finance minister roll up schulz has called this a wake-up call cholzl off schulz -- olaf s has calledwake-up call. wirecard could prove to be a political nightmare for berlin. manus: joining us now is our senior editor. good to have you with us. let us turn our attention to germany. what is the latest in regard to the wirecard assets? benedict, i think we possibly just lost benedict for the moment. we will try and get benedict back. annmarie, there are three big names on the equities narrative this morning. nestle agreeing to buy ammimmune. to cough up 3.8 million. two deals in that region. you have philips as well. annmarie: cutting their full-year adjusted ebita margin outlook. they asked to deliver modest comparable sales growth. those are stories to watch ahead of the open. it is going to be heavy on the continent given it is a bank holiday in the u.k.. i was struck by the viola deal. they have been trying to do this for eight years. they finally were able to get it done. a leader in waste and water in terms of -- manus: let us pick up on the philps news. what i found fascinating

but he and secretary schulz talked about it on the phone, and he said "we have got to be careful herehis could escalate very quickly."so once again, reagan guns forward, he he gives this great speech he denounces a soviet union he calls them "barbaric, " probably the best -- it is extraordinarily harsh, but it is not enough for conservatives. he said we did not elect a dictionary. we all a commander in chief. there is a frustration in 1983 the reagan does really go to talking again but does not seem to be willing to to really, really embrace what they think are his actual values and principles when it comes to foreign policy. kale zero zero seven is really gonna rattle reagan in conjunction with a soviet response to able archer. reagan cannot understand how the soviets could be flying next to a career in orlando for two years and never contact united states. one of this is been something? bigger with a knot of gone through a back channel given us a call? this is problematic. this can lead to major consequences if it was on a larger scale. on november, 2, 1983, the united states and it

olaf schulz, currently the finance minister, is a candidate. does he have what it takes? that this man be sitting in angela merkel's office next year? the current vice chancellor and finance minister has seen his popularity rise over the past months. his handndli of the cocoronavirs pandemic and his grafting of germany's multibillion euro recovery fund have been hailed by his colleagues. >> to be able to handle a crisis , that is a v very impoportant quality that a german chancellor must have. >> no one has proven more that he is capable of decisive action in a country during the coronavirus crisis, he can also lead the country out of the crisis. >> with his nomination, they are trying to fill the gap left by angela merkel. >> a new era is beginning. not only in the sense of the time after corona, but also that the next decade will be about how we can manage the future of our country. how we manage the future of europe. and who has s the best plan. we are firmly convinced this is the social d democratic party. >> for now, he seems confident, but he will have his work cut

i had toto remove the schulz frm the incubators and pick up the babies, hold the three of them and getk to safety. >> she kept her cool during the harrowing scene. >> i was really y afraid. i was holdining the babies, afrd they would not make it. or that i might slip and they would fall from my hands. i found myself alone holding these three babies, screaming everywywhere, people g getting sutured with no anesthesia, no electricity. >> finally she made her way outside but her journey was far from over. >> people started asking me, h w do we help you? they saw me carrying these three babies. i said give me something t to cover the babies. they started to take their t-shirts off. i walked around five kilometers. >> the babies made it t and p pa has s become a sococial media ho and an i inspiration. >> when i see this picture, i fefeel hopeful. i am happy these kids survived. i hope they have a better future. phil: this is dw news live from berlin. more at the top of the hour, stay tuned for a look at the events next in the day. you can get the latest news on the website. dw.com. have a g

i think it will be different, not so much if it is schulz, but if it is her successor in the seems toved to the right and moved anti-european. maybe they did that out of reaction to free writing on merkel's leadership. we will have to see. tom: it comes off the bond operation. it has been clear that a bond workout is necessary. do you consider what we saw a few weeks ago to be a "bond workout"? i think many are out there saying the right thing, which is what you know the late peter cannon told us decades ago making it work without some common fiscal capacity is very difficult. i do think this is a genuine bond shift. i think the europeans have noten their act together -- 100%, certainly, but in a more meaningful way than previously. tom: a chemist of that and posted on your and the united kingdom. guy johnson, really difficult employment data today out of britain. coming up, we will continue with adam posen. we want to speak to him about the inflation debate in the united states. i do want to speak about the stimulus debate as well. i need to frame for you right now the data. the data

treasury officials may be preparing big tax hikes as germany's schulz says europe's biggest economy shoulde implement debt limits in 2022. and take over part deux. , tryingsh to buy suez to create a world leader in waste and water services. just under an hour away from cash equities trading and europe. looking at futures, pretty decent gains after european stocks closed lower on friday. then u.s. stocks hit on the records. now we see dax futures rising about .6%. you do see a red arrow for ftse futures, but i assure you ftse futures are actually closed as it is the summer bank holiday in london. here, you see u.s. futures also rising, .4% gains in s&p and dow. many contracts, as i futures up .6%. let's get your bloomberg first word news stories. the top news this weekend saw the third death in less than a week amid racial equality protests in america. a man was shot to death in portland, oregon on saturday night. a supporter of a right wing group of counterprotesters. president trump tweeted his condolences. he plans to visit kenosha, wisconsin, the site of the other two fidelity's on tues