fillon and that she was not sectarian. spoke to gavin lee who is not a marine le pen event in paris. marine le pen has just arrived. this is extremely embarrassing one would have thought. gavin: but she has said, the speech was a carbon copy it of what france were fillon said a month ago. she said she copied it, but it was a nod to his supporters. she said a lot of the speech was nothing to do with what fillon had to say, but journalists would not have picked up on it if she had not have mentioned it. others here, part of macron's campaign said it is a counter strategy. you can see in the background, she is talking about why she should be president and vote on sunday. have been written by right-wing essayist. he has been a supporter of marine le pen? gavin: he wrote a book some time ago. francois fillon has some direct link to him and which is speech came out. he was talking about how france's place in the world is to be on top. it is absolutely word for word. but she is telling people is that was a deliberate reason to ge

it's true that we share with fillon voters a certain vision of the greatness of france.st: you can see marine le pen winking once again to fillon voters, trying to land on her feet, but it's a different story if you listen to the party that fillon represented in the election. they are a lot more upset about this wink. >> i think it is a stupid thing to do. it is sloppy behavior. it shows she is running out of ideas and imagination. it's not a reason if you need one to not vote for him or he will attend and to leave her no chance during sunday's vote. pam -- formerth pen and to leave her no chance during sunday's vote. host: that is all we have for today's campaign beat. you can watch that crucial debate live on "france 24." that starting at 9:00 p.m. paris time. check out our presidential platform comparison where we compare their platforms side-by-side and proposal by proposal. it is time now for a business update. i'm joined onset. starting out with some news from apple. guest: that's right. underch giant sold just 51 million iphones around the world in the last quarte

of course we took some lines used by francois fillon. we admit that. there you go. there were some things about france we wanted to use. quoting the former candidate is a surprising move from the far right party who previously thought to distance themselves from what they referred to as the establishment. with less than one week until the final run off of the presidential election, a could be seen as an attempt to appeal to supporters of the former candidate. laura: german chancellor angela merkel is in sochi for talks with russian president vladimir putin. on asay they want to focus unresolved conflict in ukraine and syria, areas of major disagreements for the two countries. merkel's it is angela first visit to russia in two years. it's a message designed to send a diplomatic signal. there differences in the conflict in ukraine and syria that vladimir putin has expressed a desire to normalize ties. there's an important role to be played to find a solution to global problems. the leaders say they agreed on the need for a full implementation of the minsk agreement, a

fillon was eliminated. who will they vote for now in round two?ny catholics feel stuck because for them, macron is a little too socially liberal. he is traditional -- he is in favor of a less traditional family model but that does not mean marine le pen is the solution trade if you look at how cap exploded in round one, you can see churchgoing catholics, so practicing catholics voted less than ongoing church catholics. 20 percent of nonpracticing catholics. the catholic church has not officially endorsed either candidate and certain parishes are taking it into their own hands to mobilize against the national front. this church in the heart of paris, the parish is endorsing emmanuel macron, even handing out a pamphlet warning against the national front. of christians, we are for openness. we are not racist. christ is for everyone. mustts of people say we fight the national front, but if we have to fight the national front, that means voting in inra on -- and macron -- macron. reporter: he has decided to mobilize his flock. >> it is not between choo

both she and fillon used it. at the top when it comes to world affairs. also talking about what she will do for ethnic minorities. for the african heritage. i've got to say, she has not been entirely popular. some people say, are you racist? she says, no, i'm not. she says she wants to talk about what she can offer as president. now, an astonishing story of survival. british surfer matthew bryce has been rescued after clinging to his board for more than 30 hours in the sea between scotland and ireland. he was eventually found in the irish sea, 13 miles off shore. the coastguard who saved him says matthew is very lucky. matthew has described the coastguard as a hero. chris buckler reports. after more than a day drifting in the water, matthew bryce was found by the coastguard, floating miles from land. he was still by the surfboard he left the argyll coast on sunday morning, but when he was finally rescued, on monday evening, he was halfway between northern ireland and scotland, and farfrom the beach near campbellt

francois fillon, had many problems.ery, very weak socialist party with francois hollande at the bottom in terms of polls. that was something for him. and he understood what the country needed. he was someone different, someone young, someone people were not scared of. being different and being reassuring for a lot of people. charlie: he ran a good campaign and a good debate. >> he ran a very efficient campaign. it is just the beginning for him, but it is impressive that 39. charlie: elections come, when? >> in june. charlie:? what does it say about france >> two things. -- charlie: what does it say about france? >> two things. in france,able right with --group together against le pen. they said we cannot advance the cause of a politician with whom we do not agree. they set it on the day of the first round. that is a huge thing. fillon is as distant from macron ideologically as marco rubio is from hillary clinton. but instead of saying remaining with my family on the right, he said, no. the republican values are more ide

i think there will be a lot of voters of fillon who will vote for marine le pen.phenomenon that the two major parties have been knocked out. effectively you have an independent candidate emerging from the centre. and, of course, a well—known right—wing candidate. i suspected to be closer than what people have been predicting. but we are into new politics these days. an independent could become president. and the youngest president ever? a situation, a country like america, the position of president of france is a hallowed position in the eyes of the french. for a man of that age to become president is extraordinary. it would be another thing to have legislative power behind him, we would not know that untiljune. it's an interesting point, when you look at trends globally, trump being the guy that is going to time to clean out the swamp, brexit being a vote against the old order, macron very much fits into that trend. he is not from the traditional old line parties. his ideology might be different, he is much more conservative mainstream than trump, much less disru

they speak french the man on the right was francois fillon, who was eliminated in the first round ofago, so now that speech a couple of weeks ago, so now marine le pen stands accused of plagiarism. she has not responded directly but her campaign manager has played down the issue, saying it was a nod and a wink and saying it was a nod and a wink and saying it was appreciated by francois fillon and his supporters, no doubt. this is up close and personal as it gets. you're watching marine le pen addressing an audience. we are in the bunker of a hotel and i am whispering because i don't want to be talking louder than marine le pen. she needs every single vote she can get. about an hour ago, she referred to the speech we just heard, and she said this was a deliberate nod to francois fillon, nearly two minutes of exactly the same words, because, she said, ultimately, journalist would not have paid any attention she had not done, so the world is talking about it and they are talking about her policies in fact, there is much more that she said that people will have ignored, but they picked u

ms le pen recited passages delivered two weeks earlier by francois fillon.e secretary, diane abbott, is denying her credibility is in question after repeatedly getting her sums wrong in relation to a key labour election policy. in a radio interview this morning, she said plans to put an extra 10,000 police officers on the streets would cost £300,000 rather than £300 million. she later said she had ‘misspoken‘ and did know herfigures. earlier, our home affairs correspondent, dominic casciani, was here with a reality check on labour's figures. a pretty bad day for diane abbott. she has had a real struggle with this, but the key claim she was making to have an attack on the tories was that we have lost 20,000 police officers since 2010. now, this is a key issue in the campaign, on the crime and justice. what has happened is this: in 2010, we got to an all—time high in police the bus, about 140,000 officers. in 2011, under the coalition, that fell away as budgets were cut, and as of about september of last year, the number was about 122,000, a little odd that ma

yesterday, supporters of francois fillon may have noticed something in the may day speech from marineech from marine le pen, notjust the same sentiments but using exactly the same words! put the two speeches side—by—side commuter need to speak french, it as badly as i do, you will see how remarkably similar they are our! —— they are. do you think we could soon have a quiz question, what does marine le pen have in common with melania trump? laughter that is it, it causes the similarities between the republican convention last year, that happened there. —— it calls for. this would be really embarrassing were it not for the fact that there was clearly smart thinking, in front nationale thinking, because it has been said, this was intentional, he owned up to it, what we are trying to do is show francois fillon long's supporters that we think the same. i suspect it did not start out that way! they changed it, but that is the intention, anyway. do you think there is strategy in there? in a sense, they want to do what happened in the us, the populist left, supporting bernie sanders, a lot of

these allegations against francois fillon, he would have been a favourite for centre—right and his expensesnd salaries are now under the microscope and that effectively led to the fact that he fell out of the race and did not make it through to the second round. i think it is fair to say when the scandal broke, the state job scandal, he would've been a shoo—in, for fillon. he had a formidable vehicle behind him help, he took over as sarkozy as head of the party and he was hugely popular. everybody was absolutely convinced that he was going to be the next president and all of a sudden, this scandal broke out which has to do with the effectively self enrichment and i think that is what made an awful lot of difference in the minds of french people who, let's be honest, i used to be corruption of the political class of france, either on the left or on class of france, either on the left or on the right, but the difference was, unlike others who also got criminal charges against them for all sorts of corruption with the party, it had to do with enriching the party and not themselves and i think

and of course francois fillon had this familyjobs and of course francois fillon had this family jobsad this familyjobs corruption scandal hanging over him. a lot of people we re very hanging over him. a lot of people were very bitty about what happened in the republican party. we will hear from in the republican party. we will hearfrom some of in the republican party. we will hear from some of them tonight. the political winds of fortune have been blowing all the way for emmanuel macron. what do you mean? he has been very lucky throughout. he has come right through the middle, largely because of the corruption investigation... but also because during both primaries this is the most left and the most left—wing and the most right—wing candidates that have been chosen, and that also left a big space for the centre. that is why once again this is probably the right guy at the right place at the right guy at the right place at the right moment. there was an alignment of planets, so to speak, that is unique, but exceptional circumstances sometimes give rise to exceptional people. and he pr

at the same time, she has also tried to appeal to supporters of the right wing, of fillon he was knockedu. she faces a difficult task in 20 motivates people from all areas of french politics. i asked her about this on saturday and she said she would appeal to the supporters of fillon and jean—luc melenchon. i think that is what worries emmanuel macron supporters. they are worried that people might read for how will stay at home and the race might narrow rather than the race might narrow rather than the polls suggest. they have both been talking about the future of the eu and raising the prospect of france, potentially, exiting the eu. what is the view of each of them on that? marine le pen has campaigned for yea rs that? marine le pen has campaigned for years as a prominent anti—eu figures suggesting that there should be an immediate referendum issue gets elected on france's membership of the european union. she has somewhat retracted her thoughts about membership of the euro in recent days saying it is not a priority. she really has positioned herself as a candidate who are sceptical of

he got about 20% of the vote, putting him on par with the center-right candidate fillon. so this was a surprise to french voters to see not just the french political party on the right but also the political party on the far left it so much support. it points out people are tired of establishment politics, and that is why we have the outcome in france where we don't have an establishment party that is being represented in today's election. emmanuel macron, we make practical him in the establishment box. he serves his own political movement called on our way, en marche in french, and that has only been around a year. and le pen has been around since 1972, and she is savvy as a political leader, political organizer, and this may macron is the outsider, so we have seen politics turn upside down in france. it is hard to say who represents the establishment anymore at all. steve: what about francois hollande? does he have any influence? alina polyakova: it doesn't seem like it anymore. up to the elections, hollande was known as the most unpopular french president in history, h

of politicians who might fit the criteria include the socialist minister of defense under franaois fillon -- france while hollande. another name that keeps coming up from the right was once a minister under nicholas sarkozy. that may be a handicap. then there are the centrists -- one of his early supporters is nearly a shoe in, possibly as the justice minister. as is a centrist member of the european parliament. she may be paid for european affairs. macron's team wants to prove they truly are centrists and a cabinet with politicians from diverse backgrounds is key. i want to get support from -- they want to get the support from voters on the left and the right index month's parliamentary elections. has ale: president macron meeting with members of the international olympic committee work early on a three-day visit to the french capital to decide what city will host the 2024 of the games. macron, who was inaugurated on sunday, has pledged his full support. the only rival to host the games is los angeles. the final vote will be held on december 14 in lima, peru. james andre is at the elysee

for example, the conservative presidential candidate francois fillon is accused of paying his wife andhildren for fake jobs, and he's under investigation over the misuse of public funds. hanane: this is legal fraud. can't he put any money aside on a salary of 8000 euros a month? we're hardly rich ourselves. i earn minimum wage. my mother doesn't work. but we manage to make ends meet, to help others, and to put money aside. reporter: hanane feels that she has been prevented from climbing the social ladder. and yet she really tried to -- she was good at school, went to university, studied to become a lawyer. hanane's now a social worker. she and her colleague go about the neighborhood, trying to keep order and sort out disagreements. she says that she didn't have the right contacts for a law career. hanane: some people won't give you a chance. it's a vicious circle. whether you have an education or not, you don't get work. i needed a good contact, but i didn't really know anyone. so i ended up cleaning houses, working in sales, even though i had a degree. reporter: hanane is an exception

fell would be fillon. -- that would be fillon. we had a socialist government for five years.leastlist party is in some way responsible for marine le pen? today young is that have 40% of the people who are not against europe. you have to think left-wing party, partisan left-wing party or traditional right-wing party. we need to think exactly what does that mean? they are very anxious. presentred about the and anxious about the future. that is something we need to think about this. -- weactly someone who need to analyze what does it mean when you have 40% of people in france who are very specific about europe? the responsibility of the socialist party, of course we have responsibility. >> president hollande was so unpopular he decided not to run again. there is responsibility in that. >> francois hollande was at 70%. >> but he was down to 4% popularity rating. so -- thehen he decided to run election five years ago, he was close to 30%. we didn't have time to defend how balance -- the thing is that internal issues we have in the socialist party, honestly it was of two different

francois fillon of divisions now.ke today you see the divisions based on the different protest. i was at herjohn marine le pen rally this morning. there were people there signing up to his particular view of france and those here have a very different view, they were all have to pick a side at they were all have to pick a side at the elections on sunday. the danger for emmanuel macron is he doesn't necessarily get all of the people who marched here. everyone here is against marine le pen but that the does not mean they are in favour of emmanuel macron. i asked our correspondent hugh schofield how serious the may day clashes were. they were, in the scheme of things, not that bad. you get used to this confrontation at the end of rallies here. anarchist types on the fringes engaging in stonethrowing and tear gas is classic and will be forgotten very wea kly. gas is classic and will be forgotten very weakly. what are we seeing the two candidates doing in terms of scooping up the votes of all people who didn't vote for the

it is fair to say when the scandal broke, the state job scandal, he would've been a shoo—in, for fillonlf enrichment and i think that is what made an awful lot of difference in the minds of french

francois fillon was more radical and on the piece of paper it is easy to do it.hat we have to another one — it will take years, but we are convinced it is good for france. i wonder why you are so understanding about the limitations now, when three years ago, in october 2014, you wrote in the financial times very dismissively of prime minister valls proposals of exactly the same sort? paris, you wrote, "plans to shave £50 billion off public spending, equivalent to 4% of the total, but it's not in any hurry. making the savings would take three years. if there is something exceptional in france, it's the attitude of denial in which all the political parties have la psed." an attitude of denial, i would suggest, of which emmanuel macron, a former minister in president hollande‘s government, is as guilty as the guilty men and women who you have condemned in the old system? wow — is it a court or a broadcast? you are judging another country with very severe words... i'm judging you on your own words, ms goulard. that's what you wrote three years ago, and suddenly you t

francois fillon won the vote here, but with him out of the picture it could go either way.ssy is there. we spoke with him earlier. here we are in the north—west of france in an area famous for it champagne but also for textile industry. famous brands like lacoste come from here. this is a conservative stronghold but marine le pen has come first in the first round in the whole of the region, with the regional score of 30.3%, which gives you a bit of an idea what may happen on sunday. she clearly has a strong lead in this region. how are people bad feeling about the debate on the run—off, the second—round of the election? —— how are people there feeling? we were at the local market and people were saying they have not decided what to votes on sunday, they will be waiting for the debate to decide. depending on the performance of either candidate. it is interesting to note that 15 years ago whenjohn marine le pen ——john marine le pen was in the final againstjacques chirac, chirac refused to debate with him because he said there is no debate to have with the far right. it is the

i'm sure it was appreciated, including by all of mr fillon's supporters."ded. this is as up close and personal as it gets. marine le pen is addressing the african civil society in paris. iam the african civil society in paris. i am whispering because i am probably talking louder than marine le pen. the situation is, she needs every single vote every single she le pen. the situation is, she needs every single she can get. she just referred to her speech, she said, ultimately, doing this, the world would not have paid attention. she said, the world is talking about it and about her policies. she said, there is a lot more that people would have ignored but they have now picked up on it. ultimately, it has come down to the fact that the man who has britain part of that speech, it is from a book that was put out several months ago. it is a book by a right—wing author. they talked about how the french language is used all over the world and how france needs to be at the top when it comes to world affairs. also talking about what she will do for ethnic minorities.

they probably would have preferred francois fillon, but they probably wouldn't have wanted to work withmeant serious trouble here in france. emmanuel macron is a banker so he knows the world of finance, that is perhaps a positive thing. but he wants a stronger europe, a more reformed europe, and an integrated europe. he doesn't want to let brighton threat that. macron' economic credentials —— he doesn't want to let brexit sat on that. his economic credentials was a big part of his campaign, one in four adults don't have up for full—time job, and there was high unemployment. the question is what can he actually do about france's high unemployment rate — one in four young adults in this country don't have a full time jobs. i've been speaking to pierre gattaz, head of the employers' association medef. people will trust, business people like me. we trust the fact that this guy is moving france into the right direction. the business community might trust, will the people? so many times before, we have seen presidents take on difficult issues like pensions and labour were formed, and then the

looking at the french presidential election earlier this year, it seemed alain juppe was a shoe-in, fillonas a shoe-in. but i don't see corbyn pulling that kind of trick this time around. >> seems like a done deal then if the polls are correct. they weren't for brexit, but they are more spot on these days. jonathan sticks around. >>> coming up on the show, where's the beef? china and the u.s. strike a deal that will open beef and chicken trading between the superpowers. we'll bring you the latest after the break. >>> the united states and china have reached an agreement to expand trade between the two countries aiming to increase access for financial firms and allow trade between chicken and beef. the united states says it will allow china's cooked poultry to be imported to the u.s., and u.s. beef can be exported to china. also u.s.-owned card payment services can begin operating in china. want to remind you of some of the comments from mr. mnuchin in bari, italy this morning. he said that he's quite excited about the trump administration's trade policy, and he says he is happy with the u.

she has to win over the fillon voters who are catholic, conservative.t the same time she has to win over the hard left melenchon supporters who backed him. ant anti-eu. she had been struggling to win over conservative central france and hard front urban left. 40% of the vote, for a major presidential candidate coming from the front national, that's a significant victory for her. >> how important is this french tv debate for le pen? is this her last chance to catapult her base? >> i think it's more important for macron. macron's support is wide but thin. if he faulters here at all, which we saw in the first few days of his second round campaigning, it is his to lose right now. he has to turn out his base. i don't think we'll see le pen win much more votes than she has, but macron can lose his base. much more at stake tonight for macron than le pen. >> quick question on italy. the euro has rallied off the back of this result. are people too quick to extrapolate that this means the eurozone's problems are over and an election to come in the next 12 months

definitely we have a lot of people from former fillon's electorate divided going for macron and goinger. you have the extreme left. it's very divided going for her and going for macron. at the same time, all the experts agree to say that the more people abstain, the more people have a blank vote, the more it will help her to have a surprise. still, honestly i doubt it. you never know. in france, it's like in great britton, you have to expect the unexpected. >> thank you very much for joining us. >> thanks. >> look forward to speaking to you after the result. >> want to hit top trending stories today. this is good. canadian prime minister justin trudeau went all out yesterday to celebrate may 4th, which is often dubbed "star wars" day. trudeau sporting "star wars" socks in a meeting with the ireland prime minister. pictures were posted on his instagram page. >> kudos, i like that very much. >> harry potter and the cursed child is heading to the great white way. the two-part stage play, which earned rave reviews in london, is slated to open on broadway earlier next year. the cast and ti

fillon was much more thatcher-esque. , particularlyn because he has to go coalition building and partying to get more of a local base and a party machine. he is pretty centrist. be consensuso building where he can and very european. it may be french politics is more like german politics for a while, generally. wants the campaign -- he the tax rate down to 25%. 120,000 jobs.t he wants to make it easier to hire workers. ,t is not exactly a raging radical agenda. he wants to spend 50 billion euros. is france fully priced? we were looking at the performance of the equity markets. the best performance on record between round one and two. funnel all of this into thursday's central-bank beating. do we get -- central-bank meeting. >> one more thing to factor in which is foreign money, more european money coming back. the ecb's policy, two years and rates,as been negative bond buying, crowding investors out of your. they have driven valuations of european bonds almost more than german bunds. and in so doing, they have helped the market. they have crowded investors out. there is a chance that wh

system, a former banker, a former economy minister in the deeply unpopular government of francois fillonnge anything in the minds of the people? they will find out because both of them are on the election campaign, and james reynolds has been to the north with marine le pen. marine le pen, here in brittany, finds herself targeted by both accusations and protesters' eggs. the eggs may be easier to dodge. critics accuse her of failing to discuss her programme during last night's debate, a charge she denies. translation: the french people know my programme very well, that is because it is very clear and i have been presenting it to them for several years. i wanted to lift the veil, and i believe i did that successfully, on who mr macron is. here, in amiens, her message goes down well. 76—year—old claude tells me life needs to change. translation: there is no work any more, there is no money any more, i have grandchildren who don't have jobs, i have a kid who doesn't have a job, we're in a real mess and it has to stop. this is post—industrial france, the front national‘s heartland. this is m

exact copy of one given just days before by her former rival, the mainstream republican, francois fillona solid lead in the polls, but he still needs to convince many of those on both the left and the right that his candidate is worried and worry about attacks to a woman nearly 25 years his senior. >> translator: i felt a huge fear in this country about the future of families, and am i an enemy of families because mine is different? i'm not ashamed of it. >> on wednesday the two met face-to-face for one last time ahead of sunday's vote, only two weeks after the latest terror attack and security was among their battle grounds. >> we have to eradicate the ideology of islamism. that is something which you wouldn't do because you're subjected to them. we have to strengthen the resources of the police and we to do this before the attacks had committed. >> reporter: on sunday the french will vote and that will have consequences beyond the country's own borders. i think the reason the american presidents current and form remember taking such an interest is in a sense, this is a continuation of

their favorite was francois fillon, who was defeated in the first round of the presidential election.n attempt macron andnces with the reality is the differences between france and russia on key issues, syria and ukraine, that this was always going to be difficult. matt: why did putin go? it was a late scheduled meeting, he didn't have to show up, right? henry: it was an opportunity for try and establish some personal chemistry. i think that is the way he looked at it. you mentioned they exchanged barbs at the conference, that is true. if you look at putin's regular behavior, he was quite subdued. he kept a lid on himself and avoided open confrontation. he was trying his best to establish some relationship with macron. matt: thanks, politics and international news reporter henry meyer out of moscow. principal russia analyst, thank you for your time this morning. why do think an important -- a relationship with macron is important to vladimir putin? hasraditionally, france been -- not an ally in europe -- but the most sympathetic listener in europe for russia traditionally. this has go

the majority where, and this gets from about 240, macron, on top, afterwards 214 for le pen. 57 for fillone republicans, conservatives? that also depends on the number of seats. the socialists have been hammered out of the majority, it is unlikely that they will get any sort of sustainable majority. any sort of sustainable majority. any sort of sustainable number of seats. and thatis sustainable number of seats. and that is also why one of the first rumours about macron wars that he was actually trying to reach out to people on the right. it is going to be interesting. thank you so much for joining be interesting. thank you so much forjoining us. the headlines on bbc news: the transition of power is underway in france as the newly elected president emmanuel macron prepares to take office. theresa may says the conservatives won‘t abandon their promise to reduce annual net migration to the ‘tens of thousands‘, despite the party repeatedly missing the target. labour targets children‘s health, saying it‘ll ban alljunk food tv ads before the 9pm watershed, if it wins the election. an update on

of value us -- of people's savings, that has been an impediment of winning over voters of francois fillonre too many things on immigration and things like that, but voters tend to be -- have savings and just don't want to risk any adventures with a new currency. it is a major impediment for her she has soften her views, but doesn't want to give it up completely soaked is in a rather confused thing right now. two currencies, a frankfurt daily spending, a common euro used for big transactions. no one really understands what she is on about. guy: if it is the money in your wallet, you take that seriously. the prime minister being so important, are people talking about this? give us a sense of the importance of it. much the is not so prime minister he picks, it is whether he can get a majority in parliament. two times for president's is not enough, they have to go back in june to elect the parliament. without a parliament shall -- parliamentary majority, the president doesn't have powers. neither have established parties in parliament. macron's party was just created a year ago. it is unlikel

it is more to get people who voted for fillon and melenchon to stay away.e can make macron seem such an unappetizing choice for them that they do not vote for him. isron on the other hand, he going to hammer away more on the specifics. euroas waffled about the and that is a big issue for french people. the french do not want to leave the euro. she has waffled about this. is impossible to understand what she wants to do about the euro right now. really hit hero on the specifics of the euro. expect her to try to go above specifics and talk about emotions, defending france, how about to the people, that's what of stuff. guy: as ever, thank you very much indeed. the rest of the paris team providing a fantastic coverage in advance of the second round. this is the one week risk reversals on euro-dollar. the markets have been swirling around. if this was the move coming into the french election. first round, and then we get the bounce coming out of it. from a market point of view, it of theing back in some risk. let us get the view now with derek halpenny, head of

right, le pen's, a centre—right free—market conservative bloc, phil on's, although he has gone —— fillone do that? he is well placed in the centre. there are so far a lot of good feeling towards him on ce ntre—left good feeling towards him on centre—left and centre—right but thatis centre—left and centre—right but that is evaporating now. drawing up their battle lines for the legislative elections. they will be key. they are going to tell us whether macron can indeed implement his policy, or whether he will be a reduce the president who really has more of a kind of moderator that will emerge from the national assembly. let's talk about his pro—eu credentials. what will that mean for the process of brexit here in the uk? macron's victory is very good news for the european union and for the euro. with macron as president, we will certainly see a strengthening of the franco german axis at the heart of the eu. that strengthening already started when chancellor merkel took the unusual step of meeting macron during the residential campaign. in terms of brexit, macron is clear that brexit is ve

juppeo know that alain who ran against francois fillon buthe republican primary lost, edouard philippe of alain juppe. he was a very popular figure among the french people. jonathan: last week we heard from manuel valls looking to get behind macron's movement and party. are we seeing more defections from the traditional parties ahead of the parliamentary elections? nominatedl macron has 450 of the nearly 600 candidates in the legislative election. spacerying to leave some to have some agreement to possibly welcome some socialists, some republicans in the legislative majority. jonathan: thank you very much. joining us now is macro risk advisor ceo. buy europe or fade europe? >> is still -- it is still by uy europe. it has gotten past one of these big hurdles with respect to macron winning. there are still plenty of risks in the market. draghi the policy that has implemented is actually starting to bear fruit. inflationing better data and money is actually coming into the equity market. jonathan: let's talk about how crowded it is. berenson has a front page that suggests -- the front pag

the relief trade that started in february when fillon imploded. i think that trade is starting to unravel. the reality is that 12% of french voters spoiled their ballot paper. nearly 5 million people went to the polls and refuse to vote for either of the candidates and a second round. i think the parliamentary elections coming next month, that is the real test for reform anin france. the president is a symbolic figure, as we have seen in america. can macron carry parliament? he is trying very hard to effectively take over the existing parties with his choice of prime minister, a moderate, a republican, the support of alan juppe. the intention is very clear there, but the reality is, if you include the socialist vote, nearly 30% of first-round voters -- that is effectively his plan, which means 70% did not back his plan. i fear that when it comes to the parliamentary elections, we will get a fractious set -- francine: which means france is not reformable? >> have you govern a country with 256 different cheeses? nobody else has been able to reform f

it could be up to one third of his electorate who will of sane -- who will abstain. , we knowcois fillonorate could vote for marine le pen. tonight, this debate will be very decisive in order for the two candidates to convince the undecided. francine: how much do we know about how they are preparing for thatebate and it is clear le pen -- she has been doing this for longer than macron has. >> she is a professional in this kind of debate. macron started participating in those kinds of debates a couple of months ago. so of course, she will be aggressive with him. but the danger formerly known pen -- but the danger for marine le pen is that she needs to show she could govern and be elected president and she cannot sound hysterical or too emotional. giveor macron, he has to punchlines. he needs to reconnect with ordinary people, ordinary voters. amount of is a small for others.voted are either of these candidates will be able to speak tonight to the disconnected left? >> i know you like history. one debate actually changed the outcome of the presidential election in the past. it was 1974, th

>> she is trying to lure fillon's voters.rd of those who voted for the republican could go for marine le pen in a runoff. she would also need a big split who voted inoters the first round for the communist backed candidate, but last night, she sounded too , according to racist to the camp, and two thirds of those who voted said emmanuel macron was the most convincing. could seeing abstentions reach more than 20% to 25%, but would still need 5,000,002 six main votes to win this election. , theren: final question are two rounds to this election. the first round turnout was solid. in the second round historically what does that look like and how might that play into her favor? we are seeing a turnout of around 80%, 80% participation in presidential elections. higher, sayns are around 50%, there is a small chance that marine le pen could be elected, but according to bloomberg intelligence to a not only would she need a high abstention, but also need to voted forof those who the communist backed candidate in the first round. jonat

managerfor the we can talk to the regional campaign manager for the republican candidate francois fillonplain why? i will never vote for emmanuel macron or marine le pen, i can not find the social values of emmanuel macron and the economical programme and nationalist marine le pen. when people say they will not vote for either candidate, is that the way of playing in the favour of the far right candidate, marine le pen?|j think it is in the favour of nobody because i elect nobody. if you look at the equation, when the abstention goes up, her votes go up. the solution to make the nationalist‘s vote to go down is somewhere else. young people voted massively for marine le pen. they need to give back the desire of life and trust in themselves to the young people. back the desire of life and trust in themselves to the young peoplem 2002, her father was the themselves to the young peoplem 2002, herfather was the run—off with jacques chirac. entire left united behind jacques chirac to say no to the front nationale. why is it not happening this year? marine le pen seems to be stronger than her f

votes, not necessarily from the thoseght, but also from who are working for -- you are voting for fillonunoff. tom: let's turn to pharmaceutical blue-chip. pfizer, a 2% revenue miss. to a positively affirm of 2017, the revenue is flights. there is noise on acquisitions. there you see the revenue. tv , let me bring it up. you can see live tv. forget about that. you can come over here and come down and you can find any of these charts, see the previous segment. this is the bernanke chart. you can see that segment and you can steal that chart from the team at bloomberg surveillance. it does have elements of picasso and it, but i think it has got nt field, as well. -- feel as well. ♪ bloombergthis is surveillance. taylor: that's get to the business flash. the ceo of capital management has appeared to learn a lesson. >> we made a mistake in the past and knocking on the board we cannot see what was going on. that was the big mistake. >> does it mean you will stay way from pharmaceutical companies? >> probably. taylor: ackman says they are working on two large investments. he declined to id

alain the right-wing candidate who ran in the republican primaries november and lost against francois fillon would be a strong signal from emmanuel macron towards the center-right. francine: in terms of priorities, i know he has to sell assets, he wants to reform france, but how much will he be distracted by general elections coming up in june? caroline: it all depends on this new coveted. this new cabinet, this new prime minister, will lead the battle for emmanuel macron to get his majority in parliament in june. if he does name this center-right prime minister, the idea in france is that he could form some kind of coalition with the center-right in order to push through reform and to get a majority. if he doesn't manage to get a clear majority from his own candidate, from his new party, which is of course just one year old, so still has a lot of work to do in order to get this majority. francine: caroline connan, thank you so much. still with us, nick gartside. what does that actually mean? politics in germany and france, what does it mean for spreads? nick: it is key. you've got stable po

fillon very similar. >> with your suggested globalization of the system, what would be the retirement age reppo >> first of all, mrs. le pen proposes people should be allowed to retire at 60. this will cost us 30 million. it cannot be funded. earlyas done in the 1980's at a time when life expectancy was 10 years lower than it is today, so ultimately, there is no magic. i believe in the pay-as-you-go proposingreby actively working pay, so either you have to increase contributions or you have to reduce pensions. you cannot allow everybody to .etire at 60 at 60, it's very generous, you can retire, but you do not explain how you finance all that, or, of course, you take the cut int unemployment. you do not explain how you will cut unemployment. madame le pen's retirement plan is it an increase in pensions or a cut in retirement. .o do not lie i am not proposing a single system. we have 37 different basic pension schemes in this country. people do not accept this inequality. a retailer, a farmer, a craftsman no longer accept to have -- to see other people with schemes thatoners are more fa