and germany's chancellor angela merkel worked closely with french president emmanuel mccrone in order to forge the steel merkel said that she was very relieved and described the deal as a good signal she talked about how the leaders work their way toward an agreement. scott trog there were questions on covenants for example questions as to how the member states can actually very fine whether this money is well spent in the beginning i thought well can actually do that can these different viewpoints be bridged and then one worked on this for days with great intensity and a lot of creativity and we were able to do that it was possible and i think that this means we can be encouraged we can be hopeful that this next stage for you have to be something that we can. actually get together while the german chancellor speaking a short while ago let's go straight now to correspondent marina strauss who is standing by with the view from brussels so walk us through the details sara leaders agreed to hand out 390000000000 euro so money that doesn't have to be paid back instead of the 500000000000

the bloc that don't need to be repaid the german chancellor angela merkel and french president emmanuel mccrone have been trying to broker a compromise by offering e.u. countries a combination of loans and grants but even latest can't agree on how to do this. these compromises and i say this very clearly will not be made at the cost of european goals not out of principle but will be made because we are facing an unprecedented health economic and social crisis and because our countries need it european unity needs is the mission a fierce argument also erupted between the dutch prime minister mark rutte or and his hung garion counterpart viktor orban over whether money should be withheld from countries that fail to live up to the e.u.'s core values in recent years victor or bans governments been accused of attacks on the media minorities and the rule of law charges which he denies i don't know what is the person all reason for the dutch prime minister to me or hungary but he's attacking saul harshly and making very clear that because hungary in his opinion does not respect the rule of law must be

after a very long session we have reached a good conclusion and i'm very happy about that emmanuel mccrone the french president and i are sitting with you here today and we can say that between 18th of may our joint initiative on the 21st of july we have covered an important distance in which europe has shown that it is prepared to go in new ways in a very special situation. i believe that is necessary extraordinary events and in this case that's the pandemic that has reached a school demands extraordinary new methods. and this was in. the german chancellor speaking earlier let's go straight to correspondent maria strauss who is standing by in brussels marina walk us through the details. leaders agreed to hand out 390000000000 euro grants that is a less than the 500000000000 yours that were originally proposed by you council president sharma shell instead but the overall funds will remain 750000000000 euro so there's also a certain amount of loans included here so it is the 1st time in history that the e.u. takes up mutual ised that there was a huge taboo before that so this is really a bi

french president emmanuel mccrone who helped to pull the deal across the finish line along with german chancellor angela merkel called the deal truly historic. to simply put us we have put in place a capacity to borrow collectively to put in place a collective recovery plan for the 1st time the objective which we arrived at was a package of 750000000000 euros in total we ended up by having everyone's agreement as chancellor merkel has said for $390000000000.00 euros worth of grants but this is a substantial package which will enable each country to finance a good part of their national plans i wouldn't want to go into this will be we have a great responsibility with 200000000000 euros we have the possibility to strongly relaunch italy to change the pace of the country now we must hurry i must use this money for investments for structural reforms we must begin that the economic growth for sustainable development that we have been pursuing for years without ever achieving it at least not with the timing it was not easy that we needed so many days shows that we came from different directi

the bloc that don't need to be repaid the german chancellor angela merkel and french president emmanuel mccrone have been trying to broker a compromise by offering e.u. countries a combination of loans and grants but can't agree on how to do this. these compromises and i say this very clearly it will not be made at the cost of the european goal not out of principle but will be made because we are facing an unprecedented health economic and social crisis and because our countries need it european unity needs it a fierce argument also erupted between the dutch prime minister mark reiter and his hung garion counterpart viktor orban over whether money should be withheld from countries that fail to live up to the e.u.'s core values in recent years victor or bans governments been accused of attacks on the media minorities and the rule of law charges which he denies i don't know what is the person lol. reason for the dutch prime minister to meet me or hungary but he's attacking saul harshly and making very clear that because hungary in his opinion does not respect the rule of law must be punished fina

new, this morning, french president emmanuel mccrone named the new prime minister. mccrone is reshuffling the government to restart the economy after months of lockdown. the prime minister is jean castillo, previously recording the strategy. in france, the president is ahead of the state, but the prime minister runs the day-to- day government. >>> many police departments have few african-american police officers, and others an effort to change that. information from the justice department shows 90 percent of local police chief around the country were white. and 2016, only african-american since the death of orre calls f police departments to hire more minority officers, especially in african-someone that looks like me or looks like him, that knows the community -- >> if we want to change the community, how much money are we putting in recruitment? if it is $26,000, it's not enough. >> law enforcement experts say african-american candidates face challenges when they apply for police forces, including discrimination, background checks and, and nepotism in the hiring p

. >>> welcome back to mornings on fox 2, neo, the french president emmanuelle mccrone named a new prime minister. he is reshuffling the government in order to focus on restarting the french economy after months of lockdown. the prime minister is sean castillo, who previously coordinated francis reopening strategy, the president is head of state, with wide powers, but the prime minister runs dated a government. >>> napa county now has a covid- 19 compliance task force, increasing efforts to increase the public during the pandemic. county and city agencies will be teaming up to monitor complaints about base coverings and other violations of local health orders, violators could be fined. >>> a new development in the santa clara school district about an in person school board meeting where dozens of school administrators may have been exposed to covid-19. had of the district brought to the incident to light during a school board meeting on june 25, and i talked about a meeting a few days earlier where school leaders were exposed to coronavirus. >>> one of the members of our leadership team

we also had a reshuffling of the mccrone government on monday -- emmanuel macron government. for a new this government who wants to stay ahead for the next couple years? asathan: the reappointment prime minister teens president macron -- means president macron could -- seenink this is generally is taking an even higher profile himself. all of this is in view of the run-up of the next presidential election. francine: what does a nupathe look like under this new prime minister? the party was delta quite a blow last month. what are people -- the party was delta quite a blow last month. what are people unhappy about? part of: unhappiness is the national way of life, and there has been criticism of the andling of the coronavirus, emmanuel macron is seen by ,eople as being out of touch having gone to the right. the-has lost the ground, local elections, the green protest policies did well out of this. he has to rebuild for the next presidential election. throughout the case his session. there is no strong opponent, no strong contender for his position. he has to refashion the messag

learns what she says a president mccrone of his government's failures and accuses them of deliberately lying to the public is opposed correspondent sean the dubin ski. emmanuel marc bolan adding the french government are again under pressure this time it's over the initial response to the code 19 crisis the backlash has already seen several more seats and even of all of entry inquiry now the leader of the national rally marking the pen has waded in to the debate you might guess what i realize that the new government is in process of repeating more or less the same mistakes as the previous one even though dozens of other countries are seeing a substantial increase in coronavirus cases and that a new territory hospitals are putting in terms of kid missions for people coming over turning from abroad in this book the coronavirus book from fiasco to a place the party claims president back calling his government to misled the public during the pandemic many issues have been raised 1st there's the wearing of face marks it points out that when the look down was announced stocks of mosques were taken by the government with policies but for the selling them to the gen

also, edward philippe has been asked by emmanuel macron, even though he is going back to a askl mayor, mccroneew confident -- to prepare the next election of 2022, because mccrone thinks the party that had a defeat last weekend i cannot be the right vehicle for the next election. guy: nice update. think you much indeed. we will look the news on the announced it's regarding cabinet posts over the next few hours and probably weekend as well. caroline connan on the new french president. market have more on the from j.p. morgan asset management. we will kick it off with political risk. ♪ ♪ guy: the stocks are trading lower. it's like volume. we have the u.s. out and we are also watching developments in the united states, particularly when it comes to virus risk. you saw the comments yesterday, quite alarming in so many ways. is j.p.us to discuss morgan asset management mobile market strategist vincent juvyns . i want to talk about the virus, but let's start with the political risk. we have been talking to gary in paris about france. we also have an election coming up in the united states. are inve