a downgrade sends boeing stock into sharp decline and it drives wall street down with it. also on the show fighting in libya drives up the price of oil as investors that worry about supply disruption. and a code of conduct for a brave new world and europe make systems ethical. welcome to d.w. business i'm joined on in berlin thanks for joining us a mixed finish to wall street as investors wait on hundreds of corporate earnings reports a jew later this week but one of the day's big losers was boeing its stock dropped by more than four percent over friday's announcement that it would cut production of its seven three seven max aircraft several analysts are predicting lower profits amid continued fallout from the two recent fatal plane crashes they're saying

reputational damage as well as the max's ability to sell it could eat into market share in the long term. joining us now is our financial correspondent yan's quarter and wall street hello good to see you so we have an unfortunate makes here of a downgrade production cut so the prospect of financial liability for those two fatal crashes is a very a way out for boeing. at the moment there are not really that many good news surrounding boeing and looks like it will take much longer to actually deal with the issues was the seven three seven eight planes and that is not just true for boeing which lost by the way about four and a half percent in value here on monday that alone cost the dell jones industrial average about one hundred nineteen point so without boeing actually we would have finished the day to the upside but we also hear from more and more airlines

american for example saying that it will take much longer to actually get the planes going they're talking about ninety cancellations per day we also got a downgrade for southwest airlines also. facing some trouble and we also saw stock prices of those decreasing here at the beginning of the week a gloomy day for the aviation sector but stay right where you are again while your input on the next story and that's because fee at chrysler is teaming up with electric car maker tesla not to work on more electric vehicles but to comply with the european union emissions rules starting next year the e.u. will impose an average fleet limit of ninety five grams of carbon dioxide per kilometer analyst's wired last week that fia chrysler was the automaker with the highest risk of missing the targets but the rules allow car makers to join forces sophie at chrysler will count zero emissions test the cars as part of their own

fleet bring that average below the limit. now yes i have to say this is a slightly it jarring now is on moscow's often touted his vision of a carbon free future is a healthy other car makers watered down their own emissions figures really the way ficker really the way forward. well if you look at tesla you have to consider that this company is facing a huge debt load and we do not have any official hundred numbers yet but some wall street analysts are expecting that tesla could get about five hundred million dollars from chrysler for that deal so that is money that certainly can they use and then it is a controversial topic we do have emission trading if you look at their big industrial corporations especially in europe so that's the big debate actually

companies with those higher costs and so it is not that it does not come to a price for fear of chrysler easier so that. it was facing this higher cost that companies actually might consider to produce less emissions so it's a it's a tricky and very controversial topic at this point but if you look at few of chrysler and ford tesla at least business wise there seems to be a win win situation a balancing act for a fee at chrysler and tesla thank you very much and carter on wall street and it's all eyes on libya as of the continued unrest threatens to reduce oil output on the world market the threat of supply disruption send the price of oil climbing to five month highs the prospect of protracted conflict has investors place for racing for more price. the fighting in libya sending shock waves far beyond the capital of tripoli and it could soon have an impact on

global energy supplies as well. libyan oil fields like this one produce around a million barrels of oil a day and the renewed fighting is threatening to disrupt output. for opec members at least that's good news the organization of petroleum producing countries scaled back production at the end of last year in an attempt to raise oil prices and so far it's worked well prices have rallied by around thirty percent since the beginning of the year we do want to stabilize the markets and keep them stable i think we're getting to a stage where the inventory is are starting to stabilize and come down but there's still significantly above what i would consider normal levels. however the block is being tight lipped about any plans to expand output after its next meeting in june if the fight for tripoli impacts libya's oil production that's likely to drive up prices a temptation for oil producing countries to open the taps that's because current

prices of around seventy dollars a barrel remain below the level many member nations need to turn a profit. shares in general electric sunk by nearly six percent today after j.p. morgan downgraded the company's stock but as regulators find out the u.s. are at fifty two million euros for filing a misleading application to take over denmark's wind power turbine company authorities and brussels eventually approved the merger after g.e. revised its application to. the european commission has unveiled ethics guidelines for artificial intelligence including for example an taining human oversight for ai for ensuring the algorithms are biased these guidelines for so-called human centric a.r.e are to be piloted from member states where the central question being can ai really be made accountable. artificial intelligence

offers great potential for work mobility and medicine using thousands of x. ray images researchers at stanford university have trained their own homegrown ai to conduct diagnoses or you have to do is photograph and upload an x. ray and wait a couple of seconds for the result. and it's this thing over here is a possibly cancerous lesion and i can see that right over her. controls through even apparently on remarkable data like how a body moves while walking algorithms can use such data to recognize potential signs of conditions like parkinson's signs a doctor could easily miss but caution is advised. of what we see might be great but it throws up ethical questions which need to be answered alongside the developments we make and we don't want to situation where we are very ethical that fail to progress nor should we just freely develop things and ignore the ethical

side. take google's intelligent microphones for example google itself warns in some detail what can be derived from household sounds like the length of time we spend brushing our teeth or whether we argue or if someone in the household is sick who. is to take over the world. to direct our thoughts between person and person or communication about official intelligence grants huge power to silicon valley's tech companies gemini's justice minister wants data monopolies to be broken up as a sling and that's how this can we must adapt antitrust law to the needs of the modern age for example facebook's takeover of whatsapp should have been prevented by antitrust law because it was completely clear what it would lead to namely a massive concentration of data being collected. and consent. there's no avoiding

it the ai revolution is coming the question is can ethics keep step with progress shareholders have kicked carlos colon off the board of. that's the company that he was once credited with saving but charges of financial base conduct have dogged a goal making the japanese carmaker eager to sever ties with him. holders arrive to decide the fate of carlos going at a meeting that began with an apology. behalf of the company allow me to express my sincere regret for any concern the recent events may have caused. the voters like our urged investors to trust the board and dismiss carrasco. the final decision on the criminal charges will be left to the judicial system. however the two asses of the issue is remove all on the grounds

of breach of corporate ethics even of one is this misconduct would lead to the dismissal of any executive or employee you know just before his fourth arrest last week going again denied the charges against him saying they're part of a conspiracy within this hour to discredit him and his plans for the company nevertheless shareholders did as they were told and approved his removal as the comic his chair in the it's really such a pity he was a brilliant executive i guess he became complacent as he was being praised so much . before the procedures you read this is so disappointing but when he came forward with his survival plan not just me but about twenty thousand employees across the world who fired the work as we now see you have so much money to spare and squander i feel there was no need for him to fire as i really don't get it. and that's it for me and the d.w. business team for more business news and features you can always go to our website

d.w. dot com slash business thank you so much for watching. nico

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