temperatures could destructive ecosystems give us a mini the scientists warn that the planet could still get too hot even if the objectives of the paris climate accord on met. coming up ahead shillman o'brian have pilots have voted to to walk off the job on friday joining a european wide strike affecting thousands of peak season travelers. that's coming up shortly. there's going to. monitor. nothing would change you know the banks. and so was the language of the bank. speaking the truth global news that matters g.w. made for mines. his reputation.

arsonist believed. to be tyrants. the roman emperor nero. to be just get bad press. renowned historians are reexamining this case for rethinking the rope as history been unfair to the infamous emperor starts aug fourteenth on d w. i'll buy the whole company by. private again says c.e.o. of the long lost in a tweet that since the electric car makers surprise up eleven percent. shaking their heads the. more troubling there for ryanair as its european pilots go on strike over. pay and working conditions europe's biggest flight cancellations will

affect twenty five thousand passengers on friday. this is business as welcome tesla shares surged by eleven percent before trading was halted late for more than an hour on tuesday it followed a tweet by tesla c.e.o. in the mosque saying he plans to take the electric car make a private and has secured the funds to do it. if musk can succeed in taking tesla private it would be the largest leveraged buyout in history . musk tweeted on tuesday that he was considering taking tesla private at four hundred twenty dollars a share saying that he'd secured funding a deal at that price would represent a price tag of about seventy two billion dollars he didn't say where the funding was coming from shortly after his tweet musk published a letter to tesla employees on the company's blog where he said that going private

would be the best path forward and would allow tesla to operate at its best free from distraction and short term thinking going private would also be one way to avoid close scrutiny by the public market because few did publicly with regulators critics short sellers and reporters some analysts believe he would prefer to have less transparency the company is still trying to overcome production challenges which have held up its new model three sedan on which tesla's profitability rests that hasn't stopped musk from announcing major projects like a multibillion dollar facilities in china and europe analysts have expressed skepticism at those plans must statements about taking the company private are facing similar doubts but if followed through this could be a make or break moment for the silicon valley company as competition from european automakers is poised to intensify with new electric vehicles from our d. and jag you are with more rivals to follow suit next year. for tesla

and the erratic tweets coming from. its c.e.o. joined by my colleague. lars you know must make this announcement anyway the way every self respecting attention seeker today would make such an announcement on twitter is that even legal it's an interesting question because of course in this context twitter is pretty new it hasn't often been used like that but it is probably legal i want to quote here from the rules on fair disclosure that of course regulate all that. it states that companies are required to distribute material information in a manner reasonably designed to get that information out to the general public broadly and not exclusively and of course that is precisely what twitter does whether you're an analyst an investor or just some guy interested in the stock market you can get this you can subscribe to twitter feed so technically there is

no reason to think that this is illegal interestingly enough of course if you use this in such a legal manner have to understand that there's also responsibilities that go with it so if an announcement like that turns out not to be true then you might be on the hook for damages he he has even must has tweeted before an april fool's joke yes that was actually what you should exactly not do then on april first this year he tweeted that test i would be going to the bankruptcy of course and now a vet is not a very funny joke if you are actually the c.e.o. of a company worth seventy billion dollars because that of course creates shock waves on the stock markets and of course elon musk tweeting almost every day sometimes ludicrous stories outrageous stories and nobody knows how far can we take this guy seriously anymore when he tweets and in this particular case i found it quite interesting he named a price for his buyback that that he promises it was four hundred hundred twenty

dollars now i didn't catch that at first that reference either but for twenty is a number out of the stone or community it it's a well known number it's often cold for marianna so of course with musk being known to tweet outrageous stuff people wonder is he joking putting a reference in there we don't know or does it mean you know very mysterious it might also be legal but is it smart when this case it might not be very smart of course if you are known to be a little bit of a jokester. and a prankster on twitter it's probably not good to use that to communicate serious information to your shareholders to your analysts out there but you know all the joking aside. shares went up quite a bit eleven percent on this announcement that must have made muscular money of course it made him a tremendous amount of money he owns thirty three million shares and yes is that

they went up eleven percent that was around just about thirty five thirty six dollars so he made a profit yesterday just with that trouble he created there of one point two billion dollars now him personally that this is personal profit but what i personally think is even more important to him is not his own profit but the damage he did for our shareholders through a sold short test a short that's of course short selling means that you're betting against a company and of course in short sellers has an enemy he hates them and there for good reason because tesla is actually the most shorted company in the history of the stock exchange because it is a company with pretty ludicrous plans for the future so of course there's a lot of doubters out there there's a lot of people who are saying this is never gonna work out this is going to go down in flames i'm shorting that stock well they've been wrong so far they lost over a billion dollars yesterday they lost three billion this year and since twenty sixteen

short sellers actually lost almost seven billion dollars in tesla stocks and so quite amazing. this would be the only major car company. to go private why is must consider if you really is considering this move why and what's the advantage well there's definitely some really good advantages to be away from the stock market the stock market is generally thinking very much short term of course every company list that has to bring out their quarterly numbers now that makes you automatically make decisions for your company that might improve those numbers by march by june. whatever month but that might be detrimental to your long term plan to long term success and specifically with a company like tesla everything is in the long term planning in the vision and so that quarterly rhythm is not good for musk is not good for tesla how to thank you very much. german ryanair pilots have just voted to join

the swedish belgian an irish colleagues in strikes on the friday ahead of the announcement ryanair already cancelled one hundred forty six flights destinations all over europe affecting more than twenty five thousand passengers those numbers are said to rise as the german pilots join the twenty four hour strike to demand a higher base salary rhianna says pilot salaries are not to know pilots are also finding the line over base transfers the maximum number of flight hours and promotions and annually. our correspondent contribution is covering the story for us in frankfurt he sent us this is the latest development normally unions operate on the national level as the labor law and the law for collective bargaining is organized on the national level and not on the level of the european union but now the unions are talking to each other they're coordinating their strike action in order to be able to hit the management of ryanair together stronger and this

concerted action is a logical reaction to what ryan air has been doing for decades ryanair systematically has bypassed the national labor laws trying to use the one jurisdiction in the european union which is most favorable for the management and like this right now has managed to keep the unions out of the company and dictate the terms of labor. going to use in frankfurt the trade war between the u.s. and china is set to enter a new round washington has announced further tariffs of twenty five percent on sixteen billion dollars worth of chinese products they take effect in two weeks the new duties target industrial products like metal stemming calls and electronics front are in this for asian already imposed tariffs on chinese imports last month china's foreign trade has so far shrugged off the dispute exports showed surprising growth in july more than twelve percent compared to the same period last year.

doing business with iran has gotten trickier you to washington sanctions many miles anational to do business with both the u.s. and iran but president donald trump has said it's either all that's something that is left european companies concerned and brussels isn't happy either it has responded with legislation. european companies are in a tough bind washington says firms that do business with iran will be excluded from the u.s. market the e.u. has responded with legislation that bans european companies from complying with the sanctions brussels sent a clear signal. we believe that it is and it has to be to. be no pants in this case to the side with home to trade with major corporations like air bus and decided to quit operations in iran instead of risking sanctions themselves but medium sized companies cannot afford to give up the market and

brussels is still hoping that washington won't proceed with sanctions on e.u. companies and is the hope is that americans want to sanction european companies or otherwise disadvantage them but the more they do that the more we have to protect our business with credit or investment guarantees. could it goven t. in in its own scott and. provides recourse to any european companies hit by u.s. sanctions but even if they can claim compensation for any losses incurred many of them are still stuck between a rock and a hard place. and that's it for me and the business team and by then of course have an update for you in the next hour in the meantime go head to our website w dot com slash business.

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