european union are going to benefit we got very interesting numbers today from the center of european economic research they are always doing a survey and kind of an indication of how the next six months off businesses are going to perform and on a scale with twenty points the european businesses are actually all ranked right now with seventeen points that even made investors you surprised they were expecting a number roughly between ten and twelve points and the big winners right now are mostly banks and financial institutions who are really getting stronger with this. with this negotiation talks ok so that's sort of a refers to the next six months what about when briggs it actually occurs are you getting the feeling that investors are bracing for the worst well the big question of course is there really going to really going to be have directed at the end i had a very interesting conversation a little bit earlier with an investor exactly about this topic and he was telling me that you know with this situation right now that it really seems to be the case that the rest of europe is benefiting he would

that companies are benefiting with this we just got a new report today from the center for european economic research and they're saying you know that the growth here and the eurozone is actually you know doing very strong with a level of seventeen points on exports were actually expecting only expecting a level of you know twelve point zero reason behind this is also because mostly you know for example banks or other financial institutions are benefiting and they're really seeing that at this time you know with this negotiation also being so slow that they're just in a much better position and that most likely the united kingdom economy is more going to suffer with brics it can i just briefly ask you something off the cuff i mean we're talking about and we've been talking about this for months now of course all the consequences the fallout from that but just remind our viewers briggs it hasn't occurred yet. are investors telling you. we're going to suddenly get a really bad surprise at some stage when break that actually does happen just briefly. well it's very interesting because when you talk to s

union are going to benefit we got very interesting numbers through today from the center of european economic research they are always doing a survey and kind of an indication of how the next six months off businesses are going to perform and on a scale with twenty points the european businesses are actually all ranked right now with seventeen points that even made investors you surprised they were expecting a number roughly between ten and twelve points and the big winners right now are mostly banks and financial institutions who are really getting stronger with this. with this negotiation talks ok so that's sort of a refers to the next six months what about when briggs it actually occurs are you getting the feeling that investors are bracing for the worst well the big question of course is there really going to your brakes are really going to be of directed at the end i had a very interesting conversation a little bit earlier with an investor exactly about this topic and he was telling me that you know with this situation right now that it really seems to be the case that the rest of europe is benef

this morning from the center for european economic research they are always giving an outlook of the next six months and they're saying that the environment here in germany to do business is actually very strong. right now on a scale with seventeen points and when you talk to experts they actually thought it would be just up was twelve points of course there's this question if this image if this positive outlook could change you know we're becoming third strongest party here and the parliament will certainly know more about that after the election. in front thank you so much for this well with breaks it talks not to making any real progress many parts of business are left wondering what's in store for them and that includes fishermen those in the e.u. want to access to english waters where they make about half their income britain would prefer to limit the competition there so often things on the to that simple. at the center of the debate is the english channel a rich fishing ground for british and european boats alike french crews like this one say loss of access would be devastate

that you have that news actually kind of came as a surprise this morning the center for european economic research it came with fresh numbers this morning stating that in the next six months the economy will be growing even more they have a scale with seventeen points and the german economy is right now there were seventeen points experts here were just expecting a level of twelve points so yeah pretty positive outlook for the next half year here in germany ok well that sounds good danielle cope in frankfurt thank you so much for the positive outlook. not quite so positive ryan air europe's largest airline by passenger numbers is canceling a thousand of flights it's a rather unusual incident for the other way so reliable carrier and a ride in has just published a long list with all the floods affected until the end of october but that's not really any comfort for the airlines stranded to customers they demand answers the airlines c.e.o. says they messed up the pilot's vacation to know reese but not everyone is buying that. around forty to fifty flights are said to be canceled daily that's a total

european union? with us is the former president of the efo institute for economic research.t business confidence, it's been pretty high. does this give the business community more confidence of a stable environment, or the fact that the vote was a little more broken up, is that a note of warning to the german electorate, business? today, there was a new indicator which went down a little bit, but the questions were asked quite a while ago. this has nothing to do with yesterday's election results. vonnie: so you don't know yet then? you can make a judgment as a former president of the ifo institute, whether this will impact the ifo reading. >> it could come up the indicator is not just a sentiment indicator. it is a questionnaire with 7000 report about their business contact. this is really hard data. i don't think it will be very much influenced by political phenomena. are your early thoughts on the prospects of coalition building? how quickly will it take, what sort of coalition might chancellor angela merkel end up with? >> originally, i had thought the old coalition was s

economic advisor. ♪ ared: european banks as method to change his research. $140,000 for premium research at nomura, toesearch add jpmorgan. joining us, jeff solomon, the ceo of cowan. this is something i do not understand. uncovered for some time. it's not a secret. why aren't people ready? each of the various eu regulators of each country are responsible for implementing the two. it can be different than the roles that are going to be required in the u.k.. there are mechanical elements. also i feel like people are wondering how they can comply from a mechanical standpoint and what they are want to do with their businesses globally. we have known that this is coming for quite some time. , we think -- at cowan it could be potentially disruptive, but that's not a bad thing. david: the regulators have been clear so cowan could be prepared for it. jeff: if you are trading in european counties, you will have to have a research payment account and have that associated with the costs of research, that's for sure. beyond that, whether people will comply with the laws just in europe or whether they are going t

. >> european stocks on a day which data shows rising economic sentiment in both germany and overall in the euro zone the ftse is higher getting a lift from upbeat retail news according to researchm cantor, sales at supermarkets in the uk are up 3.6% each saw sales rise more than 2%, but the report also shows privately held german grocers aldi and lidl gaining market share in the uk. in fact, lidl saw the biggest sales increase up more than 18%. hugo boss among the biggest losers after morgan stanley downgraded the retailer saying boss faces pressure that's market driven as opposed to brand driven that stock down 3.5% high again, also lower today after mexico announced it had sold a 5.25% stake in the dutch brewer valued at $3 billion, this as femsa tries to focus its shift to domestic investments. heineken down about 3.7% in today's trade. melissa, back to you >> all right, thank you. >>> still to come, why the former wells fargo ceo says the fed should stop worrying and learn to love low inflation. first, we are watching shares of tesla under pressure after jeffries initiated coverage at an underperform rating saying its business model can be scaled not as profitably. price ta

european banking. great to have the on the program. we have just heard that ing is to distribute economic research for free. good morning. have decided to do this and how exactly. for al, i think it calls clear decision as to which research is available to everyone. what research would be more proprietary. always want to be very clear, as soon as possible. we have been very clear as to general economic research, ecb s the kind oft i research we want to make freely available. we did so already this week through a website that is available to anyone and accessible to anyone. nejra: does this mean that it will avoid you having to make job cuts in research departments? >> it has nothing to do with that specifically. it's just that we want to be very clear as to which part of our research is freely available and what part of the research is proprietary. that's the separation that we made early on. a storiedave got career at ing, including tours of duty in ing territories. john cryan today of deutsche bank cries for consolidation within european banking. are we going to see this kind of consolidation? can europe consolidate cr