the recent rounding the euro euro growth outlook remain teated to the downside. these rees mainly pertain to the prolonging presence of uncertainties related to geopolitical factors the rising threat of protection is an vulnerabilities in emerging markets. because i'm very happy does he has merit or drug rob what's from day to every business can explain what mr drug was talking about well rob what's the e.c.v. trying to do well this is the c b m r e a drug yes but it's sort of trying to go out with a bang with one of his final acts as the president of the european central bank and just get the european economy going because you had that assessment which is go in there it looks like the european economy is headed for a slowdown and we've had some figures today from germany suggest it might already have entered recession so what we've got here are just a few measures that he describes as quite powerful just aimed at stimulating the euro zone economy so for example they've lowered the the key rate known as the deposit facility rate that's an interest rate from minus

euro-yen, euro swiss are attractive lungs in the case of n the case ofongs i the euro.is not a game changer for the euro. it is a positioning squeeze. for at to continue to turn into an upward trend for the euro, the u.s. data has to change. we have to see tangible evidence that what draghi announced yesterday is indeed helping the economy. we mentioned the equity side, to see a reversal of the euro funded carry trades. euro investors have been buying everything which is not in the euro zone. with the measures, if indeed euro assets start to look more appealing on the equity side rather than the fixed income side of the trade, you would argue that renewed inflows into the euro could help it keep it supported. in the near term, it is mainly about positioning. at think it is safer to assume go to 1.20,n could maybe even higher. euro-swiss also looks oversold at current levels. nejra: another message that came through loud and clear was fiscal, fiscal, fiscal. i took it to mean when it comes to monetary policy, it is less whatever it takes and more like as good as it gets

of his tenure really be enough to deal with the most life outside factors that are half bring the euro zone's economy also coming up as argentina's economic crisis deepens politicians and members of the church want parliament to issue a food emergency law and germany's flagship car show faces an existential crisis perhaps this was the last fall. i'm a sitting chancellor open the frankfurt book. because of the program the european central bank has unveiled a fresh stimulus plan aimed at boosting the eurozone economy among the measures are the reintroduction of a bond buying program and another cut in interest rates pushing borrowing costs further into negative territory the move is part of efforts to get inflation to just under 2 percent the level experts believe reflects the right amount of momentum in an economy the z b is ready to do whatever it takes to preserve the euro. thoros with the words to try and convince global financial markets that the eurozone common currency is here to stay druggie then began doing whatever it took to get the ailing euro on the road to recovery after it

--o-dollar euro firmer euro-dollar a little firmer this morning into the ecb. a little bit of wiggle room when he market. you're seeing a little bit of buying in the bond market in the u.s. and europe. crude getting hit over 1%. , for the day lodz coming on next -- for the deluge next year coming on for supply. joining us now from beijing is john lou, from london, stuart wallace, matt miller outside the ecb in frankfurt, and alex harris in new york. in beijing, the u.s. and china are taking steps to ease tensions. lengthened the delay for additional tariffs. he tweeted, "due to the fact that the people of china will be sela bring their savvy and the anniversary on october 1, we have agreed -- will be --ebrating the anniversary the people's republic of china will be celebrating their 70th anniversary on october 1, we have agreed as a gesture of goodwill to move the increased tariffs of $250 billion worth of goods from october 1 two october 15." when the u.s. was calling china a currency manipulator, by contrast, this is much more optimistic, what we are seeing n

ready to do whatever it takes to preserve the euro. those were the words to try and convince global financial markets that the eurozone common currency is here to stay. druggy then began doing whatever it took to get the ailing euro on the road to recovery after it came close to collapse in the wake of the greek debt crisis. as italy's former central bank chief took over the e.c.b. in november 20th 11 economists and the media were skeptical the global financial crisis was still reverberating through markets and the euro zone member greece was close to economic collapse but turkey didn't hesitate he set about encouraging lending within the eurozone with a string of rate cuts in march 26th seen they reached a historic low of 0 percent he's even handing on negative interest rates to his successor christine legarde something once considered thinkable the e.c.b. also bought 2.6 trillion euros of sovereign bonds from financially weaken member states and later private company bonds the cash injection saw the eurozone economy pick up speed aga

this is detail the news live from the post for the euro zone's flagging economy and the european central bank comes barrels of fresh stimulus plan interest rates across even further in the bond buying program is bad but will it happen desired effect on the program. the killer diseases that are preventable the world health organization sounds the law of the declining vaccination rights. and i mean i need you to have one of the best in the world takes refuge in germany he says he's defied. by competing at the world championships that worry was that he might have to fight israeli. athletes. from hell welcome to the program the european central bank has unveiled a new stimulus plan and boosting the eurozone economy along the among the measures outlined by the e.c.b. president mario draghi wants another cut in interest rates pushing borrowing costs further into negative territory this is part of efforts to bring inflation down to just under the target of 10 percent interest mantra of his rather downbeat assessment of the euro zone's economic prospects the outlook for real g.d.p. growth has be

the risk around euro-sterling moving to parity, economy the euro zone from no deal brexit, investorsthat and the bank of england will do their best to ignore anyone -- avoid any material up into euro-sterling, given the implications for both countries in terms of inflation. forcy act as a buffer blocking eurosterling from moving materially higher. you will stick with us. there is a lot more to talk about. we are focused pretty heavily on the pound and it makes this historic low as the cable rate makes this story close -- historic low. we have seen the pound fall below $1.20. a lot depends on what goes on with parliament. with that in mind, let's get to westminster where francine lacqua is joined by the former defense minister. francine: i am delighted to be joined by mr. elwood. thank you for joining us on bloomberg to make sense of the next five days, what happens. 59 days from the deadline. how will you vote tonight, to see whether parliament can take control? >> it is all about members. if you can't get your government through come you press the reset button. that is normally what

rather how much you're asking though i'm not 500 euros. the police move in lump on animal welfare arrest stephan clips time seen here on the left witnesses scenes like this almost daily. and i read it. he finds suspicious ads on the internet and alerts the police. to. the phone to the line the illegal trade in dogs is a multi-billion euro business. with all. the. stuff unclip stein is an expert in the dog trade he came across this little maltese on the internet and informed the police for over 5 years now the volunteer animal welfare arrest has been rescuing dogs from smugglers. and if you have the guns this is another typical at the go for dogs presented by itself on a soap on as bad i have a mission in the war a respectable dog or whatever percentage a dog like that and even the $500.00 euro price is way too cheap from a regular breeder it would cost from 121200 euros we're told $2500.00 or war. on these operations clip stein always works with the decoys a fake buyer. his face is now too well known among the dog to your source so a frien

i should stress i'm talking about the euro as a currency, not euro-dollar as a currency pair.e made a new 26 month low yesterday in the wake of the meeting, and then rallied by the end of the day. we probably put in the medium-term, bullish as the turning point. the key thing i was looking for was the tearing, and the -- tearing, and we finally put that into place. it has been one of the real drags in the economy and it makes it more nuanced on the right side. they didn't cut rates more than anticipated. 10 basis was the expectation. overall, this package of rate cuts of qe indefinite, is ultimately a positive thing for the euro and we will see the euro climb slowly. it's not going to run away, but it will climb steadily the next few months. anna: qe to infinity as long as it takes. on that subject, i knew you were focused on the banks. i was looking at some of the estimates how much difference it would make to the banks, some suggesting 700 billion euros of excess will be reserved and placed at the ecb at zero instead. does that move the dial for the european growth story, yo

currently each pig yields 20 euros in profit in some years this drops to just 6 euros. one case that i've hunted for thought you come out short and about this is pretty simple because right now it's 20 euros per patient 0 if i sell $1000.00 pigs a year all i earn is 20000 euros how do you try and that's our family income every month if you don't get far on that from me and i'm come come in a $500.00. $20000.00 euros for one year of hard work from children may be a part of a villian euro industry but his own profit margin is slim. and for now if we currently have $850.00 picks from us if we wanted to live soley off that pigs we'd have to have $4000.00 who tells him that it's insane it would mean even more liquid manure that needs distributed. the farmer says he already has too much manure he has fields full of crops but they aren't enough to dispose of all the animal waste his manure tank as he shows us is full to the brim. yom to the already have far too much liquid manure for our fields we have to have 300 cubic meters picked up and taken away because we have too many

a month to earning up to 15000 euros a month ago. incidents hoatson come said he did not have time to be interviewed but he did provide a written response to our questions he said the cited figures are unfounded and that secondary posts are permitted under legislation governing parliamentarians he did not respond to our question regarding a conflict of interest votes in company tired from politics in 2017 to concentrate fully on his work in the agribusiness sector. he was succeeded on the agriculture committee by johannes rootling like hudson camp for being also works for a graphs and was involved in negotiating the fertilizer of invent this multi functionary is reportedly one of the top earners in the bunch of stock. who is johana swerving the impi obtained most of his industry posts only after he became his party spokesman on the agriculture committee. during currently holds around 15 positions in various corporations lobby groups and the banking sector. to name just a few perking is on the board of trustees of follett it on seizur

negotiation on farming subsidies totaling 55000000000 euros a year. might enjoy sling is a member of the european parliament and an organic farmer the green party politician has been campaigning for years for environmentally friendly farming to be a hoarded with subsidies. on the south on the side but on the other side there are powerful lobby interests it's not as if money isn't being made from farming in europe and that's a profitable business in the food industry as one of the e.u.'s main export earners so naturally there is here to ensure that the a lot of money on to the agricultural sector one overs a new one and that got. martin hustling says taxpayers' money is currently being used to interrupt the support of the corporations but that it should serve society as a whole. the european parliament has been negotiating the redistribution of farming subsidies for months a total of $55000000000.00 euros per year the largest slice of the e.u.'s expenditure. powerful lobby groups are clamoring to maximize their share. but whose interests will prevail.

in that context, the euro will hold together, but the euro may well be weaker. vonnie: let's talk about the program. we have an extra 10 basis points into negative territory for the main interest rate. we have qe basically at infinity. we have tiering for the banks. do you believe any of these will make a marginal difference that will boost inflation? axel: my twitter survey says no. do you believeclearly, the lowet have a little bit of an impact. the challenge is that every day, under the yield curve and interest rates. to give you my outlook, we already saw yesterday president trump tweeting that some tariffs be postponed for two weeks. we have a window between october and december where we can ease tensions on the trade front. that would be very good for european exports, notably german exports. clearly there are other headwinds, but turkey, brexit, those sort of things, all these we have the glass half-empty right now. i think the glass will be half-full on some of those. we have a u.s. president who wants to get reelected. in order for that to happen, he ne

pretty soon the smugglers get a few 1000 euros together. will they transport the dogs to a shelter where they start the search for more sponsors. the same ones who've already donated send even more money then comes the next stage money and legibly needed for vaccinations conses and so on so they rake in even more probably 222-5000 euros for 30 to 40 dogs. that's quite a sum and a business that both police and in their urgent observers are acquainted with officially about 5000 stray dogs are taken out of romania across the hungary and border daily the true figure may be far higher. e.u. regulations require a chip implanted in every exported dog the data are entered into the e.u. data bank system allowing for verification of previous owners and vaccinations corrupt veterinarians willing to issue false papers are vital to the dog smugglers a veterinarian from romania has agreed to talk about the corrupt system she asks to remain anonymous. she says i've gotten several requests to issue traces certification without actually having seen the anim

euro-dollar.lease as well with the exemptions headline coming out here certainly will not hurt the markets. euro-yen i'm watching carefully and we've seen stronger euro about an hour off of the press conference. the dow there's a level with a higher level now. francine? francine: tom, i'm looking at markets actually ticking higher. we have more news from the china news agency and add the farm products to the tariffs exemption and also was tweeted out by the global times editor. i think a lot of the market uptake happened 15, 20 minutes ago and that rst was reported so we're seeing for the moment a little easing of tensions between the two countries. i don't know whether that holds but for the moment is actually having a little bit of impact at the margins on markets. overall look out for bonds extending their retreat and look at euro extending the rally with government bonds retreating in the wake of european central bank moving to support growth, tom. tom: let me show the euro path. this was extr

many tell you there will be small qe, 20 billion euros. the dovish calls tell you, 56 euros.ar. those expectations show investors could be in for disappointment today. nejra: bloomberg has done the survey. the most economists are expecting around 30 billion euros a month in asset purchases for one year. there were wide ranges of views out there. the other focus is the impact on the banks in the reversal rate. are we looking at an introduction of tearing today or just a signaling of it to come? >> that's right. that's the other big question. mario draghi could change the forward guidance and signal the market that we are going to st very low for longer. you could also say, we are going to tear reserves for ban that should provide relief for european banks. we have heard from many ceos who will tell you, it's difficult to make money. profitability has an impact when you operate in such a low negative rate environment. we do get that. that will depend on the terms and conditions attached to it. you could see european ballot -- banks rally on the idea that they will finally get s

welcome to the program the german government has announced a 50000000000 euro climate protection plan to help the country reaches 2030 climate goals some economists say it's a good start others criticize the price tag german companies fear they could become less competitive and are bracing for possibly the greatest changes since the industrial revolution. the world's biggest chemical company b a s f claims it slashed its greenhouse gas emissions by half compared to its 1990 levels all while doubling production output that could help the company's bottom line now that the german government plans to put a price on c o $2.00 fossil fuels are about to become more expensive it's a market based approach to boost investment in clean technologies. one thing is certain new climate friendly technologies are expensive and that's primarily because they need markedly larger amounts of renewable energy and capital investment. investments that has been working on for years the company is spending a total of 44000000 euros on developing new electric cars in times on its own is. vital and it's a funda

the wrist surrounding the euro oyur growth outlook remains to the downside. these race mainly pertain to the prolonged person so the uncertainties related to geopolitical factors the rising threat to protection is an vulnerabilities in emerging markets. i was easy be president mario draghi just a short while ago at the press conference us president donald trump has been swift to respond to the e.c. peace decision taking to his favorite medium to express himself in a tweet he said they're trying and succeeding in depreciating the euro against the very strong dollar hurting us exports and the fed sits and sits and sits they get paid to borrow money while we are paying interest well what are we to make of all this let's go to comrade was now a man in frankfurt and under your hang also joins us in singapore and i hope we both have them on the screen and just a 2nd and i hope they can hear me already because i would like to start with you can there you are more rate cuts and a fresh bond purchasing program the right move for euro zone economies do you think . well

tens of thousands demonstrated for climate action around the world germany announces a 50000000000 euro climate protection plan to tackle the crisis industry reactions are mixed. also on the program we'll take you to the south of spain one of europe's main agricultural regions to see the devastating effect of climate change. and investors in paris announce a 5000000000 euro pot protect firms hoping to pull them away from other tech beckett's. it's time for business on v.w. i'm here yet again asking to have you with us the german government has announced a 50000000000 euro climate protection plan to help the country reaches 2030 climate goals some economists say it's a good start others criticize the price tag german companies fear they could become less competitive and are bracing for possibly the greatest changes since the industrial revolution. the world's biggest chemical company b. and south claims it slashed its greenhouse gas emissions by half compared to its 990 levels all while doubling production output that could help the company's bottom line now that the german government pl

the phone to the fire is that the illegal trade in dogs is a multi-billion euro business. with all. this. stuff unclip stein is an expert in the dog trade he came across this little maltese on the internet and informed the police for over 5 years now the volunteer animal welfare arrest has been rescuing dogs from smugglers. and if you have the guns this is another typical to go for the dogs presented by itself on a soap and as bad i have my mission in the war a respectable dog breeder would never present his dog like that and even the $500.00 euro price is way too cheap from a regular breeder it would cost from 121200 euros if there were told $2500.00 or war. on these operations clips stein always works with the decoys a fake fire. his face is now too well known among the dog dealers source not lawful so a friend is helping out on this one the. speaking to my home she very important ask of the dog really comes from serbia you've seen it before you've already done this many times the betting district is a hotbed of the illegal dog trade that's another clue we see that here all the ti

euros a manufacturing we get -- euro zone manufacturing we get in just a few hours.ontinues to be week. services in the white not getting dragged down. risks of contagion are still there and we might see today's numbers confirm that. matt: thanks very much for that. dani burger looking at the pmi's we are expecting to get out of the major european economy. now let's get the bloomberg first word news. >> good morning. hurricane dorian has made landfall in the bahamas. the most powerful storm to come ashore anywhere in the atlantic. feet.surge could top 23 it may leave the island devastated for years. dorian could hit florida, georgia, or the carolinas later this week. or not make landfall at all. police are patrolling hong kong subway stations after calls for more protests to disrupt the city's transport network and another weekend of clashes between demonstrators and police. argentina has imposed capital control. it is a policy reversal aimed at containing the country's financial crisis. corporations will require central-bank authorization to buy dollars in the fx ma

look at the latest number on gdp for the euro area.ourse, already posted, one quarter of negative growth, too, and they will be in recession. already posted one quarter of negative growth. two and they will be in recession. mario draghi said it was a clear majority and he did not need a vote, trying to make this look as strong as he could. paul: we saw some interesting moves in the euro in the past few hours. big dip and then a recovery. talk us through it. kathleen: it has much to do with a very important story broken by our own bloomberg news in europe talking to officials close to the matter. a revolt,re was unprecedented. mario draghi has never seen anything like this, core europe resisting quantitative easing. that's germany, the netherlands, and france. statements from the likes of the governor of the dutch central bank. he had already pushed back and made it clear he was in favor of more qe. they were arguing it is probably better to save qe for an emergency like a hard brexit, so obviously, they had some support, some dissenter

what is the effect, david bloom, on the euro and all of this. the euro is a derivative. is a good question. we said one third. let's imagine 9%, we would expect euro-dollar to fall 3%. the point is it is not like the euro is growing at 2.8%. germany is an industrial recession. we saw the german auto numbers this morning. they were wildly negative. the last thing europe needs is a shop. it is not a small shop, it would be a reasonable shock. that is before we are talking about a hard brexit. it would be quite devastating, in a way, for the eurozone economy, and wherever sterling falls, we see the euro, or pressure as well. it is not an independent event. that is why you like the dollar, because it is another reason not to own the euro. guy: why the dollar? why not begin? -- why not the yen? david: you still pick up deals in the united states. bond yields have picked up again. they are probably worth buying again. you have an option of buying assets. that is why a prefer the dollar. the yen is fantastic. i think dollar-yen will be at 1.05 and it is a risk on currency, it i

we are already seeing euro weakness ahead of this so we might see a leg lower in the euro. european equities on the back foot which is a divergence what we have seen with u.s. futures. mixed messages over the weekend over whether there is optimism or pessimism coming in over trade talks. .he drop of the 10-year yield brent crude is coming off the highs from earlier. concerns around iran and the speed of saudi a ramp -- saudi aramco. we are live at the labour party conference to speak to the director general. that interview with carolyn fairbairn is that 9:45. viviana: and the u.k., that is where we begin. boris johnson is the latest leader to say iran was behind the attack on saudi arabia. he made the comments to the u.n. general assembly. the comments coming at eight tough time for tehran. it. denies >> i am not confident, i am confident that we can not start one. i am confident that whoever starts one will not be the one who finishes. viviana: oil on the rise as doubts remain on how quickly -- it saysa can officials are privately in emergency talks. president donald trump

, fuel euro volatility. going to stay with us. valentin marinov is our guest cohost for the hour. now i want to get the bloomberg first word news. >> european central bank policymakers are expressing skepticism over the need to resume bond purchases. the latest told french media the ecb does not have to use all its policy instruments at the same time. the central bank faces internal debate over policy easing ahead of its easing next week -- it's meeting next week. giuseppe conte said to form a government. he is set to bring a government program today. 70% underwater after being battered by hurricane dorian. the bahamas are still conducting rescue missions on the island of grand bahama. the prime minister said it is not looking good and he expects catastrophic damage. meanwhile, the u.s. has declared an emergency in north carolina as dorian heads to the coast. global news, 24 hours a day on air and @tictoc on twitter powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomb

euros worth of goods. the german business view with regards to china could be summed up as one of huge opportunities coupled with huge challenges one of the main worries is china's new social credit system as well as its own citizens but chinese government also evaluates companies using a point system and penalizes things it doesn't like german companies fear it's becoming a method of blanket surveillance and they say the system is neither clearly nor transparent deregulated. the internet is also a bone of contention foreign companies in china still have complete access to the world wide web but beijing plans to introduce laws to curtail potentially shutting down google or twitter in china turned the old problems with fair play and market access a still prevalent despite repeated promises of improvement german companies say they are still discriminated against in china the chances for major concessions in these areas have never been as good a trade war with the u.s. has china under pressure economic growth

starfish beijing dossing international airport took just 4 years to build and cost $60000000000.00 euros it's already the world's largest single airport terminal building it's going to be one of the busiest president xi jinping cut the ribbon on the bus terminal the launch comes just ahead of the 70th anniversary of the people's republic of china a mass of days in the ruling communist party's calendar or simple. i hereby declare beijing dossing international airport officially. the airport is a powerful symbol of china's rise putting on a show of strength is important right now china is seeing its biggest economic slowdown in decades because of a bigger trade spot with the u.s. . designed by the late iraqi born architects deed the new airport will it 1st cater for 45000000 passengers by 2025 that will rise to 72000000 making it one of the world's most popular hubs. beijing dossing international airport is still smaller than the world's busiest airport in atlanta with 107000000 passengers followed by the existing beijing international airport with 101000000 and dubai international with 89

what they are able to do, is move the euro.ed to weaken the euro through monetary transition mechanisms, through policy rate cuts. it can help the german economy especially. you're talking about the ecb moving the euro. one of the things they have to contend with is re-steepening the yield curve. we have flattened this week on the back of the fed. still in positive territory. what is also interesting is that equities did not react negatively to the fed. despite some people coming out and saying it was a hawkish cut. a discussion saying we did not necessarily agree with that. the two year yield has come down, or at least stayed -- well know, it has come down this week. getting word of what powell said? do you think u.s. equities can push higher? seema: it is very interesting. powell gave a clear message that he had previously. they did not have the communication problems he has suffered. the message he managed successfully to get is we don't feel the economy needs bigger cuts, but if there is further weakening, we stand ready to

development costs of reach 60000000 euro those with funding coming from a variety of source. their investments is partly formed from private individuals so investors basically is partly from from subsidies from the states from the european union and partly from our customers that already put a car that they will receive in the future and they already bade us because they're very a very excited to be one of the 1st to. receive the car reserving one will set you back 119000 euros with a final price tag of 140008 can be suck it charged but in daytime solar panels provide the juice to keep it rolling while others drop to a halt that's a big reason why people don't buy an electric car yet and if you give them. an alternative card i would work in a place where the infrastructure is not so not so widespread i think that's that's a very good way to do interviews those people as well to electric cars and make it feasible for them it still has to show it can survive normal road conditions and can be mass produced but will like one save the planet well it could perhaps lead to the demis

more than a 1000000000 euros have flowed from brussels to wales since 2014. murther to fill has done particularly well. the center of the former mining town was renovated with e.u. aid. the once shabby town hall is now a shiny new cultural center. but despite this most of its inhabitants want to leave the e.u. . people unhappy they feel the need for change and i think they see that leaving the new would be a change in where i know it's for the better over the us they just want something to happen at this point so i think if we went back to another buy it would probably be late again. too many regulations too much bureaucracy brian bowen knows the downside of e.u. agricultural policy. his son is also skeptical about brussels but with the current brics and chaos both men want to be able to plan securely. in the dock and we just don't know what's going to happen and is our future as i would likely urge for somebody to be. an os was going to happen in 12 months time like most honest businesses do you know what will happen in dramas time where there i don't know i

is germany choosing trade always human rights in its relations with china that's the 200000000000 euro question that i'm going to rockall is visiting germany's largest trading popped up and she says dialogue going to result the deadlock in hong kong we lost protest organizers what they think also coming up . life and death in the shadow. indian controlled kashmir on the in fact the security situation is having on medical services. i'm going to manager welcome to news asia it's good to have you with us jones also the angle of marco began her trying to visit with the weight of expectation on. democracy activists had hoped that she would raise the issue of hong kong she did but was it enough here's what she said. of. my pointed out that hong kong's freedoms and rights must be guaranteed. the $984.00 agreement to still valid and addresses a whole series of civil rights that must be respected couldn't miss the incidents it was in the current situation everything should be done to avoid violence the solution can only be found through political dialogue. hong kong's leader has already shown s

dollar against the euro.e emerging market space, this is bad for countries that import oil like india. that is kind of the standard playbook. the one thing i would argue is this oil shock has been different because those currencies aren't following their betas. it is not helping cad or norway as much as it would historically. i think a lot of it comes down to the push and pull factor. supply shocks are generally negative for global growth. we are dealing with the overhang of the trade war tariff premium. as we just discussed, european data is still very slow. what we are seeing in some of our pmi or diffusion indices is we are still not seeing any stabilization of the global economy. with all the myriad factors driving growth in the wrong direction, and oil shock, a supply driven stock would be very bad. i think we are seeing cad, norway, those in to be high beta. this is risk negative oil shock, which is not good for global growth, which i thing is why we are seeing this kind of benefit from safe havens agai

welcome to the euro max new 2 channel. mode a good line of stewards. with the exclusive. must see concerning culture in europe. the place to be for curious minds. do it yourself networkers. so subscribe don't miss out. the fall of the berlin wall began long before november 989. visit the heroes of eastern europe we talk to those who began the struggle for freedom and those who showed personal courage told them no book will score you go no telephone call for almost all of you know you've been in the courtroom we have to go off the wall didn't surprise me i saw it coming 10 years before what's true and. what does it take to change the course of history. raising the curtain starts september 30th on d w. this is d w news and these are our top stories in washington the house intelligence committee questioned the acting director of national intelligence about a whistleblower complaint the complaint alleges that president donald trump abused his power by seeking ukraine's help in the 2020 presidential election that further suggest the white house then tried to cover it up the re

is the euro one of those? the euro is one of those. i think euro is going to have an ok end of the year. part of my basis is slow growth is already priced into the euro. i would argue the euro is one of the few assets along with european yields that has priced the manufacturing slowdown in. i'm not sure all equity markets have. i understand why credit markets are, but that liquidity means they could turn very quickly. the assets most misaligned are equity markets. it is u.s. equity markets see a record highs that are most misaligned given the slowdown in soufacturing in europe is drastic there will be a global drag. u.s. equities will suffer. we are just not seeing it feature to aggressively. the equity market has gone that nowhere for months. surprised iran for the attacks on saudi arabia? do you have concerns about the geopolitical risks? >> with the disclaimer i'm not a political expert at all, i was surprised. it --hink there are under underestimated risks in the middle east. military conflict is not priced in. , more sustained oil

welcome to the euro max you tube channel. goodbye no stories. with exclusive insights. into a must see concerning 4 claims culture in europe a. place to be for curious minds. do it yourself networkers. so subscribers don't miss out. what about. what. they've been at sea for 3 hours fishing in spots that few people know but they catch is small. 5 kilos of fish at 3 euros a kilo makes 15 euros a day and the how can you live from that that up and a lot. if you need a florist is up at 5 30 am she lets a candle for the patron saint and sets off with the husband your gifts in the direction of the say. i'm going in a coupe of this here is my house. just so you know and. yes paul modest and i had my mind set on marrying a fisherman and that's what i did i seized the opportunity and became official woman. i love fishing i really do it's really exciting especially when you have a good catch the god i mean the. the chances look good this morning they're out early the sea is calm and the weather forecast looks good. if you me of feels at home on her boat which bears her 2nd name mo

a 5 billion euro fund was announced for tech companies. hopefully the cash will help turn the country into a magnet for innovators. >> 5 billion euros -- that's the some french investors this week pledged to pump into startups as part of a push to foster growth in the country's tech scene. the french president, himself a former investment banker, was quick to show his appreciation. >> we reached this milestone because of these institutional investors' commitment. i really want to thank them for their action and willingness to take risks by committing 5 billion euros in the next three years to french funds specialized in technology. i think we can applaud you. [applause] the french government is hoping the investment will enable the country to catch up with some of its international competitors. "we will slowly increase investment in the sector and hope to be on comparable levels with the british in the future. today we are at 5 billion. the british are at 8 billion or 9 billion.n. i think this is t the goal w we should aimim for." the gove

the purchase price was 21000000 euros his company is investing a further 50000000 on transforming it ripping out the old offices installing a new facade and building all those luxury interiors. the building will have a generous 4 year and a dorm and of course the lower stories will sell for $5000.00 euros a square metre higher up twice that amount grown or sees him self as a pioneer a very high end construction projects in berlin. typo's and after 2008 everybody said stay away from berlin it's a nightmare you know so i headed to berlin and invested lots of money they said i was not for. i invested counter cyclical e that have been proved right by 2012 at the latest it became clear that berlin was set to boom. isn't it have you doubled in size and way more than doubled since the financial crisis as well because it's clear how much bigger are you 10 times as big . as investments in several cities across germany he says he has a staff of over $700.00 and builds about $1500.00 apartments a year 2 thirds are to rent one 3rd he sells he also bought this derelict office building and surroun