once again, the euro has just fallen below 1.10. this is quite the develop and here. 1.09.sd this could be on italy's five-star and democrats clashing. they are looking for a common agenda, and there is a list for policy demands that the five-star movement has given premier designate giuseppe conte. this may be one of the reasons weighing on the euro. this is bloomberg. ♪ ♪ vonnie: live from new york, i'm vonnie quinn. this is the european close on "bloomberg markets." we had quite the decline for the s&p 500 in the last few minutes, and we had the euro drop below 1.10. it is trading at exactly 1.10 now, 0.5% weaker than the u.s. dollar. we will be digging into the moves in just a moment with abigail doolittle. atyou can see, the euro 1.0997 once again now. weakness perhaps on italy discussions. we will get more details in a moment, but first, let's get the first word news from ritika gupta. ritika: florida is bracing for dorian. hurricane approaches, expected to make landfall in the state early next week. besident trump says it cou

that is more of a headwind for the euro, because the euro has two important supports here that suggestnside is limited. first of all, you have an important support. they have the natural demand for the euro supportive of the currency. secondly, the euro is undervalued relative to various measures of prices. for instance, consumer pricing, labor costs. the ecb has a fantastic measure of prices that suggests the euro is 10% undervalued on a trade basis. these are important supporting factors for the euro that should more than upset the drag or the headwinds for the italian political or fiscal uncertainty. matt: in terms of the mliv question of the day, and i am thinking it is because of the euro-dollar rate, it does not seem to change that much. what do you think would be the effects of the dollar intervention? effective, i believe a dollar intervention has to be done in court nation with other sent -- in coordination with other central banks. they need to have a monetary isicy that is looser than currently the case. they need to step up their rate cuts for the u.s. dollar intervention t

if i look at the two economies, which one needs a more weaker euro, it is the euro area.when those elections have a date. we will have to hedge our currency risk. you will see fx options start to price in a higher risk premium. around the same time as brexit. if you see the league partner up with a far right ring and have a coalition like that, the euro will not be able to go higher. matt: you see pressure on the euro as opposed to dollar. i'm looking at euro versus pound. i have taken a long view, going back to before the euro even existed. it was still a concept. faster sincembing the financial crisis? >> you put a long-term chart up. the u.k. has a higher inflation rate. over time, the euro gets stronger than the pound. that is a long-term trend that your plotting their. when it comes to the short-term recent moves, it is because the u.k. is suffering even more than the eurozone when it comes to the growth data. suggestsng, the data we should cut interest rates, not raise them. we have higher inflation expectations and current inflation at that target. the running the

in the euro zone right off to france and germany but its debt to g.d.p. ratio of 132 percent is much higher than that of other major eurozone economies so what happens when the markets lose confidence in italy's ability to rein in its massive debt no banks across the e.u. own loads of italian debt with 286000000000 euros in frogs alone means these banks are exposed should italy default on its debt and just the possibility of such as an aria. it is enough to put those under pressure forcing them to set aside money and putting scrutiny on their bottom lines now then for more on that issue i am now joined by hold this meeting he's chief economist at bear bank bank in london hold this meeting good to have you with us obviously we're old enough to know that italian politics is known to be somewhat erratic and unstable is this what we're seeing now business as usual or a real crisis fortunately this is much more business than you are than a real crisis italy has trying to save governments fairly regularly and the chances are that this would be just another chan

that is the effect on the euro. vonnie: in the u.s., we are seeing the s&p 500 trade higher by about 2/10 of 1%. broadly higher for most of the major indices. the 10 year yield is at 1.55%, so continuing to decline. the spread is staying positive, marginally.

and the most a local official can make is five thousand six hundred and forty euros. for cities with a population of more than. one hundred thousand the governmement is considering mergrging the first threeee saly ranges. memeaning mayors responsible for less than three thousand five hundred residentnts would all me up to one thousand six hundred and seventy two euros. but only the smallest towns would receive extra state funding. the others would have to tap into their own budgets to fund the pay rise. and unthinkable option for this mayor. what more does a small town budgets where do you find the extra twenty thousand euros how do you make it happen it's impossible? following the yellow vest crisis last spring imagine michael held the debates with the country's's mayors. one of several attempts by a president to often deemed out of touch to connect with local leaders. to find out more about life from his mass also on happy i'm joined now by professor of medicine for cool you are the director of the political research center here it seals. thank you very much for spe

rights that actually increased by 167000000 euros not thanks to a new t.v. deal find between the german the and euro sport in fact in germany. these t.v. rights as a lot of growth potential for the been this leak. in the digital platform in securing domestic rights. that next year. has been listed on the. list it was a big. house of the club's performance. on the stock exchange they did it in 2000 when they were really struggling financially and needed a quick injection of cash for a while things worked out ok they spent a lot of money and then it went wrong because the players didn't deliver and they almost went bankrupt in 2005 so. in many ways they're not going to be spending money. by munich of course being on the stock exchange they do have a responsibility. by far and away the rich so don't have developed this reputation as a bit of a standing. rough diamonds if you like and then sell them on for a massive profit is all about race is reward and this isn't don't seem to be taking more risk they've spent a lot of money that some. 35000000 euros. coming i

and pharmaceuticals with almost 17000000000 euros selling the animal health division will allow buyer to bring in some urgently needed cash the company has had a few rough months with multi-billion dollar lawsuits over the week killer roundup and its active ingredient life was said with phones dwindling and share prices dropping fire has recently moved to sell units not directly related to its core business of life sciences most recently it on loaded suntan lotion brand coppertone as well as its dr scholl's care unit buyers planning to focus more on its traditional divisions including pharmaceuticals and consumer health care edge and for some market reaction now let's cross over to our financial markets correspondent susan and the frankfurt stock exchange calling us is this move selling all of the animal health unit going to bias problems. well it helps at least to solve some of the financial problems the buyer has at the end of june biased total amount of debt was nearly $40000000000.00 euros with the sale of this veteran mary drug unit with the sale of other assets that buyer has ag

some towers have an estimated worth of more than a 1000000000 euros. this 36 storey development was designed as a residence for a 2nd on your family the lower floors are dedicated to the family's famous textile brand raymond. raymond claims to be the world's biggest producer of high quality worsted wool suits it boasts 60 percent of market shares in india and 3000 shops across the country today the group sponsors paying a visit to the brand's flagship. store level. this is just. to find. our fabrics are very. cool. and most churches are the certain. so we know that in. the ranks with special favor. the remote brand has been under the sun his family ownership since 1944 he was losing momentum when he took his father's place as c.e.o. in 2000 with imus steered the company on a course of diversification today raymond presents itself as a high end company and its profits are up. so this would be about. 14000 euros for just the fabric for a suit and then the stitching will set for raymond is a brand new order really says from 250 roubles a move 230-0000 rup

some towers have an estimated worth of more than a 1000000000 euros. this 36 storey development was designed as a residence was saying on your family the lower floors are dedicated to the families famous textile brand rayment the raymond group claims to be the world's biggest producer of high quality worsted wool suits it boasts 60 percent of market shares in india and $3000.00 shops across the country today the group sponsors paying a visit to the brand. flexion. is thinking it's. so little that if this is just from iran but it's easy to find. in our fabric children they. will buy. a new shirt things are the certain good and so we know it in full. if the writer should specially favor. the riemann brand has been under 600 years family ownership since 1944 he was losing momentum when he took his father's places c.e.o. in 2000 with ominous steered the company on a course of diversification today raymond presents itself as a high end company and its profits are up. so this would be about groupies and there. would be a lot. $14000.00 euros for just the fab

to that you that's about 861000000000 euros. a growing number of companies has said that they're moving headquarters parts of the wrapper a sense jobs are asked that out of the u.k. after a break that several companies have done some or all of those things. but not everyone will be as the u.k. general manager and $26.00 additional bank is companies charging towards london at a time when others are backing away i want to know why but i had a burning question to get out of the way 1st are your friends afraid you look into their account does have. more than one of them so i mean. yes i have a question obviously because there's a lot of there's a lot of security restrictions we have in place and it would be highly inappropriate of me to be doing that so it is not something that i do you rolled out the service in the u.k. in november of last year for example uncertainty was already a thing so why are you coming when so many others are going relaunched to write the . november 2018 but already they have been over a year of planning tha

what happens to euro-dollar?obably picking up a little bit over the next hour or two. i think the trend as we go into september is going to be for a weaker euro. i think we could easily test 1 .10, we could go down to 1.08. i think the next month or two, we will have a stronger dollar. mr. trump will not like that, by the way. i think we have near certainty of quite aggressive action being taken in september by the ecb. on the less certainty pace which with the fed cuts. thatdition, i do think growth in america will outperform growth in europe. we have a growth problem in europe. the outlook for the american economy is not terribly positive , but it is less negative than the outlook for the european economy. matt: bob, we are going to keep you with us for a little bit longer. bob parker, investment committee member at quilvest, going over these pmi's with us and pointing out that the french economy seems to be outperforming the german economy. coming up, we will talk about the british prime minister facing some t

some towers have an estimated worth of more than a 1000000000 euros.this 36 story development was designed as a residence was saying on his family the lower floors are dedicated to the family's famous textile brand right on. the rim and claims to be the world's biggest producer of high quality worsted wool suits it boasts 60 percent of market shares in india and 3000 shops across the country today the group sponsors paying a visit to the brand. flagship. is it's. so little that this is just from iran but it's even cheaper. now or forever till 3. o'clock we'll buy. a new shirt things are those working good so we didn't really for the longest recession or favor. the reman brand has been under 300 years family ownership since 1944 he was losing momentum when he took his father's places c.e.o. in 2000 with imus steered the company on a course of diversification today raymond presents itself as a high end company and its profits are up. so this would be about 3 that group. would be a buy out. 14000 euros for just the fabric for assault and then the stitchin

-- 15 billion euros.llion people take to the streets in peaceful protests in hong kong. the morning, everyone. good afternoon if you are watching from asia. this is bloomberg surveillance. scarlet fu is in new york. tom keene with a week off. we have been to spank now coming up seconds ago saying that they see a risk to the german economy, that it could shrink again in the third quarter. it is interesting that the german finance minister may have preempted that by saying there is 55 billion. -- 55 billion euros ready to spend if there is a crisis. scarlet: we don't know the conditions that would prompt the german government to deploy that spending per geoff yu mentioned thatthe german economy -- perhaps this latest headline set the scene for a german recession, but until we get confirmation, it is unlikely that we know whether german will -- whether germany will open its purse strings yet. francine: the buddhist bank saying that the german economic outlook is unclear and that hinges -- the bundesbank sayi

if you look at euro-pound, we are getting back up to 91 pence for a euro. this is after a bbc journalist " hearing the queen could be asked to agree to a pro-roe parliament. would be done by order and counsel. one source, not confirmed. watch this space." matt: it seems like that robinson is just reporting a rumor here, but if the queen was asked notmeans he is to get parliament back together, allowing boris johnson to push a hard brexit through. that's why you see the pound moving on just the tweet of a rumor. we will continue, nick, to watch the space. official, indeed, the vice chairman until 2016, suggested the central bank should reject interest rate cuts to hurt donald trump's reelection chances. in an op-ed for bloomberg, bill dudley states policymakers should not quote bailout and administration -- and administration that keeps making bad choices. he argues it should be clear that donald trump will own the consequences of his actions over the trade war. urging or suggesting that the fed use monetary policy in order to affect its own chosen political

analysts were looking for 2.1 9 billion euros. of publishes before taxes 2.20 euros.line with estimates. euros in billion sales, 25.2 7 billion. in terms of the numbers, hitting exactly. they are in the midst of switching out ceos and to some extent, their strategy toward electric cars. let's check on the markets around the world now. joining us from our team in mumbai and here in london. indian equities are tracking their asian counterparts lower. how much is the fed reaction playing into the market slump there? niraj: good morning to you. yesterday, markets were doing ok and we ended in the green yesterday and hoping if the fed would do somatic for the global markets, those calls would have gone ahead but only substantially lower. below that psychologically important 11,000 mark for the nifty. worse than counterparts last i checked. even the currency is weak. in light of what the dollar strength was, but the rupee 69.58. to about it has not been a pretty morning for those long on indian currency or equity markets. let's see if the afternoon is any different. nejra:

euro's time as a haven has come.o looking at weakness in the german data, the global trade story, the brexit narrative. looking through all that, you believe there is a role for the euro to be how much stronger? mark: i think this is an interesting story. the european growth story is terrible. germany heading towards recession. europe is in a really bad place. it really depends on germany, so if germany is heading towards recession, the whole region is in trouble. but i think the euro will not trade much off of that story. it is pretty well-priced. we know there is expansionary monetary policy from the ecb priced in, so there will not be much more give. i think the euro might become a bit of a haven just by default. one of the other havens, the dollar, the most relevant, most liquid haven, is being massively undermined by developments over the last week. thermining monetary policy, fact there is uncertainty on the trade front, the fact he's trying to order companies to change the policy. all these things will undermi

euro. is in crisis. if it's to have a future champions young champions. more countries. they are fighting for the train collision insurance claim. do they stand a chance. can they save the european idea if. i'm here to stand up for european values and contribute to something important that upset. the future of europe starts september 2nd on d w. i don't know i think. about a few sometimes i am but i stand up and when to them i think in general thinks deep into german culture. stereotypes question if you think a fugitive that i don't. need to take from his grandma i am thus it's all that they know i'm a joke join me from the kitchen and beat up your. post. quite melody resounds michael light of the. ready zune. resonate with an it's. the mind and the music. token 1st bond 2019 from september 6th to september 29th. hello and welcome to news from the world of arts and culture young film director stefan here pat is my guest his documentary congo calling as just one of prize for up and coming filmmakers and in our series a 100 german must reads a novel entitled simply insane.

1000 euros a year. club. we save money so we can afford the wood but sadly there are a lot of families who don't. well we're doing better than some we can pay for firewood the poor families current. the men collect the word from high up in the forests of the carcasses mountains. they're still allowed to fill trees here. gogu to here is 27 he comes here regularly. go to estimates that each and every house in his area consumes about $2.00 to $3.00 truckloads of wood every year include his sitting room which are all shuttle which was something to do if we cut down trees anywhere else we could cause rock slides which are dangerous for the residents i said well if you know. the forest might seem lush but deforestation is rife across georgia the number of trees being cut has to be limited to ensure long term sustainability currently over 12 times that number is being felt. the worker has to mechanics is helping to solve the problem they're cutting solar panels. the machine dates back to world war 2 but it sti

hamburg zora turnover of 270000000 euros in 2012 with cruises to cities. politicians aboud these figures justify the taxpayer funding costs for terminals and power stations. but does the cruise boom also mean higher tax revenues. in the case of the market aida the research is complicated. that's because i had a belongs to the italian company costa which in turn is a subsidiary of the u.s. cruise group carnival. kind of a list listed on the new york stock exchange in the us a bad companies are subject to strict complication requirements. the f.c.c. the us stock exchange supervisory authority is when you can find data on aida in the many documents filed by the eda parent company khan of all it says. that i need is exempt from german corporation tax. i knew joe was subject to a tax rate of 6 percent in italy. this recently dropped to 5.5 percent. my latest response. the ships of the aida fleet sail under the italian flag. it goes without saying that we not only comply with tax and feel obligations in germany and italy but anywhere else we travel to in accorda

euros.s alleviate concerns they will have to take on additional capital. anna: thank you very much, dani burger. coming up on bloomberg, we will speak to the ceo carlos mussina at 9:00 a.m. london time. let's get our top stories. exchange, thek $27 billion agreement will be the biggest for the exchange. the market likes it this morning. the transaction is expected to be completed in the second half of 2020. zalando, second-quarter sales accelerated. more than upbeat tone for operating profit. this as they face a lot of competition not just from bricks and mortar but the likes of amazon. rio tinto down 3% after the announce a special dividend of $1 billion. we see a lot of minors down, the fed affect. demandtting their steel around the world. to make steel, you need iron ore. matt: i want to break the french pmi's coming down below 50, we are looking at 49.7. the preliminary reading was 50. france pmi's also falling. at the beginning of the year, 58 down to a and now contraction below 50. she

if you go into the euro zone perspective, you have safe havens within the euro zone. we have some that say re-domination risk still played in, even though we have a strong commitment by all the policymakers, especially the ecb, to basically put the euro zone together. this plays into the german yield curve being lower than the japanese one. francine: we will have more on the ecb shortly. simon and florian both stay with us. coming up, beware of the reese deepening u.s. curve inversion that is here, but have we learned a lesson from when this happened in the past? ♪ francine: this is "bloomberg: surveillance." let's get straight to the bloomberg business in new york city. theeneral electric plunged most in the 11 years after a prominent financial examiner accused the company of accounting fraud. examiner, famous for raising concerns about bernie made off, is working with a short seller he did not identify. a ge executive called the claims market manipulation. a new owner for the brooklyn nets. we have learned alibaba's chief executive chairman is paying about $3.5 bill

now germany has revealed it does spend hundreds of millions of euros on u.s. troops stationed in the country despite that. washington is putting pressure on berlin to cough up more on defense to meet the nato target of 2 percent of g.d.p. well germany's current expenditure is 1.4 percent that's about $47000000000.00 euros in comparison greece does meet the 2 percent target rathbun's that amounts to just $4000000000.00 euros peter all over takes a closer look. it's been a refrain of u.s. politicians for quite a while now germany must spend more on its military under president trump that refrain has turned into a crescendo the thing is though opposition politicians here have requested from the finance ministry documents that show that actually germany has been spending more than was thought for the privilege of having u.s. troops in their country over the last 7 years germany's contributed 243000000 euros directly to the u.s. armed forces for things like pension contributions and building maintenance there's also being a previously unheard figure of 480000000 eu

and euro weakness, the ecb, their ability to cut is limited. this question of the economy slowing, what are central banks going to do, the fed can always cut a lot more, a lot faster than the ecb will be able to that's why we think the euro will be stronger and not behaving with the same core ligs as before. >> many people have a negative outlook on the data. germany standing out, italy as well, euro, the currency is not moving german bund yields are at record lows here. what is the trade you would advise investors to do to express a bearish view on how things will develop in europe? >> i think it's hard i think there is a lot of negativity in the price. when we in our cross-asset view are trying to express negative views, u.s. assets are a much better place to look for the hedges at this point if we think about anything in cyclical in europe is already trading at historical kind of extremes and low valuation. the euro is cheap. we don't think it will behave negatively if things sell off. i think invests are not all that exposed to europe in th

the current bid is for 3.4 billion euros. that is 35 euros a share. considering 38.5 euros a share. that is according to people familiar. we are already seeing shares higher by 3% on trade they premarket. matt: thanks for that. each other get friendship bracelets from pandora. thank you for joining us. you can get stuck stories from the equities team. just type first go under bloomberg terminal. you can get it anytime on the mobile app on the first word to have. coming up, the dust the first word tab.he first volatility overnight. ftse futures up 0.1%. cac futures down. the open on the other cited this break. this is bloomberg. ♪ at comcast, we didn't build the nation's largest gig-speed network just to make businesses run faster. we built it to help them go beyond. because beyond risk... welcome to the neighborhood, guys. there is reward. ♪ ♪ beyond work and life... who else could he be? there is the moment. beyond technology... there is human ingenuity. ♪ ♪ every day, comcast business is helping businesses go beyond the expected, to do the extraordi

1000 euros a year. we save money so we can afford the wood but sadly there are a lot of families who don't manage you know what we're doing better than some we can pay for firewood the poor families current. the men collect the word from high up in the forests of the carcasses mountains. they're still allowed to fill trees here. gogu to here is 27 he comes here regularly. go to estimates that each and every house in his area consumes about $2.00 to $3.00 truckloads of wood every year a local to city which will shuttle was something to do if we cut down trees anywhere else we could cause rock slides which are dangerous for the residence so it was. the forest might seem lush but deforestation is rife across georgia the number of trees being cut has to be limited to ensure long term sustainability currently over 12 times that number is being felt. the worker has to mechanics is helping to solve the problem they're cutting solar panels. the machine dates back to world war 2 but it still works there part of

so let's look at this we've got from spec and dollar in the reportedly paid $6700000.00 euros to could tare football executive mohamed bin. is there any speculation over what that money or that payment was supposed to be for there's always speculation in football over and this is no different i mean there are 2 main theories about what that money was used for and i should stress that this is speculation this is not anything that's been proven in court but the one theory is that this money was used to buy votes to germany to host the 2006 world cup mohamed bin hammam let's not forget was an executive committee member at the time the executive committee was the body that decided who would host the world cup and of course germany did end up hosting the 2 $1006.00 and. i think any number 1st would be asking why was it can borrow even paying that kind of money to someone you could start to begin to you know like you said the speculation how big of an issue is this going to become for german soccer well i think it's huge not just for her as well but germany as a whole because you've got to r

germany have been charged with fraud by swiss prosecutors over their alleged roles in a multi-million euro payment. also on the show the world uses a groundbreaking author nobel laureate toni morrison has died at the age of $88.00 or novels exploring african-american identity gave voice to millions. i'm brian thomas thanks so much for joining us we begin this program in russia where firefighters backed by the country's air force are struggling to contain vast wildfires in siberia the area that's a blaze continues to grow with some 45000 square kilometers already affected that's an area the size of denmark officials say they've had to give up their efforts and some of the most remote areas in the hard hit province of cross the arced residents are literally choking on smoke as the flames grow closer to the village of ben he is at the front line if the place residents knew they would probably have to evacuate the smoke's harmful effects have nearly driven them out already. well you know. the 1st fires started in july nights here weeks after they were pits there's another fire burning. kilomet

now there is no reason to sition on- two depo the euro side.nie: the pound could trade up $1.10. $1 and what is the likelihood of that? hans: that is actually the worst case scenario. you have to also consider that if we are getting into a an understanding on european destabilization, then it is going to do better. but we have too many uncertainties. you have an account deficit in the u.k. if you take recent gold it,sactions and distill that actually means that you need to bring in capital on a daily basis. guy: hans is going to stick around. hans redeker, morgan stanley global head of fx strategy. vonnie: remember the function on the bloomberg to moversu emerging-market go> on then emm < bloomberg to show you emerging-market movers. this is bloomberg. ♪ ♪ major indices are lower. the dow jones industrial average down 2%, as is the s&p 500. the nasdaq down 2.7 percent. just one stock higher in the dow today, verizon communications. is almost at 22. i would point to dollar-yen as 1.0612.trading at the offshore yuan treading now at 7.0 915.

that is not something to accelerate the euro. it is to prevent slowdown. euro-dollar will go lower.o that much. tom: that is off of euro, renminbi and other interesting currencies. thank you so much. we continue with mr. wilson. for global wall street, and incredibly important conversation on the heart of long-term investment, the actuarial assumptions. this is bloomberg. ♪ tom: "bloomberg surveillance," welcome all. day the conversation of the for global wall street. we do this with nigel wilson, and we will map. a fancy phrase called the actuarial assumption. nigel has this tattooed on his left arm. vol10 year yield back to cker. down we go. new actuarial the assumption for long-term pension money? nigel: you are right. it is a low rate going forward. it begins with one. one, with begin with a zero after it. the fundamental changes we have seen in the last 20 years are absolutely massive. i can remember having a mortgage rate of 15% in my youth. today, you can get mortgages for free in several european countries. tom: what is the mechanism or reaction function of 4% actuarial assu

by the euro point 4 percent making it one percent in the past 2 days but it's more about how much did the dollar rise and then i fear the markets were being greedy expecting more rate cuts despite the u.s. economy solid and to be fair actually paul would hasn't ruled out further cuts if the economy worsens and he just didn't commit to more cuts and otherwise that would have sent markets in a tailspin if that it cuts wouldn't have come through for some reason but then we all know that powell is not one of the best communicators what about the effect on emerging markets. where the emerging market currencies all sort of hands and beating the index mr x. the emerging market currencies saw its biggest fall into months how's all the economic data out today in asia and europe adding fuel to the fire because i mean things aren't looking good for the global economy are they. no absolutely not and they did add fuel to the fire today we did see the numbers come out from south korea exports were down for the 8 straight months of manufacturing activity in south korea japan taiwan and china contrac

why is olaf scholz saying 50 billion euros?spent in the last crisis, and he says, we have the firepower to use that money because we have been lowering our stats to below 60%. it would mean that germany -- matt: that is one of the eu rules. 60% ofot go higher than debt to gdp, even though so many countries do. birgit: in good times, you should strive to get below 60%, but also the eu rules for seeing the possibility that at times you can take on new debts. that would mean the debt level could rise again. matt: germany has a 60 billion euro surplus. they have got the actual cash. they would not necessarily need to borrow in order to spend, but borrowing costs are so low they might as well take advantage. birgit: they don't really have a surplus. all the surplus they have from tax revenues they have already spent in their budget planning until 2023. what we are talking about, this 50 billion euros, is extra spending and extra measures on top of what has already been planned. matt: so what needs to happen? do we have to get to a c

jeremy revealed that it spent hundreds of millions of euros on u.s. army bases but is still being pressured by washington to up its defense spending story and for the 2nd half of the program. going back to medieval days you had the church which is like a monetarist present day 21st century where they would discuss how many angels can dance on the head of a bed they were in power and they enclosed this. model and now we've got neo feudalism are you guys central bankers discussing how many derivatives can be stuffed into a worker's pension fund and we've got folks in san francisco in newark new jersey die for medieval diseases. seemed wrong. but i. just don't hold. any. get to shape out. active. and engaged equals betrayal. when something you find themselves worlds apart we choose to look for common ground . and. welcome back the u.s. president is currently on happy with germany for not spending enough on defense washington is putting pressure on berlin to meet the nato target of 2 percent of g.d.p. that's despite germany revealing it spends millions mo

sounds pretty cool the whole thing cost me $86650.00 euros and i've never met anybody who's taken out more money than they paid in multi-level or network marketing the 1st time i heard of it was because a good friend who had got involved with it and tried to sell me let's say some funny stuff. and it goes like this you become an independent seller of a product weight loss shakes make up financial products just about anything goes plus you can make money by bringing people into the system you earn a percentage of their sales too but of course this can't go on forever every member recruits 5 new people they in turn recruit 5 new people after 14 times there will be more people in the system than in the entire world. while i'm researching this i come across masses of offers like these it's always about making a lot of money without really having to do very much also always important bringing in other people then i come across an offer where the software makes the money for me. so i can trade in the currency markets even if i have no idea of what i'm actually doing. the training is basical

here may reveal that it's been hundreds of millions of euros on u.s. army bases but it's still being pressured by washington to up its defense spending that story in fall later in the program. so what we've got to do is identify the threats that we have it's crazy from day shouldn't let it be an arms race is on all sides very dramatic development the only relief i'm going to resist i don't see how that strategy will be successful very critical time to sit down and talk. welcome back the number of lives claimed by saturday suicide bomb attack in the capital of afghanistan has now risen to 80 that's according to the country's interior ministry the victims were gassed on a wedding party that was attended by hundreds of people some 200 are still being treated in hospitals terror group as islamic state says it was behind the attack the country's deadliest since january of last year. commenting on the reemergence of iceland the war torn country and donald trump said that afghanistan and its neighbors had to do more to combat terrorism. russia. afghanistan an

euro. crisis. the future champions young champions. activists more troops. to. do they stand a chance. and they save the courage. to stand up for your values and contribute to something important that ship. of europe starts september 2nd on d w. reliable data to. distant 4th place except. for the most. automotive history. trying. to. go to the euro max new to channel. a good line of story. with exclusive insights. and a must see concerning part time culture in your own. place to be for curious minds . do it yourself networkers. so subscribe and don't miss out. the sound spoiled festival in australia where top class musicians actors and directors from all over the walls come together for 5 weeks so fabulous production . hello and welcome to news from the world about some culture we'll have more from the sounds folk festival in just a moment and. how being more german can help you improve your love life i enjoy my life series for me the job. of. the sound folk festival is one of the most prestigious music festivals in the world founded nearly 100 years ago by amon