i started $20550.00 euro zone germany. that i didn't i hold explains that the normal 3 cylinder engine had to be reinforced for natural gas which has a higher energy density and the gasoline tank always has to hold enough to get the engine started just once since warmed up the engine switches to natural gas automatically and the change be felt before august. this combined gasoline and natural gas system is known as by vigilant the driver can switch from one to the other at any time but the gasoline tank holds only 9 leaders compared to the 91.5 meter natural gas tank thank you the public t.g.i. a range of up to $368.00 kilometers on natural gas. imported to you know finds the polo t.g.i. drives almost like an electric car he drives very defensively and keeps an eye on the range display to go as far as possible on natural gas that seems both money and emissions equal at. gas cost about 30 percent less than gasoline is but that's before the ambition cost of over $2000.00 euros for the power train the owner has to clock up to

because they don't know what is going to decide about tariffs on auto imports from the euro zone and remember germany actually is accounts for around 70 percent of the total of vehicles imported to the u.s. so that's going to be huge and that's going to be something that's concerns the investors in the future. concerned i living here in europe's biggest economy growth is on track things are looking a little bit better than we thought but is point 4 percent something to get excited about. yes yes definitely in the current scenario is something to get excited about especially when you see where you coming from just 2 quarters back you were in a recession to 3 loss in the 4th quarter of last year the g.d.p. was flat so definitely come for much ahead of where we were 2 quarters back but there are concerns about what i mentioned and if and if donald trump is going to. not impose any tatters it could only get better from here because the job numbers are looking great the wages are solid that means good person consumption household spending is going to stay robust so it all depends on which we don't trump i

is projected to grow just a bit faster but the biggest surprise it came from the euro zone's biggest economy. germany's growth forecast was cut to just half a percentage point second week is pace in the block. germany'ss economy is driven by manufacturing and exports and it's been deeply impacted by the global trade tensions you see italy at the bottom there this is the commission forecast just point 1% gdp growth. after it slipped into recession at the end of last year. european officials issued an even more dire warning about room spending plans setting the stage for a renewed clash. european commission says the budget deficit is due to hit two and a half percent of gdp this year and three and a half percent next. that would breach the rules which mandate member states to keep their deficits within 3% of gdp. room could face sanctions if it doesn't ring its budget in line. our friends is gearing up for another wave of voluntary redundancies as the flagship carrier struggles to stay relevant. it's short and medium haul routes are dragggging down its prprofitability as peter brian explains. for an incr

asia and that suggests also that we are going to see renewed buoyancy in exports out of germany and out of the euro zone. where there's a lot of global uncertainty of course both in the economic arena and clinically so one of the biggest threats the e.u.'s economic path. to do big wrongs the risk of an escalation of off. of trade tension and a hot direction on trade tensions what we are concerned about is not the direct impact of off of. tariff some sports but particular if there's an escalation. to tough tit for tat escalation and that could that could have a. more profound a negative impact in a direction where we of course are concerned about is. said we need to go to w t o rules and we of course concerned about most of them happening at the same time that will spell trouble and you say the outlook for the e.u. then is cautiously optimistic but with uncertainty i think that's exactly right yes and that was paul thompson speaking to us from unit he's european director of the i.m.f. folks wagon says it will go into battery cell production with a partner firm in northern germany the auto giant superviso

again a hugely problematic for germany germany's a huge exporter of automobiles and it's a console in the 70 percent of the. imports to the u.s. right from the euro zone i mean of course we've seen in recent years that to germany always managed to weather the storm some how would you say it's still a safe investment. well there are certainly encouraging signs the unemployment is at record lows the wages growing and that augurs well for the domestic consumption the domestic economy is strong as you just mentioned but there is a major caveat and that is how president trump and president xi jinping of china are going to act in the next few weeks because that's going to determine german the head of the german economy ok i should touch monday there in frankfurt thank you so much well it is a sad fact that coral is dying the world over climate change destruction by carelessly most and yes even the sunscreen many tourists love of themselves with a killing coral at an alarming rate to preserve what's also a major tourist attraction and source of income for locals thailand keeps one of its most popular beaches closed for 2 more years to help it recover. with c

especially from eastern european workforces working in, say, the euro zone, that they have seen concerns, say workers from romania working in germanythat they won't necessarily report those wage discrepancies that they--that they're seeing. damian: well, it's a billion--billions and billions of dollars in industry, especially here in silicon valley, and it's happening right under our noses here. again, this is research out of stanford university. you can log onto that website for more information, right? this is where you're working out of, this office right here, and that's where your research will ultimately end up. forest: that's correct. is it okay if i add an invitation? so, this saturday, february 23, there will be an event at the yerba buena high school called justice for workers. and at that event, we will have some presentations. and some of the research that i've been involved in will be one of those presentations, where we'll show where we've used an advanced data science approach using machine learning to try to better detect wage theft. damian: okay, all right. well, good luck. forest: thank you very much. damian: appr

euro zone. slashing the outlooks for major individual economy. brussels says germany will expand by .5%.an half the previous forecast and a downside risk for the region remains prominent. they note exceptional weakness in manufacturing. thailand, election commission has confirmed that a party linked to the exiled former prime minister took the most seat in march's election. a promilitary party took 97 seat , which means both missed an overall majority. they are competing to form a workable coalition. global news 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm jessica summers. this is bloomberg. p thank you -- paul: thank you very much. traveling to washington for the latest trade talks despite mounting concern about the prospect of a deal. correspondent enda curran is here. what are we expecting from the delegation in d.c.? " -- >> there seems to be consensus that the threat of tariffs was the way to go and that they should impose them if china does not come up with new offers in the talks on thursday and

> back on this side of the atlantic, jean claude junker has accused germany, austria, and the netherlands of blocking further euro zonebeg las vegas. the president told the german newspaper that there had been "no progress" in the creation of a deeper monetary union because of resistance from those two countries. junker separately raised the possibility of an issue in the near future, but said it would take another form. >>> meanwhile, italy's deputy prime minister has made a pitch the hungarian party to join his far right political alliance the two leaders had met in budapest ahead of this month's european parliamentary election. the party was kicked out of the center right people's party block in march although he does not give any concrete commitment other than to warn the epp that he would find it difficult to support the group if it aligned itself with lesser forces on migration issues >>> leaders of the european parliament's four biggest blocks vying for the submission presidencies, they locked horns in florence last night manford weber from the socialist party, eva hostad and star keller from the green. they al

people might complain but it's not justified germany gets a lot back or journals if you recall the simple fact alone that we're on the euro zone means there are no currency barriers to trading with various other countries as europe's number one export nation that's a major advantage. for example the hamburg port also serves as a port for the czech republic we handle $500000.00 containers that are czech so we also benefit from the czech export economy and what the czech republic imports from china for example. that sounds impressive close to 25 percent of jobs in germany depends on exports in recent years the country's foreign trade balance has showed a record surpluses. so germany is an excellent economic shape but what about other countries that are less well off. i'm off to italy i'm going to explore the dark side of the e.u. along with the widely held idea that the e.u. is too weak. the mediterranean no longer seems so a delay in the last 3 years an estimated. 10000 people have lost their lives trying to cross it many of those who survived the journey ended up here in a prayer. why can't the e.u. solve this crisis what's th

the headwinds coming from global trade had a big impact on germany, which had an impact on the momentum in the euro zonee biggest downside risk in the global economy is external and puts the greater risk of countries like germany, who have a model that is so focused on the outside world. chinane of the phrases of -- that was quiet in the last 24 hours -- and we have had some phrases out of the press of china and beijing in one of them resolve." what will that due to to the equity markets? ben: one of the mistakes we might make an we might think we are rational beings, we are looking for the type of win-win outcome that allows the most growth for all participants in the global economy. new look at their actors -- the actors -- when you look at the actors and their motivation, that may not be their motivation . when you look at how donald trump acting into 2020, what will happen to the economy and the strong mark -- stock market, and what will his base think about china? thinkht sit here, and i people complacently have said, we are bound to get a deal because it makes sense, but there are incentives that

i think the risks of auto tariffs and of europe and especially germany becoming the focus is there, and you know, growth in the euro zone weak. it's below 1%, and you know, q1 was relative ri stroly strong b don't think that growth will be -- i think it is definitely a factor of it's a source of downside risk for an economy that is barely growing above zero so yeah, the outlook remains weak >> thank you very much for weighing in. executive vp and sovereign credit analyst from pimco. >>> coming up on the show, stay tuned as we break the bank of italy's annual report ahead of our exclusive interview with the governor rebekkah: opioids has taken everything and everyone i've ever loved away from me. everything. i blew my ankle out and i got prescribed pain pills by my doctor. if making my detox public is gonna help somebody i'm all for it. i just wish i would've had a warning. for adults with moderately to severely active crohn's disease, stelara® works differently. studies showed relief and remission, with dosing every 8 weeks. stelara® may lower your ability to fight infections and may increase your risk of infections and

nuclear a 60 day countdown unless europe delivers on trade, and data out of germany and what that means for the euro zoneng. president iss giving european countries that signed the agreement to fulfill their -- 60 days to fulfill their it -- commitment. we did not initiate the violation of commitment and will not initiate any wars. we have never, ever given in to bullying and will never succumb to bullying and will respond to any aggressor. kailey: the trump administration refused to issue waivers to allow countries to import iranian oil. japan fellipments in abrupt turn and trade talks. negotiations resume later in washington. donald trump reportedly lost more than $1 billion from the 1980's to the 1990's. the president appears to have lost more money than nearly any other individual taxpayer. he avoid paying taxes eight of the 10 years. demands enough investor to price its initial public offering at the top of its price range, putting in an order for three times the amount of stock on offer. it is likely the biggest ipo this year. global news 24 hours a day, on air and @tictoc on twitter, powered by mo

germany will rise to a substantial issue. >> i was looking at a chart for 2018 public finances comparing the euro zone to the u.s.ically adjusted. u.s. at 5.5% who is to say that the appetite is there what makes you think that the germans are going to start splurging? >> let's be creative and think about 5 g. the u.s. -- this 5g is potentially $13 trillion of economic activity. what's happening with the u.s. and china around 5g, europe will be left behind there are things like that that are very embarrassing politically. i think europe is going to come together and realize they have to start opening up the bank account in germany >> all right well, we'll have to see about that see how strong the kryptonite really is. >> the move comes after a smaller risk buffer for her the company's ring fence operations. lloyds add thad it remains strongly capital generative and expects to build 170 to 200 basis points of captain wally. reuters reports that european regulators are worried the german lender's position has worsened since it failed to test in 2015, 2016, and you may recall they failed it last year as well. another

from the euro zone so that's going to be huge then the other concern is of course the escalating tensions between china and the u.s. both of them are crucial markets for exports from germany so there are clouds on the horizon so is 0.4 percent really something to get excited about that. it is yes of course i mean most definitely the investors are any day going to latch on to this number especially when you see where the german economy scumming from just 2 quarters back germany was looking staring into recession the german economy was in a contraction territory then the next quarter the 4th quarter of last year the german economy was flat so they don't want 4 percent is certainly a number to be excited about they're also for a possible green shoots that we see the unemployment is at record lows the wages are solid and that means that the house or lower spending is going to remain solid . but there is a major caveat it totally depends on how president drum and president xi are going to act in the near future because that could totally derail this good all right i should spend a speaking to us from frankfurt good to talk to you. now with a country struggling economy has led

happening globally has had an impact on the euro zone growth outlook so we've seen trade slow down significantly. it has had quite an impact on export economies like germany but even italy the hope is that trades globally will kind of stabilize or at least pick up in the second half of this year but of course we still see a lot of uncertainty around the future of trade relations globally, so there is still a risk that this does not materialize, although the latest data seems to suggest we've seen some stabilization of the economy in china, which was kind of the major economy pulling down global trades so far. >> i just want to bring you into this conversation as well. how much trouble do you think european banks are in? there's a laundry list from the ecb here for what banks need to do including, you know, diversify their revenue streams, try to divest some of their legacy assets that perhaps aren't performing, is that something that you would advoca advocate is it something these banks need to be doing, or is this really just about the low interest rate environment? >> as part of that, the difference between say the ten-year yield and the very short-term

euro zone economy is not exactly the bastion of strength right now. earlier this morning we got some slightly worse than expected data coming out of germany as well whatis mean about the health of the overall economy in europe and how closely are they tied? the u.k. economy to that with the continental europe given all that's happening with these elections right now. >> you can identify the second half of 2018 earlier this year there were scenes of this, but basically service in the mmi in between the last reading we got this morning. basically suggesting that the underlying trend for economic activity is still pointing down. >> such as an anticipation of, say, tensions and also brexit could really derail the economic situation in the euro zone, and the problem is at the moment in the euro zone, the political state looks constrained, so monetary policy is quite stretched. >> well, as i said, i think the that populist parties will make some significant gains however, populist parties are also highly fermented, and actually, if we focus on right wing political parties at the moment, they are over three different european parliamentary groups, which mean

germany is very, very exposed there. brexit uncertainty, another huge issue that's hanging not only on the u.k., but also over the rest of the euro zone as well and let's not forget the plekt developments we've got the big european elections coming up next week. lots of questions there about how the populists will do and the impact that it's going to have on some of the public finances particularly focused on italy. broadly speaking, the numbers have come pretty much in line with expectations and are pointing to at least some positive germany if i look at shares of deutsche bank, or if i look at other economic data out of germany, one could make the argument that that economy for lack of a better term, is doomed, but we got new numbers out this morning that maybe says not yet. >> no, not yet they came out this morning slielgs higher than expectations actually for germany the gdp numbers there came in at 0.4% quarter-on-quarter. most people had been expecting 0.3% germany had stagnated in the fourth quarter it was actually slightly negative in the one before that, and the question is whether or not this can really continue going forwar

regardless of what's happened in this election, that's largely to do with germany and france's position as to whether this should be a euro zoneon -- defeat for macron, but he had made a personal battle, but compared to le pen's performance five years ago she would have been disappointed by the results yesterday. she did were since she was and five years ago they said they were going to storm the european parliament and destroy from within. what has happened is that they have actually temperature it -- tempered their message. they no longer want to leave the euro or the european union. of destroyge instead the european union re--- from within is to reform. so it's a blow for micron, but not as bad as it could've been. nejra: peter, were talking about a relief rally in european equities with the euro very -- barely budging. reaction? muted because a more important things in this world than the e.u. elections. and that's the trajectory of the global economy and of the u.s.-china relationship. in the the elections e.u. and the elections we will have in denmark has us all talking about national things when what's really mattering

people might complain but it's not justified germany gets a lot back on those if you recall the simple fact alone that we're on the euro zone means there are no currency barriers to trading with various other countries as europe's number one export nation that's a major advantage. for example the hamburg port also serves as a port for the czech republic we handle 500000 containers that are checked so we also benefit from the czech export economy and what the czech republic imports from china for example. that sounds impressive close to 25 percent of jobs in germany depend on exports in recent years the country's foreign trade balance has showed a record surpluses. so germany is an excellent economic shape but what about other countries that are less well off.