for the chancellorship from the conservative union here in germany that's made up of the christian democratic unionparty and the christian social union party that's their very and this is an outfit we do know now it will be last it is the 60 year old leader of the state of north rhine-westphalia has been put forward by the party and agreed on by the party as the next counted it and angela merkel has just given him her blessing in september's election it comes after marcus who's the leader of the state of bavaria gave a concession speech on tuesday lunchtime that followed on from a late night early morning meeting of the christian democratic union federal board and it followed up with a a vote as well in which the top brass of the party gave their backing to unlatch it . had said that he would respect whatever the result of the vote was and he's done just not he had this to say and making his concession rufus if i do is cast in last it will be the c.d.u. c.s.u. candidate for chancellor my word which i have given stands i told him that we as the c.s.u. accept it we offered him our full support of. th

it's time for the city you very much seen as the continuity candidate when it comes to christian democratic union policy market zada would have represented certainly a bit of a change there's never been a chancellor from the christian social union in fact the union of the 2 parties is only ever put forward a c.s.u. chancellor 2 times before neither of course were successful in that final ballot when you look at a poll that came out on tuesday morning it's quite clear that world according to this poll by the german broadcast r.t.l. the public really quite fun seat market as the next chancellor but into a bit more context when the public were asked if they would vote for an unnamed celebrity from outside of politics 6 percent said they would do that a lot of eyes will be looking on the how the vaccination program across germany develops during the 2nd quarter of 2021 a lot of hope was packed behind that and this 2nd quarter would be when germany's very slow and sluggish vaccination program got back on track what we are looking at and where the smart money is going at the moment if you were to bet o

the program of the leader of the christian democratic union of germany and russia it calls for a strict and looked down as the country struggles to contain a 3rd wave of the coronavirus initiative was met with criticism from some lawmakers . we disrupted already i think we need another transitional look we need to build the bridge again to the dates when everyone is vaccinated i know that many a time of the pandemic but many already to take another step now and then move to another fees for many jews and lash it isn't just the chairman of the christian democratic union party he's also the head of the state of north rhine-westphalia and some of his fellow local leaders aren't particularly happy with what he's had to say the leader of the state of terror in jail the mayor of both question the well the sense of having a short term lockdown michael miller who's the mayor of lynn saying he doesn't think mr lasher has thought about the long term implications of putting everybody into a north lock down this is ultimately the one of the big problems with coming up with a unified position here i

as germany struggles to suppress a 3rd wave of the coronavirus the christian democratic union party leader suggests a return to full lockdown something met with skepticism from german politicians. bricks the price of post checks we discussed the background of the weekend's violent attacks on police in northern ireland. from moscow thanks for joining us today here not international i don't know who can swerve you are today welcome to the program. u.s. intelligence analyst faces up to 10 years in prison for blowing the whistle on washington's targeted drone assassination program daniel hale pleaded guilty to transmitting and retaining national defense information his case comes amid mass disclosure of similar crimes allegedly perpetrated by the united states. i have to tell you when he called me a few hours ago he was surprisingly upbeat and optimistic and he he remarked about how much press this issue has been getting since he decided to plead guilty so in the end i think that he thinks that this is been worth it that americans know more about the drone program now than 8 they did 6 months

government and after 16 years as chancellor angela merkel is not running again now her christian democratic union party and its bavarian sister party the christian social union are close to deciding who will replace merkel as the conservative candidate for chancellor and these 2 politicians are running has already succeeded merkel in one respect she is the christian democrats party leader and also the state for mayor of north rhine-westphalia. his close ally of angela merkel marcus soda has also put his head in for the job he is the bavarian state premier and leader of the bavarian christian social union service national profile has grown during the pandemic both say that they are ready to take on the top job. we've announced that we're ready to stand this candidates for the chance of the ship. and we've agreed it should be a good process. as we set off towards the shed gold involving both parties and of course together with the parliamentary group. but this. was a suitable and both of us are ready it's important that we show respect to one another i can say 1st off regardless of how the final de

government and after 16 years as chancellor angela merkel is not running again now her christian democratic union party and its bavarian sister party the christian social union are close to deciding who will replace merkel as the conservative candidate for chancellor and these 2 politicians are in the running has already succeeded merkel in one respect he is the christian democrats party leader and also the state premier of north rhine-westphalia he's a close ally of america but marco surtur also wants the job he is the bavarian state premier and leader of the bavarian preston social union soldiers national profile has grown during the pandemic. and the chief political correspondent melinda crane is standing by belinda walk us through how ultimately the candidate will be chosen. it will be chosen ultimately by the leadership of the c.d.u. of the chancellor's christian democrats as mr certain self put it it is the big sister of these 2 conservative sister parties and he said he will respect its decision if they want him to be the candidate candidate then indeed he is glad to do it now the leadersh

christian democrats party leader and also the state premier of north rhine-westphalia but marcus center on the right he also wants the job is the bavarian state premier and leader of the christian social union mr senators national profile has grown during the pendency while on sunday both men said they are ready to take on america mantle a meeting of the city you leadership this morning gave its full backing to here's what he had to say moments ago. everyone wants a decision soon the fact that all the facts are on the table people believe that even the problems we still have in front of us are so big that we should no longer be preoccupied with no internal party issues but druther with the major tasks that lie ahead for germany today or tomorrow this week and in the coming months you can win this that's what we want to talk to they see as you very soon and find a joint solution or consensual that together will have every chance of winning the elections. so given mr lasher speaking moments ago do you chief political correspondent milind crane joins us now melinda this is basically means that the political leadership contest is basically over now. it's largely decided that the last word hasn'

tonight the standoff is between bulgaria's premier moscow syria and the president of the christian democratic union on. it is supported by party leadership funds or into the smaller sister party c.s.u. is a lot more popular among voters being the biggest party in the conservative coalition it's traditionally the c.d.u. who nominates the candidate to spearhead the joint campaign going back on it's not yet publicly endorsed either of them. let's bring in now our chief political editor good to see a self-imposed deadline ends tonight but no decision yet what's going to happen next. that's the big question we need one of these 2 men to declare who post together i say the next chance accounted for the supposed to be ordinarily one would think ok why don't they just have a well to do. cast chosen by the upper echelons of the party which are backing. you party is that now the smaller variances the party the c.b.c. was adamant that mark also doesn't because he is so much stronger in those opinion polls both when you ask the general public but also c.d.u. conservative followers he's seen as the man who coul

of germany's largest state north rhine-westphalia lush it he's also the president of the christian democratic union and russia is supported by party leadership. of the smaller sister party c.s.u. is a lot more popular among voters have being the biggest party in the conservative coalition it's tradition need to see to you who nominates to convert to spearhead that joint campaign i'm going to medical has not publicly endorsed bill either of them. well the self-imposed deadline has expired and there's still no decision so what happens next now earlier we put that question to. steve w.'s chief political editor that's the big question we need one of these 2 men to do. to get an idea of say that sounds accounted for the this is supposed to be ordinarily one would think ok why don't they just have a well to. cast it's chosen by the upper echelons of the posse which king. party is but now the smaller variances the party the c. is adamant that it doesn't because he is so much stronger in those polls both when you ask the general public but also see conservatives follow as he's seen as the man who could del

i mean lush and he's also the president of the christian democratic union lash it is supported by party by the party leadership but zureda of the smaller sister party the seat as you is a lot more popular among voters being the biggest party in the conservative coalition it's traditionally the c.e.u. who nominates the candidate to spearhead the joint campaign. has not publicly endorsed either of. the. oh let's bring in mckayla chief political correspondent our chief political editor i should say they give a good to see the 2 rival conservative candidates here the 2 people who want to stand for the conservatives in this election become chancellor they said they would have this worked out as to who it would be who they would get the nomination by the end of last week it didn't happen so where does this go from here. yes we were even sifting the definition of what the end of the week is and there was a late night meeting on sunday evening for 3 and a half hours on the 2 men simply couldn't work it out. instead we saw the youth organization of the conservative block here in germany come out

press the 3rd wave of the coronavirus the christian democratic union party leader suggests a return to full lockdown something met with skepticism from german politicians. petrol bombs and bricks the price of post.

germany's largest state of north rhine-westphalia mean shit he's also the president of the christian democratic union russia is supported by party leadership but of the smaller sister party c.s.u. is a lot more popular among voters and being the biggest party in the conservative coalition it's traditionally the c d u who nominates the candidate to spearhead the joint campaign i'm going to medical hasn't publicly endorsed either off the. big. well the self-imposed deadline has expired and there's still no decision so what happens next now earlier we put that question to. still be used chief political editor that's the big question we meet one of these 2 men to do is to get an idea of say the next sounds accounted for the supposed to be ordinary one would think ok why don't you just have a well to dish knee. caps it's chosen by the upper echelons of the posse backing. you policy is that now the smaller variances the posse the c.s.u. is adamant that model citizen because he is so much stronger in those opinion polls both when you asked the general public but also see you conservative follow is he's seen

seems we may be set for a change again armen last year to use the chairman of the cons the christian democratic union party also the leader of the state of north rhine-westphalia has put forward the idea that germany should go into a short sharp lock down and it does seem that that plan has the backing of chancellor angela merkel. any call for a short uniform lockdown is rate i joined uniform federal approach would also be important here the variety of fruits adopted does not contribute to security and acceptance at the moment. and lash it is widely tipped to be the conservative union blocs candidate to run as chancellor and the book coming german elections this september his plan is a short sharp lock down stricter rules put in place across the board all over germany and then after that in an attempt to try and get this 3rd wave of covert 1900 control after that then we open up using more testing and more tracking in tracing applications this idea also has the backing of the other man who may well be the candidate for the conservative union the leader of the state of bavaria market zada he's but it'

across the whole of germany the plan was put forward by armin last the chairman of the christian democratic union and widely tipped to be the come to the could try and succeed angle or merkel at the upcoming german elections he's also the leader of the state of north rhine-westphalia he put forward the idea of this short sharp lock down to come into place. spokespeople for the german chancellor of said uncle merkel supports that. this is any call for sure if uniform lockdown is rate a joint uniform federal approach would also be important here the variety of fruits adopted does not contribute to security and acceptance as the moment it. well what was initially suggested by mr lasher is a universal lockdown across germany for a short period of time and then the heavy use of testing and tracking apps to try and open things up as much as possible now it's being backed by the other man who may well run to be the next chancellor of germany for the concert of union the leader of the state of bavaria marcuse he thinks this is a good idea to go into this short lockdown this bridging lockdown mr zohar in

expires tonight a stand off between the various premier mako surge and the president of the christian democratic union amin lash it is supported by party. the smaller sister party c.s.u. is a lot more popular among voters being the biggest party in the conservative coalition and stranded only the c.d.u. who nominates the candidate to spearhead the joint campaign i mean america has not yet publicly endorsed either of them. let's bring in now our chief political editor good to see a self-imposed deadline ends tonight but no decision yet what's going to happen next. that's the big question we need one of these 2 men to declare who post together i say next sounds accounted for the supposed to be ordinarily one would think ok why don't they just have a well to dish and the cast is chosen by the upper echelons of the party was backing. you party is that now the smaller variances the party the c.s.u. is adamant that mark also doesn't because he is so much stronger in those opinion polls both when you ask the general public but also c.d.u. conservative followers she's seen as the man who could deliver more vo

government and after 16 years as chancellor angela merkel is not running again now her christian democratic union party and its bavarian sister party the christian social union are close to deciding who will replace medical us a conservative candidate for chancellor and these 2 men are in the running i mean lushes you see on the left of the screen here has already succeeded merkel in one respect he is the christian democrats party leader he's also the state premier of north rhine-westphalia but markets are on the right here also wants the job he is the big very instant premier and leader of the christian those social union is that as national profile house a grown mightily during the pandemic on sunday both men said they are ready to take on ugly americans mental a meeting of the c.d.u. leadership this morning gave its full backing to lush. well let's bring in our chief political correspondent melinda crane for the very latest on the story she's following this time melinda as we mentioned the studio executive committee has given its backing to lash so tell us more about where things stand right n

now and then move to another fees from me jews and lash it isn't just the chairman of the christian democratic union party he's also the head of the state of north rhine-westphalia and some of his fellow local leaders aren't particularly happy with what he's had to say the leader of the state of terror in jail the mayor of both question the well the sense of having a short term lockdown michael miller who's the mayor of berlin saying he doesn't think mr lasher has thought about the long term implications of putting everybody into a north lock down this is ultimately the one of the big problems with coming up with a unified position here in germany it's not like i'm going to medical can say from the chancellor's office this is what we're doing everybody get on with it what ends up happening is the leaders of the 16 states listen to what mrs merkel has to say and then go we're not sure if we really want to do that and that has resulted in a lot of problems lot of lack of clarity when it comes to an overarching plan here in germany. now saying we need a 2 to 3 week lockdown this is a change in tune fro

are not happy about this whatsoever there's a lot of on good being directed towards the christian democratic union polity that's angle america's policy because they along with the free democrats in the city of berlin not nationally they were the ones that pushed they sed to the constitutional court to try and get ready made no and void people here are saying that they're going to be priced out of the city that money is being deemed more important than they are the scenes during a march that took place earlier in the evening were very peaceful but as the crowd arrived. next to a train station in the area of town the police said you know going any further some protesters said they were going to try and do just not i saw a woman trying to talk the police with a big stick he found himself taken away into the back of a police van and be spending the night in the cells i would apart from a few things thrown backwards and forwards it wasn't being too much more than a lot of banging and shouting but people very own happy with this rule and how it's going here in berlin and what it will mean how much rent

as germany struggles to suppress a 3rd wave of the coronavirus the christian democratic union party leader suggests a return to full lockdown something met with skepticism from german politicians. bricks the price of post checks we discussed the background of the weekend's violent attacks on polling.

government and after 16 years as chancellor angela merkel is not running again now her christian democratic union party and its bavarian sister party the christian social union are close to deciding who will replace markel as the conservative candidate for chancellor and the 2 politicians behind me are in the running. a seat on the left of your screen is already succeeded markel in one respect he is the christian democrats party leader and also the state premier of north rhine-westphalia but mark asserted on the right also wants the job he's the bavarian state premier and leader of the christian social union so it has national profile has grown during a pandemic after meeting of both parties leadership on sunday both men said they are ready to take on america's mantle. of a clear. we've announced that we're ready to stand this candidates for the chance of the ship. and we've agreed it should be a good process. as we set off towards this shared goal will involving both parties and of course together with a parliamentary group. than. this. both as a suitable and both of us are ready it's important

in germany, angela merkel's christian democratic union has backed the party leader as the successor. u.s. cryptocurrency explains is set to go public on wednesday -- cryptocurrency exchange is set to go public on wednesday. 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. i'm ritika gupta. this is bloomberg. ♪ i'm ritika gupta. this is bloomberg. ♪ >> the mainline authorities are tightening liquidity because economic recovery is firmly on track. they want to control the leverage ratio. they want to control the risk of overheating. so therefore, as they really rein in the credit growth, you are seeing some softening of the mainline markets. jonathan: that was j.p. morgan chase managing director and vice chairman of asia-pacific. good morning. alongside tom keene and lisa abramowicz, i'm jonathan ferro. here's the price action right now. equities are off by 0.16%. it is a mild move lower this morning ahead of a really interesting trading week. cpi tomorrow, retail sales wednesday. yields up a s

in germany, they chancellor's christian democratic union party has backed -- as the conservative choice to succeed at the chancellor, setting up a clash with their smaller sister party. their chairman also wants to run. the election will be in september. global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i'm mark crumpton. this is bloomberg. ♪ ♪ >> it is 1:00 p.m. in new york, 7:00 p.m. in berlin, i am matt miller and welcome to "bloomberg markets." here are the top stories. president joe biden is meeting with the ceos about the critical shortage of microchips, an issue affecting companies worldwide, and especially the all-important auto industry. and the post vaccine workplace is taking shape, but what does it look like? we will talk to the ceo of jll, one of the largest players in commercial real estate. we will talk to him about the return to work projections and the after effects of covid-19. for some eco-last months, maybe even a lifetime. we will talk to brian foster, the ceo of bioincept. th

alix: my husband said something about cdu, and i was like, oh, christian democrats union?s like, what are you talking about? [laughter] guy: in the last five minutes, you have become a political nerd making jokes about germany and at inflation nerd. alix: coming up, alibaba investors are thinking regulators despite a record fine. we will tell you why next. this is bloomberg. ♪ ritika: this is "bloomberg surveillance -- this is "bloomberg markets." georgia senator jon ossoff joins david westin on "balance of power." this is bloomberg. ♪ let's check in on the bloomberg first word news now. i'm ritika gupta. today, congressional democrats will start considering biden's $2.2 trillion spending and tax proposal. it is up to house and senate leaders to determine how to package the proposal. his american jobs plan focuses on infrastructure and some social measures. the president is expected to ask for another massive investment in programs focused on health and families. iran has blamed israel for an attack on the power network at its largest uranium a richmond plant at a time whe

the chairman of the christian democratic union would be likely to continue merkel's centrist policies if he wins. johnson & johnson posted better first quarter results. they raised financial guidance for this year despite the setback in the coronavirus vaccine. use of its vaccine was halted after reports of a small number of people who received it that developed blood clots. former u.s. vice president walter mondale has died. mondale served under president carter, where he was seen as redefining the role. he was the democratic nominee for president who made history by naming a woman as his running mate. >> it's just the tone of discussions that i think will change, and both sides have at the very least, notwithstanding what happened in alaska, wanted to make sure that things don't escalate further. we have seen there are areas where they can cooperate, so i think trade tensions which we wouldn't expect too much upside risk, but i don't think we are going to have any deterioration there as well. i think the markets will be happy with that. jonathan: that was jeffrey you -- that was geo

germany's largest state north rhine-westphalia in blush it he's also with the president of the christian democratic union lash it is supported by party leadership and sudha of this morning sister party c.s.u. is a lot more popular among voters and being the biggest party in the conservative coalition it's traditionally the c d u who nominates the confidence to spearhead the joint campaign that has not publicly endorsed either of you for being. while the self-imposed deadline has expired and there's still no decision so what happens next now earlier we put that question to. steve w.'s chief political editor that's the big question we meet one of these 2 men to do is to get the idea of say the next sounds accounted for the supposed to be ordinary one would think ok why don't they just have a well to. cast is chosen by the upper echelons of the posse backing . this policy is that now the smaller variances the party the c.s.u. is adamant that it doesn't because he is so much stronger in those opinion polls both when you ask the general public but also see you conservative follow is he's seen as the man who c