stephen: prime minister manuel valls says the damage will run into hundreds of millions of euros, and some insurance companies are putting a higher figure on that. the government is going to declare a natural disaster this week. insurance claims are very important for those being affected. france's major insurers are asting with officials today many sectors of the economy are counting the cost of the damage. >> bars, restaurants, and nightclubs, all submerged by the seine river in the center of paris. the city's tourism sector among those hardest hit by six-meter-high floods. companies just off the riverboat tours say they are losing around 250,000 euros a day, a big blow to an industry still trying to recover after last november's terrorist attacks. those who used the river for trade have also been hit. >> overall im losing around 1000 euros a day. >> the agricultural sector has also been hit hard. this land is located just a few kilometers outside the french capital. the farmer who owns it says 80% of his produce has been destroyed. he lost everything in the space of just a few hour

nancy: french prime minister manuel valls visited a town south of paris.he called the situation there tends and difficult. thousands of residents fled their home overnight. the region is on red alert for flooding. luke brown is there to report. the town has been cut into by the rising flood -- cut in two by the rising floodwaters. this tractor is carrying locals back to their homes so they can find some of their valuables. they are expecting to spend some time away from their homes and many were reluctant to evacuate earlier in the day. toit's people that are going take supplies to their friends or relatives, to older people who are still staying at home because they don't want to leave their house. the electricity has been cut for more than a day now. it's starting to get cold inside. we need to help. the emergency services have been highly mobilized over the past 48 hours as the river broken banks to a dramatic degree. that's the cause of the evacuation order that was issued wednesday afternoon to the center -- afternoon for the center of town. about 200

especially after french prime minister manuel valls forced it through parliament without a vote, using article 49.3 of the constitution. the bill had been watered down after a compromise agreement was found with one of the country's union, but the key labor group is still not satisfied. negotiations are still on with the country's labor minister. >> i'm waiting for friday to see what labor unions have to propose, if they are asking for all the articles that make this law to be removed, then we won't be able to negotiate. arerter: several protests set to take place across france on tuesday. ahead of the main cgt union, this man wants to believe his demands will be heard by the government. >> if you want to get yourself out of a social movement as big as this one, you have to stay open to negotiations. that's not what the government is doing. reporter: for some, this law will help boost the economy. others argue it will reduce workers' rights by easing restrictions on redundancies for economic reasons and giving employers more flexibility regarding overtime for staff. the bill will go ba

meanwhile, france's prime minister, manuel valls, was shocked and moved by this horrific act that left a three-year-old orphan behind. a news agency is reporting that two people have been arrested in relation to the attack are joining me here in , the france 24 specialist on jihadists. the assailant had posted a video of the attack on facebook, the social media site. what do we know about his social media profile? >> we know that he had the facebook profile, which was active from a long time ago. he promoted on his facebook account activity before the act. he changed the banner to a black banner. he showed on facebook the picture showing the two police officers, the child on a couch, saying, "i don't know what i am going to do with him." he names many journalists, rap singers. i will not name them now. he says his act is a direct response to the goal of the spokesperson for islamic state, who called a few weeks ago for attacks in europe, saying that there are no innocent people in europe regarding the war in syria and iraq and the active war of the coalition. he says he had some compla

it sparked nationwide protests, especially after french prime minister manuel valls forst it througharliament without a vote from using article 49.3 of the constitution. the bill had been watered down after a compromise was found with one of the country's unions . the main labor group, however, is still not satisfied that negotiations are still on with the country's labor minister. >> i'm waiting for friday to see what labor unions have proposed. if they are asking for all the articles that make this law to be removed, we will be able to negotiate. reporter: ahead of the main union wants to believe his demands will be heard by the government. >> to get yourself out of a social movement has big as this one, you have to stay open to negotiations, and that is not what the government is doing. reporter: for some, they think it will help boost the country, it will reduce workers rights and give employers greater possibility regarding working time agreements for staff. the law will be debated in the senate for two weeks before the vote on june 28. the bill will then go back to the national

alongside them, the french president, as well as the prime minister, manuel valls, and interior minister. said they werede everyday heroes whose lives have been cut short. hollande: it is unbearable to think that these lives, so full of promise, could be so brutally annihilated, having been the victim of hate filled terrorism. were killedcouple by a jihadists. the three-year-old son survived the attack. francois hollande used his speech to once again praised the country security forces and vowed to crack down hard on their attackers. lande: violence carried out against the representatives of public order will never go unpunished. justice will be applied with the maximum force. all those who defy the authority of the state must know that they will have to answer for their acts. reporter: the french government has been keen to underline its support for the country's police , forced to work under the threat of terrorism and a growing climate of social unrest. tom: now, a black box flight recorder has been recovered from the egyptair flight which crashed in the eastern mediterranean last mon

valls hasster manuel called for an end to what he says is an incomprehensible strike. our correspondent has details. >> the floods may be subsiding, but the strains -- but the trains are not moving. thes ended tuesday with sncf, withperator, an offer on the table. the cost of the strike is a norm us. it is already -- the cost of the strike is enormous. there is now no more reason to strike. seehe proposal would railway workers keep their entitlements. has signed up for the deal, but the two hard-line groups that organized the strikes appear skeptical. trains are still disrupted, and on monday -- >> the protests aim to show that we do not buy the crumbs left by the government. not -- workers are railway workers are fighting the same fight. --with euro 2016 looting with you wrote 2016 looming, the unions have one week to accept or reject the offer. stephen: that takes us into what is happening on the market. from commentsoost from janet yellen, saying the fed might wait while longer -- might wait longer to boost interest rates. news thatigesting economic growth has been