they began friday at six am central european time twenty five percent in part tariffs on steel ten percent an element the europeans reactions are clear. it is unfortunate because this is further weakening the transatlantic relations and it also increases the risk of severe turbulence is in the markets globally protectionism can never be a solution and this will hurt jobs here in the european union but also in the u.s. the e.u. has launched an official complaint at the world trade organization they want to introduce countermeasures such as tariffs on u.s. products like bourbon whiskey motorcycles and jeans were at some two point eight billion euros. you member states are meeting next week to decide on the exact list many economists agree with the measures will come europe has a very big economy and a very important market for u.s. products has a lot of influence that's why it's right to show the u.s. that they can't just do whatever they want the you must use countermeasures to steer that process in the right direction. but it's those who are affected the most who are speaking out against n

they began this morning at six am central european time twenty five percent import tariffs on steel ten percent on aluminum the european reaction is clear. it is unfortunate because this is further weakening the transatlantic relations and it also increases the risk of severe turbulence is in the markets globally protectionism can never be a solution and this will hurt jobs here in the european union but also in the u.s. the e.u. has launched an official complaint at the world trade organization. they want to introduce countermeasures like tariffs on u.s. products for example bourbon whiskey motorcycles and jeans worth some two point eight billion euros e.u. member states are meeting next week to decide on the exact list many economists agree with the measure europe as a very big economy and a very important market for u.s. products has a lot of influence that's why it's right to show the u.s. that they can't just do whatever they want the e.u. must use countermeasures to steer the process in the right direction. but it's those who are affected most who are speaking out against new e.u.

central european time. when he 5% import -- 25% import tariffs on steel, 10% on aluminum. european reaction is clear. >> it is unfortunate, because this is weakening the transatlantic relations, and it also increases the risk of severe turbulence in the markets globally. protectionism can never be a solution. this will hurt jobs here in the european union but also in the u.s.. reporter: the eu has launched an official complaint of the e word trade organization. they want to introduce countermeasures like tariffs on us products -- for example, bourbon whiskey, motorcycles, and jeans. eu member states are meeting extreme to decide on the exact list. many economists agree on the measure. europe is a very b big economy d a very important market for u.s. products and has a lot of influence. that is why it's right to show the u.s. that they cannot just do whatever ththey want. the eu must use countermeasures to steer the process in the right direction." but it is those who are affected most who are speaking out against eu tariffs on u.s. products or taking other measures. the ge

central european time.ere in europe the issue of migration is proving extremely divisive, particularly in countries on the front lines of the divide in countries like italy which is taken in 650,000 arrivals by sea. the new italian interior minister has accused ngo's that rescue migrants of being part of the problem. he says they are putting lives in danger. here is what he had to say about a dutch flagged ship with 224 migrants on board. >> bishop is going to italy only by coast guard. not because he is only bad or selfish, but because if there are rules,s, they have to respet them andnd not play with human lives. you should not put human lives at risk. host: the italian interior minister speaking there. josephine mckenna is in rome and joins us now. just listening to what is coming out of rome, things seem to be moving to a new level in this debate. we are talking about new arrivals anymore. he has been clear, no new arrivals will be accepted. he is now talking about deportations. yes.ter: that is sometht

they began this morning at six am central european time twenty five percent import tariffs on steel ten percent on aluminum the european reaction is clear. it is unfortunate because this is further weakening the transatlantic relations and it also increases the risk of severe turbulence is in the markets globally protectionism can never be a solution and this will hurt jobs here in the european union but also in the u.s. the e.u. has launched an official complaint at the world trade organization. they want to introduce countermeasures like tariffs on u.s. products for example bourbon whiskey motorcycles and jeans were some two point eight billion euros e.u. member states are meeting next week to decide on the exact list many economists agree with the measure europe as a very big economy and a very important market for u.s. products has a lot of influence that's why it's right to show the u.s. that they can't just do whatever they watch the e.u. must use countermeasures to steer the process in the right direction. but it's those who are affected most who are speaking out against new e.u.

you the blastoff from the baikonur cosmodrome in kazakhstan and just after thirteen hundred central european time that's eleven hundred g.m.t. do join us if you can. now to some of the other stories making headlines around the world today in china state media say more than twenty people have been rescued after a blast at an iron ore mine after a blast trapped them in an out of iron ore mine underground eleven people were killed by the explosion in the province tuesday afternoon two more are still missing china's mines are some of the deadliest in the world and the o.p.'s says it's ending the dispute over its shared border with eritrea after decades of tension and fighting the government says it will fully accept a un deal put forward in two thousand and two to divide up the contested territory between page three fashion designer kate spade she was found dead in her new york apartment on tuesday in an apparent suicide she was fifty five she was best known for her kate spade handbag brand which she founded with her partner in the early one thousand nine. the new u.s. ambassador to germany is due to

paul suggests a right and now we are still awaiting the results after seven pm local time central european time mr bush will probably be summoned by the president of the republic to be asked to form a new government bartz it won't be a first time that somebody did most of the seats in parliament fails to put a coalition forward and we know that he's campaigned very strongly on an anti immigration platform describe to us public perceptions of refugees and immigrants in the country. all right very interesting question when i talk to people here in slovenia analysts professors they wouldn't say they wouldn't agree the. refugee crisis or crisis with migrants is a crucial question for them but it's missed that young some hole drilled this question to the campaign he's of experienced politician only here for twenty eight years of slovenian democracy then the conclusion somehow got tainted by you know scaremongering and a phobia even and all professors should an a-list should remind us that slovenia was only a transit zone for refugees people who fled their homes back in the middle east and travel in

. >>> we'll continue this discussion with tony fratto at 10:45 central european time. >>> spain's socialleader, pedro sanchez could be on the brink of ousting mariano rajoy as prime minister. more on that no-confidence vote coming up after this break >>> welcome to "street signs." i'm willem marx. these are your headlines >>> italian stocks rally and bond yields fall as investors welcome the establishment of a coalition government set to be sworn in later today >>> european exporters rally as the block fights back against u.s. trade tariffs the eu says they will enact retaliatory measures >>> spanish prime minister mariano rajoy says he will not resign ahead of a no-confidence vote after opposition parties vote to put pedro sanchez in power. >>> and deutsche bank says the bank's financial strength is beyond a doubt after the s&p cut its rating for deutsche's stock. >> we are, if you look at our share price yesterday, vulnerable for speculation this is tough. sometimes this gets bumpy. but we have already quite a lot behind us, and we know what we have in front of us an we have a plan >>

central european time >>> global cfos say u.s. trade policy is the biggest risk factor for business. that's one of the key findings of the quarterly survey. some say president trump's tax cuts have helped their businesses, but more than half think the trade policy will have a negative or very negative impact on their company in the next six months. >>> and political uncertainty in italy also occupied their minds. the five star and lega parties formed a government in rome after inconclusive elections in november 21% say they are not concerned by contrast, those chief financial officers say brexit has not weighed on their business 70% say britain's decision to leave the eu had not impacted their company. 30% said the impact had been negative or very negative. not one of the cfos said their company has seen a positive impact from brexit got views on trade or on brexit? get in touch on twitte twitter, @streetsignscnbc, you can also tweet me directly >>> coming up, we'll be live from the opec seminar in vienna where the cartel might be

colleagues will speak to the sage of omaha and jpmorgan ceo together at 12:00 central european time.>> all right. checking on the markets we're talking about how u.s. equities bounced in yesterday's trading the dow is through the all important psychological level of 25,000 again we are seeing the picture in europe and interesting the ftse 100 after a stronger open is trading weaker on the day. we have about ten points effect from the punch of stocks going exdividend there it looks as though the political tension is beginning to creep into that equity index special as we head into the -- especially as we head into the brexit negotiations are concerned. the other indices are trading in the green. ftse, the outperformer up about 170 points about 0.8% a lot of volatility in the italian markets. >>> let's talk about foreign exchange because the theme of the past couple of sessions has been one of dollar weakness. dollar is coming off a little bit after a strong may giving back some gains and we see that in euro/dollar charging higher this morning up about 1.4% stronger on the day. cable i

of his documentary series close up you can see the complete film tonight at nine fifteen pm central european time or nine hundred fifteen g.m.t. . further football world cup begins in russia on thursday but hooliganism for russian football fans is casting a long shadow chris harrington from do we force is here to tell us more this has been a big problem for russia for some time chris yes it has started in the ninety nineties when the soviet union collapsed since then it's become a way of life and for many militaristic in some ways we have a report let's take a look. hiding for the sake of fighting this is the hooligan seen in russia with a group in the world cup. in these fights a pure adrenaline in that it's a rush everyone wants to prove that the strongest thing that they step in and that's exactly what happened in australia at the twenty sixteen european championship violence broke out between russian hooligans and england fans it wasn't always like this union did not have a major problem with hand violence but its collapse almost thirty years ago left the perfect breeding ground for a hooliga

from university of havana just to say that polls are closing at seven o'clock central european time such a many thanks indeed al jazeera is such a deal it's there live in slovenia's capital the piano. opposition supporters in macedonia have been on the streets calling for an early election thousands demonstrated in the capital skopje. accusing the left wing governments of ruining the economy since taking power over a year ago protesters are also alarmed at the possible change of name for their country greece has a modem province called macedonia talks being held to resolve a dispute over the name. italy's new populist leaders are promising to create jobs and expel migrants the coalition of the anti establishment five star movement at anti immigration league party was sworn in on friday sania gago reports now from rome for many italians it's a marriage of convenience. a bride arrives for how we're doing at a church in central rome a ceremony marking the beginning of her new life ahead as part of a married couple. elsewhere in the city there is another partnership being celebrated a politi

what will the european central bank do next? the japan times says that airbnb has axed 80% of its listings ahead of new tighter regulations that come into force next week. and finally the scottish daily mail has on the front page that scotland is to be the first part of the uk to introduce a deposit return scheme on cans and bottles. so let's begin. jonathan charles is managing director for communications at the european bank for reconstruction and development hello. i am here and ready to go. he is back and braced for wrecks at. the latest twist in turn is quite significant. it is the gift that keeps on giving, brexit. we are approaching a significant crunch point to give you look at theresa may over the last few years she has tried hard to kick the can down the road to try not to admit to the moment when she has to take a very strong position that upsets one wing of her party or another. be they remain as or levers, soft, hard, however you wish to characterise them. there is a cabinet discussion today about continuing a close relationship wit

what will the european central bank do next? the japan timesew tighter regulations that come into force next week. and finally the scottish daily mail has on the front page that scotland is to be the first part of the uk to introduce a deposit return scheme on cans and bottles. so let's begin. jonathan charles is managing director for communications at the european bank for reconstruction and development hello. i am here and ready to go. he is back and braced for wrecks at. the latest twist in turn is quite significant. it is the gift that keeps on giving, brexit. we are approaching a significant crunch point to give you look at theresa may over the last few years she has tried hard to kick the can down the road to try not to admit to the moment when she has to take a very strong position that upsets one wing of her party or another. be

target level but it also means consumers and businesses will pay more to borrow money over time the european central bank's policy committee is meeting today and analysts are not expecting the e.c.b. to take a cue from the fed and also raise rates. has agreed to pay a one billion euro fine as a direct consequence of diesel gate the car maker accepted an order by german prosecutors which saves the company a battle in the courts the emissions cheating scandal has already cost v w a total of more than twenty five billion euros mainly in fines to u.s. authorities three v.w. is reeling after being slapped with another billion euros in penalties on top of those that the company must pay in the u.s. as a result of the emissions cheating scandal around eleven million vehicles worldwide were involved said it would not appeal today's decision saying in a statement. by doing so admits its responsibility for the diesel crisis and considers this as a further may just step towards the latter being overcome. lower saxony state attorney says the fine must be paid within six weeks the decision doesn't affect the civ

european deposit insurance scheme to cover euro zone banks. and we have spent a little bit of time talking about european central banks and other economic issues with danielle de martino booth now we're taking a look at them again however we're not going to be talking rates or the yield curve in her latest book collusion how central bankers rigged the world nomi prins says that central banks have colluded not to help create growth but to simply create global artificial money and subsidies as they see fit joining us now is the author nomi prins no me thank you so much for being with it's a real pleasure to have yes. thank you so much ok so now you're a former banker right so you're not just you're writing from the outside you worked at goldman sachs you know this stuff so in your book you we have a pretty interesting tale of monetary policy poor decisions and what you call quote gross negligence of their regulatory responsibilities contain to contain bank risk and fraud take us through this how did this all come about and what were the central bankers what was their ultimate goal here. well this goes back decades really but in the last decade s

fed's target level it also means consumers and businesses will pay more to borrow money over time the european central banks monetary policy committee is meeting today as well and unless i'm sure the e.c.b. will take a cue from the fed. i'm not joined by five yelena from the macro economic policy institute at the hands of brooklyn foundation and welcome to the studio dr was european politics emerging market turmoil is on shaky ground right now is it the right time for the fed to raise rates i think it is i mean the fed is really all about the american economy that has to take its use from the american economy inflation is quite high at the moment and two point seven percent unemployment is quite low at three point eight percent so this is a time to increase interest rates and everybody expected also the fed to increase interest rates is the fed's mandate of course to look at the american economy but is the fate influenced maybe by the fact that the current administration is looking increasingly and only their domestic situation no not at all i think every fed and every fed chairman arafat committee al

and the government also vowed to challenge european union fiscal rules warring the rest of the eurozone or the time when italy depends on the european central bank to borrow more money that coupled with the new government and the european sentiments is stoking fears that the bloc third largest economy might become its new problem child now let's bring in our financial correspondent who said about the frankfurt stock exchange just give us an idea how risky is this situation right now in italy . well you just counted up her so many points that are a recipe for distress and destruction here in the financial markets and make it difficult for most observers outside of italy to imagine that this country can move forward and can move forward in a sound and financially stable way in such a way. as not to bring excitement into the eurozone and considerable worry and perhaps worse on the face of it today the trading has been benign was already so on friday the shares going up slightly but not tanking the euro stable and even a tally of debt government bonds going up today and the yield that is the kind of return they give to investors much above what

the new spending plans are worrying the rest of the eurozone at a time when italy depends on the european central bank to borrow more money that coupled with the new governments and the european sentiments during fears that the blocs third largest economy might become its new problem child. the syrian conflict is proving troublesome for germany's chancellor angela merkel she is facing growing pressure over the way that she opened the nation's borders to around a million migrants back in two thousand and fifteen many of them from syria members of the opposition of the german parliament are preparing to demand commission of inquiries into the chancellor's handling of the vents at the time they were images that unsettled many people in germany. at the height of the migrant crisis thousands and thousands of people were making their way across europe many of them heading for germany. but despite the uncertainty the german chancellor remains convinced her country could cope with the influx. if they are quite simply germany is a strong country the scene we have to adopt when approaching this issue is th

pursued for further assets but as a spore and culture on behalf of the central african republic to the european union the three time wimbledon winner is asserting diplomatic immunity to avoid further legal proceedings. are minor the top story we're following for you german chancellor angela merkel is a thing i mutiny in her own conservative blog a migration policy that could threaten her hold on power the standoff with her own interior minister is being seen as the most serious crisis to hit the chancellor's three month coalition government. thanks for joining us. on the. more intrigued international talk show for journalists discuss the topic of the week showing that historic summit in singapore u.s. president donald trump a north korean dictator kim jong un promised a complete denuclearization of the korean peninsula can they deliver my guests have to sign on for three jobs coming up shortly. next d.w. . make itself a seal of quality. we'll get it food industry is booming in developed countries like never before. not going to label guarantees of organic products. and to use it. for getting high for four hundred.

and that's what put this on the front page of the new york times and all the business press as well you know the head of the european central bank has control over that if he wants to he can do what he did back in july of two thousand and twelve just say we're going to do whatever it takes whatever whatever to say and that would be in the end of it so he was using that pressure and there are reports in the italian press that he actually spoke directly to the president and said that that finance minister was unacceptable so this is this is part of the problem there of course i mean this is why the populist made such a huge thing out of it saying you know we get an election and the european authorities once again are telling us what to do regardless of how the voters vote so there's that fundamental conflict but the thing is it's so hard politically for any government to leave the euro they're all afraid to do it and you don't have popular support for it yet either and so i don't think you know the reason they reached this agreement partly is because people were saying that if they went to an election in july or september. wh

european close on bloomberg markets. ecbo draghi speaking at the for him. he said central banks should take their time interest rates. this clearly signals we will remain patient in determining the timing of the first rate rise and we think a gradual approach to adjust policy thereafter. mark: for the latest, matt with ans live in cintra exclusive interview. with the former vice president of the ecb and recently passing the baton on , i'm really excited about, i'm really excited about it because i haven't -- because now i feel you can share much more than you have in the past. you have given your own guidance in that you won't comment on policy specifically over the next six months to a year. what you think about forward guidance it self. it seems the ecb is giving us more than we have had. i talked to the deputy governor of the south african reserve ink and he believes communication is a great tool. our central banks becoming more transparent? vitor: i would say so. the ecb has done that since the beginning. after each meeting where monetary policy was discussed or decided. that's a good thing. it's

time leader robert mugabe was. tens of thousands of supporters of the european union have gathered in central london to call for a final vote on the terms of brightness the rally comes exactly two years to the day that britain held its referendum on leaving the e.u. marj organization organizers say that the public deserves the final word and he brags that dia. and as tensions flare over migration to the e.u. leaders of member nations are preparing to gather in brussels for a mini summit on sunday their goal to decide how to deal with the influx of migrants seeking new life in europe and so much was triggered by the events of the past few weeks several rescue boats carrying migrants were stranded at sea after one country after another refused to allow the vessels to dock on their territory. another boat stranded in the mediterranean sea carrying rescued migrants with nowhere to don't get this german ship lifeline is the latest vessel to be refused permission by the new its honey and government to use one of the country's ports the migrants influx to the south of italy has seen the country's government toughen it stands

perception i've heard this many times if the united states is treating its its friends worse than its enemies i mean it's centrally going down the track of threatening to sanction european countries and their companies and this is getting i you know i think it's the first time in the in the transatlantic alliance experience where you know sovereignty is really seems to be in and is being infringed upon i mean threatening companies that you know we there are financial transactions you know it's forcing companies to start trading in other currencies so the the the u.s. . treasury department can't go after you i mean is that what the nato allies are supposed to be worried about from the united states now i mean this is a new dilemma that this coalition this the lion says a facing go ahead mark. and i do remember when it was a snapshot of for now with all who have the u.s. attempt to prevent the export of the soviet cast western europe you have a very british companies taking part in that so there's a big precedence the point is that in those cases quite quickly the common interests of gurode the divisions into it whereas today we face the prospect of dong from could he sai

time today. then we have the european central bank decision less than 24 hours later tomorrow morning.eball overnight in asia, a mixed trade. the nikkei 225 in japan is up. most other marketsre in the red, led by the hang seng. overseas in europe, let's check those markets. we're seeing mostly in the green with spain down 0.2% oil is getting a shot in the knee from the iea, calling on price declines we'll see if that happens. remember, we have venezuela output which continues to drop we have that conflict tween saudi arabia and yemen happening. in the u.s. dollar market, it's at 1.1744. i would like to shout out our loyal morning viewers, all of that was for you now the ng that will change the media landscape forever. a federal judge ruling in favor of at&t's $85 billion deal for time warner. that's likely to launch a formal bid by comcast for fox that offer could come as early as today or maybe even this morning. it sets the stage for a number of deals let's bring in laura martin. we are happy to have you on set, especially today following this. thank you. >> my pleasure >> how surpri

time for business on d.w. and how you know to get us into the program we'd start with the decision of the european central bank that has just announced to leave the key interest rate for the euro zone unchanged it will keep rates on historic lows of zero percent at least through next summer but it has also have it spawned buying program and said it will end it altogether in december after the financial crisis the e.c.v. had started to buy eurozone members government bonds to the tune of thirty billion euros per month to stimulate growth since twenty five and fifteen month after month the e.c.v. has spent a total of two point four trillion euros on the program with the bond purchases that eusebius balance sheet has now swollen to over eleven trillion euros that's about forty percent of economic output for the entire eurozone and soon after the decision was announced easy president mario draghi detailed the strategy the bank will follow as the bronze down the bond program. continue to make that purchase on the p.p. that the current monthly piece of thirty million euro will until the end of september two thousand

if the euro gains against the dollar by the end of the trading session today, the first time in six european centralsions that we have actually seen the currency stand against the greenback. it had a lot more to do with the positioning meeting than it does the message. most of what the ecb is saying accepted with the exception of the fascinating interest rates, the on hold headline that you point out there, alix, and of course the timing of an exit from my state of easing. alix: we are getting more headlines, so to clarify the position come ecb said asset purchases will be about $15 billion a month. from 30 to 15 to zero in december. -- 30 billion to 15 billion to zero in december. those of the big headlines we are looking at, matt, what will be the first question in the press conference? matt: thematt: first question, well, they are also going to give in outlook for the economic growth, and outlook for inflation. all the questions at first i think are probably going to center around this decision of timing, the decision to end qe, the decision to announce that to the market, and then there will be

emergencies or central european states taking an especially hard line on migration are snubbing today's talks. all right that was the german chancellor angela merkel speaking a short time ago at that meeting on migration in brussels and for more on that we're joined now by correspondent brussels barber of a zone so margaret give us a sense of what's at stake at today's summit. this is a really frothed meeting because what we see here are going to merkel just said it is she when she mentioned we need to find out what's important to whom and that is quite clear nobody wants to take in more migrants many countries want to get rid of some of those they have and the question is will europe turn into the fortress europe really close its borders too tightly that people can come in anymore. the agenda of european politics being increasingly be dictated by populace like sebastian of course from viktor orban in hungary and then of course the new italian interior minister much too so vini these people the ones who are sort of driving the e.u. into a certain direction that is quite distinct from what it did in the part so in the past so this is really a tremendously important and

time high. >> we wait with bated breath. thank you. a day after the fed hiked u.s. rates, the european centralis leaving its key eurozone lending rate unchanged at an historic rate of 0% through until next summer, but it will halve its bond buying program in october and ended in september. after the financial crisis, the ecb started buying eurozone member government bonds to stimulate growth. since 2015, month after month, the ecb spent over 2 trillion euros on the program. with the bond purchases, the ecb's balance sheet has swollen to over 11 trillionn euros, abot 40% of economic output for the entire eurozone. >> the last several years have been expensive for the eurozone. since march of 2015, the ecb has acquired government and corporate bonds with a total value of around 2.4 trillion euros. they poured lots of low interest capital into european countries. the bonds were intended to o ful inflation, and ecb is pumping about 30 billion euros per month into the market. >> wind hyssop p after september 2018, subject to incoming data, confirming our medium-term inflation outlook, we will reduc

to these central banks of the member european member states member states of the euro zone so this money is theoretically there however at the last round it was given back to greece this time the plan is to put it into something like a trust fund for greece so if the country behaves if it sticks to the reforms. it can then pull in this money so it will be in the end if things go well handed back to greece itself. another big topic on the agenda is of course the euro zone budget that has been announced of big fanfare. and i call and. very low on detail are those details coming out to be to be hammered out in this meeting. these details will be hammered very slowly because the friendship finance minister when we walked in here and said oh this paper we really welcome it and we think it's great however it is only a proposition he knows well that of course criticism from all sides from sides from other euro zone member countries are already arriving here so of course now they need to google give room to take everybody to have their say and then they slowly slowly can sort of put together a package the a french on not to with odd reason talking about a road map to euro zone ref