pretty george signed a four hundred million dollar deal in a joint venture to manufacture cars in iran volkswagen the german car maker also saw a big potential to do business with the country but all those companies even have bigger and more important deals going on with the united states and they know what the possible sanctions off the u.s. could be very painful so they might have to reconsider and eventually pull out of the country. cope with that now german or to make it be m.w. is recalling more than three hundred thousand of its cars in britain due to concerns that intellectual fault could cause the cost to cut out completely while being driven in one case a vehicle that stopped caused a fatal accident effective models include a one series three series is age four and the x one made between march two thousand and seven and august twenty seventh last year b.m.w. recalled thirty six thousand petrol powered cars two to safety concerns. the argentine peso continues to fall sparking fears of a new an economic crisis president has asked the international monetary fund for help to prevent a furthe

carrier george signed a four hundred million dollar deal in a joint venture to manufacture cars in iran volkswagen the german car maker also saw a big potential to do business with the country but all those companies even have bigger and more important deals going on with the united states and they know that possible sanctions off the u.s. could be very painful so they might have to reconsider and eventually pull out of the country. of course want to know court that now german or to make a b.m.w. is recalling more than three hundred thousand of its cars in britain due to concerns that intellectual fault could cause the cars to cut out completely while being driven in one case a vehicle that stops caused a fatal accident now the affected models include the one series three series is age four and the next one made between march two thousand and seven and august twentieth happened last year b.m.w. recalled thirty six thousand petrol powered cars two to safety concerns vodafone says it spending more than eighteen billion euros to buy large parts of u.s. based cable t.v. operator liberty global the bri

iran. germany's volkswagen had planned to do business in iran. it just began selling cars there for the first time in 17 years. also general electric. last year it made millions selling equipment for gas plants. companies had three months to cut ties. that grace period also gives the u.s. time to adjust plans. its actions could prove difficult to enforce, like with steel and aluminum tariffs. the administration later gave allies temporary exemptions there. watch the space. a lot of uncertainty here. >>> we have some certainty in the nba, though. the golden state warriors flag and houston rockets -- warriors and houston rockets' match-up should be outstanding. the warriors finished off the new orleans pelicans in five games. steph curry, kevin durant, clay thompson, combined in the clinching win. the warriors advancing to the western conference finals for the fourth straight year. the rockets meantime closing out the utah jazz in game five 112-109112- 112-102 led by chris paul. ten assists, no turnovers. first time cp3 has reached the conference f

invested in the country airbus for example wanted to sell more than one hundred planes to iran's national carrier volkswagen here the german carmaker also saw a big potential to do business with the country and now the u.s. is threatening also other countries with sanctions if they continue doing business with iran a little bit earlier i asked klaus freeplay of the german mechanical engineering association what he's making of the latest comments by the u.s. u.s. ambassador to germany that german companies should be leaving iran as soon as possible let's listen in well the legal framework for doing business with iran by european companies going to be set by the european union and germany so we take the opinion of the us ambassador into consideration that. they're speaking to us a little bit earlier so we just heard from him that for the moment at least nothing in his opinion is going to change but the question is how long because certainly there could be a conflict of interest because of all those companies they even have bigger deals and bigger business with the united states they might have to fear that th

worth nearly forty billion dollars the largest deal was for iran and to buy one hundred planes from airbus carmakers rhino p.s.a. and volkswagen have moved back into iran about one hundred twenty german companies operate there are china is the biggest buyer of iranian crude so with european companies starting to count potential losses there were draw from iran could open the door to chinese firms. well the european union wants to calm tensions and salvage the deal with iran a french government spokesman said e.u. partners could fight the sanctions under world trade rules but look at the european union is ready to challenge at the w.t. yes any unilateral measures that would hurt the interests of european companies and respond in an appropriate manner in accordance of course before the rules of that international organization commits. well joining us now from vienna is be jennifer managing partner of austria based consulting firm r.t.a. international good to have you with us so let's talk first of all about iran's economy which is not in great shape to begin with how is the u.s. withdrawing from this deal going to affect ordinar

and iran could be punished. that's like volkswagen. ust began selling cars in iran for the first time in 17 years. they will put that now in reverse. chris? >> good insight there. we now know that the president wants to pull out of the iran nuclear deal. what comes next? will this brinkmanship make you safer? we will get fallout and analysis from christiane amanpour, next. it took guts to start my business. but as it grew bigger and bigger, it took a whole lot more. that's why i switched to the spark cash card from capital one. with it, i earn unlimited 2% cash back on everything i buy. everything. and that 2% cash back adds up to thousands of dollars each year... so i can keep growing my business in big leaps! what's in your wallet? at crowne plaza, we know business travel isn't just business. there's this. a bit of this. why not? your hotel should make it easy to do all the things you do. which is what we do. crowne plaza. we're all business, mostly. looking for a hotel that fits... crowwhoooo.a. ...your budget? tripadvisor now search

peugeot wanted to build a plant in iran, and they were hoping to produce cars in other companies. volkswagenas hoping to enter the market. now all those companies and iran itself are seeing their plans further out of reach. because of one country's determination to strike out a deal. chri at&t admits it made a make mistake -- made a big mistake by hiring michael cohen. the funds are now under the spotlight as michael is under the spotlight. he was hired to advise at&t on the trump administration, which the firm's ceo says they -- says was a serious misjudgment. the lawyer for adult film star stormy daniels revealed earlier that a slew of companies paid michael cohen to get information on the presidency. the disclosure of the relationship with michael cohen could predict whether a deal to get time warner gets approval next month, one which doldrums called not good for the country. and now wall street. shares of time warner have not suffered much since this affair came to light. is this a sign that investors see this tie up as doomed anyway , or the current issue is currently political? jens:

got dialer german company which plan to sell forty thousand cars a year in iran that's going to go by the way side volkswagen on the gas side you have the french company total and g.e.'s oil and gas as well you have british airways aloof tons of which are going to suffer and hotel chains from france and from spain also we're going to feel the pinch big time steve we appreciate you looking into this and sharing with us our viewers thank you so much steve malzberg host of the steve malzberg show thanks for joining us and you are my pleasure. and following the announcement we've been speaking about at least one sector was thrilled to see it go through can you guess right the defense sector yesterday following president trump's announcement making it official stocks for the defense industry shot through the roof here to tell us the latest on the moves is already correspondent dan cohen didn't think so. we talked about boeing just a little bit there you can give us a little bit more but what about the other defense stocks they they love this right at first they love them some conflict oh definitely it's you know

you've got dialer german company which plan to sell forty thousand cars a year in iran that's going to go by the wayside volkswagen on the gas side you have the french company total and g.e.'s oil and gas as well you have british airways a little tongues of which are going to suffer and hotel chains from france and from spain also get a feel the pinch big time steve we appreciate you looking into this and sharing with us our viewers thank you so much steve malzberg host of the steve malzberg show thanks for joining us however my pleasure. and following the announcement we've been speaking about at least one sector was thrilled to see it go through can you guess right the defense sector yesterday following president trump's announcement making it official stock for the defense industry shot through the roof here to tell us the latest on the moves is already correspondent dan cohen didn't think so. we talked about boeing just a little bit there you can give us a little bit more but what about the other defense stocks they they love this right at first they love them some conflict oh definitely it's you know good for

you've got dialer german company which plan to sell forty thousand cars a year in iran that's going to go by the wayside volkswagen on the gas side you have the french company total and g.e.'s all yelling gas as well you have british airways aloof tons of which are going to suffer and hotel chains from france and from spain also we're going to feel the pinch big time steve we appreciate you looking into this and sharing with us our viewers thank you so much steve malzberg host of the steve malzberg show thanks for joining us and you are my pleasure. and following the announcement we've been speaking about at least one sector was thrilled to see it go through can you guess right the defense sector yesterday following president trump's announcement making it official stock for the defense industry shot through the roof here to tell us the latest on the moves is already correspondent dan cohen didn't think so but we talked about boeing just a little bit there you can give us a little bit more but what about the other defense stocks they they love this right at first they love them some conflict oh definitely it's you

got a dialer german company which plan to sell forty thousand cars a year in iran that's going to go by the way side volkswagen on the gas side you have the french company total and g.e.'s oil and gas as well you have british airways aloof tons of which are going to suffer and hotel chains from france and from spain also get a feel the pinch big time steve we appreciate you looking into this and sharing with us our viewers thank you so much steve malzberg host of the steve malzberg show thanks for joining us however my pleasure. and following the announcement we've been speaking about at least one sector was thrilled to see it go through can you guess right the defense sector yesterday following president trump's announcement making it official stocks for the defense industry shot through the roof here to tell us the latest on the moves is already correspondent dan cohen didn't think so.

iran. companies that have been doing are planninge their next moves. companies like airbus and volkswagenre particularly vulnerable. couldg with their deals leave them open to harsh penalties by the u.s. of the threat of escalating trade disputes between the european union and united states looms after donald trump's decision. to back out of the iranian nuclear deal companies will have to and existing contracts within the next three to six months. they stand to lose billions of dollars. trade between the eu and iran grew to $16.4 billion. after the nuclear deal was signed, and 2017 it reached twice by billion dollars. eu countries may have a secret weapon for the sanctions battle. blocking statutes. it prohibits european businesses sanctionsying with and allows the firms to disregard court rulings that enforce american penalties. the threat of their use of loan forced the u.s. to back down on penalizing companies working with iran coming cuba, and libya in 1990 six. some say the blocking statutes of the 1990's might be too outdated. >> we have to find financial and legal tools to protect

over ten billion euro of stuff to iran last year relationship in full bloom corporate giants now licking wounds include the biggest hitters on the continent from volkswagen to british airways airbus may be worst hit it signed a nineteen billion dollars deal with tehran just two years ago three billion more with as a man airlines why should europe care if trump quits the iran deal because he can make it your problem to write off the trumps announcement on his very first day on the job new u.s. ambassador to burley and tweeted the following or minus threat as donald trump said u.s. sanctions will target critical sectors of iran's economy german companies doing business in iran should wind down operations immediately issuing national threats via twitter seems trump picks people in his own image but this time he's crossed a diplomatic red line my advice after a long ambassadorial career explain your country's policies and lobby the host country but never tell the host country what to do if you want to stay out of trouble germans are eager to listen but they will resent instructions welcome to our country sir i'm looking forward to a good cooperation by the w

volkswagen and siemens. shanghai, for a long time, had nothing but high taxes. they have trade finance from the us and the us pulling out of the iran yes, germany and china have had a great relationship. angela merkel has been a leader of a country in europe far longer than anyone else. she is a reliable partner. under pressure from the right to endure a fourth term. she is under pressure on issues like immigration and trade and at the same time donald trump has threatened tariffs on germany and china. they are four of the largest companies that he has identified. given the current situation, what kind of deal will she try and strike? there is a trade—off on both sides. germany has issues in terms of chinese access to the german market, especially with german technology. 0n the other hand, angela merkel wants to enjoy a healthy trading relationship with china. there is plenty to talk about there. and... she is walking a tightrope! germany is inadvertently likely to benefit to what donald trump has, as he has persuaded the chinese to reduce tariffs on cars, you know? simon littlewood there. from germany and china to the us, where pr

german companies with interests include the mercedes owner daimler and volkswagen engineering firm siemens was in talks to develop iran's rail network and chemical company b.s.f. was to explore all fields the u.k. has less on the line but royal dutch shell and british petroleum but in talks to develop the oil industry telecoms company vodafone wanted to invest in the mobile on that work natasha butler has more from paris. or french government ministers have been working very hard on a plan to try and reduce minimize or even get rid of the impact of u.s. sanctions on french companies working in iran there's a sense of urgency here certainly a sense of frustration we heard from the french foreign minister a bit earlier saying europeans should not be made to pay for the fact that the united states has decided to pull out of the iran deal now we have a host of french multinationals that have been working with iran ever since sanctions were lifted in twenty sixteen we're talking about companies like car makers rhino citron drug company santa fe and of course energy giant hotel that has invested very heavily in gas fields in

over ten billion euro of stuff to iran last year relationship in full bloom corporate giants now licking wounds include the biggest hitters on the continent from volkswagen to british airways airbus may be worst hit it signed a nineteen billion dollars deal with tehran just two years ago three billion more with as a man lines why should europe care if trump quits the wrong deal because he can make it your problem that's a mistake i think it's not right to unilaterally cancel a deal that was agreed upon that was unanimously approved in the un security council that diminishes confidence in the international order. and it came as armbands us money if we always say that if we don't like things and we can achieve a new international order everyone will do what they feel that's bad news for the world. right after trance announcement on his very first day on the job new u.s. ambassador to burley and tweeted the following or minus threat as donald trump said u.s. sanctions will target critical sectors of iran's economy german companies doing business in iran should wind down operations immediately issuing national threats via twitter seems trump picks people in

received millions last year for its oil and gas business and germany's volkswagen had only just announced that it had planned to sell cars in iranst time in 17 years. and then finally, airlines, hotel groups who receive tourism dollars may also take a hit. we have jake tapper with us to discuss this. he is the author of the new novel, very good novel, the hell fire club which will debut at number three on the best seller's list this sunday. congratulations. >> thank you so much. >> so as we look towards tomorrow, do we know anything about what we're expecting to hear? >> no, we don't know and obviously with president trump, nothing is firm until he actually goes out and does it. that said, you can look at the tea leaves. one, the prime minister of france tried to convince the president to stay in the iran deal. he left washington seeming to think that president trump was going to withdraw. and in fact he's been out there subsequently talking about how he thinks that this will more likely lead to war in the region. two, the national security adviser john bolton is much more skeptical of the iran deal than the previous national se

hundred plane deal with iran's national carrier it's still not clear what's going to happen b a s f the no we just all and gas company d. and all austria has germany's volkswagen also p.s.a. i could go on and could go on they are all invested in the country these could be just the next d.s. that could crash gas it seems that mostly two countries at the end could benefit china but also russia are already in pole position to jump in and help out. thank you very much and to south africa where the in a city of johannesburg has turned from a posh white shopping district into a buzzing african trading hub hundreds of millions of euros worth of goods is being sold here every year by thousands of traders making this the dubai or fafsa but few seems seem to have noticed this as this cash economy operates under the radar of the authorities. over three thousand stalls run mostly by immigrants make this market complex in downtown johannesburg a lucrative pan-african trading hub. shoppers come from all over the continent to find good deals. go for them when i come here but they did. this in the early days the d.n.a. but it did its with c.b.s. . that's why they did in. sell

dollars deal volkswagen sees big business inside of the country arab us even had a deal of selling more than one hundred planes to iran but they also have very important business an even bigger business with the united states and they might have to reconsider because they of course they don't want to risk their u.s. business relationship of course not as well all right so clearly conflicts there of interests coming up danielle corp in frankfurt thank you so much. well comicality has stopped selling its popular a six and a seven model soft it discovers what it called irregularities in sixty thousand diesel costs the company has told german regulators the suspects the models may have been manipulated to bypass environmental regulations adding to the list of german cars containing the illegal software this could put the pressure on al g.'s parent company fox fucking which has already paid out to billions in damages in connection with the so-called diesel scandal. and i'll have more business for use in the next hour and brian i think soon we'll have some interesting culture that's right we're going to have some news from