francine lacqua in frankfurt with a very important set of interviews. kfurt? francine: beautiful and sunny frankfurt, tom. we are a couple of steps away from the new european central bank holding were i spoke extensively to benoit coeure. the market wants to know when they will start tapering. very good. we will have a conversation for you. i am a huge fan of a monday briefing with first word news with taylor riggs. taylor: and the u.k., the foreign minister is saying for those to get a grip, calling for calm after last week's disastrous election. angryets today with lawmakers who blames her for losing the majority in parliament. it is a showdown that could conclude her time in power. in france, voters have given a resounding victory to emmanuel macron's-year-old party. it -- if the result hold up, macron's back hours are expected to when and then 55 of the 570 seats in the lower house of parliament will put mccrone and a strong position to enact his pro-business agenda. in the u.s., president trump may postpone a plan after backlash over his remarks abo

i am tom keene and with me, francine lacqua. the prime minister is in brussels. inister? francine: she will come home as prime minister because the e.u. does not really decide her fate although maybe her brexit negotiation style will weaken her at home. she is safer in brussels than she is safe in the house of commons. taylor: in brussels today there could be the first big battle of brexit negotiations. summit,opean union theresa may will outline how the u.k. plans to treat e.u. citizens after the breakup -- in brussels, police have detained four people in raids linked to bombings at the central trade station. authorities have released few other details. on tuesday, a man blew up a device that failed to fully explode and was shot dead by officers. on capitol hill, senate republican leaders release their plan to replace obamacare including a longer transition a decade would cut hundreds of billions of dollars from medicaid. the congressional budget office have not -- has not reviewed the bill, but says the measure would cost 23 million more americans to be without

i am tom keene and in london is francine lacqua. involved with it. you have been near the tower. it has not stopped. it is so sad. francine: it is sad. anger is growing. know so far that 17 people have been confirmed dead but it could rise to more than 100. we understand from firefighters and people on the ground that you could be able not to recognize some of the people who died in the blast. this morning, more more news of does green felt how were -- greenfell tower's materials were not allowed in the u.s. here is taylor riggs. taylor: starting with russia as they may have killed a leader of the islamic state. they said are verifying that al-baghdadi was killed late last month in an airstrike and the de facto capital of syria. other commanders are said to have died. if it is true, killing al-baghdadi would be a military success for russia. the pentagon is taking steps to break the stale cake -- stalemate in afghanistan. hastop american commander said he does not have enough forces to help afghan troops stop the taliban. the special

i'm francine lacqua in london. first, to your markets. be as markets are giving us a lot, a lot of news, just in themselves. there is a lot overall. oil is still sliding. global stocks are retreating and you can see that clearly in europe with the stoxx 600 down 0.7%. the yen strengthening. we see a risk off mode with crude oil tumbling into a risk off mood. that will persist. we also want to look at the shanghai equities, and the chinese domestic stocks. i will show you that shortly and then the pound, of course, it is the clean's speech -- it is the queen's speech today. let's construed to the bloomberg first word news. reporter: saudi arabia's deputy crown prince mohammed bin salman al saud has replaced his son as heir to the throne. the shocking announcement son'sidates the soking's power. algian shoulders have shot suspected assailant from brussels. had allin station wit tarins haulted. the interior affairs ministry confirms that military staff had intervened to "neutralize an individual." chinese stocks will be added to the msci ind

bank of england governor mark carney met with francine lacqua.y discussed public in private sector work on climate change. mr. carney: i think the important thing is a voluntary private sector right now. them to address issues around climate change. we focused on enclosure and asked the private sector to decide how to address it, so mike bloomberg, the head of panel, 30 are people from the private sector him up with recommendations, and 100 plus from india to u.k., europe, and the u.s. and beyond have signed up to control financial assets of more than 20 billion. saying this is the right step to include so the market can function. so the g-20 started this protest, the private sector has taking the ball and run with it, and created some good products, and demonstrated, as i say, 100 plus of the bill posey leading companies adopting this. but -- : mr. carney: the g-20 leaders will be made aware of the progress made and the momentum behind it. as a member of the g-20, i will be there, but as chair of the ssc, i complement the effort of both mike blo

with me is francine lacqua. tomorrow, we cannot talk about the election, can we? even whisper about it, but we can today. we look at the analysis by the big banks and it looks like the markets are encumbered. tom: what do the candidates do today? do they go out for one final thing? francine: i think they have five or six. they are zigzagging. yesterday, we saw theresa may charging somebody from her cabinet. first, she said johnson, go to the heartland of labour. we will try to take stock is working. tom: they woo voters. here is taylor riggs. taylor: starting anti-ron, and assault against some best -- starting in tight run them, -- 2 ofhran, assaults against the best landmarks. a security officer was killed and 12 others injured. government beatty reports an explosion was heard. in the u.k., security dominates with one day to go before the election. prime minister theresa may said she ripped up the human rights law was to make it easier to the poor foreign terror suspects. wants moreyn once -- money in policing. the top electoral report is wrapped up proceedings th

i'm francine lacqua in london. ple's chief executive says the company has helped u.k. officials investigate terrorist attacks. tim cook's exclusive interview with bloomberg comes as technology companies face mounting pressures. emily chang started by asking him if apple's new operating system helps strengthen user security. tim: these terrorist attacks first of all, our heart goes out to everyone affected by them. they are horrendous and the u.k ., for us, we have been in the u.k. pretty much the whole length of time for our company. and it feels like they are our neighbor. we have thousands of employees there. our heart goes out. what do we do, helping with this? we have done, one thing since the beginning of the app stores, app store.the we don't want hate speech out there. we don't want these recruiting things on there. we have tried to be very careful since the beginning, not having that stuff on there. i am not saying we will never make a mistake, but actually, i don't know of a case where something has gotten

executive board member benoit coeure with francine lacqua. more breaking news, vonnie.e: attorney general jeff sessions will testify in public before the senate intelligence committee tomorrow. in a statement, the committee says it will take place at tomorrow. said that he wants americans to hear the truth directly from him in a doj statement. general,ions, attorney will testify in an open hearing tomorrow at 2:30 p.m. eastern. this is bloomberg. ♪ ♪ mark: time for the bloomberg business flash. a look at some of the biggest this is stories in the news. there will be a new chief executive for general election -- general electric. jeffrey immelt stepping down. he drastically reshaped one of the world's biggest manufacturers. he will be replaced by john flannery, who now runs the health care division. ge has in under pressure from trian fund management. assets in selling off monsanto. according to people familiar two the matter, the companies expressed interest in acquiring the bayer unit. is a matter close of minutes away. stocks falling. ♪ ♪ live from london and new york

i'm francine lacqua. , it is finally thursday. the ecb, we have the comey testimony. y been remiss in not focusing on the ecb. it is a mystery of inflation, francine. it will be fascinating to see what president draghi says about inflation. it will be fascinating how he targets the markets without saying too much. let's get straight to the bloomberg first word news. taylor: president trump's attempts to pressure james comey are being called wrong end zone, but probably not illegal. don'tay his interactions constitute obstruction of justice. his opening statement was released yesterday. you can watch his testimony on bloomberg tv, that begins at 9:40 a.m. eastern. u.k.'sis underway in the general election in two years. tune in for bloomberg tv's one-hour special today. we will have instant analysis of the market as exit polls are published. it is another provocation by north korea and kim jong un. according to south korea's military, the short range missiles were probably cruise missiles designed to attack ships. 's finances could currentby its relationship with the sau

. ♪ francine: you are watching bloomberg surveillance, i am francine lacqua in london.ere is mark barton. mark: this is the stoxx 600 with all its industry groups. a busy day for central banks. draghi, carney in just over an hour, janet yellen in london. the s&p managing to eke out a small gain yesterday, .6% below the record set on june 19. there is an uneasiness of the lack of volatility across asset classes. this is the sentiment index from citigroup, it captures stories containing the words bullish and bearish, signaling pessimism is decreasing. the green represents bullishness and the red represents bearishness. carney speaks in just over an hour. what a difference a year makes. last year just after brexit carney offered unlimited liquidity, flooding the financial system in the post brexit vote unease. a year later with consumer lending rising, an annual 10% pace, fastest since 2005, carney considering just pulling back on the easing of liquidity, maybe asking banks today to raise the level of capital they employ. time.t over an hour's we heard from draghi today an

i'm francine lacqua. tom keene is in new york.for peter hooper. they are talking about central banks. this person asks are central wholebound to manage the yield curve going forward in order to maintain their credibility and capacity to react to any shock sometime later in the future? certainly with their action in balance sheets they do have some control over the yield curve both long and and short end. not total control by any means. if inflation begins to take off things could get away from them a little bit. i think you are for the time being seeing central banks work out the yield curve and the slow process of normalization of -- of balance sheet is driven in part by their wish not to have a major effect for the time being at the long end. a real mystery to it. it's original territory. in the background is the fed funds target rate. recently we adjusted for inflation and the shocking 10 year moving average of the real fed funds rate has come down and down and the conundrum, five to seven years ago is this movement to negative

i'm francine lacqua in london.risten dior's -- christian dior's ceo says he is optimistic on the outlook for the european economy, but in an exclusive interview, sidney toledano told bloomberg that his great concern for the continent is terrorism. >> the french market is important. a new president and i think this will be very positive for the economy in france. reformsill start some positiveng some effects on the working rules. i am positive about that. we will see how they are going to do the new agreement in the u.k. majorly speaking, there is more optimism. the only concern we have, the main concern we have in europe is the terrorist problem, which affects security of the nation and the tourists. francine: that of course is sidney toledano, the ceo of christian dior. still with us are nandini ramakrishnan and charles lichfield. i want to bring it over to my bloomberg terminal and this is a very simple chart, tracking the share price for merlin entertainment. merlin is the owner of madame tussaud's. they have be

and francine lacqua bruised.ormer executives are charged with conspiracy to commit fraud. this is "bloomberg surveillance ." i'm francine lacqua in london with tom keene in new york. we have a lot of market moves. i know you are looking at the dollar and i am looking at the pound. tom: it is extraordinary. handel. the 1.26 we will have an important chart on that. francine: let's sister to the bloomberg first word news. reporter: prosecutors in the u.k. have charged barclays and four former executives with conspiracy to commit fraud. the case involves millions in fees paid to investors in qatar during the financial crisis. among those charged, john varley, roger jenkins, ex-deputy head of investment banking richard boath, and thomas kalaris. the market does not seem too concerned. shares are little unchanged. president trump is blaming north korea's brutal regime of the death of an american college student. died after being evacuated from north korea last week. three other americans are still jailed in north korea

benoit couere spoke exclusively with francine lacqua. are still not seeing inflation where we would like it to be. we are still not seeing the criteria that we set for inflation to be sustainable being met francine:. . francine: how much of a nightmare is stronger qb on gdp? benoit: it is unqualified good news. it is why we changed our communication to adapt to the changing reality. it also shows that monetary policy measures have been working. all the jobs created in the eurozone over the last three or four years or so, a lot of them and it's created working very well. we have inflation mandate. ,hen it comes to the next steps we will have to focus on inflation. francine: why was tapering not discussed last week? benoit: it was not discussed at all. we discussed a lot of the economic situation and discussed the prospect of core inflation. there was a sense of progress when it comes to core inflation that despite inflation being pressed downwards, if you look carefully at the start forecast coming see inflation is less monetary on our po

i'm francine lacqua in london. we have a lot of news to go through and we are looking at the 10 year treasury yield, of course, the markets, and the implications of a divided u.k., brexit talks, and the macron win. first, let's quickly get onto your data. it is one thing that markets are looking at to see whether there are any tensions or not. global equities are rising and that is filtering through to europe. we saw stocks in hong kong gaining, as technology stocks are beginning after their biggest weekly selloff last week. the yen is falling. oil is down, and we see little bit of pressure on gold. more on that, but first the bloomberg first word news. nejra: theresa may is to chair an emergency meeting of the country's security response team this morning, as police are investigating a potential terrorist attack after a van plowed into pedestrians outside i a north london mosque. at least one person died and eight people were injured when a van was driven into finsbury park. a forest fire triggered by thunderstorm

i'm francine lacqua here in london. there's a lot of news today and that has loads of implications for all the data across the board. let's get straight to it. global stocks are up. the nikkei 225 stock average topped 20,000 points for the 2015.time since this is mainly as private american hiring data bolstered confidence in the economy. we have to wait for that jobs data today coming through. this is what we're seeing for pound, weakening a touch. look out for pound. we are just seven days until that election, june 8. yen, i'm seeing a little movement. 111.56. crude oil, we will be speaking to the opec secretary-general shortly. let's get straight to the bloomberg first word news. nejra: we start in the u.s. the trump administration has asked the u.s. supreme court to reinstate its travel ban. the request puts the trump initiative he for america's highest court, bringing the nine justices into a national drama over claims the president is abusing his authority. at least 37 people have died at amon know a casino after a

i'm francine lacqua in london.

francine lacqua. you can watch the show, all of our shows, what we are putting out on tv . you can use the video stream and it is amazing. you also get is the functionality that goes with it. you can break out the charts come a you can see the data that we are talking about, you can talk about the programming, what is coming up, what is the breaking headlines, what's functionality we are using, what charts we're talking about, and you can use these on your bloomberg screens and you can it involved, the little button hidden down here. you can get in touch with the team. interactive television. the i.b. function available by that button down there. fully and confidence. what will be -- we be talking about next? considering cuts to the $34 billion enter -- infrastructure plan. we will cross to paris next to get an update to talk about what it means for the french economy and the euro. that is next. this is bloomberg. ♪ matt: welcome back to the european open. 15 minutes until we see the start of cash trade across the you -- u.k. and the continent. let's get the bloomberg busin

this is bloomberg "surveillance ," i am francine lacqua in london.uite a night, quite an unexpected night. there is a lot of things that can happen. we need to look at markets but also a couple of coalitions. this is the data, dollar rising, oil climbing. it is clear the u.k. vote is sinking the pound. couple of things when you look at what market expectation is and there may be a red herring in people think, brexit will be softer because of this vote and maybe we will not get a brexit. when you speak to market participants, they think it is extremely unlikely. much to talk about and i am looking in northern ireland and scotland as being at the margin of great political interest. screen, weaker euro and oil having a tough go of it this week. the second screen, sterling is the story. we saw that abrupt move last evening and it sustains 1.2720. i am looking also at sterling-swissie as the british safe haven metric. quite through to record swiss strength but getting there. that, well like done. the strategy backfires. theresa may says she will not resig

at our world headquarters in london, francine lacqua. the greeted at heathrow? francine: it depends on who shows up your the new nationals, they will ask what we are expecting more on the proposal. that is coming on monday. if you are brexiteer, you're tonking, do you really want go with soft? i do not think she will be greeted with open arms. tom: right now, your first word news. taylor: saudi arabia and its 13 demandsng qatar on a three-week diplomatic standoff. must disband the al jazeera news network, cut diplomatic ties with iran. bank over a central key issue in brexit talks. the ecb wants the authority to supervise the clearing of euro-denominated financial instruments. london dominates much of the euro-clearing business, the brexit could change that. a roadblock to senate republicans passing their long-awaited plan to repeal obamacare. 4 republicans are against the proposal. they say that they plan to negotiate. the senate plan largely resembles a house version at has big cuts to medicaid and tax cuts for the wealthy. billion have

with francine lacqua in london is mohamed el-erian. dr.n has had a stored career in investment management and thinking about the greater themes of politics and economics, he joins us this morning. if you were to write for bloomberg this morning on the politics of washington, what angle would you take within your unknowns?e unknown what are the unknown unknowns of president trump? >> i would note we have had no decisive development on the russian probe. as such, they will remain a distraction. and the unknown is whether the technical work that is going on on tax reform and if a structure will ever make it to congress in a very constructive manner. i think that's an unknown because the longer these distractions continue, the harder it is for congress to move on the government. tom: one thing you want to do is get to a "t" decision. generalon seems -- the history with politics, "t" decisions are difficult things. what is a key "t" decision for the white house? >> to get the legislation on the hill and get a national discussion going on the ec

reporter: the siemens ceo spoke exclusively to francine lacqua.ou can watch the entire interview next month on bloomberg television, and at bloomberg.com. that is your bloomberg business flash. manus: there are potentially three republican senators that said they would vote to block the current version of the party 's health care bill, endangering mitch mcconnell's plans to repeal obamacare. bill estimate found the would leave an additional 22 million americans without health insurance for a decade. in other news out of the u.s., the supreme court cleared part of donald trump's travel ban, suspending entry into the u.s. by people from six muslim majority nations were over 90 days. it takes effect in 72 hours. james bevan is still with the "daybreak" team. two pieces of political theater, one of which is the travel ban. the second and more important for markets, is the potential that they repeal of obamacare could falter. million americans could be without insurance for a decade. how would markets interpret this bill if it was dropped on the floor?

in a most busy london, francine lacqua. nister of the united kingdom and somebody from northern ireland. e they going to come to an agreement? francine: we think they will probably come to an agreement. at was the leader of the d.u.p. we are expecting some kind of agreement on this conference. to still find ed out what exactly the d.u.p. want in return, if it's anything more than hard cash their region. tom: most interesting. italian banking, we'll do in a moment. now, with news, here's emma chandra. emma: thank you, tom. ty lee has carried out its biggest ever bank rescue. the government will spend as up as $19 billion to keen two failed banks. plan calls for so paw low tailed face sets. british prime minister theresa may outlines her plan to e.u. rding the right to citizens living in the u.k. later. last week, e.u. leaders say did he feel didn't go far enough and risks costing people rights. meanwhile, david davis says the government will fight any demand that e.u. court should have power in the u.k. once brexit is final.

down with anat exclusive interview with bloomberg's francine lacqua. about climate change, monetary policy risk. mark carney wants to get 100 chief executives to disclose more information about how climate change is a risk for their cities. carney: as we go forward, there will be changes in public policy. that can have big effects on industry. change in be technology. that will shift the competitive landscape quite quickly. and there will be, potentially, a pull forward in anticipation, because that is what markets do, anticipation of changing. who will win, lose, who will be penalized. in order to have the information or to make those judgments, i also want to have some perspective on who is thinking about this so i can make those qualitative judgments about management and risk management that often unlock bigger values. francine: is there a chance there is no risk. ? longer-term,that if you do not know exactly what the risk is, what is something is impacted but you cannot actually measure it? a company today could decide on how to disclose it. mr. ca

up next, is bloomberg surveillance with francine lacqua. ry on the conversation this is bloomberg.. this is bloomberg.this is bloomberg. ♪ ♪ francine: italy deploys up to 17 billion euros. prime minister may delivers clarity, hoping to close a deal with the dup this week. loeb targets nestlÉ.

francine lacqua is up next with "surveillance." she will be joined later by tom keene.omberg radio. we will carry on the conversation surrounding what's happening in the markets. we will be looking ahead to thursday, what a big day thursday is. the ecb, the u.k. election, and the testimony of mr. comey. london not exactly looking radiant today, but the weather, i'm told, will change by the end of the week. always an interesting aspect to the polling story. this is bloomberg. ♪ francine: qatar's crisis. president trump once 2-d escalate the situation. escalate thede situation. switches thebour focus, claiming tory plans are the biggest attack on pensioners in the generation. the investigations into the london bridge killings continues. timko tells us his company has h

mark carney joining francine lacqua at 11:30 a.m. u.k. time. that is it for the daybreak team. is next johnson. a gray day in the city of london. ♪ i: good morning, welcome. you're watching lumber markets. -- bloomberg markets. we will bring you the first trade of the day. a number of important pieces of news. i guy johnson in london. matt miller is akin berlin after his odyssey across the atlantic. is preparing to unwind stimulus. mark carney signaled the time is n

francine lacqua will be joined by tom keene. we will be tough you about radio as well.s and i will be taking to the airwaves on bloomberg radio. matt in brussels will have a busy day. what are they going to be talking about over dinner tonight? theresa may is going to have an interesting dinner, i think. the question is, at the end of all of this, who pays the bill? this is bloomberg. ♪ francine: today, prime minister theresa may travels to brussels, where she could face her first brexit row with the leaders. she will outline how she plans -- salman'shammad bin anointment. he answers questions about the country's direction. too much oil. crude holds it slide. good

joe: that was ecb executive board member benoit coeure with bloomberg's francine lacqua.bloomberg business flash. j.crew will announce a debt exchange that will allow the retailer to push out is near-term debt maturity. offer -- say they it comes as the longtime ceo announced he will step down and service chairman going forward. general electric has secured u.s. antitrust approval for its deal with baker hughes. the agreement will create one of the biggest oilfield services companies. ge won approval last month from regulators. video gives ge a 62.5% stake in the new company. and it could close as early as next month. shareholders of honeywell are resisting calls to spend on its aerospace unit, according to ceo david cody, who tells bloomberg investors are worried about losing potential paydays on recent investment. that is your blis business flash update. julia: we have more news on the new ge ceo john flannery that was announced this morning. they are said to have sent his salary at $2 million. he has a target bonus at 150% of his annual2017, an target bonus will be $3

then walk away spoke exclusively with francine lacqua and they spoke about issues facing europe now.adding sees downside risks mostly coming from the outside. we see risks surrounding the future course of u.s. economic policies, emerging-market economies, and these are the risks want to focus on. , much lesshe inside than they used to be. francine: how would you qualify tensions within the governing council? there are different views but it seems like you are becoming boe monetary style. benoit: we need different views to be reflected. different economies inside the eurozone are running a different paces. so far so good. as long as the governing council can form a consensus. we decided last week was very much a consensus, which gives strength to negotiations. francine: how do you rate political concerns? is there a danger that because france is out of the way and it was an outcome that the markets like, we underestimate political risk? benoit: well, political risk is there. it is not for us to decide on political risk. we are not a political institution and we do not decide based on

i'm francine lacqua in london. tom keene is in new york.out the implications of these terrorist attacks without losing the human component, but on markets and of course, on the general election, which happens three days from now. edwards,a and anna helping out this morning. francine: we will talk about the u.s. economy and those jobs figures from last friday. let's get straight to the bloomberg first word news. reporter: starting in the u.k., the political truce after the london terror attack's. theresa may and jeremy corbyn ramped up the rhetoric before thursday's election. they argue there is too much tolerance, calling for a series of new measures. jimmy korman criticized theresa may for cutting police budgets. less than 24 hours after the attack, a benefit concert for victims of the terrorist attack there. it was headlined by ariana grande. two weeks ago, she had just finished a concert a manchester when a bomb exploded, killing 22 people. saudi arabia isolated qa tar. the saudis, bahrain, the uae, and egypt have cut diplomatic ties wit

i'm francine lacqua in london. e have great guests coming your way. first thing a check on your markets. this is what we have seen overnight. the dollar gained on the back of what we heard from janet yellen. probably one of the most significant things that we're watching. we're watching dollar and the bloomberg u.s. dollar index and also i'm interested in crude oil. we had the i.a. report yesterday. it traded at $45 a barrel. a couple of big investors said it means it is probably going to change the trade wagon and what we also need to look at is some of the australian bonds after we saw the rally yesterday in treasuries and we're looking at swiss u. now let's get straight to the first word news. >> in the u.s., the special council investigating russia's interference in the 2016 election will examine whether trump tried to slow the probe into michael flynn. the move expand scope of the investigation. meanwhile trump and his wife melania visited house majority whip steve scalise in the hospital after he was shot yesterday. he suffered fractured bones,

i'm francine lacqua. it is time for the market check.quities with a chance -- since 1998, the mscl normalized beatingup by 20%, commodities, the blue line. the barclays bloomberg global aggregate bond index is lower by roughly 1.5%. the euro, the second-best performing asset. gold, dollar index, and brent crude fell into a bear market. draghi pushes euro higher. it is all about portugal. best quarter since 2010 euro for the euro. on the back of the more hawkish draghi. just sewing the probability of a rate hike in the u.k. in december. look how it's shot up since the 14th of june. 5%. 56%. more than a 50-50 chance in the wake of a more hawkish mark carney this week. and portugal, it was all happening in cintra. happening in japan, inflation, yes there is some for the fifth straight month. the slow rise means inflation remains far below the 2% target. inflation excluding fresh food. that is the white line. 0.4%. as we said, a far cry from that 2% target. francine: thank you so much. three weeks after the leader of defied. labour party exp

take a look at what the ceo over at santander told francine lacqua about this acquisition earlier. >> this opportunity comes at a good time. spain is doing well. spain has been growing close to 3% for two years and will be growing close to 3% this year. this is the right time in the economic cycle. we are not in a rush to sell real estate. we aim to sell at least half in the next 18 months. jonathan: look at what santander has acquired, to businesses, one that is very solid. the other is a really bad lending business to property that has not gone well at all. how long do they have to do proper due diligence on that side of the bank? >> that is the key question. popular has been trying to market itself to a number of bidders for weeks. it has only been weeks. popular has almost 37 billion ,uros in nonperforming assets only seven of which are related to real estate. somedoes provide confidence. given it has only been a number of weeks, it is still a question. turnedn: many investors to meet without even prompting and say they are long europe. they want to buy europe. they can take posit