so. you're watching the w. news live from berlin coming up next e.w. business with javier stick around we'll be right back i will see you were going on monday have a good weekend there but. i'm secure in the volume or that's hard and in the end this is a me you're not allowed to stay here anymore we will send you that. are you familiar with this. with the smugglers with lions. what's your story ready. i'm with numbers and women especially in victims of violence in. take part and send us your story we are trying always to understand this new culture.

you are not a visitor not the guests you want to become citizens. in full migrants your platform for reliable information. comes to. the u.s. deficit reach as high as we haven't seen since 2012 at almost one trillion dollars the trump administration is hoping a strong economy will make up for massive spending while others warn of dire consequences. also on the program the boy 737 max saga continues as investigators now say the plane software was definitely to blame for the 2 deadly crashes in ethiopia and indonesia but there were other besides the factors to.

and south korea says it will stop trying to benefit from its status as a developing nation the u.s. complains rich countries are using their status to play in the world trade. it's time for business on the w. i'm here welcome to the program the u.s. treasury has announced that the country's budget deficit sorts to almost a trillion dollars in the 2900 physical year that's a 26 percent jump from 2018 the trump administration has spent far more than its tax revenue because of the republican led tax cuts taking advantage of a booming economy government spending grew twice as fast as tax revenues the u.s. treasury secretary steven said economic agenda is working while lawmakers fear the government is undermining fiscal responsibility. for more on the subject i'm now joined by the financial correspondent on wall street. these deficit numbers

definitely sound worrying at least how do they fit into donald trump's view of the u.s. economy. well i mean as long as the dollar remains the world currency the damage might be limited you have debt not to repay it but to make new debt and then repay the old debt or the interest but if you look at the overall trend there is no sign that we might see a reversal we rather will see an increase of debt u.s. president donald trump plays around with the idea to actually texas again for the middle class by mid next year we have to wait and see if that's possible with congress and if you look at the democratic candidates for the presidency they're talking about free health care for everybody so that would also increase

spending so there is no real sign of any reversal when it comes to the huge debt load the biggest economy in the world faces speaking of signs of the economy as we saw a lot of corporate earnings throughout this week walk us through what we learned from those numbers now well we had some big hits but we also had some big misses especially when you look at companies that depend on trade or on business with china for example or also caterpillar we're clear missis we have to rigor disappointing quite a bit that stock got tempered by more than 20 percent in the thursday session alone and then on the other side we had some tech names some intel for example coming in better than expected that stock was the biggest winner in the friday session gaining more than 8 percent and then the earnings flow continues next week with names like google or apple for instance by the way reached

a new all time high here shortly before the weekend we'll keep you posted thank you very much from new york. speaking of companies but one that is in trouble 2 very unusual plane crashes involving boeing's best selling aircraft a 737 max shocked the world and started a full on crisis at boeing initial investigations had suggested the cause of the accident was the airplanes engineering well now its confer a report by indonesian authorities concluded that a deadly combination of design flaws inadequate training and maintenance problems led to the 1st incident lion air flight 610 that crashed a year ago killing all 189 people on board if one of those failures hadn't occurred the accident may have been avoided according to one of the investigators. the lion air boeing 737 monks plunged into the java sea only 13 minutes after taking off in jakarta. now indonesian air accident investigators have found that

a critical sense of providing data to the m cast like control system was wrongly calibrated during the repairs they also cited strong evidence that it wasn't tested during installation by lion air engine e.-ring stuff fed with full state of the anti still system pushed the plane's nose down leaving pilots fighting a losing battle to maintain control of the training nor the aircraft manual included information about m cas. investigators also addressed cockpit procedures. were peasy. one. job. well. boeing has issued a statement saying it is working to address all the report's recommendations to

prevent similar flight control problems from recurring all 737 max 8 jets are grounded worldwide boeing is under intense pressure to explain all the problems associated with the flight control system that played the key role in the lion air crash and one in ethiopia 5 months later. now to some of the other business stories we're following for you at this hour united auto workers union members have reportedly voted to accept a tentatively agreed settlement with general motors management the agreement came after a bitter 6 week long strike involving $49000.00 workers which cost g.m. an estimated $2000000000.00. facebook has a new years' service called facebook news its journalists will choose the headlines while an algorithm identify stories based on users' interests media sources will reportedly be paid fees for their stories the move comes amid media anger over tech giants swallowing advertising revenue while paying nothing for articles they post

on their platforms. amazon shares tumbled after profits fell short of expectations quarterly earnings dropped to about $2000000000.00 the online retailer blames the high price of same day delivery of packages from warehouses to customers shipping costs sort by 46 percent. and a month after over $5000.00 tonnes of lubricants went up in flames in a row and chemicals plant french authorities and the owners lubrizol have agreed on compensations the region's farmers lost $40000000.00 euros they were banned from selling their crops and animals after the blaze deposited masses of suit over local farm. south korea wants to stop being called a developing country that means certain privileges granted by the world trade organization like the right to impose tariffs to protect key industries will be

withdrawn sole say is the move is to reflect its status as a leader in technology and innovation but there could be other more predictable reasons behind the move. it is the land that gave us high 5 in robots motor cars and the wizardry of samsung smart phones hard to believe then that south korea would consider itself a developing nation and yet until today it did. by going to reality or pressure the finance minister said the country would no longer use the designation trade talks. you get with you 2 of the we have decided not to seek special treatment as a developing country in future negotiations 1st we recognize that we have authorized he to negotiate sensitive items like rice you know 2nd we will not for go developing country status itself only the special treatment in future negotiations and i'm the one you want you know which are many of them. since it was

founded in 1905 what will create organization rules have permitted members to self identify as developing allowing them to impose high tariffs to protect key industries for. south korea used it to shield sectors including agriculture like rice farming from foreign competition but hong's announcement that his country would not be giving up its developing nation status could be seen as trying to have things both ways and whether it's enough to play keep this man is another issue donald trump has been strong arming friends and falls over the matter in july the us president said that the world trade organization was broken when the world's richest countries claim to be developing countries to avoid w t o rules and get special treatment no more he wrote. among his targets were china and south korea but seoul says its decision reflects its ongoing economic success

and position as a leader in technological innovation others see it's a result of trump's tough talking approach to shaking up the global rulebook on trade. after several fatal accidents involving electric scooters france has now introduced strict control measures including age and speed limits but the schoolers also pose other problems angry paris residents complain that the city's $20000.00 east cougars are left cluttering sidewalks and dozens of them even land in the river sand every day that requires a team of superheroes to retrieve them introducing the lyme scooter patrol. cast your hook out then relayed back in it's a simple english principle the catch just touch to be landed cases like this requires serious effort home and dry this time but it usually means wet feet. like

that one over there where the handlebars are stuck in the case it's impossible for us to pull it out of the water practically impossible you really got to get into the water turn the handlebars call it out and then bring it up on the thought chip for a little bit this patrol hooked 15 scooters inside 3 hours they'll be overhauled and then set free again electric scooter angling might just turn out to be a recession proof profession. so. you already know thanks watching. the bike.

to the point of strong opinions clear positions international perspectives this was supposed to be the decisive week for folks at home and possibly even. whether the u.k. will leave the e.u. remains unclear now the timetables partly after brussels can westminster seal a deal done our topic on to the point join us the team 60 minutes to show you. a. good job it comes.

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trendy tasteful innovative brilliant charming. why did you lose your resistible. job. on t.w. . this is the news africa coming up in the next 15 minutes it's all the west's false zimbabweans march against u.s. and e.u. sanctions the government say is the measure is all stopping economic recovery but is that true. and how climate change has become the laces float to the fight against malaria.