will be and here is the reaction to bosches so-called breakthrough from our markets reporter in frankfurt conrad boost. well the shares of the car makers have not been ignited by this story today you know the diesel cheating at fault brought about a whole cartel of wrongdoing in the industry including bosch including the state officials who failed to effectively control the diesel emissions this has destroyed a lot of confidence among investors i talked to a car analyst today here at the exchange who wouldn't believe the news at first we had to look at the press release twice i think it needs a lot of time for investors to believe in good news and diesel again. take shares now when twitter posted its first quarterly profit a few months ago many wondered if the results were just a flash in the pan for the micro-blogging sites and latest quarterly earnings show otherwise the san francisco fund's post the sixty one million dollar profit some pos in expectations but twitter shares plunged business in the us isn't running as hot as it was a punishment is tightlipped about for costs more from a wall s

now let's get the word from our financial correspondent on the corner standing by in frankfurt conrad's is the several cartel in germany the appropriate body to take aim at facebook's data collecting methods. well at least here in germany they are one of the most powerful offshore a tease they have the right to force a company even if it's a large american internet company to change its business model if they think that this company abuses its position in the market and the chief of the cartel office in this interview made it pretty clear that he thinks that it's illegal that facebook collects data from internet users and even if those internet users are not on facebook and even if on whatever website those users do not click on that little facebook like but they find on that web site even then facebook is able to collect data from them at the cartel office things that is not something facebook should be able to do and you know the germans are not alone here the chief of the cartel office made it pretty clear that they are in communications with congress in the united states and also th

let's get some more with conrad who is and who is standing by for us in frankfurt conrad for seeing us a sighting severe breaches of data integrity what's behind that. you know christopher all this started a while ago with allegations against acorn anonymous allegations it was tipped off about this by an anonymous letter writer who claimed that in the past acorn had failed to meet a regulation by the u.s. food and drug administration the f.d.a. and this is about data integrity is all those regulations which means they have to do with the way how data is generated and stored in the process of you know developing and producing and selling generic drugs now because ios says that it has implemented independent inquiry of all this and that this has found out that those that there is some merit to those allegations and that this is so bad that calling off the takeover now is the better way to go i would see shares of prisoners actually rising this morning because people at the stock exchange were not really fond of the deal in the first place why is that. well you know this deal was talked a

is our frankfurt correspondent conrad who isn't with the markets take on this. well the different statements today were received with hesitant optimism on the markets here in frankfurt trading hall the mood changed to the positive after larry kudlow the u.s. president's economic advisor said that he will travel to china together with steve minutia and the u.s. secretary of the treasury the german share index dax change from the downside to the upside after those statements came out all this sounds like a tough but peaceful negotiations not like a trade war this is the take on that on the trading floors and this is what investors are hoping for. going on booze in reporting that another grilling for facebook british lawmakers repeating their call for c.e.o. mark zuckerberg to appear before parliament over a data breach they rejected explanations from chief technology officer mike trout for he told the committee facebook will introduce you measures to boost advertising transparency in britain by june as it cracks down on manipulative political ads in the spread of f

generics market a spokesperson said let's get more of this was conrad booze in standing by the frankfurt stock exchange conrad for citing severe breaches of data integrity tell us more well yes allegedly acorn failed repeatedly to comply with regulation by the american f.d.a. the food and drug administration regulation with which has to do with how data is being generated stored and communicated in the production of producing pharmaceutical products frizzy in u.s. learned about this at first by anonymous letter and then implemented inquiry which according to u.s. has found out that the infringements were so bad that it was well that it was better to call the whole deal off now i have to tell you though there are a few people here at least at the exchange who believe that this is an excuse that this is way for us to pull out of a deal that many here believed was a bit expensive. reporting from the frankfurt stock exchange there not for the latest on an industry which reminds us how important it can be to just stop and smell the. visitors flocked to the. flower park in the weekend for the

let's get more from garbo's in standing by the frankfurt stock exchange conrad how are those figures going down on the market. because of the share price of of alphabet here in frankfurt trading is higher but not very much because there were a couple of one off affects in this earnings report for example. that had to book due to a new accounting rule all its equity earnings and all its equity holdings much more precisely than in the past this added a huge amount of money to the balance sheet but of course this also means that future earnings increases will not be as high as this one because this only happened once this accounting story also points to something else alice funded by much more and more difficult to analyze and to look into alphabet it has become such a congo armor it's such a huge business with so many investments and so many business feels it's impossible to predict what's going to happen in future and of course the privacy discussion the discussion about data data security and potential abuse of data by companies like alphabet only is adding to this problem. in frankfu

operating in a more level competition environment now let's get the word on this from the frankfurt stock exchange with conrad who isn't standing by first on it all the german cartel authorities the right body here to address these issues. well at least they are a very powerful or thora t. you know they can force a company even if it's an american internet company to change its business model as soon as they the cartel office think that the company abuses its position in the market and the chief of the german cartel office made it pretty clear that he thinks that what facebook does is illegal the collecting of data from users of the internet even when they are not on facebook and even when they do not click on that little facebook like button they find on any given websites even then facebook is able to collect data and the cartel people think this is illegal and you know the germans are not alone the cartel office chief says that he and his team are in connection and in contact with the u.s. congress and also we have the e.u. commission which is after the large internet quasi monopolists so a lot of people a

and let's get more from conrad burns is standing by the frankfurt stock exchange calm of the upbeat mood among germany's executives is evaporating the head of the institute says what's the word on the trading floor. well here too the mood has evaporated somewhat the business climate has come down not only in germany's manufacturing and construction sectors but also in the services sector in april for the first time the in-situ included the german services sector in this index for the people here on the trading floor this means that the choppiness business sentiment and economic data from the first quarter might be lingering might be continuing into this current second quarter and not only here in germany from france from paris the in say in situ for ported that the clean mud is a fair the business climate in france has come down as well all this is having a negative effect effect on our currency the euro has lost significantly this morning. thank you. and that wraps up our show for now thanks for the company or more simply follow us on social media i will have a fresh update for you here

economy now let's bring in conrad business standing by in our frankfurt studio cannot no interest rate hike by the e.c.b. had been expected but it hasn't even been a hint when we can expect an end to quantity of easing the massive bond buying program how much of a disappointment is that to people where you are. well i am in frankfurt a place where many monetary policy hawks can be found and many of those people are disappointed today that maria druggy at his press conference said that the e.c.v. council hasn't even discussed to establish a road map for quantitative easing tapering which is you know a cutback of this very generous monetary policy not even a roadmap in june so we don't know whether this will really end in september as planned at the moment we don't know whether it's going to preprogramed in terms of interest rates of course there was no major expectation today we could see it on the currency markets in the course of the recent week where the euro has lost about two u.s. cents in the course of one week because well the market is expecting interest rates to rise in the uni

let's get more on this with conrad bosun standing by the frankfurt stock exchange contractors in his siding severe breaches of data integrity tell us more. well yes allegedly acorn failed repeatedly to comply with regulation by the american f.d.a. the food and drug administration regulation with which has to do with how data is being generated stored and communicated in the production of producing pharmaceutical products frizzy in us learned about this at first by anonymous letter and then implemented an inquiry which according to fizzy news has found out that the infringements were so bad that it was well that it was better to call the whole the loft now i have to tell you though there are a few people here at least at the exchange who believe that this is an excuse that this is way for craziness to pull out of a deal that many here believed was a bit expensive and can all prices have been on the rise lately so has inflation how does that impact the market. well it's reflected on the bond market today the yield on the ten year treasury the ten year u.s. government bond has risen to

we'll have to say something about that i read you bring us up to date on that later on conrad wasn't for us in frankfurt thank you now facebook's flush with money after a new critic first quarter profit went up sixty three percent to five billion dollars on advertising revenue showing little fallout from various data misuse scandals plaguing the social network facebook has been trying hard to appease users investors and regulators in the face of questions over allowing improper collection of private data while the bad press heard facebook's stock price of first shares a hottie heading back north again. and all to china which is considering a cut to imported u.t.s. on passenger cars the duty could be reduced by about half a news reported sighting people familiar with the matter the move should be parts of the country's plan to further open the automobile market according to bloomberg china's cabinet wants to reduce the levy on imported cars to between ten and fifteen percent that from the current twenty five percent an announcement on the decision could be made as soon as next month. that's your business

and let's get more from conrad burns is standing by the frankfurt stock exchange conduct the upbeat mood among germany's executives is evaporating the head of the evil institute says what's the word on the trading floor. well here too the mood has evaporated somewhat the business climate has come down not only in germany's manufacturing and construction sectors but also in the services sector in april for the first time the institute included the german services sector in this index for the people here on the trading floor this means that the choppiness business sentiment and economic data from the first quarter might be lingering might be continuing into this current second quarter and not only here in germany from france from paris the in c. in situ for ported that the clean is a fair the business climate in france has come down as well all this is having a negative effect effect on our currency the euro has lost significantly this morning. thank you. now french automaker p.s.a. the company which produces spiritual and cars saw revenue shoot up by forty percent of the first quarter tha