cross-currents weighing on the economy that's how federal reserve chief a towel described the state of affairs in the strongest signal yet at the world's most powerful central bank could cut rates this month. the end of the road for the forgotten beatle as the very last edition rolls off an assembly line in mexico. in monaco becomes the 1st european country to be covered by super fast 5 g. 8 her to see of controversial chinese firm walk away. this is d.w. business i'm joined now the milan in berlin federal reserve chairman jerome powell has boosted expectations for the 1st u.s. interest rate cut in a decade to be implemented later this month and testimony to congress power pointed

to a broader global weakness clouding the u.s. economic outlook amid uncertainty about the fallout from trump's trade conflict with china and other nations president donald trump has been pushing paul to cut rates and has repeatedly said he has the power to fire the fed chair if he doesn't comply. our financial correspondent joins us now from new york tell us ans how did powers comments go down on wall street. new records simple as that for the very 1st time ever the s. and p. 500 crossed the crucial 3000 point mark at least during trading and there was one word that jerome pollard stressed again and again and again and that was the word uncertainty uncertainty about trades uncertainty about global growth and this is

pretty unusual that a fed chair stresses so much external factors that are not actually under the influence of the federal reserve or even of the u.s. administration when it comes to global growth growth but there is no 2nd guessing you on wall street that we will see a rate cut by the end of the month even if it might be smaller than some investors on wall street had expected now of course we've been seeing a lot of pressure from the white house on powell and he's been putting up a show of defiance shall we say saying that he can't be made to step down on the other hand it looks like trump might get what he wants from powell in the form of a rate cut what do you think this means for the fed's independence. it is not unprecedented that a president or not been astray shouldn tries to put some pressure on the federal reserve but it is pretty unique how directly and how often and. u.s.

president donald trump tries to put pressure on the federal reserve giri to get impressed by that. i would for a debate but we also shouldn't forget the federal reserve is not a one man or woman show this is a committee that makes the decisions but we also got the fed minutes here on wednesday and they showed that a couple of fed members already in june were kind of playing around with the idea of cutting rates already in june but it's really tough to tell if the fed members get influenced by the u.s. president or not but either way it looks like even as we are right in the middle of the longest economic expansion in the history of the united states we still got it or will probably get this rate cut by the end of the month and as we've seen in the past usually one rate cut doesn't come alone so once the federal reserve starts cutting rates there might be more cuts to follow thank you normal for me and quite

a there on wall street thank you very much. staying with donald trump he said to order an investigation to into france's planned tax on technology companies potentially opening the door to new tariffs or other trade restrictions from washington french finance minister bruno lemaire said in march that a 3 percent tax on the french revenue of some 30 large internet companies could yield as much as half a 1000000000 euros a year the companies are mostly american but also chinese german spanish and british. u.s. billionaire jobs a rapper jay z. is entering the fast growing cannabis industry the musician is partnering up with california based pot firm he will act as the chief brand strategist for the murray want a company which runs a cultivation facility and a retail store j.v. is just the latest high flying u.s. library to go into the pot business rapper snoop dog owned his own cannabis brand called leif spice and oscar winning actress goldberg launched

a line of marijuana products and 2016 to provide relief from menstrual cramps. from a car that was created with the help of hitler and nazi germany the 4th beatle has undergone decades of rehab alliteration to become the much loved pop culture symbol it is today after more than 70 years in production however foxconn has turned out the final model of its iconic beatle from its mexican factory and. dozens of mexican factory workers put the finishing touches on the last of the bug shaped saddam's kind a limited run of 65 models. might well be germany's most iconic. production started in 1938. almost 22000000 v.w. beetles rolled off assembly lines all over the world. including here in mexico.

the last mexican made classic beatle may have hit the road 16 years ago but the vote shows as they are living it called remain popular to this day. but will settle but it's built for the hills in the woods don't get uphill and the old ones can climb any hill without a problem people trust them with them we can take customers safely to their destination i guess that's why the virtual is so popular here the newer the of the beetle never gained the popularity of older models but they still have their fans. too so you got covered over here i have gone out on the road honestly the car has responded very well i like anything it needs shooting and adjustments but the car has turned out to be very good. so you. know the roadsters long ride is finally coming to an end as the last of the new model beatles rolls off the

same production line where the last classic beetle was made. for some time now europe has been under pressure from the us to ban the chinese tech supplier wall way from building its next generation 5 g. mobile networks it's a campaign that hasn't been entirely successful the tiny principal principality of monaco has become the 1st european country with full 5 g. coverage made exclusively with while we gear. nearly one in 3 residents in the southern city states on the french riviera as a millionaire and the rich demand fast internet with super fast wireless access 5 g. mobile networks offer a much greater danger transfer speeds. monaco telecom signed a deal with while way last september to make it the 1st european country fully covered by 5 g. . officials attending the launch hailed its technological prowess he spoke to more data you carried more efficient your network needs to be even 5 g.

is revolutionizing the network universe. because it needs less electrical and radio electrical power i can carry a lot more data. a firefighter said 5 g. would make emergency services more efficient. sensors will allow us to guide firefighters so they can reach a disaster location faster these sensors will tell us about a temperature rise or visibility dip so we can reach a location faster introduced to the. way as monaco telecoms biggest supplier vice president gore paying said the monaco would help showcase how while ways tech despite its small size but europe is struggling over while way washington believes while way is linked to the chinese military and has raised espionage concerns the u.s. has lobbied its closest allies to reject weiwei. ordinary consumers though like 5 g. speeds and many european governments including germany have defied washington and will use far way at least in part it's not just monaco's tycoons who want speedy

networks. in dublin hundreds of irish the farmers have demonstrated against a trade deal that they fear will gut their industry but you markus our trade pact approved a 2 weeks ago forms a total market of 780000000 consumers but ireland's farmers say competition from south american imports will kill off their livelihoods. virus farmers turned out on mess outside parliament to put the boot in they fear that the e.u. mercosur deal will destroy their industries. the big problem we have as farmers is to double speak what in the new. day they have restrictions on farmers environmental restrictions on farmers all around europe how we have to farm in an environmental way. and then suddenly they will do as you would a country that absolutely floats stuff. part of the deal in those opening e.u.

markets so in 100-9000 tons of south american beef every year. if you were not able to take this stuff days after talking about bringing down the price of beef by flooding the market with cheap markets liking what do you got in ireland and other european countries like france farmers are the predominant voice against the you meccas who are agreement in particular its controversial agricultural quotas however brussels says the pact with the south american bloc will save european companies over $4000000000.00 euros in tariffs every year. a barbie girl in a barbie world isn't what it used to be a manufacturer mattel is hoping to encourage more girls to expand their horizons and consider careers in the space industry so they created a new doll that looks like astronaut. christopher reddy the 42 year old was the 1st italian woman in space to this end but tell cooperated with the european space

agency the partnership is part of barbie's ongoing dream gap up project which is aimed at challenging young girls beliefs about their possible futures. and that's it for me and the d a w business team for more check out our website the d.w. dot com slash business or a social media i'm joined all the milan in berlin thanks for watching.

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