manus:been what does it mean for mccrone in terms of reform agenda?has set the bench incredibly high. >> absolutely. of course it's going to be easier for him to push through reforms. the first major once that investors companies are expecting is the labor markets reform that he wants to do i the end of the summer. the idea of course is to make it easier to hire and fire and unions have already expressed some concerns about this. manus: thank you very much. market open is seconds away. stocks are indicated lower. this is bloomberg. ♪ manus: just a minute ago was the start of the european trading day. futures indicated lower and this is a fine hangover and i'm talking about facebook. you are -- the european conflict is lower. this is the shakedown we had in the tech markets over the weekend event politics of europe are strong, politics of the united kingdom, that is a whole other discussion. but it is something, and if you google it, you know what i mean. it's a thing of the splendid isolation. a very british affair in terms of global markets. that's t

the fight against it earlier we talked to brian becker from the arms the coalition he thinks that mccrone of the words have been motivated by public opinion. in the announcement by the crone represents a very sharp departure from previous french policy the french in fact worthy me cheer leaders within nato demanding that of libya demand regime change in tripoli the fact i presume as now he knows this policy and said it was a state and that's why what is correct in two i think reflects mccrone does not have a political party he has no major institutional backing in order for macro to succeed he must play to french public opinion and this position on libya and syria constitutes the real position of most people and france coming up off the break we'll take a look at washington's changing positions on foreign policy and stay with us for that. people with stories to tell. those who deserve to. study. it still but i mean sometimes. you see first and since. they're here to speak are you there to hear. what politicians do something to. put themselves on the line to get accepted or rejected. so wh

. -- mccrone wants to get his agenda started. start expecting a movement at the headquarters. things are into motion. the party is going to be a governing party here in france. >> she is at the president's headquarters. thank you. following the parliament elections, has a clear geordie. we take a look at these -- macron has a clear majority. conservative group is the main opposition. >> they have the new executive power to make us heard, concerning our differences on scalical policy -- fi policy. spirit,ecessarily in many members of the parties campaigned in support of the presidential majority. socialist will have just 29 parliament, aew historic low for the former ruling party. they are likely to oppose the government on a case-by-case basis. macron's most vocal resistance comes from the political extreme, the far left firebrand will enter parliament for the first time. his movement 117 seats. it's enough to form a parliamentary group. is a group that when the time comes call for show shall -- social resistance. i am informing those in power that not an inch of ground on wor

the new president in france, president mccrone who was ron, who -- mac was critical of the president speaking english. wantedpresident macron to make sure his words were heard in the original. he was reaching beyond the white house to the people of the united states, which is why he spoken english, which he would not otherwise do. host: what about angela merkel, the german leader? there was that famous moment in the oval office where president trump would not shake her hand. german diplomats saying it is not a big deal, they have a close working relationship. do they have a close personal relationship? guest: i don't know. it seems from the press that they don't. angela merkel is a very rational , calm and strategic thinker. she will not alter what germany's policies are, based on personality and personal relationships. she will look at germany's interests and germany's interests are certainly often if not always aligned with those of the united states. host: debra in south carolina, republican. caller: good morning, i just have two quick points to make. one of the things i was wonde

coming up next french presidents about all mccrone says france's role in the two and eleven libyan war was a mistake but he warns against the same happening in syria today all not all to the short break. the feeling of. every the world should experience. if you get it are the old the old. the old according to josh. that. come along for the. french president tomorrow micron says he doesn't want to see a repeat in syria of the mistakes made in libya intervention there which france was a part of is widely regarded as having fueled global terrorism on to charlotte has this report from paris. almost gave a suggestion that there could be uncomfortable times ahead for the two countries the u.s. and france which have been historically very strong allies the historical conflicts that the u.s. and france have been involved in together particularly in libya where he actually said that the intervention of nato allies france and the u.s. alongside other nato allies in two thousand and eleven which eventually helped lead to the removal of colonel gadhafi was actually wrong a mistake and he said that

coming up in the program french president tomorrow mccrone says france's role in the twenty seven libyan war was a mistake and he warns against the same happening in syria today off the break. in case you're new to the game this is how it works mark the economy is built around corporations corporations run washington the washington post media the media. and voters elected to run this country business because. you must it's not business as usual it's business like it's never been done before. here's what people have been saying about rejected in the senate is. the only show i go out of my way to find you know the really packs of. yap is the john oliver of marty and mary is the same. parent better than the blue. sea people you've never heard of love redacted tonight. president of the world bank very. seriously send us an e-mail. much more top stories today victims of last week's blaze may have been exposed not only to smoke and fire but also highly toxic gas that's according to the latest expert analysis on last week's tragedy in the british capital we can cross live now to a professor of

caught up in the split several european leaders including newly elected french president and model mccrone says we're just going to have to wait and see. but it will be true. i usually don't start. like us by drawing up red lines i prefer defining those together so that if you go shooter can carry them but i think it's a good signal to open our exchanges with this subject which is the subject of the insanity for many of our citizens who currently lead the u.k. the shoes you don't see a lot of these citizens are worried about their status if a favorable agreement is not reached in time deportation is a real fear and european council president donald tusk made it clear the door is still open for the u.k. to back out of breath and stay in the e.u. the u.k. is less than two years now to finalize its exit and tomorrow marks exactly one year since u.k. citizens voted on that bracks that referendum let's go over to london now where boom bust lindsay france is on standby covering the anniversary lindsay you've been on the ground there getting the british take about that pivotal vote what are you h

i am optimistic about what president mccrone -- macron will do.o chairman john chambers there. meantime, the u.k. tech scene is flourishing. more than 10% new jobs created in the u.k. this year have been in tech fields. this according to a newly replaced -- released report. ia and data science were primary drivers, showing almost 200% growth and a 136% increase since 2015. still, filling the positions is tough. the 50 most difficult roles to fill of the 44% were software and tech developers. joining us now from london, caroline hyde. a lot of uncertainty businesses are facing. this is given brexit and concerns about the economy. yet, they are still looking to hire. caroline: one in 10 jobs goes to the tech sector in the u.k. it is more than the financial sector. that was the sector the u.k. over dependent on prior to the financial crisis. and more than professional services. it is a key area of growth, almost double the growth in the last year. we have seen it in ai in particular. apple is pushing on siri, google aia -- pushing on android, and mac

i am very optimistic about what president mccrone will do -- president macron will do. >> are you moreul for labor market reform in france or tax reform in the united states? >> i think both of them will happen by the end of the year. some topics in global business are not strictly about the bottom line. bank of america ceo brian moynihan joined us this week to talk about diversity and inclusion, issues that are vital to this company and close to his heart. he sat down with erik schatzker. erik: we hear all kinds of arguments for why banks should hire and promote more women. enter risk managers, generate higher returns, less greedy. is that true? [laughter] is anyn't think that good reason. half the population and half the talent base you are dealing with. those are interesting sideshows to the real reason, which is, are you going to draw talent from half of the population? put any analogies out there -- if you are an nba draft, you only get to choose from half the people, others get to choose from everyone, who will come out better? you are not going to fare as well. all of those idea

majority cane president mccrone get and what does it mean for his reform? to get ae is crushing majority, three quarters of the seats in the national assembly. that definite helped him to push through reforms, and the first major one everyone is waiting reformthe labor market but they are spending over the summer. assembly is the only from 1958. is this a new government? is this a new calculus or methodology for france happening right now? tom,ine: it is historical, because in 1958, that was the beginning. at the time, there was a very the onlyority, but person who managed to get such a majority was not the president. , -- organized the election, but won 80% of the seats in parliament. between theliance two at the time. but we are seeing today, macron ofting to quarters assistance in parliament. that has not happened in more than two decades. how do you explain his popularity? we saw that handshake between president trump that was forceful. does stuff like this play into the voting in france? it does in fact, the , the head take with donald trump, the react

. >> i am very optimistic about about what president mccrone -- president macron will do.amy: it is all straight ahead on "bloomberg best." ♪ ramy: hello and welcome. i'm ramy inocencio, and this is "bloomberg best," your weekly review of the most important business news, analysis, and interviews from bloomberg television around the world. the week started on an anxious note for tech investors as a selloff that began friday continued into monday. >> everybody's favorite sector, tech sold off in a big way on friday, leaving the nasdaq to a biggest decline in four weeks. the selloff has spread globally with europe and asian markets tumbling as well. >> the nasdaq established a new intraday high friday morning at about 10:30 in the morning, prior to the beginning of the selloff into today as well. and even with yesterday's or friday's action and today's action, the nasdaq remains over 13% year to date. this is a pause. stocks go up and down and that's all we are being reminded of. >> 27% of the drop over the last couple days is due to apple alone. google, facebook, microsoft

as we saw on the french elections with their release of information about candidate mccrone. germany cyber -- has been attacked. most observers to -- as of the united states, russia aggressively uses trolls and bots to spread fake news and disinformation. with the goal of weakening european institutions and driving a wage between the united states and europe. these measures have been supported by state-controlled russian media including rg and sputnik. so far, these efforts have not been successful in europe as perhaps they were in the united states. for instance in france, and the campaign the french government was prepared to push back on cyber leaks as they released information in the 48 hour blackout time. we've seen companies such as facebook take down a series of fake accounts to help those efforts. in the netherlands earlier this spring officials hand-counted paper ballots to ensure there'd be no electronic interference. across europe government media push back against fake news stories and have established such institutions in the nato strategic communication center o

francis mccrone expand

political risk is much lower with mccrone and merkel working together. favoring payments to periphery countries. the greek situation has been clarified as well. get to the german elections, this opens the way for the ecb to normalize policy. joanathan: let's say we get to 120. that is significant timing. what does that mean for the ecb? can they do much at all? not, this is not a target we have in the next few weeks. we will recognize the european economy is growing much faster. the u.s. economy is growing, and it acceleration has declined. the risk in europe is disappearing gradually as you see macron and merkel and some coalition. we think there is some detail. the move has already been very quick. is a first.today it will continue to move. everyone has position until a few months ago. ecb to raise the policy rates and change policy, normalization would be on the table. i know we have loans at the highest level since 2014. that is the stage in europe. personal income and personal spending, that is still extraordinarily important. michael: we are lookin