exports any longer so really in the long run it will actually germany it will damage the german economy because of the no one in europe will be able to buy their cars and their manufactured items so really some germans are already beginning recognize this professor bernard luck in germany has established a political party saying that germany should leave the euro because he's on balancing the whole single comments egypt a strong economy like germany being at the center of euro zone and of course in the long run election really helped the german economy by accepting because of course he allowed the other countries in the euro zone to grow again and then they'll be able to afford to buy the german exports so in the long run you'll actually be in germany's. interests to exit the single currency because the moment is just destroying everybody else robert thanks take the time here with us tonight robert oulds there from the group think tank thank you my pleasure. force feeding inmates at the guantanamo bay prison is torture and breaks international law but the united nations labeled the trea

after starting the year weekly, the german economy looks set to gather momentum with consumer and business confidence on the rise. that is according to new data out today from the ifo institute and the government. german confidence rose unexpectedly in may. it is at its highest level since 2000 spending with strong consumer spending driving economic growth. >> the figure suggests german consumers are spending money because they feel the country is doing well, so there's no harm in a tree. consumer confidence is at its highest in six years. the may index shows consumer confidence has grown again. >> that is because employment levels are still stabilize in germany. and wage agreements mean many employees are counting on a pay rise. >> private consumers are not the only optimists in germany. the mood among business executives seems to have frightened as well. after contracting for two months in a row, the business climate index rose unexpectedly in may. the index is considered the most important early indicator for german economic development. it is drawn up from monthly surveys of 7000 busin

after starting the year weekly, the german economy looks set to gather momentum with consumer and business confidence on the rise. that is according to new data out today from the ifo institute and the government. german confidence rose unexpectedly in may. it is at its highest level since 2000 spending with strong consumer spending driving economic growth. >> the figure suggests german consumers are spending money because they feel the country is doing well, so there's no harm in a tree. consumer confidence is at its highest in six years. the may index shows consumer confidence has grown again. >> that is because employment levels are still stabilize in germany. and wage agreements mean many employees are counting on a pay rise. >> private consumers are not the only optimists in germany. the mood among business executives seems to have frightened as well. after contracting for two months in a row, the business climate index rose unexpectedly in may. the index is considered the most important early indicator for german economic development. it is drawn up from monthly surveys of 7000 busin

peter, can you put these figures into context of the german economy as a whole? >> the first thing to mention is that the german economy is at this point in time still pretty robust. with unemployment running about 7%, that is pretty favorable in comparison. what we've seen in recent times is a growing wealth gap, which means those at the top of the spectrum are doing better and better, and those further down are increasingly struggling. it is estimated that currently about one in five of the workforce are in the low wage or the very low wage sector. many of them are short-term contracts. that means that so many of them are not actually earning a living wage, and the important point is this is very new for germany, which is after all a country which was until very recently so proud of having what it calls a social market economy, and inclusive model where everyone in theory at least gets a fair deal. that is clearly no longer the case. the opposition saying the answer to this is a national minimum wage. they are asking why germany's neighbors and most industriali

. >> poland has had strong growth all the polish economy is closely linked to the german economy, and if the german economy declines, it will be bad news for poland but poland has had a very good five years, it didn't have a recession. >> the polish prime minister gave an extraordinary speech. this is a conservative who said britain is in danger of becoming irrelevant if it doesn't jump into europe more if you recally. since he is your husband, i was wondering do you agree with him? >> yes, actually, i do agree with him. i think that britain has the opportunity still to be a leading power inside europe and because of the particular nature of the tory party and because of the nature of the argument, it is at risk of limit nating itself. it britain is going to spend the next two or three years renegotiating its relationship with europe rather than taking part in the central debates everybody else cares about, it will be irrelevant. it's certainly not irrelevant now, but it's already close to making itself less important. what other europeans are talking about is not what britain is talk

yesterday, very disappointing economic data from china, which are really very relevant for the german economy. >> and a case of old hat-new had at the world's biggest consumer goods firm. >> yes, the consumer giant procter and gamble took investors by surprise. the company will announce the return of the former ceo to replace bob macdonald, effective immediately, sending shares down more than 3% because it comes in the midst of major reconstruction. the company tried to play down the switch, but traders are really very nervous. they fear that a bigger problem might be behind this sudden switch. looking at general markets, which are now in not such a good mood today, the german dax is down almost 1%. the euro stoxx 50 down 0.75%. the dow down as well. only the euro is a little bit on the upside. >> coming up, looking at the situation in syria as the opposition discusses joining peace talks with the opposition government. >> first, explosions and gunfire have rocked downtown kabul, and the taliban have claimed responsibility. at least two blasts sent smoke billowing out of the capital. witnesse

. >> -- the german economy. >> the germans have a pretty good, but there were may day demonstrations today. what can you tell us about those? >> there are demonstrations every year on the labor day here the mood has not been -- on labor day. the unions do warn about the growing gap between the rich and the poor. they are worried about low wages. they are worried that people are not saving enough money for old age. that is a growing problem. there are concerns, but the mood is relatively peaceful today on the streets of berlin at least. >> union leaders here and across europe are calling for an end to austerity measures. can we expect chancellor merkel to hold the course on that? >> she has a lot of pressure from opposition parties and from her european partners. we have seen the new prime minister of italy meeting with the president of paris today. angela merkel believes growth is compatible with austerity. she thinks that is the message that german voters want to hear pierce she will not budge from that in the run-up to the elections -- to hear. she will not budge from that in the r

suffering economically and has unemployment rising we're seeing a separation between the french and german economies so cutting interest rates by these small amount won't actually really make much difference we need a vatican change of policy within the e.u. to to bring about economic growth eventually the will have to be a breakup of the euro that's the only way to restore economic growth it's the only way to get people back to work if they can have their common seize depreciate and of course that the new tape instance adore each market that were to be returned that would then increase in value and that would help the disparities within the eurozone which has been created largely by the single currency to need to be a vertical change of course unemployment will just keep on going up. meanwhile disintegrating a quantum raised in the most debt burden to countries of europe forcing some people to resort to extremes artie's put all of our discover some. portugal is certainly beautiful but its current financial woes are making it a living hell for some with one portuguese man claiming that the crisis ha

suffering economically and has unemployment rising we're seeing a separation between the french and german economies so cutting interest rates by these small amount won't actually really make much difference we need a vatican change of policy within the e.u. to to bring about economic growth eventually the will have to be a breakup of the euro that's the only way to restore economic growth it's the only way to get people back to work if they can have their common seize depreciate and of course that the the new of tapering since the door each market that were to be returned that would then increase in in value and that would help the the disparities within the eurozone which has been created largely by the single currency to need to be a vatican change of course unemployment will just keep on going up. we could smell a rat in their daily meals online would tell you how hundreds of people have been listed in china for involvement in meat related crimes including the production of fake beef and mutton from animals such as rodents and foxes more details dot com. click away sell or sell off. more than a

also suffering economic unemployment rising we're seeing a separation between the french and german economies so cutting interest rates by this small amount to no point five percent won't actually really make much difference we need a vatican change of policy within the e.u. to to bring about economic growth eventually the will have to be a breakup of the euro that's the only way to restore economic growth it's the only way to get people back to work if they can have their common seize depreciate and of course that the new tape instance that which market that were to be returned that would then increase in in value and that would help the the disparities within the eurozone which has been created largely by the single currency to need to be a vertical change of course and women will just keep on going up. force feeding inmates at the guantanamo bay prison is torture and breaks international law that's how the united nations labeled treatment of detainees a facility as many as twenty three prisoners are not being forced to eat through. the noise for detainee say that as many as one hundred thi

>> well, europe is weak, they have difficult prospects for recovery, german economy is starting to losee of its edge, it has been fighting off recession, french economy looks like it is tipping over, italy has a lot of political problems. >> i think that euro is a balloon that has been slowly pricked and the air is -- has not run out yet -- but slowy. >> yes, they have big problems, two things, that i'll add to robert's list, corruption, and the actual off th as terty prog, they are 54l poorly directed, governments have not down sized at all yet. a lot of this is going on in new york state, we have a huge corruption scandal, too were debt, it similar problem here. neil: you know, interesting. the worse things look over there the better things are for us here, it has always been. what say you? >> there is some sense this that, but they are market for us. more important, our own market here, we have not been able to create job growth, get consumer confidence, factory sector is easing, only good thing in job report there was some sense maybe service sector is doing better, but all in all t

and she looked at me knowing that german economy is not the big monolithic companies, it's the small to medium size german companies that are the center of their economy and machine tools, and whatever. and they are building the rise in china. >> rose: they need markets to sell to and the schin knees to provide the markets and they are dependent on experts for their own economy. >> right. and then i sty the british-- and they get a chance to meet these leaders, it's an amazing thing they let me in, and cameron was really on this is that the relationship with africa on its rise, that the british have a role to play not just in financial services but also in engineering things like that. same for the u.s. the continent of africa will double the size of china. all but double. i think two billion to 1.3. half the world's youth will live on the continent of africa. shp now think about being a manufacturer in the united states. that will change everything. >> rose: and your world is there because of debt cancellation and second because you see poverty, third because you see disease but you

suffering economically and has unemployment rising we've seeing a separation between the french and german economies cutting interest rates by this small amount to no point five percent won't actually really make much difference we need a vatican change of policy within the e.u. to to bring about economic growth eventual the will have to be a breakup of the euro that's the only way to restore economic growth it's the only way to get people back to work if they can have their common seas depreciate and of course that the new tape instance adore each market that were to be returned that would then increase in value and that would help the disparities within the eurozone which has been created largely by the single currency to need to be of article change or course unemployment will just keep on going up. live from moscow this is art to you with me will research iraq is now seeing some of its worst bloodshed since the pullout of u.s. troops back in two thousand and eleven the u.n. said this week that more than seven hundred people were killed in april over sixteen hundred injured across the land in sec

setback were very disappointing chinese economic data, which is of great relevance for the german economic -- economyere is a question of whether we are seeing the beginning of a correction or the beginning of harder times. there is no consensus. >> the head of the imf, christine lagarde, has been questioned by a paris court over allegations of wrongdoing airing her time as france's finance minister. she is suspected of overseeing a 400 million euro compensation payment to a wealthy businessman who accused the state owned bank of defrauding him. judges will now decide whether to formally charge lagarde. the imf says it has full confidence in her abilities to carry out her duties. the battle of the german giants is just two days away. the champions league final takes place in london on saturday when bulrushes bartman is set to -- when baruch a doorman -- when borussia dortmund is set to face off against bayern munich. borussia dortmund looks like the underdog ever since losing their star to injury. >> locals say their team will do just fine. >> what has he done lately? he has missed so many shots. if

setback were very disappointing chinese economic data, which is of great relevance for the german economic -- economyere is a question of whether we are seeing the beginning of a correction or the beginning of harder times. there is no consensus. >> the head of the imf, christine lagarde, has been questioned by a paris court over allegations of wrongdoing airing her time as france's finance minister. she is suspected of overseeing a 400 million euro compensation payment to a wealthy businessman who accused the state owned bank of defrauding him. judges will now decide whether to formally charge lagarde. the imf says it has full confidence in her abilities to carry out her duties. the battle of the german giants is just two days away. the champions league final takes place in london on saturday when bulrushes bartman is set to -- when baruch a doorman -- when borussia dortmund is set to face off against bayern munich. borussia dortmund looks like the underdog ever since losing their star to injury. >> locals say their team will do just fine. >> what has he done lately? he has missed so many shots. if

year next year. >> reporter: and the fact that we're not seeing this usual spring revival in the german economyisible in this morning's unemployment data for the month of may. the number of unemployed rose much more than expected, by 21,000, but the unadjusted jobless number did fall to 6.8%, and that's still pretty good compared to the rest of the eurozone, karen. >> thank you very much for joining us on that. >>> we have plenty more still to come on this show, including is germany replacing the eu as the main point of contact for european trade with the chinese? stay tuned as we discuss how the european commission can rescue its prickly relationship with china. we went out and asked people a simple question: how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed: the official retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all of these years. ♪ a tal

the country's economy is now the sixth largest in the world, larger than britain's. german companies like volkswagen have profited from the growth. the car manufacturer, like many other german firms, runs its own operations here. >> for a long time, almost 100 years, brazil has been a place where german companies love to live and to produce. sÃo paulo and its surroundings, for example, have a high concentration of german companies. 800 of them have operations there. >> economic ties between germany and brazil are good, but tensions have risen over the past few years as brazil's economic growth has slowed down. >> unfortunately, brazilian politicians responded with the wrong kinds of measures. they have taken a more protectionist stance, raising terrorists that make brazil less -- raising tariffs that make brazil less attractive. >> luxury cars are more expensive and a tougher sale. at the technology fair, chancellor merkel and brazilian president dilma rousseff said barriers to trade would soon be a thing of the past. both support a brazil-eu trade pact, but that is a long

we had concern about weakness of the german economy. industrial production up 1.2% month to month in march. the consensus was negative so substantially better. another lift this morning on european equities as you can see. as far as bond markets, it means yields dipping further in italy. 3.8%. they are heading lower as well. it's also boosted the eu euro/dollar. we are following on this liquidity. we're following on coattails as we say. >> pay attention. we'll find out from the next guy some important stuff about whether there's a lot left here and when you would maybe expect a correction. we'll define correction and everything else. another record breaking day on wall street. above 15,000. joining us now to talk more about the milestone is chief investment strategist at raymond james. the first question to ask and you give good reasons, the question is because a lot of this is liquidity based from the fed, that doesn't necessarily mean it's not justified. that liquidity can eventually cause the economy to do better, cause corporate pro

the german economy grew by .1% in europe's first quarter. ecutive quarter of decline. european equities at this hour were slightly mixed and they still are. the ftse up about nine points, that's .1%. the cac in france up by about four points and dax in germany down slightly by about two points. german investors no the liking what they see. in earnings news today, we've been watching shares of deere, the company posting better than expected earnings and revenues. among the catalyst, the ceo cites positive conditions in the economy. we have joe digging around investigative journalism on what exactly that fat finger trade was. >> yeah. i don't know why it was down ten, but it is now down, close of 9377, and that is a true market. 90.25 to 90.40. >> macy's shares, the retailer earning 55 cents a share, that's a 2-cent beat. revenues in line with expectation. in the premarket up by about 1.33%. >>> yesterday on "squawk box," david tepper made the case for being bullish about the markets and the economy. >> so overwhelming. i mean, the economy's ge

his mission, to convince german chancellor angela merkel met with struggling economies is a flourishing economy. >> what we need to be doing is devoting this to achieving growth. they should not associate the european union with canny pension, but right now that is the message. >> letta's message is that it was up to every house to get their economic house in order. they said there was no difference between that reduction and a robust economy. >> they have to go hand in hand. the goal is not specific deficit targets for growth rates but for people to find work again and enable companies to expand. >> he was given a warm reception but did not show any time -- signs of battening down from his position. his next stops are paris and brussels. >> how is mission europe going down? for more, we go to our chief political correspondent, melinda crane. tell us more about his reception. >> it was friendly. the chancellor definitely praised the steps taken so far and she welcomed and wished letta a lucky hand for the sake of europe and germany. she was quite firm and made it clear that germany woul

my worst -- let me start with my worst, my worst is those poor germans, the best economy in europe, now those poor germans. but my best week goes to the economy. again, adding jobs, steady pace, wall street skyrocketing. i don't understand why the republicans cannot praise this president for his stewardship of the economy. susan, i just can't understand t. >> can't start a fight. don't have a lot of time. patricia, i want to end with you. who are your best and worst of the week? >> my best week goes to gabriel gomez, republican nominee now in the senate race up there. he is polling just four points behind the democrat. he is a former navy s.e.a.l., former fighter pilot and has democrats sweating bullets because they think he has a real shot up there. my worst week goes to ted cruz. he may have had a nice night in south carolina last night, but he has had some calling him revisionist historian and a jerk and those are conservatives talking about him. i think he has crossed the line from aggressive to offensive to people in his own party and i think he needs to maybe take a moment to refl

germans expressed a positive opinion of the economic condition. in spain, the figure was just 4%. the reason is that germany's economy remains relatively buoyant. meanwhile, spain is suffering under record unemployment, and especially young people see few options looking for work. >> so the next generation of people who have spent their entire lives being educated that the future is in a united europe have begun to lose faith in that idea. >> europe, it seems, is anything

what is touted as the bloc's second most powerful economy, and the new data up the pressure on president hollande. >> he has been meeting today with german chancellor angela merkel, and they have agreed on a range of measures to spark a recovery. they want a separate budget to fight joblessness across the bloc as well as a full-time economic chief with more powers. >> but hollande is a socialist, and merkel heads a conservative government, so do the two have big differences? >> it is no secret that the leaders of the eurozone's two biggest economies do not see eye to eye on several major issues in the eu, so a visit of the exhibition of german paintings at the louvre was perhaps a chance for them to get to know each other better. at the talks held later, the two leaders put on a show of unity. they said their countries would weather the financial crisis together and would present a united front at next month's eu summit on growth and employment. >> much of our discussion was about mobilizing the european funds from 2014 through 2020. and including them in our future planning. >> they also pledged to press ahead with plans for a so- calle

what is touted as the bloc's second most powerful economy, and the new data up the pressure on president hollande. >> he has been meeting today with german chancellor angela merkel, and they have agreed on a range of measures to spark a recovery. they want a separate budget to fight joblessness across the bloc as well as a full-time economic chief with more powers. >> but hollande is a socialist, and merkel heads a conservative government, so do the two have big differences? >> it is no secret that the leaders of the eurozone's two biggest economies do not see eye to eye on several major issues in the eu, so a visit of the exhibition of german paintings at the louvre was perhaps a chance for them to get to know each other better. at the talks held later, the two leaders put on a show of unity. they said their countries would weather the financial crisis together and would present a united front at next month's eu summit on growth and employment. >> much of our discussion was about mobilizing the european funds from 2014 through 2020. and including them in our future planning. >> they also pledged to press ahead with plans for a so- calle

talk markets dropping 20% should lead to the german economy or the british economy collapsing. the central bankers of that era did not have a proper common understanding of what their obligations are to each other, to the world into society. they were so committed to keeping the price of their currency type of gold and not doing the steps to support their banking system that a deflationary spiral set and the entire commerce shut down. a checkered history but over the at last 70 years the central bankers spent a lot of time and effort trying to learn from those experiences trying to apply analytical tools for better answers to how to guide the economy. by 2005 a thought i had figured it out to be honest. in this historical section of my book by looking at the 2005 jackson hole conference that happens every year in jackson hole wyoming. the central bankers of the world come together and they talk and exchange big ideas. this was alan greenspan's last year. there was a rumored 2005 at at that the great mysteries of the world economy have been solved. we know how to do with this an

and then, of course, we need stronger head winds from the global economy for the german growth momentum to really, you know, gain speed in the second half of this year. but overall, i think growth for germany this year will be slower than wa we saw in the beginning of the year. >> and when you combine that slower growth with recession now in france, what more action might we get from the ecb? >> well, i mean, we will really have to see what the ecb can really do. because if you look, for example, we already have record low interest rates in germany, also in france now of course with the premium over german bunch. but nevertheless, you know, despite these record low interest rates that we have, there's still no bank lending and that is not because there's a credit crunch simply because there's no demand. that simply has to do with the small and medium size to come. that's not only a euro area product b well but that relates to the global economy and there is very little the ecb can do. >> do you think the credit channels are impaired, then? >> well, not in the core. i think in the car, w

germany is showing signs of growth with the blocs the largest economy be an attractive option for immigrants searching for work but many germans are not happy with the influx of newcomers saying it puts a strain on the country's infrastructure peter all over now reports. those coming to germany in search of a new life might find one of their biggest challenges in the shape of the german people a bertelsmann foundation poll shows two surge of people here a few new comers as a burden on society one of those is college schmidt he says he knows families who come from outside of the e.u. as many as five children who live on the state presently. the main performance which you have to bring to stay in germany you have to make children if you have no drop in germany and normal social flats if a hundred square meters is five children you get another three thousand euros that month social eight call runs a motor scooter hire company in berlin and claims to represent many of set at what they see as a free ride given to migrants. if i would live in africa and i hear that when i see that my friend of my of of mind is already in bali and sh

in bad economic news, it was that the german market was looking not as bright as expected, possibly leading to a slowdown for the economy, one analyst said. after the dax had gone up two days in a row, practically back to record levels, now there were hefty losses. adding to the dim mood was news from the oecd. the organization cut back its prognosis for germany's economic growth this year to only 0.3%. adding to the mood also, the expectancy speculation, perhaps fear, that the fed, the u.s. central bank, might cut back on its very liberal policy of pumping money into the economy and into the markets. >> history was made in france this wednesday as two men celebrated the country's first same-sex marriage. they exchanged vows in the southern city of montpellier. it is less than two weeks since france's gay marriage bill was signed into law. the ceremony was held at city hall. the gay community has hailed the wedding as a beautiful moment the first of many as hundreds of couples planned to do the same thing nine weeks to come. >> for more on the story, we are joined on the line from paris. this has been a controversial is

in bad economic news, it was that the german market was looking not as bright as expected, possibly leading to a slowdown for the economy, one analyst said. after the dax had gone up two days in a row, practically back to record levels, now there were hefty losses. adding to the dim mood was news from the oecd. the organization cut back its prognosis for germany's economic growth this year to only 0.3%. adding to the mood also, the expectancy speculation, perhaps fear, that the fed, the u.s. central bank, might cut back on its very liberal policy of pumping money into the economy and into the markets. >> history was made in france this wednesday as two men celebrated the country's first same-sex marriage. they exchanged vows in the southern city of montpellier. it is less than two weeks since france's gay marriage bill was signed into law. the ceremony was held at city hall. the gay community has hailed the wedding as a beautiful moment the first of many as hundreds of couples planned to do the same thing nine weeks to come. >> for more on the story, we are joined on the line from paris. this has been a controversial is

economy will never happen again. >> after the papal audience, chancellor merkel gave francis a gift i a german poet and the entire works of a conductor, said to be one of the popes favorites. merkel received a set of vatican coins and a valuable photo op in the election year. >> france has become only the 14th country worldwide to legalize same-sex marriage, a day after france's constitutional council struck down a challenge to the bill which will also allow gay adoptions. saturday, the president signed the law, making good on one of his campaign promises. but it remains highly controversy all. opponents have staged huge, often violent demonstrations in recent months and more are planned next week. conservative religious lawmakers in afghanistan have blocked voting on a law aimed at protecting women's rights. the bill would have criminalized child marriage, put a stop to the practice of selling women to and disputes, billutlaw -- a broad before parliament. the law has been in effect since 2009 3 presidential decree, but they want to see it cemented by a vote. .ports news, and the bundesliga the qualifying round for the

economy has turned around. >> we don't know what tomorrow brings. it's in the hands of god. >> melvin german is a man of faith. he ez has been a barber 20 years, his father before that. he says he will continue to be a barber but it won't be in this structure behind us. they're tearing it down on friday. >> just too bad. wayne, thank you very much. a fiery crash led to a huge explosion today. 15 train cars holding chemicals derailed, contents caught fire, then exploded. you can see the damage along the tracks there to those buildings nearby. a plume of black, gray smoke seen around for miles. the smoke does not pose a health threat. only one injury skpit zpit all of this, was reported. the garbage truck driver. >> a group helping people with disabilities sail on the bay is devastated after thieves stole motor frtz boats causing thousands of dollars in damages. bay area association of disabled sailors is grounded. the boats are equipped to help sailors safely navigate the waters. >> we're shut down. pretty much shut down. we cannot allow these peopl to sail if we can't support mishap. we foll