that we do so of course with armin as our future chancellor. >> and u.s.mala harris says stability of asia is crucial importance as she kicks off a five-day visit with southeast asia with strained relationships with china. >> we reaffirm our enduring relationship to this country and in this region and to re-enforce a shared vision of a free and open enindo-pacific region. ♪ >>> let's check in on european markets a solid day of green as you can see across the board nice handover from asia, bit of a break from some of the price action we had last week where many of these global stock market indexes were witnessing heavy, heavy declines starting with asia with indexes there down anything from 3 to 5 percentage points. the stock 600 in the uk was down about 1.5 percentage points. things are turning around slightly if not fully recovering the losses from last week. the ftse 100 just about 7,100. we managed to breakthrough the 7,100 level up about .3 percentage point all eyes on sainsbury. up about 12 percentage points. so right at the top of the stock 600. we j

burning question going into this tv debate was i going into this tv debate was whether armin laschet,rty, could stem the decline in his popularity that appeared during the campaign, withjust popularity that appeared during the campaign, with just four weeks to go until such a crucial election. it appears he could not really. what happened was as the debate got going, the green party candidate attacked the conservatives's record on climate change and it came one month after personal embarrassment for armin laschet when he was seen caught on camera laughing behind the president's back as he was consoling flood victims in the deadly floods in germany that killed around 180 people. he attempted to address this slip in his popularity. metabolism to what he said. translation: i have always _ to what he said. translation: i have always felt _ to what he said. translation: i have always felt headwinds, - have always felt headwinds, even — have always felt headwinds, even now, don't we all feel it, the wind — even now, don't we all feel it, the wind of— even now, don't we all feel it, the wind

waiting for the press conference from armin laschet. it's get to laura wright.uble dip recession with a rebound in consumer spending despite virus restrictions. the outlook still depends on its vaccination program and how it handles the latest wave of the pandemic. the government will extend the virus emergency in tokyo until mid-september. hopes are fading of the world will reach heard qom -- herd immunity. the original thinking was that the pandemic would receive 170% of the population was vaccinated. but new variants are moving the goal posts. the director at the mayo clinic said even if a vaccination rate of 95% was reached, it would not be enough. 1300 people have died as a result of a massive earthquake off the coast of haiti on saturday. the u.s. has sent rescue teams. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. francine. francine: laura wright and london. the latest on saturday around a bloomberg source -- the latest on saudi aramco. this

armin laschet was on the attack and he was much more energetic than we expected.ock had a platform. she said when you look at the issues, coronavirus or the crisis in afghanistan, it is the cdu and the spd that are currently in government and have not managed to deal with this effectively. olaf scholz did what was expected, but there was no star power feeding into that debate. for both laschet and baerbock, they did not win if you look at the polls, but it was an opportunity -- it was a platform. >> did we get anything from the debate they can hang their hats on? >> when you look at anyone in markets and you ask, what is it you care about in the german election? they tell you it is about fiscal policy, what this could mean for the european monetary union and the currency perhaps deepening that union when it comes to the single currency. if you were expecting to get clarity on that, there was very little yesterday and that is what struck me. this is still very much a debate on the national issues. it was still very much seen from a domestic prism. we did not get an

we have entered the critical stage of the campaign and the polling numbers for armin laschet look likeisaster. the cdu has lost more than 10 points as a party and he himself as a political party, a potential candidate, is also slipping on that basis. one problem is a candidate that has not been successor -- successful on the campaign trail and the cdu slipping week after week. if you look at the latest polls coming out, they show that they are polling 22 percent. the spd that was third and discounted from the election is polling at 22%. i would argue that is the dynamic. it is gone from a cdu-green competition to a duel between the finance minister and armin laschet representing the cdu. it is very open and you could tell at the cdu over the weekend that there was a lot of nervousness. manus: do you think we are moving further away from a two-party coalition to something broader? maria: yes, certainly. i was almost the best case scenario. the market at the beginning was positioned to the idea that the cdu woodwind the election but we were heading into a cdu-green two-party coalition. t

he expressed that armin laschet is the man that should lead the country forward.iticism of laschet. they were competing for the same job, and he believes as we get close to the polling day, the cdu will gain traction in polls. it has not manifested, but it is what he is betting on. >> i would say we are tied halftime. we were in front but had small mistakes and the others pick up. now we have to pay attention that this will be a head-to-head race, and this competition will continue until the last day of the campaign, then it will decide what coalitions are possible. maria: that is the head of the csu. he talks about a few small missteps, but that is an understatement, the missteps we have seen from armin laschet have taken a huge toll on his campaign and polling numbers, and he has not been able to recover for weeks. the trend for the cdu is not looking good. anna: what are the main issues for the voters? maria: to blame this on armin laschet is probably not the most accurate assessment, because a lot of this comes to party politics. for many germans, they would t

the greens, annalena baerbock and the cdc�*s use of the party that angela merkel has been running armine had a terrible campaign, both of them, and have been dragging their parties which, at various leading —— various stages of the campaign, were leading, and they have been dragging them down and the spd, total democrats for whom the finance minister olaf scholz is running, doing relatively well because of that and i think if you look at the debate yesterday, he did not change there, he did relatively well, according to the polls.- according to the polls. polls at the moment _ according to the polls. polls at the moment are - according to the polls. polls i at the moment are forecasting no clear winner so i suppose likely we will see a coalition formed. is it something that economy watchers, analysts, markets prefer because it enforces compromise and no kind of sudden, sharp changes in terms of what the government does about the economy? indeed. if ou does about the economy? indeed. if you think— does about the economy? indeed. if you think about _ does about the economy? indeed. if you

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this is the same region armin laschet was caught giggling and laughing, and that has continued to hauntcompetitor hard to run against. the lead we have seen, the social democrats are now up five points over the cdu. this competition is not just type but signaling this is a firm lead for the fdc. tom: if we see a cdu led coalition, what will that mean for german fiscal policy? maria: they say this will be your traditional orthodox center-right agenda. this is about putting fiscal policy and the debt and deficit back on track. the problem is that if you do not increase taxes, you say you want to modernize the economy, and you are not taking on new debt. you are betting that you have to grow quickly in order to make up for that gap. the cdu says they do not want new debt because they want to be responsible for the future generations. if you look at polls, the young germans tell you they want to modernize the economy, go greener and more digital. tom: maria tadeo with the latest in german politics as we lead up to the vote at the end of september. thank you for joining us out of berlin. com