tom: let's bring in caroline connor with the latest. what were your main takeaways? y is coming to france and there was a lot of reading in the speech. it was hard to hear the prime minister because more than half of the parliament question his leg jimmy to see -- legitimacy. two years after the end of the mandate. he wants to reduce the debt burden, 50 billion euros a year is more than the entire french budget for education so there will be spending cuts. local authorities will have to tighten their belts. a crusade against social fraud but there is the mantra of raising taxes. he has been talking about bringing taxes down. we get those details next week and multinationals, in order to raise 15 billion euros of additional taxes. the left has not put in a vote, we will see if there is one. tom: caroline connor in paris. austerity for france and later today emmanuel macron will speak at the berlin global dialogue to stephanie flanders at 2:15 p.m.. opening trade is next, this is bloomberg. ♪ personalized financial advice from ameriprise can do more than help you reach