context of. we residents of social housing will not listen to. local people hope that there will be real change in the future and they want to see faults like those in grunfeld tower remedied in other buildings to avoid a repeat of the disaster. you're watching u.w. news or rob watch is up next with the business of the record. welcome to the what is the good here for details. we're going to talk about the. coverage that's a. pretty. good. job . here front of your own tony do you see it here when your mother was born in 1969 the world was already 8 years old you know my grandchildren were born

after the war born in reno find. 3 generations one family on a journey through a recent german history and the bombing. starts to number 6 on t.w. . the federal reserve takes us interests interest rates down another notch but after it's the reduction this year the fed says it will think twice before lowering rates again. falling tax revenue may force 6 to tighten its belt meanwhile the e.c.b. chief warns germany to spend spend spend. and fit chrysler in persia thought to be in the fast lane so merge creating a car making tyson valued at $50000000000.00.

then welcome to d w. the u.s. federal reserve has cut interest rates for the 3rd time this year the central bank lowered the benchmark rate by a quarter of a percent to a range between 1.5 and 1.75 percent fed chairman jerome powell has been under pressure from president trump to cut rates to 0 or even lower the federal reserve told investors it would cause to reassess the economy before making further cuts. well in his press conference after the announcement fed chairman jerome powell explain the thinking behind the decision we took this step to help keep the u.s. economy strong in the face of global developments and to provide some insurance against ongoing risks business investment in exports remain weak and manufacturing output has the climbed over the past year. sluggish growth abroad in trade

developments have been weighing on those sectors. looking ahead we continue to expect the economy to expand at a moderate rate reflecting solid household spending in support of financial conditions but let's get more on this from our financial correspondent yens quarter in new york is what's come from the fed today what we were expecting him. it was precisely what we expected there was also a change of wording in the statement of the federal reserve and that is hinting that this 3rd rate cuts in a row might be at least for now later in the press conference to roll also mentioned that something material would need to change should to justify in other rate cuts so that makes it less likely that we will see another cut this year and probably also not at the beginning of next year all it's always certainly depending

on how the economy develops but that seems to be it and it was a bit of a surprise that wall street actually reacted positively to the fed statement blue chips were up by a good 100 points and speaking of the blue chips we've had results from apple and facebook our those 2 giants in the tech world holding up. you know both kind of was their numbers in after hours and both exceeded the expectations from wall street by quite a bit if we look at facebook one positive clearly was that for the 1st time in about 2 years facebook saw an increase in the north america so in the united states and in canada for their daily active users and apple if you look at i phone revenue it came in about $1000000000.00 higher than expected also overall revenue

and profit much better than expected ended least for episode was a rather upbeat for cars for the ongoing holiday quarter and that stock is toying around with the new all time high just recently apple actually surpassed microsoft as the most valuable company on the planet. as our financial correspondent in new york court thank you very much. now a major new automaker could be about to be born fear and persia have confirmed they're in talks about a possible merger it could create a car making giant with a market value of $50000000000.00 our reports suggest persia's board has already given the deal the green light. fear that chrysler is under pressure the italian american company has failed to invest in electric mobility its brands like jeep

chrysler and dodge rely heavily on large gasoline engines. francis. is more advanced when it comes to turkey but it doesn't have a big foothold in the u.s. . car experts and the french government which holds a 10 percent stake in peugeot therefore agree that a merger makes sense. we believe that getting stronger and becoming the 4th largest car manufacturer is the best way to protect jobs and to guarantee that we can compete effectively and fight for employment. after germany's folks fighting japan's toyota and the french japanese hereto nissan alliance the merger would create the 4th biggest carmaker in the world with a sales volume of around $9000000.00 vehicles annually but some fear that the streamlining process could result in cuts underperforming plants and superfluous departments and it's that that's caused particular alarm at peugeot's german

subsidiary opel all the more so because both france and italy have said they don't want to see any job losses in their countries. now the world organization for animal health is warning that's no country is immune to the risk of african swine fever asia has struggled to contain the deadly virus which was 1st detected in the world's largest book producer china last year it's since spread to vietnam cambodia and the philippines the outbreak has driven chinese prices to record levels and there are fears the virus could kill a quarter of the world thinks. around 2000 ukrainian farmers have been protesting in kiev against government plans to lift a ban on the sale of farmland. they were worried about foreigners taking control. the government said last month it would allow the sale of land starting next year

to boost investment farmland has only been available for rent since the soviet period. now germany's public coffers are often described as overflowing keeping them topped up is so important and it's even in the law but tax collectors have warned the bundestag it may soon need to tighten its belt as tax revenue starts to fall nevertheless germany's euro zone neighbors and incoming chief of the e.c.b. christine legarde already in germany to loosen it wallet to fend off a possible recession. solid growth low unemployment and yet modest government spending for long this has been the german government's economic mantra but fresh estimates suggest state coffers may not be quite so overflowing in the future the government's expecting to take in $1700000000.00 euros less in tax revenue next year than previously forecast and over $7000000000.00 last by 2023.

recent years have cemented germany's frugal back with the government making a balanced budget a cornerstone of fiscal policy that something many economists are not calling into question among them the new head of the european central bank christine legarde. i'm saying that those that have the room for maneuver and those that have a budget surplus notably germany and also the netherlands why not use that budget surplus and invest in infrastructure which currently needs investment contrary to what people say why not invest in education and innovation. legard is among a growing number of voices urging germany to spend more not just to spur growth at home but across europe elsewhere in europe with an election in the u.k. now set for december everything remains possible in terms of brecht's it hard soft or none at all the uncertainty for business drags on to

a good example is islands tourism sector where there are concerns the visiting brits may soon need visas tens of thousands of jobs could be at stake. this charming train takes visitors on a tour of goal with city in the west of ireland it was the brainchild of terry money an entrepreneur who relies on tourism he's worried about how the wrangling over break that will affect his bottom line. british tourism calls for 30 percent over 30 percent tourism trade in art so i think. that's going to affect that we don't want. experts fear that a disorderly brags that could lead to the loss of some 10000 jobs in the irish tourism sector. ireland's west coast has traditionally been a popular holiday destination for the british many holiday homes here but now that sector's beginning to feel the effects of bragg's of.

this. lucy incidence depression to. this is our earth. as people for. whom this move is because of bruce's. how. many people in the west of ireland earn a living from agriculture and fishing and it's these sectors that could be especially affected one group that's been sounding the alarm is oyster farmers up to now their path to man land europe has been through britain but that could soon change. we hope and. the best result we we have we have that. well that we have to put up our price sends its

exports through by so that we put out. we put out one sort if there's a problem. for terry mannion the road ahead is paved with uncertainty the e.u. flag has pride of place on his train after all when it comes to the e.u. ireland remains fully on board thanks and that's all from v.w. business here in berlin if you want more from us check out didn't we don't come much business.

kidnapped from the streets taken to secret prisons without leaving a trace. tortured. in turkey this is the fate of many comments of the government among those detained is mustafa newmont his wife has been trying for months to find him she is fighting for his release for something that he still mine . in 60 minutes on.

politics. people in a trio should wait a 2nd we want to hold a show called facts instead of vague ideas shifting lives. from a measure to reality to cryptocurrency your topic for live in an ever changing digital world let's start the digitalisation. shift. on g.w. . i'm not laughing at the germans because sometimes i am but most end up in with the. things deep into the german culture. mutants take those groundhog day out belief because it's all that who know i'm rachel join me for me to get. the polls. show that 77 percent. are younger than 60 pot. cuts me and me and you. and you know what external voice

is. on the 77 percent we talk about be cliche. this is where you can see. the 77 percent this weekend on d w. w news africa coming up on the program. again live in that bus authorities that didn't stop them and now it's too little too late because he loves life clean thousands of lives to come but. also coming up correction sense says incorrectly treating drug addicts this facility in nigeria has come to a state as one of their god is.