it was in the news coming up ahead still markets around the one ticket shipped off to u.s. president to donald trump or does the own federal reserve crazy interest rates. that's in other business news coming up with this talk show if you do stay with us . there's a long way to start intermediates tonight just to hide your identity. but the dish what is the true face of the country. freedom independence and separation of state and church that used to be important but for decades political infighting here has hindered progress and islamist extremists are gaining more influence democracy and the are on shaky ground you just couldn't get it was

love this should be. it is. not. bangladesh the dawn of islamism and exclusive d.w. report starts october eighteenth. at the. share prices are tumbling across the globe as investors retreat equities in europe are lower after markets in asia experienced their worst losses and yours also on the program the first president likes to present himself as a champion for a new bull energy but in much of the country wind turbines are having a hard time starting to spend the. welcome to the program and restart the show was an outlook for europe's leading economy. that's become more

cloudy the german government has slashed its growth forecast for this year and next to one point eight percent economics minister pitt altmire cited a weaker and our national trade environment as one reason for the move projected economic expansion for this year now stands a solid half a percentage point lower than before spring berlin had its expected growth of two point three percent this year. now even before news broke of a likely slowdown in german economic growth financial markets had been having a bad day following comments of u.s. president donald trump calling the federal reserve quote crazy for raising interest rates wall street had its worst trading session and months chinese markets even plunged to a four year low. market turmoil on wall street followed by a massive slump in asia investors around the world are feeling the he's one issue

weighing on their minds whether the u.s. fed is going to raise interest rates again it's already done so three times this year it's a measure central bank take to put the brakes on a robust economy markets don't always like this because it makes it more expensive to borrow money. another person who doesn't like it u.s. president donald trump here's what he had to say about the fed on his way to a company in raleigh. now i think the press that. make it everything is so tight i think the fed is going great. trumps comments come as the international monetary fund and the world bank hold their annual meeting in indonesia so the mood there has been pretty bleak not only have the institutions lowered their forecast for global growth they've also released a report that says the world's financial system is at risk i.m.f. chief christine lagarde even made a veiled reference to trump's remarks by defending central banks it's clearly.

a necessary development for those economies that are now showing. much improved growth. inflation that is picking up the falling into the range or reaching the threshold and employments that of extremely low it's inevitable that. central banks make the decisions that they make a clash in ideals between the head of the international monetary fund the u.s. president warnings that the global economy is slowing down and becoming unstable not to mention a continuing trade war between the us and china against this backdrop investor gestures are likely to enjoy. all right let's unpack the story here a read my question market analyst at c.m.c. markets in london and our correspondent colorados are standing by there for first

stark contrast let me start with you markets around the world have been tumbling what's the situation like in frankfurt. well the german share index stacks is down a bit more than one percent that's adding to the two point two percent loss yesterday which is a lot but it's also a lot less than what's been going on in the united states or on the on many markets in asia you know that's the reason why a majority of the c.e.o. don't believe that we're going to see a prolonged selloff on the equity market something like a crash but rather a correction investors are selling many of the shares which have done very well so far this year and there's a bit of a rotation going on investors are actually buying shares here in frankfurt today of more defensive sectors such the such as the pharmaceutical sector bias shares are in demand for example right michael over to you in london some off the cuff comments there by the u.s. president now they have may they may have triggered the slump but surely they are

not the underlying problem your r.v. . now i think that's too simplistic so use president trump's comments as the trigger for the sump i think it's been a long time coming there have been concerns about. the growth growth for costs going forward which the i.m.f. i think crystallized in comments earlier this week these were unexpected comments from the i.m.f. christine lagarde signaled that the i.m.f. will likely to downgrade their global growth growth all costs for next year two or three weeks ago but nonetheless at a time of escalating trade tensions high valuations for u.s. stocks particularly the tech sector and the fact that u.s. bond yields are on the rise and likely to push quite a bit higher investors of looks at the gap between u.s. bond yields and the dividend yield the trailing dividend yield on the s. and p. five hundred the nasdaq and basically concluded not on reasonably that that gap is

too wide it's time for a little bit of profit taking head at the start of the earning season in the us which starts at the end of this week and i think there's a concern that an awful lot of these companies could well be guiding lower their guidance for the next twelve months and now is as good a time as any to take some money off the table and obviously that has affected the u.s. markets quite markedly now michael you mentioned the international monetary fund that has come out with a whole array of threats to the world economy we have betrayed spat between the u.s. and china we have rising debt in emerging countries. what are the most pressing issues here and yourself. well i certainly think they are right to be concerned about the financial system not only i think in china but also i think in europe and i think that's probably why european markets have actually underperformed us small case which you continue to make highs on an almost weekly basis over the course of

the last night. ten months to get the tax money this new all time high in january for this year since then he's shown no inclination whatsoever to go back to those levels and more importantly the footsie made is actually going into paying market territory as a result of an awful lot of the concerns about the banking system in europe but also i think the concerns that the e.u. authorities and i feel so lady louisa maya could fall over the setting of the budget like the houston in london and conrad burns in our correspondent in frankfurt thanks to you both. german carmaker b.m.w. has announced a plan to take control of its china joint venture the first foreign automaker to take advantage of beijing's new ownership rules for the sector b.m.w. will acquire for the twenty five percent stake in the venture with brilliance china automotive for three point six billion euros the company said that would bring its

stake to seventy five percent by twenty twenty two foreign companies were restricted to no more than a fifty percent stake in their china operations so far. to france now in a country with a climate minded president but a country that is lagging behind when it comes to renewable energies painfully long permit procedures have forced the onshore wind market into a deadlock on top of that people's resistance is growing against what they call our big noisy and unsightly wind turbines. this wind farm developer has high hopes for the french market he wants to launch dozens of additional projects like this one. france especially there is really everywhere and you can establish wind farms all across the country that's not possible in other countries such as germany. but constructing new on shore wind farms isn't easy in france it can take up to eight years to obtain the necessary permits and that process is now

facing further delays late last year a court decision declared parts of the permitting procedure voigt. who support. the government should have taken care of this problem straight away it still hasn't pinned down the new permit in process more losing so much time is very frustrating . the deadlock will delay the construction of wind farms that could replace five nuclear reactors by several years and the country needs these wind farms if it is to achieve its green power goals all the more because other renewable energy sources are lagging even further behind economists and i kitty says economic and cultural reasons also play a role yeah says nk well south it nuclear represents three fourths of france's energy production that needs to decline to make room for new boats but shutting down reactors is very expensive and controversial including among the french public

. they're committed to nuclear energy which is a fixed part of their world view down. on the n.r.c. still the government is committed to winning the country away from nuclear power and clear i don't see that it's true that france is focused on nuclear energy for too long but we will change that and reduce the need to share to fifty percent we won't be able to. initial deadline of twenty twenty five that would have required to us to shutdown up to twenty seven reactors by this for five months we've had to abandon that goal and come up with a new and more realistic target to know. the best teach us on this new plan have yet to be released but. still believes that better times lie ahead yeah i'm only a poor guy was questioning me to and he's no longer to the french just slowly but surely recognizing that montreal power is up to three times more expensive than

when the genie thought i think you might eventually produce all our energy from renewable so you know your new job or a dumb enough to mistake goal but that day is still a long way off right now and you will still cover only seventeen percent of france's electricity needs. and that wraps up our program if you want more don't check out our social media efforts for now thanks for the company wherever. you are. thank you. julie june. june

june. june . sure of. what unites. what divides. the money and looks of the driving force of what binds the continent together good answers and stories aplenty the. spotlight on people. on d w.

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