david: we were talking about angela merkel.elawait merkel about the commerzbank merger. >> it is a decision of private business. themselves cans evaluate that. david: i love this response. we have no opinion at all. on the recording is her finance minister is saying, you guys get together. >> she used to work in banking. she knows everyone. they are clearly under all of this and intimately involved. this is deutsche bank. part of the bank, government. a report from the american economic association said that half of email, miss have experienced gender discrimination and reports of assault and harassment. say the numbers are staggering. i feel like we are at this moment, the story in the new york times about a case coming to wall street. wall street in the world of economics have lagged in terms of the real reckoning. you wonder as this comes out, does the me too movement regain some traction here in different parts of business. anothervery day has one. out. the ft has come they want a warranty and the club back. >> this is now

we are waiting to hear from angela merkel in conversation with our editor in chief.oom. angela merkel has not commented public the on this merger -- commented publicly on this merger between deutsche bank in commerzbank. she is giving a speech and may discuss the global trade dispute. own5 minutes, our very editor in chief john mickelthwait moderates a one-on-one conversation with angela merkel. this is what your data looks like. we are seeing a little did a volatility when it comes to pound. stocks in europe are gaining happy percent. treasuries -- half a percent. treasuries nudging upward. we do not know what theresa may's next move is, but a longer extension could be the preferred option. taylor: all eyes go to the u.s. markets leading to the fomc meeting tomorrow. the s&p had a strong day yesterday. it is a cautious rally. we have had outflows in some of the etf's it tracks. it is cautious but one thing that is not cautious is the 2-10 spread. we have seen a lot of inflows into longer maturity bonds in some expect haitians have not gone -- expectations have not g

we speak to the german chancellor angela merkel.orce expected to its dovish stance, but former new york fed president says tightening could be back in play later this year. oil mayor to cuts, 2019 highs after opec and partners pledge to continue curbs. the market is responding positively. impossibleactically to bring down exports to zero. nejra: good morning, welcome to "bloomberg daybreak: europe." one hour to cash equity trading. we have seen four days of gains, best quarter since 2015. there could be a pause to that rally. futures unchanged. u.s. features have taken a little bit of a pause. global equities getting to the five month high. headlines are hitting the tape now. ever so slight miss on the four year. $4.73our revenue comes at billion, a little light on the four-year revenue. the final dividends shared coming in at $.37. manus: a little breaking news, retail sales up 11.2%, 104 million pounds for the first quarter. they will update in terms of the andover impact very shortly. up-to-date with those. a tight range for the

always think there is a good cop, bad cop relationship that goes on between emmanuel macron and angela merkelreally ha rd merkel. macron at the moment taking a really hard line against the uk, a little bit of a softer tone from angela merkel. translation: i think you and i, we all must be aware that we are dealing with something of historical importance, and therefore we must also tread carefully, and above all do everything possible to the last hour to ensure that there may be an orderly exit for the uk from the eu. that means that we have to consider the interests of all sides, including those of the british, and so the discussion today with the british prime minister is, of course, very important because she can tell us how she sees things from her perspective, and then we in turn will formulate ourjudgment. angela merkel, you get the feeling that she understands the gravity of the situation right now. she wants to keep the european family together, she would much prefer the uk site to be in it but if they are not, then she wants the uk to leave with that negotiated deal, an orderly exit.

as the leader of the eu and its defender at this time of rising populism, and the chancellor, angela merkelbeen phasing out being in that position for so long. he has published in typical french flair across all of the 28 states, this call for a european renaissance. it is really to strengthen and embolden and deepening european ties. some of

germany social democrats are just some of the headliners of parades in cologne amid the festivities angela merkel every parent and leader of germany's conservatives and i think karrenbauer has come under fire for making a con of all joe. into sex and transgender people or their father in fun or for clips of. who's been to berlin recently they've got the let's say my fiance faction they're introducing toilets for the third gender this is for men who can't decide if they want to sit and watch a stand when they pay by being going to a dozen sets in motion that the right to put the quip was badly received by both l g b t rights groups as well as politicians from across the political spectrum but then deputy mayor klaus late over called the footage a travesty the chairperson of the largest party in the bundestag finds it funny to denounce groups of people who don't meet the current macho gnomes using khan of all festivities as an excuse he tweeted a shame. on the streets of cologne opinion was divided among revelers. transcendant honestly i think it's a bit overblown it's a cause of all gog just a kin

the german chancellor angela merkel is expected to speak.tle cross with some eu leaders for pushing britain so hard over brexit. it'll be interesting to see what she to say. we will hope to go back to brussels relatively shortly. i think she was supposed to be speaking earlier but she is somewhat delayed. we will take you to brussels as soon as we have angela merkel and we will have the business news shortly but first the headlines. the eu agrees to delay brexit beyond the 29th of march, after late night talks in brussels. theresa may returns to london, to try to convince mps to back her deal — she says mps have "a clear choice". and one week on from the deadly mosque attacks in christchurch, new zealand falls silent, to remember the 50 victims. time now for the business news. shares in debenhams have dropped by more than a third after it revealed a plan which could see the value of investors' shares reduced to almost nothing. the struggling department store will ask its lenders for an extra £200m to help it resist a bid by sports direct whi

. >> angela merkel those to fight orderly brexit. iron ore supplies, gathering in australia to hear about the latest outlook. the market is facing a deficit in the wake of fatal dam disasters. they say they are unable to ramp up production to fill the gap. our next guest -- >> he has over 35 years. he joins us in hong kong. thank you for joining us. i want to talk about where iron ore prices are going. i want to see how you see the market. >> it looks to me as if the world is suffering again from a slowdown. interest rates. helping all commodities. is critically important for a trade point of view. it will probably work out all right. demand will remain as what it is. there is a good, solid base for oil prices. it makes life difficult for a producer. even that is softening a little bit. you produce high-quality iron or. it commands a high price. are you seeing any slippage in demand as a result of perhaps the slowdown in china? rules chinese ecological make it more important for people to buy the high-grade. that is better for the en

and germany's chancellor angela merkel says she'll fight to the last minute to secure an orderly exit. as a cause to tional crisis looks as if they forced britain to delay its withdrawal from the east. and we bring you the story of armando the million euro racing pichon like a champion racehorse at the end of a glorious career armando's been sold for studs still fall there and feather a new generation of chimps. hello i'm terry martin thanks for joining us for the german government has start. it bidding the bidding for who will build germany's next generation mobile phone network telecoms companies have been invited to bid for radio frequencies to operate ultra fast five g. mobile networks five g. as i'm sure you know by now is the technology that would make autonomous driving possible for example on a wide scale the bitters are so far our deutsche telekom britain's bota phone spain's telefonica as well as a german newcomer united internet its brand called one and one but it has no network of its own other parts of the world five g. has already taken off in the asia pacific region the

angela merkel it is prepared to give theresa may a new deal at that summit later this week. we will very carefully followed events, follow with the british government is going to say with regard to what was stated yesterday, i cannot say anything on how the situation will present itself on thursday. >> you have to presume she will ask you for an extension. do you have any prejudice on your side? would you like cap a short extension so it doesn't affect the european elections or would july like to give them a year to sort out the problem? want, i ambsolutely very interested in having a good relationship with britain even after they have left the european union. it is in the german interest in the interest of the 27th members as a whole. i take theresa may seriously when she says britain stays in europe but will leave the european union. we have common interests because of our geopolitical situation. britain has always been a been committeds to the principle of multilateralism. we have" operation and internal security on defense but also internal security. that is why we made

this week, german chancellor angela merkel spoke with bloomberg editor-in-chief john micklethwait in . among many topics the covered , solidarity in e.u. she said the goals in e.u. are different but they can be reconciled. chancellor merkel: [speaking german] translator: each one of us has different ideas, that has always been the case in franco-german history. that's not something new. when you look, for example, at how the euro was created, that's very much a case in point. and the way that germany argued, the way france argued, has always been very different there . france has always said, or made a point for the stability pact not being so strictly adhered to or strictly interpreted to -- in -- rather look more at the bigger impact, the impact on jobs. we have always said be strict with a view to the financial effect that we will do so when we look at the capital markets union, when we look at the budget of the european union, that -- and all of the other 25, we have to persuade them. that is a very important task. john: germany first toward the european union? chancellor merkel:

gus: angela merkel talking about brexit. continue that conversation from a different angle. harm is still with us. slightly out of your bailiwick, but nevertheless the bank of england meets on thursday. you were telling me earlier that you just removed a bank of england rate hike. if there is a long delay for the brexit process, the lay bour market in the u.k. is strong and has remained strong through this whole process. is there any chance the bank may seize its opportunity and hike rates? harm: i still think it is unlikely. as you pointed out the numbers are forward looking. they look strong. our general outlook for the global economy and of course the u.k. won't be able to decupple, we're heading for more pronounced slowdowns the second half of the year. we think the wind heo of opportunity just from that perspective is closing. also even if you get an extended delay of article 50 of the brexit, there is still this uncertainty what it brings. that's why i do think in this case you just lined out, it is unlikely the bank of england will hike rates. gus: can i relate this s

chancellor angela merkel's warn the germany could be isolating itself when it comes to joint european defense projects the german leader says berlin is in danger of becoming an unreliable partner after a banned weapon sales to saudi arabia. joint european projects require reliability between partners otherwise would be viewed either as morally arrogant as incapable of compromise a self-imposed ban on selling arms to riyadh came into effect in october last year and impacted on deals made by the u.k. and france with saudi arabia with both european nations reliant on german made technology merkel's urging a compromise be found but she's facing pressure from her coalition partners for stricter regulations let's get some insight now from a member of germany's left party. welcome to the program been any kind of reaction to the chancellor statement the berlin could be isolated from future defense deals . well the left party opposes any such deals because we think that germany has exported far too many weapons and far too many nations all over the walt if you look at the conflicts in mexico w

nejra: and in a time of political stress, german chancellor angela merkel speaks exclusively about the importance of stability. chancellor merkel: [speaking german] translator: we have to strike a compromise. nejra: that's all straight ahead on "bloomberg best." hello and welcome. i am nejra cehic. this is "bloomberg best," your weekly review of the most important analysts and interviews from around the world. let's start with a day-by-day look at the top headlines. the week began with major news in european banking as deutsche bank and commerzbank officially opened discussions on a possible merger. david: deutsche bank over the weekend confirmed it will enter into an agreement with talks with commerzbank. the combined entity would have over $2 trillion in assets and a market cap. give us your best argument for why this merger might make sense. matt: i have been talking to a number of analysts, a number of investors, and not a lot think the merger does make sense, but they all say deutsche bank and commerzbank have to cut costs. one way would be to shut down a lot of the branches they

angela merkel got into hot water with an ill-advised carnival joke. >> it is carnival again in germany. time for beer,r, candy, costumes and political satire. president trump, germany's diesel scandal, plastic pollution and demise of social democrats were some of the headlines of one parade. amid the festivities, angela merkel's heir apparent has come under fire for making a carnivale joke about transgender people. >> who has been to berlin recently? they have that faction there. introducing toilets for the third gender. this is for men who can't decide if they want to sit or stand when -- when they pee. the quick was -- quip was ill received. the footage was called a travesty. the chairperson of the largest party finds it funny to denounce groups of people who do not meet the current match on norms -- macho norms. on the streets of cologne, opinion was divided among revelers. >> honestly, i think it is overborne -- overblown. it is a carnival bag -- carnival gag. they say anything goes at carnival. floats and candy have been packed away for another year. these comments could haunt the

coming up, she is angela merkel and she spoke to bloomberg.ght to the very end for an orderly brexit rit our exclusive interview with the german leader is next -- brexit. our exclusive interview with the german leader is next. ♪ >> angela merkel says she will fight to the end for an orderly brexit. she spoke exclusively to the bloomberg editor. >> we will very carefully follow britishwith the government is going to say with regard to what was stated yesterday. onannot say anything thursday. >> she is going to come and ask you for an extension. do you have any prejudice on your side? would you like to have a short extension or give them a year to sort out the problem? >> what i absolutely want to do, i am interested in having a good relationship with britain even after they have left. it is in the german interest and the interest of the member states. i take theresa may seriously when she says britain stays in europe. we have common interests because of our geopolitical situation. britain has always been a country that has felt very much commit

and you have —— angela merkel was there along with china's xi jinping.serious and shoot —— issue where the chinese have bought out the italians, the italian far left and far right government have sold off their country to the chinese by signing up to this belgian road crate —— trade complex which subjugates them to chinese interests. and huawei, a huge toco provider, the americans particular services and the brits are worried about the security of our telecom system and our internet system through waterway and britain and germany in particular have been relying on the chinese state company to develop 5g technology. —— our internet system through waterway. the issues being raised by the regular or not about the chinese government but through the systems and processes that waterway have put in place growing so rapidly as a business that under that kind of governance and security that you need to put in place in investing in that rather than growth is what they are flagging is the issue which i feel can be any business. last paper to look at, 0le gunnar sol

here is angela merkel calling for the u.k.o call for clarity on how it wants brexit to proceed. >> we agreed that should britain approve the withdrawal agreement next week, we will defer the date for the u.k. leaving the u.e. to may 22. this means we will have to wait and see what the house of commons decides. we have avoided a disorderly no deal brexit on march 29, but these are very short deadlines, so once again, britain will have to make clear which path it wants to take. this discussion has proved once again what has been the case for the past two years, that we 27e.u. member states will act together and with unity. phil: let's hear from the e.u. council president, who welcomes the unanimous decision to give britain more time. >> with regard to brexit, the european council formalized last night's decisions by the e.u.27 and the u.k. to delay and allow for an extension. this morning i'm really happy about this development. as i said yesterday, it means that until april 12, anything is possible. a deal, a long extension if

date with some other stories making news around the wild the government of the german chancellor angela merkel has extended an embargo on weapons exports to savia arabia by six months the ban started last october following the murder of saudi journalist jamal khashoggi the movers faced opposition from conservatives within the german government and. because it impacts joint defense projects. a probe into the fatal crash of a boeing seven to seven max. has reached a preliminary conclusion that an anti stored system was activated before the plane hit the ground according to the wall street journal newspaper the findings were based on flight recorder data analyzed by u.s. investigators. the death toll from a massive fire in a high rise building in the bangladeshi capital has risen to twenty five a day off the blaze firefighters are still searching through the charred remains of the building police say they're investigating allegations that the structure lacked adequate fire safety features. it's been two weeks since cycling i die smashed into mozambique's coast one in seven hundred people have bee

the government of german chancellor angela merkel has extended an embargo on weapons exports to saudi arabia by six months of the ban started last october following the murder of saudi journalist jamal khashoggi the move has faced opposition from conservatives within the german government and from e.u. partners because it impacts a joint defense projects. three ressam auction tiger cubs have made their public debut at the wrong in sydney australia sumatran tiger classified as critically endangered with as few as three hundred and fifty remaining in the wild their natural habitat has been devastated by illegal wildlife trade and jungle clearing of palm oil plantations. swedish climate activist greta berg is here in berlin to take part in the friday's for future march which she founded the sixteen year old is amongst thousands of people skipping class to march for action against climate change the demonstrators need their read to berlin's government district chancellor angela merkel has expressed support for friday's for future which is being has more than twenty cities across the count

together with german chancellor angela merkel and commission president. is cautious about china's multi-billion year old belt and road initiative also called the new silk road project it's aimed at bringing china closer to other partners internationally and making it a stronger force in global trade and paris the europeans made a strong appeal to china to cooperate. we have to have trust in multilateral cooperation and the fact that everyone wins multilateral cooperation does not work if one partner is another partner we have seen that before and that's why i'm a firm believer and convinced it's worth fighting for it. duff it to kim. she responded that the e.u. and china should advance together despite this trust that has recently hidden that progress that includes business with chinese telecom equipment maker who are way which has been accused of being in beijing's pocket the u.s. has banned to take giant from its domestic infrastructure projects. the e.u. is also currently discussing whether or not to allow the chinese company to help build its new five

and germany's chancellor angela merkel has said she will fight to the last minute to secure an orderly exit this as the speaker of the house of commons in the u.k. has ruled out a fresh vote on the price of deal unless substantial changes are made to it. up next d.w. news. they sure with melissa tread all that and more still to come come. to. earth first. first clinton was. gore's grand moment to run a joint during a tangle on her journey. you know we're going to return to iraq and the writing returns home. the floods have taken everything. now despair the. climate refugees. they seek shelter. but. the floods come. continue to dog. this is. coming up on the program superheroes are fun and fantastic but often have traumatic origin stories in india we meet a woman who inspired a comic book with her story of survival and. spectators love it but is this culture for cruelty we take a look at camel wrestling and talk stunt. plus reeve soft cambodia rich with marine life but scientists worry it destruction in the food chain poses a threat to this habitat.

chancellor angela merkel excuse me said that multilateralism is is the only only works if there is mutual trust multi-lateralism really being the word of today really being that the approach that all leaders seem to want to take ok so the president marc ross has been one of them the largest of voices in europe when it comes to cautioning about dealing with with china so. he's having to balance two things here the chinese have the money but we also need to be a little bit careful about how well can we make them in the house. that's right everybody wants a slice of the trade pile when it comes to china china is europe's biggest trading partner and no individual countries nor europe as a bloc really want to give that up obviously they are walking that fine line between fears of security and and the chinese take taking over the global the global stage i suppose you could say there are concerns with that and it is a fine balance but as you saw yesterday mccall signing the three hundred aircraft air bus deal they're not willing to give up those trade deals so. some sort of united policy does ne

will be extended to may twenty second well at the end of the summit in brussels german chancellor angela merkel called for the u.k. to provide clarity on how it wants briggs it to proceed. we agreed that should britain approve the withdrawal agreement next week we will defer the date for the u.k. leaving the e.u. to the twenty second of may. was to start by and sponsors my friends she hadn't given us means we will have to wait and see what the house of commons decides we have avoided a disorderly no deal breck's it on march the twenty ninth but these are very short deadlines so once again britain will have to make clear which path it wants to take . the most patient biggest on in the this discussion has proved once again what has been the case for the past two years that we twenty seven e.u. member states will act together with unity. the i know that we should combine some well meanwhile donald tusk the e.u. council president welcomed the european union's unanimous decision to delay brags that here's what he said a short while ago in brussels. regarding drugs it also formalized last rights deci

centers on germany's defense spending president trump has been pressing the german chancellor angela merkel to meet natives goal of allocating two percent of g.d.p. to defense the german cabinet approved a key points of its federal budget today but the new least figures show defense spending still after nato is target but this comes as a disappointment to some of the countries allies and has triggered more controversy . u.s. ambassador to germany richard grinnell is continuing to raise tempers in berlin on tuesday he accused the german government of quote reducing its already unacceptable commitments to military readiness unquote calling it a worrisome signal to germany's nato allies and fact the new budget features a small rise in both absolute military expenditures and the percentage of german g.d.p. spent on defense but those outlays aren't enough for grinnell or his boss u.s. president donald trump germany is well sort of the two percent target agreed to at a nato summit in two thousand and fourteen and expenditures in coming years are set to remain twenty five billion euros below what

chancellor angela merkel has warned that germany could be isolating itself when it comes to joint european defense projects the german leader says berlin is in danger of becoming an unreliable partner after abound weapons sales to saudi arabia. joint european projects require reliability between partners otherwise he would be viewed either as morally arrogant or as incapable of compromise and self-imposed ban on selling arms to riyadh was introduced in october last year and affected britain and france which both need german parts to develop their weapons germany's decision to hold sales was in response to the death of a saudi dissident journalist jamal khashoggi allegedly killed by saudi arabia and the burkle is urging a compromise be found but she's facing pressure from her coalition partners and stricter regulations. we heard from a member of the left party in germany who believes chancellor merkel is trying to keep up traditions. i'm going to marcus ponty it's a matter of historical record that it's in the back of. us who have paid for election pain so that is the interest that she is r

some of the blokes key players the austrian chancellor and the head of germany's biggest party angela merkel success at the christian democrats are among those rejecting his ideas on a tease peter looks at what they took exception to. if french president or manual mccrone was hoping that fellow e.u. leaders would support his new vision for the future of europe his european renascence as he called it well he may be a little disappointed austrian chancellor said busty and could says the latest to criticize micron's plan saying it's utopian and comes with too many rules as it to me i believe that many of the suggestions are utopian. plead for europe with as few rules as possible. so what is my crime put forward that doesn't like well he's proposed creating a whole load of new e.u. agencies including one that would police campaign financing in elections in member states he also wants to see more and more centralized powers for a shingle and border force and has even a plan there for an e.u. minimum wage mark or once in an agency for democracy that's ridiculous i mean we have democracy you should

haidi: that was angela merkel speaking exclusively to john micklethwait in berlin. with us is business professor and a former fed governor, randy kroszner. banker, howcentral difficult is it for the bank of england and all policymakers who are grappling with the potential repercussions of brexit, both on the european side and on the u.k. side, to make any decisions given that the most likely scenario is another kicking of the can down the road two years after work started on this, mind you? randy: i think the bank of has been crucial and the continued success of the british economy. we focus on all the political chaos, but if you look at how the u.k. economy has done, it has done reasonably well. the unemployment rate is quite low. investment is low. that is true throughout all of europe as well as much of the rest of the world. and the reason -- one of the reasons there's been so little impact in the short run on the u.k. economy has really been because the bank of england provided a lot of support. so they have got a lot of planning that they are doing, thinking a

this morning, smiling, angela merkel, visibly relieved.ith emmanuel macron, with a satisfying air. one eu leader said he slept well last night for the first time since the brexit saga began. the reason they have given the uk a little more time, but set a definite deadline. decisions must be made before european elections happen in may. translation: if a country wants to leave the eu, it would be beyond strange for it to still participate in the european elections. this is the prevailing view amongst my fellow leaders. what eu leaders have done is give the uk three weeks to come up with a clear decision, either the uk must be out of the eu by the time european elections happen in may, or commit to taking pa rt happen in may, or commit to taking part in those elections if it wants to stay in longer. for eu leaders, this is about insulating themselves and their elections from the fallout of brexit. mrs may texted eu leaders this morning to say she was skipping the rest of this summit, heading back to westminster as a matter of urgency. during

here in berlin german chancellor angela merkel is addressing the global solutions summit is being prepared ahead of the g twenty summit coming up in june in japan let's listen in. on the national stage we sometimes have a difficulty to understand what chad responsibility means we here in the federal republic of germany as you know have a federal system. sometimes it's not all that easy so you see at the local level a local authority is you see them trying to bring about some kind of community of chaparral use with the lender level or the regional level of the national level and if you wish it would also hold on to deny and in an incredible challenge. so does our slogan. hardly knowing clover like i did note up and for may perhaps only a few dozen times larger in my life in the proper mental. each and everyone can read about it all was understood to be a pulse and that's a good mind to miss that unfolds all but do you need this. ability of a. good old. act. into acting all. this energy. only imo it's fun for them it's quite a bit of dns we have. to learn sign off on the. aisle to go make an

i have heard that angela merkel and donald tusk today are seeing they have got to go on down to the wireo get this thing sorted out. i guess what that means is if parliament... the eu will get together with the prime minister just before will get together with the prime ministerjust before departure day stop if not they are into planning for no deal, trying to mitigate the damage of that in the short term. the focus then it will be on how can we protect the eu from damage. the focus then it will be on how can we protect the eu from damagelj the focus then it will be on how can we protect the eu from damage. i am afraid they will be less worried about the damage for the uk. do you think from your soundings in european capitals that a no—deal brexit is something they are taking very seriously and they can contingency for? opposite they have been talking about contingency arrangements, do they think they now might have to implement them? absolutely. i heard the french saying, we are absolutely. i heard the french saying, we are now absolutely. i heard the french saying, we are now prepared

merkel was angela speaking with bloomberg editor in chief.ing up, more of the week's top business news and more compelling conversation. says exportsetary could multiply when a trade pact is finally signed with china. executives discuss the deal that brought them together. >> this transaction was not primarily price oriented. >> it is just about us delivering for our clients. that is it. >> this is bloomberg. this isn't just any moving day. this is moving day with the best in-home wifi experience and millions of wifi hotspots to help you stay connected. and this is moving day with reliable service appointments in a two hour window so you're up and running in no time. show me decorating shows. this is staying connected with xfinity to make moving simple. easy. awesome. stay connected with the best wifi experience and two-hour appointment windows. click, call or visit a store today. >> this is bloomberg best. while the u.s. and china face up the ghost to a comprehensive trade agreement, progress has reportedly been made on some fronts, notably

hosted angela merkel on one of the days he wrote a check. talking about tax cuts. and november 21st, pardoned the turkey. there's that aspect about it. it's interesting the juxtaposition of doing the job there. and there's also the legal roadmap that these checks might provide. speak to that. >> here's what the big dispute is going to be over these checks. were they reimbursement or were they a retainer. rudy giuliani has said this is the standard fee a client would pay to an attorney every month. but when you put it in the contest of the president is going through these weighty issues of angela merkel and the turkey pardon, he's taking time out to deal with these checks, that would be automated, it would be through your corporation, it wouldn't be something the president himself would take time out, distract himself from the real business of state and cut a check from something that was really on his mind. it's circumstantial evidence, but it could be key to resolving this dispute. >> carrie told us in the last hour, when you're president you don't need to pay $35

german chancellor angela merkel there now does your digital assistant speak your mother tongue that's the challenge for many smaller language groups google and amazon assistance become more common in people's homes and it's also a very relevant challenge with maybe artificial intelligence up occasions depending on speech recognition now a group of danes is tackling the problem. of have you ever tried talking to syria in a language other than english you might find it has no idea what you're talking about that's nothing new for many genes it can't manage that one. if it works in english. siri and similar apps and devices might seem all knowing but when it comes to recognizing danish they suddenly are a bunch of dumb dumbs as the danish minister of health sophie looter demonstrates their maigret except for people really i was treats our language is a barrier when using artificial intelligence. that's why the danish government is investing in a digital language database costing around four million euros. it will provide a language standard for danish authorities and public companies can

towards europe without alienating a valuable economic partner mccomb together with german chancellor angela merkel and e.u. commission president john krebs is cautious about china's multi-billion euro built in road initiative the new silk road project in parrots the europeans wary of chinese dominance made a firm appeal to beijing to cooperate in the movie. if the more legs of says that we have divergences obviously in the history of humanity power does not go without rivalry none of us are naive but we respect china and we're determined to have dialogue and cooperation and naturally we expect our great partner to also respect the unity of the european union in europe in. she responded that mistrust hinders progress referring to concerns in the e.u. when chinese companies want to take over european firms or when the american government tries to take competitors like who are way out of the picture in europe . good sources of course there are differences and competition but it's positive competition we shouldn't let suspicions lead us to be constantly looking backwards . and mccall want all e.u. cou

what will germany look like without angela merkel? lot of old leaders stepping down? the transformation is not necessarily economic on a same sort of scale. everyone has become comfortable with merkel, she has been around a long time, and we know how ideas. we will be looking at someone we have to reevaluate, but i do not see an enormous shift in german economic policy in the near term , or in the structure of the eurozone. the biggest cloud over europe remains the insanity of brexit but i hope this will be dealt with relatively quickly. tom: ian shepherdson, thank you so much. david folkerts-landau on our london desk. up, ae much more coming busy morning, particularly in paris. this is bloomberg. i amu-china summit, and happy to see that china has reacted so positively. in september 2020, we will be organizing a full summit, all of the member states. ♪ ♪ "surveillance," good morning to global wall street. francine lacqua with david folkerts-landau. pieceraordinary research harkens back to a thoughtful piece decades ago, and i would l

they will ask angela merkel for coverage? chad: chancellor merkel is being chancellor merkel and holding back and not letting anyone know where she stands. this is making deutsche bank and commerzbank nervous. we hear that in formal tax has been advanced in there is no official announcement, that they're trying to get merkel lined up the hind closed doors to say that she would back job cuts they would need to take in order to make the merger makes sense. we hear from sources we are looking at upwards of 30,000 job cuts. most would come in germany. these are germany's largest listed ranks. any hit to jobs would come here. labor leaders have come out on the record this week, the we have no official announcements from the bank, to say they oppose any merger. you have the finance ministry quietly pushing the deal, we hear from sources. merkel is the person in between. without her approval, this will not move forward. the german government owns 15% of the biggest shareholder in commerzbank. without her approval, they cannot move fo

of the deal, but we suspect you know —— angela merkel knew which way it was going.a defeat, and of course there has been, this time we can hear from katia adler, there has been, this time we can hearfrom katia adler, she is in strasbourg with the eu reaction. the rejection of the deal makes the possibility of a no—deal brexit even more probable, even if parliament voted to avoid a no—deal brexit, you will need to unite around something evenif will need to unite around something even if there is an extension, short or long. what is the guarantee that a solution can be found. the eu says it will be continuing the no deal preparations, and it is open for a request from the united kingdom for an extension, for delaying the brexit date, but the eu says it wa nts to brexit date, but the eu says it wants to know very clearly from the prime minister, for what purpose you would require this extension. just to give you a sense of the mood in the eu, it is a hardening mood, eu leaders want to avoid a no—deal brexit but they are not willing to do that at any price at all. lets

angela merkel and emmanuel macron have problems of their own.nuel macron has many problems back home. there are very extreme protests that pretty much take place week-out. angela merkel will be on her way out. that is one of the big concerns here. they don't want brexit to hijack the political agenda and turned the european elections, which they need to reset their own political agenda, into another eu yes or no. that emergency summit has not been confirmed yet, but i have heard many experts today that we seem to be headed for one at the end of next week, which could come maybe on brexit day or the day before. it definitely seems to be like we are headed to almost that brexit deadline before we get a resolution to this. guy: why make it easy? maria, thank you very much. maria tadeo joining us from brussels. as we can see, it looks like the meeting is now underway and behind closed doors. we will continue to monitor events from that summit. we are expecting there will be a statement from prime ministers theresa may a little bit later on. of cours