if we look at the german ifo conditions, a forecast of 123.8. and the ifo expectations index, 119.1 versus a forecast of 107 this all beating expectations. annette is in frankfurt with instant analysis this is all fairly strong data a day ahead of this crucial meeting from the ecb that would in a way justify tapering, wouldn't it? >> of course in looking at the german economy, tapering is justified if we would set the monetary policy for germany, i think we had taper quite for a long time already. let me run you through what we're hearing from the ifo institute. i think all the insecurities surrounding the outcome of the german election has gone people are investing people are optimistic about the future the expectation component is always very important. and that this has risen and about the expectation showing that there is a general belief that germany as an economic haven is intact and that the growth story is intact also given the current political uncertainty as we are not knowing where that coalition is not heading to i think the politica

ifo comfortable with the spd. damien: so does horst brinkhoff. he has been a member for 50 years. today they're both here to see martin schulz, who's on the campaign trail. >> let's hope we can mobilize enough people. >> i hope so, too. the turnout here looks pretty good. damien: martin schulz is trailing behind merkel in the polls. despite leaving high school without a diploma and not going to university, schulz has a successful political career under his belt. the current leader of the spd, he previously served as head of the european parliament. he's a fiery speaker, whose passion for social justice, the cornerstone of his campaign, is palpable. >> in urban centers, two incomes often aren't enough to pay the rent at the end of the month. we want a cap on rents, we want to prevent them from skyrocketing. a country with the sort of surpluses that germany has must make the dignity of elderly people a focus of its policy. that is generational justice. damien: applause for the spd's frontunner. still, his chances of winning the vote on september 24th are slim. incumbent chancellor a

now jeff had a chance to speak to the ifo and asked how regulators are dealing with the issue of npls. >> in nonperforming loss, from the ecb, their view is something that is creating some concern but also the attitude of all the other european players so i'm really disappointed that you have ecb saying something, parliament say others. you have different commissions, euro group, imf. a lot of them dealing with something that is absolutely price sensitive. so i think this is the problem also from the way in which they are managing this. >> why the confusion it should be pretty clear. >> it is different the way of looking at the same problem, but i think that from the substantial point of view, you cannot add something to the international accounting principles you have the process of recovery so it is difficult to say that you can do something different from the accounting principles on the other side, there is something like from a political and technical approach so political, say, you are the owner of the rules from the other side supervision is saying, yes, but i'm responsible for

come, i.e., ifo we get repatriation, dwight by the flying stocks because they have big lumps of moneyworld. what is the trade-off the back of this? kirk: in my mind, the trade is more in the debt market than the equity market. i think interest rates will go up. the fed has said they will stop the quantitative easing. i think the deficit will go up by virtue of the tax cuts, so there will be more pressure on the treasury market. i think the equity market will continue to do well because of stimulus, and i don't see that changing a whole lot. guy: how far do the yields go? do we get up towards 3%? that has been the expectation for some time. we thought it might happen, turns out it didn't. we have drifted sideways and low two's ever since. is there impetus to get see it -- to get yield significantly higher? much.three is too i think 2.50 is a reasonable target but next year, 10 year treasuries probably go up to 3%. i think the entire curve is going to move up, if you talk about a couple of fed tightening's, the short and will move up, as well. guy: i am watching a cheap dollar, and equi

behind a with about 20 other people that were just people that come to the show and everyone is asking ifóokay, there's blood on people and you could see a couple folks in the street that had -- looked like they had been shot lying there. i mean, was literally like a movie that you feel like you've seen before that's not real life. >> jake, i know when something like that happens i imagine that time is just really hard to even get a grasp on, but we're interested in it because it does sound like from other witnesses we've talked to that this went on for some time. if you had to guess how long from when you first heard the sounds to when the shooting finally stopped, how long do you think it took place for? >> oh, i mean, without -- without even over exaggerating i would say it was close -- it had to have been close to ten minutes because it went on for a good four or five minutes before i got back to -- luckily to a bus that was safe in a crew parking lot, i got back to a bus, once i got on a bus we were hiding in the bus because you could still hear gunfire outside. it wasn't something th