that's why both of them are engaged in talks to both sides to iran and to the united states among all mccrone met here is today with rouhani and he is scheduled to meet president trump today and as you said angela merkel met with the you asked president and with the iranian president was also on her schedule here and we actually where waits to hear from her every minute every moment from now so as i said i think that the european see a chance for diplomacy we have to admit that president trump has been very critical of iran even today he did knowns iran's blood lust and described the runyon regime as one of the most restrictive restrictive in the world but he also said that he believes that there is a path to peace and he has so far shown restraint in the conflict and hold and he has hold back a lot of those who have to tell you is under a curse the chancellor we have the chance to right now let's listen to what she's saying. you know because. it's a looks like we're having some audio problems and also there is no translation so i suggest we go back to xander as we wait to get a better connec

the the obvious admission i very rarely had good things to say about the french president emanuel mccrone however however i'll make important. his vision for security in europe is it's time has come i have to say it's time has finally come it's taken a lot of courage it's a bold statement to make and i think it. really makes people reassess the situation because the relationship between the between europe and russia and the united states and russia is not where it should be it doesn't necessarily have to be that way the europeans are taking an initiative here through the french president what does he want to achieve is that just for his own political gain at home does he want to take the mantle of the western world is he wary of the united states does he see a paradigm shift going on here what it's the root of this here go ahead emmanuel in paris well it's 0 of what you've mentioned but i asked to admit that it is not a european position and then of course not speaking on behalf of the european union i mean and france is a president. the g. 7 at least till the end of the year but it is no

france i'll start with the french headline because this was from macro and after trump leaves france mccrone warns world is living the end of western hedging moni but we also have a headline from the u.s. that matches this to my mind and it's from bill dudley former head of the new york fed started in 2009 after tim geithner left until 2016 and before that he was with goldman sachs for about 2025 years the fed shouldn't enable donald trump you know trump isn't a trade war and that's why bill dudley responded to this is like this trade war with china is crazy we shouldn't cut rates in fact we should raise rates if anything he's almost suggesting anything to get rid of trump like we should overthrow the guy well trump's new trade war tool might just be antique china debt collectors of pre communist debt are lobbying the white house to force beijing to pay up president donald trump's next move in an increasingly fraught trade war with china could be one for the history books literally the trumpet ministration has been studying the unlikely prospect of reviving centuries old claims and chinese b

normandy for format for resolve the conflict in eastern ukraine it has been chancellor merkel and mr mccrone have been right there with mr selenski trying to resolve this issue and so i think right today they have to be doubting whether or not mrs less he is somebody they can trust this was a war report jonathan reveals to the entire world much about how the u.s. president regards the rest of the world in how he regards the rule of law and due process this is what the president said last night about the people who gave the whistleblower that information it was recorded on a smartphone at a private dinner was trucked in about 50 just take a listen. to one of these for many reasons it was. interesting we should really do what you used to handle them a little differently back then what did you hear in that address. well 1st of all it's reprehensible that the president would make such a statement it's incredibly important that the u.s. government in particular have people making certain that officials who are not above the law are held accountable for using power in a way that they should not so

which i know very very well they go along with that they want poland want so for trump ok how is mccrone going to have to square the circle with nato with his new initiative in approaching russia go ahead emmanuelle. well i think this is exactly what we start about in moscow of course again mostly between some gay should and. more than between us and trying to tell you i think john you thought it was well we're look since to go to moscow then. the minister of defense i think france pushed away this question of nato for various reasons 1st of all the narrative of the president when he speaks about the necessity to have more robust european defense he speaks about having european capabilities now go inside nato but having more autonomy its capability this is the core of the new french initiative of ice age in french he said. which of course brings in only 10 of the 27 or 28 european countries so we are pushing more rapidly than a certain number of our partners to have more autonomy as. the plan of action and this was voted as the french the newly french commissioner see if you could i woul

when mccrone said they were going to get money it was like this is our economy the us with everybody still thinks as an individual country nobody thinks globally on this and that's a big problem for all of you when it comes to trying to sell this message but to get the scientific community because you know the evidence is there but you're still coming up against the economy. yes and that this is a historic think we've been we've been banging on about the evidence the evidence is there for decades now and now we have so with the planting trades you've got the food fuel debate if you've got if you want to go towards bio fields you've got issues around well with the ethics of growing those biofuels in the food fuel debate them so i mean that fundamentally the problem is we've put too much pressure on the resources in the planet we have and we're not managing those resources in the way that sustainable you know we strongly believe scientifically that we have enough resources that we have enough you know we can we can draw more energy from renewable to to support ourselves if we manage ou

in meant so i think this is what you're seeing with what mccrone is responding to when he says it's the end of western hedge money what he's saying is that like the sun kings before him before the us empire that we might not call them emperors or caesar's or our kings but they do act like it with caprice it become very capricious and random and ok we've worked on this you know huge nuclear deal with iran now it's gone forget it you can't deal with them like randomly assigning like enemy status to countries and saying no you have to end all your trade deals with them and destroy your own economy because you're going to use that dollar and we're going to shut it down so this is part of the what he's responding to de globalization is also the d.m. lightman cycles are natural they happen historical cycles through a 100 year cycles 1000 year cycles the concept of having a central bank like the federal reserve bank is an attempt to neutralize these cycles and say look we recognize there's a thing called the business cycle and the when things get hot we're going to raise interest rates and whe

guest: definitely and i think mccrone was hoping that this time around -- mccrone was hoping that this around it would work out. both sides want to negotiate but from a position of strength and so the europeans will have to decide how much of the regime's misbehavior they can take. whether it is a tax on shipping in the persian gulf or terror and assassination plots in europe. so far the europeans have wanted to preserve the nuclear agreement and i think they have the irane -- on regime. david: thank you so much for joining us today. that is the founder and ceo of new iran coming to us today from washington. coming up, more from the global business forum. we will hear from some of my interview with tiaa president and ceo roger ferguson. ♪ this is bloomberg. -- this is bloomberg. ♪ david: this is balance of power from bloomberg television. i am david westin at the -- in midtown manhattan. robert ferguson served as vice chairman of the federal reserve. i sat down with him at the global business forum and asked what he thought about the economic uncertainty facing the u.s. central bank. g

when mccrone said they were going to give money it was like this is our economy the us with everybody still thinks as an individual country nobody thinks globally on this and that's a big problem for all of you when it comes to trying to sell this message but to get the scientific community because you know the evidence is there but you're still coming up against the economy. yes and that this is a historic think we've been we've been banging on about the evidence the evidence is there for decades now and now we have so with the planting trades you've got the food fuel debate if you've got if you want to go towards bio fields you've got issues around well with the ethics of growing those biofuels in the food fuel debate them so i mean that fundamentally the problem is we've put too much pressure on the resources in the planet we have and we're not managing those resources in the way that sustainable you know we strongly believe scientifically that we have enough resources that we have enough you know we can we can draw more energy from renewable to to support ourselves if we manage ou

he's held by lateral talks with french president manuel mccrone as well as german chancellor angela merkel. un secretary general antonio has warned against any further escalation in the region and above all we are facing the a lot of being possibility of armed conflict in the gulf. the consequences of which the world cannot afford. the recent attack on saw the in a b.o.i. facilities was and acceptable in a context that a mind that a miscalculation can leads to a major confrontation we must do everything possible to push for reason and restraint. outwardly at least it seems no side is willing to risk a military confrontation. might make it clear now to some other stories making news around the world star singer possible domingo has pulled out of performances at new york's metropolitan opera after allegations of sexual misconduct domingo has been due to appear in a production of macbeth starting on wednesday dozens of women have come forward accusing the spaniard of harassment he denies the allegations. the e.u.'s top court has ruled that google is not required to apply the e.u. right to be

facilities in saudi arabia this month or shinton says iran was behind the attacks a terror on denies that mccrone is urging the countries to pursue negotiation efforts our correspondent john holl is at the united nations in new york. there has been a flurry of activity involving a number of leaders meeting separately here in new york with us on rouhani the iranian president and also with donald trump france germany japan pakistan and the united kingdom all pushing separately to try and broker what would be a historic meeting between 2 countries whose leaders haven't met for 40 years emmanuel now from the french president particularly engaged in this effort he's known to want to set up negotiations more broadly at some point to taking a 4 point program and get a new nuclear file of course also ending the war in yemen coming up with a regional security plan and lifting sanctions he said but conditions he believes are right now for a rapid resumption of negotiations it's now up to iran and the united states to seize the opportunity well that hasn't happened yet iran wants a lifting of sanctions now

of course mr mccrone has always been pursuing this line as well that the that is the better solution would be to resolve the problem between iran and america. and we have said it enough said it and saying it during this press conference as well that america should take off their precondition. then of course the new ground will be laid for a new condition which can be considered of course during the meetings we have had in the last few days in new york city we have talked about different positions we have had different discussions and i don't want to say that such plans will never be realized but thus far during this wisit we have not reached a point of confirmation and of course there are a point above that and beyond france and there was a lot of talk about as well. let it go it's mr president this is there's another in your opinion mr trump is seeking a new agreement why does he not go away with sanction and lift it take it off the table so open a path for negotiations and off that he's returning to iran are you able to say that you did your. at morse to take away the sanctions i b

mccrone rolledt out the red carpet for his russian counterpart. onstarted the aim of a reset france's relationship with russia after years of strain over russia's annexation of crimea in 2014. or the french president, the countries are links not only by history, but by high heaven stakes legal issues, -- by political issues, including the iran nuclear deal. present macron solidified his commitment to relations, inviting vladimir putin to his official holiday residence. the french president preressed s counterpart on ukraine in hopes of an end to the conflict. weeks later, russia and ukraine agreed to a long-awaited prisoner swap. the french prime minister move as proof of progress. >> the status quo of mistrust we currently find ourselves in does not serve anyone's interest. it does not lead to anything. the conflicts are still unresolved. a deadlock persists. try topresident wants to build more trust. the french president solidified his calls for warmer ties with the kremlin in a meeting with french ambassadors , insisting the european continent'

commitments the reason i've been to france twice and president rouhani has been talking with president mccrone and today while i'm here my deputies in paris with others discussing it with the trench officials is to say.

will leave the whispers with marco and mccrone to the traitors of the italian people so what about the people who live on the italian island of lampedusa what do they think. they have the right to move and it's right to be taller and it's only fair to rescue these migrants but decisions must be made because we can't accept everyone. i have faith in the new government and i hope they will distance differently i hope that with some sense they will be able to govern together for the good of italy. that i was once attacked by a moroccan he looked at me 3 or 4 times so that i was old and i had to go change he came closer just took it you might become racist when these things happen to you but we're not. well e.u. leaders are yet to agree on a concrete policy with how they will deal with the continued to my current crisis the one issue that will once again be raised when they meet later this month and then again. next month. but the reality is while the new italian government say this isn't over to the courts many charity rescue ships will now be seeing what's happened over the weekend as th

commitments the reason i've been to france twice and president rouhani has been talking with president mccrone and today.

commitments the reason i've been to france twice and president rouhani has been talking with president mccrone and today while i'm here my deputies in paris with others discussing it with the printer fishes is to see how they can implement their own commitments it's not about renegotiating j.c. pewit it's not about revising it but it's simply about implementing their political let me ask you a question about that because of the. last couple of weeks you've been daring if not taunting the europeans to grow up and stop being subservient to the americans to respect international law. which includes formally includes the eighty's did it have any effect well i don't know because i'm not preaching anybody i'm simply talking about the realities you see all of us when we went to primary school in high school we had bullies in our class and bullies would not stop if people just look at them were.

is not the only one making headlines on the climate change platform french president or moneyball mccrone has annoyed french climate activists by telling them to move their rallies from parlous to poland tried dubinsky delve deeper into. president matt corner fronts has a once again called the banners to help in the fight against climate change speaking at the u.n. climate change emergency summit he said he understood the frustrations of the millions of schoolchildren who had been striking on fridays next amended be deployed in one week for months and months now we've heard the young people speaking and i think they've identified an absolute urgency that we have to respond to here but while much corn understands their frustrations his government didn't seem too keen on those climate activists who protested in paris over the weekend with some alleging brute force was used by the police as the violence spiraled out of control. and much corn has made it clear he really wants the protesters to go away well from false at least as what he really really wants is for them to take their anger out

gas at a deafening 165 decibels are also used only in france president a man well mccrone and his minister of the interior krzysztof coston they have ignored repeated demands for the abandonment of the use of both weapons from organizations including the united nations the european parliament the council of europe amnesty international greenpeace and reported some from tear at the time of writing both weapons continue to be used by the c.r.s. which is the riot police the french government sole concession has been to say that they will stop using stun grenades when the stocks run out and they're tempting fate particularly here in front of the legacy of 1000000 robespierre. the reign of terror and the revolution they can push the people who so far in the it's time for retribution well again max and i have lived here in france over the years we max has lived here 15 years we've seen many protests and thousands of protests manifestations all the time and it's always very organized in the police the riot police the c.r.s. sit there in their van and they have their lunch have their wine but i've

commitments to reason i've been to france twice and president rouhani has been talking with president mccrone and today while i'm here my deputies in paris with others discussing with the printer fishes is to see how they can implement their own commitments it's not about renegotiating jacey pewit it's not about revising it but it's simply about implementing their political let me ask you a question about that because over the last couple of weeks you've been daring if not taunting the europeans to grow up and stop being $67.00 to the americans to respect international law. which includes formally includes the eighty's did it have any effect well i don't know because i'm not preaching anybody i'm simply talking about the realities you see all of us when we went to primary school and high school we had bullies in our class and bullies would not stop if people just look at them while they beat another student once they beat the 1st student or go to the 2nd and the certain the 4th do parents must know that the appetite of the united states for breaking international law. and wherever it serves t

the obvious admission i have very rarely had good things to say about the french president emanuel mccrone however however i'll make important. his vision for security in europe is it's time has come i have to say it's time has finally come it's taken a lot of courage it's a bold statement to make and i think it. really makes people reassess the. because the relationship between the between europe and russia and the united states and russia is is not where it should be it doesn't necessarily have to be that way the europeans are taking an initiative here through the french president what does he want to achieve is that just for his own political gain at home does he want to take the mantle of the western world is he wary of the united states does he see a paradigm shift going on here what it's the root of this here go ahead emanuel.

he's held by lateral talks with french president manuel mccrone as well as german chancellor angela merkel. u.n. secretary general antonio has warned against any further escalation in the region and that of all we are facing the a lot of mean possibility of armed conflict in the gulf. the consequences of which the world cannot afford the recent attack on soviet a.b. oil facilities was totally unacceptable in a context that a mind not a miscalculation can leads to a major confrontation we must do everything possible to push for reason and restraint. outwardly at least it seems no side is willing to risk a military confrontation. like making this preview known some of the other stories making the news at this hour at least 5 people have been wounded in a bomb attack on a bus carrying police officers in the southern turkish city of adana is not yet known who's responsible authorities want an investigation. opera megastar placido domingo has called off performances at new york's metropolitan opera after allegations of sexual misconduct he'd been due to appear in a new production of macbeth sta

normandy for format to resolve the conflict in eastern ukraine it has been chancellor merkel and mr mccrone have been right there with mr selenski trying to resolve this issue and so i think right today they have to be doubting whether or not mrs less he is somebody they can trust this whistleblower report jonathan reveals to the entire world much about help the u.s. president regards the rest of the world in how he regards the rule of law and due process this is what the president said last night about the people who gave the whistleblower that information it was recorded on a smartphone at a private dinner was true but about 50 just take a listen. to. this it was one of these are the reasons it was. you know. we. used to handle them a little differently back then what did you hear in that address. well 1st of all it's reprehensible that the president would make such a statement it's incredibly important that the u.s. government in particular have people making certain that officials who are not above the law are held accountable for using power in a way that they should not so it's repreh

france i'll start with the french headline because this was from macro and after trump leaves france mccrone warns world is living the end of western hedging mony but we also have a headline from the u.s. that matches this to my mind and it's from bill dudley former head of the new york fed started in 2009 after tim geithner left until 2016 and before that he was with goldman sachs for about 2025 years the fed shouldn't enable donald trump you know trump isn't a trade war and that's why bill dudley responded to this it's like this trade war with china is crazy we shouldn't cut rates in fact we should raise rates if anything he's almost suggesting anything to get rid of trump like we should overthrow the guy well trump's new trade war tool might just be antique china debt collectors of pre communist debt are lobbying the white house to force beijing to pay up president donald trump's next move in an increasingly fraught trade war with china could be one for the history books literally the trumpet ministration has been studying the unlikely prospect of reviving centuries old claims and chinese

he's held by lateral talks with french president manuel mccrone as well as german chancellor angela merkel. u.n. secretary general antonio has warned against any further escalation in the region and that of all we are facing be a lot of being possibility of armed conflict in the gulf the consequences of which the world cannot afford. the recent attack on solve you know maybe oil facilities was totally unacceptable. in the context that a mind not amused calculation can leads to a major confrontation we must do everything possible to push for reason and restraint. outwardly at least try it seems no side is willing to risk a military confrontation. by making so where's the west headed with around to talk about that we have our political correspondents brought here in the studio good morning hans a president trump and a sign rouhani face their last chance for an historic potentially historic meeting today at the u.n. in new york european leaders are racing to arrange a meeting hans what are the chances we'll see well later i think in the end the chances are very slim that something like this w

sudan's prime minister abdullah home dock has visited paris for talks with french president emanuel mccrone amdocs leads a transition government formed after the ouster of longtime leader omar al bashir micron called on the u.s. to remove sudan from its list of countries which sponsor terrorism and to lift sanctions against khartoum that flooding in northern india has killed at least 100 people in the last 3 days until pradesh and be her states have been particularly badly hit heavy monsoon rains brought down trees power lines and roofs forecasters expect the weather to ease off this week. well to the u.s. now for the 1st time more than half of americans say that they approve of congress opening an impeachment inquiry into president donald trump and that's according to the latest polls the president is stepping up his attacks as public concern grows over a whistle blower's allegations of abuse of power trump issued a threat in a late night tweet tirade he wrote i want to meet not only my accuser who presented 2nd and 3rd hand information but also the person he was legally gave this informat

problems with europe, you seem one of the problems with europe, you seem to be suggesting only mr mccroneost brexit —— mr macron. is that his ambition? to take the space left by the uk from the european union and imprint france's power on the project? well, first of all i will not comment on press reports on which i issued strong sales. coming back to europe and what we're doing right now, —— strong denials, it is not a question of imposing power from one member state to the others. it's a question of living up to the expectancies to what voters have asked for when we went to the european elections and our voters are asking for a more united european defence, a more efficient european defence, a more efficient european security, a way to deal with the digital transformation of our societies and our economies. this is precisely what is being prepared for the next commission and what we have been working on. the member states and the council, the european commission, and the european commission, and the european parliament, where i belong toa group, european parliament, where i belong to a

lot of prestige around the world and its and its potence would be under we we know that people that mccrone want to see the e.u. politicized and to move towards being a super state i think it's part of the reader never largely because of the e.u.'s handling of this process and here as for the uterus on which we're not to touch the point that was one of the best things that britain did was not to enter you know who that ended up not that's testament to the foresight of court and brown who recently a chance to look 10 years ago and made that decision not to enter leaders or pursue medical contradictions that are you know one does not lead in order to begin but it's to be a little model that sustains your opinion that is incomplete and not ok russia let's talk about that little or no that's go back to you in paris what is the biggest lesson from this whole brave group it's for experience from the continent perspective go ahead. you know. i interviewed the friend secretary last he had was when he go in on the lawn of his embassy in paris and you know what he told me at the end of of the individ