but retailers themselves now have a pessimistic outlook system unit based evo economic institute. that's also due to new challenges for germany both at home and abroad. chancellor angela merkel is dealing with a political crisis her very own coalition partners the c.s.u. have taken a tougher stance against immigration. that could bring down the government and force new elections something that wouldn't bode well with investors. that the dispute between the u.s. and its major trade partners washington has threatened even more tariffs in retaliation to the e.u. use new levies on american products experts say germany would be the big loser. any new tarps on its automotive industry would hit more than other e.u. countries. and the big fall in business sentiment has hit the dax that is our financial correspondent in frankfurt daniel has germany's main stock index finished the day i see it's gone down down and down and looks like it's going into your ear. and down yes so the good old doctor was not in the mood today it has been a really bad day the trading day had finished with big loss

but retailers themselves now have a pessimistic outlook system unit based economic institute. that's also due to new challenges for germany both at home and abroad. chancellor angela merkel is dealing with a political crisis have a very in coalition partners the c.s.u. have taken a tougher stance against immigration. that could bring down the government and force new elections something that wouldn't bode well with investors. add to that the dispute between the u.s. and its major trade partners washington has threatened even more tariffs in retaliation to the e.u. use new levies on american products experts say germany would be the big loser any new tariffs on its automotive industry would hit more than other e.u. countries. and the big fall in business sentiment here is he germany's dax daniel cope joins us to paint a picture for us from frankfurt daniel has a look at. well painting it was no really good in our classic bad less better talk about the numbers but yes what a lousy day here at the blue chip index saxon's to start off the trading day the losses are getting bigger

but retailers themselves now have a pessimistic outlook system unit based economic institute. that's also due to new challenges for germany both at home and abroad. chancellor angela merkel is dealing with a political crisis have a very in coalition partners the c.s.u. have taken a tougher stance against immigration. that could bring down the government and force new elections something that wouldn't bode well with investors. to that the dispute between the u.s. and its major trade partners washington has threatened even more tariffs and retaliation to the e use new levies on american products experts say germany would be the big loser and a new tarps on its automotive industry would hit more than other e.u. countries. and joining me here in the studio now is dr folk attire from the association of german chambers and industry and commerce thank you very much for joining us this morning said germany the industrial powerhouse is facing increasing trade tensions is this the end of the party for the country's economy. still the domestic driving forces are performing consumption is

but retailers themselves now have a pessimistic outlook says the munich based economic institute. that's also due to new challenges for germany both at home and abroad. chancellor angela merkel is dealing with a political crisis have been very in coalition partners the c.s.u. have taken a tougher stance against immigration. add to that the dispute between the u.s. and its major trade partners washington has threatened even more tariffs in retaliation to the e.u. use new levies on american products experts say germany would be the big loser any new tires on its automotive industry would hit more than other e.u. countries. and the big fall in business sentiment has hit the dax that is our financial correspondent in frankfurt daniel has germany's main stock index finished the day i see it's gone down down and down and it looks like it's going into your ear. and down yes so the good old doc's was not in the mood today it has been a really bad day the trading day had finished with a big loss as a minus of two point four six per cent so we have lost more than three hundred points in jus

economy in recent years but retailers themselves now have a pessimistic outlook system unit based economic institute. that's also due to new challenges for germany both at home and abroad. chancellor angela merkel is dealing with a political crisis very and coalition partners the c.s.u. have taken a tougher stance against immigration that could bring down the government and force new elections something that wouldn't bode well with investors. add to that the dispute between the u.s. and its major trade partners. mushing turn has threatened even more terror cement ideation to the e use new levies on american products experts say germany would be the big loser any new tires on its automotive industry would hit it more than other e.u. countries. investors are still processing the reelection of red chip tired adeline worries remain that adam once economic views are simply too unconventional politically in turkey he may be unstoppable but can he reign in the unstable economy. after the election many turks hope stability will rule the day and the president ever to one will continue his current economic po

reached is enough to lead claimants foods the president of the evil institute and renowned economic institute here to say that you're increasing solidarity but you're reducing the conditions you're softening the conditions under which solidarity is going to be fine and so he sees a reason for criticism without another economist the chief economist at a private thank. you on track remains on track for reform but with baby steps yet these baby steps will lead to reform in the end and interestingly of the engineering industry which is hugely. porting it once more reform at once a deeper reform it says expand this to migration policy to defense and to digitalisation and it's missing those elements in this agreement ok well. next week at the end of next week they'll be the e.u. summit and i'm sure that those topics that you just mentioned will certainly be on the table will this paris berlin agreement will that help to stay stabilize the unity within the e.u. or will it poor fuel into the fire. both in fact because we always know of paris and berlin embrace too tightly there will be resistance and

but retailers themselves now have a pessimistic outlook says the munich based evo economic institute. that's also due to new challenges for germany both at home and abroad. chancellor angela merkel is dealing with a political crisis her very own coalition partners the c.s.u. have taken a tougher stance against immigration. to that the dispute between the us and its major trade partners washington has threatened even more tariffs in retaliation to the e.u. use new levies on american products experts say germany would be the big loser any new tarps on its automotive industry would hit more than other e.u. countries. german companies b.m.w. and siemens have joined us in voicing their concerns about staying and investing it britain the companies all cite uncertainty surrounding a post for exit deal with the e.u. and that criticism was magnified by new survey among business leaders in six e.u. countries the hoffa of eight hundred executives polled by the new bacon mckenzie said their firms had reduced investment in the u.k. since the briggs it aeronautics company air bus said last week tha

but retailers themselves now have a pessimistic outlook system unit based economic institute. that's also due to new challenges for germany both at home and abroad. chancellor angela merkel is dealing with a political crisis have a very in coalition partners the c.s.u. have taken a tougher stance against immigration. that could bring down the government and force new elections something that wouldn't bode well with investors. to that the dispute between the u.s. and its major trade partners washington has threatened even more terror summit on the actions of the e use new levies on american products experts say germany would be the big loser. any new tarps on its automotive industry would hit it more than other e.u. countries. let's bring in our financial correspondent daniel who is in frankfurt now daniel it seems like the dax is already under pressure today what should we be looking out for on the markets this week. here's your right not a good mood here at the frankfurt stock exchange at all not even after the last minute goal over germany at the world we are down here at th

but retailers themselves now have a pessimistic outlook says the munich based evo economic institute. that's also due to new challenges for germany both at home and abroad. chancellor angela merkel is dealing with a political crisis her very own coalition partners the c.s.u. have taken a tougher stance against immigration. that could bring down the government and force new elections something that wouldn't bode well with investors. add to that the dispute between the u.s. and its major trade partners. washington has threatened even more tariffs in retaliation to the e.u. use new levies on american products. experts say germany would be the big loser. and a new tarps on its automotive industry would hit it more than other e.u. countries. and now it's back to lay low and she's kicking off the sports coverage with an update on the world cup in russia. the first group has been decided at the world cup joining me in the studio to discuss the latest is emily how shirts for sports all right emily the big matching group a saw your great take on hosts russia who can't came out on top well it w

recent years but retailers themselves now have a pessimistic outlook says the munich based economic institute. that's also due to new challenges for germany both at home and abroad. chancellor angela merkel is dealing with a political crisis have a very and coalition partners the c.s.u. have taken a tougher stance against immigration add to that the dispute between the u.s. and its major trade partners. washington has threatened even more tiresome retaliation to the e use new levies on american products. experts say germany would be the big loser. any new targets on its automotive industry would hit more than other e.u. countries. and a big fall in business sentiment here and i can tell you that people here are learning an asset manager told me a little bit earlier that his clients are very worried about the current political situation and the fear is that this is most likely set to continue until mr trump will leave the white house let's also take a quick look at the euro one euro as it is that the level of one seventeen a dollar at the moment that's a plus of about zero point two percent ev

part of jeffrey jeffrey talk editorial director of the american institute for economic research thank you guys thank you very much. and it's time now for a quick break but hang here because when we return we have the latest on the battle in seattle as amazon and starbucks successfully opposing it to alleviate their horrendous homelessness problem will be joined by seattle city councilwoman to promise the one who takes no prisoners dinner critical of amazon and other big businesses and as we go to break here the numbers at the closing bell this point trading above sixty six hundred forty dollars with air up over five percent for the day we'll be right back. short term gains at the expense of a longer term growth saudia some of the best thing in the future and products and employees you're taking all of future revenues if you're booking it today just like the man is buying back all the stuff in his own store yes he bought back all of the stuff in his store and he has a lot of revenue but now my store is empty and he has nothing to sell so the next quarter he.

reached is enough to lead claimants foods the president of the influence to children renowned economic institute here to say that you're increasing solidarity but you're reducing the conditions you're softening the conditions under which solidarity is going to be fine and so he sees a reason for criticism without another economist the chief economist at a private thank. you on track remains on track for reform but with baby steps yet these baby steps will lead to reform in the end and interestingly of the engineering industry which is hugely. porting it once more reform that once a deeper reform that says expands to migration policy to defense and to digitalisation and it's missing those elements in this agreement ok well. next week at the end of next week they'll be the e.u. summit and i'm sure that those topics that you just mentioned will certainly be on the table will this paris berlin agreement will that help to stay stabilize the unity within the e.u. or will it poor fuel into the fire. both in fact because we always know of paris and berlin embrace too tightly there will be resistance and

goods affected include medical devices energy crude oil and chemicals roberts courses from economic policy institute he says an exchange in types is likely to hurt china's economy more than the united states. this is something that trump campaigned on he promised that he was going to get tough on china in particular during his election campaign and he has been moving forward in fits and starts it's not entirely a coherent program but he is certainly taking strong action and that was sorely needed i think it's going to be disruption but i don't think it's going to have an enormous impact for example the tariffs on fifty billion dollars with the goods that trump announced amount to an infinitesimally small share of the economy about six one hundred to one percent of g.d.p. if you add it all up and in fact a federal reserve chairman powell said yesterday that there is no evidence to date and all that the trip the tariffs announced today have had any impact impact on the economic numbers that he's saying so this is going to be really small change in the overall scope of the economy for the united states

goods affected include medical devices and of crude oil and chemicals robert scott from the economic policy institute he says an exchange of types is likely to hurt china's economy more than the united states. this is something that trump campaigned on the promise that he was going to get tough on china in particular during his election campaign and he has been moving forward in fits and starts it's not entirely a coherent program but he is certainly taking strong action and that was sorely needed i think it's going to be destruction but i don't think it's going to have an enormous impact for example the tariffs on fifty billion dollars worth of goods that trump announced amount to an infinitesimally small share of the economy about six one hundredth of one percent of g.d.p. if you add it all up and in fact a federal reserve chairman powell said yesterday that there is no evidence to date and all that the trip the tariffs announced today have had any apparent impact on the economic numbers that he say so this is going to be really small change in the overall scope of the economy for the united states

well robert scott is from the economic policy institute he says an exchange in terraces china's economy more than the united states. this is something that trump campaigned on he promised that he was going to get tough on china in particular during his election campaign and he has been moving forward in fits and starts it's not entirely a coherent program but he is certainly taking strong action and that was sorely needed i think it's going to be disruption but i don't think it's going to have an enormous impact for example the tariffs on fifty billion dollars with the goods that trump announced amount to an infinitesimally small share of the economy about six one hundred to one percent of g.d.p. if you add it all up and in fact a better wizard chairman powell said yesterday that there is no evidence of all that the truth of the tariffs announced today have had any impact impact on the economic numbers that he's saying so this is going to be really small change in the overall scope of the economy for the united states or china it could be a much bigger impact. a u.s. judge just sent don

alan fischer al-jazeera at the white house well let's bring in robert scotties from the economic policy institute he joins us live now from gaithersburg in maryland via skype robert so u.s. trade policy under donald trump seems to be extremely unpredictable but we shouldn't be surprised by these tariffs on china we knew they were coming didn't we absolutely this is something that trump campaigned on the promise that he was going to get tough on china in particular during his election campaign and he has been moving forward in fits and starts it's not entirely a coherent program but he is certainly taking strong action and that was sorely needed. and trump is accusing beijing of intellectual copyright theft just talk us through what that means and what it has to do with trade. well china has been stealing secrets from the u.s. and other multinational businesses they engage in piracy they require firms to to share technology with joint venture partners and then they throw out the u.s. firms and keep the technology they use state owned enterprises including those controlled by the chinese army to ta

a professor of economics at syracuse university and also from an institute for international economicsengulfed in flames for the second time in four years. nearby buildings have been evacuated as fire crews tackle the huge blaze. witnesses say it took hold "in the space of a few minutes". the mackintosh building had been undergoing extensive work after another major fire in 2014. it was, in fact, due to reopen next year. well, scotland's first minister has paid tribute to the firefighters trying to put out the blaze. she tweeted a short while ago... the bbc spoke to some witnesses at the scene. will having a few drinks and it was about 12 o'clock and we saw the flames. we came down, it was after about a quarter to one almost. i feel like it is getting worse as well. when we first saw it, it was like nothing, it was a bonfire almost. it looks like it is getting worse. it looks like it is devastated, there is no salvaging it. it is heartbreaking, to be honest with you. let's take a look at some of the other stories making the news. the former trump campaign chairman, paul manafort, has b

the economic policy institute estimates america lost about 800,000 jobs to mexico between 1997 and 2013t a bipartisan report from congress published in 2015 says america has lost more jobs to machines and automation than to mexico. >> when we return, rodney smith is on a mission to mow 50 lawns in 50 states is on a mission to mow 50 lawns in 50 states soledad: we think that thiss ♪ ♪ ♪ raindrops on roses and whiskers on kittens ♪ ♪ bright copper kettles and warm woolen mittens ♪ ♪ brown paper packages tied up with strings ♪ ♪ these are a few of my favorite things ♪ ♪ ♪ soledad: one man is hoping to change the world, one lawn at a time. his name is rodney smith. he's traveling the country mowing lawns for the elderly, disabled, single moms, and veterans. smith calls it the 50-yard challenge, because he plans to cut one lawn in all 50 states. he started on may 17 in milwaukee, wisconsin, and since then, he's made it to 26 more states. he's going to add two more this weekend -- louisiana and arkansas. this is smith's second year completing the 50-yard challenge. he said he's doing it to in

with robert scott, the economic policy institute and senior economist.here in the city, talking about the outlook for central banks, even that we have the extraordinary messaging from mario draghi. at the same time, expectations for the fed. and where the dollar will go from here. that is it from daybreak us to rally up. -- australia. ♪ ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. yvonne: it is 7:00 a.m. in hong kong. we are live from bloomberg's asian headquarters. welcome to "daybreak: asia." cb winds up- the e purchases by year's end. mario draghi with a promise to keep interest rates low. markets shift toward the boj, looking at the tone of corona's exit -- or kurdoa'

it's certainly fair to say that the german economy is facing some headwinds this year now economic research institute if i recently caught germany's twenty eighteen growth for cost one point eight percent down from two point six percent i made an escalating trade skirmish between the united states and the european union. it's been a tricky year for germany twenty eighteen began with an economic growth slowdown between march and january the economy only group zero point three percent that's half the rate recorded in the previous quarter and the outlook isn't great germany is facing headwinds both at home and abroad. is dealing with a political crisis have a very in coalition partners c.s.u. have taken a tougher stance against immigration that could bring down the government and force new elections something that would in bold well with investors add to that the dispute between the u.s. and its major trade partners washington has threatened even more tariffs in retaliation to brussels new levies on american products experts say germany would be the big loser any new tariffs on vehicles would hit it mor

i'm not joined by five yelena from the macro economic policy institute at the hands of berkeley on this very unwelcome 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 the 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 at that domestic situation no not at all i think every fed and every fed chairman arafat committee also on the possible have done exactly the same thing in this economic situation they have demanded from congress they also responsible to congress not to the american president of course and this is why they're increasi

that was fred bergsten, from the international -- institute of economics.primary voters head to the polls in eight states, including california, where liberal enthusiasm could actually hurt democratic candidates at the box office. that is next. this is bloomberg. ♪ david: this is "bloomberg markets: balance of power," i'm david westin. shery: and i'm shery ahn. hour,or our stock of the royal caribbean in rough waters, down 5% after troubling signs were warned against by morgan stanley. kailey leinz is here with more. >> they are saying a lot. royal caribbean is having its worst day in almost two years, at a one year low. the major cruise liners are all down today on the back of this morgan stanley report, analysts saying that they surveyed travel agents and say that may has been unusually strong and they are expecting week is in the market in the third and fourth quarter, citing a couple of reasons for it's the capacity on the cruise ships and this year they are expecting capacity to be 27 million plus -- 27 million customers on cruise ships, which is up fr

labor and italy's debt crisis well earlier i spoke to clearance of who's president of the institute for economic research and i asked him how germany is holding up amid all the current turmoil. the german economy is relatively solid this is mostly because the domestic economy is steady wages are growing employment is growing so consumption is strong and the construction sector is expanding so the do with domestic economies supporting growth but the export sector is at risk here is it risky because well i know that the bundesbank for example is one of the few that seems to contradict your projection they expect the german growth to rebound certainly in the second quarter thanks to higher state spending can that compensate the risk you just mentioned not really we think it's true that public spending is expanding about we don't think we were bounced back to growth we expected at the beginning of the year so we were slightly more optimistic than the one or bonus back at the beginning of the year and you know we don't think there will be if you know a decline in the second half but i don't think it

sculpts is a senior economist and director of trade manufacturing at the economic policy institute he says the terrorists could actually boost domestic production. the tariffs are going to be costly. and they may be a particular costly for general motors on the other hand they also may lead to an increase paradoxically in auto production in the united states g.m. has proven itself unable to make automobiles in particular. they do fine making trucks and s.u.v.s but they can't make automobiles that's what they're for the talking about putting in tariffs on but what we've seen in the past when the u.s. imposes trade restraints we did this and nineteen eighties on all imported autos especially those coming from japan those those other producers simply shift its production to the united states that would be the sensible response so us as a whole may gain even if general motors loses as a result of these tariffs. canada sit back and the united states over steel in alimony and towers with twelve billion dollars in retaliatory measures on american goods canada's plan will take effect from nex

the report, compiled by the bay area council economic institute, says that bay area communities should to commute by car as much. several other cities are considering investing in transit-oriented, affordable housing developments. you'll be shocked at the price of health care for a family of four . . . health care costs have been increasing at the lowest rate in the past two decades. the result? the total costs for a typical family of four insured by the most common health plan offered by employers will average $28,166 this year.the estimate includes the average cost of health insurance paid by employers and employees, as well as deductibles and out-of- pocket expenses. 'fortnite' games keeps rocking big numbers . . . . fortnite is now more important than cryptocurrency to large companies during earnings season . . .watch what your kids play to decide what to invest in. the online ga 'fortnite' banked $296 million in april, up from $223 million in march. "fortnite" was more important than cryptocurrencies during the most recent earnings season, if judged by how many times each came up

yvonne: robert scott, economic policy institute senior economist. more ahead on "daybreak: asia." bloomberg. ♪ yvonne: three minutes to go before the market opens. we wrap up the trading market. still adjusting to the dovish announcement from the ecb. we saw treasuries rally, the dollar on the rise. we are seeing some moderate gains across the board in asia. of 1%.futures up 6/10 areng a look at what we covering ahead, the bank of japan's policy meeting today. of course no change expected, but there could be a change of tone from kuroda when it comes to his exit strategy on qe. as the world cup kicks off in brewershow tv makers to are cashing in. this is bloomberg. ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business o

the states we build our policy assessments based on the policies of the country and the institutions economically has not been crushed as perhaps the blockade countries were hoping i looked up some economic facts and figures called into an i.m.f. report in march carter's economic growth is expected to actually speed up to two point six percent this year the fiscal deficit has shrunk we're told from nine to six percent of g.d.p. forbes says your foreign reserves have increased to two point nine billion dollars those are all very positive numbers but are they sustainable though because some economists point that it's thanks to sustained government spending it's thanks to the deposit being of some twenty six billion dollars by the government in banks how long can you go on with that so. a lot of effort. has faced very critical economic and distressing plan by. blockading says for sure there were spending by the government in order to stabilize the economy in order to help building their resilience of the economy itself but this has been for the last year that we consider that as an investment not as

with robert he sculpts a senior economist and director of trade on the fracturing of the economic policy institute who joins me now thanks very much for coming on to al-jazeera general motors is saying look this is going to make vehicles more expensive it's going to risk possibly people lowering wages possibly even people losing their jobs this really seems to be backfiring all on the president who is now expecting i'm i suppose this kind of reaction. well i think it's true that the tariffs are going to be costly. and there may be particular costly for general motors on the other hand they also may lead to an increase paradoxically in auto production in the united states g.m. has proven itself unable to make automobiles in particular they do fine making trucks and s.u.v.s but they can't make automobiles that's what they're talking about putting in tariffs on but we've seen in the past when the u.s. imposes trade restraints we did this and nine hundred eighty s. on all imported autos russia those coming from japan those those other producers simply shifted production to the united states that would

worry about and in order to talk about this i'm joined now by clements first president of the institute for economic research joins me in the studio first of all we've we've talked about all we've heard about all those problems do political and trade issues if you take it all in all how does the german economy handle all this the german economy is relatively solid this is mostly because the domestic economy is steady wages are growing and bond is growing so consumption is strong and the construction sector is expanding so the do with domestic economies supporting growth but the export sector is at risk here is it risk is a because i know that the bundesbank for example is one of the few that seems to contradict your projection they expect german growth to rebound certainly in the second quarter thanks to a higher state spending can that compensate the risk you just mentioned not really we think it's true that public spending is expanding about we don't think we were bounced back to growth we expected at the beginning of the year so we were slightly more optimistic than the one or been a spike at the

war he can when alan fischer al-jazeera at the white house where robert scott is from the economic policy institute he says an exchange and terraces lighted to her china's economy more than the u.s. is. this is something that trump campaigned on he promised that he was going to get tough on china in particular during his election campaign and he has been moving forward in fits and starts it's not entirely a coherent program but he is certainly taking strong action and that was sorely needed i think it's going to be disruption but i don't think it's going to have an enormous impact for example the tariffs on fifty billion dollars worth of goods that trump announced amount to an infinitesimally small share of the economy about six one hundred to one percent of g.d.p. if you add it all up and in fact a federal reserve chairman powell said yesterday that there is no evidence to date and all that the trip the tariffs announced today have had any apparent impact on the economic numbers that he say so this is going to be a really small change in the overall scope of the economy for the united states or ch

with me are kate andrews, who's director of news at the institute of economic affairs, and john rentoulpendent. the ft leads with allegations that the former chief executive of cambridge analytica, withdrew more than $8 million from the scandal—hit data firm, shortly before it collapsed. the guardian carries a picture of the fashion designer kate spade, who's been found dead in her apartment in new york. the paper says she became a household name in the 1990s for her handbags, worn by fashion editors and celebrities. "brace, brace, brace," says the metro, reporting that theresa may faces severe turbulence in her own backyard as fellow conservatives voice their concern at her approval of a third runway at heathrow. the i also leads on the government's approval of the expansion, with details of the £2.6 billion compensation package for local residents whose homes will be demolished. the express asks "are police losing control of our streets" after what it calls "a spate of savage crimes" across the uk. and the daily telegraph reports that the universities minister sam gyimah, has attacked

institutions. the big part of economic development is institution building.o you have a rule of law and then you can attract investment and create jobs. they're not happening because this is sort of overwhelming that institution building. >> dana: the president is frustrated and saying mexico and other countries are not doing enough. he talked about cutting off aid to those countries is. that a good idea? >> first of all, when the president says that, you know, they're putting drugs in our country, they would say you're creating this demand for drugs. you're sending this money here. you're empowering these organized crime networks and we can't fight them. so step using drugs. of course, that has president worked. amerans have a huge appetite for drugs. we have to take some responsibility there. the other thing, we have to think about our policy what the state department does and the ideology that the state department so often imposes on these countries. right now we have a u.n. agency in guatemala that is undermining the private sector. why? they have an ideo

president adam a barren well earlier we spoke to steve killelea and he is in charge of the institute of economicsand peace that compiled the report if we look at the state of global policeman as in the last decade what has caused the deterioration is the conflicts which are right in the middle east and north africa and so if we can actually solve those conflicts we'll actually likely to get a much more improved state of peacefulness globally one of the things which most people don't realize actually over the last decade the liberals have militarize a nation globally of actually decreased not increased so if we look at that what with pandas one hundred four countries decrease their spending on the military it's a percentage of g.d.p. and one hundred fifteen countries actually have blisse troops now than what they had a decade ago if we look at the middle east however it's the most the militarized region of anywhere in the world. all right let's go to libya that of course is one of the conflicts that we can now refer to war has been raging there since the fall of more moderate afy in twenty eleven

college london and from copenhagen on skype a senior policy analyst for the social and economic survey research institute at castle university thank you and welcome to all of you for joining us casey coming to you first just paint is a fiscal picture legal or illegal of how they do what they do into by well it's very interesting to read the revelations that came out of the leak that see for a.d.'s had received. the organized crime and corruption reporting project this journalist network sent in a journalist to find out how exactly does that work what is the mechanizations they found that they preferred cash in suitcases if you want to are wired that most of the real estate agents said that there was no checks there was no need to do any sort of filling out of paperwork to take care of that for them that in particular they did not disclose need to disclose their owner of a beneficial owner of the company that would buy so you could use a shell company to buy rather than in your individual names you could hide who was that was buying some of the property so the leak was quite important some fifty eight tho

the states we build our policy assessments based on the policies of the country and the institutions economically has not been crushed as perhaps the blockade countries were hoping i looked up some economic facts and figures called into an i.m.f. report in march carter's economic growth is expected to actually speed up to two point six percent this year the fiscal deficit has shrunk we're told from nine. ninety six percent of g.d.p. forbes says your foreign reserves have increased to two point nine billion dollars those are all very positive numbers but are they sustainable though because some economists point how that it's thanks to sustained government spending it's thanks to the depositing of some twenty six billion dollars by the government in banks how long can you go on with that sort of effort. is a theist very critical economic and distressing plan by. blockading says for sure there were spending by the government in order to stabilize the economy in order to help building that is the end of the economy itself but this has been for the last year that we consider this as an investment not

economic boycott by the u.a.e. saudi arabia egypt and bahrain steve killelea airheads steve the institute for economics and peace he says that despite the rise in conflicts most countries are actually spending less on their military stake and if we look at the state of global peace minnes in the last decade what is cause the deterioration of the conflicts which are writing in the middle east and north africa and so if we can actually solve those conflicts will actually likely to get a much more improved state of play sports club lee one of the things which most people don't realize actually of the last decade and the liberals of militarization globally have actually decreased not increased so if we look at that what with vendors one hundred four countries decrease their spending on the military it's a percentage of g.d.p. and one hundred fifteen countries actually have less troops now to what they had a decade ago we look at the middle east however it's the most the militarized region of anywhere in the world. if you're watching us on facebook clyde coming up next on the news grade the fallout from u.s. president t

but i look at the economic cycle research institute in october, 2016, their numbers. it was a 2% average deproth under obama versus 2.7% under bush. the g.d.p. growth, this is the slowest expansion on record. the numbers prove otherwise of what you say, but the most important thing proves people are working. people care about the security of their jobs and security and safety of the country. and i feel very thankful that next week, our president will be sitting down with the leader of north korea with the hopes that we can make this world more secure. we are building the security of jobs. we are building the security of the world. and i would firmly believe, let the american public judge, are they better off today than they were a few short four years ago. i don't need numbers to show it. but i can see the jobs, the people, and i'm proud of that fact. and i ask, mr. speaker, the other side, follow through. i have heard time and again, i would never shut the government down. we wouldn't go that political. but when the day came, they did. politics and the election is ov

economic gain that could over time undercut the competitiveness of major u.s. industries well thank you we appreciate your analysis today jeff shot peter from the peterson institute for international economics joining us from washington. well now in other developments a u.s. judge has sent donald trump's former campaign manager paul manifold to jail ahead of his trial on money laundering and bank fraud charges in september prosecutors say manifold tried to tamper with witnesses in an investigation into russian meddling in the twenty sixteen election in a tweet president truong called the decision tough and unfair call him reports from washington. paul mann of fort begin his day a free man and ended it in handcuffs by a man the judge had told him he could stay under house arrest until his trial but then the government accused metaphor of trying to tamper with two witnesses and alter their testimony the judge said metaphor it was treating his trial like a marketing campaign abused her trust undermined the credibility of the court so she said he'll stay in a jail cell until his trial here in september man of course expression didn't change when he heard the news he

evening the guestsjoining me on the papers are kate andrews, who's director of news at the institute of economics, and john rentoul, chief political commentator for the independent. that's all ahead on bbc news. now on bbc news it's time for sportsday. hello and welcome to sportsday. i'm katherine downes, here's what's coming up for you on tonight's programme. i will bring you all the news from the england world cup media day as the england world cup media day as the squad faced the press here at saint georges park. after scans show loris karius may have had concussion during the champions league final, we'll ask whether football is doing enough to combat the dangers of head injuries. and making a return to the court, andy murray says he's almost ready for his come—back: i started training a few days ago andi i started training a few days ago and i am hoping to make my comeback during the grass court season. hello and welcome to sportsday. good evening. no andy murray at the french open, but we'll bring you the latest from roland garros too. first though with nine days to go til the start of the