♪ >> france's outgoing and future president side-by-side after macron's victory over le pen. you must now try informed a parliamentary majority. he is the leader of france's biggest opposition force, but some people either abstained or

voted for her. she has vowed to overhaul the national front. vladimir putin saying it is important to overcome mutual distrust. hello, and thank you for tuning in to our fat -- our special coverage of the french election. the president-elect is emmanuel macron. he has marked the victory alongside the current resident at the tomb of the unknown soldier. the symbolic handing over of power ahead of sunday's swearing-in. 39-year-old macron will be france's youngest ever elected president. vote. 66.1% of the pen got 33.9%. abstention was rather high.

turnout was rather low at about 72%. commemorationay 8 for us was james andre. >> it was the first public appearance of emmanuel macron. day, victory in france. vip desk areahe on the square, took his former minister by the arm, and walked them through the ceremony. paternal, very emotional, very solemn. macron gave an interview moments -- the current president given interview saying that he would help macron make his first steps as president. he said that he did not consider

emmanuel macron as a traitor having resigned from his government position to run for government. he also confirmed that he would be present on sunday for the ceremony in which macron will be made the new president. macron went back to his party hq in order to start preparing a cabinet. >> james andre reporting. emmanuel macron is pro-europe and pro-globalization. he has said he will serve with humanity, dedication, and determination. he has vowed to fight against division in french society. brian quinn reports. >> from a simple set at his campaign headquarters, emmanuel macron greeted his victory with a solemn acknowledgment of the hard road ahead. >> my responsibility will be to gather together all women and

men to face the gigantic challenges facing us. -- a notableto departure from the triumphant tone that marked his victory in the voting weeks ago. a celebration that some criticized as being premature. at a victory rally in front of happiness museum, the of his supporters could not be hidden. taking the strange to the -- the stage to the strings of beethoven's ode to joy, emmanuel macron allowed himself to publicly enjoy the moment. , forank you for being here fighting with courage and kindness. months.of these

tonight, this is a win for you. this is a win for france. triumph, he recognized the division that led voters to support the far right national front. >> today, they have expressed their anger, their dismay, and for some their convictions. i respect them, but i will do everything i can hear to make sure there is no more reason to vote for extremes anymore. >> healing those divisions will be one of the biggest challenges facing macron as he prepares to begin his five-year term. desking to turn out to my -- guest. thank you very much for coming in. so, the pollsters predicted

macron would come out on top. why the wide -- it was a wider margin and was expected. what do you put his victory down to? then many ways, it was failure of the conservative candidate to get out of the scandals around him. at one point, he was the clear favorite. road ton absolute royal power, but he stumbled and macron profited from it. also with macron, it is clear that he captures a spirit and a desire for change. i know a lot of his adversaries said he is not actually. heever, he clearly -- represents as you have been covering all morning a new kind of opportunity for france.

optimistic, and in contrast to the last five years , and theand misery millions of people who voted for marine le pen are clearly expressions of a very difficult part of french society, people who feel left the hind. in many ways, you can say those people have been left the hind. >> he did mention then in his speech last night. he told his supporters not to boo them. that he would give them reasons to be attractive. get --, he did say he he would get rid of extremes in five years time. >> he has come in as a kind of favorite, part of the

elite, and so on. mend, his task is to france. to do something about the disenfranchised. he has to take some measures immediately, and then he has to spend the next five years actually talking to france. he has to have a kind of pedagogical role. ofis going to need a lot fireside chats. if he can demonstrate his renewal that he wants for political, social, and economic life, if you can show that he does not want to leave people behind it will be a success.

the question is will he have the capacity to do that? it is going to be difficult. unemployment is high in france, and it does not fall quickly. that will be a real priority. getting unemployment to fall or creating conditions for unemployment to fall, but making sure that he keeps on talking to the french as this develops. that a awful lot of this is about how you talk and appear. francois hollande did not know how to talk or communicate. it is in part that. it has been such a disappointing five years under francois hollande, and that is also a victory.or macron's

we saw what happened to the official socialist candidate. there was an absolute collapse in his vote. nothing like that have been seen since 1969. the question will be what happens to the socialist party. one should never predict, but i am about to do so. i think the socialist party is going to split. that is not really macron's problem. his problem lies to the right. how does he deal with the right. >> we are going to bring in ofes from the headquarters the movement that macron set up a year ago. is resigning today as the leader of the movement? >> that is right. it is now going to become a

political party. it was a movement set up in april of 2016 as a vehicle for -- toel macron to run for make a presidential bid, and now it is going to go through the process of converting into becoming a fully fledged political party. and see how to wait it fares at the parliamentary elections coming up in early jim. hoping to field 577 candidates across the country. some of them will be completely new faces, in fact 50% will be new faces. the other 50% will be drawn from existing political parties. there is a real chance that the establishment parties, and perhaps to a lesser extent is mullah party, could split. it is a non-predictable elementary -- parliamentary election that will change the

landscape of french politics. be a talloing to order putting together a majority so that emmanuel macron and his party can get things done. >> i think so. first up, there will be the swearing-in sunday. in the week that precedes that, we are likely to hear a certain amount of details about who could be in his it that cabinet inl not be -- who could be his cabinet. that cabinet will not yet be announced officially, but we could get a sneak peek at who will be in it over the next couple of days. so, he has to go through that process of setting up his cabinet and reaching out to political figures on the left and right. that will take place over the next couple of days. there will also be the formality of standing down as the head of

the movement to make way for some adults to take over ahead of the parliamentary elections. that is the big picture today, claire. there was a huge media scrum following emmanuel macron when he arrived earlier. there is a huge security presence appeared today. the feelingives you that someone very important has turned up. next someone important indeed -- >> someone important indeed. james, thank you so much. and john in the studio is our international foreign affairs commentator. hello, doug. emmanuel macron is going to be sworn in on sunday. he has come a very long way, and he has become somewhat rather important in a very short time. >> that does bear reminding.

you almost have to take a step back and do a reality check on all of this. it has happened in such a short, concentrated time. it is easy now the day after that it was all meant to be, but we have to keep saying that a little over a year ago -- last april -- this movement from which he is about to resign from had formed. it did not exist before april of 2016. feelingalmost get the that emmanuel macron did not exist before april of 2016. he was the economy mr. for two years,- minister for two mostly faded into the background. of prominent kind

role in the cabinet administration, but very few french -- he did not really have household name recognition among the masses of france. i suspect many people who voted -- it is justday that. it is the remarkable fact the you have to remind yourself what he did in such a short time. you talk about cobbling together that government coalition, it is easy to scoff at his chances by saying he has a difficult task ahead. it is true, but the task he has already done -- what he has already accomplished was very difficult. a year ago, people would have thought it was impossible. who knows what he is going to do now between today and june. >> his problem divided over macron's victory.

the leader of the parliamentary campaign has said that if he joins the cabinet -- that if you are for emmanuel macron then you are not for us. he is quite clear on that. that you cannot be for emanuel macron and the republican. does create some concern for the republican party. i'm sure there will be some part of it interested in working with emmanuel macron. there is some pressure on republicans. they are the ones that matter at the moment. the socialists do not exist anywhere at the moment. the kind of exist in pieces. as far as the republicans are concerned, it depends partly on pits -- seats on mosh

how many seats microns former movement -- seats macron's former movement gets. interesting but as douglas said, this is interesting now in terms of how macron choreographs everything between now in the parliamentary elections. -- and the parliamentary elections. >> the choreography is crucial here. it is not really rocket science. i think there are three block propositions here. one, he is able to cobble together a working majority. working hollande had a majority, but his own party was so divided that it was an in operational working majority. majorityds a working

to work with him on his reforms to push through a very ambitious reform agenda. or, the coalition -- the idea of this coalition. france is not typically good with coalitions as in the sense of germany. in germany, we talk about grand coalitions, parties on opposite ends of theosite political spectrum coming together. pollsf the recent french -- they have been pretty good. they have gotten it right. let's give credit to where credit is due. the pollsters got the first round within 0.5% correct. they got pretty much the second round correct give or take a few points. the pollsters are saying right projecting that if you look at the top and of their estimates, then the movement could get up to 280

seats. that is not enough to have a governing majority. if you were to look at the polls and take the conservative estimate there, then he would need a coalition. the final choice, which perhaps no one wants in fact i do not think anyone wants this, is what we have had three times before which is a cohabitation government. you have a president from one party, a prime minister from another, and they somehow have to work together. >> it is kind of novel. we are in new territory here in terms of how we as observers analyze french politics. one of the possibilities is shifting coalitions on various issues.

if he gets a good enough number geteats, he can therefore through some legislation with support from the left and some support from the right. if you can do that, it will be an incredible achievement. it is possible. coming back to this point of choreographing, before he even starts choreographing that bit, he has to get there. it matters enormously who he names as prime minister. not exactly who they are, but more the signals that that sends out. tightrope over the past year. ofn now, he has the problem -- the government he forms next week needs to be imagined as the government that forms after the election.

and that is an unknown. >> i would like to talk about the polls. you mentioned before the polls being spot on in this case. of course, that was not the case with brexit and the u.s. there has been a parallel drawn between these three different situations. do think that is a mistake? they are not so much similar situations? >> what unites them is about the most interesting thing about them. ae justified dissolution of white, working-class that feels let down. that is not very interesting as a human thing, but as a political thing what happened yesterday in france and -- the fact that marine le pen in which , itcampaigned and lost tells us something not only

about european populism, but it tells us something about france. it tells us about the extreme right philosophy and france which is perhaps even more worrying. unlike in the u.k., the far right is a bunch of football hooligans. in france, it has a long, cultural, philosophical tradition. she is in part a product of that. she is surrounded by this. it is a french thing. the personalization of everything. marine le pen as the figurehead is about the fifth republic. performance inus the debate with the cron. a bad performance is about the

fifth republic. populist analysis is very up to a certain point, but if you really want to understand this phenomena, it is important to understand the fifth republic. marine le pen. 10.5 million votes which is more than twice the number her father received in 2002. she did concede defeat immediately, but she did say that she is not ahead of france's biggest opposition force. >> marine le pen not win the she still had her held high after an unprecedented result for the far right. the party has transformed

landscapeolitical beyond the left and right cleavage. politicals led to a revolution. this is a grave choice in which people will be faced with the legislative elections. >> although defeated on sunday, the national front obtained more than 10 million votes over the two rounds. that is more than the previous record set by her father who led the party to the second round in 2002. national front supporters feel the centrist parties that have dominated french politics have ignored working-class concerns. marine le pen vowed to leave the european union and radically cut immigration. in the approach to sunday's vote, the conservatives that

were defeated called on voters to support macron to block the national -- the far right front. >> it is a score that i think is still remarkable. long aligned as a radical party with members who often have extremist views, she has made the party appear more presentable. the party is already presenting for the legislative election which begins in six weeks. >> the outcome of the french election has been followed closely by the business world. >> we saw immediately after the results of this election, a rise in trading to the highest level against the dollar in six months. trading for just

over $1.09. thes up around 3% against dollar. on the stock market, we have a similar picture. we start the day with small gains. the markets have priced in the victory of emmanuel macron. we did see a huge rally on the markets we had the first round elections. the markets were not surprised by the results we got from round two. market holding on to gains today but no other excitement around. let's go to our senior analyst from the london national group. the figures are not to encouraging on the market today. our investors discouraged or relieved? >> i think it is more the relief factor here. this was expected. the markets got what they

expected, and so there is no real need to react either way on what was expected. profity just a degree of taking of what had largely been priced in over the past couple of weeks. i do not think

man: today, i'm going to talk about dominant economic, social, cultural, political system: consumer capitalism. at the heart of ththe success of this model lie two linked ideas. the first is an image of "the good life" based upon the accumulation of consumer goods, and the second is the idea of perpetual and infinite economic growth. what i want to argue today is that both those ideas