from what the rising trade tensions mean for the global economy from the french finance minister bruno le maire. populists surge to power in italy. is out as prime minister of spain as well. have a look at european equities. gmm is the wonderful function with the stocks rallying and the ibex is up. italy was setting on a two-day loss of 4.7%. european benchmark, best day since april. we have a new leader in italy who was sworn in over one hour ago with a new cabinet. and a new prime minister in waiting in spain. the euro is lower against the dollar as are the other currencies with sterling rising. the spanish five year yield is lower by 13 basis points. a turbulent week in the eurozone bond market. deutsche bank in the news as their chief executive suffering a fresh setback in his effort to reinvigorate the european biggest lender with global ratings cutting its credit +, the third lowest investment grade. he replaced john cryan in april with a mandate to accelerate the plan to refocus european home market and away from wall street. shares of the lender closing at a record low yesterday bu

we heard bruno le maire from france.a lot of concern from the likes of christine lagarde and others saying they are extremely concerned about how the discussions are going. at the same time, we have this extremely important meeting between the north korean leader and president trump and that is playing a part in this. china is so critical in that. when you look at the actual numbers that are being threatened from the eu particularly and the us, it isa from the eu particularly and the us, it is a small percentage of either economy but what is really concerning and what will be concerning and what will be concerning international leaders like christine lagarde is the trump administration's departure from the rule of law norms that held the wto together, using this national security justification which together, using this national securityjustification which is com pletely securityjustification which is completely spurious and is agreed to be generally. it is difficult for the eu to hit back through the wto because the tru

french finance minister bruno le maire warned that a trade war could begin in "a few days".to twitter on saturday and said the us had been "ripped off by other countries for years on trade". he argues steel tariffs will protect us steelmakers, an industry vital to national security. but canada's prime minister, justin trudeau, told nbc‘s "meet the press" that the justification was insulting. the idea that the canadian steel that's in military vehicles in the united states, the canadian aluminium that makes your fighter jets, is somehow now a threat. the idea that we are somehow a national security threat to the united states is, quite frankly, insulting and unacceptable. that was justin trudeau, the that wasjustin trudeau, the prime minister of canada. expert in chinese foreign policy and head of china foresight at lse ideas, dr yujie, is with me. nice to see you again. summing up some of the recent tit—for—tat comments, firing from washington and beijing and vice versa, but what do you make of where we are at the moment with this trade war scenario? i think the rest of the

from what the rising trade tensions mean for the global economy from the french finance minister bruno le mairerge to power in italy. is out as prime minister of spain as well. have a look at european equities. gmm is the wonderful function with the stocks rallying and the ibex is up.

you very tune in for mike mckee's interview with the euro group president, philip hammond, and bruno le maireare going to get more on jobs, and reaction to the report from bill gross. this is bloomberg. ♪ >> this is bloomberg daybreak. claimedysler ceo has victory. the automaker will become net cash positive. he is in failing his vital strategic roadmap after 14 years in charge. investors are happening -- hoping abercrombie & fitch will be able to hurricane its clout -- the able to regain its clout in the mall. business hases come back. the commodities unit became emblematic of goldman's trading problems last year. it dropped by 75% to the lowest in the bank's history as a public company. >> 10 minutes away from the latest read on the u.s. employment situation. when hundred 90,000. president trump came forward to these numbers. he said he is looking forward to the employment numbers. on it.ket moves hunter.us now, thompson let's stay with me effect of whether or not he should between about this at all. what part of this will be a good number? what will sound good but there are problems? >> we

here is what bruno le maire had to say. been united have during the g7 to tackle the global challenges of the world. i'm thinking of course of growth, employment, development. instead of that, we will be divided. it will not be a g7. it will be a g six plus one. and itou go beyond that was interesting. he said he did not agree with the -- with donald trump, that the u.s. is more respected than ever around the world. he says the reputation has fallen quite a bit. g7, looking ahead to the leaders meeting, helps to set the tone for countries that we are trying to persuade on certain issues, like climate change. the lack of consensus can have broader ramifications. have a reall problem down the road as they work on these other issues. argentina is the president of the g20. that is a country in trouble. will they be able to work with the united states? amanda: we saw across the climate accord, the first non-consensus communique coming out of the meetings. do you expect to see that again or will they be of divine some consensus b