denhing in the euro, euro -- euro-yen, euro-dollar, euro swiss, i'm watching all of those. draghi difference in the world. is this a case of the boy who cried wolf? they say, "if inflation falls short of aim." i've got news, it has been short for a long time, and they haven't fixed it. he runs some risk of that, but the alternative, which is to be stubbornly stoic, i don't think is a better alternative. see what you can do and try to keep this thing going. david: very true. you very much for being with us. coming up, facebook's $5 billion fine. what increased regulation may mean for the future. that is next on bloomberg. alix: if you are chipping into the car, listen to bloomberg channel 119ius xm and the bloomberg business app. this is bloomberg. ♪ >> facebook betrayed the trust of its users and deceived them about their ability to control their personal information. >> this is what accountability looks like. as part of a settlement, we have to pay a major fine, and there are now very clear rules around how we need to operate on this. david: that is mark zuckerberg at a fa

he received just 7000 euros. >> you cannot go against expropriation.f it is in the name of the common gooood, you canannot. >> thousands of land and homeowners are forced to give up part or all of their property. schools, houses, and local infrastructure. there is a new destination for richard branson's space tourism company. >> they are set to be thehe firt company to be publicly traded. they will invest around $800 million for a stake in virgin galacticic. they believeve the deal will gie it enough capital to get a ship into space and to turn a profit. has 600the company people to sign up as space tourists, committing around $80 million to the project. >> summer is here in france, with thick, one of the most famous desserts. your to making that strawberry pie coming up. [streetcar bell clangs] man: if you agree that your mental capacity is completely fine, you say "yes." do you understand? second man: well, more or less. man: i know. it's--it's-- frankly, it's a little weird, i must admit, but this is the final form, so... charlotte hamlyn: david goo

welcome to the euro max new channel. good line of stories. with exclusive insights. and a must see concerning arts and culture in europe. place to be for curious minds. do it yourself networkers. so subscribe and don't miss out. this is the story of 3 sisters. nellie. maria. and norma are the 3 women she.

than 5 percent monday after the lender announced an ambitious restructuring plan with $7400000000.00 euros at the cost of 18000 jobs as c.e.o. christian saving or close the banks struggling equities trading business and shrink other operations significantly. investment bankers were the 1st to go entire teams were given the sack on monday from sydney to london. and could concentrate hard in the sector for years but to no avail this year it's not showing up yet another round of losses for the 4th time in 5 years the restructuring measures announced on sunday are aimed at freeing up the remaining divisions of the bank it's turning its back on its ailing international business and focusing on the domestic market. we've been planning for quite some time that after achieving stabilisation last year cleaning up the balance sheet having costs under control now we want to take the next step and that's to align the bank with its strengths and that's what we're pleased to announce today that the. bank was devastated by the global financial crisis and the share price is yet to recover. legal disputes

puts the cost of restructuring at $7400000000.00 euros however it hopes that will enable it to retake its place among the world's leading financial institutions some analysts are skeptical whether the measures go far enough to solve problems and restore the one time poster child of global finance to the top tier. and let's take a closer look at the biggest planned cut in 2800 s. corporate and investment banking side earned more than 13000000000 euros of that almost 2 came from selling global equities about the business it's now getting out of now compare that to other big investment banks j.p. morgan earned 6200000000 euros in equity sales goldman sachs 6800000000 and morgan stanley 7.9 in other words georgia was pretty far behind now wants to focus on managing financial transactions for its big corporate clients especially german ones and that's the global transaction banking you see there and unions back home welcome the move because it means more job security for them in fact the head of germany's d v union chief called it the right direction so german employees breathe a sigh of r

investigation into the car maker's role in the scandal which was settled last october with an 800000000 euro fine. here watching to give you news business news with monica jones is up next i'll sing at the top of the. what secrets why behind the smile. find out in a burst of experience and explore a fascinating broad cultural heritage sites. d.w. world heritage 36050 now. be our fighters want to start families to become farmers or engineers every one of them has a plan that instantly assume. summoning is just on the children who have always been this all a n.i.c.u. and those that will follow are part of a new kind of success. they could be the future. granting opportunities for global news that matters d. w. made for mines. big day for the u.s. federal reserve investors are on tenterhooks ask the central bank could calm interest rates for the 1st time in lebanon gives to get some analysis from london. also coming up one of the world's biggest contributors to ocean plastic senegal plus a crackdown on touches and by imposing fines on other restricting plastic use. a money could jones and this

low to know interest rates that's what we've had in the euro zone for years now the aim of course is to spur lending and spending in addition the european central bank launched a generous bond purchasing program to support ailing eurozone members all part and parcel of mario draghi has pledged to do whatever it takes to save the euro but critics say it's time to change course. skateboarders in the shadow of the european central bank don't care about the monetary policy of the central bankers the guardians of the euro behind the skatepark have been toiling for years to keep the economy on the financial markets going mario draghi wants a stable euro and healthy public finances for the euro zone and he reminds politicians about this at every press conference. women titian of structural reforms to newark around trees need to be substantially stepped up to most of europe of activity and growth potential reduce structural unemployment and increase resilience after the global financial crisis it was dragging and not the european governments who acted as the savior by buying up around 2.6 tr

is a lot for a 10 billion euro company.hat was the mandate to offset it. we are proud of the work we did. growth has been for the whole industry somewhat of a struggle, driven by microeconomic effects. side,growth on the margin that has been your goal. return, do you see that continuing going forward? thierry: we have a seasonal ,usiness, paint is seasonal people do more painting in the spring and summer, less so when it is freezing. we are looking at the margin expansion for a quarter that has yet to expand, we have to deliver 50% on average in 2020. if you look at the numbers now, we see the management of these different streams to deliver on 15%, so the journey continues. anna: good morning. some analysts remain skeptical looking at the research. they do not see a way you can deliver this 450 basis point margin uplift. it is unlikely in the timeframe given the plans you have. what do you say in reply? thierry: i would be more impressed if that person what our plans are. we are not just making up these plans. the second q

than in the euro zone -- guy: it is better in the u.s. than in the euro zone. mark: i would say the second derivative, the momentum of the downturn in europe is slowed down compared to other places. i'm a little worried in china and the u.s. but the fomc is going to rescue the economy by delivering lots of rate cuts. mark: i think you're just trying to wind me up. the fed has no power to stop the slowdown that is coming. even when they had more than 500 points of rate cuts, they cannot stop a recession coming. guy: a lot of people are talking to be about this idea that we are going through a fairly significant paradigm shift at the moment, and lagarde is part of that. it is a shift away from monetary policy, which is basically done more than it probably can do, and now we move towards a more fiscal solution to what is being experienced here. mark: doesn't that sound quite optimistic? we talked about this for at least the last seven or eight years, that we need fiscal. guy:guy: at some point it is going to happen. you've got a change in the guard in europe that

the estimate was 289 million euros.n the second quarter, adjusted operating income, that looks to be a miss. 225 versus the estimate of 289. the second-quarter adjusted operating income there at 305. the estimate at 289. that's a correction coming through there. that second-quarter adjusted operating income is a beat. the initial number look like a mess. -- miss. second-quarter revenue. 2.4 5 billion euros. the estimate was 2.47. a slight miss on the revenue. to their ceo. don't miss that interview at 7:30 a.m. london time. deutsche bank, we are getting numbers from that. the big focus for investors is going to be the execution of the turnaround plan. if i could get to the headline numbers right now. second-quarter trading revenue at 1.6 9 billion euros. the estimate was 1.7 9 billion. givent a huge a prize what we have seen across other banks in europe and the u.s.. second-quarter fix sales in trading revenue. 1.3 2 billion. a slight be on fixed trails. 369 millions in at euros. the second quarter, missing estimates. 1

euro-dollar reasonably quiet as well. with the u.s. outcome a we are seeing a reasonably quiet period. i wonder whether the quietness is also caused by tomorrow's payroll. everybody waiting to see what that number is ultimately going to be, and whether it changes direction in terms of market pricing surrounding the fed's next rate decision. plenty of great coverage coming up. let's get a first word news update with olivia hows. olivia: at the vatican today, russian president vladimir putin met with pope francis. it is a sign of closer ties between the kremlin and the catholic church. russian officials said the meeting would focus on syria and ukraine. tomorrow's the pope is due to hold talks with the ukraine about conflict in that country. british special forces have seized a supertanker suspected of carrying iranian oil to syria, in violation of u.s. sanctions against the syrians. the tanks are ready to go, and the fighter jets are set for the flyover, all part of president trump's changes to the two directional fourth of july celebra

doing something that's good for the euro is before them. the euro area is also extremely factitious at the moment just just laugh lastly how do you think she'll do at pulling together these very different economies well i think this is really a difficult job if you look at what's going on italy and i think this is where you need some some genius like mario draghi with his board very takes thing and could she emulate him i think she could i think it's very difficult because my drug is a genius and he has done a much better job than his predecessors but i think she has a quality to do the same thing i thank you very much for coming in today refute it . now to some other business stories making headlines inequality and exploitation the nonprofit group oxfam says the conditions of many supermarkets in germany the u.k. and the u.s. a dismal he says the global chains dominate the market reports those they dictate prices with suppliers are making huge margins off and says these practices in the food industry are unsustainable and socially irrespon

stephen: in euro-dollar?uy: you would meet a guy who would intentionally keep a lid on things a little bit more. is that what today's move is? stephen: i don't know. the data will leak and everybody can see for themselves. there is not that much hope here for an organic euro zone recovery. the external factors are very weak from a european perspective. the low delta tale risk scenario, if we were to get public imports on fiscal policy, whether from germany or the euro zone in aggregate. if we were to have that, there is a likely test there is a higher likelihood -- there is a higher likelihood that he would take a much higher spot in the ecb. stephen gallo, joining us. thank you very much indeed. ♪ guy: not long until the europe closes up for the day. it is certainly up. ftse, daca, and -- ftse, dax, all trading higher. the european closes next. this is bloomberg. ♪ guy: 30 seconds to go until the end of regular trading in europe. a positive session underway. the bill of outperformance in norway. europe tradi

it will go on sale in the 1st quarter of 2020 at a price of $27000.00 euros b.m.w. wants more than 2 dozen different electric models under its brand by the year 2023 of the news comes after the munich based firm announced that c.e.o. harald kuga would not stay on after his term expires in april 2020. and that's it for me and the business team you can find out more about these and all of our other stories online at www dot com slash business you can follow us on facebook and twitter i'm stephen birds in berlin thanks for watching. congress. granted. join the ranks on her journey back to freedom. interactive documentary during an orangutan returns home move on t w dot com to tang's. birth. home to those of species. a home worth saving. given those are big changes and most start with small steps but global ideas tell stories of creative people and innovative projects around the world market is the target climate roost drainage solutions and reforestation. interactive content teaching the next generation about environmental protection. issues and all channels available

favor france for example well i think it is it is policy is a policy for the euro area as a whole and i think this is what mario draghi has done and if the euro area prosperous it's good for all member states and so i think it's not good idea to do favor to specific economies but overall it's the euro area is an entity and i think doing something that's good for the euro is good for member states the euro area is also extremely factitious at the moment just just laugh lastly how do you think she'll do at pulling together these very different economies well i think this is really a difficult job if you look at what's going on it's early and i think this is where you need some some genius like mario draghi with his board but he takes the thing and could she emulate him i think she could i think it's very difficult because my drug is a genius and he has done a much better job than his predecessors but i think she has a quality to do the same thing i thank you very much for coming in today for shit. now one in 3 german jobs depend on exports and the international taff dispute is increasin

paying up to $1000.00 euros extra that hall sit on. france has committed to what europe is putting forward and taxing air travel there is increasing awareness things are beginning to move but this is urgent other countries we have decided to put in place an equal tax on air transport on all flights departing from frogs shield to divert our phones france is interested in more than an equal tax it's also pushing the e.u. commission to end a controversial tax preference for airlines who are exempted from aviation fuel tax something germany has also criticized the e.u. members like the netherlands are also interested in living an equal tax on flights france says it will use the proceeds to boost sustainable transportation like its real network the country has long sought to lead the e.u. on environmental policy but with mixed success president emanuel mccrone was forced to shelve a plan to tax on diesel fuel after widespread protests by the yellow vest movement . quick convenient and hip east scooters are the news trends on european street

second quarter losses or 3000000000 euros a massive job cuts on top of a failed merger. also the show all those products really all. sustainable to take eco products michael institution goes for. this interview business welcome to the program german business leaders warning britain's incoming prime minister to avoid disorderly breaks it was johnson take selfies post later today having promised to get the u.k. out of the e.u. by the end of october quote. the german association of chambers of commerce commerce and industry points to figures showing imports from britain fell by 6 percent between january and may it says uncertainty over the u.k.'s future relationship with the e.u. is behind that draw. so let's talk about the new prime minister and toward his appointment mains for businesses in the european union with. the managing director of the federation of german industry a very powerful lobby group said that threats from london would come back on britain like a boomerang what does that mean. good morning that means that threats will not help to comfort the situation we

yeah that's the $1000000.00 euro dollar question at the moment whether it is believed that all of this could happen this fall that's what many analysts are telling us that the e.c.v. will most likely follow this worldwide trend that we are seeing at the moment but we also know that the e.c.b. you will get a new boss in a few months most likely christine lagarde who has already announced her resignation from her current position at the i.m.f. and many believe that she will listen very closely to the needs of southern european countries which economies are not as strong as for example the one here in germany or when you talk about france for example well with that we could possibly wait even a little bit longer for a change of the monetary policy here in the european union so it will be very interesting in which direction she will be leading the e.c.b. the new hope at frankfurt stock exchange. cambodia is taking legal action against the european union in january it introduced tariffs on cambodian rice to protect e.u. produces since then farmers have been turning to china say they prefer

nejra: you do not expect much euro downside. what about upside? will euro rallies be contained?e: the trigger will from a better-than-expected eurozone economic activity, and picked up inflation. at this stage, it does not like look -- it does not look like that will pan out. until we see signs the fiscal to hit thepected euro zone economy in 2019 start to filter through some of the data now, this is not happening. also, the favorable eurozone employment conditions are consumerto support spending in the euro zone. at this stage, it is still -- until then, the euro will trade range bound. with that bad outlook, it does not seem like the ecb will bring about inflation to levels they would like. do you worry about deflation if they continue to cut rates further negative, if they tried to reopen quantitative easing with little to buy anyway? if they fail in this summation of deflation -- if they fail, is deflation a concern? elias: disinflation is probably more of a concern. still inflation albeit quite low. more protracted disinflation pressure is the main concern. downwardargely b

nejra: euro-dollar moving to 116.on one year implied volatility on euro-dollar has fallen to the lowest level since 2007 perhaps on the garth nomination to the ecb. could this start to pick up? viraj: we think why euro-dollar is so tame is because there is no conviction right now. with anomies are bleak cyclical downturn. it is difficult to take a direction on euro-dollar by the volatility has ramifications for the rest of the world. it starts to push assets into the emerging markets. set is great for those assets but for euro-dollar, until you have some diversions in the cyclical outlook, it is difficult to take any directional views. we see more creative tools being used by the ecb or perhaps the ecb leading more on government and the fiscal side of things putting more pressure on the fiscal side? may be lagarde achieving what mario draghi did not? viraj: i think we will see a reiteration of that. thepress conferences have iteration. we will see a continuation of that. whether it is successful or not life more in th

and north which are both valued at around 2 and a half 1000000000 euros. and 26 is headquartered in berlin and recently launched in the us with plans to expand further in the coming years. so there is of expansion we are very much focused on the one that is deep enough to predict you know 24 you are words that were active in further what we have launched in the u.s. last week so the. big investment into making it was 6 a big success in the u.s. these are heady times for the online bank but it hasn't all been good news for the company recently in march it was reported that a customer's account was hacked and emptied of $80000.00 euros while in may the german financial regulator baffin warned then $26.00 it needed to step up security measures to guard against money laundering so while the money is rolling in for n 26 plenty of challenges remain. so they could have bright and i think business with here. not look all that appetizing. but they're very popular with barmaid. cucumbers. turia seen creatures are farmed in southern madagascar. the corning district e

the european union has fined chip maker qualcomm $242000000.00 euros for what regulators call predatory pricing between 20092011 the charges relate to the sale of chips at the low cost which the e.u. says was intended to drive a rival out of the market. investor appetite for fin tech innovation just keeps growing the german startup in 26 has made big inroads that inroads in mobile banking and has now become one of the most valuable fin techs in europe take a look. 4 years ago and 26 was little more than an hour without a banking license today the german company is one of the fastest growing banks in europe with more than 3000000 customers already signed up. n 26 is a so-called direct or mobile bank it has no branches and conducts all its business online on like traditional banks it has just announced a fresh round of funding from a host of existing investors and tooting chinese company 10 cent and german insurance giant allianz this values the fin tech at more than 3000000000 euros making it one of the most valuable companies of its kind in europe it is the most valuable german startup

style class action to ports in britain the claim estimated to be worth around $1100000000.00 euros was filed at the competition appeal tribunals on monday the banks declined to comment some of world's biggest investment banks have already paid around 10000000000 euros combined in fines to settle u.s. british and european regulatory allegations that trade has wreaked the currency markets lots of interesting stuff there for my financial market correspondent as it has pun day in a frankfurt azure toys disappointing earnings reports there and a us style class action against 5 big banks which news moves the market most. both really but for now it's by and the new fans that would be taking a beating they're expected to open in the red by of course 18400 years is not really staring at a penalty in excess of a trillion dollars if you apply the penalties that have already been imposed on the company so clearly by a would be not looking at setting these cases and it has already hired a lawyer who is an expert at settlements as far as lost tons is concerned it's again the same story that we heard

board osram's management accepted a 3 billion euro takeover bid from baina dn rlyle, offeringca 35 euroshare, 25 more than the stocks close on tuesday. deutsche bank's cuts may go deeper than just u.s. equities and rates. the german lenders board is set to decide on a sweeping overhaul this weekend. they are eyeing around 20,000 job cuts and may shutter the u.s. equity unit entirely. they will start informing staff of cuts monday. grannies in running shoes delivering ramen noodles. it might sound ridiculous, but the chief executive says the elderly are actually signing up for the -- to be uber eats careers. he says seniors in search of exercise are doing the deliveries on foot. that is your bloomberg business flash. nejra: thank you so much. let's talk trade and china continues to stress the u.s. must remove all tariffs on chinese goods as a condition for newsing a trade deal after the two nations were to restart talks over the phone. one institution affected is standard chartered. it makes the biggest percentage of its revenue from china. we asked the ceo how he is dealing with the conc

it will go on sale the 1st quarter of 2020 at a price of $27000.00 euros b.m.w. wants more than 2 dozen different electric models under its brand by the year 2023 of the news comes after the munich based firm announced that c.e.o. khalid kuga would not stay on after his term expires in april 2020. and that's it for me and the business team you can find out more about these and all of our other stories online at www dot com slash business you can follow us on facebook and twitter i'm stephen bears in berlin thanks for watching. them. for information they provide to the opinions they want to extract us to facebook and twitter up to date and in touch follow us. personally i went with a little bit wonderful people and stories that make the game so special. for all true fans god was. good more than football long line. of forest area equivalent to 30 sucker pitches is cleared every man. hour consumerism is causing a radical depletion of forests. for 25. classic. plays forests and money. tragic reality behind the exploitation starts july 24th. this is news africa here's

that has put a lot of weight on the euro. until we start seeing that, i don't think we can expect a convincing and sustainable move higher in the euro. vonnie: i want to have a quick look at asian currencies, both remember and others -- was renminbis and others. the south korean won has underperformed the dollar to the tune of more than 5%. where are your picks right now? vasileios: i think that is a fascinating question. i think the currencies that you've mentioned are very much differently exposed into the global growth risk. for example, if you take south korea's currency, it is very much exposed into global trade, very vulnerable to healthy trade dispute are going. plus, we also had recently these restrictions in japanese exports to south korea that threaten to potentially block the tech value chains of south korea, which is another thing that creates uncertainty. i think in general, and not just for asian currencies, i think we are living in an environment where the fed is cutting rates, is going to start cutting rates,

and investment of 25 euros today could earn me a 100 euros in 11 years time assuming there is no change in policy of course. but hey mr vice welcome to the environment agency should i buy emissions permits or not. emissions trading is an impressive climate protection to the also economically efficient. that if it's that that's our main focus here as you can imagine we don't do find out. well advised. but we can talk about everything else it's quite. done by says professional titled as consultant for fundamental economic questions of emissions trading and the german emissions trading unit of the environment agency he says c o 2 permit prices can only rise. from this and yes now in 2019 we have to act firmly are the goals we've agreed in europe for 2030 need rethinking in our view they must be much tougher. and when things become more restrictive will emissions trading certificates become even more scares like not going to all of this once right emissions trading cover some 50 percent of european union emissions that means if we want to set our macroeconomic sights much higher than emissi

over $4000.00 euro so standard equipment so he thinks it's worth it if the. toyota is usually known for ecologically friendly fuel efficient vehicles but the japanese carmaker can also do things very differently like the jarosz g r m and it's aimed at bringing rally excitement to toyota buyers. she r m n stands for a good master says lewis or champion of an herb or grain but it is for toyota what m is for b.m.w. an a m g for mercedes under the hood is a 1.8 leaders super charge engine that we otherwise know from the lotus elise will think a look at how much sports car there is a vision. the g.r. and is inspired by the artist w.r.c. with which toyota celebrated its return to the 2017 world rally championship but how much racing can fit into such a small car it turns out quite a lot starting with a new sporty chassis with thorsten differential which ensures that there is always enough traction without spinning the wheels through a special exhaust system that contributes to weight reduction. louis's with its light weight a 1135 kilograms untied suspension that n

those lucky enough to have access to dollars or euros are best off into iran's ground the anger is palpable. if the situation remains like this we'll have to leave iran we're trying very hard to get out of a country differently there's no future here. as you can see iranians need bread rather than nuclear programs they want their economic situation to improve the point is that you can't fill up your kids' bellies with nuclear energy. the new u.s. sanctions also make it practically impossible for german companies to do business with iran firstly because hardly any banks are willing to handle the payments leaving the iranians with no way to pay the invoices and also because washington has threatened retribution against any companies which continue to do business with tehran. out of the many companies which set out to rekindle their old business relationships as soon as e.u. sanctions against iran were repealed only 60 a lift and then more or less just keeping an eye on the situation on the ground rather than actually doing any business there are companies like multivac german midsized company

we were at 2.7 billion euros last year. billion additional disposals, that brings it below 2 billion, and 500 million additional savings from cutting the dividends. that brings us to 1.5 billion. today our disposal plan is that 2.5. we complete the disposal. we have been quite fast and exceeded the expectation in terms of speed. let me remind you that the 1.5 billion initial target set for june 2018. we reached the target at the beginning of 2019 and we set the new target was beginning for the first quarter of 2020. 60% of that by july. we are quite on track and we are confident that the 1.5 is consistent with our trajectory. vonnie: your rival has reported it had a good quarter. the stock is up post regular trading by 2%. that chain has talked about their need for consolidation in french grocery chains. are you open to the prospect of m&a at all? not comment on market rumors or scenarios. we focus on our unique mix of forecast -- of formats, categories, and geographies. we have unique positioning in france which is being i

like this $1.00 is already over $43000.00 euros in germany. or can you get a b.m.w. 3 series for as little as 38. yeah sure that's a big difference but have you ever seen a jaguar with cloth seats leather is standard here as are the electric adjustments everything already comes standard. may have a point. other features such as 18 inch wheels l.e.d. headlights parking assistance front and rear review camera as well as lean keeping and attentiveness assistance are also standard in the new model all things that cost a few $1000.00 euros extra in his predecessor. and while the x.e. is only jaguars entry level model in the interior the she explored sedan already offers plenty of luxury and high quality materials. you must have seen the buttons aren't real but are touch controls and you can't tell if you press them or not. and that's not perfect but there's no such thing as a perfect car otherwise it's a nice interior. our test car is powered by a $184.00 kilowatt gasoline engine he actually accelerates from 0 to 100 kilometers per hour and 6.5 sec

it will go on sale the 1st quarter of 2020 at a price of $27000.00 euros b.m.w. wants more than 2 dozen different electric models under its brand by the year 2023 of the news comes after the munich based firm announced that c.e.o. khalid krueger would not stay on after his term expires in april 2020. and that's it for me and the business you can find out more about these and all of our other stories online at www dot com slash business you can follow us on facebook and twitter. thanks for watching. carefully. to do good. discovery. subscribe to the domain documentary on you tube. and i'm. told. i am. 50 years since the moon landing. he was the 1st man to walk on the moon. as a small boy she dreamed of the stars. as a pilot she flew anything no matter how to introduce. a church or go to the cold. cold. as an astronaut she took part in the greatest adventure in history. a legend was simply a human being who was no armstrong. the moon was his destiny starts july 20th on t.w. . hello and welcome to arts and culture one of the world's great paintings the night watch b

already use the common money a common money it's called the sea far from frank which is pegged to the euro and has been criticized as a colonial left over supporters of the new eco say it will encourage integration and protect small countries from the global currency markets nigerian president mohamed called the currency quote an essential prerequisite to promote corporation and integration in nigeria nigeria whose oil dependent economy accounts for 2 thirds of the region's g.d.p. . would likely dominate a future monetary zone but critics say there isn't enough economic convergence meaning some economies do much worse than others a problem the euro zone knows all too well debt is also growing in the region and intra regional trade is slow political instability from ebola to civil wars could easily destabilize a regional currency again and again well let's talk about this with our correspondent wise wise how close are we really to a unified west african economy. well i think that is to walk ahead although it caused give a deadline of next year to study this but there are so many things that

or euro and a half. disapprove it makes me want to cry. i feel disgust and hatred when i see human beings living under these conditions today in the 21st century in italy. so it's just sick of all of the despicable us and the whole world knows about it everyone knows about it but they don't care because these are migrants. the migrants are treated like animals. they're supposed to work to boost the business of the farmers and politicians. but no one sees them as people so. that's literally welcome to italy. caesium you can even the migrants who live in the camps are completely controlled by the people known as. make up or are there a kind of mafia. when the farmers need workers for the fields they call the cop alley on the phone. and they cut ali abuse this position of power to exploit and control the immigrants and they live side by side with them in their evolve it. the a purely on basilica to regions of southern italy a known as the country's vegetable gardens a purely alone produces a 3rd of tomato h

the euro zone is not so fortunate.anks are struggling much more in the euro zone and that is partially because of the negative rates that are part of .he ecb very much dependent on what happened in 2020. ultimately, that will allow the fed to delay quantitative easing for a long time. i'm looking at a five-year chart of the dollar right now. the bloomberg dollar index. it hasn't changed much in the last four years but we have seen a real pickup from 2014. the dollar strength is one of the things that everybody from donald trump to elizabeth is complaining about. -- elizabeth warren is complaining about. stephen: you don't want these exchange rate movements to happen rapidly. in thesaid many times past that if the trump administration, the powers that be within the duration -- within the administration. i'm not sure that trump himself. but if they don't realize that the america first agenda is flipping the previous world order upside down on its head and supporting the u.s. dollar, then they are stupid. emily, i don't t

let's take a look at the euro.hat's trading near an eight week low in terms of euro-dollar volatility. index, treading water for the past couple days. crude up 3/10 of 1%. much get a check on the markets in asia with juliette saly and ignore -- in singapore. good to see you. we do havelthough most of the key indices tracking higher, the msci asian index up for a third session of gangs. -- gains. the nikkei up by one third of 1%. positive news in terms of the trade talks between the u.s. and china. the cost be is underperforming. second-quarter gdp was a beat. corn is are selling futures. people aren't willing to buy on the dip on the cost be. 4/10 of 1%.y weird from the rba governor saying, if there's back to back rate cut in australia, they are willing to act again. fa aussie has fall and -- llen. i want to focus on the tech sector. we have been looking closely at high decks in seoul. it came through with numbers that were amiss. it's going to rein in its chip output amid the trade concerns. that seems to have imp

the nation receiving 17 billion euros in orders. a 3 billion euro offer of 50 year bonds. would like to stay with europe. blackrock proving that there are still some bond bulls left in the market. here is what he had to say. >> the ecb is likely to deliver what they say they will deliver at the central meeting. in fact, even maybe even more. as odd as it may sound, we have -- we, in the near term, favor bunds over treasuries because we believe the ecb is more likely to deliver the full amount of priced in monetary policy easing. jonathan: the key line for many of you, "as odd as it sounds." you should have seen the faces being pulled when that quote was being played out live on the program. your thoughts on that, bunds outperforming treasuries? matthew: we would take the opposite side of the trade. it is not to say that we are haters of bunds, but i think our view is the fed is more likely to overdeliver than the ecb is. jonathan: matt shoemaker -- mike schumacher? mike: i would agree. the ecb cannot do much. difficult to get super excited at this point. jonathan: kathy? k

manages that one and a half 1000000 euros 65000 of us are stuck when interest rates were higher life was easier. now that they're extremely low as they have been for several years he's moved into stocks and investment funds but not just any she of ethical guidelines. no child labor prostitution or weapons we also consider human rights working conditions and whether unions are allowed. but there is an inherent tension here. if we want to diversify we can't just invest in micro finance funds and sustainability. we have an exchange traded fund tracking the dax index and another one for the m.d.x. and an inflation like one and none of that is ethical or sustainable. it's hard to be an ethical investor and the financial brains of a catholic at the. capitol are not natural allies. the abbey has a workshop that makes parliament some liturgical clothing from gone through weaving embroidering to finish chance it used to be an important source of income. for the liturgy you should acquire something decent not just cheap stuff. sister miriam cuts no corners she only uses so and does everything

euros. euros. 7 billion looking through the details, bnp paribas second quarter revenue rising 8.8% to 793 million euros. focusing on what we will see in the trading out of the french banks. second quarter global markets revenue falling 2.7% to 1.40 one billion euros. in at auarter comes beat of the estimate of 11 billion. the main numbers out of bnp paribas at the moment. second quarter equity and prime services revenue falling 14% to 615 million euros. the cfo spoke to bloomberg in paris. listen in. lars: when you look at equities, equities -- the market in the andnd quarter, lackluster we had a strong quarter a year ago. that is the dynamic. we feel the acceleration of our transformation plan is very inferred. >> do you believe the environment inequities will remain in the second half? lars: it is difficult to foresee but typically what you see in this kind of activity with low interest rates, you would assume bigger inactivity inequities but we will see in the third quarter. -- bnp parib