without the spd, there would be no immigration bill.we secured improvements for those on extended temporary stays. we argued for a long time. >> many of fabian stegner's generation see another four years of coalition with angela merkel as political stagnation , which they don't want the social democrats to get caught up in. but his father thinks the alternative could be worse. >> you have to compare. i've always been skeptical of the grand coalition and still am. so i understand and accept the objections. but you have to ask, is there any real alternative? if everything goes wrong, we could face a debacle in the next elections. and the probability is extremely high, because the entire electorate would hold us responsible. >> to fabian, that sounds like committing suicide for fear of dying. he says his father's afraid to give the social democrats a new orientation. >> whatever social democracy is, that's where i want to see this society go. that's our concept of humanity, that's our idea of co-existence, that's our vision of solidarity a

marcus: the spd think is i think they cannot really poll them so you don't know.ling, figures -- polling, figures have gone down so low that it may be would destroy them. there is a younger influence coming through, new members coming in. we just do not really know. that is a potential event and that could be quite spectacular. the essence is what would happen to bund yields. referendum in the december of 2016. italian yields did not go anywhere. they have learned from the talan crisis- ca that we will not get a bond market overreaction because the ecb is beyond it. ashworth joining us from our pmi team through the preliminary number, 56.1, so a little softening up in some of the european data. up next, we are going to talk wire and plastic products. a snowy london this morning. geneva airport closed until 11:00 a.m. this is bloomberg. ♪ guy: 55 minutes past the hour. this is your stock of the hour. it is wpp. a tough morning this morning. market doesn't like the outlook story, doesn't like what's happening with some of the social media stories around a bpp. doc s

it has been a very painful topic for the spd. working with mrs merkel again. many social democrats blame four years in her shadow for the terrible election showing back in september. many still believe that this coalition could destroy the party. it has been a very difficult time. finally this morning it was announced in the last hour that two thirds of the spd membership voted in favour of that coalition. germany has got its government. in theory angela merkel should be celebrating but it doesn't feel like much of a victory. that is for several reasons. first of all the social democrat party themselves have really torn themselves apart in this process. they have really slumped in the opinion polls as a result and many fear for the future of the party. secondly there is limited public enthusiasm for this coalition government. that is partially because it has been such a painful process. people have started to lose faith in the two largest and most established german political parties. and then of course there is the chancellor, a

three of the six ministerial posts given to the spd will be field by women, that we know already.he current family minister, she is currently tapped to take over maybe the labor ministry. so there is a real clear agenda here to get more women and also younger faces into the ministries. sarah: kate brady in berlin, thank you. let's get a quick check of other stories making news around the world. the trial has opened in denmark of the man accused of killing swedish journalist kim wall. danish inventor peter madsen has denied murdering the journalist on his submarine, but he has admitted to dismembering and disposing of her body after what he says was a neck dental death. police in britain say 21 people had to receive medical treatment after the nerve agent attack on a russian double agent and his daughter. investigators are treating it as an attempted murder. lawmakers in the media have speculated moscow was behind the attack, sparking a row between the u.k. and russia. and u.s. president donald trump's former campaign minister -- former campaign manager all metaphor was in court to

the future of germany's next government now lies with the spd.urday evening a truck will arrive caring what will be a germany's most important mail delivery. answers to the question, should the social democrats join merkel's conservatives? they'll be counted overnight, with the result far from clear. germans have been patient for weeks. exploratory talks, coalition negotiations, party congresses. for some, suspense is reaching its climax. for others, they have had enough and just wanted to be over. >> i hope the spd votes yes. we will have to wait and see. >> i wish they would have hurried up and finished it sooner. but it is like it is. >> i don't care, they have to figure it out amongst themselves. i assume they will vote yes. >> i will find it exciting to see what happens if they do not agree. i would not worry too much about the impact. reporter: never before has there not been a government in germany so long after the election. but an end is in sight. berlin's politicians and politics watchers are holding their breath. 160 days after the ele

you have the spd at the moment very low in the polls.y will be keen to win early successes to help them recover and sharpen their profile. on the other hand, you have some senior figures in the conservatives keen to take the party to the right and win back support they lost to the anti-immigration party. you have some conservatives lurching to the right. the social democrats lurching to the left. in the middle, chancellor merkel will need all of her political skills to keep her house together. phil: u.s. secretary of state rex tillerson has asked kenya to reopen tv stations closed down after the disputed election. he said he told the president a free media and courts were crucial for democracy. ahead of his visit, the president and the opposition leader appeared together and shook hands for the cameras promising to cooperate for the good of the country. let's get more from our correspondent in nairobi. welcome. how was mr. tillerson's criticism of the closure of the tv stations received? >> by the kenyan public, it has been received well

we have to pray for angela merkel getting the std support -- spd support for a grand coalition.t is next for underlying structural reform in larger countries, what are you hoping for and what are you watching? engaged withtty european commission in a lot of leadership in europe and my colleagues were among the leaders of a franco german effort to set an agenda which could be a macro and, merkel agenda, it includes getting deposit insurance and balance between france and southern european calls for solidarity with german and northern european calls for discipline. and setting up a european monetary fund. it is not transformative, but it is good and incremental. my colleague and i along with have talked about lessons from the u.s. for european integration and lessons from u.s. mistakes. resubmitting,ep just like we had three tries before we got a federal reserve, you have to keep at it. decade,es not work this not like it will never work. there is a lot that can happen any most important thing is deposit insurance getting in place to go with the single supervisory mechanism in the

the spd has been declining in popularity. of the reasons why they might very well go into the coalition, because polling only 16 or very low, get intof the spd did an election -- they would betray at the polls. -- they would be trounced at the polls. it would be good for angela merkel and germans that this would be a good outcome if the spd does the site to go along with angela merkel. shery: what happens after the sunday for angela merkel because we are expecting another term for her, but look happens after her? who can takers over the german economy? don't think angela merkel will serve out the four or five years of her term. there are challenges to her, to the satisfaction within her own party. she has make concessions with democrats to get them on board, so i don't think angela merkel is there for very long, and she has been grooming somebody to replace her. there is another candidate that andikely to be her heir, that would be good to see a transition. the worst scenario on sunday would be for the social democrats not to

it's not in the baguette for the spd. the grantor lycian weekends.ve fur deutschland is ahead of it. the party behind her has to rebuild the party. guy: judy, good morning. germany is in an interesting place. economically, it is rolling ahead. the economy looks solid, and in some ways, this will be the moment to take political risks because the impact is likely to be reasonably small. why is germany not taking political risks at this point when the backdrop is so good? since thee now, problem would be angela merkel, maybe she will take risks. the risk we are talking about is the reform of the eurozone. that is going together with president emmanuel macron of france. so, merkel can go out on a high if she chooses to, and that means putting aside her sense of caution and going for the big decisions like reform of the european union. she has a lot on her plate over the last couple of years, and she may just see the big decisions. matt: one of the people we talked about often as a possible iscessor to her is yes on -- another person. they are both pro-eu

[laughter] csu, and spd, are despite their differences in a position to work constructively together, govern decently. that is the job we have, and we will fulfill it. reporter: the cdu will also have to battle the rise of the extreme right. frustration with angela merkel's liberal migration policy propels the alternative for germany and parliament for the first time. the chancellor will have to reestablish herself on the international stage where she has been distracted with domestic issues. emmanuel macron has stepped into her shoes, steering europe. soon be a trip by the minister of finance to paris, and i will go to paris to see emmanuel macron. we will prepare the european council for ththis. week's e.u.next summit is an opportunity for germany and france to relaunch the european project, in the face of rising nationalism across the block. but some detail stomata to be is keenut, while france to introduce a common budget across the eurozone, germany is reluctant to sign on, concerned it will end up paying the debt of its european partners. u.s., thousands of students plan to stag

of refugees that the established parties, going back to what we were talking about before, why the spd can't really reinvent itself at the moment. i think that this issue of migration is at the core of it, because they have traditionally been an internationalist party. they are very open to asylum, to taking and refugees of all kinds , and they would not have any credibility were they to reverse their position on that. this is where i think the center-right have had a bit of an advantage, particularly if you look at austria now. been very out front in strengthening the asylum rules they are. even in germany, merkel has this reputation as being the mother of all refugees, but if you look at what the cdu has done over the past couple of years in tightening asylum rules, it's been quite extraordinary. i think this is a fundamental issue that is bubbling beneath the surface still, that is the biggest challenge that the left-wing parties have. peter: geraldine. geraldine: just to come back to the speech, i think, of course, he does not convince the hard-core voters of afd, but maybe he conv

on sunday as the spd voted for a surprising wide margin to enter into a coalition.re the analyst here, it took about five months to reach that conclusion. what do you think the forming of this coalition means for europe? >> well, it's very important for europe it would have been kwoprobably quite disastrous for europe to have two out of three economies in political impasse then at the same sometime, the big question is, is the price for the stability in short-term germany, is it going to be paid in the long-term we've already seen that the spd is falling very, very low now. possibly also -- you know, like as a consequence of the decision of the coalition with angela merkel >> and already in the negotiations, there are key compromises for ministries but also policies for angela merkel's party when we move over to italian politics it feels some of the issues that saw merkel lose her margin were really around immigration. and even in the italian election, we've seen on the far right sigh that mateo salvini has been accused >> probably europe is going to take, in partic

peter, an spd member for 50 years asked a question.e said, i'm skeptical, but what happens if he say no. what does it mean for our country and europe, he asked. angela merkel led germany to prosperity for 12 years, eight of them in a grand coalition between conservatives, cdu christian democrats and social democrats. the september 2017 election was supposed to be an easy victory, cruising merkel into a fourth term in office, but, voters revolted against the status quo. the cdu and spd barely maintained their leads as top parties, suffering record losses to the right national party, alternative for germany or afd, which took nearly 13% of the vote. that's demanding any coalition must be approved by the rank and file of the party. now, 400,000 are casting ballots. results will be announced on sunday. yes would mean merkel gets back to running the country with her coalition government in place. no means merkel must take her chances with a minority government facing new elections. the differences between the political parties have systemat

it‘s merkel, it‘s spd, and i have no hope that anything changes with her.itical differences are very much alive and kicking. in the evening, peter the policeman invites us to his local football club. hello. how are you? we go! what‘s going on? it‘s not a friend of afd. 0h, 0k. you want not to remain? you make decision... we go. we go in. all right. thank you very much. some political disagreement, i think. in this time we have problem. right. in the club. because 50% want not afd. right. and the other want afd. i see. so are you losing friends? yes, maybe. and this is you here, is it? yes. looking at your phone? looking at the wrong place? peter split with merkel over the refugee crisis, but his views on this subject are in fact less radical than you might expect. right, so you think you should let in people from syria, from iraq, from afghanistan? the issue of refugees has become a totemic dividing line. to many germans, yet another coalition government feels like going round in circles. and here‘s the paradox. the more the mainstream cultivates consensus,

bbc correspondentjenny hill is in berlin. conservatives under previous partners the spd. partners thel democrats suffered a similarfate. result and the social democrats suffered a similar fate. suffered a similar fate. parties, that was prepared —— preferred option. preferred option. verdict on when they want —— whether they wanted to go into coalition. they wanted to go into coalition. in her shadow for the terrible election showing in september. election showing in september. still believe that this coalition could destroy the party. could destroy the party. it has been a difficult time. a difficult time. coalitions with germany has its government. government. not feel like much of a victory, for several reasons. several reasons. and as a result many fear for the future of the party. future of the party. is limited public enthusiasm for this coalition government. this coalition government. and most established german political parties. political parties. then there is the chancellor, angela merkel herself. chancellor, angela merkel herself. she has been severely weakened by this pro

it is certainly significantly worsening what were already dismal poll weightings for the spd who had ever back in september. —— poll ratings. it is well that that many social democrats blame angela merkel. they will have to find a way to come together. they have just lost their leader, martin schulz, the former leader, martin schulz, the former leader of the european parliament. he resigned because this has been such a pickle, for want of a better phrase. a new leader in waiting has been appointed and she will have to unite the party but angela merkel herself has got to unite this government. it will be a difficult task and he has got to regain the trust of voters, who i think by and large over the last few months in particular have been rather disillusioned by the political wranglings of germany's two biggest establishment parties. jenny, thank you very much. you are watching bbc news. it is 24 minutes past midday. a full sports round—up for you from the bbc sport centre with olly foster once again. hello. deonte wilder says he's ready to take on anthonyjoshua in the heavyweight uni

positive for europe l ge, in gey spd voting to join and retail sales out of the eurozone playing intoronger performance as you can see it albeit, we're missing the main story which is literally italian market down best part of 2% this morning -- well, down 1% unit credits down 3% results were headed for a hung parliament and the two populist parties getting over half of the votes it remains to see be seen if they can form a government or not. let's see what this means for u.s. futures essentially flat down 3% for the dow, 2% for the s&p, 1% for the nasdaq hovering around the flat line green and red flat open. treasury yields, 2.9% on the ten-year we've been below that for the last week or so. 2.85 field on the ten-year seema. >> wilfred, time for the top trending stories all about the oscars the big headline "the shape of water. taking home best picture one notable moment happened during frances mcdormand's acceptance speech, she asked all nominees to stand. >> only 12 people in history have gotten the coveted egot the emmy, grammy, oscar and tony and robert lopez got an egot he and h

it is too difficult. , you cank at the spd compare and they who is more aggressive. or a man? i don't think it has to do with gender as it fell,. rather it has toto do with t thy -- it has to do with gender as it self. rather, it has to do with the way you play your gender. peter: it is a theoretical question. if there were 60% women in the bundestag, would it be different? or would it be better than what we have now. >> i would say, it would represent society. women't live in a 60% society. i think it is very important that the bundestag represent society as best he can. and at the moment could not do that. it is very male and it is very academic. argue that what the german voters have had for the last couple of months and years, with a have felt his politicians are becoming more distant and talking within themselves and within their own bubbles and that is dangerous. >> yes, and when women come into politics, they become men. act like men, they dress like men. they lose their charm, they lose their wits. they lose things which could be called women attributes. thewe have 50%

for the spd, social issues are especially important.he social democrats struggled for a long time. >> fourth grand coalition in germany did not start as a love match. this cdu, csu, and as pd will remain fundamentally different parties, and they will still be able to work constructively together and govern properly. >> the third coalition partner, the csu, calls this a grand coalition for the common people. >> to list the keywords, job security with the promise of full-time employment, a basic pension, pension credits for stay-at-home parents. >> the opposition parties described the agreement in negative terms, protesting the future government's program. >> there are major gaps in his coalition agreement, especially when it comes to future challenges. above all, climate protection does not feature in it. >> mrs. merkel has once again been able to use money as a lubricant to build up the coalition. a coalition that refuses to set the clear course for the renewal of this country. if there is one central idea in this agreement, it is spend

cuses onbe technology officials hav meioned robotic hh spd rl anergy sectors. visitor trying to protect american companies intellectual property right. the administration is also planning to restrict chinese investment in strategic sectors. the soon aluminum actions we've taken deal more or less with the present. this action on electoral property rights deals with the futur. that's why these actions are so important and so important in unison with each other. we will end up negotiating these tng rather than fighting over them in my. as wilbur ross indicated that there is likely to be a lot of negotiation coming ahead. industries are likely target or the lobbying and finalist will be doing could take action of its own and target us agricultural exports were american planes and cars. around forty five trade associations warned earlier this week that the tough measures against china could result in higher prices for american consumers. as well as potential job losses. now as he wrapped up pressure on china us president offer concessions on the country's closest al

put together a coalition of center right, and far right parties. >> translator: the members of the spdve followed the and the former prime minister matteo renzi is heading a center left coalition. let's bring in barbie nadeau following the story outside of one of many of the polling stations in rome. what is the mood of people as they arrive to the polling center? >> well, i'd say the mood does not center around optimism. people are just hoping for stability. i mean, this is a country that has cycled through three prime ministers since the last election. and so many times we see these coalitions are sort of marriages of convenience and once they're put into place their ideology sort of lends to some infighting and i think that that's the concern here that any of these coalitions, especially of the center right under silvio berlusconi is going to go in weak if they are the ones that win. but it's very unclear, really, how this is going to end. as you said 40% of the voters say they are undecided. and of those parties with the highest polling going in are the least likely, actually, to g

the german spd wanted to build a nuclear power station.the nuclear power program had laid dormant since the period. there were huge spontaneous demonstrations against nuclear power. the student radicals saw their chance. the green party was formed in the 1980s and radicals by then middle-aged radicals absorb the old ecological guard of the ex-nazis and neo-nazis and far right nationalists. to do this the aging student radicals didn't have to-- they just change color. they took the left-wing concept from the past and dress it up in ecological garb we see today. instead of a catastrophic vision of capitalism instead of the socialist utopia come instead of the factory, the cult of the forest. instead of the color red, the color green. i wish i had written that. in fact it was written by a liberal intellectual and a brilliant effort published in the new republic in 2001. the german student radicals of 1968 had been motivated by anti-nazism. looking for nazis hiding under every bed and every cupboard becoming so twisted they ended up doing the

of the spd and cdu are expected to sign their formal coalition agreement today at 2:00 p.m. time. what does all of this mean for european rates/.'for more on that, peter chatwell joins us from mizuho. peter, let me first ask you about the spread we are seeing. we were talking about u.s. rates in the last block. 66opean bunds trading at basis points right now. incredibly low compared to the 280 we are looking at in the u.s.. i have got the spread on a chart here. g #btv 2760. right now, at the highest level that we have seen, it looks like basically ever, does this spread have to come down? is this a sure thing to make money? peter: does it have to come down? there are two big problems with that. firstly, we have got very different attitudes from the central banks. thehave the fed reducing size of the balance sheet and the ecb increasing the size of the balance sheet. this is a known future. it continues to mean funding and the u.s. dollar market is increasingly getting difficult, while in european markets, funding is easy. that seems trivial, but it's not, because investors

there was a high level of participation so we hope we can lay a good foundation for the renewal of the spdce we have it. angela merkel‘s party has already voted to renew the grand coalition, hoping to end nearly five months of deadlock. translation: it's up to us to have the will to shape our country. it's up to us to make these difficult times a success. and, it is up to us to find answers for our party. i hope we can succeed together and i'm optimistic because i think we can do it despite the difficulties. but what happens if the social democrats say no? well, there may be more talks to form a different type of coalition or perhaps a minority government but the most likely scenario would be another election with no guarantee of a more decisive result. and for angela merkel and the country she leads, there is a lot riding on this vote. tim allman, bbc news. polls in italy open in a few hours' time as people vote for a new government. immigration and high youth unemployment have been the dominant issues of the campaign. here's karin giannone with a quick guide to the italian general electi

the to get the spd on board local has handed a key portfolios. the top team is full of new faces in the foreign finance colony interior ministry's. i'm following us it's not enough to simply. in order to win back the trust that has been lost. this government has. renewed and different way. the veteran politician is walking a tight rope and she still is a fragile coalitio. merkel must spend of the rise of the far right a if he will service learning her conservative base. the german chancellor must also find common ground with phones and of the european powers. shaping the future of an increasingly deliberated you. that should be survey pouring into the british physicist stephen hawking who started the age of seventy six. leicester the rare disease make very complex ideas accessible hawking broaden our on the standing of black holes and quantum physics. is also a bestselling author he suffered for years of the debilitating disease but it never held him back. today he pasta way peacefully at home in cambridge. there. thank you very take from scienti

angela merkel holds on with spd support.to support her in a renewed version of the so-called grand coalition. tariffs proposed by president trump on steel and aluminum will .nly reduce global prosperity cost to is seeking an exemption from the proposed levies, but it is unclear whether it will be granted. theindustry group says country could be among the biggest losers in a global trade war. panther remains on top at the north american box office for a third straight week. $66 million in the u.s. and canada come at the third best third weekend on record. black panther has raked in more than $1 billion. global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. david: thank you. we are watching president trump and that increase in tariffs on both imported steel and aluminum. it will not affect china. canada might be if the most, probably korea as well. graphedtracked and the amount of imported steel into the united states and where month-to-month. january here, february figures,

last one, so—called grand coalition between angela merkel‘s conservatives and the social democrats or spding, but this doesn't feel like too much ofa but this doesn't feel like too much of a victory, and that is the several reasons. first of all, the social democrats who had the final say on whether this government could go ahead have torn themselves apart over that decision. they have really fallen down in the polls as a result, and many members are still horribly opposed to the idea of working with mrs merkel again. they blame herfor a working with mrs merkel again. they blame her for a terrible election results back in september. they think she overshadowed their party, and they are really worried about another government with her conservatives. secondly, the public here have somewhat lost their appetite. there is limited enthusiasm for another grand coalition, and that's in part because voters are fed up with the established parties and the political wranglings of the last few months. don't forget of course that angela merkel tried and failed to create a different coalition a few mont

coalitions of the conservative is and the centerleft spd 399 of the 709 seats in the bundestag. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i'm paul allen, this is bloomberg. david: thank you. another update here. yesterday, a company called bns. chain across-known hong kong. the stock was up 300% on its first day and up a further 42%. up and traced lower a little. we are currently trading at $5.65 a pop. the ipo was the most over prescribed. it was the best debut on the main board in hong kong in two years. i am thinking of a lot of ways to describe this ipo. haidi: is it a bubble? second-most oversubscribed ipo in history in hong kong. those retail investors clearly love their bubbles. i'm sad to say i didn't have a chance to enjoy this when i was in hong kong, but we will keep in mind. still at this hour, we will be watching that. how frothy can it get? private equity market experiencing a record 2017, speaking of records. investors, what are we looking at this year in terms of expectations. we will speak to kiki

the spd has an all-time low in the public ratings. does the cdu. -- as does the cdu.ublic leadership and she has given way all the key industries, the finance industry. i think the euro is in for a bit short. phil, what kind of price has been paid for the government. we are not looking at the outcome of the italian election, but at germany. what is it that could change in europe maybe over the next couple years because of the premium that has been based on maintaining power? well, i think what he will find is what is going to change is the perception of a weak italy and a strong germany. i would agree with the week italy aspect, having an italian and i would. name, i having a german would disagree with -- it is economically strong and certainly not politically. i think that will be the big wake-up call that will push the dollar very much upwards once people get used to the fact that the -- that chancellor merkel cannot need going forward because she does not have the mandate anymore. yousef: the risk of a global trade war, even though it is abating, it's there. and we

we have opinion surveys of people who say they are spd voters that 66% would prefer a grand coalitionink there is a 60% chance this will happen. if it doesn't, and we will get the result of a male-in a vote sunday morning, it will be a big shock to markets that have been fairly complacent about the possibility of government turmoil in berlin on monday morning. alix: fair points. thanks, matt miller. many saying germany will hold the most risk over the next few days but there is the election in italy. francine, what is the latest? well, first, if we go to fundamentals, germany has a strong economy and italy does not. gdp inimproved, 1.5% of 2017, but it remains fragile. unemployment down with three percentage points above what we saw in the crisis. crunch time on sunday. it is unclear what governments from ancient or -- formation or grand coalition with smaller parties we will have. the market will look for some kind of promise to the market that reforms will go through. it has come a long way and it is unclear whether the person on on street, the taxi driver the road feels the country

bringing you across some changes and new appointments within the german cabinet this is according to an spd official social democrat olaf scholz is to become the finance minister in the new government. he will also take the post of vice chancellor in the new government >>> coming up, bye-bye easing bias we get reaction to the ecb's latest decision when we return on "street signs." but i'm not standing still... and with godaddy, i've made my ideas real. ♪ i made my own way, now it's time to make yours. ♪ everything is working, just like it should ♪ theseare heading back home.y oil thanks to dawn, rescue workers only trust dawn, because it's tough on grease yet gentle. i am home, i am home, i am home >>> welcome back let's look at the european markets and bring up the stoxx 600 as well as the heat map. broadly not a great deal of commitment in these markets until we see the shape of the non-farm payrolls and the trade tensions are not really going away so we need to see what commitment is made from the u.s. in terms of the carve-outs and exempt shicions and trading par within the eu. the secu

mark: going into the weekend, some of our guests last week suggesting it was the german folk, the spdelegate vote on the coming together between the two factions that was the bigger risk. the past without worry. italy has transpired to be the worst outcome of the two. because of the italy result, now aat merkel is chancellor for fourth term, do we see less integration? has a voice, if the league has a voice, will we see less european integration? answer really depends on which way the consultations go. at the moment, we will have a multi-month -- it will fall off the rudder string on that cents. -- on that cents. really, it would reach out to the center right coalition. the leading figure would be the northern league, which is an anti-european, a europe skeptic party, but that party will need a broader center-right coalition. so, if they managed to put together a coalition, however slim, however unstable, it will still very much depend on a pro-european stance. the northern league days of cannot set the agenda. it will need the support of the center-right and probably some of the memb

in the meantime, both turner special projects division or we're calling them turner spd and web core have met to coordinate access safety rules and other logistics. completion of the greyhound space is contingent on web core receiving permits and followed by turner with theirs. the completion time frame is likely mid may, followed by the improvements for the lincoln offices. the work on the mail room is not time sensitive in that the noted four week duration is reflective of an over the counter permit to build partition wall and outlets pending finalizing equipment layout. lastly, when the retail areas are ready for construction, the permitting process through dbi will be streamlined and in place. facility readiness, two main points today, key contract is the marketing promotion consultant contract, lincoln is currently negotiating with a local vender whose prices were the most favorable. this contract is key, one of the first things they will do with tjpa and other input is create a unique identity brand for the transit center taking into consideration the naming rights agreement an

polls show a hung parliament is likely and in germany, the spd votes on whether to join chancellor merkel'sarty we have a busy week ahead. >> thank you very much, seema mody at post nine. we're seeing a little buying here as europe is closing. let's get a news update with sue herrera. >> buzzy dsy day here. central michigan university police confirm two people were fatally shot at a residence hall on campus. they are not students and police believe that situation started from a domestic situation. there are no additional injuries reported yet a 19-year-old suspect is still at large and is considered armed and dangerous. >>> a five hour truce is in effect in damascus in the suburbs there for the fourth time this week number civilians left the area in what is known as eastern guta. the government run tv says that she shelled a crossing point to prevent residents from leaving >>> and the unusually cold bitter weather gripping europe has caused traffic delays throughout the uk. britain's military deplayed ploid in central and western england to help get hospital employees to work and assist pol

germany among today's gainers helped in part by news that the spd voted to form a coalition with chancellorngela merkel's conservatives in italy stocks are in the red but well off the lows after falling into correction territory earlier in the session. the italian election results indicate a hung parliament but the populous five star movement received the most votes of any single party and the ruling center left suffered a major defeat on the m & a front, france's down on news of the $15 billion deal to acquire xl group the combination would create one of the world's biggest property and casualty insurers. italy is localized nobody's worried about it. >> it is i remember when southern europe was a big worry though >> yeah. >> we have so many other worries now or now that we've gotten all that worry out of our system we're like something -- >> or we don't feel smart about worrying about the things that never really did have a huge market impact perhaps. i don't know >> one thing that is interesting. you know, every single party that was running wanted to spend more money right? they wanted t

martin schulz is the head of the spd, but not for long, as this debacle has tarnished his image as a she is expect that she is accepting her fourth term as chancellor. that is a fascinating story out of germany. this is what european stocks are doing this morning. mixed markets going nowhere in a hurry. this is bloomberg. ♪ francine: concerns over an increasingly texas president. watching his words. mario draghi says policy will remain patient and consistent. russia ignores an ultimatum from the u.k. and theresa may addresses parliament in a few hours. i'm francine lacqua in london and tom keene is in new york. we are looking at treasuries and a little bit of market movement, but then there were concerns about the global trade and i am seeing a lot of noise on the trading floors, it might be currencies where the real battles align and there is a u.s. treasury report coming out. tom: derek joining us on the dollar and pound-sterling. the noise in america is in southwest pennsylvania, francine. a huge

. >> translator: the members of the spd have followed the proposal of the party executives, and we will end the government. these were very important and exciting debates. as many as 50 members, we grew together during this discussion and now this gave us the strength in order to be a party in the government, to proceed, and get the country on the right path. >> now it's been more than five months since the election and the country hasn't had a coalition government, so in the one sense this is good news for angela merkel. she can now get back to the business of running the country. on the other there are still some challenges she faces. she had to make some major concessions to bring the social democrats into the coalition, giving up the finance, labor and foreign minister portfolios for example so she can expect pushback on those areas where previously they were conservative ministers in some of those positions. but also, now, in parliament with the social democrats officially joining the coalition, it means that the largest opposition party is the far right nationalist alternative for

when you hear sarah spds not say whether russia is a friend or a foe what message does that send. >>tical vocabulary or stop watching fox news. >> the answer is clear. >> it insults my intelligence. the current occupant of the oval office, by the way, as the previous one, they deny the fact that for many years putin is at war with the united states. it is a hybrid war, putin is a kgb guy, he knows he cannot afford direct confrontation with the united states but he is good at clandestine operations. he has succeeded in creating chaos and dividing this country. >> it's been called an information war. and yet these new reports on russia rgt at thatting nuclear power plants, grids, even the water supply, that should come as no surprise. >> dictators never ask why, it's always why not. so in 2006, putin killed kgb i'm sure under direct putin command ordered killed a former agent in london using poison. nothing happened. for putin, another attack recently was a demonstration of the weaknesses of the western government, the democratic governments. >> and also a demonstration of his reach? >

the chancellor's conservatives entered into a grand coalition talk with the spd this year after talkssmaller upties on a three-way tie collapsed in november. europe's largest economy has been in political limbo since those talks fell apart. global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i'm mark crumpton, this is bloomberg. scarlet? scarlet: thank you, mark. in a speech today, u.k. prime minister theresa may warned that nobody involved in brexit will come away completely satisfied. policymaker adam putnam spoke to us about mays mission. inm: there is safety numbers, that you want to be big enough that people have to pay attention to to get access to your markets. in the uk's case, being part of the eu was critical not only because you are part of a bigger entity, but it meant people wanted to be in the u.k. of a platform to the eu. they did not need to pay extra to meet different standards. the other point, safety in numbers, is going back to the issue,ssue -- trump which is to play by the multilateral rules. if you try to c

in germany, leaders of the spd and cdu will sign their agreement today at 2:00 p.m. local time.mean for the future of the eu and single currency? kokou agbo-bloua from socgen is still with us. let me start by asking your thoughts. euroes not seem that investors are concerned. kokou: one of the reasons behind the strength of the euro is the current defensive plus of the bureau area as a whole. you talk to a germany a few minutes ago and this is one of the key drivers. the second key point is the the ecb will be tapering the qe program. from a second derivative standpoint, the interest rate prefrontal should go into the favor of the euro versus the dollar. the last point is clearly in terms of the eurozone debt crisis, the concern with respect to the eurozone banks or eurozone periphery. well, we are a much better position than we have been over the last year. anna: the european commission is still mourning italy about the mpl. what is the priority for you, banking in completed, the eurozone finance minister a budget? what with the market want to see? kokou: the market ultimately