that is quite an indictment that says germans don't think britain is a big player in the eu economy. guest: perhaps germans don't feel the britons are a major economic player within the european union, but as i tried to point out already, germans think britons are very decisive for the cultural way of how europe is working and that is why germans want to keep the britons in the european union. and you are right that written leaving the european union would not make so much of a difference within the economy. the cultural part is more important. brent: thank you very much. we are going to take a short break and when we come back, more world news, plus the latest business headlines. stick around for that. >> every woman, every man knows a child needs food. we had a lot of problems. >> that could have easily been us. anyone of us. brent: welcome back. you are with dw news live from berlin. exactly two years since terror group of boko haram kidnapped over 200 girls from their school in a nigerian town, a video has emerged purporting to show some of the missing girls. germany is coalition

last time i checksed, the eu economy not that much different than our economy. our ours not that much better. >> i would take issue with that. in this country you reported an annualized rate. you should multiply that figure by four. europe is growing much faster than -- for what it's worth. >> worth a lot. the year over year rate is 1.6 in europe. slud central banks be treated in terms of how their currencies trade? i don't think the dollar is supposed to be anywhere near 98 or 100. obviously it's not. that's part of the dynamic which is why stocks are weak. other than material stocks. again, what we learned this week is corporate profits, or more importantly even the top line is now five straight quarters. getting worse and worse. and you're in a place here where it's very difficult to justify a lot of these stocks. you know, i don't -- it's all happening -- >> isn't it safe to say that the dollar weakness is really reflective of the fa that what we heard from the fed is they're less optimistic about the economic recovery here? if you go out of the old playbook

of unknown.are large and he also said there is living uncertainty that could hurt british and eu economiesnd jpmorgan could lose $2 billion in brazil under extreme stress. we will continue to bring you the headlines as they come. a are watching updates about financing of the largest tech is this ever. what is the latest? cory: it is a fire sale over at dell. they acquired their i.t. services for 4 billion that -- for the $3 billion, three being $1 billion less than they paid for it. they are announcing they will try to sell a company that essentially allowed for electronic verification of documents. dell trying to sell that. they are looking at selling other assets. us is dell is looking to find anyway to come up with the cash that they can pay off the debt they have been .sing a very expensive acquisition for dell and how their business can afford to pay that and pay down the debt. there were suggestions dell must have been doing better than they were selling in their public results. now they are shedding units left and right for billions of dollars, even at a loss for those i.t. services

he says this looming uncertainty could hurt british and eu economies and jpmorgan could lose millionsf dollars in brazil due to extreme stress. we will continue to review the headlines as a headline that they come. other news we are watching. they plan to finance the largest tech acquisition. our editor at large has been covering the story. headlines and just rolling in. what is the latest? about a week ago, they announced they are going to sell their i.t. services business, which they acquired for $4 billion -- $3 billion. three being less than 84. they are announcing they are -- a to sell documented company which allow for electronic verification of documents. $1.7 billion acquisition by emc. news that they are looking at selling some other assets. a sonic wall and >>. other companies acquired over time there. it shows us that dell is looking to look forway fashion so that they can pick up the debt they have been using -- they had to apply to acquire in emc. a very expensive acquisition for dell. other business can actually pay for that and afford to pay down the stat. --this debt.

eu country has raised against another. that is not an accident. the marketat economies the greatest generators of innovation, wealth, and opportunity, in human history. our quality of life remains in envy of the world. so much so that people are ready to risk everything in the hopes of getting our children the takeings that you cannot .or granted , in the 20ent century, was at constant war. people starved on this continent . families were separated on this continent. now, people desperately want to come here precisely because of what you have created. you cannot take that for granted. unitedt re than europe remains the necessity for all of us. it is a necessity for the united states because europe security and prosperity is inherently indivisible from our own. we cannot cut ourselves off from you. our economies are integrated, our cultures are integrated, our peoples are integrated. of the the response american people to paris and brussels. in our imagination, these are our cities. a strong united europe is a necessity for the world because an integrated europe remains

this as the eu's five biggest economies strike a deal to clamp down on tax avoidance. >> the current events, the panama papers, confirms that we were right to strongly push for such an agreement, but our work is not done yet. >> and gains in the basket for carrefore. solid sales in brazil and spain sending shares to the top of the cac 40. >>> hi, herb. good morning. it's friday. how fantastic a feeling is that? did you have a good night last night? do anything interesting? we had a fantastic event here at cnbc. catalyst is being launched. you'll hear more about that later. the ceo saying they want to play an active role in any consolidation of the european steel sector. they're making these comments right now. it's unclear whether consolidation will take place and with whom. he says that demand is stable today but further growth will be immaterial. again, summarizing that. so we might want to keep an eye out on the company. currently a little higher here in morning trade. over the past three month, up by around 30% or so. speaking of trade, let's show you our european heat map, as we

. ♪ germany is the eu biggest economy and dealing with issues coming quitting an influx in refugees.ket, implications from a potential brexit. , deputyme is jens spahn german finance minister. if i can start with what is happening in greece, how close deale between -- to a between greece and its creditors to unlock another round of bailouts? jens: good evening to london. it is the three institutions negotiating with greece and seeing how far we are but we need the pension reforms which is quite crucial any privatization fund which is very crucial to germany. that was the issue to merkel and , theas were talking about 50 billion privatization fund has to be before the ready -- before the review, and when we had the review in april i hope, then we can talk about the rest. mark: greece has a 2.3 euro payment due on july 20. do you think the payments will be forthcoming before then or will be have a repeat of last summer which was the summer of nervousness for financial markets ahead of the third bailout? everyone wants to avoid the situation we had last summer, we definitely want this.

eu and countries around the world. he said that even this scenario would result in years of uncertainty, and it would hurt the economies britain and the eu. manus: thank you very much, giving us the latest. have the sage of omaha and we have the sage of jamie. he is barely on the money in terms of identifying some of the biggest risks. peter: we all know the brexit is one of them. i'm not sure this is revolutionary. i think that speculating exactly how, if there is a u.k. referendum, and if the u.k. does decide to leave, how brussels will react. i think that is still very much up in the air. manus: i can assure you of this, his temperament and tone of voice -- peter: he has to speak like that now. after the vote -- manus: have you met many friends people recently? peter: i grew up five miles from the border. manus: let's talk about risk. oft we have here is the cost protecting yourself. in real terms, real -- in real terms, year to date. people will write in and send me a bloomberg, this is misrepresented. i grant you, the cost to insure yourself is still 10 times higher than it is on the u.k.. the other markets are no

eu. scenariosd the recent , the economy regardless would shrink by at least 6% by 2030. larry: slapping a price tag on a potential brexit. according to a new report, leaving the european union would be a self-inflicted wound for the u.k.. poorer outside the european union. and that is something the people will want to know if they consider how to vote in this referendum. pounds, a loss of 4500 euros a year for every british household. expected tos gdp is shrink 6% by 2030. that is according to the best of three scenarios examined by the reports in which the u.k. would negotiate a trade deal. the country could fare significantly worse. if the u.k. were to remain, the report forecasts for percent gdp growth by 2030. and according to george osborne, a renegotiation is widely unrealistic. should negotiate some other deals only have access to the single markets, we have to assess the costs and obligations of an eu membership. other member states have made it very clear that -- [indiscernible] larry: others have dismissed the report as scaremongering. but the warning signs are

trade deal, the british economy would shrink by 6% if the u.k. votes to leave the eu. a brexit says that would cause -- cost each household the equivalent of 5000 pounds a year. the research examined three options for britain including trade deals that exist with -- similar to those that exist with canada and norway. airline qantasan is not having a good day. aftern 10% in trading plans to scale back expansion of its domestic services. they were planning to increase internal flights by 2% in the second half of this year and now said growth will be less than half of that. they blamed falling demand and the drop in consumer confidence ahead of elections in australia. >> finally onto the entertainment industry. amazon is setting its sights on netflix. >> they will start offering their streaming service as a standalone product, putting that in direct competition with netflix. the new service will be cheaper than netflix and will allow access to shows including transparent and the man in the high castle. also investing on buying up the back catalog of older hbo shows. the

a move to leave the eu would hurt the pound and the eu -- and the u.k. economy. anna: the very warm welcome to "countdown" everyone. let us start with some breaking news. let us go to scandinavia. we have first-quarter numbers coming through from the scandinavian lender. they are talking about their net krone.numbers at 4.31 that looks to be ahead of estimates. around the broader operating conditions they see week stock market producing lower commission in comfort that is a backward kind of statement about the previous quarter. they talk about q1 net interest coming in at 5.2 one billion krone. they talk about increased lending volume and a lower market interest rate weighing on their net interest income. that is interesting because we had diverted views regarding these numbers. divergent numbers regarding these numbers. through has increased 2015 and that would make life tough for this business. they have a new ceo. she is said to be talking to us 9:20 a.m.oomberg at u.k. 10. frome also getting numbers the aerospace and defense industry. first quarter adjusted r

nicola: if we leave the eu, that is going to add to the uncertainty and there are going to be huge risks to our economyare 2.3 million jobs directly dependent on our relationship to the eu. onecbi reckons about million of those jobs will go. francine: do you think we will leave? jon: i think those numbers are a bit aggressive. i don't think we will leave. i think the vote will be to stay in. i think people will be too frightened of the possibilities. they would be right to be. nicola: the bookies think we will stay in and they seem to be better at judging these things. francine: thank you so much. nicola horlick and jon moulton from better capital. up next, what happens when things don't go to plan in the turnaround business. ♪ jon moulton, founder of better capital, is still with us. we talked a little about brexit. we talked a little about qe. how do you turn around steel? there's all this controversy regarding tata steel. jon: i think it is incredibly difficult. the basics of the industry are really horrible. massive overcapacity globally. very price insensitive. they will operate at pretty well any

eu. he said the economy would be 6% smaller by 2030 in the event of a brexit. this looks to examine the cost and benefits of britain's eu membership. speaking to julia at the imf meeting in washington, he warned of the consequences of a brexit. >> i hope the british people remain in and i think they are getting a clear message from around the world that there are great economic benefits to remain in and costs if we leave. if we do leave, then we'll have to deal with the situation. there will be a two-year negotiation around the exit from the eu. and, of course, england will be alert to the financial stability consequences of that. but we are clear leaving would cause an economic shock and a long-term economic cost for the u.k. that's one of the messages they are hearing. >> the ceo of havas is with us, yannick bollore. i know this is a concern for janet yellin, but in terms of the broader european economy, it would be an event to have negative ramifications? >> can i be fully honest with you? >> please. >> i think in europe it's a major event. it's an opportunit

economy, if britain votes to leave the eu what about the impact on the area economy if such an eventualityccurs? lucio: all that i can say about that is that the european union leaders have made a concerted effort to take into account all of the requests of the british government. the union believes that we have a fair proposal for the recognition of the relations between the union and the united kingdom, and we look forward to presentation of those expectations. that is as much as i will say about the subject. betty: i want to bring us to the united states, where you are right now. how much is the fed policy and theyill they or when will raise rates and what is the data showing us, and the uncertainty -- how much of that combo kates your mission in europe? lucio: thank you for that. indicated that the european commission typically doesn't take an issue. betty: but it is more about the economic environment? -- new york, where he lived for many years. the behavior of the federal reserve -- it is something that in my past life i dedicated a significant amount of time and work without necessa

economy more generally. of risk, if britain leaves the eu, of bad things happening to the economy, takes over, that would belikely to swing it the other way. in general, people do have a certain risk aversion that tends to kick in later, hence the forecast. reasonablyre sort of important issues on both sides of the argument, which is perhaps why the polls are so finely balanced at the moment. francine: great stuff. thank you for coming on, matt gh, founder of number crusher politics. if you want to see those polls, you can go to bloomberg.com. to break, i want to show you our chart of the hour. top five countries for remittances, nationals working abroad and sending money back home, india china, the philippines, mexico, and france. this is the one that surprised us in the newsroom. france received an estimated $23 million last year from workers overseas. that may play into whether the eu stays together or not. much for that. up next, after hackers stole phones from bangladesh's central bank and moved to the ruvell's exchange rate, could we see more cyberattacks? ♪ francine: the fiat chrysler chairman has re

with thenigration crisis, but britain has always had financial linkages throughout the world economy. the eua precedent and we have party seen the politics picking up in the populist movement. if britain leaves, it could be similar with greece. someone can leave, what does that mean? suddenly you start to see others breaking away. then it becomes a confidence issue. ultimately markets are driven by confidence, and a exit might have very little economic effect, but the animal spirit will be the easiest thing to point to. francine: your very good at looking at the animal spirit in world growth. what are the animal spirits telling us about negative rates? is there a wave that is countered by the governor kuroda saying that they not only not work but they are detrimental to the world economy? >> i think that has been the big surprise. when they were looking at scandinavia, at switzerland, there wasn't much fallout. the economics are questionable but i didn't have that downside. than the ecb goes deeper, it goes back to japan, and suddenly everyone is talking about what the central banks are doin

former ministers of foreign affairs and defense talked about leaving the eu would affect the national budget, economy and military alliances. this is two hours. .. >> reporter: the final evidence taking session will go to the witnesses now but first identify yourself for the record. >> i'm a member of the british your campaign. >> a member of parliament. >> thank you very much. let me explain how we're going to stretch of this. i invite each of you to make an opening statement no more than 500 words. then we will put questions to each of you and give ten minutes into which to do so. then at the end i may invite you to make very brief remarks and comments on things you may have heard in the session. so we can begin so we can invite you. >> thank you very much chairman. i would begin by congratulating the committee on the nature of the meeting. i think it is probably the first time the s&p and conservatives have joined platforms in support of this particular campaign. if it's successful, time will tell. we are speaking in personal capacity, perhaps i should save to the committee where i'm personally co

economy. and my view is that the risks are in remaining in the eu. if you look, why should we remain tethered to this anti-democratic system -- >> sorry, i'm not talking -- i'm not now asking you questions about the long term. i'm asking you questions about the short term. the period before, we've your relationship with the eu. the period before we negotiated 15 new trade agreements. when the governor of the bank of england is telling us that there would be volatility in the foreign exchange markets, this would have a detrimental impact on foreign direct investment, on investment in the british economy, particularly in the tradable goods sector, and on household consumption. now if you could just look beyond the city of london, in the northeast we have 140,000 manufacturing jobs dependent on exports to the eu. and nissan and hitachi, the two biggest direct foreign investors, have both said they would not invest more in the event of brexit. do you think, therefore, it is responsible to dismiss as airy-fairy these concerns about uncertainty and the imp

the economy is doing ok, we need to stay in the eu. those against staying will say look at the global economy, look at china, look at the rest, there is something for everyone, but the global economy is slowing. betty: we have to put this to rest. the anticipation is killing me. taylor has more from our newsroom. >> donald trump turns to foreign policy less than one hour from now come a day after winning all five northeastern primaries. the republican presidential front-runner will discuss trade and national security. trump has done to global leaders and foreign-policy professionals with his proposals, like his promise to ban all muslims from entering the u.s. trump has declared himself the present of nominee. that's presumptive nominee. z says he will be making a major announcement at four clock p.m. eastern this 4:00 p.m. eastern. lost to bernie sanders in rhode island but has 90% of the delegates she needs for the nomination. sanders says he will campaign all the way to the convention in july. in chicago, dennis hastert will be sente

eu. we look at what it could mean for the u.k. economy. mark:-- betty: lloyd blankfein with oh-fer -- worst first quarter during his tenure. can they rebounded -- with a closer look. mark: we looked the market for renewable energy. efg-hermes buys a major stake in a wind farmport lio in europe. we will talk with the cohead of private equity, karim moussa. betty: from bloomberg world headquarters in new york, it is 90 minutes into the trading session. let's head back to the markets desk. julie hyman has the latest. we are trying to climb back from the lowes of our session here. julie: indeed, those stocks are not doing much directionally today. all three major averages are little changed at the moment. -- 2100,ve 2100 18,000 and 18,000 on the dow and the s&p respectively. consumer staples are the worst performing groups, in part because of those numbers by coke driving down chairs. i want to check on oil prices now that we have a half hour between us and the weekly inventory prices. it is now known only one-third of 1%. we saw a fourth stra

eu. this will be disruptive. >> the organization warned of slow growth and developing economies. >>> boeing has open talks to sell airplanes to iran. if an agreement is reached it would be one of the highest profile deals between an american company and the country since the sanctions were lifted. michelle cruz has more on this untapped aviation market and the challenges that remain. >> reporter: iran's fleet of commercial jets is one of the world's oldest. after decades of economic sanctions, many are 25 years old. there is a population of 80 million and pent up for travel after isolation. making iran one of the world's few untapped markets for jet makers. in january they announced a deal with boeing's top competitor, air bus. now boeing joining ge, which sends the head of oil and gas business to iran last month, boeing still faces two major hurdles. it's still difficult for companies to get loans for western banks and any deal needs final approval from the u.s. government and may not include the technology needed to make parts locally. that could touch nerves at home. >>> what does one of

forward because it would add billions to our economy and set the standards for the rest of the world to follow. national security together with our partners in the eu, we avoid the calamity of an iranian nuclear weapon. we secured the first on climate change being signed today by over 150 governments at the united nation. we transformed the way we use our aid and diplomacy and our military together to make progress on some of the most difficult issues of our time. for example, in east africa, we helped to turn around the

economics said the upcoming eu referendum are waiting on the economy.rowth will be subdued this quarter. markit also released its data on services. slight improvement to 53.1 but not as good as the initial estimate of 53.7. that means the economy probably grew .3% in the first quarter. ecbh was the month when the pulled the trigger on stimulus. it will be fascinating to see what impact it will have on this sort of data in coming months. betty: let's turn to what's going on around the world with erik schatzker. : greece has suspended deportations to turkey and acknowledged that most refugees detained on greek islands have applied for asylum. the european union began sending back migrants yesterday but no transfers were planned for today. the vatican says talks are underway about a possible trip by pope francis degrees. it would coincide with the controversial eu plan to stem the flow of refugees. the world's largest sovereign wealth fund is being pressured to get rid of its tax havens. that's the latest from the panama papers scandals over politicians us

britain leaving the eu so concerning for the u.s. economy? how concerned are you about a brexit? we are not that concerned. it could be disruptive. there is a low probability. there is 80% likelihood that britain stays in the eurozone. obama's tripsident to london the editorial he wrote for a newspaper encouraging voters not to vote for brexit. have onect would brexit the u.s.? >> the eurozone would have leaving theh likely feds to be accommodated for longer but i do not think it will be major impacts on the u.s. gdp going forward. it would be a second order 10th of a percent difference of that. lisa: i have got to think at a certain point is this just the fed looking for an excuse or reasons not to hike? it seems they are going to keep rates low. does this lead you to make the conclusion that it is a good time to be buying investment assetsredit, other u.s. that rely on rates to stay low? issue and we think that the global economy will be stronger has led us to have a risk on portfolio. we like high-yield and residential mortgages. we have a risk on portfolio. we think the marke

next hour is what does this mean for us if the uk were to leave the eu, what does it mean for our national security and the us economy happened within the eu. the universal passport essentially that you get if you are admitted to one european union country, say greece. you can travel freely around the other european union's without a visa. and as tens and thousands of syrian refugees have swarmed into europe, there are concerns especially in britain about whether all those people have arrived with the best intentions. we know at least one of the paris attackers was somebody who arrived as a so-called refugee. heather: that is a huge security concern there as it's a security concern we share here with our visa waiver program so expect that folks there following this closely will continue to explore that angle and figure out what they want for the future of their country you want to we are expecting david cameron, the prime minister and the president toemerge . we would hope to have them a bit earlier but it's taking in time. heather: we will hear what they have to say later and desperate say, hey president obama, but

meanwhile, the french economy minister says leaving the eu would weaken its power within the world. he will attempt to persuade china to drastically scale back its production. you are part of the eu. you are credible because you are part of the eu. your domestic market is not relative to china. reporter: global news 24 hours a day, powered by 2400 journalists in more than 150 news bureaus around the world. you can find more stories on bloomberg at top . guy: thank you very much, yvonne. cron's political ambitions? let's talk about what is happening with crude oil. the main sticking point remains the old one. the saudi's refused to limit supply without a commitment from iran. we are joined now by our middle east editor in doha. blockbuster thwalk us through te action, elliott. reporter: we knew there was going to be one of two outcomes, deal or no deal. no deal seems to be the more likely outcome. saturday night came and it seemed an agreement had been reached. they were all on board, but then alexander novak, the russian oil minister, says some countries changed their position r

osborne has come out with a analysis that is leaving the eu would shrink the british economy.be permanent because lower trade and investments. in germany, chancellor angela merkel is feeling the heat over the case of a comedian accused of insulting turkey's president. poll, twoto a new thirds of the germans surveyed think she made the wrong decision. she's depending on the turkish leader to help deal with the refugee crisis. saudi arabia will try limit the impact of subsidy cuts on its citizens. the deputy prime grants tells bloomberg the government will provide cash to lowering comes out is that rely on the subsidies. saudi arabia is responding to falling oil prices by cutting subsidies for gasoline, electricity, oil and water. donald trumpow with 50% going into the primaries. he leads republican rival ted cruz. john kasich is next to 19%. clinton -- the poll has beating sanders. clinton is a former new york senator, sanders grew up in brooklyn. i'm caroline hyde. tom: caroline, thank you. we are only doing this because i have a bag of lay's potato chips 11:00 a.m., pepsi-col

osborne's intervention comes after the french economy minister told britain that outside the eu it woulde "completely killed and trade talks." here is osborne on how the u.k. currently enjoys the best of both worlds by being in the eu. >> we are not in the single currency. not in the three border area. we have a special status in the eu and that gives us the best of both worlds. influence over the single market without the obligations, membership of the euro and open borders would bring. betty: according to a poll conducted online, people are pretty split. 40% of voters want to remain in the eu. 39% want to leave and there is 21%, 1/5 of voters, who basically just don't know yet. they have to know before the vote. anyone interested in how the decision is evolving can go to brex. the fortune enables you to monitor the latest news polls, and indicators relative to the referendum. more bloomberg markets, coming up. mark: you are watching bloomberg markets. i mark barton in london. betty: i'm betty liu in new york. it is time for the bloomberg business flash. a victory for google in the supr

and i would say this, i don't see the eu as a capitalist e n economy anymore. i don't.rry about the tax harm niization, and britain has very low tax rates, and that is a good thing, and the britain economy has outperformed the american economy, and that is a good thing, so i could live with it. >> the crucial point here of the campaign is that if we leave, we can do the trade deals that we have at the moment, and nothing would change, but what you have to understand is that the european union is terrified that other core members like france and germany are in the poll rating suggesting that they would like a vote like britain, and pick and choose what the european union is, and therefore the reaction of the european union from the uk doing this is to really play hardball and say, no you don't get the trade deals, and you are outside of the bloc for the fear that others will follow them, larry. >> i don't disagree with the logic, but what i am saying is that at the moment, i don't believe that trade or banking which is the big issue, and the big issue is isis and immigra

even in the best case scenario, there would be years of uncertainty which would hurt the economy of both the u.k. and eu. a brazilian congressional report has recommended that impeachment againstngs between -- the president moves forward. she pleased that she used illegal financing. the charges are baseless and her supporters called the campaign .gainst her and attempted coup john kerry has set a record become the most traveled secretary of state in history. his trip to bahrain takes a total mileage to 1.0 6 million. million, 1000 more than condoleezza rice. kerry shows no signs of letting up and will be in japan later this week. one record still eludes him. hillary clinton visited 112 countries. kerry has only managed 81. global news, 24 hours a day, powered by 2400 journalists in more than 150 news bureaus around the world. can find more stories on the bloomberg at top . guy. guy: the minutes from the fed meeting show several officials thought a cautious approach to raising rates would be prudent. this as hiking rates as soon as april could signal a sense of urgency they do not find appropriate. .

he called on the eu members to unite so they can implement the reforms and revitalizing the economy. a stonia is a strong supporter of european unity. >> jap nose electronics manufacturer made getting around stores and public facilities a little easier. it unveiled a talking robot that will assist people. the robot measures 90 centimeters tall. it is capable of identifying people in need of help by using data from the online surveillance camera. >> where is the tourist information? >> do you mean visitor's center? >> yes. i am looking for a japanese souvenir. >> the robot will be able to identify anyone who looks lost and show them the way. if a person asks a question in english, it switches from japanese. they hope to put the robot to use in the 2020 olympics and paralympics in tokyo. >> the popularity of costume play or cost play is heating up in china. in cities like beijing, they are held every weekend. they dress up as favorite characters. we went to meet fans at a recent event. one received more than five million views in five days. the subculture a tracked unlikely players. th

economy if it was to leave the eu. what would be the effect on the rest of the eu if the u.k.eave? preliminaryssions assessment is that economically and in many other aspects come it is much more beneficial for both the u.k. and the rest of the eu that the u.k. stays in the eu and that is our main message and scenario we are working on. guy: we sell president obama, and visit the u.k. and he made it clear that he felt that was the case as well. he seems to have had some effect on the british view. do you think we need to see more european politicians making the same case? in theirt would happen minds if the exit vote was to take place and be successful? of the was the president united states here and not european leaders? >> we cannot talk on behalf of of heads of state and government of different eu member states but i think this message is coming across from all sides in the eu that indeed it makes much more sense for the u.k. to state in the eu. and it would be a negative signal to the u.k. also economically a negative development and also a negative signal for the eu as a

the french economy minister said britain leaving the eu would weaken its power in the world. he will attempt to persuade china to drastically scale back its production of steel. because when you discuss this deal industry with china, you have credibility because you are part of the eu. situationever be in a to make agreements with china because your domestic markets are involved with china. ne: stuart gulliver plans to quit in two years and the bank will appoint a new chairman to help pick a new executive. he took over in 2011. he has gail spector hsbc's operations and cut nearly 90,000 jobs under pressure from unhappy shareholders. the stock has followed about 16% this year. a series of large earthquakes in japan may add to the case for all-day to increase -- for abe to increase physical intervention. 2011 quake and tsunami would justify delaying the height. economists had been calling on him to hold off raising the tax. a british airways flight has landed weekly at you throw after being struck by a drone. reported an object hanging in front of the airbus 320. it is thought

former ministers of foreign affairs and defense talked about leaving the eu would affect the national budget, economynd military alliances.

economy any further. period. pound --y corporate the eu buying corporate bond is not going to help anything.he demand is not there. betty: caroline, jump in. we got that manufacturing data out of china. once again, good news seems to be bad news because they are worried about more stimulus to come. but you make of the manufacturing numbers out of china? >> i think china is doing a great job. they are using fiscal policy and monetary policy tools. they are getting some decent results. the manufacturing numbers are pretty good. the chinese have stabilized the situation with monetary policy, but it is overlaid by very, very ande the displayed of fiscal initiatives moving the reform process in the right direction. the fact that the chinese wan is hanging in there at a relatively high level should be considered a positive because it is good for chinese consumers. what is good for chinese consumers is good for global manufacturers and chinese manufacturers. >> i know you are a man of politics. the cofounder of no label, we are going to play you some sound now. the political focus was very on the p

economies in the world last year. and we know how important trade deals are in driving global growth. in ouremain determined vision of a u.s.-eu trade deal. pushing this forward would create billions for our economies and create the standard for the world to follow. on national security, with our partners in the eu, we used our economic muscle to avoid the nuclear of any iranian weapon. we delivered sanctions to russia in response to its aggression against ukraine. we secure the first ever legally on climate change, being signed by over 150 governments at the united nations. and we transform the way we used our aid, diplomacy, and military to make progress on some of the most difficult issues of our time. in east africa, we helped turn around the prospects for somalia. thanks to an eu operation led by america,nd aided by its waters are no longer a haven for pirates. and we help the people in the region defeat the outbreak of , liberia,ierra leone and ginny. but there are -- and guinea. there is no doubt the situation in libya is challenging. but we finally have a government of national accord with whom we can work. in syria an

eu. we look at what it could mean for the u.k. economy.ty: lloyd blankfein with oh-fer -- worst first quarter during his tenure. can they rebounded -- with a closer look. mark: we looked the market for renewable energy. efg-hermes buys a major stake in a wind farmport lio in europe. we will talk with the cohead of private

that is because of a lack of confidence in the economy and concern the u.k. may vote to leave the euge latest business flash. folks in the netherlands have overwhelmingly rejected a treaty the eu and ukraine. they say this is an ongoing process and the eu will implement what he can with the ukraine deal. this vote is pushing the pound lower. the thinking is the dutch vote could embolden the chances of a brexit.ed grexi why did a judge put this to a vote? : last year, a new law was passed in the netherlands that allows any citizen group that collected 300,000 signatures to put an a lot to a referendum and this is the law they chose to a group of activists spent last fall, sin the country and got enough signatures to put it to a vote. they wanted to make their relationship between the netherlands and the eu more difficult. betty: given that this could be , howe for the brexit strong of a clue? and is this something that international investors outside of europe should be watching closely? celeste: it does signify a growing sense of eu resentment and growing amount of motivation for peo

dombrovskis: the commissioners assessment is it's much more beneficial in terms of economy but also in many other for the u.k.cts and euhe u.k. to stay in the eu. that's the message we are passing across. david: what effect would it have on trade for the eu perspective? mr. dombrovskis: excuse me? david: if the u.k. were to leave, what effect for that have on trade for the european union perspective? mr. dombrovskis: first of all, we are not engaging in detailed speculations and what if's. we are currently on the plan a, that the u.k. stays in the eu. assessments and consequences of leaving would be negative both for the u.k. and for eu. lisa: what is the commission doing our what do they have plans to do to prevent that from happening? to prevent the u.k. from leaving? mr. dombrovskis: as you know, european commission has been very closely involved in negotiations to reach an agreement with the u.k. and 27 other countries. that allows the prime minister cameron to campaign for the u.k. to stay within the eu. factualeady to provide information on the eu. we are not actually campaigning. david: let's talk a little bit a

eu claire, wisconsin. he's lampooned what he calls the corrupt economy. we'll see more how that does for him in the polls in wisconsin where he is ahead of hillary clinton right now. >>> we have been in and out listening to donald trump speaking to a very rnlg enthusi crowd in racine, wisconsin. >>> busy saturday. good saturday to you. nice to have you along. >> welcome to america's news headquarters from washington. >>> we have been watching these events. all we see them we will be bringing them to you live. we are now looking -- this is presumably the ted cruz event. this is carly fiorina. he is in north dakota at the state convention there. we anticipate him to speak at this event, then he will be onward to wisconsin where we assume he will just be hitting the pedal to the metal between now and tuesday. it is a hugely important state to win ahead of win. >> you say why all of a sudden is he heading to north dakota? good question. the state convention is in north dakota, and they pick their delegates there. so who the delegates actually are out of north

economies in the world. -- wew how important remain determined to achieve our vision of a u.s.-eu trade deal and working hard to push this forward because it would add billions to our economies and set the standards for the rest of the world to follow. on national security, together we are partners in the eu, we have used our economic muscle to avoid the calamity of an iranian nuclear weapon. we have delivered sanctions against russia against its aggression in ukraine and security force global and legally binding deal on climate change. only signed today by over 150 governments at the united nations. transformed the way we have used aid, diplomacy, and military together to make progress on some of the most difficult issues of our time. in east africa, we have turned around the prospects for somalia thanks to an eu operation led by britain and supported by america , its waters are no longer a safe haven for pirates. in west africa, british leadership secured one billion euros to support the people of the region two dvd outbreak of ebola with britain taking -- to beat the outbreak o

osborne has come out with the treasury analysis that says leaving the eu would shrink the british economy% by 2030. the report warns the damage to the economy would be permanent because lower trade and investments. says taxing director evasion and the use of shell companies is a crucial challenge. the imf meetings, she says companies -- countries must think outside the box. earlier this month, leaked documents showed how some of the world's richest are hiding their assets. david: dilma rousseff is hanging on by a thread is the lower house voted in favor of impeachment yesterday, setting the road to the present -- to the senate. they are hoping the vice president can help whole brazil's economy out of the downturn if he steps in. for more, we have richard clarida with us. richard: the outperformance has been really incredible. this is the benchmark equity index, up 23% year to date. if your dollar investor, it's a better proposition. up 32% year to date. the realities the strongest of the currencies against the dollar this year. this shows you a whole bunch of things, you can see the rialt

eu claire, wisconsin. he's lampooned what he calls the corrupt economy.ee more how that does for him in the polls in wisconsin where he is ahead of hillary clinton right now. >>> we have been in and o

economy as a whole. can i take you up on one or two issues. we compared nato to the eu and we could go to war to defend another country, but we know what the down side is there. we know what our commitments are. isn't the fundment difference between nato and the eu is it's an open-ended possible sacrifice of sovereignty. the concession the prime minister gained, the so-called red card means that we have to gain support from 14 other countries before we can say no to a piece of unwanted tax directive or regulation. >> you have to go around and consult 14 other officials by which time the game is probably over. it's a nonsense. that's the fundamental difference. it's open-ended sovereignty that is at stake here and we cannot stop the erosion of that sovereignty. >> he's making the point that there's much greater concession of sovereignty in nato. he amplified that you're obliged to go to war to defend another nato country. >> can i just say -- i'm asking you a question. >> that seems to me a rather important -- i mean, going to war, it strikes me as a hugely important dec

eu than it would be outside. we would like to have britain in because they're the more market oriented of the economies of the major economies there with the exception of germany. liz: the market actually dropped down, that's not my phone, is it yours? it's so yours. okay, bob is going to turn it off. austin, you can't yell at me for that one. looking at what we have as far as boris johnson whos is mayor of london, certainly was outspoken, some say he went a little too far, called president obama half kenyan. that's the big insult? he is for britainlisque the european union. >> yes, he has. liz: he understands economics, why is he wrong? >> i don't know why. i think he's on this largely for domestic political reasons. in the u.k. it's stronger in europe than it is outside. within the u.k. it can help influence policy throughout the european union on economic issues and others, it's a more market-oriented economy than many others as i mentioned earlier. the second thing is we want the european union and we want the major members to take very strong positions vis-a-vis russia, and britain has tended to do this, and t

inside the eu will take you much further and develop the eu to a much higher level, and make it a much more competitive .lock within the global economybably a more competitive block than the two powers working separately. of: what about the impact dealing less with reform and what would happen in or out, what about the actual impact of britain leaving? david: they see it as a direct negative impact on their business. we did not ask them to quantify it. i think it is very difficult to put statistics on it but they very much believe there is going to be a significant negative impact on their business going forward. it ishe 7.1% that say better for the u.k. to withdraw from the eu, what is their rationale? able to am not really say that, one, because we did not ask them for their rationale. we just wanted to pull their members and garner their opinions, and present that back to us. to be frank, i have not got that answer. i did not ask them either. guy: i am just curious to know what the argument on the flipside is. just more broadly, when you talk to your members, when you get an idea of what is going on, in a scale of the problems tha

they hope the protest action will pressure the eu to open borders but it is adding more pressure on this country's already fragile economy. >> we are now forced to reroute our trains by bulgaria. we are paying 25% more. it takes longer to delirthe goods. police have tried to keep people from the tracks. authorities have said they have no intention of evacuating the area by force. >> this used to be a transit camp. it is now home to more than 12,000 people. a few hundred have agreed to pay accomodation centers. the majority of the people are reluctant they say it is a lack of trans piece. they have set up this information center to explain to those trapped in greece their official options even as they argue the system is not functioning. >> ouro it's for europe saying it doesn't exist. our message is: listen to the people here on the ground that are not treated according to human rights. their life is set on hold. procedures that are set in place, all. the people of edomini say they are you under impossible strain. refugees continue to believe the border will open along what has become a road to no where. zeina hodr. resi

economy as a whole. alec, can i take you up on one or two issues. we've compared nato to the eu. in one sense, sovereignty with nato, because we could go to war to defend another country. but we know the downside, we know what our commitments are. is there a fundamental difference between nato and the eu, it is an open-ended possible sacrifice of sovereignty. concession that the prime minister gained, the so-called red card, means that we have to gain support from 14 other countries before we can say no to a piece of unwanted tax directed or regulation. it is like a football referee stopping the match, issuing a red card to a player, but before it can actually take effect you have to go around and consult 14 other officials by which time the game is probably over. it is nonsense. that's the fundamental difference. it is open ended sovereignty that is at stake here and we cannot stop the erosion of that sovereignty. >> well, malcolm made the point that the nato alliance has joint operations, has joint forces. and he was making the point in comparison with the foreign policy agreem