i go to concerts with my parents and i always. hear on for being on stage with the musicians and being part of the magic it was a difficult trip to the first. world famous conductor thanks to all of the not. all t.w. . they're still talking in beijing but come to a result of their dispute trade talks between the u.s. and china are due to wrap up today with few signs of progress as we get some insight from one of the world's top investment analysts. also coming up on european car imports a fret to u.s.

national security and if so what's washington going to do about it. plenty of cars there. but here we are welcome to your business i want to get jones and berlin and we're starting with the latest on those ongoing trade talks in beijing which we in the u.s. and china sources describe the atmosphere as good but no details have been made public reports say there's been little progress on the thorny issues such as u.s. demands that china crack down on forces of force to technology transfers and reduce subsidies for domestic companies later today chinese president xi jinping will join the trade talks his presence is seen as

a sign that china is trying its best to accommodate the u.s. delegation on thursday u.s. president donald trump has suggested he may extend the deadline for the trade talks and push back you tariffs for another two months. we so where are those trade talks headed and what does it mean for the global economy let's bring in renowned investment analyst kenneth fischer who joins us from cameras in washington state where it's very very late good to have you with us on the show ken. this this trait dispute between the world's top economies has many investors extremely worried we know that asian markets are down this morning how big a concern is this for you i don't actually think of a very big concern if you actually think about the maximum number of items proposed to be tariffs and think of the rate as simply a tax which is what it is the tax is at maximum. about four

tenths of one years g.d.p. growth if you just think about that for a moment that's us amazingly small number if we were just talking about having a tax increase instead of having a tariff at that level people wouldn't even blink at it it's the notion of a terror of being disruptive that people fear but effectively get all a tariff as a tax when you think of president term. as i've written about in my annals but columns in germany and also in my focus money comes in germany he is almost always focused on destruction it's what he does and what he wants out of this is not so much about the tariffs itself but perhaps about ip but also he's very focused on north korea and the role between beijing and north korea and from the beginning you can see as he's talked tariffs with china the reaction of kim jong on

to leave north korea for the first time go to beijing three times always in response to something that compass said about tariffs with china all right so you say there's an eerie a motive and let me just pick up on this quote of yours of donald trump being a master of destruction and that not many people actually get to do the chinese get him. i think more than most yes the chinese certainly get it more than europeans get him he seems so crazy to where european that it makes no sense but what he's always done and he wrote about this. in his book the art of the deal people just don't believe that he cries to do it is he makes scream statements does extreme things seems like he's a crazy man with extreme demands and then he ends up settling for something in the order of twenty percent of what he demanded and then he walks away declaring

victory he did that with the north american free trade agreement he's doing now with terrorists in europe and generally he starts big blows up creates the concern of chaos but the chinese or more used to that because they've got a despotic world to begin with they've got a top down control economy and they're used to the notion of extremity all right well as let's just i doubt it would have the hardest time understanding it or arguably an. exact i'd like to pick up on the europeans now and there's one news item i would like to share with you and with our viewers the u.s. commerce department is set to meet a sunday deadline to deliver its recommendations to u.s. president on a tramp on whether imported vehicles and parts pose a national security risk and to outline options on how to address the issue now it could be a major blow of course for the european car industry which has been hoping to avoid the twenty five percent terrorist threatened by trump and us president will then

have ninety days to consider whether or not to move ahead with important duties can import duties for european cars high put you know that's not good news but. why on earth are european cars posing a threat to national security. well of course they aren't simply it's obvious that they aren't i want to make a couple more points however this is a report from the commerce department the commerce department is run by wilbur mills i've known wilbur mills for over thirty five years donald trump doesn't spend a lot of time listening to what wilbur mills says he tells wilbur mills what to do and to the extent that there's anything in this report it would come back if trump was to implement it as part of from doing the same things that he likes to do so often the fundamental feature intuitively is that there is no threat to american

national security from imports particularly germany germany has been importing cars into america for decades out and they produce within the oracle is happy about it. of course of course so when you think about other things that go on that i don't know that people think about heavily most of the cars exported from america that go to china with the exception of tesla but overwhelmingly much more than those made by tesla or made by european manufacturers in america and imported to china so these tariffs are almost circular that the cars that are being made right now in america could be made in america sold in america instead of made america so china. can we have about a minute left and. you started your firm i read back in the late one nine hundred seventy s. with just about two hundred fifty dollars your firm is now worth billions and so

are you so perhaps you can give us some advice we're surrounded by a lot of worries we have the u.s. china trade dispute which has a lot of investors nervous we have breaks it here in europe and nobody knows how is that going to play out. twenty nine hundred is still very young is now a good time to invest it's actually a great time if you think about equities let me make a couple of points the correction that it bottomed in december twenty sixth on a u.s. and global basis and german business. was the correction indoor bear market closest to the end of accounting be your of any and measured history and if you just look at the average aftermath of corrections in the next twelve months which almost perfectly in time parallels to the. twenty nineteen the average is a thirty four percent return for global stocks before dividends the fact of the

matter is people underestimate the funny side some other facts. in history you've only had two negative years in a row if you've had global recession or world war or otherwise negative year leads to positive year the aftermath of a year like last year where the world's economy grew but the market fell earnings rose the market fell is falling valuations the history of years with falling valuations is subsequent years with rising valuations you get just a little bit or earnings growth and rising valuations you get a big positive year all right ken fisher there thank you so much for sharing your very special insights with us and joining us on g.w. this morning thanks for having me monica. well one out of eight german businesses with investment in the u.k. is planning to shift resources elsewhere in light of brics eight and that is the

conclusion of a survey published today by the german chambers of commerce and industry that's up from last year back then one out of twelve businesses and they would move investments out of britain roughly one thousand five hundred businesses participated in the february questionnaire u.k. believe the e.u. in late march. and for more let's bring in our market correspondent. how big are the jitters where you are regarding breaks it. they're pretty big if you look at the stock market not just here in frankfurt but i think europe wide probably worldwide because of the spillover effects it's the next big question next to trade which you were just talking about impacts that i would say at the moment comes right after that and when i talk to the people in the market i have the feeling that both of these issues are wearing which is the premier issue that's wearing them down i don't know but both of them are there's not a very good sound

a bunch here and the business world it's very concerned the president of the german industries of chamber and commerce mr schweitzer said that a lot of companies are concerned britain is the fifth largest trading partner in germany and the industry association says seven hundred fifty thousand jobs directly depend on relations with britain. doesn't come out of the blue they have been negotiations now for the last two and a half years people should be prepared what's the deadline for companies to act. well you know. the business world says that a lot of companies already started withdrawing from britain in the year two thousand and sixteen after the brits that vote for some companies it may already be too late to start preparing. because they have perhaps ships on the way from asia or from strayer new zealand with the goods on the way that will be affected when they arrive here after march twenty ninth and some companies will opt to stay

they'll see it more prudent to take the risk of a no deal for exit that there may be no breaks at all or there may be a direct hit with a deal in the end because they're in britain because they have workers there that know their stuff they have a market there they have customers they have an investment they have they've invested themselves there so some won't elect to leave it all until everything is clear all right he bought and frank a thank you. amazon the script plans to open a new headquarters in new york the decision may have been fuelled by opposition from some of the city's politicians would express misgivings about the tax incentives the online retail giant had been. an easy business update on t w thanks for watching.

it's time to. take a closer look at modern culture from the. culture. has. this is not. that's what video game music sounded like thirty years ago. today's tracks take the experience to another level a sense to him compose

a way that's. featured in many games his music is bound to. his fans he opens doors to. sounds good. oh sure that's so much more than just background music video game music starts february twenty fifth on t w. hello and a very warm welcome to news from the world of culture merrill and here is what's coming up today. we have a round up of music documentaries screening at the berlin international film festival including one featuring the late great queen of soul aretha franklin. and

we meet american comic book artist jason lutes the author of a popular graphic novel set in the bayou. but i'm going to begin with a quotation from the wall street journal from al jolson and mae west to princeton share the annals of popular entertainment are filled with inimitable figures into their ranks we aren't the german singer. i'm quote he and his probably. big stars here in europe and i'm making waves in america and elsewhere max rob is my guest in just a minute but first his music. because i'm. ready . to be. another saddam and the past record classic tunes of the one nine hundred twenty s. and thirty's as well as their own compositions which sound convincingly as if they

came from that era from the news. you are going to.