tv Street Signs CNBC April 10, 2017 4:00am-5:01am EDT
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♪ good morning, everybody. you're now watching "street signs." welcome, i'm louisa bojesen. >> and i'm carolin roth. these are your headlines. >> tensions over syria keep markets on a slight edge as russia and iran say american air strikes crossed their lines, while the u.s. ambassador to the u.n. says the moving of bashar al assad is top priority. >> we got to make sure we actually have a leader that can protect his people and clearly, assad is not that person. >> secretary of state rex
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tillerson calls the u.s. military strikes a message to nations including north korea, as he touches down for the g7 meeting. shares of stada soars. and the urt gets a boost after the adviser sends a letter to investors calling for the miners to stop the core drilling structure and spin off of the business. good morning, everybody. welcome to "street signs." i thought i was being smart is this morning. i looked at the markets when they initially opened. completely flat, a bit of red, a bit of green. and now there's more red. >> more red? >> it there is, yeah. a bit more red. smaller markets just hanging on it to that spot of optimism, by and large, more negative within the last hour of trade. and european markets reflecting exactly that. keeping in mind we have the much
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anticipated payroll figure on friday. maybe it's a wait and see scenario on this morning's early morning trade. when it comes to the sectors, reflecting what we've seen on screen, the oil and fuel and beverages, basically higher by just over a percent. >> leaders across europe, saudi arabia and japan have expressed their support for the united states missile attack on friday. allies of bashar al assad said, however, the united states air strike had crossed red lines. in a statement released by a joint command center from a troop of russia and iran-government backed militias they said they would respond to any force of an aggressor. united states ambassador to the u.n. nikki haley said they wanted to send a message to syria that united states would that longer stand by to watch
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atrocities take place in their country. she spoke on nbc's "meet the press." >> of course, it's to defeat isis. it's also to get out of the iranian air force which we think is causing so much friction and more issue information the area. then we've got to go and make sure that we actually see a leader that will protect his people. and clearly, assad is not that person. >> now, the syrian war is also expected to dominate the agenda to the g7 meeting which continues today in italy. the u.s. secretary of state is among the invitees. rex tillerson's comments come on the eve of his first diplomatic trip from moscow. it's going to be an interesting one this time around given the geopolitical tensions that have been increasing over the last couple of days? >> reporter: you know, this
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meeting was present to be preparatory for the heads of states to meet specifically at the end of may. there's a number of items on the agenda including, north korea, libya and on a syrian air base last week. rex tillerson, the u.s. secretary of state traveling here on the back of public speeches announcements which he's given over the weekend in which he said the priority is not necessarily the ouster of president bashar al assad in syria, but it's still the fight against isis as we heard from ambassador nicki nickly, ambassador to the u.n. here this will be a chance in italy for g 7 foreign ministers from italy from france, from germ money, from uk, from canada to grill will tillerson what it is the white house wants to do vis-a-vis syria. whether the regime has pushed
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for a change. the obama administration clearly not pressing too aggressively for that. this is a question that a lot of people asking questions about. and that clarity is something that rex tillerson will have to take with him to moscow tomorrow afternoon. >> villa marx joining us live from luc ka. mike jacob is here. what do you think we'll get out of g7? will we get more clarity on the longer-term u.s. stands? >> i highly doubt it. he's been quite clear what he thinks, the trouble is that's quite different than what nikki haley is suggesting. meanwhile, we haven't heard much from donald trump. we've got two different positions from u.s. senior figures. we don't know what the overall message is. and tillerson will lay out his thoughts once again. >> looking at figures from the
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council on foreign relations the u.s. dropped 26,171 bombs over the course of 2016. actually, it might be more, if you have multiple bombs that can be tracked to one attack basic will, 12, 192 were dropped in syria. why should we be viewing this attack -- or this attack -- this bombing as anything different than what we've seen as the 12,000 something bombs already? >> well, i assume, i haven't seen the figure, the majority of those were directed at isis. whereas this attack not only was it to the administration but directly to the chemical attack last week. this is a difference. that's not to say that the u.s. has acted differently in the middle east for the entire intention thus far. this is something different. what we don't know is whether we're going to see any more attacks of this sort.
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again, we've heard different message. we've heard nickki haley saying that assad has to be removed. and rex tillerson saying if there are any more attacks, the u.s. would react. and an enormous amount of uncertainty. >> mike, based on the premise that this really was a one-off, that the u.s. administration under donald trump simply doesn't have a strategy when it comes to assault, when it comes to fighting isis, when it comes to fighting syria as a whole, has the attack made things a lot more complicated or worse because there's always another retaliatory strike when it comes to chemical weapons? >> yes, absolutely. i mean, there are so many moving parts but it's not sure exactly to make out the implications. i wouldn't use the phrase that
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it was an easy piece before hand. that's too kind of a situation. people are still die, tens of thousands, prior to this attack. what this is a slow grow, which has shaken everything up. >> a lot of blame has been put on president obama for not acting quickly back in 2013 when we first saw the real evidence of chemical attack happying ih the syrian people. there's been a lot of talk of that over the weekend. do you thank you would have made a difference with the situation in syria? or do you think no u.s. president can make peace in syria? >> gosh, that's impossible to answer. obama's key reason for not acting in 2013, he wanted guarantees from the military that they could destroy the chemical weapons that syria used. and he couldn't get those. nevertheless, al assad came out
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emboldened. now, we have to decide whether the u.s. is stronger now than then? i mean, it's very easy for trump to criticize obama. >> they're two very different valid points on why and whether assad should be taken out or not. you know, whether that's the regime shift that's needed in order to shift syria. >> also, if you can, by the way. >> sure, sure. absolutely. but the u.s. administration and assad actually have a lot in common which primarily is containing isis. >> sure. >> they're both trying to do that. is it the right route that we're sighing to show the ajeem that we' regime that we're looking at tillerson's comments? >> again, something so murderous as assad against his own people, it seems like the decision to make. if you knew getting ready that
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it would create this vac which isis has shown they are willing to step into. so, the u.s. has a very bad history when it comes to what we do after the bombing. it left a very bad situation in iraq. and i think it was a real worry amongst some of the u.s. government they would repeat that. possibly in even a worst situation in syria, which is why we're getting mixed messages at the moment. >> thursday's air strike was primarily driven by impulse. that's why we saw images of children dying. is it possible if he saw images coming from north korea that he would respond with the same kind of force? >> i think you're making an assumption yourself suggesting it was him watching tv that
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committed to the air strike. for the russians' view, their view is this was planned a long time in advance. my instinct would be the first thing to do with north korea is to put more pressure on china. and china is north korea's supply line. on the other hand, u.s. and tillerson made quite aggressive comments to suggest if china is not interested in this, then they'll take action. >> mike, thank you for that. i know all of the question, impossible to answer at this point. mike jakeman, economist at the intelligence units. at least 45 people have been killed many more than 100 injured after two separate blasts in egypt during the sunday services. in the city of tanta, it was followed hours later at st. mark's cathedral in alexandria.
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egypt's president has declared a thr three-week state of emergency. swedish police say a man suspected of driving a truck into a crowd in stockholm had expressed sympathy with isis. police say he was wanted for failing to comply with the deportation order. one of those was spotted by the ceo in the music streaming service to pay tribute to the british national saying the company would focus efforts on supporting his family. still coming up on the show, barclays under the microscope. ceo jeff staley faces an investigation after allegedly breaking whistle-blower rules. we'll be back in a moment.
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welcome back to, you're still watching "street signs." shares in german drugmaker stade has hit the top 600 after the takeover by firm cinven and bain. stada rejected bids of 3 billion euros. stocks are trading higher after "the new york times" reported that the takeover of the lee. hong kong billionaire has been gradually increasing his shares since the brexit vote. shares in elliott unlocking a plan to unlock shareholder value. the letter details a proposal to modify structure into an australian-headquartered company to deemerge. and the consist value-optimized
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capital return policy. the firm said it holds a long economic interest in boc. and rio tinto trading higher due to lower earning. the company said that nearly three quarters of the $4 million went to australia. let's get a deeper view of the markets with the head of if you want research at dolphidolphin. if you take a look at last week, they're pretty much flat. european markets seemingly down. what is to keep the market from up and down? is it earning season? what do you think it is? >> the market has definitely lost momentum. maybe it's distraction. maybe it's the financial situation, making it more expensive, et cetera but, you're right. i think there is definitely scope for better earning this
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quarter, indeed, moving forward. in a four-week projection. maybe the analyst community underestimated earnings this year. perhaps every other year to estimate. yeah, in the short term, i think we'll keep you are eyes on this fund selection. there say market with negative outcome, compared to what we've seen in prior years, if we can avoid that one, i do think markets may rally on that move. >> until then, though, a little bit of uncertainty, despite you do say overweigh european equities at the expense of american equities. we hear this time and time again at what point do valuations in europe actually catch up with those in the u.s.? >> to your point, it's not a new message. in fact, it's been a disappointing trade in years past. i don't think -- we've only recently moved into this profit from u.s. into europe. i do think there's political risk weighing on europe.
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at least the french election, this german election just beyond the summer. but i think we're seeing better economic performance in europe, the pmi and the data, the soft data looks good. unemployment continues to fall. and there is a sort of delta, or sensitivity that europe has with the merging markets relative to the u.s. you could get the chinese on here that could undermine that, we're not the chinese bear, we're not the chinese bull. china avoids an economic hot landing, that's good for europe. better for europe than the u.s. >> then i look at things like the thompson reuters liquidator where they took funds out this past week, and the volatility index higher as well, those things should potentially
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indicate a pullback in equities? >> well, i think a bump in the lows and markets are in a prime place for perfect taking because there's profits to be realized. you know, like i said, the dysfunctional or the function in washington at the moment, and the geopolitical challenges that continue to confront markets, we're sure that they can create, or continue to create bouts of volatility. economic fundamentals is okay. with more people working each month in the prior month but the consumer and business confidence is high. >> so, taking that into account then, and taking that as a premise for the argument, what should i be investing in? what are funds doing at the moment? >> i do think there's for europe over the urs, within that, i think there's a leaning towards
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values. now, that is naturally going to take it to the financial trade. you know, there is this cheapness in today's stocks. but, you know there is volatility, associated to both. depends on where you're coming from. depends on your portfolio position. the core thinks you should be leaning into financials and industrials. >> you also said you like sterling. you think that's a bit oversold at this point. you also like uk assets. to what extent can that go hand in hand because we know that when sterling rises, that automatically falls? >> you're absolutely right. sterling strength isn't necessarily good news for a uk company earning because there's so much overseas. overseas are actually doing okay, if the global economy is functioning okay, then sterling strength isn't so much of a headwind. of course, within uk assets, uk
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markets, it's a portion reflective of how uk performances is holding. if the uk performance is going to surpass a sort of modest expectation, not that you'reeup. this is an interesting story, barclays will make a significant adjust to ceo's jes staley's statements after he broke rules to whistle-blowers to the bank. negotiating after mr. staley mistaken mistakenly provoked a letter from a person that was a whistle-blower. it's interesting because it seems he didn't know any better, it seems he didn't know you don't identify a whistle-blower.
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it's not known whetheren an oversight that will be forgiven -- >> apparently, he told the board about this. he was trying to protect the colleague that he thought was an unfair tax. he acted in best interest from what we know so far. they're docking his pay, 1.3 million pounds and all of his annual bonuses. so there is going to be a knock on his back for this move, or lack of movement. >> things are incredibly embarrassing to him, to be honest. we don't know what the whistle blowing was about, that would be nice one, you know. >> it's interesting, in terms he's trying to protect somebody, it's unfair. the rules are the rules. it does seem, like you're saying, he acted out -- he generally wasn't clear what it was he was asking for. >> maybe he needed more training. maybe every ceo will be given the rules, the 101 on what do
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you tell whistle-blowers. >> the board said they accepted his apology and have their unanimous confidence at this stage. >> probably not the best monday morning for him. >> maybe not. the bank of england was reportedly indicated in libor rigging. that it had influence. telling a libor submitter to push it down due to the boe. before the treasury select committee in 2012. we need to take a short break, as usual, at this time of the day, check out world markets live. it's our blog it runs throughout the day. there's lots of good stuff. find us on twitter, either @louisabojesen or @carolinroth.
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hell lorgs and welcome, yes, you're still watching "street signs." i'm carolin roth. >> hi, everybody, i'm louisa bojesen and your headlines this morning. >> tensions over syria keep markets on edge. russia and iran say american air strikes crossed red lionses, while the u.s. ambassador to the u.n. said removing bashar al assad is a top priority. >> we've got to make sure that
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we actually see a leader that can protect his people. and clearly, assad is not that person. secretary of state rex tillerson calls the u.s. military strikes a message to other nations including north korea, as he touches down in italy for the g7 meeting. >> shares of stada soar after bank makers take over from german capital in 5.2 billion euros. and the drop of the structure and the spinoff to the u.s. petroleum business. good morning, everyone. if you're just tuning in, let's show you what u.s. futures are doing at this early morning hour. 4 1/2 hours away from the u.s. market open. here you negotiation on friday, you saw markets ending
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fractionally lower. the u.s. markets for the week didn't do much. the focus was on safe haven flows and on the geopolitical picture given the north korea talk. the xetra dax is actually off by a few points. the cac 40 off. and the ftse 100 off, with the rio tinto and hp with shareholder calls. let's show you what's happening on the currency markets. we're seeing the dollar balance to some extent on the back of hawkish comments coming from william dudley. euro dollar currently changing hands at 105.80. and the dollar against the japanese yen, 111.33. the safe haven at the end.
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oil prices trading higher despite the conflict in syria. gains are seen as lilted due to the 12-weekly rise of drilling. global market head of strategy is with us in the studio at this time. good morning, harry. good to see you. we have an oil crisis that's been relatively stable when looking back to the last two years of oil. looking back to 2016, $60 a barrel -- excuse me, beginning of 2015. beginning of 2016, $26, $27 n$2w we're around v. what's driving us throughout the rest of the year? >> i think a lot of what's been driving oil prices is going to stay. the supply side to market. we have two dynamics, u.s. share oil progressing. on the other hand, we have opec essentially trying to reduce
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global supplies to stabilize a price. and at the same time introduce a new octave which to reduce the oil-consuming countries back down to their five-year average. >> the geopolitical tensions that have been rising of late, is that going to have a marketed impact on the price of oil, do you think? >> as with the case of oil in the middle east, everything that happens in the middle east of a geopolitical nature always tends to make the markets jittery. we saw that with the air strikes on syria. the oil price jumped up and quickly came back down gwen. now, we have other geopolitical disruptions with libya. yes, it matters from a geopolitical perspective. and as you mentioned secretary of state rex tillerson is visiting europe and he will see his russian counterpart this week. we'll see how that dynamic evolves. >> with the fear factor that we're seeing in the market officially inflates the price of oil. if you before, from a
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fundamental picture, it's not really changing anything. none of the supplies in the middle east of disrupted. at what point do you see the premium action taken out of the markets again if we do not see an impact and fundamentals? >> i think you're absolutely right. stressing the point that the syria is not a supply issue. syrian supply has been disrupted for a long time. right now, there's no particular risk in terms of production centers and the rest of the middle east. it's really a question of geopolitics. rex tillerson meets with his russian counterpart. russia backs syria, the question is what's going to happen from all of this. i think that's an important part when you talk about geopolitical risk freedom and prices whether it's going to keep on inflating or deflating. it's a matter of politics now. what does opec do with this geopolitical risk-free that we're seeing they're meeting on may 5th. if the oil price by then is still, if you will, artificially
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inflated by geopolitics, will you then say, you know what, we're not going to extend because the oil price is high enough? or are they simply going to look through this? >> i think beat yo politics may complicate instructions from saudi arabia and iran. but i think opec's overarching problem is excess supply in the market. and even if we have geopolitics concern, this is their primary issue and they're going to have to address that. as far as we're concerned at bnp paribas, they've given themselves an objective, reduced inventories to a five-year average. that's not feasible in the current period of supply. so if they don't cut, they're going to have a surplus supply on their hand which is going to weigh down on prices. at the same time, given the market positioning, speculators are quite long on oil. any coming from opec we risk seeing the liquidation of these
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positions and that could send the price lower, of course, that's not in their interest. >> how do you see russia's role playing out in this, and the russian impact on oil? >> well, the interesting aspect with extending supply cuts, we've been talking about opec, but there are non-opec countries that have participated in this supply of or restraint and they've been led by russia. right now, up until this morning, i should say, russia has been hesitant, reluctant, in participating in extension of cuts. the energy minister of russia came out today saying, well, they're weighing in, they're considering it. the question for producers generally is participation collectively. i suppose if we don't have collection action, then, of course, the whole process could be -- well, put into jeopardy. >> your oil price target, i see you've made some small adjustments. >> yeah. so, we're not changing our price
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views too much. we're looking at the situation in the second quarter, wti will rise to $58 on average. and $58. for what opec is going to do, we expect them to extend cuts and mitigate them. we're trapped between these two dynamics that gives us a moderately constructive view on oil prices. >> thank you very much. global market strategies from bnp paribas. vivendi has placed telecom italia on the list. vivendi has been under criticism for having taken a media set. 21st century fox says it
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will investigate sexual harassment claims against fox news archer bill o'reilly. triggering the start of a legally required process. according to "the new york times" fox and o'reilly have already paid out $5.2 million to five women who accused o'reilly over harassment. companies have pulled out including major automakers and pharma companies. meantime, the u.s. has ordered an aircraft carrier group closer to the korean peninsula. the carrier group called "u.s.s. carl vinson" was instructed to travel north on saturday. the u.s. military described it as a show. trump aides offered few details on how the two countries intend stod work together in the
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future. let's get out to cnbc sophia yao in beijing. it's what is the response from the chinese media, obviously, they have to response, too? >> absolutely. chinese state media has been quite positive, covering this whole meeting between u.s. president donald trump and chinese president xi jinping is a constructive meeting, one that is friendly in tone. it went so well, actually in reality, that the two parties were able to come to an agreement to try to meet in the middle. there's a 100-day plan to try to tackle the bilateral adjustment between the two countries that the u.s. in particular that china will try to give u.s. better access on that's financial sector experts and beef exports. now analysts are cheering this because it means that consumers can have access to lower costs
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made in china goods and then some boost to production overall. other experts like jpmorgan have pointed out is this a crucial moment for both sides to try to push the other to get greater access for all. for instance, the u.s. can kind of seek china to give better treatment to companies operating here. so, this does mean for now at least, we've averted a trade war. that does not mean that we'll be breathing easy just yet. keep the champagne on ice. if they don't see tangible results, they'll have to walk back and take a look at this relationship overall. sort of rethink how that will be going forward. still overall, the tone was optimistic. trump said that the relationship was, quote, outstanding. that he was very honored to have xi and his wife visiting the
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u.s. and quote, goodwill was formed but only time will tell on trade. xi saying there are a thousand reasons to get the chinese relations right. all in all, really, a successful first in person meeting for two world leaders who have been on opposite sides, sitting now for the first time at the same negotiating table. >> sophia thank you so much for that. and louisa was quite telling where jared kushner, trump's son-in-law was sitting. right nexts to xi jinping's wife. he was the main person in talking to the china ambassador to the u.s. >> yes, he's been instrumental so far in terms of advising trump. something completely different, sergio garcia has won the u.s. masters. the spaniard beat england's
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justin rose in a playoff to take his first major title. it's the first time since 1993 and 1994, europeans have won the title back to back, following danny willett's victory last year. garcia is the third spanish title to win the title on what would have been seve bell le ballesteros. apparently, seve is just one of two known by their first name, with arnie. >> winning back to back. >> i golfer friends tell me it's very significant. you know where they have that very last hole that they need to hit it into, it's like that far away and they don't make it. >> i know. still coming up on "street signs," we're talking about gold, but clashes as corsica clash. we'll get the to the dramatic
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the european parliament's chief negotiator said that theresa may should support american citizens who want to keep eu citizenship. in an article, he said he wants to make generous concessions to british citizens who don't want to lose u.s. privileges. and with the italy finance minister, asked what italy can do to help make the brexit process as smooth as possible. >> translator: the uk's decision to leave the european union must be respected by governments of member countries who share or do not share that point of view. now, we must develop negotiations which i believe right from the start the european union and the british government must be transparent about and put all of their cards on the table so as to build a
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relationship of trust. this is because the uk has chosen to start a breakup process but still remain a major player in europe. let's say that the uk has decided to leave the union and we must find solutions as obviously the united kingdom cannot claim the benefits of the consequences. but i believe europe has full interest in establishing positive relationships, economically, commercially, military and defense. and on the foreign policy side of things we need to acknowledge a choice has been made. at the same time working to build a very positive relationship. because the uk remains in europe and we must take this into account. >> do you think that brexit poses any direct let to italy's economy. >> translator: to the review, thieng brexit is a greater threat to the uk economy than it is to the economy of the european union. so i believe in terms of the deal that is to be negotiated, as i said before, it must be
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very open and transparent. it's not as tease predict as those who see the catastrophic consequences. in my opinion those who have prophesized the magnificent consequences from the uk leaving haven't taken into account the positive and negative interest points from both sides of the field. and it should be done in a more balanced manner. we must all try to maintain a certain restraint without extremism, without radicalism, without assuming that the uk will be involved in a failure because of its choice. let's not even go back to the famous phrase that when there's fog in the channel, the continent is cut off. that is very much not the case. greece's prime minister has said that debt relief is a condition of further austerity. s siprowland them that it was part of the deal on friday. as part of the package, athens
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agreed to cut spending by 1% in 2019, as well as commit to tax reforms. fighting broke out in corsica when marine le pen was speaking. about 50 protesters from the nationalist group which opposed the nationalist front demonstrated outside of the building. at least a dozen act that vish managed to fight their way in. marine le pen at times in first rounds of the presidential race with 24% of the vote respectively. meanwhile, melonchon has gained support with 18% of voter support. claire joins us from paris. we just saw pictures of skirmishes there, we're hearing that jean-luc melonchon is doing
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quite well. what's the outlook in paris? >> reporter: we're seeing four front-runners, not three. because melonchno is breathing down their neck, even showing he's ahead of the other candidate. it's the final stretch in this presidential election with two weeks to go, and as you see, we still have surprises. we haven't spoken a lot about jean luc melenchon, because he's becoming a prom nents candidate. what does he want? pretty extreme proposals. he wants to end the fifth republic. he also wants to renegotiate france's place within the eu, so that could lead to a frexet. and he also wants to get out of
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nato and renegotiate the international treaties. he wants a universal tax for expats and you have a 90% tax. so you see pretty extreme proposals. but the thing he has gained from the soushl socialist candidate slide in the polls. and you can see the two front-runners sliding slightly. i mean, we still have the french people voting for the so-called anti-system candidates, because they all claim to be anti-system now. but also, you have to remember, that there's a lot of -- the risk of abosencou about sentenc is still high. and voters have pretty much decided who they're going to vote for. >> thank you so much. i want to bring in partner in
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open citizen. 40% of the voters are still undecided. based on evidence from previous elections do they actually make up their minds two weeks prior to the election? or is it actually a day of voting kind of thing that they say i'm going to vote for this one? >> yes, this is definitely a very important point that you're raising, 36% are undecided who they're going to vote for in the election that takes place in less than two weeks from now. so that means that the next two weeks will be obviously extremely crucial. because these people, if they decide to go and vote will have to make up their mind as to who they will vote for. what's important to keep in mind, current polls show that current participation is expected to toe show what is normal than a presidential election in france. normally, you'd expect about 80%
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participation. this time, the polls say only 66% are considering to go out and vote. that's probably as a result of the fact that many people are disillusioned with french politics and don't know who to vote for at the end of the day. and because we have a lot of unconventional candidates, to say the least, this time around. and these two numbers of abscenion, and undecided voters. >> considering a lot of candidate, 11 in total, a lot of those candidates want to get out of euro, or want to renegotiate france ace place. you have marine le pen and all of the leftists in this campaign who want to go out of the european union. do you think frexit is only a matter of time even if it's only for the elections? >> let's say, when you addition
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the amount of voting intentions for all of the candidates that pro-frexit, pro -- leaving the euro, you actually get the majority of the french wanting to leave the eu. but when you look at the polls not the majority of the french want to leave the eu so that's quite ironic. what to take in mind here, all of the candidates propose a referendum on it. a current poll show that a majority of french actually want to stay in the european union. i think even if we get a president that is pro-organizing such a referendum, he would still need to get it. >> do you think people are voting on issues or personalities? >> both. in this case, in france, it's a two-run runoff system.
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it's always very much focused on personalities at the end of the day. the french really want somebody who's able to govern the country, who has a very presidential allure. and who, you know, who essentially shows strength. that's something that the french really like. so, on that front, they will definitely look for personality and for candor. but this time around, we obviously have issues talking about high unemployment levels in france. security issues and about the european union and the euro, because a lot of the candidates are against it. >> just to pick up on one of the previous points about voter participation and voter decisions, how big a voter turnout do you think we'll ultimately see? >> it's difficult to say. i mean, what is interesting is that, again, when you look at the numbers, 80% have declared high interest in this election.
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while this number has been stable for several months already for quite some time. and i would argue as interesting is that high, you can expect more people to maybe go out and vote than what the polls are actually showing right now. on the other hand, quite a lot of people want to make a point, make a statement and say they disagree with what's happening in french politics right now so they don't go out and vote or they vote blank. so that might be one thing. and the second detail is the second round is on long weekend. people will prefer maybe to go on holiday eastern to go vote. that will have an impact as well, especially on candidates and cater to urban people on hold. >> that's a good point. maybe they'll go on holiday and not the voting booth. thank you so much. a quick look the u.s. futures? >> yes, u.s. futures, 4 1/2 hours away from trade.
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implied open slightly higher on the right-hand side of your screen there. incidentally, we've got some e-mails coming in. to think about your name there, they call us port and starboard. red and green today. >> or christmas. >> yeah. that's what we're looking at. >> european markets, xetra 100 seeing outperformance. the xetra dax and cac 40 trending down. that's it for today's show. i'm carolin roth. >> i'm louisa bojesen. "worldwide exchange" is up. we'll see you tomorrow. back tomorrow.
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good morning, markets now, the polls look to battle back as markets come off the second negative week. and three u.s. trucking companies reportedly ready to merge. details coming up. and plus, a thrilling finish, sergio garcia wins his second title. "worldwide exchange" begins right now. it is monday april 10th. ♪ good morning, and welcome to "worldwide exchange." on c nbc, i'm sara
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