this is a continent after all a chance and years of a complex relationship with europe and new elections why they matter to africa next d.w. . example elaine has no education her husband drinks. her son takes drugs. there seems to be no way out. then she dares to make a change and take control of her money. a growing thing a story of south africa. in the sixty minutes long t.w. . letter we were. when we were. eighty percent of americans at some point in our lives will experience hardship listen hot. dog. buns. well the campaigns the different campaigns for the european elections are in full swing and we are here at the last plenary session of this particular european parliament because there will be a new one coming and that is being noticed outside of the european union as well that's why we will discuss today you were lections why they matter to africa and that's an outcome of those elections that will be closely monitored in africa this is a continent that has after all shared a long and complex relationship with europe so stick with us and our guest we have a great panel he

relationship with europe you elections quite a matter for the next you. take it personally. with. to make him some special. treat. for more than football. well the campaigns the different campaigns for the european elections are in full swing and we are here at the last plenary session of this particular european parliament because there will be a new one come may and that is being noticed outside of the european union as well that's why we will discuss today you will actions why they matter to africa and that's an outcome of those elections that will be closely monitored in africa this is a continent that has after all shared a long and complex relationship with europe so stick with us and our guest we have a great panel here to my right over there. who's a member of the basically social democratic faction in the european parliament by the way all experts here on the panel and says it is time to rebuild a new partnership between the e.u. and africa turning the pages of the past and to my left we're joined by venue angry she is the managing director of german african s m e allian

. swing. of the last session of this particular europe because we'll have a new one. and the result of that election is going to be closely monitored in africa this is the continent a chance years of a complex relationship with europe you elections why they matter for go. for. the song facebook. for. welcome the campaigns the different campaigns for the european elections are in full swing and we are here at the last plenary session of this particular european parliament because there will be a new one coming maybe and that is being noticed outside of the european union as well that's why we will discuss today e.u. elections why they matter to africa and that's an outcome of those elections that will be closely monitored in africa this is a continent that has after all she had a long and complex relationship with europe so stick with us and our debts we have a great panel here to my right over there. who's a member of the basically social democratic faction in the european parliament by the way all. experts here on the panel and says it is time to rebuild a new partnership between the

for europe's security defense and a very warm welcome to. policy follower of the european council of foreign relations and believes that germany is risking its international credibility laden does not even realize. the reka let me begin with you nato of course styles itself as the most successful military alliance in history is it right to do so i think it is right to do. it the most successful military alliance and nato for the last seventy years has guaranteed peace with europe peace in the transatlantic relationship and in fact really is a big very important part of the transatlantic relationship and it seems to me that sometimes when we talk about the military aspect we seem to forget that this is also just the core of the transatlantic relationship which as we all know at the moment you know has its major problems. of seven decades success story maybe but the celebrations to mark the anniversary in washington have been described variously as restrained low key or even ugly what's the problem the problem is that there's a separation between the american public the american eli

. the cold war ended without a shot being fired in europe. and we have experienced an unprecedented period of peace. so the nato alliance is not only the longest lasting alliance in history, it is the most uccessful alliance in history. ever since the founding of our treaty, our alliance in 1949, every congress, every american president, your men and women in uniform, and the people of the united states of america have been staunch supporters of nato. america has been the backbone of our alliance. it has been fundamental to european security and for our freedom. we would not have the peaceful and prosperous europe we see today without the sacrifice and the commitment of the united states. for your enduring support i thank you today. so, nato has been good for europe. but nato has also been good for the united states. he strength of a nation is not all messaged by the size of its economy, or the number of its soldiers, but also by the number of its friends. and to nato, the united states has more friends and allies than any other power. this has made the united states stronger, safer

is from the center for global studies in bonn and europe and asia needs each other to overcome these times of uncertainty on the road over there the youngest member of the european parliament so it's it's his future we're also talking about here it's of course ralph and he is from the e.c.r. group the european conservatives and reformists and he says calling the asian economies suddenly systemic rivals and competitors is going to fall. also with us is mr good do you think he's india's former ambassador to germany and he says europe is not. in asia. i would show some member of the european left a member of the e.u. china delegation he says asia and europe need to be the closest possible partners to overcome the global problems talking about problems and bachmann is next every time i talk about europe and asia people say to me you mean china many people here asia is synonymous with china so let's talk china. china is big china a sponsor china is trying to change. the nation is striving for power to become the technology of the world. and road initiatives in twenty first century. it's b

growing influence in europe. from the hudson institute, this is an hour and a half. i'm the president and ceo of the houston institute -- hudson institute. on event today focuses balancing eu relations with the u.s. and china. days is omnipresent these from investments to high technology to geo-strategy and it has also become quite a factor in u.s.-eu relations. the united states under president trump announced a fundamental shift in u.s. policy toward china, a whole of government approached announced here at hudson unit -- princeton institute by mike pence in his october 4 speech and now after years of largely benign view in china of china in the eu, a view to largely benign views in the united states by leading opinion makers viewing china as a strategic partner and engine for markets and investment, china is now viewed with greater nuance in the european union, recent guidelines given by the european commission and the european external affairs service talked about china as a country with -- a partner with whom the eu has closely aligned objectives and partner where there needs to be a

services data disappointing. signs of weakness in europe. german manufacturing struggling to bounce back. all of the uncertainties bringing a did back to government bonds. 10 year bund yields heading back toward zero. we begin with the big issue, struggling to get a read on the global economy. >> china, europe. >> the eurozone. >> china forming a bumpy bottom. >> close to a recovery. >> data is encouraging. >> encouraging. >> europe has many existential issues. >> structural hurdles. >> structural problems in europe. >> too many to name. >> this year worse than people expected. >> so awful over recent months.

without a shot being fired in europe. and we have experienced an unprecedented period of peace. so the nato alliance is not only the longest lasting alliance in history, it is the most uccessful alliance in history. ever since the founding of our treaty, our alliance in 1949, every congress, every american president, your men and women in uniform, and the people of the united states of america have been staunch supporters of nato. america has been the backbone of our alliance. it has been fundamental to european security and for our freedom. we would not have the peaceful and prosperous europe we see today without the sacrifice and the commitment of the united states. for your enduring support i thank you today. so, nato has been good for europe. but nato has also been good for the united states. he strength of a nation is not all messaged by the size of its economy, or the number of its soldiers, but also by the number of its friends. and to nato, the united states has more friends and allies than any other power. this has made the united states stronger, safer, and more secure. madam

thousands of nuclear weapons were withdrawn from europe and today top secret bases in storage facilities lie abandoned. these bunkers in a former american missile base in germany once housed cruise missiles this site now hosts a popular open air electronic music festival. the danger of nuclear conflict appears to have passed. but now new nuclear weapons destined for europe are being tested in the u.s. nuclear war is more likely now was at the height of the current. nuclear problem has not gone away it's that strange to become something new and different some analysts call this the second nuclear age. we need to do this was all we're facing the. most dangerous military and especially nuclear security situation in europe today since the collapse of the soviet union in the desert we had to. escape woman tartly there is talk of both the german and of a european nuclear weapon if you ask me a german bomb would be dangerous nonsense but we may find ourselves discussing a european one in the next few years usually that. this is the village of michel in western germany nearby is a ger

. nervous of the superstructure it will actions why they matter to asia. europe after the end of the first world war. there are more than two million stateless refugees. fleeing one document to start a new life. it's their last hope. for . peace sixty minutes w. . every journey begins with the first step and every language with the first word published in the could. be kobe's in germany to learn german why not with them simple online on your mobile and free something from the w z e learning course nikos fi german made easy. welcome to crunch time the european elections are just around the corner i know we've almost forgotten about them because of bragg's that but now they are back with a vengeance and you might have recognized the place we are sitting here this is of course the seat of the european parliament in strasbourg and this is the last plenary session in this set up before the election so it's time to discuss the new elections and why they matter to asia now if you think someone is here you might ask why should i care about the european elections. well there is one of the big

positive .urnaround it is not that europe is going to be going gangbusters. it is that we are going to remove the negativity that was there. europe tends to be positive on the chinese economy. that is why we have seen europe so negative the first part of this year. it is a carry on from last year. it will pick up later on. let me ask you about the politics we have seen in europe. we see the appetite for italians at this morning on the back of that reaffirming of credit rating on friday. we will be talking about spain. it seems italy a little more market moving. so. think the spanish election was never that big of a market event. there was no surprising french party that was a serious chance of getting the majority. there were nuances about which party might be better for the economy. there wasn't that big a divergence. the result is market neutral to marginally negative. repeat ofng like a the italian election. i think spain has been largely a nonevent. perhaps a marginal negative. there has been quite a negative story there. s&p global ratings did not downgrade the country. italian yi

absolutely no issue with europe's past they recognize the enormous success of the european union you often say that reconciliation and peace are its greatest achievements most of the people agree with that they take issue with the ability of the e.u. as a system as a mechanism to move forward to be as efficient as it has to be in present times can you really do the reunion without changing the way the decisions are made yes be done. deal and exactly what happens. in these middle age with these two elements of innovation as cross with the other two element of innovation because the good the good in them and creation of the. plastic knology should have been closed in a close region the region and the. driving force of the society that i believe this time was a medicine and the second. for the new world order mystery or you know that it happened many times in history that something that once was a blessing suddenly becomes a curse everybody agrees that at certain point of time the consensus model that the e.u. has served it well but now it takes china less time to set up a whole industr

in nato for lost seventy y years hs guaranteed peace within europe peace in the trans atlantic relationship and in fact really is a big and very important part of the trans atlantic relationship. and it seems to me that sometimes when we talk about the military aspects we seem to forget that this is also just a core pillar of the transit the let the transatlantic relationship which as we all know at the moment. you know has its major problems. addresses seven decades success story may be but the celebrations to mark the anniversary in washington have been described variously. as restrained low key and nervous or even ugly what's the problem. the problem is that there's a separation between the american public the american elite as represented in congress and the american president. and if you notice of the american public there's a bunch of new polls out. is still for nato a and has bary budged in in europe europe is also still for nature but has gone down a little republicans of course so much more skeptica. yeah which republicans though and that's where that this is the secon

of a complex relationship with europe you elections why they matter to africa. d.w. . has no education her husband drinks. her son takes drugs. there seems to be no way out. and she dares to make a change and take control of probably. a growing thing a story of some. sixty minutes. from the book you are now going to keep. the length of medical research. exposing injustice global news that matters to me minds. while the campaigns the different campaigns for the european elections are in full swing and we are here at the last plenary session of this particular european parliament because there will be a new one come may and that is being noticed outside of the european union as well that's why we will discuss today new elections why they matter to africa and. that's an outcome of those elections that will be closely monitored in africa this is a continent that has after all shared a long and complex relationship with europe so stick with us we have a great panel here to my right over there. who's a member of the basically social democratic faction in the european parliament by

looking good, services data disappointing. add in some signs of weakness in europe. german manufacturing struggling to bounce back. all of the uncertainties bringing a did back to government bonds. 10 year bund yields heading back toward zero. we begin with the big issue, struggling to get a read on the global economy. >> china, europe. >> the eurozone. >> the u.s.. >> china forming a bumpy bottom. >> close to a recovery. >> data is encouraging. >> encouraging. >> europe has many existential issues. >> structural hurdles. >> structural problems in europe. >> too many to name. >> disappointed this year. it has been worse than expected. >> pretty weak data. >> this year worse than people expected. >> so awful over recent months. >> the u.s. economy is doing well. >> a strong u.s. economy. >> the u.s. is not doing poorly. >> the u.s. economy may be stuck here. >> it is a sequencing, the u.s. was stable last year. there is a pass off to china and improvement occurring in china. and europe is also stabilizing at the moment. jonathan: a big week for economic data worldwide and to

kramp—karrenbauer talks to our europe editor, katya adler. i've come to berlin to meet a female german politician who's had a meteoric rise to international recognition overjust the last couple of years. annegret kramp—karrenbauer, otherwise known as akk, is the leader of germany's centre—right cdu party, and she is widely tipped to become the next chancellor of germany — the eu's biggest and most powerful country. now, if she pulls it off she will have very big boots to fill. angela merkel has dominated german politics for pretty much two decades now. so what can we expect from merkel‘s heir? translation: i was born in saarland in 1962. it's a small region in germany. it's a classic industrial region. there was a big mining pit close to my parents‘ house, which was then closed in the 1960s. my grandfather was a miner. my brother and my husband are miners. saarland has a special history, a european history. it was often contested between germany and france, and the region's nationality often changed. saarland is a very catholic federal state, the most catholic in germany, and

a continent that has after all shared a long and complex relationship with europe. so stick with us and our guest we have a great panel here to my right over there. who's a member of the basically social democratic faction in the european parliament by the way all experts here on the panel and he says it is time to rebuild a new partnership between the e.u. and africa turning the pages of the past and to my left we're joined by venue angry she is the managing director of german african s m e alliance connects mall and medium enterprises in germany and africa and she says that it's time for the s of us to enter the african market for long term investment and on an eye level. over to my left a member of the biggest party of the european parliament the conservative e.p.a. likely to remain the biggest party also in the european parliament and he says africa needs europe to set clear political priorities to face common challenges to the benefit of both and last but not least we're joined by dr. he is that the rector general for this small and medium enterprises agency of nigeria and he s

between the european union, china and the u.s., and china's growing influence in europe, among other issues. from the hudson institute here in washington, this is just over 90 minutes. >> good afternoon and welcome to hudson institute. i'm ken weinstein, president and ceo of hudson institute. delighted to see the crowd here and the press coverage for our event today, which focuses, as you can see -- caught in the cross fire, balancing eu relations with the u.s. and china. china is omnipresent these days from investment to high technology to geo strategy and a factor in u.s./eu relations, as well. the president announced a fundamental shift in policy towards china, announced here at hudson institute by vice president pence in his historic october 4th speech. and now after years of largely benign view in china -- of china in the eu, a view parallel to largely benign views viewing china as a strategic partner, as an engine for markets and investments, china is now viewed with, shall we say, greater nuance in the european union. recent guidelines given by the european commission and the

the u.k. prime minister begs europe for yet another delay this time until the end of june but members say they are ready to take a tough line. supporters of wiki leaks founder julian assange hold a vigil outside the ecuadorian embassy in london after reports that he could be expelled from the building. and the u.n. security council calls on libya's rival factions to avoid bloodshed as a commander from the east of the country advances his troops towards the capital tripoli. the latest on the story you can have. coming up in about an hour's time with my colleague kilby she'll be here with us. right now it's time for cross talk with china's growing economic presence in. hello and welcome across. china has arrived in europe in a very big way and not everyone in the west welcomes this italy's support of china and road initiative is a game changer the washington consensus that has dominated the world for the past seven decades is being challenge the turn to the east continues. across talking china i'm joined by. my guest patrick lawrence in new york he is a foreign affairs commentat

commitments benefit of the europeans. but in terms of what is spent in defense of europe, it's something less than 5% or 6% according to independent estimates. let me share what the audience is saying with you, they set about brussels last year with regards to the north atlantic treaty organization. [video clip] >> i told people i would be unhappy if they did not up their commitments. the u.s. has been paying a tremendous amount, probably 90% of the cost of nato and now people are going to start, countries are going to start upping their commitments. i was surprised you didn't pick it up, it took till today, but yesterday i let them know i was extremely unhappy with what was happening. and they have substantially upped their commitment, yeah. we we are very happy and have a very powerful, very strong nato. much stronger than it was two days ago. host: explain the reaction among nato leaders in europe. >> they have committed to stepping up their game. germany not quite as much as the u.k.. germany currently spends about 1.5 percent of gdp but they have the largest gdp in europe and in the

of the world to include both asia and europe. china's probably one country that challenges these objectives along multiple dimensions. and what our panel this afternoon is going to do is to explore various aspects of that challenge. and to explore the possibility of collaborative action between the united states and europe in dealing with these challenges. since the foundation of this republic, the united states has always benefited from having strong allies in managing its interests in the world. today is no exception. and so as we look to managing the challenges in asia, we have to work collaboratively with our allies in europe and elsewhere. and that's really what the focus of this panel is about. so without further ado, let me ask jeppe to take the floor and to speak to us on the question of transatlantic relations in china. thank you. >> well, thank you very much for the invitation. thank you very much also for this framing of the debate, which i think is a good one. i would also like to thank you for the title. the title of this event, which is maybe a little bit provocativ

manus: welcome to daybreak europe. 6:00 a.m. in london. pedro sanchez looks set to return as prime minister, but could look to catalan separatist to forge a core luncheon -- coalition. we're live. industrial profits rebound. stabilization in beijing will boost the euro area. another big week for earnings. phillips kicks things off with their numbers, hitting the bloomberg terminal right now. ♪ manus: warm welcome to the show. with have the phillips numbers heading to take at the moment -- tape at the moment. that is just a snip ahead of the estimate of 4.14%. this, in terms of margins. the margins are marginal, beat 8 estimates, and the adjusted comes in through at 364 million. that beats the estimate in terms of the guidance we had, previously for 6%. when we last spoke to the ceo, he really did defy the gloom at christmas time. buyback was announced, upping the dividend, talking about fantastic margins. those are the numbers as phillips reaffirms its midterms goals. let me take you to the markets because there are a number of huge issues. did mr. trump speak to anybody at opec?

for europe at wells fargo asset management. great to have you with us. there's an op-ed piece saying the data we've had from china is good. he's just not convinced of the long-term nature of the growth trajectory. is that a fair take of the data sentiment this morning? welcome. henrietta: good morning. thank you for having me. i think it's probably true. they have tried to facilitate credits at the moment under the transfer mechanism. it's done a degree of stimulus, but nothing like what they did post financial crisis or 2015-2016. it will be interesting to see how much it lasts and what impact it has on growth. but yes, the question is still out there. nejra: let's look at a chart showing pboc support may state amid the upswing, at least the title on our chart. i don't know if you agree. do you? henrietta: i think they are going to try and support the economy and try to do what they can, but they do have this balanced strike. is amount of debt that outstanding in china is no longer what it used to be. so they have to take that into account. they can stimulate,. but not too mu

bloomberg daybreak: europe. data disappointment. china's manufacturing pmi misses but does this mean the pboc will keep its foot on the stimulus panel? trade talks kick off in beijing. not as easy as a, b, c. out of the shares slump on slowing and revenue growth. samsung this is the bottom line and issues are guarded outlook. results bonanza. bloomberg across the today. we speak with danske bank and standard chartered, as the latter announced a billion-dollar buyback. breaking news coming across the terminal. lufthansa on the airline side, to cut euro wings capacity growth to zero in 2019. call the carriers around europe are under pressure from the headwinds of the cost of actually getting those planes into the sky. lufthansa makes this announcement with regards to the budget airline eurowings capacity to zero this year. concerning the guidance for 2019, previously expected to grow capacity by 2%. first-quarter revenue comes in at 7.80 9 billion, in line with what the market had estimated, 7.88. they are confirming first-quarter negative adjusted ebit's of 36 million versus a positive nu

francois how far as it being in europe and being a european do you see china as a threat or is it an opportunity because you look at the scaremongering out of washington and other capitals in in europe i mean i'm thinking of president ma mccrum he one on one point admonishes been at the same trip the town chinese president was making to your piece signed in the a lot of agreements with the chinese president seems a bit hypocritical at the or at least very confusing go ahead in paris well not may answer would be very him poor you know it would be too forward in tony's or you probably know is determined to define a crisis is a term which contains the word then ger and put in a t. so that the top that's my first point in my second point would be that china is as much as threat or and the poor too nitty as much europe is strong enough not to be threatened and strong enough or petunias sick enough. to grow up to portion a-t. of course all. balancing the was the influence and turner is very good at it and find the witnesses turn up always pushes wherever it's weak wherever it's strong then

include asia and europe. country that challenges these objectives along multiple dimensions. ist our panel is going to do explore various aspects of that challenge and explore the of collaborative action within the united states and europe in dealing with these challenges. since the foundation of this republic the united states has always benefited from having strong allies in managing its interest in the world. today is no exception. as we look to managing the challenges in asia we have to work collaboratively. that is the focus of this panel. ask jt further ado let me eppe to take the floor and speak on transatlantic relations in china. >> thank you for the invitation framing of the debate which is a good one. i would like to thank you for the title of this event which is maybe a little provocative, but even so i think timely and relevant. thank you also for the presentation of me. while i do represent a european perspective based on where i am coming from i am here in a personal capacity. the first point i would like to make is based on what i see in my day-to-day work, the eu is

, you need low or modest in thed growth, 3% or so u.k., 4% or 5% in europe. then you need share prices to reconnect to the underlying dividend trends. what has happened over the last two years and the last 12 months is we've had a significant the rating of equities in the u.k. and europe, partly because of politics. if we see reduced risk coming through, reduced concerns over the global economy, less people are concerned about the end of the cycle, we get a re-rating, a reconnection, and that is where the upside risk is in the market. guy: year-to-date, ftse is up .0%, cac up 17%, dax up 16% are these nice numbers? is the risk actually that it is going to be tougher to make gains for the rest of this year? by the sound of things, you are not entirely convinced that it is. jonathan: it is likely to be tougher, but how much participation has there been? you look at the flows, and we are looking at record net outflows from the u.k. and europe in terms of equities. a lot of that is coming from international investors, a lot of that is coming from u.s. investors steering clear or pulling ou

. the cold war ended without a shot being fired in europe. and we have experienced an unprecedented period of peace. so the nato alliance is not only the longest lasting alliance in history, it is the most uccessful alliance in history. ever since the founding of our treaty, our alliance in 1949, every congress, every american president, your men and women in uniform, and the people of the united states of america have been staunch supporters of nato. america has been the backbone of our alliance. it has been fundamental to european security and for our freedom. we would not have the peaceful and prosperous europe we see today without the sacrifice and the commitment of the united states. for your enduring support i thank you today. so, nato has been good for europe. but nato has also been good for the united states. he strength of a nation is not all messaged by the size of its economy, or the number of its soldiers, but also by the number of its friends. and to nato, the united states has more friends and allies than any other power. this has made the united states stronger, safer

superstructure it will actions why they matter to asia. europe after the end of the first world war. there are more than two million speechless refugees. fleeing one document the start of my. sister last time. i asked for. you sixty minutes w. . what do we want. when do we want it now eighty percent of americans at some point and i live will experience my ship. welcome to crunch time the european elections are just around the corner i know we've almost forgotten about them because of bragg's it but now they are back with a vengeance and you might have recognized the place we are sitting in here this is of course the seat of the european parliament in strasbourg and this is the last plenary session in this set up before the election so it's time to discuss the new elections and why they matter to asia now if you think someone asia you might ask is why should i care about the european election. well there is one of the biggest markets in the world and induced times of globalization everyone everywhere you care to discuss that with a great panel so stick with us and stick with our gues

sentiment overnight. stocks, europe 600 not really buying the story trading around somewhat flattish. european markets are very close to their six-month highs as well good momentum from the u.s. and china. moving on, let's talk about some of the individual breakdown of the indices. ftse 100 is a laggard this morning down about 10 points or a tenth of a percentage point weaker driving a little bit we are getting a bit of a breathing space so when it comes to some of the brexits easter break maybe that's a good thing. for the time being the market is still digesting news there xetra dax is teetering around the flat line. the periphery indices, you have the italian index close to the 22,000 mark having a very strong start to the week up 25% also the spanish index is having a good start to the week as well perhaps taking a little bit of comfort where it doesn't look like there's some sort of conflict between rome and brussels after the latest fiscal numbers were announced last week those were some of the discussions we had at the imf. for the time being, it looks as though the situation

between europe and the united states. what is a long—term outlook for boeing? the united states. what is a long-term outlook for boeing? we cannot say right now what the long—term outlook is, they do have very strong, two very strong contenders. they have the dreamliner, things are looking good with those two wide body aircraft but unfortunately, they put a lot onto this 737 max, they staked their future, and of course they had 5000 orders for that. —— 737 max. now thatis orders for that. —— 737 max. now that is looking very uncertain. from this point onwards, it is hard to predict what the long—term future is, for boeing, and also, we have to clarify the relationship with the federal aviation authorities. there are concerns that the faa, the aviation radiator, did not have enough scrutiny and power to control the certification processes with many of the avionics systems on the 737 max aircraft and there are concerns that certain employees in boeing try to raise concern internally and they were silenced. that is of great concern. also, the relationship with politics, lobby

i mean let's do business china is a big spender in eastern and central europe it's a basement pretty much match those of the e.u. beijing's already announced a three billion dollar fund and ten billion in credit lines for the region now with the opening of it and you will today's summit between china and sixteen incident central european nations chinese premier. lake and sons of his country seeks to weaken e.u. unity he promised to respect european standards and fair trade the backdrop to all this china's massive global infrastructure and advancement program known as the belt road initiative. it by not look like much but this will soon be the site of a four hundred twenty million euro bridge spanning the adriatic. it's fine in some part with chinese money. projects like these are intended to build a bridge between beijing and states in eastern and southern europe. beijing hopes of further cement its foothold in europe for its belt and road initiative it would see china secure transit corridor for its products from beijing to the heart of the continent. this is the plan site of

global map of story -- the global macro story is the prime story in europe. pay attention to the dax. we will get the china gdp numbers coming out. the will be something spend a lot of time talking about tomorrow. csi 300 trading up. let's talk about the euro dollar trading below 113. about theretalking is little enthusiasm in the governing council when it comes to the negative deposit rates in europe right now. there have been concerned that the negative rates are impacting bank probability. doing isting we are something the ecb will not likely to ignore. european banks are trading in the green. a quick reminder of what we have toing up, we will be talking they had of global macro. vonnie: looking foward to that. for more on today's market action, let's bring in jeff, back from a three-week tour of. -- three-week tour. information of global growth. does it feel like things are slowing? >> the thing confusing for investors is the data is coming in weak everywhere. when you look at the leading indicators, and they are all pointing south, and you look at the expectations for the first