and just her city produced a clinical display the. 3 no and to go. back to draw 22 with your. archer watching the. next with your business stick around i'm sure he did join your company. the school district as it seemed. to understand the. need to take a closer to. experience

knowledge. today. david. w. bush. the us federal reserve cuts interest rates as expected but leaves investors guessing its further steps later this year but the lack of clear signs also upset president donald trump will have the details. and also on the show the federation of german industry speaks up against a hard break sit and urges london to stop what it calls disturbing politics. for

business on the w.b. i'm how you get us it's good to have you with us the u.s. federal reserve has lowered its benchmark interest rate for a 2nd time this. here the central bank hopes the quarter percentage point cut will help cushion the u.s. economy against a global slowdown worsened by the us china trade war the move could help strengthen business fixed investment and exports which the fed says have weakened the u.s. central bank has also faced intense pressure from president donald trump to cut rates amid washington's ongoing trade war with beijing. and for more on the subject we're now joined by w.'s financial correspondent on wall street jose luis they are the office of reasons good to see you and the markets briefly went down and this announcement why when a rate cut was so highly anticipated by investors. i would say happier because of the division inside of the federal reserve own wanted to do next it is important to

highlight that 2 board members of the boeing c. did not support the rate cut as the top into in july well and although wanted an even deeper ocado 50 basis points this equation leaves investors and gives a new world will happen in the near future if we take a look at the dot blog where defended gave forward guidance it seems that we are done cutting rates and not only for days to year but also in 2020 but if we take up all the moving to what this 17 members that contributed in 2 dozer projections at least 7 expect another cut these year chairman paul said the economy is doing well so far but also agreed that if prepared to be aggressive if necessary. no has a risk from what we've seen dollar trump wasn't pleased by the announcement either so what does this mean for the tense relationship between the fed and the president . was definitely not happy and we'll keep pressuring the fed in the coming days weeks and probably monsoreau to lower rates to 0 there is no doubt

about that product as much as he can tweet the u.s. central bank is independent as we mentioned before part of the division of opinion so when it comes to monetary policy it's a real proof of that independence that just one person doesn't make these morning policy monetary policy decisions they're falling see how stand voting members a total of 70 members contribute to projections having forward guidance so it's safe to say that monetary decisions will be based on incoming data and not president trump's tweets but it's different be safe to say we will see more of those tweets thank you very much as a result or on wall street for us. meanwhile here in europe as the breaks a deadline of a tobar 31st comes closer voices urging westminster to find a solution are getting louder the federation of german industries has spoken up now and says the u.k. is playing with fire while describing british politics as disturbing the federation warns against the consequences. increased unemployment slowing trade

businesses going bust supply bottlenecks and a weaker economy german business lobby the b.t.i. paints a gloomy picture of what a disorderly breck's it could look like investments in the u.k. has already waned and companies are spending billions preparing for britain to crash out of the e.u. despite that provision the b.t.i. is still anticipating the worst the node scenario is the worst case scenario that we have been preparing for for more than 3 years now and we never hope that this is coming true but at the moment it looks like this worst case scenario is the one only scenario that will happen even so you that p.d.i. isn't keen on the idea of extending the brics it deadline beyond the end of october as some politicians in london want to prolong it this far has already brought enough cost and uncertainty in our opinion they can only be an extension when it is connected with the target why do we need an extension what for perhaps for

a general election or even a new referendum there are parties in westminster arguing for both. we strongly urge the politicians in london to come up with new suggests how to solve the backstop issue or how to accept their withdrawal agreement which would be good for businesses on both sides of the channel wherever the brics it saga goes next the b.d. i feel is the damage is already considerable and can only get worse for germany and europe and most of all for the u.k. itself. now to some other business stories that we're following for you u.s. president donald trump has announced plans to introduce substantial new sanctions against iran the white house has blamed terrine for an attack on saudi arabian oil facilities that cut off 5 percent of the world's supply of crude oil existing u.s. sanctions have already crippled the iranian economy. india has banned the sale of

electronic cigarettes and another blow to the industry it comes a day after new york became the 1st u.s. state to outlaw flavored east cigarettes following a series of deaths linked to vapor the indian ban also includes the production import and distribution of easy. african swine fever and growing consumption and countries like china have significantly increased european pork exports but the boom may be short lived stricter regulations in europe require more animal friendly conditions that can only be met by making bold investments for many small businesses it's simply too much. they're busy in the cold storage unit at the simón slaughterhouse in reiman polack net these poor carcasses are being exported to china since april deliveries have sharply increased african swine fever is rampant in china at the moment it's estimated that

around 200000000 pigs had to be called. in all of europe there are currently around 136000000 pigs just compare the numbers if all of europe were to sell every last pick to the chinese we still wouldn't be able to close the demand gap the. farmer directionals the pentagon has profited from the increasing exports he sells his piglets were the highest price in years but he's still not happy about it as new laws on animal welfare and environmental protection are pending for example sounds are to be given twice as much space for the farmer it means cutting the pig population in half or increasing the science of the stables that could cost up to $5000.00 euros per stone. because with higher costs and fewer benefits we're supposed to invest it's in comprehensible especially since it's not known if the african swine fever problem in china will be solved if it is

then it's not certain what will happen next prices will go down and we'd have to compete massively on prices with other countries that are causing other big problems that we think will be in fields. many farmers like handling by ship don't want to invest in new stables compliant with new animal welfare and environmental protection regulations by should chose to give up his farm all his pigs have been sold and the arable land lease to remain competitive he would have to take out a loan to build a new stable the 40 year old hesitates to make new investments. you know there's also that's a lot it's not that easy. a 1000000 euros there are so many regulations you have to comply with right. now around 2200 pig farmers have given up in the past 2 years to meet the demand ban on is buying things from france and belgium and spain the number of pigs has even increased by 4 percent. in

spain pig farming has a social value it's an important economic sector as a rule the requirements are not as strict as they are here so for course more pigs will be kept there than here it's. a paradox in a period of extremely high prices for pork farmers are insecure about the planned animal welfare and environmental legislation it's making them reluctant to invest on. indonesia is saying enough to plastic waste coming from industrialized countries and it's a serious message the decision to send containers back to where they came from was unprecedented and made headlines all over the world now we're seeing the consequences of it in june germany for example have to take back containers full of old plastic no one wants to deal with the business model itself is actually in scandal indonesian companies by containers of waste from industrialised

countries to recycle and resell as raw material. this garbage is often full of toxic materials and the indonesian government has had enough of it. customs officials are taking a look at imports of 3 suspicious companies this container comes from australia. 547 containers must be sent back but we have 2 sides let these containers go. since china close its borders for plastic waste last year more and more of it has landed in southeast asia in the philippines. or indonesia customs authorities and all those countries are now tightening their controls governments there don't want the region to become the dumping ground for the world. and before we go japanese inventors say they've come up with a new way to keep a cool head which is a difficult thing to do during japan's intense summers it's

a baseball cap the antique heat that has been invented by a company that traditionally makes protective headgear but is now hoping to make it in a new market ventilation technology inside the capital aus cool air to be drawn in and warm air to be forced out. hoping to have it on the market in time for the tokyo olympics coming up next year. and we'll probably see everyone wearing those hats that's it for me and the business team here in berlin thanks very much for joining us and remember you can always stay up to date with the latest business headlines on our web site that's t w dot com slash business or follow us on social media and the next time they came to.

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