people like louis brandeis, felix frankfurter.here was a lot of anti-immigrant sentiment at the time, and i think that was part of it. brian: you spoken a lot about that. did you do a book on that? mr. snyder: i didn't, but it is like a book was the book here in "the house of truth." brian: who was sacco and who was vanzetti? this picture has vanzetti on the left. mr. snyder: they are to italian -- to italian -- two italian anarchists who are convicted outside of boston of robbery and murder of a paymaster. they killed the company's payroll database deal a company's payroll and kill the guard. -- they steal a company's payroll and kill the guard. the appeals process goes on for six years and the trial was in 1921. it causes all sorts of national and international attention. the communist party was deeply involved in the case. it wasn't until felix frankfurter decided to read the record for what he had read, and that the prosecution and not be on the up and up. he writes a very long article in "the atlantic monthly" about the case.

march joran frankfurter stayed friendly with the frankfurters. host: let's look at that house on 19th street. do you know who owns it now? guest: i don't know. i'm attempted to right a dear owner letter. host: do you know how many people lived in that house? guest: there's the sticker price. that's blue trim around the windows and door. it is a white and blue house now and it was red brick at the time. $1 funnyis worth to be 5 million? guest: i don't think it sold for that much money. i knew i didn't have that much money. host: let's go back to the original list of how people were back then so we can -- i want to ask you a question and see the age ranges from 212 up to 70. if you -- 22 up to 70. if you put all of them in that house today, how varied do you think their politics would be and what side would they be on in today's politics? guest: their politics were different. as i said, brandeis backed woodrow wilson, who was suspicious, more suspicious of a large federal government. borglum. and value entire leaves the taft administration as the h

i can pass around all of the on asked questions i have. .ut frankfurter while frankfurter in many ways brandeis, very, very different as a personality, very, very different in background. but was actually, for many, many years, actually paid by brandeis -- >> yes. >> to write and publish as a very progressive public intellectual and deputized by brandeis to get involved and andote the zionist movement the book recounts a fascinating story in which frankfurter negotiates a letter from the then king of saudi arabia saying the, you know, arabs favor balfour declaration and favor the creation of a jewish homeland, for which frankfurter took an outsized amount of credit, for whatever value it had. hist fair to say that devotion to design his of was more the nature of an assignment? >> yes, very much so. brandeisankfurter to -- your book recounts beautifully how unbelievably tight end they were to the administration of the presidents that appointed them and probably none of them were profoundly than felix given ther, i mean, long scope of fdr's tenure. you could probably say no one more prof

covering stories out of frankfurt, paris and washington.ou're the top stories -- here are the top stories. theresa may saying some eu officials have made threats to britain and once the brexit negotiations to fail. sterling moving on the news. vonnie: emmanuel macron and marine le pen face-off tonight in their final debate. our asset managers increasing european holdings with polls showing a 10 point macron lead? debt crisiss continues, the u.s. is dealing with its own debt headache. we will speak to an advisor to a top puerto rico bondholder as the island just misses a critical deadline. at where's have a look european equities are trading right now. little changed today asterisk rising to the 20 month high yesterday. gmm go is your functional. moving in the wake of theresa may's comments. we have had some data out of the eurozone and the u.k. which i will talk about. just want to talk about some earnings. the world's biggest maker of insulin shares up by 7% today. it's effort to cut costs starting to pay off. as it grapples with rising pr

the rest of the guys are here in frankfurt.going to talk to the vice president, the torque and itor, and ask him about the future of normalization. this is bloomberg. ♪ matt: welcome back to "bloomberg markets: european open." i am matt miller in frankfurt. i am here for the ecb in about 35 minutes. the european is going to start its financial stability review press conference. i'm going to go in and listen to what they think about growth and inflation for the eurozone, and then interview vitor constancio, the vice president, about monetary policy, and see if we can get any hint into a normalization is going to begin. freddie lait is with us on set in london alongside guy johnson, the chief investment officer and founder of latitude investment management. freddie, when you expect to be getting ecb normalization, and has it happened with the tapering from $80 billion to $60 billion in bond purchases? freddie: that is the million euro question, when they are going to start the more formal process, but it has already happened. doe

to continental europe to be within the eurozone , it is my opinion they go to frankfurt are he and weve to see that. it is my understanding london will remain a very important financial harbour for companies of europe. reporter: dominant or important? jens: we will see how it develops. i am a member of the german government. we want frankfurt to be, play an important role in financial operations and in the future, but i would say there is enough room for two or three in europe. london will of course remain important, very important financial harbour. reporter: banking brings balance sheet exposure. the financial crisis has taught many people around europe they are not the finances they want on their doorstep. jens: it is what regulation is for, and we have done a lot, implemented a lot in the past years to avoid what has happened in 2008 and 2009, the financial crisis. administration, the u.k. government, we actually promote that we should not have erased -- we should keep the higher spenders we implemented after the crisis. overlook and regulate something, if you can do it in a bette

. >> i know frankfurt's message to those banks yes, we're open for business. do you believe if and when emanuel macron wins the election on sunday, he may ramp up that offensive and that message may be more difficult to convey? >> we don't have a message for the banks who are thinking about relocating part of this, but that they know best what kind of decisions they want to do we continue influence their decisions whatsoever. they make their decisions. everybody is open for business. but that's how it should be. so, we're not trying to advertise or market our financial center. what we are really interested in is to avoid any cliff edge effects which could potentially come out of this. other wise we are just waiting for potential applications to go into either paris, dublin, amsterdam or frankfurt. we're not advertising our financial center. >> i hear your point. you're not trying to actively advertise for frankfurt, but why is it that so many banks that are speaking to you that come to the bundesbank to hear you out about the regulations they would be facing i

el dortmund, le ganÓ al frankfurt. barcelona. alexis sÁnchez abriÓ para los chelsea, pero al final, ganÓ el arsenal. despuÉs de levantar, josé mourinho, aprovecho para visitar las pruebas de mÓnaco. en mexicano sergio pÉrez, se clasificÓ sÉptimo y ya esta listo para el circuito de mÓnaco. mucha copa, mucha celebraciÓn, pero colonia debe estar feliz. presentador: para la despedida de hoy, tenemos una lecciÓn de humanidad . si saca a vaciar su mascota, tenga cuidado porque puede accidentarse. presentadora: , -- como acaba de ver, se distrajo y se dio contra un poste. [risas] buenas noches. locutor: lo mejores equipos viven aquÍ... juan carlos osorio, con lo mejor de la liga mexicana. encabezados por "el kaiser" rafa mÁrquez. y toda la legiÓn extranjera. ademÁs,

matt: actually, matt miller in frankfurt.dering about the sort of other internal challenges that iran faces as it enters these elections. what else is going on there? economy ish, the center stage here. very much, issues like inflation rising prices. we put together a chart here you can pull up on your bloomberg for the additional context in terms of where inflation was and where it is today. 30%, as high as 30%. that is down to 9% now. you are looking at stretched can sooner finance -- stretched consumer finance. the other thing we are watching is an employment. political ponder bloomberg. you can see we have crossed this with economic growth. stabilizing at 4%. we were in contraction not many years ago, and unemployment at 12.4%, even higher among youth. this is an offense a vote of confidence in hassan rouhani's policies. guy. very much indeed. fascinating coverage. fascinating story. live in tehran throughout the day with user. fantastic team on the ground doing great work. up next, deutsche bank's bid to dispel any doubt

making it to the final and coming back here with frankfurt is very special.spondent: the trip to berlin has become routine for them. >> you get used to the whole operation, the press conferences take place and how you train before the game. that gives you a degree of calmness. correspondent: that is something that dortman has been missing. speculation has surrounded the team. >> if you say it is his last game, you know more about it than we do. things like that in my personal situation are relevant to our preparations. i believe the squad is calm. correspondent: frankfurt will take inspiration from their improvement of the last 12 months. they face of the relegation playoff deceased day -- just to stay but now they are in the top spot. >> our city has been waiting for it. this will be the biggest game in my career so far. correspondent: even the old hands are getting excited for the final. anticipation is building in the capital. sara: speaking of intensity, wait until you get a look at this photo from the u.s. where a woman decided she was not going to stand

frankfurt, we have seen a similarthing. bigger. frankfurt, we have seen a similar thing.on's headquarters which nobody thought would happen. it hasn't quite played out the way we expected. thanks, dominic. good to see you. that's it from business live today. there will be more business news throughout the day on the bbc. see you soon. bye— bye. hello there. that exceptionally mild start to the day up and down the country. a lot of cloud around too and also some rain. you can see on the rainfall radar where most of it is across the south—west of england pushing into wales. this will continue to feed north and eastwards in towards northern england and the midlands as the day wears on. some dry weather to the south—east and also to the north—west once a band of showers moves through. by around the middle part of the afternoon it will be clearing eastern parts of scotland. so we should see a good deal of sunshine for northern ireland and sunshine in towards scotla nd ireland and sunshine in towards scotland too and temperature wise lower into the afternoon than what we starte

i am matt miller in frankfurt alongside manus cranny in london.ct did negatively for french futures, we are seeing our first french equities, weridge are seeing gains. equities in europe today, indexes up but the strongest gains are the major indexes are in france after the cac fell 1% yesterday in reaction to news that had been priced in, the win from emmanuel macron. let's get to nejra cehic with individual equity movers. nejra: starting with commerzbank rising after first-quarter net income beat. we've seen the stock rise as much as 3% in the session, heading for the highest close december 2015. up 1.7%. in the first quarter, commerzbank and a fitted from a rise in trading income. this is after it announced a strategy to scale back that business. is ono said commerzbank track with that turnaround strategy. we are talking about 9600 job cuts by the end of 2020 and the sale of its equity markets and -- commodities unit. trading did well in the first quarter. eon also gaining. the first quarter earnings report without cost related to whatuniper un

the german chancellor is talking about europe coming together and regulators are moving, then frankfurtould be banking rathere than some other city. is that possibly why he is so excited? i don't know. i think what he was trying to do in new york, he was pitching europe as an investment and the investment community in new york, and he was saying that europe is looking good. it is looking better than the u.s. has an investment opportunity. in terms of breakfast -- brexit, that will have ramifications. -- johnink john kline cryan is concerned it could have negative implications. if it was moved from london to frankfurt or the euro area, for that matter, it wouldn't be a good thing necessarily. it would benefit the euro but not necessarily the euro area. vonnie: what about his bank and 3000 early 300 -- retirees? >> it is a significant first step. the ceo said he wanted to reduce the workforce by 9600 people four years.t they haven't made much headway in that respect. they are saying, we are offering for you guys to go. it is a signal begin first step and i have heard from people inside th

when you say we are not promoting frankfurt as a financial center, we are not working against frankfurta financial center, but do not see it as the job of the central bank to promote one single center over the other, but to make sure we don't have a race to the bottom in regulation and supervision, and that we all work from the same, from the same platform. if should the banks relocate from london, or relocate to paris, i am willing to offer my good colleague in paris some of my staff in order to make sure that we don't go to a cliff edge effect or any other city, because what we really have to make sure is that this is not going to become a dangerous situation, but a situation which we manage on a european basis has two europeans. problemould it be a moving the european banking authority from canary wharf to someone else in europe -- somewhere else in europe? >> i think it will have to be moot because we are expecting a brexit, then the european banking authority cannot stay in canary wharf for much longer, but where it moves will be a critical decision, and central banks for sure don'

with the way that the negotiations have started, it is clear, we already have lobbyists from frankfurtd and you name it, trying to win business. on top of that, we have the kicking off of the euro denominated clearing debate, france being very local about -- of being very vocal about it. >> a slump in the auto industry in the u.s. showing no signs of letting up. declineshonda showing around 7% each. gm sales falling 6%. and chrysler around 6.6%. >> not good for the industry, but these are the three biggest players and they are all down, more than they had anticipated. definitely softness playing out. there are some bright sides, gm retail sales are up a little bit. there is not a lot to hang your hat on. car sales have been falling and suv sales making up for it and what we see today is there is not enough growth in the suvs to make up for the plunging auto sales. we have to watch the next few weeks to see how it plays out, but we are past the peak and we are in an industry on the downside of a plateau and maybe starting to contract. ♪ fox that might be trying to acquire tribute media.

that was the foreign editor, thomas gutschker, of the frankfurter allgemeine, speaking to me earlier.ys left until the general election on june 8th, let's cast our mind back 20 years ago today, when tony blair led the labour party to a landslide victory in the 1997 general election. but with the former prime minister today announcing his return to front line british politics, what is the legacy of tony blair, and what sort of impact can he make on the country in 2017? the prime minister shrugged off the prospect of tony blair returning to front line politics when she was asked whether she was quaking in her boots at a campaign event today. 0n the first point you make about tony blair... laughter. i think the best answer is this. i'm interested in conservative voices of the future, not labour voices of the past. with me is lance price, former director of communications for the labour party. a labour voice of the past. is it going to work? there is no doubt he isa going to work? there is no doubt he is a labour voice of the past. by saying that he wants to get stuck in again and get his

if you look at places like frankfurt and dublin, where they have operations already, they have operations lloyd blankfein's words we do not have the legal and regulatory heft that london has. london is a global financial centre and i think, frankly, the big winner if london loses some of our financial services trading into europe, will actually be new york. lots of people might move to new york rather than on to continental europe, because they do not have the breadth. the big message was we want to stay committed to london and europe, it is better for both sides if the trade deal between britain and the eu is as close to what the single market provides that the moment. cool market provides that the moment. cool. kamal ahmed, thank you. market provides that the moment. cool. kamalahmed, thank you. much appreciated. a great weekend. let's take a look at some of the other stories making the news. the oil price has fallen to a five—month low as investor concerns re—surface about a worldwide glut. during friday trading in asia, brent crude dropped to just a fraction over $47 a barrel. it mean

mark: records in london and frankfurt today. the stoxx 600 when just below that 20 month high. -- went just below that 20 month high. ere we getting pricey on th european stocks? members of the stoxx 600 trading at their highest valuations in the year relative to those on sci country index. equity funds seeing record inflows into europe today amid relief over the outcome of the french presidential election. equitiesan chase says will continue to pick up materially over the medium-term. this could drive a significant re-rating of the region. two mobile number phone carriers vodafone. shares of hypersensitive. -- carrier is vodafone. shares are up today. whilee a forecast releasing fourth-quarter results which were in line with analyst estimates. upwardon continuing movement -- the blue line from 2013. weak sterling, higher inflation. core inflation at 2.4%. post-brexit it is pushing up import prices. seemank of england doesn't in a hurry to tighten policy. vonnie: one more thing going on -- more controversy were president trump w

that was the foreign editor for the frankfurter allgemeine, thomas gutschker, who broke that story withpolitical correspondent, eleanor garnier. talks about talks. that is where they are at this stage and as you pointed out, the formal talks want to get going until after the general election, and we have the elections in france as well and render later this year elections in germany as well. this will make go down as the most prickly, the most and enjoyable, apparently of all time. i think this was a chance that theresa may and those key negotiators to talk about their opening positions, the opening negotiation positions. number ten have consistently said they don't recognise this account. the areas they disagree on, apparently, were interestingly, whether a trade deal could be done early, protecting the rights of eu and uk citizens as early asjune, and uk citizens as early asjune, and also the oil that britain must pay when it leaves the eu. i think the remarks from theresa may this afternoon, she was asked by journalists and it was pretty telling, she said it was just brussels gossip

el frankfurt es dÉcimo primero en la tabla en general. ahÍ la informaciÓn deportiva.es. ♪ ♪ locutor: ahora estÁ usted bien informado. su voz, su decisiÓn. ♪ ♪ ♪ locutor: hoy en sÁbado futbolero univisiÓn y udn te llevan a los escenarios donde se luchan los Últimos pasos a la liguilla. arrancamos en guanajuato donde la posibilidad de clasificar esa remota para leÓn, pero quiere darle una esperanza a su gente. por otro lado, cruz azul cierra una

inviting them for dennis in the attorney for taft and felix frankfurter who had been worki working. >>> we are pleased to have with us corey fields on to the complex elephant in the room the unexpected politics of african-american republicans. professor are you a republican? >> know i ano i am not.iv from the outside perspective. >> i would classify asas independent left-leaning but in a lot of ways it existed with my own politics and didn't really rise up to the surface in terms of getting people to talk to me but in some ways it actually made people more willing to open up like there was less return. so everybody knows everybody else. they've also created somebeing opportunities to. the idea grew out of an interest you wouldn't expect people like them to do and pursuing that more abstract line of thought like what is the case of somebody doing something you wouldn't expect them to do. with that, the idea was born. again the project itself didn't necessarily grow out of my policy. came to it as a little bit of ac outsider. what does that mean for someone like you doing something you'

matt miller reporting from frankfurt. vonnie: let's check in now on first word news. emma: and south korea, centrist korean presidential candidate has exceeded -- has accepted defeat. he has accepted the people's choice. liberal candidate has won the election ending nine years of conservative rule. former replace the president who was arrested in march. a group of retired u.s. military officers have asked james madison -- retired general james mattis to stand firm in defending climate change. he is -- they are being called president trump to hold it paris climate records. scentedtences have been -- life sentences had been given to the man who attacked a nightclub in turkey. that is according to turkey's state-run news agency. the islamic state claims -- claimed responsibility for that attack. in the u.k., companies are finding it harder and harder to find workers, and brexit maybe making it worse. that is according to the recruitment federation. lackeport warns that the of clarity about immigration rules is putting off some eu nationals from taking jobs in the u.k.. g

well. great boost for dublin, giving the fa ct great boost for dublin, giving the fact that berlin, frankfurtl vying for any movement of people to their cities. they are working extremely hard to lure them across. i've talked to some of the city organisers in these cities who are campaigning, literally, for financial staff to move. but in terms of ireland, it's quite interesting. before the referendum in the uk last year, many were saying that the irish were going to be the big, big winners and that people would just flood to ireland but that actually hasn't happened. what is interesting though, in my legal background, lots of lawyers have now qualified in ireland and registered to practise there. that has been a massive, massive uplift. for some professionals, actually, ireland has become the place.|j for some professionals, actually, ireland has become the place. i was there quite recently and a lot of local people are very worried about brexit because of its implications on business and employment. it isn't because they can just crossed the border. if their biggest trading partner. aspen p

an update on the market numbers for you — here's how london's and frankfurt ended the day.getting on. the new french president, emmanuel macron, has been meeting the german chancellor, angela merkel, in berlin this evening. it's president macron's first foreign visit since his inauguration yesterday. they've been giving a joint news conference in the past half hour. let's hearfrom them both — starting with angela merkel. translation: we have exchanged our views today and we have agreed that we are going to continue to work very closely together. for a start, i congratulated the president for his very courageous path that he is going to undertake and the pattern started jeering his electoral campaign andi started jeering his electoral campaign and i wish him all the very best of luck for his political future to make sure that france remains able to act and react. we know about the significance of the franco german relationship. it is historically a long established relationship and i personally, ifor one, am very much aware of the responsibility, at this critical point in ti

para el bdoorussia dortmund qu p despues de 3 finales perdidas se alzo con la fokal ante efraintr frankfurtos con imagenes del cementerio n i nacional de los angeles donde i niÑos colocaron tumbbanderas po dia de los caidos, mas noticias esta noche a las 11, 10 centro e en telemundo, bbnuenas noches. >>> (musica) [♪]

an update on the market numbers for you — here's how london's and frankfurt ended the day. in the the united states this is how the dow and the nasdaq are getting on. back to one of our top stories now. president trump has defended his "absolute right" to discuss sensitive material on terrorism and airline safety, at a meeting with russia's foreign minister last week. this afternoon he has been holding talks with turkey's president recep tayyip erdogan at the white house and afterwards he reiterated his commitment to fighting terrorism. we had a very successful meeting with the foreign minister of russia. our fight is against isis, as general mcmaster said, i thought he said, andi mcmaster said, i thought he said, and i know he feels, we had a great meeting with the foreign minister. we are going to have a lot of great success we are going to have a lot of great su ccess over we are going to have a lot of great success over the next coming years and we want to get as many to help fight terrorism as possible and that's one of the beautiful things happening with turkey. the r

an update on the market numbers for you — here's how london's and frankfurt ended the day.ed states this is how the dow and the nasdaq are getting on. let's hear more now from nasa on the plan to send a space probe closer to the sun than ever before. the probe will travel to within four million miles of the sun, into the star's outer atmosphere or corona, where it will face extreme temperatures and radiation levels. scientists on the project say they want to find out more about the sun's atmosphere and the stream of plasma and particles the sun emits into space: the solar probe is going to be the hottest, fastest, mission. i like to cool it the coolest hottest mission under the sun! we will be moving at blistering temperatures, we are going to go right up into the corona. as you have heard of the revolutionary work of doctor parker, from as far back as 1958, still we have not been able to answer these key questions. there has been so many nasa missions which have made tremendous advances. we've done so much would promote sensing and been inside the orbit of mercury, and we

frankfurt, dublin, luxembourg. the chasm between europe and the u.k., it is very clear.e trying to win business. top of that, we have a year denominated clearing debate. france is being very vocal. >> a slump in the u.s. auto industry shows no sign of letting up with sales at all six of the biggest carmakers falling again in april. ford and honda posted the steepest year of declines. gm sales fell on the 6%. chrysler fell 6.6%. >> it is not looking good for the whole industry. the three biggest players in the u.s. market are all down. they are all down more than analysts anticipated. definitely some softness playing out. there were a few bright spots. gm's retail sales were up a but there's not a lot to hang your hat on. there is not enough growth in suvs to make up for the plunging auto sales. we have to see how may and june play out, but it looks like we are past the peak in an industry that is on the downside of a plateau, and maybe starting to contract. >> now it is fox that may be trying to acquire tribune media. 21st century fox is teaming up with blackstone to out

we are already resident right now, we have a presence in dublin, frankfurt, france... a clear signal on implementation period after... we would like that. and we realise that this process is not being done to oui’ this process is not being done to our comfort or convenience. you have 7000 people in london. surely that will still be, by far, your biggest office in europe in ten years. strange things happen. what i am as confident about that statement as i am about anything else, given that there are things outside our control. —— buti there are things outside our control. —— but i am. the french presidential election is entering its last days before the final round of voting at the weekend. cadidates marine le pen and emmanuel macron have promised to bring renewal to french politics. one key issue throughout the campaign has been the economy. here's a reminder of the competing visions the candidates are trying to sell. emmanuel macron wants spending cuts of 60 billion euros, that's $66 billion, over five years — with a 50 billion euro stimulus package over the same peri

an update on the market numbers for you — here's how london's and frankfurt ended the day.both down. the ftse 500 and the dax both down. the nasdaq is also down. the us soldier, chelsea manning — who passed thousands of confidential documents to wikileaks — has been released from a military prison in kansas. she was expected to remain in jail until 2045, but barack obama commuted her sentence before he left the white house in january. our correspondent rajini vaidya nathan, who's at fort leavenworth, gave more details on the release. we got a statement from the us army singer chelsea manning had left fort leavenworth. she has not spoken publicly since the release. but she did tweeter picture this morning, showing her feet, did tweeter picture this morning, showing herfeet, wearing sneakers, with the caption, first steps of freedom. she also released a short statement, saying, after an anxious for months of waiting, the day has finally arrived. i am looking forward to so much. whatever is ahead of me is far more important than the past. of course, her supporters are celebrat

m has been very interesting since it leaked from the frankfurt newspaper about exactly what went on and who said what. it was absolutely like a dire situation. about hatred, and threats, and it was reported as terrible. the ft broke the story of the hundred billion amount of money. and it says it was triggered by reports yesterday that germany, france, and poland were pressing for britain to pay this bill on leaving the eu. there has been a claw back since. the people involved, some of them at that dinner, have been saying tonight that it is not going to be that steep. that she is an honourable woman playing a good game. words to that effect, anyway. and ameliorating the hostility and the intensity of the hostility. this is martin sa'u meyer, chief of staff tojunker. is martin sa'u meyer, chief of staff to junker. coming out is martin sa'u meyer, chief of staff tojunker. coming out with 100 billion euros and david davies says, well, that is their opening gambit, well, that is their opening gambit, we will anchor it to the other side. —— but selmire has come out and said that. he's tryin

correspondent: frankfurt will take inspiration from their improvement of the last 12 months.face of the relegation playoff deceased day -- just to stay but now they are in the top spot. >> o our city has been waiting r it. this will be the biggest game in my career so far. correspondent: even the old hands are getting excited for the final. anticipation is building in the capital. sara: speaking of intensity, wait until you get a look at this photo from the u.s. where a woman decided she was not going to stand around while the t tif stole h her car. she is p pumping petroll and a r jacker hops into the suv. she jumps onto the h hood off tt vehicle. she sasaid she tried t to follor gut i instinct and stop thehe bt -- the theft. a wild ride. donald trump will still not back the paris climate agreement. he broke ranks with other g7 leaders at a summit in italy but they did agree to combat terror. you're watching dw news live from berlin. thank you watching. i will see soon -- see you soon. -- thanks for watching. ♪ >> thank you for watching "france 24." it is 9:00 p.m. in the fr

nathans is recalling frankfurters. they have a use date of august 19th. the curtis beef master franks in one pound packages with a use by date of june 25th. be careful with that. really. >> accuweather forecast is looking better as the weekend progresses? >> there's not one day that's a wash out but at times showers could interrupt festivities outside. have a plan b. we have a couple of scattered showers this evening. they are long off the coast and getting a temporary break above. 69 in philadelphia right now. holding on to comfortable temperatures. 63 allentown and reading. at the shore, it's equally nice there as inland. the land breeze is not going to last that much longer. it shifts off of the ocean and remains that way as we get to sunday and monday. satellite and radar, you see the earlier showers long gone at this point. we have our eyes to the west. a bowling ball of energy in the atmosphere, severe storms south of chicago this afternoon. this continues to push east will weaken bringing clouds and scattered showers tomorrow afternoon. we see earl

frankfurt avenue and oor and ors street.econd victim, a 16-year-old was shot once in the shoulder. police tell us he's in stable condition. no word on the shooter or shooters or if the teens were targeted. the investigation is well under way. >>> today is the end of the memorial day weekend, 2017. it was a cloudy, cool day. that didn't stop the festivities. tonight, people are home after a long three days with family and friends. christie ileto is in center city. we begin with cecily tynan to see if the cloudy weather will clear up soon. hi, cecily. >> hi, sharrie. today the holiday chill, the high 64. 14-degrees below normal. we can have big swings, four of the past 12. temperatureswere in the 90s. satellite and radar showing, we had an easterly flow all day long keeping us socked in with the clouds. this is holding tight for tomorrow. showers working from the south, another system from the northwest. expect lots of clouds with drizzle and showers, perhaps thunderstorms late in the day. sunshine will be returning by the mid

frankfurt, dublin, luxembourg. the chasm between europe and the u.k.ow the negotiations started, i think it is very clear. we have places in dublin, luxembourg, you name it that are trying to win business. top of that, we have a year denominated clearing debate. france is being very vocal. >> a slump in the u.s. auto industry shows no sign of letting up with sales at all six of the biggest carmakers falling again in april. ford and honda posted the steepest year of declines. that was around 7% each. gm sales fell almost 6%. chrysler fell 6.6%. >> it is not looking good for the whole industry. yes, these are the three biggest players in the u.s. market are -- and they are all down. they are all down more than analysts anticipated. definitely some softness playing out. there were a few bright spots. you know gm's retail sales were , up a little but there's not a , lot to hang your hat on. been falling, and suv sales have been making up for it, and what we ian the -- what we see in the early numbers today is that there is not enough growth in s to make up

c sliding back -- the frank for dac -- the paris cac and frankfurt dax both sliding back.the midst of fierce military action against the islamic state group in mosul. mobile app startups inspired by the likes of uber and others, as the cash grab -- cash-strapped government is trying to encourage job creation in the private sector. catherine clifford has more. catherine: they can be ordered now with a smartphone. >> it is much better than having the hassle of checkpoints and traffic congestion. means "my the app mel." "my meal." ahmed: it includes a picture can disruption, and the price. catherine: a lack of clients connected the smartphones, the business is now worth over 90,000 euros and has eight bank employees. it is part of a growing app scen e in iraq. -- anotherired by company inspired by uber was launched in february, and it is geared to safety. >> if the driver is a registered unknown to us, we will call the driver. catherine: he aims to hire 50 new employers this year and expand to other cities. athletic these are creating jobs where they are badly needed. like th

paris and frankfurt, though, seeing overall indexes, investors looking at two meetings at the federalve later, in about a minute we will get the last meeting of the federal reserve. rochelle: we will move on, stephen. the price of oil has continued to rise. stephen: we're closer to a deal to expand cuts to supply to another nine months. ministers in ecuador support the plan. producers agreed last year to cap production in an effort to boost oil prices. the oil markets, international benchmark has risen .2% to over $54 a barrel. rochelle: next in the u.s., the white house has unveiled donald trump's budget, stephen. trillionit is a 4.1 dollar plan that includes massive cuts to spending on social welfare as well as reduction in taxes. it comes with a 10% boost in defense spending, already announced by donald trump, and $1.6 billion to fund the wall on the mexican border. also massive cuts to education and health care spending would eliminate the u.s. budget deficit in 10 years. the plan is likely to face fierce opposition on capitol hill, though, including from a public is good listen t

frankfurt, along with spain and italy. all indicated my little bit softer this morning.rio draghi his conviction that the extraordinary monetary policy stimulus is still needed. that's it from the daybreak team. european market opens up next ♪ welcome to bloomberg markets. the european open, we bring you the first trade of the day. i'm matt miller here in london. here's what we're watching. as the honeymoon over a shark st. louis fed and james bullard says, washington needs to deliver on policy expectations. dovish chipmaker also said rates are close to where they need to be. may on the defensive, poll suggests landslide and win for the uk's prime minister mena be in the cards. how investore

matt miller in frankfurt. we will be speaking to the commerzbank ceo later this morning. manus: voting is underway in south korea after a campaign dominated by scandal, trade disruption with the u.s., and growing worries about the unpredictable neighbor to the north. anna: shery ahn joins us from seoul. good to see you. what are you seeing on the ground? what are the key issues? shery: this is a holiday in south korea, but when it comes to what i have seen on the ground it has been busy heading to the polls. from very early in the morning, standing in line in election polls. we are hearing for the national election committee that voter turnout is around 56%. they are forecasting that it will be around 80% of eligible voters. course, intense interest. it is unprecedented, coming off from an historic ousting of the president, being dubbed by the korean media as a rosy election, coming in spring when roses bloom, instead of the usual december presidential election. a lot is hanging on the line in dealing with north korea. when i talked to a few voters outside polling station

just a little bit of a dip for paris, frankfurt, swiss market index. matt. matt: all right. taking a look at the imap for the stoxx 600. that is going to be far fewer stocks then the u.k., but you can see that most of the industry groups are down here. the only gainer is energy right now. let me click into the energy sector and see which gainers -- looks like everything in energy is raining, oil and gas, equipment. right now the only losers are some of the dutch and northern european companies. very interesting. the rest of europe basically down across the board right now, and the ftse obviously not trading. the swiss market is closed as well. the rest of them are down. manus: let's dig deeper into what is moving. you've got the kerry group up by 1.05% on the left-hand side. those are irish companies. agiers waiting to go through. let me refresh that. youooks like, as i say, have that moved to the upside. these are the movers on the upside. agies off by 4.75%. a good move lower. likewise with credit agricole, just treating softer. a big week for mario draghi. he goes in fron

this is bloomberg. ♪ ♪ 8:45 in london, 9:45 in frankfurt and paris.e top stories in the stock market this morning. marriage age -- nejra cehic. nejra: bp third-quarter profits easing investor concern about its ability to maintain dividend. we are seeing the stock rise 2.3%. the most in two months, but bp has been one of the worst performers among european oil majors this year. thing to note is net debt has risen to its highest level in at least a decade and gearing inching closer to the top end of its target range. not out of the woods, but today we are seeing bp a trade higher. aberdeen also higher after it outflowsook patch -- slowed. another company on the cusp of a arger is bayer on the cusp of $60 billion merger. we got news that monsanto has abandoned a deal with dear on concerns it wouldn't get u.s. objections. i am not drawing a line between that and the stock price today but thought it was worth showing. bear in mind that yesterday, bayer was ex dividend yesterday. guy: thank you, indeed. let's get a first word update. here is juliette saly.

say they have no confidence in the developer who recently won approval to renovate a building off frankfurt avenue. he owned swingers clubs in atlantic city and port richmond. the permit says the work is for a catering hall. committee members have heard that before. they issued a stop work order last year after workers reportedly removed the kitchen and added small rooms. >> he's going to find out what it's going to be used for for real because we can't trust him. >> we called the permit-holder but didn't hear back. they will keep an eye on construction and if the plans are changed, they'll order work stopped again. >>> today organizations in pennsylvania, new jersey, and. delaware want you to get out of your car and ride your bicycle to your office. it's national bike-to-work day. they say biking can improve your health, helps the environment, and, of course, doesn't cost mu much. >> you're a big biker. >> love it. love it. i was going to ride but didn't have a purple outfit. we're wearing purple for lupus awareness day. muggy for the bike ride. >> wow. if you're biking to work, take a pic

the ftse is up and the frankfurt dax is down. that's the markets just before midday.et's look at the day's other top news. airasia will set up a new budget airline in china through a joint venture agreement with everbright group and the country is set to overtake the u.s. next year. air passengers within china reached 487 million and asian shares represented 2%. uber's biggest rival in the u.s., lyft is making a push to self-driving vehicles. they're joining forces with googles unit. many firms in the sector are hoping such technology can work with their journey booking systems and is set to escalate a rivalry between waymo and uber who is on a court battle for self-driving technology. >> we'll puckle up for the story where drone technology could lead to flying cars? >> japan's group has been funding to dofrle the so-called sky drive car which uses joint technology and has three wheels and four votors and now has a major, major sponsor and that's toyota who announced it's giving 40 million yen, over 320,000 euros and sky drive is the world's smallest car at 1.2 meters

joining us out of frankfurt, the deutsche bank building behind him.here minutes away from the european open. we will talk about what impact volkswagen's numbers will have on its performance. we had surprise numbers from vw and allianz. is the market driven by earnings? we are waiting and watching very carefully for the fed. the market open eight minutes away and we will discuss that next. ♪ guy: a gloomy looking start to the day in london. markets are a little positive only up by one -- .1 of 1%. this is the insulin sector we are talking about. the q1 sales line beating expectations, we will keep an eye and see how this one works its way through. we will be watching volkswagen. i did not expect volkswagen this morning but a bit of surprise. it was nice to see. we will work our way through that one. the other one is e&p pair of a paribas.ir obnp the stock we understand looks like it should open fairly positively but there is a political risk that hangs over this stock. we do not know how the election is going to turn out. the polls so far predict that

couple days ago, i was in frankfurt for the financial stability review.cb council members who were present said they do see this european recovery. they don't deny it. but they're still concerned about certain risks. one of those was an abrupt rise in interest rates that would be very difficult for sustainability. what do you think about that possibility? does it even look like it's on the horizon? >> i don't think it's on the horizon, no. i think interest rates will stay low in europe for the meantime and in reality in business, the median term for this foreseeable future. don't see any change happening soon. >> what is that mean for the private equity industry? low interest rates on the side of the atlantic, possibly rising on the other side of the atlantic, there will be some relationship between the two. but private equity is an industry geared toward that an industry cycle. and that mirrors in some ways what happens with what central banks do. you say they are not going to rise very much in europe, what about the united states and will that have an i

police tell us that this man demanded money from a teller at the republic bank on frankfurt avenue yesterday afternoon. walnuts he got the -- once he got the money, investigators believe he took off in this red suv. police believe the man also robbed the same bank branch back in january. >>> 4:37. coming up, survivors story. these philadelphia police officers all cheated death. ahead, their bravery is creating a unique bond. >>> the future of tmi, three mile island, is up for auction. why the power plant is in trouble and what it means for 700 pennsylvania jobs. >>> trouble on the train. why a new jersey transit passenger had to ride within inches of this open door. >>> and take a live look outside. looking over boathouse row. still dark, but we're tracking light rain in areas and heavy rain in areas. we'll look at when it moves out and when the next round moves back in. >>> good morning, everyone. i'm first alert traffic reporter francesca ruscio. we're dealing with an accident in montgomery county, north wales, along county line road and stump road. it's taking out a lane. you might want t