left the e.u. and what protebses for environmental standards and public services if that's the case? >> there is no blueprint. i have said consistently over the last seven months or so that we are not looking to adopt a model for another country's relationship with the european union. we were in -- we will negotiate a deal that's right for the u.k. >> did my right honorable friend detect any strong support for a separatist scotland remaining in the e.u., no questions asked? >> i can honestly say to my honorable friend i did not detect any such support in the european capital. >> the country is almost evenly divide about leaving e.u., how oes the prime minister [inaudible] i've never demone this country so divided since 1956. >> i thank the honorable gentleman. this house chose to give a vote to the british people in the referendum on the 23rd of june. the people of the united kingdom voted in that referendum and the majority voted for the u.k. to leave the european union. i actually thing thi that w

there isis a huge amount off det toward the e.u. of the 60 billion we just heard about, are programs that we are doing together. the bill will have to be paid and then we will have to find out what we can do together and what we want to do together and i am pretty sure that a lot of people will suffer from this divorce. eurosa: the 60 billion that they want to collect -- theresa may did say that london is aware of its obligation as a departing member country. those were her words. do you think that means they will settle? or not theyhether will pay, i think it is a starting point for negotiations on both sides. if theresa may is saying that she is willing to pay, presumably she is willing to pay something. aware.: she said, that makes it a little unclear. she also said that no deal would be better than a bad deal. the you agree? well, i do not want any deal at all. it is difficult to say. it is so difficult to say how all of this is going to end up. that if there is a bad deal, it might require some rethinking. there is no democratic

companies that trade with the e.u. will have to rely on institutions of which we are no longer apart. just as we do in other overseas markets. however, we approach these toxic constructively, respectfully,pe and in the spirit of sincere cooperation.we should use in the interest of both united kingdom and the european union that we should use this process to deliver our objectives in a fair and orderly manner.the eurn it is in the interest of both the united kingdom and european union that there should be little disruption as possible. and in the interest of both the united kingdom and european union set europe should remain strong, prosperous and capable of protecting its values in the world. at a time when global trade is slowing and there are signs of instincts are on the rise in many parts of the world, europe has a responsibility to stand up for free trade in the interest of all. with europe security moreith wih fragile today than any time since the end of the cold war, weakening our cooperation and feeling to stand

think about the uncertainty, the debt they haven't e.u., the refugee crisis in the e.u. they meet the economy of the u.k. there. this is challenging on a number of friends. nicole: you mention france. they have a pen versus micron. much like what we see there in the u.k. as a poster here in the states, what are you looking at? what are you finding out this fire? >> there's definitely a trend towards the anti-globalization movement. people want their country back. they want to put their country first come of values first and jobs first. they want to put their people first. not necessarily rational argument. everybody is really trying to understand why are people not thinking this all the way through. what is happening is people plus a bit of identity in all threatened by all the things they've had to give up in order to get to the global economy. we see a lot of individual folks say i want my identity back. that's what this is really about in the global play. people are almost afraid to say it out loud because it not an intellectually -- it's about pride in your country. i

and the e.u. ter into serious brexit talks. >> now she will have a little leverage moving forward. kathleen hays, thank you for joining us live from boston. u.s. stocks head forward on the slowest trading day of the year. let's get to abigail doolittle with the wall street action. did you markets take the brexit trigger, it seemed tame? >> not much of a reaction. it was largely priced in. a mixed and unchanged average. , down and up&p slightly. the tech heavy nasdaq and nasdaq 100 both up. nasdaq 100 finished at a record high, some strength there. one market you would expect a reaction, not too much of a reaction, the british pound. we have a five day chart that will show a decline. from pete to trough over the past few days, nearly 2% drop. even.day volatility is we have a great chart. when we hop into the bloomberg, this is the bloomberg brexit index. the point here, a lot of green. you see a little red in july of last year. it has been green since then. reaction since the triggering of article 5

indeed, the e.u. has asked the polish government for an explanation fearing the government is having too much control over the courts and the justice system in that country. but while, you know, poland was against tusk, 27, all the other member states, all voted in favor of keeping donald tusk in place as the head of the e.u. council saying that continuity was exactly what the bloc needed at this uncertain time when it comes to many issues like the economy, the brexit negotiations, and poland, however, has reacted to this reelection, saying it sets a dangerous precedent for the e.u. because it would not be unanimous decision. it is up to the president of the e.u. council has always an elected unanimously however, it was the possession only -- a position only created in 2009. there have not been many presidents. the 27 -- chairing members of the e.u. is no easy task. especially when are so many differences. eve: indeed. definitely not an easy road ahead for donald tusk. not even the summit itself looks

this would qualify as a bilateral agreement between the u.s. -- between the e.u. and the united states if we had it. but the question is whether it will be of benefit to both countries or not? and if i can be candid, a free-trade agreement with the united states america has not always been that popular in germany either. there have been less demonstrations against this free trade agreement in the united states than in europe, and also in germany. i am very glad to note that apparently the sort of perspective on that has changed a little bit at least in germany, too. pres. trump: thank you very much, great honor, thank you. [captions copyright national cable satellite corp. 2017] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] >> across the pacific, secretary of state rex tillerson was in south korea to meet with the country's acting president. the two leaders talked about the growing

do you think from the e.u.'s point of view, this is a bilateral trade agreement with washington on one side and the e.u. on the other side? do you think the problem is that washington and the europeans have a different understanding of what a multilateral trade agreements are about? >> we reject the white house claims of the wiretapping of you, the trump tower organization, members of your campaign, that british intelligence was either responsible for it or involved in it. after these claims are rejected, what is your take on that? are there other suspects, or do you think it was a mistake to blame british intelligence for this? and by the way, my second question, are there from time to time, the tweets that you regret? pres. trump: very seldom. very seldom. [laughter] pres. trump: i probably would not be here right now, but very seldom. we have a tremendous group of people that can get around the media when they do not tell the truth. i like that. as far as wiretapping by this past administration, at least we h

so it's easy for the e.u. to come up with 6illion euro and pay off turkey it is much harder for e.u. to suddenly throw open its borders, allow liberalization because many of the syrian who is ended up in turkey and who may have extremist backgrounds are actually -- are actually security threats to e.u. member state. so in my view there's zero prospect that the e.u. can provide visa liberalization to turkey. there's always been a racist tendency among europeans stronger today than ever before. and my question is is, why suddenly two summers ago were there more than a million refugees who took flight from turkey and decided that they wanted to go to denmark or to germany rather than stay where they were? partly it has because they had a futility about ever being able to go home. i think we have to acknowledge that. but i wonder what conditions were going on in the camp and the treatment of asylum seekers denied work permits by turkey that created a desire for them to leave turkey, a great hazard, set sale to gree

and when you think that the e.u.'s oil is continual -- policy is continual eastward expansion, you know, they want the ukraine to join the european union, i worry that a european union, if it does break away from nato, is potentially on a conflict course with putin. trish: okay, all right, so that's where perhaps we want to get a little her involved. but, you know, you look at europe as a whole right now, you look at what happened in your own country, for example, and there is this increasing movement that's very nationalistic. in other words, countries are looking around and saying, you know, this really isn't fair. you know, the if i'm working hard in italy, why do i have to pay for the greeks? and it looks like some of the folks are coming out there. we're going to see an eye on that to see if we see merkel and the president. but in other words, it doesn't feel fair if you're one country needing to subsidize another, so this is part of the reason why it's unraveling. and wouldn't you say the economic consequences o

opportunities for the u.k., but also our e.u. friends. that you exports than we export to them. there's a clear win-win in maintaining free trade. the services industry is pumping in one trillion pounds into european companies. those are areas, and on financial services, the e.u. and the u.k. side see the scope of that win-win deal that i think is absolutely important. anna: there is also political reality and many in the 27 in europe don't want the u.k. to have the ability it has now as a matter of principle. then what would be the point of being a member of the e.u.? >> actually there is no other corner of the world, country or region, that engages in free trade with the concept that you pay a fee or open your borders in order to do so. free trade is about the mutual self-interest. i'm not going to get into all the political shenanigans. i do think we need to understand there are all sorts of existential challenges, from the greek situation, italian nonperforming loans, elections, that will preoccupy the e.u. brexit is a distraction for

. >> when britain pulls out of the e.u., it could trigger tariffs on anglo-irish trade. and when trade barriers go up, so does the cost of doing business. >> sreenivasan: next on "pbs newshour weekend." >> pbs newshour weekend is made possible by: bernard and irene schwartz. judy and josh weston. the cheryl and philip milstein family. the john and helen glessner family trust-- supporting trustworthy journalism that informs and inspires. sue and edgar wachenheim, iii. barbara hope zuckerberg. corporate funding is provided by mutual of america-- designing customized individual and group retirement products. that's why we're your retirement company. additional support has been provided by: and by the corporation for public broadcasting, and by contributions to your pbs station from viewers like you. thank you. from the tisch wnet studios at lincoln center in new york, hari sreenivasan. >> sreenivasan: good evening, thanks for joining us. further political fallout in the nation's capital today, including a thinly-veiled warning from the president's chief of staff after house

citizens living in the usa -- e.u., and e.u. citizens living in the u.k., -- they are the top priority and the brexit deal. they working out what to do with the irish border without damaging the priests process as well. gibraltar is -- the result of spanish lobbying. that was a shock -- if that was a shock for the foreign secretary, he didn't show it. fears, they calm might trade together. >> the u.k.'s commitment to the security of this region of europe is unconditional, and it is not some bargaining chip and any negotiations that may be taking place elsewhere in this capital. >> now that article 50 has been triggered, it is the e.u. side who can determine much about these negotiations. they can determine the sequence and what the u.k. can achieve, too. watching "bbc world news america." being called a game changer and stopping the illegal trade, how china could help the african ivory. tim: the price of butter is at an all-time high. but her futures have jumped 40% over the past five months. what is the hind this? man with his d

policies, it could be the end of the e.u. st it will live on and muddle through without the u.k., almost certainly, unfortunately, but still keeping the peace of the forinent, which it has done the first time since the roman empire, really. tom: there was a headline, draghi saying the e.u. is inevitable. what is the price of muddling along? what is the price to the people of muddling along from theorists like you? think, therey, i is no breakup solution that is better than a muddling along solution. the breakup of the e.u., even if there were no euro, would be a political catastrophe of the first order. a breakup of the euro would ni eurof a northern mi that would form in the d mark zone. it would be a nightmare. tom: phil about her is with us. i want to come back with a special chart, with willem buiter from the london school of economics. next, michael cannon. he is scathing on paul ryan's health care solution. this is bloomberg. ♪ francine: it is beautiful in london. it is a great day, a little bit rainy. welcome to london.

the e.u. and get this issue sorted out in advance of the negotiations, mrs. merkel very firmly said no, this issue cannot be tackled until the negotiations have actually started, until article 50 has been triggered. francine: was this unruly or was the house of lords getting control? lord faulkner: it was very fool house of lords for the debate because brexit issues really engaged the house of loshedes. there was a strong preponderance of opinion in favor of the the amendment, the oddity of the government's position appears to be we're doing it because we want to preserve our negotiating position and that's what they say with one breath to why they will not guarantee e.u. national's position but in the next breath say don't worry we guarantee an effect we will precure their position in the negotiations. it seemed a very odd position for the government to be taking up because they weren't really having a negotiating position because they're telegraphing to the people they're going to negotiate

because the e.u. going to tell every country how many refugees or allocation -- their allocation was. that was driving everybody crazy. she cannot do that. again i say the focus is probably going to be on turkey because turkey is the country that on the one hand is sort of trashing european values, you know, locking up journalists. and yet, europe is dependent on this guy to protect its frontier from migrants. this is a really difficult problem, and i think it will consume the german government. and it will be a problem for the opposition because in a sense, both approaches are sort of intolerable if you say you are serious about european values. you cannot just turn your back on starving, endangered refugees. on the other hand, you cannot embrace an authoritarian dictator. it is a real mess. >> immigration is a shared fear and policy question across all of these countries. and the u.s. has been at the center. dan: how big is the muslim population in the netherlands? >> i think one million. on a popul

do you think from the e.u. point of view that this is a bilateral agreement with the e.u. and another on the other side or the president of the united states in the europeans have a basically different understanding of what the e.u. is all about? that is my question addressed to you. mr. president, my question addressed to you, rejected white house claims of the alleged wiretapping on you, trump tower, trump organization, a member of your campaign, that british intelligence was either responsible for it or involved in it. after these claims are rejected, what is your take on that? are there other suspects, or do you think it was a mistake to blame british intelligence for this? and by the way, my second question, are there from time to time tweets that you regret? >> president trump: very seldom. >> reporter: you so you never wish not to have? >> president trump: i probably would not have been here right now, but very seldom. we have a terminus group of people that listen and i can get around the media when the media does not tell the truth, so i like that. as far as wiret

is this agreement the e.u.as made with merkel -- sorry, with arctic on -- erdogan that turkey is essentially holding immigrants back from europe. erdogan knows that in the run-up to elections in germany or at any point, he can sort of allow that wave to come back in and create a massive political crisis in germany. i think everybody in germany is focused on that issue. meanwhile, by the way, let's not forget in germany, unlike the netherlands, people also worry a good deal about russia. in germany, you are looking at two serious security threats, challenges to european order, with not a lot of clarity at this point on how you deal with them. dan: picking up on walter's point, how big a factor is the russian "threat" to europe in all of this? how much are these european leaders deeply concerned about where russia fits in? >> i think they are deeply concerned. i think we have all been paying attention over the last year to russia's role in potentially destabilizing what we have seen as democracy and a coherent in

sending a letter to the e.u. invoking article 50, the mechanism for countries to leave the e.u. prime minister may's announcement came this morning. >> questions to the prime minister. >> they were asia, curt cochran, lesley rhodes, and of course p.c. keith palmer. aim sure members across the house will join me in offering our deepens condolences to their friend and families. the police and security services investigation continues and two people have now been arrested and remain in custody. mr. speaker, this morning i had meetings with ministerial colleagues and others in addition to my duties in this house i'll have further such eetings later today. >> may i make herzegovina sentiments and since last week. may i also congratulate the prime minister and the government on today triggering article 50. i know this is a momentous action for the whole of the united kingdom. and while i like herself campaigned to stay in, we recognize that the people have poken and we offer the party sole support in showing the negotiations deliver the best the whole for the united kingdom and particu

the e.u. er flew to washington this week to seek reassurance the new administration will honor that deal. she joins us from the d.c. bureau. thank you for joining us. this is a really interesting problem for these companies. many of which are u.s. companies who are operating google, facebook, and the like in europe. explain to me how this came to be in the first place. >> i must say for the companies it is not only interesting but it is absolutely crucial that they have legal certainty when they transfer private data of europeans across the atlantic to the united states. for me, it is important to be here in washington and ask the and the newration representation of the united states, what are the guarantees which we agreed upon in the negotiations of the so-called privacy shield, whether they are still in place, because this is important for both sides. cory: why is it important for businesses? vera: the businesses, to a large extent are dependent on transfers of private data. and they were wi

anyone claims the e.u.s not sticking to its side of the bargain, granting visa-free travel to turkish citizens in order to reduce the amount of migrants in europe. >> the european union has made promises about visa liberalization for the turkish people. but they did not keep those promises. now they are talking about the readmission agreement. what readmission? forget about it. reporter: erdogan also criticized the newly reelected dutch prime minister mark rutte, saying he lost turkey as a friend. they are in a diplomatic row after refusal to allow turkish ministers to hold political rallies in the netherlands. laura: meanwhile, emmanuel theon has been meeting with german chancellor angela merkel in berlin today. he was stressing his common ground with merkel on to economic reform and the future of the european union. -- >> today, europe is facing a big threat, the rise of populism. the national front of france has risen enormously. we saw until yesterday the far right make huge advances in the netherlands.

you've talked about brexit being a beautiful opportunity for the e.u. how would you like the e.u. learn from brexit? e.u. toi would like the reaffirm its unity, its political well of deeper integration in some fields, such as the defense policy, social union, to develop a new investment policy, and also to improve its functioning within the european parliament. there are 73 seats that the brits are leaving. we should build up a real european politics. the more we are united, the better will be for us, but also the better will be for a smooth negotiation, talking about the brexit negotiation. matt: what do you expect to achieve in rome? you've got the opportunity to meet with leaders from across europe. are you going to prepare for that brexit negotiation? sandro: no. this weekend we talk about our future together as 27. it is clear that the brexit will be a process. we want to relaunch the european process. as i was saying, developing a defense and security policy, developing a new social policy to counterbalance the approach which has been much a much focus only on consolidation,

. -- the e.u.o have an interest in the markets, but they have to know what she is preparing. francine: what do banks do? prepare for the worst and hope for the best? is still unclear what the situation will be. what i think we know is because of the elections in france and germany, especially the german and french will be tough, i think we will not know much in the next three to six months. honestly, i think it is too early to tell, especially this early. tom: i look at this day today. charles, let me go to you. who is prime minister may speaking to in europe? i cannot get a straight answer. isrles: maybe because she not speaking to the europeans that much. she is very clear that she wants to talk to them in person and explain her strategy to them in person. it is what they may be getting through the british press may present her strategy as something that is anti-european. she does talk to trump and merkel and to the different is additions in the au -- the dif ferent institutions in the e.u. my se

-- the e.u. s adamant that security cooperation should not -- should be a given, especially the european parliament pushed back against that. it seemed like yesterday u.k. officials in london were trying to walk that back as well. if we do hear about security cooperation today from tusk, or otherwise, i think it will not be as contentious as it was a couple days ago. guy: always a pleasure. joining mees hayden out of brussels in advance of the press conference we expect later on. ahead of the announcement in malta, what is driving markets? the last day of the quarter as well. member, tomorrow is april 1. mark, we need to talk about that. let's talk about what is happening in sa overnight. in some ways, we frontline the story. there was a rumor jacob zuma was , and to be firing gordhan the rampant price that in. is this a one-way street for the rand now? street. not a one-way i think the important thing is, the global environment is very positive for emerging markets. the dollar has been weakening

the law. in a statement, an e.u. russianrson said the police action had prevented of expression and peaceful assembly, which are fundamental rights enshrined in the russian constitution. the u.s. state department has also condemned the arrests as an affront to democracy. aree public gatherings allowed in russia, authorities frequently refuse to grant permission for anti--kremlin rallies. were the largest scene since 200 2011, over allegations rigged in had been elections.ry >> elsewhere, u.s.-backed forces in northern syria say they're a majoroperations near dam held by the i.s. state, amid reports over whether -- due to concerns over flooding. after syrian democratic forces captured a strategically important air base. their first major victory since u.s. troops -- >> there's no imminent danger to the dam unless the jihadists plan to destroy it. that was the message from the u.s.-backed syrian democratic forces which has released these aerial images of what it says is dam. this came after both the syrian government an

. >> we talk about the e.u. and brexit in a moment. it reminds me of the brexit debate in the e.u. federal government in the u.s. has the merit of being democratically accountable. but it's the same concept, why should such a vast country with so many different people with different priorities and needs be governed from the center, just as in the case of the e.u. all the different member states of the european union, it's ridiculous to claim they should be run by a bureaucracy in brussels. lou: center in terms of power, but not political spectrum, to note. let's turn, if we may, to merkel, the future of the e.u., brexit. the vote today before the 31st of march. and the exit in brexit will take place. you have got to be thrilled. >> yes, to be completely honest it shouldn't be a surprise. to a certain extent the last few months -- i hesitate to say a complete waste of time and energy. but it's pretty much that story. from the moment the vote happened, it was very clear the british people voted to get back their snation national sovereign

and the e.u. are divorcing. for the next two years they talk about the divorce and how you extract yourself on the union, but no new trade negotiation deals or talks can start before the two years. this will make theresa may's life more difficult. she will have to go outside of the bloc to see whether she has a pulmonary agreement. we will keep an eye on this. we also need to talk about brexit. let's talk about europe's post-brexit future. i am pleased to introduce my next guest, joining us for an exclusive conversation this morning. andrea, great to have you on the program. what a day. we're trying to figure out exactly what brexit means. first of all, for trade relationships but for the ba nks. are you moving people and where are you moving them to? andrea: we all have our alternative plans, we need to do it, but we still have three things that are quite difficult. becauseis uncertain depending on the details of the agreement, what we need to move are not move changes. the second thing is the timeline. having g

s disengagement with the e.u. become more clearly defined. >> the united kingdom would -- will officially begin proceedings to exit the european union on march 29 according to prime minister may's spokesperson. next wednesday, march 29. how does this rollout for potentially the next two years? >> i think one of the first question is going to be britain needs to pay up. please settle your bill before you leave the club, right? the estimates for the bill have been almost $70 billion. that is one thing britain will not want to do, to pay the bill before they start negotiating. the europeans may demand that. >> the u.k. prime minister theresa may seeing leverage slip away as she filed for divorce from the european union. leaders arranging a summit for brexit talk on april 29, canceling plans to hold it three weeks earlier. how does that day set the timetable for brexit? >> this is going to drag along and be difficult for prime minister may to deal with. first, the summit on april 29 will layout guidelines for how the c

in the g-20 meetings in germany, the e.u. mmissioner for economics and finance had this to say about the kind of deal the u.k. can expect in brexit. club,ng a member of the and the british have invaded the club, have to be better than being out of the club. the situation after brexit cannot be as profitable, as good , the situation before brexit. kathleen: let's move ahead to something else bedeviling theresa may as she tries to figure out this brexit. this is from nicola sturgeon, of scotland, who said the scots need to have a referendum on independence again. they cannot wait three years as theresa may wants them to. they need to vote for the actual brexit. if the u.k. is going to leave, they want to have a say over how this works. sturgeon is pushing for a vote sometime after early 2019. the conservative party also wrapped up a two day conference. theresa may saying the scottish vote is bad for the u.k., bad for the scots, that for us all. the latest survey showing 44% of scottish voters favoring independence. they may not

i mean, i think that is a sense in which of course the e.u. is very important, but the enter connections between our various countries go much, much deeper than that and anybody who imagines that somehow or another leaving the european community is going to change that i think is really got it profoundly wrong. >> all right. thank you. as i sit here, i see the image of president trump on the screen there. let me ask you a bit of an unfair question. which is to what degree do you think the president's call echoed by secretaries madison, tillerson for european members of the alliance to increase their defense spending has had any residence, that it will have any effect on defense spending in -- on the continent? >> well, as a matter of fact, i think it has had quite a lot of residence. it is a subject of conversation, probably not in the -- in all of the saloon bars in across europe and it has become so in the last few months really. and in particular, i think, that the secretary of defense's comments about europe needs to show as much commitment

and the e.u.. the are buying lots of goods from e.u. untries that they sell, but that is what makes the deficit so big. buying goods from the e.u., causing a deficit, selling services but not as much . this is another reason why brexit picked up steam. since they are a good customer, that is the leverage they have. john: you mentioned that's betty: you mentioned the bill. it is like 6 million euros? >> that you cable say, what are we paying for and why? it is one of the reasons why it will be contentious. di mentioned we will hear from janet yellen. kathleen: he is speaking about banking. i like what you say, unfortunate. [speaking simultaneously] kathleen: it is true, we are. people cuteness up on friday. there was a speech, they said it could be overkill to have three rate hikes this year. bill dudley said the economy can cope just fine. and given the state of the economy, it doesn't need to be preemptive. let me give you another one of our charts to tee off the week, because it looks at spending versus confidence what you see consumer

recent moves by the trump administration have e.u. privacy watchdog worried. a positive day for u.s. stocks. the nasdaq closing at a record high. abigail doolittle, what happened? funnily enough, it was a relatively quiet day. the major averages finishing up by .3%, but nevertheless we saw the nasdaq put in that record high. it traded up five days in a row. the small cap russell 2000 up six days in a row. so there is some bullishness. a five-day chart, we see that new record and what makes this worth noting is the fact it is the first record - close since march. 1. following the nasdaq 100 which put in a record close yesterday. cory: it's interesting because it seemed like the trump rally was showing signs of weakness. abigail: everybody was talkin about how it is -- the inflation is reversing. now we have forgotten about it. today, yes, we have these record highs. thed the record high for nasdaq, a mix bag of stocks including microsoft, western digital hitting a record high, anylix, funny enough not on fundamental news. apple finish down. right in the open put

states so that's not going to prevent, indeed this would qualify as a bilateral agreement between the e.u. and the united states if we had it but the question is will it be of benefit to both countries and let me be very candid free trade with the united states has not always been that popular either, there have been less than in europe and also in germany so i am very glad to note that apparently assort of the perspective on that has changed a little bit in germany too. >> thank you very much. great honor. thank you. thank you, ma'am. [ inaudible ] >> the president of the united states the chancellor of germany wrapping up their news conference. they dealt with several very important issues perhaps most surprisingly right at the very end in response to a question from a german reporter the president seemingly wanted to joke about being wiretapped remarking that angela merkel had been wiretapped and commenting at least we have something in common suggesting we too have been tire tapped. he didn't walk away from the assertion by the white house press secretary quoting from a fox analyst ju

opted to leave the e.u.. s to stop the election from continuing -- >> for the netherlands, to vote for a policy, which i want to deliver, of continuity, of making sure that the successful policies of the last 4.5 years will be into blended -- will be and prevented. betty: we are getting breaking news the ballistic missile reportedly fired by north korea. south korea saying they will hold a security message on the north korean ballistic missile. they will hold this at 9:00 a.m. local time. this is according to the acting president. saying in the text message, they in holding security meeting response to the ballistic missile fired by north korea. yvonne: we will count down to that meeting, less than 20 minutes away. and let's look at asian markets so far. sophie kamaruddin has more. we are watching stocks. sophie: a little bit of ground, but markets, given south korea's upcoming national security meeting, we had janet yellen also pushing the case for a fed meeting. take a look at the nikkei futures up. this is

does the e.u. have it in for apple, facebook, and google? will hear our exclusive interview with the eu competition commissioner margrethe vestager. autodesk's first report card. how did the pivot to the cloud impact their bottom line? we will crunch the numbers with the company's interim co-c.e.o. first to our lead, snap continues to pop on the new york stock exchange. shares continue to rise, ending the day up 10%. also riding high is its investors. they were the first institution to financially back it. the vc has been on a seller run i in recent months with sales in at the o's. joining me now from san francisco, the managing director barry eggers and founding partner. what a story you have to tell on the back of snap. it was, what? five years ago you sat in the daughternd saw your playing with a new app and had to take a look? >> that is right. about five years ago today, i walked into the kitchen. my son and daughter and some of their friends from high school were looking at their phones and laughing. i was curious what they were doing.

right now, under the rules of the e.u., the e.u. is the bargaining agent for them.e. the second issue, since the u.k. have not had to do a trade agreement for many, many years, namely since they became part of the e.u., they are just staffing up and trying to develop some bandwidth. so i think for the immediate president, they will be fairly occupied just trying to sort things out with the e.u. but we would be eager to engage with theat the earliest possible moment that is both legally and practically feasible scarlet: that was wilbur ross speaking with david gura earlier today. joe: what you need to know for next week. this is bloomberg. ♪ ♪ s. stocks ended in a lackluster first quarter with a bit of a letdown with the terms of the index levels. they kind of lingered and quiet. quiet drift into the close. in terms of what is coming up on the first day of the second quarter, there is this weekend. we have march madness. the final four on saturday, the finals on monday. don't forget to check out information on the bloomberg practice for a cause. joe: i will be lookin

coming up, we catch up with the e.u. competition commissioner. nd out what she has to say about the numerous u.s. tech giants under the watchful eye of european regulators. that is next. this is bloomberg. ♪ caroline: a stock we are watching, go-pro falling on friday after the endless initiated coverage of the stock with a sell rating. he described go-pro as the best house and a deteriorating neighborhood. he says their products are not enough to overcome standalone imaging products declines. they are some of the u.s. tech companies that have come under fire for european regulators. the commissioner says these campaigns have nothing to do with the companies' country of origin and reiterated the need for a level playing field in europe. we caught up with the commissioner on "daybreak." regulators are concerned about the pace of disruption in the industry. "bloomberg technology" i don't think so -- >> i don't think so. i am very happy to be with you this morning. i think it is very important we see businesses grow, create value, create jobs. and in

if you break up the e.u. then you're -- the largest country in the e.u. with 80 mf plus million people is germany and compared to russia again, it's small. and then when you think of nato with countries like mine then we're really -- we're quite my nisscule and would be at a distinct disadvantage. that's the goal i would argue and has been the goal for a while. because when you read yelts sin era the op-ed pieces or opinion pieces, russia does not wish to deal with a european union but bilaterally and nato has been a bit more ever since 1949. so again, it's hard to say what the time line is but certainly with the amount of pressure that we see today put to crucial elections this year in europe where support is going every e.u. to anti-nato, anti-- and anti-u.s. fringe parties basically and with success that this is part of the plan and were you to for example get france to step out of nato and the european union that would be a death blow or near-death blow to both organizations. >> do you think there's been an acceleration in trying to cause panic and pa