to get them on board she will have to make sure that what you know that the policy in this european green deal appeals to the green so it will be a case by case majority which will make it much harder than in the past from actually started to introduce a new commission team i mean there were lots of names in that speech what walk can you tell us about some of the key members. i think she mentioned all the names of the 26 commissioners because the commission of course has 27 members including the president of the you commission which is also enough on the line but the most exposed the most important members of that commission are the 3 executive vice presidents i believe we have some some footage of these people let me mention that the 1st one for the european green deal because we've been talking about that is the social democrats hans to moments that's the guy with the white beard who was sitting next to it was enough on the line during that speech he is a very seasoned politician he was also a member of the younger commissions of the predecessor of fun and i and this is been a very prestigio

to get them on board she will have to make sure that what you know that the policy in this european green deal appeals to the green so it will be a case by case majority which will make it much harder than in the past some actually started to introduce her new commission teen i mean there were lots of names in that speech what war can you tell us about some of the key members. i think she mentioned all the names of the 26 commissioners because the commission of course has 27 members including the president of the you commission which is also enough on the line but the most exposed the most important members of that commission are the 3 executive vice presidents i believe we have some some footage of these people let me mention that the 1st one for the european green deal because we've been talking about that is the social democrats hans to months that's the guy with the white beard who was sitting next to it was enough on the line during that speech he is a very seasoned politician he was also a member of the commission so the predecessor of fun and i and this is been a very prestigious portfo

has some catching up to do and the 3rd probably the most important topic here is the european green deal was enough on the line promised that european green deal within 100 days after she took office with her commission to make sure that the european union becomes the 1st carbon neutral consonant in the world all right and just quickly max because we want to let you go keep your eye on that felt how difficult will it be for her to make all of these things happen. geez i mean that's that's a generational task carbon free carbon neutral by 2050 she will not be in office any longer and we all know what it takes and what kind of legislation you need to an act to bring things forward the conflicts of interest will be extremely difficult because of the member states that want different things but also to act legislation here at the european parliament that as i said has become more fragmented than ever but she seems ready she said let's get to work shows she seems optimistic that she could get the european union in a step forward at least in that direction all right that vote taking place righ

assertive and confident we have to give large to the world and if you look at the topics of the european green deal or digitalisation the european voice is needed so i think it's time to position europe in a new format that's a concrete example the united states competitor a partner in these days our friends in the united states our partners i mean we have a strong foundation over decades and if you look at all the people who are having friendship and business contacts with our american friends this is what the transatlantic bonds of the transatlantic friendship is all about of course we do have issues but. as with good partners you have to discuss these issues and solve them what about china china is on a different page. it is moving more into a direction where we have to figure out how to deal with topics that are difficult for example the social scoring in china poses a lot of question. the way ballot and road initiative. is structured has many open questions for us so that will be a topic to discuss with china and we'll sit down seems like you have very ambitious goals for example for the green

tackle both or at least try to tackle both those are the most important topics one the so-called european green deal that she wants to have for the european union and the other one is digitalisation which is of course closely connected to job security the future of employment in general but you have to keep in mind today was not just about you know what they're going to do the next 5 years especially for fund and her commissioners it was also an important day after all those obstacles coming here that they got such a convincing vote and we got to talk to one of the most important persons in that commission vice executive president mike it's a vest earlier today take a listen after all the the bumps in the road of the last months you are now officially a commissioner of the new commission how do you feel i feel grant's also because he's such a convincing that it's it is said to search the members of parliament as we show that face that's trust in us that we will do our best and you know what they say you should enjoy the 1st day because tomorrow problems start so i know i'm very happy ok so every hav

certified and confident we have to give large to the world and if you look at the topics of the european green deal or digitalisation the european voice is needed so i think it's time to position europe in a new format that's a concrete example the united states competitor a partner in these days our friends in the united states our partners i mean we have a strong foundation over decades and if you look at all the people who are having friendship and business contacts with our american friends this is what the transatlantic bonds of the transatlantic friendship is all about of course we do have issues but. as with good partners you have to discuss these issues and solve them what about china china is on a different page. it is moving more into a direction where we have to figure out how to deal with topics that are difficult for example the social scoring in china poses a lot of question. the way ballot and road initiative. is structured has many open questions for us so that will be a topic to discuss with china and will set up seems like you have very ambitious goals for example for the green de

at the upcoming international climate meeting in madrid this december she plans to present a european green deal which aims to make europe the 1st climate neutral continent by 2050. we do not have a moment to waste any more on fighting climate change. the faster europe moves. the greater the advantage will be for our citizens our competitiveness and our prosperity to lead to get going from the line we'll have to overcome europe's internal political problems once in office this sunday she'll begin torin european capitals selling her green vision as something quote inclusive recognizing that many countries such as poland and indeed germany still rely on coal for electricity she also needs to tackle countries like hungary which aren't too keen on european values despite being member states she certainly has a big job ahead of her thanks of the deal has a brussels bureau chief matts hoffman caught up with us on the line after the concern may consummate revote in strasbourg and the europe that you want to build with this new commission how is the rest of the world supposed to view it. well i think it

and many others the european green deal is our new growth strategy it will help us cut emissions while creating jobs at the core of it will be in the industrial strategy that enables our business big and small to innovate and to develop new technologies while creating new markets we will be global standard settles this is our competitive advantage and it's the best way to ensure a level playing field. but all of this has to serve the european people they want and expect europe to act on climate and environment but they also need affordable clean and secure energy they need to be skilled to work on the jobs of tomorrow they need to commute to these new jobs or to be connected from home and we have to make sure that those needs are fulfilled in a sustainable way it is a generational transition towards climate neutrality by mid century but this transition must be just and inclusive or it will not happen at all. it will need massive investment and then ovation research infrastructure housing and the training of people it will require public and private investments at their european and at

at the upcoming international climate meeting in madrid this december she plans to present a european green deal which aims to make europe the 1st climate neutral continent by 2050. we do not have a moment to waste any more on fighting climate change. the faster europe moves. the greater the advantage will be for our citizens our competitiveness and our prosperity. to get going from the line will have to overcome europe's internal political problems once in office this sunday she'll begin torin european capitals selling her green vision as something quote inclusive recognizing that many countries such as poland and indeed germany still rely on coal for electricity she also needs to tackle countries like hungary which aren't too keen on european values despite being member states she certainly has a big job ahead of her. there is enough on the line is aiming high with a vision for the european union. hofmann puts those goals into perspective they are very ambitious and i think we need to talk about 2 things in this respect the 1st the magnitude of the goals fighting climate change is probably the

confident approach she said to international relations at the heart of her pitch an extensive european green deal to tackle climate change and the peace will vote in a couple of hours on her executive team the commission of which she is president will bring you the news of that result when it comes 3 now there let's take a look at some of the other news and 1st a multi-way a series of high level resignations has shaken the government that us as a scandal grows over the murder of the investigative journalist definite kind of wanted to lift him within 2 years ago now 3 senior government figures have resigned and another says that he has suspended himself the opposition is calling for prime minister joseph muscat to step down saying that the only decisions he is taking are to protect those around him. making a short sharp exit and angry crowd through accusations and eggs at multis prime minister joseph moore scott as he escaped parliament shrouded by tight security hours earlier his chief of staff and 2 ministers resigned the fallout of a police investigation gathering pace into the murder of promin

one, the so-called european green deal she wants to have for the european union.he other one is digitalization, which is closely connected to job security, the future of employment in general. you have to keep in mind, today was not just about whether they are going to do the next five years, especially for ursula von der leyen and her commissioners. it was also an important day after all those optical -- obstacles that they got such a convincing vote and we got to talk to one of the most important persons in the commission, vice executive president, earlier today. take a listen. after all the bombs in the road of -- of bumps in the road, you are officially a commissioner of the new commission. how do you feel? >> i feel great. also because it is a convincing vote. two thirds of the member of parliament who showed their faith and trust in us, that we will do our best. and you know what they say, you should enjoy the first day because tomorrow, problems start. i'm very happy. max: we had problems yesterday, tomorrow the problem starts. you enjoy today. you are one

commission president was the last underline she's just set out for a vision to european lawmakers on the line put a new green deal part of her plan will look at what she wants to do also coming up . the. political turmoil of the european union smallest nation as multiverse government is caught up in a murder probe suspicions are growing of a high level cover up as senior figures on the us president donald trump tells a reelection rally in florida that the impeachment inquiry has been going well for him to swing state as battleground for health. and here in germany chancellor angela merkel tells lawmakers her government is pushing the defense budget up in line with nato targets for spending. i'm so much going to thank you for joining us germany's was a left on the line is poised to formally take over at the helm of the european commission this sunday but she still needs the european parliament to sign off on her new team they'll be voting on it shortly that's underlines that her plans for the presidency at the parliament in strasburg a short time ago she said she would focus on equality the environment and digital

top priority that she wants europe to lead the fight on climate change and she has proposed a european green deal that is supposed to get europe a climate neutral by 2050 so big goals that the e.u. commission has set itself however look i remember very well in 2017 there was a directive on more efficient vacuum cleaners in other words unofficial vacuum cleaners were banned that was a direct result of what the e.u. took action in order to save energy in a particular field and the outcry from all across europe was oh look this is over regulation from brussels so whenever you put. a name into concrete action that is when a climate policy does become difficult how do you think climate activists are likely to respond to this declaration well we'll have to wait and see i mean clearly they will have what they will see that all these demonstrations another big one to come tomorrow here and here in brussels and in paris as well with a big climate conference in madrid had next week so that the feeling there is what i've heard from from people on the streets is yes it has registered with politicians that th

priority of her european commission to fight climate change and that is why she has put forward a european green deal putting some real money some some real concrete proposals on the table in the next weeks and months we'll have to see what comes of that and how she intends to fight climate change bringing down c o 2 emissions from europe right well it's very clearly now on the agenda for the european union will come back to you in just a moment cared but let's take a look now at what is at stake when it comes to climate change and how rising sea levels are affecting the planet. beautiful but endangered greenland's ice sheet is melting at record speed raising sea levels across the world global warming could redraw the world map as we know it. to you dr no or when i was a boy there was a lot of ice that could go to court and were 10 months years sometimes you hear them and. but in recent years stare only 4 to 5 months. in october everything used to be locked in ice but now only in december not for many. scientists are on a mission to predict just how much sea levels will rise globally. if it happens a

blog from the 1st of december the german politician says she will work towards an inclusive european green deal within the 1st $100.00 days of her tenure and she says any new trade deals will include clauses protecting the environment. hello again the headlines on al-jazeera 3 plane set to be carry the prisoners have landed at yemen airport which has been closed since 2016 the group of around 130 prisoners had been detained in saudi arabia were released as part of an exchange deal so you led coalition has allowed the airport to reopen to limited flights including for patients needing medical care how much more from santa. this is the 1st flight. for the president before this 1st there are fishel. warble release of for president before by saudi arabia. people are hoping this is a good push forward for achieving all realizing the peace in yemen which has been going through difficult destructive times throughout nearly 5 years a curfew has been imposed in the iraqi city from nasiriyah after 16 people were killed during anti-government protests security forces opened fire to disperse a demonstratio

her biggest measure is the green deal for the european union.onated strongly for the european voters at the european election in may. this is something she has said will be her number one priority once the commission gets going in december. nejra: we have got reports in frankfurt, someone saying that ursula von der leyen is seeking around 3 trillion euros to spend on climate protection efforts by 2030. it is really hurt star measure, this european green deal. can she get it done? maria: that is a big question for to the region, a, who will pay for this? 2, she has set herself a very tough deadline she was. a deal that will see a written us she was the european union to -- she hason neutral set herself a very tough deadline. he wants a deal where the european union will become carbon neutral in a few days. the leaders worry about the economic impact of this. then you have the european businesses who wonder, how are we going to become a european industrial superpower but also be very climate conscious at the same time? it is difficult to see how t

from the 1st of december the german politician says she will work towards an inclusive european green deal within the 1st $100.00 days of her tenure and she says any new trade deals will include calls protecting the environment. still ahead on the al-jazeera news hour we'll tell you why how rather this ancient sport could help the host nation top the medals table at the southeast asian games details coming up. this december make the heroes of europe asia africa the middle east oceania. to a stage played for legends becoming shirts makes the stakes peak for the us because it's best. to excite the shorts so i want to. put this feel good call to. make cuts go your goal. does the mind play tricks the damn car is always parked right there or are they really out there and you've passed the family by like pull up a monster and drag of your act like they're not in the car a filmmaker takes the f.b.i. to court to find out the proximity 33120 pages of records and in the process mobilizes her community as long as people are able to talk then there is little check against the feeling of being watched

at the top of the to do list is proposing a european green deal — that aims to reduce emissions acrossmpared with 1990 levels. and on the economy, von der leyen says the commision will bring forward a new "legal instrument" to ensure every worker in the eu has a fair minimum wage. she has also committed to drawing up a set of rules to regulate the use of artificial intelligence across europe. and has set the end of next year as a deadline for the eu to resolve the issue of taxing digital services — something it failed to resolve in march. well, matt bevington is here with me. imight i might say, rather cheekily, does the eu do anything in 100 days? not to pass legislation at this scale, but it does set the groundwork. she has had to delay her current mission and months, she has had three stopped, and she is having to work on the eu commission more broadly. when you look back at the last parliament, about two thirds of the proposals put forward by the juncker commission were adopted. i detect by looking at the fragmentation of this parliament, she will have a tougher job. that's right,

parliament in strasburg the german politician says she will work towards an inclusive european green deal within the 1st $100.00 days of her tenure and she says any new e.u. trade deals will include clauses protecting the environment if there is one area the word needs our leadership. it is on protecting our climate this is an extension issue for europe and for the want. how can it not be existential when i 85 percent of people in extreme poverty live in the 20 countries most vulnerable to climate change. the united nations as urged greece to take urgent action to improve conditions at over cried over crowded migrant camps on several greek islands the un high commissioner for refugees phillipa grandy described conditions at the camps as miserable during a visit to the island of less force about $39000.00 asylum seekers are currently living on the islands with hundreds more arriving every day greece's government has pledged to expand the camps and resettle thousands of unaccompanied children on the mainland. spanish police have seized the homemade submarine that was carrying 3000 kilos of

they want to be talking about a new green deal for europe. can she get her european- new deal done? >> she says this is her number one priority. this is something that really resonated with voters. they want to care about the environment. that is why the green did so well in that election. leyen has taken that on board. they want to make europe a climate neutral by 2050. funddo you find it -- it? european nations are worried because they are still very heavily industrialized countries. many countries will say we want to be an industrial power but also environmentally conscious. how will we bring those two concepts together she has considered? x for thosemmon ta companies that do not comply with the target. anna: maria tadeo at the european parliament. leyen is giving her speech in strassburg. we will be speaking to the incoming european commission president later today. that interview, you can see it on bloomberg tv at 3:00 p.m. london time. plus, we will also be joined by the incoming european commission vice president for economy at 1:30 p.m. london time. some of t

commission's president was a funded line she's been sending out her vision to european lawmakers on the line put a new green deal at the heart of her plan a look at why she wants to also coming up.

underline she's just set off her mission to european lawmakers something like put a new green deal tart after plant look at what she wants to do also coming up. was a political turmoil in the.

that is the cornerstone of the green deal pledged by incoming -- the incoming european commission president. global news 24 hours a day, on-air, and @tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. i'm mark crumpton. this is bloomberg. in his 1:00 in new york, 6:00 in london, 2:00 and hong kong. i'm shery ahn. welcome to bloomberg markets. from bloomberg world headquarters in new york, here are the stop -- top stories on the bloomberg and around the world that we are following. stocks in the green after china says it will raise penalties on violations of intellectual property rights. its trade deal imminent. n versus oxime. carl icahn is about to receive control of the board. we will have details. drug pricing transparency. to medications cause three four times in the u.s. and elsewhere, and what president trump proposes to do about it. in the meantime, halfway into the trading day. green, risk on across the board. small caps also performing. kailey leinz, what do you have for us? kailey: small caps are performing, up about 2%, the best day for t

green new deal says the fossil fuel civilisation will collapse by 2028. i'm meeting mr rifkin here in bethesda near washington he's an economist futurist and advisor to the european union and the german government he's made a bold prediction the threat of our extinction will move us to a 0 emissions economy jeremy rifkin in your book the green new deal you argue that our civilization which is based on fossil energy will collapse as soon as in 2028 now for 200 years fossil energy has been the most important source of energy can you believe that's hard to understand for a lot of people including for the economy which is depending on oil i think what people don't understand is the entire civilization is made out of fossil fuels are fertilizers and pesticides are construction materials are synthetic fiber are packaging. food additives and preservatives are power transport are eat are like everything so what's happened now ever is that we are now in a pivotal turning point for this fossil fuel based industrial civilization. we have now spewed so much carbon dioxide into the atmosphere to maintain this industrial way of life that we are now finding ourselves in real ti

european commissioners. we were keen to get his thoughts on how we would see commitment to a green deal in europe, how that wasn european spending. let's listen to what he said. 's financing of european green transmission, there is much growth in question, so we will probably be working on sustainable europe investment plan up to one trillion euros over the next decade, and we will also be setting the right framework for private finance. we will be working on our next sustainable finance action plan. to bevincent, is it going the case that where it was difficult to do more fiscal spending previously, green issues are going to be used as this sort of excuse to do more fiscally in europe? vincent: probably. and i would like to differentiate two things when we discussed fiscal easing. we often discuss it at the number state level in europe. i don't think that is really european number states to exceed the level set before 2012. any deviation from this would lead to higher financing costs. we see that in italy, meaning the marginal effect of more spending would be erased by higher funding costs. so i don't think t

majority here within the ranks of european peoples party conservatives liberals and socialist and and look at germany i mean the 100 comma s. come out against the green new deal even before the green new deal was put on the table and that shows that basically those who usually support the console the diesel don't want to go that way so the road will be hard to convince them so declaring time into an emergency is all fine by me but if it remains a pure declaration it is just wasted energy mr thomas thank you very much as always . now rescue teams in albania are in a race against time to find survivors of tuesday's earthquake the death toll has risen to 40 making the quake one about then yes deadliest ever powerful aftershocks are complicating the search and forcing nervous residents to sleep outdoors crews have flown in from across europe to help with search efforts. sniffer dogs from a crime and rescue teams scour the remains of a collapsed building. a girl is still missing in the rubble. house on the street people who have lost their homes wait for help the coastal city of duras is one of the areas hardest hit by the quake 27 buildings here have been destroy

if you look at the next european commission, we will be in the area of economy dealing with green and eu economy so there is the potential for europe to become carbon neutral by 2050. andill be working on europe when undergoing those major economic transformations, we need to ensure they preserve our european model of social market economy. this will be one of my tasks when working on the economic and social matters. david: and on the question of green, particularly, i know you've said you would like to see reforms made within europe that would make it easier for banks in europe to make loans for green investment here it is that possible within your jurisdiction or it does the european have to sign off on that? as regards financing of european green transition, it must be said it is a much broader question. we will be working on sustainable europe investment aiming up to one trillion euros of investment over the next decade. setting the be framework for private finances. we will be working with our next sustainable finance action plan. your question on providing some support for bank

european markets finishing mostly higher. you can see here a lot of green behind me, amid optimistic signs on a trade deal between the u.s.hina. the ftse 100 is the underperformer after data showed a slowdown in the uk consumer spending picture last month. those shares are still higher across the index across europe, it is volatile the last few days. stock 600 set to close out above the flat line, just about flat there. let's step back, look at the recent performance for european equities we talked about the relative strength in the united states compared to global benchmarks this year. since the lows hit back in early august, the stock 600 is outperforming the s&p 500, it is on pace for the biggest annual gain since 2009. that's thanks to better than expected earnings, including today from danish shipping giant maersk that stock up more than 5% in trading, pacing for the best year since 2013. it is kind of an encouraging sign as it is seen as a bellwether for the global trade picture. shipping a huge focus today. back to you. >> thanks so much. >>> let's get a news update. for that, we'll go to sue herera at hq. good mor

green. the nikkei as well. again, china looks like they're ready to make a deal. lauren: the new europeanal bank head christine lagarde is speaking and in europe stocks up across the board. cheryl: we start this morning with china, they are vowing to retaliate if necessary as they work to reach a trade deal with the united states. that statement from president xi-jinping coming one day after china invited u.s. trade officials to beijing for a new round of trade talks. xi added that china has a positive attitude about the negotiations. talks reportedly hit a snag over purchases of u.s. farm products and when the u.s. would lift tariffs on chinese imports. an official at the u.s. chamber of commerce said a phase one deal may not be signed before a new set of tariffs on chinese goods takes effect in mid-december. a lot of back and forth with that breaking news. lauren: the markets respond when it comes to china. progress on a trade deal could be complicated by a bill approved in congress that supports the human rights and the pro-democracy protesters in hong kong. prprotesters are calling on

nuclear deal authorities here say since the united states withdrew last year and imposed if syriza further sanctions on iran the remaining european signatories have yet to uphold their end of the green meant and until they do iran will continue to advance its nuclear program that is something to european union is continuing to warn against we have continue to are trying to reverse such steps without delay and to refrain from any 4 dimensions that would undermine the nuclear deal you know that we as the european union remain committed to the implementation of the j c p a way because it's a matter of respecting international agreement it's a matter of our security but we have also been consistent in saying that commitment that our commitment to the nuclear deal depends on the full compliance by this announcement was made on the 40th anniversary of the takeover of the former u.s. embassy in tehran where thousands gathered to mark the occasion they were demanding the return of the former shah mohammad reza pat levy to iran to stand trial the shah had been allowed into the u.s. to receive medical treatment for cancer those anti-american sentiments are still strong and for many here the u

secondly, working in the european union, our meps, we doubled the number of meps at the last election and they are pushing for green deals country are not in isolation. if we expand our airports, then other countries have to expand their airports. then we get a race to the bottom in airport expansion. if we plot investment in technology, it can be exported round the world and you get economies of scale so it works quicker and more effectively for economies when they see how you can create cheap, renewable energy. it is about showing leadership, sharing those benefits with others, recognising that what we do doesn't exist in a vacuum. thank you, and now charles. hello, i have a question about the uv ipad as he. supply and demand, won't you create a demand for products without work and therefore create a system where automation will throw everybody out of work because we cannot regulate redundancy of human leda annual creativity system where those are wealthy enough to invest in automation will have abundance, but then everyone else will be a complete underclass who are living off the state as automation will have put ever