a new dog but an old-school pr position from macron. following in a long tradition of presidential pup. -- had a dog. and francois hollande had a dog. wasmy favorite dog name bearnaise dog. anchor: thank you. that was a roundup of what was making headlines. you can find more information on our website. more news and weather and headlines coming up in just a moment. ♪ >> across africa. presented. >> from north and south africa and to mogadishu. ringing you all of the announcer: this is a production of china central television america.a. may:y: the idea of giving back s nothing new, but we're seeing more and more companies embracing that concept, especially since consumers are making more ethical decisions. there's a growing demand for businesses to produce products and services that are rooted in doing good in the world. this week on "full frame," we meet some trailblazers in the fashion industry who are creating wearable items that n change t the world. i'm may lee inin los angeleslelet's s te it " "full frame."."

so, how's emmanuel macron getting on? mark urban reports from macron's home town of amiens. amiens cathedral gets the treatment on summer's evenings with bright colour projected onto its 13th century facade. the place regains its original appearance to the amazement of locals and visitors alike. this is macron's city, both his birthplace and the cradle of his bon marche movement which now seeks to restore the fortunes of france. after an extraordinary campaign, in which an entirely new political colour scheme was deployed, president macron must now deliver. and there are already voices in france who doubt his ability to do so. france who doubt his ability to do so. in particular, recent polls showed macron performing poorly in the pantheon of previous presidents. translation: we measure the approval rating of every french president since 1958, and it is with one exception the biggest fall in the summer exception the biggest fall in the summer ofa exception the biggest fall in the summer of a first presidential term. the previous full of outsized was that of chirac in 1995. f

gaetan: macron supports young entrepreneurs. in school, i always got the impression i was expected to just find a job and subordinate myself to some boss. but macron has said, don't look for a job, look for customers. reporter: they've already found their first customers on the ground, although their business isn't posting a profit yet. so far, the three have had to do almost everything themselves -- they can't afford to hire more than one employee. gaetan: social security contributions and taxes are extremely high. i have to pay so much that when we earn 10,000 euros, only 3000 are actually left over at the end of the month. reporter: hiring staff to service sneakers is expensive. plus, getting into a conflict with employees can seriously harm a small business operation. french labor laws are very employee-friendly, and make it almost impossible to fire them. butcher sacha milo, for example, has lost several court cases against employees. now, he's much more careful. sacha: it's as if you're married to them. it's hard to break

as emmanuel macron promised to regulate the system. i w wl carry out a reform o of posted workers to make sure there is no unfair competition in europe. >> macron wants to cap the maximum work time to one year. he wants to impose a fair salary , and the further crackdowns on fraud. some labor experts accuse france and other wealthy you member states of being afraid of competition from high skilled low-wage east european workers. eu nations are set to debate the new rules in the fall but poland has already threatened to retaliate if the system changes. >> looking for more protection for french workers, and yet, the french economy is doing better than in quite some time. >> the manufacturing sector in france, and in the eurozone expanded at the fastest pace in more than six years in august. according to a new survey, the purchasing managers index rose france, this month in 57 .4 presents for the single currency bloc, both beating expectations. the index provides a good early gauge of the economy. positive economic data, trading on the eu

>> i think the problem is that people are questioning whether the vote that was so strong for macron in may was actually really a positive vote for him and an affirmative vote for president macron or more an outright rejection of the populous candidates against whom he stood it's come into question whether he has that much popular support behind him there's ban feen a few moves hes made that were seen as a main measure, hitting the poorest also the amount of money he spent on his makeup, 23,000 euro in three months was seen as a complete waste of money. there's a couple of small things like that which are seen as signs that he favors the wealthy rather than the poor so there's a growing sentiment amongst some levels of the population that they've been forgotten entirely and they can't resonate at all with president macron. that said, there's a lot of businesses who are enthusiastic about potential for real labor reform coming. so we'll see tomorrow whether wla com that will come out >> thank you very much >>> the russian central bank has intervened to save otkrite from collapse it's

i think there were two steps 100 days oft emmanuel macron. the first step was the first month which was a kind of .riumphal march he succeeded in regaining the -- he is a good president in these times. step since onet small there is a lot of or big mistakes and today we are in the step of macron bashing. it's a very difficult situation because his level of popularity is the lowest one since the beginning. it shows that it's a very difficult situation for emmanuel macron. focus on our other top story now, the exchange of threats between the united states and north korea. donald trump warned he would use "fire and fury world has never seen" if threats continue against the u.s. north korea went on to say it was planning to attack the u.s. territory of guam. have mastered a crucial technology needed to strike the united states with a nuclear missile. and dangerous game of verbal tit-for-tat between donald trump and kym johnson as both leaders trade explosive threats to launch military strikes. pyongyang says it is looking at plans to target guam.

it was the forefront of macron's campaign. he had an even more convincing win in terms of getting the vast majority in the parliament. also working in their favor is the fact that during the weeks of negotiations, a majority of unions on the side even though were somewhat reluctant. this kind of thing has proved problematic for french politicians to through labor reforms. took tohe major unions the streets as is the left -- the government is not out of the woods yet. olivia: thank you very much, chris. for another perspective on those thes i've been speaking to fostering growth foundation and i asked as a member of the business community if these forms -- reforms go far enough? >> it's the first time someone has the guts to do something in france. difficult to reform these labor laws in negotiations, but for a first time we are doing something. in terms of communication, they will realize that somehow you can change the world without having one million people going down into the streets protesting , so it is good for everyone.

gaetan: macron supports young entrepreneurs. in school, i always gogot the impression i was expected to justst find a job anand suborde myself to some boss.s. but macron h has said, don't lk for r a job, look for customer. reporter: they've already found their first customers on the ground, although their business isn't posting a profit yet. so far, the three have had to do almost everything themselves -- they can't afford to hire re ththan one employee. gaetan: social security contributions and taxes are extremely high. i have to pay so much that when we earn 10,00000 euros, only 30 are actually left over at the end of the month. reporter: hiring staff to service sneakers is expensive. plus, getting into a conflict with employees can seriously harm a small business operation. french labor laws are very employeeee-friendly, and make t almost impossible to fire them. butcher sacha milo, for example, has lost several court cases against employees. now, he's much morore careful. sacha: it's as if you're married to them.m. it's hard

we have emmanuel macron's plan for shaking up french labour laws. one of the core ideas is to make it easierfor companies to hire and fire staff. here's the french prime minister with more detail. translation: our goal is simple - it aims atjob creation by giving more security and visibility to entrepreneurs in their attempts to hire, and more guarantees to employees. he says the goal is simple, but getting labour reform through entrance is difficult. it is like health care in the us — many people talk about it, some try, but few make progress. the pressure is certainly on. if you look at what has happened to his popularity, what he achieved in the elections was quite extraordinary. in june, he achieved in the elections was quite extraordinary. injune, he had ratings of 64%, in august, 40%, a hugejump. ratings of 64%, in august, 40%, a huge jump. this is ratings of 64%, in august, 40%, a hugejump. this is from a french pole. at all of that august is followed by september, and that is the time of the year when the french like to protest most years,

can do you doubt macron? >> i don't doubt him but i agree that hopes at the beginning art too much is -- too much. from the market perspective we did not really expect france to be transformed within the first 100 days. therells have suggested is going to be drastic change quite quickly. i think that is part of the disappointment. i think there will be incremental change. always in politics it will be incremental and it will ultimately disappoint some. with regard to the market perspective, european markets have come off. >> i got that in before you corrected me. >> there are two sides to the story. one side is disappointment in micron. less of reforms coming through and less quickly than we had hoped for. part of it is also that the french equity market and the german equity market tend to be the most negatively correlated with europe. with the euro strength you have the french equity market. how much of it really is -- in the u.s. you see donald trump comes into the white house with a republican majority in

there's a new president, emmanuel macron, he's pro europe, liberal, and anti—populist. he's the envy of many remainers here, who wish we had one like that. perhaps the biggest question for europe right now is whether he's a success. will he revitalise the radical centre ground of politics, in a way that other countries then want to follow? so how's he getting on? well, he came to power in may, just as our election became exciting and while he has been settling into hisjob, we have taken our eyes off france. but we can rectify that now, mark urban reports from macron‘s home town of amiens. amiens cathedral gets the son et lumiere treatment on summer's evenings. bright colour projected onto its 13th century facade. the place regains its original appearance, to the amazement of locals and visitors alike. this is emmanuel macron‘s city, both his birthplace and the cradle of his en marche movement. which now seeks to restore the fortunes of france. after an extraordinary campaign, in which an entirely new political colour scheme was deployed, president macron must now de

macron in france. reporter: his approval ratings are in freefall, but emmanuel macron wants to try what no other french leader has managed, to reform the rigid labor laws. his measures include curbing the role of trade unions, limiting unfair dismissal payouts, and allowing bosses to negotiate more working terms and conditions strictly with staff. you can imagine the reaction from unions. >> trade unions had held out hope you might be able to quash the labor market reform, but the new law today makes i it easiero dismiss employees. it endss thehe 35-hour work week cap. smaller businesses will be able to operate more freely. >> [speaking french] >> [translator] for the first time, t they are givining prioiy to small and medium-sized enterprises. we're putting it to companies to adapt to conditions on the ground as they see fit. we are giving new rights and protection to employees in a changiging m market. reporter: the labor market reform is the first major piece of economic reform to be implemented und

mr macron is not the first french president to attempt this kind of reform. the last time it was tried, a year ago, this was the response. only the hard—line cgt union has so far called for a strike again, but others say the door is still open if the reforms don't add up. as the economy is improving, it doesn't give real sense to those reforms. if in fact it's only a matter of asking all people to tighten their belts, when at the same time the economy is improving, of course people wouldn't understand what is going on. the gloss is coming off france's new pro—business president. in the months since his election a sharp fall in approval among voters has exposed the tensions over his reforms. as president, emmanuel macron wanted to remain aloof, above the fray of daily politics. but embodying the wishes of voters from both left and right is becoming harder as his campaign vision gives way to concrete choices between reforms that please business, or protections that pacify his left—wing support. lucy williamson, bbc news, paris. the ancient religious cult

day -- macron. how big of a day is today? derek: this is an important starting point in terms of where we need to go. we're looking at the data and we flows, harassed and unhedged. the -- hedged and unhedged. investors are definitely priced for something meaningful to change in france. today is the starting point. his honeymoon period did last too long. he still has a very strong mandate. when we look at recent political history and france, there hasn't been a better up at -- in france, there hasn't been a better opportunity for something more meaningful to happen that i think could have real implications over the longer term for europe. in terms of european assets, you can see it very clearly, european equities have started to stutter because we are starting to see euro strength beginning to eat away at that story. the french government, the single currency is going to have an effect in terms of performance. if the euro continues to go from strength to strength, we are bullet -- we are a bit below

backing macron. the french president macron is delivering on later reform despite a drop in the polls. this is what we need for the business, for the economic recovery. ♪ you are welcome to "bloomberg daybreak: europe." in00 and 8one germany. yesterday was a fascinating session. we saw steep losses and we saw a rally in the u.s. session later on in the day as the markets tried to put more perspective, tried to react more called like to what they heard from north korea. we saw that move away from risk aversion in the u.s. session and that is slightly evident in asia. look at the have a risk radar. firing was said the guam.empt to control trump's calibrated response is a reassurance according to uni bank. that is the session -- in asia. technology is better. there seems to be this monetary sigh of relief. the australian prime minister let's keepsaying talking. there is a shift in the ground to a discussion rather than aggression. anna: that seems to be the way markets are interpreting it. this is the

emmanuel macron is a former banker. is he the right president at the right time for france? well, first, thank you very much for inviting me. i think, yes, absolutely. for the first time for many years, we have a president who was elected with a clear political programme for deep economic reforms, and he has a clear mandate to make difficult reforms in the labour market, in the tax regime, to have something much more business friendly, and this is going to take place quite rapidly. so, i think that comes exactly at the right moment, because we are now, in europe in general, in the eurozone, in particular, leaving completely the negative consequences of the crisis. growth is picking up, and i think it is the appropriate time to raise the growth potential and try to size the benefits of a full recovery. we will talk about the reforms in france presently, butjust underscoring the approach, the intention to make france more competitive, is that so it can compete, for instance, in trying to pick up some of the business from the city of london post—brexit. why is paris best plac

one reason could be that macron might actually make it happen. we don't expect too big of a crucialut minor changes. one of which would be the freedom to set the contract term between an employee and employer. weekthe end of the 35-hour and the end of the need for union representatives. should be the unions worried to say the least. francine: this comes at a time where has personal popularity has plummeted since he was elected. does this have anything to do with reforms or is it as expected that he could never continue staying that high? >> the reform is part of it. he was elected against a far .ight candidate he did get the majority of voters, but not so many of the people were actually in favor of his program. he knew that to make france great again it would have sacrifices and they already had a summer recess. it cuts in public spending and notably, the army funding. tax on big companies looming up and the labour reform. .eople are bracing as soon as the labor reforms will be in place, the unions have already planned protests. david: how impor

in france macron lays out his plan. he wants to make it easier to negotiate working conditions and pay and limit compensation for severance. labor unions are opposed and called for protests next month. global news 24 hours a day powered by more than 2,700 journalists and analysts in more than 120 countries. i'm taylor rigs, this is bloomberg. francine and tom? tom: thanks again. the reminder of explosion that the arkema plant outside houston seems to be in control as the company says they're letting the fires burn out at this time. right now we look at the firestorm that will be the discussion on tax reform. the president splashed in missouri yesterday and with us and slie to provide wisdom timothy graf of global markets as well. the president went out and does what he does so well and then there has to be a legislative follow-up, do you have a clue what the plan will be? leslie: i don't know we know what the plan will be. he's short on details and said for a long time he'll bring corporate taxes down to 15% and reduce

macron was elected to push through labor reforms. now is the time to do it. >> the 50-year-old ran a small business and she wants the reforms to inject more flexibility into the hiring process. >> it's easier to get married when you know you can get divorced, or in this case hire someone as necessary. for others it's about the quality of the recruitment will. he says he finds it difficult to >> i needtent staff. to hire machine operators and two operators and i can't find any. today there is a complete disconnect between the unemployed and the type of training they get and the industrial abilities we are looking for. for me, developing apprenticeships is primordial. >> they will have to wait until thursday, when emmanuel macron presents parliamentary changes, creating puce -- fierce opposition by unions and left-wing parties. for more on that, let's check in with carol. with men.een speaking what is his expectation? >> above all, he says freedom for company owners. areas, negotiating directly with staff members rather than referring

macron. they know what we have to do. i think they understand what the country needs and i think it is going to go ok. french say3% of the they have no confidence in macron delivering this reform. we've seen the popularity going down more than 20 points over the summer. do you not agree with it? >> know, because i think if you it isls every two weeks, not really important. the really important thing will be the real measures, the impact on the economy. we will see a decrease of the unemployment. we will see an increase of the gdp. off if theare better economy is better. i think that people will forget all that. caroline: provided that this reform passes without major strikes, are you going to renegotiate some agreements? >> it is too early. we don't even know what the measures will be. we will see. francine: that was caroline connan speaking with the l'oreal ceo in versailles. we are back with martin lueck, chief investment strategist at blackrock. we were hearing from junkball. how dangerous is it for these exporters? do

today marks 100 days in office for president emmanuel macron. manus: it is part of a plan to laborup the country's laws to reinvigorate the economy. joining us now we have our guest from paris. we had a guest this morning suggesting that mac run campaigns in poetry and governed in prose. macron is finding that is not going to work in france. does he have a reality check? guest: it certainly is a reality check. the overall record is mixed and the one slightly objective measure we have is the polls. macron since late june has been sliding in the polls and it leave but he is below the level that france will francois hollande was. there has been a few quirks and there have been doubts among some in the french population as to the direction of this government. we will see what happens next. anna: why does it had from here? -- where does it had from here? that could be one of the things that how government how things look in the fall. mark: that labor market reform which is almost true now, the labor market reform and the budget cuts which will be com

his supporters say that madam macron could be an important base for the emmanuel macron show. —— face. three brazilian footballers who survived a plane crash that killed the rest of their team—mates have taken part in an emotional friendly against barcelona. 19 of chapecoense's players died when their plane crashed in colombia last year. the club were at the nou camp stadium last night for barcelona's annual invitation game where they unveil their squad for the new season. greg dawson reports. barcelona may be a team of global superstars, but on this night, they we re superstars, but on this night, they were humbled by three men. their reappearance on a football pitch outweighed any sporting achievement. before the start, a moment to remember theirfriends before the start, a moment to remember their friends who did not make it. the goalkeeper lost part of his leg in the crash, and he was still asked to kick off the match, before being applauded off the field. 19 of shabby truancy‘s players were killed, along with more than 50 others, when their plane crashed in colombia. —— ch

cap macron succeed where other european leaders have failed -- can macron succeed where other european leaders failed? this is bloomberg. ♪ matt: welcome back to "daybreak: europe." here. friday five -- 7:45 about one of bank of japan's governor -- bond yields its ever-present, the regular purchases. critics say the program is not sustainable and must be modified . in an interview, kuroda told kathleen hays that yield curve control is working well. control, welled introduced last september has been working quite well. rates inide interest europe and the united states, japanese interest rate has been .ery flat around 0% control has been well. second point, of course, the major channel of monetary easing lower interestgh rates. targety -- quantitative ago.troduced as qe4 years we are starting to reach adduce -- to reduce interest rates substantially. after four years of our experience, we found that it may be better to directly target long-term interest rates instead of excessunt purchase. stick to the target. -- now the signal coming out clearly from the board and more important he th

macron is open to make that change. >> he is one step closer in his push for eu reform. of austria,leaders slid back yet czech republic. emmanuel macron found support for his plan to change the system of so-called posted workers. of social andn salary dumping is an important one in europe. it is a challenge that must be met. companies are allowed to send workers to other eu member states without paying local social charges. france and austria say the current rules mean workers in prosperous countries are undercut by cheaper labor. wants the job duration for posted workers to be limited to 12 months. half the current allowance. down on fraud. introducing tougher sanctions for those who abuse the system. the french president hopes to seal a deal at the summit in brussels this october. genuineour of us have a desire to find a compromise in october and a genuine consensus on an overhaul of the posted workers. >> macron still needs to convince opponents to the countries that benefit the most from the current system. they see the proposed changes go too far. genie: french icon

still to come, macron's migration summit. what was agreed at the end of a meeting of african leaders yesterday. that conversation next. this is bloomberg. ♪ ♪ welcome back, let's look at what is happening in europe. france, germany, italy and spain have agreed to spend migration across the mediterranean. they met with libya and niger during the talks. workountries would together to boost the fight against people smuggling networks according to macron. say this to short-term action plan we have immediate,he most efficient answer to what we have been witnessing the past few months, which is intolerable. the fact is, certain groups of traffickers, human smugglers, drug smugglers and groups linked to terrorism have turned africa into a cemetery and the sea into a sanction -- cemetery are the ones linked to guy: terrorism. france, the estimates pretty in line. july consumer spending, rising 2.1 versus a year ago. starting to get some decent data coming through from france. a monthumer spending ago is up by .7. let's get back t

is the numbere one priority for macron. he has to get the budget deficit down, show some key domestic legislative victories. we all know what is coming, the labor reforms they will try to pursue in early september. there are protests scheduled for the 12. it is scheduled to go through on the 20th is my understanding. plan, officially in the fourth quarter, you could absolutely have berlin be very impressed by what they see. what are the risks that macron has to work with a different government out of berlin after september? is that on your radar at all or is this election come to be a confirmation for angela merkel? guest: it's definitely on our radar. at the moment you have to see the most likely thing is you get a resumption of merkel as chancellor in germany. the other side has made significant strides in the last couple of years and they are more coherent than they once were in terms of an opposition. when he talked about european integration issues, what is the difference in platform here? not a huge amount. both are p

that date goes back to macron's victory in france. the abduction points, the reality check for big investors thought yes, indeed, some of them were wrong in europe and the euro area would not break up. that is where the shift has happened. for that to change, i think something has to happen in terms of u.s. politics or in terms of chinese growth, something big that would be a game changer for investors to go back to. guy: how hard is the next couple months will be for the man who has been pivotal for europe? you think the french president can deliver on the words? it starts to become important. protest the first union having into the autumn. how are we going to be looking at christmas on the french story? to be honest for a start, i think the market focus will be on german elections for the lowest -- for the rest of september until the 24th, then there will be negotiation talks in germany. that will be the investor focus for the next few weeks. in france, a new era is beginning now where it will be much more difficult for president ma

in 30 minutesns time. 100 days of macron. four months after the french president prospector he, the initial market euphoria about his win has managed. just how likely is it that he is able to pass labor reforms? matt: we are less than half an hour away from the european open . i'm am looking at futures that signal we will see gains at the open. you see the same in u.s. futures and it is an interesting trade today after the trump speech yesterday. you see people selling bonds,

emanuel macron was elected on a promise to overhaul the french jobs market. can he convince the country's unions to get behind his reform agenda all the analysis after this break. hey you've gotta see this. c'mon. no. alright, see you down there. mmm, fine. okay, what do we got? okay, watch this. do the thing we talked about. what do we say? it's going to be great. watch. remember what we were just saying? go irish! see that? yes! i'm gonna just go back to doing what i was doing. find your awesome with the xfinity x1 voice remote. . >>> the rescue effort continued deep into the night in houston, te texas after tropical storm harvey left tens of thousands of people homeless. contessa brewer filed this report from houston where businesses slowly reopened their doors to customers >> reporter: as sunshine pierced the sky and floodwaters receded businesses that could open saw an immediate boom. >> community needs to come in, get basic necessities, that's what we're here for. >> i'm hoping the pharmacy is open >> reporter: with limited staff and overwhelming demand

"i just grabbed him and he was like, "'let go, macron. let go.' "i said, 'you like that trump, don't you? "'you like that? "'yeah, you like it. you like it.'" now, uh... [cheers and applause] now, of course, that handshake didn't distract from trump's hands' real agenda at the nato meeting, and that was finger wagging. because during his speech, trump lambasted the europeans for not spending more on their militaries, and he wouldn't reaffirm america's commitment to defend europe. "look, if it was up to me, "i'd fight for you, but it's up to the orb now." [laughter] "and the orb says no." so in one day, trump may have done what russia has been trying to do for 50 years. right? and that is break the alliance between the united states and europe. - multiple signs of deep divisions between the president and other leaders. - an extraordinary rift has appeared between transatlantic friends. - german chancellor angela merkel bluntly saying the u.s. is no longer a reliable partner. - a state department official who told "the daily beast" that... - okay, o

bruno: take a look at our latest decisions with macron. we have decided to reduce taxes, this is good news for foreign investors. we have decided to simplify the labor markets. and we have taken deep decisions to simplify the labor market. these are very good decisions for foreign investors. so just have a look at our decisions and i think that all the decisions we have taken with president macron are a clear signal sent to foreign investors, you are welcome in france. >> in the battle pro specs it -- post brexit, no major international banks have chosen paris to relocate staff. why do you think paris is already losing the race to frankfurt? bruno: we will win the race, we will win the race of attractiveness because we are making the right decisions. arosek the questions that during the last month is, will they stand firm? we will stand firm. we will take the difficult decisions. we will lower the french taxes. we will make our country more attractive. we will take the structural reforms and the decisions that are needed. for instance, we

emanuel macron would like you to think he leads the you even shows it's music to his victory much. try telling that to a talian as though they've just had their hands slapped away from a huge deal to buy one of france's big his ship building ports macron wanted fifty fifty but rome was so upset they've sunk the deal entirely nationalism and protectionism are not an acceptable basis for establishing relations between two great european countries to work on joint projects you need reciprocal trust and respect. he i am announcing that we took the decision to exercise the preemption right of the state of s. t.x. this decision has been taken in total agreement with the president of the republic and the prime minister this decision has only one purpose defend the strategic interest of france in terms of naval constructions. it's not just macro his business dealings getting italy's base his attempts to solve the libyan crisis not going down too well either look washed with. the courage that is yours today by being here and by agreeing to this joint declaration is historic. that got the it

what is achievable that macron can do to make it difference to europe? alain: for me, there are two key elements in these reforms which are very important. delay of point is that cost will be predictable, and that is very important. cap, forl be a kind of the moment it's given at one year seniority. so that for every employer in france, it will be very predictable to know what the cost will be if they have to lay off, to reduce the headcount. the second element, which is thatimportant, means instead of having everything directed, you will have the opportunity to negotiate inside your company or inside your second or, the rule you want to apply regarding labor relations. much moreprovide flexibility to the labor market. manus: that's talk about the united states. there have been many iterations of what the president would like to do in regard to immigration. impactun to decision-making. is that now trend, is that a trend negative? u.s.: what we see in the is that permanent recruitment activities have somehow rebounded. were pleased with the performance we

has the shine come off of emmanuel macron? publishedoll by bva yesterday, the approval rating dropped 11% to 43%. what do business is think of macron and his ability to enact reforms? take it away. monthse: we are on into the presidency and a day before this highly expected they better reform. -- expect good labor reform. at one dollaro 20. how concerned are you about this trend? >> we need to export. situation, i would say it is good but it should be better and to be better we need to ask word more. --the euro is too high [inaudible] i would say ok for 120 but i would prefer as a business guy it does not go too high. caroline: tomorrow, macron is going to finally give details on this labor reform that everyone has been expecting. you have been negotiating already with the unions, with the government over the past few weeks. what is the number one measure of the labor reform that you think is going to make a real difference? >> to give more flexibility to the business community and allow the smallest companies to negotiatedisc

i think there is a chance today in france with president macron. but nobody thinks the state will solve the situation alone. enterprise, oil corporations and companies, we have created jobs. like the slogan here -- let us free corporations. let's give -- let's believe in entrepreneurship. that is the sense of the reform. what we should expect from a government more is the trust to create enterprise. this is what president macron tries to do. i wish it would be successful. meeting today, how is total contributing? are a big contributor. we are in oil and gas company. ambition.d the total in 20 years will have 20% of its business in these low carbon energy's. i think it was an interesting discussion. i think they understand that a company like total can be a major player. in thisot to be put camp of an oil and gas company. we will be a real player. it was motivating for him. julia: fascinating conversation with the ceo of total, talking our reporter. coming up, federal watchdog agencies are looking into the government lays for the trump international

emmanuel macron. of course france has seen so support. emmanuel macron. of course france has seen so much terror in the last few years. solidarity with barcelona and we stand with you. we are by your side. the catalan government, we have referred to them already saying all of us willjoin together to defeat the violence. barcelona is a city of peace. i was telling you just a minute ago that in las ramblas there are always foreign tourists. it is very popular, a very busy area, and the driver of the value exactly what he was doing when he there. —— the driver of the van knew exactly what he was doing. one witness told us what she saw. we were in a market which is on las ramblas and we were about to go back onto the main street. we stopped to look at some ca kes street. we stopped to look at some cakes in the bakery and suddenly there was screaming and hundreds of people just swarmed towards the screaming, and running and lots of confusion. we ran into the bakery and ran upstairs to hide. as we looked out the window people were still running through the

and that president macron will manage to pass the decrees by the end of september. his popularity however has gone down, more than 20 point over the summer and more than 60% of the french say they do not trust the new president on the labor reforms. if protests turn out bigger than expected, it could damage president macron's authority at home and his credibility abroad, especially with his german partner. bloomberg news, paris. julia: so this for me is fascinating, not only because france has tried to reform the labor market, it is always something we come back to. they have protests planned on september 12 and actually the critical angele is the workers union, one of the major unions, has decided not to purchase. he has the mandate to push it through, and we will say protests, maybe not the same extent that sarkozy saw, but he has got the mandate to do this, but the question is can he do it in time? he: i find it amusing that was pretty clear on what his goal was when he was running that he wanted to reform the labor markets and sort of be a moderate neoliberal ca

begins to gonce back to work after the summer break, it is crunch time for macron's government. it needs to push through a number of controversial reforms, including transforming the country's labor laws. the plans are taking their toll on the french president's popularity, three and a half month after his first term began. been ar: it has disappointing summer for emmanuel macron, after facing ratings, itproval in 40%, just over three months into the job. feels a testt now in autumn. he needs to pass key policies, chief among them, labor reform. thursday, the prime minister looked at the government plans which are expected to make it easier for the employers to hire and fire and give them more power to negotiate at the company level. the reforms are said to be enacted by decree by the end of the month. but the government is still facing opposition from the streets. they have called for a day of action, and on the 23rd, the party will leave lash lead -- lead illustrations in paris. budget is likely to be a bitter pill to swallow. monaco -- , leaving will initially be loaned to th

emmanuel macron has been a fan of this project since his time as prime minister. just recently the minister went for a ride on the river taxi. five other major cities are interested in acquiring the service. reporter: are you looking for an easy way to get rich? that might be it. brent: many of us dream of winning big in the lottery, and one american woman, that dream has come true. mavis has become a multimillionaire overnight after sweeping the second-largest junkball -- jackpot ever. it was valued at $758 million, million, christoph. she is not going on a spending the -- streek just yet. she wants to relax. >> i wanted to retire in 12, and it came early. i work at the medical center, for 32 years, and i was a caretaker before that. i have not told them i will not be coming back. [laughter] brent: she will not be coming back. all right, i will be coming back after a short break and taking you through the day. we are talking about the nexus of remembering history, germany and the united states. what can they learn from each other? stay tuned for that. ♪ [captio

with trump, it embraced the macron agenda without questioning it. i think those implementation risk. he has a large parliamentary majority of the party is already a coalition, so there is a left and right within that. the types of things he is trying to do is disruptive and they involved fiscal retrenchment and there will be pressure on the economy at the market. it's the wrongan thing. manus: let's see the represses at the end of jackson hole. thank you for giving us your time this morning. much more to come, you don't want to miss it, our new weekly special, 30 minutes of germany decides. matt miller and myself have that conversation right here. ♪ ♪ matt: merkel stands for schulz hits the road, her main challenger commences his campaign to our. erdogan ways in. the turkish president comes in and's is not to vote for merkel or enemies of turkey in this election. welcome to our weekly germany miller show, i'm matt live from berlin. manus cranny joins us from london. look at our asset classes pushed around by this campaign. manus: but of the thin

all of this is very good news for emmanuel macron because the opposition is more preoccupied with inner fighting than actually being in opposition. molly: you mentioned the socialist party is going through a bit of a socialist -- identity crisis. >> some people within the party said they should change their name for a new beginning because they suffered humiliating defeat. their presidential candidate did not even make it to the second round. what is this new name? it is the socialists. not the socialist party, the socialists. socialist supporters think about this new name change or prospective new name change? they were interviewed and one said, it's a charming new name, a change oft packaging and we are not really interested. the caplly: now with story i certainly love -- cat story i actually love. >> this might be my favorite story i have ever talked about. it's about our colleague, anne. she found her missing cat after nine years. is cuddles and he disappeared in 2008 and anne desperately searched and eventually lost hope. she got a call from a vet saying the vet had found her cat.

when hundred 50,000 have signed protest against emmanuel macron's plans to give her an official title. she is often referred to as first lady. macron says he was to clarify his wife's role and break with what he calls a french hypocrisy, but critics say all politicians should be banned from employing their spouses or their family members. anchor: it has been very controversial in the past and friends as well. moving on to iran where some have come under fire for taking selfies with europe felt top diplomat. >> that is right. the unlikelyself source of attention. you can see her response -- surrounded by several male mp's. many have criticized the empty's condor-- the mp's, -- calling their behavior inappropriate. one adviser called itself surrender to the west suggesting all mp's undergo a training course on code of conduct and universal moral values. that selfiesrgued are always embarrassing. so. time particularly going on holidays are you a fishing or golf course sort of guy? depends on who you go with her the choice is between american president donald trump and russian president v