germany. your business magazine. and unprecedented scandal leads to a historic legal event close to half a 1000000 and these will drivers take far flung to court over the vulgate it's germany's 1st ever class actions file lawsuit. also on the show plans to take office sharing pharma we worked public failed to work out. and blooming business and you've gone dog a german family enterprise is growing flowers there for a budding global market. i'm to know the model in berlin welcome to the latest in business news. is in court in germany is the very 1st class action lawsuit the civil compensation claims relate to the devil scandal the court will have to consider if vehicle owners suffered damage from the emissions cheating software itself or from subsequent bans which other courts have imposed on driving older diesels around 470000 car owners have joined forces in what could end with a multi-billion euro verdict against folks. a congress center in the western german city of branch has been converted into a courtroom to all

germany. your business magazine d w. natural riches of precious resources. and a rewarding investment. for life that's been called the ethiopians a gringo in the country has an abundant supply and leases it to international try and. government after high export revenues and the corporations high profit margin. but not everyone benefits from the booming business. expansion environmental destruction starvation. the crisis for government and corporate greed. selling out of a. dead donkey fear know how you know. start september 18th on d w. place. this is e w news live from berlin britain's prime minister standing firm on a brags that leave date he's in luxembourg to discuss countries exit from the european union and with less than 7 weeks to go the u.k. has yet to reveal any concrete proposals so what is boris johnson's game plan and also coming up president trump says that the u.s. is locked and loaded after major oil facilities in saudi arabia are today.

germany. your business magazine d w. hello there and a warm welcome to news from the world of arts and culture of this guy german rock fetter and barack features big in the show today as he opens a new exhibition in leipsic and we'll get the lowdown on that and on these other stories. the impact of epic science fiction saga star wars on popular culture still resonates today in france the force is protecting really strong and it's fueling a light saber jubilee trend. and in our series planet berlin we need an all of a monk only an ex-pat who's and warming up the german capital with finest kashmir from her homeland. but outside germany people might struggle to understand his significance spot or don't lend him back 73 and still rocking is a living legend in this country he was the 1st guy for instance who dared to make german language rock music and he pioneered a certain political stance unique in its critique of post-war german division well that's why a new exhibition of his art work in lights is a very big deal and he

germany. your business magazine d w. i don't think that that well i guess sometimes i am but i said nothing but that we should have been think sneak into the german culture of looking at the stereotypes of class but if you think the police are the true god i'm playing the piano needed to be paid for this drama they are doing it it's all about ok look i my job to join me for me to devon from beat up the. post. where is home. with your family scattered across the globe. it's a good city to listen to. turn to the roots should get a minimum of the lead the charge finally from somalia live around the world. one of them needed urgent assistance and. the family starts oct. on. the best. player. this is due to our views coming to you live from berlin british lawmakers face a bank away from their jobs like it's on not prime minister boris johnson the suspended parliament after key votes later today before they go members are again set to reject or for a snap election also coming up which is a nazi even after the attempt to ban th

is made in germany your business magazine. w. hello and welcome to news from the world of ops and culture and today it's books all the way starting with a look at the star studded nominations for this year's booker prize also coming up . a brand new you tube channel for all you. cold w books. and disturbing revelations in a book called promise me a shoot yourself suicides of all. of the of the 6. bucks we began with the nominations for the prestigious booker prize one of the most important prizes in the literary well this year names like salman rushdie would. join man of letters david levitz to take us through this and an impressive list it isn't actually in some ways but with itself it's more exciting than even the winner because a lot of people they've got now they're reading list for the next year until the next list comes out these are the 6 novels that they're going to be reading this year and of course the most anticipated novel of the year the testaments by margaret atwood the queen of dystopian fiction your. book is not e

germany. your business magazine d w. is going to. tell my managers to not go today. you know the banks. and so was the language of a bank. speaking the truth global news that matters. d.w. for martin's. mixed messages about the german economy after months of a downbeat sentiment industry is suddenly more cheerful even as private sector activity shrinks for the 1st time in years. europe tells china open your market the european chambers of commerce says china needs to trade more every for its bureaucracy if it wants to keep growing but will be joining listen. and german prosecutors in charge of the sea old fart spot and 2 other top executives that would draw it over the diesel scoundrel but is it too little too late. welcome to the w business i'm joined on in berlin germany continues to feel the fallout of global trade wars the latest purchasing managers data showed german private sector activity shrank for the 1st time and 6 and a half years compounding worries about the economy there was however a glimmer of good news today the much awaited efore business climate index beat analyst for

germany. your business magazine. welcome to the book is the good ear for just a. quick glance to talk about the to the soldiers that's going to. clean. up. the biggest repack tradition effort in britain's peacetime history is underway after travel operator thomas call collapses making the return of thousands of holiday makers are round the world to the government's problem and. trouble in paradise low lying is torn between 2 rows up and rising sea levels that's just one country badly affected by a changing climate as world leaders. gathering in new york for the u.n. climate summit. this is the. one in berlin while we begin with the collapse of the world's oldest travel company thomas cook it stopped operating after failing to secure a last minute bailout that's left more than half a 1000000 holidaymakers around the world stranded well have more on that in a minute but here's a look back at the era that's now come to an end it all began 178 years ago as a father and son outfit offering modest trips between english cities but it grew into a multi $1000000000.00 trav

germany. your business magazine. when your family scattered across the globe. sun lives a tube turn to the roots should get them in the lead the charge family from somalia live around the world to. me to the urgent assistance of. the family starts october on. this is news africa coming up in the next 15 minutes the country with the worst housing in the world will tell you why the u.n. says that country is nigeria. and taps in zimbabwe's capital run dry but doesn't that cost foreign currency have to do a little. bit to south africans who couldn't become the professional soccer player he dreamed of but is now dancing.

germany. your business magazine. says if there are you don't need to keep a grave on the road for over rents and home the 4th time for. those missing without looking them up is the bottom of the valley that the nuts and dragons this word. to use. books on. the. hi there and welcome to arts and culture and i hope you're ready to rock n roll on today's program because michael schenker one of the most lot of guitarists of his generation will join in the studio and also coming up. a room with a view of the eiffel tower a british photographer just the white tells a story of paris centering on the city's most iconic landmark. and in our series 100 german must reads we feature a dark comedy about state surveillance seen through the lens of the east german secret police the stasi i'm. bored. fans of hard rock and heavy metal know him well michael schenker widely considered one of the best guitar soloists around a veteran member of u.f.o. he also played for scorpions way back in the seventy's and has had an illustrious if til

made in germany your business magazine d w. in a puzzle is held up by a long it's not easy to go to another country you know nothing about half of them do this because we can't stay on venezuela i'm not i don't support that. closely global news that matters d.w. made for mines. i there and welcome to news from the world of arts and culture winners of this year's premium impaired known as the nobel prize for the arts were announced on tuesday and there's a german in the mix so we'll hear more about bats and also featuring these stories . good night stories for rebel girls 100 tales of extraordinary women is a bestseller in over 40 countries and one of its authors francesca joined me in the studio. and connecting afro futures an exhibition of museums for decorative arts is dedicated to the complex and verse of tile world of african hair and fashion design. since $989.00 the premium in petit ana has authored exceptional talents and lifetime achievement in the categories of painting sculpture architecture music and theater and film

made in germany your business magazine on t.w. . the quiet melody resumes by the light of the. ready reasoning with. the mind and the music. return from 1st 2019 from september 6th to september 29th. much. of. this is the w. news live from berlin donald trump abruptly canceled peace talks with the taliban and the us president says the move is in response to a taliban attack in kabul so is this the end of the peace process that's been looking to wrap up america's long campaign in afghanistan also coming up from russia votes in regional and local elections around the country but concerns that the opposition is being shut out are threatening to overshadow the falut and opt out to muslims.

germany. your business magazine d w. natural richardson. precious resources. and a rewarding investment in. a foreign land has been called ethiopia it's a great goal to the country has an abundance of life places it took international giants the government is after high export revenues parishioners high profit margins. and not everyone benefits from the booming business. would give when i saw the algos are clearing the land i was devastated giving up without could they bulldoze the land without my permission even to what i knew it belonged to i mean a woman. expropriation environmental destruction starvation. price from government and corporate. sowing out over country. donkey's few know how you know just. start september 18th on d w. such. low fat. place. play play. play. is eat up your news live from our land reporting from a communications blackout d.w. speaks to journalists in the troubled region of kashmir sparkling to get the news out of the media there remain under tight restrictions a month after india suspended the region's autonomy. also coming up russian media say that president

meeting in germany your business magazine on t w. o. interests. with its own gravitational pull. of the finest musical compositions. with some mysteries teresa. good to me that's you listen to them don't tell me that she never wrote. and the tortured come up in the morning blame. the souvenirs of the hottest bombs. the bombs come starts october 11th on top enough. this is d w news live from berlin pro-democracy protests in hong kong are marred by violence again clashes break out of all when probation activists face off with the protesters it's the latest confrontation as long as sometimes violent demonstrations go along to the scene also coming up some bob way business a final farewell to its longtime leader tens of thousands gather in the capital harare for robert mugabe a state funeral after his coffin our prime yesterday in kabul for 37 years before being ousted by his top military. cluster nisha is where the 2011 arab spring began. but democracy has not been easy for the country and the reason voters head to the polls on sunday for a snap presidential election nearly 90 perce

germany. your business magazine d w. natural riches. precious resources. and a rewarding investment. farmland yes because ethiopia is a gringo and the country has an abundant supply of leases it to international giants. the government is after high export revenues and the corporations high profit margin. but not everyone benefits from the booming business. next creation. vironment all destruction starvation. selling out of a country dead donkey. stored september 18th on d w. this is deja vu news live from berlin rising tensions between washington and tehran over burning oil plants drone attacks for saudi arabia to cut its oil production at the world's largest oil processing facility and rebels claim responsibility but the u.s. blames iran. also coming up a landmark election in tunisia counting is underway after voters went to the polls in south presidential elections this could be the 1st transition of power from freely elected leader to a freely elected leader in the country.

germany. your business magazine d w. a world unto itself. with its own gravitational pull. the finest musical compositions. with some mysteries terrific. don't believe that she was into them don't tell me that that she never wrote. and the jointer come up in the morning. reviewing the symphonies a few how to spot. how did the romantic master come up with such cases. the secrets of symphonic magic. brahms coda starts october 11th w. the. top enough. this is deja vu news these are our top story. votes are being counted in afghanistan's presidential election the vote was overshadowed by taliban threats and attacks near polling stations at least 5 people have been killed peace talks between the u.s. and the taliban collapsed earlier this month. rallies in hong kong have marks 5 years since the start of the so-called umbrella movement mass protest against chinese influence in the territory.

germany. your business magazine d w. what's the connection between bread but home and the european union dinos guild monta d w correspondent and avid baker can stretch this 2nd line with the rules set by the new team. talks. instead of being recipes for success strategy that make a difference. baking bread on d.w. . all processed so often drone attacks on saudi arabia brant crude jumped 19 percent before retreating slightly but the situation remains volatile to the u.s. blaming iran for the attack. also coming up what will the u.s. may do in face of the u.s. budget deficits topping one train.

germany. your business magazine d w. the world unto itself. with its own gravitational pull. of the finest musical compositions. with some mysteries teresa. don't believe that she was into them don't tell me that that's enough. for you and the joint to come up in the morning. revealed the symphonies of donna's palms. the brahms code. starts oct 11th on t.v. talk show enough. this is g.w. news live or let pro-democracy protests in hong kong are sparked by violence once again clashes broke out at a mall when probation activists face off with the protesters it's just the latest tough. nation after months of frequently violent demonstrations also coming up the nation celebrates the life and legacy of one of the most controversial actor leaders of our time in bothwell holds a state funeral for robert mugabe. and 2 large oil facilities.

germany. is that destroying your typical business model >> no, it's not destroying the business model but it'stainly challenging it it's particularly troublesome because it's not because markets are doing it it is what is called financial repregs. >> you think it's central banks? >> central banks backed up by governments. the primary of beneficiaries are people with a lot of debt and these days that's governments. >> we have the european central bank pushing rates ever lower, doing more bond buying and buying a lot of negative yielding debt. tell us how that all end >> i have no idea. if i knew that, we would be very rich as well we are trying to protect our savers and we have to develop investment opportunities ourselves. we're going forward developing particularly liquid asset classes to secure yield for our savers >> can you give us a couple of examples in the past we already saw a lot of people buying almond farms and all kinds of things they thought might be exot ig wic wao get yield in untraditional waways >> the way we do it is a bit different. in the past we'd go to an investment bank

is a state of your business i was in berlin fox augers appearing in court in germany today to face civil compensation claims related to the diesel emission diesel emissions scandal it's the 1st time the comic will face the courts and its home country a lawsuit a speedboat by some 450000 diesel drivers veiling of a recent change in the law which has opened the door to class action lawsuits previously not allowed in the country. watershed moment for germany's legal system and a day v.w. had hoped to avoid 4 years after the emissions scandal broke hundreds of thousands of drivers have joined forces to hold the car giant to account consumer rights groups with to avail of a change in the law which opened the door to u.s. style class action lawsuits in germany. a region of german consumer associations believes volkswagen deliberately ethically harm to diesel customers and that compensation must therefore be paid so far the cheating scandal has cost the v.w. nearly $10.00 times more in the us than in germany lawsuits of the kind being heard today could regress the balance speaking last week the

seat in this particular situation that you're a gallon ike from the business to thank you very much for your insights. and staying in germany europe's biggest economy continues to feel the fall out of global trade wars the latest purchasing managers data shows a german private sector activity shrank for the 1st time in 6 and a half years compounding worries about the economy there was however a glimmer of good news today the much awaited business climate index peak analysts forecast september's figures came in at $94.00 higher than last month but it's not enough to dismiss the growing recession fears. a top european business lobby has warned china that the best way to give flagging economic growth a boost is to stick to its promises to open up to market forces and reform its bloated state sector beijing has pledged to stick to study course despite the pressure on its economy from the trade conflict with the u.s. . to european chamber of commerce and china has a mantra level playing fields with chinese firms especially state owned enterprises the lobby group wants reform to create a framework for better economic growth china

coming up your business news and a slightly upbeat news for germany's economy do stay with us for that if you can for me on the thought she must buy from the. kick off. to make things right match glovebox keep still so dollars and wins back to spam. me it'll be all right match our stores hotter when it's the 1st game this season and berlin breathes a sigh of relief. because. 16. i'm not proud they will not succeed in dividing us about not succeeding taking the people off the streets because. with tired of his dictatorship. taking a stand global news that matters d. w. made for mines. where is home. when your family gathered across the globe. saw the kids if you could listen to. the journey back to the groups we should get a minimum of. the sharks family from somalia live around the world to them one of them needed urgent assistance an english. family starts october any on g.w. . the fall of the berlin wall began long before november 989. we visit the heroes of eastern europe we talked to those who began the struggle for freedom and those who showed personal courage. to give them the fa

welcome to your business i want to go jones of berlin good to have you with us so today germany's most controversial tax case is going on trial it involves 2 british investment bankers were accused of defrauding the country of around $440000000.00 euros in tax money in a case which centers around so-called ex trading schemes a complex trades are equity deals investors rely on the sale of borrow chast right before a given firmest lated to pay dividends a scheme that also resulted in double tax reclaims for share trade us now over the years it became big business based on tax fraud the total loss for europe could be around $55000000000.00 euros according to the journalistic research network correct if with germany losing an estimated 32000000000 euros now today's trial is just the beginning with some 200 more people also being investigated let's talk a little bit more about that and bring in our financial correspondent who is standing by for us there is in frankfurt $21.00 saying we have to clarify 1st of all i was just talking about sort of unfortunate tax holes or tax loops or are we a

your very busy david letterman is always a pleasure read thanks for. finally a book today that it has to be said doesn't make easy reading national socialism in germany and all the horrors it spread continue to be the stuff of films of books of coles and historian still discover new stories from the 2nd will that leave us in sheer will didn't like florio book cold rather frightening they. actually does not hold that promise me you'll shoot yourself it is called a big problem strange how the local civilian population of a small town in germany took their own lives as the russian army approached. them in at the beginning of the $940.00 s. and scarred by will are a thriving trading town. just a few years later the downfall allied troops and bands on the nazi capital berlin. 2 hours north of berlin the soviet red. it's at the gates of deming will be on who by describes what happened in his book promise me you shoot yourself. america being a mother recorded the deaths of more than 600 people. more than how to go to school and shot his wife and 3 children one after the other it was as if the death of courage had suddenly gripped them all it was the end of the

business i think it was worth it for me to come to germany. my grandmother license to work as a swimming instructor. and our 2 children 100 dogs just one of the toughest. what's your story take part charity on info migrants dot. now here's a shocker germany is an automotive titan and totally devoted to the automotive industry cars rule the roads and to a large extent of the economy people all over the world love german cars perhaps a bit less since the diesel gate scandal but mysie dispense potion.

germany's forests. and that's as funny on the business as a team for business news check out a website that's called business. the future is all happening. the british. tour linked from africa and the world. your link to exceptional stories and discussions. that are coming from family. ok from funny generally from the news of these events and while i would say de debit cards the traffic come join us on facebook at d.f.w. africa. every journey begins with the 1st step and every language of the 1st word american local coaxing germany to cut. why not learn with him and. to suss it simple are mine on your mobile and free. w z e learning course speak german made easy. world unto itself. with its own gravitational pull. the finest musical compositions. with some mysterious reason. to believe that if you listen to them don't really mean that that's enough. for you and the joint should come off in the morning. or you feel the symphony's of a promise mom. how did the romantic master colpus such a past. the problems occurred. to her love and on w. enough. this is it every news life for a fire storm in washington the director of national intelligence testifies in congress. a question to the question did

your business beyond. david: this is "balance of power" on bloomberg television. i'm david westin. germany'sial slope worsen this month with no end in sight so far. we welcome matthias matthijs. he is joining us from washington. good to have you here. i will put up a chart that illustrates what we saw today in germany numbers. factory is the worst by far, the blue line on the bottom, but it seems to be spilling over to services. a little above 50 but not a lot. what is going on with the german economy? economy, ite german is worrisome from a eurozone a company point of view, has been slowing down for a while, seeing mainly in manufacturing. the trade wars between the u.s. and china are spilling over into the rest of the world economy. clear clear germany is in the position to do more on the fiscal side, and that is the parting shot mario draghi left us with with his recent actions of the european central bank. the question is, will the german political establishment move in that direction? what is interesting, their dutch neighbors, who are normally fiscally conservative, have started to mov

that's what a town in southern germany is also trying to do they want to heat their homes and run their businesses using geothermal energy that is heat from the ground beneath your feet but how exactly do you go about tapping into the earth energy. audit of all of you this is planet earth where we live this is the water and here is the crust inside it's hot magma which warms up the world. here in peru lattimer no one is considered too young to learn about the potential of geothermal energy these children are visiting a municipal owned company called i e p which directly harnesses geothermal. in many ways it's typical of small 10 southern germany but it's made a name for itself on a national level for being a trailblazer in the area of geothermal energy. i e p's biggest client is the multinational linda which does some of its business and cooler. for a firm with such a large operation and having a reliable heating network is a top priority. management points to the benefits of large companies switching to this type of system. linda linda has to focus on environmental protection and showing awareness of its carbon footprint with the believe geothermal energy can r

your business beyond. >>> on sunday, poland marked the somber 80th anniversary of nazi germany's invasion and the beginningoland lost about a fifth, a fifth of its population during the war, including most of its 3 million jewish citizens. now, after the war the country remained under communist soviet rule until 1989. - in the last year, there were three victims of cybercrime every second. when a criminal has your personal information, they can do all sorts of things in your name. criminals can use ransomware, spyware, or malware to gain access to information like your name, your birthday, and even your social security number. - [announcer] that's why norton and lifelock are now part of one company, providing an all in one membership for your cyber safety that gives you identify theft protection, device security, a vpn for online privacy, and more. and if you have an identity theft problem, we'll work to fix it with our million dollar protection package. - there are new cyber threats out there everyday, so protecting yourself isn't a one time job, it's an ongoing need. now is the time to make sure that you

germany on business program is next david and that if you catch. an accommodation. number about which comes from flack from enough to. mention up to 100 your 1st name is. the last one of a show 100 chance to. secure an affordable house or if you come in a scarce commodity. made in germany. small cuts can inspire big changes in the people making it possible eco africa fantastic right trying that as they set out to safe environments. to learn from one another. and work together for a better future. 16 d. w. . the fall of the berlin wall began long before november 989. we visit the heroes of eastern europe. we talk to those who began the struggle for freedom demos who showed personal courage. the fall of the wall didn't surprise me usually the 1st what does it take to change the course of history. raising the iron curtain starts september 30th on d w. in the left and yet it's obvious that the private housing market isn't helping berlin that's why we see expropriation as the solution and i will bet that socialist housing policy and has nothing to do with market forces such openness to talk to somebody they don't have a right to an unlimited re

germany had fallen o its lowest level since twenty twelve. your traditional economic powerhouse is teetering on the brink of recession. prompting concerns about the euro zone as a whole. moving on from the day's other business headlines now. a strike by general motors workers in the u. s. has entered its second week. unions say they want concessions on wages temporary workers and plans to close number of factories. because she tions are continuing with no end in sight. and please say they're prepepared to o hold the picket line for t the long haul. softbank is trying to oust the ceo of we work that's the property in office rental group which lasast week delayed plans toto floateded shares on the stk market. softbank which is we works biggest investor has reportedly lost confidence in co adam newman. and he's calling for and is calling for a board meeting to replace. and as the u. n. tackles climate change the banking sector is pitching in as well. a hundred and thirty lenders including barclays citigroup answer citizen it has. signed on to a new framework of responsible banking principles. it meant means that the banks will have to consider the impact of the money that the loan. notably to oil gas and coal

germany's economy gets hit hard enough it could take it down with it. >> when do you make of it? what are your expectations >> it threw everybody's expectations out it was lead by very small business and after 3 months of decline it's hard to say that we're necessarily going to get a big disappointment but that was the only stand out we saw ism manufacturing employment, ism non-manufacturing, the services employment sector, that went down as well their employment index and we had the market services index come down to the lowest level since february 2010. that index came in at 50.4 that's just on the cusp of contraction and we have started to see weakness. transportation lay off in the month of august so i think the greatest concern going into this report is it is no longer an isolated manufacturing recession story. it's 80% of the u.s. economy. >> sit tight don't go anywhere. i want to go to contessa brewer. then i want to get your reaction so here's some good news maybe. >> scaling back his forecast of the recession over the next year let's get that news with contes contessa. >> the founder of the world's largest hedge fund he sees a 25% of a recession through 2020 and he warns

your growing business. from managing inventory... to detecting and preventing threats... to scaling up your production. giving you a nice big edge over your competition. that's the power of edge-to-edge intelligence. >>> germanyo many other g countries have negative interest rates says the president they get paid for loaning money and our federal reserve fails to act. ak creer, these are also our weurncy competitors. dow changed on that, down 264. chinese goods taking effect sunday covering consumer goods like apparel, food chipotle, tyson, campbell, pepsico moving lower joining us to discuss, branch chairman ed ramsey ed, good morning. >> good morning. nice to see you. >> you, too. this round of tariffs really the first one that has the chance of affecting every day consumer spending coming at a time when consumer sentiment looking a little bit wobbly off of high levels how does this all fit into the set of issues that the restaurant and food industries are facing right now >> well, there's a couple of things the commodity prices are 30% -- 35% the cost of sales in a typical restaurant some as high as 50%. any time commodities go up, obviously your p&l goes down and it's inflationary so you've got to figure

germany, industrial production declined in july. trade tensions and falling business confidence hurting global demand. output was down .6% from june. the numbers point to more deterioration in the outlook for europe's largest economy. that is youroomberg business flash. guy: let's take you back to hong kong. approaching midnight and tensions are rising in the city. seeny night, we have protesters once again smashing things up. signs, the subway system being smashed, pictures of umbrellas, the protesters using lasers to try to defeat facial recognition software. , 10 minutes until midnight in hong kong. no signs of things abating at this point at what looks like could be another difficult weekend. this is bloomberg. ♪ devices are like doorways that could allow hackers into your home. and like all doors, they're safer when locked. that's why you need xfinity xfi. with the xfi gateway, devices connected to your homes wifi are protected. which helps keep people outside from accessing your passwords, credit cards and cameras. and people inside from accidentally visiting sites that aren't secure. and if someone trys we'll let you know. xfi advanced security. if it's connected, it's protected. call, click, or visit a store today. vonn

your bloomberg business flash. so much.anks now iran's k european partners are fighting with the u.s., in blaming tehran for the strikes, saudi oil facility. france, germanynd the u.k. have said quote no other excellent nations possible. the european nation also called for an expanded nuclear agreement. details on the gulf tensions. >> the showdown between the united states and iran moves to manhattan this week. as to how to world leaders and thousands of diplomats gather in york city for the u.n. general assembly. today president drama donald trump speaks in his running counterpart behind it may be front and center. iran has second row seats although rouhani and its about sharif could avoid this emily or leave before trump takes debt just could avoid this, or lay before trump takes to put impaired tomorrow rouhani has a chance to respond. talk about historic summit between the two has died, but friends of both the administration's will attempt to shuffle back and forth -- to shuttle back and forth to broker-deal that at the very least lowers risk of conflict. this has been a key goal for france's emmanuel macron who on his way to new york said both prota

germany? do you need fiscal stimulus from the euro zone to help your country? alex: we are not in the businessare now equal partners with the rest of the european union. i want to highlight that two days ago, the great commissioner was nominated to become vice president of the european commission. this is an example of how far things have gone. grace is no longer the pariah. the new government achieved a 40% growth -- vote at the election. tom: economists that have thought about the future of europe, how does europe clear the debris of this great recession? how does europe move on? does this eliminate the debt down to zero? alex: we always believe in the spirit of cooperation, and we need to do the reforms to make the economy grow faster to allow the debt to become more sustainable. tom: alex patelis, chief economic advisor to the prime minister of greece. ec we have to have a countdown clock, six hours, 54 minutes. how can it be six hours? i am trying to do the math. eight: 30 is when it matters. matters.s when it ♪ ♪ francine: this is bloomberg "surveillance." we have talked about the ecb, g

germany. we've been active advising in terms of hedges in terms of currencies. maria: is that the kind of uncertainty that you're seeing with your business particularly in the united states i see actually a lot of confidence from my clients in terms of the short-term economy, steel -- still strong in terms of consumer spending, you're absolutely when you're speaking medium term, there's much more hesitation. probably highlighting preferring the value to shareholders. maria: yeah, i saw the report that showed buybacks consistently continue to go up and cap x goes down. the other is interest rates. kristin defending low interest rates, a lot of central banks cutting interest this year, how do you look at the world when you see the interest rates, you see central banks across the world, we have big september, the fed, the chinese central bank looking to stimulate in september impacts from your standpoint? >> this is a very similar trend across the world, in the united states our economies are forecasting and another 50 next year as well, here is strong economy still here but, however, you know, slowing down. europe is no different except it