if there are fires somewhere in europe, there are fires everywhere in europe. this summer, we didn't just have the fires, pictures we saw, but the polish firefighters who .elped out in sweden back to migration. we are putting forward a proposal to strengthen the european border and coasts. all borders must be protected more efficiently. we're proposing that the number of border agencies, by 2020, 10,000.about we are making a proposal to extend the european refugee agency. they need support when it comes androcessing asylum applications in line with the geneva convention, when making a proposal for the return of illegal migrants. i repeat my wish and parliament, to open legall routes for migration into europe . we need qualified migrants. -- has been on the table for quite some time, so at least implement them. president, ladies and gentlemen, i'd like to talk about the future as well and therefore must speak of africa, europe's twin continent. by 2050, africa's population will number 2.5 billion. one in four people on earth will be african. we need to invest mor

let's stick to what is happening in europe today. ft proposition does not appear to be appealing to — if i can put it this way — the left behind, the alienated working class, those who are feeling insecure, angry, disappointed, and neglected. those of the people, whether you talk about donald trump's america or in europe, those sorts of people appear to feel more of the connection with parties of the populist nationalist right. why is the left—wing proposition not appealing to them? because it is not square up. because the left has failed to put forward a progressive agenda that makes people think, "ah ha, this might work." this is a terrible failure on the part of the latter. and it is essential that those of us who identify themselves as left—wingers begin with self—criticism. and that is why — and let me answer your question specifically. we have failed to put forward a kind of new deal agenda that extends beyond ideological borderlines and national borderlines. europe today needs what fdr did in 1933, we need a new deal for europe

these bases in europe are not only for europe. they enable the u.s. to project wider middlethe east and accor for -- africa. example, the u.s.-africa command is based not in africa but in germany. operates fleet which from the baltic sea to enter the cap is headquartered in naples, italy. if u.s. troops are wounded in iraq or afghanistan, they are flown to quit treatment in germany. thinking about the value of what i am reminded of secretary mattis once told me. that never in his entire career had he fought a war without nato allies at his side. u.s. never has to fight alone. week, we marked the anniversary of the 9/11 attacks on the united states. attacks, nato invoked our collective defense clause for the first and only time. , hundreds of thousands of european and canadian soldiers have fought alongside the united states in afghanistan. 1000 have paid the ultimate price. , nato allies continue to stand with the united states. not only in afghanistan but also in the global coalition against isis. in deterring russia. decades, theven united states has

for nearly 70 years, nato's help to preserve peace and stability in europe. this has provided the foundation for unprecedented prosperity. for all nato allies, including the united states. europe and north america together present path of the world's economic output. and while we now see some disagreement that the tariffs, it does not change the fact that europe and north america are each other's biggest trading partners. so peace and stability in europe are the foundation for continued prosperity on both sides. second, we share fundamental values to protect and defend together. democracy, individual liberty and the value of law. they are the foundations of our free societies. but they are also the foundations or engagement with the rest of the world. these values are not meant for other countries in need them to join our alliance. after the berlin wall came down, countries and the baltic states all joined with nato and more countries aspire to join and many have already followed. ... >> america's allies also have capable aircraft to enhance the defense and ac

but is he losing the argument in europe? yanis va roufakis, looking to hardtalk. a political role. you have a new political party, which you are determined to make a force in greece and in europe. but would you accept as a radical and they left us the tide in europe, the tide of public opinion is running against you? absolutely. civilisation is in retreat. we are experiencing a new post—modern 1930s moment. the liberal establishment has made a mess of it. they've been insisting on policies that are failing left right and centre. and they are crumbling like the weimar republic. tha nkfully crumbling like the weimar republic. thankfully not with the branches of the streets, gatt. but we have the nationalist republic rising across europe. look at what is happening in italy. we are losing the battle. this is why this is the time to regroup across a broad alliance of progresses, the democrats, liberals, left—wingers, that have civilisation at the heart. before we drill down into the detail of that analysis, i do want to ask you whether you think it is justifiable to, a

and it played an important role in europe. powerful and playing an important part in europe. hat was in the 80s and 90s, and here we are in 2018 — yes you are in power at a minority government with an uncertain future. my question to you is that you change the trajectory for centre—left social democratic politics? because in most of europe, these parties, like yours, are in disastrous shape. i wouldn't say disaster, but bad. look, social democracy was a 40% party, 40% of the vote everywhere, everywhere. and now we are a party of 20% of the vote, everywhere. for sure, this is not going to be changed overnight. but portugal and spain can represent the renewals of social democracy. i think it is an opportunity. here is an interesting comment from an analyst who has been consulting for the spd, the social democratic party in germany, michael broening, he says "social democratic parties in europe have forgotten how to mobilise." we see the far right mobilising, we even see the out and out left represented by people likejeremy corbyn in the uk, mobilising. what we don't see is tradi

needs those capabilities and also the geography of this allies to be effective in defending europe, so, yes, i believe in stronger european defense, i believe in stronger eu efforts on defense but not as alternative but something which is complementing nato. >> last time the nato strategic concept was published was in 2010. there's a lot that has happened since then, there's been the invasion of ukraine, arab spring, the migrant crisis and russian intervention in syria. is it time to update the strategic concept? >> some argue in favor of that and i -- some people like to do that. i think that it's not a must to do so as long as we have -- as long as we are able to adapt our strategy and adapt nato to changing world and that's exactly what is done. and, yes, we have no new strategic concept but we have new strategy meaning that we have proven that we have changed nato fundamentally because we have implemented the biggest since the end of the cold war. for the first time in nato history we have groups combat in eastern part of alliance, four battle groups in poland. we have response

looking at the markets, a relatively optimistic start among investors in europe. jor indices trading significantly higher ftse 100 up almost 0.90% same story for germany and the cac 40 and in italy, the ftse mib is trading 1% higher. we had some revised gdp numbers and comments from luigi dimaio as well. let's look at the u.s. futures all the three major indices there are also called higher after yesterday's extremely high closes that's it for today's show i'm willem marx in london. "worldwide exchange" is coming up next. welcome to the xfinity store. thanks, janet. it's my happy place. you can learn how to switch to xfinity mobile, a new wireless network that saves you cash. and you can get 5 lines of talk and text included with your internet. and over here i'm having my birthday party. dj fluffernutter, hit it! ♪ dj fluffernutter simple. easy. awesome. ask how to get $300 back when you sign up for xfinity mobile, and purchase a new samsung phone. visit your local xfinity store today. >>> it's 5:00 a.m. at cnbc happy friday the futures are up again we could have a

only a united europe can save jobs in an open and connected world. only a strong europe will make it possible for us to rise to the challenge of global digitalization. we europeans, because we are not the -- we are the largest market in the world will be able to set standards. while upholding our citizens conditions of life, provided we are united. willong, united europe allow our member states to reach to the stars. thanks to our global neighbors, europe is still in the space race. no single member state would able to launch satellites that 400 million users around the world are benefiting from. galileo is a success story. not only a european success story. without europe, there would be no galileo. geopolitics tells us that the -- has the capacity to influence world affairs. europe must increasingly be a sovereign player. european sovereignty derives from the national sovereignty of our member states. what liest replace within national purview. we strengthen all of our components. parcel oft and belonging to the european union. european sovereignty

spare another way for refugees at a time when the debate over mass migration has split societies in europe not least in germany increasing numbers see a migration as a threat facing their country but look at refugees as a welcome addition to society and to the economy because many e.u. economies are nearing full employment and jobs remain unfilled in particular those locals no longer want to do. this o.t.l. and southern amsterdam is new entrained there are even fresh vegetables growing on the roof but despite the calm impression the hotel industry in general has a problem not enough people want to work there thousands of jobs need to be filled each year so for the first time amsterdam has organized a job fair for refugees today it's all about the perfect moment. nina schmitz works with an organization that integrates refugees into the hotel industry and that integrates them into society. there to take and work helps people to learn the language quickly and provides an income but it also helps them to get to know a new country faster and integrate into the community. what sounds unpause sho

and which league in europe is the strongest in part one of this episode that's made reports on the leg of his homeland england the premier league strong our village the world of high intensity of darkness style months of. geminis best how is se by an on their back in full swing three league games and three wins. as we take a look at that saying why is bonds are strong again. all right we all want to see the best isn't always winning sometimes isn't it a bit of a pain to be a fan. oftentimes but some get i asked around among the by and fans let's check out the best now with kick off life. up and running again around europe fans of supporting their clubs and hating international football but which is the best league in the world i'm running the rule over the top five leagues starting with england. so here's how it's going to go i look at the things that make the premier league the best among the top five leagues and also the things that make it the worst of the big five. let's start with the best. years now england has been the destination for many of the world's best players the competi

as in most of europe, these parties, like yours, are in disastrous shape.democracy was a 40% party, 40% of the vote everywhere, everywhere. and now we are a party at 20% of the vote everywhere. for sure, this is not going to change overnight. but in spain, it represents the renewals of democracy. it is an opportunity. this is a comment for a consultant for the spd in germany he says social democratic parties in europe have forgotten how to mobilise. we see the far right mobilising, we even see the out and out left represented by people likejeremy corbyn in the uk, mobilising. what we don't see is traditional, old school parties like yours really mobilising, particularly young people. i agree with that diagnosis. i think social democracy has become an establishment party, you are pa rt an establishment party, you are part of the elite, part of the status quo. look at you, will with all due respect, your long and distinguished career, one of the most seniorfigures in distinguished career, one of the most senior figures in the european parliament, your governm

all that also helps make the premier league the most competitive league in europe a different thing has won the title in each of the last three seasons. man city and chelsea have been the most dominant sides in recent years but a few other teams are also in with a chance this season. and who knows in the post venue era and even also can challenge again what defines the premier league above all is the competitive nature of the league so the teams of the press quotes are all to do with our belief on any given march to a walk for compete in manchester city so much so compelling. while financial power is one of the premier league's biggest strengths it hasn't helped english sides bright spain's recent dominance in europe. in particular the champions league has been a bridge too far. only one team has made it to the finals since chelsea became the last english side to win the competition back in twenty twelve. and you call it the best league in the world if premier league teams aren't getting anywhere near the biggest prize in europe. and all that money is actually not such a good thing for

europe was two to three years behind the united states. in the u.s. l reserve two years ago, with the labor market having more confidence reaching full employment. europe is not there yet. if the ecb still has negative interest rates in a year with some improvement in the labor market. : i'm wonderingie how you are senior approach at the moment. seeing a strong participation by investors. just given some of the headlines, we have had somewhat outlook for two years. the u.s. equity market has been stronger than anticipated. valuation still have significant merit for investors trying to orient our portfolio the next several years. that marketseve outside the united states may have slightly higher expect it returns in the next several years. we are seeing and urging investors to have modestly lower spec tatian's, but you withdraw from the markets. we see a significant risk of a recession. vonnie: do you see a bear market bonds? no, we would need to see a significant selloff at the long end. there is always a risk of that, but we have fairly high convictio

but they will certainly be in of somebody or other, because it would be just as catastrophic for europeain, and i cannot conceive in my mind, it would require a huge suspension of disbelief to think that europe would allow a no deal scenario to emerge. i don't think that we will, definitely not. it will hurt us as much as everyone in britain. no, but there is fear that ajacob rees—mogg government might go in that direction, so in that sense throwing a lifeline to may would make real politics, because it is the least worst. the practicalities are that, i think the european union the individual states, have left things to barnier with the assumption that, by about now, things would be in a very political, classic european union way, just fixed or fudged. there are some indications that that is happening, and i think some sort of deal is coming, but it is notjust the trade disruption, it is the thing which will be on german minds and on french minds in terms of the stability of the eurozone — the potential for disruption because london runs the eurozone's debt markets. it is a global giant

there's been an awareness that the significant rise of the far right, and the populist movements in europeoing to create a lot of problems for the european union, especially in the next six months, in the runup to elections in the eu parliament. things are getting a bit complicated and warring, —— things are getting a bit complicated and worrying, and there has been quite a significant alarm for steve bannon coming to europe, saying that he is going to advise an alliance of alt right europeans to take over the european parliament. it might sound like a joke, but it is actually quite worrying if you think that the far right has got into government in italy, the third economy of the eurozone. and, europe is getting very, very nervous about the collision course of the current italian far right government with brussels on financial rules. so it is getting very, very tense in europe. the idea of throwing a lifeline to theresa may might sound appealing, because it would avoid another hardliner in europe, which is not something that anybody wants. that is interesting. do you sense a similar shift

the stocks listed in europe are very small. ively small investments in medicinal cannabis companies. the big prize to be recreational. material brands for example. now, europe in comparison to the huge market capitalizations in canada, the money going around is pretty small. i'm not sure what canada is like. i know in the u.s., how should i put this in the right way? there's a culture in high school and college that in some ways involves smoking weed. that's not the case as far as i know in germany or and a lot of european countries. will the market sizes be different? definitely the market sizes will be different. example, we've had a couple of reports over the past couple of weeks. one saying that if everything was eli's in europe, it will be worth somewhere in the region of wherelion euros per year in canada it is affected to be about 1/5 of that. the size of the market in europe is very significant. something important to know is the culture may change that. medicinal is the only what you can invest in europe but if public o

without protectionist policies like those in europe he says chinese bikes have flooded the market in the u.s. and that has in turn destroyed a lot of jobs in the country especially in his home state of pennsylvania where the bike manufacturing industry once flourished. the store owner says it's not a good feeling to promote the sellout of the domestic sector by selling cheap imports but what choice does he. use my family fed. you know i own two different bicycle shops. to be able to offer that offer my consumer. a bike for under four hundred dollars that has gears to be able to offer a bike for under three hundred dollars that's like a single speed ride around the city it's nice to be able to do that. president trump has threatened many sectors with punitive terrorists but not the bike industry in general catholic is critical of protectionist measures but he would have made an exception for bicycles. it depends on what perspective you're looking from you know people who've lost their jobs because it's been farmed out to china taiwan. they'll probably have a very different view than s

in europe and in the united states it's similar what you're really looking at is what is the relevant product market what is the business line that we're concerned about is it the amazon platform is it e-commerce in general if we're talking about e-commerce amazon has forty to forty five percent of the market right now and i think you know that will entail a and now a sense of market share and discussions and information from the retailers to determine whether amazon actually has market power so the questions are really related to do these retailers have some other avenue to get their products out onto the internet so they can make sales or are they really beholden to amazon and they have to serve through amazon if you can determine that they they do have market power that amazon does have market power well then in the e.u. the a dominant firm has a special responsibility not to distort competition so this would put amazon in a bad position if the european commission were able to show that. amazon does indeed have market power in the united states little bit different because we're ta

we are in europe and b. are the people he does behind hungary government is probably the strongest political party with the most support coming from the people at fifty percent during the past consecutive european parliament elections so that it would be absurd to be indicating that we have no place in the european peoples body or in europe we go for it changing the rules and we go for restating what the original meaning of europe is instead of leaving you. in new york times columnist has been widely marks for asking social media to remove a clearly photo shopped image of the her oic donald trump kevin ware's sworn social media giants that they could easily have blocked the image of trump which shows the president supposedly helping victims of the twenty fifteen texas flooding stress that the image had gone viral and had been shared almost three hundred thousand times on facebook however the public has gone to town on his claims noting the upset city of censoring any altered images. this is is i'm sorry path

chocolate sold in europe comes mainly from west africa but the profits are made in europe. economists wants to change that and revolutionize the market by producing chocolate in africa. i think you're finished with the world for the moment when i started talking about my idea people said i was crazy hendrik don't even try you'll be ruined if it had potential the big players would already be doing it. but the big players weren't doing it refused to give up and has made pioneering strides to produce truly fair chocolates in africa . on business. he set up a pioneering operation here that's brought. chocolate made in africa onto the european markets. sixty to seventy percent of the sales price goes to chocolate producers in europe consuming countries get the biggest share that's a gross injustice. to effect real change and generate income in coca growing countries in twenty thirteen cocoa farmers while backpacking in west africa he realized that no european company was producing chocolate and decided to start his own twenty sixteen he found it there a freak. like you guys were

citizens no longer trust old school politicians what's happening today in europe is that the previous class of europe you know the two politicians were trauma center left center right and which the ruling western european nations to since world war two. lot of people don't trust them anymore we're going to see this rise of new of the new school of politicians in europe to do one thing which is common to all of them which were the view from the right from the left is that they are challenging the european union and everybody is i think really sick and tired of this situation where national politicians are saying well we can't do anything anymore it's all in the hands of brussels and wrestles they're not even communicating to the public because a lot of the technicians technocrats in brussels don't even are not even elected so the people who are deciding on the future of europe and you can sometimes live on two different currents. now returning to our breaking news story the russian defense military says one of its military planes was downed by a missile launched by syria's a defense sy

said we have to take a pragmatic approach in terms of working together with syria other leaders in europe in the world also in europe are condemning mr bolton's roads what is the position of the foreign minister. and that is not only my position we have to cast various instances also inside the european union that we have to work with russia in staying inside if you have magic argumentation but behind such an argument asia it is very important to understand. and you have values so firstly i think there has to be a judgment do you condemn it or not and after this then a discussion can happen do you condemn has to put in its role in the middle east and especially in syria yes or no i am not here about condemning i am you are now you know i'm not condemning how many sent thousands of so i allies are done now and i will they were and they were killed by various various actors and also also russia also russia yes so this is a childish way to condemn russia we have conned damned whatever has happened in syria where alliance is the shah if you are not a ghost i tell you so put in i mean i did yo

guy: anything that stands out to --is the fact you can get deal sam, not a big deal in europe but a bigeal in asia. >> not a big deal in the u.s. or u.k., it is a convenience factor. i would assume under 5% of iphone users will use the dual sim feature outside of asia but in asia a big deal. in asia, greater china, hong kong, they so versions of all three new iphones or you can put to physical simcoe arts and are outside of the country's, you will not be able to do that, more of an electronic system versus more complex because it is not just putting a physical card in. guy: what does that tell us about what is going on inside apple? android phones users have long enjoyed the dual sim ability. is a focus onere what is going on in asia more than other markets at this point in time? >> absolutely. this is the first time they came out with a unique come individualized hardware with different functionality for a specific market. not surprising the specific market is the chinese market. that is one of the hottest markets and has been for some time. ,hey reorganized divisions product developme

of risk/reward, we see it higher there than in europe. y: i was sitting here in new york and you were a u.s. investor, markets aren't looking great, but then you put the dollar overlay on that, and the hedge story is painful. -- before ao see more positive sampling in europe? gabriela: you could see a turn in the euro, but does that harmed the export story, the large-cap story in europe? european equities are stuck between a rock and a hard place when it comes to u.s. investors. something likeay emerging markets has a fair amount of risk. we like to acknowledge that. you can see a catalyst, valuations being fair at this point in time. vonnie: it's been a while since i've used to be -- since i've function on the bloomberg. thank you, gabriela santos. ♪ >> this is bloomberg markets, i'm abigail doolittle. it's time for etf friday. there's been a reshuffling of the sectors this week for the s&p 500. we now have the new communication services sector. telecom was always overshadowed by tech. what can you talk to us about this in terms of intere

playing in europe can be just another burden in difficult seasons in the difficult times rather clubs it's a really useful release and it's a way for them to get their heads back in the game and take a more confidence with the good result i think that could very much be the case for shaka because i think they're probably better equipped the moment to get out the current crisis whereas live it is not i don't see as many roots of the mess that we're going to bring you in ali as well because there is a lot of talk we talk about it actually today here in germany people are very much focused on europe actually almost more than really what's happening in here in germany and how do you see them fairing do you think it is going to be detrimental to their to this sort of this awful stage of their going through possibly i mean last season was a classic example of how this kind of fighting on two fronts should we say can really negatively in fact affected say look at collide they were brilliant the season before last and sells into the europa league and ended up getting relegated of course last

we are in europe and we are the people he does behind the hunger in government is probably the strongest political party with the most support coming from the people of three percent during the past consecutive european parliament elections so that would be absurd to be indicate that we have no place in the or can be pushed by or in europe we go for it changing the rules and we go for restating what the original meaning of europe is instead of leaving. out international at this hour back with more at the top of that. so what we've got to do is identify the threats that we have it's crazy the confrontation let it be an arms race.

so it's about jobs in europe sure if such a form of cure protectionism but there are ways around them for instance having the bike frames that are produced in china finished in taiwan then punitive sheriffs' don't apply the final assembly of bicycles made with chinese frames then takes place in europe. it's an industry that provides one hundred thousand jobs on the continent. when there is glad that protection is tariffs keep chinese competitors out of europe's markets . but the international trade in bicycles is a hotly fought segment and the companies trying to grab a slice of the pie it will go to great lengths to do so. not long after the e.u. implemented punitive tariffs on bikes from china they began to arrive from cambodia . malaysia indonesia and other places when it grew clear that the bikes were actually being made by chinese firms punitive tariffs against those countries were put in place then tunisia began exporting them. and was soon slapped with tariffs. today components for the bikes are still mostly made in china but the frames are finished elsewhere like taiwan. becau

in many countries that income is more crucial than development aid from europe. so wausau goal is to see like i said it's our money going to record it. to see if i'm orderly honorable in my traditional a to city been if he's. going to continue to see my boss it's not something may get you on perhaps a ticket to a weak spot to to do not achieve the wheat from the right wing telling us to be able to. africans want more migration europeans less the twenty seven thousand summit ended in discord and with no joint statement on the issue african nations were left feeling that europe was determined to seal itself off from their continent. frontex is in charge of doing just that we're on our way to the headquarters of the e.u. border security agency. when it was founded in two thousand and five frontex was allocated a budget of six point five six million euros for twenty twenty it's slated to get three hundred forty five million. the number of employees is slated to rise in the same period from forty five to one thousand frontex can also call on thousands of national polic

in recent years this road was also the main route for african migrants try. and to get to europe. we're only allowed to travel here with a security escort. we agree in the hope of finding out what action the e.u. is taking here to stop migration. everyone here is checked to the. police as travellers where they've come from and where they're going. anyone suspected of trying to reach europe is barred passage. that's why migrants now avoid these checkpoints. today we don't encounter any west african migrants here instead merchants from the tribe desert nomads who have moved freely across desert borders for centuries. ago the ground floor of the four zero zero one will lead i'm from new york i want to go to libya my parents live there. used to be a lot more people here the merchants tell us at the rest station. but people smugglers are still cashing in says our driver a member of the aga it is regional council. the desert is big even if you stop it here it goes on elsewhere the smugglers know all the checkpoints and avoid them they cross the desert to get to libya. so i do so the busi

elections so that it would be absurd to be indicating that we have no place in the european peoples or in europe we go for it changing the rules and be called for what the original meaning. now in new york times columnist as being widely mocked for asking social media to remove a clearly photo shopped image of the heroic donald trump kevin race war and social media giants that they could easily have blocked the image of trump which shows the president supposedly helping victims from the twenty fifth texas flooding we stress that the image had gone viral and has been shared almost three hundred thousand times on facebook however the public has gone to town on his claims noting the absurdity of censoring any ultimate yes. there is is is i'm sorry pathetically laughable by many accounts i don't know if he actually thought he was doing people a favor by this where he said listen i don't know how to break it to you but me thinks perhaps this might not be an actual legitimate authentic followed all just letting you know because after all i am the new york times poll expert here just wanted to let you