mr. macron in france. reporter: his approval ratings are in freefall, but emmanuel macron wants to try what no other french leader has managed, to reform the rigid labor laws. his measures include curbing the role of trade unions, limiting unfair dismissal payouts, and allowing bosses to negotiate more working terms and conditions strictly with staff. you can imagine the reaction from unions. >> trade unions had held out hope you might be able to quash the labor market reform, but the new law today makes i it easiero dismiss employees. it endss thehe 35-hour work week cap. smaller businesses will be able to operate more freely. >> [speaking french] >> [translator] for the first time, t they are givining prioiy to small and medium-sized enterprises. we're putting it to companies to adapt to conditions on the ground as they see fit. we are giving new rights and protection to employees in a changiging m market. reporter: the labor market reform is the first major piece of economic reform to be implemented und

they signed a petition in an attempt from obtaining mrs. macron from taking a salary , so they are pushing back on that bid to make her role official. the previous president alon wasn't even married. he just had miss stresses. true story. who is sleeping soundly and who is tossing and turning tonight, the final five coming up after this. ♪ [brother] any last words? [boy] karma! [vo] progress is seizing the moment. your summer moment awaits you, now that the summer of audi sales event is here. z2e2bz z1a2z y2e2by y1a2y what made two guys build race car engines in their own shop? what made them believe that a two-ton behemoth could compete in a track race? or that they could take on the elite in world motor racing, and win? we may never truly understand what drives mercedes-amg. but here's to another 50 years of it. mercedes-amg. half a century of driving performance. [vo] the grille is distinctive. but it's usually seen

earlier, frenchjournalist agnes poirier was speaking to us, explaining the strange situation that mr macronved an extraordinary election result but is still under enormous pressure. he still has control of everything with an absolute majority in the parliament. with france, and especially with reforms of labour laws that he wants the carrier, and which were in his manifesto, so he didn't take any one surprise, which isa didn't take any one surprise, which is a problem for the trade unions, and he has held negotiations from the beginning. being france, the legitimacy of power really lies ultimately with the people, and it is down to the people to take to the streets or not. to make demonstrations are planned for the 12th of september. two out of three trade unions said they wouldn't take pa rt trade unions said they wouldn't take part today, which is big news. but the communist trade union, which is extremely powerful in public services and is able to paralyse the country, said it is keeping that demonstration. 11 days later, on the 23rd of september, we have another demonstration organised

mr macron is not the first french president to attempt this kind of reform.union has so far called for a strike again, but others say the door is still open if the reforms don't add up. as the economy is improving, it doesn't give real sense to those reforms. if in fact it's only a matter of asking all people to tighten their belts, when at the same time the economy is improving, of course people wouldn't understand what is going on. the gloss is coming off france's new pro—business president. in the months since his election a sharp fall in approval among voters has exposed the tensions over his reforms. as president, emmanuel macron wanted to remain aloof, above the fray of daily politics. but embodying the wishes of voters from both left and right is becoming harder as his campaign vision gives way to concrete choices between reforms that please business, or protections that pacify his left—wing support. lucy williamson, bbc news, paris. the ancient religious cult of voodoo has more than 30 million followers around the world, and it's a thriving presence i

mr. macron. they know what we have to do. understand what the country needs and i think it is going to go ok. french say3% of the they have no confidence in macron delivering this reform. we've seen the popularity going down more than 20 points over the summer. do you not agree with it? >> know, because i think if you it isls every two weeks, not really important. the really important thing will be the real measures, the impact on the economy. we will see a decrease of the unemployment. we will see an increase of the gdp. off if theare better economy is better. i think that people will forget all that. caroline: provided that this reform passes without major strikes, are you going to renegotiate some agreements? >> it is too early. we don't even know what the measures will be. we will see. francine: that was caroline connan speaking with the l'oreal ceo in versailles. we are back with martin lueck, chief investment strategist at blackrock. we were hearing from junkball. how dangerous is it for these exporters? do they need to

mr. macron's agenda was to bend the rules a little bit. he was hoping to spend a little bit more.n terms of the debate in the german election, the french and what they might do and how angela merkel might handle the incumbent? guest: absolutely it will become a topic as we see from remarks from the french side but also the german side of it most likely, these debates will take place after the election and it will be a two-step procedure. macron said he needs to get his own house in order so he needs to take those of structural reforms that have not been taken in recent years. the next step will be to raise higher expectations for germany and for germany to put its power into play. it will be interesting debates over the fall. matt: we have seen wolfgang asaeuble speak over these well as a deeper fiscal union in europe. he is a huge statesman for germany. is he going to remain in his position after the election as finance minister? guest: obviously i don't know and it also depends on how the government comes together. matt: if the government comes together and someone else picks th

mr. macron to get on with some real reform in france and set the bar for the italian elections next year.k ambiguity works anymore. i think around the world, you need to say it how it is. i've got something for you, i will put a proposition to you. what is the risk and reward for janet yellen? risk, transitioning to a balance sheet reduction, we've got that. the transitory nation of inflation. asset values, she has her concerns. she said it at the british academy in the u.k. i decided to check those three, put it together with triple c rated paper. i haven't been to belarus, but mongolia, belarus and ukraine, this is the quantitative easing around the world and to reach for yield. there are summary in signs. if these governments are able to borrow at sub 6%, i think we should be worried. i agree, but i also think 100 year bonds are an interesting phenomena because we know in the u.k. our perpetual's have only done one thing and lose capital overtime. qamar two things i would disagree with. not bek inflation may transitional. it has all been about oil but inlook outputs are tight but the u

mr. macron, will he spend? that could be another nice piece that adds to the story.cally current operation profitability of 3% to 5% and that to me, i had 5% written in. profit desk 2016 profit -- penciled in 2.41, that is a mess. -- that is a mess. profits of 3% to 5%. that is a raising of their earnings forecast and was it due to jamison. you've got the world's largest distiller, jamison whiskey extending the eight year sales street that they have had -- sales streak that they have had. earnings rose 3.2% on the 12 month through to june. growth has accelerated. confidence of improving our this is performance. confidence from a glass of havana club. morning., good nejra, take it away. index --e msci a is it msci asia index higher today. most industry groups higher. underperformers are telecoms and energy. we're seeing a risk-on in the asian markets. we're looking ahead to the pce later today and the key jobs data. tomorrow, bloomberg dollar index higher for a third day, heading for its first monthly gain. we will take what we can get. bloomberg dollar index at 1156.

mr. macron one, a strong positive and people got too excited. it was everybody's favorite region.undamental reason, the euro became stroke. on it -- became stroke. -- became strong. provisions rolled over. they are now turning over again and we're interested in europe having a strong move even with a strong euro. dave: thank you for mike mckee for joining us and mike wilson, will keep you around. coming up later this week -- a strong lineup of fed voices including robert kaplan. live from new york, this is bloomberg. ♪ alix: small caps have been rolling over and into an interesting story. this is s&p many futures, the blue line. the rest of 2000, the white line. anything below the red line is short and above is long. divisions very short when it comes to the rest of 2000. with us is a mike wilson of morgan stanley. how much more pacifism to be done -- has a missile to beat -- how much more pessimism to be done? mike wilson: we took off the two-year average and i watch it. it is almost self fulfilling. as i like to say, breakdowns and breakouts are for suckers and that's where you

mr kenyatta has 55% of the national vote. but the electoral commission has urged voters to wait calmly for all the results. french president emmanuel macrono be backing down over plans to create an official first lady position for his wife. the issue became politically awkward for the new president, after thousands of people signed an online petition against the move. hackers have demanded millions of dollars in ransom from the us television network, hbo, saying they'll release a huge amount of stolen data if they're not paid. their message came as they uploaded other hacked material, including the script of next week's episode of game of thrones. now this is southwest china where a man is heading through a bus station security scanner in guizhou province. but once scanned, security officials were alarmed when this showed up — a picture of an arm. the man was transporting two human arms and he was initially detained on suspicion of murder. but it turns outs the arms belonged to his brother, who'd had them amputated after an accident. a shelter for migrant workers in singapore has warned of an alarming trend — a rise in the number of under

come: a backlash against president macron's plan to create an official first lady post for france, and his support takes a tumble. the invasion began at 2am this morning. mras clearly caught by surprise. and we call for the immediate and unconditional withdrawal of all the iraqi forces. 100 years old, and still full of vigor, vitality and enjoyment of life. no other king or queen in british history has lived so long, and the queen mother is said to be quietly very pleased indeed that she has achieved this landmark anniversary. this is a pivotal moment for the church as an international movement. the question now is whether the american vote will lead to a split in the anglican community. this is bbc news. the latest headlines: the polls havejust opened in kenya for a general election that's being closely watched amid fears the result could trigger communal violence. north korea has said tough new un sanctions will not stop it from developing its nuclear arsenal, as it angrily rejected proposals for negotiations. the french president is facing a backlash against plans to create an office of first lady. more than a quarter of a million people have signed an

mr. earlier this year. both the u.k. prime minister and diplomats have been critical of president trump's response to the deadly violence in charlottesville, virginia. it, say that trump got quote totally wrong." macron been on a charm offensive in eastern europe to limit the relocation. period to 12 months. global news, 24 hours a day powered by more than 2700 journalists and analysts in over 120 countries. i'm mark crumpton, this is bloomberg. julia: back to president trump who seems to be spoiling for a fight with congress over funding a wall with mexico. it is one of the top stories on the bloomberg right now. jennifer jacobs has more from the white house. great to have you on the show. talk to me about these two things because they are separate. we tend to group them together. the job of getting the spending bill done is raising the debt ceiling. what is the likelihood that those two things are tied together to get them to the president's desk. >> you have his advisers saying you need to go to the mat. it is worth shutting down the federal government in order to have leverage to get lawmakers to give him funding on paying for the wall. they think that is so important to his core voters. he is be