the chinese telecommunications giant leon who are the company. can huawei survive the turmoil caused by the trade war between china and the us. the interview. today on t.w. . impeachment what impeachment all streak continues is torrid pace despite the drama in washington so why are investors so bullish when the white house is under fire we'll take a look. also on the show hallways chairman tells you his company isn't under orders from beijing but is that enough to convince u.s. allies that they can trust the network supplier. this is your business report i'm stephen beard's in berlin thanks for joining us investors on wall street have been taking the moves to impeach pretty u.s.

president donald donald trump in stride and the dow jones index mostly holding its ground wednesday it's been rallying since since late last week spurred by progress toward a u.s. china trade deal major indexes have been setting new records and a recent survey showed approval of trump's handling of the economy at a one year high. and let's bring in our financial correspondent yens cord on wall street so yes so much political turmoil yet wall street is so confident why . well u.s. president donald trump has been pretty good for wall street especially with the tax cuts in the last year and nobody here on the floor believes that at the end of the day u.s. president donald trump will have to leave his office specially when it might come to a trial in the senate there was a recent survey saying that 80 is 3 percent of republicans are against an impeachment and to actually get u.s.

president donald trump out of office well you would need 20 republican senators to vote against him and that's very unlikely therefore the stock market remains on record levels the s. and p. 500 actually could achieve the best year since 1997. so yes if the markets are being shaken by what's going on in the white house what is driving the markets these days. well what's clearly helped all year long or especially in the 2nd half of the year were the. 3 rate cuts from the federal reserve we also have corporate america spending heavily in their own shares they're spending hundreds of billions of dollars in share buybacks and also the recent developments when it comes to trade negotiations between the u.s. and china also help so even if we saw weaker global growth in the united states at

least at this point nobody is expecting it recession anytime soon and all of that helps to boost the market from one high to another the s. and p. 500 this year alone already had 30 new records set or a quarter their force in new york thank you. is their new car giant in the making france's p.s.a. group the maker of peugeot and chrysler have reached a binding agreement to a merger the $50000000000.00 deal will create the world's 1st 4th largest car producer if the deal's approved by the e.u. and shareholders the aim of the 2 companies nothing less thing girding their products for the bumpy road ahead. it's a merger of equals a $5050.00 deal worth $50000000000.00 it brings together some iconic brands on the french side as per usual and citoyen as well as germany's opel and then this few

chrysler with not only its namesake brands but also dodge and cheap and even some luxury brands alfa romeo and muscle roddie well some of these brands have struggled in the past and found it difficult to adapt to massive changes in the automotive sector together they form a strong global player. the merger creates a new number 4 in the world com market with combined sales of just under 9000000 vehicles chrysler is topped by germany's faux japan's toyota and by oh no nissan all selling over 10000000 vehicles per year the new company leaves behind american automaker general motors. together few at chrysler and france p.s.a. will employ 400000 people analysts say the tie up could allow the french car maker to break into the american market where it is not well established and could benefit from crisis position but they may face more challenges in asia where both

companies are not seen a strong players and neither fia tries to nor p.s.a. has a leading premium brand like some of their competitors the 2 companies say the merger will help them address future challenges such as the move to electric vehicles. if it. is a chinese trojan horse or the target of a smear campaign built on western anxieties over china while way as one of the world's most important suppliers of 5 g. network gear and it's fighting for its reputation in an exclusive interview chairman young quad's hold the view that the allegations against his company are simply unfounded. it looks like a renaissance castle in the middle of europe but it is actually only a modern replica and part of the research and development operations at china's tech supreme oh huawei the campus outside of shenzhen was opened this spring from

the outside it's nostalgia of britain large but inside it is futurism pure while way demonstrates tomorrow's world of wireless communications here the company uses the facility to flex its 5 g. muscles while always take on the new technology is praised by many customers and it's cheaper than 5 g. systems from europe or the united states but many are wary with critics saying the threat for a while way to misuse of technology is real the concern is that it would pass on user data to the chinese government the chairman of the company told doj yvel of the concerns are unfounded. all we want to one way is never received any such requests during our operations over the past years and even if we received such requests in the future we would not agree to them without lawful requests we won't do anything for a woman. though there is no proof of data protection issues at huawei the united

states is vehement about locking them out of 5 g. network build outs germany is also wrestling with the issue beijing says it will retaliate against berlin if walk away is banned in germany. and you can find the full interview with huawei as chairman on our website www dot com slash business. so are alexa and syria about to become sisters their makers amazon and apple as well as google have announced plans to develop a common technology standard for smart home products a joint effort should help developers churning out new smart home applications from smart refrigerators to voice activated light bulbs the global market for smart devices is expected to reach almost 815000000 devices this year a near 25 percent increase from last year. facebook and google may have to work overtime in britain to avoid tighter regulation by the country's

competition and markets authority the c.m.a. has expressed concern on a wide range of issues about the country's digital advertising sector including the dominant position occupied by the internet giants both companies acknowledged the c.m.a. report and said they were committed to working with the authority and the government about those concerns. when boeing announced it would suspend production of its troubled $737.00 max airframe it reassured workers that layoffs and furloughs were not expected but what about boeing suppliers more than $600.00 companies provide parts and services to the airplane maker and many of their employees are worried about what's to come. it's an especially slow day at the sandwich shop in renton washington near the boeing plant so shop owner kit lee has time to hear the concerns of this boeing employee. can see it's not. as good but it will be the last sunday plane office one can say. that's the.

key it is uncertain too hungry boeing employees account for the lion's share of his daily orders. if there are any layoffs his business will suffer badly as straight 87 percent of all the most you order there you know people next door to. this and somebody got the order so. you know before you know it coming what is the supply void. and the uncertainty is spreading to boeing suppliers like spirit aero systems the biggest employer in the u.s. state of kansas governor laura kelly is trying to find ways to keep people on the payroll. we might offset some of their expense by using things like fun but that isn't comforting anyone and spirit could be way off could be for a low good i honestly don't know it say about it. oh no that

doesn't work through. the production stuff for the 737 max is casting a long dark shadow on many american companies employees in the u.s. aviation industry can only hope that they'll soon be building 730 seven's again. no christmas without gingerbread and no hanukkah without soup ghani utz weeks before the jewish holiday of hanukkah also known as the festival of lights it's high season for bakeries run israel to provide the much sought after colorful donuts which are filled with jam or dos a day let's say each 1 may set you back $2.00 but it just might be worth it. hanukkah doesn't begin until next week but already there are jelly donuts as far as the eye can see in jerusalem. the traditional treat is only available around the jewish holiday and it's known here as suv ghani odd and its basic form it's nothing more than a fill donut but there are limited seasonal appearance in israel combined with

their association with hanukkah means pastry chefs go nuts when dreaming up new varieties there are so many flavors and combinations to choose from they've become a regular tourist attraction. every lake on the lives of people i think that even kind of you have to see what's going on kind of it's amazing and i love it. and the big seller this year so of danny on with the oreo cookie topping. looks pretty good and that's it for me in the business team here in berlin can find out more about these stories online dot com slash business it's watching.

the. that's hard and in the end it's a me you're not allowed to stay here anymore we will send you back. are you familiar with this. with the smugglers what alliances. what's your story ready ready. and what numbers of women especially of victims of violence in terms of take part and send us your story you are trying in all ways to understand this

new culture. another visitor nothing yet you want to become a citizen. in for migrants your platform for reliable information. they're creating today's world stood. the german point in politics business. picture on the up people of the islamic revolution under the tough. opens up making its initial flirtation with capitalism. strikes a state of emergency britain since into chaos margaret thatcher remarks in carriage them to work harder and they will was it the start of neo liberalism. pope john paul the 2nd physics published

a chance to help spread the still george. monbiot crisis and. the story is an era that defines overmanaged. 1970 the be true to its streets december 23rd w. hello and welcome to the chinese city of sensation home of the telecommunication giant quite a way to talk to the chairman of the board young what it's been a difficult. here for this company it's in the midst of a bitter trade war between china and the us which is banned all governmental agency to use a equipment on suspicion of espionage and leaders governmental leaders from all around the world are openly discussing their concerns about the trustworthiness of hallway as they are building their 5 g.

. this is young by chairman of the board of directors of who i weigh thank you so much for being on our program for all your friends i'm happy to be here today to talk to you. so who are always in the midst of a bitter trade war between china and the united states of america are you running scared by the end of this year a woman when you were not concerned that the u.s. government's decision to add while way to the entity list has just created a lot of extra work for us that. we have had to redesign some of our products and make sure our supply chain can continue to deliver products to our customers in a timely manner. despite all the pressure so our top priority is to ensure survival. and i yelled at the same time we're also making sure our company keeps developing guys will want to. go. we will folk.