the election of jean-claude juncker suggests the opposite. ameron might -- set himself up for this battle. buyer losing it, he has raised the stakes. he has created the feeling in britain that with jean-claude juncker and power, renegotiation and reforms will be more difficult. >> do think that is the case? >> jean-claude juncker is a symbol, but he doesn't come with the business acumen that many good one to see in the eu. a course of federalism and closer union. the italian leader says he wants the united states of europe. --t is something that is many across the continent feel the eu should be doing something different. his election and policies do seem to be -- and that will make the process more difficult. but we might get used to tomorrow best. -- to more of this. >> you have released this really letters -- research. you have said that written must secure the you financial regulation reform, a or foist the choice of -- or face the choice of joining or leaving. >> we dubbed it osborne's fort. the rule -- the way that the -- the needs of th

pretty certain they'll confirm jean-claude juncker in the post despite outspoken opposition from the e minister david cameron. mr. cameron said juncker is the wrong man for the job, saying he will block eu reforms which aims to take power away from the union and give it back to national parliaments. mr. cameron initially thought he had the support of german chancellor angela merkel, but that hasn't come through. he's now pushing for a vote despite the fact britain is facing a 27-1 defeat. let's go to my colleague lucy hockings who joins us live from brussels. one against 27. what time do we think this announcement will happen, lucy? >> it is not quite as bad as that because at the moment we think david cameron might have the support of the hungarian prime minister, he's come out and said he might support david cameron. that is a 26-2 defeat. so pretty humiliating for the british prime minister if that is indeed what happens. but in unchartered territory here because never before has a big european country like britain blocked or opposed the appointment of a new head of the european co

are the journalists moving on from the jean-claude juncker thing? still a battle to be fought? >> everyone is snickering about the british press stories that came out overnight the question or ask the question, does jean-claude juncker have a jerking problem? was that the right move for david cameron? if he was behind it. have a drinking problem? was that the right move for david cameron? if he was behind it. >> that is it for "the pulse." "surveillance" is up next. ♪ --expect the unexpected america should finance moderate revels in syria. the spreading crisis in iraq. yields drive lower and we just got years of financial repression ahead. if it's tuesday, it must be belgium -- the usa takes on antwerp. good morning, this is "bloomberg surveillance." it is friday, june 27. i am tom keene and joining me is scarlet fu and adam johnson. gent? you just say >> not jent. >> i haven't heard anybody mention that since social studies. >> we are playing belgium on tuesday. >> we will all know about it by them. >> nothing got done between for0 and 2:00 yesterda

eu leaders are expected to confirm the nomination of jean-claude juncker as european commissioner presidenttain. >>> we're going to stay on that story. mr. juncker also has the backing of the european parliament effectively and nearly all eu heads of government, possibly the hungarian prime minister standing alongside david cameron, but nobody else. they're all ready to vote in jean-claude juncker. what mr. cameron might do, nonetheless, is demand that everyone does vote, a show of hands. that would be unprecedented, and it is annoying some of his eu colleagues, including finland's prime minister. >> i think david cameron is a very principled man and he felt strongly that juncker is a little bit too federate for his liking. i think we can all make mends and all solve the situation and i think in the uk some people really seriously need to wake up and smell the coffee. >> so does look as if mr. cameron is going to fail in his attempt to stop mr. juncker getting that top job. but the prime minister turned up to brussels in pretty determined mood. >> the european elections showed that there is

the main focus was the fight over john card juncker -- jean-claude juncker. despite opposition from written, you will because -- he will become commission president. with the debate about juncker over, attention is turning to the political fallout. >> in the end, david cameron came away empty-handed. he said jean-claude juncker is not meant to introduce reform. only the hungarian prime minister backed him. >> this is a bad day for europe. it risks undermining the position of national governments. it risks undermining the power of national parliaments. enhanced new power to the european powers. -- it hands new power to the european powers. >> 26 of the 28 said yes to juncker. >> it was logical. it was clearly indicated the leading party should have, after the european elections, the capacity to designate the possible candidate for the presidency of the european commission. >> juncker was the candidate put forth by the conservative bloc which cannot top in european elections. after the public standoff over juncker, german chancellor angela merkel selected proced

coming up on the show -- >> it's a done deal --eu leaders picked jean-claude juncker for the top post. we will tell you why it is a defeat for britain. >> the ukraine and european union make it official with a landmark trade agreement. we hear from kiev and moscow. >> after weeks being held by separatist in eastern ukraine, for observers from the os the er finally free again -- 4 observers from the osce are finally free again. we start off here in europe where eu leaders meeting in brussels picked jean-claude juncker as the new president of the european commission. >> but not all leaders were happy with the nomination of the former prime minister of luxembourg. his appointment was overshadowed by british prime minister david cameron's vocal opposition. >> although tensions risk boiling over, nearly all member states through their support behind the eu veteran. but the heated dispute could still prove a turning point in the relationship between the u.k. and the european union. >> it was a bitter blow for british prime minister david cameron. he had fought jean-claude juncker's nominati

germany's angela merkel supports john claude -- jean-claude juncker to take over the european union. they commission to create standards for investigating sexual violence in war zones. it is time for the business news next. we are looking at showdowns between the world's biggest sports makers at the world cup in brazil. champion spain, or the home nation brazil? the world cup will be full of those tools, and one of them has already started. campaigns to win the world cup in branding. adidas'srying to spoil party. >> a fierce battle over brand supremacy is already underway. adidas may be the official fee sponsor, but it is outnumbered by nike 14 jerseys. international teams, versus adidas's nine and puma's eight. >> we have great teams, including european champion spain, asia's champion japan, africa's best, nigeria, and central america's top team, mexico. >> nike is the world's largest sports brand. adidas has 12% of the global sportswear market. world cup balls have borne the adidas logo since 1970. now, nike is catching up. to a whoppingse $1.9 billion last year, not far behind adi

the content for the presidency, jean-claude juncker, said that despite the gains they have not won theection. of them together, the socialists, the livebrt erals, they have clearly won the election. onesieal democrats also -- won seats. [applause] in ukraine, the billionaire businessman petro poroshenko was declared the out right winner of the presidential election. they gave him over 54% of the vote. he said his first priority would be to restore peace to the country. to moscow and out pro-russian forces in the east mud but he ruled out any talks with armed separatists. they are just killers, terrorists. if they want the support of these people, no way, no chance. militant separatists immediately took over the airport, and were responded to by airstrikes. killedds were reportedly in a fierce battle. francis rounded out his and to the wailing wall, laid a wreath at the memorial. during his flight back to the vatican he spoke out against child abuse in the catholic church, and promised zero tolerance for any member of the church is so sexually abuses a child. six weeks after the inducti

netherlands said they wanted to focus on the future of the eeo -- the future of the eu and not jean-claude junckerdavid cameron did not repeat warnings that britain could leave the eu if jean-claude juncker is confirmed. >> i want britain to stay in a reformed european union. that is my goal. i think that is best written and europe as well. >> chancellor angela merkel says she supports him but did not want to discuss appointments in sweden. >> we have already said that that you commission presidency would not be the focus of our discussions. we wanted to do what had not been done as often as it should. we wanted to discuss topics that mattered to the citizens. >> the four leaders were tightlipped after the summit. a source close to david cameron said that talks were productive, but the debate over jean-claude juncker was still not resolved. >> the german foreign minister has traveled to russia for the first time since the outbreak of the ukraine crisis. >> he held talks with his polish and russian counterparts in that ending the conflict. he told reporters that he has seen a willingness from all s

i think it is important that jean-claude juncker puts forward an economic reform agenda which is very close to the british one. >> but thursday's commemorations were not about today's political winners and losers but instead about something much bigger -- the rush towards a war that tore europe apart. >> it is about how it could start, about the mindless march to be of this, about be sleepwalking. >> a century after world war i, europe tries to solve its problems with diplomacy and not force. thursday, they remembered a different era. >> while covering the commemoration services is our correspondent wonderful to see you. it begins in a highly symbolic location. why did they choose that backdrop for the meeting. >> you are right -- it was a very truly moving, very private and why it ceremony. in a way, that was the intention when eu leaders were invited. he said he wanted a ceremony testifying what modern europe is, a project of hees, solidarity, collaboration between the various european nations, and he wanted to set the tone for the discussions of this summit because the eu' eight le

named jean-claude juncker to head the european commission in the face of bread are up -- did her opposition. theng renewed calls to quit 28 nation bloc after he found himself blocked only by hungary and his attempt to stop the federalist figure. dayavid cameron started the and later he was proved right. only hungary docking the british prime minister after he was abandoned by the netherlands and sweden. blocking therets vote on becoming the next president. >> we could have found alternative candidate who supported and command the support of every member state agreeing together on the best way forward. i think it's a serious mistake that other leaders decided to abandon that approach today. >> he says he is honored by the nomination. eusays it makes a british exit more likely. german chancellor angela merkel was quick to offer reassurance. if you look at the conclusions today, we have shown very clearly we are ready to address british concerns, british issues. whole look closer, the strategic agenda reflects british ideals that i share incidentally. this from last germany andons, france prom

as you mentioned, chancellor merkel reiterated her backing for jean-claude juncker. she said he might be nominated by european leaders even against the opposition of some governments. he does face opposition in particular from the british government. david cameron, the british prime minister doesn't think he is the right man to create reform, but chancellor merkel indicating today that she's going to let it come to a confrontation at the upcoming european summit. or generally, the chancellor warned that the euro crisis is not over yet and that european governments have got to stick together to overcome it. she said the stability pact rules do allow for some flexibility for governments to take measures to stimulate growth, and that flexibility should be used, she said, but the government here doesn't want to change the budgetary rules. they want to keep the emphasis on economic reform. >> let's look at what the opposition are saying. the opposition leader is very strident in his criticisms. tell us what he had to say. >> the leader of the left party pointing to what h

independence party is coming a jean-claude juncker residential appointment. more on that debate later. prosecutors say that news corp. faces possible corporate charges related to phone hacking and bribery. more on those next. ♪ >> i am anna edwards. this is "on the move." investors are digesting comments from japan's prime minister shinzo abe. in an exclusive interview with bloomberg, he declares an end to the deflation that has crippled japan's economic growth over the last 15 years. getting out of the relation has been the great theme of the abe administration over the last year and a half. through bold monetary policy, flexible fiscal policy, and the growth reggie, we have wished a stage where there is no deflation. at the same time, we raise the consumption tax by three percentage points to 8% in april to in order to improve. there was no other way to achieve and escape deflation at the same time as restoring fiscal health. while overcoming this in april, we wanted to make sure we did not trigger a red light on progress towards overcoming deflation. this

let's start out with you hans. >> we will be looking at jean-claude juncker.l be chosen at the next eu president on friday will be a headache for david cameron. ryan? my radar.ries on i am looking at the prospect of more sanctions against russia. we learn the u.s. is preparing another batch and what is next for news corp. following the trial in the u.k. prosecutors say they may pursue a corporate case. it is a motley bunch of stories but i can handle it. >> thank you very much. that is what the markets are watching. european markets opening. let's check in with manus cracking -- cranny. >> a motley bunch of stories for ryan chilcote. let's look at what this motley map can give is in terms of equity markets. abe says that deflation is dead. goldman sachs says that you can buy the topix index and get a target of 1450. added $22 billion in new funds to hedge funds in the month of may. you're today, that is nearly $93 billion. the best year since 2007 with money growing

on the agenda, the next eu president jean-claude juncker's bid has been dealt another blow.he swedish prime minister is voicing his concerns about the process for filling the position. we are joined by the head of macro credit research at rbs. the queue for coming down. opposition to candidacy seems to be growing here. what are the prospects for him actually getting the job? >> a lot of investors underestimate the importance of european parliament. i think the decision in the end comes down to who decides which is the most important legislative arm in europe. juncker is the leader of the leading party. his country says you should take that into account. >> take it into account. >> if you pick an external candidate who has basically just a phone line to berlin and paris, you underplay the real decision power of the eu. i think we need a stronger europe going forward. i also think the you k's card in this is a little bit in domestic politics. the weakness of the conservatives versus ukip. or is this referendum about a possible eu membership. is it realistic that the u.k. could

what do you think of jean-claude juncker?i have had a lot of contact with him when he was president of the euro group. i am not frightened of him. i think he was very while he and his negotiations. he is from luxembourg. he understands financial markets. in my book, that is a big plus. there are other worthy candidates around. at trying toeffort involve and democratize the process. that has notnk been terribly successful, other than perhaps in germany and austria. nevertheless, it was an attempt. i am less fearful than everybody in the u.k. yes, maybe he is a federalist, but not at the expense of losing the u.k., not at the expense of pragmatism, i don't think. >> this has been built up and do something really quite major. people are talking about this being the in and out moment for britain. if he gets the job, it will further accelerate a path to an exit for britain. away allt want to give negotiating tactics, but i would have thought that a graceful acceptance and then may be getting something of a good way to go. >> is th

its try to present them to our viewers that the people can identify who jean-claude juncker, who martinly, i don't think anyone ever heard of scott keller. so that's what was very exciting about this. it also was brought home some to the really many europeans don't know who they are. it comes back to what anne the sink and 43.1% of the electorate voted. so as it turns i found it very exciting. i think generally people have been quite apathetic about europe. so, therefore, even though we have this great, this interesting backdrop and if your skepticism, yet economy in so much trouble, people could be bothered to vote. so the debates were great. to the fire of interest talks the jury is out on that one. and so i think the contest was probably followed more closely in the european election. >> thank you. but just as a matter of statistics. the u.s. congressional election to both the presidential you and the author average about the same. the year when there's not a presidential election actually participation in u.s. congress is less. so was a 43% is not very impressive, you know -- >> but

hasn't he just rallied support behind jean-claude juncker in berlin, for instance?think we have arguments when it's regards to principle. we don't agree with the idea that the party groups should appoint front runners very much in advance of the election to european parliament because it disqualifies a lot of candidates that could actually run for these important positions. and here we are like minded. i've been in principle against that. therefore, i am now trying to respect the way the process should be done with the european council president consulting with the countries. but what we have agreed today is what is the content of what this commission then should do. that's very important. that's very often forgotten. people are asking more to see the results rather than actually the name to lead. >> and parliament will vote, but you're quite clear it's the heads of state, the council that needs to decide on the name. and they should have their autonomy to do so. >> it's a balance between the two. we'll present a qualified candidate, and the european parliament will

. >>> i know the odds are stacked against me, but jean-claude juncker as commission president is wrong, those are the words of david cameron. let's go out to julia for more. we just saw evidence of that agreement being inked. >> absolutely. and i don't want the situation to detract from that, but as you were rightly saying, he is very isolated on this decision. that doesn't mean there aren't some sympathies. both the dutch and swedish prime minister say they disagree with the way this decision has been made, stripping powers away from the national government towards brussels. i did catch up with the finish prime minister and asked him how europe can make this up to david cam ro to soften the blow and the embarrassment back home particularly given this is likely to give further fuel back to euro skeptics back in the uk. >> first of all, we need to build some bridges. i think it's very important that the program that juncker puts forward is market driven. i support that very strongly. we need to focus on the internal markets, we need to focus on free trade, we need to focus on the free m

david cameron campaigned against jean-claude juncker, who favoured a closer political union, and it's feared it could result in him leaving the e.u. nearly half the respondents in the u.k. will vote for britain to leave the bloc. >> a masked gunman were culled and two wounded in the gaza strip. israel said it launched a series of air strikes in gaza targetting weapons factories. it was said to be in response to the firing on saturday. israel says palestinian fighters fired 60 rockets into the territory. we have more from jerusalem. >> the israeli mill itry says 60 rockets have been fired to the gaza strip since friday. two salafists travelled to the vehicle. they were members of resistant committees, they were accused of firing rockets into israel. saturday night two rockets hit an industrial zone in the south of israel. one hit a factory. there were no casualties that have been reported. this comes at a time when tensions was high. the israeli military conducted military operations. 2.5 years ago three israeli settlers wept miss, two 16-year-old and a 17-year-old. israel blames hamas

david cameron is campaigning against the new leader jean-claude juncker, who favors a closer europeanon, which could result this britain leaving the e.u. there's a suggestion that afl of the respondents in the u.k. would vote for britain to leave the block in a referendum was held. >> a lawyer hired by general motors is expected to outline the details of the automakers compensation programme. it's been set up by the company to victims who suffered injuries, due to faulty ignition switches, we have this report. >> there's no reason that only two weeks after he died, he got the first recall. they knew about it. >> their stories of loss have been broadcast internationally. >> g.m. needs to be held actable. >> now g.m. says it will make amends. it is to decide on the price of a life. he oversaw the claims of 9/11 victims in a process that saw bankers receive more money than waiters based on earning compensation, and was paid millions by bp, to settle claims following the deep water arriving disaster amongst criticism he was shielding the disaster. g.m. acknowledges 13 deaths and accidents

the crucial question is why is he so against jean-claude juncker?en as a federalist and perhaps as somebody that isn't a new face. it's a difficult sell to british voters who wants to see the uk reform and want to see change within the uk going forward. but he's also seen as somebody that actually can compromise. he speaks three languages and can bring all five together. so the crucial question for david cameron now is can he accept the olive branches likely to come from the germans and from the other eu and sell those olive branches and the compromise message to british voters back at home? louisa, back to for that. we need to take a look at some of the other top stories today. the london stock exchange is buying frank russell for $1 is.6 billion pounds. they unveiled a 1.6 billion rights issue. frank russell is a privately owned asset manager known for its business which includes the russell 2000. >>> john paulson has reportedly built a $1 billion stake in allergan and is backing the takeover of valeant. 2% of allergan makes him a top 15 investor.

eu summit as said to be a tense one where politicians have been lining up behind jean-claude juncker. much to the dismay of cameron who was standing in his opposition. hans nichols has been following the showdown. give us a sense of the horse trading. what does the centerleft get in return? >> we know they got one position and that is the president of the european parliament and that is martin scholz who is a centerleft candidate. the social candidate for the eu commission. the big question and a lot of speculation this morning is what to do they get, the left-wing wing politicians, in terms of concessions? did they get anything on loosening? what did they get there? center politicians meeting in paris to give their support behind junker making it likely he will be elected president of the eu commission. there is opposition. cameron.ned david the swedes are opposed added the dutch. what it means is the meeting will be thursday and friday in brussels and to what extent is it going to be accomplished, a finished product? or is there more horse trading to take place? we are going to try

jean-claude juncker's candidacy may be smothered today. david cameronand and dutch prime minister are in sweden to discuss who will take job.u's top hans nichols joins us from berlin. juncker's won the most seats in last month's european elections. can he waited it out and hope it will come to him? for the politicians are getting their heads together and it will be tougher? >> he cannot wait it out. time is not on his side. moreonger he waits, the opportunity for a replacement, additional compromise candidate. christine lagarde said it would not be her. when you hear from the british and they are leaving this anti-juncker charge, not so subtly, they really want to have a female and that top job. for them to sing the younger tendency. you look at the opposition. sweden and holland are opposed. opposed.o the question in all of this is how firm and strong is angela merkel's support or issue willing to trade it away and give david cameron a political so cameron can go back to voters is that i am influencing things and it is better for us to st

in a controversial move, european union leaders nominated warmer luxembourg prime minister jean-claude junckere top job. britain is considering leaving the eu. u.k. prime minister david cameron opposed the nomination. like rock advisors confirms it received a written notice from the scc staff. the official request for information relates to a situation involving a former fund manager. blackrock says it is cooperating and does not believe any violations of provisions take place. carlos slim is taking over a latin american phone company. at&t is unloading the unit after agreeing to pay $48 billion for directv. those are the top headlines. >> thanks very much. go pro's initial public offering proves a success. got aker of tiny cameras giant vote of confidence from investors today. shares are up nearly 50% since its ipo yesterday. thrill seekers who want to use go pro cameras to make action videos may soon have another option. it is called the airdog. it uses go pro cameras and is designed to follow people on their adventures automatically. rozentals, by edgars the chief executive of the maker of

speculation that they did have looser austerity rules as a result of supporting john claude -- jean claude juncker. the leftist center parties are firmly behind juncker. this makes it likely that he will be the next eu commission president. here are the countries of support. he has merkel in his camp. she is backing him more publicly now. we still have david cameron and the hungarians opposed. less so, the swedes as well as the dutch. the question coming into this meeting is, will it be a coronation and is this going to be a humiliating defeat for david cameron? >> thank you so much, hans nichols. joining us live from berlin. the u.s. secretary of state, john kerry, has just landed in iraq. he will hold talks with political leaders after a weekend which saw gunmen take control of all border crossings and jordan. elliott gotkine has more. he is live in tel aviv. terrifying things coming out of iraq. things seem to be going from bad to worse. and a sentiment of urgency among u.s. policymakers now. we have seen the further developments after the iraqi insurgents took the second-biggest city just the

prime minister david cameron has waged a war against jean-claude juncker's appointment.ng us now to discuss this is howard sykes. welcome to the program. thank you very much for joining us. david cameron confirming today that he is going to stick to his principles over the juncker question of his appointment. has he picked the right fight? >> i do not think he has picked it. it has picked him. in some ways, i think that where he stands is absolutely correct. it is nonsense to have a vote on eu membership, which it is clear a majority of people want. without trying to address the the eu ishat presenting to the british economy. he needs to be able to have someone sensible to be able to negotiate with. uncker ends up getting the job, there is not going to be skilled for a sensible discussion. >> the trouble with david cameron is that this disagreement goes right to the heart of what he is trying to sell to the british people. he wants there to be a referendum, but he wants us to stay in a reformed europe. onwould argue, relies change. it is difficult to get his view of chan

david cameron is holding firm saying jean claude juncker is not only the wrong choice but illegitimatehoice. he thinks voter want a reformer of the eu. he's up against every of eu leader including angela merkel who says jean claude is a great european and she backs him wholeheartedly. i think peopling to people here, that won't be talked about this evening. lead leader will gather to remember those that died in the war almost 100 years ago. there may be talk about football. you mentioned the u.s. germany game. merkel is thought to be a football fan. other talks may be saved for the meetings in brussels tomorrow. >> thank you very much indeed. >>> it's two and a half months since afghan voted in presidential elections. they're waiting for a i new lead tore take the country forward. election officials delayed the announcing because of fraud allegations. >> the people of afghanistan may have held second round landmark elections, but they don't know who the president will be. this is the center where the count is going on. ballot blue boxes have the result sheets that have come in from pro

angela merkel wants the job to go to jean-claude juncker.he three others remain opposed to the idea. >>> the actress angelina jolie and the british foreign secretary william hague have joined forces to host an international summit looking for ways to end sexual violence around the world. the concern is that rape is being used as a weapon of war in many conflict zones. more than 100 countries are attending the summit here in london. >>> there's been widespread violence in iraq where the northern province of nineveh has fallen to militants. hundreds of gunmen launched an overnight assault on the city of mosul. this coming as twin bombings kill at least 20 people in the city. >>> do stay with us here on "bbc world news." still to come on "gmt," trapped in the darkest depths of the earth. we'll bring you the latest from southern germany and speak to a rescue team trying to save one man stuck in the country's most treacherous cave system. hey, razor. check this out. it's time to get a hotel. we can save big with priceline express deals. hey you k

the european left has lined up behind jean-claude juncker. what did the centerleft get in return? what is the latest from the centerleft? that's where we have heard the latest information, isn't it? >> this is coming out of paris. in return for supporting merkel they got the head of the european parliament. is did they get policy concessions? there is a lot of speculation that is the deal this morning. here's where it stands at the end of this week. around eight or nine countries junckup behind younger -- er after that meeting. we know david cameron is opposed. you have sweden and the netherlands. their opposition maybe a little less strong. if cameron loses this it will be an embarrassing defeat. there will be a lot on why he decided to make this an issue for fighting on. >> what is going to happen next? we haven't eu summit later this week, haven't we? >> we have cameron meeting today. we will see how firm he is in his opposition. the question is does he throw in the towel. and when eu leaders get together in brussels whether that will be a coronation and whether cameron chooses

. >> david cameron stands firmly asinst jean-claude juncker the european president. so does nick clegg. he spoke to anna edwards but he disagrees with cameron about whether the u.k. should leave the eu if juncker gets the job. nobody is perfect. he needs improvement. but by golly, we need to stay in it to deal with all of the things that you cannot deal with . borrows also pledging to money to build new homes in the u.k. he says he wants to "rake the over statees taboo support for house building." >> now for a bloomberg exclusive. but she olivia's gig, has been talking to mark mobius. >> i asked him who impressed him most this year and you are not going to believe it. have a listen. >> maybe -- he has shown a great deal of control and restraint, being very logical in his decisions. >> we pushed him on this. i asked if he was concerned about the business environment in russia. goes on.o, business he thinks the market has been oversold. we asked if he was selling out of equity positions in russia right now. he said absolutely not. he said the recovery in russia has a lo

opponents at home, we caught up with nigel cronje, he could not imagine a better outcome than jean-claude junckers perfect for the eurosceptics. he refuses to believe that the public has a proper understanding of the european project. he belongs to that very outdated school of eu thinking. >> here is how the next couple weeks are going to unfold. more personnel decisions on how and who gets what jobs in the commission. then there is a question of policy. i know we like policy as much as personnel. then we can really dig into the weeds about any potential changes to the stability pact. >> i heard you call me francine, i'm going to make you tell me the transgender joke over the break. took, we will look forward learning the punchline. angela merkel at the bundestag, talking about the fact that poroshenko is going to the meeting friday. what is she saying vis-À-vis juncker. him,as clearly supported she almost has. nevertheless, is she giving any hints that there is going to be some sort of help for david cameron? or is she going to tow the line on this and get it done with and then maybe try later.

rex the longer his name is out there, the less likely jean-claude juncker is going to be president ofhe commission. it gives his opponents time to find a compromise. time is not on his side. neither is gender. you are hearing from the british it is time for gender equality. what name tossed around a lot is christine lagarde. she definitively took herself i have ae running. >> job. to anyt a candidate other position. i think it is a relatively important job at the moment. we are not out of the crisis. we need to continue helping countries out of the crisis. the imf is a strong institution that needs to continue going forward. participate in that. >> one problem, the opposition is clear. sweden, holland, also italy is not overly excited about the haveect. he doesn't someone championing his cause. that should be angela merkel. his party won the most seats in the parliamentary election. what is angela merkel actually thinking. it seems she actually supports him. she is willing to sacrifice for the larger goal of keeping david cameron happy. >> what else is on the agenda? >> there will be

-- jean-claude juncker's side or not? is for another candidate to emerge. it does look like the prime minister of sweden is lining up against juncker, playing for more time. arethese forces in general making calls, trying to find a different candidate. here is what happened going into the meeting. cameron was very firm that if someone -- that someone like juncker should not be picked simply because their party wanted a plurality of the votes in the may elections. we should be the ones to choose. is cameron. to choose who should run these institutions, rather than accept a new process that was never agreed. there is one point on the upside candidacy.cker angela merkel seems to be a little more forceful and proactive in defending juncker. here is what she said. she said she would use all of her discussions to lobby for him. that is a bit of a shift from her. in the past, it seemed that, while publicly, she was for him, i really, it was unclear how much she was willing to risk, to gamble. now we have yet another discussion th

you have this giant proxy fight whot jean-claude juncker was a prime minister for 18 years and left in scandal not of his doing and is the prime minister of a country with half a million people and that's with the big fight is about. you can see both sides marshaling their forces and having a fight over someone other than him. now we happen to have all the stories about his drinking and his wine closet and the smoking. there are old phone booths that have been converted into smoking lounges all around here. i will save them for you. >> thank you so much. silly but to europe is it is important. >> it is, if only to guide the conversation. >> we've got more coming up on "surveillance," including the tle willfounder of chipo join us. our twitter question of the day is -- this is "bloomberg surveillance." ♪ >> good morning, everyone. futures are -4 and dow futures are negative five. of ukrainians are fleeing their country hoping to find safety in russia. they are crossing the border and those living say they fear their children are not safe and they will never return, they say. the cease-f

cameron is risking isolation by his continued opposition to leading candidate jean-claude juncker.ase-fire extends friday. the u.s. says russia has sent thousands more troops to ukraine border. let's get back to our top story. the advances made by jihadist rebel group isil in iraq. this video shows air strikes from militant positions near the beiji refinery. despite the superior firepower, authorities have admitted the sunni insurgents have taken control of the refinery. the complex supplies about 1/3 of iraq's fuel. there is petrol rationing in the countries. this chart showing the performance over the last month, fory 3% but trading lower the third straight day. richard joins us now. ryan is with us on this as well. talk to me about the beiji refinery, why it matters, it has been taken by the insurgents. what is the significance of this? >> the beiji is very intermittent -- very important in terms of iraqi supplies and the neighboring countries, jordan supplies -- depends on it. turkey received some of it. the loss will increased uption. the other thing it does is takes out some

prime minister, do you feel isolated among your eu leaders about your position on jean-claude juncker, and who would you like to get the job? second, do you feel pressure from president obama about your position of keeping the u.k. in the eu? thank you. >> first of all, the relationship between the united states and france has never been stronger. range of issues, we are seeing intense cooperation, and i'm looking forward to seeing president hollande this evening to talk about a range of issues and continue the work that was done here in brussels. answer on the banking cases is short and simple -- the tradition of the united states is that the president does not in prosecutions. we do not call the attorney general -- i do not pick up the phone and tell the attorney general how to prosecute cases that have been brought. i do not push for settlements. a cases that have been brought. those are decisions that are made by an independent department of justice. i have communicated that to president hollande. this is not a unique position on my part. perhaps it is a different tradition than e