marin le pen hasjust done on monday. eaking, let�*s see if we can listening to what she is saying. translation: you said you are read to translation: you said you are ready to have — translation: you said you are ready to have fair _ translation: you said you are ready to have fair expenditure i ready to have fair expenditure and to take into account the expectation of the ii and to take into account the expectation of the 11 million voters who supported us. we wanted to — voters who supported us. we wanted to believe, and we were wrong, — wanted to believe, and we were wrong, that a system that rejected at the last elections but which is capable to look at the new— but which is capable to look at the new bouncers in politics and — the new bouncers in politics and to — the new bouncers in politics and to give their word back to those — and to give their word back to those millions of french people who have — those millions of french people who have been ignored. but these — who have been ignored. but these three small mon

- rally of marine le pen the does your— rally of marine le pen the does your party— rally of marine leen the does your party now want the post i your party now want the post visit _ your party now want the post visit btue — your party now want the post visit blue good _ your party now want the post visit blue good evening. - your party now want the post visit blue good evening. no, | your party now want the post i visit blue good evening. no, in fact, _ visit blue good evening. no, in fact, witt— visit blue good evening. no, in fact, will he _ visit blue good evening. no, in fact, will he to _ visit blue good evening. no, in fact, will he to address - visit blue good evening. no, in fact, will he to address is- visit blue good evening. no, in fact, will he to address is the i fact, will he to address is the denial— fact, will he to address is the denial wheh _ fact, will he to address is the denial when moving - fact, will he to address is the denial when moving to - fact, will he to address is thei denial when moving to protect frehch— denial when moving to protect french citizens. _

there are some names from his camp who could please in away, the marine le pen camp. ames is a big figure in the parliament here. he said if the prime minister was himself or someone from marine le pen's camp, it will not last long. so we need to find someone who can bring some stability within different society and the french parliament, try to find someone who could please the far right more for the far left. that is the big dilemma on micron's sake -- on president macron's hands right now. reporter: well, let's pick up on that with a member of the european parliament from the national rally of marine le pen, on the hard right of french politics. fabrice, thank you for joining us. does your pottery want the post of prime minister? guest: good evening. no. in fact, what we wanted to express tonight when voting the motion of no-confidence, was to protect the french citizens, because our approach, our reading of the budget law was that it was very that fo french people and for the french economy without streamlining administrative services and public services in order t

marine le the national front. and i- rememberwhat marine le pen said on— rememberwhat marine le pen said onyour— rememberwhat marine- rememberwhat marine le pen said on your benches. you - rememberwhat marine le penj said on your benches. you said never— said on your benches. you said never with_ said on your benches. you said never with france _ said on your benches. you said never with france unbowed. i said on your benches. you said i never with france unbowed. and now we — never with france unbowed. and now we are _ never with france unbowed. and now we are here _ never with france unbowed. and now we are here in— never with france unbowed. and now we are here in that - never with france unbowed. and now we are here in that or- never with france unbowed. and now we are here in that or we i now we are here in that or we are today _ now we are here in that or we are today we _ now we are here in that or we are today. we are _ now we are here in that or we are today. we are here - now we are here in that or we . are today. we are here they are today — are today. we are here they are today you _ are today. we are h

in our exclusive interview national rally leader marine le pen tells us a budget will pass if the government narrows the deficit more slowly. >> well, it is a matter of a few weeks. we will discuss it with the new prime minister. we will work together. tom: south korea's ruling party leaders as the president should be suspended, a major shift ahead of an impeachment vote for treason. chinese stocks gain on stimulus hopes, european and u.s. futures edge lower as investors await u.s. droplet -- job data later today. happy friday. european futures pointing lower by .3 of 1% after six straight days of gains despite the political uncertainty in france. we have seen that story turnaround as well where you end up in positive territory. it will see gift that plays out again today. we have had six straight days of gains, and if we get a seven over in france that would be the longest winning streak for french equities in three years, which would be remarkable given the standoff i in paris. s&p futures after a modest rep yesterday pointing lower by .1 of 1%. we look ahead to nonfarm payrolls with the p

. . , political chaos is marine le pen. ., , ., ., ., political chaos is marine le pen. ., ., .neral and global movement _ pen. that is also a general and global movement and - pen. that is also a general and global movement and you - pen. that is also a general and global movement and you see | pen. that is also a general and l global movement and you see it in pretty— global movement and you see it in pretty much every country. maybe — in pretty much every country. maybe he _ in pretty much every country. maybe he thought that he could contain — maybe he thought that he could contain that and do something different. he did make a different. he did make a different proposal and made a lot of— different proposal and made a lot of people from civil society— lot of people from civil society such as i am enter into politics— society such as i am enter into politics with new ideas and the idea that — politics with new ideas and the idea that we can work together. we are — idea that we can work together. we are pessimistic, because the situation — we are pessimistic, because the situ

marine le pen once more but they don't want more concessions because it has already going to cost 10 billion euros and they were planning to save 60 billion euros in this budget so clearly the savings need to come from somewhere. >> what are you and the team watching for next? and how does this unfold from here. >> there will probably be a vote on the social security part of the budget which includes everything on pensions and also on drug reimbursement which is something le pen also wants to change and if there is no majority then the prime minister will have to use his article of the constitution to send a vote of no-confidence the it whether the national rally actually accepts some compromise later today. they are going to have a meeting with their lawmakers. there are 100 20 lawmakers from the national rally in the assembly and probably around 2 p.m. french time and then we will find out for what they will vote but for this motion of no-confidence to to make the government collapse you also need the support of the socialists because they have lawmakers as well so if they do not s

he went publicly saying marine le pen should run for election and that a decision on marine le pen�*se ballot and not in the constitutional court. this is probably give back time when it comes to the far right side of the national assembly, saying do not vote out francois bayrou's government.- bayrou's government. which brin . s bayrou's government. which brings me — bayrou's government. which brings me to _ bayrou's government. which brings me to the _ bayrou's government. which brings me to the question, l bayrou's government. which i brings me to the question, how much better place is he that michel barnier? because he has got to get the budget across the line, and that's what brought about michel barnier�*s down for last week? brought about michel barnier's down for last week? absolutely and that's why _ down for last week? absolutely and that's why it's _ down for last week? absolutely and that's why it's the - down for last week? absolutely and that's why it's the big - and that's why it's the big question and the big unknown at the minute. what we know is that francois bayrou,

collapse is inevitable and until the last minute michel barnier tried to respond to the request of marine le pen in the middle of the afternoon on monday and in fact the markets rebounded when he announced he was giving up on reducing drug reimburse by marine le pen but she said that was not enough and at the last minute wanted to add an amendment on raising old pensions from january and according to the budget ministry this came too late and could not be included in the bill so michel barnier had no choice but to provoke himself with his photo of no-confidence. it is ironic because at the moment emmanuel macron is in riyadh on a trip to saudi arabia with some ministers and those ministers might actually come back tomorrow without a job. >> it is quite a moment. you talk about the short-lived tenure of michel barnier if the government is toppled and that has flashbacks for us in the u.k. around liz truss. so what happens next if this government is toppled this week? >> what happens next is the president will have to name a new prime minister. he could actually be named michel barnier, who will r

kriti: shell barnier is out and emmanuel macron is in the spotlight but it is marine le pen all over e french newspapers. the idea that emmanuel macron has to solve the puzzle of which caretaker prime minister, potentially his eighth, can survive a no-confidence vote from marine le pen while also battling resignation calls from the far left. the trick is what happens to the budget because that is where the sticking point is. the budget does not increase a deficit. the most likely outcome will be a technocratic government in france, one that rules over the 2024 budget into 2025 and creates potentially inflationary costs for french consumers come increases taxes for a lot of the french household but then potentially because of the austerity decreases some of the deficit concerns as well and that is what is reflected in the markets. jonathan: fantastic reporting over the last few days. kriti gupta out of paris. simon french joins us. we clearly have a political crisis, chaos in the government if you listen to the reporting this morning. how close are we to having a financial crisis? simo

there could be a phone call between him and marine le pen during the day. this last issue, which marine le pen is demanding of him, which is to do with pensions and the indexation of pensions, linking them with inflation and so on, that was a red line that she had given him to budget, and that's why she's now saying she's going to vote against him at this key vote this afternoon, but if there is some movement today that could still shift. i have to say i find it most unlikely, so in all possibility, in 12 hours from now we will once again be without a prime minister here. david chazan is paris correspondent at the times. i asked him what we can expect in the hours ahead. i think we can expect a fairly staunch session in parliament this afternoon, lewis, and by this evening, i think the government will fall. why? because parliament has split into roughly three equal marks, none of which holds an overall majority but in this case there is a motion of no confidence in the government which has been tabled by an alliance of left—wing parties and marine le pen's p

it is not impossible that he would have to deal with marine le pen in the next hour, because he onlyd she calls her troops back at the last minute, but it is very tense. and if she decides that he hasn't given enough, then as you said in your introduction, the possibility of her, in effect, toppling the government, becomes very real. reminders of the make-up _ becomes very real. reminders of the make-up of _ becomes very real. reminders of the make-up of the _ becomes very real. reminders of the make-up of the minority - the make—up of the minority government that barnier leads. it is... it is... which is, about more than a third of the parliament. get back to the weather now... hello again. we've had some rain, some showers around through this morning, but one thing that all of us will notice as we go through today is how much colder it's going to turn. we've had a few rainbows spotted by our weather watchers this morning. that one was from york earlier on today. that's because we've had some showers, as i said. it's the cold air that's moving southward at the moment across the uk.

but the immediate answer from marine le pen was, "bring it on."r of the hard—right national rally said her party would vote to get rid of the current government. "the french have had enough," she said. "things have gone from bad to worse." france is in a financial pickle, with soaring debt. trouble here could spread throughout europe. but the crisis is, at heart, political, sparked by this summer's elections, which resulted in a spectacularly gridlocked parliament, unable to agree on anything. marine le pen wants to be france's next president, and she holds some strong cards right now. she's gambling that any fresh chaos here will be blamed on this man, not her — president emmanuel macron. arriving in saudi arabia tonight, he's never looked so politically fragile. he may cling on to power, but his promise to strengthen the centre ground of french politics is in trouble. andrew harding, bbc news, paris. let's speak to eleonora pasotti, professor of politics at the university of california, santa cruz. good talk to. our correspondent andrew harding

the far-right leaders marine le pen and her national rally party are set to benefit the most after teamingon to topple the french government. francine lacqua sat down with marine le pen. she asked if getting france's deficit to 3% of gdp in 2029 is far-fetched? >> getting to 3%, i don't think it is credible that i'm not the only one. i don't think it is credible to the president. once again, these are promises and they know very well they cannot keep them. he made this promise and in reality his budget were sent deficit by 12 billion. if we don't make significant intelligent structural savings with regard to the state and put in place the conditions so companies can work, invest without being suffocated with extra taxes, we will not get there. with the solutions we can succeed as quickly as possible to get back to a reasonable deficit even of 3% was decided on the back of an envelope. francine: how fast could that be? marine: it's a matter of a few weeks. we will discuss it with the new prime minister and we will work together. we will explain what are red lines are. we cannot as the frenc

he's counting on the french constitution powers to enable him to continue to lead marine le pen powerlessn parliament. tom: that's pretty fascinating. would this be a play to land this at the door? he can lay it at the feet of the socialists, maybe they will pay a price, is that the gambit? douglas: if he is a genius and not an idiot he is playing a long game, marine le pen promised next election they will win and she has clear ambitions so if he's playing the long game it could be in his interest to have the right and left get in bed together because politics makes strange bedfellows and this required cooperation of bitter enemies, a marriage of convenience of left and right, it cannot hold up as they get closer they will disassociate. in the meantime he counts on his ability to carry on, no big ambitions, now that the olympics are over, cathedral has been restored, no real portfolio ambitions, playing on the fifth republic constitution he can do his job. tom: think he sees out his term? >> absolutely. left will ask him to resign, he will ignore. de gaulle resigned and french presidents

marine le pen�*s far—right national rally is threatening to pull the plug on the coalition governmentame le pen has given the prime minister until today to answer her demands to amend his government's budget plans. joining me now is charlotte de montpellier, senior economist at ing economic research. charlotte, good morning to you. good morning. this charlotte, good morning to you. good morning.— good morning. this is real pressure _ good morning. this is real pressure on _ good morning. this is real pressure on the _ good morning. this is real pressure on the prime - good morning. this is real - pressure on the prime minister in france. talk us through what's at stake here. basically, the ground is very fragile, as you said, and the left and far—right — they could bring it down this week if they decide to vote together on a motion of no—confidence. the thing is that the government will use a special article of the constitution in order to pass the social economic budget from next year. if the government does that, indeed, there could be a vote on a motion of no—confidence. it means p

but marine le pen's far—right national rally and jean—luc melenchon�*s left—wing lfi were not invited, resigned after he faced a no—confidence vote in parliament over his budget. president macron promissed to name a successor to mr barnier within 48 hours following his meeting with politicians on tuesday. so who is in the frame? charlotte de montpellier is senior economist at ing economic research. good morning to you, charlotte. so do tell us — what do you think? will we hearfrom president macron today? think? will we hear from president macron today? yeah, he said that _ president macron today? yeah, he said that we _ president macron today? yeah, he said that we will. _ president macron today? yeah, he said that we will. i _ president macron today? yeah, he said that we will. i don't - he said that we will. i don't know, to be honest. because it's very, very difficult. the thing is that there is a really split parliament and they don't seem to agree. i mean macron would like that both the left and the right, they go together, in order to nominate a prime minister and at least to ha

with strong views on immigration that work, that coincided to some extent with the views of the le pen. -- marinee pen. will he choose someone more to the left? then he might alienate some of the center right of his own faction. i'm beginning to think it will be a government of technocrats purely there to manage affairs and that can govern until june or july of next year. that is the time when you elections can take place. that's what micron is facing now. what is he going to do? appoint a prime minister closer to the left, or will he go for a technical government that can do very minimal things that while not all parties agree, would be subject to another vote of no-confidence. scarlet: that would create a political leadership vacuum. not just in france, but in germany we can see the olaf scholz coalition imploding. this could create some extra tension between continent, the european continent in the u.s. with ts, thank you rick -- mattias, thank you very much. to keep you up to date on everything, if you want to follow the latest developments out of paris, check out the blog there on our termin

he does not believe marine le pen will join the left to vote to topple the government. is a no-confidence vote scheduled for tomorrow. emmanuel macron says many will not vote the top of the french government where the extreme left and right have banded together and want to vote out michelle monier. we will keep you posted on any further developments. we do want to stay on this theme of political turmoil but turned to south korea, where budget battles have led to an unexpected climax. the president cleared martial law in an emergency national address that was televised live. >> i hereby declare an emergency martial law in order to defend the free republic from the threat of north korean communist forces and to eradicate the shameless pro-north anti-state forces that are depriving our people of their freedom and happiness. this measure is necessary to safeguard our constitutional order of freedom. scarlet: opposition lawmakers have quickly voted to undo that action. the korean won weekend, slumping to as much as 14.44 against the dollar. it's bring in roslyn matheson. you

as you know, marine le pen has procedure.he had played the card of the reasonable and responsible, whatever it is, to try to have french people vote for her inspite of her ideas. she is now playing the last card she has to be able to be in presidential election. he has been a candidate for several years and hoping to be in front of le pen. this is why they are calling for presidential elections. that would be a disaster for france. >> a member for the parliament. thank you for the time in these busy days. >> thank you. >> reporter: we have to wait and see the next prime minister and who president macron will pick as prime minister. it could happen as soon as today. we will wait and see. things remain difficult because the parliament remains as fragmented and as difficult, of course, to negotiate and bring up reforms particularly with the public finance issues. >> exactly. thanks for that, charlotte. >>> i would like to zoom out and look at what is ppening with the equity session. as we await to hear from president macron, the

but the immediate answer from marine le pen was, "bring it on."of the current government. "the french have had enough," she said. "things have gone from bad to worse." france is in a financial pickle, with soaring debt. trouble here could spread throughout europe. but the crisis is, at heart, political, sparked by this summer's elections, which resulted in a spectacularly gridlocked parliament, unable to agree on anything. "marine le pen wants to be france's next president, and she holds some strong cards right now." she's gambling that any fresh chaos here will be blamed on this man, not her — president emmanuel macron. arriving in saudi arabia tonight, he's never looked so politically fragile. he may cling on to power, but his promise to strengthen the centre ground of french politics is in trouble. andrew harding, bbc news, paris. in london, the holiday season is in the air. trafalgar square's christmas tree comes from norway every year. it's a tradition started in 19117 to recognise the uk's assistance to norway during the second world war. th

several years ago, he didn't necessarily block marine le pen at a time when she needed a signature too could amend differences with the far right. we know we had lunch with emmanuel macron before he made the address last thursday, so he is one of the front runners. there are many people out there in one of the main reasons is because everyone still doesn't know what can be brought with everything that can be brought to power. everything that can be brought to ower. . ~ everything that can be brought to ower. ., ,, i. , everything that can be brought to ower. ., ,, , . to power. thank you very much, pierre. to power. thank you very much, pierre- we _ to power. thank you very much, pierre. we will _ to power. thank you very much, pierre. we will be _ to power. thank you very much, pierre. we will be back- to power. thank you very much, pierre. we will be back with - pierre. we will be back with lyse in damascus in the next 30 minutes. stay with us on bbc news. much more on the website if you want to stay up—to—date. good afternoon. it is a far quieter weather picture for the next few da

but the leader, marine le pen, said bring it on. she said the french have had enough.o worse. france is in a financial pickle with soaring debt. trouble here could spread throughout europe. the crisis, is it hard, political. spike by this summer's elections. it is a gridlocked parliament unable to agree on anything. marine le pen wants to be france's next president. the wholesome strong cards right now. she is gambling that any fresh chaos you will be blamed on this man and not her. president emmanuel macron, arriving in saudi arabia. he has never looked so politically fragile. you may cling onto power, but is promised to strengthen the centre ground of french politics is in trouble. we are caettin politics is in trouble. we are getting some _ politics is in trouble. we are getting some more - politics is in trouble. we are getting some more reaction| politics is in trouble. we are - getting some more reaction from south korea. the president has declared emergency martial law. the leader of the opposition democratic party and said that this declaration is unconstitutio

but the immediate answer from marine le pen was, "bring it on." current government. "the french have had enough," she said. "things have gone from bad to worse." france is in a financial pickle with soaring debt. trouble here could spread throughout europe. but the crisis is, at heart, political, sparked by this summer's elections, which resulted in a spectacularly gridlocked parliament unable to agree on anything. marine le pen wants to be france's next president, and she holds some strong cards right now. she's gambling that any fresh chaos here will be blamed on this man, not her — president emmanuel macron. arriving in saudi arabia tonight, he's never looked so politically fragile. he may cling on to power, but his promise to strengthen the centre ground of french politics is in trouble. this could be a very interesting week in french politics. if the government does fall, then in the short term, france will no doubt carry on muddling through probably with a transitional budget and a caretaker government, but longer term, this political deadlo

nfp, the left coalition, the right with marine le pen and national rally and emmanuel macron's party in the center. what is tricky is there could be a make or break case when it comes to the socialist party, the most interest faction when it comes to the left side of parliament. what is significant is those are the people both michel barnier and emmanuel macron targeted the last 24 hours saying these people could vote with their conscience. could potentially make or break this vote and that is where the speculation lies that if you see enough socialists in parliament abstain from the vote, there is a slim but not impossible to is that michel barnier could make it out of this vote with his job intact. tom: that would be quite the out come. slim but not impossible as you say. talk about the debt challenges of france and whether this is a broader challenge in terms of the prospects, the risks of a broader european debt crisis? >> the comparisons have been made of this idea of french debt , the yield premium now surpassing that relative to german debt of greece, of spain and that brings

if you put too much pressure on households, you will have far-right marine le pen not happy about it at all. after the appointment of the new cabinet yesterday, francois bayrou was on french tv, and he had i would say a pro-business speech, saying that even the biggest companies should not take all the burden of the french deficit. if you talk to companies off the record, they would tell you there is a bit of relief at the moment. obviously, they are waiting to see the details on the budget in early january. tom: we wait for that meeting in the new year. details of the budget as the new team starts to build on that. claudia cohan in paris. to the u.s. where president biden is set to make a final decision on the sale of u.s. steel to nippon steel, after a national security panel deadlocked on its review of the sale. the president has indicated his opposition to the transaction. let's bring in bloomberg's stephen stapczynski with the details. what do we know? >> the review came out, they were split on it. that means it goes to bite and to essentially be the tiebreaker.he has 15 days to

marine le pen's and the leftist alliance and have called for votes tomorrow.o topple the government. a delaware judge has rejected elon musk's record-setting tesla pay package after shareholders supported reinstating it. the judge decided to stick with her original finding that the company's board with too much under his influence. the stock options package is worth $56 billion. by the time the judge canceled it in more than $100 billion at the close on monday. at&t says it will have sustained profit growth in the next three years and authorized to $20 billion buyback. ahead of a meeting with wall street analysts, the company issued a statement saying 2027 profits would post double-digit gains. it said 2025 earnings will be between $197 and $202 per share. that is your brief. jonathan: more from dani in about 30 minutes. up next, locking the deal. >> we will not let u.s. steel be sold to the japanese. i would stop it if it has not been completed by the time i president. jonathan: the latest on that story of next. good morning. ♪ ♪ so, what are you thinking? i'

how do we expect marine le pen to react? we have reporting from your team on the ground as to what unfolded one marine le pen and the standoff with the former prime minister -- what does that tell us about how she and her party may react? >> great reporting. he thought he had a deal for her to support the budget. he made some concessions on some of the spending items in the budget. and then she wanted more. he was not willing to go that far. the sense i think in the macron camp is, she doesn't want to compromise. she wanted to make a political statement and bring down the government. all the more reason for macron to look elsewhere for support. he was counting on wearing le pen and her party to get the budget through. they refused to do that and so that avenue seems to be closed but it has made political points for her. tom: that remains that key question. thank you very much joining us out of paris and another big day for the politics of france. to china where top leaders in that country have set domestic consumption as thei

france's new prime minister will meet the national rally's marine le pen today. moody's becomes the latest credit agency to downgrade the nation's debt. and chancellor olaf scholz tables of vote he knows he will lose, triggering a snap election. we will be live in berlin. happy monday. it is the final full week before the end of the year. european futures pointing lower after some losses for european and u.s. stocks. upfront, the central-bank action , but before there, the federal reserve. the fed expected to cut 25 basis points. ftse 100 futures pointing higher and nasdaq 100 futures also unchanged. let's look cross asset. one of the worst weeks of the year in terms of the selloff last week particularly for the 10 year, around 24 basis points higher, little bit of money moving back in but after the selling of last week. euro-dollar getting a lift, gaining .2% and bitcoin smashing through fresh records. it had been above 105,000 on the news that microstrategy will be included in the nasdaq 100. some strength came through last week, currently down by .5%. let's ch

marine le pen�*s far—right national rally is threatening to pull the plug on the coalition government rein in the massive french deficit. she's given the prime minister until today to answer her demands to amend his government's budget plans. the french stock market caciio has fallen over i% ahead of the vote later this afternoon and borrowing costs have risen to the highest rate in 12 years amidst the uncertainty. basically the ground is very fragile and the left and the right could bring it down this week if they decide to vote together in a motion of no confidence. the government will use a special toe —— a special article of the constitution to pass the social security budget for next year. if the government does that, there could be a vote of no—confidence. if they decide, the left and the far right to go together, it means that the government will be gone and a new government will need to be appointed by the president, emmanuel macron. there are several options there, but it is very risky because you cannot dissolve the assembly and he cannot call for a new election again before

but the immediate answer from marine le pen was, "bring it on."

. ♪ caroline: i think we are just going to hear from the national rally leader, marine le pen, who waspeaking to bloomberg earlier today. take a listen. marine: [speaking french] the president's resignation can only take view in a political crisis or an entity shall crisis can no longer have any other solution than the resignation of the president of the republic. for sure, there will be new legislative elections in the next few months. we should work on a voting system by then that enables us to have a real majority, whatever that majority may be. the country needs a majority. it cannot live for years with three blocks which in reality cannot implement the policy. caroline: that was marine le pen commenting on president macron's position after he has been dismissing growing calls for his own resignation, from politicians across the political spectrum. crime came out saying he will serve his second term in full. he is set to talk further at 8:00 p.m. local time, 2:00 p.m. here in new york. let's discuss the impact for this political drama on french businesses, on tech companies. how is

what challenges does he have ahead of him and did the meeting with marine le pen and jordan bar dellaneedle in any way? >> that was just the start of the process. he had several meetings yesterday after the pen. those were preliminary, now the hard work of trying to construct a majority that will approve a budget. that's were brought down michel barnier, the last prime minister. i think you are still looking at several days of discussions before he can have the outlines of -- first of all he needs to appoint a government choosing his cabinet ministers with emmanuel macron and then put together a budget. there is a long road ahead and i think those meetings yesterday were just the very first step. tom: the bank of france cut his 2025 growth outlet. pointing in part to the politics and the political instability right now in france. what exactly did we hear from the central bank of france? >> i think the role of central banks in europe is to tell the politicians the things they don't want to hear and francois, the governor of the french central bank, was very explicit, both in his statem

but marine le pen's far—right national rally and jean—luc melenchon�*s leftwing lfi were not invited.new prime minister would be announced by today. let's cross live now to tomasz michalski associate professor of economics at the hec business school in paris. tomasz, good to have you here. first question, who would want thisjob? why would first question, who would want this job? why would you first question, who would want thisjob? why would you become the prime minister knowing we will have elections next year? well, you can be... studio: this is bbc news. the government is outlining its plans to try to solve the housing crisis — giving final details of reforms to the planning system. let's cross live to westminster for the announcement. within our first within ourfirst month in office, we proposed a bold set office, we proposed a bold set of reforms to overhaul a planning system that is faltering on all fronts after a decade of piecemeal and inept tinkering by the party opposite. today i can confirm to the house that we are delivering the change we promised by publishing an updated

marine le pen's far right national rally has said earlier that if he does this, if he forces this budgetit is going to support a no—confidence vote in her government. that will be coming through from some of the left—wing governments. she will now support a motion of no confidence. so we have heard that the french prime minister has forced through the social security budget without actually a vote in parliament. that vote was due to happen in about five minute's time. but we have gotten this news from paris that this has been voted through and threatens the french government. the other story we want to bring through is that they are going to vote through the... hello. after some very mild weather over the weekend, things have been turning colder from the north. it's not going to be cold all the time this week, but there is quite a lot of chilly weather in the forecast. cold enough for some snow over higher ground and particularly later in the week, there will also be spells of wind and rain. now, the cold air is pushing its way down from the north behind this frontal system. the front br

marine le pen is looking to link up with a far left party to take over the country. we are in the age of global gangsterism, the age folks like vladimir putin have planned for decades. look at this map. it reflects an alarming worldwide trend on the rise in autocracy. these are the countries that had elections this year by the economist. those colors in blue are authoritarian. those colors in yellow are hybrid regimes, and those colored in red, including the united states, are deemed flawed democracies. you don't see south korea on that map because the economist considers it a full democracy. but check out what's happening in south korea. president yoon of south korea declared martial law late tuesday inciting political chaos within one of our closest allies in asia. the president has accused opposition parties of sympathizing with north korea and controlling parliament. soldiers blocked large crowds from entering the parliament building even as lawmakers inside voted to block yoon's decree. while inside, south korean opposition party staff set up barricades to preve

jonathan: we will get you the latest on a last-minute concession to marine le pen.♪♪) what took you so long? i'm sorry, there was a long line at the thai place. you get the sauce i like? of course! you're the man! i wish. the future isn't scary. not investing in it is. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com think scaling your ai pilots is hard? think again. with watsonx, you can deploy ai across any environment. above the clouds and on lots of clouds. with your secured data on prem, in real time on center court and assisting bank tellers on the edge. watsonx helps you deploy ai wherever you need it. so you can take your business wherever it needs to go. ibm. let's create. jonathan: stocks are doing ok here, coming off a month of gains on the s&p and the nasdaq. bond yields a little higher, obsession yields with 40 basis points on the 10 year. under surveillance this morning, bond vigilantes thriving in europe. >> the french government is

then if you look at the far right, marine le pen's party, they said they would not take that chance either vote straight on. it doesn't mean it will not happen, but i think it will give a little time to the new government.— give a little time to the new covernment. , ., , government. one party has said that they will — government. one party has said that they will bring _ government. one party has said that they will bring a _ that they will bring a no—confidence motion. there is a dangerfor it no—confidence motion. there is a danger for it francois bayrou that they try to take him down to get it president macron. there are two extremes in the assembly who would like to see the back of the president. this is the objective _ the back of the president. this is the objective of _ the back of the president. ti 3 is the objective of the far left, to get rid of any government and to create more chaos. but as i said, even if the no—confidence motion is passed in three months or in a few months, i think this no—confidence motion will not pass right away and so, i hope, it will give us some time to

but this would be a blow to macron's party further because it would see his rival, marine le pen, be in control of things on the, you know, the policy level, the government level. what's happening in france right now? why would there be this alliance? >> well, you're right. there's no consensus about what ought to happen with the budget and the economy. take a step back. two of the most significant countries in europe, germany and france, are going through political crises. you have an accelerated election coming up in germany. the government has in many ways lost the confidence of the people. france has now been a slow motion crisis for how many months? and it's quite possible that whatever happens in parliament in the near term, that macron's successor could be someone like marine le pen, someone of the far right. so what we're really seeing in europe, in both germany and france, we have already seen it to some degree in italy, is what we have gotten comfortable with over the last 70, 80 years in europe. this center left democratic order for the most part, even if it was of the rig

marine le pen had the power to potentially save the government but did not choose to do so.lk about censorship at not being antirepublican. mark: it's a sick -- nina: it's essentially a motion of no confidence. it is an antidemocratic, you should know, your the guarantor of the french constitution as the french president. it is part of the constitution and it is a legitimate response to a budget that parliament could not agree upon. ben: it will be fascinating to see how this unfolds in the day ahead. we will talk more about that throughout the program. there is more on the website. around the world and across the u.k., you are watching bbc news. be you're with "the context." the prime minister says britain is broken but not beyond repair. the words of the prime minister as he set out when he is calling his plan for change. he wants to focus on improving living standards and not just boosting economic growth. five months aftewinning the general election, he set out six targets, including building affordable homes, reducing mhs waiting times and making streets safer. he also

front, the centrist grouping of several parties including macron's, and the national rally of marine le penright. back with us on the program is a european political analyst at the european university institute. thank you for coming back on. rushes back from warsaw but fails on the promise that he made earlier in the week, that he would choose a new prime minister within 48 hours. what has gone wrong? >> well, i think it's a delicate task. he said 48 hours, he is giving himself an extra night. to some extent, what has happened is what we might have anticipated. this is a very, very difficult compromise to strike. before he left for poland, president macron called in the leaders of some of the main parties. he excluded the far left, who excluded itself, and excluded the far right, and basically tried to put together essentially a pact of nonaggression. trying to get these parties who are committed to the governing to try and govern together, agree that if the government and the next prime minister does not use the now infamous 49 .3 article to ram through legislation, they will not try to br

no confidence in the government which has been tabled by an alliance of left—wing parties and marine le pen'says it will vote for that motion and that will result in a comfortable majority it seems, barring a political miracle. it seems inevitable that michel barnier�*s government will follow. that michel barnier's government will follow. 0k, we'll come _ government will follow. 0k, we'll come back _ government will follow. 0k, we'll come back to - government will follow. 0k, we'll come back to any - we'll come back to any potential miracles in a moment, but let's work on that assumption that does happen, so where does that leave the government of france? well, in the short term, _ government of france? well, in the short term, the _ government of france? well, in the short term, the current - the short term, the current government will probably be asked by president one to stay on as a caretaker administration, but what it means is this belt tightening budget you referred to, which the government says is essential to tackle france's colossal debt and deficit will not go through. so in that c

let's turn back to france for the far right national party of -- national rally party of marine le penill back a motion to topple the french government after the prime minister failed to agree to all of its demands. bloomberg caught up with the finance minister yesterday and here is what he had to say about the situation at that time. >> the french government is looking at the french parliamentary debate, it is respecting each and every parliamentary debate that leads to an evolution. it will take into account what is changing, but we won't be blackmailed. >> this is a developing story of course and we've been keeping up-to-date on the latest movements here. on the ground in paris is alan katz. there is been a new develop and once again with the french per mere has offered some kind of final budget concession. where do things stand right now? >> that's already a few hours old at this point, and that is gone by the wayside. but we had at the government came in this afternoon and used a constitutional procedure called article 49 where you adopt a bill without a vote. the government is ta

marine le pen is starting to build up a lot of momentum.s a mandate until 2027, will he feel the pressure to step aside? jonathan: is incredibly unhelpful. next week there will be an ecb interest rate decision. they are focused on 25 or 50. the federal reserve is looking to skip or 25. lisa: there's a question of how far diversions can go. that is the ultimate question. can you see an ecb that cut rates at least two a euro that weakens dramatically when they could be importing inflation? this is one of the challenges they are facing. jonathan: the challenge is to general motors. a $5 billion hit to restructure the troubled business over in china. the headline just dropping. a $5 billion hit to restructure and china. the stock is down by about 1% in the premarket. this has been a struggle for a while. we go back to-2018, this is where people -- 2017-2018, this is where people wanted to be. now the competition is so tough. lisa: 2017 is a great year to benchmark this venture. in 2017, general motors hosted a $2 billion profit on this joint ve

le pen�*s party is basically the power broker in all of this? and does she get more power because of what we're seeing right now unravelling? exactly. marinear right firebrand, if you like, who's been moving her party, the national rally, much more towards the centre ground, very much looking to become the next president. and for her party, which is already the largest single party in france to start getting real power in parliament, she is now, it seems, taking a gamble. i think she clearly believes that if the government does fall, um, that she won't be blamed for any chaos that follows, that perhaps president macron will take the blame for that and that she can emerge stronger, having flexed her parliamentary muscles, and she'll hope to gain in future elections to gain more power. and your heart and in paris about the french prime minister. the tv presenter gregg wallace has apologised for claiming complaints about his behaviour came from "a handful of middle—class women of a certain age", and says he is now going to take some time out". tonight's episode of masterchef will be broadcast as planned in the uk — the bbc says it's life chan

he intimated that marine le pen of the far—right national rally party had been one of those trying tono confidence vote because of naked political ambition. her eye on the presidential election in 2027. he didn't name her, but that was clearly the implication behind that statement. and he said that the french people need to unite in a spirit of cooperation, citing the olympic games held here in paris over the summer, the reopening of notre dame cathedral tomorrow, saturday, after that fire that ravaged it five years ago, as examples of how france can can produce great things and come together when it's needed. but, actually, this country is incredibly divided at the moment, and many people blame president macron for that, for polarising people, pushing people towards the political extremes, towards the far left and the far right, despite being the man who came in as president promising to revive the centre ground. and the real challenge here is that even if a new prime minister is appointed in the next day or two, as we expect it to be, or in the coming days, problems will remain, and