we are always seeking new approaches to interaction between the economic union and china.sion of our corporation and of lamenting big projects. we are also trying to stress this among all financial institutions stressing the partnership with asian and pacific countries. it is very important to develop the far-reaching russia. we are trying to create favorable business conditions for capital movement and for industry movement. investors will get a new chance to work in the russian markets. at the moment, at the far east of russia there is fast the moment with a whole range of tax benefits and the benefits are launching state support and projects. at the same time, they can be more flexible and more sophisticated mechanisms of support. our government has argued prepared on building a freeport of vladivostok. this bill is going to cover all the key points of the region. in 13 areas. the residents of the port area will get wide benefits that will not be limited to only tax benefits. regulations will be used on them and they will get a cost free zone. in september of this year,

saudi arabia is the biggest economy in the gcc, a political and economic union comprising itself, qatary rain. -- and bahrain. the saudi economy is the fastest-growing and it could join the msci emerging markets index by 2017. before you get carried away, only institutional investors with at least $5 billion under management are allowed to invest directly, and even then, each can't hold more than 10% of the overall market value. once more, you can't hold more than 5% of any company and together, foreign investors can't own a majority. investors can try their luck trading in the desert kingdom. angie: you can get more on that story on bloomberg.com. it is your online source for business and market news. coming up next, multibillion-dollar deals. we will take a look at why orders for boeing and airbus may be set to take off in paris. ♪ kong: it is 8:30 in hong and a lot of look across victoria harbour. -- live look across victoria harbour. it is the first trading day of the week. you're watching "first up." ♪ angie: the top stories is our normal the euro has fallen -- this hour, the euro

, i mentioned the need to undertake concerted effort and to bring together the efforts of the economic unionnd the focus of the silk road. we're establishing relations in this area as well. china is our largest trade and economic partner. and our relations are very efficient. [applause] charlie: some say is a natural relationship because china has cash and russia has natural resources. there is a natural affinity there. president putin: that is true of the americans. i am sure you know about that. the american analytical scientists and experts talk about the united states turning towards china. china is a growing economy. if anyone is concerned with the declining growth rate, china has the highest growth in the world. it is not only russia. the whole world is turning towards asia. europe is interested as well and we are destined to do that because we are neighbors. it is a natural movement and development. there are many values which are common for us. it gives us equal access to addressing international issues. [applause] charlie: is it a more natural affinity than europe and united states?

the economic union and a new entity of the regional integration is potentially a very good example of such trends. this is an association that can produce new economic growth and provide for welfare of the country. anyway, the changes in themselves will not be around a more stable world. due to the old challenges like unemployment marginalization and our society, and crisis still exist as well as collapse of african regions. at the moment, we have to take into account that the economic development centers are moving. they are shifting. we have to address all the challenges they are facing keeping that in mind. and is also relevant to the process of economic development. it is going to speed up. our company be -- will be a growing economy. that happened just before the crisis of 2008. as for europe and the western world, let me explain what's at stake at the moment. it is essential to carefully address the challenges that we are facing at the moment. we have to build the bridges for cooperating with other countries of the world. we don't have this to the old standards in building new w

economic union. we are establishing real estate alations in this as well. china is our largest trade and economic partners and our relations are very efficient. >> rose: some say it's a natural relationship because china has cash and russia has natural resources, so there's a natural affinity right there. >> ( translated ): well, i am sure you know about that. you are just pretending you are not familiar with it. the political experts speak about the united states turning towards china. china is a growing economy. if anyone is... with the declining growth rateses, chine at 10% growth, the highest in the world. it's not only russia. the whole world is turning towards asia. europe is interested in it as well, and we are destined to do that because we are neighbors. it is a natural movement and development. besides, there are many values which are common for us, equal access to addressing international issues. ( applause ) >> rose: is it a more natural affinity than europe and the united states? is china more in the future a place that russia feels more comfort

the political union is you couldn't have political union without financial economic union. a lot of people backed into supporting the european exchange mechanism because of. that it was the one that people that believed in political union were always much sketchier about the financial side and it's proven a lot of people's worst fear versus repeatedly withdrew over time. >> so catty would most brits right now think that maybe market thatcher was right when she was such a euro skeptic? she certainly got pounded at the time for it. >> i would say most brits will say they are glad tray not in the euro. we will find out when we have the referendum as promised. >> the brits will never have the euro, right? >> we'll never have the euro. . how many countries will have if you're are if greek exits and we see the erosion of the you're. >> reporter: you know i think it has been a blasse sense. people from athens ohio are fine, it's far away. what happened to the markets yesterday? worst day on the u.s. stockmarket in two years because of greece. this stuff has ripple effects. >> for t

gideon: would not be that big a deal economically but politically. the european uniont out on faith. you take a step forward, we're not sure where it ends. we know we are going for. if you start going backward, that's a huge thing. tom: gideon rose from "foreign affairs" magazine. much to talk about here. to summarize, a move in markets early this morning. we had given back a little bit in the last 20 minutes. our twitter questions of the day, has mr. tsipras caved? this is bloomberg "surveillance." ♪ tom: good morning. bloomberg "surveillance." we welcome you worldwide. without question, the morning must read, summers over the weekend. an analyst from citigroup in the "financial times," a scathing indictment of eu leaders, much like we saw a number of days ago. eurozone taxpayers would end up holding the heavy -- via the esm a number of greek bonds that will never be repaid. time to stop the insanity. read buiter in the "financial times." a superb essay on restructuring. brendan: this has been clear for five years. this debt load is unsustainable. what does europe ext

a political and economic union comprised of itself, kuwait, amber rain. only the biggest, it is also the fastest growing. the saudi economy has grown 60% so far this year. if all goes to plan, it could join the msci emerging market ,ndex as soon as 2017 accounting for 4% of the total. for you get carried away, only institutional investors with at least $5 billion under management are allowed to invest directly and even then, each cannot hold more than 10% of the overall market value. what's more, you cannot hold more than 5% of any company, and together foreign investment cannot hold the majority. they are eager to diversify from black gold. investors can try their luck trading in the desert kingdom. checking in on some of the other stories we're following. ledrecord exit is of u.s. chinese companies moving back to china is fueling speculation about who will be next. analysts are betting on everything from real estate, to cosmetic retailer. chinese firms have been heading home to rally their local stock market. overseas listings are less appealing. the bu

kelimbetov: from the beginning when we established the economic union, the first was a pragmatic economice idea was say in the future to kind of create three -- free trade zone with e.u. from lisbon to bloody rostock -- vladivostock. brendan: you believe it is just in the european union. tom: what is your mandate? is it janet yellen of kazak hkstan? what is your mandate to from any other emerging market? kelimbetov: you mean, central-bank? tom: central-bank. kelimbetov: we are moving to inflation targets but we have also -- we have fsa functions. we have a very strong central bank. we are responsible for developing a financial center. tom: is your targeting going to be like new zealand? kelimbetov y: yes. we have a commitment that we would like to bring english common law and english language. among all c.i.s. countries who started the structural reforms. tom: it is amazing how nouri' -- norway's central bank has immense clarity as a benchmark. brendan: looking at the 10-year now what is the more significant factor for you movement in the ruble or the future of janet yellen's fed policy?

the political and ethanol get -- economic union with kuwait and bahrain, not only the biggest it is also fastest growing. the economy has grown a 16% so far this year, so if all goes to plan, it could join the emerging market index as soon as 2017 accounting for 4% of the total, but before you get carried away only institutional investors with at least $5 billion under management are allowed to invest directly and even then, each cannot hold more than 10% of the overall market value. what is more calm you cannot hold more than 5% of any company, and together, foreign investors cannot own a majority but with a rolled largest oil producer eager to diverse, they can try their luck trading in the kingdom. anna: now, later, mark barton will be joining us live from dubai for a special edition of bloomberg agenda, focusing in on the middle east and the opening of the saudi stock market. that will be at 11:00 london time. 2:00 if you are watching in dubai. and coming up later on the pulse, we will be speaking to the ceo of the saudi stock exchange. don't miss that interview. that will be at 10:1

. >> i'm saying you see that at te level of our economic union to say that federation of states.> one strength of our federal system is that we -- >> we print money. >> you can't at the state level here and there are you see success stories which people are free to emulate and sometimes do. >> all right very good thank you very much. the government he's one of the few republicans not running for president so tried to keep track of them for the time being. art -- coming up, you heard about this and on our very show talked about this. saying that irs now is reduced itself up to bunch of liars. irs commissioner, who is running for president of the united states on that, after this. >> deduplicateing them what does that mean? >> it means they're lying. neil they're just lying. >> deduplicateing them. what does that mean? >> that means they're lying. neil, they're just lying, here's their delay here, they make it a practice to send us endless duplicates they want to give us the maximum number of pages in order to brag about how much they've given us. >> a lot of those pages are blank.

the president will try to extend the european union economic sanctions that will expire at the end of july. this summit is also allowing world leaders to talk about isis. now england announced it is sending 125 additional military training troops to help the iraqi army combat that threat. now, vladimir putin from russia on this russian issue has said -- denied any involvement in the uprising that's happening in ukraine. he also says to an italian newspaper that quote, you would have to be an idiot to assume that i would attack nato. so he is on the offensive talking about how upset he is. he was removed from these summit talks last year after russia annexed part of the ukraine. reporting live in washington edward lawrence. now back to you. >> thank you. >>> this morning a multimillion dollar crystal city housing facility designed to house immigrants is not being used. thousands were supposed to live and work in that building as part of president obama's immigration plan. the executive order kept millions of immigrants from being deported but this program has stalled after 26 states su

he was forced to make a choice -- would ukraine have to come within russia's economic union or could e joined the european union trade agreement? he was under enormous pressure by the kremlin and decided that he would turn his country toward russia. ukrainian people were not supportive of that and they had a popular uprising. the president fled, a new government was collected and a new parliament has been elected. it is very difficult to execute reforms. basically to change the entire system economically, judicially, legislatively while you are prosecuting a war. but i will to you for those of us that worked with the ukrainian government for the last 20 years, this is the last chance. ukrainian leaders have to take the most difficult decisions which is stopping corruption to change its system. it is fine to say, i want to go toward the west. they have to understand that and that means changing their ways of doing business literally and figuratively. the reforms will be incredibly painful. ukraine is financially on the brink of collapse. its foreign currency reserves are extremely low.

the african union commission chairperson was almost at a loss for words trying to describe just how bad the situation is in south sudan. they said that people there have been suffering economic hardships and warring factions were ultimately killing the people they were trying to governor. she said that the africa union is very disappointed, and that the governmental authority on development hadn't done very

the president will try to extend european union economic sanctions that will expire at the end of july against russia. the summit is allowing world leaders to talk about isis. england announced it's sending military trainers to help the iraqi army combat the threat there. but the real issue for the president and all of the leaders here they'll be discussing russia and that's going to be on the event for today tomorrow and also in the summit that's happening in 2016 to update what's going on. reporting live in washington, edward lawrence. back to you, eun. >> thank you. >>> 5:33 is our time right now. this morning a multimillion dollar crystal city housing facility designed to house immigrants is not being used. thousands of immigrants were supposed to live and work in the building as part of president obama's immigration plan. it kept millions from being deported but this program has stalled after 26 states sued the administration. >>> former speaker of the house dennis hastert will be in federal court tomorrow. he is facing accusations that he lied to the fbi. before his political car

economic power. during the cold war it was believed that the soviet union was relatively equal to the united states in terms of economic power. that is not the case today. we have seen this consistently during the last 6-12 months. it doesn't have the economic power that can compete with the united states. >>> the country was called a gas station with a nuclear arsenal. how important when an american policy maker looks at a map of thinking? >> when i hear statements like that i wish there were more people that knew more about russia and were able to talk about the country in a little nuanced way, if you will. in a sense what russia is doing is not trying to go to a new cold war, but trying to reject the post cold war world. that is different. '90s. >> no, it's a reaction to the institutions the u.s. created in the post world war ii era, where we were dominance sh - the world bank, the i.m.f., institutions around the world. and the russians are saying "wait a minute, it's not how we want to live", that's how we deal with the bricks, the countries. what's when we speak of russia in a narrow way is we mi

on one side from the european union to enforce tough economic reforms, and on the other from the greek population not to cede on campaign promises to and austerity. thousands took to the streets to urge them to stand his ground. >> we should not make a single concession. we want them to negotiate on the terms they promised. we don't want them to back down. that is what we are here and will be here tomorrow and the day after. >> it would be his political funeral and he knows that. >> after years of austerity the party was voted to power in january on the back of its radical campaign promises. in particular, to renegotiate greek debt, to protect pensions, and cease public cuts. >> we have a plan and pledged reviews guardianship wherever it comes from and negotiate in the sole interest of our people. >> so far, they have not seated to e.u. demands. but greece is running out of cash. after months of filing, it has come to the crunch with just days left to pay off the loan to the i.m.f. or risk crashing out of the euro. it is a tough balance in the negotiations. >> the greek prime minister

he can give a speech saying he's going to bring economic growth back to our country when his own country ranks 44th in the unionn economic group. when he talks about his electability and he runs lowest out of all the candidates. if i were him, i would avoid using the word anger, because it doesn't hit how he's going to run our country with his diatribes he's engaged in. if you don't have credibility, if you don't have a candidacy, i don't see how he moves beyond new hampshire just because of the state of the republican party today. when he talked about telling it like it is he might want to begin by taking on donald trump for his racist behavior his racist rhetoric or taking on other republicans for engaging in lgbt dog gery. >> i think it plays in places like michigan i think it plays in places like iowa -- >> he's not going to iowa. he's going to new hampshire. >> it's not just new hampshire where this will play. i think it actually goes beyond new hampshire. the problem for him, though it's a very crowded field. there have been people in it with a lot more money. he also has a track record that his opponents

. >> european union has agreed to extend economic sanctions against russia by another six months. it will be in place last july. it then imposed it's own trade sanctions. >> well, russia has been accused of saber rattling of modernizing it's military. it has not been shy showing off it's hardware. rory challands. >> looking for bargains, an arms fair is like any other market, just with more uniforms. military men have brought their shopping lists to iraq's army therussia's army. >> here you will be able to see reinactments of famous battles get the history of the aviation, navy and army, take part in competitions and extreme sports. i'm certain that it will become a major component in repatriation for the younger generation. >> instilling young russians an impulse to laugh and fight for the mother lapped does not come treat. $263million. but with the militaristic feeling on the ice in russia and tensions with the west seemingly day by day it is money they're willing to spend. some may feel uneasy with russia trying to make a fun family day out with raw destructive power tanks, mis

union. i know very many people from the eu. and we should not forget what was said from the paper in the university of london, positive economic impacts from the european union. this is from 2014. everyone should read that. what i will say, we are undercutting the minimum wage and other employment conditions, that has -- obviously will must make her that the laws are enforced and there is no undercutting. that is the fault of employers not european citizens. we need to focus in the next few weeks on the big picture, the benefits of being a member of the eu and not be obsessed with the changes which possibly not the major. the economic arguments are clear, a large half of the exports are to the eu. it largest single market in the world. there will be implications for jobs. we do not always agree with economic policy in europe, but we should work to focus with jobs and growth and i'm sure we agree with that. and labour, the line taken by jamie mcgregor, we were forced to sign in 1977 and we extended the lead, maternity leave, working holiday pay, same rights for part-time and full-time workers, etc. there have been basic rules an

to conclude free trade deals such as the transpacific partnership and an economic partnership between japan and the european union. and they call for setting ambitious targets to reduce greenhouse gas emissions. prime minister abe held a news conference to discuss the outcome of the g-7 summit. >> translator: japan experienced a massive natural disaster and nuclear power plant accident in 2011. in this very tough energy situation, we have proposed an ambitious reduction target for greenhouse gas emissions. however, in order to deal with climate change on a global change on a global level, it's essential we create a new frame work in which all the countries can participate. at the this g 7 summit meeting, i have confirmed with other world leaders that we will take even more robust measures against climate change. >> he said the g 7 leaders will lead global efforts to tackle terrorism, infectious diseases cybercrime and other challenges as well as protect the rights of women. the countries share the basic human rights and rule of law. he says that's why g-7 countries are united to achieve stability in ukraine. >> >

what they thought is if you put in place economic and monetary union the political union was follow aslows day. it simply hanltsn't happened. you can argue that economically and politically actually the eu has diverged and now these economic differences but the political differences have gotten bigger. from my own perspective i look at a country like greece whose gdp declined by 30% over the course of the last six years. even the great depression in america, buddy can you spare us a dime was only 16%. >> do you think greece leaves? >> i pray for the greek people that greece leaves. >> do you think the leaders are handling this badly? >> i think the leaders are trying to bully greece saying do as we say or we'll eject you from the euro and wouldn't that be awful? and i think the greek people are saying actually that might not be so bad. >> greece is being bullied by the other european leaders. guys back to you. >> all right julia. thank you for that. meantime, you've got the prime minister arriving at the talks in brussels. still to come on the show meantime, it's the latest european fi

various countries joined in the first place and the difference between the eu itself and the economic and monetary union members of the euro. let's take a listen for what he said about why the u.k. joined in the first place. >> britain joined for overwhelmingly economic reasons. so put behind us our industrial decline and open up our economy. it's why for us the common market and now the single market has always been the benefit of membership. we have raised above all others. now it is economic challenges that are causing our country to consider the merits of that membership. >> his arguments were very clear for why he felt britain deserved renegotiation. he said we joined for economic reasons. to join the single market. to have free trade where as the likes of france and germany joined for political reasons, post of course the second world war and someone like spain joined he said to move on from internal revolution and with that came the difference between the 19 members of the single currency and overall 28 members of the european union saying that at the moment the eu as a whole is being run for the

union workers are threatening to strike tomorrow. unless a deal is reached tonight. good evening, i'm pam moore. those workers are protesting unfair labor practices. economic inequality. and public safety among other issues. kron 4's jeff bush is live at union headquarters with the latest. jeff? >> jeff :there is still time to make a deer--deal but not much but otherwise more than 9000 workers are not going to be a work tomorrow freshly made signs with the word strike have been conspicously placed outside the seiu local 521 headquarters. members authorized the strike action and the negotiations are coming down to the wirewho will blink first is anybody's guess. county officials say they are working hardunion officials say they are working hardand all that hard work is going on with a ticking clock counting down to six a.m. if the strike goes forward on tuesday morning thousands of workers will not be at their postand, that will likely affect anyone who needs to do business with any county agency. court workers, administrators with the county offices, health care workers, social services and the jailsto put it simply, a lot of people will notice if those wo

union. weave had one of the worst economic periods in american history. sluggish growth. very little new business creation. suffer indicating regulations, and now they want to do more of the same. the 1990s clinton raised taxes, hurt the economy, and then the republicans got in and got tax cuts in spending restraint, and we had great prosperity. i don't know why these people can't learn from history. it goes with the beyond away what she or president obama promised in 2008. >> well one other good thing since i'm in chicago is -- if she does something similar to what her husband did in the 1990s, raising the gas tax or lifting medicare taxes, it wasn't necessarily a horrible thing in 1993. >> no, it wasn't but president clinton back in the 1990s actually lowered the capital gains tax. that's one of the reasons -- that's created a tremendous stock market. that's one of the reasons the economy really took off. >> it did take off. you're right, david. by the way, the president's tax incentives will be ask not what you can do for your country but what your country can do for y

issues and deeper cooperation within regions and across regions and working with the african union and regular economic to look at how to create decent work opportunities so that migration can become a choice rather than a necessity and a deeper investment in these issues is really what is called for. >> the problem is though michelle, as obviously you know a lot of eu countries see asylum seekers and refugees and displaced people as a financial burden and are a political issue because people in the countries are worried about perception of being overrun by migrants, how do you change that perception and how do you make it more about a humanitarian moral obligation than worrying about the economic impact? >> well i think these issues are very complex and certainly the public we've seen is influenced by some very extreme views and perhaps not all the facts. maybe misperceptions instead of real perceptions and have to do a better job to change this. i think involving workers and employers organization as the eu called for in its platform along with labor ministries to look at the evidence for real labor

should not forget what was said from the paper in the university of london positive economic impacts from the european unionveryone should read that. what i will say, we are undercutting the minimum wage and other employment conditions, that has -- obviously will must make her that the laws are enforced and there is no undercutting. that applies to you citizens. we need to focus in the next few weeks on the big picture, the benefits of being a member of the eu and not be obsessed with the changes which possibly not the major. the economic arguments are clear , a large half of the exports are to the eu. it largest single market in the world. there will be implications for jobs. we do not always agree -- agree with economic policy in europe, but we should work to focus with jobs and growth and i'm sure we agree with that. and labor taken by jamie mcgregor, we were forced to sign in 1977 and we extended the lead, maternity leave, working holiday pay, same rights for part-time and full-time workers, etc.. there have been basic rules and policies for climate change. for cases involving faxed products, structural

. >> transla european union should go back to its initial principl of solidarity justice and social justice issuing economic measures will lead us nowhere. the so-called problem of greece is not just greece problem, it is the problem of the whole european union. >> apart from those comments about the eu working togeth was short on criticism and said little that might jeopardize deal for the greeks. president putin said little also but might be perceived as rattling and a response to the current escalation of sanctions. th is jeff cutmore for "nightly b wall street the dow posting a triple digit loss amid concerns about greece. the dow jones average fell almost 1 close at 18,015 and s&p 500 shed 11. all three averages were higher with the s&p nas anddaq tu a rate hike will likely happen but tops see to see stronger signs. the first official to speak publicly this week says he's in wait and see mode. >> with the economy reaching full strength we should start seeing signs underlying inflatn trends are coming back up. so far, that's just a forecast it's not a reality. in that regard the recent inflation reading

. >> european union has agreed to extend economic sanctions against russia by another six months. they took place in july in response to its alleged backing of separatist fighters in eastern ukraine. russian then created it's own sanctions on european nation. >>> holding it's biggest ever military exercises in the bat tick sea with hundreds of soldiers from 17 different countries taking part. this as a military theme park is unveiled in moscow to show off russia's military hardware. we report from both sides of the divide. we'll hear from rory challands in moscow, but first to laurence lee inside of poland. >> this is what the militarization of the bat tick looks like. marines from several countries heading ashore having to liberate the country from the grip of the enemy. it's a drill in the worst-case scenario a rehearsal and there are no prizes for guessing who the supposed enemy is. russia had to understand how serious nato is in defense of the baltic states. >> my commander in chief made it clear here last year that we'll defend every inch of nato territory. >> do you think it

local transportation authorities the gaming and hotel industry the chamber of commerce, labor unions, economic development organizations, all in agreement that southern nevada should have passenger rail service as part of our long-term economic viability plan. this type of development is a regional and should be a national priority. a lot of attention has been paid to the northeast corridor where travelers frequent amtrak service along the east coast. we should not forget that the railroad built the west and still today remains a critical piece of our transportation network. china is investing $128 million in rail in 2015 alone. india, $137 billion over the next five years and yet we are investing $1.1 billion. mr. chairman, since this amendment really has no monetary impact i would ask that you accept this and it's my hope that we recognize this mode of transportation that is so tied to our nation's history and we can continue to work together to see that it gets the attention and support that it deserves. and i reserve the balance of my time. the chair: the gentlelady reserves. any member se

economic justification, so they're sustainable. like i said before, if the government could increase just wages, the soviet union would today be the world's dominant economic power. neil: i read something of a little more cynical than you on this, obviously, when you raise a minimum wage or a worker getting $7.25 an hour, is getting $10, if you go to l.a., maybe $15 an hour, workers earn about that or less than that say what are you going to do for me? and that cycle sets in. might be a good, fine thing in a walmart case, maybe more than able to handle it. other establishments not so much, right? >> it's true, i think this increase is coming about number one because of the drop in oil prices, which is generated real growth in retail sectors particularly companies that have something people want to buy because people have more money. as you increase that, demand wages go up, and you're right people above the minimum go up as well. i don't think this is as yet a sign that minimum wage increases at the state and local levels have much of an wi been genuine increase in retail activity and it's hitting the wage market. neil: all right,

alix: if something does happen with greece, the european union will be forced to cement itself with closer economic ties. joe: the one thing that americans often do not understand about europe is the political -- project. multi-decade the eurozone is one aspect of something they have been working on since world war ii. they are not about to just start shrinking what they built, even as tough as it gets. i want to turn attention to some american stocks today. bring it back home. we got some interesting weakness from some highfliers. netflix was down. there was a downgrade of netflix and amazon. citi came out negative, downgrading netflix one day after carl icahn was negative. we are uncomfortable with the valuation, but it still might go up. it is very, like, slow down a little bit. out isnthony, what stood what happens when you have these momentum players take a break. they have been leading stocks higher. what happens? y on whatwe did a stud happens when you get to an all-time high, when the markets slowly making those new highs. the result for most of us are pretty good. the odds of making anothe

union. betty: eu leaders will hold an emergenc emergency meeting. they may have to default if there is no new deal. vladimir putin says his country is weathering the economic crisis better than some expected, especially with the challenges from swapping oil prices. insident putin appeared saint petersburg earlier today. end ofnt putin: at the last year, many people predicted deep crisis in russia. this has not happened. we have managed to stabilize the situation. line across the negative situation fluctuations and we are successful in going through the difficulties because the russian economy has accumulated the inner strength quite well. president putin also says his government has maintained control over inflation and has

economic migration from within the eu. the government has already taken steps in reducing things that draw migrants from the european union. can you tell me what steps have been taking to talk about economic migration from outside the eu? david cameron: can i welcome the honorable lady to her place. her election result was what i dreamed of. i am grateful. she is right to raise this issue. in the past, it has been too easy for some businesses to bring in workers from overseas rather than taking the long-term decision to train our work force at home. we need to change that. that means reducing the demand migrant labor, part of our plan. i can tell the house that the home secretary has written to the migration advisory committee , asking them to report on how to significantly reduce work-related migration from outside europe. they will advise on restricting work visas to genuine skilled specialist. they will put a time limit on how long a sector can claim to have a shortage. we will look at a new skills levy on businesses who recruit foreign workers so we can boost the funding for apprenticeships and we will look at raising

breaking news a few minutes ago on russia and economic sanctions. the european unioneed to extend the sanctions six months all the way to mid-january. a final decision will be coming next week. all of this according to eat you officials and important to note that eat you and u.s. put sanctions on russians -- put sanctions on russia for rebel strains. the treatment for double chins -- pharmaceuticals will be bought for $2.1 billion and it makes the only nonsurgical treatment for a double chin and also has an extra mental product for baldness. stephanie: i know another treatment -- eat less, exercise more. erik: meantime, pricing at ipo today, a place to get fitness. strong demand has led this maker of wearable fitness wristbands and offering at the high end of the range $19 a share and valued at about the $.9 billion. the company is profitable and got $100 million in net income last year. simon cowell searching for talent once again. the outspoken judge from "american idol" is looking for young on to bring yours and has joined forces it to create the f-facotor. they wi

. >> european union has agreed to extend the economic sanctions against russia by another six months.his will' about in plus last thismonths. >> flay toe is completing it's biggest ever military exercise. hundreds of soldiers from 17 countries took part in a mock counterattack on enemy forces. it's intended as a demonstration of nato's capability and a warning to russia. we have reports from northern poland inside the baltic sea. marines coming to help the area from the grip of the enemy. russia had to understand just how serious nato is in the defense of the baltic states. >> we'll defend every inch of the territory. >> if vladimir putin says it's insane. >> we have no idea that mr. putin is going to do, and anyone who could guess won't give you anyly insight. >> they've given nato permission permission. and staff from the u.s. u.k. finland and sweden, and they're not even nato members. from the bridge they could look out to sea the contributions from several other countries. the russian fleet is out there well, but they're not on speaking terms with each other. >> i think the russia

in each case we have a currency union without economic growth and non-competitive economy with lots of structural impediments in that economy to growth large fiscal deficits and the structural issues in the public sector finance this. basically in a currency as i once heard george asked why might england would never join the hero by fiscal policy and monetary policy sedin frankford and is politically unacceptable. we have situations where economies confront an internal evaluation which basically means unemployment wage depression and so forth. they have to confront the situation. dimension has also been made by adjustment by immigration which seems to be happening in both cases. i think the previous speakers have talked about the dimensions of the problem so i won't really care either. that is my comparative advantage. when the debt to gdp ratios get to the size they are something is not right. mention has been made of the composition of the dead and the composition of the dead has indicated a very key question going forward. why is this the case? we see a situation where we do not hav

. : the european union should go back to its initial principles of solidarity, justice, and social justice. ensuring strict economiceasures will lead us nowhere. greececalled problem of is not just a greece problem, it is a problem of the whole european union. betty: eu leaders will hold an emergenc emergency meeting. they may have to default if there is no new deal. vladimir putin says his country is weathering the economic crisis better than some expected, especially with the challenges from swapping oil prices. insident putin appeared saint petersburg earlier today. end ofnt putin: at the last year, many people predicted deep crisis in russia. this has not happened. we have managed to stabilize the situation. line across the negative situation fluctuations and we are successful in going through the difficulties because the russian economy has accumulated the inner strength quite well. president putin also says his government has maintained control over inflation and has what he called a sustainable budget, while the economy has shown resilience with unemployment low at 5.8%. the suspect in wednesday night's fata

i think the russians went through a tough economic time when they were the soviet union.re willing to do that. my sense is that there's nobody going to roll over. billionaires or thousandaires when he came in won't say sanctions are killing me. i still got 20 million in my house. >> the european union set up this emergency meeting tomorrow to talk about greece paying this debt of 1.5 billion euros to imf. if they default, first time it ever happened with a developed country. we see the prime minister of greece show up with putin. what are we supposed to think? russia is going to give them money? russia's economy as plummeted. i don't know where russia will get the money to help greece. >> all they did was sign an mou that may or may not get built. this is where russia is bragging. this is where it's trying -- it's talking above its financial weight. i think ash carter the new defense secretary, understands if you hang tough and you support our allies and you get them to spend money on defense, why should we be the only country spending money on defense? >> you make a grea

s: the european union should go back to its initial principles of solidarity, .ustice, and social justice, issuing economic will nowhere. the problem is not just greek but a problem of the whole european union. pimm: monday, european union leaders will hold an emergency meeting on greece, and the bailout expires at the end of the month. greece may have to default on debt payments if there is no new deal. the suspect in the south carolina church massacre has been charged with nine counts of murder. has also been charged with a weapons crime. there's a bond hearing for him this afternoon, but he's not expected to be in court for that. meanwhile, the governor of south carolina wants him to get the death penalty. shares of ebay are rising this sellng after it agreed to its stake in craigslist back to craigslist. ebay also says the negation between the companies will be dropped. wait for the supreme court ruling on obamacare, the congressional budget office has come out with a new report, saying that repealing obamacare would increase budget deficits by $137 billion over 10 years and says the repeal would raise