conditions as here in the indonesian capital jakarta but thousands also took to the streets in germany italy and friends. the protest against further labor market reforms by the government escalated in paris mass protesters threw stones and destroyed cars and shops in the downtown area. good numbers apple exceeded investor expectations in the second quarter the us group was able to increase its profit by a quarter to almost fourteen billion dollars. and this despite lagging sales of the i phone ten on the important chinese market consumers prefer the cheaper competitor products apple now wants to release a slim down version of the i phone ten. greek prime minister alexis the press has good reason to smile he's receiving high praise from. the o.e.c.d. general secretary for his country's impressive progress and reforms even though they were not voluntary and sometimes against the will of the greek people. resist reform efforts are paying off. the greek economy is growing again. we think this year is going to grow two percent. perhaps next year two point three percent. that's why the country in

spain, italy, germany, italy and greece somewhere out there. luke: the leadership has changed. ll be theron voice of europe because angela merkel has lost to much power. will beesponds to italy watched in the next several weeks. if they want to push on fiscal and that fits him, we may see brussels. the splitting of the market is a classic approach to look at your portfolio. it is all europe and the same risk. italy at the moment, i agree with diana, buy when it is cheap. jonathan: you don't like btp's now, do you like bunds even less? luke: yes. jonathan: that bad for bunds? luke: yes. it is two years passed for germany. in germany, you are seeing wage rises coming through and you are seeing the need to get fiscal expansion out there to the rest of europe so then it will be disastrous. jonathan: the front end is just there, like a cold spring, push -40 basis points. we start adjusting for a change there? luke: will make it to the 10-year at plus 40. that is what i feel would be fair value. that would be pricing in where germany should be going. in october, when draghi is known -

it is an advaage for germany d a disadvantage for italy.ht, realizes ifaces a second early election later this year may become an unofficial referendum on italy's place in the european ion that this country's relationship that it helps to found. bbc news, rome. lauren: italy grappling their. you are watching "bbc world news america." still to come on tonight's program, a daring rescue. mili --he migrt from mali may become a french citizen. that store is just ahead. a dmatiche stage for showdown in a presidential runoff after a third round of voting over the weekend. a conservative candidate is set to take a left winger with the peace accord in the balance. one has called for and overhaul of the agreement, while the others from the south support it. here is our reporter. reporter: the political scenario , and he was always to thed to go through runoff, a man who represents traditional politics. agree with the rebels as being kilos lenient. the issue of security a iays wins vot colombia, and he knows it. i want to govern colombia without look

italy and the u.s. being a safe haven, right? the spread versus germanys still out really high levels, really, really high levels, and it will get higher yet. jonathan: to luke's point, we took out the 2018 high. we took out the 2014 high, and i wonder, when you look at the spread over germany when the bund treasury goes beyond 300 basis points, how much wider can it get and can the united states and the treasury market really decouple from the rest of the world? diana: it can certainly get wider. i think what is important to keep an eye on is what is going on with underlying european growth and inflation outlook. this quarter, we had disappointing growth out of europe relative to where we have been over the last few quarters. the ecb had to downgrade some of their language around growth. the transitory things, that might be explaining some of that as weather-related, but we are not seeing inflation coming through in a meaningful way. when you add that to quality or what is happening on the periphery with italy, it is possible to see the spread widening f

and they want to control italy and the agreements on the european union is an advantage for germany andng prime ministers but this is much more serious than that. an election later this year may become an unofficial referendum on italy's membership of the euro and on its place in the european union, that this country helped to create. james reynolds, bbc news, rome. a brief look at some of the day's other news stories. a british national, who was held on death row in ethiopia on terrorism charges, has received a pardon. andy tsege has been detained in the country where he was born since 2014. it's not clear exactly when he will be released. a 28—year—old man has been arrested on suspicion of murdering an 11—year—old girl and a woman aged 31 in gloucester. they were found seriously injured by police just before five o'clock this morning. police have urged anyone with information about the incident to get in touch. the health secretary, jeremy hunt, has promised to make the nhs in england a beacon for pay equality, after launching a review of why female medical staff are paid less than th

new york it well we produced a report last week in parliament which shows clearly that france germany italy spain all eat you can trees build similar ships they all have the mystic shipyards and you know what surprise surprise they built their ships in their shipyards the rules didn't stop them the government quite easily could declare these warships i think is absolutely clearly the case and it's definitely defensible in e.u. i don't want to come it's been so timid about this but they seem determined to put me into international competition what's the connection between being a floor what for the i'm breaking into the market for commercial ships worldwide well one thing leads to the i mean one hundred years ago this country the united kingdom built half of the world's ships and this proud ship building heritage right across these islands we lost that because we didn't invest in modern technology modern techniques and particularly the far east i would say because if we had a steady pipeline of military work stretching out ten twenty years then that gives companies the ability to invest with

germany italy dublin. play music was played she. told us a call to change some of the today's concert. by the lead player. put big dreams on the big screen play a little. movie magazines on the w. . player linear legalese. little. this is due to the news coming from berlin explosions rocked indonesia's second largest there's ebonics go off at three churches in the port city of sirte by a police say at least eleven people have been killed with scores wounded lou bringing you the latest from the region also coming up. french investigators identify the attacker behind a stopping rampage in paris.

rules all europe and germany rules italy and they want to control italyealises that it now faces a sudden choice, an early election later this year may become an unofficial referendum on italy's membership of the eu and this country's relationship with the union it helped to found. james reynolds, bbc news, rome. our europe editor katya adler is in brussels tonight. katya, a complex picture, what's your assessment? well, in italy and across much of europe tonight everyone is asking, what is going on? the short answer is the political chaos we were talking about last week, two populist party is trying to form a coalition government, has turned into full—blown political crisis. what does that mean? it means different things for different people. those who are running scared at the idea of a eurosceptic, populist nationalist of italy, the third last largest economy in the eurozone, big business and industry, they are breathing a sigh of relief to light now that the italian president has chosen an eu friendly establishment friendly technocrat a former governm

take a look at the italy-germany's red, one with a watching closely as it blew out in the run-up in thelash between matter relative and can't take it italy. the concern was you get this populist government in place with the finance minister who wants to leave the euro. now that concern might be dying down as the government collapses. we see the spread tightening a little bit from such a wide level. take a look at the gmm there. there aren't going to be any u.s. trading today because of memorial day, no u.k. trading day because of memorial day. you cans equity index, see there is an emerging market rebound we will talk about today, mostly about currencies but you can see it in the equities market to some extent. there will also be a big push against the aussie dollar. you can see the aussie stocks index and we will talk about that with mark cudmore in a moment. and the problems in malaysia after the elections persist. take a look at commodities today. we see crude futures down almost 2% right now. that's for nymex cpi crude. brent has taken a hit, as well down at 7555. we had seen brent,

rules all europe and germany rules italy and they want to control italyuropean union are an advantage for germany and a disadvantage for italy. tonight, this country realises that it now faces a sudden choice, an early election later this year may become an unofficial referendum on italy's membership of the eu and this country's relationship with the union it helped to found. james reynolds, bbc news, rome. you're watching newsday on the bbc. still to come on the programme... a real life spiderman, to the rescue — how a migrant from mali saved the life of this small child. also on the programme... the australian who does a very uncanny impersonation of north korea's kimjong un he came into the studio in singapore. in the biggest international sporting spectacle ever seen, up to 30 million people have taken part in sponsored athletics events to aid famine relief in africa. the first of what the makers of star wars hope will thousands of queues started forming at 7:00am. taunting which led to scuffles, scuffles to fighting, fighting to full—scale riot as th

and they want to control italy and the agreements on european union is an advantage for germany and aage for italy. italy is used to changing prime ministers, but this is much more serious than that. an election later this year may become an unofficial referendum on italy's membership of the euro and on its place in the european union, that this country helped to create. james reynolds, bbc news, rome. our europe correspondent katya adler has been looking at developments from brussels. everyone is asking what is going on. the short answer is that the political chaos that we were talking about last week as too populist parties will try to form a coalition government has now turned into full—blown political crisis. and what does that mean? it means different things were different people. those who are running scared ata people. those who are running scared at a eurosceptic populist nationalist government in italy, the third largest economy in the eurozone, so third largest economy in the eurozone, so brussels, the italian establishment, big business and industry, they are breathing a si

and they want to control italy and the agreements on european union is an advantage for germany and as used to changing prime ministers, but this is much more serious than that. an election later this year may become an unofficial referendum on italy's membership of the euro and on its place in the european union, that this country helped to create. james reynolds, bbc news, rome. what to make of it? justin urquhart stewart from seven investment management joins me now. good to see you. carlo cottarelli, another name we should probably not consign the memory banks for too long as the new prime minister.m remarkable, isn't it, when you actually think about what has happened here? here have an election that has thrown up the possibility for a government with two parties on the opposite extreme in this world, and despite their voting power, they cannot actually get a leader approved. mind you, it is probably just as well because i think it is fascinating to see, italy functions well despite its politicians, not because of its politicians, so it can carry on in this way for some time. i s

and they want to control italy and the agreements on european union is an advantage for germany and aaly. italy is used to changing prime ministers, but this is much more serious than that. an election later this year may become an unofficial referendum on italy's membership of the euro and on its place in the european union, that this country helped to create. james reynolds, bbc news, rome. efforts are continuing to get a planned summit between president donald trump and the north korean leader kim jong—un back on track. a us delegation is due to have more talks with north korean officials in the demilitarised zone, but it's still unclear whether the summit will take place as originally planned in singapore next month. president trump and the japanese prime minister shinzo abe have been discussing korea by phone. they've confirmed they will meet before any summit between the us and north korea, takes place. our correspondent in seoul laura bicker asesses the latest developments. when it comes to those talks, they started on sunday in secret. it was another surprise on this peninsula

rules all europe and germany rules italy and they want to control italyon the european union are an advantage for germany and a disadvantage for italy. tonight, this country realises that it now faces a sudden choice, an early election later this year may become an unofficial referendum on italy's membership of the eu and this country's relationship with the union it helped to found. james reynolds, bbc news, rome. police have arrested three people suspected of drug dealing at a dance music festival in portsmouth where two people died at the weekend. the news comes after 18—year—old georgia jones and 20—year—old tommy cowan were named as those who died after falling ill at the mutiny festival on saturday night. they were among 15 revellers admitted to hospital from the event, with organisers issuing a warning over a "high strength or bad batch" of drugs. a young man has been hailed a hero in paris after scaling a building to rescue a small boy who was dangling from a balcony. mamoudou gassama, who's a migrant from mali, will be made a french citizen after

france, germany, italy, switzerland, spain, most of the scandinavian markets are closed. let's take a quick look at how the ftse is doing, given it's the one major index that's open. up 10 points a lackluster day mostly on bank holidays, days like this when continental europe is out, trading activity is thin. in about a half hour's time we'll get manufacturing data out of the uk. keep an eye on that. let's look at ftse's largest movers as well in the session. you can see right at the top we have marks ae& spencer up 1%. aviva up also. we have the underperformers still morrison's and tesco as well given the price action we saw yesterday. bp opened higher after reporting its best quarter since 2014. it says higher oil productions helped to last earnings. production for the period rose by 6%. steve, our oil expert joining us around the desk. we're also joined by a member of the investment committee from carmenac these were stellar numbers out of bp today, in line with shell and other companies. it's not all about the rebound in the price of oil. >> it's not. it's about the c

we talk about the future, the cold war ended, we still have troops in the united kingdom, in germany, italy. some of this is because, this is the basis of my question. relationships involved and you still want cooperation. david: read the national security strategy and the defense strategy, they make the case that we still need to maintain presence. >> larry? >> larry, -- >> if you could put the microphone there? >> in 1998, the clinton ,dministration began talks about the korean peace treaty. i went to the state department for a briefing at the beginning of those talks. i asked the director of korean affairs who presided over the meeting -- what was the thinking in the state department and the administration over how to andtiate over u.s. troops negotiating over a korean peace treaty? his answer flabbergasted me. i can quote "you have not thought much about that." me, if we go into this kind of substantive nuclear negotiation that we have been talking about today, we are going to have to think very, very clearly about that. i certainly expect either at the summit or at the beginning of tal

i have studied the history in germany and italy and japan. it is a constant danger for any system that is a democracy to decline into fascism if there is enough crisis and pressure. there is something i think that protects americans from that kind of deterioration. order.ur constitutional our constitutional order keeps us from becoming extremists, from having any extremists taking over the country. our constitutional order is very powerful. it was written to protect americans, the american nation from a tyrant. it also protects us from an megalomaniac. there are many checks and balances on president trump and what he does. there is a congress controlled by his own party that doesn't always cooperate. there are state governments in open defiance of the present. there are courts. there are lots of ways in which you can put up blockades against what a president wants to do. system.rotected by our host: your thoughts on the vice president? garner oncenk nance said not worth a picture of warm spit. i think it was a lot more vulgar. he is always so

be read his .ost to reduce the public debt we have to weigh the political situation in germany, six months in italyerent from germany. so strong as it stays in this condition and waiting for direction. >> and that is your business flash. >> thank you. offer toke an old cash disney. the old stock offer valued at $353 million. of course, the assets do not include fox news, fox business, and other businesses. for the latest, we are joined by the news. let's start with the fact that this is the worst kept secret on the market. today is different. >> comcast this morning came out and i wish we had broken the news here but we knew it was coming. they announced that they are confirming that they are looking at it and they are in the advanced stages of preparing. mind you, comcast did make this late last year. it did eat out that time of 50% higher. that was just over $60 billion at the time. thathey decided to reject in favor of the lower offer. a cash officer -- offer and why the board might be swayed. >> they thought comcast would have a harder time. and the family will get a 5% stake in new disney. the

italy. is an advantage for germany and a disadvantage for italy. more serious than that. in the europeanat this country helped to create. james reynolds, bbc news, rome. kim jong—un back on track. in singapore next month. shinzo abe, have been discussing korea by phone. and north korea takes place. the latest developments. when it comes to those talks, they started sunday in secret. it was yet another surprise on this peninsula. some kind of deal that they can give to their leaders. to resume talks. talks between the us and north korea. talks. and in singapore, we understand they are talking about the logistics. meeting there in the next few days. and a very short time to do it. remember how far apart the two sides are. to north korea. north korea wants a phased approach. to their leaders. to be any summit depends on that talk. nervousness. weapons. trump sees north korea as a win here. that they will meet on two occasions. ofjitters going on injapan. in the peninsula injapan. umbrella that he puts over the peninsula and japan. that that's not the case. making the news. in an attempt to

costel: we exported honey from here all over europe, to germany, france, italy.here were contracts. but since the disaster, since the bees died, we no longer sell honey. reporter: otherwise, this is a pristine region with huge forests. there was never any environmental pollution. reporter: nature seems to be slowly recovering. costel gresala makes a discovery, wild bees have moved into one of his hives. that encourages him to begin keeping bees again. but it will be a long time before he can once again make a living from it. peter: now people in my home country britain are generally incredibly friendly. but that could be changing. certainly, the mood towards immigrants, especially immigrants from eastern europe, has turned ugly since the brexit vote nearly two years ago. our reporter frank hofmann has been to the seaside town of great yarmouth to see how the hostility manifests itself between neighbors. frank: these cameras aren't part of a home security system. they were installed to spy on a polish family across the road. and are pointed right at the children's

in my thought the next question the euro zone we've already heard warnings from france from germany that italy must meet their commitments to brussels that's the priority here do you think the e.u. is worried about this this new euro skeptic coalition. i think that to do you have you know that even your complaint of the we need to move in. two thousand and eleven the way the debate was connie government that is that we care then in. that to see question because and now in there you are we have our division on that between that marilyn and barry's show on paper there we passed the do you want to be an a you is weaker sure i think that the room auburn maneuver against the average man about government we'll be weaker then that it was in the stage of the battles going to government in two thousand and eleven until yamato some political analyst thanks for your take that i hear on are to grow you have your program run. thank you. now the last terrorist enclave south of damascus has now been liberated from islamic state that's left all areas around the capital under government control state televisio

twenty three year old man from the west african country of togo was due to be deported from germany to italy the country he had initially registered in on a rival in europe a police representative later said the migrant center where those events unfolded was at risk of becoming a lawless area. i know that's for you we will not allow the creation of a lawless we will work against it we have clear indications that most black africans here see the police as that story and want to fight against them we've never experienced a situation like this before it was big young people monday's incident led to a major police raid on the refugee center with as many as two hundred lauren forces in full protective gear entering the premises on thursday as a result a number of residents were detained on suspicion of theft and drug dealing and the country's interior minister didn't hold back in his view of the migrants behavior. what happened there is a blow to the law abiding population we shouldn't let them trample on our hospitality. well this all comes as the german government revealed figures suggesting th

we exported honey from here all over europe to germany france italy. never contracts. that are a commodity but since the disaster since the bees died we no longer sell. there are no my otherwise this is a pristine region with huge forests. but there was never any environmental pollution. nature seems to be slowly recovering constant creation makes a discovery wild bees have moved into one of his hives that encourages him to start keeping bees again but it will be a long time before he can once again make a living from it. now people in my home country britain are generally incredibly friendly but that could be changing certainly the mood towards immigrants especially immigrants from eastern europe has turned ugly since the briggs it vote nearly two years ago our reporter frank kaufman has been to the seaside town of great yarmouth to see how the hostility manifests itself between neighbors these cameras on part of a home security system they were installed to spy on a polish family across the road and are pointed right at the children's spectrum. come at us can you see

twenty three year old man from the west african country of togo was due to be deported from germany to italy become tree he had initially registered in on a rival in europe where on thursday police said they fit the migrant center could become a lawless area we've all been kind of it's for you we will not allow the creation of a law we will work against it we have clear indications that most black africans here see the police as their adversary and want to fight against them we've never experienced a situation like this before it was by young people well the events which i unfolded and and have been met with widespread condemnation in germany the country's interior minister didn't mince his words when describing the migrants behavior. what happened there is a blow to the law abiding population we shouldn't let them trample on our hospitality attacks on police officers are unacceptable in a constitutional state such conduct must have criminal consequences it's clear that frustration is no excuse for crime well this all comes as the german government revealed figures suggesting that many migra

and that's important because italy was not just only a founding member of what became the european union but it's also one of the three largest economies with france and germany so it is a cause for concern if you look at what their manifesto had pledged to do over the next few years that had included putting italy first rather than brussels renegotiating e.u. treaties also cutting taxes lifting sanctions against russia and deporting more immigrants all these things pretty much against the ethos of what we hear from brussels so what will happen now well a stop gap prime minister has been put in place for the interim period but the coalition has threatened that they might go ahead and try and impeach the italian president now as a result of him blocking that coalition government going ahead or we could also see a lot frontally facing fresh elections it's only eleven weeks since the last elections but it's up to anybody's game to guess what will happen next you. are charlatans thank you. just to give you some background on the story an election was held nearly three months ago a no party security majority however a coalition pact emotion that eventually propose

a bid for the end of the week, it may be a little more about italy. germany isversus still really at high levels, and it will get higher. jonathan: we took out the 2018 high. i took out the 2014 high, and wonder, when you look at the spread over germany when the bond treasury goes beyond 300 cans points, how much wider it get and can the united states and treasury market recover from the rest of the world? it can certainly get wider. it is important to keep an eye on underlying growth spending. this quarter, we have disappointing growth out of europe compared to where we have been. the ecb had to downgrade language. there are transitory things that might be explained, and maybe whether related. it is not coming through in a meaningful way. to quality orhat what is happening on the periphery with italy, it is possible to see the spread widening further. jonathan: your thoughts? luke: that is a problem that is raised, sentiment around italy, although i believe that is in fully -- that is fully priced in. u.s. growth is pronounced at the moment. jonathan: joe, w

the difference between italy and germany very significant, going to levels we haven't seen since 2013ot near the levels we saw the height of the sovereign debt crisis. the euro is weaker but only by 10%. we saw a drop by 20% to 25% in 2011 and 2010. definitely perspective needed. mike is the winner today, mark. i'm not even going to give much of a reason for it. that is an eye-popping chart. news, -- breaking has one approval for its monsanto takeover. it passed regulatory hurdles. bayer closed down almost 1% in germany. monsanto is on the rise. it is adding to gains of 8/10 of 1%. gains, be the largest -- up 8/10 of 1%. this is bloomberg. ♪ vonnie: let's get back to that bayer monsanto news. given antitrust approval for the takeover. the deal has been in the works for nearly two years. we saw bayer closing down. monsanto is up 8/10 of 1%. let's bring in someone knows all about this deal to help us talk it through. our bloomberg reporter is with us. tell us about the potential for this. magnitude hashis been worked over for some time has a huge amount invested in it. given this deal h

one one i'm glad member members from beating germany france and italy wreaked havoc during during gigi some image on a one to one. into those out night let another round round i would i would test instructor. during the. summit and my life. can't remember to treat twenty meeting meeting before flushing release. duration french french. around five hundred like black actors in france alone although now my my company e head to head of the i aea is now now because he thought. since the date i. was ready to tell us and whose arms are. the slide. malls. the total was willing andnd ready to kill my. mom said today that it is not my. our main main priority. right now we have we have unprecedented opportunity to changing course or is it. something else like. this is a mystery man not the same thing about half our eyes wide open it's time time also has one one for all about a bail delight and i. how to how to get us to get to get right right? by the same time anyway in two. they're just trying to. sasha. says michelle council but women a lot as well as he can. he testified that is if you look do

where americans serve abroad, south korea, they are in japan, they are in britain, they are in germany, italyd if the united states was an empire, they could ask us to leave and the crazy thing is, america isn't an empire because america would leave. in fact, france kicked us out in 1966, 1967. and what did the president -- and what did the united states do? it left. same with the philippines. but if you travel abroad you realize that a lot of folks want us there. they're still critical of us. nobody likes to be dependent on somebody else. so it is both critical and at the same time, desired. host: a key player is dean rusk? what influence did he have on the administration? he started out as a under president kennedy and one is -- and was one of the few bulldozers -- one of the few holdovers who stayed on under president johnson. dean rusk was someone who was a very capable figure, a hetherner like johnson, and had a very close relationship with johnson, and also with walt rostow, who became johnson's national security adviser during this time in 1968. the meant that dean rusk on one hand was

in italy and germany and sweden in 1960, it would have seem very obvious to people who really belongs. it was something that was ethnically descendant from italian, german or swedish stock. thank any, that has started to change, people have started to accept that they can have come pate i can'ts who are blown or black, muslim or hebrew. but there's a strong rebellion against it as well, and in a way that shouldn't surprise us. because people got something out of being part of the majority group. if you weren't the most affluent guy, the most respected guy, it's easy to say, well, at least i'm italian rather than a foreign err. well, that's being challenged. that immigrant might not be representing you in pardon mement, ask is we should celebrate that, but it shouldn't surprise us that there's resistance against it. the story in the united states is both similar and different. it's similar in that it's always been a multiethnic society with a straight racial hierarchy in which one group had bigger advantages over others. .. when the internet allows people to make much stronger. the gen

again i creates the pattern in his studio the actual selling is done at his operations in germany and in italy that takes four weeks on average prices for his suit started one thousand euros but can run much higher two years ago the tailor also designed a women's collection but quickly learned that when it comes to clothes men and women have very different expectations. often by tailor made suits for work so things should go relatively quick and easy it's less emotional than with women. for women it's more of a happening and event and they want to take their clothes with them not have to wait three or four weeks. then it's time for the final fitting the moment of truth for both customer and tailor. to make sure there are no one cycle i'm looking here at the back to see if there's a crease or a neck and whether the shoulders sit right at the back the material should hold straight and nicely cover the back side and hips. you see if the count's good whether it hugs the body but there are no wrinkles on the decline feels good in it . of course it's most important that each customer feels grace in