in europe full smog and find its way to the top spot an electric vehicle sold last year followed by the rendon nissan mitsubishi group well tesla came in 3rd. at the same time established automakers are introducing new models and several start ups joined the frenzy. and accidents have celie pioneer tesla's image the circumstances surrounding a fatal crash in texas have yet to be clarified influential consumer advocacy magazine consumer reports says the autopilot is dangerously flawed. chinese authorities to accuse the company of poor quality and the protests of a customer who accuses tesla's faulty brakes of causing an accident have gone believe viral on social media. let's get more from this and all this from our voice it shows the delay he tells he could live in the studio so a record a test of it for some reason there's still some disappointment around how come yes we actually have seen the stock selling off a bit and after this report and i think this just illustrates how difficult of a position tesla is really and tesla is so hyped right now their stock rose 700 percent last year t

europe is a capital-like model. the medical business in europe, it is absolutely legal in the eu, so we don't have to build these operations. we can build a centralized operation in portugal and spain, which is where we are, to distributed through europe. romaine: once you get the distribution level, you're not worried at all about impediments with regard to member states deciding they want to set their own parameters? you're certain we will have that blanket rule coming out of the eu? >> under the united nations charter, medical is legal and the eu has taken the position you can cross borders with it. there is no impediment today on medical. it can go from germany to italy to spain, to france, and to israel, so there is no impediment in europe. but i don't use, as you have heard recently, switzerland and holland announced adult use pilot programs. the reason they call it pilots is because of the u.s. charter. recreational and adult use cannabis is not yet recreational, but if you can -- if you call it a pilot, you

recovery when it comes to the stock market has been significantly more aggressive than europe, but europe is starting to play catch-up. we have been talking about the vaccine program, talking about the fiscal programs in the -- in europe. has peak pessimism in europe been reached? what is the market narrative, and will that valuation gap start to close? karen: i think that is an aspect of the story, but to me a great component is how the sectoral changes are really what is driving regional movements. the reasoning we've been making to clients is if you get the sectors rice, you're going to get your choice, given that the u.s. is much more heavily weighted towards tech and growth stocks and europe is so much more heavily weighted towards financials and value stocks. i think that is the key story of what is going on here. it is not so much about the macro. it is about this rotation we are seeing from last year's winners, which was clearly tech and online e-commerce, and those losers last year, financials, energy, industrials, and that rotation we are seeing. that's why think europe has pull

europe is in a very difficult position of trying to sort of. position itself and it needs of course investment and it needs trade ok well and we think we can i just say if we discount. what comes out the b.b.c. about syria and us stations and every nato nation really one might argue that a syrian family may be on the outskirts of it libya's going to be thinking you know we have a 70 percent extreme poverty in syria 60 percent unemployment. they reported the rebranding of isis and al-qaeda in syria to kick off another war in syria if he couldn't come too soon help from powers like china and russia and this with iran even while why are they being so-so. not trying to not being slow i mean but the fact is that the united states and europe sanctioned any effort to reconstruct syria and i mean let's be clear we're not talking about reconstructing the government all the state such we're talking about ordinary humanitarian reconstruction houses help you know with water supplies electricity is all that is being sanctioned by western states and the situ

this is day break europe. a mixed picture for stocks as investors shrug off rising inflation and focus on a global shakes campaign. jay powell joins david reubenstein today. don't miss it. jpmorgan is expected to report the strongest earnings growth in more than 10 years. it kicks off first quarter results for the backs. goldman sachs and wells fargo follow. and ton cent is said to hold off on a dollar bond offering over concerns over the distressed debt manager, huarong. manus, good morning, 66:30 in london. we are slugging off the inflation -- shrugging off the inflation, a little hotter, although it didn't send off worry snippings. what everybody was focused off was j and j suspending the shot in europe. will it be a set back in the global inoculation campaign? manus: yes. i have taken one side of the trade and you have taken the other. my fact of the day, you know what i am like with a fact. i am dangerous. calvin johnson is 4% -- johnson & johnson is 4% of what the united states needs of the 190 million s

global balance of economic power and reshipped with europe is not. acting to get control of those so as we know germany is one of the countries that impose strict pandemic restrictions the president says the health situation has led to a crisis of trust in government policies frank walter steinmeier on saturday conceded there were mistakes and urged germans to pull together even about i'm going to be given this your expectation for those in government is clear get it together let's all get together deacon patriots let's bring forth what we're made of we are not world champions in dealing with the pandemic but we're not a total failure either we are the republic of germany we doubt a lot but we're capable of a lot and it's capability not doubt that counts now of oil rigs or statements like that that you just heard from the german president signal to you that european leaders are learning from past mistakes at this point. well they do learn from past mistakes but we constantly find ourselves in a new situation because the pun demick doesn't follow a sc

leave most of europe off-limits. and prince philip, the husband of queen elizabeth for more than 70 years, has died. we are seeing a selloff in the bond market. we will come back to that story. much of the action following that very strong, hot inflation data we got out of the united states in the former ppi. alix: -- in the form of ppi. alix: exactly. in the u.s., we are focusing on that breaking news amazon. they do win over the union. they reached a majority of ballots cast, with over 1600 votes. . this could have been historic if you did have a union formed in the region. that would have been huge for the beginning of what we might see in terms of union fights against amazon, but it looks like that is not following through their. also within the markets, we are taking a look at what is happening with yields, with inflation. in terms of the overall market, we see safety still being on the back foot. you have industrials, energy all leading the way, but it is a pretty flat market overall. you're just looking at ama

growth forecast for the global economy going down here in europe. well this is a forecast that is as you said earlier very very lopsided what we're seeing essentially is china and the u.s. driving much stronger economic growth that will have some benefits for the rest of the world for europe for example which is a big trading partner of both the u.s. and china but other economies are going to be recovering much much more slowly particularly here in europe many economies are still struggling very much with the coronavirus pandemic but also poor economies as well so there will be a lot of a lot longer recoveries 1st countries here in europe and particularly in low and middle and lower and lower income areas as well but how much growth is actually driven by europe right now because the loss also. from the hope and success will that. some will find. europe is definitely behind it and it's going to continue doing so in the u.s. have already basically fully recovered from the pandemic in terms of their economy in europe is not expected to do that until th

and europe, we still think europe has got some way to run here. alix: before i let you go, really quickly, how do you wind up looking at infrastructure? if you have $1 trillion coming from the u.s., how does that configure your allocation? john: ultimately, this is additional potential boost to growth which is further carrying that. but bear in mind, this is going to take rather longer to push through than the stimulus bill that recently went through. there's a lot more on the table here in green initiatives, how it gets funded, whether it is from taxation or from other forms. that is going to take a lot more negotiation. it is one of the reasons why the market maybe is not taking this in the same way it has taken the $1.9 billion stimulus bill we saw recently. this is a slower burn negotiation. but i think what is crucial, and this implies -- this applies in europe, the corporate sector, we are seeing a very different approach to capital spending and investment generally in this cycle, and that potentially points a light on productivity having so

in europe you have yields continuing to move higher. showing you over in europe. basic resources doing well. your reopening, you will feel good about oil and copper. copper having one of its best streaks for the commodity in a while, also oil separate, best week since or early march. i want to point out where we are seeing consumer stocks. retail stocks up over 1%. l'oreal having super solid sales , rising the first quarter. let's take a look at some of the individual names. l'oreal down 2%, but sales did rise in the first quarter. demand from china with a 10% jump in organic sales. hello fresh down 2% despite the fact the first quarter saw "a massive beat." deutsche bank saying it is definitely a buy. berenberg agrees. is it a by the rumor, sell the news kind of thing. dime are up about 2% -- dime up about 2%. china a huge part of that. we will break down whether it is able to continue. matt miller spoke the automaker ceo and they talked about how the company is committing billions for its electric rush. >> the five-year plan daimler signed off on just before chr

europe it's not a laggard on stimulus that europe is not a lack art on stimulus -- europe is not a laggard on stimulus, but they have not put in as much. caroline: the ecb has been talking about listening more to the fx rates, concerns about where this is going. what are they thinking about sending pat, is particularly since fed chair powell? tom: there will be a meeting coming up in june. the first question for them, how is the recovery going? if things are moving in line with our forecast and the vaccinations are rolling out, that's going to embolden the hawks on the ecb board. even so, we think what we are going to see is the pace of ppp , pap purchases, coming back later in the year. we think the european central bank, if the recovery is in place, if there are new concerns about bond yields, they wie confident to pull tack little bit. joe: when you think germany, cars, we know the global situation with cars is not going to be resolved anytime soon, and that's the way semiconductors are hampering production. how big of a drag is that, the industrial disadvantage due to all the things we

it is a new way to conduct and world and in particularly, europe. and it makes of cyber activities , espionage activities, so using of a military intelligence, and i think that for europe, the most important danger along with the spy activity made by russia is the psychological and informational warfare. a.k.a., the attempt to influence not only the political aspects of life and institution, but the ideas of the public opinion that this is an attempt to change the perception of european citizens towards migration, towards immigration, so this is a very strong energy track because it runs in the long term and not in the short term. there is no proof activities iso influence elections. but through risk is that they can influence general opinion. >> you do not think that this will have far-reaching consequences of the relations between italy and russia, however, when you look at the russians rushing out there espionage in europe, germany, bulgaria, the netherlands -- isn't this something that could undermine cooperation between the europeans and the ru

whereas europe is way beyond the pre-pandemic highs, europe is only just getting there. so there is some steam to go. perhaps on evaluation basis, europe has got some attractiveness. but unfortunately, the road ahead is going to be really bumpy, and i think there's a lot of macro progress to be done. alix: at some point, they will be vaccinated, they will catch up, and cetera is there a best -- catch up, etc. is there a best way to play that catch up trade? seema: within europe, there are obviously going to be pockets. if you are invested anywhere in europe where you can pick out those value trades, the european banks maybe have a bit more room to go. but i think there are pockets with an emerging markets. you have to be careful because emerging markets have also been struggling in the last few weeks. similar moves with rising covid cases and a slow vaccination, and maybe some concerns from the china side that it is going to be slowing and pulling down a lot of emerging markets. so you need to find your pockets. this is where investors need to understand the real dynamic

is any investment in europe their issei transitory? -- europe dare i say transitory? [laughter] rebecca: that is your favorite word these days. there are some structural constraints around europe that are incredibly important and suggest that, to the degree we have europe outperformance -- and we have -- europe has actually modestly outperformed the u.s. since late last year despite that top-down story i just painted. but for europe to continue to do well, some of those structural constraints do need to change. it is always going to be hard to get all of those countries to agree on policy, so they will have a slower reaction function. what is more important is the fiscal constraint. central banks are running out of ammunition. europe has aged -- has its hands tied behind its back. one of the things people want to watch going into the fall is the german election. if the green party were to come to power, and i know a lot can change between now and then, but their platform is pushing for a different fiscal profile for germany and for europe. i don't know if that would b

that's get an update from here in europe. france is the latest country to record 100,000 deaths due to covid-19, a humbling moment for president macron, who refused to walk -- to lock down the country for a third time before eventually being reports to bring in more restrictions. that's get more from france. what is the current strategy now after this grim milestone for the government? >> france is the third country with the most deaths behind a u.k. and italy in europe. a national lockdown for at least the next two weeks. the situation has not really improved in the hospitals. if you look at people in intensive care units, it is close to 6000 at the moment, and we only have 10,000 beds, it is higher than the peak of the second wave and approaching the peak of the third wave. the situation is not improving. the vaccination rollout is quite slow, only 70% of the french have received -- only 17% of the french have received the shot. the economy could reopen, and two thirds of the french people do not trust president macron and

day in europe at the morneau and 45 in may. the allies had been victorious in europe. things were looking good for churchill, for harry truman, and of course the other of the big three in the alliance, joseph stalin in the soviet union. they had won the war in europe. shortly thereafter, there was an election in britain, a general election. and churchill's party lost the election. so arguably the most recognizable figure in the world, winston churchill, is denied a job. he is no longer prime minister. and he is by all accounts someone taken aback, somewhat depressed. his wife, clementine churchill, famously said to winston, winston, this is a blessing in disguise, to which winston replied, "well, it's very effectively disguised. " churchill was not in the greatest of spirits after the election loss. but it was really on the heels of that loss that he received an invitation from westminster college here at fulton, missouri, where we are broadcasting from here today. and the president of the college, a gentleman named frank mcclure, said i would like you to come and deli

in europe, summer is on. ursula von der leyen tells the new york times american tourists will be able to visit the eu if they have been fully vaccinated. warm welcome to the program. it is just gone 7:00 in london. mark, what are the markets saying to you this week? mark: good morning. traders are preoccupied by the virus tragedy in india. from markets perspective, that is not the story today. it is a softer dollar and the strength in certain metals and agricultural prices. anna: plenty to focus on. just under an hour away from the start of the cash equities trade. let's have a look at where the futures are positioning. when it comes to the virus and india in particular, but in terms of the markets, worth remembering how strong things were during friday's session in the united states. european futures not really reflecting much of that. european equity markets fairly flat. u.s. equity market futures fairly mixed. nasdaq futures a little weaker. fairly flat. that is after we saw a 1.4 gain on the nasdaq. small

want to have industry in europe we need to catch up. there's a lot of catching up to do you factories for the current generation of lithium ion batteries are being built in sweden and germany but europe makes just 3 percent of car batteries globally while asia led by china japan and south korea produces 85 percent to change that europe needs to find a battery that provides greater mileage charges faster and relies less on the damaging effect of mining from mineral such as cobalt the problem with the fact is today they don't hold enough energy in their container we want to make it back to something future and we need to understand what's going on really the fundamental to mystic level that could be the ace up europe sleeve the world's most powerful neutron source a kind of x. ray for atoms is also nearing completion in sweden in time to join the hunt for a new car battery a breakthrough will be needed to stop asia putting the rest of the world in its rear view mirror for good paul aris al-jazeera gothenburg sweden. and that's our show fo

consider europe and value in europe as that comes back online. that is how we would approach the correlations you are describing. kailey: i want to take a little bit of a pivot here and go to one of our other top stories this week, earnings season. we talk a lot about stocks being priced to perfection, but a lot of the good news already being priced in. what kind of catalyst to you think corporate results will be for some of these mega caps? mark: on the s&p 500, we are looking for monster growth, 31 percent eps growth this year. so that kind of outlook i think bodes well for the overall indices, but again, i think we would want to look below the hood of the major indices and play more on what hasn't really caught up yet. it is true that, say, now you and small caps encyclicals have had a good six months with this pause, but on a more medium-term view, this 10 year lower for longer has really left a lot of room to catch up still. guy: in terms of what you're looking for from the earnings, it does seem as if equities are slightly lacking a narrati

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frances: europe has -- sam: europe has already decided it is have to use the astrazeneca vaccine in people 55 to 60, so the j&j vaccine can be used for that purpose if the side effects end up being similar. it is in the younger population where we need the mrna vaccines, and in that setting, i think the orders they've got with pfizer/biontech and moderna can probably get us there in the european union and in the u.k.. we will just have to wait and see how that pans out. but i think it might slow the rollout down a little bit as opposed to really hamper it. alix: what is take up right now? there was a lot of vaccine hesitancy. our people now actually getting vaccinated with speed in europe? sam:sam: it seems to me that in the u.k., it appears that people are not that worried about the astrazeneca shot. i think everyone today or yesterday tasted a little bit of freedom backing in because they have been locked down for four months. i think it is a relatively low risk, very low risk. in the european union, some countries have really high vaccine hesitancy anyway, that is coming through. i am h

one of europe's largest ets providers. taiwan semiconductor is planning to send $100 billion over the next three years to grow its chip capacity. tsmc is the world's leading manufacturer of advanced semiconductors. it was already planning record expenditure but is now pushing for even more. it says it is working with customers to overcome a deluge of demand. giving young investment bankers a $10,000 allowance for 2021. it is also encouraging staff to take time for themselves on friday nights and until saturday at noon. sources tell us they want the money to be used on improving mental health. i think ken mullis -- moelis mentioned only one saturday a month and not in the middle of a deal. anna: thank you very much. let's talk about listing. deliveroo had a dismal trading debut as london abandoned the startup criticized for its labor practices and corporate governance. the ipo was meant to be a triumph. in the push to move tech firms away from new york. how does london up its attractiveness as a place to list? we are joined

if you look at europe and the u.s. on a basic level, the treasury spread, we went into march around 16-205 basis points -- 160-205 basis points. with the vaccine rollouts, and in europe the third wave slowing down potential growth, you could argue for u.s. exceptionalism but the global data should continue to be good. we see a lag in the china impetus, and they were first out of the covid side of things. it was holding up global growth at the back end of last year. you see stocks underperform there. the activity is starting to pick up. we think as we go into the summer we will see economies reopening as vaccines start working. that global growth impetus will spill over to the rest of the world and not be such a u.s. centric story. annmarie: mitesh parikh, founder and cio, matador investment management stays with us this morning. we are getting a number of credit suisse headlines. the latest headline, they see the first quarter pretax loss including a charge of 4.4 billion swiss francs. laura: officials from iran and th

we need the vaccines and the problem is it was a political initially we many people in europe didn't accept the russian vaccine and spotlight is a good vaccine and yet they were coming out and saying well this is not what we want let's look at the european and i'll turn of this and you see here the problem is the politicians have fields to cover the nations with adequate back seeing dozes and this is the problem we have we don't have enough vaccines and if you see what she right now is that we're going back and asking russia for school next we should have done that much much earlier we need all the players all the players on the table and that includes the sputnik 16 which has excellent data out there as has pfizer and as has their not so we should have known that much earlier in order to be able to provide our nationals with adequate vaccine does it is it and now we are paying for those political shortcomings with human lives. this is all things still to come the brazilian president doubles down on his resistance to lock downs despite soaring covert deaths we hear a bleak assessment

long before anybody had ever heard of covert 19 what it does though is it sets a precedent in one of europe's highest courts in relation to compulsory vaccinations and we are in the middle of the world's largest global vaccination program ever this particular case it will it goes well back quite a few years 1st time it appeared in the european court of human rights was in 2013 and already been going through the court systems in the czech republic for a long time before that the complaint was brought by families in the czech republic who'd either being fined or their children had been refused entry to early years education kindergartens and nursery schools because they hadn't been vaccinated by their parents and their parents refused to have them vaccinated what the court ruled on thursday was that this was not a breach the finding of those parents on the floor of the compulsory vaccination program in the czech republic was not a breach of the european convention on human rights particularly when it came to article 8 which deals with respect for private life what the court ruled was that vacci

which might have even limitations in europe but still it would want not to harp on their differences but we were too hard on commonalities and i'm sure there are many and the we have in the past build upon it and you can do it again there was an incident in 2007 that that was a danish newspaper move forward on that there were protests and everything so i think he let the government speak and let it be discussed that that would be indicative of the sentiment in pakistan for our friends brought and maybe be very useful in how to move forward or to home affairs of pakistan's ambassador to germany thank you so much for joining us. i may hear from thank you are going to die me from the dovish i joins me on the line now for more ambassador faisal they're talking of finding common ground with europe is the concern in pakistan that europe is disregarding muslims feelings on perceived insults to prophet moment . well the embassador has a very difficult job i mean his main role is to protect pakistan's interest and paint a positive image of pakistan unfortunately the situation on the ground do

in the allied forces in europe. he was touring the newly liberated or drift concentration camp nearby after that tour eisenhower to the pentagon and wrote about how important he felt. it was to document nazi crimes to make sure that no one could ever deny what had happened. so scott was really among the first americans to document holocaust atrocities. historians and anybody who wants to study in commemorate the holocaust. oh him and the other liberators a debt of gratitude for recording what they saw the long-lasting impact of his efforts demonstrate the power of a person's action. he was documenting the history of the holocaust armed with just his camera. and for those who are interested learning more about this subject, we did a program just last month as part of black history month about african-american soldiers who served in the us military and about what they saw and also about the ways that their own experience of even violent racial discrimination shaped their reaction to seeing crimes in europe. we have ju

really feeling it here in europe. a massive impact, and you are starting to see the effect of what is happening in india and elsewhere start to get price back into developed markets as well. let's turn to politics. in germany, armin laschet secures the nomination to angela merkel's cdu. markus soeder, the leader of the smaller sister party, conceded earlier today. >> armin laschet will be the chancellor candidate for the union. guy: let's talk about the implications of this. benjamin schaefer joining us now from -- daniel schaefer joining us now from frankfurt. i am looking at the polling numbers and wondering how big a risk the union is running on opting for him as their candidates going forward. how big a challenge is the union going to face? daniel: this is definitely a big risk they are taking here. by deciding on laschet, who is the much less popular candidate compared to soeder, they are taking a risk in the sense that he will have to play a lot of catch-up in terms of his own popularity, but also in terms of th

yes there is high level of awareness of what the jury you is doing to europe. nato on a lease cold i agree war for our non lead in our war for so it's a new way to conduct in the love relationship between russia and the rest of the warp in particularly europe indies and in makes all of us cyber activities spot you're not d.v.d.'s or use of or media that indonesia's not media that intelligence and they think that for you we're open. the most important they jerk. along we've disses by act spies activities made by russia east. psychological and information not war for a camp to even through ends not only the. poor legal aspect of life and these you do sure but the i.e. yes of the bubbly gobin you want this is enough to change the better sept of your opinions he sent towards senate they mean those shit like migration like in degrees like relational we but nato u.s. and russia so this is a very strong trend to because eat run in the long they're not in the short or there is a lot groove that these kind of octave eady e's easy able to even for once elections are righ

came after the close for europe. europe needs to catch up a little bit. doesn't need to sell off all that much. it's a u.s. tax story. if it has an impact on the global growth outlook, it has read across. navy that is limited and that's what the asian session tells us. this is the picture for the u.s.. the u.s. equity market, we see futures pointing to the upside. perhaps that is done and tough -- dusted in the short term. that won't have surprised everybody. what do you see in the gmm? mark: on the gmm, we have two key themes. probably the most exciting as the broad commodity strength again. particularly agricultural prices. we are just seeing across the board, strengthen food prices and agricultural prices again. the other thing to draw attention to on the gmm page is the fact that chinese equities are finishing the week very strongly again. it has been a very good week for chinese equities. i gotta compete wrong. i thought this was going to be the week the chinese equities broke lower. they have performed very well. there's a number of factors. the pbo

who is doing best within europe? what is the best practices europe has learned? scott: i think, in terms of skepticism, we are seeing a lot of skepticism from france. at the same time, we are seeing a lot of improved vaccine rollouts from germany. i think those are the two big countries we are looking at. overall, i do believe the general trend is the bombs and the roads get addressed -- bumps in the road get addressed, and the big question is uptake. in france, that is certainly the biggest negative -- a lot of the polling on vaccine skepticism is concerning, and that is not just for astrazeneca and johnson & johnson. i think there is an issue where you have these very rare issues, in some vaccines, where it does spill off into the general population, the general willingness to get any of the vaccines, and that is something we will have to watch. i'm not sure where it will land but it will be a big question. even in the u.s., where we will see demand start to slip and it will be a challenge getting -- pushing close to the 60% or 70% of the population vaccination

it is day break europe. europe. annmarie: good morning. this is day borowiecki europe. i am abby annmarie in europe, and manus cranny in dubai. india is receiving more than $100 million in support from the united states as it battles its second wave of coronavirus. the country is now the pandemic epicenter and is likely to continue seeing a record number of cases. aid will arrive tied. here is our reporter in new delhi. thank for you that fantastic piece. i saw you. that was truly remarkable. gives you a sense right now off the situation on the ground and how the aid is going to make a difference? >> hospitals in delly continue to be overwhelmed. they are in need of oxygen, i.c.u. beds, ventilator beds. the hospital i was in, which is a major private hospital treating covid patients here had simile run out of beds even after expanding its emergency department as much as it could. they were turning people away. one guy we spoke to had driven over 300 kilometers with his critically ill uncle in the car with four oxygen cylinders emmerton had been to six hospitals, and he

this is daybreak: europe. stocks trade near record levels as dovish comments from jay powell boosts sentiment. u.s. vaccination drives pickup pace. 20 million doses of astrazeneca. and hedge funds family offices amid the archegos blow. happy friday. the s&p 500 pushing above the 4000 level. that is our mliv conversation of the day. how far can this stock rally go? look across some of the asia-pacific indices. chinese equities down. there were two inflation beats out of china having a negative impact on trade. we are going to have a weekly drop when you look at the oil market. the saudi oil minister saying we could be nimble with supply. and we do have the u.s. 10-year gilts at 1.6%. we have a resumption of issuance starting next week. the biggest drive for where rates will go is the fed which yesterday maintained its commitment to a dovish policy stance. dovish tone continued from jay powell. he played down the risk of inflation and pledged to get the u.s. back to a great economy. he also invoked a homeless en

negroponte was a global fellow at the wilson centers global europe program. where she focuses on the uk's global role in following following its departure from the eu. her focus derives from her i'm at the european commission and her leadership of the conservative parties international office in the 1970s. with belgian and british parents, she was involved in british politics and relations with the europe until her to a us diplomat. at the wilson center. she has been researching a diplomatic history of the last years of the cold war focused on the role of secretary of state james r baker the product of which her new book will be discussing today. published in december 2020 her book i'll hold it up for everyone to see. focuses on the unification of germany and the strength of us alliances to repel saddam hussein from kuwait and to bring both israel and palestinian leaders to negotiate directly. congratulations diana wonderful to finally see this in print having been your neighbor and colleague at the wilson center and engaged in many wonderful discussions on t

that is what we're seeing _ across europe? that is what we're seeing after _ across europe? that is what we're seeing after wave - across europe? that is what| we're seeing after wave one, across europe? that is what - we're seeing after wave one, of course we cannot be completely sure the same is to happen. but for the uk, i sure the same is to happen. but forthe uk, i have sure the same is to happen. but for the uk, i have the same expectations.— for the uk, i have the same ex - ectations. ~ ., expectations. ok. we will leave it there. patrick _ expectations. ok. we will leave it there. patrick hooykas, - expectations. ok. we will leave it there. patrick hooykas, best| it there. patrick hooykas, best of luck for the reopening on monday. of luck for the reopening on monda . ., ~' ,, , of luck for the reopening on monda . ., ~ , . gyms in england will also be able to reopen after months of enforced shutdown. we'll be speaking to the boss of one of the biggest chains in a few minutes' time. but first, let's talk tax, shall could a global deal on corporate taxes finally be o

to secure the nuclear defense of its allies in europe and asia. as the credibility of alliance guarantees are questioned, this issue of whether or not the country should defend themselves by requiring their own national capabilities or look for other nuclear guarantees from other countries than the united states was coming to the fore. that is why we put together a task force. we at the chicago council, as fred said, was cochaired by secretary hagel, prime minister rudd, secretary malcolm rifkin. we had four an defense and foreign ministers, not just from europe, but also from asia. we very deliberately looked at this problem not as a nato problem or east asia problem, but as an allied problem of the u.s.. we described the problems in the report, the growing threats allies faced and are convinced we need to redouble the guarantee of the u.s. to its allies and spend as much time thinking about, how do you reassure allies as you think about how to deter adversaries? the reality is, it is often much more difficult to reassure allies because they have

europe is still on lockdown. manus: that is the point you made, which is that europe is in lockdown, india is the eye of the storm. you said india is the manufacturing hub of the world for the vaccine. what i find interesting from narendra modi, the prime minister, is that he has taken a lot of political flack and i will not have an opinion on that but what he did they was to everything but do not shut down and i think that is the rub of the issue. do everything to avoid a shut, push on with the vaccine. annmarie: a really good point coming from mark cudmore this morning is that you are seeing in india the covid cases surge in the city and then potentially what he sees happening, a lot of those people want to migrate back to their communities outside the big cities. this is what we sow this time last year happen. i know so many anecdotes of this happening in italy where you had all these workers going back to their families and infecting people that potentially would not be exposed and for him, that is a big risk

know you're of dense to be in a region where influence is very high and as a region scooped up europe for good for regulation. and that's why it's so important that europe keeps the regulation which is scientific which is the other bays in which as much as possible. decides results being influenced by. i would. by noise or by just emotions and fear. when science meets values and it's becoming complicated we come with science with evidence we do scientific process of risk assessment but then this evidence is given on another stage on the policy level where our beliefs emotions values come in and what we see is if politicians don't like the outcome of our risk assessment . they don't question their belief they question the validity of the process so basically if it's a comes with an opinion let's say on the only continue it's. politicians love if so. wonderful have so you're protecting the peace you're doing the right thing really good work than have so we all applaud to you and if the same process with the same people with the same scrutiny comes with a conclusion let's say young. peop

and in europe. mark: that come tradition between yield forecasts and were equity markets are pricing, i hear you. are investors pricing in the idea that with higher inflation, we will still see slightly negative or yields? as long as inflation doesn't run away, it will justify higher equity prices. does that middle path work for you or is it not viable? henrik: i'm actually pretty bullish on things for the rest of the year. during every year, there's a time when risk sentiment sours. that will happen this year as well. the trick is forecasting when that's going to be. the risk that people are keeping an ion is losing control of inflation. we are not that worried about that. we think that central banks are going to tolerate an elevated level of inflation for some time before they start tightening. the downside will really come once tapering hits the market, similar to the taper tantrum of a few years ago. central banks are still perceived to be such an important factor in the valuations of all financ

and have batteries for world travel europe's auto industry attempts to stay relevant. as the death toll from the pandemic inch towards 300000 present jailable so narrow told brazilians to stop whining and move on his tone towards the pandemic has been dismissive since the outbreak with brazil recording the 2nd highest death toll after the united states ever the populist and with criticism of bankers and billionaires ringing in his ears also narrow appeared to be more conciliatory pledging to speed up vaccinations or a tall order for a country that has failed to buy vaccines in significant numbers criticized supply china and is only managed to vaccinate 6 percent of the population with the health system a breaking point and on its 4th health ministers since the crisis began the prognosis for the economy looks bleak brazil's economy has contracted 4 point one percent in 2020 the most since $990.00 in the final 3 months of 2020 the economy grew though 3.2 percent that was thanks to a $56000000000.00 cash transfer to millions of poor families that sent debt hurtling toward