disintegration and judicial independence. the ups and downs of bitcoin the roller coaster ride continues but after massive gains the cryptocurrency loses almost a fifth of its value in a single day experts warn a crash could be just around the corner. also on the show financial markets surge as the e.u. and u.k. agree on the terms of their divorce how difficult will it be to forge a trade agreement. and on the fast track from munich to berlin and you high speed rail link cuts travel times in germany. it's time for business on the w m how you know yes welcome to the program and we start with one of the hot topics this

week bitcoin keeps making headlines this time with a drop the cryptocurrency had searched by more than forty percent over the past couple days as officials prepare to launch the first bitcoin futures contracts this sunday but on friday it lost almost a fifth of its value. this sunday its kickoff for bitcoin future trades potentially propelling the cryptocurrency from the fringes to the forefront of finance traders are busy coming up with a game plans the futures market allows them to speculate on the cryptocurrency price at a later date something which may stabilize the cryptocurrency but also push the price down from the dizzying heights of where it has been i think we argue a correction and i suspect the correction will happen when the futures markets come online and so my suggestion is to kind of wait and see what happens i think that if you're investing though for the next two years or three years then if the difference between the price now and the price in a week's time may be irrelevant some say that bitcoin might not even be around in

the next two to three years there is notoriously volatile with warnings that it may self-destruct and it's not backed all the same its impact is already thought to be lasting whatever you might think about proved occurrences the reality is that the technology behind it which is the block chain is here to stay if i can make a kind of a comparison is more like the dot com bubble that we had early two thousand. while everybody was getting rich just having you know a dot com on the web side but even after the bubble burst the internet is still there we have facebook google so the technology behind it is here to stay whether becoming a futures might prove the downfall or making of the digital darling is something really only the future can tell. u.s. jobs growth searched higher than expected last month and average hourly earnings rose only slightly the fairly upbeat report underscores the economy strength it

also has analysts questioning why would publicans need to slash corporate income tax to stimulate the world's largest economy it's already approaching full employment companies are now reporting difficulties finding qualified workers white house hails the news crediting the president's quote bold economic vision. big words coming from the white house there let's bring in our financial correspondent on wall street gets caught the high end good evening well bulls economic vision big words as we just said does wall street see it the same way well i mean what we certainly see is that we have steady job growth for a good six years now so that job growth started well before donald trump moved into the white house but we also heard from the u.s. government that maybe next year we might see some a huge infrastructure projects and then you mentioned the tax cuts so some

economists are a bit varied that actually we might be seeing an overheating of the u.s. economy and also inflation increasing quite a bit but bottom line is the labor market is in a very good and solid situation right now we have the lowest unemployment rate in seventeen years now yes on news that might not please donald trump fort announced that it wants to start building electric cars in mexico not detroit. and that's quite a reversal because just in generally pretty much even before. really started to take over the white house you celebrated that ford is not moving electric car plant to make the go but rather invest in detroit michigan so now we see the reversal of ford announced that they're going to build this electric plant in mexico but not all is lost for detroit and the u.s. car industry because ford said they're going to invest them heavily in detroit in

self driving cars so it's a. win and lose but we certainly will hear something about this decision from ford from the government and from president. pretty soon in spite of bringing us both sides of the story thank you very much and have a good weekend europe's competition commission could have bad news for bear the chemicals giant wants to take over its american wyvil monsanto for a massive sixty six billion dollars it would be the greatest takeover of a foreign company by a german firm but sources say the commission has concerns the merger may harm competition for pesticides and seeds many europeans criticize the deal worried about genetically manipulated seeds and one company having so much control over food production. it's not the only company in trouble with those regulators

lufthansa's plans to take over routes operated by failed rival air berlin have hit some turbulence to the e.u. commission says it has quote deep competition concerns about the bid e.u. competition commissioner my visit to this tiger said might monopolize certain routes she wants customers and wyvil airlines to have their say those towns are hopes to pay two hundred ten million euros for air balloons aircraft as well as takeoff and landing slots. here's our financial correspondent cons are in frankfurt on the story many passengers who often take a flight have noticed that in recent weeks the prices on many routes that lufthansa took over from berlin after the insolvency have surged very much now the european union's commissioner of a star is concerned that fans are might already be monopolizing the domestic market here in germany the concessions that. suggested to the antitrust authorities were

probably not enough in the next two weeks the antitrust watchdog will interrogate lufthansa's competitors in order to find out what has to be done to create fair competition investors believe that easy jet will profit from this its share prize was a big gain there here in frankfurt's trading this friday. a quick check on the markets now because despite the u.k. and the e.u. reaching a deal over brics it the market reactions were rather moderate. relief on the markets as it emerged an agreement had been reached the footsie one hundred rose as did the value of the pound but traders in london are well aware that the next phase of breakfast negotiations may prove yet more difficult. by i think the next few months we're going to see far more analysis of what the effects of the u.k. being outside of europe are going to be for instance one example will be just in

time manufacturing how is that going to have to change with custom posts set up across the you with the number of border posts that require documentation that's going to change the way that manufacturing duty operates in germany to markets responded well to the news some analysts believe britain is now unlikely to give up access to the single market i have trouble exit was the be a hybrid which is very positive because the trade between the russian and the rest of the e.u. would be interrupted but one thing must be clear this is just a very small success brecht's it continues to be terrible for both sides the e.u. and the british people if markets already show gratitude for the smallest of agreements so b.s. that there are still a lot of problems surrounding baxter's sized or even a feeler problem it will invent. the next round of track the talks will focus on trade an issue the markets will be watching very closely indeed.

claimants' truce president of germany's for research institute on the chances of reaching a trade deal within a year. well negotiating a complete create trade agreement within twelve months is i would say well virtually impossible that's why we need a transition phase it looks like we're going to we're going to get one i guess ideally there should be agreement on a number of principles and agreement on a transition phase where the old rules more or less will continue to apply and then a more detailed free trade agreement can be negotiated over a longer time germany has an argument at a high speed rail link between berlin and munich it saves a third of travel time making flying seems so tedious at a time when many domestic flights are becoming more expensive the rail group is on course to make the profitable route even more of a money spinner. the time has finally come after twenty seven years of planning and

construction the new berlin munich route is ready for action german chancellor angela merkel was on board she left her autograph on the hull of the sprinter before she began the superspeed experience. her fellow passengers were excited by the ride. and they took the picture. three hundred. good. fifty. three hundred. so that's the most. the me. speech it's a day full of symbolism connects the former east with the west it was one of the

first projects born of german reunification. hopes the ten billion euro price tag for europe's most expensive rail project will pay for itself by giving planes and busses a run for their money. some happy passengers there that's all for business thank you very much for joining us and remember we're always on the web dot com by.

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