part of jeffrey jeffrey talk editorial director of the american institute for economic research thank you guys thank you very much. and it's time now for a quick break but hang here because when we return we have the latest on the battle in seattle as amazon and starbucks successfully opposing it to alleviate their horrendous homelessness problem will be joined by seattle city councilwoman to promise the one who takes no prisoners dinner critical of amazon and other big businesses and as we go to break here the numbers at the closing bell this point trading above sixty six hundred forty dollars with air up over five percent for the day we'll be right back. short term gains at the expense of a longer term growth saudia some of the best thing in the future and products and employees you're taking all of future revenues if you're booking it today just like the man is buying back all the stuff in his own store yes he bought back all of the stuff in his store and he has a lot of revenue but now my store is empty and he has nothing to sell so the next quarter he.

entire german industrial sector all right claimants who was there the president of the institute for economic research thank you so much. it is day six of the world cup in russia there is plenty to talk about with only mottaki from d.w. sports with us hi alina all right so first of all before we look at today's action monday was a day of relief for england fans it most definitely was i mean they started against tunisia but at the end they got the job done but i have to point out they left it very very late as for belgium not a lot of drama there they want to get to panama three no in very convincing fashion right before we talk about well let's take a look at what happened. after a sluggish first time off trees martens finally broke the deadlock for belgium short the osterhaus time with this effort. and after that the match really got rolling so the favorites the man we conquered needing just six minutes to add two more goals three mil despite a slow start belgian kick off their world cup competition in a convincing fashion. england followed suit against tunisia meeting just eleven minutes before thei

about and in order to talk about this i'm joined now by clements first president of the institute for economic research joins me in the studio first of all we've we've talked about all we've heard about all those problems do political and trade issues if you take it all in all how does the german economy handle all this the german economy is relatively solid this is mostly because the domestic economy is steady wages are growing and bond is growing so consumption is strong and the construction sector is expanding so the do with domestic economies supporting growth but the export sector is at risk here is it risk is a because i know that the bundesbank for example is one of the few that seems to contradict your projection they expect german growth to rebound certainly in the second quarter thanks to a higher state spending can that compensate the risk you just mentioned not really we think it's true that public spending is expanding about we don't think we were bounced back to growth we expected at the beginning of the year so we were slightly more optimistic than the one or been a spike at the beginnin

-china and the european union scene of this terrace and the institute for economic research joins uso talk about economic impacts because they could be big. we've got expect patients have as much as a high-end 4.5% economic growth for the second quarter and now some economists say that the impact of these trade tensions could erase all about. maybe we go into recession undermine business confidence. where do you see? >> i've got this new suit here. american company, made in america, but its trillion rule. the thing we don't realize that so many of these terrorist are on american corporations. they are on american consumers. we've got american companies they need to buy goods from all around the world. steel buyers are the john deere of the world, caterpillar of the world, ford of the world. if we are going to hammer these companies come it is going to actually hurt american corporations. also going to hurt american consumers. >> you are looking at the markets down three digits. the dow down three digits this morning. weather slowed the economy? could it push it into recession? >> cer

earlier today my colleague money could joan spoke to clements president of the institute for an economic research and she asked him what the latest development means for the german car industry on the whole. it is a problem it is certainly a complete p.r. disaster but there are small behind it is it seems that there is a complete lack of strategy in the car industry about how these things should be dealt with you know how the industry wants to deal with the diesel issues and how it wants to position itself so it's really a disaster and reputation is important and this is clearly not it's not just the damage it's not just damage to the car industry but to the entire german industrial sector claimants fus the the eve for instance to institute and the institute also finds that fears about the effects of tariffs are weighing down on the german economy research group has downgraded its growth forecast for this year from two point six to one point eight percent following similar downward projections from other bodies including the german government other sources of concern for the german economy includ

king's college london and from copenhagen on skype a senior policy analyst for the social and economic survey research institute at castle university thank you and welcome to all of you for joining us casey coming to you first just paint is a fiscal picture legal or illegal of how they do what they do into by well it's very interesting to read the revelations that came out of the leak that see for a.d.'s had received. the organized crime and corruption reporting project this journalist network sent in a journalist to find out how exactly does that work what is the mechanizations they found that they preferred cash in suitcases if you want to are wired that most of the real estate agents said that there was no checks there was no need to do any sort of filling out of paperwork to take care of that for them that in particular they did not disclose need to disclose their owner of a beneficial owner of the company that would buy so you could use a shell company to buy rather than in your individual names you could hide who was that was buying some of the property so the leak was quite important some fifty eight tho

from them that the boom is over the message from one of germany's most respected economic institutes today the for research group it says business confidence as this month to its lowest level in over a year with the world edging towards a full blown trade war the german export champion is looking shaky. the retail sector has been a pillar of the german economy in recent years. but retailers themselves now have a pessimistic outlook says the munich based economic institute. that's also due to new challenges for germany both at home and abroad. chancellor angela merkel is dealing with a political crisis have been very in coalition partners the c.s.u. have taken a tougher stance against immigration. add to that the dispute between the u.s. and its major trade partners washington has threatened even more tariffs in retaliation to the e.u. use new levies on american products experts say germany would be the big loser any new tires on its automotive industry would hit more than other e.u. countries. and the big fall in business sentiment has hit the dax that is our financial correspondent in frankfurt daniel has

is over the message today from one of germany's most respected economic institutes i've been for will and that's the business the research group says business confidence as this month to its lowest level in over a year that applies to all four sectors that measures construction services manufacturing and trade with the world edging towards a full blown trade war the german export champion may not be able to take this one in its stride. the retail sector has been a pillar of the german economy in recent years. but retailers themselves now have a pessimistic outlook system unit based evo economic institute. that's also due to new challenges for germany both at home and abroad. chancellor angela merkel is dealing with a political crisis her very own coalition partners the c.s.u. have taken a tougher stance against immigration. that could bring down the government and force new elections something that wouldn't bode well with investors. that the dispute between the u.s. and its major trade partners washington has threatened even more tariffs in retaliation to the e.u. use new levies on american products experts say germany w

the german economy is facing some headwinds this year now economic research institute if i recently caught germany's twenty eighteen growth for cost one point eight percent down from two point six percent i made an escalating trade skirmish between the united states and the european union. it's been a tricky year for germany twenty eighteen began with an economic growth slowdown between march and january the economy only group zero point three percent that's half the rate recorded in the previous quarter and the outlook isn't great germany is facing headwinds both at home and abroad. is dealing with a political crisis have a very in coalition partners c.s.u. have taken a tougher stance against immigration that could bring down the government and force new elections something that would in bold well with investors add to that the dispute between the u.s. and its major trade partners washington has threatened even more tariffs in retaliation to brussels new levies on american products experts say germany would be the big loser any new tariffs on vehicles would hit it more than other e.u. countries. and joining me here in the st

edges towards potentially a full blown trade war meanwhile economic research institute if i recently cut germany's twenty eighteen growth for costs to one point eight percent down from two point six percent. the retail sector has been a pillar of the german economy in recent years. but retailers themselves now have a pessimistic outlook system unit based economic institute. that's also due to new challenges for germany both at home and abroad. chancellor angela merkel is dealing with a political crisis have a very in coalition partners the c.s.u. have taken a tougher stance against immigration. that could bring down the government and force new elections something that wouldn't bode well with investors. to that the dispute between the u.s. and its major trade partners washington has threatened even more terror summit on the actions of the e use new levies on american products experts say germany would be the big loser. any new tarps on its automotive industry would hit it more than other e.u. countries. let's bring in our financial correspondent daniel who is in frankfurt now daniel it seems like the dax is already under pr

june to its lowest level in more than a year meanwhile economic research institute has gone ahead and cut germany's twenty eight hundred growth for calls from two point six percent down to one point eight percent. the retail sector has been a pillar of the german economy in recent years. but retailers themselves now have a pessimistic outlook says the munich based evo economic institute. that's also due to new challenges for germany both at home and abroad. chancellor angela merkel is dealing with a political crisis her very own coalition partners the c.s.u. have taken a tougher stance against immigration. to that the dispute between the us and its major trade partners washington has threatened even more tariffs in retaliation to the e.u. use new levies on american products experts say germany would be the big loser any new tarps on its automotive industry would hit more than other e.u. countries. german companies b.m.w. and siemens have joined us in voicing their concerns about staying and investing it britain the companies all cite uncertainty surrounding a post for exit deal with the e.u. and that criticism was magnified by ne

for that, but we were able to pass it. but i look at the economic cycle research institute in october, 2016, their numbers. it was a 2% average deproth under obama versus 2.7% under bush. the g.d.p. growth, this is the slowest expansion on record. the numbers prove otherwise of what you say, but the most important thing proves people are working. people care about the security of their jobs and security and safety of the country. and i feel very thankful that next week, our president will be sitting down with the leader of north korea with the hopes that we can make this world more secure. we are building the security of jobs. we are building the security of the world. and i would firmly believe, let the american public judge, are they better off today than they were a few short four years ago. i don't need numbers to show it. but i can see the jobs, the people, and i'm proud of that fact. and i ask, mr. speaker, the other side, follow through. i have heard time and again, i would never shut the government down. we wouldn't go that political. but when the day came, they did. politics and the election is ov

for that, but we were able to pass it. but i look at the economic cycle research institute in october, 2016, their numbers. it was a 2% average deproth under obama versus 2.7% under bush. the g.d.p. growth, this is the slowest expansion on record. the numbers prove otherwise of what you say, but the most important thing proves people are working. people care about the security of their jobs and security and safety of the country. and i feel very thankful that next week, our president will be sitting down with the leader of north korea with the hopes that we can make this world more secure. we are building the security of jobs. we are building the security of the world. and i would firmly believe, let the american public judge, are they better off today than they were a few short four years ago. i don't need numbers to show it. but i can see the jobs, the people, and i'm proud of that fact. and i ask, mr. speaker, the other side, follow through. i have heard time and again, i would never shut the government down. we wouldn't go that political. but when the day came, they did. politics and the election is ov