frankfurt watching deutsche bank. what else are we watching? bad news for the banks. seeing figures in theresa may thatnment tells bloomberg they will not prioritize financial services in their brexit negotiations. ready for a hike? fed's loretta the chance for a rate hike is to live. r.b.i..or at the it's governor patel first decision remembers well that every member of the reserved banks has a vote as well. we're going to take you live to mumbai could were less than half an hour away from the european open. the fair value tech elation on my bloomberg told a fairly flat open here in europe, up less than .1% across the pc. deutsche, i'm looking at the trade day trade versus the close on friday. on trade gate, deutsche is going to open up around 1%. let's take you around the world and show you what is happening. the yen versus the dollar. the dollar is up. a bit of a ketchup move for the australian bond market -- a bit of a catch up move for the australian bond market. we will talk about the rba later . you are seeing

the largest eritrean community in germany lives in and around frankfurt.hese two women survived the perilous journey. simret abraham gave birth to her young daughter in italy, while still on the run. an ordeal she wouldn't want to repeat. >> never again. we fled because things were so bad for us in our homeland. but what we experienced during our trip was so awful that i wouldn't do it again. >> there are indications that members of the people-smuggling ring are posing as refugees and living in the frankfurt area. so far they've managed to avoid , detection by german authorities. so, for the human traffickers, it's business as usual. damien: living here in germany, i'm always struck by how the crimes of the nazis during world war ii, are more than just historical facts. the determination not to allow such atrocities to happen again, is very much a part of modern german political culture. but some europeans say germany still hasn't done enough to make up for the crimes of the past. particularly in greece, where the nazis committed terrible atrocities. to fi

where live in frankfurt with the details -- we are live in frankfurt with the details.loomberg. ♪ anna: welcome back. this is "countdown." manus: did know which show you on. anna: juliette saly is in hong kong. juliet. juliette: anna, thank you. searching in tokyo on news that it may be merging its pc business with lenovo's. .hares have traded higher a person with knowledge of the matter says it would take -- says lenovo would take a majority in the venture. credit suisse has agreed to pay $90 million for claims that he did not -- to reclassify assets with private banks. the banking regulator said within $1 billion were relabeled as being managed by the bank which generally generates higher -- credit suisse admitted wrongdoing. agreed to pay penalties by paying employees to misrepresent the assets. kfc and it's not -- and pizza hut -- because of anti-western sentiment after an international court rejected claims in the south china sea. yum plans to create the spinoff by the end of this month. manus: juliette, thank you very much. concern about the complexity of deutsche

still out here in frankfurt outside the ecb.e, 12:45 your time, we get the original statement from mario draghi. no expectation for policy changes coming from every single economist we have spoken to. nothing this time, but maybe december. there was a hint of that in the press conference. more quantitive easing, adding and extending it passed march 2017. then, will he make it easier for himself? will they allow themselves to bible of the deposit rate? remember, 40% -- just 40% -- of sovereign debt is currently trading above that. so much is left ineligible. will we see hints of quantitive easing and the calming down? though he say, look, will be formally this gus a taper -- will we formally discussed a tapering? officials were starting to think about what would happen, but generally the consensus is it gets extended for another six months. the interesting thing is how much banks have rallied in october, some 7.5% on the euro stoxx 50, because of hopes that the quantitive easing buying will make the yield curve that little bit st

i am alongside caroline hyde over in frankfurt. friday flash crash. falls as much as 6.1% against the dollar. will the ftse enter a bull market today? deutsche bank is said to be holding talks about its options including an asset management ipo. what will it take to restore confidence? and a spinoff, energy goes public, pricing at the top end of the range. in europe's biggest ipo. we will be speaking to the company ceo. isoline: the ftse 100 higher. the outperform or because of the flash crash of the pound. aversion to all about the great british pound once again. little bit talk a about what is going on with the

deutsche bank futures it is trading in frankfurt after a long holiday weekend. we'll ask michael fuchs about the government's position on the banks. ♪ francine: welcome to "the pulse." live from bloomberg's european headquarters. first thing is first. let's check on the markets. this is the picture. a huge scoop from bloomberg news on what theresa may will are want to do with the city of london. she is refusing to prioritize brexit talks. let's show you where the pound is. it is falling to the lowest against the dollar since 1985. we have had concern for some of the oil stocks. markets, we don't have them. let's get to the bloomberg first word news with nejra cehic. the cleveland fed president says a compelling case for the u.s. to raise rates. she was one of three officials who wanted to hike last month. she repeated her views that the fed's november meeting should be considered a live test should be considered live -- should be considered live for a rate decision. --t i want to be consistent >> i want to be consistent with our to medications. -- with our commu

hyde in frankfurt. going to have an interview with christine lagarde . that is across. -- that is it for us. >> anna edwards and manus cranny are next. this is bloomberg. [ emily kaldwin ] when you stole the throne, witch, you took away my strongest ally -- my father. but you didn't know me. ♪ you never thought i'd fight back. you don't know me. but you will. ♪ so it begins [ male announcer ] rated "m" for "mature." are set to release in one hour. the u.k.'s trade minister says global banks will lose passporting rights. labor abuses theresa may of seeking a banker's brexit. and elected to the board of the electronics unit. this, as it reports a 17% slump in profit, thanks to the note 7 drama.

i am guy johnson alongside caroline hyde who is in frankfurt. what are we watching? europe's taper tantrum. is the market miss reading the ecb's intentions? the physique hangs on the heads of history -- the ftse hangs on the edge of history. traders way a hard brexit. we are points away from a bizarre all-time high. gold loses its shine. who is responsible? the fed? jeffrey lacker? or the new governor of india's reserve bank? we are less than half an hour away from the european equity market open. we will spin you through what we've got in terms of the equity market. solid session yesterday. let's see what the fair value points are. londono stocks 650 -- looks like it is going to soften up a little bit. let's move you on and show you what is happening around the world. let me just fix what is happening. what we have got is a story of the markets yesterday at what we did get -- i want to throw your attention here into the commodities market. gold is stabilizing. we will come back to that story a little bit later. caroline, the store yesterday, gold has been driven by

i am alongside caroline hyde over in frankfurt. friday flash crash.alls as much as 6.1% against the dollar. will the ftse enter a bull market today? deutsche bank is said to be holding talks about its options including an asset management ipo. what will it take to restore confidence? and a spinoff, energy goes public, pricing at the top end of the range. in europe's biggest ipo. we will be speaking to the company ceo. isoline: the ftse 100 higher. the outperform or because of the flash crash of the pound. aversion to all about the great british pound once again. little bit talk a about what is going on with the fair value in what is happening with the pound. the pound having an impact around the world. and it will have an impact on the ftse. if there was ever a chart, there it is. the flash crash of the pound rippling around the world. you do not have the british pound sitting up your very often. down by 1.23%. that is where we are trading. seeill be interesting to how this ripples around the world because of the performance. we will find out whether

deutsche bank was back in action and frank -- frankfurt.res closed up one and a half percent to set -- despite no further details for settlement with the u.s. justice department. we have been seeing choppy trading on wall street. major indices trading below the flatlined is our -- this hour. .75%, in partt because of the imf issuing a lukewarm forecast for the global economy. the overall prediction of 3.1% growth remained unchanged from july. economies are expected to expand less than originally predicted. strong growth in emerging economies will offset the weakness. the imf raised its forecast for to 1.8% this year, but it said it expected it is like just one point 1% expansion next year. that is half of what it is predicted before they brexit referendum. the eu woulding have a very negative effect on the british economy. a lifeline issued for alstom. the french government has issued for enough trains to keep the embattled company open for now. the solution may only be temporary. go of a: letting historic locomotive legacy was not on the a

she is the in frankfurt, watching that story.ffrey yu is still with us in teh studio. -- in the studio. when you look at the threats hanging over the european banking sector, the late rate environment forces things a little more quickly. but really, there is a big political question here. for deutsche bank, it is the doj and the fine. but more broadly, the threat of legal action in the sector, that is something we have not moved on from. >> many of our clients are asking about this. it is a little bit of a value trap. this is not just in equities under certain parts of the capital structure as well. exacerbatesst things. the conversations our clients are having, if push comes to shove, not just their names being mentioned, but will this have implications for the banking establishment? italy is making the necessary injections into its own sector. germany will set an example here, but now they are the center of a crisis here. they will be many questions for the european council. manus: when you talk about bank valuations, they coul

here in frankfurt, i can tell you the accusations flying thick and fast. main one being that this is the united states waging economic war on germany. and i can tell you, a big fine here will be seen as politically toxic for angela merkel. get this. from her deputy this weekend, he said, "i don't know whether to laugh or be furious that a bank whose turned speculation into a business model is now complaing that it's now the victim of speculation. the message here, zero sympathy for deutsche bank and help this bank angela merkel at your peril." e botm line, guys, ultimate we need to see what the settlemen sum is. for "nightly busine report," i' julia chatterly in >> and today on cnbc, jp chase coe says he thinks deutsche bank will be fine. >> there is no reason they shouldn't get over its problems. they have capital play liquidity and we want all these banks to get through because it's better for everybody we move on and help do our jobs. >> the british pound sent reeling today to a 31-year low against the dollar and hitting e euro in three years after ther

the bank is behind me here in frankfurt, touching down on futures. slightly underperforming the rest of the market. we are seeing markets on the equity front looking a little more positive. the british pound, down by 0.4% this morning. again under pressure. 123.86. how will it trade through the week when we saw negative equity markets on friday. we are lucky to get a positive start this morning. let us get you caught up on what you need to know. deutsche bank's negotiations with the u.s. justice department to result a year-long investigation into the lenders handling of a mortgage-backed securities are continuing. earlier, germany's newspaper reported that john cryer was not able to reach an agreement with the doj. declinederson does -- to comment on the talks. adopted aesses have more cautious outlook and may be less inclined to invest and hire since the brexit vote. the lobby group is using its first quarterly survey since the referendum to call on the u.k. government to take steps to left confidence including approving new infrastructure projects.

>>,yhat type, i could officer for village of frankfurt, illinois. he says he was in the break room when he overheard a guy talking about this woman who need aid liver donor. >> i spent four years in marine corps. and learned there never to run away from anything. , i just said to my sef. hey can help i am going to help. keep in mind he never met heather. he got tested to see if he was compatible. when he fo time. >> whad lunch together. discussed what the whole process was going to be. >>id you buy at least? >> no here, bought. >> my gosh, this guy is amazing. >> yeah, he was as i remember. >> reporter: not long after they checked into the university of illinois hospital. the transplant, which involves removing about half of the donor's liver, wen off without a hitch. afterward. chris and heatheremained close. they got so close, in fact, he he had to be, really. i mean what's a wedding without a oom. and so it was, a year and a half after giving her part of his liver. she gave him all her heart. >> you are the most incredible man i have ever known.

the ecb wrapping up its two-day meeting in frankfurt. decision.t a policy caroline hyde is in frankfurt with the latest. caroline: it's like the weather in frankfurt. damp in 40 minutes. no known change, that's what whatever percent of the economists we spoke with believe. -- 100% of the economists we spoke with believe. boughtion euros of bonds passed march -- there's much hope in the market that they will make it easier to buy the debt out there. 40% of german debt is what you are able to buy at the moment. the rest is unavailable. the banks have been rallying in europe. up because of the belief that they will steepen the yield curve. miniwe had this strong taper tantrum. how did you navigate that today? notline: he says this is discussed by the governing council. that's what many of the analysts ,hink it goldman sachs, ubs because notably, they are trying to go up the potential of stimulus. on one side, you have the germans wanting to talk about the end of quantitative easing and tapering insight. -- in sight. with inflation will belo

mark: we are going to take you from washington to frankfurt. out of saudi arabia, the u.k. and wall street as well. british consumers are starting to feel brexit's bite. new data shows real wages are rising. we will get an economist take on whether this pressure will intensify. >> saudi arabia is looking to raise 17 and a half billion dollars in the world biggest on sale for an emerging market country. will it be enough to shore up finances? matt: and tomorrow is decision day for the european central bank. widely expected to keep its monetary policy steady but investors will be scouring mario draghi's remarks for any clues about future moves. left in theutes equity session, global macro movers, stocks rising for the second consecutive day. we have been in a narrow trading rate since july, trading range of just 18 points. the stoxx 600 is trading in a narrow range since 2014. is gauge of volatility slower in a month as well, but stocks are rising. and commodities, let's get on. let's talk about car for, the french retailer. stronger-than-expected growth in its home country,

followed by frankfurt logan germantown and fair montand zillo said analyzing home values proximity ofhomes and the crime rate. >>> the weather was absolutely perfect for the 69th annual newark parade in delaware and hundreds lined main street to check out the marching band with cool halloween costume and the fire department got in on the fun and following the parade local businesses opened their doors to the young trick-or-treaters action news sports sunday is next on channel six action news continues at 4:30 tomorrow with david murphy and karen rogers. >> and melissa magee and sarah bloomquist and walter perez and jamie apody i'm walter perez and have a great night and a great weekend. ♪ donald trump : i love the old days; you know what they used to do with guys like that when they were in a place like this? they'd be carried out on a stretcher, folks. and you can tell them to go f--- themselves! i could stand in the middle of 5th avenue and shoot somebody and i wouldn't lose any voters, okay? it's like incredible. when mexico sends its people, they're bringing drugs, they're bringin

i am alongside caroline hyde who is in frankfurt. here is what we are watching. a bad time for the pound. we approach the crucial moments of trade for sterling. later we're going to speak to the could chancellor just to the chancellor, philip hammond. -- its first profit decline since 2009. worse, brexit turbulence is still to come. twitter tanks. a know from google means from twitter? it is going to develop with the gmm -- let's start off with the future story. the fair value 22 art a positive start -- fair value pointing toward a positive start. this is how the market is pivoting. it really is being rippled across all of the asset classes. a positive start expected in europe. we did not move very much yesterday despite that solid data. we work our way toward that payroll number. tomorrow we may start to see some movement if we get a decent figure. everything is down but the dollar. the aussie -- the aussie down. , they are allona trading lower against the u.s. dollar. we are expecting a positive story from the u.s. a little bit later on. today.ims number is the

i'm guy johnson, alongside caroline hyde in frankfurt. what are we watching? create heating up. -- crude heating up. the oil story holding your a 15 month high. this is the russian and saudis close to jointly limiting production. we will take you to that meeting live in istanbul later in the program. ryan walks away. the highest-ranking republican says he will not campaign for trump following his crude comments about women. an nbc poll puts hillary clinton 14 point ahead. can trump find a way back? and total recall. samsung demands carriers stop selling its galaxy note 7 smartphone. $13 billion has been wiped off its market cap overnight. but is there more to come? caroline: we saw technology shares trek we saw technology shares trek lower, shoving down the asian market. we're seeing it having the worst day in a month, and it looks like it will trek lower in europe. clear risk aversion on the euro stoxx 50, even as the oil tracks higher. sis there the possibility of a fed hikes sooner rather than later? guy: the ftse 100 is loaded up with oil stocks -- does th

german electric utilities trading in began frankfurt.s opened more than 3.5% above the offered price. ceoline hyde spoke to the who said despite a strong debut, he expected volatility. >> the first quotes they came out, good confirmation of how the market values it. in the first days, see a lot of trading were people will hedge their books. so far, it holds up. i think is a very good sign because we have oppressed the market. the market is stable on that level. we are not disappointing any of our first investors. are you expecting them to sell off more after the six-month lockup? >> yes, but not immediately. rwe has a lot of provisions with a very long maturity. therefore, shares like innogy are there most superb financial flexibility, years if not decades to come. i think it is good for rwe and for innogy. having one stable shareholder for a company of such a size is a comfortable position to be in. caroline: it is interesting you are waving goodbye to that company. is it a shrinking business model? is this the future? >> no. we have ma

nejra: caroline hyde in frankfurt, thank you.ing up in today's battle of the charts, germany and france and spain. this is bloomberg. ♪ >> it is time now for our global battle of the charts. we take a look at some of the most telling charts of the day and what they mean for investors. we are running the function featured at the bottom of your screen. i say we but today i just mean and and nejra cehic -- joe nejra cehic. interesting things about what is going on in euro politics. the white line is the spread between italian 10 year government debt and german government debt. spanish 10 year yields for germany, being the risk for the benchmark in europe, you can see the lines have moved together until recently. the white line has been rising ahead of anxiety about that. concerns over whether they will conform to the constitutional process, lots of anxiety in italy. supply, thato spread rising in spain. today, spain is looking at another election but nothing specific that would get people anxious so you can see that gulf start to sp

mark: we will take you from new york to frankfurt. we will cover stories out of brussels, the u.k., in washington in the next hour. here is what we are watching today. mario draghi signals the ecb probably will not stop the program without tapering its first. we will dig into the comments and all of the market reaction, next. pullingpostdebate tells us hillary clinton came out on top. we have highlights as well as a loophole on who the republicans want to be decent interface of the party -- the center ice of the party. mark: we are under 30 minutes away from the end of the first day session. global movers is your function. we had a soaring of assets during the mario draghi q&a or during the testimony because initially he said we did not discuss tapering or extending, but that that pushed the euro reversend then the happened when he set an abrupt unlikely,chases is suggesting the box program will be extended when it comes to its conclusion in march 2017. stocks are rising. by half of 1%, the lowest level since march. these are the bond

frankfurt is hoping for bankers to come over. of banking done in london is done on e.u.w many jobs can disappear from the city. the entire banking industry is consolidating. when will we know? does it take three years, five years, 10 years? we had a great story saying that the beneficial country, or city in this would be new york, not frankfurt. article 50 will be triggered before march of next year and then we have a period two more years according to the treaty in which the negotiations have to be finalized. if not, they might be extended. signedt get a treaty that brexit will become 2022.ive in it will take many more years. like simon said, that might be a possibility. i would stick to the 20% to 30% of business depending on e.u. passporting. be done by continental europe, not from new york. francine: what about pound, have we found a floor tackle see the currency going up. were notose forecasts set in stone. goldman sachs said they have not reached a floor. michael: thanks to simon kennedy who heads up our brexit coverage. at 12:40, bloomberg's erik schatzker since d

the largest eritrean community in g germany lives in and around frankfurt. women survived the perilous journey. simret abraham gave birth to her young daughter in italy, while still on the run. an ordeal she wouldn't want to repeat. >> never again. we fled because things were so bad for us in our homeland. but what we experienced during our trip was so awful that i wouldn't do it again. >> there are indications that members of the people-smuggling ring are posing as refugees and living in the frankfurt area. so far they've managed to avoid , detection by german authorities. so, for the human traffickers, it's business as usual. damien: living here in germany, i'm always struck by how the crimes of the nazis during world war ii, are more than just historical facts. the determination not to allow such atrocities to happen again, is very much a part of modern german political culture. but some europeans say germany still hasn't done enough to make up for the crimes of the past. particularly in greece, where the nazis committed terrible atrocities. to find out m

they also operate daily service between denver and frankfurt. just in time for october 1. online salaries pay scale cheyenne, wyoming in canyon city colorado named among the best cities to live on less than $40,000 year. the sales calls kanye and city that's a destination for adventures like folks who want to go across the royal gorge there and they want to spend the hiking near the arkansas river. other cities include cleveland and fort walton beach, florida. happening today people all over the country celebrating columbus day. here in denver we celebrated indigenous peoples day denver city council voted to change the holidays name last week the move is meant to recognize native americans and the role they played in denver is development. boulder chose to claim to indigenous peoples day vermont and south dakota also called the holiday by the new name. budding photojournalist have their very own cameras things to a nonprofit called pictures of hope. the salvation army tested for homeless kids that in denver i got to be part of it as a mentor. the kids write down their hope

paul gordon in frankfurt. stephen king. first of all, good job getting the scoop in frankfurt. what does that tell us? paul: the real report. what does it tell us? is an important aspect to distinguish but the ecb is thinking of doing and when it is thinking of doing it. the clear thinking and informal discussion among councilmembers at the moment is that tapering is the way out of the current bond buying program. when it decides to bring it to an end, it will not do it in one , they could taper by 10 billion euros a month. issue is that when it starts doing that, because that is not decided. they say they will continue stimulus as long as needed. you have the bond scare issues to deal with which is important. could run through march 2017 or longer. what do you read about this? on earlieronomist say that it had failed but is that too harsh? that is too harsh. there is the issue about running out of bonds, which is not particularly helpful. but i would argue that the short one problem, currently is something that both growth in the eurozone is too low. i think it is all hands on

annette is in frankfurt. good news for deutsche bank. a lot of people were anticipating a loss.e didn't see that. >> that's completely true. that's what we haveeen hearing from wall street lenders as well. that the debt rating was going very well. if you know that deutsche bank is big in that business, you could have anticipated a little bit that the results would actually not be as bad as some people would have thought. so the strategy, which is more important for the lender, i'm joined by the professor of the house of finance here at the university in frankfurt. thank you very much for joining us. >> pleasure. >> let us talk about the strategy for deutsche. the bank is in restructuring mode, currently the earnings look quite okay. what's the vision for the lgts? >> that long-term? >> that's the question that interests all of us. the results are reassuring, that this one-off event has not yet grown, has not become more important or worse, the concerns of the doj settlement in particular. nothing new on that front which is good news. other than that, this profit number doesn't t

reporter: it was a roller coaster ride for the share price on the frankfurt stock exchange. shortly after opening it drop significantly. the share price fell below 10 euros. analysts spoke of a selloff. it became news, ending 6% over the previous day's close. germany's biggest lender had put aside 5 billion euros for litigation costs, but only half of that was intended for the american mortgage scandal. that means the bank has to come up with 2.5 billion euros. they are far from being sold. that is because it is questionable if they can raise the money on its own. it is similar to the downfall of lehman brothers. similar consequences are seen as unlikely by analysts. this isn't a crisis similar to lehman brothers because authorities, regulators, and a bank like this cannot default because it is relevant to the system. it has to solve its problems. the german government says a taxpayer-funded solution is near. >> let's cross over to our markets man in new york. as a, the reports about this settlement with u.s. authorities are unconfirmed. still, investors seem to buy it. repo

. >> shares of deutsche bank managed to rise in frankfurt on tuesday after several major clients voiced support. the bank is trying to reduce $14 billion in fines to mandate from the department of justice selling toxic mortgage backed securities. the ceo jean-claude juncker will be there and hopes to find agreement for a reduction. let's check in with wall street now. he is standing by for us. jose, deutsche bank is reported to have the largest real estate book. could it not get even worse for the bank with that exposure? we apologize for that. we seem to have some technical problems. let's move on now to google. it has unveiled a of smartphones as part of its push to put -- sell its own hardware. they will be sold in two sizes. it features a powerful camera and long-lasting battery, a direct challenge to apple's iphone. google also showed off a new virtual headset and new wi-fi. we have been tracking the story. good to have you with this, aaron. google is jumping into this. what are they trying to achieve? >> they are borrowing of play from the apple playbook. apple is able to control

we are joined from outside the bank's headquarters in frankfurt.hat a busy week for deutsche bank. >> reporter: absolutely. there's a sense and long determined push by the deutsche bank execs to come to some kind of settlement with the department of justice as soon as possible. i think the hope from investors is that this is less even than the 5.4 billion dollars that lifted the abr markets with the u.s. in friday's session. remember under german law, if that sum has been agreed, deutsche bank would have announced it almost instantly. so you have to assume that the negotiations are ongoing. and deutsche bank execs are in washington for the imf meeting. so at least the geography works. but guys, i can tell you there were spicy headlines here over the weekend. one, in particular, the united states declaring economic war on germany. and guys, i have to say, if you look at some of the other settlements made with big banks on the mortgage-related issue, then you have to wonder about the mathematics to show you the numbers. goldman sachs just over $5 bil

for more on this, we bring in nick from frankfurt, and steven from london. nick, let's begin with you and run through the deutsche bank numbers quickly. nick: yes, we saw a real surprise on the debt trading figures, especially, a 14 cent rise. it's a much better result than we expected. we were down 8% on the estimates that we gathered. so clearly since they have been benefiting from what we saw in the wider markets, some of the concerns about them losing their franchise were possibly unjustified, but nonetheless, i mean, in other businesses, in the equities business, wealth management, there was a lot of concern about deutsche bank, and they had outflows. they had poor performances because of this worry around the department of justice settlement and the huge storm that was raging around them in september and october. we heard from market sharing, the c.f.o., that liquidity has stabilized. it's back where it was, but it must be a pretty painful couple of weeks in which they speak to clients and reassure a lot of clients. alix: twitter is out with earnings,

germany, but currently, chinese investors are negotiating several firms, including a private bank in frankfurt. there was controversy surrounding the takeover of a robot manufacturer. beijing wants chinese companies to invest 150 million euros abroad to become a high-tech giant by 2025. guest: from tech takeovers to you, brent. brent: thank you very much. you are watching dw news live from berlin. as iraqi forces fight to drive islamic state out of muzzled, one christian town nearby is celebrating its newfound freedom , remembering the horrors it faced under the jihadists control. and the fate of a russian website helping day, bisexual and transsexual teenagers hangs in the balance after the blacklisted the site. we will have that story and more in one minute. brent: welcome back. you are with dw news live from berlin. your other top stories. authorities in the french port city of calais are clearing the migrant camp known as the jungle , shattering the dreams of those hoping to make it to britain. they are now being taken to official centers around france where they can apply for asylum or re

germany is changing their labor laws to make frankfurt a more financial hub. the changes include imposing an upper salary limit on employee protections on 150,000 euros that could affect redundancy terms. they have responded to say there are no concrete plans to change the law and the finance ministry declined to talk about the plans. >>> we'll talk about global bond funds that attracted 11.4 billion in inflows bythis highlighted the surge in global bond yields. meantime, it does seem the investor appetite is falling for gilt. they surged last week briefly above 1%. the sterling tumbled to a 31-year low. and we are seeing the ten-year gilt yield at 0.99%. why are we seeing this, because of the depreciating sterling, or the current account deficit of 6%? what is it? >> i would say all of it. we have heard samsung call out volatility implication. if you remember the film "spinal tap" where they managed to turn it up to 11, it feels like that. when you get these kind of bad impacts on markets, liquidity can be poor. they are trying to take a lot of gilt out of th

frankfurt rose slightly.eanwhile there's no with american authorities to pay the fine issued a few weeks ago. plungedshares have nearly 20% of the website reported that disney, google and were not interested in a takeover. be sales force is thought to the only potential buyer now. for formal asked bids over the next two weeks. for thell from grace american start-up seranos, which promised to revolutionize blood tests by using a finger prick. they have said they would close offr clinical labs and lay more than 300 employees, after questionedregulators the accuracy of the technology. peak, it made elizabeth self-madeyoungest female billionaire ever. the u.s. presidential candidate toald trump has pledged bring long lost american manufacturing jobs back from too late.he may be at least one chinese company that makes shoes for his movingr is among those production to africa. >> the u.s. presidential trump, hasdonald frequently accused beijing of stealing millions of american what he calls unfair trade practices a

caroline hyde is live outside the ecb in frankfurt. are not looking for any stimulus right now. caroline: the rain poured down in hamburg -- frank for it. nothing is expected, not one single economist thinks today is the day for more stimulus. be why.december will inflation forecasts from the ecb and the outlook for growth, that is when they can determine crucially where they feel the need is. it is likely to be extended. still buying 80 billion euros per month. send the abbvie three months by six months. that is the anticipation through december. the key question is whether they tinker. are they allowed to i more, perhaps increase the amount they are allowed to buy. and at the less moment, the yields are so low across the board despite the selloff in bonds is late. , 40%f their sovereign debt above minus 0.4% in yield. we start to see the banks do rather well. notably the banks that have ramped up on the stoxx 50. maybe if they allow bonds to be bought below that negative deposit rate or maybe that will help steepen the yield curve an

i'm guy johnson, alongside caroline hyde in frankfurt. what are we watching?ing up. -- crude heating up. the oil story holding your a 15 month high. this is the russian and saudis close to jointly limiting production. we will take you to that meeting live in istanbul later in the program. ryan walks away. the highest-ranking republican says he will not campaign for

he plead not guilty to charges death early sunday morning in a parking lot at west 6th and frankfurt. that's right there in the warehouse district. an off-duty officer saw them in the parking lot. police say appling had his hands in the air and robinson struck the victim in the chest and stomach and then ran off. the off-duty officer chased him down. >> tia: not one, not two, we are report just this morning. the first one was at the boost mobile store on lorain avenue. a dark blue mini van with temporary tags was left at the scene. clearly all smashed up. police are looking for a beige mini van. that's what three men were reported leaving in from that scene. then a second smash and grab happened at the family dollar. this is on pearl road. again, a blue mini van was left at the scene. here, they got away with the a.t.m. then a third smash and grab was 222 and euclid, in euclid. the suspects led police on a chase. cleveland police tracked them down to east 161st and damon. that makes 41 -- yes, 41 smash and grabs in the area since january 1. >> brian: that's something else. all right.

anna: we are joined by senior european economic correspondent jeff black in frankfurt.ely is a downgrade for portugal today? still clinging onto investment grace? >> good morning. you just heard from mario draghi giving the portuguese government pretty strong endorsements on their reform efforts over the last few years and since they have exited their bailout program. on the face of it, it is not terribly likely and dbrs have made encouraging voices about put the portuguese efforts in recent months as well, but i first parted in the of the ecb president's remarks, the consequences if something does happen or down the line if the portuguese government takes its foot off the pedal are pretty serious. anna: the consequences could be serious. we heard one of them from mary a drug he himself. i expected one -- from mario draghi himself. he thinks the ecb would find a way to still by portuguese paper, but mario draghi set out a seriousness in the short-term yesterday, didn't he? >> i think we do not want to get to that sort of situation where the ecb would have to make some p

in frankfurt watching deutsche bank.e watching? bad news for the banks. seeing figures in theresa may thatnment tells bloomberg they will not prioritize financial services in their brexit negotiations. ready for a hike? fed's loretta mester tells us

. >> paris, frankfurt, and dublin are all hoping to woo businesses . campaigners in the french capital say that it is located within three hours of many european capitals. rent in the business district is also three times cheaper than it is in london. the french government has promised to unveil measures to boost the city's popularity. assistance in remake kidding employees. even offering to handle paperwork in english so even the jokes translate. claire: a bit of fun before you go, will. people in the u.s. joined a treasure hunt for, of all things, pennies. >> allie financial services has hill that has hid 100 in 10 u.s. cities, also said to be in plain sight. if you are lucky enough to find one, you can cash it in for thousand dollars the point of this marketing stunt is simply that every cent matters. claire: could look to those on the treasure hunt. thank you very much, will, for taking us through the business news. now it is time or the press review. -- now it is time for the press review. join me now to take a look at the international headlines