darkest times during. w. germany's by a group is facing its shareholders today and it's probably not a friendly meeting as the chemicals giant grapples with the fallout from the monsanto scandal our correspondent is at the shareholder meeting with the latest. also on the show one day after denounced it was abandoning merger talks with canal spunked dogshit that reports a better than expected profit for the first quarter twenty nineteen. and mass

confusion over economic jargon has prompted one you tube are to set off a channel dedicated to breaking it all down. hello and welcome to your business i want to get jones in berlin good to have you with us german chemical joined by is facing its shareholders at the group's annual meeting today and it could be an uncomfortable encounter by a house been caught in the crosshairs of environmentalists and lawyers following the takeover of the us agricultural group monsanto since then buy a share price has almost hot because month some toes weed killer roundup is highly controversial. just a few weeks ago a us court ruled that edwin hardiman concert was caused by years of using the weed killer ground up. it's the second ruling that's gone against monsanto which buyer acquired last year in both cases the company was ordered to pay out tens of millions of dollars in compensation fire has appealed and the outcome is still

pending the cases have prompted many more people to come forward to hold rant of responsible for their accounts or to this could prove to have been a very expensive takeover and it's reflected in the figures since the acquisition talks began their share price has almost halved investors are calling it a disaster how the story continues depends on which studies the courts believe the active ingredient in rancho called glide for safe has split opinion among experts one study by the world health organization says glyphosate probably does increase the risk of cancer and other by the same body says it doesn't. but your c.e.o. very naturally side with the last interview he was the one behind the monsanto deal the largest purchase ever made by a german company buyer had hoped the sixty three billion dollar takeover were driver to even more profitability instead it's been forced to tighten its belt ten

percent of its workforce is to be cautious employees and shareholders are on edge and with more legal battles looming the company's image has taken a battering to. a rather let's cross over to born with the by annual shareholder meeting is taking place and hyundai is standing by. the meeting kicked off just a short while ago what's the mood like. well monica the management of bio would be hoping that it does not get a reception that its shareholders are getting here from protesters behind me on my left are the shareholders who are still walking inside for the a.g.m. but they have been given quite the near full by the criticism all morning and the management would be really hoping that it's not repeated inside the building well

the shareholders themselves are angry with the buyer actually went ahead with this deal with monsanto they clearly feel that they underestimated the legal risks and now prominent shareholder advisory firm advising shareholders to not give their vote of approval to the management team and do that this is by by and large of a symbolic vote but it does it is a key gauge for shareholder sentiment and a low enough approval rating could mean trouble for the chief executive so what can he do mr power on the chief executive to a piece that is angry shareholders. well he's already been doing all sorts of interviews and trying to allay the concerns they have hired legal experts and other experts some other field. concerns and to reassure the shareholders that. the board actually acted in good interest and they're fulfill

the duties while executing the deal however i feel it would be difficult to convince the shareholders who've lost a lot of money ever since the deal has happened like you mention half the share of the value of the shares they're already trading at have that value too clearly it would be difficult for them to convince the shareholders who feel that now the ball is in the courtrooms rather than in the ball in the boardrooms right well as a dish in a nutshell has been i underestimated the size of the month son to round up scandal . well the numbers definitely suggest zero. and dropping the numbers apart from the loss in value that the that the company has fears or even the loss of value for the crop science division which has come down to zero the cross and division is where the round up is now apart from that the number that is staggering is that even if you apply the penalty that has been awarded in two cases against by your buyer is staring at something

a one trillion dollars worth of penalties if the cases come through the right hand of a reporting from the by annual shareholder meeting in bonn thank you so much. germany's biggest lender deutsche bank saw its profits saw by sixty seven percent in the first quarter of this year the company is confident of reaching its full year targets for twenty nineteen dollars she said its net profit had grown to two hundred one million euros from pair two hundred twenty million humans here earlier while revenues saw a nine percent drop to six point four billion euros the numbers come just one day after commands found abandoned their talks on a possible. i want to bring in our financial correspondent a leap out so it's standing by for us at the front foot stock exchange really two hundred one million a euro's isn't that much really when we talk about

a global player what do investors have to say about it. because they say exactly the same thing i mean the rise sixty seven percent sounds great any company would almost be pleased by that but you know the absolute number is pittance it's nothing compared to other banks just today the roll bank of scotland for example in the middle of a market which as you said buybacks that is making a quarterly profit of over a billion pounds and so you know that's a whole different number there and we're not even talking of the american banks here and add to that the disappointment of the investors that well profits rose revenues dropped and that means that business is going back now with this first quarter down nine quarters in a roll and the deutsche bank has not figured out a way to stop this draining and that's something that's worrying investors the shares going down here considerably in

a market where most shares are doing quite well today now the c.e.o. of delight chip and saving said that cost discipline played it big role in the bank's return to profit but is cost just plain enough. no it's not it can counter a little bit the effect of the revenues so a profit is there in the end but it's a meager profit it has to do more than save costs but having said that it has to save costs probably more than it has so far the merger talk revealed how many jobs would be at stake if both banks were really to operate efficiently and make a merger work but i think that goes for each bank individually as well as painful of that is and as difficult as it is and to put through in the come in a country like germany where workers have considerable rights. which is great but it's also tough to really cut costs when you are in a bit of trouble but much more has to be done to raise revenues to get customers in a different way and to fend off attacks which are lapping which are priced nipping

at the tail if you will they're ready to their road they're ready to attack. them from for thank you so much. take joined us on the doubled its profits in the first three months of twenty nineteen compared to the year before the company's push into advertising and cloud computing played a big role in the pay off in its first quarter earnings results the seattle based company reported a net income of three and a half billion u.s. dollars that is seven point two nor to nine dollars a share revenue rose by seventy percent roughly sixty billion dollars spoke to the company has also come under scrutiny in recently as amazon paid zero percent federal income tax in the united states and twenty teams. are let's be honest if you ever watched the business news and then ask yourself what are they talking about well you're not alone the business world has its own

language g.d.p. i.p.o.'s and be oh my god it can be intimidating when now one you tube or is trying to make it less frightening and her approach shoot. if this kind of scene makes your eyes glaze over in boredom or in comprehension you might want to enlist the help of mrs dow jones the self described finance influencer has set herself up big goal making the market interesting and relevant to millennial so. after wondered what an i.p.o. is here's an explanation you've probably never heard before. you know how it's like a huge deal to go public with a relationship it's also a huge deal to go public with a company. car except instead of just posting. status he spoke of going public with a company it is

a bit more complicated to hard core finance and pop culture may not be natural bad fellows but the you tube or whose real name is haley sachs believes she's found a perfect way to explain finance to a younger generation. it was her own confusion about wall street that prompted her to set up a you tube channel and so the stock market had always been around my entire life my dad worked on wall street third and my mom but i had always felt really confident about understanding and truly it just sounded like german to me her finances cool message has garnered her a following offline as well as on at a recent event in jersey city she addressed a crowd of young people on issues like phones and real estate investment trusts i really like. this is down to earth as you said because it made the language a lot more available usable to everybody if there are you know you would have the

financial industry i want to work mrs dow jones stresses she's not a financial advisor and simply wants to get a younger generation to understand how and why money makes the world go round. a probably would be a bad idea for all the people like me that is your business update here on d w you can always find out more online it dot com slash business or you follow us on facebook and twitter for me and the team of l.n. thanks for keeping us company.

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injuries. floods and droughts climate change become the main driver for mass migration you couldn't write any a book on a piece not if you want and probably most of them to come to. the clinic starts a good thirty s. on t w. welcome to news from the world of arts and culture is it the biggest movie of the yeah avengers endgame is opening around the world this week we'll be talking about that and. a norwegian virtue as a violinist who's getting rave reviews for how expressive playing. and a german student whose photos transformed great of an architecture into colorful fantasy .

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