and it's probably doing so still joining me now in the studio is our business reporter clifford coonan and our man on the markets. welcome to you both now what's on the east let's start with the u.s. so trump has argued that his tax cuts and increased spending would be enough to propel growth to the 3 percent mark but that hasn't happened that surely must be a disappointment for him no. disappointed in indeed but he will probably not take any of the blame and keep pointing fingers head to the photo reserve on its own monetary policy that said after $1.00 trillion dollar tax. stimulus consumption which is a 2 thirds of the u.s. economy was not as strong as initially thought actually consumer spending peaked 2nd quarter of last year obviously rated sharply in the final 3 months of 2013 only to gain back some real steam in the 2nd quarter of the year also did downward revisions that largely reflected downgrades to be snoozing best men suggesting corporations likely not to use the demonic touch pad to invest back into their businesses but to increase programs and actually. be nike engine f

nasdaq style tech board in shanghai with one logging a 400 percent advanced one china expert clifford coonan tells us more about that. also coming up germany's economy minister says brussels could scrap duties on key u.s. industrial exports to avoid a war of tariffs between the e.u. and the us. a welcome to the business asia berlin good to have you with us now then trading on china's new nasdaq style stock exchange got off to a stick tacuba. a dream start for china's new stock market some $25.00 companies began trading on the new nasdaq style tech board in shanghai with one logging a 400 percent advance what china expert clifford coonan tells us more about that. also coming up germany's economy minister says brussels could scrap duties on key u.s. industrial exports to avoid a war of tariffs between the e.u. and the us. a welcome to the business asia monica jones berlin good to have you with us now then trading on china's new nasdaq style stock exchange got off to a stick tacuba start today share prices soaring one company angy microelectronics technology jumped by more than 400 percent a so

clifford coonan in the studio with me and luis de haro in new york thank you both very much for your insights. the u.s. department of justice has approved the $26000000000.00 merger of sprint and t. mobile america is the 3rd and 4th largest wireless provider but the deal is still faces an uphill battle amid fears of job cuts and higher prices for consumers. if the merger between t. mobile usa with rival sprint does go ahead it would establish a powerful new telecoms joined in the united states parent company deutsche telekom has got the market shares of competitors verizon and a t.n.t. firmly in its sights the new company would have $127000000.00 customers with an evil sales of $76000000000.00. just say the merger could generate cost savings of some $6000000000.00 per year to prevent the new giant entity from dominating the market for justice department is forcing t. mobile and sprint to divest some divisions to cable t.v. provider dish and to allow dish to establish itself as a mobile phone operator by allowing it access to their networks for 7 years however even that come to spell

our reporter terrific coonan is taking a closer look. china's new high tech market is quite an impressive debut how has that been influenced by what's going on in hong kong i think it has it's a hugely significant event the launch of this of this order but hong kong has always had an influence on what happens in china in terms of listings and the shanghai stock exchange in particular and certainly the uncertainty there in hong kong now with the demonstrations will will feed into a benefit i think for the for the the new listing in shanghai the capital flight we're talking about yes you know i mean they're worried that hong kong will start to experience capital flight investors don't like uncertainty so they're going to say well we've got this shiny new exchange and in shanghai now so why don't we look at look at there that news stock market well how is it different from the regular market and well the regular mark in shanghai is kind of a it's sometimes seen as a bit of a casino it's had to experience incredible fluctuations over the yea

nasdaq style tech board in shanghai with one logging a 400 percent advance what china expert clifford coonan tells us more about that. also coming up germany's economy minister says brussels could scrap duties on key u.s. industrial exports to avoid a war of tariffs between the e.u. and the u.s. . a welcome to the business asia berlin good to have you with us now then trading on china's new nasdaq style stock exchange got off to a stick tacuba start today share prices soaring one company angy microelectronics technology jumped by more than 400 percent a so-called stock market is part of china's attempt to assert itself as a global tech leader $25.00 companies from i.t. and other sectors listed on the new tech board which is operated by the shanghai stock exchange china has the world's 2nd biggest equity market behind the u.s. but it's been criticized for high levels of speculative activity and a lack of governance. lots to talk about and i'm happy to have a reporter cliff it couldn't here with me in the studio who knows china and was taking a closer look at this new take a market and mazing

you nasty take board in shanghai with one logging a 400 percent advance when china expert clifford coonan tells us more about that. also coming up germany's economy minister says brussels could scrap duties on key u.s. industrial exports to avoid a war of tariffs between the e.u. and the west's. grap duties on key u.s. industrial exports to avoid a war of tariffs between the e.u. and which is. a welcome to do business asia want to jones berlin good to have you with us now then trading on china's new nasdaq style stock exchange got off to a spectacular start today share prices soaring one company angy micro electronics technology jumped by more than 400 percent the so-called stock market is part of china's attempt to assert itself as a global tech leader $25.00 companies from i.t. and other sectors and missed it on the new tech board which is operated by the shanghai stock exchange china has the world's 2nd biggest equity market behind the u.s. but it's been criticized for high levels of speculative activity and a lack of governance lots to talk about and i'm happy to have a reporter cliff

to mathias our correspondent in hong kong but here in the studio we have our china expert clifford coonan with us to give us some analysis clifford china's office of hong kong affairs has held a very rare news conference call maning on the situation in the territory what's been the reaction to that well i think there was nothing in news conference that's going to give the democracy protesters any polls i don't think they're going to be saying they're going to change their view on this through action the moment is that they're they're just digesting it presumably but as i say joshua walling these people there was nothing there that that's answered their questions about the extradition law a bad general situation regarding their calls for greater autonomy for example. and there's been such support for the police that came came out of it and also then the way it sort of went after mentioned external elements again so i think there's nothing there that's going to have significantly changed their view coming into this what do you make of the fact that the chinese government felt compelled at t

system to get romans to recycle more and the incentive is quite simple you get a free ride clip it coonan explains. step one get your phone sky and step 2 feature plastic bottle into the automatic recycling bin step 3 get $0.05 credited toward your ticket fair these machines are still in the test phase but consumers like them already if you do go see a beloved it's great for the plastic that we're not going to throw away if you really it's also good for the cash back for the ticket transport to be yet another 2 positive things that once you know. you better believe if you give a kid it's an amazing initiative. it's going to encourage plastic recycling and you can also earn something for the subway ticket but. we've got our new. single ticket costs $1.00 euro and $0.15 meaning a free ride is 30 recycled plastic bottles away. rome's mayor virginia raji says her city is the 1st major european capital to try such a scheme but it's still starting small. only 3 machines have been placed in different train stations and the trial run will take a year only then will it be clear whether the eco bon

more of the talks we're joined in this here in the studio by our business correspondent clifford coonan and china expert clever what can we expect from these talks that didn't really get very far in the past well i think we're learning to expect the unexpected at this point. they didn't get very far it's been since may we haven't had any movement and i think what we're going to expect what we can expect is for them to get to know each other a little bit again at to set the parameters for their discussions but also to try and work their way through the sort of the political morass that we've seen surrounding it i mean we've had all these political statements and we've also seen all this evidence that it's affecting both economies now so this. stakes are extremely high at the same time these things are so bureaucratic and so torturous as we've seen i mean in the year of this now. that they're going to have to find a way to talk to each other 1st i think hundreds of billions of trade here are at stake indeed a high stakes game could or couldn't from did all the visions thanks so much throu

let's get some more context to this story that is china expert clifford coonan is here with us in studio high cliff we saw earlier that china has office on hong kong affairs held a very rare press conference earlier today to comment on this what has been the reaction to that well i think the reaction so far after the initial surprise that it was going to be a press conference because i. this is the 1st one since 1907 that the central government is held i think the initial reaction has been one of disappointment i think there were people were looking for something that they can work with they were looking for some maybe a way that they could weigh in to dealing with this central government on hong kong but they got nothing i think one of the early reactions that it was a waste of time for them there were no changes in far as far as kerry was concerned and her position on the extradition law so for most of the democracy protesters there's been nothing they can work with yet what do you make of the fact that china felt compelled to speak out about what's been going on in hong kong but it's

well our china expert clifford coonan is with us now in the studio to talk a little more in-depth about what's happening there in hong kong good to see it clifford china's top policy body is supposed to hold a rare press briefing i'm told today could be happening now on hong kong what can we expect from that and why is this being considered so significant well i think it's very significant it's the 1st sign that the central government in beijing has really addressed in a press briefing the the issue of hong kong since i think over 9097 so in that level it's very significant it appears the government to step back a little bit i think the agencies and allowed coverage there they're trying to keep a lid on them all more information actually comes out of it but looking at shin wa the official news agency in the build up to this at this in a lot of messages have beijing is is condemning what's happening in hong kong it's very keen to reassert its authority there on what it considers very much its territory and under the terms of the agreement in $97.00 it is the special of ministers of minis