now you have francois hollande more to the left.here will be some kind of fight behind closed doors how to approach the economic problems but chancellor merkel does not want this fight to break out openly. she will have to broker a deal she will also have to sell it home because people in germany are still of the opinion that countries like italy and france should get their economic house in order by themselves without help from brussels and germany. terry: thank you so much for now. next hoffman in italy. one of the issues discussed at that summit was the refugee crisis. a year ago, chancellor merkel told germans we can do this in an effort to reassure germany could cope with the arrival of more than one million refugees. this week, dw will look at how germany and the migrants are coping, what impact are they having, are they contributing to society or a drain on resources? let's take a look at the results of a survey. over the past 1.5 year, over 1.6 immigrant -- million immigrants have come to germany. many germans think their pr

francois hollande one of them. the key point is that we are eight months from the presidential election. does this mark emmanuel macron's bid to enter the presidential race? that is the big question. katty: president obama will join hillary clinton on the u.s. election campaign trail next month in the crucial state of pennsylvania. the area is a mainstay of american politics, and a victory there can significantly help a candidate's chances of winning the white house. but both secretary clinton and her rival donald trump have problems with pennsylvania voters. nick bryant has been traveling through the state and he has this report. nick: welcome to the town of clinton, pennsylvania, where the senate greets you greets donald trump. it gets a nod of approval from a working-class voter who lost his job at the beginning of the year. he likes donald trump, he loathes hillary clinton. >> he speaks what he says and speaks to people from the heart. nick: what about hillary? >> she should be in prison. >> we are senior citiz

one thing that is true is that his leaving is a major blow for president francois hollande. flo: this is an article from a belgian paper. it echoes what you are saying a lot in the press. it says, "in the end, emmanuel macronwell -- emmanuel is killing his father." this article says that emmanuel macron is essentially emancipating himself, spreading his wings with his eyes on the 2017 presidential election, ready to running as the man who created him. get ready for a merciless fight. that is what he says. let's look at -- they are talking about the big bang, macron, a very big fan. check out this cartoon. it is great. nancy francois hollande looking forlorn as he watches emmanuel macron ride away per you can see the training wheels. -- macron going toward the l is a palace. some papers outside france are saying the macron's resignation is also a good thing. flo: a swiss paper is very happy about this news. they are looking at why emmanuel durant krohn -- emmanuel macron 's decision that she is very competent. he also has an international view, which is quite rare in france.

prime minister matteo renzi has canceled a planned meeting with french president francois hollande inchina's central bank has injected cash into the financial system using repurchase agreements for the first time since february. this comes amid speculation policymakers are looking to cool a bond rally. a record rally in chinese sovereign debt has prompted traders to increase leverage to amplify returns. oil has resumed its drop after industry data showed u.s. stockpiles rose, keeping inventories at the highest seasonal levels in years. this followed a jump in prices on speculation iran may support an opec freeze of output. there are reports that tehran has sent positive signals about supporting joint action. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. francine: we stand on the brink of a technological revolution that will alter the way we live. those are the opening words of a report by the world economic forum. will technology finally provide the boost to productivity that the global economy has been des

sarkozy lost to current president francois hollande in 20-12 after serving one term. very popular in the polls right now. he hasn't said whether he plans to seek re-election. sarkozy has been named in more than one legal case. but he's never been convicted.... or appeared at trial. wikileaks global crusade against government secrets- might be leaving private lives behind as collateral damage. the associated press reports- the wikileaks data dumps are exposing the privacy of hundreds of innocent people... including survivors of sexual abuse, sick children and to reach wikileaks founder julian assange were unsuccessful. in the past, wikileaks has claimed it championed personal privacy while going after big government. today- army sergeant bowe bergdahl's lawyers will argue the case against him... is tainted. bergdahl is facing a court martial on charges of desertion and "misbehavior before the enemy." he's accused of walking off his post in afghanistan in 2009. he was captured by the taliban and held captive until 20-14. president obama trade to get him back. the u-s fr

france's unemployment rate fell to 9.9% in second quarter, which will help francois hollande keep his promise to drop joblessness before the next election. this is the 10th consecutive month of shipments falling from japan. they continue drop highlights difficulty kickstarting the japanese growth. chinese home price gains have culled for the month of july. versusrose in 51 cities, 55 in june. australia's jobless rate fell from 5.8% to 5.7%. the aussi dollar gained. two u.s. swimmers were taken off of a plane in rio yesterday in an as leading to see local police about a reported armed robbery. they were removed from the flight by brazilian authorities. they were among a group of four swimmers who on sunday, said they were robbed at gunpoint by men posing as police. olympic of island's body was arrested for scalping tickets. wider was arrested in a investigation into the illegal ticket sales. they said he was temporarily stepping down from all of his role in sport. criticism of the bank of england's qe program is growing. totesters urged them abandon the measure yesterday. global news 2

the message from european leaders has been one of unity (francois hollande, french president)(eng lish translation) "it is clear that we must do everything that we can to fight against the scourge of terrorism." and resolve (angela merkel, german chancellor)(eng lish translation) "i am convinced that despite the difficulties we will win this fight." despite these words... fear and hesitation is quietly growing in the continent.... take the view from britain... here, according to the association of british travel agents, uk sun seekers want their summer sun with the certainty of security. holidays to tunisia -- which suffered a terror attack on one of its beaches is down 90-percent compared to last year egypt is down 70 percent and turkey -- which recently saw a failed coup -- has fallen by 30-percent (sean tipton, association of british travel agent"t and the kind of holidays that people are taking. they've moved away from the eastern mediterranean places like turkey, egypt and tunisia and shifted to perennial favourites" instead, holidaymakers are looking to the sun, sea and sangria o

was there anything in this speech that sounded like francois hollande trying to run once again?> absolutely not, to be honest. there were one or two standout issues. one was friends trying to take a more central role in european affairs, particularly following brexit. he made it absolutely clear that as far as breaks it was concerned, britain is out. 50 negotiations on article would have to be over by the end of 2017. that's interesting for a number of reasons. germany seemsof much more keen on spinning things out even longer than that, 2018. germany and france are trying to work out what the axis is really going to amount to now that britain is out of the european union. genie: that was rob parsons. in other news, the outspoken economy minister of france will step down this afternoon. sources say to 38-year-old former investment banker is resigning to focus on challenging his boss, francois hollande, for the presidency. he launched what he called a great march that was a door-to-door campaign across france to collect voters grievances ahead of the presidential election. the num

sarkozy and the ,resident, francois hollande cheering as well. it's unclear what his position as. he's come up with ambiguous statements about the issue. an article in the guardian says these themes of the french police officers enforcing this that it is too limited. all clothes are awful and should be banned. how long do you spend agonizing over what you're going to wear everyday? washing clothes is terrible for the environment. think the article is ridiculous, it says, so is banning the bathing suit. more, you can head to our website, france24.com/ inthepress. you are watching "france 24." x >> this next panel is--it's-- i think it's really important to me because it's so rare to find honesty in the environmental movement. not many p people are willing to confront the reality o of the situation we face. i think that's really understandable because that's a hard reality to face. but it's mymy belief that only by truththfully looking at the situation and moving through the process of grief can we come to a place of action. so with that said, i want toto introduce our panelists. t

one in a long line of candidates seeking to rival france a lot along -- francois a law and -- francois hollande. a very sarcastic article. after a profound and serious candidateson, these must run for the country. -- except that the 2017 is all but lost and they need to focus on afterwards. >> another big story is the closing of the olympics in rio. for the guardian, it leaves rio rest year but brighter. the keyword is relief. the games ended in relief that they were able to take place relatively problem free and it was a needed distraction away from the political and economic problems. euler -- were on prop the games were unpopular and highlight social inequalities in brazil. -- was bulldozed out of the way. some of those were actually evicted to make way for olympic infrastructure. >> the united states ended up with a huge medal tally. china is saying china could learn from it. >> everyone could learn from the tally. it is an interesting article. the bottom line is a lot of bred in u.s. kids from a young age. in china, sports culture is everywhere -- unlike in china, sports culture is everywh

sarkozy lost the presidential election to francois hollande in 2012 after his first term. donald trump is on the campaign trail today... trying to get back on message after questions were raised this weekend on his immigration policies. lauren blanchard is in washington with the latest. today trump in akron ohio...meeting with the fraternal order of police ... hoping to boost his poll numbers in the swing state where clinton remains ahead by four points. this weekend donald trump spoke with his hispanic reports he may walk back his controversial mass deportation plans... democrats were quick to jump on the news... saying it's another example of a trump flip flop... but the republican nominee shooting down those reports (((phoner graphic))) trump: we have to be very firm. we have to be very, very strong when people come in illegally. doocy: so you're not flip flopping? trump: no, i'm not flip flopping. clinton political ad "in ti america depends on steady leadership. trump: knock the crap out of them would ya seriously." in a new ad clinton is trying to paint he

francois hollande was at pains to say we need to generate more economic growth. three leaders had a focus on young people. all wanted to generate jobs for young people and try to create a different kind of future. turn the pageaid, to create a different kind of europe. it is important to emphasize these leaders are facing some harsh realities in their own countries, even though there was a push to downplay nationalism and egotism in their own countries. there are elections looming in france and germany. the italian prime minister is facing a constitutional referendum in november, which will undoubtedly be a popularity poll on his status. these leaders are creating a picture of solidarity and unity, building a future for europe together. someare trying to downplay of the problems in their own countries, in their own backyards, as they face elect world -- electoral realities. anchor: a militant has made history as the first pleasing -- person to plead guilty to destroying cultural heritage. al-mahdi ordered the destruction of sites in timbuktu as affronts to islami

francois hollande has been sinking in the polls. global news 24 hours a day, powered by our 2600 journalists and analysts in more than 120 countries. i'm mark crumpton. mrs. bloomberg. scarlet: -- this is bloomberg. scarlet: big news in the pharmaceutical industry. let's start with pharma. thehave pfizer clinching purchase of medivation valuing the company at a $14 billion. the deal gives pfizer a blockbuster prostate cancer treatment that is available for sale. mccracken now is jeff and julie armstrong -- and drew armstrong. i will start with the function on bloomberg, bu ip which is buyer profile, showing you just how many acquisitions pfizer has made recently. for 2016 we can count seven purchases so far this year. most of them, not so large. --million, 12 million, point $4.6 million. this is all part of a strategic approach to growing for pfizer which is through acquisitions. >> the big deal is allergan. 100 plus billion dollars last year that would allow them to locate outside of the united states. that deal, they pulled that d

debate that is not only divided the right from the left but has created fissures in president francois hollande's own socialist party. his prime minister, manuel valls, strongly supports the ban, whereas his education minister, a muslim woman, strongly opposes the ban. i expect the volume will be turned up even more in political speech about french identity and where muslim women should be allowed to wear even hijab. muslim relations in france and especially debates about french identity are going to be heavy fodder in the coming months of the presidential debate leading up to next year's elections. terry: jake, thank you so much. italy is preparing for a state funeral for those who lost their lives in wednesday's earthquake. it is taking place on saturday, which will also be a national day of mourning. the official death toll has risen to 278 and hopes of finding more survivors are fading. reporter: this is all that remains of a much reach -- on the -- amatrice, once one of italy's was beautiful towns. it is day three of the rescue operation and rescue service -- emergency services are searching

. >>> pope francis is welcoming french president francois hollande to the vatican. the two reportedly talked about islamic attacks including in france, one that left an elderly priest dead. when a priest is attacked, it is all of france has been hurt. >>> the violence in milwaukee cost millions of dollars in damages. a police shooting killed an armed african-american man. protesters attacked -- the damaged will exceed several million dollars. a $10,000 reward is being offered to find those involved in the vandalism. >>> nasa says the groundwork for its next mission is set. this time a spacecraft will be sent to collect a piece of an asteroid. the sample will help scientists understand how the solar system works. the spacecraft will travel $1.2 billion. nasa plans to have it arrive by september of 2023. the launch is set for the. >>. >> authorities found a teacher with a 15-year-old girl. >>> and a rail bridge in the south bay goes up in flames. two fires burned nearby at the same time. how firefighters are coping with resources that are really stretched thin. >>> we

around 36 hours and counting and they just to the presidential palace, as well, to be greeted by francois hollande on tuesday evening. they've all left. of peoplehordes standing outside. reno who is indy great spirits, the silver in the modern pentathlon and gregory took a cycling bronze, as well. a bronze lamet with for the 200 meters. the double gold winning equestrian team, as well, so great spirits for a wonderful on tuesday.h sport anchor: sticking with the olympic theme, the woman who became the first brazilian athlete to strike gold in rio has been talking about her path to victory. silva hailedfae the notorious flavela. >> she's returned to visit the neighborhood where she grew up. everyone should have her as an example. i have five children. them to make me as proud as she's making us right now because she fought and suffered for this. i take my hat off for her. i'm so proud. easy patht been an for silva. four years ago, she crashed out olympics,don disqualified for a borderline illegal hold. she nearly quit judo for good. herl, her coach persuaded to persevere. speaking after her win, sh

french may be the language of diplomacy, but there is nothing nuanced about the intervention of francois hollandeaid donald's comments made etch.ant to wr . since the convention, there has been a slew of hope. while they had the usual housewarming, they point in the same direction. his support has gone down and hillary clinton has gone up. jon sopel, bbc news, washington. if that wasn't enough, mr. trump said in an interview today that he was not ready to endorse paul ryan or senator john mccain in their reelection bids. here with it all is north american reporter anthony zurcher. why would he lash out at a time of peril for himself? anthony: he may be getting revenge on paul ryan when he went back-and-forth during the primary. donald trump cannot help himself . he feels he has to point out that paul ryan was soft when it came to supporting donald trump. laura: we heard jon sopel saying that the polls are moving toward hillary clinton. what are the latest polls saying? anthony: she got a bump out of the convention. people who watch the republican convention came out with a negative view of the co

angela merkel, francois hollande and matteo renzi spoke to reporters before their meeting on an italian aircraft carrier off naples. renzi said many people assume that brexit would trigger the end of europe, but that isn't the case. details other talks have not been disclosed, but the leaders are believed to have worked together on job creation for young people and boosting security cooperation in response to a series of terror attacks. >>> in our series "women of vision "we meet figures who are challenging society and prevailing norms. today expat catherine jane fisher. she's leading a campaign that seeks justice for victims of sexual assault by u.s. servicemen and base workers. >> tens of thousands of people gathered in june to protest a crime that shocked the nation. weeks earlier police arrested a former u.s. marine who was working at a military base. they believe he assaulted and murdered a 20-year-old japanese woman. catherine jane fisher traveled from tokyo to join the rally. years ago she endured a similar attack. >> i'm not afraid. i'm not ashamed to say that i'm a survivor of

right in francois hollande of millard ring's house. >> ring, a rockport emt and othr neighbors ran to helped the womn who is said to be in her 50s. >> she said she was knocked to the ground and someone was basically -- seem like they were trying to rip off after she started screaming, the person just took off. >> she was pretty much just distraught and shaken up over te whole ordeal. >> police say surveillance video from two nearby businesses shows castro stalking the woman. >> the videos show the victim walking towards pools lane with the suspect following her path from a distance as though trying not to be discovered.

right in francois hollande of millard ring's house. >> ring, a rockport emt and othr neighbors ran to helped the womn who is said to be in her 50s. >> she said she was knocked to the ground and someone was basically -- seem like they were trying to rip off after she started screaming, the person just took off. >> she was pretty much just distraught and shaken up over te whole ordeal. >> police say surveillance video from two nearby businesses shows castro stalking the woman. >> the videos show the victim walking towards pools lane with the suspect following her path from a distance as though trying not to be discovered. pull down her under pants becaue he was curious, although he said he did not intend to have sextig with her. >> several of castro's family members were also in court. they say he's innocent. >> he's a good kid. i don't believe he's guilty. >> you don't believe did he thi. >> no, i don't believe he did u. no. >> because he spoke to me sometimes. he's a good man. >> castro's family members say they're all from central americ. the department of homeland security asked the

aland --kel, francois kel francois picard merka, francois hollande -- friends from 2007 2 2012. 2007-2012.nce from a wildfire in central california is chasing more people from their homes. the blaze forced the famed hearst castle to close. august 13. the blaze is partially contained. day.l news 24 hours per i am mark crumpton, this is bloomberg, back to you. even bank let's get back -- david: let's get back to the markets. self learning computers, so-called ai funds, are outperforming the start of -- let's look at why big names are looking at ai. i want to bring in mark connors come ahead of risk advisory at his,t suites -- mark on head of risk advisory at credit suites. of a trend is this and why are they faring so well? : we were talking off camera about it. one reason why we think the model-based strategy, whether it cpa, what is happening now is unprecedented. let's look at the start of the year. first day of the year we look at china coming out with evaluation. dropped -30 unexpected on the market. and that started a deleveraging that we have not seen since since the first part o

francois hollande said he would reject the deal. of the main points contention include the protection of the brands of certain goods. anchor: there are comments over future interest rate hikes. reporter: the strength -- the case has been strengthened. the fed have been worried about voting too of britain leave the european union. it is not for the global economy. it doesn't mean the fed has relaxed about the rest of the world. in the emerging world, we ask for summarization. it is important that this is much more important because15 years ago, emerging markets was 20% and now it is 40% of the global economy. therefore you cannot have the next generation with rate hikes unless the red does not -- fed does not want that. reporter: european shares are trading down. some say it is impossible to interpret janet yellen's comments. bitort time ago, it was a quieter out there today. so more business headlines. the french trains has seen their contractse after a with the american operator and try to supply new high-speed trains. surrenderede

the british are keen to talk to people like merkel and francois hollande.hey want to express common interests as stakeholders in the economy. federal europe feels the commissions is more interested in maintaining the european union, but when you talk to merkel, you can make deals on german cars and the like. will she can talk to merkel and strike deals there. >> thank you, simon kennedy. next, we would take a closer look at the rally in oil and the new hopes for a deal to freeze outputs. rising above $50 a barrel. 888, right confirming that you are walking away from a bid for william hill and do not intend to make another offer. stocks up 2.6% today. a little bit of a spike toward the end. this is bloomberg. ♪ live from london and new york, i'm vonnie quinn. nejra: this is the european close on bloomberg markets. with less than 10 minutes to go until the end of trading. as we go to the close, i want to take a look at oil. crude on the verge of a bull market. take a look at this chart i have tracking brent crude in white. wti and blue. the bull market levels

there was something that francois hollande said after the attack at bataclan at french parliament.said, the security pact trumps the stability pact, which was a clear message to europe. we going to focus on security issues, national defense issues. there is still this homework to do on structural reforms and so forth. for the time being, the priorities are not there. it is probably a normal response from a state facing the sort of challenges. very often, you would expect the next general election to be about the economy. to some extent it was the case in 2007. in 2012, it was about national issues, andltural so forth. the debate on reforms always comes second. whoever becomes president has trouble pushing through these reforms because they were never at the forefront of the debate when people had to choose. francine: almost like you have a mandate but it is not the one to push the economy forward. gilles moec from bank of america merrill lynch. up next, the outlook for oil. global markets will rebound, says the iea. that as crude languishes. ♪ [ hip hop beat throughout ] [ fans che

is resigning as he prepares to potential run for president and challenge the current lead er francois hollanded nick lard sarkozy. >> we're sending a message to any taxpayer in europe, be multinational, stand-alone companies, big or small companies, european or foreign that this is a wonderful place to do business and to invest. but you have to play by the rules and not to rely on unfair tax benefits. >> obviously a big story at the u.s. investors in washington, keep in apple is just one of the tech giants using ireland as a tax haven. other companies could potential be at risk as well. >> thank you very much, seema mody. >>> coming up we'll take more about the eu's 14.5 billion tax bill it wants to send to apple. jeff richards is next. there are many things you don't want in industrial strength- (smash!) like an administrative assistant. your 3 o'clock is here. but there's one thing you do. it's called predix from ge. the cloud-based development platform that's industrial-strength strength! >>> here's your cnbc news update. comey is warning about the inability to -- he said the default encryp

he lost to current french president franÇois hollande four years ago. >>> this is a fox news alert.ate department briefing under way responding to questions about ties with the clinton foundation. this as we learn of another crack in the dam for hillary clinton. let's listen. >> evidence of the way the process works in that, you know, any secretary of state has aides who are getting e-mails or contacts via a broad range of individuals and organizations. >> so as far as you're concerned, what these e-mails, like the ones that just were released today, don't show anything new, this is old news, you guys have already looked into this and decided that there wasn't any problem? >> i mean, of course we're always assessing new e-mails as they come in. i'm sorry, go ahead. >> go ahead and finish. >> we always assess e-mails as they come in. >> these are new e-mails. >> i understand that. >> you guys are confident or you know that these e-mails today have been looked at by people whose job it is to look at these things and decide whether or not there was a violation or appearance of -- >> th

today, french president francois hollande added his skepticism,dd in a speech in paris. >> ( translated ): the negotiations are bogged down, positions have not been respected, it's clearlysi unbalanced. so rather than prolonging talkst it is better to make sure that we can advise all parties that france will not be able to agree on an accord which has been prepared that way. >> sreenivasan: the potential agreement has run into growing opposition in both the u.s. and europe. and britain's vote to leave the e.u. has further damaged prospects for a deal. >> ifill: back in this country: president obama commuted the sentences of another 111 federal prison inmates. that makes more than 670 during his time in office. they'd been convicted of non- violent drug crimes. the president has argued that sentences in such cases are too long, and he's called for congressional action to lessen the penalties.ie >> sreenivasan: and on wall street: stocks gave back some of monday's gains.ai the dow jones industrial average lost 48 points to close ato 18,454. the nasdaq fell nine points, and the s&p 500 sli

caroline: we have had francois hollande calling for fiscal stimulus.ays they could perhaps go outside of where the eu's rules are. could that happen? >> we are coming up to autumn with the referendum in italy about constitutional change. this is an important and stressful time for them. manus: we do everything here. we talked to the guests, we get them tea and coffee, and we make charts for them. >> this is the increase in political risk. and this shift makes people feel very uncomfortable and nervous. spain has quieted down a little bit recently. but italy, they need to get this referendum done and out of the way. taken look, the ecb has to the ecb.rels let's have a look at the performance on the sovereign bonds. italy has barnstormed ahead post brexit. relativern on bonds to the potential return of the corporate bond market, where is the bigger exponential? >> if you had asked me one month ago, i would have said corporate bonds, now, it is a harder call. , you are getting .6% -- you are getting .6% to .7% extra yield. and that is where it gets tough.

stuart: listen to this, the president of france, franÇois hollande attacking donald trump vigorously.ts his excesses make you want to match. even to the united states, especially he speaks ill of a soldier or the memory of a soldier. is this the guy who is a $10,000 a month barber? >> events to get haircuts. he says a victory for donald trump could mean the rise of conservatism around the world, which were a socialist is absolutely dreadful. don't forget, donald trump recently sent out a string of terrorist attacks in france. france is no longer friends. this is a bit in retaliation. stuart: i never did get this. john kerry visits in paris and took with him james taylor to strum his guitar in sympathy with the french. stuart: you can't make this up. ashley: going on social media, saying that the socialist to set them a normal president when he was elected four years ago, more than $10,000 a month for the haircut. stuart: i got that haircut. president obama yesterday stands right next to singapore and bfi donald trump. i think he joined dan. ashley: on the tpp. stuart: do want to rollb

this major franÇois holland, this guy has the 75% tax rates.rance has been in a standstill when you look at economics. angela, gp, played this from the president of france did in his appeal or did people say i disagree with someone and i always have. i like chuck moore. >> hollande basically has a lot of courage or maybe attacking the next commander-in-chief. doesn't have a problem with terrorism? the problem is i don't think the american people are going to listen to the leader of france. dream do people have been massacred in france while he's been president. he's lecturing us. if they didn't commit this helps donald trump to have franÇois hollande blade in. the president is trying to push republican leaders to say we are not going to vote for him. if the republican leadership says we are not voting, it looks like the president is right and they are caving under the president. he wins. >> they can't support him. that is what i want people to pay attention to. maria: trump says he is not there yet when it comes to supporting polygram. dagen: w

meanwhile in france, francois holland worked between an seeking security and his old socialist party protect democratic freedom we are joined. from paris. the terror of placing the economy worries, the main issue no longer unemployment but social security. >> that is certainly the case. even after last year's terror attacks, that of people were asked what is the main issue in the next election, terror was up there but it was never the top issue. it was always jobs in the economy. just the randomness of it, the truck attack, slitting the throat of the priest, that pushed terror to the top of concerns. now it is a concern going into the next election. guy: who does this favor? who in terms of the political party lining up, the political people lining up, has this given the advantage to? >> certainly the far right thinks it has an advantage, and i mean both marine le pen and people like nicolas sarkozy, running on a right-wing platform in the primary for his party. they have been pushing all sorts of ideas, accusing the government of not acting in a foreign war,. . but a lot of things t

or whether he will be able to win over some of the center, who might be tempted to go back to francois hollandeback from their summer holiday. manus? "countdown,"t on could we be getting the first indication of a brexit that on businesses in the monetary union. eurozone data is due. this is bloomberg. ♪ caroline: welcome back to "on the move." 52 minutes into your trading day. we currently can see some performers on the stoxx 600. mri.is your performance, buying into the u.s. this performer yesterday, and best performer today. persimm -- persimmon, outperforming today. and look how the french car company, emissions details were omitted from the french report. that is the worst performer on the stoxx 600. there is your market overview. let's get you highlights for the rest of your trading day. anday u.k. time there is interest rate decision coming out of turkey. then, the u.s. new home sales. manus: caroline, thank you. first, we have a mixed picture on the state of the economy from france and germany this morning. services in germany had their worst performance in 15 months, while in france, se

a bid willeculation be launched to replace president francois hollande.e at the middle of a conference near versailles in france. over to you. by pierre. am joined the business represents 700,000 french companies. departurekel's yesterday, was it bad news are good news for business? >> i would say it is good news. macronbusiness. he comes from the business. he is a truly international guy. he speaks perfect english. are interesting assets for a political person. we would like this. reporter: are you disappointed with what the government has achieved in the last four years? >> i think it has moved in the right direction, in any case. to decrease the tax burden on the company's by 41 billion euros. things are moving in the right direction. that is important for fronts. but we will have to go further and stronger, and quicker in those directions. i think, we are in the middle of the river. we have to go to the edge. reporter: is that mean you would like to go to a different edge in 2017, meaning a change of governments, a change of majority? >> i would like

that should help president francois hollande the ability to fill a promise to cut joblessness beforet election. officials were divided in july over the urgency to hike. some prefer to wait because inflation remains be nine, while others -- inflation remains benign, while others want to go as soon as possible. apan's and sports dropped 14%. the continued drop highlights the difficulty of kickstarting the japanese growth. havese home price gains called for the month of july. prices rose in 51 cities, as opposed to 55 in june. two u.s. swimmers were taken off a plane in rio yesterday. colludings an as dispute between -- there is an escalating dispute between the swimmers and the local authorities. a group of four swimmers say they were robbed at gunpoint by men posing as police. global news 24 hours a day, powered by 2600 journalists in more than 120 countries around the world. this is bloomberg. guy: let's talk about the united kingdom. jobless claims are falling. the unemployment rate is at its lowest in more than a decade. that is rearview mirror stuff. job vacancies, though, somethi

angela merkel, france for a long, and matteo renzi -- francois hollande, and matteo renzi will hold talkstalian aircraft carrier. angela merkel has accepted that it will take some time to decide britain's relationship with the eu. throw your thoughts in on time in terms of this brexit conversation. what many leaders will be talking about. migration and turkey is also on the agenda. about the timing of the triggering of article 50, we had a story over the weekend that actually the first six months of next year, or the summer of next year might be where we go, instead of later in 2017. what is your take? geoffrey: that sounds like the optimal time. unofficial talk going on behind the scenes. the fact that these three heads of government are speaking today, that's a sign they want to determine their own negotiating as well, trying to avoid the political calendar in france next year, which will be quite disruptive to markets. i think both sides want to find the optimal solution, but also it's important not to track the things out to much, and also try not to test people's patience. in therepo

andident francois hollande anglo merkel spoke today with vladimir putin.rned about the growing number of cease-fire violations in ukraine accused russian backed rebels of attack. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 100 and 20 countries. this is bloomberg. matt? matt: thank you. shares of a u.s. luxury homeowner told shareholders thereof. an 8% increase in third-quarter earnings, a sign that demand -- remains robust. for joining us. let me ask about the luxury climate. we are not seeing it do well for other companies but toll is doing well selling luxury homes. what is it doing differently than others? rand, great locations, great architecture, great communities. we have a national footprint. every region for us was up this quarter. .8% growth in the first quarter 3% growth in our deposit for the first three weeks of august and it is nationwide. our luxury business is strong and we are excited about it. we love the diversity. we have the traditional suburban market, the second-home a smaller operation o

angela merkel, france well a lot, -- francois hollande will be other french aircraft.k., members of the opposition labor party began the partys weekend on leader. jeremy corbyn is favored to retain his job. pro-european lawmakers have accused him of failing to campaign effectively to keep the u.k. in the eu. turkey's president is the u.s.ng about position, over starting the country strategic -- overshadowing the country strategic partnership. rio areer olympics in over. that is japan's prime minister dressed as a nintendo game character, super mario. he was happy closing families for a preview of the 20 20th olympics, which will be held in tokyo. the u.s. took the most gold medals with china is second and great britain, third. this is bloomberg. tom: thank you so much. ands look at equities commodities. maybe we will see that through the speech on friday. the euro, 113, back a little bit. oil, lower. on to the next screen. there is where the dow is. down of it. telestrate this morning, not back to 95. what you have? dollare: the strengthening. growth, her says believes

will he challenge his old boss president francois hollande in the election -- in the next election year -- next year? ♪ matt: this is bloomberg markets. nejra: let's head to the markets desk. abigail: looking at modest declines for u.s. stocks today. we have the dow, s&p 500, nasdaq all trading lower, off to lowe's slightly but still in the red. one u.s. equity not trading lower is the dow transport. this is the opposite of what usually happens. the dow transports are still in correction territory from their all-time peak back in november 2015. today we can see the dow transport up nearly 1%. the dow transports are having their best day since august 5. take a look at why. this has every thing to do the airline sector. united, american, delta airlines trading higher. lots of reasons. with a better than expected consumer confidence. , jet fuelve oil lower. a big piece of the news, united airlines has now hired and you can airlines former number two scott kirby for the role of president. this is really bringing a nice big rally for the airlines today. today after higher kim companies. thes

minister has resigned and speculation that he will launch a bid to replace the president francois along -- hollande i presented my -- i think them for having trusted me and allowed to serve my country for two years, dedicated to the reconstruction of our economy. withine: let's get more caroline kanaan. -- caroline kanaan. don't know exactly his intentions because he is not counted himself a candidate just yet. had a presshen he conference. he touched the limits of the french system and he wants to regain some freedom in order to make some proposals. he has not decided yet whether these proposals will be in order to support the socialist candidate, including possibly resident owned or rather he would run solo against his former boss. francine: when you look at the way he positioned himself in the conference, it was clear he stopped short of announcing he wanted to be president. he didn't seem to support the president. how park -- if you were to decide, do you know how popular he is. caroline: according to the latest poll is he is at 40%. this is quite high, but it is not the top choice for the fren

so you are to see a comment like that from the french president, france w francois hollande is indicativef that, but the entire world, in fact, carol. >> so general, when hollande says there will be consequences if trump is elected, what does he mean? >> i think he means a shake up of the world order and not in a good way, carol. just let me elaborate on what clarissa said if i may. i've spent a great deal overseas, both in europe and middle east and southwest asia. i've heard from many of my friends, members of government and militaries of foreign allies and partners and they are very concerned. as clarissa said, it was a curiosity at first. now there is out right fear. this is not the america they know. the america they know lives by values, tries to treat people well, welcomes people to their shore. they are not hearing that from mr. trump. and what i'm hearing from my friends and allies, they are very concerned, and you know, as mr. trump says, we need to be respected and feared throughout the world, truthfully, it is scaring most of the people of the world that he has gone as far as

i think it is clear if you look at the domestic french contacts in the upcoming election, francois hollandehe record low approval. the space to move is really very narrow. who has the toughest job? if you look at employment, popularity, germany is well ahead. italy?worse, france or carsten: that is a good one. potentially it is france because france is expected to play this leadership role to counter germany and policymaking on the european level, but what we've have seen over the past couple of years as they have been embattled too much at the home front and that has limited the ability to push back to germany. tom: do americans from a distance, these leaders prancing around, there is mr. junker who has some for form of federal feeling or belief, is there a federal representative or institution in europe right now? it,ten: i think let's face these days are over almost. the power in brussels has moved to the other side of the street away from the european commission to the european council to the representation of the governments, driven by concerns of domestic politics. we are not there to