g gemma godfrey joins us tonight from london. thank you for staying late, as always. >> thank you very much. >> two things that happened last week affecting the market, i think, this week. last week the ecb cut rates on thursday. then we had that very strong jobs report on friday. what do you see happening as we go into this new week here, gemma? >> well, the concern that's starting to eke out in terms of the ecb rate cut is the fact there was german opposition to this cut. the cut itself was maybe at best symbolic, at worst shambolic but it disincentivizes banks to lend. rates are already so low so it doesn't make much of a difference. what's coming to light now is germany opposed this rate cut. which means there's growing discourt in europe. in the next few weeks, european leaders have to sit down and hash out the strategy for how they're going to have structural reforms. these are reforms crucial to economically solidifying europe to coming out of the recession and actually have that greater tangible impact. >> it's a great po

quickly, before we go gemma, you don't think the ecb will cut rates on thursday, do you? >> i don't. >> i think that i remain acome dative. if they do, that would be a moderate surprise because only upside potential there. otherwise it's priced in the fact that the -- the possibility of them keeping rates on hold. >> we will see. >> we'll leigh it there. thanks everybody. >> thanks, erin. >> appreciate it. >> 50 minutes left in the trading session. it's been a calm trading day in the equity market just as rick was saying about the treasury markets. the dow up one point right now. >> and what about health care bill. obama care relying on young people to sign up to pay for the program and help the ouflt control costs of health care in america. how does that look so far? we've got an update next. >> speaking of young people have you heard about this new poll we conducted with the associated press? cnbc/ap poll finds 52% of people aged 18 to 34 those are the heaviest users, they feel twitter is not a good place to invest. really? so if twitter's core users don't even want to

gemma godfrey is live in london, and joins us now.o see you. >> hello. >> are 3% rates a bull market killer? >> well, 3% is the level that investors are looking at. but where most of the risk has been stored up is in emerging markets, especially the areas that have the highest foreign ownership. because when liquidity is withdrawn, the economies, if they haven't done enough in terms of actually looking domestically to support their markets, they are the most vulnerable. and the term that's being bounded around at the moment from the likes of morgan stanley is the fragile five. so that's indonesia, india, turkey, brazil, and south africa. and we saw from indonesia just today the third rise in rates since august. so we're talking about rising rates, and now there already is a problem of inflation. so i'd be very concerned and very cautious in the way i would trade this type of market. i wouldn't say it's about being a bull or a bear. but about being eagle-eyed and going in and being much more particular country-to-country within this ty

try to win the big problem that gemma jones lang la merkel had was that the usual coalition partner the pro business pro market free democrat party. didn't all secure enough votes to get into the polymer so she had to go out looking for other coalition partners in the same that were just too many of ideological differences with the greens enough for a month of colts a deal has been struck with the center left social democrats. but there were plenty of sticking points that as well amongst the module citizenship for immigrants the retirement age of the big ones were really taxes and wages in the end the center left social democrats of golf a key demand of a minimum wage of eight euros fifty now. that is something that angle america with it being very much applies to so that is a big concession for any given day. but her party the christian democrats have the have their way when it comes to taxes because the of the subtler form of higher taxes on the rich. but it has been agreed there will be no new taxes so it is not a done deal yet this is an agreement in principle but there are still mo

church the new welcome to the three bushels of the two radiant this is where the turkish youngsters gemma draft ha. most of the meals were twenty years on the noble comes to mind was. bought it at least that's what hurts too much time to call home. this is a book for you she said the system might relate to this topic should be launched an online phone texts to want to read i listened and two the entry from kazmir was amazingly musical. i knitted and also worked on the tags still on the fish sticks i was almost definitive news in the. excellent all round package i do when it's going to take part in a one shot ha topps was to rewrite the ride with the increase as racket. his eye. since music is really for everyone it's me interesting to combine sound. it's good to be like to do the right eye. it ends just like an extreme pulpit and the good ones and write them down i think the same orchestra plaintiff's claim to stand for. that was wonderful. the internet richard wright of the company's most of all crying with a new take on his appeal for peace and low points of the people to be new to the

of the show committee in austria and guilty or steal a teacher at the university of amsterdam and gemma nothing special but it's very cool to resources what creep of a common goal when the protection of natural cultural heritage they realized the need to implement section on them before conflict unfolds. so the pasta went to repair the damage has already begun we both know the work is the cost and inner peace with it is a portent of what took all the good enough to beat their response. make an assessment. she would dip into the van didn't even need your help when a previous visit. he and other international specialist took upon themselves to make another strike list of all the cool true heritage sites i miss it if that was the first of its current calling your skill that they are providing a service that of the heritage organizations cannot comedy film. because his favorites. it costs money we don't know that we are fitting that the gap and we hope that we will encourage them to take over part of our two kids. and do the work that has become an order of distinctions to be a soul which m

gemma these two biggest political parties. back at the negotiating table but trying to form a grand coalition following september's federal elections now they have imposed their own deadline the end of the month but both the conservative chancellor angela merkel and social democrat leader stephen and gabriella expressed guarded optimism. as a new round of talks got underway. over the weekend the two sides agreed on proposals to slow to skyrocket apartment rental prices. they also reportedly agreed on renewable energy policy with the knights were tapping sharply higher electricity bills. in our political correspondent simon young has been following all of those developments he joins us from our parliament re studios here in berlin's assignment what's come out of today's talks in particular when he mentioned today stewards focused on energy and transport and the seaside city democrats and conservatives have stayed dead the victim att with forming two minis in the g transformation policy that's the draw ways to get more when you

. >> in gir gemma aranasgoesm an e billion dollars art leak was broken by a german magazine a treasuretrove was fine among cans of food and rubbish. >> works by b picasso and m amp. a man described as a reclusive son of a art collector. here is the building that the collection was uncovered by german authorities. the collection is believed tobaccto beheld in a safe outsie this custom's office outside of mounic. munica oh. now wish collectors were forced to sell art works to at a greatly produced price or have them confiscated. as was the case of edward munich's "the ver scream ". some of the art has been at disputes as to the owner. and with art continuing to command a increasing value. it will be the long process to pick oufigure out who has not cd these master pose beeses piecese not been seen for decade. michael is back abou with sport. >> this has been going on for quite sometime. one day after male tol school ds suspended right chi incould go o after bullying martin. >> incognito centr sent countles threats through e-mail. the copies 67 679 of the messags been turned over to the n

terms as there can be deadly if the minister the rev it up to two to two to cause a loss over this gemma hadley co founder of close up da funk was up one of the signatories of the manifesto against. this bill for months and counting mitchell of the english collective of prostitutes and from the university of stockholm max of walton. it has been asking us this wednesday but why now why is this building brought up before the french from him at this particular time. one of the co sponsors socialist gets concrete and its points the station from the changed enormously. most people block is close to testing traffic it but not feel as a chance to see its modern slavery of people here comes my techniques in europe and china. people here come the twenty eighth to supply she should not be seen as criminals but to speak to us and the client the one buying is the one cutie cute. this tuesday if he remembers the practice. lawmakers say they're between twenty and forty thousand prostitutes and friends. again these are statistics that come from of the parliament. the committee came up with the bill eig