so the a way to raise your g.d.p. is a give people more money to spend money and therefore you're going to get more g.d.p. per man hour that's it but of course it never happens because the worker the wage earner of the surf the subject of the british crown is considered to be expendable and they get nothing i think that could be more of it than just wages because if you look at it you know i posit that it's you know it's been a lot to do with the demoralization that follows the precarious introduction of neo liberalism and the the end of there is no such thing as the. the fact that you're not part of anything you're just one job bag of donuts up against these nameless faceless shareholder corporations that it's you against them and i think margaret thatcher your prime minister aren't going to fight for you it's you against them and to put this into international context by the way of just how bad the situation is in the united kingdom let's look at their arch rival france to put it into international context it takes

which pays three and a half percent of its g.d.p. tonight has repeatedly pressured this and i stated to pay at least ten percent of their g.d.p. in twenty forty nine to agree to increase defense spending accordingly within ten years and while the u.k. meets the criteria mattis noted in the late in the letter that more is required in britain but at the same time stress that france is boosting its spending despite not meeting the two percent threshold the pentagon is demanding and it's left donald trump again saying that washington's nato partners just expect the u.s. to foot the bill with the piggy bank that they'd like to take from whether it's military protection you look at nato nato we're spending ninety percent of their dough now it's all wonderful and we like to help out but it helps them there in europe helps them a lot more than it helps us we're very far away so we have this incredible germany is spending one percent of our much smaller g.d.p. we're paying close to four percent of a much larger g.d.p. now so that doesn't work

actually being captured where is the ultimate g.d.p. being captured or are they a transportation system sold to governments in europe yet they get into government but the french government owns british some of the national rail infrastructure right people in britain put their cart in to go use the rail system the money is going to france yes going to the electric grid as well and a larger good idea for us so the government just sold everything off they sold the cow and then they're buying the milk right the six weight is that they're not the set of his having the the milk from the cow and why because of the rich list keeps going exponentially higher they're just grabbing grabbing grabbing because the average person the subject of the queen has no agency there for serfs again it's the worst the seven hundred ninety four back in seven hundred ninety four things weren't looking so good for france the united kingdom united with all sorts of nations around the world and attack crabs here france is getting the last laugh there they get to wor

we're paying close to four percent of a much larger g.d.p. so that doesn't work folks but we did ask political analyst chris bambery whether he thinks that the u.k. will give in to washington and boost the fence spending. british annoy in this so-called special relationship between america and britain it's always the united states is called the shots and britain's put a trail along like a poodle saw i suspect that bricks that britain facing in you know worries about where its future lies the temptation is going to be yes we need to hold course the united states even if they're not that interested interested as a more even it's pointed out that donald trump is fed up with the reason i'm in our way of operating the brits are still likely to tag along behind and probably already know the defense chiefs are saying to the british commonwealth this is what we said we have to increase spending so i suspect actually the brits will give in to the americans of push comes to shove and they're looking over at friends and friendship to trump suppose it ha

so the a way to raise your g.d.p. is give people more money to spend money and therefore you're going to get more g.d.p. per man hour that's it but of course it never happens because the worker the wage earner of the surf the subject of the british crown is considered to be expendable and they get nothing i think that could be more of it than just wages because if you look at it you know i posit that it's you know it's been a lot to do with the demoralization that follows the precarious introduction of neo liberalism and the the end of there is no such thing as this. the fact that you're not part of anything you're just one job bag and donuts up against these nameless faceless shareholder corporations that it's you against them and i margaret thatcher your prime minister aren't going to fight for you it's you against them and to put this into international context by the way of just how bad the situation is in the united kingdom let's look at their arch rival france to put it into international context it takes a brit

two percent of g.d.p. for defense and that is really the progress we have designed it that we have to follow up on the implemented we call tailored for a presence in romania and the black sea region we are also strengthening our maritime posture developing our nighttime capabilities and this is and in addition to increased presence in the black sea region we had land forces air forces a marathon forces. one of the most important things we. have done today is to further strengthen our ability to reinforce to move forces quickly if needed so force natal as the fence and the third is not on the base on the force we have for instance the black sea region the national forces on the nato multinational forces but is also of course very much dependent on our ability to reinforce move forces quickly and both the increased threat and the saw forces for thirty's initiative the fact that we all have to treat people the size of the nato response force and the fact that in our addressing military mobility. much more vig

exact wording as we have some of the other they don't partners on some twenty two percent of their g.d.p. b.d.'s the sense that the americans were there and i was saying what exactly that means i don't know we're still trying to get independent confirmation so far we have one yes or doing this and we also have to find out if this is catering to the whole crowd or is there really is a substantial trust behind this what i can say is that you had a press conference scheduled with the german chancellor are going to back out which was postponed indefinitely maybe there is a connection there although we should ask the purpose max this does come after day a very tough rhetoric from the u.s. president on day one of the nato summit so with that backdrop how seriously should we take right if it is confirmed. well it's a pattern that we've seen before for example with the seven summits everything there seem to be communicated they seem to be on the same page and just as the summit seems to wrap up and in this case the nato summit is about to wrap up there's a tweet or there has been or something th

gets maybe four or five percent their g.d.p. is based on exports to great britain so you never go to a gunfight with a knife and united kingdom was never going to win this negotiation and their attitude was a total entitle meant like you don't understand we have got the queen so the germans are their friends they're just going to bow down and they're going to give us a great deal because we're great and everyone knows are great and i said wait a minute these are hardened to tonic just laying german people they're not going to just throw money at you you silly couse well the next headline just shows you who. may is up against what she's trying to negotiate because a full member of the e.u. who had the euro who was a part of the european union who were actually very enthusiastic members of the european union and embrace that fully and took in all the refugees and and immigrants flooding in throughout the because of the wars that we're fighting in the middle east while germany has made over three billion in profit from greece's cri

we arey seeing v strong growth right now. 4.1% in this quarter, and g.d.p. erowth this year could rise to 3% for the first t in over a decade. so those are very strong numbers for theresident. on the other hand, the question is, how long do these numbers last. i think some of this is the effect of the tax cut and economists see that fading somewhat into next year. and then also we had some very interesting numbers with trade, as well, with the trade tariffs increasing growth nowot butn the way that the president probably wanted. actually pulling forward purchases so people were trying oo buy goods ahead of those tariffs going iffect so that's likely to drop off, as well, in coming quarters. robert: you're saying maybe there's a frenzy of activity before next quarter.l so w this frenzy of economic , bevity, all this growth sustainable if people are buying now to do different deals before theariffs kick in? joshua: trump says yes. mostly economists say no. as ana alluded to, a lot of foreign buyers of u.s. agricultural goods like soybeans moved forward t purch

which pays three and a half percent of its g.d.p. to nato has repeatedly pressured its allies to pay at least to a percent of their g.d.p. in twenty forty nato agreed to increase defense spending accordingly within ten years and while the u.k. meets the criteria that is did note in the letter that more is required of britain but at the same time stress that france is boosting its spending despite not meeting the two percent threshold the pentagon is now demanding and is left donald trump again saying that washington's nato partners just expect the u.s. to foot the bill with the piggy bank that they like to take from whether it's military protection you look at nato nato we're spending ninety percent if they don't now it's all wonderful and we like to help out but it helps them there in europe helps them a lot more than it helps us we're very far away so we have this incredible germany is spending one percent of our much smaller g.d.p. we're paying close to four percent of a much larger g.d.p. now that doesn't work folks. political an

you know what is a productivity its g.d.p. per man hour raise wages and you've got more g.d.p. because you've got more people spending money out there which is how you calculate g.d.p. so the a way to raise your g.d.p. is a give people more money to spend money and therefore you're going to get more g.d.p. per man hour that's it but of course it never happens because the worker the wage earner the surf the subject of the british crown.

if you think back to014, president obama had great g.d.p. numbers, even better in thend secondhird quarter. and democrats did terribly in those midterm elections. they los control of the senate. robert: so the president's happn about thesebers but he's also getting some pushback from republicansra on. we saw some movement this week. you were at the white house, vivian, reporting on the west wing, deep inside, about how the president seems to be taking a few steps backn tradeith his deal with the e.u. vivian: unlike a lot of meetings where they go into theti ms, a lot of details are already ironed out. this was touch-and-goen until te and it was fascinating to watch and report on where literally as of tuesday night, ey started to say, wait, maybe we can come together and work something out. all through their meetings on wednesday, between president trump and the european commission president, jean-claud juncker, it w unsure until the end if theyold theyold -- they would really do it so president trump excitede they w doing a deal, helping far

thousand point mark well given the fact that also trading on wall street was receiving the latest g.d.p. figures quite well a slight plus there this has given cheers also here a little boost before the weekend but let me tell you the biggest relieve this week was the meeting between u.s. president donald trump and john claud the news that at least for the moment a trade war between the u.s. and europe is off the table was a huge relief here for investors a lot of these rather splendid figures were published in the us donald trump of course went to phase the t.v. cameras immediately basking in these numbers and attributing them all to himself of course so let's have a very brief listen to what the president said rate in over thirteen years and i will say this right now and i'll say it strongly as the trade deals come in one by one we're going to go a lot higher than these numbers and these are great numbers. is that true is is that all he's doing is really sustainable. well he certainly did get some credit for this latest development this tax reform you mentioned it gave the economy a bo

we lead by example not only by mission today targets of spending two percent of our g.d.p. on defense but also twenty percent of our defense budget on equipment and in the way in which we deploy thousands of forces personnel nation operations around the world if you take the announcing today that we will be deploying additional four hundred forty first no two they chose resolute mission in afghanistan and i think that shows when measured cools you can is one of the first to have to step up certainly the timing of this announcement is quite curious there we have donald trump saying he's making it clear he wants nato allies to really step it up and here we have the u.k. pretty much almost immediately appeasing him by not just saying here we are one of the few countries contributing two percent of our g.d.p. to nato but also we're going to provide some troops well the question there is whether it's nato calling or donald trump calling because we have to understand that this is the first time in the years that the u.k. is making such a contribution indeed the number is being ta

prediction for the world economy a damper of zero point five percent of global g.d.p. that doesn't sound so bad well it does not sound like a huge number of course it could be worse still of course we're talking about a lot of money here and we know that some countries of course depend more urgently on growth especially in these times some countries like mexico for example or some other e.u. members as well what this number maybe shows us to whoever is that the unite. states is not the only game in town other countries are doing well other countries are trading for the e.u. there's other options right now jeff that was signed the biggest trade agreement in history between the e.u. and japan there's also for the e.u. seat of the canadian european trade agreement still to be ratified and of course other countries elsewhere have options to very briefly coal they will call in their final communique for greater dialogue is that realistic and well dialogue is always maybe it's actually the only thing that is possible right now but dialogue is talking and listening and of cou

and they g.d.p. on defense nato secretary general yes don't guesstimates eights of the twenty nine nato members will veto that goal this year bob that's just a guideline they aim to reach by twenty twenty four and isn't legally binding well let's bring in our guests now joining us from brattleboro vermont by scott as peter galbraith former u.s. ambassador to croatia and former u.n. envoy to afghanistan from tallinn estonia as moscow mickelson and a stone and member of parliament and head of the estonian delegation to the nato parliamentary assembly and from santander spain by skype as the breeze former director of policy planning at nato a very warm welcome to all of you mr galbraith let me start with you is that nato is existence in its current form at threat because of the ongoing attacks by the us president. it's hard to say. because you know maybe their whole thing lastly the trump presidency but i think there's i think that there's a question as to whether trump's agenda isn't in fact to destroy

around the world hillary what are the real slow g.d.p. countries that we you know heaven forbid predict any problems in those countries and what are the ones that sort of stick out to you well i mean obviously i mean we've had a disaster in syria and that's been a lot of course because of the drought i'm so i think you've got actually global warming trends have affected some of that and it's really obviously in the middle east where you have colliding factors i think robust employment begets robust economies and therefore of course robust stability instability if you think about many years ago in the sixty's those instability in northern ireland why the economy was disastrous now the northern irish economy is strong and that keeps stability so i would think anywhere where there is abject poverty and that will be places in the middle east so you have strong mark word for which thank you for coming in your labor market absolutely anytime. one might ask where is the the definitively wealthiest place in the united states well our to correspon

we're paying close to four percent of a much larger g.d.p. so that doesn't work folks are split on this chris bambery whether he thinks the u.k. will give in to washington and defense spending. positionally in this so-called special relationship between america and britain it's always the united states is called the shot and britain's put a trail along like a poodle saw i suspect that puts bricks that britain facing in you know worries about where its future lies the temptation is going to be yes we need to hold course the united states even if they're not that interested interested as a more even it's pointed out that donald trump is fed up with the reason may in a way of operating the brits are still likely to tag along behind and probably already know the defense chiefs are saying to the british gun while we're at this is what we said we have to increase spending so i suspect actually the brits will give in to the americans have push comes to shove and they're looking over at friends and friendship to trump suppose it has a manual mccraw v

two percent of g.d.p. for defense and that this is really the progress we have designed it that we have to follow up on the implemented we call tailored for presence in romania and the black sea region we are also strengthening our maritime posture developing on nighttime capabilities and this is an in addition to increased presence in the black sea region where the land forces air forces of marathon forces. one of the most important things we. have done today is to further strengthen our ability to reinforce to move forces quickly if needed so of course natal as the fence of the terrorists is not on the based on the forces we have for instance the black sea region the national forces on the nato multinational forces but is also of course very much dependent on our ability to reinforce move forces quickly and both the increased threat and that's all forces the four thirty s initiative the fact that we all have to treat people the size of the nato response force and the fact that we now are addressing milit

and it is gigantic because of 10% world g.d.p. have a leadership position in that industry, you have a significant contribution to the g.d.p. there is another great pportunity, which is now let's country,ng upper to our road involving 8-k investment in italy ahead. italy has always been let's say a harbor for other great opportunities. we don't welcome opportunities. francine: no, certainly don't lack opportunities. also come unities hard work. how many coffees do you have a coffees?hat kind of andrea: i have an average of four. four, five.ree, francine: espresso, cappuccinos? andrea: a new one i love called brue. coffee, not milk. illy, thank you very much. andrea: my pleasure. asure. >> coming up on "bloomberg best ," stories that shaped the week around the world. brexit plans move forward despite chaos in the cabinet. >> she is facing a life or death moment within the conservative party. astrade tensions ratchet up u.s. and u.k. tussle over tariffs. earnings season rolls in with some of the big banks reporting results. jpmorgan

has gone way up and so the fact that our g.d.p. one way up that means we're paying for even more which is very unfair so i explain that. we we will go to much higher than two percent into the future but right now we're getting people up to two percent and that will take place over a fairly short period of time a short number of years ok yeah go ahead. going to their newspaper we understand your message graduations thank you thank you we understand your message but some people ask themselves where you'll be tweeting differently once you aboard air force one think no that's other people that do that i don't i'm very consistent i'm a very stable genius. go ahead. thank you sir jeremy dining with c.n.n. how are you. a quick question with regards to germany and the comments that you made yesterday do you feel like given the threats that you made about potentially leaving nato about insulting germany's sovereignty it appears by suggesting they are totally controlled by russia do you feel like that's an effective way to conduct diplomacy

to close to two trillion in g.d.p. want to take it to four chilean in g.d.p. how do you get there through trade not through anything that rachel maddow or the hollywood elite are suggesting that he is all paranoid lee scheming to do he's done doing any of that he just wants to grow the economy it's like remember america is to be a growth situation people used to like to grow the economy and be honest and trustworthy and that's what russia is now it's like america in the fifty's and america's become the sylvia you know the fifty's it's complete role reversal actually you mentioned nigeria and this guy had mentioned nigeria and we did ask during that time because newsnight did not want to cover nigeria who actually is very close to the united kingdom and there are a lot of nigerians who moved to the united kingdom it's a relationship there and nigeria actually did suffer greatly during the oil price collapse. so their currency collapse even more they had a lot of debt they had a difficult situation at the time now it's obviously better the world oil markets have

and it is gigantic because of 10% world g.d.p.you have a leadership position in that industry, you have a significant contribution to the g.d.p. there is another great opportunity, which is now let's say facing upper to our country, which is a new road involving 8-k investment in italy ahead. italy has always been let's say a harbor for other great opportunities. so we don't welcome opportunities. francine: no, certainly don't lack opportunities. with opportunities also come hard work. how many coffees do you have a day and what kind of coffees? andrea: i have an average of four. could be three, four, five. francine: espresso, cappuccinos? andrea: a new one i love called brue. generally pure coffee, not milk. francine: illy, thank you very much. andrea: my pleasure. ♪ >>>> you are watching the best of bloomberg daybreak middle east. >> ways of mitigating man ron impact on oil prices. the u.s. says it could become the world's top producer next year. >> a new era for turkey, but the choice of finance minister riles the market. >> th

the alliance with the nato secretary general was asked about that increase in the contributions of g.d.p. from two to four percent but he kicked the idea into the long grass i think you should first get to two percent. focused on that now. that is what we have agreed that the pledge. and the good thing is that we are more toward start well that tweet by trump came after criticisms he made of germany on wednesday morning talking about germany not paying its dues and saying that it was captive to russia because of a gas pipeline project this is the nordstrom to project which is due to be completed in twenty nineteen that will see a reliable source of gas transmitted directly from the russian gas fields to germany to provide get a space center and western europe it's long been a bone of contention with the u.s. in particular trump who see this as empowering russia now he talked about the billions being spent and later the two leaders met germany is a captive of very rich they should flow to get rid of the car to get rid of the. exam much of the world with us from russia i think is something

would only come to the defense of those countries that spend two percent of their g.d.p. which wouldn't be a very big group so yes i think nato allies are wondering this because he said that and that's a really a red line that nato article five is the bedrock of nato it's the it is the founding principle of the alliance all for one and one for all and that's a very very dangerous line for president trump to be crossing i want you to take a listen to what germany's foreign minister said today in response to trump's claim that russia controls germany because it's not a prison is neither of russia nor the u. wiki's one of the garron tools of the free world and it'll stay that way. you know it's interesting he said we're not captive of russia and we're not captive of the united states will leave this summit less of an ally to nato and more of a friend to russia what do you think. nato secretary-general stoltenberg has said that his his main priority is to keep the alliance together and so if you ask anybody here at nato that is their core task to twenty nine allies standing t

main parties vying for the chancellorship accepted that they were not going to reach two percent of g.d.p. spent on defense for at least the lifetime of this current parliament so it's very clear that neither side in the grand coalition is prepared to read that to to reach that difference budget and then as you say the question about whether people in germany want to see more of their tax uro's currency here sprint on defense instead of perhaps on housing on education on health care on those sorts of key policy issues here in germany big big questions and i have to say good opinion polls suggest generally speaking that german society rejects donald trump and does not like the sort of government approach that he has brought to the white house specifically as it regards western europe nato and germany that's the perspective our viewers have to have about the way that german society reacts to president trump's tweets and his speeches and the way that he speaks about their country i want to thank you very much for that is dominic cain live in new nick let's go to the russian capital roy chalo

we're paying close to four percent of a much larger g.d.p. so that doesn't work folks but we are political analyst chris bambery whether he thinks the u.k. will give into washington used defense spending. british no way in this so-called special relationship between america and britain it's always the united states it's called the short and britain's put travel along like a well behaved poodle saw i suspect that post breaks that britain face see you no worries about where its future lies the temptation is going to be a year we need to hold course the united states even if they're not that interested and interested as a more even it's pointed out that donald trump is fed up with the reason men are way of operating the brits are still likely to tag along behind and probably already know the defense chiefs are saying to the british commonwealth this is what we said we have to increase spending so i suspect actually the brits will give in to the americans have push comes to shove and they're looking over friends and friendship to trump suppose on

own contribution germany aims to boost defense spending levels to around one point five percent of g.d.p. by twenty twenty four whether this figure would rise further is unclear as it's a going by the discussion between many european allies here and not just the u.s. we must continue to ask how we can contribute further if need be given that fights in the media to trump is visiting britain then he heads to helsinki to meet russian president vladimir putin nato partners will be watching closely to see what unfolds . oh i'm joined tonight by john tesh al with the german marshall fund of the united states mr tesco is an author and foreign policy analyst who has worked at the german defense ministry as well as with nato he had a front row seat at the nato summit in brussels mr this hour it's good to have you back on the show maybe you can help us find some clarity truck declared victory today saying that everyone had agreed to his demands for spending four percent of g.d.p. on defense but that is not what we are hearing from other leaders what is the truth . the truth is that of course four

which spends three and a half percent of its g.d.p. on defense has repeatedly pressured its nato allies to spend at least two percent of g.d.p. in two thousand and fourteen nato agreed to increase defense spending accordingly within ten years and while the u.k. meets the criteria matt noted in the letter that more is required of britain but at the same time he stressed that france is boosting its spending despite not meeting the two percent threshold the pentagon is demanding. and it has left donald trump again saying that washington's nato partners expected the u.s. to foot the bill. with the piggy bank that they'd like to take from whether it's military protection you look at nato nato we're spending ninety percent if they don't now it's all wonderful and we like to help out but it helps them there in europe helps them a lot more than it helps us we're very far away so we have this incredible germany is paying one percent of a much smaller g.d.p. we're paying close to four percent of a much larger g.d.p. so that doesn't work folks we

we lead by example not only by me should a church markets of spending two percent of our g.d.p. on defense but also twenty percent for defense budgets on equipment and in the way in which we destroy some of these of the forces personnel on the operations around the world if they're not see today that we will be deploying additional four hundred forty personnel to they chose rest of its mission in afghanistan and i think that shows when measured cools you case one of the first two to step up well the question there is whether it's nato calling or donald trump calling because we have to understand that this is the first time in the years that the u.k. is making such a contribution indeed the numbers being talked about is four hundred forty non-combat troops which will bring the total number of u.k. troops in afghanistan to eleven hundred and it's also has to be clear that this is the biggest commitment to the u.k. is stepping into in years since previous british prime minister david cameron withdrew u.k. troops from the ground after thirteen years of presence leaving just four hun

gets maybe four or five percent their g.d.p. is based on exports to great britain so you never go to a gun fight with a knife and united kingdom was never going to win this negotiation and their attitude was a total in title meant like they don't understand we have got the queen so the germans are their friends they're just going to bow down and they're going to give us a great deal because we're great and everyone knows are great and i said wait a minute these are hardened the two tonic just laying german people they're not going to just throw money at you you silly couse well the next headline just shows you who. may is up against what she's trying to negotiate because a full member of the e.u. who had the euro who was a part of the european union who are actually very enthusiastic members of the european union and embrace that fully and took in all the refugees and and immigrants flooding in throughout the because of the wars that we're fighting in the middle east while germany has made over three billion in profit from greec

to withdraw its support for the nato alliance if other member states don't make that two percent of g.d.p. contribution currently we heard yesterday from the secretary-general around eight countries out of the whole block are actually making that contribution now this meeting was due to be tense anyway but it seems after that to raid from donald trump on wednesday morning before they'd even got down to the big business it seems that many believe that this now could be the most divisive meeting in nato's entire history you know we'll be following the help of the next couple of days as we get more out tell us all about it folks from from paris do bensky. let's focus on the states next with midterm elections in the u.s. to november it seems some of taken a doomsday approach when trying to appeal to voters caleb maupin explodes. the upcoming midterm congressional elections are certainly a crucial political event but there's way more to it than you think according to nancy pelosi the minority leader on capitol hill civilization as we know today is a to risk in the selection we have to wing we

donald trump has tweeted that he wants countries in the nato alliance to pay two percent of g.d.p. towards the defense budget no immediately he says in his tweet and not by the date that he says is twenty twenty five and he's also in that tweet accused germany again following his tirade on wednesday morning of spending billions paying billions to russia for a guess pipeline project well that to raid it came from him after we also heard that there were claims by the garion president that trump has also asked allies to increase the contributions not to two percent but up to four percent and washington has previously talked about the fact that if other countries don't pull their weight in washington the usa will actually leave the alliance with the nato secretary general was asked about that increase in the contributions of g.d.p. from two to four percent but he kicked the idea into the long grass i think you should first get to two percent. four goes on up now. that is what we have agreed that the pledge. and the good thing is that we are more we get towards stunt well that tweet by

therefore we have also committed to spending 1.5% of g.d.p. by 2025. as talked about efficient improvements within theure peaian, and i don't want to repeat this, let me say one more time, germany is a reliable partner within nato. we're the second largest provider of troops and participate in many missions and germany will continue to be a reliable partner to nato, ladies and gentlemen. let us not pretend that the topic of defense is not an urgent problem. we all wish the world would become a more peaceful place at the end of the cold war, but in front of us, the civil war in syria and iraq, it will keep us on our toes for some time to come. afghanistan is still not at peace. crimea, face difficult situation in eastern ukraine. it would be neglect not to prepare to defend, ladies and gentlemen, this is something we always in our debt and need to ontinue working on it. e third big challenge that is change the way of life, it changes the way we work. the new federal government has responded to this challenge of structural measures. we just finished our

is a moment ago but if we used together you call them is the calling for the third of the world's g.d.p. and to over think some of. the talks got off to a rocky start requiring four years to complete. but as u.s. president donald trump ratcheted up protection its rhetoric over the last year and a half the negotiators committed themselves to sealing the deal. but. there are currently rising concerns about protectionism globally. within this context i believe it is extremely meaningful to japan and the e.u. are sending a message to the world. about the importance of free and fair trade. and the. japanese automobiles currently face ten percent e.u. import tariffs those will be completely done away with. for the europeans the food industry is the big winner of the deal it will now be much easier for producers to export cheese chocolate and meat to japan a nation of prosperous consumers. the e.u. expects boot exports alone to jump at least by one hundred eighty percent that will create new jobs and boost g.d.p. the signatories sent a clear message to washington free trade not walls stimulate

france's g.d.p. >> france's statistics has released its latest g.d.p. figures. it's not great news for president macron. in the three months from april to july, france's gross domestic product rose by 0.2%. growth has slowed down and rail strikes may be to blame. the drop in transport spending and overall household consumption have hurt g.d.p. the government's target for 2018 is 1.7%. i must say at this rate france may miss that goalal. markets have shrugged the off the disappointing results from the second largest economy. european shares are trading up. using trade tensions between the u.s. and e.u., boosting investor confidence and as well strong company earnings reports. speaking of which, franch company has posted a 1.4% increase in earnings for the first half of this year. driven by strong sales. he producer of ambian water -- evian water showed a jump in earnings. the success of its water and baby formula in the chinese market has offset the impact of boycotts of its products. innwhile profits fell to 43% the first semester, the world's rgest concrete mer

for the defense and actually increase the spending in the next couple of years to four percent of g.d.p. of that's realistic if it's going to happen remains to be seen but at least donald trump and investors believe so and that's why those stocks were among the biggest gainers here on wall street just have to see where the trump gets what he wants call it almost street thank you frank. i could always highest court has upheld a claim of multi-billion dollar damages against oil companies chevron that's for decades of rain forest damage the court saying indigenous people have a right to compensation for oil spills like contaminated ground water despite high hopes from those affected the ruling is largely symbolic as chevron no longer operates in the country. because a lengthy legal battle oil giant chevron has been ordered to pay nine point five billion dollars in damages for decades of environmental harm oh texaco never again of reference to the company chevron took over in two thousand and one the plaintiffs include indigenous try it's from the amazon rain forest who filed a class action