against. you're watching. news coming up next is a new business thanks for watching. sujit after the fall of the berlin wall nov 9th to w. . i was here when i arrived here i slept with 6 people in a room. it was hard i was fit. i even got white hair as the.

language head nodding off this kid's name and could help us maybe to in trouble let's say you want to know their story lines her fighting and reliable information for margaret. from the skies to the dinner table a transatlantic trade dispute over plane subsidies has the u.s. going after french wine and european cheeses and the e.u. may respond with its own duties on items like american catch up. and u.s. investors see the good in the bad news we get the word on wall street. and beat the traffic by flying over it goober launches a helicopter service in york city. and all of board

a major boost for germany shipbuilding sector as chinese crews market returns to growth. this is the business i'm on in berlin welcome frozen fish handbags and catch up those are just some of the american products the e.u. is prepared to hit with new tariffs if the u.s. goes ahead with the ones it has planned what began as a fight over playmakers subsidies 15 years ago may drag on even longer. u.s. secretary of state mark called pay i was given a surprise welcome gift in rome from a journalist handed him some parmesan cheese produced by italian farmers. she asked them to give president donald trump a slice before being led away by security. italian cheese is just one of the e.u. products that donald trump wants to slap new tariffs on. the list includes french wine spanish all those butter coffee scotch whiskey and many other items.

25 percent duties will drive up the prices of those products in the u.s. farmers in southern spain now fear for their livelihoods. those the united states is our main client outside the e.u. that it's a market with high purchasing power with high demand for prestigious quality spanish products and this is the case of all of oil and all of. the new punitive tariffs so the result of a long dispute regarding subsidies given to european aircraft maker air bus the world trade organization ruled that the subsidies were unlawful and gave washington the green light to impose 7 and a half $1000000000.00 of tariffs on e.u. imports but the e.u. is ready to retaliate and has announced tariffs were some $12000000000.00 in response to unlawful subsidies given to us plane maker boeing that w t o is expected to announce the penalty for that in the coming months. you always

defend the free and fair trade these a level playing field and 20 plus. we will not be. but to be. reading and to mean to be. and if someone is imposing their weaves on. we do exactly the same. the latest terrorist mean americans will now have to dig deeper into their pockets for e.u. products that's likely to trigger a sharp drop in sales and layoffs at companies producing there are times. a bit of call has now been restored to us indices but a week services report released thursday caused anxiety among traders the institute for supply management said its non-manufacturing index slipped to a 3 year low more unwelcome news for investors given that the services sector

accounts for more than 2 thirds of the u.s. economy stocks later recovered on hopes that signs of an economic slowdown would trigger more stimulus from the us federal reserve. he joins us now from wall street yes are the markets right to bet on further rate cuts. the likelihood of another rate cut has certainly increased at the last meeting in september the federal reserve said on one side that there is no pre-set course for further rate cuts but on the other side the federal reserve also said they will follow this situation and then act accordingly and knowledge just this week we got those weak numbers from the service industry on thursday we got the week numbers on tuesday even weaker numbers from the manufacturing. we were waiting for the jobs report friday morning but the bets on wall street have increased the bets actually

stand right now at about 90 percent there will be another rate cut by the end of october and that's what we saw on the market after the dow jones industrial average at some point was down by more than $300.00 points at the end of the session we saw in uptick of $120.00 points or half a percent. but how much comfort would more stimulus bring it if the thing that's causing or contributing to all that pain that the trade war keeps dragging on. well what's good for the markets does not necessarily mean that it's going to be good for the economy specially if you look what corporations for instance are doing with all the cheap money they're not necessarily investing but they're buying their own stocks they're paying higher differed so that's good for the stock market for share prices but not necessarily for the overall economy thank you youngs carter

there on wall street for us. europe's top court has ruled that individual governments can order facebook to remove content determined to be illegal it's a landmark ruling is also controversial critics say the decision by the european court of justice infringes on free speech and could allow authoritarian regimes to block critical content even beyond their own borders the case behind the ruling concerned an austrian politician who sued facebook to have offensive comments removed from the site. to call it a connecting flight would be a stretch but has launched something like an aerial ferry to and from john f. kennedy airport in new york city but will demand for the hoover copter ever get off the ground. many commuters and travelers have been turning to ride sharing companies to save money or for convenience now they can escape the gridlock on the ground by taking to the air tuber technologies is hoping to fill

a market niche in new york city with helicopter rides to and from john f. kennedy airport. you know we look at where there's demand we do a lot of trips to the airport from manhattan right now and so 'd we know there's a there's a lot of demand to get from manhattan to j.f.k. and and back both ways and so we think this is a perfect opportunity to really provide value to our riders in a way to get to j.f.k. even faster than they can now. claims the service is intended to reduce travel time but one reporter said a trip from midtown to the airport took 70 minutes including a subway and then nuber ride somewhere to the travel time for a car in moderate traffic. or hopes its new service will help pave the way for goober air a taxi service of electric vertical takeoff and landing aircraft it will be able to operate on

a wider range of routes with seamless connections between cars and helicopters. what we're focused on is what we do really well which is operations and technology and so creating the platform of this multi-modal service that connects you from you know the 1st mile car whatever that might be getting to the sky poured in the future of the help or now that flight portion and then the last part of it we're getting from that last mile border skyport to your final destination where the ones who can kind of pull all that together and we're uniquely positioned as mover to basically solve that really complex problem the helicopter service isn't for bargain hunters the roughly 8 minute flight will cost between 20225 dollars one way but that does include ground transportation. an addition to that. the ride hailing platform also released a new app to connect businesses with temporary workers or work shows available shifts in a chosen region aiming at businesses trying to staff up during peak demand the app

is only available in chicago at the moment but the launch comes as faces of regulatory pressure on its main ride sharing business as well as strong competition . sensing opportunity and the rising popularity of cruises among chinese tourists a malaysian group in germany recently bought a raft of shipyards here to build big boats there but it's paying off. it may not look ship shape yet but you can already make out the best 20 decks this colossus will hold 9500 passengers will get around the long decks using walkways and escalators the whole almost feels the dry dock is being built and. you have you all to do something we took up the whole of the drive dark with the 54 meters. that's the main challenge the sheer size and the amount of equipment that needs to be installed you know. it's taken around $60000.00 tons of steel 6 times as much as

the eiffel tower everything is so much bigger than on traditional cruise ships including the cabins targeted a chinese customers and for people who often share. users on their already fitted they're a bit larger than normal cabins that's a characteristic of the ship overall but there's plenty of room in the cabin to that's an inconvenience of hercules designers referred to a raft of chinese market research when fitting up the cabins they put in voice controlled equipment and variable lighting. for passengers who won t. o. noodles they hold water dispensers in the corridor just like in china. the installation of 3700 cabins is on a tight schedule construction is set to begin on a 2nd identical ship in december. the john cruise ship is due to set sail in the spring of 2021 to cater for chinese tastes it will make short 3 to 5 day trips over

long distances with only brief stays online. and one of berlin's most famous landmarks has just turned 50 the $368.00 metre structure is germany's highest building and a major tourist site attracting around a 1000000 visitors every year they flock to a viewing platform and a restaurant but the tower is still mainly used for its original purpose broadcasting analog and digital t.v. and radio signals for dozens of stations. thanks for watching.

german industries are dependent on subsidies each year the german state pumps billions of euros into the private sector. too much some experts say. others believe that subsidies are necessary. what's the situation like elsewhere in europe. made in germany next.

with this. ecosystem did you know. that more than 2 fives. might want to do. the same comments generously given the result this week up to the base of government on all climate change has just presented its report on the condition obama olson's will see what he said. in 60 minutes t.w. . closely. carefully. no they're simply trying to decode.

discover the. subscribe to documentary on you tube. if economy's a bullet hold with paradoxes the airline industry is just one example state financial support huge tax exemptions for fuel made flanks cheap but what about how carbon footprint and is that our tax money any way a government subsidies to help or hindrance that stuff.