isn't tariff time between the us in the e.u. or could trump offer a last minute reprieve angela merkel is on her way to washington can she convince him to back down where her colleagues of failed also coming up facebook share price rockets in thursday's session but british parliamentarians want to hold the firm c.e.o. to account over manipulative content and is this the dawn of environmentally friendly flights of the i l a airshow in berlin electric powered planes are all the rage. under your winter and this is your business update confusion reigns over the e.u. use plans to extend their tariff exemptions from the united states u.s. president donald trump plans to impose a twenty five percent tariff on steel and ten percent on our million imports to america as soon as next tuesday that's if the two sides cannot agree in reach an agreement german government sources speaking to d.w.

believe that is the most likely outcome on friday when i go merkel meets her u.s. counterpart the americans say they'd concede if the e.u. grants so-called concessions for example by lowering tariffs on american made cars . is our frankfurt correspondent conrad who isn't with the markets take on this. well the different statements today were received with hesitant optimism on the markets here in frankfurt trading hall the mood changed to the positive after larry kudlow the u.s. president's economic advisor said that he will travel to china together with steve minutia and the u.s. secretary of the treasury the german share index dax change from the downside to the upside after those statements came out all this sounds like a tough but peaceful negotiations not like a trade war this is the take on that on the trading floors and this is what

investors are hoping for. going on booze in reporting that another grilling for facebook british lawmakers repeating their call for c.e.o. mark zuckerberg to appear before parliament over a data breach they rejected explanations from chief technology officer mike trout for he told the committee facebook will introduce you measures to boost advertising transparency in britain by june as it cracks down on manipulative political ads in the spread of fake news defended his company's handling of the data scandal as many as a million british facebook users may have had their data harvested as they were connected to the u.s. uses targeted by political consultancy cambridge analytical. in the scandal hasn't hit facebook's earnings yet blockbuster results and solid user numbers sent its share price rocketing on thursday his gens quarter on wall street. obviously at

least so far neither the users nor the advertising dollars from corporations are vanishing when it comes to facebook it has been a blowout quarter and the stock went through the roof having the best day in more than two years but also other technology companies did to very valid the semiconductor maker advanced micro devices also a big rival to intel had a very strong quarter and an even stronger outlook of its stock was up in the double digits so far this earning season we have not to really see in that strong earnings have translated into a higher stock prices that was different here on the thursday session when finally strong numbers actually saw their stock prices increase them quite a bit there's been a lot of discussion that yes the first quarter for us corporations is the blowout quarter the big question remains how sustainable that is but at least for one day

wall street focused on what it saw that was especially from the technology field rather strong and therefore the strong reading here on thursday on wall street the era of easy money is ending in the u.s. could hot times lie ahead investors looking on with interest as the yield on the ten year american bonds broke through a psychologically important three percent mark this week it means companies will have to pay more to borrow money that will eat into profits and could cost jobs while pushing up prices of every day goods even worse some analysts believe the recent trend in bond yields indicates the united states could be inching towards a recession. and let's break this down with chief investment officer the line spun stay in fixed income that doug peebles doug thank you very much for joining us so we're getting mixed messages from bond yields good news the u.s. is growing rapidly bad news with apparently teetering towards recession what's your

take on where the u.s. is heading well i i wouldn't quite say that the bond market is teller telling us we are teetering towards recession i think historically a flattening of the yield was consistent with a slowing economy and i do think that. significant flattening that we've seen already is sending some mixed messages from the bond markets but our take is is that that's not really the signal that it's getting ok so basically you're saying that the the yields across several different bonds could be coming towards alignment that's been a sign of recession in the pasta but what's the impact on companies and even the average consumer all of the rise in deals in government debt that we've seen this week. well let's take the consumer first. consumer. to interest rates in their mortgage payments and since rates have been so low for

so long most us mortgage holders have actually extended their mortgages out to the thirty year space so the actual increase in interest rates shouldn't have a huge impact on the consumer i think more importantly the reason. federal reserve is raising interest rates is because the economy is doing better than has basically since the financial crisis and what they want to do is try to financial conditions. so that their recovery can. and and really to move away from what was for almost a decade emergency loan interest rates and so consumers are being backed into a corner here it seems now the ten year treasury yield has.

its. well i see there's going to be a bloodbath in bonds and you know i think that for for certain investors three percent sort of provides some magical level which it certainly doesn't for us here at alliance bernstein i think it's a round number and it deserves some attention but there's nothing that's so different between two ninety five and three zero five certainly not for the economy that's for sure and i think the other thing that we need to do is is not just look at u.s. interest rates right i mean i was looking at my rounds this morning and when u.s. treasuries were trading at three percent they were virtually three hundred basis points over japanese bonds and that math is pretty simple there because japanese bonds don't yield anything. coming in for a rough ride if the yield continued to go up but that might not have been quite yet

people for the lines thank you very much for that. thank you you've heard of electric cars well how about electric planes the i l spacefaring in this week environmentally friendly planes are all the rage something that's catching the attention of big ally it's. still ruled the skies here at the. but advances in electric powered flight could soon change that. modern batteries are already producing enough energy to get airborne. something startups like cool cops are taking advantage of creating lightweight computer piloted aerial vehicles they hope will soon replace your trusty taxi and help cut down on congestion in the world's major urban centers. first of course in the third dimension there is a lot more space so you're not all moving at the same flight level it means that we can really use a lot more space and it'll go in stages so we won't solve the whole traffic jam problem in just one day what will be the taxis they will be part of the

transportation ecosystem in the major cities over fifty companies are trying to get the first electric air taxi to market. including air bus it may be still in the drawing board but airbus plans the first city air bus test flight later this year. the aerospace giant says the air taxis propulsion system is already up to the challenges of urban flight. on this one and the most exciting thing about flying in megacities is that i don't have much range realize that most flights only last about fifteen minutes or thirty kilometers. on them and we already get that with today's batteries or with future versions of them. but electric flight isn't just confined to fringe industries rolls royce siemens an airbus are working on prototype hybrid electric engines for commercial jets which promises increased fuel efficiency systems like these have already called the interest of industry

mainstays like lufthansa. i mean one of the most exciting things for us today in the discussion around the potentials of this new technology is to reduce the noise level of these aircraft you reduce the emissions and that could allow the future air ports to be much closer to the city center and that's the game changer and now it's up to the manufacturers to make those promises a reality some people here are calling it the third aerospace revolution new technologies like in the area of vehicles becomes smaller greener and even more autonomy and while it may seem that many of them aren't quite ready yet to hit the skies experts here assure us they'll be here sooner than you think. and you have to get the feeling that a car is missing a feature or two we leave you with a dream come true for many kits to japanese engineers who obviously watch too many transformers episodes have developed a robot that can turn itself into a two seater sports compay within sixty seconds package in robot mode and you

shouldn't get a parking ticket and that's it for your business update thanks for watching. the to. the to. the to the to a. to. the to. cut cut. cut. cut cut cut. cut.

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