euros it takes the total chinese ownership of donna to almost 15 percent with beijing back carmaker g.e. already holding a large stake i say dispenses long works with the i.c.'s part of its operations in china the german company's shares rose nearly one percent on early trading in frankfurt following the announcement. that's we're going right now observes the delaney is standing by in frankfurt at chelsea diamond have been working together on joint ventures in china for years what is the chinese company hoping to get from this investment now. well being is saying you know we're really hoping to strengthen our alliance with time warner we would like to align ourselves more closely with management what analysts are saying is that the reason this could be happening now is because last year china sort of reduced some restrictions that it had on foreign ownership. of joint ventures for multinationals so historically the only way that you could set up a company in china if you were a foreign company was to partner with a local company so this is how it got all of these joint ventures and chin

flights and let's not forget all the orders either as specially the most reason ones coming from a g.e. of a 200 airplanes that also will impact those companies which make parts for the 737 max some investors. from the troubles related to the small to the rest of the commercial business depends on services or quarter meanwhile climbed about so deep caution indicating that boring has ample dry powder right now to withstand these issues at least in the short term. speaking of results though boeing wasn't the only one to come out with their figures facebook's numbers are out as well any surprises. actually a good surprise is that you know revenue was up 28 percent in the 2nd quarter while facebook managed to post $2600000000.00 even if you took aside $2000000000.00 a deal with the federal trade commission fine let's not forget the company already took an additional charge of $3000000000.00 early of the year for 2 spore poses a true and meanwhile daily a monthly users were operated for same as we know it is a do come out right after the you have to see announced a deal with facebook early

in the maker of mercedes-benz costs diana was already almost 10 percent owned by chinese comprende g.e. it's the company's biggest single shareholder and now we can add to that b a i c's 5 percent holding that takes chinese shareholder stake in diamond to just under 15 percent that's almost as much of the company as is owned by us shareholders other stakeholders and on the include q wait sovereign savings fund and rivals rhino and nyssa who have across holding the rest of the luxury carmaker is owned by private and institutional investors so now we have a dia about the make up off a dime to shareholders let's talk a little bit about this with our french market correspondent jealousy delaney who joins us now in frankfurt chelsea now i know that there was already a a longstanding cooperation between a dime and be a i.c.e. what does this stake cruft percent stake change in all that. well this gives piers see the 3rd largest shareholding position which gives it some more influence over over the direction of time warner it's not clear yet it doesn't appear about b.s.e. is aiming for any boa

holding in the maker off mercedes-benz costs was already almost 10 percent owned by chinese comprende g.e. it's the company's biggest single shareholder and now we can add to that b a i c's 5 percent holding that takes chinese shareholders stake in a dime or 2 just under 15 percent that's almost as much of the company i.

germany the moon bestowed a number one hit the gas backers an american and former g.e. . craze had hit the german shrug in music city. saying the texas hold. em all and. i love you in the old shack is a slow old man was involved. in. losing. in the last the early 1960 s. were brimming with confidence but with the assassination of president kennedy and the vietnam war clowns began to gather the moon had been a symbol of the dreams for a better future now it took almost cost moon as a sinister omen was suddenly everyone. knew. but if. the time ever. that is intense read that what. looked like this right down the street. to get here to get it right down the street. so i actually like. the. ground in bros and that song. brown's going trouble sign days before the apollo 11 landing david bowie's single space oddity was released in the united kingdom. but don't let's. just. listen. to sometimes the story of major tom a fictional astronaut whose communication with ground control is cut off he continues drifting through outer space alone. the b.b.c. didn't play the song on the rad

and their g.e. for you. to fortify. the oil companies know that. iraq is coming out of years of war the recent crisis in the gulf increases risk and baghdad needs investment sources within the oil ministry told out there that some companies want to use that to their advantage brought names i don't to mention names but. i am a firm believer in 11 the relationship that come up to blackmail us and we don't want to twist their arms they are our partners and we want to have good relations but on the other hand we are monitoring that activity is watching that cause we have managed to reduce the cost if you look now. of course but but will you see the tours hiking up but with time it was decreased iraq plans to expand its overall oil production to 5 and a half 1000000 barrels per day but as a member of the oil exporting countries of opec it has to reduce its oil output iraq's economy is hinged on oil and faces a tough balancing act the government has to generate much needed revenue while abiding by opec agreements which i'm a big job with out of the area

which is considered the tried and tested well cars off the indian space with such organization but the g.e. is so remarked that he has just gone through 2 flights so far in a sense that could be part of the problem in a sense and the maybe it may be a smaller problem it is the source said it is due to abundant precaution that they had cancelling this moment out this launch of this moment and the agency and they've also said that this is the most difficult mission that they have ever undertaken how do you see this setback how big of a big of a setback is it for the launch. now of course it is a setback but i think it may be a temporary setback because you don't actually operates at a very small budget that engine space program so you don't want to land in a problem mission in the sense you don't want to shoot up something and then belies that it is slowing it it's not able to soft that of the horn and it really happened out of my city just state so that would be a huge piece of money and influence on us on what happened with these solely. private company that so that's why it's good that it

contain any of that it's coming anyway so is it an easy way for palla controllers like donald trump like g.e. jim paying to be able to help ease that trade war to kind of an easy for them to be able to to usenet. of course it is i mean it's just one more tool in the bag and what they're doing is you know technology has a lot of leverage that's the reason why people are so interested in technology because it can go inside of almost anything and 5 g. is the most insidious kind of technology because it not only is used for communications and people talk about how much faster their videos are going to be on their phones and whatnot it also can be used as a power supply for the internet of things so basically what happens is you have got you instead of having a cell tower every 4 or 5 miles you now have a 5 g. cell tower which is probably every 1500 feet and the reason for that is it doesn't travel that far because the frequency so much higher it can't go through so many things it's got to be closer and then what it does is it also allows people to power things so these little chips that they put

i think we have to hear from the heads of ford, gm, walmart, apple, exxon, g.e., what would happen afterhat company if someone used language or they as a ceo used it. this kind of thing gets normalized if people don't make clear how abnormal it is. >> good point, susan, your analysis? >> trump gave him the script. to the extent he wants to distance himself, it's not like attempts from distance himself from lock her up. he knows how the game is played. this was an unbelievably chilling scene, and even today it was a mild, well, i didn't love that they were saying that, saying this was racist wrong and i never want to hear it again. >>> there's much more on all the breaking news, right after this. "what do we want for dinner?" "burger! i want a sugar cookie! i want a bucket of chicken! i want....." "it's the easiest, because it's the cheesiest" kraft. for the win win. (driver) relax, it's just a bug. that's not a bug, that's not a bug! (burke) hit and drone. seen it, covered it. at farmers, we know a thing or two because we've seen a thing or two. ♪ we are farmers. bum-pa-dum, bum-bum-bum-

>> caller: i have to ask you is g.e.ng to make a turn around or sell my stock >> don't sell here i know steve says a terrific analyst at j.p. morgan but larry is a terrific ceo and we'll put with culp. i need to go to rob inflorida, rob? >> caller: jim, how are you? >> good, rob, how about you? >> caller: good. thank you. vector group, do you think it going to turn around, the share price or stuck on tobacco road >> stuck on tobacco road people know me i will not recommend tobacco stocks i'm not going to do that i'm also tired of the juul ads that make me feel like they are trying to keep people healthy, how about that let's go to beverly in south carolina, beverly? >> caller: hey, jim, i am honored. i wanted to tell you that your show and your books have helped make me very comfortable at age 86. >> wow yes! thank you for calling, beverly this is terrific, thank you. >> caller: i am very interested in what's going on with the stock abbvie. >> they bought allergan and i was in italy when it happened. i'm not crazy about

that's really you hear different voices expressing different ideas about that on the one hand because g.e is turning a blind eye to the operation and some might even say they're cooperate. but officially be backed the government has not necessarily invited turkey to be. about instead they're not doing anything about it but it is really in this gray area. which which is allowed turkey to continue its operation. the 2nd we thank you for your time and your analysis on this that is a 2nd live in london thank you. we're going to move on to other news around the world health organization is meeting in geneva to decide if a ball outbreak in the eastern democratic republic of congo is an international health emergency there is concern that the outbreak could spread quickly after 2 infected people died and densely populated areas the water in rwanda and uganda the virus has claimed at least 1600 lives in democratic republic of congo in the past year. there are fears that the epidemic n d r congo is on the verge of becoming a regional outbreak that's after a woman died of the virus and d r c after

french company is nearly bankrupt, g.e. doesn't have a licensed reactor and westinghouse is nearly bankrupt. the south koreans are doing okay. and the japanese countries, after fukushima, one thing you look at internationally, there isn't much demand for nuclear energy probably because the costs keep going up and no one knows how long it takes to build a nuclear power plant. the specialized labor necessary has basically aged out. the people who built these things in the west in the '60s and '70s aren't there and companies have a very hard time getting skilled labor. united air of emirates have a program they brought south korean companies to build four power plants. the first is nearly done but two years behind schedule because they haven't been able to train emirates to do the regulatory work and set up colleges. everywhere it's been very problematic. that isn't to say there couldn't be a revival somehow for climate change purposes but right now, it's in a very very difficult situation. why i went on at that length is i th

in the maker of mercedes benz costs diana was already almost 10 percent owned by chinese comprende g.e. it's the company's biggest single shareholder and now we can add to that be a ice east fife post and holding that takes chinese shareholder stake in diamond to just under 15 percent that's almost as much of the company as is owned by us shareholders other stakeholders and i'm the include q weights sovereign savings fund and rivals rhino and nyssa who have across holding the rest of the luxury carmaker is owned by private and institutional investors so now we have a dia about the make up off a dime to shareholders let's talk a little bit about this with our frontal market correspondent jealousy delaney who joins us now in frankfurt chelsea now i know that there was already a longstanding cooperation between a dime and be a i.c.e. what is this stake cruft percent stake change and all that. well this gives the 3rd largest shareholder and position which gives it some more influence over over the direction of time warner it's not clear yet it doesn't appear about b.s.e. is aiming for any