Bloombergs European Headquarters in london. Out of the eurozone. Looks like the economy lost some momentum in august. A geisha of private sector growth falling to the lowest evel since 20 from 53. 2. Tion below an earlier estimate of 53. 3 according to ihs markets, largely due to a weaker rate of expansion in germany, the regions largest economy. The report coming days ahead of the ecb holding its first policy meeting after summer break. Lets check in on markets. No trading today in u. S. Or canada because of the labor day holiday. Stocks rising. Getting a boost from the jobs report on friday which came in below expert nations. September rate hike. The pound index, bloomberg pound index rose last week for the third consecutive week. May. Winning stretch since down by a basis point, basis point range for the last seven weeks. That was the last time draghi spoke. Crude oil up. Will we get a deal this month . We asked of saudi arabia and russia . That is the big question. Lets get the blo
Its a nod to the past. There is a wing that is more reluctant than the other wing it to go to war. Host we will go next to new york. Caller good morning. I am a frequent viewer but firsttime caller. My question is is the president s job to submit the use of force first off . Has he done that . Secondly, i am so sick of my representative schumer pontificating on how the republicans are holding the american citizens hostage. Arent we Holding American citizen hostage with unconstitutional law in protecting immigrants . It just befuddles me that they can use this argument. Guest let me address that piece by piece. Maybe i will start with as far as immigration i dont see the benefits extended to immigrants that are discriminated against american citizens. This is just shielding emigrants from being deported if they are willing to register. I think will be interesting to see what the statistics are on that registration. Im not sure people are going to come out of the shadows. Let me add some
I think this is the last thing we need in this situation. So why cant we stick our Heads Together and create an arrangement that will make sure that our airplanes, your ships, our military installations dont come as close to each other as has happened in recent weeks too often . And if i just may invite edward lucas to add his question, because i think his question goes exactly in the right in the same direction, if im not totally mistaken. Edward . Hes over there. Minister, a few weeks ago a plane leaving copenhagen airport on its way to warsaw came within nine seconds of collision with one of your countrys warplanes, which was flying in civilian airspace, in international airspace, with its transponders switched off. This is not something that any nato or any country could do when flying near russia. So why do your warplanes, your countrys warplanes find it necessary to fly in international airspace, which they have every right to do, but to do so with that transponder switched off,
The americans not only wage war against the gdr, but i also am of the experience that you stand up for the unity of germany and that led to my sitting here. Things take long, but i am 100 convinced that were principal will prevail in the end. If after only two months in the European Union we say one cannot see any effect on the sanctions, then i can only say that is not how you win the battle in the end. No one knew when the cold war would end at the time, but it did end. This is within our living experience. We should believe it. I am surprised at how quickly we lose courage that something may in the end come. [applause] time is nearly up. Maybe you would agree to stay a bit longer for other questions. First question will be asked by someone from estonia and someone from Human Rights Watch has been raising his hand for quite some time. Good morning madam chancellor. If diplomacy fails and the situation we are in today if you have special Operations Forces using the most latest weaponr
A diplomatic solution, no one wants to see otherwise, but if you have special Operation Forces using at the latest weaponry that require sometimes it years to learn how to use and on the ukrainian aside you have volunteers using weapons from the 1970s and the 1980s, sometimes 1960s, it is clear what the end result will be. There was a piece in the New York Times that said surrender, ukraine. I think that is the way it will go unless diplomacy fails and we say we wont arm ukraine, that is what will happen. And we have already seen the line move beyond minsk, and the question is how far . Absolutely. The question is, would it be all that different if the weapons of the Ukrainian Army were somewhat different . I have my doubts. I think one can discuss this, but i am much concerned about something quite different and i mean we will be able to convince each other out of respect of viewpoints in this initial. Of time. Let me tell you what i am most concerned about during this. Period of time