because in a sense nicolas sarkozy promised it, francois hollande promised it, francois hollande promisedois hollande promised it, and neither could pull it off. that is the question. because so far he is presenting all the reforms that europe has been demanding, in terms of labour market reforms, liberalisation, and so on. he has a parliamentary majority to approve legislation, but what is going to happen in the streets? the streets in france... the irony for britain leaving now is that at the time of this ridiculous campaign for brexit began, they said that europe is falling apart, all europe is not the future, france is dilapidated. now suddenly we see a vision where for one thing the european union is growing faster than we are, we are at the back of the line for g7 growth. but france and germany look very united, very strong. europe seems to have new strength and energy and enthusiasm, and we have been left behind. we are the ones who are going to feel like the outsiders, unimportant. we will be the flyover zone for anybody else. nobody will come and talk to us, they will be going to

peter and i used to talk a lot about nicolas sarkozy and francois hollande, and i wonder about how peoplethe presidency. it is most likely mixture between the queen and the prime minister. they missed out that has suddenly reappeared forjacques chirac, what was that about? partly it is the lapse of time, and partly he was a president that did not achieve a great deal but preserve the dignity and a gravitas, the ad and obviously keen for people. so mac rom is maybe onto something here. —— emmanuel macron. i think he thought that people thought french people were fed up with the class of politics for a generation or so. he has pulled back, he wants to talk not so much but let his actions speak. his actions today are very symbolic, but of course he can go too far. so far i think he has shown good judgment. it is fascinating. i want to make a mention of the official portrait that was released a few days ago. nothing is done by chance, this is a bit reminiscent of obama. the book just behind his hand is the memoirs of charles de gaulle, opened halfway through as if he has been reading it and j

he's different from francois hollande, which can only be a good thing.trying to achieve what tony blair did in 1997 with cool britannia, and london, the cool city to live in. we don't talk much about macron being a tony blair in france, we tend to look at him as a giscard d'estaing. in the 70s he was a modern man. he was young at the time, and trying to implement new things. but he loves the palace, and he loves the backdrop. somebody said he's a bit like one of the old kings. we call him jupiter. jesus? i haven't heard that yet! it's because he had his picture taken with rihanna. let's talk about events in the us. if we thought the start of the week was colourful, with trump's harsh tweets aboutjeff sessions, and the policy about transgender people in the armed forces, the last few days have surpassed that. there seems to be all—out war in the west wing with his new comms director anthony scaramucci rattling off expletives about two senior colleagues. now one of them, reince priebus, has already gone. all of that is a backdrop to something else, the fai

nicolas sarkozy promised it, francois hollande promised it and neither could pull it off.he big question. so far he is presenting all the reforms that europe has been demanding in terms of labour murky reforms, liberalisation and so on. he has a parliamentary majority to approve legislation, but what will happen in the streets? it is the streets in france that decide. the irony for britain leaving no is that at the time by mr dickens campaign for brexit began they said, europe is falling apart, old europe is not the future, france's dilapidated. now suddenly we see a vision where the european union is growing much faster than we are. we are at the back of the line for g7 growth. france and germany look very united and strong. europe seems to have new strength and energy and enthusiasm and we have been left behind. we are the ones who are great if you like outsiders, we will be the flyover zone as people go to talk to germany in paris. what eunice goes says about the streets, it seems far—away, but it is important and it is what links people who are so one alike, that is ma

he's different from francois hollande which can only be a good thing.ying to achieve what tony blair did in 1997 with london the cool city to live in. we don't talk much about macron being a tony blair in france, we tend to look at him as a... in the 70s he was a modern man. he was young at the time and trying to implement new things. but he loves the palace and he loves the backdrop. somebody said he'sa he loves the backdrop. somebody said he's a bit like one of the old kings. we call him jupiter. jesus? i haven't heard that yet! it's because he had his picture taken with rhianna. let's talk about events in the us. if we got the start was colourful with trump's harsh tweets aboutjeff colourful with trump's harsh tweets about jeff sessions colourful with trump's harsh tweets aboutjeff sessions and the policy aboutjeff sessions and the policy about tra nsgender people aboutjeff sessions and the policy about transgender people in the armed forces, the last few days have surpassed that. there seems to be all out war in the west wing with his new communicat

say very different policy views in others but these are two alpha males here, we used to have francois hollandeou couldn't ask for a more different ambience now, they are obviously up in the eiffel tower, tucking into a dinner together, building a relationship, andi together, building a relationship, and i think, it may be true to say, donald trump recognises that macron is not there to be pushed around. he is not there to be pushed around. he is here to stay, he is serious, he is here to stay, he is serious, he is strong and that might work well for both men. it could be terrible, could go the other way, the feeling is they are building rapport for the future. pulled up the live feed we have coming infrom, pulled up the live feed we have coming in from, there it was, it disappeared. i was going to show you the live feed, there we go, it is back, the live feed from paris you can see the spotlight at the top, thatis can see the spotlight at the top, that is where emmanuel macron and donald trump and their wives are having dinner at the moment. in the jules verne restaurant. it has been cleared o

following the international mideast peace conference which was hosted by macron's predecessor francois hollandeary. support hoping to gain of the resumption of palestinian israeli talks based on a two state solution. any suspects in the downing of a malaysian airliner over ukraine will be prosecuted by the dutch government. the decision was made by the country's investigating the disaster. was on aflight 17 flight from amsterdam to kuala lumpur three years ago this month when it was shot down. there are no suspects oh far. the state of illinois is a step closer to ending its record budget impasse. the state senate overrode the , a budget ando tax bill. now the house is poised to do the same. unless illinois approves the budget, the state's credit rating should be downgraded to junk. global news 24 hours a day powered by more than 2700 journalists and analysts in over 120 countries. i'm mark crumpton. this is bloomberg. david: thank you looking ahead at the agenda today, 2:00 eastern time, the federal reserve will release the minutes from its june meeting. 3:00, the un security council will hold

the next steps following the international conference hosted in january by former president francois hollandembers of venezuela's parliament, were injured after scuffles inside the country's opposition-controlled national assembly. a group of government supporters reportedly forced their way in while parliament was in session. global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i'm alisa parenti. this is bloomberg. it is just after 5:00 30 p.m. -- 5:30 p.m. wednesday in washington, 7:30 a.m. in sydney. we are joined by bloomberg's paul allen. with a look at the markets, good morning to you. paul: it looks like it's going to be a positive day on the local market in australia. futures pointing up 0.3%. the trade balance for the month of may is expected to show an improved $1 billion surplus. the nikkei futures are looking next. futures traded out of chicago are a little weaker. keep an eye on shares in japan today. the convenience store announced the first quarter profit which normally -- narrowly missed estimates. isanese prime minister a

. >> earlier this year, the previous french president francois hollande gathered an international conferencetatives from over 70 countries. and by the way, benjamin netanyahu did not like that. he didn't attend. he saw it as meddling and interference. doen wean what he -- do we know what this french president thinks? >> we don't know yet. that's another issue natanya will try to see where macron stands. the particular problem with the predecessor of macron is he tried to internationalize the issue, bringing more people in the conversation. that's what the israelis didn't like. now there has to be a move. we know that macron would probably make the case for a two-state solution. where does he stand against the further colonies? he stands on, you know -- where does he stand on the palestinian issue? we have to remind the viewer that mahmoud abbas was welcomed not long ago by macron. there's a number of things that needs to be seen. it's the first round maybe of talks. we'll see if netanyahu is to evolve. he hasn't shown much will to change in the past years or so. >> no. >> reporter: when he m

interesting because in many ways it's different from what we were used to with nicolas sarkozy and francois hollande who had in mind to make the president more ordinary and closer to the people that's not what emanuel macron wants to do. >> thank you very much. >>> angela merkel dropped the word friend to describe the united states in her campaign manifesto. this follows a haven't war s s words between the two countries. >>> and edf share the sunk to the bottom of the stoxx 600 after the french utility raised cost estimates for the hinkley point power station. edf says the project could cost 1.5 billion pounds more than expected the increase means the pro diktded rate dikt predicted rate of return on investment will fall 208.5%. >>> fait may be a public holiday in the u.s. but there's no rest for republicans spearheading attempts to repeal and replace obamacare. >> reporter: the republican effort to overturn obama care will continue to be a key issue in the second half of the year the longer a replacement stalls, the greater the likelihood that nearly 9$900 billion in proposed cuts to the medicate s

this move comes as a clear break from francois hollande's government, which imposed a 75% income tax on high earners >>> and it's emerging markets that will take center stage at the europe plus conference in paris today with talks about sustainability and investment opportunities in africa. we have clair fournier joining us from paris. good morning i must say, i was in france last week talking to economic and business leaders, and there was a real sense of optimism about what will happen going forward now that we have president macron in place. are you feeling the same on the ground right now in paris? >> reporter: well, yes you mentioned the efforts of the french government to lower the taxes, scrap the wealth tax, and also lower the labor costs, which basically are the main obstacles for investors to come to france. and edouard philippe, the prime minister, is expected for lunchtime here at the organization that is trying to develop and to promote paris as a main financial the minister will focus on the efforts by the new government and president macron in order to attract foreign

. >> we forget what a stark contrast macron is to francois hollande. this could be a way for president trump to even turn the page on russia. we talked about this. if the president would have talked about a cyber security partnership or defense unit with countries like france or germany, france -- >> as opposed to doing it about russia. >> france just experienced the russians trying to cyber hack them, that would have been a big win out of g20. if they can have that conversation today, that will be a way for the president to move past the situation we saw on sunday, yes, we're partnering with russia, no, maybe not. >> laura, always good to see you, former spokesperson for emmanuel macron's campaign for president. president trump is also playing defense as we mentioned after his son donald trump jr. admitted to meeting with a kremlin linked lawyer last year. >> hasn't mentioned jared kushner who was in the meeting and has quite a bit more at stake. >> and now not told us about three meetings he had with kremlin connected people. in a new interview with

and now things are going to be better because francois holland apparently was inviting terrorism and emmanuel macron is not going to. at some point we have to just from a diplomatic approximate perspective call this rudimentary and somewhat nonsensical. >> i agree. i know emmanuel macron. i do agree with donald trump when he said i think he will be a very, very good president. but we shouldn't lose sight -- i was there during all of the terrorist attacks. our embassy worked closely with the french intelligence community, being with president holland, with minister kos nof. they did a great job. it was a very difficult time. but if you talk to our nugsz institutions that worked together, they would say that. i would agree with president -- >> you can agree and za grow -- >> that he now likes france. >> that's right. but it does -- unfortunately, it plays to a particular audience and it's very dangerous to suggest that there's terrorist attacks because there's a bad president it makes us think of terrorism incorrectly. >> i totally agree. it's dangerous and i also think it's incorrect.

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