. grappling with who replaces donald tusk and jean-claude juncker.rexit will be at the top of the agenda for them. i'm sure we will be talking about it in the coming weeks and months. let's look at the issue of the troubled retail sector, the times business section, another well—established high st name looking to stay viable. a business set up in 1849 in nottingham, which had a swiss take—out, taken over by the huge american conglomerate, walgreens, is now in dire straits. 32.3% down on pre—tax profits the year to end last year. you have to say this is a reflection of the broader state of the uk high st, businesses that have failed to keep up businesses that have failed to keep up with the increasing digitalisation of the way people shop, you can go to amazon for your toiletries. boots say they will be shutting shops. there is also an accusation that high st councils are charging huge amounts in terms of tax and rates for businesses, but it does seem that it is an unstoppable pendulum that the british high st is haemorrhaging classic businesses. i d

the independent, tory leadership hopefuls get real on brexit, this is becausejean—claude juncker hasof the deal, and some people would say that is obviously their overall position, but faced with a new prime minister, they may make a few tweaks? in general there has been a failure amongst some to recognise that this is a negotiation with the eu are notjust a domestic situation with the uk says what it once and it happens, and that will be the case during the conservative leadership election. —— says what it wa nts. leadership election. —— says what it wants. in the eu they are talking about who will succeed jean—claude juncker and donald tusk, the main two positions, that in itself is a reminder of how limited a time there is to renegotiate. you have lots of candidates. they say they will go back to the eu and renegotiate but the main leaders of the eu, their time is basically over and the success time is basically over and the success ofjean—claude juncker will not take over until november, which is after the uk is meant to have left the eu, so there is a question of when the renego

there's eu commission president, currently held byjean—claude—juncker. role of european council president — at the moment that's donald tusk. after eight years in the post, mario draghi will be leaving as head of the european central bank. and leaders will also have to decide on a foreign affairs representative — that's currently federica mogherini. but agreeing on who should fill those positions won't be straight—forward. here's eu expertjacki davis. it's extremely complicated, in theory, it got simpler last time around in 2014 but we had these elections because the european parliament tried to put themselves in the driving seats. they came up with this idea that each of the political parties contesting those elections would have a lead candidate and if that person in that party came out of the biggest number of seats and could command the majority, then their man or woman would be the commission president. that is what led to jean—claude—juncker getting the job from centre—right last time around. the process outlined byjackie has a name. it's called th

that is the job jean—claude juncker currently does at the moment. bloc. he is favourite to take the job but even though the evp is still the largest grouping within the parliament, it shrunk, didn't do as well as expected, so that has put the pressure on. there is another candidate getting a lot of attention from the liberal alde group and i spoke with her last night.” from the liberal alde group and i spoke with her last night. i put my name forward because if you don't ask for things you won't get it and the worst thing that can happen is you get a no. that will hurt your vanity but you will live. just quickly, the president of the european commission is the one eve ryo ne european commission is the one everyone like speculating about. how do you assess where we have got to with this? i think it will be a choice by the national leaders, so a name that maybe we haven't heard of yet. let's see. tomorrow, the leaders will meet in the evening and have their first discussion. i doubt they will have a name. it is going to bea they will have a name. it i

among those due to be replaced is the president of the european commission, jean—claude juncker. is in brussels — and whoever they choose will have a big impact on brexit. yes, they will come of that impact is likely to come in the long term negotiations because this process will throw up some and probably by the end ofjune to take office later this year in november. it could be just after the uk has exited but they will oversee the future talks and they will be quite powerful positions in the process because it will be the head of the commission here replacing john paul —— jean—claude juncker, the donald here replacing john paul —— jean—claudejuncker, the donald his job overseeing the leaders summit and at the european central bank. the horse trading behind the scenes is already beginning, leaders meeting in brussels now before the dinner this evening. they are trying to balance the geography of the eu, trying to get a spread of people from across the continent, the politics, the balance between the powers and dishes at the european parliament having had elections, wanting to pu

distribution of top jobs in the european institutions — they'll be choosing replacements forjean claude junckeropean council among others. the deposed chancellor of austria, sebastian kurz, says he's looking forward to elections in september. he was speaking after losing a no—confidence vote. mr kurz‘s coalition with the far—right freedom party collapsed last week when its leader was caught in a covert video sting that suggested he was open to corruption. now it's time to look at the stories that are making the headlines in the media across the world. we begin with brexit — first up the front page of the times, it says the brexit party's success is forcing the conservatives to take a tougher line on the eu as candidates to replace theresa may embrace the prospect of a no—deal brexit. but a different message on the front of the daily telegraph. one candidate at least — the health secretaryjeremy hunt — says a no—deal brexit would be suicide for the party. on to the business insider looking at one of the day's big business stories, talks of a tie—up between fiat chrysler and renault. but their ar

the european commission president, jean—claude juncker has flatly rejected any renegotiation of the withdrawale times business section, pharmacy giant boots could close more than 200 shops over the next two years in a fresh setback for the troubled uk retail sector. the company, which is owned by us pharmacy giant walgreens, said it was "reviewing its store portfolio amid falling sales and profits." on front of the ft, malaysia will return 3,000 tons of plastic waste to countries including the us, canada and saudi arabia, amid a broadening clampdown on imports of improperly labelled rubbish across south east asia. and finally after being awarded the largest divorce payment in history, mackenzie bezos, who recently became the world's fourth richest woman after her separation from jeff bezos, the founder and chief executive of amazon,

vote will go on to elect the next president of the european commission that person will succeed claude juncker whose 5 year term is coming to an end it's europe's top job so the stakes are high let's take a look at the candidates. i will do everything to defend this year i think we've had screenings take the battle hard to propose. we have work to do my gratian is an opportunity we introduce minimum wage to every member state they are all running for the e.u. commission president moderator best target for the liberal scott for the greens monthly to be about for the conservatives funds to moments for the social democrats younes of a deal is conservative reverend the candidate and. is for the party they are the 6 leading candidates but hang on a minute who are they and does anyone know anything about them do you know any of them. and do you know him. any idea. honestly no i've ever seen her. i haven't seen. dutchman france to my man speak some language as he once more social justice german monthly by is calling for secure europe help for example by european f.b.i. denmark's moderate best star is

well, that is the plum job, the president of the commission, filled byjean—claude juncker at the momentthe leaders who are here, and the parliament. you have the council, which is whether leaders meet, they will nominate someone which will go to the parliament to approve. the parliament has been pushing the idea that it should actually, being the democratically elected body that has just held the election, 200 million people voted, it should be able to put forward a candidate for the leaders to pick from. so there is that push and pull there. the leaders say the reason they are having this meeting is to seize these —— the initiative but what is interesting is the way the balance is shifting. the germans, the old centre parties, angela merkel‘s christian democrats, came out the best party in the parliament, they say they should still have that top job, that is how jean—claude juncker got it, but their man is not going down well with some of the others so what we see there is the french, emmanuel macron with his new liberal meps who he will be bringing, part of the liberal bloc which has

the president of the european commission, jean—claude juncker, has made it clear that finishing the brexitrocess is the eu's primary concern. his spokeswoman said mrjuncker would establish working relations with any new british prime minister. the irish prime minister warned that negotiations could enter a dangerous new phase. an estimated one million young people are estimated to have joined the latest international protesst on climate change. school students joined coordinated marches in over a hundred countries from japan and the philippines to delhi, istanbul, and cities across europe. the strikes are thought to be the largest yet. there's been no shortage of speculation over recent months about the next likely tenant of number ten, but mrs may's announcement today encouraged a much more open discussion about the party's options, and the qualities and credentials of those with leadership ambitions. our correspondent ben wright has been looking at the likely contenders. thejob of picking the next prime minister is in the hands of tory mps and conservative party members. a contest that h

markle arrived -- angela merkel arrived with the name of only one man on her list to replace jean-claude junckerurally, in a great coalition, i support -- but not all partners do the same. hashe 46-year-old bavarian never held a government elected office in his life, but as the leader of the european people's party, recent tradition says the job should be his. >> we know that we cannot celebrate a big victory. we are the first party and that is why we are ready to talk now. find a common understanding for the future. >> the french president, emmanuel macron, was against his german partners toys, and he is gaining support among other leaders. to turn to want names. i think we must take into account what came out of the polls. we must have decision makers who have the credibility required to be able to react. >> no party in the european parliament has an overall majority. each decision on policy, each decision on appointments will take time and compromises. the british prime minister, theresa may, ran out of both of those commodities and her negotiations with europe over brexit. pm may: i have not

comments that michel barnier made the you chief breaks negotiator to it possible to thinkjean—claude juncker president another is an argument about that. he is in remarking on why he thinks britain voted to leave. interesting and we only the front page here but this is an interview that he gave to the new york review of books in which he did say that the vote to leave was a product of nostalgia, and is not the first... even the first person, this is been debated and meaning columns and the washington post and new york times, but in fairness also mention another factor was that people felt abandoned over the quality of public services, the quality of the welfare state deteriorating, transport, etc, and it is a bit misleading to present this as his only argument. the other argument, the sense of abandonment, is one that has some weight in terms of the referendum being a protest vote but actually delivered to the wrong address because that is not the cause of those underlying issues. will that make a difference to the current process anyway? i am not sure it will actually post them i know he is

president jean-claude juncker. the first and perhaps most topical issue in that debate was climate change. questions coming from several young people in the audience. the candidate from the netherlands from the party of european socialists was passionate about the need for action. >> we deftly need a carbon dioxide tax, and quickly, at the european level. what i would say is that if we don't manage to achieve that i do european level, member states will do it individually, and that would be very bad for our economy and for sustainability. we have to do this together as european union -- as europeans. brent: his rival from germany represents the conservative european people's party in the european parliament. faced with questions about attacking climate change, he emphasized the need to preserve jobs in the energy industries but also advocated big change in transportation. >> the main issue here is the taxation of air travel. in particular, the fact that kerosene is not taxed due to international contractual agreeme

jean—claude juncker and donald tusk have been at the forefront of the eu's efforts to deal with brexitf, will be part of the process to appoint their successors. the announcements are expected injune and while the physical geography of the european union remains the same, for now, the political landscape will change once more. gareth barlow, bbc news. new protection for individuals tricked into transferring money to fraudsters has now taken effect — but not all banks are signed up to the scheme. the industry has committed to provide initial funding for "no blame" situations until the end of 2019. these are situations where people were conned into authorising a payment to fraudsters. some 84,000 bank customers lost money last year after being caught out in this way. the 15p charge for the police non—emergency number — 101 — is to be scrapped from next year. the home office says 30 million people are calling the service each year. from april 2020, it will become free to use. the worst uk airport for flight delays last year was london sta nsted, according to data from the civil aviation a

we heard a statement from european commission president jean-claude juncker that says theresa may was courageous woman and basically, now let's get on with brexit. asked time and again at the daily briefing of those a chance that negotiations would be reopeneded, the spokesperson sad absolutely not. we've got our agreement. it has all been approved. basically, brussels would like to see someone step up and take theresa may's place and somehow get this deal through the british parliament so brexit can move ahead on the basis of the withdrawal agreement that has already been agreed. >> looking at the reality of british politics, the new prime minister could very well be a hardline pro-brexit tier -- pro-brexiteer. with the european union except the reality of a possible no deal brexit? >> that possibility has always been there and it is not up to the eu side. as far as they're concerned, there is a deal and it is simply up to the u.k. to accept it. while eight no deal brexit may look more likely and we even see some of these potential candidates running on the promise of a no deal brexi

jean-claude juncker is the president of the eu commission and soon to step down.nd these are the front-runners for the post. they have been nominated by the political groups in the european parliament. >> we can bring the whole strength of europe. reporter: german chancellor angela merkel has put her weight behind german mep manfred weber, the lead candidate from the biggest bloc in the eu parliament. but french president emmanuel macron does not like this lead candidate system, and wants change. perhaps even this woman, eu commissioner margrethe vestager. >> t the german government is committed to the principle o of the lead candidate. however, the parties represented in the coalition have different views as to which candididate is best suited. >> if everyone just stays with their preferred names, we will be stuck because none of the groups have a majority all alone. and even if two of them work together, we still don't have a majority. we need three or four groups to do this. reporter: some believe merkel is behind the curve on this because she herself will soon

the president of the european commission, jean—claude juncker, has made it clear that finishing the brexitrocess is the eu's primary concern. his spokeswoman said mrjuncker would establish working relations with any new british leader. the irish prime minister warned that negotiations could now enter a dangerous new phase. a suspected parcel bomb has exploded in a central district of the french city of lyon. local police say eight people were lightly wounded by the blast in a shopping street. local media are reporting that the improvised device had been filled with nails, bolts and screws. now on bbc news, the week in parliament. hello, and welcome to the week in parliament. as theresa may names the day. i am today announcing that i will resign as leader of the conservative and unionist party on friday the 7th ofjune, so that a successor can be chosen. she leaves with an admission of failure on brexit and advice to the next prime minister. it will be for my successor to seek a way forward that honours the result of the referendum. to succeed, he or she will have to find consensus in parlia

the new meps will start debating who should succeed jean—claude juncker in july. european election is not what it first may seem. nationalist marine le pen beat president macron to top the polls in france. "this is a people's victory," said a delighted mrs le pen. "the people have taken power back into their own hands." but the people, aka europe's voters, didn't support mrs le pen's political allies as much as she had hoped across the eu. millions of europeans cast a vote for change, but not all looked for answers in the far—right. the pro—european greens did phenomenally well, as did europe's liberals. we are witnessing a polarised society, so now we are going to use the leverage that the citizens gave us to try and enact change at european level, reducing social inequality, reducing our ecological footprint, improving public health. we will see whether the others are prepared for that. seemingly unprepared for this new, fragmented political order are the eu's traditional power blocs, the centre—left and the centre—right. germany's government was given a very bl

they were harshly critical of the president of the european commission jean—claude juncker.uropean people's party but this is still the governing party in the european parliament. what happens after european union elections is essential. if the block of matteo salvini manages to get enough votes that viktor orban are seized that evenif that viktor orban are seized that even if hejoins that viktor orban are seized that even if he joins them, that viktor orban are seized that even if hejoins them, he that viktor orban are seized that even if he joins them, he won't lose significance and voters in the european parliament, then he will probably shift. it is a political calculation, essentially. stay with us on bbc news, still to come: it's the netherlands! winners of the eurovision song contest 2019 this morning an indian airforce the plane carrying mr gandhi's body landed in delhi. the president of india walked to the plane to solemnly witness mr gandhi's final return from the political battlefield. ireland has voted overwhelmingly in favour of gay marriage. in doing so it has

the new meps will start debating who should succeed jean—claude juncker in july.has more. much about this european election is not what it first may seem. nationalist marine le pen beat president macron to top the polls in france. "this is a people's victory," said a delighted mrs le pen. "the people have taken power back into their own hands." but the people, aka europe's voters, didn't support mrs le pen's political allies as much as she had hoped across the eu. millions of europeans cast a vote for change, but not all looked for answers in the far—right. the pro—european greens did phenomenally well, as did europe's liberals. we are witnessing a polarised society, so now we are going to use the leverage that the citizens gave us to try and enact change at european level, reducing social inequality, reducing our ecological footprint, improving public health. we will see whether the others are prepared for that. seemingly unprepared for this new, fragmented political order are the eu's traditional power blocs, the centre—left and the centre—right. germany's gover

jean—claude juncker and donald tusk have been at the forefront of the eu's efforts to deal with brexit the british prime minister theresa may, who is leaving office herself, will be part of the process to appoint their su ccesses . of the process to appoint their successes. the announcements are expected in june and successes. the announcements are expected injune and while the physical geography of the european union remains the same, for now, the political landscape will change once more. gareth barlow, bbc news. president trump is just leaving japan. we will show you the live pictures. air force one taking off a short time ago from the yokosuka airbase, president trump on his way home. eileen burbidge is here, and eileen, perhaps i hope that one side can get something as well.|j eileen, perhaps i hope that one side can get something as well. i think it's interesting because we know the trump is always about what the perception is going to be and how he might be able to rattle other people's cages when he is doing his diplomatic visits. i think him visiting the —— japan at this time,

get in touch with them quickly if needed we used a story and called officials in europe dr jean claude juncker. and boris johnson pretend to. be pushing this up the same kind of story is needed for a break with putin or trump or any other world leader this is the way to go but even this was a good thing they were going to put on the religious still a bit he gets to mention champ have you ever tried to get through to him. yes we try it for example one probably. would try to reach his of ministration. but we didn't find a person who would be best for that conversation because when we tried to reach him from ukrainian authorities his administration wouldn't talk to them because ukraine is knots i can't say that maybe ukraine is not so important for trumps of ministration so it's enough ukraine him for example the president is enough to talk to secretary of defense secretary of energy and energy. over the years or with a high enough to reach trying to rescue us so it's not enough so we need to find another another person if they could talk to him to see he said see that because i don't know if you

get in touch with them quickly if needed we used a story and called officials in europe dr jean claude juncker. and boris johnson pretend. to be pushing. the same kind of story is needed for a break with or trump or any other world leader this is the way to go. given they have no interest in the religious. dimension trump have you ever tried to get through to him here's her try it for example and probably. would try to reach his of ministration. but we didn't find a person who would be best for that conversation because when we tried to reach him from ukrainian authorities his administration wouldn't talk to them because ukraine is knots i can't say that maybe ukraine is not so important for trumps of ministration so it's enough. for example the president is enough to talk to secretary of defense secretary of energy energy. or the yes or with high enough to reach trying to read yes so it's not enough so we need to find another another person if they could talk to him to see he said say that because i don't know if you've read the miller report at the us or israel air released recently but it a

one of the first big jobs meps will be voting on a replacement forjean—claude juncker, the presidention. 00:07:48,221 --> 2147483051:40:38,825 and approving the final brexit deal, 2147483051:40:38,825 --> 4294966103:13:29,430 whenever that happens. there'll be full coverage of the european parliament election results later on sunday here on the bbc. uk audiences will see their results in a programme presented by huw edwards. for global viewers, there'll be a special programme presented by ros atkins from inside the european parliament in brussels. that's the results of the eu elections 2019, from 2000 gmt on bbc world news. of course, the uk is expected to leave the european union at some point in the next few months. the failure to deliver a clear exit plan, has cost prime minister theresa may herjob, and the race to succeed her has intensified, with more candidates entering the field. former brexit secretary dominic raab, the former leader of the commons, andrea leadsom, and the environment secretary, michael gove, are the latest to have declared their candidacy. people in ireland

who gets the top jobs in the eu later this year, so president of the commission replacing jean—claude junckernt, the leaders are starting some of those horse trading. what was absolutely clear is that they are looking to a future without the uk, the danish prime minister said to me he is going to miss the uk because they were always there defending and talking about deepening the single market, the luxembourg prime minister said he was glad this was a summit when brexit wasn't finally going to be discussed. thank you. the church of england has been strongly criticised for the way it handled allegations of child abuse in the diocese of chichester and the former bishop peter ball. 18 members of the clergy in the area were convicted of offences during a 50—year period. a report by the independent inquiry into child sexual abuse said the church's response had been marked by "secrecy", and its apology "remained unconvincing". 0ur religion editor martin bashir is at the inquiry in central london. tell us more about it. this is a damning report that describes the diocese of chichester‘s response to

find a replacement for john claude juncker as president of the european commission france and germany disagree michael michael michael michael postoji defending the credentials of that choice the german chancellor once. i'm conveyed the for the job french president it seems once anyone else but him. let's go to on man in the know in the corridors of power in brussels day keating awaiting u. they could even do you understand the yes some of just wrapped has anything been concluded. it looks like pretty much know as expected -- they are kindd of agreeing to disagree at this point they've tasks done o on tuesday the european council president to work with the european parliament to determine which of the candidates could get a majority. this does represent a kind of defeat foror a manual not crawl who was hoping to have some kind of statement from the council that with us sir to the council's authority. in this prorocess -- hehe doesnt like thiss whole spits in kinda dot in process that's where the groups in the european parliament nominated candidates ahead of the election. and to the c

the president of the european commission, jean—claude juncker, has made it clear that finishing the brexitenter a dangerous new phase. an estimated one million young people are estimated to have joined the latest international protesst on climate change. school students joined coordinated marches in over a hundred countries from japan and the philippines to delhi, istanbul, and cities across europe. the strikes are thought to be the largest yet.

the president of the european commission, jean—claude juncker, has made it clear that finishing the brexitions with any new british leader. the irish prime minister warned that negotiations could now enter a dangerous new phase. a suspected parcel bomb has exploded in a central district of the french city of lyon. local police say eight people were lightly wounded by the blast in a shopping street. local media are reporting that the improvised device had been filled with nails, bolts and screws.

jean—claude juncker president of was often one of irritation.of the european commission who was not imitated by the way, said he had been crystal clear that the deal was not open very negation. the prime minister of luxembourg said its very easy, you have one prime minister who negotiated a deal, then you get another prime minister and you renegotiate the deal, that is not how it's going to work. that said, from the point of view of the eu leaders here today, the 31st of october, that's the end of our brexit extension, seems to them very far away. they have a lot of other things on their plate at the moment. i think they will engage more with this question come the autumn, i do think they will listen to what our new prime minister has to say. don't forget that they want to avoid an ordeal brexit, it will be costly for them as well. but they will not want to avoid no deal at any cost and in all the years i have followed eu politics those eu leaders famous for beckoning and not being able to agree on many subjects, i have never seen agree on many

and europe have stumbled in the 10 months since president trump and ecb president jean-claude juncker struck a truce aimed at clearing the way for negotiations. let's get to the impact on global markets, particularly this week, which has been so volatile. ofare joined by michael bell jv morgan asset management. -- of j.p. morgan asset management. the markets have become volatile and petulant. michael: i think markets at the moment are focused on the extent to which trade concerns are going to turn into weakness for manufacturing and particularly for. when you look at -- particularly for capex. when you look at eurozone country investment goods manufacturing pmi's, they are really at quite week levels. what the market is trying to what markets had priced in this year going to come to for wishon, or will the trade talks delay that from happening at all? hence, there is a risk that the weakness in capex and manufacturing spells across into employment. when you look at the employment component of manufacturing pmi, that has fallen below 50 as well, so i think markets are trying to way out

i do want to point out that jean-claude juncker has been speaking in brussels.ll not make any decisions on the top jobs until tomorrow. those negotiations continue. let's continue our bell. on at -- our battle. under new york set we have michael mckee. is a big weekweek for into not -- for economic indicators. we have some this week that will interest investors. we have consumer sentiment today from the conference board and the numbers are amazing. a six-month high. the white line for consumer confidence. the present situation index is at the highest the year 2000. the question is does it mean we will see more consumer spending? that is the real question that does not seem to have a good answer. the blue line is consumer spending as reported in the gdp numbers, which we will get later this week. as you can see there is little correlation. people can be happy and not spend, people cannot -- people can spend and not be happy. it does not tell us we will see an increase in gdp. we will check out those revised numbers on thursday and then on friday we get the income

junko juncker struck a truce aimed at clearing the way -- european commission president jean-claude juncker struck a truce aimed at clearing the way for negotiations. allocate. you farm out the trust that people are giving you. what kind of phone calls are you getting from your managers and clients these days? guest: certainly all focused on these geopolitical risks everyone is watching in the headlines. we've been encouraging the advisors and clients we work with to really focus on the fundamentals. while economic growth and the earnings backdrop certainly are decelerating, it is still moving along in a positive direction, so we are suggesting a balanced approach to risk for 2019, and we think investors should not chop on quality, both on the equities side and the fixed income side. vonnie: it seems like it is changing every day. just look at the last 24 hours in u.s. fixed income. what are you supposed to make of that? quality is the word everyone is using today. companies with low earnings variability, good balance sheets. we look for areas that have the ability to maintain profit margin

s jean claude juncker justin trudeau also on the list. soleberg and ek it nolg executives joining us too. jack dorsey, the ceo of twitter. brad smith, the president of microsoft, and for facebook, nick kleg, the head of communications, the former u.k. politician who now works for the social media company. >> deep pockets will work in this case, and we'll protect many of those social media companies from competitions. that said, short-term, it could be costly exercise for investors. already social media companies employ conat any time moderators facebook just yesterday increased a minimum wage for those conat the particular time curators and moderators where are there could be a cost to play here. artificial intelligence, technology platforms do not have the expertise just to simply automatically take down content that they wish to remove in a very swift fashion we saw that in the christ church attack, it took almost 30 minutes for facebook to be notified by social media users that there was a problem that this evident auto was being lives

as what they might try and do in the more near-term before the current commission under jean claude juncker will be trying to strike a trade deal with the united states or at least reach some kind of skeletal agreement with the united states before the end of october when this current commission term ends, and in terms of the leaders, what they themselves individually face back in their home countries, one of the people to watch closely during the elections is going to be veictor, the head of the hungarian government he has been a divisive figure among yourp even leaders, especially when it comes to migration dating back to 2015, and the crisis there steshlgly refused to play -- he has been suspended from one of the main parties here the epp. he will be here in attendance. we've actually just been at the epp meeting ahead of this informal summit, and there were a whole number of heads of state there, including angela merkel she'll be coming here perhaps one of the last summits where she is able to make they are views clear. it will be interesting to see at the end of the statement later on

the outgoing european commission president in the context of jean-claude juncker saying the eu wouldd again. the eu does not want to be the bad guys but it is clear boris johnson will have another go at trying to get a deal. it is not straight to parliament or straight to hard brexit. some of the other candidates might -- for tets, fairly balanced. is following u.s. treasuries. the price i can the u.k. is fairly sensible at the moment -- a price hike in the u.k. is fairly sensible at the moment. market wise, purely if you look at sterling, it is not telling us much because we knew she would go at some point and it seems as though a possible replacement will not be much different. vonnie: i am sure there were colorful conversations on the trading floors today. did you see anybody actually change their outlook materially for what happens across assets in the u.k.? marcus: not at the moment. we have a few weeks to flesh out whether boris johnson will be the leader and therefore prime minister. it could all go wrong. most of the most likely candidates are not wildly toward what he will g

maria: jean claude juncker will want to find out who was going to succeed him.or the european commission. he will be gone by the end of the year. every institution is in transition in brussels and he would like to see the man in charge of the institution he has led. weber,ould be manfred but we understand it is difficult for him to pull a majority. we also have emmanuel macron showing his cards that he will push for michel barnier, who we all know. tom: within this is the power between brussels as the new political experiment, and the nations of europe. who won, the nations and national leaders, or brussels? youa: many would tell turnout was very high. we did get europeans to go out and vote on a european election, not just the national ones. when you look at the making of this new parliamentary, the pro-european majority is holding despite brexit, despite the economic crisis and the many issues we have talked about. when you see the national populist threat take off places like italy, that was never going to be a surprise, but it makes things more difficult. th

in has been 10 months since president trump and jean claude juncker struck a truce aimed at clearing. talks have done little more than avoid auto tariffs. that is likely to complicate negotiations. morgan stanley ceo does not see a collapse and stocks coming, but told bloomberg equity markets have more outside than downside -- upside than downside. any recession would likely be shallow and short. the justice department has a new demand for approving the merger between t-mobile and sprint. they want the companies to lay the groundwork for a new wireless carrier with its own network. they were considering additional concessions that could win approval for the deal. global news 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm sebastian salek and this is bloomberg. tom: thank you so much. equities, bonds, bonds, currencies, commodities. a lift to the market, futures up 12. the dollar index is lifting up. on to the next screen with oil on bid after two difficult days. the vix 17 right now. there is the dow cl

. >>> european commission president jean claude juncker saying the brexit deal will not be reopened. he arrived for a european union summit that there will be no renegotiation. >>> severe weather continuing across the central united states a possible tornado causing widespread damage in indiana funnel clouds reported in the area no injuries though were reported luckily. >>> the annual charity auction with warren buffett with an all-time high price with at least two bidders above the previous top winning bid of $3.4 million back in 2012 the auction which began late sunday ends on friday. all of the proceeds go to the san francisco-based glide anti-poverty group we'll keep you posted on the price tag. that's the news update this hour kelly, back to you. >> sue, thank you. about 90 minutes until the closing bell we're around session lows at this hour. a quick look the dow was up more than 130 points earlier it's now down 50 s&p and dow down two tenths. we'll watch it closely, ty >>> thank you very much. the chinese goods hit with increased tariffs are now making it to the u.s. to those

by the end of the year, everyone who worked on this deal from donald tusk to jean claude juncker willchel barnier the man who negotiated the deal. in the words of emmanuel macron, it is clear he wants him to stay. to key for the europeans is find out who replaces prime minister may. if we get a euro skeptic, the idea of a no deal brexit becomes a figure possibility. european officials will tell you a new prime minister cannot walk into brussels and changing deal in the making for two years. that will simply not happen and it is delusional to think someone can come here in one day and get a new and improved deal. tom: i want to go back to the power essay you wrote, a parliamentary power. explain to us the uniqueness of the british process and the strength of the conservative party, or indeed their weaknesses as they move forward. alan: there weakness is our thatm is meant for parties have a majority in the house of commons and the conservative party doesn't. it looks unlikely anytime in the future they will have a majority, so any new leader is facing the same structural constraint tha

supporting remain would be able to name a single person standing right now to take the job of jean—claude junckert at least if you are in control of your future... hang on a minute, hang on a minute. you and you keep want a no—deal brexit. what should someone do if they want to brexit but they wa nted do if they want to brexit but they wanted to be, as daniel hannan said, orderly and amiable? this whole idea again that a cliff edge, catastrophic or no deal, so on and so forth, if this had been done properly from the outset... so no deal would lead to no economic turmoil? if she had spent that time with the eu making sure... but we are where we are. i'm so sorry, i'm just going to repeat my question, if you want brexit but you want an orderly brexit, who should you vote for? if you want brexit, you have to vote the brexit party. if you want an orderly brexit? you should still vote for the brexit party because i can tell you with absolute certainty that if the eu commission had created contingency plans, whitehall has created contingency plans, it is in nobody's interest to create a self—inflicted

another key question, who will succeed european commission president jean-claude juncker when his term a majority of parliament will have to settle on a successor. >>> well, in the uk, the newly formed brexit party was the big winner. despite its gains in the parliamentary election, nina dos santos reports the country remains divided over whether to leave the eu. >> reporter: just four months after being formed, nigel farage's brexit party, which is campaigning for brexit to take place as soon as possible, swept the board coming in in pole position with just under a third of the national vote. it secured 29 seats in brussels and nigel farage accepting his re-election here in the seat of southeast england spoke to cnn from the city of southampton, saying that he wants to use this as a vehicle for steering those brexit negotiations that the government is holding with the eu and also to campaign for changing the two-party system in westminster thereafter. how confident are you that you can translate this into a national party? >> that will depend to a large -- i mean the answer is yes, we

anna: those are some of the leading candidate in the race to replace commission president jean-claude junckerate taking part in a in london last night. individual movers on the stoxx 600, annmarie hordern has been tracking them? annmarie: we have this one of 2.5%, resulting in the estimate in their operating profit, it was a narrower loss. we have been talking about this company a lot, they will be taking over the also exchange, the highest analyst estimates so they got a big boost, after beating them. . burberry sales came in line with expectations, but morgan stanley put a note out and said he might -- there isecause no evidence for the sales. -- the newr just designer at the fashion house just had a new collection hit stores, so there was no time to actually gauge the sales of the collection. anna: the president of the restrictates moved to huawei from the american market. he is also giving the au six -- given the e.u. six months to curb imports to the united states. this executive order, what could it mean for companies? you have taken an executive order to stop some of these chinese busi

brangham: then came an anti- immigration campaign targeting europeancommission president jean-claude juncker well as hungarian billionaire orge soros. orban's increased crackdown on the hungarian media has also eated strain with the e. the "committee to pros"ct journalist warns that orban has "crippled the independent press" and is a "threat to the e.u. as an institution." but there was no such criticism the oval office today president trump pressed to loosen hungary's reliancon russia and china, and build closer ties with the u.s. for more on what this newfound alliance means for hungary and for europe we turnhao charles kun. he was the senior director for european affairs on the national security council staff during the obama white house. he is now a senior fellow at the council on foreign relations, and a professor at georgetown university. welcome back to the newshour. th youd to be >> for people who have not been following vik viktor orban's career or where he sits in the orbit of european politicsk tell us por about him. >> well, as your piece said, he starts off as a disheveled liber

sitting on top of all of the eu's institutions, sitting atop the bureaucracy, the jean—claude junckerlly have their eye on, ithink. what the leaders really have their eye on, i think. what we got on that was this announcement today that they are going to call a special summit immediately after the eu elections happen at the end of this month. and thatis happen at the end of this month. and that is so these leaders can move fast. they will look at the results of those elections, see the balance of those elections, see the balance of power and parties across europe, of power and parties across europe, of right and left, eurosceptic, liberal, green, they will sit down to put forward who they think, this is the national leaders, the president and prime minister is, who they want in that top job. and that is to keep the initiative in their hands and not let it go to the new european parliament that will have just been elected. —— presidents and prime ministers. because they will wa nt to prime ministers. because they will want to push their own idea forward for the candidate. this is the l