the price for government and corporate. selling out over country. did don't tease fear know how united. starts september 18th on d w. a french unconventional turn of policy is expected from the e.c.b. today the bank's governing council is deeply divided how low interest rates go. asian stocks hit a 6 week high on hopes of a full in the u.s. china trade. is the grass greener on the other side to start wondering about the decision to leave the european union. and then fizzle and let's do business it's show time for the e.c.b.

the european central bank is preparing to wonder what could be aggressive measures to boost the eurozone sluggish economy you now spend at a policy meeting later today could see a foe the cut interest rates pushing borrowing costs further into negative territory the bank could also fire up its buying program again both moves would be intended to stimulate growth and push inflation to just under 2 percent the banks time. and stand by forests are at the e.c.b. in frankfurt what what our expectations conrad today. well then an overwhelming majority of people in the markets predict that the day will lower the negative deposit rate banks pay from minus point 4 percent to at least minus point 5 percent the e.c.b. wants to encourage banks to lend more also some people in the markets predict that e.c.v. chief druggy today will talk louder about potential restart of quantitative easing

you know that's the famous bond purchases something that's meant to keep interest rates super low and encourage investors to invest money in the real economy and not on the bond markets is it what the economy needs a question for. yes a big question the short answer is no the longer answer is that more and more economists are not only here in germany are saying that the ability of the central bank to really boost the real economy with its monetary policy has been exhausted. that money and boring is not really a problem for businesses and that the negative aspects of this want to tary policy like price bubbles on the property markets disruption of the bond markets are becoming more and more of a problem christine legarde for the i.m.f. is next to take over from a druggie in his position as easy be chief will be business as usual from her. absolutely not she is facing a very tough and

a very busy job because she like god already has said that she wants the e.c.b. to explain its monetary policy more and better so that the independence of our monetary policy makers is not put into question even more. than in frankfurt thank you. so e.c.b. they did mario draghi chairs his final governing council meeting today he'll go down as the man who saved the euro by slashing rights and buying up trillions of years worth of bonds he's headed the bank since november 20th 11 and before that god takes over druggy could take a negative interest rates even deeper into uncharted territory and restart quantitative easing in 2012 he made his most renowned policy statement to date in london saying he would do whatever it takes to protect the euro during the financial crisis began cutting rates historic low of 0 percent in march 26th jane is bond purchasing program oiled the euro zone's economic wheels unemployment

started falling and the euro thrived new bond purchases drew to a close late 28000 by which time the e.c.b. had bought up something commercial bonds totaling 2.6 trillion euros so a moment of truth for the e.c.b. economist marcus sorry i've slipped what's for the new name because with markets well sorry i should know if it is worth talking to you and you know what you're talking about i hope so i hope so too you're an economist from saigon tell us what druggy is doing here if he's done the right thing if he's moving in the right direction or if it's any kick the can down the road where there is a lot of public debate amongst one attorney policy expert whether this step which stewart will be taking today is right or wrong so number one he would probably lower the deficit rate 2 point me at minus point 5 minus point 6 and secondly and that's the more important question is whether he will and reestablish the q.e.

program that's an open discussion and we will see what will come out he's done a lot but he hasn't got growth up where he wanted it or inflation he has really done a lot and whatever it takes was really tremendously positive and great sentence his legacy but on the other hand he's going to be the president of the e.c.b. with a name. 8 years' time without lowering it was out hiking without raising any texas texas interest rates over the period of time so that's the 2nd part of his legacy and he has put the p.c.b. into a political environment and we will see what christine legarde will be doing out of it just before christina god comes in do you reckon he's going to take this last opportunity to set spock's flying at at his last meeting today i reckon that he will lower the deficit rate and i reckon that he will do something with a q.e. program so he will end his term as he started it how functional is this whole system such a big player e.c.b.

buying up all these bonds really dominating market by printing money. that's to $64000.00 question how stable the system is because the transmission mechanism the processes do not really work with the banking system the banking system is weak we have politicized central banks all over the world i really cannot answer the question i am very doubtful about the future of the monetary policy system whereas having sat that so far it works but the jury's out whether it will survive or not in the end will present a god change your opinion on that not really she she will look into the strategy o c c e c b she announced it already she will look into whether one different policy mechanisms and instruments. will work and that will end in the end bring a positive result we'll look into inflation target and. and all these kind of things but as politicized form of politician she will probably not

be a hawk in the monetary policy environment because as well thank you very much for coming in today thing. for the united states will suspend its planned 5 percent increase in tariffs on $250000000000.00 worth of chinese goods for 2 weeks until 15 and use comes out to china announced it would exempt 16 different types of u.s. goods from its latest round of a toiletry tariffs president don't trump said on twitter the u.s. move was a gesture of goodwill made following a request by chinese vice premier you pay to delay the new 30 percent tax until october thanks. u.s. president donald trump gave his thoughts on beijing's easing of tariffs. i think they did the right thing i think it was good for them but they took them off yeah i think it was. i think it was a gesture ok but there's a big move people were shocked i was in shock. now through some of the other

business stories making news lawyers for most states and local governments suing. have agreed a tentative settlement with the office is going to make over the toll of the u.s. opioid crisis they say they are on board with a purge offer to settle for about $12000000000.00 some states are still holding out . u.s. regulators of preparing to ban flavored cigarettes vaporing has been blamed for leaving hundreds sick and a suspected to be the cause of some deaths around $5000000.00 minus and an estimated $8000000.00 adults use each cigarettes in the u.s. . general motors is recalling more than 3000000 pick up trucks and s.u.v.s in the united states because of a breaking problem action involves some 3400000 vehicles built between 20142018 after several complaints from drivers. and us oil baron and corporate raider t. boone pickens has died aged 91 he was known for his willingness to take on big corporations

particularly in the moments of weakness it really made his fortune in oil with the company he founded mesa petroleum. majority of welsh farmers to leave the european union now they're getting cold feet they profited from the e.u. . 80 percent of their incomes a british government has promised to continue those payments but there were doubts about that. it was. farmer brian bowen can still count on his trusty sheet dog but everything else has become a lot more uncertain. the big question is who will subsidize welsh farmers after. dr cottle subsidies in the e.u. account for around half of bones revenue he doubts the british government will step in to fill the shortfall after practice that. put an even more burning question is

to whom really sell his sheep in the future. great. but the new markets are not going to be as easy to open up as it is to save the ones that we already have in in europe and not something that politicians don't seem to be able to grasp at the agricultural industry needs to hold on to the markets that we've already got before we look at expanding into other areas which are cannot see going to be taken the volume that the was taken at the moment. bryan bowen is in a minority. the majority in wales voted in favor of bracks and. despite these wind turbines beside bones farm on a 4 lane highway that were co financed by the e.u. . more than a 1000000000 euros have flowed from brussels to wales since 2014. murther to fill

has done particularly well. the center of the former mining town was renovated with e.u. aid. the once shabby town hall is now a shiny new cultural center. but despite this most of its inhabitants want to leave the e.u. . people unhappy they feel the need for change and i think they see that leaving the new would be a change in where i know it's for the better over the us they just want something to happen at this point so i think if we went back to another buy it would probably be late again. too many regulations too much bureaucracy brian bowen knows the downside of e.u. agricultural policy. his son is also skeptical about brussels but with the current brics and chaos both men want to be able to plan securely. in the dock and we just don't know what's going to happen and is our future as i would likely urge for somebody to be. an os was going to happen in 12 months time

like most honest businesses do you know what will happen in dramas time where there i don't know i'm the welsh government doesn't want a hard graft set. here in this office complex british officials are distributing the millions from brussels to dozens of projects in the region. it's no surprise to see the european flag still flying here. if you wish for nice doing business with it.

i'm secure that the work that hard and in the end is a me your not a lot of the year and more who was injured that. are you familiar with this. with the smugglers were alliance of the what's your story ready ready. i mean when i was a women especially a victims of violence and. take part and send us your story we are trying all

with understand this new culture. another villa turn other years you want to become a citizen. in for migrants your platform for a while information. a brand new museum has just been to celebrate the 100th anniversary of the bauhaus movement also coming up. genius. and. well.

the movement was the most influential school of design in the 20th century brought together. and designed with the idea of an integrated approach where form follows function it was originally conceived 100 years ago. as an experiment in education but it ended up having a huge influence on modern design even to this day. a brand new museum has just opened in germany. which is. a bridge between the. span.