nejra in london. happy memorial day. if you happen to be watching from the u.s. it is a bank holiday in the u.k., too. chinese markets are closed as well. the stoxx 600, pretty flat there, bearing all that in mind. the dollar-yen, pretty unchanged at 111.31. we did see a little strength earlier after those comments from john williams. cable is up .2%. that has been moving fairly strongly ahead of the u.k. election and a sterling did have its worst week this year last week. and keep your eyes on the 10 year italian yield. it looks like it is down two basis points. it was moving higher earlier, after comments from the prime minister. let's get the bloomberg first word news. reporter: north korea has conducted another

in global power from the united states and toward europe, election of th the france with 65% of the vote f. you're looking for stable leaders of the free world, it eems increasingly the world is turning toward france, germany and europe and away from the united states. for what does that mean you and i and americans here in this country? aller: i think it is actually quite a dangerous time, for us we need tos, i think stay skeptical of all the information that we have coming at us. we have active disinformation ampaign targeted at americans with fake news via legal facebook ads and other measures comes from russia. think we need to stay skeptical and personally i have of the dollars, my entire life savings outside of the united states. only cash that i need to live on a daily basis and i've heavily, happy to go through the portfolio, portfolio, well thought through. host: you'll have to go through but where are you invested? where oversea? in developed world economies outside of the united states. in europe, the euro, france, germany, ets, the swiss frank, swedish crona, and a littl

strong performance in europe boosts sales. >>> axa announces plans to float a minority stake in its u.s. operations, as the french insurer reports first quarter revenue shy of analyst estimates. >>> ing's first quarter underlying pre-tax results exceed expectations, but the company's cfo tells this program demand is still soft. >> demand is still quite low. so you have to work really hard in order to get your lending volume in. that's why we are so flash and happy with the 5.7 billion. >>> good morning. glad you're with us on wednesday. we have a lot to get through. let's kick things off. a stunning development in washington. president trump has fired fbi director james comey who had been conducting an investigation into possible connections between trump's presidential campaign and russia. according to a white house statement, trump acted on recommendations from deputy attorney general rosenstein and jeff sessions. bot richard burr the republican senator leading the senate investigator into the possible russian ties said he is troubled by the timing and reasoning of director comey's te

. turned them away, they were forced to return to europe. the u.s. commission on civil rights has this event in washington dc. 0 minutes. over 5 >> we will turn to our historical presentation scheduled for today which is the journey of the st. louis, how just refugees fleeing nazi persecution were turned away by the u.s. government. the internationally recognized date for holocaust remembered today is this monday, april 24. congress has now encouraged all in the nation to commemorate the we areemembrance and joined today by to accomplish historians -- by two accomplish historians. holocaust of the should never be forgotten. the painful reality is the hostility to jews because they were jewish existed outside of nazi germany at the time. today we honor the memory of those who perished in the holocaust by hearing about the journey of the st. louis and we also honor their memory by ensuring such horrors do not continue today. unfortunately, media reports abound with devastating images of the chemical bombing in syria. refugees fleeing from the chemical war in syria weighs heavy on many mi

strengthening check -- strengthening. dividedresident trump's opinion. angela merkel said europe and the u.s. are drifting apart. haidi: warning lights are flashing in australia with a new record coming to an end. betty: vietnam says growth targets will be met. we speak with the prime minister later in the program. , wherehello, from sydney it is just past 6:00 a.m. trading at the start of a brand-new week. betty: we have a short trading week in the u.s., sunday evening just past 6:00 p.m. the markets are closed for memorial day. we will take all of the action on friday. look at how it will affect the asia-pacific trading day and the u.s. and in particular the big jobs report. that is something to watch. the fed meeting as well, u.s. pretty closed on friday much mixed. no one taking any big positions ahead of the long weekend holiday. bit,o wake us up a little we had reports of another missile being fired by north korea. that happened at 5:40 a.m. local time, launching a missile that zone.nto japan's economic this is according to the japanese officials, also confirmed by south korea. in the

was getting at was the freedom to become a refugee and get into europe and travel freely throughout the continent can be dangerous, can be seen as dangerous. >> eboni: we have to do is more than one thing at one time. i'm sure we can do it. we can have important constitutional extreme vetting and we can watch out for these homegrown domestic terrorism. this is ideological. we know this. we have to stamp out the ideology. as kat said, san bernardino. this manchester person, born in england. it is more than one issue. >> herman: it starts with enforcement of laws that are already there and making sure we know who is here as well as better vetting of those who want to come here. >> eric: and the hundreds of thousands of people who overstay their visas in the united states. >> elvira: and that's why we have such an immigration problem. if you want to get into that, we can deal with that issue. don't give them jobs. >> eric: isn't it the same issue? points to the exact same threats, whether it's a muslim, i'm sorry, a radical islamic terrorists who want to come here or someone coming fro

in a moment. and europe's new power couple. after a big win for merkel in the key state of north rhine-westphalia, how will macron and merkel reshape the eu? they meet in berlin later today, matt. matt: that's right. expecting that meeting around .oon, so six hours from now we are less than a half-hour from the european open. bureau stocks -- euro stocks rising a quarter percent. cac futures, looks like a risk on day. investors are selling off bunds. i have a three-day chart, let's move it to one day so you can see the price action. you could see some volatility there, but yields are still up 0.4%.right now, to .0 guy: what do you make of the win for merkel? north rhine-westphalia is big, and she took it big. is it in the bag, when we get to the central vote in september? matt: i don't think you can say it is in the bag, because we still have four months, and last year in the u.s., not everybody thought donald trump was going to be the next president in july, or even in august or september. but we do have a really shocking victory for merkel, it is the second time in 50 years the

is the symbol of that past. it was built to divide europe, o keep people in and ideas out. in face of division, nato allies stood united in defense of freedom, democracy and human dignity. in 1989, the wall was brought down by peaceful protests, by popular movements, and by the bravery of countless men and women across central and eastern europe. will y, all those who enter this building will pass this memorial. they will understand that freedom will never be defeated. and that nato will always defend the values on which our reliance is founded. so, chancellor merkel, you were in berlin the very night when the -- when the wall came down. we welcome you here to brussels to the new nato headquarters and the floor is yours. lease. chancellor merkel: your majesty , secretary general, dear colleagues. nato's new headquarters will be the future point of reference of nato, a modern building like the building of this headquarters is a reference to the future. however, if we are to find convincing answers for the future, it is good to remind ourselves of what we have achieved in the past. n

europe, the finance minister and central bank governors from the g7 nations gathering in italy, the first meeting since the g-20 in germany where there was disagreement over trade. trade has been taken off the table and left for the heads of states. joining us is matt miller. and whatn the agenda is not on the agenda may be more significant. .> that is interesting officially, trade is not on the agenda but it seems to be the only thing anyone is talking about. from the italian finance minister to the japanese bank of japan head, everyone is discussing trade. whether you call it free trade or fair trade, mentioning protectionism or whether you call it rules-based straight. it seems to be the only -- rules-based trade. the only thing everyone is talking about but not on the agenda. >> what about greece? >> greece is another thing they are discussing on the sidelines. not part of the official program. they expect to get a deal, according to european commissioner who we spoke to last night, he said he's optimistic that by may 22, they will get a deal, that is when the euro group meets i

. growth in the mid-2% range is not happening but it is likely in europe. that stands in contrast to estimates compiled by bloomberg which sees u.s. gdp increasing by 2.2% in 2017 and 1.8% in the european union. global news, 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. i am sebastian salek and this is bloomberg. francine: china's official factory gauge held up in may, bleed by improving global outlook. the economy remained at 51.2 for the second month while the nonmanufacturing sector moved to 54.5. jeff kearns joins us from there. what do these numbers tell us about the sustainability of the chinese reflation trade? that was one of the key things we were looking at today. the numbers were not incredibly surprising. the main reading coming in a little bit better than expected. consistent with the prior reading. the internals of the report shows that one of the things is in put prices. whichre down below 50 now is a big swing from the end of last year when they were getting up close to 70. one of the things that is also interesting wit

? and here in europe at least we see futures still down although only by a little bit. .2 of 1%. 1/10 of a percent. s&p futures have turned around so it looks like equity investors are not overly concerned or not concerned at least that the plunges in the u.s. and in brazil are warranted here in europe again today. guy: we have priced of it in yesterday but not all of it. that is what markets are reacting to. let's look at the gmm. you can see the s&p 500 move down 1.8 2%. we recovered a little bit but we have not recovered all of it and that is significant. other markets are following suit. the dollar is bid, the dollar index is up and the yen is up by one point 5%. the euro is down but it is trading north of 111. let's get the first word news update. here is juliette saly. juliette: prime minister theresa may's conservatives are expected to unveil their party manifesto ahead of the uk's general election which takes place in three weeks time. may will tell wealthy elite elderly voters they will have to pay for their own care and she will thomas further controls on immigration by doub

give europe its own budget. it is definitely not for tomorrow, but it is a step in the right direction for europe. >> emmanuel macron has pledged to unite the country's wrists following -- unite the country's rifts following his victory over marine le pen. >> i would like to say a few words for those who voted for madame le pen. do not boo them. after all, they have expressed their anger, disarray, and their belief, and i respect those as well. but i will do everything i can in the next five years to see that these people no longer have any reasons to vote for extreme ideas. >> at the end of the day, it is a very positive result for markets. we should not discount that. at the same time, he needs to find a majority in parliament and do the reforms. there are uncertainties about that and how much you will be able to do. when you look at trump in the u.s., even though there was a republican sweep, it proved to be more difficult than people thought in the beginning. >> the full extent of macron's victory, people will debate for a long time, but it does not matter. if he grabs a

>> new world order, german chancellor angela merkel says europe must plot its own course, signaling drifting relations with trump's america. rely andopeans must put our own destiny into our own hands. >> british airways revised some computer systems that are forced to recover from technology failure. passengers stranded across the globe on a holiday weekend. gradualliams takes a -- finding fighting policy that worked to a goldilocks economy. >> nothing has pushed me away from that. ♪ >> they cultivate mining, you are welcome its daybreak morning -- daybreak europe. i got the last the a's flight back from the anna with my bags. politics is at the top of our agenda, look at the dollar rand. rand accelerated, rallied by 1.7%, it gave most of that back. it give a void. we saw the highest level on dollar rand since april 12. the volatility is fairly muted every this is the chart you want to keep an eye on. why is it so muted? ,hat rally should continue emerging market currency. the carry trade will prevail. the fact that summa has avoided you are stillve, going to see a return to form.