, they— the truth is, friedrich mertz, they seem to be new german chancellor has been clear since the the united states— the mindset of the united states and that means europe has to— states and that means europe has to adapt to that. i actually think we should have been — actually think we should have been quicker to adapt to that but it's— been quicker to adapt to that but it's not happening. that's partly— but it's not happening. that's partly about the words that we will see — partly about the words that we will see today about solidarity for ukraine, but it also than about— for ukraine, but it also than about the _ for ukraine, but it also than about the deeds in terms of the defence — about the deeds in terms of the defence and security arrangements that we make. it is unthinkable to imagine that you might actually have to be having — you might actually have to be having a _ you might actually have to be having a discussion about whether nato can continue to exist— whether nato can continue to exist in— whether nato can continue to exist in its present form. it's unthinkable to

and mertz was opposed to it until very recently.so this is a very big step for germany and for europe, because germany is obviously the biggest economy in europe. >> now, when you look at right wing populists in france and italy, giorgia meloni the prime minister, marine le pen, the main opposition leader in france, they have both basically been, very broadly speaking, pro-ukraine. now le pen has gone back and forth, but she criticized trump for his, you know, seeming abandonment of ukraine. maloney has been a staunch supporter of zelenskyy and ukraine. what is the afd's position here? it is the second largest party in germany. it is germany's far right party. is there a danger that were they to do better and better, this whole transformation of german policy gets undone? >> yeah, i think the real risk and you're talking you're basically mentioning this tension right now. we're in this moment. it's a historic moment. we're basically facing this twin challenge of securing our democracies to external threats. and that's the sort of de

that's fairly obvious. mertz coming in it's, it's a business to the new mandate, just to reiterate what i said earlier is how best to separate russia and china. so stay liberally and how to do so as soon as possible, and you crated to address your earlier question or point, as is supposedly been as neo afghanistan opportunity to try and pierce russian resolve, let alone it's economy, let alone it's military capacity to try and bleed russia drive as much as possible that obviously is not working. and hence the need to shuffle the deck here to have a newer approach that involves some of this. so this, the actrix, you know, dr. mirrors in london. very, it lets you know the big need this phase of the conflict 3 years ago it started in 2014, but when waste, let's use the starting point for our purposes, the special military operation. so you really have the collective west using ukraine is a proxy too weak in russia, as pi is already pointed out, that hasn't worked as a matter of fact. i live here, it's strength in russia immensely, and made it actually richer. but now you have because europ

i think it's rather interesting to, you know, the incoming chancellor of germany, friedrich mertz, was the only european leader to say this whole thing in the oval office. this wasn't some kind of misunderstanding or accidental confrontation. this was an orchestrated act of escalation on the part of trump and vance. well, germany has given more in security assistance to ukraine than any other european nation, and it isn't even close. and, you know, the way that mertz is talking, this is a guy probably the foremost atlanticist in german politics. this is priority number one is to decouple from the united states, basically declare our independence and establish strategic autonomy. this is a kind of nice sight and wonder if you can get it. but, you know, keep in mind, germany has had these pivotal, pivotal moments in its postwar history before beginning in the late 40s, all the way up until 1989, when it decided on reunification. so if the will is there for germany to do it, i think it should also be there for other european countries and, you know, the uk popular and political support fo

what it means is the chancellor mertz has his party backing this.y need the greens to support this. they are likely to do that. there are a few steps to go but it looks like this will get through the parliament very quickly by german standards sometimes next week -- sometime next week. jonathan: chad thomas of bloomberg out of berlin. yields higher across the curve by double digits. moves we don't typically see in germany. for the euro, new highs for the year. a stronger european currency against the dollar. george saravelos writing, "it is hard to estimate the scale of change taking place in just a matter of days." george, welcome to the program. let's start with the euro. talk to me about the change. george: there are two key components. the first is very much the shift out of germany which i will call generational. we have been expecting a shift. it looked like the ingredients were building. we have been on the opportunistic end. we were surprised with the magnitude of the fiscal shift announced. from my perspective, the biggest shift in fiscal p

mertz has previously warned that it was five minutes to midnight for europe to fend for itself against a hostile russia, with the u.s. no longer seen as a reliable ally. canada's ruling liberal party is set to choose a new leader in the coming hours, who will replace justin trudeau as prime minister. mr. trudeau led the liberals to power in 2015, but in january he announced he would step down after a new party leader is chosen. there are four candidates applying for the job, but only chrystia freeland and mark carney are believed to have a real chance to win. carney is a former governor of the bank of canada and the bank of england, and freeland was one of mr. trudeau's most well known cabinet members before she resigned. canada's liberals were far down in the polls against their rivals, the conservative party of canada, but they surged back into contention as donald trump began making threats against canada. under canadian law, a general election must be held this fall at the latest. lori turnbull is a canadian political analyst and professor at dalhousie university, and she joins us

another record high ahead of today's ecb decision, while the bond sell off continues after chancellor mertz's shock policy shift sends yields surging the most since the days of reunification, and french president emmanuel macron says he could extend the country's nuclear protections to cover europe, as he warns, the continent may have to prepare for life without the us by its side. >> could appear. >> on ukraine. eastern ukraine may or may not be achieved quickly. >> but the european states. >> given the. >> russian threat i've just described to you, must be able to defend themselves better. >> a very good morning to you. i want. >> to. >> kick off the show with some fresh lines out of china, because. trade in europe has been choppy. this morning we opened up on the front foot as investors reacted positively to that reprieve on the auto sector tariffs. the temporary relief one month exemption from tariffs for the auto sector. but in the last 15 minutes or so, markets. >> have turned negative. sentiment has. soured a. >> little bit and i think it may have something to do. >> with. >> these lin

mertz has previously warned that it was five minutes to midnight for europe to fend for itself againstostile russia, with the u.s. under president donald trump no longer seen as a reliable ally. israel and hamas can't agree on the next step for their cease fire deal in gaza. when we return the latest on the peace talks and how both sides want to move in negotiations. plus, the vatican shares a promising update on the pope's hospitalization but warns the risk of another breathing crisis remains. we'll have the latest on the pontiff's health from rome. here in the cnn newsroom. >> twitter. >> that's a great. >> name. >> we invented a whole new thing. no one could possibly have understood where it was going twitter. >> breaking the bird premieres tonight at ten on cnn. >> aveeno introduces new daily moisturizing cream. it's clinically proven to moisturize dry skin for 48 hours and instantly strengthens skin's barrier for softer, smoother skin. aveeno the power of oat for sensitive skin. >> do you have a life insurance policy you no longer need? now you can sell your policy, even a term po

by friedrich mertz, the incoming chancellor in germany.assive spending plans now for defense and infrastructure. if they can get it through the old parliament, which the economic and political communities say is likely to happen. so we're looking at a radical shift in fiscal policy from germany. the dax is up 3.4% right now. so really strong gains. and it is not just one sector within the german market. we're seeing a massive rally in chemicals, names, industrials, construction, defense. so many parts of the german market are rallying on this because not only will this directly support names in the infrastructure and defense space, but it will also clear some room for germany to address other issues in the economy, clear some some space. given the changes around the debt break that are also in store. so there's a look for you. the xetra dax up 3.4%. the dax is up over 6%. so massive rally in germany. and as you just saw on your screens a moment ago, you're seeing that jubilant spread to broader europe as well. as far as us futures go. we'r

frederick mertz says we will do whatever it takes. jonathan: we are focused on the economic data.ess claims. payrolls tomorrow morning. economic data will become more important. look out for more tariff deadlines. 25% on steel and aluminum is a week away. in april, reciprocal tariffs. united states maybe pushing the chinese even further. annmarie: tariff roller coaster is how the wall street journal editorial board is putting it. two key things today. we know they will get an exemption on auto tariffs? we need to see that play out in the executive order. right now they are technically still in place when it comes to the paper trail. second, donald trump is likely going to get on the phone with claudia sheinbaum. is it a deal before sunday? lisa: with the tit-for-tat people are feeling uneasy. we see that in the economic data. i wonder how much that is facing increasing of us is on economic data to the downside and making people dismiss data like the ism services that came in hotter than expected yesterday. to me, it puts the focus on an asymmetrical response the negative news. jon