so i agree with you that scholz is basically not helping.ould say to nejra in terms of the dovishness of mr. draghi, this is where he's hitting his he can bedovish as without saying he will do whatever he can, whenever he needs to. he says dovish as he can be at this stage, but he just needs the extra stimulus on the fiscal side to help deliver the fiscal results. that is unfortunately still not forthcoming, as we heard from scholz. nejra: i suppose my question is, the fact scholz pushed back on the fiscal side, you would think that would keep yields lower, and yields would rise if there was more of a sign of commitment from germany to actually open the fiscal tap. mind, i am sure it was a combination of both, both -- but to talk about what mario draghi does next. we're set up for september. what are the next steps for you, considering the disagreement on the governing council? wouter: the disagreement has always been there. the german central bank, mr. liked thethey haven't whole stimulus package. they have been standoffish. that will conti

that, we spoke with german finance minister olaf scholz.ed to him about global growth. >> we are in a situation where anyone of us has to deal with the world by development of the economy. we know, due to all the tensions we have within china and the united states, for instance, the not clear development and the question of brexit that has an impact on the economy, mostly in the way many corporate's who are willing to invest, waiting for the next month and the next month and the next month. so i think anyone of us is waiting for solution and this will have good impact on the growth. matt: are you concerned we might be stuck in almost a japanese vicious cycle, where low rates beget though interest rates and low growth? >> no, i don't think so. anyone is expecting we will have better growth next year and we will see it at the end of this year already. but this is due to what i said already. whichs man-made problems, we have with good intentions are solved, and something we can expect will be this year, we will have the better growth rate worl

plastic waste for recycling a lot of the world's plastic waste began ending up on southeast asian scholz now they've begun to say no. this is canadian plastic waste that was supposed to end up in the philippines right now it's burning up in a canadian incinerator the government says it's being safely treated in line with national standards the waste was sent to the philippines years ago following a legal dispute the government in manila hired a shipping company to send it back to canada. and this is what happens when south-east asian countries accept western waste. mountains of garbage from france germany and other european countries items are used once and thrown away malaysian activists found this site next to a palm oil plantation. we followed though i 3 every day. and then but. the stuff i 3 so those a. radio recalls the awful help. the problem has gotten worse since china stopped accepting waste shipments in 27 team since then millions of tons of waste have been shipped to thailand vietnam malaysia and indonesia environmentalists have called on the countries to stop accepting waste

guy: the german finance minister left schultz speaking -- and esther olaf scholz -- minister olaf scholzg exclusively to bloomberg's matt miller. initially, european equities went higher on the ecb, but subsequently fell back sharply. stocks are also under pressure despite some solid numbers from vw. the dax down by 1.2 percent. the ftse 100 absolutely flat. the cac somewhere in the middle. bright spotrs one in that market. the european close coming up next. full coverage in just a moment. this is bloomberg. ♪ i don't know why i didn't get screened a long time ago. i kept putting it off... what was i thinking? ok, mr. jones... we're all done. i told you it was easy. with life line screening, getting screened for unknown health conditions is so quick, painless and affordable, you'll wonder why you hadn't done it before. so if you're over age 50, call now and schedule an appointment near you. for just $149- a savings of over 50%- you'll receive a package of five screenings that go beyond your doctor's annual check-up. ultrasound technology looks inside your arteries for plaque that builds

matt: i'm here with olaf scholz. thank you for coming into our office here.what your reaction is to the ecb decision. we see now that mario draghi is clearly laying the groundwork for rates to go further negative, for more quantitative easing. we've seen the buns now publish a low, and all-time low of negative 41 basis points -- of -41 basis points. that we are in a situation where anyone of us has to deal with the road by develop at of the economy. we know, due to all the tensions we have between china and the united states, the knots their development in the question of brexit that has an impact on the economy, mostly in the way that many corporate's are willing to invest waiting for the next month. i think anyone of us is waiting for a solution to have an impact on the growth. matt: are you concerned we might be stuck in a japanese vicious cycle, where low rates beget low inflation and low growth? guest: i don't think so. we are expecting we will see better growth at the end of this year and next year. this goes back to what i've said already. we have all

made it happen and then rapinoe came up again and scored like yeah i mean scholz lot of it she said she was in the sas and she knows i don't doubt when she walks up to the ball it doesn't even occur to me that she might miss you know the thing is it doesn't occur to her that she went missing either that's the thing i mean not only did well because the usa had scored in the 1st 15 minutes of every game just turn it so they weathered the storm and they did well and they were competing with the u.s. but that being said then we saw you know that next level from the u.s. . so it deserved a victory not just in the final but also of the tournament here we have what we have our man ali out there in leon actually he was at the stadium yesterday and he told us how the atmosphere yesterday was like the atmosphere in the stadium it was incredible we knew that the u.s. fans would make a lot of noise when they really got going and we knew that the dutch fans have a reputation for really making a racket throughout the game and they certainly did that and it was a really moving moment actually when eve

. -- german finance minister, olaf scholz. you don't want to miss that.k thereof that the german government is doing certainly affects companies like the world's biggest carmaker and germany's biggest, employer volkswagen. anna: and spending plans in the u.k. will be in focus, with boris johnson gathering his team for the first cabinet meeting under the new prime minister. we will keep our eyes on downing street, and then the action will shift to the houses of parliament, where boris johnson will set out his brexit priorities and beyond a little later on this morning. this is bloomberg. ♪ . the ecb as mario draghi tweets the guidance. boris on the brexiteers. the new prime minister taxes cabinet with loyalists as the chancellor as home secretary. shareholders plan to return more shareholders. we will speak to the chief executive shortly. good morning, everyone. i am francine lacqua in london. this is "bloomberg surveillance." these are your markets. we are seeing news out of pmi yest

at the same time we showed mario draghi come out and plead for germanola scholz, the there isinister stimulus plan. what do you think about this juxtaposition of the ecb and the biggest economic engine in europe, germany? stephen: that is a great point we have very limited time so it is tough to go into too much detail but you are right to point to the fact that mario draghi is employing government -- imploring governments to engage in more fiscal policy. there are so many moving parts and political fragmentation in pointed zone as you out. theourse, she is from center-right. be good forgoing to the condition. may go to the group, which may be a gift, this back room horse trading. i think the outlook for fiscal policy is still relatively low. lynn.good morning these are today's top stories. raft ofleads a central-bank bank decisions with a cut expected. a would be its first in over decade. investors are going to be bracing for friday's u.s. jobs report. china is set to make an unprecedented official response to unrest in hong kong after a weekend of a violent protest as resume trader

this time, olaf scholz becoming the latest official to sound the alarm today, saying a currency does belong in the hands of a private company and that the euro and remains the only legal mains of payment in the euro area it follows marcus furber, arguing that facebook could become a shadow bank even if david marcus makes it through questioning from capitol hill, he'll likely face similar pushback and pressure from the europeans. carl >> that's for sure seema, thank you very much let's get over to rahel solomon and get a news update. >> here's what's happening at this hour. north korea suggesting it might call off its 20-month suspension of nuclear and missile tests because of upcoming u.s. and south korean military drills pyongyang seized those drills in expectation of an invasion >>> iran's top leader is warning that his country will retaliate of the seizure of an iranian tanker by great britain. ayatollah khomeini called the seizure an act of piracy >>> no charges in the death of eric garner after a years' long investigation into a case that prompted national protest over excessive

tend to expect for this time of year but then on cheese day this front really does just by those 7 scholz so we should see some rain doesn't tend to cool things all 15 degrees but it will be warmed and and with a high of 27. take the worst possible material eurabia. comparable to our make up. and put in place to. ban time is going so many people out here this is the silent. but doesn't make you feel like a we created a. disaster. and investigation south africa toxic city on al-jazeera. al-jazeera. where every. israel begins to demolish palestinian homes close to the separation wall and the ok what occupied west bank after a long legal battle to stop it. followed will be drudges there live from doha on martine dennis also coming up. gangs of men attacked protesters in hong kong's train stations after another mass pro-democracy knowledge ends involved and. as iran raises its flag on the seas british trying the u.k. prime minister calls an emergency meeting to decide her government's next means. and to own calls to win ukraine's election commission says president selenski this policy is well

we will also talk to olaf scholz, germany's finance minister at 1:00 p.m. london time.sappointing figures . spoke to an analyst with doesn't he is also word that with the appointment of boris johnson as prime minister, it means there is a higher chance we get an no-deal brexit, and that may have an impact on germany as well. i am looking at stocks climbing. i am also looking at germany's onyear bond yield falling deteriorating is this confidence in the country. oil also recovering some of the previous sessions' losses. this is bloomberg. ♪ hey! i'm bill slowsky jr., i live on my own now! i've got xfinity, because i like to live life in the fast lane. unlike my parents. you rambling about xfinity again? you're so cute when you get excited... anyways... i've got their app right here, i can troubleshoot. i can schedule a time for them to call me back, it's great! you have our number programmed in? ya i don't even know your phone anymore... excuse me?! what? i don't know your phone number. aw well. he doesn't know our phone number! you have our fax number, obviously... toda

and has no plans to add stimulus to the economy, that is according to the finance minister, olaf scholzincreasing spending would not help economic growth. he says a reduction in global tensions will boost the outlook for 2020. >> this amendment problems which , it is something we can expect this year, but will have a better growth rate and it will impact the european economy, especially on the economy of germany, which is a really global society. olivia: nestlÉ is forecasting the fastest growth in three years, by that may not be enough on a list, who were expecting a big increase. the world's largest food company says sales should claim through percent. u.s. showed the strongest quarterly growth in eight years. amazon is wanting investors that one day delivery has a big price tag. the results were marred by shipping. the company's finest chief says it will put a strain on earnings for the rest of the year. but it is already leading to customers by -- purchasing more. bayer has presented a jury to verdictrdict --/a amount. buyer could be liable for hundreds of billions of dollars. global

director scholz, what is the u.s. aviation safety record over the last three decades and how does it compare to the rest of the world if you know? >> i can say that as i mentioned in my statement over the last decade it has improved in terms of the numbers. we are always looking at the individual factors involved in accidents and we think that safety is something that one must always be vigilant no matter what the numbers are reflecting. i have three decades worth of data with me or we would be happy to follow up with you after the hearing on that data. but i would just reinforce that the numbers do tell one side of the story but it is critically important as i think some of the other witnesses have testified to be proactive in understanding these issues as they manifest through some of the volunteer reporting programs and in terms of our role for accident investigation. >> thank you madam chair, yields. >> thank you mr. cohen, you have five minutes. >> thank you madam chair. i presume, i appreciate the compelling tes

. >> we will keep looking for your tweets at marissa underscore scholz in europe reporting at ny post.com. thank you so much. >> tonight on the communicators we will discuss roles that venture capitalists play in startup companies. secrets of sandhill road. >> members who come in and often they have a powerpoint presentation so they have a bill of product at this point in time. it's an opportunity for the u oo printer to tell us about the expansion of the company. what could this thing look like if they get their and why is this team the right team to be able to go after that. it's an intellectual process by which we get to learn new interesting things and make decisions about whether this is a team we should back for the opportunity. >> tonight at 8:00 p.m. on the communicators on c-span2. here is a look at the "primetime" schedule on the c-span networks. starting at 8:00 p.m. eastern on c-span, the arrival of the casket and memorial service for supreme court justice john paul stevens who died last week at the age of 99. at 830 eastern on c-span2 the road to the white house coverage cont