martin schulz is down but not quite out and some pundits they he will need a miracle to be chancellorerkel. our question this week is merkel versus schulz -- no context? , a joined by ulrike herrmann business editor for the berlin daily, who says the only chance schulz has is to show he is something very different than angela merkel. he must not be seen as a copy of the chancellor. also with us is matthew karnitschnig, chief european correspondent at politico, who believes the problem for the social democrats is not schulz but merkel. and a warm welcome as well to anna sauerbrey, editor at another berlin daily, who says schulz cannot catch up and merkel has the election in the bag. we will wait and see. tell us about what just an important week this has been in german politics. ulrike: martin schulz originally thought that he had the chancellorship secured, and after this pre-election, he has to realize that he does not because of the three elections that were all regional elections , a very important lesson, it was always the conservative candidate that when in the end -- that won in

martin schulz his arrival in the scene. it gave a surge of support.ections in a rope up the focus now moves to the autumn is that national elections. —— autumnposmac stay with us on bbc news, still to come: a good night at the baftas. netflix fails to take the crown. the pope was shot, the pope will live. that was the essence of the appalling news from rome this afternoon, that, as an italian television commentator put it, terrorism had come to the vatican. the man they called the butcher of lyon, klaus barbie, went on trial today in the french town where he was the gestapo chief in the second world war. winnie mandela never looked like a woman just sentenced to six years injail. the judge told mrs mandela there was no indication she felt even the slightest remorse. the chinese government has called for an all—out effort to help the victims of a powerful earthquake, the worst to hit the country for 30 years. the computer deep blue has tonight triumphed over the world chess champion, gary kasparov. it is the first time a machine has defeated a reigning

francine: what are you looking at for martin schulz?ifficult for september, but he vowed not to step aside. we of the federal elections september 24. is it a clear win for info merkel or in politics, a lot can happen in four months? inpolitics, like an happen four months. there were not a lot of people out there saying donald trump was going to be the next president of the u.s. last july or even last august or last september or even last october. things can change quickly. as martin schulz is concerned, what he is to do is paint this election coming up september as a true federal election. don't forget, the and rw election over the weekend was a regional one. to try to dogoing is say, look, voters were voting on state issues, not federal issues. the election in september is about the country, not be state. tom: what do the people say? what do the media say within germany, the newspapers, are they greeting mr. macron with open arms? matt: there definitely greeting him with open arms. there is going to be a military welcome for him today.

the energyappreciate of martin schulz, but also i am somebody who has worked a lot with medical.ierre: i admire -- with angela merkel. i admire pragmatism. whoever is the next german chancellor will be a strong leader, a dedicated poster p.m., and -- pro-european. the elections in germany are not a major worry. i see that the extreme right is in disarray, and well, let the best win. matt: i spoke with commissioner moscovici about greece. he was optimistic we would get a deal at the may 22 euro group meeting. that will be what ministers discuss a lot on the sidelines of this g7 meeting in bari. anna: that is going to be something that gets discussed. let us talk about the stocks that are going to be on the move today. we are minutes away from the start of european equity trading. keep an eye on vivendi.either companies we are watching closely today . the event a $.2 billion from the french advertising firm. assets put together by -- we will see what kind of reception that gets from investors. we have seen some very aggressive calls around havas this morning, between 7% and 10% . a

can do things together with angela merkel's experience and emmanuel that talkxcitement, has left martin schulz out. even though macron and schulz are really allied with their view on the future of europe. get more insight on the geopolitical risks facing europe after the elections of germany and france, with the upcoming brexit negotiations. joining us now, roger bootle, a specialist advisor to the house of commons treasury committee. roger, thank you for joining us. ,ince the election of macron does that harold great things for france? roger: i doubt it. france, and the euro project are going through a honeymoon period. this is more comfortable than if marine le pen had won. but the barriers he has got to overcome are absolutely enormous. i would not be fooled by all of this handshaking and gladhanding and smiling. to pull something off, he could do something quite remarkable. it is not so much getting the majority of the french assembly. is not only the assembly, it is on the streets. macron andabout merkel? what does their relationship mean for the future of the e.u. project? how are they g

the victory deals a blow to martin schulz' bid.audi arabia's oil minister has signaled that output occurs could extend into next year. speaking in malaysia, he says he is confident that an agreement by crude producers to ease production will be extended into the second half of the year and possibly beyond. he also said that he is confident that the global oil markets will soon rebalance and return to a "healthy state." global news 24 hours a day powered by our 2600 journalists and analysts in more than 120 countries. can find more stories on the bloomberg at top . hasnna has mentioned, it been a good start to the trading week. with the exception of china. the member the nikkei and the topix has -- have come back after being closed it for most of last week and they are both we haveat the highest seen since december 2015. china is a different story. weakness is coming through the shanghai composite. isebound in metal prices helping the australian share market. looking at some specific stocks. a front-runner in tokyo is up 9.5%. a

martin schulz, the leader of the centre left, was banking of hanging this state and getting a solid left—wing that explicitly. that has not happened. it has been a real blow for mrs merkel‘s rival to the chancery inn september. this is a real blow for the spd centre rival but also a clear statement of confidence for mrs merkel because the really strengthens her centre—right party and it means is we start the run—up to the elections in september is making her look stronger than ever. the polls are looking good, she seems a safe pair of hands and so far there is really no one to beat her record the main rival is now looking severely weaken by today's regional election results. —— weakened. labour has defended its promise to raise billions of pounds for public services with a new tax on financial transactions if it wins the election. under plans for a so—called "robin hood" tax, stamp duty currently paid on the sale of shares would be extended to cover other types of trading in the city of london. the conservatives are promising to build a "new generation" of social housing in england if they wi

early optimism at the polling booth from the spd leader, martin schulz, soon made way for disappointmentall. translation: this is a difficult day for the spd, and a difficult day for me personally. it's my home state, where we have suffered a bitter defeat. we've lost an important state election. earlier this year, mr schulz‘s arrival on the german political scene gave the spd a surge in support. since then, his party has lost three regional elections in a row. the focus now shifts to autumn‘s national election. sarah corker, bbc news. stay with us on bbc news. still to come: beijing unveils ambitious plans for a massive infrastructure project connecting asia to africa, europe and beyond. the pope was shot, the pope will live. that was the essence of the appalling news from rome this afternoon, that, as an italian television commentator put it, terrorism had come to the vatican. the man they called the butcher of lyon, klaus barbie, went on trial today in the french town where he was the gestapo chief in the second world war. winnie mandela never looked like a woman just sentenced to six

months' time and that is partly because this is traditionally a sdp centre—left stronghold and martin schulz that they were going to win their and they were going to set up a strong left—wing coalition government in that area because martin shilts felt some enthusiasm from left—wing voters over the past few months and he assumed he would do well here and that this would be a strong signal for september. do well here and that this would be a strong signalfor september. he has just a strong signalfor september. he hasjust said a strong signalfor september. he has just said about half an hour ago that it has just said about half an hour ago thatitis has just said about half an hour ago that it is a difficult day for social democracy and a difficult day for him personally because he is well aware now that this is a signal that actually the support around the country may not be as strong as he thinks, because what we have noticed over the past few weeks really is that the initial enthusiasm for him seems to have faded somewhat and that polls are showing that actually angela merkel, the current in

i asked him what the election of macron means the possibility of martin schulz or angela merkel sittingn the chancellery this september. lucky andmans are this is not a source of concern, because whoever is the next german chancellor will be a strong leader, dedicated for europe. he is a frenchman also, so he is very happy for this election. he was concerned initially about the popularity of le pen, because of his pro-european stance and he expects either choice for germany will be a good one. vonnie: how has the reception been for the u.s. finance minister, as far as you can tell? matt: yesterday he had a one-on-one meeting with the italian finance minister, janet yellen was in there with them as well. today, he didn't show up to the meeting until about two hours after most of the other ministers did. so everyone else was here from 8:00, 8:30, and secretary mnuchin didn't get here until 10:30. no word on whether he was jet lag or he had other meetings or you didn't want to go to that particular panel discussion. or haveis a technical you seen before a federal reserve chair at these mee

martin schulz running against angela merkel has been focused primarily on the economy not on migrationcurity issues, terrorism, others that potentially merkel is much weaker. you have seen his support of apparatus of the course of the past week. and a solid win for merkel is going to make it much easier in europe. from a global perspective, we are very far from that. >> how much to be understand whether she gets along with president trump or not? you mentioned german cars were bad and the market share, he has gone after germany for the surplus. issue the right person to bridge this communication between the europe and u.s.? >> she certainly acts with respect towards leaders. she is first and foremost an institutionalist and will treat the institution of the presidency with the deference and the support that has been deserved over several generations now. there's no question that her relationship with trump and her administration's relationship with trump is very badly damaged. know merkelot personally, i certainly know many of her advisers. they will all tell you that they think he is

september 24th — pitting chancellor angela merkel against the former european parliament president martin schulzlarity of the two candidates. 0ur germany correspondentjenny hill has this report from the state of north rhine—westphalia. not a vote cast yet, but there is something of the victory march in angela merkel‘s step. it is actually years since her party won here. the polls suggest that might be about to change. it is not often that a german regional election is considered so important. angela merkel knows that if our party can to back the state, angela merkel knows that if her party can take back this state, then she has a very strong chance of taking the country, come the autumn. but first, she must persuade this town, this country. translation: i think she really will be chancellor again. she is very self—assured, reliable and calm. and because she's a woman, i like that. translation: she promised too much and invited to many people without thinking, and too many of the wrong people came into the country. one man stands between angela merkel and victory. martin schulz‘s arrival on the g

the victory deals a blow to the spd leader martin schulz's bid to replace the chancellor in september's federal election. held's overseas shipments up in april, aging down from a two-year high in march. exports rose 8% in dollar terms from one year earlier as imports increased 11.9% three that left a trade surplus of just over $38 billion. china's export outlook has improved on recovering global demand and as the threat of a trade war with the u.s. recedes. arabia's oil minister has signaled that output curves could extend into next year. speaking at an event in malaysia, politically or -- al-falih saidy -- the rush would be extended beyond the market rush. he said his confidence the markets would return to "a state." in the u k, theresa may's government has accused some european union countries of wanting britain to fail. in the most outspoken comments so far, a secretary claimed european commission president jean-claude juncker held very hostile briefings against the prime minister to deliberately influence motives. the comments come as britain's ruling conservative party pushes the v

the victory deals a blow to martin schulz's bid to replace 'se chancellor in september federal election. china's overseas shipments held up in april, edging down from a two-year high march. exports rose 14.3%. earlier,rom a year increasing 14.86%, leaving a trade surplus of $38 billion. china's export outlook has improved on the covering global demand at the threat of a trade war with the u.s. receding. theresa may's government has accused countries of watching britain to fail. is the most outspoken comments so far. the european commission president, john claude juncker, -- jean-claude juncker -- comments, as the conservative party pushes for votes it next month's general election. globalism and 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. i am mark barton. this is bloomberg three die and tom -- this is bloomberg. guy and tom, back to you. tom: guy johnson and tom keene from maison blanche. we are in the fancy party town. the white house. it does not look trumpian. an acclaimede is restaurant in paris. many of the elite meet to greet her

coming into this, it seemed like macron had a lot more in common with merkel's challenger, martin schulzwas blasted in the third election in a row. his campaign looks tenuous to say the least. merkels like macron and were trying to strengthen their friendship and our cooperation for her part. theel offered opportunity to change eu treaties. that is because of the debt issues you have mentioned. the french really want this to had a tougher time in the recovery than germany. they have much higher unemployment than we do here in germany. merkel has to deal with. giving them breathing room would be helpful. in exchange, merkel offered reforms. they were not pinned down in those specifics of reforms or changes. anna: thank you very much, matt. larry is still with us. debt neutralization, part of the conversation around europe, at least macron has reintroduced this. talk about this. favoredaying i never neutralizing existing debt. what we need to do is work on greater aspirations for the future. what prospect for that greater integration? i assume he is talking about debt. larry: these are ope

bixby martin schulz who winds. than it waslose with francois hollande.hen it comes to the euro crisis in the first place, nobody turned around and asked why the building was on fire in the first place. nominationthe that existed in 2012 was sealed with the bond market and excessively the ecb came out and soul that issue. the ecb can't do anything about that. what can politicians do about it to take the question off the table? >> lower unemployment. , matt shouldo that push populism down. unemployment should -- has remained sticky. whereht be the one time -- he was talking about inegotiating the treaty so think this is another story we will be talking about in five years to come. imagine macron going up to germany and asking for? >> is not this year, next year. will be a nice story to talk about. christ good to see you guys. some breaking news for you. exploringd comcast operational efficiencies. the sword broke yesterday. they are trying to work together to's -- to compete with at&t and verizon. that part of a story. this year up by about 15%. on inl dis

early optimism at the polling booths from the spd leader, martin schulz, soon made way for disappointmentons in a row. the focus now moves to autumn's national election. richard forrest, bbc news. i have been briefed by the gchq and the national cyber security centre and according to our latest intelligence, we have not seen a second wave of attacks and the level of criminal activity is at the lower end of the range that we had anticipated. i think that is encouraging. the message is very clear, not just for organisations like the nhs but for private individuals and businesses. although we have never seen anything on this scale when it comes to ransomware attacks, they are relatively common and there are things that you can do, every one of us can do to protect ourselves against them. in particular making sure that our data is properly backed up and making sure that we are using the software patches, the antivirus patches that are sent out regularly by manufacturers. these are things that we can all do to the of the impact that we have seen over the last 48 hours. jeremy hunt talking abou

. >> macron will be a comfortable partner either of angela merkel or of martin schulz when we see electionsy later this year. it is a stronger europe, and integrated europe, and certainly marine le pene if would have come in, and immediate crisis. rishaad: indeed emmanuel macron 's victory scene is good news and a blow to populism around the world. my next guest says it makes the ecb's job a lot easier. thank you for joining us. let's kick things off with a look at this. you could say it is say blow to the populist trend, but it is more complicated than that, isn't it? >> this is the big thing. rishaad: we also have that victory for angela merkel as well. >> this is evidence that europe is bouncing back politically towards the middle, and this is good news that is good for the economy. this would bring a lot of positive effects with it. rishaad: you are saying that about the politics, but what about the economy? you are describing it as an economic boom. >> the euro area is bouncing back. the measures the ecb has taken to get the economy back to growth are becoming more strongly felt. you s

martin schulz‘s arrival on the political scene gave his party a boost in the polls. but even here, in spd country, the so—called schulzhulz effect is wearing off. translatiosz approval ratings will only stabilise once he declares what he will do. —— his. in the eyes of his voters, that has not happened yet to be we need a clear programme for what will happen in the electorate. that includes a powerful industrial lobby. the next chancellor of germany will need the support of the industries. translation: we need to cut bureaucracy. we need a modern education system. we need support for businesses in the digital future. and we need better infrastructure in this region. angela merkel may seem reluctant to ta ke angela merkel may seem reluctant to take the battle here, but make no mistake this woman once german voters to dance to her tune. jenny hill, bbc news. apologies for the slipup. you might have noticed, they are not yet elected mayor. if you've been to bangkok, you'll know the street food is a major attraction. many view the stalls as a key part of the city's traditional character. the authorities had wanted the str

martin schulz‘s arrival on the german political scene gave his social democrat party a boost in the polls. but even here, in spd country, the so—called schulzroval ratings will only stabilise once he says very clearly what he wants to do. in the eyes of the voters, that hasn't happened yet. we need a clear programme, clear policies, on topics which matter to the electorate. and that includes a powerful industrial lobby. germany's next chancellor will need the support of the mittelstand, the country's family firms. translation: we need to cut bureaucracy. we need a modern education system. we need support for businesses in the digitalfuture. and we need better infrastructure in this region. angela merkel may seem reluctant to take the baton here, but make no mistake. this woman wants german voters to dance to her tune. jenny hill, bbc news, germany. tanya beckett is here with all the business news. you are also talking germany. we start in europe's economic powerhouse, because, in a couple of hours' time, germany will release its latest gdp figures. growth is expected to have accelerated in the first three months of the year, fuelled by glob