ready ready. i'm craig melvin. thank you for watching. >> welcome to "street signs. i'm joumanna bercetche these are your headlines president trump is expected to delay a decision on auto tariffs another six months but renault shares drop. semiconductor shares surge after the company updates long term guidance and the german chip

maker warns of the fraught macroenvironment shares of deutsche post jump fuelled by continued growth in e commerce and rise in german p t postage prices >> and dialing up. a 1.4 billion share buy back shus shushs pushes to the top our top story today is all about autos. president trump is expected to delay plans on tariffs for another six months according to multiple media reports. the trump administration has until wednesday. the white house declined to comment to cnbc but renault has

driven the sector lower. shares are driven the sector lower after six years after cutting the top and bottom line out look the giant has lowered sales for all key markets for japan and europe and slashed the market broadcast. this after the second posted job and hit by lower demands on uncertainty following the outing of carlos ghosn. meanwhile, feeling the weakness cautioning that it does not expect the sector anytime soon the chip maker does not enjoy the guidance adding that it is fraught with uncertainty in line with expectations that helps the stocks sparply higher in trade

continental gave a gloomy out look the german car parts maker warns that third quarter earnings would be slowed down by the sector and adjusted operating profit plenty of news for the morning the head of the global automotive research. arndt, it is great to have you with us. i want to start with the macronews. you and i discussed this in the past you've been very negative about its potential impact it is not completely out of the woods, isn't it? it doesn't remove the uncertainty fully? >> it has become increasingly clear over the last couple of weeks that the interest within

the endire administration in the u.s., to go to war on trade with europe and in particular with germany in this case is very limited and very different situation to the trade battle that is going on with china which many americans do actually support. on the european side, i wouldn't expect 5% tariffs on car exports to the u.s trump would keep it in my in order to get some other trade concessions. >> indeed, the auto sector is searching for some direction i'll ask you about some of those microstory but in terms of the macro risk premium, how much was baked into the auto sector going into this deadline >> a lot we have seen many car stocks

that have d rated by more than 40% relative to for instance the germ german dax, if you look at a bmw. these macro concerns continue to ease, which i would expect certainly the picture for car names, especially oems is brighter and we can see things moving higher. >> let's talk about the supply chains we heard from infinion, continental saying they expect car production to say stable at best what do you make of all of these sounds from companies to do with auto supply chains going into next year? >> two major things. we are entering a phase of very

limited growth we've seen nice growth in european in chinov last three to five years. we are entering a period of much, much lower growth. on top of it, we are dealing with this huge transformation from internal come buston to election electionic power train that's the cycle and transformation >> let's talk about specific companies. we've got renault falling to the lowest level on back of the weaker earnings out of nissan. they posted a 70% drop in operating profit the last time we spoke was on the day of the wrrenault earnins

how much of those are the function of just the utter turnover at the top. questions about carlos ghosn, legacy and changes in management and changes to the macroenvironment >> you make a good point i would say almost 100% of the problems we are seeing at both renault and nissan are homemade and come from the lack of focus and leadership in probably the most important time for the industry we see other companies, if you take peugeut operating and others companies that have their eye on

the ball, that operate and focus do really well others that don't, face huge risks. that's what it is all about. it is leadership and focus and that needs to be fixed at both nissan and renault >> we are seeing that in the earnings i'll leave it there. thank you for taking the time to meet with us >> moving to other company earnings uniper now expecting full year e bit up to 950 million euros and could also increase its dividend proposal let's get to sascha for more looking at a different outlook than the second quarter. can you give us context as to

why your out look is positive? >> i think we need to differentiate a little bit when we look at the actual numbers at nine months, the story is very much unchanged that's why we went up hawk yesterday evening with that upgrade and out look is now the full year, we have indeed very bullish on the fourth quarter with one of the key factors you mentioned being the reinstatement of the uk capacity market and our operating businesses operating nicely with up to $950 million in e bid. >> you mentioned last quarter, you had a negative risk from carbon prices. how do you see that hitting europe especially with these emission standards going forward. >> the carbon was some what of a

technical factor that comes both from the purchase of activities that come from operations and koor respending hedging activity specifically for the fourth quarter, i expect an e bid contribution to the tune of plus $200 billion >> you are still germany's second largest coal producer. are you feeling the pressure with moving along with the times. what does that mean for a company like yours for the long-term challenges >> i would agree with you. i wouldn't even call it a pressure but a strong desire from our side to move forward. we all see what the society and political will is and we are t

embracing that >> germany has decided to exit nuclear. there will be the day when there is no further coal which makes one of the many questions even more prominent that is how do we advance security supply. in that question, i think we are excellently positioned that makes us more optimistic regarding the years to come. >> certainly something to watch out for. i want to ask you about your relationship with your largest stake holder that has almost 50% stake. they are in the process of trying to up that to 70% but they've said you stopped that process. where do things stand with fortum >> they are an important shell we read their announcement with

the intention of increasing further by a minimum of 20.5% subject to regulatory clearance in the u.s. and russia i can assure you one thing, we don't see share holders as a problem. they are an enabler for our company strategy you shouldn't expect us to interfere with any transactions going on with any of our share holders. we take our constructive stance. we'll do the same going forward. >> how likely is it that we get management support for a take over offer for fortum? are there any specific issues you'd like to be addressed >> that take over offer is not on the table what they've announced is a by

lateral or trilateral transaction. on those, there is no management view needed. we don't interfere in those transactions if there ever is a take overoffer, we'll form a view but now making up a generic request list would be not necessary. deutsche posthas posted a better than expected third quarter. due to e commerce and growth the german firm also backed profit guidance adding it expects a traditionally strong holiday season >> voda fone returned to growth

in the first half as it also saw positive impact from the integration of the cable network it purchased for 19 billion euros earlier this year. iliad shares jumped 10% at a price of 120 euros per share around 20% of the share capital will be affected by the program which is indicated by capital increase stock is up almost 20% today in trading. shares in dialog semiconductor after the company says it expects to see an

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>> welcome back to "street signs. looking for direction initially. can you see almost all of the four majors are trading up in the green. it is a positive start to trading. renews optimism again about the phase one trade deal from u.s. and china and out of the white house that president trump may be looking to extend that auto tariff decision by another six months this is the picture. the ftse 100 up about .3 we are seeing a list, the brexit

party have decided not to contest some 340 tory seats. been taken quite well by the if the ftse 100 this morning. right at the top there, cac up about a .1 percentage point. weak results out of nissan renault down today the ftse mib in italy up about .3 i want to take you to european fixed income that momentum is continuing this morning. we've got the 10-year bund off taking the hue off of what is happening in the 10-year

treasury notes 10 basis points, 15 basis points up about 82. in the uk, we are not just focused on the general fixed income move but also spending plans and the labor party has planned to losen the spread. that has been priced in. the 10-year yield up the 10-year spain not doing much today. you can see the move in general is one of weakness for sixed income let's talk about the oil market. saying he is not at the whim of share holders only seeking higher returns as the french oil giant is also speaking to cleaner energy investors are increasingly asking for, quote, sustainable dividends and higher yields. steve, i was talking about fix

environment. you've got 10-year bund. no wonder investors are looking at higher yields out of the dividend companies >> you are right when you look at those deals compared with the rest of the equity market, they already trade at a significant premium people are asking for a lot more i was reading one analyst piece saying it is the sector that refuses to rerate no matter what patrick and his peers, some of the top players in europe have done with their companies. they are still seeing share prices that are trading at a significant historical discount. that is because there is a growing concern of vesting at certain quarters in hydrocarbons a lot of these original ioc oil

companies then turn to oil and gas and now look at themselves as energy companies. i had a great conversation i really enjoyed last night. we had a good 25-minute conversation about just being honest about what is going on. ie, what do we want from energy companies? do we want dividends or extra investment in renewables do we want these companies to service climate change and have cheaper, more reliable lessee mitigating fuels or economic growth do we want more oil and gas at all or do we want to switch much quicker? a lot of debate about what people, share holders and government actually want he wants to see an honest debate listen in. >> today, we don't want to have

a rational debate. all of the consequences about what does it mean? they are very consistent they say we should find the way to limit to the world. for political and leaders, it is difficult. in western countries, we want to insert the young people and when young people are complaining about raising co 2 taxation on gasoline in france, then they say let's cancel that taxation again, we speak about energy, the needs and people again prefer the affordability of energy than the cleanliness of it it is a big challenge. there are two parts. you can concern and make no

sense. >> the contradictions he is referring to are abundant to the center tons of people who want to heat their homes or don't want to walk or just want to feed their family tha that's what energy can provide for them that's what they want energy companies to do more of. look at france on one hand, they do not want price increases in their energy and fuel costs on the other hand, you've got climate change protesters in francend p france and paris as well how do you mary thery these thi

up yes, we want increased return. at the same time, we want you to find renewable development what patrick is making the point is, let's have an honest debate about what is achievable we want to see globally and see the abating of climate increases as well. the answer maybe is we can't have everything we want and we have to priorities everything in the certain development. back to you. >> it is right at the beginning. as bob dudly said to you, the market has been a little too negative on the potential of gas. i was speaking to the second largest coal maker

they are optimistic when it comes to gas and the cleaner out lookand the transition they'll have to make in the near term. thank you for your coverage. looking forward to chatting and catching up with him a little later. stay with us, the head of the biggest group has warned of two key risks. find out what they are in just a few moments. (vo) the moth without hope, struggles in the spider's web. with every attempt to free itself, it only becomes more entangled. unaware that an exhilarating escape is just within reach. defy the laws of human nature. at the season of audi sales event.

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welcome to "street signs." i'm joumanna bercetche these are your headlines president trump is expected to delay a decision on the auto tariffs for another six months shares in renault down shares of infinio drop

shares in deutsche post jump fuelled by continued growth in e commerce incoming european commission addresses president macron and pledges to spend more on external action. we bring you exclusive interviews from the events coming up. all right, it is 9:30. usually the time when the data comes outlet me bring that to you. average weekly earnings have come in at 3.6% year in year

below the estimate of 3.8% september alone was 3.6% bonuses coming in also at 3.6% to september that is as far as the earnings are concerned. in terms of real terms, if you remove the inflation, real weakly earnings come in at 0.3%. in terms of uk job vacancies, they are at 800,000 and the three months to october. that is the biggest year and year fall since december 2009. the job vacancies with dwindling which is a sign of a tight labor market wage growth here is coming in at about 3.6%

so a bit lower than the expectations you have seen the pound drop a fraction again, the wage back drop in the uk continues to be one of strength we'll turn your attention to live pictures of the french president macron speaking at the paris peace forum when he is hosting some 30 heads of state as well as business leaders. charlotte joins us live from paris. this comes after a controversial interview. he said europe is standing on the edge and needs to get its act together and protell forward particularly when it comes to the defense and geopolitical presentations. is that one of the major themes of the peace forum >> it is the classic view that

he is on his own as europe should be standing on its own. it is about china and the u.s. and europe cannot afford to be a collateral victim of this struggle this comment brought weaves over the weekend. president macron will try to clarify. he talks about multilateralism and keeping the communication open between the countries this second edition of the paris peace forum. this topic here is about inclusive growth and how to make these work for everyone including the middle classes the business for the growth initiative, part of this started about a year ago for the first piece where some businesses got

involved in pledging to make growth more inclusive. this agenda was adopted in the g 7 and made part of its own agenda yesterday was the first board meeting for this business where inclusive growth where they have 1.5 trillion of revenue put together such companies like goldman sach, ikea to name a few they will actually measure the impact of this initiative. we spoke yesterday to gabriella ramos about why this initiative and why not. take a listen. >> the economies are not growing, productivity is not

growing, investment is not growing. trade tensions are taking a very great impact in the economic prospect first and foremost, i would say it is important we tackle those decisions. it is having an additional element there. the other part, as you say, is a social discontent and fragmentation. these things are not related we cannot think about the economy as a compartment alliesed issue it doesn't work like that. people that feel left find go and produce political outcomes that then makes it very difficult for the leaders to have the basis to take the hard core reforms we need to put in place. i would say if you ask me what is a core to this issue and how

we move forward. i feel that government needs to understand we have the opportunities. we have the distinctions and say, okay, why do we vest in the location they are measuring in the location outcomes. it is not breaking the economic background of children and children receive poor education because they are in poor families and then they connect poorly to the labor cycle. we need to break that cycle. the problem is that we have a problem of very high political implementation everywhere. >> at this event yesterday, this first board meeting, we had a chance to catch up with an exclusive interview.

we asked about what concrete steps and projects were they working to actually meet the goal of the pledge >> we believe increasing growth is needed as an economic model but both social and economic reasons. we are going to work on three key directions one is to ensure better enforcement of human rights in our operations the second is more inclusive and direct work place. third to make sure we have a positive impact not only in the supply chain and operations. to do this, we have launched an incubator of inclusive business models that will run microeconomic experiences and a financing forum related for increasing growth. both have a solution to coming

up with new solutions. we believe with the support, we can form the macroindex with the innovations and business models. >> your 40 companies, you've grown together 3.5 million employees and revenue of over $1 trillion. you are all g 7 companies. do you need to involve companies from china, from india, from south america? >> but definition, inclusive cannot have a border or a wall already those millions of employees are way beyond us. they are everywhere. we cannot make change in those

countries without also the support of the local players the government, the ngos, the companies. you are right. whether this is through dialogue or a more inclusive board, this will grow way beyond the limits of the g 7 countries >> that was the ceo of danone and the chair for this inclusive growth group we had the chance to catch up for another interview with the ceo of another company that said companies need to rethink priorities and make sure the benefits from the economy growth come to everyone i asked him how difficult is it to mix this ambition while at the same time meet investor expectations and bottom line for the company. this is what he had to say

>> this has been our dna, we've always thought that we could reconcile economic performance through growth and sustainability >> i'd like to give one example. sustainability is the social part and also what we do for the environment. we've turned into the big action to reduce food waste 70% of our business is around food services. we have major impact there today 1.3 billion tons of food are wasted by mankind every year we have our share of responsibility when we engage with our users, we are committed to reduce food waste by 50% by 2025 we are something very concrete that is good for all take holders.

the investors, by reducing the waste, we are more efficient and seek what our consumers want which is to reduce our environmental impact >> 70% of your business when you say when it comes to the meals you serve, you need to be more local, organic and when you educate the business >> we are convinced this is a competitive advantage being at the forefront ensuring we propose vegetarian menus and ensuring as we do, we've entered into the future 50 initiative and we have created a number of menus that include 50 new plants that will support biodiversity

by doing so, we respond to the need of many consumers >> that was the ceo of sodexo. yesterday at the exclusive growth meeting and the second edition of the paris peace forum when they talk about multilateralism and trying to make the market work for everybody so that protest, discontent and the rise can be stopped and slowed down. here, you have companies, n dprch os and organizations trying to come up with solution to come up with small projects that will finance and try and come up with projects for social and environmental issues we'll keep an eye on all of the organizations and solutions while we hear president macron

speaking now >> interesting to hear from the horse's mouth so to speak, from these companies directly and what actual plans they'll put in place to work towards a more inclusive structure in line with the multilateral framework mr. macron has been pushing and talking about for so long in light of the protectionism wave. thank you for that from the paris peace forum. let's check on the european markets. all four are slightly in the green. looking for some direction, we are trading at slightly positive for most of the majors ftse 100 is up deutsche post doing well chip makers posting good

results. infinon another one of them posting better results wren all trading at the bottom down about 2.5 percentage points after some weakness being effective from nissan and japan that posted an 80% drop in operating profit for their second quarter earnings. ftse mib up. and as i mentioned, autos are a big theme today in europe especially on news in the white house that they would need to postpone the decision. switching to foreign exchange, we have the euro sliding on the back trading about 1.20. trading down around 1.2830 about a tenth a percentage point weaker those are just the match for

wage growth in the uk coming in on the disappointing end political developments continue to drive markets there on the pound and the ftse 100 is a bit more positive. safe haven currencies off a little bit in terms of u.s. futures, the three majors are seen opening a little weaker. s&p down about four points,down down 30 after another record high yesterday boeing one of the names helping to propel that higher. nasdaq down around 8 points. all eyes on president trump and his speech in new york today when he is supposed to talk about the trade discussion stay tuned for that. that will create some headlines this afternoon in germany, the head of the bdi

has told cnbc the ongoing trade warand brexit are the biggest external risk to the german economy. also asking if now is a good time to unleash fiscal stimulus. >> we have quite roam for investment we have enormous taxes in germany and thefinance ministe has a lot of money to spend. that last estimatement was lower than before. >> joining us live from berlin with more. he said the tax income is higher

but there is more leeway what more can you tell us? >> that is on the ground in berlin and the innovation. germany is perhaps at the cross roads germany is trying to keep up i spoke early on with one of the poster childs, so to say of the entrepreneur landscape in germany which is the founder there about also his idea of the u.s. market and where his companies made most of their profits. take a listen. >> the united states is the biggest market contributing 42-43% of our revenue.

also in our strongest revenue in the united states. the ee pressure on the system is an opportunity for digital technology i think that push for digital transformation has gone up congress has over reacted in the blocking rule and huge fines and public shaping forcing better access to the basis and will force many large companies to change their business models to an open digital economy that allows us to reap the fruits of digital technology and health care >> the open share platforms are the future and key for many, many industries. brain lab is doing that in the health care sector they are a market leader especially the u.s. market

it is very important but china as well. i thought it was very interesting as well to hear that given the geopolitical tension, the brain lab ceo is concerned about this fragmentation of the market because it would clearly be less beneficial for patients and health care system as such not only about cars but actually touching every aspect of our every day life as well back to you. >> ex atlantic, thank you for bringing us the latest there u.s. private equity firm pushing for the deutsche bank chairman to step down morning other international share holders disappointed in the performance particularly after the failed attempt holds a 3% in deutsche bank.

coming up on the show, back to the skies. boeing shares get a list after they signal plans to restart delivery of the 737 max. but some airlines remain weary memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life.

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welcome back to "street signs. boeing expects to resume deliveries of the 737 max jet next month and adds that they plan for the return of the plane to commercial use next year. disney launches disney plus today. they will release nine new original shows elizabeth joins us now today is the launch of disney plus, i believe in u.s., canada

and netherlands. >> other countries next year including european countries >> the service is $6.99 a month or $12.99 bundled with hulu and espn plus. the key thing disney has here undercutting the competition maybe besides apple. the key advantage here is its content. it has a huge selection of content with a lot of popularity >> i was watching figures of the morning show it is going to cost $300 million for two seasons about $15

million an episode so they are spending heavily they have content that appeals to a huge rage as well they have a classic range of movie say for a family that wants to add on disney classes for $7 a month plus star wars and marvel. a big draw there that's one of the key things to see where this race will play out. how much will they have to spend to keep viewers and get those new shows on board >> is it targeted to kids and families >> this service is trying to get to a different target markets that what we see with hulu and espn bundle. that gives you access to watch streaming from nbc and cbs

that is a broad base appeal that could serve as a replacement one of the themes we've heard is that all of these screaming competitors biggest competition is still the traditional cable providers. that is the race playing out >> for now >> thank you for breaking it down disney plus not yet in the uk, i'm sure it is coming soon a quick look at u.s. futures the three indices are a little lower, bucking the trend of what we are seeing in europe which are mostly higher. that is it for our show. i'm joumanna bercetche "worldwide exchange" is coming up stay with us do you have concerns about mild memory loss related to aging? prevagen is the number one pharmacist-recommended memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life.

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>>s >> it is now 5:00. the house of mouse unveiling disney plus today. the competition its new heights. delays maybe, the president may poe po postpone the decision about tariffs. carrie lam slams protesters for