in germany, armin laschet secures the nomination to angela merkel's cdu. markus soeder, the leader of the smaller sister party, conceded earlier today. >> armin laschet will be the chancellor candidate for the union. guy: let's talk about the implications of this. benjamin schaefer joining us now from -- daniel schaefer joining us now from frankfurt. i am looking at the polling numbers and wondering how big a risk the union is running on opting for him as their candidates going forward. how big a challenge is the union going to face? daniel: this is definitely a big risk they are taking here. by deciding on laschet, who is the much less popular candidate compared to soeder, they are taking a risk in the sense that he will have to play a lot of catch-up in terms of his own popularity, but also in terms of the power ranking of the cdu itself. you have to remember that in the past two months alone, the cdu lost almost 10% in the polls. so not only his own standing, but also the party's standing itself has lost a lot in recent weeks. now, laschet is a moderate

, yet the leadership of the cdu voted for laschet.? simon: i think they wanted to give their backing to their man. armin laschet was just chosen as the chairman of the cdu party in january, so he's got a certain amount of impetus within the party. i think there's a feeling from the cdu that they are the larger of these two parties and they should have the priority that -- particularly in big decisions, like who is going to be the candidate to run for the nation's top political office. that's why they wanted to clear this question clear the air, as they probably saw it. this evening, he has made it clear -- soder has made it clear he won't go along with the decision. brent: who do we expect the conservative candidate to be? >> markus soder says we should think about this for a few more days. we should listen to what different sections of the party are saying, members of parliament and local party associations, and have a good think about how we can get above where we are now in the polls, perhaps on the wrong side of 30% in the latest

soder or laschet soder was not looking to expand the coalition.dding they were both suited >> translator: expectation to come to a shared resolution regarding the question of the candidacy of chancellor. conversation was not conclusive. we established both are suitable and willing. >> let's get out to anetta with more we are talking about this when you had interview mr. shultz talk about the candidate you would think the presumed candidate for chancellor would be the leader of the cdu party in this case, laschet. what's going on here >> that's the case if you look at popularity, that is crucial when it comes to soder and now laschet. only 15% of the germany think he would be a good fit as chancellor only 5% think soder would be a good candidate soder was saying he was prompted by the high showings in the poll and that prompted him to run for chancellor to give you an idea of how significant that is, twice in the lifetime of germany, post-war germany, a csu candidate was running for the chancellor essentially, both men failed it is a tricky issue t

laschet is the chairman of the c du. continue merkel's moderate policies if he wins. authorities in tokyo have been urging a state of emergency just three months before the start of the summer olympics. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. >> you're watching "bloomberg markets." i'm erik schatzker in new york. the spectacular collapse last month of archegos is the exactly -- is exactly the kind of event that captivates people like sandy rattray, chief and desmet officer at man group -- chief investment officer at man group, the $100.5 billion hedge fund . he's even written a book about it, "strategic risk management." good to see you. you have identified a risk in the fallout from the archegos collapse, and it concerns counterparties. the wall street firms largely that investors like man group and others have to deal with. tell me about this risk. sandy: the risk is really that the

the various -- bavaria's csu is backing soder and the cdu is backing laschet.ng us now for more is our german government reporter in berlin. what does the split within the conservative camp mean for the national elections in september? >> good morning. when angela merkel will leave office in september, it will be the end of 16 years of conservative rolling. her potential successor -- we might see the victory of a left or green government. mark: good morning. what exact role will merkel play in all of this? >> she has made clear from the very start of the process that she will keep out of the race of her succession. now though we hear she is increasingly concerned about the open power struggle between these two men. because she realizes the effect on the party's chances to win the next election are extremely negative. anna: what do we know about who would stand the best chances of winning the candidacy? and on what basis is that decision made? there is the division between the cdu and csu. >> it is a bit strange in german politics. the cdu leader laschet still h

premier markus zurder from the christian social union and chair of the christian democrats armin laschetn, damien mcguiness, explained the significance of today's developments. we're in the run—up to a general election here in germany injust five months. the country will choose the new government and the new chancellor. as you know, angela merkel has been chancellor for 16 years. she has said that she's not going to run again, so that means someone else will take the job. now, these two parties, as you say, are two sister parties that make this conservative bloc, which angela merkel is head of. the problem is angela merkel remains popular. the conservatives, though, are losing popularity, so there's a sense of panic behind the scenes. those clips we both heard from those two leaders sound harmonious, don't they, but in fact there are real bitter rivalries behind the scenes. both these men want the job. 0rdinarily it would go, the candidate for the chancellor would go to armin laschet, who is the head of angela merkel�*s cdu centre—right party. the problem is he's not very popular with vo

armin laschet would be likely to continue merkel's centrist policies if he wins.ohnson & johnson posted better-than-expected first-quarter results, plus the company raised financial guidance for this year despite the setbacks of the fallout of its coronavirus vaccine. they are awaiting word from regulators on whether use of its vaccine can resume after a small number of people who received it developed rare blood clots. former u.s. vice president walter mondale has died. mondale served under president carter, where he was seen as redefining the role in 1984. he was the democrat nominee for president -- the role. in 1984, he was the democrat nominee for president. he warned voters to expect a tax increase and lost to president reagan in a historic landslide. walter mondale was 93. >> i went to my first movie this morning at an imax theater here in new york city, and as soon as the screen went bright i said, i have zero concern about streaming. it is a completely different experience. >> that was the imax ceo on the situation with theaters across the country. alongs

the csu has backed armin laschet a permit but it doesn't mean he will get the position, because margaretthe head of the csu, is there and he is far ahead in the opinion polls when it comes to the german public believing that he will be a better candidate for the role. again, all is up in the air. that people expect an answer as to who will be the contender for the main party in september's elections within the week. anchor: moving to political developments in latin america, peru will hold a runoff vote in june after no candidates secured a majority following a fragmented first round of voting. a socialist entered unit -- trade unionist pedro castillo was the favorite. he is likely to face a run-up from the daughter of the former president who is in prison for human rights abuses. she is currently also under investigation for corruption allegations. also, is surprise prize result in neighboring ecuador, where the winner, guillermo lasso is promising he will bring true change. the former banker is promising to bring investment in boost the economy after beating his left wing rival. his riv

armin laschet says he'll think about it over easter.he time for reflection is over. translation: in the short-term, it would be the right thing - to do, given that infection is rising exponentially. but in the long run, we need a different strategy. a long—lasting lockdown is unbearable for the people. surveys suggest that most germans would support a lockdown, but they also reveal that this country is getting fed up. as you can see, it's not nice. one could say devastating — that we are not getting out of the situation. i think england, withjohnson, is currently doing better in vaccinating their people — to be more pragmatic and to get at least the first vaccination done. people ask what's gone wrong for germany. some point to inflexibility, a reluctance to adapt structures and systems, but many more blame its political leaders, who have been unable — unwilling — to agree a common strategy. it's cost lives and, come the september election, it could cost angela merkel�*s conservatives another term in office. jenny hill, bbc news, marbur

the leadership of germany's christian democrats has unanimously backed the party leader, armin laschetcandidate to succeed angela merkel as chancellor. however, no formal decision has been made, and talks with the cdu's smaller bavarian sister party, the csu, are continuing. the foreign ministers of all the g7 countries, including the united states, britain and france, have condemned an increase in russian troop numbers near its border with ukraine. the joint declaration comes as ukraine says another one of its servicemen has been killed in clashes with russian—backed fighters in the east. the kremlin said yesterday it wasn't moving towards war, but wouldn't remain indifferent to the fate of russian speakers, in eastern ukraine. stay with us on bbc news, still to come: customers rush to hairdressers, and the high street as non—essential retailers in england and wales re—open after more than three months. pol pot, one of the century's greatest mass murderers, has reported to have died of natural causes. he and the khmer rouge movement he led were responsible for the deaths of an estimat

armin laschet says he'll think about it over easter.r reflection is over. translation: in the short-term, it would be the right thing to do, i given that infection is rising exponentially. but in the long run, we need a different strategy. a long—lasting lockdown is unbearable for the people. surveys suggest that most germans would support a lockdown, but they also reveal that this country is getting fed up. as you can see, it's not nice. one could say devastating — that we are not getting out of the situation. i think england, withjohnson, is currently doing better in vaccinating their people — to be more pragmatic and to get at least the first vaccination done. people ask what's gone wrong for germany. some point to inflexibility, a reluctance to adapt structures and systems, but many more blame its political leaders who have been unable, unwilling to agree a common strategy. it's cost lives and, come the september election, it could cost angela merkel�*s conservatives another term in office. aid agencies in mozambique say nearly 10,0

laschet says he wants to resolve the standoff swiftly. eight warnings of an increase of russian troops on the ukrainian border. the number of personnel has grown to 150,000, the largest ever. the eu did not say where it obtained the figure, but it is an increase from the numbers provided by ukraine. moving ahead with plans to stop the breakaway competition. conversations with centricus over a financing package a day after 12 of the world's richest football clubs announced their new competition which has been heavily criticized by domestic league's, fans, and politicians. global news, 24 hours a day, on air and at quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. anna: president xi jinping has called for greater global economic integration and warned against decoupling while calling on the u.s. and its allies to avoid bossing others around. >> the future of the world should be decided by all countries working together. we must not let the rules set by one or a few coun

armin laschet, as party leader, is the one who should have got the nomination.n's unemployment rate fell for a second month in a row to a.9%, that's for the period from december to february. more than half of the 813,000 jobs that have been lost in the pandemic belonged to people under the age of 25. meanwhile, calls from young people struggling to find a job and struggling to find somewhere to live have increased by 33% during the pandemic, that's according to centrepoint. the charity, which works with under 25s, says family breakdowns during lockdown have been one of the key factors for the increase. emma glasbey reports. as we've been reporting, the latest figures show that the past year has turned many lives upside down. the first lockdown leftjamie home less. only 20 he has been through a family breakdown. he is now living in barnsley supported by the youth homeless charity centrepoint. how did you find it when you came here? i didn't like it at first. but then i got to know the staff and i realised not to be scared. i just chill with everyone and i got use

and support laschet should that be their decision.eeing how they are reacting to the decision, he is doing better than him in the polls and take the policy forward into the election because of that. annmarie: i was telling manus, this is the most exciting i have seen german politics ever my entire adult life. how this drownout public spat affecting merkels block before going into the election without her at the helm? >> you make it clear, annmarie, it was without merkel. they need to try and make an election campaign without her at the forefront. and they are still have to be said doing better in the polls compared to the other parties, we're still several months away from the election and they are the most physical party. we saw their key rivals, the groups come up with their own chance. a young woman who was being compared in some ways to an alternative to the c.d.u. with a centrist option like merkel was. it might be that they see someone like anna as a threat to their own polling. annmarie: aggie, thank you for that. she will be a

the leadership of germany's christian democrats has unanimously backed the party leader, armin laschetngela merkel as chancellor. however, no formal decision has been made, and talks with the cdu's smaller bavarian sister party, the csu, are continuing. princes william and harry, have paid separate tributes to their grandfather the duke of edinburgh. william described prince philip as an extraordinary man from an extraordinary generation. harry wrote of him as a master of the barbecue, and a legend of banter. here's our royal correspondent, nicholas witchell. he was there for them at their moment of greatest anguish, walking with a young william and harry behind the coffin of her mother after her death in a road accident. and the bond between the grandfather and grandsonis, on whom so many hopes rested was a deep one. in his statement william says he feels fortunate to have had his grandfather's enduring presence to guide him through good times and the hardest days. he recalled the special memories his own children will have of their great grandpa, coming to collect them in his carriag

armin laschet says he will think about it over easter.ests that most germans would support a lockdown, but they also reveal that this country is getting fed up. as you can see, it is not nice. one could say devastating that we are not getting out of the situation. i think england, withjohnson, is currently doing better in vaccinating their people and being more pragmatic and to get at least the first vaccination done. people ask what has gone wrong for germany. some point to inflexibility, a reluctance to adapt structures, but many more blame its political leaders who have been unable, unwilling to agree a common strategy. it has cost lives and, come this september's elections, it could cost angela merkel�*s conservatives another term in office. the boat race, the traditional showdown between oxford and cambridge universities which takes place this afternoon — has been moved from the river thames in london to ely in cambridgeshire for the first time since the second world war. the move is due to the coronavirus pandemic — and safety conce