albert tucker who's a member of the editorial or the editorial director of the american institute for economic research thanks for being with us here on r.t. international. so the canadians they say that they have sufficient evidence for a judge to rule on the extradition do you think men will ultimately be sent to the u.s. . the way things are going right now and it appears to be so as remarkable as it is that seems i mean this is just obviously an act of political violence at some level and deeply embarrassing to a country that believes in human rights and free enterprise while way as an international company with very complicated deal ins all over the world and of course if you've got a political enemy out of there out there somewhere that anybody can drum up any kind of charges against you i'm sorry that canada is going along with this but it's seems like it's a latch last ditch effort of american imperialism and really quite appalling i think it's it's deeply embarrassing for america if any americans actually cared about it so how tied in this. trade dispute with is this site let me or is this jus

decidedly gloomy that's according to a survey of export focused businesses by germany's institute for economic research especially. product manufacturers have lamented the drop in contracts confidence among germany's exporters as fall into a six and a half year low. chinese gaming company beijing is being forced to sell the popular gay dating app grindr by u.s. authorities washington says chinese ownership of the platform constitutes a national security brace according to reuters the u.s. has been scrutinizing app developers over the safety of personal data they handle especially if it could involve u.s. military or intelligence personnel right it describes itself as the world's largest social networking app for the g p t q community it had twenty seven million users in twenty seventeen. asia is one of the world's largest markets for wine and hong kong holds the record for the highest price paid by a forked out one and a half million dollars last year for seven bottles of it didn't read the auction house other base wants to break that record. this is the cheap wine just a warm up the price the stuff wi

decidedly gloomy that's according to a survey of export focused businesses by germany's efore institute for economic research especially car makers and middle product manufacturers have lamented the drop in contracts confidence among germany's exporters as fall into a six and a half year low. every here around four hundred central bankers chief economists market participants and academics from europe north america and asia come to frankfurt for a special conference it's titled the e.c.b. and it's watches and this year will be the last time that mario draghi gives the opening address as head of the european central bank he's been in the post for eight years and his term ends in october his successor won't have an easy ride. mario draghi has been in the firing line since the very first day he took the reins at the e.c.b. . he was the governor of the bank of italy and named president of the european central bank in november of twenty eleven it was the height of the european debt crisis to calm markets he made a statement that made him famous. the z. b. is ready to do whatever it takes to preserve the euro. the

decidedly gloomy that's according to a survey of export focused businesses by germany's efore institute for economic research especially can make is and metal product manufacturers have lamented the drop in contracts confidence among germany's exporters as fall into a six and a half year low. now that all is not good news in the air of the man i'm talking to next that's up of these the c.e.o. of germany's dodge a post d.h.l. the world's biggest international court to up with thank you for joining us if you look at global trade right now are you worried so you know what happened is that we had a relatively soft start seen into the year we are still assuming that we will see a solid growth from free to free and a half percent uncertainty is never good for business but i'm not as skeptical as some people are still i still believe that we will see a continuation of the grove of last years maybe not at the same level as previous years what do you see as the biggest challenge in global politics right now for your business. i think you know of the biggest challenge is always uncertainty because uncertainty you know

joining us is dorothea schaefer, researcher at the german institute for economic research.o have you. thank you for joining us. what does the finance ministry in germany actually expect from this merger? dorothea: the finance ministry is not really expecting that much from the merger, at least the finance minister himself says he's rather neutral about i t. but in the beginning, he was the first to talk about industry policy in the banking sector. y have confidence the finance minister is behind the talk of the merger. combined deutsche bank and commerzbank be strong enough to survive on the international level against other global investment banks? dorothea: they would certainly be a very large bank. the third-largest bank in europe. strong in the export financing, at least for german firms. they have abe that very realistic chance to become in the european market. they aree same time, also too big to fail together. deutsche bank is already a make a bank. nejra: and one of the arguments for germany to merge the banks, to create a national champion. would the positive aspec

will help keep gdp growth around 10% for ten years and bring in edward of the american institute for economic researchhanks for joining us edward. >> good morning, lauren there's a disconnect between the white house is projecting for the economy and what what independent forecastsers say. how do you explain the difference? >> well, the president said that he's going to be probusiness that has been actually materializing so the tax cuts, the deregulations has actually led to fueling of economic activity. economic growth turned out to be very good last year. 2.9% so 3% is actually quite impressive. some of his forecasts are a little bit higher than what they typical economist says but things have been working out so far a with this probusiness proeconomic agenda. >> the budget also calls for we heard that from the sound from larry kudlow that we played basically a 5 a% cut in spending across the board. they put more money to veterans more money towards kefs can spending cuts make up for cost of defense but also for the cost of the tax cuts? >> you know, i would tell you one issue that we have which is a

we have new zealand institute of economic research with its quarterly forecast, lowering gdp for 2019 on moderating expectations for investment and public consumption, private is faster for new zealand. haidi: first word news with ramy inocencio. ramy: thank you and good morning. a new bloomberg survey expect the federal reserve to bring its end aftercycle to an one more increase in september. that would be the peak at the upper end of the target range at 2.75%. in december the same survey expected to hikes this year with the cycle at a hike of 3.5%. of 3.5 percent. saudi arabia still has to rebalance the oil market but they insist they will do what is necessary. the saudi energy minister said opec must continue to restrict output until at least june. he said the job is nowhere near complete and excessive u.s. inventories mean there is a risk of short-term oversupply. the australian government is warning the stall in property markets could hit the wider economy. holly post -- falling house prices could fill in two consumption and small business investment. australian rates are at a lo

and for more on this topic let's bring in now andrey walther from the havoc institute of in. the national economics where he heads the research area international economics and trade good to have you with us so in this report we just learned that heavy industry certainly sounds the alarm is germany's energy policy this energy makes jeopardizing our energy security the same currently it definitely is at least in the absence of a consistent strategy concerning the energy system as a whole because that's lacking at the moment i think all right but right now we of course we can still rely on on other energy sources the energy transition isn't complete yet coal certainly is a domestic and very reliable energy source but it's also bad for the environment and that is why berlin plans to phase out coal power by twenty thirty eight twenty and that he eight that's nineteen years from now nineteen years of harmful c o two emissions is that in line with the e.u. aim to be basically green soup given the suit in use phase out of nuclear energy there's basically no alternative to it because in germany we need basic law capacities in order t

economic situation there investors are also expecting not very good news to be released this morning we are currently waiting for the latest business climate index the index in full research institute here in germany always gives you a very good idea about the sentiment of german c.e.o.'s how they see their current situation and we are expecting the index to be lower once again at the picture by the way is pretty much the same it also at the other exchanges here in europe the footsie one hundred in london down the s. and my in zero. and the cac forty in paris as well and the rest. what can we expect this week on european markets. what is going to be a very interesting week certainly tomorrow we're also expecting news about the consumer sentiment which also always gives you a very interesting idea how this situation right now is doing and then there's certainly another topic which is giving investors quite some headache and concern and that is brics that i guess most of the investors behind me on the trading floor are keeping a very close eye on every development there in westminster at the moment i was going to happen with who is or may are we going to see a new vote on have breck'

all-time highs even as we see several economists from the new zealand institute of economic research lower their gdp growth prediction forfor new zealand. we are seeing japanese stock futures gaining. they open in less than two hours, which comes after the boj kept things unchanged on friday. haidi: let's get you the first word news with ramy inocencio in new york. ramy: a new bloomberg survey expects the federal reserve to bring rate hikes to an end after one more increase in september, marking the peak of the cycle with the upper end of the target range at 2.75%. in december, the same survey expected two hikes this year with the cycle peaking at three point 25%. saudi arabia says opec and its allies still have a lot to do to rebalance the oil market, but they insist they will do what is necessary. the cartel and independent producers met in azerbaijan, and the saudi minister said the group needs to continue to restrict output until at least this june. he says excessive u.s. inventories mean a risk of short-term oversupply. initial data from the ethiopian airlines flight recorders show similarities with the lion air dis

institute. his research focuses on competition, research, and technology policy. he is a senior fellow at the georgetown center. he received his ba in economics from washington university. is a professorss at the center for technology and atovation and competition the university of pennsylvania law school. his research focuses on regulatory law. we welcome all of our incredibly distinguished witnesses. like you for participating in today's hearing. if you would please rise, i will begin by swearing in. please raise your right hand. under swear or affirm penalty of perjury that the testimony you are about to give is true and accurate to the best of your knowledge? let the record show the witnesses answered in the affirmative. each of your written statements will be entered into the statement in its entirety. i would ask that you summarize your testimony of five minutes. we will begin with mr.leger. thank you for inviting me and the rest of the panel here today. the merger will deliver a supercharge carrier that will increase competition and create american jobs. first and foremost, the new t-mobile will make sure america wins the global 5g race. 5g will unlock new culpability will fuel job creation. 5g wi

institute. expertise t with an in public policy, his research focuses on competition, regulation, telecommunications and technology policy. he is also a senior fellow at center for wn business and public policy. in eceived his b.a. economi economics. our final witness is christopher with -- s the director his research focuses on regulatory law, especially in to technology innovation and the internet. he has also taught at vanderbilt university school of law where he serves as founding director of the entertainment law program. he received his a.b. -- b.a. from harvard university. we welcome all of our distinguished witnesses and thank you for participating in hearing. if you will please z rise, i swearing you in. right hands.your -- do you swear that the true ony you will give is and accurate to the best of your belief. record show that the witnesses answered in the affirmative. ach of your written statements will be entered into the record in its entirety. you summarize your testimony within five minutes. there is a timing light on your the light switches from green to yellow, you have a win to complete your testimony, it turns red, it signals that your five minutes have expired. keep that in mind. > thank you, chairman, ranking