a broken promise from the white house tax cuts and increased spending had supposedly propelled growth to 3 percent in 2018 but a recount shows it missed the mark. also on the show the u.s. justice department approves the merger of t.v. and sprint bringing together the 3rd and 4th largest wireless operators on the race to build super fast 5 g. networks. and talk about temporary housing we visit workers now living in camperdown communities close to their jobs. this is v.w. business i'm on in berlin welcome u.s. growth failed to live up to donald trump's promises of a 3 percent gain last year the government says the world's biggest economy grew more slowly in 2018 than previously thought the commerce department downgraded its

estimate from 3 percent to 2.5 percent the overall trajectory is upwards and consumer spending is buoyant but lou we're spending on building equipment and software led to a downgrade analysts believe the trade war with china created uncertainty. and it's probably doing so still joining me now in the studio is our business reporter clifford coonan and our man on the markets. welcome to you both now what's on the east let's start with the u.s. so trump has argued that his tax cuts and increased spending would be enough to propel growth to the 3 percent mark but that hasn't happened that surely must be a disappointment for him no. disappointed in indeed but he will probably not take any of the blame and keep pointing fingers head to the photo

reserve on its own monetary policy that said after $1.00 trillion dollar tax. stimulus consumption which is a 2 thirds of the u.s. economy was not as strong as initially thought actually consumer spending peaked 2nd quarter of last year obviously rated sharply in the final 3 months of 2013 only to gain back some real steam in the 2nd quarter of the year also did downward revisions that largely reflected downgrades to be snoozing best men suggesting corporations likely not to use the demonic touch pad to invest back into their businesses but to increase programs and actually. be nike engine for stock market performance here in the united states and a way for corporations to increase their earnings per share and bottom lines. policies didn't appear to have worked the way they were supposed to then clifford let's turn to you you've covered china for many years and we know for

a fact that uncertainty over the trade war is one of the things that weighed on the economy what do you think these afresh growth figures will how do you think that they will impact on future u.s. china trade policy from here on what i think a lot depends on the as we've just been saying that whether takes the blame so to speak for whether he's prepared to concede that the trade war is actually weighing on sentiment weighing on the u.s. economy we've seen that it's had an impact on the chinese economy because it's definitely slowing down a lot of that is down to the trade war so i think it becomes a question about how the 2 sides view the overall impact and how each side plays it has on whether the americans in particular see this as a factor in the economic growth. now they will have that meeting next week that meeting between the u.s. and china is negotiators in shanghai. what do you think will happen well i think their meeting in shanghai which is kind of significant itself we've just seen a new growth market opening there

a growth stock market so there's just certain symbolism about it being in shanghai rather than in beijing showing there is going to be a business like approach i don't think we've been sort of already told not to expect too much from the talks that they're going to recess where they left off in may when the talks broke down in the meantime quite a lot has happened but we haven't really seen that much in terms of concrete developments so i think they're going to try and get to know each other again a little bit and then maybe look at these 2 sides and see what direction they want to trade talks to go but the political aspect is still very very strong both on the chinese side which doesn't want to show any weakness on the u.s. side which is very keen similarly not to show weakness and also to try and lord its economic strength over the chinese it would appear then that the needle hasn't moved very much jose luis turning to you know if these trade off is still at least do persist what interventions do you think washington is going to turn to domestically. we already saw you know how into 2nd quarter of these year

just as those in negotiations go public spending from the federal government increased 7.9 percent trumpet ministration is also paying farmers hurt by china round 16 $1000000000.00 to help them deal with that situation so more help should be expected if. a supposed trauma just notice moments ago china tries to delay did a deal until the u.s. had presidential election next year also we will probably see a $25.00 bases points a rate cut from the federal reserve next week with their markets expecting at least and all their one before the year and this will ease and financial conditions for to dollar laurie cut low director of the national economic council ruled out any currency intervention but these possibility is not entirely out of the table just yet moments ago as we said just said that the chinese currency is too low and euro not doing so well clifford coonan in the studio with me and luis de haro in new

york thank you both very much for your insights. the u.s. department of justice has approved the $26000000000.00 merger of sprint and t. mobile america is the 3rd and 4th largest wireless provider but the deal still faces an uphill battle amid fears of job cuts and higher prices for consumers. if the merger between t. mobile usa with rival sprint does go ahead it would establish a powerful new telecoms joined in the united states parent company deutsche telekom has got the market shares of competitors for a rise and a t.n.t. firmly in its sights the new company would have $127000000.00 customers with an evil sales of $76000000000.00. an a-list say the merger could generate cost savings of some $6000000000.00 per year to prevent the new giant entity from dominating the market for justice department is forcing t.

mobile and sprint to divest some divisions to cable t.v. provider dish and to allow dish to establish itself as a mobile phone operator by allowing it access to their networks for 7 years however even that come to spill some lingering doubts about the deals approval the federal communications commission is yet to approve the merger and several states have filed lawsuits against the plan they feel less competition and higher prices for subscribers. now to some of the other global business stories making new. french wine imports could become more expensive for americans if u.s. president donald trump gets his way the president has threatened to retaliate against a new french taxes on u.s. tech giants for their sales there and he once again suggested that higher tariffs on french wine could be the price. u.s. microblogging and social networking service twitter added 5000000 new users in the

2nd quarter of the year its biggest jump in 2 years that helped it book a stronger than expected revenue of 841000000 dollars the social network has now turned a profit per 7 straight quarters. amazon is working hard to increase profit and to do without any workers they should be flexible and not too costly in the us it's now become quite a trend for workers to camp in vans close to warehouses of online giants the w's all over sell it reports. the recreational the hey kill the r.v. a symbol of freedom. home is wherever you take it and were ever work may take you. to. a campground your analysis on where house and sheep are on kentucky is home to a round it doesn't work camp curse it's 2 pm time to get up for robert barker he

works the night shift. good morning good morning robert how you doing and. how is your shift it was great ok yeah easy money man you know basically robert you have your whole life inside that van yeah i've been living in my van for 6 years now. working seasonal work for amazon and i've done some also i've worked a job in alaska salmon cannery have worked a beat harvest and. amazon has been really good to me and it's really easy money and allows me the freedom to do what i want. robert is $46.00 he has no partner no children and very few expenses and isn't pace's camp side has health insurance and $15.00 an hour when he works managing customer returns it's a temporary contract for

a couple of months. the cantor family lives next to robert. ivan 3 to our new. 80 year old ivan cantor is the oldest employ yet amazon's hebrew and warehouse he and his wife law reign work to top up their pensions and they say to have a better life personally i need a home base ah. but. that the ferment i don't like to get out travel to and this gets a free opportunity to do that. more financial security but you have to hit the road to get it perhaps not everyone's dream but it seems to work for something. a lot of criticism about amazon and concern about what the growing online troop industry will mean for work environments in the united states but one thing seems to be clear though the work tempers in kentucky one helping with the lifestyle

a job. well my camper van is parked outside and that's it from the other g.w. business team thank you so much for watching.

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but this is one game we can't afford to lose the world food program fights underworld war helping people help themselves my goal. this is deja vu news africa coming up in the next 15 minutes the islamic movement in the area some of the group's members have been killed after police fired live ammunition just 1st day of protest enough but to keep demonstrating. both lived in just protests is more due to government.