euro-dollar.ake a look at that chart on the bloomberg. finally i just want to point you to this. in terms of the economic surprise index for the euro, has turned negative. reporter: we have solid gains for the major averages. the dow, s&p 500, and nasdaq all of it higher, although a bit volatile. the question will be whether or not we see yet another bearish reversal. one pressure on stocks has been rates. when they go higher, stocks go lower. when weights -- when rates go lower, stocks go higher, and that is what we are seeing. haven bonds are rallying, a relief for investors right now that inflation prospects are perhaps just slightly less. it is a relationship we've been seeing quite a bit. if we take a look at the imac on the s&p 500 -- the imap -- the imap on the s&p 500, we see real estate and energy being posted by that apartment of energy report finally was talking about. financials really being dragged on by the banks. i've been asking a lot of technicians out there, will we see a lower l

the euro-dollar down. composite pmiaker coming out of europe, and the pound also getting hit as well. 10 year yield pretty much goes nowhere, standing firm into the five-year auction. crude a little weaker because of that stronger dollar story. david: at 10:00 this morning eastern, we get existing home sales data. at 1:00 the u.s. treasury is auctioning $35 million in five-year notes. now the turn to our first take away, these are big stories. that great treasury sale continues with two-year yields in the option yesterday the highest in 10 years. continues toconomy struggle to get wage increases to keep up with inflation. glencore reports earnings with catholics flow and earnings -- the turnaround in that company is so dramatic. it was on deaths door just a couple of years ago. >> come inside the bloomberg. we had all those auctions yesterday, and this is what we saw. yields rising to the highest level in 2008 print much across the board. ira, what did we learned yesterday? we learned demand was maybe a li

the company is worth thirty seven point six billion euros and the headquarters. second place. the online ride sharing service is setting out to expand internationally but whoever wants to buy it will have to hand over forty point nine billion euros any takers. coming in at number one is the american transportation provider this ride sharing services worth about fifty five point six billion euros and it offers reliable transport to people from all walks of life. that was the ship ranking and now telephone scammers fake microsoft employees are targeting p.c. users worldwide claiming computers are in danger they offer maintenance software as a solution their goal to acquire valuable data from users and their money. and then explain to her in english that he works for microsoft he warned her that it just that moment her computer was being hacked and all her daughter was in danger to stop the hackers he said she should give him access to her p.c. . again to be sure that he really works for microsoft i looked at the number where did this call come from there was nothing suspicious a

in third sales force this company pays in turns just over five thousand five hundred euros but working there you might need to throw your weight around a little. but runner up to microsoft working as an intern can be a rollercoaster ride your they can enjoy the stylish work environment and six thousand euros for month. taking top spot is facebook internes can stroll through menlo park and enjoy being part of this worldwide phenomenon for a salary of six thousand seven hundred sixty euros a month and they're looking for staff so apply now. that was the ship frank and now short and sweet the shift snapshot. goes. witches and things that go bump in the night. but are all those creepy tales that we hear really just made up jenny and tony brewski don't think so the couple from kansas run the real ghost stories online found cast it's a call in show where listeners talk about their creepy encounters. and you know the weirdness that. fans love these scary stories there are almost two million downloads each month on you tube i don't send other upon chaos platforms and for about five euros fans

pack only means you could out of the east towards tournament for around one hundred eighty thousand euros in prize money the u.s. market research company super data says the gaming industry had a worldwide turnover of seventy three billion euros in twenty sixteen but the industry is interested in female gamers this customers which is one reason the secure starting to shift focus for instance to writers lara croft has changed during her twenty year long korea from a mia busty warrior. to a fully realized adventurous woman more and more games are creating multifaceted characters like our boy they hear it from horizon zero dawn. masters from the three d. adventure game life is strange. that it's these advances are a consequence of game against issues have been hotly debated under this hashtag for years one provocative question how six system is the gaming industry and must change one goal of the game design department at the college of technology and economics in berlin is to get more women into the gaming industry itself the fact is that women play games therefore women can also make games

behind die in the bents at the added us and banks being shipped close to one point three trillion euros worth of goods to the rest of the world an increase of more than six percent compared to the previous year's figures which were also a record imports increased as well to just over a trillion euros that had a welcome side effect it narrowed germany's and tourist trade surplus to two hundred forty five billion euros germany has been drawing fire from the u.s. and other trading partners over the imbalance for a long time now let's go over to daniel cope our financial couch correspondent in frankfurt who's following this story for us so the trade surplus is a subject again daniel but this time it's actually struck. yeah exactly products in germany are still it's truly popular but there's this double or more standard yes that has been going down for the first time in eight years about four billion euros less in two thousand and seventeen compared to two thousand and sixteen yes but whenever germany is being criticized about this surplus we also have to remember that germany for example is

it monitors trees vital signs using technology similar to fitness trackers but at six thousand euros to install it's pretty costly measurements about water flow are especially important. but others are sort tots and of the money that's kind of like the heartbeat. of a dollar that tells us if a tree is in good or in bad health this of the state is because if a tree is dried out and under stress it communicates that to everyone on twitter look at. the mess in the stuff. the forests are crucial for our climate the leaves absorb carbon dioxide and amid oxygen trees also filter pollution out of the air professor steppers project monitors how much water trees absorb through their roots it travels through tiny capillaries and evaporates into the air through the leaves. up to two hundred liters a day flow through a beach when the ground is wet and the sun's out it does well article in the it's important to learn more about this tree serve a purpose they transport water react to our climate and influence that the book. came out. this beach isn't the only tree on twitter a plane tree in brande

tax reform we'd now be reporting a net profit of almost one billion euros. so john prine giving some explanation for the largest loss last year in german of all things an hour for some more analysis let's bring in our correspondent daniel cope who is at dodger bank headquarters daniel is the just the impact of the u.s. tax reform that is hitting the larger banks bottom line here. well jon cryer was very clear that those numbers are certainly under the expectation they were really hoping for more mostly of the fourth quarter was very difficult for georgia bank and yes there is saying that is this is mostly because of the tax reform in the united states without the tax reform they would have made nine hundred million euros but also he was saying that even this would not have been good for the bank as well they are also saying that the market environment right now is very difficult because of very low interest rates he was also stating that the investment banking sector was really suffering because of low volatility in the market so he is clearly under pressure

euro strength against the pound is what we are seeing, but a bit of euro weakness against the dollar.ook at what is happening in fixed income and you can see yields moving higher in the core and the periphery. the 10-year bund yield up. yields moving higher. also, oil moving higher. wti above $62 a barrel. some of that might have been down to the dollar weakness. let's check in the bloomberg first word news. jessica summers has more in new york. jessica: president trump is open to improving background checks for gun purchases. according to the white house, the president spoke to republican senator john cornyn about a compliance with criminal background checks and supports efforts. president trump has been criticized for not doing anything about gun control following last week's school shooting. meanwhile, present trump spent the weekend criticizing everyone but russia for meddling during the 2016 presidential campaign. he tweeted 14 times over 24 hours, criticizing democrats and robert mueller's special counsel investigation. that came after the indictments of people leading efforts t

all of that cost the airline an estimated ten million euros. look tonsils new blue will be very exclusive the color was developed especially for the airline. and that ends our roundup of the week's business stories. culture. hair. superfood stylish dog current. lifestyle euro. coed africa smart solutions for the environment. is not seen horses endangered they're only found at the mounds of three rivers in south africa and the attack is under threat from pollution. project aims to permanently protect the rare species. go at africa in sixteen it. is merely. the scars on. the pain of the tangible. for god. for our city and. they have survived do they also have a future. i really understand people who say they don't want to stay here. but i also admire people who want to stay here and who. decided to create something good coming in peace time what needs to happen if tolerance and reconciliation artist is a chance to start this city's after war starting march tenth on t w. i ever want to welcome to the final episode of our euro max special with all

tallied up a net worth of twenty five point four billion euros not too shabby. third place shall mean the chinese electronics company sells smart phones for low prices and over as much of its success to its charismatic c.e.o. the company is worth thirty seven point six billion euros and the headquarters have a cool slide to boot. second place d.d. choose the online ride sharing service is setting out to expand internationally but whoever wants to buy it will have to hand over forty point nine billion euros any takers. coming in at number one is the american transportation provider for this right sharing service is worth about fifty five point six billion euros and it offers reliable transport to people from all walks of life. that was the ship ranking and now telephone scammers fake microsoft employees are targeting p.c. users worldwide claiming computers are in danger they offer maintenance software as a solution their goal to acquire valuable data from users and their money. tonya daughter ling usually cool. and i explained to her in english that he worked for

sells for around eighty nine thousand euro. volvo's are not only notoriously safe they're also innovative the swedish company released its off road station wagon the v seventy cross-country twenty years ago now that the ninety cross country has been tweaked to bring this type of vehicle to an all new level. the ninety cross country is comfortable most luxurious and as with the normal view ninety there are plenty of options to tailor your vehicle what a huge panorama roof or a twelve inch electronic instrument cluster it's yours for a price the biggest difference from the all the ninety is it's higher ground clearance twenty point five centimeters i found out that it can't estimate it's go out says that while driving you hardly notice that the car is a bit higher except maybe at the sides where the higher body of the slanted walls make a difference but that's usually negligible but i digress that's ok for a lot of this. what's more obvious other differences in the x.t.'s. it is our silver colored under right protection and accen

most people the thirty thousand euros that a v.w. golf g.t. i cost is already an id some b. up is a cheaper alternative starting at just under seventeen thousand but it looks like what's wagon is targeting a younger crowd or perhaps minimalist as well minimalist like klaus so let's see what this little guy can do. traditionally stands for power and speed. this up as a turbo charged eighty five kilowatt one liter engine so can it live up to the billing this mini hot hatch goes from zero to one hundred eight point eight seconds which is not all bad and to enhance the g.t. i feel there is a sound actuator to let the modestly sized engine roar at least inside the cockpit and as it off a bad road should certainly notice that this is indeed a small car the wheel base is rather short this is spencer and is a bit firmer this spring and damping rates. our very sporty front axle has been stiffened and the rear axle as well so it hugs the road nicely this is a true g.t. i the right height has been lowered fifteen millimeters and the body widene

tom: what is your call on euro-yen? what is your call? i favor euro upside.k to the point of the eurozone recovery. even when the eurozone is in recovery there will be divergence. italy going up 1%, germany going averagef that is the that generates divergence and could be problematic if the euro continues to strengthen. francine: there 10-year and a german bund, where does it go next? theum: it tells us that u.s. cycle is more mature than cyclerman cycle, the euro more broadly. probably by two years. what this tells us is that markets are ready for shorter and the sooner monetary tightening in the u.s. and more inflation risks because it is and mature than in germany the wider eurozone for the ecb can go slower and has more spare capacity to play with so they don't worry so much about inflation risks. right now, howcs does the u.s. yield story fold over to europe now? kallum: what we would be concerned about in europe is that our cyclical upturn will probably not reach its full maturity because the u.s. cycle is so far ahead, two or three years. the longer en

it is stretched on the euro.t surprise you if people began to take a little bit of profit on that? it sounds like mario draghi wants to step back on his inflation. he has talked about inflation and the need to get there. what makes sense to take some money off of the table -- would it make sense to take some money off of the table? >> the market has been anticipating that perhaps we did not get an interest rate hike from the ecb this year. with the bank of japan, the market was convinced that the bank of japan would be stepping back. i would say that that type of speculation as a little bit ahead of itself. both mario draghi and kuroda have been pushing back against this speculation. i think we are likely to get a continuation of that dovish talk. anna: we have seen some strong data out of germany. does that involve the hawks at the ecb? >> i think it keeps the hawks at they -- bay. the hawks in germany are not going to go away. the pay deal that they have got, it is quite substantial. i think it is very interest

, every day, that does not appear on the euro, every day, that does not appearon our the euro, every. it is not on the official german budget because it is money coming from the european central bank. the german government especially but it is not automatically part of my budget. were talking sums that exceed these huge budget, more than 20 billion a year and it does not even appear. this is one of the scandals of this budget because the money comes from europe. it is european tax money from european citizens, especially german ones. i understand that the afd really does not like away the eurozone works and wishes that the deutschmark could be rest restored to germany. would you go further? would you want germany to leave the eu? do you look at brexit and think that that is something that we want and need in germany as well?” that that is something that we want and need in germany as well? i am sympathetic towards the british who voted for brexit. however, the world did not go under in britainjust because you left or are about to leave. so those prophecies that the world would end if

and urban development, while 50 million euros will go to the economy. struggled since the arab spring uprising and the country has faced a string of deadly terror attacks. your challenge today is to transform this cultural and democratic spring into a political, economic, and social one. your challenge today and it is a crucial one is to continue the work you started, making it a full and complete victory for your country. for this victory to change your lives, to create a better life for middle and working class .unisians that is the challenge you face today. anchor: to bring us the very latest on macron's visit to tunisia, our correspondent is standing by live. talk us through what france was offering. what they put on the table today in terms of funding. yes, emmanuel macron raised three points in relation to the economy. .unisia is facing a challenge he said that france will give 500 million euros between 2020 and 2022 adding the amounts to the 1.2 billion euros france is already givining over five year. the 50 million euros for youth initiatives ar

to do it in the most subtle way such as this putting a wedge between lots of other european union euro currency countries for example what is the response from the kremlin. well there hasn't been a response yet as far as i know there will be i think all there will be just all we do have nothing to do with it because if they did it we have to stress this point we don't know yet but if they did it they don't have to do anything more those days so the seeds of distrust between lotfi and the european union and it's going to be a success for them but. it's not clear yet the other interesting thing here is that levy has a year as a member so wouldn't this be not only good attack on latvia but also an attack on the e.c.b. well you know that's absolutely true. if they did it that's what they were trying to do because this man has been chairman of the lot of the on national bank for i think seventeen years now he's also a member of the council of the european central bank and the this is all pretty much in the connected so that it's in direct if not even a direct attack on the european central

these are markets potentially worth billions of euros. what we're lacking is experience and how to manufacture millions of these products. the product they're all talking about batteries cells they may not look that spectacular but they're the beating heart of electric carts. it takes several hundred of them stuck together to provide the electricity that will power the motor. electric and hybrid cars are growing in popularity due to their promising future german built models however have until now been polished by batteries made in asia not in germany itself and the country's own car manufacturers have shown little interest in getting to mystic battery production on the road. to leave there's any point making them in europe right now there's a global overcapacity in this market. sees things differently he sounded a consortium bringing together companies and research institutions to establish budget production in germany was we have to remember one thing developing and implementing large scale production of battery cells can't be done in t

on the global betting market followed two years later by the euro final with two point eight billion crooks where the detectives are going to get. that's because the fraudsters are likely to end up in this spider web of criminal activity where every not is a clue and little can go a long way in hunting down the bad guys here we have and then we have an e-mail address that can be something which is seemingly anonymized of you in a career private email one two three four. and we're able to see how those affected online and we're doing the same the phone number. so what we've seen here is we've looked across various social media. or across the surface the web of actually recognize that it's ready to use to register to scupper . on the phone to be used to register to other social media because this could be a skype this could be a facebook this is just based on the e-mail address and they're just e-mail address or phone number. and that's just the beginning tracking down social media ok. not a problem private photos easy as pie friends and business contacts you name it even events attend

it had been expected to post 180 million euros.eoif lucid theory, the said he is upbeat about the investment bank. all, it's a modest decline in a low volatility environment. banks whichh the already have these figures, we are doing better. we are beating market share. juliette: u.s. senate leaders have announced a bipartisan to your budget agreement that would provide $300 billion in additional funding. the plan would suspend the federal debt ceiling until march 2019 and provide almost $90 billion in hurricane and wildfire disaster eight. senate vote is expected today, followed by the house. the dollar rose after news on the deal. senior white house aides had heard of domestic violence allegations against president trump's staff secretary before the publication of reports that led to his resignation, according to people familiar with the matter. it was not clear who knew of porter's history with his ex-wife's or how much they knew. two officials said trump himself was a -- unaware of the allegations before the white house was appr

michael: we have got the euro versus the trade weighted euro.as not been following. how soon do we see that happen and does the dollar euro exchange rate effect that enough to make a difference? shahab: a lot of factors go into it. sterling is a big component. china is in there as well. i think what we are seeing is broad-based dollar weakness. which is the opposite of what many expected to go into this year after the trump tax cuts. the market was looking for to strength. the story of dollar weakness is something we need to consider and that goes back to my earlier points. michael:the market was looking o strength. when do we worry about the dollar? gary: i don't think we do. it is true that europe has picked up, and all countries are on a more equal basis, but it seems there is an inherent demand for the dollar. it is a safe haven and i rather suspect we will see a stabilization of the dollar and maybe strength. thank you-- michael: both for joining us this morning on bloomberg surveillance. they will both come with me over to bloomberg radio.

it has launched a 750 million euros share why back.t will increase this year as it pays for flight crews and also it might be further disruption to its operation. quite a bit of news feeding into the shares. it has pledged to remain competitive in europe. on the upside, i'm looking at kingfisher. the reason it might be gaining is because the do-it-yourself retailer in australia has said it has taken a one billion aussie dollar charge on its to your acquisition of homebase. perhaps some people see positive see through to kingfisher, a competitor up 1.4%, the best performer on the stoxx 600. guy: these are the stocks we want to focus on, a big week as well for the central banks. jay powell he comes the new fed chair. -- tryingy is prying to heat up -- it already is heating up. whene all waiting to hear we start to get a sense of the tone that will be generated out of jay powell. meanwhile, mario draghi set to address the european parliament a little later. of the inflation report out the bank of england, a super thursday, markets pricing

receives billions of euros in a huge development funds every year. and i'm afraid that hold your business if you want more you can check us out on a social media facebook and twitter just search for d w business i'm on twitter at winter of business well i'll be back with more tomorrow same time same place. until then from the new business team here in berlin thank you very much for watching. to. learn german with. any time any place. with or with. it's the good looking like a missile spritzes it's perfect join the cause of war with all over the world. online and interactive. german to go. learn german for free with g.w. . to barely feel. the scars on home the pain still tangible. the sun from virgo. four cities and. they have survived but do they also have a future. i really understand people who say they don't want to stay here. but i also admire people who want to stay here and who decided to create something . new a new beginning in peace time for the people making it possible what needs to happen if tolerance and reconciliation are to stand a cha

rules of the game for successful banking in the country he allegedly demanded one hundred thousand euros a month in bribes from the owner of the life in bank norvig banka the financial institution then filed an international complaint not be as finance minister sought to offer reassurances. welcomed. i can assure you that they're not then fine and system is stable banks don't have the credit issues so depositors' can feel completely safe. obviously order to protect the finance sector stability and reputation i think that room service should resign from his post while the investigation is ongoing it's not going to go as a result of a second scandal the e.c.b. stopped all a.b.l. the bank payments on one of the country's biggest banks it was accused of breaching western sanctions on north korea. who will win the election in italy a lot of parties are competing and sympathies are growing for the five star movement especially among people who are unemployed and frustrated that the government the movement embrace is anti capitalist and anti consumer ideas and could make a difference whether or

we are watching the italian election next month where some more and a euro or euro skeptic parties arehat should cause markets to be nervous about the future of the eurozone and the future of italy's membership or stance towards the euro. things we are watching. they have lowered on the list given the activity this week. for the medium and long-term, keep them in mind. in terms of the u.s., tax reform has been an exciting thing for u.s. companies. earnings per share estimates have nearly doubled, given the reports we are seeing from companies on how the tax reform will affect individual companies. when you aggregate it, the earnings picture looks brighter in the u.s. we are in the early faces of infrastructure discussion in the u.s. which could add fuel to the fire. causing the u.s. late cycle recovery to continue. vonnie: are the geographies you are avoiding because they are too volatile? >> not really, if we have a positive fundamental driving the market, most equity markets have a lot of good things to take from. we see emerging markets will be a bit more volatile and the long-term,

mario draghi's's comments on the euro generally refer to the fact that the euro is, in other words, theresequences for monetary policy. the messages we have been getting from the ecb are, at the moment, the are p level is ok. they do not want to see it is these kinds of levels and changes, they could live with that. this is mario draghi's last public appearance before the next decision on the eighth. seen arun-up, have we little more of a slightly hawkish tilt from the governing council? hard one to judge. there have been hawkish shifts, for example. and then giving a speech in new york on friday, noting that the ecb can't afford to slow its bond purchase program, he forelf said he is not eager an early normalization of policy and that is the key. most policymakers that you speak to say they all agree on the direction the ecb is traveling in. that iseed of movement really the point of contention if you want to use that word. vonnie: thank you so much. tomorrow, i will bring you an interview with the member of the ecp -- ecb's is governing council. that is 1.4%yfunny: the ruble up almost w

>> it is 300 million but we changed it last november. 400 million euros. -- 700 million euros.ofare the the -- president of the club, if somebody came in to offer you 700 million euros, you would not sell messi? >> no. >> not even if it secures the future of the club? >> no. we want to have good football. a unique way of football we do player.i is our key messi does not want to leave barcelona. he likes the city. he came from argentina when he was 12 years old. -- if ahave as many player does not want to leave, he will stay forever. vonnie: the president of fc barcelona, a convinced resident talking to bloomberg. nejra: let's look at where european markets are trading as we head to the close. stoxx 600 on a headline level pretty much flat but divergence in terms of geography. dax lower and the ftse 100 is higher all the cac 40 is pretty much unchanged. ♪ ♪ nejra: from bloomberg's european headquarters in london, i am nejra cehic. equities just finished in european trading and let's take you to the action. on a headline level, pretty much unchanged for the stoxx 600 after back-a

receives billions of euros in development funds every year. i'm afraid of that whole your business if you want more you can check us out on social media facebook and twitter just search for d w business i'm on twitter at winter of business well i'll be back with more tomorrow same time same place. until then from the business team here in thank you very much for watching. the succeed in dividing us not succeeding taking the people off the streets because we're tired of trying to show. global news that matters d. w. made from minds meet the germans new and surprising aspects of license culture in germany. the us american get news of take a look at germany this increasing use of their traditions every day lives and language in this time of my life. so i'm ok i'm good. at the trick of d.w. dot com the german. elastics about the moments that. it's all about the stories in song and it's all about george chance to discover the world from different perspectives. join us into sponsored by distinctive instagram or others at g.w. story the topic each we

thousand euros to buy one. that said list price. seventy five thousand euros would normally get you a luxury model so it's no surprise that toyota leases most of its hundred fuel vehicles the car maker is hoping to win over germans to the idea of hydrogen powered emissions free vehicles. as would have been ok but there. were about to go into a tunnel how long is it. no idea if you call your local or the so very. probably going north of south and south under the l. the river so not to adelaide. the way you could that would be no problem with hydrogen fuel on our app you can even see where you can get fuel but one of the i'll be taking my own mare i on a ski holiday later this month it will get fuel in in the spring and we could also fill up in bud sonam these days international travel with a hydrogen powered car is no problem amazing isn't it. that. you believe us company h. two mobility is working to expand the network of fueling stations to hundreds of cars. or start a priest based in berlin and receives funding from the german gov

bullet for around twenty five euros. as if you go to sea and he city go costs more than the gasoline version but ryan also is natural gas is cheaper than gasoline in public utilities often provide subsidies or vouchers for phillips if you drive fifteen thousand kilometers a year a c.n.c. car should pay for itself in three to four years so it's good for your wallet as well as the environment it. is the perfect car for eco conscious penny pinchers. i know it can drive three hundred kilometers on a tank of c. and g. and then fill up for just thirteen europe's no diesel can match that germany has some nine hundred national gas filling stations that number should grow but each requires an investment of some two hundred fifty thousand euros and he has a tip for c. and g. car owners driving around southern italy they use another filling system there so get an adapter. there are around forty five hundred natural gas filling stations in europe mainly in germany italy switzerland and the czech republic. induced mercedes-benz has p

baltic countries and countries and institutions really of course that he also is a man the all the euro zone would this not then be a case of also an attack on the e.c.b. yes of course i mean the russian government has tried to intervene militarily and the ukraine or georgia and they can't do this in the baltic countries although they were allowed to because they were really angry when the baltic countries were being admitted into nato and also into the opinion and also into the euro zone so what they're trying to do is a little more subtle. of course in direct attack on the whole system on the whole european currency system and all these to be as well of course it would be if it's true make out that it was still thank you very much. venezuela's painful economic crisis has prompted the government to come up with a rather unusual solution a new crypto currency called the picture that is your currency will be backed by commodities like oil and is weighing in president nicolas maduro has already hailed it as a big success he says that they have received more than seven hundred million doll

narrowing germany's notorious trade surplus to two hundred forty five billion euro. and you know your country is experiencing an intense export boom when it runs out of something as mundane as the wooden pallets used to transport goods well that's what's happening germany and it doesn't matter how good your planning is there are so many factors involved that it can cause a bottle make fun sheens that make the pallets to the forests that produce the wood it's an operational nightmare. the family owned company a monster is running at full capacity now in its sixth generation it specialized in producing wooden transportation pallets forty years ago. the head of the family says they've never had to cope with the kind of overwhelming demand they face right now. until last year they said was piled high from wall to wall with pallets now it's cleaned out. but why is that. the economic boom industry is literally pulling out pallets straight out of the dryer and straight on to the trucks we can hardly even manage to build up a small buffers or reserve. stand off the bomb. las

the only thing i disagree with --i think the euro-start euro-sterling exchange rate is a better barometerro against the dollar looks strong, which is a reflection of the dollar being weak. brexit,you see news on it is euro-sterling that is really moving. orwe get a breakthrough break on the brexit negotiations, i think this is going to be the thermometer to watch. francine: thank you so much. marcus ashworth and peter shaffer from rbc capital markets. up next, can the u.k. prime minister find a brexit plan to please both brussels and her own fractured party? we bring you the latest on the brainstorming session yesterday. that is coming up next and this is bloomberg. ♪ francine: theresa may and her cabinet spent yesterday in the prime minister's country retreat hashing out the details of their brexit strategy. after a marathon session, it seems some progress was made toward reaching a unified position and breaking the deadlock. britain will ask to keep the you regulations on a voluntary basis for key sectors. the european commission has already shot down the proposal, saying it won't work.

has just enjoyed its third annual loss in a row close to half a billion euros the lender insists it's making good progress in cutting costs but it will take time to improve profits it wants to streamline operations its business in less profitable countries and install a low cost culture except the top management. has a p.r. problem on its hands in the past days us all. thirty's find the bank a combined eighty million euros for market manipulation it's already paid billions for a series of scandals involving its mortgage business the pressure rising on chief executive john cryan he took over in twenty fifteen to turn the bank's fortunes around but three years in crimes only post of lawsuits he says he needs more time and they've been reports the five base lender is planning to hike staff bonuses to a grand total of more than a billion euros for twenty seventeen the german government says the bank should consider the impact on its image is what crime had to say about today's worse than expected results. this is yes it is the third loss in a row. for however it is also our first pretax p

the money comes from the european union one hundred fifty euros transferred to a special debit card every month twenty five euros per person for her husband and their four children it's not much but it's enough to cover the rent and provide enough food for the first half of the month. the family fled aleppo two and a half years ago as the syrian government and rebels battle for control of the city . friends who stayed behind told them their home was destroyed in the fighting. an element of a free home that i ran away for the sake of my oldest son one day an aircraft attacked us in aleppo and he hid in the closet instead of running outside he was that scared for. i don't want to go back there. to get a car but you're thirty with. the family of six now lives in an abandoned shop on the outskirts of guardian tep in southwest turkey they don't receive any financial support from the turkish government and before the e.u. funding the family had to borrow money from friends and neighbors. right you are. of course the debit card really helps us before we were always in debt. now we can pay our re