mario draghi overcomes powerful critics. france, germany, and

what will mario have to say?berg. ♪ >> the trend, i think, in my , it's inevitable that consolidation will continue. it really concerns a very small number of globally positioned exchanges of financial infrastructure companies. none of them today have the complete suite of global products. lse: that was the former ceo telling bloomberg there will be more consolidation amongst exchanges. that comes after lsu rejected a takeover -- lse rejected a takeover. they will be looking at this carefully, as well u.s. regulators. today's ecb meeting is said to be one of the most contentious of mario draghi's presidency. he is ready to wrap up the stimulus despite skepticism. joining us is richard jones, our markets live fx rate strategist and our head of the markets live team in europe. richard, let's come to you first. reading all of the previews we got on bloomberg, it all seemed kind of straightforward. the more i talked to people, the less it seems everyone is on the same page. >> yeah. u.s. 10 different people what they

vonnie: this was the big final one for mario draghi. he has another press conference in october, but this where's the -- this was the one where he let everything loose. with a reaction, we have marathon asset management ceo and chairman bruce richards. marathon now has $7.2 billion under management. it has been a good year so far, bruce. roofs: thank you, bonnie -- bruce: thank you, vonnie. vonnie: we are still looking at a bought a come of extra inflation by 2021, even with all of these measures. ruce: it is actually kind of sad. all this is doing is putting treasuries in europe and around the globe at further negative rates. it is doing nothing to stimulate aggregate demand. so look at germany, for instance, slipping into a recession, or at least zero growth. u.k. slowing as well. much of europe mired in what is a very slow economic environment. number three, the equity markets , in terms of aggregate demand and what it does to earnings, is not responding either. look at the dax trading at 13 multiple. we think that this is nothing mo

. >> entre broma y broma el mexicano mario se ha ganado un sitio en las redes sociales describiendo conprobles entre hombres y mujeres sus seguidores se cuentan por millones ♪mÚsica♪ ♪mÚsica♪ ¿quÉ tal? muy buenas tardes, un gusto saludarlos soy felicidad aveleyra el paso de la tormenta hi meld por el sureste de deja dejÓ muchos lugares inundados como houston donde algunas calles se convirtieron en rÍos. pero lo peor estÁ por venir, las condiciones del tiempo hablaban de mucha agua los prÓximos dos dÍas, edgar estÁ en houston. >> asÍ es felicidad, son los remanentes de la tormenta que ha dejado tormentas severas y acumulados de 12 pulgadas esto ha provocado varios vehÍculos varados me encuentro caminando en la calle cerca del aeropuerto y vemos varios vehÍculos que al cruzar la calle, horas antes, se quedaron prÁcticamente varados sin posible de salir porque el agua los cubriÓ y fue imposible, vamos a hablar con marÍa gÓmez es una de las personas que tuvo que hablarle a la grÚa marÍa ¿hasta donde le llegÓ el agua aquÍ en esta esquina? >> mÁs o menos tapÓ las llantas. >> ¿quÉ le pasÓ porq

some disappointment in the markets in terms of what mario draghi proposed.n some expected, lower than consensus. the positive side was the open-ended comments. the fact that issue were limits have not been discussed was seen as not so dovish. a lot of other details we will get into this -- in the show. we sit on a 178 handle. 10 year treasury yields have jumped more than 20 basis points this week. let's check in on the markets in asia with juliette saly in singapore. great to see you. you were saying earlier, four weeks of gains in asian equities. it is certainly looking positive today. juliette: absolutely. the msci asia-pacific index on track for a weekly gain of 2%, adding to last week's 2% gain. very good fortnight. very good for weeks for asian stocks as well. we are seeing yields higher as well. japan's 10-year note up. the prime minister saying they are not considering more stimulus. the nikkei closing out the session higher for a ninth session in a row. it's longest winning streak in two years. up by around 1%. pretty flat on the asx 200. asx -- hong

expectations about what we might hear from mario draghi today?nsus says 10 basis point rate cut. i think it's hard to imagine that it will be anything two different from that. the ecb will do what they can. there is that much drive to the left in order to stimulate markets any further. a piece ofhing on string and knowledge he is important. we party seen these kind of packages in the past. they haven't been outrageously success as far -- successful. from that point of view, the markets will be keen to see what happens. how long the impacts last may not be that long. nejra: impact on bank profitability is something we need to discuss. take a look at the chart. what you are seeing is financial stocks near a record low. the broad index in europe is near an all-time high. is this cap going to close it all with financial stocks moving higher based on a stimulus package from the ecb? >> two things have always been hard to reconcile. if you will cut interest rates, it's not good for european banks. they are so balance sheet dominated. they do not facili

mario draghi overcomes powerful critics. france, germany, and the netherlands have led opposition to his plan. more signs of the trade standoff hurting local players. a gloomy forecast for chips. shery: let's get you started with a quick check up on how markets closed in thursday's session in the u.s. above 3000.closing the s&p 500 .5% away from that record high. we had some stimulus coming from the ecb package that boosted the stock market, but we had bloomberg news reporting the trump administration may be considering that limited trade deal towards china that boosted sentiment. so we have the nasdaq closing again at the highest level since july, gaining for a second consecutive session. the only sector that was losing ground, and energy stocks theing, was oil, given agency came out and warmed opec they could be facing a daunting clue to surplus in 2020. that did not help sentiment in the oil markets. u.s. futures at the moment unchanged. let's see how we are setting up for asia. sophie: asia stocks could be set for the be

deliver dashcam mario draghi deliver -- can mario drahgi deliver? >> this is the first meeting since the july decision when the european central bank sent a clear signal they are going to take measures to prop up inflation. when you look at what has been priced in, that is a rate cut. the only real debate is whether we go for 10 basis points or 20. but in either case, you are going to see another record low. there is very little clarity on qe, whether mario draghi will go back to buy bonds and investor expectations are all over the place. consensus will tell you we are looking at an announcement of 30 billion but many will tell you .t could be much more modest that's because we are seeing more governing council members come out and say they are not sure the state of the economy warns another ratcheting of qe. and today might see the introduction of a tier system. many banking ceos will tell you that, if we do go lower, banks will need some relief. francine: thanks so much. maria tadeo in frankfurt. the head ofs multi-assets at royal london asset man

also interesting the pushbike mario draghi to start fiscal spending to boost the economy.ghi is going to be leaving the ecb as president, christine lagarde is coming in and she's politically deep rooted so we might see this move towards fiscal stimulus going forward. donald trump, we note he has been fed bashing for quite a while and he also took this opportunity to attack mario draghi. the suggestion of bringing the right lower. mario draghi clear that is not what they are doing. do you think the measures will work?” not what they are doing. do you think the measures will work? i do not think the stimulus on its own will be enough to busy economy. if it is combined with fiscal stimulus, particularly in germany, there is a suggestion that this could start boosting the economies. and how much google has to pay to and at the french tax probe — i billion euros. certainly an awful lot less could have been lost to pay. how did this come about? remind us. the french authorities have been having a long—running investigation into google for its taxes... they rated their offices. t

draghi didink mario a good job as president of the ecb. i think it is shocking that we see now a number of personal insults against him in the german press. case, i wouldic be critical because i think with regard to lowering the deposit rate, nobody expects this will have a positive effect on inflation rates. it is combined with a tiering program. matt: do you think mario draghi himself does not expect that? i think what he in the majority wanted to do was give a signal, and this makes sense, but the signal should be answered by fiscal policy. this is something that is needed. kind of restarting the program of buying bonds, that might have an effect, but it might be better to keep your powder dry because you are running out of options. anna: good morning to you. there were interesting comments coming from your successor at the austrian central bank. such as more transparency about who argues with whom at the governing council meetings. and the possibility of lowering of the inflation target down to 1.5% where it seems to want to sit. what

ecb president mario draghi gets his way.ill restart quantitative easing, cutting its deposit rate facility. david: the united states and china are showing each other some goodwill as they prepare to resume trade talks. president trump has okayed a two-week delay on new tariffs aimed at chinese goods, and china may restart imports of u.s. soybeans and p and saudi will keep overdoing supply cuts. the new oil minister spoke in abu dhabi. nobody has ever been as transparent as this. [applause] club raised direct almost $1.4 billion is the fifth largest ipo in the u.s. this year. the stock begins trading today on nasdaq. alix: no supercool retainers like i had. in the markets, this is pure and simple ecb qed trade in the market. you have the euro moving significantly lower, down 0.4%. at one point, italian btp's hitting a record low of zero of 0.7 basis points. it's a classic play. buy equities, sell the currency, buy bonds. the ecb cuts the deposit rate by 10 basis points to -50, restarting qed, planning to buy -- restarting qed

doubting whether it was the right call from mario draghi.e trying to figure out the impact of no deal brexit on europe. any insight into what happens to currencies? tom: on currencies, it has been a stronger dollar against everything. cutan kite is it -- it can your way. -- either way. he is right on top of this. kathy fisher with us from bernstein and meredith sumpter from eurasia group. this does affect every multinational. multinational. does it just affect november earnings and beyond? >> dollar strength has gone on for quite some time. we don't have a strong call. it makes sense that the dollar relativelyrong and situation at this -- relative rate situation at this juncture. most interesting call to see a huge body of wall street wrong on a weak dollar call. deutsche bank yesterday came out and said euro bottom. can we get to that strong of an inflection point? >> quite possible. what we are watching from the white house is the interesting divisions along qe. there are signs that whether political limits are being , thatd within the ecb

. >>> y seguimos cerca de ti con mariachis y también mario aguilar estará con nosotros y vamos a bailar un nuevo día desde los Ángeles . >>> ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ me gusta tu baile, me gusta tu baile . >>> sí. >>> ♪ qué tú dices que esta canción te prende. >>> me prende, me prende, nunca he entendido lo que dice . >>> (en inglés) . >>> nosotros les decimos buenos días, . >>> hoy miércoles 18 de septiembre del 2019 la familia de un nuevo día acá acompañándolos y edita saludos porque amaneció enfemrita. >>> vamos hasta los Ángeles porque chiquibaby está muy bella como siempre, buenos días. >>> hermosa. >>> Échele bonito. >>> imagínense que todas las mañanas amancieramos con la música de mariachi , josé hernández, le pedí un besito grande desde el monte donde vive mucha de nueva gente y carla también que nos trajo unas florecitas para saludarnos y tenemos tremendo show para ustedes con mario que estará con nosotros el youtuber y también los voy a poner a bailar porque el conjunto nueva ola estará acá con nosotros para bailar . >>> sí, bueno yo también quiero bailar . >>> todos los

and mario gabelli explains why he is bullish on the cbs-viacom merger. mario: it is a good deal. the stock is a buy. cbs-viacom. taylor: up next, more of the week's top business headlines. india's government has promised fiscal stimulus. and the central bank is helping provide the cash. interest rates and given a >> it t rates and given a record amount of dividends to the government. taylor: this is bloomberg. ♪ taylor: this is "bloomberg best." i am taylor riggs. let's continue our global tour of the top business stories with more from the g7 summit. discussion about iran was the top of the agenda. but there was an unexpected twist when a top iranian official came at the invitation of french president emmanuel macron. >> iran's foreign minister visited france for six hours. bilateral talks near the g7 summit. zarif had a brief sit down with the french president emmanuel macron. officials said they gave the u.s. delegation a heads up about the surprise arrival. but macron did face allegations he blindsided some of his allies. >> president rouhani said he was prepared to meet any

veo que estÁs con pablo y mario. nos escuchan?importante, porque todo el cariÑo que tÚ reflejas cuando hablas, cuando cantas, es algo que la gente debe ver y he tratado con mucho cariÑo de cuidar que esta historia no sea falsa, sabes, porque comenzÓ genuinamente, natural y no queremos mancharla porque la verdad es que queremos ayudar alex. addis: mario le regalÓ un celular a travÉs del cual él le mando la canciÓn para que tÚ la aprendiera. cuÁntas veces la has ensayado? alex: sin parar, eso sido sin dormir, disculpen, esto es nuevo. [risas] alex: sin parar y sin dormir, inclusive, cuando me dio gripe porque, obviamente, no es novedad para la gente que me visto por allÍ todavía por bogotÁ cantando, aunque esto ha pasado, yo sigo siendo el mismo cantante que me regala su mÚsica y lo que lleva por dentro a las personas, y bueno, me cayÓ granizo por allÁ por el norte, pero seguÍ practicando la canciÓn en mi mente, le di con todo y aquÍ estÁ el telÉfono. addis: ya te paras de observar esto? estas observando dÓnde estÁs, alejandro? este

mario draghi said the main burden has fallen to fiscal policy.s not so much the institutionalhe framework to translate that into action. the eurozone has a single monetary policy, but not a single fiscal policy. the conundrum is the countries with the most scope to expand fiscal policy needed to do that the least, germany in particular , so fiscal policy by national governments almost needs to be a gift to countries that can't engage in fiscal policy. that is a tricky terrain for governments to navigate. draghi has made this case time and time again. is christine lagarde capable of stepping outside of that and going to these governments? does she have the political chops to do what mario draghi was not able to convince these governments to do? see, will have to wait and but i think that will be her homework, so to speak. completinguestion of the architecture of the economic monetary union, the banking union, but also the fiscal union side, getting a physical capacity in places political in nature. a critical play role, may be the scenes more than

mario draghi knows that. he knonows the limits of his power.hat's why he has been calling on politicians to get their financial houses in order. today, he complained that there has been monetary policy, but very little else. in another call for action, he urged germany to use its $50 billion surplus to spend its way out of this economic downturn. brent: it's unlikely that is going to happen. what does all of this mean for people like you and me? chchris: it means if you havave money in the bank, you are not going to see much interest. you are not going to make any money there. it also means that people will be looking for other ways to let their money work for them. that means the prices for real estate, for example, is likely to rise. people say, if i don't get any interest in the bake, -- bank, i can put into an apartment. chris: so real estate bubbles, such as the one here in berlin, could be on the rise? brent: what has the reaction been? chris: let's look at financial markets. the reaction has been subdued. even though there is more money

la vÍctima mortal a quien identificaron como mario pÉrez, solamente intentaba ayudarle a resolver laÓ que la propuesta no le da al estado nueva autoridad para luchar contra el gobierno federal. el autor de la propuesta es el demÓcrata connie atkins. en otros temas, el presidente donald trump va a visitar el Área de la bahÍa para este marte para un viaje de recaudaciÓn de fondos. la Última vez que vino en 2016, enfrentÓ violentas protestas. emana pero llegarÁ a nuestra zona para realizar una campaÑa polÍtica y luego asistirÁ a dos eventos mÁs al sur del estado. estaba a ser la cuarta en otro candidatos presidenciales demÓcratas piden un juicio polÍtico al juez de la corte suprema,esto a un una nueva denuncia de conducta sexual inapropiada de cono estaba en la universidad. el diario the new york times dio a conocer otra acusaciÓn que no fue investigada por el fbi anteriormente. en otros asuntos, la comunidad de el paso ha unido fuerzas para apoyar a las vÍctimas del tiroteo masivo ocurrido el mes pasado en una tienda de walmart. stephanie cÓrdova tiene el testimonio de algunos de los s

>> you tell us, mario. >> it's cool when you walk into a situation and feel comfortable enough that you've always been there. obviously i'm familiar with them watching on tv and stuff. so, just kind of gel and jump right into it. >> so now you've got to mana two guys. >> i know. how fun is this? you feel me? here we go. i cannot wait. >> mario just had a third baby, scotty single on the scene, this makes for gold. >> all the time. i get hit up all the time. you set me up, you're going to be getting this? can you set me up with your friends? >> hol la at your boy. >> three shows, three different formats. >> it's what we do around here. it's called a challenge and we rise to the occasion. with e have access hollywood of course, then access daily, and then all access. >> i'm glad you know -- >> you know the differences? >> i think i'm pretty familiar but we don't want to tease you with too much. we want you to be surprised. >> i'm very grateful. i will say it's funny for me. i got this job at 40. i'm approache

mario draghi was also clear about this.ry that actually matters, germany, we have not heard anything from them. they will tell you they have billions of euros to put the work if they feel they have to, but at this point there is no clear indication this will happen anytime soon. vonnie: great reporting. maria tadeo in helsinki. the finance ministers are meeting in helsinki. the london stock exchange group has rejected an offer from the hong kongxchae, saying the bid has fundamental flaws that sees no merit and further engagement. that is not the end of the story. the hong kong exchange is pushing forward, saying it will continue to engage with lse shareholders according to people familiar with the matter. ing with the latest is our reported. what is -- is our reporter. have the board members responded to the latest from hong kong exchange? board has not recented to hkex's saying it will go above the board. lse gave a stinging rebuke to the offer. citing a number of fundamental flaws. the board does not want to engage. guy:

soy jefe yo. >>> creo por lo que escupoÉ ocupas un motor nuevo hasta llantas. >>> mario. >>> mario.filtros. >>> de mÉxico nonaing se nada y respetos para todos hacen que esos labores que muchos no podemos ni sabemos hacer. >>> cada uno en lo suyo. >>> vamos a la pausa. >>> y enseguida prepÁrese porque llegamos la raÍz de los celos y entÉrate la razÓn del sentimiento que provoca inseguridad temor y envidia y puede arruinar tus relaciones. >>> y amigos cuando perdiÓ es trau jo montÓ su propio fegz y un Ángel yo ayudÓ a ser el profesor de marc anthony y hasta del mismo beckham, no te pierdas la historia de este profesor de baile, res ♪ ¿a dónde irías si pudieras ir a cualquier parte? ¿a quién llevarías si pudieras llevar a cualquier persona? ¿qué harías cuando llegues a lo desconocido? lo desconocido... check. nueva ford explorer. el vehículo explorador más grande de todos los tiempos. no significa que tienes que gastar mucho.r mucha hambre porque el super slam regresó a denny's... huevos, papas hash brown, tocino, salchicha y pancakes, todo por sólo $5.99 ¡el super slam a $5.99 está d

it's the second public resigning against mario draghi.e have her resigning, we don't have the details yet but i think it will be fair to assume that she didn't agree. she probably would have been more effective internally but what we are reading is there's a bit of mutiny going on at the ecb and people don't see that they have a lot of voice internally, so why not step down and save your own credibility? listeningthe market more closely to the doves the hawks at the ecb? oflof: for the last couple years they have only been listening to draghi. he was a master of communication. he had to deliver on these statements are otherwise the market would not be very friendly. as an economist, a kind of agree with that view. you reach the point that monetary policy will be effective for the economy. lowering rates even further doesn't do the trick anymore. i publicly saying and handing in your resignation, you are saying weneed a new narrative -- need a new narrative. matt: so now there is one less person with that mindset in the ecb. so arguablyavi

super mario will be taught in schools just like shakespeare.y're going to be playing nintendo as part of school. that's the one thing that could make video games boring is a teacher right teach it. now, remember, students, as in real life the best way to kill a turtle is to jump on it, okay? ( laughter ) i will say, i think teaching mario in school is a great idea. i learned so many things from that game i still followed today. if you eat spicey plants, fire's going to shoot out of your ass. if you see an open pipe, always jump into it. and most importantly, you never get the girl because she's always in another castle. yeah, because it's a castle. you can't chase her around. you can chase all you want because she's not coming back to your shitty studio apartment when the other guy has a castle so stop stalking her and get a job! these are the lessons i whrernd from games. ( laughter ) a new story from germany about an amusement park ride that wasn't amusing. >> in the one category, you have a job, a german amusement park was shut down as parts

european central bank president mario draghi goes bazooka, saying euro area countries, it is up to you. yvonne: the bazooka apparently wasn't as big as the market expected, talking about the qe. it wasn't as revived as what analysts were hoping for, and mario draghi talking about the festal side as well. david: yeah, really out with a jab to governments who can spend more. what is interesting is that he didn't really talk about the split within the vote area he said it was broadly supported. our reporting afterwards mentioned what we had in the headlines, france, germany and the netherlands opposing it. does that mean when madame lagarde comes in, she might encounter the same sort of obstacles to extending the stimulus? yvonne: the cap that open ended. rishaad: they will go even lower and that is a ball in the court of the likes of germany and france to have the ease to borrow more, should they want to. let's look at the reverberations in this part of the world, in the absence of trading in south korea, taiwan, and autumn festival in china. the bazooka coming through from the ecb, nikk

ecb president mario draghi spoke about the risks growth. mr. draghi: the risks surrounding the euro area growth outlook remain to the downside. these risks mainly pertain to the prolonged presence of uncertainties related to geopolitical factors, the rising threat of protectionism, and vulnerabilities in emerging markets. vonnie: we are joined now from frankfurt by bloomberg's matt miller. some announcements today, not just a policy decision in three parts, but also forward guidance from mario draghi. what were your key takeaways? matt: an explicit request to government to step in with more fiscal accommodation. i thought it was interesting when we first got the headlines because a survey of economists had set out the expectation for 30 billion euros worth of assets per said his -- of asset purchases for one year starting in october. draghi came out with only 20 billion euros not starting until november 1, but that could go on theoretically forever. it is open-ended initially, there was a little bit of disappointment, and then i t somof the mar

and they are quoting mario draggy who is outgoing head of the e.c.b. negative rates will not provoke the collapse of the financial system this is what mario draghi claimed as soon as you get official denial of course that is when to believe we are about to witness the collapse of the financial system. from. big countries accumulate big positions in gold that's an exit from because we know that over the past 300 years no fear money has survived they've all gone to 0 the average lifespan being 27 years with the exception maybe the british pound but it's lost 99.5 percent of its purchasing power so to stay in fear is an admission of venezuela i want to lose all my money or yeah i'm the why more republic it's all going to go to 0 people are exiting fear out there fear i have you know sitting. they are singing and of course we are here in la we go at a bit coin conference and this is the solver an individual saying adios to their exiting because they see that these negative rates are destroying capital and we see that the negative rates are destroying econo

mario: this will have to change.uzzled about what they should be doing in the future. matchupemember the andod of alan greenspan then something happened, the financial crisis 2007, 2008. monetary policy has done a great made thehas actually actors tooer policy easy by taking away the constraint of finance and money. francine: thank you so much for joining us, former prime minister of italy. tom: thank you so much. there are any number of stories out there now. one is clearly the continuing story into the weekend and the critical days next week for lords of brexit. joining us now is tony aarons. johnson --land for scotland, victory for johnson, but is there a big so what because it has been loss after loss parliament? because we have two courts that do not want to get involved and parliament, we are staying out. when they ruled in favor of gina miller that the parliament had to have a say on article 50, it is the opposite here. courts do not want to get involved. the interesting thing is the supreme court will hear th

and yeah mario is gone and they said they are too young to grasp that concept. >> reporter: mario, coaches say was a great kid. >> football was his north star a little bit. he made really good friends on the team and was a well-liked kid on campus. >> reflecting in the size and staying power of this vigil brought up short by how suddenly life could change and life could end. >> it is a time to blame this generation or to blame this child or these boys. it's just a time to wrap your arm around all of our kids and love them. >> his two friends injured in the crash are in stable condition. one air lifted to the hospital. the other one is hospitalized in marin. >>> first rain of the season fell on the bay area today. this is the soggy scene in san jose this morning. the first rain in the bay area since may and it got the week off to a west start for people on foot and out on the roads. but it did not stay for long. rain was postally gone by mid- morning. >> the same cold front dropped the first snow of the season in the lake tahoe area and this video was sent to us from north star near truckee

it is mario draghi's final meeting as the head of the ecb to the news moving lately. trade.nnouncing a two-week delay of tariff on chinese goods. they welcome what they call a good will gesture. amon, i wonder if it is less of a good will and more of a reflection that the tariffs were supposed to go into effect october 1, which is arguably the biggest celebration of the year because of the 70th anniversary and a real by bad day to do that >> this could be a belated case of the white house realizing that or the white house trying to figure that chinese government won't have a whole lot of latitude to negotiate before that big event. there is a lot of pressure on chinese leaders to hold the line maybe afterwards, the political position might be different. here is the tweet where he announced this decision saying, at the request of the chinese vice premier and due to the fact that people's republic of china will be celebrating their 70th an ver anniversary on october 1, we've agreed to move the tariff start from october 1 to october 15 just two weeks' delay but the president of

let's just take a listen to what european central bank chief mario draghi had to say about why this move was necessary the outlook for real g.d.p. growth has been revised down 420192020. the wrist surrounding the euro oyur growth outlook remains to the downside. these race mainly pertain to the prolonged person so the uncertainties related to geopolitical factors the rising threat to protection is an vulnerabilities in emerging markets. i was easy be president mario draghi just a short while ago at the press conference us president donald trump has been swift to respond to the e.c. peace decision taking to his favorite medium to express himself in a tweet he said they're trying and succeeding in depreciating the euro against the very strong dollar hurting us exports and the fed sits and sits and sits they get paid to borrow money while we are paying interest well what are we to make of all this let's go to comrade was now a man in frankfurt and under your hang also joins us in singapore and i hope we both have them on the screen and just a 2nd and i hope they can hear me already because

i was easy be president mario draghi just a short while ago at the press conference us present donald trump has been swift to respond to the east peace decision taking to his favorite medium to express himself in a tweet he said they're trying and succeeding in depreciating the euro against the very strong a dollar hurting us exports and the fed sits and sits and sits they get paid to borrow money while we are paying interest well what are we to make of all this let's go to come up was now a man in frankfurt and under your hang also joins us in singapore and i hope we both have them on the screen and just a 2nd and i hope they can hear me already because i would like to start with you can there you are more rate cuts and a fresh bond purchasing program the right move for eurozone economies do you think . well the e.c.b. chief druggy certainly argued his case you just played the sound bite he said that since the last u.c.b. meeting inflation and economic activity has significantly weakened in the eurozone that because of this the bold moves announced today were warranted but let me tel

president mario draghi announced another cut in interest rates pushing borrowing costs further into negative territory this is part of efforts to bring inflation down to just under the e.c.b. target of 2 percent. now here is more new drug use rather downbeat assessment of the euro zone's economic prospects take a listen to the outlook for rio g.d.p. growth has been revised down 420-010-2020. the recent roundy the euro area growth outlook remey to the downside. these recent mainly pertain to the prolonging presence of uncertainties related to geo political factors the rising threat to protection is and vulnerabilities in emerging markets. all right chris roberts here now from debbie business so chris what are we looking at here from the european central bank are they trying to prevent a recession or is this an effort to mitigate the recession that is inevitable. kickstarting the economy is that's what it comes down to no matter what the end game is so to say my a druggie sees these species that the economy in the eurozone is faltering they slashed the central bank slashed its economic outlook

mario draghi departs with a bang the president of the european central bank announcing another stimulus package right before the end of his tenure also coming up germany's flagship car show faces an existential crisis perhaps this was the last time a sitting chancellor open to frankfurt and china has been a look at of markets for american gin saying but the trade conflict between washington and beijing is hurting business. i'm chris cobra in berlin welcome to the program and this final european central bank policy meeting outgoing president mario draghi pledged indefinite stimulus to revive a flagging euro zone economy among the measures the introduction of a bond buying program and another cut in interest rates pushing borrowing costs further into negative territory the move is part of efforts to get weak inflation to rise to just under 2 percent the level experts believe reflects the right amount of momentum in an economy that's the druggy hands over to former i.m.f. chief christine lagarde of the end of october you will go down as the man rescued the euro the z b is ready to do whate

president mario draghi declared a return to quantitative easing for an indefinite time period and a lowering of the main interest rate into negative territory. let's take a listen to what the outgoing european central bank chief had to say about why his parting gift to the markets was necessary the outlook for real g.d.p. growth has been revised down for 200102020 there is some rounding the year oyur growth outlook remains to the downside. these risks mainly pertain to the prolonged presence of uncertainties related to geopolitical factors the rising threat of protection is an vulnerabilities in emerging markets. so the e.c.b. shut the starting gun who's next let's go to. following this story for us from the frankfurt stock exchange conrad. the b.o.j. the bank of japan the fed perhaps going to be next. well as early as next week the federal reserve is expected by many on the financial markets to cut interest rates again and it's very unlikely the the fed is doing this because of donald trump's tweet you know the u.s. president is constantly putting pressure on the fed to cut rates but the fe

president mario draghi wants another cut in interest rates pushing borrowing costs further into negative territory this is part of efforts to bring inflation down to just under the target of 10 percent interest mantra of his rather downbeat assessment of the euro zone's economic prospects the outlook for real g.d.p. growth has been revised down 420-010-2020. the wrist surrounding the euro area growth outlook remains to the downside these risks mainly pertain to the pro long presence of uncertainties related to geo political factors the rising threat to protection is and vulnerabilities in emerging markets. because i'm very happy does he has married drug rob what's from d.w. business can explain what mr drug was talking about well rob what's the e.c.v. trying to do well this is the c b m r e a drug yes but it's sort of trying to go out with a bang with one of his final acts as the president of the european central bank and just get the european economy going because you had that assessment we just got in there it looks like the european economy is headed for a slowdown and we've had some

nikkei both ending up also helped by him the thor and us china trade relations the city president mario draghi declared a return to quantitative easing for an indefinite time period and the lowering of the main interest rate deep into negative territory. i asked africa correspondent susan if it's likely the european decision will have reputations on the other side of the atlantic. as early as next week the federal reserve is expected by many on the financial markets to cut interest rates again and it's very unlikely the the fed is doing this because of donald trump's tweet you know the u.s. president is constantly putting pressure on the fed to cut rates but the fed has the same reason that mario draghi mentioned in that sound bite you just played also in the united states the outlook for businesses has become more in secure inflation perspectives have weakened so the fed is inclined to do something by the way the u.s. budget deficit the deficit of the united states has just reached one trillion u.s. dollars again so off course mr trump once lower interest rates it allows the treasury t

mario one of the authors who put the report together is with us now in the store studio good morning mario morning that was a very moving reports a very disturbing 1st firsthand accounts that you found there people being sold to extortion as to use torture. is there any way to tell how common this is very difficult to say actually as i just saw the smuggler that we that we have met that we interviewed also in the report he says that sometimes refugees come to his drivers and say you know i don't have any money but i want to travel through this how does the tibia have a friend in libya who will pay for me but then they arrive there and there's no friend so at the drivers such father possibilities to get the money and so they sell them to the to these torture chambers and then they torture the mile and so that they get the ransom from their families back home. but i also spoke to myron's told me well that's simply not true i paid for my travel and i was i ended up in these torture chambers anyway ok what about international investigators getting into libya and looking into all of this

and they are quoting mario draggy who is the outgoing head of the e.c.b. negative rates will not provoke a collapse of the financial system this is what mario draghi claimed as soon as you get official denial of course that is when to believe we are about to witness the collapse of the financial system. from. big countries accumulate big positions and gold that's an exit from because we know that over the past 300 years no fear of money how survived they've all gone to 0 the average lifespan being 27 years with the exception maybe of the british pound but it's awesome.

and they are quoting mario draggy who is the outgoing head of the e.c.b. negative rates will not provoke the collapse of the financial system this is what mario draghi claimed as soon as you get official denial of course that is when to believe we are about to witness the collapse of the financial system. from. big countries.

and they are quoting mario draggy who is outgoing head of the e.c.b. negative rates will not provoke the collapse of the financial system this is what mario draghi claimed as soon as you get official denial of course that is when to believe we are about to witness the collapse of the financial system. from. big countries accumulate big positions in gold that's an exit from because we know that over the past 300 years no fee money has survived they've all gone to 0 the average lifespan being 27 years with the exception maybe the british pound but it's lost 99.5 percent of its purchasing power so to stay in fear is an admission of venezuela i want to lose all my money or yeah the wire more republic it's all going to go to 0 people are exiting fear out there fear adieux sitting. they're singing and of course we are here in la we go at a bit coin conference and this is the solver an individual saying adios to their exiting because they see that these negative rates are destroying capital and we see that the negative rates are destroying economies in fact w

draghi, of course, is leaving on a month's bank, mario draghi, of course, is leaving on a months time they want to government spending, lower taxes, contribute to what monetary policy is doing and it will help the policy makes a lot more, where central banks have been at the forefront of trying to support economies. they really want to see that shift to governments stop who has the wriggle room to do this? this is the problem, not many countries and. even france doesn't have that wiggle room, they would like to see the deficit come down next year —— not many countries in. germany has the most wriggle room in europe —— not many countries are. it is the biggest they have actually got the wiggle room. the netherlands as well, much smaller economy, worth about 6% of the whole of the euro area. but also they are doing something to loosen policy. those are the two economies where you would see most support. will germany follow suit? because that would make a big difference. we probably need to a worsening of the german economy if... to see them willing to step up for school support because

nobody loves their family more than mario no. mario. -- mariano. >> amazing.ayk god for a wonderful and allowing us all to be here in person. mr. president, thank you for all those words and remarks. they give -- thank you. my wife, my kids and my family, guys, yourthout you support and your prayers, mr. joe, i benefit from a lot of those prayers. for me it is and honor and privilege to receive this medal of freedom. all i did was try to be the best and do the best for america. one thing that i have to remark, it is one remark. when i came here in 1990, i came to tampa. i spoke no english. i tone speak it well now. forget about 1990. [laughter] the reason i did that is because in the team, there were a lot of players that spoke spanish. so i got a little comfortable, and then tried a little bit to learn the language. i econd year in baseball was in north carolina, where most of the people didn't speak any spanish, especially my teammates there. i was a little younger, so the guys that spoke spanish on the team would hang out with older guys. i was hanging out

that, and the easing from mario draghi yesterday.might be leaving with a final stimulus package but faced unprecedented opposition. we speak exclusively to one of his more hawkish colleagues. more from our interview with these -- with the austrian central bank governor. this is bloomberg. ♪ anna: welcome back to the european open. 8:41 in london. equity markets are pretty flat this morning. the ftse 100 is pretty flat, and elsewhere, more movement to the upside. lots going on in the trade story. let me tell you a little bit more about the ecb. we have been speaking to the austrian central bank governor, asking him whether he thought there was a possible policy mistake being made by the ecb in announcing a suite of measures, all of an easing nature. let's listen in to what we heard from one of mario draghi's it was colleagues, the austrian central bank governor. it is intensive but very constructive discussion. everybody listens to the others and so it was a discussion where one tries to take the arguments your --ther seriously seriou

we may hear more from mario draghi.raghi is the rhetoric which is this real? stephanie: we should keep expectations in check, whether we will get real substance. it is mario draghi's last performance so they get more excuses, lawmakers, talk about the past and talk about his time as the european central bank president. i suspect he will say what he said the other day is that this is the right approach and it will do enough and we don't need to do more. alix: thank you very much. that wraps it up for me. coming up, the open with jon ferro. this is bloomberg. ♪ jonathan: the count down to the open starts right now. ♪ jonathan: equity markets in the united states hanging on the trade war twist and turn. the global fallout continues. south korean exports dropped. euro zone manufacturing looking worse. worked board members looking to remove the ceo. good morning, here is your monday morning price action. futures are up, then they were down and now they are unchanged. the dollar stronger, the euro weaker, sub 110. for the six