german chancellor angela merkel has made a trip to bavaria to meet with the states leader, markus soderit is feeling speculation that soder might be a candidate to succeed merkel as the german chancellor. you are watching dw news from berlin. after a short break, i will be back to take you through "the day." tonight, 5g, china, and the new cold war between beijing and washington. we will be right back. ♪ [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org]

he made the comments in a call with angela merkel.egotiations are start. -- stalled on key questions. global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. matt: asian stocks, mixed. chinese stocks putting up some strength. european and u.s. futures are retreating as concerns linger over the economic impact of the coronavirus. let's get into the markets right now with laura cooper. especially on a day when we are 3%king about hsbc being down and the possibility of the u.s. trying to rex the hong kong dollar peg, why are chinese markets doing well? laura: at this stage, it's more a case of words rather than action. proposals will not materialize. there's a number of reasons for this. first, the technical difficulties of reaching an arrangement with the hong kong monetary authority. if we go to previous episodes, 1997 with speculator kong selling, the hong authority is a powerful force in maintaining that. fact that the hong kong monetary authori

mention of the welcome back if you're just joining us you've seen a german chancellor angela merkel there addressing the european parliament as germany's and taking over the rotating you council presidency we heard chancellor merkel talking about the shared values and every listen to the commission president from the line of finance. we truly look forward to the beginning of the german council presidency you don't choose council presidencies of course they are allocated a strict road. germany has it during the times that with challenges that nobody could predict these expectations of german the german presidency are high but that is a positive thing because it means that we place our trust in. ladies and gentlemen the credit crisis has caused so many things into question on the economic side for the social side. and so many things that we have been taking for granted the way we perceive ourselves and the way we perceive the relationship with us for all of this takes place against a backdrop when the structures that have existed for so long become making. gradually fragile. we are called u

angela merkel wants a quick deal. can she get it?e, that is question, the reason why she is here today, speaking before the european parliament to pitch the , 750 billionhis euros of which will be handed out. she will repeat the same arguments she has been repeating for weeks, the fact that this recovery fund will help to kickstart the economic growth in the european union but also protect the single market. you can look at this as a gesture from angela merkel. ultimately this is a country that -- that is what angela merkel has been stressing at this point. whether we get a deal next week in the european summit will depend in many ways on the frugal four, in particular the dutch prime minister, who is playing hardball and it is paying off in polls. he is doing well at this point. if you look at the european commission, they argue a quick deal will be good for the european economy. there could be serious divergence in the economy, a two-tier recovery, if we don't get a quick one done. but it is not guaranteed that we will get a deal n

whether grants or loans should be given to help the hardest hit member nations germany's chancellor angela merkel is presiding over the summit and she has admitted that finding a compromise will be tricky. mastodon gloves off european leaders are back in brussels for the 1st time since the beginning of the current crisis with the bloc's finances at the top of the agenda council presidential michelle expects the gauche ations to be exceptionally tough a lot is at stake the security system could you see that i know it will be very difficult because it's not only about money it's a question of the future of europe if you want a stronger more stable euro hope for certainly the whole bush to michelle has put a financial package on the table to help the e.u. economy get back on its feet in addition to the 7 year e.u. budget of more than a trillion euros michelle has proposed a recovery fund of 750000000000 euros in loans and grants. money for this fund will be bored by the e.u. on financial markets and directed toward countries hit hardest by the crisis such as spain italy and greece what's driving a w

and greenpeace activists have covered the headquarters of german chancellor angela merkel's party in black grapes with a picture of the economy minister. and the slogan c.d.u. shady deals with the coal industry the protest comes ahead of a virgin germany's parliament on day just nation to phase out coal burning by 2038 . in ethiopia at least 50 people have been killed in protests following the fatal shooting off a popular singer. was known for songs advocating for the rights of the country's ethnic group smoke was still evident. and often the cash cash is what was regarded as a voice against political and economic repression and supporters turned out in their thousands often he was killed many of them blame security forces and say his killing was politically motivated. and for more on this i am now joined by medical you and us from our africa dance to america what are you hearing about the situation in the capital at the moment. well following these days on monday you can even there were protests that erupted in that dissolve but that was nothing needed only to have some of it also e

on now in her final term as chancellor angela merkel also faces a personal challenge the next 6 months are potentially the greatest but almost certainly the last opportunity to shape her legacy pangle america had grand plans for her final performance as european leader but then came corona since the pandemic started she's used every opportunity to stress what she's up against over the coming months depending me if the pandemic with its economic downturn is the largest challenge in europe's history the. biggest crisis in the history of the european union because it's. new but it's not an exaggeration to say that we're facing the largest economic challenge in the history of the e.u. . depending on how she navigates europe's coronavirus recovery political circles not just here in berlin will be redrafting her entry into the history books. with a no nonsense no cheerleading just get it done the response both inside germany and across europe both for health care leadership and her economic leadership has made clear that angola merkel is the leader that germany and europe needs right now not

german chancellor angela merkel has called on the. night and emerge stronger from its greatest ever challenge a coronavirus pandemic. brussels to mark the beginning of germany's 6 month presidency of the european council with the e.u. in crisis mode. masks hand gestures and rather awkward head nodding have taken the place of handshakes german chancellor angela merkel's 1st trip abroad since the corona virus outbreak was marked by new pandemic etiquette as europe confronts an unprecedented threat already over 100000 european lives have been lost to the virus and alongside growing debt and unemployment the continent to seeing a marked rise in populism. this in for the pandemic can't be fought with lies and dissent from asian human nor with hatred and agitation fact denying populism is being shown its limits thank. you for the top priority of the german presidency is to ensure that europe emerges from the crisis united by just short term stabilisation of europe will not be enough we also want to europe that offers hope in a while but us

and i'm still help the bloc deal with the economic impact of the coronavirus german chancellor angela merkel is chairing the talks as germany is currently holding the e.u.'s rotating presidency she's admitted that finding a compromise why not be easy the e.u. is divided on how to assist those hardest hit by the pandemic. i'm a just sticking point continues to be a want to grey member states should share the debt burden the idea that the a you could mutual eyes debts meaning that they could borrow money as a bloc instead of individual nations has some members digging in their heels all before we go to brussels to talk to our correspondent let's take a look at italy where the industrial north has been hit especially hard by the coronavirus and the country was already heavily in debt before. masks on gloves off european leaders are back in brussels for the 1st time since the beginning of the current crisis with the bloc's finances at the top of the agenda council presidential michele expects negotiations to be exceptionally tough a lot is at stake the security system could you see that i know i

chancellor angela merkel and commission president for life on the line know and trust each other but it's the rest of the e.u. ok with 2 german to the top we go to it's really a question to both presidents it's a coincidence that 2 very powerful german women elite these negotiations about the recovery fund and you know each other a row is that helpful or is it a hindrance with respect to the other $26.00 they may be afraid of too much germany . that's why i've got we're talking about 2 dedicated europeans that's what's more important here but of course i can't forget my german interests i guess that's a safe and i'm very pleased it's 2 women in germany they had never seen a female chancellor before me had europe there's never been a female commission president and in the past 2 men of always managed with microsoft now we have 2 women have to handle it and i'm confident that we can do it right. the list of challenges is long combating the impact of the corona crisis tops the agenda for chancellor angela merkel together with french president emmanuel mccaughan she will try to push thro

is this an opportunity as angela merkel said in the press conference?nse that we are having a joint effort put together, joint debt to actually pursuejoint objectives, so it is notjust everybody do whatever they want with the money but we have to put this money and service of the common goals, so once again for me it is good news. it is not actually very new because there has been the same principle before, the money comes earmarked with objectives and spending targets, so that is not a big issue, it is actually very good news because it creates a sort of common purpose for these investments, a european target. 0n the other hand, i would say it averted the idea of linking, at least from the details and seeing on the press because i'm discovering these together with you, we averted the risk of having other type of conditions like macroeconomic conditions. these things would actually not make any sense in the present context. ok, great to get your perspective on the steel that has been signed in the last hour or has been signed in the last hourorso, we ha

i can hear angela merkel currently speaking. we will bring that to you as soon as we can.ussels. up next, silver could be propelled to multi-year highs as the worry of missteps in monetary policy increases interest in precious metal. that is the view of our bloomberg markets live editor. we will stay across everything developing in brussels as well. this is bloomberg. ♪ ♪ welcome back to "bloomberg markets: european open." justean equity markets are falling into negative territory on the stoxx 600. as we hear from angela merkel heading into the summit, she says the differences are very big. she refers back to one of the previous meetings. we cannot say if we will find a compromise this time. certainly, a less optimistic stance coming through from angela merkel than we got from emmanuel macron earlier on. joining us now is eddie vanderbilt from the bloomberg markets team. to talk to you about commodities but i am also looking at some of the way the market is positioned ahead of this summit. we are hearing different things from different people about how optimistic or pessim

angela merkel shows a united front ahead of the eu summit. the chancellor says a massive response is needed to come the follow-up from the virus. jp morgan, citigroup, wells fargo kicked off reporting season for u.s. banks. investors are braced for heavy provisions. trading revenue could be the bright spot. 6:00 a.m. inne london. 9:00 a.m. here in dubai. the defining sentiment of u.s. markets and the world will be defined by this family, jvm, bank of america, goldman sachs. do you want to take a look at the spread between gs and the rest of the banks? it is going to be confusing, sloppy, and shocking. is provisions. bank of america warns wells fargo the dividend could be toast. ficc that saves the day? this is the defining narrative on the consumer, confidence, and the outlook for the u.s. pandemic won't disappear in coming months as the total pace is 13 million, california closes its doors to indoor dining and bars, shutting its two largest school districts as hospitalizations hit a record. our guest is with us. .nd unsynchronized moment how

i'm sumi so much going to thank you for joining us german chancellor angela merkel is meeting with e.u. lawmakers in brussels on her 1st international trip since the beginning of the coronavirus pandemic in a speech to e.u. lawmakers facal presented the cornerstones for germany's you council presidency which is to be dominated by economic recovery in light of the coronavirus had them and she welcomed the e.u. commission's plan for a massive relief fund for struggling european economies it is a 2nd time that germany's taking over the council presidency with mcmichael as german chancellor. and here's what the chancellor had to say if we are willing to overcome our differences and. identified the solution so if we are just on the view well on the. nights before europe will emerge you can find this is stronger than ever if we strengthen cohesion and solidarity no one will get through this crisis alone we are always voted no. let's talk about that speech with our chief political correspondent with a crane with us here and richard walker has been reporting for us in brussels good to have you

that is when angela merkel could do.ltimately it will come down to financial contributions and money. if the dust feel they have a good deal, there is no big issue then. tom: maria tadeo, thank you so much for this first report of a busy weekend in brussels. no question it is going to be a busy weekend with that. futures up nine. coming up, this is really anticipated. david blum of hsbc later in the morning. he has been brilliant about resilient dollar. stay with us. , thisondon, from new york is bloomberg. ♪ ritika: this is bloomberg surveillance. let's get the bloomberg business flash. the transformation of netflix into a hollywood studio is complete. the streaming giant has named longtime studio operations chief ted sarandos to be the co-ceo. he will be working along with reed hastings. delivered a disappointing subscriber forecast. according to the financial times, it would prevent americans from using the video app. there's growing concern that tictoc's ability to gather data on americans is a huge security threat.

the story is about angela merkel. she's headed to brussels today.side germany since the coronavirus crisis started. she will back the 750 billion euro recovery fund ahead of a crucial meeting among the eu leaders next week. we have our intrepid reporter on the brussels trade. maria tadeo is outside the eu parliament. it's raining in brussels today. what does she want. she wants a great deal. good morning, maria. maria: she wants a great deal. that's the reason she's here. it is symbolic that she is coming here today. this is the first trip since the coronavirus started back in march. when she speaks to the european parliament today, she's going to repeat what we've heard for weeks now coming from angela merkel. the recovery fund is the best way to prop up the european economy. 500 billion euros in grants is the best way to protect the margaret. whether you believe this is a big political gesture from angela merkel or just self-preservation, germany is an economy that does depend on exports. angela merkel is throwing her entire political weight behin

i'm for welcome to the program german chancellor angela merkel has called on the european union to unites stronger from its greatest challenge the coronavirus pandemic this is the 2nd time germany has taken over the presidency of the european council with chancellor merkel at the helm speaking out the european parliament in brussels the chancellor laid out her vision for germany's 6 month term which will be dominated by economic recovery from the pandemic and she welcomed the commission's plan for a recovery fund for struggling european economies. but the chancellor said member states would need to compromise in order to sign off on the recovery fund before next month's summerbee says diffidence get mine something if we are willing to. overcome our differences and identify sched solutions if we are willing to view the world through the prism of others europe will emerge from the crisis stronger than ever if we strengthen time he should and solidarity no one will get through this crisis alone we are all vulnerable. others in 5 when. well let's go through this with the w.'s the chief politi

angela merkel has called on the european union to unite if it wants to emerge stronger from its greatest ever challenge, the coronavirus pandemic. merkel was in brussels today to mark the beginning of germany's presidency of the european council. she was in brussels with the european union in crisis mode. >> masks, hand gestures, and awkward head nodding have taken the place of handshakes. german chancellor, angela merkel's first of abroad was marked by new pandemic etiquette, as europe confronts an unprecedented threats. over 100,000 european lives have been lost to the virus. alongside growing debt and unemployment, the continent is seeing a rise in populism. >> the pandemic cannot be fought with lies and disinformation. nor with hatred and agitation. fact denying populism is being shown its limits. the top priority of the german presidency is to ensure that europe emerges from the crisis united. but just short term civilization of europe will not be enough. we want a europe that offers hope. >> merkel supports the eu's recovery fund of 750 billion euros to provide financial help, espe

germany takes on the european union rotating presidency for the next six months, angela merkel will beorking closely with her former protege. it is something of a first of two german women at the helm of the e.u. they have to make sure the other member states are on board with their agendas. >> chancellor angela merkel has commissioned her protege who know and trust each other, but is the rest of the e.u. ok with two germans at the top? >> the questionable presidents is a coincident that two very powerful driven women are at the top. you know each other very well. is that helpful or a hindrance with respect to the other 26, may be afraid of too much german? >> we are talking about two dedicated europeans. that is what is more important here. but of course, i cannot forget my german interests either. but i'm very pleased it is to. germany, there had never been a female chancellor before me and in europe, there has never been a female commissioner president. in the past, two men has always managed this. now we two women have to handle it and i'm confident we can do it. >> the list of cha

i think that is how angela merkel is explaining it.stion is whether they can take her at her word or whether they themselves assess what is going on to be ultimately a one-off, necessary emergency response to an unprecedented situation, or a sort of furtive, secretive step in a direction that they don't want to go and .e will have to wait to see if they don't go into this direction and it is ultimately needed to protect economies from a worse face come that the consequences may be more expensive for each country in the euro zone or potentially serious for the eurozone in and of itself. anna: indeed. what about italy? we spoke -- my colleague francine spoke to the italian finance minister. he said they could tap the esm if they decide to. they have not decided whether to you. he said there is no stigma attached. is there going to be a stigma attached to tapping any of this european central support that is available? know, i don't think stigma is the right word. in times gone by, when economic circumstances were more ordinary theseere we

german chancellor angela merkel was among leaders paint an entirely who led the way in convincing the blog to consider splitting the amount even legal into loans and grants. we've laid the financial foundations for the e.u. for the next 7 years and at the same time came up with a response to the biggest crisis in the history of the european union with the recovery fund the self-proclaimed frugal for sweden denmark and the netherlands initially stood opposed to the deal the group led by dutch prime minister mark grew to worried about debt levels but in the end they were also convinced this is of course difficult and the decisions in very difficult times for all your appearance and now a turn which ended in success for all 27 member states but especially for the people this is a good deal this is a strong deal and most importantly this is the right deal for europe writes no. while the e.u. has been faced with rising unemployment and industry think looting airlines and common factions lay off workers inside these walls in brussels many are hailing this and historic deal and a big step fo

and she also said the same thing let's listen what angela merkel said when she arrived here at that you summit building. with talk via last night after. we worked out a framework for a possible agreement. that that is a step forward and offers hope that there could be an agreement today or at least that agreement is possible and it's i'm very glad that we are the french president and i back in may adopted the approach of a really substantial program for this exceptional situation it is also good that was the foundation for the decisions by the commission and that's why we have succeeded in agreeing a substantial level of iran here and that is the and so we need for an exceptional situation and it was clear that the negotiations were going to be tough and they will continue to do that exceptional situations require exceptional effort for the also has been a challenge playing. exceptional situations but you know what do you think those comments are really. it's interesting what i'm going to merkel sat here because we heard that your council president shall michelle propose to han

given out by governments as a grant or as a loan of the start of the day the german chancellor angela merkel said she wasn't even sure if a solution would be found in her to indian today we are entering the 3rd day of negotiations and it is certainly the decisive one the various issues the size of the fund the way it is managed and also the issues of the rule of law have now been well dealt with whether they'll be a solution i still can't say there's

later in the day german chancellor angela merkel switched her tension from domestic to international politics returning to berlin and to host the spanish prime minister at their meeting ahead of a crunch e.u. summit merkel warned that time was running out to reach a deal on the long term budget and a coronavirus recovery fund for europe she said that germany would push for a compromise agreement at this coming weekend meeting sanchez said that spain would do all they could to make a deal happen. don't forget you can always get news on the go just download from google play or from the app store that will give you access to all the latest news from around the world as well as push notifications for any breaking news and if you're part of a news story you can also use the app to send us photos and videos of what's been happening. you're watching news from burlesque don't forget you can also follow us on twitter and instagram at studio the unit i'm guy raz. thanks so much for joining us. on a meal and i'm to complete the 2nd season of only $0.02 on the planet on the brink of disaster we j

recovery fund it aims to help the bloc rebuild from the coronavirus endemic german chancellor angela merkel chairs the talks as germany currently holds the e.u. council's rotating presidency and she's admitted that finding a compromise won't be easy the key sticking point is whether the money should be given to countries as grants or loans the main proponents of lending the money are the so-called frugal for austria sweden finland and the netherlands. much as following the meeting and brussels for us welcome a clear statement from chancellor merkel they're going into this crucial in u. summit can you tell us a bit more about the competing views on this massive fund that is dividing the union or the gulf between the positions is is really is wide and huge you have those on the one hand who would like to see rather long stem grants given to the countries in the south of europe those that have been hardest hit by the corona crisis and then you have countries in the north the so-called frugal countries including the netherlands denmark but also sweden to some extent also finland who have said l

bridging the gap between the 2 opposite camps is proving to be a major challenge german chancellor angela merkel was that a deal might not be reached today begin in today we are entering the 3rd day of negotiations and it is certainly the decisive one for the various issues the size of the fund the type of control and also the questions of the rule of law have now been well dealt with i still can't say whether a solution will be found there is a lot of goodwill but there are also many positions and so i will support them but it may also be that no results will be achieved today so it's a crime against them. well let's go straight to brussels now and who's standing by for us marina somewhat cautious on the merkel there is there any sign of agreement yet today. merkel and her french counterpart in one room across our i have to earlier at the summit building today and there were pictures of them circulating on twitter saw them signing them discussing with your commission president and you council president that is interesting because both leaders are taking the lead here in these discussion of this

this is the news here's a reminder of our top stories at this hour germany's chancellor angela merkel is chairing an e.u. summit in brussels aimed at bridging differences over a corona recovery plan member states are deeply divided over the conditions for handouts from the 750000000000 euro from. watching you know you news from berlin i'll be back at the top of the hour with an update for us from the other team thanks so much. come bearing the corona pandemic. where does research stand. what are scientists learning. background information and news. in our corona update. covert 19 special next on d w.

german chancellor angela merkel has made a trip into bavaria to meet with the state's leader marcus the very public get together is fueling speculation that there might be a candidate to secede merkel as the german chancellor. you're watching t.w. news from the berlin after a short break i'll be back to take you through the day tonight 5 jean and the new cold war between beijing and washington will be right back. or. do. we know that this is very time for the coronavirus is changing the world changing our lives so please take care of yourself keep your distance wash your hands if you can stay at how we are d.w.p. press here for we are working harder with us and to keep you informed on all of our platforms we're all in this together and together we're making. to save everybody stays in status and stay safe please stay safe. i'm not laughing at the germans well i guess sometimes i am but mostly i'm nothing with a trip to the german think deep into german culture. new jersey take this crown a day out to eat it will that. next time rachel join me anything at the top post. is from me. is for

but it wasn't to be negotiations ended a day earlier than planned and german chancellor angela merkel raised the possibility of the transition period ending without an accord. me fighting for and we can all continue to fight for a good solution but the e.u. and germany must and should be prepared in case we don't reach an agreement on the . major sticking points include fishing rights defining a level playing field for businesses and the role the european court of justice could play in enforcing any agreement. the stakes are high without a deal economic ties will resort to world trade organization standards meaning high tariffs close us and even more disruption to businesses everybody struggling because of the pandemic companies are understandably rather pessimistic. i recently surveyed by the german british chamber of industry and commerce find that only 8 percent of businesses expect a comprehensive free trade agreement to be reached by the end of this year. and let's get more now we are joined by the director general of the german french chamber of the industry and commerce in lond

this is the dublin users are mind off the top story at this germany's chancellor angela merkel has been outlining goals and expectations for our country as it as a 6 month stint heading the presidency she said any plan for the economic recovery from the impact of the. needed to be sustainable and to benefit everyone. don't forget you can keep up to date on our website that's when you can follow us on twitter and instagram as well as. i'm british founded you know back in 15 minutes with. the the. eco africa. back to the future when cinci com has become wondering how. it's possible to cope with an instrument. africa above this roof then stingrays a plan to keep soil from becoming defensive and pretend it's the habitats of wild animals shedding an ancient skill that's contributing to a sustainable future eco for the. next doubling. is a master of the art of confrontation and this is growth a measure of verbal combat doesn't mean you're going to see very odd slightly fun to spew to champion of so full of the cool talk of trying to frighten people you know so far coming from the other side t

well later in the day german chancellor angela merkel switched her attention from domestic to international politics returning to berlin it to host the spanish prime minister at their meeting ahead of a crunch summit merkel warns that time was running out to reach a deal on the long term budget and a coronavirus recovery fund for your out she said that germany would push for a compromise agreement this coming weekend meeting sanchez said that spain would do all they could to make a deal happen. well soccer news now and manchester city coach pep guardiola has lashed out at rivals across europe this after the international court of arbitration for sport on monday overturned a 2 year ban on man city from the champions league it was a widely criticised decision calls it a good day for football. there will be a champions league next season because when we did we did it properly that is the manchester city view of a hotly debated topic in europe indeed around the world how can european football's governing body you wafer level the playing field financially so that it's not only the really really

chancellor there me just be a new front runner and he's from above area today german chancellor angela merkel held a very public get together with mark was the leader of bavaria and that has much of germany and europe asking is he the one also coming up tonight france celebrating bus deal day the coronavirus version. ceremony was held in paris today paying tribute to the nation's health care workers and ravaged by decades of conflict somalia's capital is now confronting the coronavirus we'll tell you who's keeping the people safe in mogadishu. i'm burnt off it's good to have you with us we begin tonight with a little get together in germany with big political overtones german chancellor angela merkel was down south in bavaria today do attend a cabinet meeting of the state government there she was invited by various state premier markers and that has political observers all the bugs tonight they say that the meeting might have been something of a job interview is to decide if senator would be a good candidate to succeed merkel as german chancellor. the bavarian palace of have a beautiful and r

news live from berlin tonight in the race to succeed german chancellor angela merkel there may just be a new front runner and he's from but there today the german chancellor held a very public get together with marcos the leader of the various now much of germany and europe are asking is he the one also coming up france celebrates still day the corona virus version. was held in paris today paying tribute to the nation's health care workers plus it's a cultural treasure trove but it's in need of a serious make over a new study finds that the art and artifacts in germany's valuable question cultural institute are not getting the attention they deserve. i'm bringing off it's good to have you with us the money is there but the time is running out that is the message tonight from german chancellor angela merkel she is lobbying other european leaders hard and heavy to support the european union's long term budget and a coronavirus recovery fund for europe during a news coffee. since today with spanish prime minister petro sanchez here in berlin merkel said that germany will push for a compro

and germany's angela merkel with a pretty blunt warning about president trump's handling of the kroen. try wayfair. you got this! ♪ ♪ perfect. -you're welcome. i love it. how'd you do all this? told ya! wayfair. let's talk dining tables. yes! blow it up. ♪ wayfair you've got just what i need ♪ so are we. prudential helps 1 in 7 americans with their financial needs. that's over 25 million people. with over 90 years of investment experience, our thousands of financial professionals can help with secure video chat or on the phone. we make it easy for you with online tools, e-signatures, and no-medical-exam life insurance. plan for better days. go to prudential.com or talk to an advisor. plan for better days. are you currently using a whitening toothpaste, but not seeing results? try crest 3d whitestrips. its enamel-safe formula lifts and removes stains to provide 100% noticeably whiter teeth or your money back. try crest 3d whitestrips. balanced nutrition for strength and energy. whoo-hoo! great tasting ensure with 9 grams of protein, 27 vitamins and minerals, and nutrients to support im

angela merkel's mantra was always for european partners to live within their means but then came corona and with it what she calls the biggest challenge post-war europe has faced reason enough in her mind to abandon 12 years of thrift and use the german presidency of the e.u. to its best advantage. what we want now the recovery fund or the next generation a new program it has to be staggering something special because the task at hand is huge so the answer has to be big as well. and some analysts say what changed her mind was the indiscriminate nature of the pandemic that the countries who need the most help did not bring about their own misfortune she realized ok 1st it's an issue of solidarity a real human solidarity not a political one but then 2nd also on the political level to hope those governments are already close to or of through an economic bankrupt due to the shutdown of their countries and their economies but how much of merkel's mission is altruism and how much in light and self interest because germany remains the main source both for import and export goods for a majority

chancellor angela merkel urged the eu to rise to the biggest challenge in its history, and come to anry plan. merkel spoke to the european parliament, calling for a compromise from all sides, as germany takes on the eu presidency. merkel has been blunt about the scope of europe's economic fallout, even as the eu wrestles with jeep little tensions with an emerging chinese superpower and u.s. retrenching under president trump. to talk about this, we are joined by sudha david-wilp, deputy director: berlin, german marshall fund of us. thank you for coming back to the program. let me ask first, what do you is as sheel's goal takes over the eu presidency? merkelyes, under the finds herself once again in a leadership position, not just herself but also the country. a few years ago, she had the foresight to say europe may have to take its state into its own hands and cannot depend on others. i think she met the united states. germany and europe find itself great between these two powers, the united states and china, and the question is if europe will be united enough to chart its own destiny.

this is bloomberg. ♪ t,matt: --matt: alrigh first off, angela merkel speaking.what you've heard the last couple of days. she's still pushing for this massive agreement. she really wants it. it's her goal. recovery fund negotiations are rocky. you've got the frugal four. that's a problem for her. said she is linking this to climate protection. it's going to be a driving force for esg, which has to help her a little bit get it over the line. she says europe needs digital sovereignty to compete globally, maybe a slap at u.s. tech firms. any case, we'll keep an eye on any news news -- new news. there's a possibility in the u.k., not just going to pubs and bars tomorrow, but you're going to be able to write -- ride e-scooters there. the governor hopes it could lead to cleaner air and healthier communities. many of the world's biggest rental companies plan to roll out fleets across the u.k., including sweden. for me, hard to believe they weren't allowed because i'm so used to using these in berlin, frankfurt, and germany. but i recommend britain's try them. we're goin

guy: angela merkel and the official head of europe at the moment. when we look at the prospects of investment in europe, we have our guest from morgan stanley. greg, thank you the time -- thank you for taking the time for being with us. a lot hinges on what happens next in europe, because the way you approach of -- the way you approach a global investment portfolio. we will see a summit in a few days on the 17th and 18th which we will -- which some help will nail down the program that angela merkel was talking about. this is a substantial program which is designed to help europe's economy recover but it is becoming more likely that we will not get a decision. if you are sitting on wall street now and you are thinking of taking money out of the united states, how critical of a decision is that in terms of your thinking when you look at what's going on with european politics? afternoon and good morning everyone. it is critical from a medium-term perspective that this happens. it's not critical that it happens next week but it is critical that happens