s. europe was experiencing a baby boom renault boss pierre dreyfus responded within the vellum out of a radically new interior design for a midsize car. to mislead the car to stick to stuff our recall is what drive has announced to his team we've got to see things in a new light a car cannot always consist of four seat selfhood in a trunk we've got to see it as a single space the result was the one thousand nine hundred sixty one renault are for a revolutionary and innovative compact car and in one nine hundred sixty five renault watched the are sixteen a mid-size family car with a hatchback a large trunk lid and flexible interior and teen age defy me to coachella. during the design process the engineers had almost total freedom the only requirement was a front wheel drive and just four years the newly established design department progressed from a prototype to a production model are sixteen then build a new production facility and some go. in france. just import for christo says when they are sixteen was launched the media were impressed that they praised the cars a benchmark and symb

europe. absolutely but it's s so veryy important foror the workersrs ad soututh amemerica because thihis like a an anaheim known terertoy for us amazonn is just. getting into latin america with like a lot of rations. and that's it f for business. you can run thank you very m muh indeed y your to the bususiness. crossing the studidio arrogant given me what's good evening how you market thanks are great to see e if i will thank you now t. you've been loloing at spapain e elections that course no oveverl majojority -- the socialists set up the whip hand it seseems but they could to tryy and put togetherer some kind of miministration so what what he t yes so i'v've been following the reaction on social media just wanted to start with this photograph which i think is quite emblematicc of pedro. sanchez z is mindset. we're e still waitining for it o come up b but so there's's no confusion that is not the jusust sentence. that's a joe biden lobby but i would like to tell us about. tell us about it so it's there is so he's standing on stage looking victoria celebrating of cocourse the victory of the

i thought that would make the s&p europe, but watch out, brent. is trading higher, wildcard having -- wirecard having a reasonably solid morning. 40 trading up .1% -- cac trading up .1%. let's tell you what is happening with the royal bank of scotland, coming out with a difficult set of numbers. a brexit affect. mr. mcewan announced he will be leaving. today the royal bank of scotland is raining out the brexit faith. it's numbers reflects the share pricing. we will talk in just a moment about this. today's numbers encapsulate deutsche bank's problems. the investment bank consumes huge quantities of capital yet delivers very little in terms of returns. i wonder if the commerzbank deal would have resolved those issues. sanofi out with a solid sense of numbers. the drug sector is one of the best-performing stock sectors in europe. key drugs performing strongly. there are highlights in europe and the drug sector has been under pressure, particularly stateside. is the see that, there top end the story, media and telecoms going back. you do not want to

the irisish low-costst airline s one of the top 10 polluters in europe. ryanair coming in at number 10 after nine coal-fired power plants. it's the first time in airline has made the list despite the company's efforts to offset emissions. ryanair has made it to the top 10 of another list, and it's not in good company. the european commission has released its annual ranking of carbon emitters in the eu. ryanair shares the accolade with nine coal plants. with some 10 megatons released last year -- the budget airlines maintains that in terms of lights, their offer is s as green as it gets. >> ryanair is europe's cleanest and greenest airline. we had the lowest co2 emissions per kilometer traveled. >> the low-cost carrier has invested in fuel-efficient technology. it has even let customers donate to climate charities. their total emissions rose by 6.9%. onceeration of nonprofits political measures -- wants political measures. >> this trend will only continue until europe realizes this under regulated sector needs to be brought into line, starting with the tax

europe. he went to your four times during the 1920's to study because that is what artists did. your artistic education was not really complete until you went to europe. for the early years of his career he was painting in an american impressionist style. a lot of loose expressionist brushwork. even paying a very quickly. during the mature phase of his career, he slowed down. he developed this hard edged more linear style. that coincided with him coming back to his last trip to europe that he took in and realizing 1928 that the midwest was just as worthy of midwest artistic consideration as europe. he wanted to paint what he knew. he wanted to paint the people and landscapes that surrounded him. this studio allowed him to be a professional painter at a time where it would've been rare for someone in eastern iowa to have that profession. the mansion next to the studio longed to john b turner who wanted to turn into a mortuary. he hired grant wood to help with the transition. he happened to offer him the space the carriage house. wouldfered to let grant -- wood move into the carria

s exit from europe again and office to meet the opposition leader to try to break the brics a deadlock. six months after the killing of journalist jamal his shorts he reports say the saudi government paid his family millions of dollars in compensation. other to algeria as president abdelaziz bouteflika has announced his resignation weeks before his mandate is due to end the military veterans decision to step down for those six weeks of nationwide protest against his twenty year rule many people in algeria calling for a complete overhaul of the political system which they say is dominated by a military elite a little earlier beautifully issued a statement about his resignation he said i decided to end my term as president of the republic effective on tuesday this. second of april twenty ninth i made my decision to calm the minds of my citizens and to allow them to collectively transition algeria to a better future all my work efforts and sacrifices aimed to strengthen the national unity independence and development of our country where we just received these pictures which showed the ei

temperatures right now in the 50's and 60's salmon tale europe in the low 60's at 61 fairfield here sitting at 57 getting closer to that mark berkeley and delay how at55 degrees each now jackets will be handy, not just for your morning hours but well into the afternoon today as winds continue to remain breezy this coupled with cool temperatures. definitely means that it will be brisk at times as you're stepping outside. james daria thanks a lot. john 9 25 new this morning if you're having trouble sleeping facebook ceo mark zuckerberg has created something that might help. yeah. >>or if it's helping you sleep or wake up better but this is a picture on instagram the post city calls at the sleep box. any says that it's all came because his wife, you know when they had kids she would keep waking up throughout the night to check the phone to see if it was time to get up and wake the kids up. but after checking your phone should have trouble getting back to sleep so he created this box that lets off that feat like there at the base. so now. so between the hours of 6, 7, that soft light monday, so

level must do its own work, social welfare system, judiciary -- necessary reforms but on the 's program, europe countries suffered a lot and also on the question. we are lacking the third pillar, the investment field. the question of public and private investment is key for my future commission. what we must do is activate the private money, and there is a lot of private money inside the market, to activate the private and public money together for more investments in infrastructure and research in the future of the european union. nejra: that was manfred weber speaking exclusively with maria tadeo, who joins us from athens. great to have you with us and great interview. can he actually become commission president? how tight is this race? maria: good morning. it is very tight and if you think about this, nobody used to care about the european elections. five years ago, manfred: --manfred weber who is very close to angela merkel, would not have been in athens to promote his ideas. that would not have been the case that now, he feels he needs to prop up support. face too present a nice european c

europe on tour. abu dhabi.n a few minutes s jobs are cut in a restructuring plan. job losses the include over 750 in france, lobal banking and investor solutions would reportedly be the worst hit. we'll continue keeping an eye on you. for let's get to the bloomberg usiness flash in dubai with dudley. >> tesla has cut another wave of sales staff. it's shifting it's ordering process online. a s after announcing disappointing deliveries report. this fresh round of dismissals latest shake-up at tesla. almost a signaling complete withdrawal from physical stores, the company backtracked. officer and k senior traders are reportedly company, this as japan's largest brokerage cuts back in several markets credit.g it's part of a plan to cut costs n its investment trading operations. it plans to save $1 billion in coming years. bill gross' fund has shrunk by 70%. gross' own mainly by withdrawal. billion by 2018 but tumbling after a serious of launches. bloomberg business flash. >> thank you very much, the very latest. let's talk about teresa may will meet with her french and

that there has t to be a market relalationship with europe the s to be e a customs unionn. now the last time the u. k. asasked for a delay the e. u.u. rejecteded a june thirtiethh deadline. and dodonald to ski is s said to prefefer a longer term delay sin harding explains w why the timig is so o tricky. once again the ball is in the european union's courts to resume seconond request for an extension h has comes parliliamt is unablee to decide on n the future for brexitt. the e. u. member statates delayg brexexit until the thirtieth of june c contains one major complicatition. thee u. k. would havee too participate in evil elections in may a appoint germany e emphasid britain would be forced to de. when was this is vishh dish from our point of view it is impoportant that the prime minister not only applies for an extension?? it alslso recognizeses that it's such an extension. until june thirtieth she has in mind. clinton's must for pat to take part in the european elections. will provide christian was. meanwhilee francis said d that cannot be anoth extensision without a clea

is massive balance sheet now forty one percent of europe's g.d.p.'s failed to spark and is contemplating even more aggressive measures to create higher prices to one group of people the e.c.b. is reflation ery efforts have been more successful berlin renters who are furious that the median rent has more than del. gold since two thousand and eleven soaring past ten euro is a square meter meaning that a one thousand square foot apartment cost more than one thousand one hundred a month still a bargain compared to most other cities but the germans you know to not like inflation they don't care they would like their prices cheap they like the basics of life being inexpensive including they're not there they don't have it in their mentality of property speculation but now that the e.c.b. as allowed the private equity groups to offload their risk of owning thousands of properties on to the balance sheet of the e.c.b. while taking all the rewards from the tolls well last week there were protests of fifty thousand protesters in the streets and i'll show you on

s of them. and from europe. is -- quentin: the children of prisoners, -- prisoners, too, and they are still in danger. manynf their parents remain i the grip of the islamic state group's hateful ideogy. few of their home countries want any of them back. even in captivity, the malice overflows. "the americans better watch themselves, i swear. if i knew they would leave us here,e would have attacked and slaughtered them one by one." mini-caliphatea in its own right. ilstretchingafter mile, it is a reminder of the best of the crisis the islamic -- it is a reminder that the crisis the islamic state group brought to syria is not over. jane: it has been five months since flames swept through paradise, california, and left the town almost completely destroyed. the fire was the deadliest and most restrictive wildfire in california history. for residents, it has been a painful and long road to recovery. we return to visit some of those finding a new normal. daysthink it was four after november 8, the rains started ming i

first launch carrying a commercial paylo the satellite it was carrying will provide telecom s the middle east, a europeheavy flight i scheduled for this y before we go. here is a look at the fina numbers on wall street. the dow gained 269 points. the nasdaq added 36, was up 19. the week saw modest moves, but it was the third straight week for the s&p. that does it for "nightly business report." ndanks for joining us. have a great weend we'll see you on monday. >> this is "bbc world news america." >> funding of this presentation is made possible by the freeman foundati and judy and peter blum-kovler foundation, pursuing solutions for america's neglected needs. >> wow, that is unbelievable. ♪ >> i'm flying! ♪ >> stacurious. ♪

s biggest allies in europe and president micrometer france increasingly one of britain's biggest obstacles she will seek to justify to them her request for a fairly short extension until june the thirtieth which may include britain taking part in e.u. parliamentary elections but all of that based on what she will point to as progress in consensus compromise talks with the opposition labor party in point of fact there is at this point no real sign of progress there afghan special forces are preparing an offensive and cruel in our province against both the taliban and i saw the armed groups have been fighting for two weeks in the province displacing more than twenty one thousand people charla bellus is in court aren't filed this reports . we are in choking district and can our province to syria is a supporter area for both the taliban and i so the two groups have been fighting for some time up in the mountains around us but about two weeks ago our heavy clashes broke out between with who and since then they have been reinforcing their positions and mobilizing that is maint that about twenty

s future is in the hands of europe.all right let's take you now to this summer venue or is standing by in brussels where we're theresa may is fishing her plan for a june thirtieth delay to e.u. leaders but she doesn't have a great track record when it comes to presenting her plans. to put to mildly she really does one british cartoonists even drew her today entering the summit room was in what piece of paper and if you listen to the french president. who just arrived here a little while ago at the summit he said that he would very impatiently listen to to resume a talking about her plans now if that doesn't bode well so the atmosphere in the big summit room here behind us is not going to be all too friendly because many european leaders are just losing patience. prime minister for instance openly talked about his frustrations and some others also feel the have to feeling that it is known time for britain to get its act together and to resume a really doesn't have a plan to present she has finally begun to talk with the

s are looking to win europe's prime your club competition for a sixth time the cattle em's are in line to complete a trophy trouble this season but they come up against a manchester united side research and under new boss only got her soul sure dumped p.s.g. out in the last round dummy but i think there is something in the little divorce manchester united go into this match with their spirit sky high they want to show their worth and they want to go through all of us to be we have to be careful of the pieces of the counterattacks all of their players enthusiasm and the support of their fans. and we project and god says giving help to palestinian and want to carry on playing football over the last year one hundred thirty six people have lost limbs after being wounded in broward border violence bombing jammed in reports . in a place where hope always seems in short supply these football players are showcasing nothing but determination a life of clinic and everywhere i go i like to prove myself these radio keep ation believes i've become disabled and then i'm useless but i am not disabled

the bull narrative is that china and europe are both bottoming s and thathould lend some stability to the global markets. the markets have gone from pricing in negative growth in the first half toly rap re-accelerating growth in the fourth quarter and in the beginning of 2020. a lot ofha industries were under pressure in the fourth quarter, for example, think semiconductors. they snapped back big time this year all on this bottoming growth story. so kla tencor, for example, and samsung, a major chip supplier erid in january that demand would recn the second half of the year and essentially wall street has bought into that story and that's why the market keeps going up, and by the way, flat or declining earnings don't necessarilyn m that the stock market is in trouble. first of all, there's a very od chance earnings for the first quarter will, in fact, rn positive a won't be negative. second, declining earnings do not necessarily correlate with a decline in the stock market. there have been many times in the past where earnings have been flat ornd declined even when the market declined

s nice and clear. more coming up. >>> welcome back. perhaps you've eaten truffle fries or used truffle oil, but have you ever had fresh truffle? >> the truffles are delicacy grown in europe and enjoyed worldwide. as news4's justin finch reports, truffle trea springing up in virginia. >>> where are thetruffles, good boy? us reporter: truffles aren't a crop you j go out and pick. >> did you find one? did you find one? is it there? >> reporter: it takes a good no like his to sniff them out. >> let's look. oh, good boy.te >> reporr: this was a drill. the target of berry frozenfl truf practiced to keep wealthy and that -- welly and that nose primed for tffle season, just before december to spring. >> there's another. we found them a good six inches down. >> reporter: olivia taylor knows just what to look for as she led a tour of her family's orchard called virginia truffles, just north of ceculpeper. inside, a better look at what we found. >> if it was a nice round truffle, this is what the restaurants like t buy. >> reporter: >>ing by look, the truffle is no conventional beauty. by taste, you can get why foodies crave them and why they're used in everything from eggs to seas

europe. you may have been covering this in the 1980's, amy. when we were pouring nuclear weapons into europe, massive demonstrations. the biggest rift in the nato alliance until this point was that c crisis. ronald reagan and mikhail gorbachev negotiated a treaty. bolton never liked it. he killed it. and why did he kill it? he used the excuse of a russian violation, which i believe is real but the kind of thing that can be fixed within the treaty framework. and what -- but why did they kill i it? because there are elements in the u.s. military and the defense industry that want to build new nuclear weapons that were prohibited by that treaty, to deploy against china and to put into europe. so weeks after we announced we were withdrawing from the treaty, it was revealed that the department of defense is starting manufacturing, research and dedevelopmenent, and producn of a new ground-launched cruisie missile, a so-called glcm. you may remember this phrase from the 1980's. it was glcm's and pershing ii's that we were pouring into europe. and so s

the s&p 500 up 13. in europe, markets mostly flat.nvestors are concerned over the outlook for global growth. the big winner, the dax and ftse both up. stocks in asia, mostly higher. the nikkei closing at the highest level since december 5th, 2018. cheryl: it is an italian feeling friday. we are both italian. welcome to "fbn: a.m.." i'm cheryl casone. lauren: good morning. i'm lauren simonetti. wikileaks founder julian assange isn't going down without a fight. a legal battle is expected over his extradition to the u.s. he is accused of working with chelsea manning to hack classified information. cheryl: we have a report from london this morning. >> reporter: julian assange didn't go without a fight but after six years and 10 months of ex silexile, the path from the t door the paddy wagon took less than a minute before he was shackled in a waiting van. >> this goes to show in the united kingdom, no one is above the law. >> reporter: facing extradition and trial on charges of sexual assault in sweden back in 2012, the founder of wikileak

europe. does, is a trade deal is he takes issue with the auto sector and imposes tool,s as a negotiating europeg trouble because growth in europe will be essentially as is, close to 1.5%. in that scenario where they , it will falliffs closer to 0.5% or 0.6%. we are talking about a meaningful impact. weekend,g into a long do i take available cash and buy equities this morning? that's all i want to know. patrick: i would not be chasing equities. there are better entry points. we are sticking with what we've got. i've not a -- then an active buyer of equities. francine: we will have more with patrick and antonio. it has been another busy week with corporate results over in europe. banks are taking center stage. on chief executive was wednesday. barclays,ts for rising 4% yesterday. and the big story, deutsche bank collapses the proposed merger with rival commerzbank. but now updating everybody on revenue. the share price is down 4%. we break down all of this banking news next. this is bloomberg. ♪ viviana: this is bloomberg surveillance. i'm viviana hurtado. it let's get the bloomberg business flas

the demand for yield, high quality sovereign debt in europe is tremendous, with bund yield s stuck at probably forever. you have the technical. fundamentally, these countries are doing ok. we look at italy, they have a budget deficit over 2%. we are running close to 5% here. they look really austere over there as a block. they have a small deficit. the block is a strong, fiscal place. reaching a little on the margin in places like greece, spain, portugal makes sense to us. jonathan: it is the specter of redenomination risk that hangs over these currencies. some of these offerings as well. with all due respect, the treasury does not have that. ultimately. that is the problem with europe, which effectively makes a trade like credit, not a sovereign. i am wondering why this is the inflection point and why this trade makes sense. bob: they should have a credit spread. if you cannot print your own currency, you have to have a credit spread. we saw that in puerto rico. greece did restructure. if you cannot print your own currency, you need to spread over bunds effectively. that is the risk-

he went off to europe for times during the 1920's to study because that's what artists did. the artistic education was not complete until you went to europe. for the early parts of his ander, he was painting expressionistic style. phase of histure career, he slowed it down and he developed a hard aged or linear style. comingincided to him back to his last trip in europe he took in 1928 and he realized that the midwest was just as worthy of art is anywhere in europe. he wanted to paint was surrounded him in iowa. the city allowed him to be a professional painter when it would've been quite rare for someone in eastern iowa to have that as a profession. he offered to let grant would move into this as a studio space and a residence. he quickly realized that he could make this into a space where he could live year-round and turner was not charging him any rent. that allowed tim -- allowed him to quit his job and become a professional artist. >> this would have been the bedroom. there were mattresses under these alcoves. you could bring them out at night. this space functioned as a

actually, spain ‘s remaining popular but other destinations within europe are not.those kinds of places. so i asked you, where are you going, and why? and has brexit impacted your choices this year or influenced you at all. graham says it is nothing to do with going to eu countries, it is the price to get to eu countries. a 5—star holiday in spain is £1500, whereas you can go to mexico to a 5—star resort for £1400. others agree with him, one says are used to holiday in mainland europe a lot, brexit has not influenced my choice, but places which used to be really cheap are no longer, and that is because of the value of the euro. david says because the eu will continue to homogenise the countries in europe, food and culture is changing and it is not as attractive. thank you for your comments. i will see you soon. hello. a weekend that started with wind and rain ended on a relatively quiet node across most parts of the uk, and that is how we start the new working week, with some dry weather. there will be some rain in the west. that will slowly spread eastwards over th

s future is in the hands of europe.and i say to you now to the summit venue where data is barbara is standing by in brussels barbara theresa may is aiming for the june thirtieth break said delay she's not exactly in the driver's seat so what are the chances that she constrict cure that deadline. she's not going to get that deadline of course everybody has known that even before the summit began but she is going to get an exemption now i'm going to mark a set is supposed to be a reasonable time frame and that means several months later they have to figure out yet how many months they want to grant her but the most likely is the day is something around the end of this year that means of course that any time when she has or her successor in london has finally figured out how to push the deal through parliament then they can immediately leave so it's a flexible extension really. and it is supposed to ease britain's way out because everybody here in brussels at the summit tonight wants to see them gone sooner than later. i m

, pretty significant share of sales for the s&p 500 come from europeed so much and germany in particular is probably the most important question >> the imf slashed its forecast for 2019 to 3.3% from 3.5% citing risks like trade tensions, tighter monetary policy to that point is the imf reactive rower than proactive? is most of the bad news already out there in the marketplace >> i worked for the imf for 17 years. this is very old news. completely reactive i would say. >> what i wrote about most recently was we went through the second shock the first one was the investment bust and heavy industry sector which took chinese imports from plus 10% to minus 20% sending commodities into a bear market and the emerging markets, brazil, into the worst recession they had in some 50 years. it doesn't have the same order of magnitude if you look at chinese ppi or revenue and sales, we had a big shock in exports and trade, january into february. it looks like it's bottoming we're on the upside of this. i think the imf numbers are very much old news. >> because of th

the s&p adding 6 points, the nasdaq down 3 points at the close yesterday. in europe, the european markets mixed, the s&p up 11 points, the cac quarante up 12, the dax index in germany down 7. shares higher in asia overnight, us china trade talks in washington making progress. as a result you can see firmness. japan the big winner, nikkei average up a fraction, chinese markets in shanghai and hong kong, hang seng index closed overnight. deadline missed. chicago ready to take action after small it missed a payment on the alleged assault on the actor. major jewelry stores closing their doors, more on that this morning. the new york jets new look, revealing its 2019 uniform and twitter had a quick response. we will bring it to you. nato secretary-general meeting with donald trump, they discussed nato funding, the russian threat and the rise of china on the global stage. i sat down to talk about these issues and more and we talk about his historic address to congress has nato mark 70 years this week. >> nato is by far the longest lasting alliance in history and the most s

futures hugging the flat line, lower fractionally across the board, dow down 14, s&p down 2. in europeewhat for direction. the cac in paris is up -- is down 10 points, the ftse in london is up by 28. this is how stocks in asia closed the session. the chinese shanghai composite down half of 1% overnight. cheryl: stocks could change the game certainly da today in this country. four dow components are reporting along with twitter. shawn o'hara is here. a lot to go through. i've got to talk about the four dow components. we've got a flat picture in the premarket. you've got verizon, united technologies, coca-cola, procter & gamble. this is the economic sphere of the market that's reporting before the l bell. do you have strong expectations? >> i think we'll he se we'll see moderate growth. the future guidance is the key issue here. we're coming off a good year last year on earnings. i think people expected them to slow. i don't think we're in negative earnings. i think these names today and as we continue to go through this earnings season, we'll get a sense for the overall health of the e

women coming from western countries just to get to say it for the local i s members look that people have everything in europe but they left them back and they come to us that give us good ability that we are in the right time in the right truck and b. side of this they married with fighters also it is something interesting and i think when you we look for one example we said we saw a women married as fighter went to syria he killed in fighting and she came back to germany and. another guy went against second time there this isn't a this is an example to show you how dangerous they are you've interviewed a number of. women women the brides of the highest fighters. was there an attraction to the anti feminist message that is part of the city ology what drew them in the the women you talk to while in the end of the day that women live in a kind of sharia. imagination that the woman play the role as a host wife she should serve her man and she is she should keep herself in hosts she serve the religions she serve the god when she said of her men this is a kind of you can't say it and t. for them isn't like this b

europe. how does your regime-change s platfoare with the history of world war ii? >> i think that's not an apples-to-apples comparison to the examples that we have seen in places ke iran and iraq and toppling saddam hussein, in libya and toling muammar gathafi, and, most recently, the regime-change war in syria. >> is the bottom line u.s. national security in arm deation that the commander in chief makes about whether the regime change is ultitely in u.s. national-security interest? >> yes. the initial question has to be, "what is in the interest of the amecan people? what is in the interest of our national security?" and, again, oking at, "what will the consequences be of u.s. regime change and intervention?" >> so there might be some example where a regime change a presidbbard would support, if she determined that it was in u.s. national-security intest to intervene. >> well, yeah, i think world war ii is a good example. >> what do you think the united states' role in theorld should be, apart from non-intervention -- n >> yea it's important that we understand the

and she too proved to be a church-going animal once the diplomatic career sent the family to europe in the 1780's, in contrast to john abigail's religious life was one where providence focused the finer brushstrokes of the art. she saw god in literary, and art the way her husband didn't always mirror and she savored her flight from the new england country side living in a -- in london and briefly reunited with the whole family. she dug into the local varieties of old world christianity. and in particular remade abigail's response to worship and sturd her appetite for experimenting with new ideas. she praised the rhetorical skill of the universest preachers and when abigail found a perish she liked she stuck with it, making a six-mile carriage drive each sunday through muddy roads, she told her friends. abigail brought thomas jefferson to hear a song at the grand theater of notre dame in paris. once inside she marveled at the soring gothic arches. and puzzled over the propriety. -- abigail returned again and again,pologisting her crimp of catholicism sensory impact. she hated the hard lockstep of

europe? >> yeah. that's something else i'm talking to clients about, about the possibility of auto tariffs in particular as a way to increase the u.s.'sover europe. now, as you all know, we've been in negotiations with europe over free trade agreement for about two decades and the same issues keep coming up it's always agriculture. so i think you could potentially see him at least move forward with the threat of auto tariffs if not actually move forward with auto tariffs. there's a deadline may 18th. we could see that deadline -- going o'continue to 2019 >> would -- he's invested so much in this relationship talking trade. but i mean, if we go for tariffs on autos that hurts japan. >> exactly auto tariffs on japanese autos in particular is something that president trump is talking about in the 1980s so this is something that he really believes in it's fundamental for him i do think that japan has played this very well they've offered many concessions. >> libby cantrill, thank you >> thanks so much. >> uber is launching its road show tay today cnbc's leslie picker is here and has the very latest for us leslie >> hey, sara, this is day

s growing much faster than europe, and there is a risk we might be importing inflation into the u.s.,is something we have to pay attention to. lisa: is this your take as well, that basically the issue is with europe, with the rest of the world, and that the u.s. is just fine and would be accelerating if it weren't for everybody else? anne: i don't necessarily agree with that. there's been a lot of discussion among economists here at vanguard about the productivity puzzle. maybe we are just not measuring productivity effectively. can lead toctivity lower deflation. you have more people working, more things being produced, but price levels fairly muted. from an active manager perspective, that environment is allowing that, plus the central bank's reaction to this, is allowing this goldilocks period for risk assets to continue. lisa: we got the fed meeting -- david: we got the fed meeting this week. the markets right now think they are going to cut in response to the numbers we saw, inflation falling before their target. bob: i think not. i think they will defer until the next meeting. r

s trading partners are still preparing for any possible scenario the next report comes from europe's biggest port brought her down. the pores of rostered down is a major hub for trade between the u.k. and the rest of europe. the authorities here have already spent some one point five million euros preparing for breakfast. in dutch customs boss non-net found shelvin has been inundated with interview requests we estimated to. when there's a deal when he has a trade agreement we need at least seven hundred fifty new people that's because there will be a border here if there is no deal granted we will need over nine hundred new stock . well he's at the dutch customs. distortions want to get a better idea of what goods are coming in to do so they're employing new technology including scams that can monitor the contents of trucks and trains. as europe's largest ports russia downtowns afford to turn a blind eye to britain's upcoming to parch or from the easy you for some documents embracing digital innovations. digital chain watch solution the digital border solution you can say so the idea

should become a launching pad for right wing populism across europe he plans to open the doors to his first students this summer. on the w.'s correspondent rebecca rivers was in milan at that meeting of right wing political parties and we asked her how europe's right wing populist reacted to. well bantams willingness or desire dream you might say tonight far right parties in europe has been longstanding and as we had in the report he created this organization known as the movement to try and funnel money into these far right parties but a lot of what he was trying to do with the movement turns out to be illegal in on the european mall so he doesn't go very far and we've seen a lot of policies who he was trying to get on the side for instance raney's legal party and le pen's national rally party in front we've seen them back away from ban and saying they don't need him and that they can go it alone they're actually receiving distanced themselves from balance movements but his dream to unite the parties well that may be succeeding even without him so have liberal democrats in europe lost the struggle against right wing messag

zero tariffs and free trade zone germany, autos are doing good and stocks 600, kind of s&p 500 of europe going through a slow melt up in the last few days. jim is right, semiis a leadership group but a really good day for amh today banks have been strong as yields have been moving up in the last few days materials industrial and utilities and consumer staples had been lagging here is your cyclical rally. the stock rally corresponded to the yield. there is your yellow line verses the ten-year note yield. that's a fantastic correspondent there. yield were 2.39 last thursday and they're 2.51 some where right now. i do not think that's an that's corresponding to the bank rallies that we see. >> deutsche bank, downgraded accou caterpillar. 2019 is a cyclical earnings peak this is the play book in december that everybody had. this was the story that was going to happen in 2019. recently though the market had been saying these thesis, china and europe are going get continually worst from here, it is not going to be correct that's the debate. caterpillar is not popular for a long time. 75% of th