i will put that to wolfgang schaeuble a little later this afternoon.tocks,f, a look at futures, gains across the board after drops yesterday. then a look at ones. investors selling off the german debt. only to a low-level. the zero .253 is what we are looking at. at theump in the yield beginning of the session this morning, about a half hour ago. now, that yield has come down to almost unchanged. on your screen, it is showing as unchanged because it only goes two decimal places. 0.253% in the german bund trade right now as investors look to get more risk in their portfolios this morning. guy: matt always taking the extra step. let's talk about the gmm and walk you around the world. energy stocks have done well in asia overnight. you are seeing this tech story fading and little. intow a big selloff friday monday, beginning to fade into tuesday. he saw how badly hit european markets were yesterday. this morning, the dollar is off, the kiwi is up a little higher. singapore dollar trading a little higher, the pound trading a little higher against the dolla

coming up, an exclusive interview with germany's finance minister, wolfgang schaeuble. i think it would not be helpful if we started speculation that will happen. decision and we take it as a matter of respect. if they wanted to change their decision, of course, they will find open doors. i think it is not very likely. jonathan: more of that interview coming up. live from new york with a focus on the city of london, this is bloomberg tv. ♪ ♪ is "bloomberg daybreak." coming up, the former philadelphia fed president. ♪ president trump has spoken out again and again on u.s.-germany economic relations trading the -- labeling the trade surplus as very bad. matt miller spoke with the german finance minister on the same subject asking about how the views toward germany impact his views on the situation. take a listen. wolfgang: it is a little bit more different and complicated as well, but on the other end, i think there is a difference between announcement even in short messages and twitter and the absence of american policy. two days ago he delivered a speech when he said he

you accused wolfgang schaeuble of being, and i use this quote direct from you, dishonest in the way helief for your country. what i told the reporter, that mr schaeuble appeared disingenuous, not dishonest. it's not my fault that the lady was not english—speaking. with respect, whether it was dishonest or disingenuous, neither are very positive when it comes to your view of germany's role. it is a problem and it is recognised even by his own individuals in the spd. the problem was... he is not in the spd, he is in the cdu. but he has a coalition. it is the cdu which calls the shots here. there are other german people as well as colleagues of his in the euro group that believes he has had a difficulty in understanding that when it was discussed in 2017, there would be starting the serious discussions about the debt, the fact this should take place. wolfgang schaeuble, in malta, april 2017, said this: "i don't think at all there will be future "debt measures from greece. "that is the german position." that was not the position that was agreed last year. therefore one has to be able to un

germanschoed the wolfgang schaeuble saying it wouldn't be too late for the u.k. to stay in the eu. general has denied any suggestion he colluded with russia to interfere with last year's presidential election. jeff specialist -- jeff sessions was speaking in of the senate intelligence committee. to suggest i participated in any collusion, but i was aware of any collusion with the russian government hurt this country, which i have served or toonor for 35 years, undermine the integrity of our democratic process, is an appalling and detestable lie. related, there is the assertion that i did not answer senator franken's question honestly at my confirmation hearing. colleagues, that is false. sebastian: jeffrey gundlach has said the establishment in washington is trying to run out the time on donald trump's administration. he spoke during televised senate testimonies by attorney general jeff sessions. he called the political conflicts a sideshow or entertainment. being used to obstruct the president's agenda. global news 24 hours a day, powered by more than 2600 journalists and analysts

german finance minister wolfgang schaeuble has been amongst those insisting the debt must eventuallyit looks like some sort of debt relief could now be on for next year. the chairman of the eurozone finance ministers' group is optimistic there could soon be an end in sight. overall, i think this is a major step forward. i commend the eurogroup institutions, the greek authorities and foremost, of course, the greek people for their intense efforts and resolves. we are now going into the last year of the financial support programme of greece. we will prepare an exit strategy going forward to enable greece to stand on his own feet again over the course of next year. thanos vamvakidis is global head of g10 foreign exchange strategy at bank of america merrill lynch. thank you for coming in. good morning. let's start with debt relief, something that germany has been adamant that greece must repay all of its debts in full but the imf said we must have some debt relief because the act is unsustainable. it's looking like greece make its debt relief in some form. they have beenin debt relief in

time, exclusive interview with the german finance minister, wolfgang schaeuble. i know there are plenty of questions on the euro, but also the u.s. and brexit. is fear affecting fashion? tells us dior's ceo why terrorism is his number one focus in europe. that interview is next. this is bloomberg. ♪ francine: you are watching "bloomberg surveillance." i'm francine lacqua in london. kristen dior's -- christian dior's ceo says he is optimistic on the outlook for the european economy, but in an exclusive interview, sidney toledano told bloomberg that his great concern for the continent is terrorism. >> the french market is important. a new president and i think this will be very positive for the economy in france. reformsill start some positiveng some effects on the working rules. i am positive about that. we will see how they are going to do the new agreement in the u.k. majorly speaking, there is more optimism. the only concern we have, the main concern we have in europe is the terrorist problem, which affects security of the nation and the tourists. francine: tha

wolfgang schaeuble, in malta, april 20 1770s.e. that is the german position. that was not the german position. that was not the position that was agreed last year. therefore one has to be able to understand whether mixed —— whether mr schaeuble speaks for himself or the european union. when we come back to this question when you in your assignment given to you by the government to go to new york, london, paging, wherever and appeal to the world for foreign direct investment in your country, you have a big problem when the key players in the eurozone, germans, are still saying that the time is not right to offer greece long—term debt restructuring. —— beijing. that is a problem. i see something different when i visit. i see people who have realised there are opportunities in greece to invest, opportunities to make money because no investor makes investments without those being profitable and that, in fact, there isa profitable and that, in fact, there is a labour force extremely well—trained, university graduates, that can produce

german finance minister wolfgang schaeuble has been amongst those insisting the debt must eventually. but it looks like some sort of debt relief could now be on for next year. full details in 20 minutes time. we are also in cuba, because president donald trump is expected to announce a new policy towards the country during a visit to miami later today. it could see rules on trade and travel tightened once again, and undo major elements of president 0bama's agreement on closer relations with the island. don't forget, you can get in touch with me and some of the team on twitter. i'm @bbcrachelhorne. see later. —— see you later. leading american politicians have played their traditional charity baseball game a day after steve scalise, a senior republican politician, and two policemen were shot as they practised for the fixture. mr scalise is still critically ill but his condition has improved. president trump called for unity in a video message played before the start of the game. laura bicker has more from nationals park. together, with hands—on hearts, their minds were on those who co

german finance minister wolfgang schaeuble has been amongst those insisting the debt must eventuallyfull. the chairman of the eurozone finance ministers‘ group is optimistic there could soon be an end in sight. overall i think this is a major step forward, i commend the euro group institutions, the greek authorities and foremost of course the greek people for their intense efforts and resolves. we are now going into the last year of the financial support programme of greece, we will prepare an exit strategy going forward to enable greece to stand on his own feet again over the course of next year. thanos vamvakidis of bank of america merrill lynch warns that the details of the deal are still vague. i think the agreement is a compromise, which is the best that we could have hoped for given all the constraints. but it is not the final solution. there is a broad understanding that debt relief could be required, but it is another kick of the can down the road. so you do not think we will see agreement for a haircut, for a chunk of debt to be written off? you think it is more extending th

the chancellor in the uk, philip hammond, is close to wolfgang schaeuble, the fine and minister in germanyboth sides of the fence on brexit want a good dealfor the economy, of the fence on brexit want a good deal for the economy, and of the fence on brexit want a good dealfor the economy, and i think the worry in the uk has been, up until the general election, as ben said, when theresa may was somewhat weakened in a position in britain, taking back control, sovereignty, immigration will be the leading issues around brexit. philip hammond, i think, issues around brexit. philip hammond, ithink, supported by germany and france, once the economy, jobs, business at the centre of the negotiations, which some describe us as going towards a softer brexit. mist hammond, in britain, does want a more porous relationship with the single market, the possibility at least of some form of membership of the customs union, although that is very complicated, and today he has sent a big signal to businesses in the uk that the government will stand behind the european investment bank's investments in britain.

let's begin our roundup with matt miller's exclusive conversation with german finance minister wolfgang schaeublet we agreed from the that brexit is a decision we have to accept. minimize the potential damage and maximize the mutual benefit. matt: do you think britain has the ability to turn that around? is there a possibility brexit doesn't happen? >> it would not be helpful if we started speculation. the british government started brexit. wanted to change their decision, of course, they would find open doors, but i think it is not very likely. matt: what about if they want more time to negotiate? ,hey have said the eu is ready but the u.k. needs to sort some things out before they come to the table. it has already been three months since article 50. can i have some more time? >> i think the negotiations will now start, and i think they had agreed before the election that in the first round, they will negotiate the points of brexit, , weas soon as that is done can go in parallel [indiscernible] and what will be the further relations between the u.k. after brexit, the single market and european u

yesterday, french president emmanuel macron and german finance minister wolfgang schaeuble both saidwasn't too late for britain to change its mind. in the u.s., the federal open market committee is expected to announce an interest rate increase later today at the conclusion of its meeting. it will probably acknowledge recent inflation declines while sticking to previous guidance for another hike before the end of this year and a first step toward unwinding the central bank's balance sheet. we will bring you that announcement at 7:00 p.m. u.k. time followed by live coverage of janet yellen's news conference. ,ber reeling from its ceo travis kalanick, taking a leave of absence, has been hit with the resignation of david bandar meant from its board. fundamental's exit comes after he made a sexist comment in a meeting intended to ber's scandal. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. i'm nejra cehic. this is bloomberg. francine: thank you so much. little bit of movement on the currency markets. pound dropping after we had

i spoke with wolfgang schaeuble last week and he seemed determined to keep the financial center in britain. they don't want to rock the boat. at the same time, they don't want to fall back on wto ru les, but it took 18 years to negotiate an agreement with canada. they want do it with the u.k. in 18 months. won't they just say, let's get into a transitional agreement for now? david: i think that is the most likely scenario. the other thing is the timeline, when other people actually leave their jobs. mark carney will leave the bank of england in june of 2019. and of course we have got mario draghi leaving the ecb in october of 2019. he will be looking for further qe and cutting rates in the eurozone. we can't really afford that to be a major cliff. it is not in anyone's interest, where the entire eu goes into a recession. they want the growth story to continue, which means a transitional phase, the relatively soft brexit. anna: do you predict any political chaos this week, david? we have the queen's speech. that is this week. there will be a focus on space travel, apparently, which will be