well you know since there are a european people and european citizens to vote on the e.u. elections i think we should leave it to the europeans number one number two we are part of the biggest european party family european peoples party and the strongest and the most successful party of the european peoples party so we hope that our party family will be successful and the hope that we can change the general attitude of the people's party which is now well migration by migration attitudes and so present and your prime minister obviously get along very well present and meyerson store brand greatly do you think this could actually be a real help in some way for hungary or is it just an ideological liking while you know under the democrat administration under president obama we suffered a lot because the american that time administration the made open attempts to interfere into our domestic. internal politics now such kind of attempts are not happening anymore for us it's great in many cases we receive things in a similar way but we have to understand that they are the number

union because our interest is to have a strong european union under it can be strong in a strong european union and this is the this is the focal point of the debate how to make european union strong again and there's a big clash between the some western european and to slip through the strait were pushing for a european union which should be stepping into the dimension of post christianity. and post nations and our goal is totally different we want a strong european union. it's been strong member states and we want a europe which sticks to its christian heritage so we're number one we don't want europe to get rid of the christian heritage and we want member states to stay as member states we don't want our you know give up our nationality we don't want to give up our culture we don't want to give up our heritage and so on and so forth so this is a big clash between those who want to see european union as post christian as post national and us who want to see europe as a christian continent based on strong member states european commission is also undertaking legal action against hungary

elections next year will be maybe the most important european elections ever in the european history european parliament elections were always elections in which it seems a joke but it is reality europe was not the matter was not the core of the discussion. each country was having european elections to discuss the massacre for years to try to check the popularity of the government and so on and so forth it is the first time. that the european elections will change in any way the european path because you know for twenty years until now the european parliament was formed around two pm political peelers center left center right all the political decisions even on russian sanctions or trade issues are the outcome of an agreement between these two political families so the european parliament political landscape it's an easy seat landscape because you have two groups you have to do you need the agreement between two groups and that's it that will change next year next year you will have fragmentation probably it would be necessary to have the agreement among four groups to need to have a

acts from all of you did european union this is why i mentioned. the eastern countries but i can mention also for instance mexico we have to. have a new deal with mexico because it's it's for the most russians that we want to be proactive and positive towards north america but we can't accept the sad truth of the case from so you have like you've said in the beginning of the interview that whatever is happening is a mortal threat to europe but i've also heard jinan in to say that trans hostile attitude towards europe is actually going to help you or grow up that's funny because that's what we russians say and what the sanctions the sanctions will help them grow up but are you guys actually when i say you the europeans ready to defy america like serious issues for instance iran sanctions i think iran is is. is really next and acceptable what happened on iran so i think we have to think how to avoid the bad consequences of this huge and so on on iran. it depends on the next elections depends whether he would be reelected or not because one scenario i

the europeans expect, quite rightly, that the european union protects them. the commission is proposing new terroristy to counter propaganda and to take it down on the internet within an hour. that is the divisive time window when the greatest damaged can take place. we are also proposing that the tariffs of the new upn -- european public prosecutor will be extended when it comes to fighting terrorist acts. we must be able to prosecute terrorists across borders. terrorists don't know borders. shouldn't make us there are cap wishes. their accomplices. we must be equally decisive to make sure there are free and fair elections in europe. the commission is proposing new a look for aect persons by manipulation from third countries. and huge private interests. leadership, seeking compromises, it is urgently needed in migration issues. , more thane progress is claimed. five out of the seven commission proposals to reshape our migration system were adopted. our efforts have been successful. there are 97% less migrants in the eastern mediterranean and 80% less in the

well you know since there are a european people and european citizens to vote on the e.u. elections i think we should leave it to do europeans number one number a speech we hate cheating each other we have even told openly here in russia that we will never break the unity of the european union because unity. on the other hand made it very clear that there must be a dialogue there must be a discussion an honest discussion a straightforward discussion about whether sanctions have been successful or not and then let's see things factually but the european economies but the retell the russian economy or of the read help to go down with the russian economy whether it's hard to implement the music agreements and so on and so forth so there are very straightforward questions and there are very easy answers yes or no and then after giving honest answers to honest questions we should make a decision about the future now the current italian government. seems to represent the same position nor to mustique roll over and the discussion must be made as these they are a strong country a

pushing for a european uni. we should be stepping into a dimension of post christianity. and post nations and our goal is totally different we want a strong european union based on strong member states and we want a europe which sticks to its christian heritage so number one we don't want europe to get rid of the christian heritage and we want the member states to stay as member states we don't want you know give up our nationality we don't want to give up our culture of we don't want to give up our heritage and so on and so forth so this is a big clash between those who want to see european union as post christian as post national and us who want to see europe as a christian continent based on strong member states european commission's undertaking legal action against hungary for its law targets those who help asylum seekers do you think this goes to all the way to the european court of justice could could actually hunger again then scrap the law look the thing is the following we are a country we are a state a

>> now, the president of the european union with his annual state of the european union speech in strasburg, france, to lawmakers in the european parliament. he underscored the importance of a strong and united europe in the wake of brexit tensions and migration. >> mr. president. honorable members. good morning. sometimes, history moves discreetly. when we are talking about the work of a commission, which only has a five-year time to make some change, over such a short time, you can't bring about a big change in the state of affairs. the current commission, like its predecessors, is an episode of a brief moment in time in the long history of the european union. our plan has not yet come. yetcommissions are not going to take stock before you of everything we have done over the past four years. on the contrary, i will tell you that work will continue over the coming months. to ensure that our imperfect european union becomes even more -- becomes a little more perfect every day. we still have things to do. which is what i wish to discuss with you this morning. no satisfaction modesty taints m

it was the same when europeans migration to america its human being is mentally. we're beginning to get cold and those who come to germany are coming to the wrong country if we look at the empty foreign demonstrations in cambridge last week what impression of germany must they get looking at recent events that target all. flushes germany is not the wrong country to come to that it's just that now we're not only in germany but an intellectual hungry too all there are lots of european countries where people are protesting against integration would. it doesn't mean it's the wrong country but i think it's a question of how you communicate this change in society to the population. the question is whether we the media have always done a good job here. you might wish that do we know the background of why so many people flee from their homelands. have we always informed people here about that have we told them for instance who is behind the holes in the congo there is he the congo is such a rich country yet it does so poor why always why did i say that because of the oper

the main basis for partnering in the european union is actually the european space agency not the union or commissions report the majority of our funding through the european space agency which is independent of the european union and we are not going anywhere at weeak in fact increasing contributions in 2016 after the referendum. all of that is true but there is one project which in many ways was many other which is run by the european union and that is galileo. those who are not familiar, it is the european effort to produce a satellite navigation system to rival the american gps. britain has played a key role in it and we now stand to be frozen out from it. that is very. we have supply 20% of the kit and capability of going into the project and at the moment the negotiations are not showing flexibility on the side of the european commission to enable us to participate. from that perspective it is clear. we can no longer be active participants in the galileo project and obviously that has severe applications implications for businesses in the uk which have made a lot of money from gal

european union, and we are not going anywhere in terms of the european space agency. we in fact increased our contributions to the european space agency in 2016, after the eu exit referendum. all of that is true but there is one project that, in many ways, dwarfs all others, which is run by the european union, not by the european space agency, and that is galileo. now, galileo, for those who are not familiar, it's the european effort to produce a satellite navigation system, as to rival to america's gps. britain has played a key role in it. we now stand to be frozen out from it. yes, that is very true. we had played a big role in it. we have supplied about 20% of the kit and capability going into the project and, as you say, at the moment, the negotiations are not showing sufficient flexibility on the side of the european commission to enable us to continue to participate. well, as far as the commission is concerned, it is quite simple, if we're leaving the european union — and at the moment it's not even clear there's going to be a deal to get us out of the europea

to take over the european parliament. it might sound like a joke, but it is actually quite worrying if you think that the far right has got into government in italy, the third economy of the eurozone. and, europe is getting very, very nervous about the collision course of the current italian far right government with brussels on financial rules. so it is getting very, very tense in europe. the idea of throwing a lifeline to theresa may might sound appealing, because it would avoid another hardliner in europe, which is not something that anybody wants. that is interesting. do you sense a similar shift? that's really interesting. i think theresa may's scenario points to the fact that there are no strong european governments, they are all facing their own crisis at home. in germany, angela merkel is facing the election in bavaria where her partner in crime, as it were, the csu head, no longer very friendly to her, fights for his survival and so forth. which means that brexit is not agenda issue number one in germany, because

which would damage the european union and the u.s. and its integrity i do respect the sovereignty of the british people but i do respect the sovereignty of the twenty seven of them and us and they decided to join the european union with its roots. and i'm here precisely to protect the interests of my citizen but boldly of this common project world the message from mr mccollum was not the only blunt rebuttal to the british prime minister time and time again we heard from e.u. leaders that they will not allow the u.k. to end its membership while trying to walk in some benefits reserved only for each new countries we have more now on last night's dinner that did not end with theresa may having her cake and eating it too it all looked so friendly and polite at the outset there certainly was common interest to come up with a breakfast deal regarding britain's future relationship with the european union but that didn't happen here. it will have to happen at a make or break meeting in a month. european council president donald rejected brita

european values prime minister viktor orban accuses the e.u. of blackmail. and people in the southeast of the united states are bracing for the worst hurricane in six decades almost two million residents have been ordered ordered by still evacuated as the storm barrels towards the carolinas and virginia . i'm sumi so much drama good to have you with us chancellor angela merkel said there is no excuse for using nazi slogans and attacking minorities in german society she was addressing parliament two weeks after demonstrations against migrants by right wing extremists turned violent in eastern germany the largest opposition party the far right a.s.d. accused of ignoring the concerns of people worried about migration one member of the government accused a.s.d. of using fascist language. as angela merkel arrived in parliament today it was already clear that this wouldn't be a normal address to the bundestag at the forefront was the recent far right violence in eastern germany she started her speech with a strong call for a common togetherness again

need to understand two hundred fifty days before european elections more and more europeans and actually believe the far rights idea is that there is an actual link between being a foreigner being a syrian refugee or muslim and being a threat to public order and that has been proven wrong not by myself but by the intelligence services of germany by the french police we can definitely see statistically that a refugee is as dangerous as a standard european you can be good you can be bad that is not the issue and as long as what about what about the argument then because the policy of just allowing in large groups of people may not need the economic in to meet the economic interests of countries like germany. while these economies do need people to make up gaps in their workforce they should be choosing the more skilled labor and the types of people that are really needed rather than just allowing everybody in so-to speak. well interestingly the european parliament has already suggested to answer your question a very strong e.u. position welcoming migrants on specific conditions which or th

is trying to encourage european businesses to bypass u.s. sanctions but it seems like some big players are not willing to take the risk. looks like a return to iran to do business last year after a seventeen year absence the german auto giant said it wanted to reestablish a presence in the country it's signed contracts to import several vehicle models to iran. other german companies like b a s f we're also investing in iran but could there be a u. turn the us ambassador to germany richard grenell said b.s.f. is now exercising the iranian marcus' he said that the car giant was complying with u.s. sanctions against the islamic republic. tweeted b a s f will comply with u.s. sanctions on iran. b.s.f. has not yet responded to the ambassador's tweet nor has the w. at least not directly the car maker says it's complying with all laws and export regulations one is an e.u. law that says european companies don't have to comply with the u.s. sanctions on iran but more companies are choosing to play it safe they fear doing business in iran could hurt t

the key figure is the european union itself is going to be outside of the european union and that's where growth is. >> right at the back there. >> hello. welcome back to washington. i couldn't help being reminded he talked about the terrible predictions. there is very little accountability that if we didn't join the euro project that britain would be in the tank, destroyed if we were a part of your currency. why do you feel there's not accountability for how the same pundits got that wrong, so long as britain is still the financial capital of all of europe in one of the most important ventures in the world. >> there are large organizations, commercial organizations that say the procedure of the euro and everything would be on collapse. we didn't join the euro and then there'd be these ludicrous positions. they still get articles that appear on the radio. i listen to people who get these right. you go to the people of britain last week by free trade to cover your comment on world trade terms, shows clearly we should not be frightened. that is written by people like the professor -- was ab

but you know there let's talk about the european union and the topic of migration a little bit european union you seem at odds with the e.u. at some point do you feel like the goal going forward is to find compromise with the e.u. or confrontation. you know a chip of course same even though i'm often described as an extremist i'm always trying to reason to discuss to ask questions take the revision of the treaty of dublin and operation saffir for instance we're making proposals we're waiting we're suggesting it's clear that i had to stop the migrants landing last year in the period up to august one hundred thousand migrants arrived and the european union to little or nothing this year we had fewer than twenty thousand landings and the e.u. is still doing little nothing so i'm still willing to debate but more recently we've also been talking with some non european countries like albania serbia and montenegro. and becoming more than a little when i saw you go with me to orbit the prime minister of hungary and you talked about this new alliance somehow i thought what you want is closer to

from hungary's prime minister condemns in a new report accusing him of undermining democracy as the european parliament debates whether to strip hungary of its a new voting rights viktor all about tells lawmakers the accusations against his popular government are an insult also on the program. how to flee fighting when you've lost your home your parents and their lives d.w. goes to a refugee camp in syria's crawford's to meet a teenager with no end left to rot. and russia stages its biggest war game since the soviet era moscow says the joint military exercises with china a purely defensive but nato uses russia preparing for war. i'm sure gail welcome to the program hungary's prime minister is of the european parliament in strasburg defending his populist government ahead of a vote to impose sanctions against it for it to accuse the european parliament of blackmailing his country brits immigration policies and describe the report detailing breaches of the rule of law as an insult there are also concerns about the independence of hungary's courts and the rise of corruption the parliament votes

we are at the european headquarters in london. european equity markets are making some modest gains this morning. anna: coming out of china. we are going to talk about china and the trade story. china is welcoming u.s. invitations for trade talks. about what is going on with brexit. the european union is said to be gambling on theresa may, making concessions on the irish border. bank of england policymakers believe interest rates unchanged. let's get the story from ralf. no change at the bank of england. what do we watch for? ralf: we never were convinced there was ground-cycling. have indicated growth has lost further momentum. the outlook in the forward-looking indicators looks the weakest it has been since 2016. we have had the first positive signs on wages in quite a while. this is about getting a sense of where the bank of england is in terms of that difficult trade-off. is ousted,eresa may what does that do to guilford? ralf: no idea. >> [laughter] ralf: the brexit theme is difficult from a rates market perspective. you have

of trying to cherry pick its way out of theory european union -- out of the european union. reporter: it all looked so friendly and polite at the outset. there was common interest to come up with a brexit deal regarding britain's future relationship with the european union. but that didn't happen here. it will have to happen at a make or break meeting in a month. the european council president donald tusk rejected the plan regarding the future relationship with the eu. the british would like to benefit from frictionless trait, even though they won't be part of the multinational bloc anymore. tusk threw cold water on what britain oncwants. >> the suggested framework for economic cooperation will not work, not least because it risks undermining the single market. reporter: the eu itself would like to continue having seamless trade with northern ireland. however, the british prime minister rejected that as her government feels it would economically and constitutionally isolate the u.k. she did not hesitate to mention the other scenario. prime min. may: if there is no agreement

european markets just opening up. bit ofexpecting a little upside around european equities. we are focusing in on individual stocks, ing, danske, an equipment, rentals business, we will look for some movement in that. unicredit be on the move because of talk of command day -- m&a? by two or 3% on some of the big markets in continental europe. matt? matt: this tends to happen. the pound arises, stocks have an adverse correlation in the u.k.. -- rises, stocks have an inverse correlation in the u.k. look at our european headquarters in london. i just made it our world headquarters. health care stocks are doing the slice of theenest pie. health care stocks are outperforming, as well as auto parts, manufacturing, all doing well. the problem is industrials, you see that big red slice of pie, as well as consumer staples and consumer discretionary's. what about the individual movers? anna: i have pulled up the mrr function on the bloomberg showing you the one day moves in the stock. this company up by 6.78%. unisoft shares upgraded to overweight by jpmorgan, with a price target of 1

as european rules are changed. a sovereign state merely being consulted on the rules imposed upon it would not be taking back control. we are told the parliament will have the ability to reject further changes to eu law. yet checkers also says that the uk will, quote, commit by treaty to ongoing harmonization, an area covered by the eu rule book. parliament opposed it in the present, comes on the condition that the eu can impose -- which would impact the temerity to exercise their right, leaving us as a permanent rule taking supplicant without any hope of amending the laws. crucially, accepting the terms of checkers would severely impede the uk's ability to start new trade arrangement around the world and so embrace the chief economic opportunities of brexit. that is obviously bad news for uk, but it also is bad news for the united states. see why, consider the existential battle currently being played out across the world. the battle of ideas between competition led capitalism and state-led intervention, between c

so close to the european union it will be turned down by european lawmakers. vonnie: what happened? they said they were going to go easier on the irish border they could see it away, but hasn't gone away, that dealing? maria: on the ground, it feels like that feeling has gone away. also, theresa may was not expecting this. she came in yesterday optimistic, thinking she was going to get words of support from her european counterparts. also, i can tell you what has become clear when it comes to the irish border is this is an issue of perception. the european union will tell you it is checks, customs, barcodes and it will make no difference. let's tone down the drama and get it done. it is technical. the u.k. will tell you, no, no, it is political. somehow, northern ireland is going to be different to scotland, wales, or england, and that is something the prime minister ever in the u.k. will accept. they all seems like had different perspectives. one is technical. the the u.k. will say it is sovereignty of the u.k. we are talking about. vonnie: any other things? maria tadeo, thank you.

european trigger article. article seven of the european union to initiate. a member state it could even lose its rights for the first time in the us history the european commission checkered article seven in july against poland despite a similar case against it hungary has so far a marriage unscathed the reasons for this are mainly political according to green m.e.p. . she examined the legal situation in hungary on behalf of the european parliament and clear breaches of the e.u. is fundamental. the political party is member of the european people's party and they have friends in commission and in parliament and hungary viktor orban still has a majority behind him in the european parliament though it could look very different. which way is tomorrow's vote likely to go. it really depends if the e.p. the european people's party which is a part of the. party makes its members stick to a certain party line in this. article seven but it's going to be hard to get the. two thirds majority now we don't expect that to happen actually just a reminder p.p. is kingmaker

rallied andia european stocks are up as well. european leaders meeting in austria. will the brexit deadlock finally be broken. welcome to bloomberg markets, open." i'm "european matt miller alongside and edwards. anna: the stocks that are moving up and down. the auto sector, up by 4.7%. a lot of what they said seems kind of negative but one analyst saying none of it is a fright and we see the share price going up by 4.7%. husqyarna up by 3.5%. we have kingfisher down there. down by 7%. profitability there seems to have slipped. they have a plan in place to turn it around. decca group down by 4.3%. it's based in switzerland. group down by 4.3%. danske bank already donned just on news the ceo will step down. we don't have a real hand on the size of that money-laundering scandal. rep of the stocks -- matt? trade markets have been a good proxy for growth in the u.s. but our global truck makers prepare for the next downturn whenever it comes? it doesn't look like it's coming a time soon. one of the biggest truck makers in the world, from the commercial vehicle fair in ha

from outside the european union. what we will be doing is putting forward a set of rules or people from the european union and people from outside the european union. the next challenge for you, if you get a deal, will be to get support in parliament. is this the political battle of your lifetime? when we come to the vote in parliament, the important thing is the people to remember what both is and how important it is to the british people because this will be a vote that will be delivering on the referendum result. the referendum was, the result of that was a very important historic moment for the uk, coming out of the european union, becoming a truly independent sovereign state again will be an important moment for the uk. and if parliament votes know? they rejected? when we come to it, parliament will vote for a deal because people will see the importance of a deal that maintains a good trading relationship with the eu but also maintains good cooperation in other areas but gives us cooperation in other areas but g

need to understand two hundred fifty days before european elections more and more europeans and actually believe the far right's idea is that there is an actual link between being a foreigner being a syrian refugee or muslim being a threat to public order and that has been proven wrong not by myself but by the intelligence services of germany by the french police we can definitely see statistically that a refugee is as dangerous as a standard european you can be good you can be bad that is not the issue and as long as what about what about the argument then because the policy of just allowing in large groups of people may not need the economic in to meet the economic interests of countries like germany. while these economies do need people to make up gaps in their workforce they should be choosing the more skilled labor and the types of people that are really needed rather than just allowing everybody in so-to speak. well interestingly the european parliament has already suggested to answer your question a very strong e.u. position welcoming migrants on specific conditions which or that

welcome to the european open. we are live in london. i'm anna edwards alongside matt miller in berlin. >> stock in asia starts the week in the red, dropping along with emerging-market currencies. here in europe, futures point to a negative open, less than 30 minutes away. ♪ >> stocks and base metals selloff after president trump reportedly issued fresh terrorist threats to china. emerging-market currencies selloff, but franklin templeton says the route may be nearing the bottom. bracing for a hard brexit. sergio ermotti says ubs is prepared for a no deal brexit, and has chosen the location of the new hq. >> yes, confirmed. we have existing operations in and our choices a multilocation strategy where frankfurt will be the base. we are less than a half hour away from the start of european equities trading. , therrows across the board major indexes are down while the dax is off a half percent. futures are down right now about i have a of 1% stop copy of the index on my screen, the broader chinese mainland equities index over the last thr

proceedings of the rule of law now that would risk them leaving the european people's policy at the european level so basically she always wants to keep them on board whereas the friend to keep him on call has a lot less problems and having a small elite group that takes year of forward ok he is getting a lot of resistance as we heard from max from orbán and salvini let's go back to max in mar say max has been sliding in the polls at home he's seen resignations of some of his top people and this is a very crucial meeting for him in many ways as a. it's always good for him to show on the stage that he is still somewhat the leader of europe a role that he has tried to really take on ever since he got elected last year in the beginning it really seemed like he was the the new king of europe because he was the man with a vision and not afraid to express it but of course this only goes so far especially if you have trouble at home now his troubles at home are very different from those of i'm going to back the approval ratings of machall are connected strongly at least i'm sure i can tell us a fe

by the way of the european union. all right so one if there will be enough votes to support triggering article seven what are the consequences for hungry what do these political sanctions really mean. but we've we've we've talked about that already many times in the respective poland where they face the same article seven procedure and we do know that at the end possibly that country that faces this procedure might be stripped of its voting rights but it's a long process to get there so on isn't necessarily afraid that this will actually happen but he wants to avoid this because of what it means what it implies for his country for the reputation and also the trouble he would have to go through so we've been hearing from reliable sources that he will try to offer something behind the scenes to his own party in order to make them not to vote in favor of this article seven procedure all right so some talking behind the scenes but he was also due to actually address the parliament today what could we expect from prime min

in terms of the euro, that should start to be a tailwind for european earnings and european companies into the second half. it should be positive for technology stocks the second half of the year. headwind ona currency development over the last month. caroline: technology is an area you are interested in. where else are you looking that has value as it stands? >> as long as growth expectations seem to be reasonable, which is the case right now, the sector is going to continue to deliver above average earnings growth which is always good support for outperformance. there has already been a divergence in the sector with more software-oriented companies outperforming. semiconductor stocks have been weaker compared to the other names. we need to watch that sector closely to see if q3 was a soft r a soft patch. indicators for the eurozone point to the upside, which is certainly a positive. but that is something we need to watch closely to judge the overall technology sector. caroline: and you are liking a little bit of luxury? >> yeah, sure. the consumer or consumption demand seems to be i

we're not going to leave neither the european peoples party nor the european union for obvious reasons. we are in europe and we are the people sputnik does behind a hunger in government is probably the strongest political party with the most support coming from the people at fifty percent during the past consecutive european parliament elections so that it would be absurd to be indicating that we have no place in the european beepers body or in europe we go for it changing the rules and we go for every state what the original meaning of europe is instead of leaving you being. a round up of the new. top of the al it all but first a lot international it's time for a documentary called hot race color dawgs. it's hard to imagine decades after the war a nazi doctor was still active and rich in the nineteen seventies crittle had as the chair of its board a man convicted of mass murder and slavery at auschwitz a german company develops a little mite drug that was promoted as completely safe even during pregnancy and it turned out to have terrible side effects what has happened to my baby is a

sanctions altogether or can the european union can european countries in fact do business buy oil from iran using the euro. willie could it be they could buy any currency they want but but it's completely inaccurate to say that the r. and b. is now a global substitute for the dollar when it comes to the oil trade. what what is being discussed here is that in shanghai the chinese government has set up an oil futures trading platform in shanghai and this has garnered significant trading volume what is very important to note on this is the important part boyle suppliers are still paid in hard currency so the transaction will take place such that it will be denominated in side of china in orem be however if you're on it if saudi arabia if anybody else wants to take that money out of china they have to turn turn it into dollars euros whatever they want and so it's completely inaccurate to say the global oil suppliers can you can get paid in in an r. and b. there is the amount of r. and b. outside of china is is is virtually negligible almost zero in the grand scheme of things but most of al

>> welcome to bloomberg markets, the european open. we are live from european at -- headquarters. good morning. stocks in asia falling today as investors assess global growth. no end in sight to trade tensions. oil prices jump as a devastating hurricane heads for the american east coast. cash trade is open in 30 minutes time. anna: that u.k. and eu are expected to sign a brexit deal. theresa may faces a threat to oust her. hurricane florence advances. oil and gasoline futures jump with wti crude trading near $70 $70he as the storm heads near the east coast. the msci asia-pacific index in the midst of its longest consecutive drop since 2002. the hang seng falls deeper into bear market territory. matt: good morning. we are less than a half-hour away from the start of european trading. take a look first off that futures. it is going to be a better day here than it has been overnight for asian traders. if you are long stocks. if you are short you might not be thrilled to see these green arrows. this could change because futures trading is relatively light. trade could turn around quic

you know what this reminds many europeans of? it reminds many europeans of? it reminds them of the darkest days of europe in the 1930s and 40s. it reminds them of fascism. well, what do you say then? what do you say... ok... when you talk of all romas but only one ethnic group, the roma in italy, having to register and declare themselves to the state, naomi disegni, who is the predators —— the president of the italianjewish association, has a long memory of this, says that salvini has a weakening memory of the racist laws of years ago. did listen to that and wonder if you have gone too far? dyoo admire mussolini? i know you know your history. dyoo admire benito mussolini? but is it true that on mussolini's, the anniversary of mussolini's birthday last summer, you posted on social media, the quote, "so many enemies, so much honour," which is of course an echo of course of morsel any‘s 0wen saying, "many enemies, much honour." did you do that? but it is an interesting intellectual journey you but it is an interesting intellectualjourney you have made, bec

or ri entity european policies have been deteriorating many of the feelings of the population in many member states of europe and the money in people's pocket italy used to be did most pro european country in the union a recent opinion polls has shown more than a half of italians at da what's about to belonging to a bitterly to euro zone this is some president the result feelings are changing frustration is spreading across the country and this is a result is the victory on the general election all five stars and a leak and do you think it's really will leave the european union followed riddle's example no to toll no to toll this government will i'm sure. get closer and closer to the limits of three percent and the rules of brussels there will never overcome them i'm sure and i can predict usually italy is in the news here apart from tragedies is the refugee crisis what do you make of the fact that a country like france which of course supported the bombing of libya has closed its ports to refugees from the wars in which it was involved well it is it is not a secret that in recent tim

image over the european elections by destroying the p.p. or at least sex sectioning it in half and with this move from man to favor and the fact that they too are bent seems. that it seems that the program has lost a lot of. allies inside his political family it seems that if you're actually not going to be so easy to crack and meth was actually going to have a harder time. getting the momentum he wanted to gain insight to to gain your connections that martin so viktor orban lost a lot of his allies within the but at home he is very popular he won the elections with quite a landslide if with all these problems with the e.u. and with the uncertainty about how things will unfold in the coming weeks and months just think he will still have such a strong support i think so i think it's the same situation that we have in poland that's the way the works. whatever happens to or been right now so either it is from from the b.p. or is to say for them it's a win and also i've heard mention before a solution possible solution cutting funds for those c