france's total which has a $5 billion deal to develop the largest gas field in the world which is in iran. airbusking to sell 100 jets to iran air. you had norwegian firm which had a billion—dollar deal to build solar panels. these countries will have two shoes with investing in iran or doing deals with the us. some of the biggest asian economies are buying a lot of oilfrom iran asian economies are buying a lot of oil from iran and these asian economies are buying a lot of oilfrom iran and these include china, india and south korea. many countries will be affected if the stiff sanctions are implemented by the us. thank you so much. foreign ministers from the g20 are meeting in argentina. taking the spotlight, the real action of the venezuelan president. six members have said they will not recognise a sham election. argentina is trying to stabilise its own economy which is saddled with debt and double—digit inflation. it is driving oil prices aggressively hire. this is part and parcel to 0pec and non—0pec supply compliance. any propensity for supply disruption is being jumped on and that is what i

of the nuclear deal with iran that american companies would no longer be doing business with iran. —— airbusow to companies like boeing. but even with companies like boeing. but even with companies operating with iran, can they have us involvement with parts and so on. it is very competent. they have us involvement with parts and so on. it is very competentm is not just and so on. it is very competentm is notjust airbus, but across the auto sector. food, as well. lots of companies are exposed. it is the problem. thank you for your time and comments this morning. course, we mentioned these meetings are ongoing between the iranian foreign minister and some of the key delegates in europe, in brussels, so we will keep oui’ europe, in brussels, so we will keep our eye on how they fare today. japan's economy, which is the world's third biggest, shrank by more than expected in the first three months of this year. the annualised contraction of 0.6% ended the longest stretch of economic growth since the 1980s. 0ur correspondent rupert wingfield—hayes is in tokyo. why such a bad start to the year? wel

whim via tweet to just knock off that system and europe has billions of dollars of new trade with iran airbus has a billions of dollars deal so suddenly airbus can't do this and look at the consequences these are things said by french and german ministers french foreign minister johnny. complained that quote we feel that the extraterritoriality of their american sanction measures are unacceptable the europeans should not have to pay for the withdrawal from an agreement by the united states which they have themselves contributed meanwhile french finance minister bruno demand asked yesterday do we want to be the assholes who obey decisions taken by the united states while clinging to the hem of their trousers or do want to say we have our own economic interests and remarkably the article goes on to point out that because of these the rainy and sanctions they're actually disgusting in very high levels in europe among the ministerial class of devising an alternative to the swift system again this is really important to the demise if the fewer dollars you have circulating the fewer the less power

whim via tweet to just knock off that system and europe has billions of dollars of new trade with iran airbus has a billions of dollars deal so suddenly air bus can't do this and look at the consequences these are things said by french and german ministers french foreign minister tony. complained that quote we feel that the extraterritoriality of their american sanction measures are unacceptable the europeans should not have to pay for the withdrawal from an agreement by the united states which they have themselves contributed meanwhile french finance minister bruno dimapur asked yesterday do we want to be the assholes who obey decisions taken by the united states while clinging to the hem of their trousers or do want to say we have our own economic interests and remarkably the article goes on to point out that because of these are rainy and sanctions they're actually disgusting in very high levels in europe among the ministerial class of devising an alternative to the swift system again this is really important to the demise if the fewer dollars you have circulating the fewer the less power

whim via tweet to just knock off that system and europe has billions of dollars of new trade with iran airbus has a billions of dollars deal so suddenly air bus can't do this and look at the consequences these are things said by french and german ministers french foreign minister johnny. complained that quote we feel that the extraterritoriality of their american sanction measures are unacceptable the europeans should not have to pay for the withdrawal from an agreement by the united states which they had themselves contributed meanwhile french finance minister bruno dimapur asked yesterday do we want to be the assholes who obey decisions taken by the united states while clinging to the hem of their trousers or do want to say we have our own economic interests and remarkably the article goes on to point out that because of these are rainy and sanctions they're actually disgusting in very high levels in europe among the ministerial class of devising an alternative to the swift system again this is really important to the demise if the fewer dollars you have circulating the fewer the less power

whim via tweet to just knock off that system and europe has billions of dollars of new trade with iran airbus has a billions of dollars deal so suddenly air bus can't do this and look at the consequences these are things said by french and german ministers french foreign minister. complained that quote we feel that the extraterritoriality of their american sanction measures are unacceptable the europeans should not have to pay for the withdrawal from an agreement by the united states which they have themselves contributed meanwhile french finance minister bruno demand asked yesterday do we want to be the assholes who obey decisions taken by the united states while clinging to the hem of their trousers or do want to say we have our own economic interests and remarkably the article goes on to point out that because of these iranian sanctions they're actually disc. very high levels in europe among the ministerial class of devising an alternative to the swift system again this is really important to the demise if the fewer dollars you have circulating the fewer the less power you have to mess up

companies with ties to iran, so psa, airbus shares down by 0.5%, renault also declining.et. on monday, investors will be paying close attention to 21st century fox. most analysts predict the company will be profitable, it has charged higher fees to satellite and cable distributors. but the earnings are the sideshow, investors are curious about whether or not the company has any updates about its pursuit of the european broadcaster sky and if the company has a preferred suitor. two us media giants are both vying to buy some of the assets of 21st century fox. things like the tv and film studios. why is there a bidding war? it has to do with netflix. they are worried the streaming service provider is hurting their bottom line and they think that if they can acquire some of these assets from 21st century fox, it might be the key to their survival. joining us is sue noffke, uk equities fund manager, schroders. the big on iran and companies sniffing around the uranium markets, but has there been a reaction to the the us is pulling out of the iran nuclear deal? not a big reactio

sanctions will be in place many european companies will try to get as much business with iran down this possible airbus for example they want to speed up their process as now and get more planes early out to iran as originally scheduled we have to remember that airbus for example had this mega deal with a volume of one hundred planes with iran's national carry about once sanctions will be implemented it's not very likely that too many european companies will stay in the country the fear of very painful sanctions by the united states out there and companies are worried that they're very good and we have to face it even more important business with the united states at the end could suffer. it's monday can we expect this week. yes there is quite a lot on the agenda actually it will be interesting to see if it's going to be another strong week here at the blue chip index that's we have seen the dax now for seven weeks in the winning zone of class of ten percent during the past weeks and again over the thirteen thousand point mark so yeah let's see how this develops the quarterly reporting season is also s

reporter: thanks to the iran nuclear agreement, airbus was able to secure a deal for 100 aircraft withran. however at least 10% of the components for its planes come from u.s. producers, and this detail is likely to pull the plug on the sale. >> anything that has u.s. content, dealings with the u.s., then gets exported, will come under scrutiny. that may need to be looked at very carefully. reporter: boeing, which struck a deal for 80 planes with iran, is likely to be forced to cancel their contracts along with various other aircraft producers. among the companies, french oil producer to tell -- totale looks to cash in. they struck a deal to [indiscernible] now it seems unlikely that the country will be able to continue sales in many markets. >> this will be a very significant thing. what the markets have already found is that yes, there will be tension, prices have risen before the announcement which was expected, come down since. reporter: international carmakers also had high hopes. peugeot wanted to build a plant in iran, and they were hoping to produce cars in other companies. vol

iran. what is the u.s.'s position on that. would we sanction airbus? rong on this, we're encouraging these companies not to do business with iran. it's a simple choice, would you like to do business with that economy which is basically a ponzi scheme or would you like to do business with the united states. i really hope that all of these companies, our ambassador to germany was very clear about this yesterday, that they would give this a lot of thought before they decided to enter into those contracts. >> maria: so do you think the european leadership right now is considering ways to work with the united states and push back at iran? or are they steadfast in terms of we're going to stay in this deal? >> no, i mean, i think they've been -- they've also been very clear. they have their views on the jcpoa. they've also been clear about its shortcomings and the willingness to work with the president on a better deal, something that is in our favor and not so heavily weighted towards the iranians. >> maria: what i was asking you, do we know that this is over

and now basically airbus signed a deal with iran air back in twenty sixteen to deliver one hundred planes it was a deal worth billions of dollars but in this climate of uncertainty nobody knows what is going to happen next. still to come on the program the w.h.o. says it's preparing for the worst case scenario as more cases of ebola reported in the democratic republic of congo. i think believe. and the ousted chief justice of the philippines who dared to criticize the president calls her removal from office unconstitutional. hello and welcome back the weather across europe at the moment pretty unsettled across some central areas the risk of some storms that extends down through the balkans into southeastern parts of europe and across ukraine into western parts of russia we've got an air of low pressure giving some rain is also looking pretty unsettled across more western areas is a frontal system pushing in across the u.k. and down through france do you would like to see some snow over the alps during the course of sunday is cold ai

iran, neither is anybody else. david: now let's just take one company, for example, airbus, 10% of parts and equipment come from thed states. they sell completed planes that are partly made with u.s. hardware to iran. that would be prohibited under the sanctions that are prosed. what way are they going to hit the european allies. >> there will be, which is why the european allies were anxious not to reimpose sanctions. technically they're not compell compelled to, the economic reality is they would fall under the sanctions and by proxy would be affected by them. it's one of the things to recognize, this can't be in effect, isn't a surprise to our european allies that they would be put in the position when. president obama created an agreement that was so weak and so distrusted by not just republicans but other people in washington, d.c., that he knew he couldn't get it through the senate as a normal treaty would be. everyone is known for the last few years, this was built on a foundation of sand and deception and likely come to an end. david: a lot of democrats were against it as well. some of whom are upset about

immediately going to enact and revoke licenses of some of the biggest companies that deal with iran, boeing and airbus and that affects brittain and other countries. how do you, a, you, go on with tec tens of billions of dollars wiped off the slate and to convince iran that somehow you can, you, europeans, mitigate this effect of sanctions on them? >> it's a very serious question and it comes from secretary johnson saying to the united states, don't whatever you do make the conditions that you're going to operate under so onerous that the rest of us can't fulfill the obligations that we have under the jtpoa. it works two ways. it works in relation to containing the nuclear threat. i think what we're seeing with the americans is, look, you must handle it yourself as you wish, but we want to continue to be able to be free to operate. now i suspect in that space there's quite a lot of discussion to be had because no one is naive enough to believe it's the american banks and american financial systems that do something there isn't an effect elsewhere. this is something clearly we've got to engage on. as t

seven seventy seven's expected to be delivered to iran with the economic sanctions being reinstated by the u.s. department of treasury both boeing and airbus export licenses to iran will be revoked in ninety days what does this all mean for the plane makers and in particular for the seattle based boeing let's ask conservative t.v. and radio host steve malzberg see if thank you for joining us i know you've been looking at this and trying to figure it out really does put boeing in a pickle and air bus doesn't it. yeah well let's start with a boeing and you know i'll jump to the end first the c.e.o. of boeing said you know what if we lose this business we'll deal with it and if we somehow keep it we'll consider it a bonus and here's why you know boeing has been i think last year was a top performing stock in the in the dow this year it's up about fifteen percent yesterday on this new it was flat so nobody panicked nobody you know was selling off now here's the deal they're going to lose the twenty billion dollars presumably but they never put these planes in their backlog they have six thousand commercial jets on their backlog that that means

iran. what the administration has said is we're going to putose sanctions back on so companies like airbus have to decide, do we continue to do business withl iran butk ourselves out of the american financial market? most likely a company like airbus is going to s no, we probably need america. let's keep on going. it allowed basically iran to sell more oil to other parts of the world and the price of oil has already started going up because of even unrest whether mpor not president t would pull out of the deal. now oil prices are going up. -- the up. until be people who feel that at the pump but for the most part, the u.s. doesn't do a lot of busirass withn in general but gasoline prices, people might start to feel that ro rt: how much of this was about undoing the obama legacy? >> lot of it. two things going on. president tru's core fundamental bleach to the stefpbletthe has one iser that a has been shafted over the years. there's no deal basically since the 1980's that america hased into into that he thought was good flu. whether it's trailed or the iran onal. the s part is yes, everythin

iran. that is airbus, for example. 10% of its part come from the u.s. therefore is it possible that the u.s. sanctions could stop airbus from selling any planes to iran? >> it is possible. i think new sanctions right away become very impactful in the banking industry worldwide. the banking industry worldwide becomes difficult for anyone to transact in dollars if they want to do business with the iranian government if we put sanctions there but as you know there has been not all that much american business that has gone into iran since the deal happened. i think maybe people thought this day might come. that is maybe why the markets are taking it more less in stride. david: liz, i'm looking at the presidential memorandum on iran. it talks about educating non-u.s. business community on the scope of prohibited and sanctionable activities. looks like it is kind of leaving open the question of secretary sanctions here. >> that is another reason that the markets didn't overreact here. we're not really clear what our trading partners, what is china going to do

perhaps the country deepest in the iran swamp is france. airbusned a deal with iran air to sell 100 planes around $19 billion. another french craft maker stuck a $216 million bill. french oil giant signed a 20-year contract with iran and chinese oil company to develop an iranian gas field and a french car maker got a deal to open an iranian plant. it turns out that one-fifth of the entire global market is in iran. and you'll be interested to discover that the rothschild banker is none ow other tharn tn emanuel macron. we take them for seriously when they come after donald trump for pulling out of the nuclear deal if they weren't up to their necks with other deals with iran. the other story in the spotlight is donald trump's former fixer, michael cohen. the drug giant confirmed that it paid cohen $1.2 million for a consulting contract. he reached out in early 2017 promising access to the president and many most influential officials in the new administration. novartis jumped at the information. it's the kind of corruption that the pharmaceutical co

have deals in place worth nearly forty billion dollars the largest deal was for iran and to buy one hundred planes from airbus carmakers rhino p.s.a. and volkswagen have moved back into iran about one hundred twenty german companies operate there are china is the biggest buyer of iranian crude so with european companies starting to count potential losses there were draw from iran could open the door to chinese firms. well the european union wants to calm tensions and salvage the deal with iran a french government spokesman said e.u. partners could fight the sanctions under world trade rules but look at the european union is ready to challenge at the w.t. yes any unilateral measures that would hurt the interests of european companies and respond in an appropriate manner in accordance of course before the rules of that international organization commits. well joining us now from vienna is be jennifer managing partner of austria based consulting firm r.t.a. international good to have you with us so let's talk first of all about iran's economy which is not in great shape to begin with how is the u.s. withdrawing

iran. >> it's huge. airbus, which sells a lot of equipment, not only new planes, but spare parts of planes to iran. 10% of everything they make comes from the united states. so there is a direct connection there. we could say if 10% of what you sell to iran comes from us, we are going to have sanctions against you. it's the secondary sanctions. that's what john bolton was saying. not so much against u.s. companies, but european companies that deal with iran. in what way will that screw up world trade. it's going to be interesting. they didn't spell it out clearly in the memorandum. >> harris: at least it's in there. >> they want to negotiation over the next several months with the europeans to figure out. >> harris: in that 90 day window. the reason i say at least it's in there, we don't know what were in those side deals. there could be business language. we don't know for sure. some on capitol hill do know. >> boeing is looking for the 20 billion. they are not going to get it. but they weren't banking on that

-- sorry, boeing annou e announced not many deals with iran, but airbus had >> they had just a land mark deal with iran, double checking that, but maybe it's not a current significant business, it'll probably just be unwinding of the decision to finally introthat market >> right >> both stocks down a percent, and total closed down 2% the french energy company, that was during european trade, you have to check in on it at the moment another check in the broader markets at this hour, and, of course, they have been trading down for most of the day there, a brief positive spurt in the middle of the day, but they are down not as much as they had been dow down just 33 points. turning from the u.s. overseas emerging markets on a strong run over two years, but is the momentum changing? we take a look >> emerging markets falling into correction territory, and here's why. first, a stronger dollar makes emerging market debt more expensive to pay off second, rising rates here in the u.s. makes emerging market bonds less appealing to investors searching for yield. data from t

iran as unacceptable. several french firms including airbus, total and renault have signed billion dollar agreements with iran nuclear agreement. however all could now face us sanctions if they don't wind up their investments by november. yesterday, the us also imposed sanctions on six people and three companies it says have ties to iran's elite military force, the revolutionary guard. our economics correspondent andrew walkerjoins me now. good morning. this is a story that keeps changing. six individuals targeted here, six firms. it's not a lot and it won't make a huge difference, it's more the headlines they get out of it. the headlines are part of the appeal but this is looking at specific issues that the us treasury say they are concerned about may have the cooperation of the uae in these measures they are taking. this is not about the nuclear programme. this is about the iran revolutionary guard and they say that the people they are targeting, including currency exchange dealers and the arabian financial system has strong links with dubai they are targeting individuals because they reckon they are being

contracts with iran had surged in the wake of the nuclear deal it says it will complete existing projects quote as far as legally possible terms decision is a direct hit on european plane maker airbus a contract for one hundred airliners for iran air now hangs in the balance. german companies are furious that trump is meddling in their earring in business. we need that means the business side needs leaders certainty on the one hand or the other if we have three european say we don't allow any iran business so then we have to live with that but it's a fair. level playing field that the u.s. says that we as europeans are not allowed to make business with kompany s. even e.u. companies that supply iran with goods for the food industry are between a rock and a hard place if trumpery imposes sanctions they could face legal consequences in the u.s. many won't take that risk and will pull out of iran instead. french president de manuel marquez has been in office for a year now and economists say he's done more in those twelve months than his predecessors did in many years he's managed to introduce some flexibility into the rigid labor market against stiff resistance and his changes are be

iran air had ordered $20.8 passenger planes from airbus. $17 billion from boeing and the french oil company had signed an additional contract to help develop an iranian gas deal. boeing's licenses to sell aircraft to iran will be revoked. it to move want forward, it will need to create a specific waiver. it is also bad news for general electric. major european carmakers have been monitoring the decision. holds 30 percent of the market share and hopes that they will adopt a common position on iran. the hotel industry also risk severe losses. french hotel company or spanish company may have to close their establishments in iran. meanwhile, he you have already begin to draft blocking the new sanctions. aseuropean indexes are mixed officials digest the news. and the dax is up is on either side of flatline. everyone is on -- everyone's eyes is on the price of crude. it is nearing $71 a barrel. 78.t crude closing in on earlier we spoke to it equity analyst in hong kong about this. >> secondary impact is whether or not this will impact inflation in the u.s. and whether they're willing to look have

seven seventy seven's expected to be delivered to iran with the economic sanctions being reinstated by the u.s. department of treasury both boeing and airbus export licenses to iran will be revoked in ninety days what does this all mean for the plane makers and in particular for the seattle based boeing let's ask conservative t.v. and radio host steve malzberg see if thank you for joining us i know you've been looking at this and trying to figure it out really does put boeing in a pickle and air bus doesn't it. yeah well let's start with a boeing and you know i'll jump to the end first the c.e.o. of boeing said you know what if we lose this business we'll deal with it and if we somehow keep it we'll consider it a bonus and here's why you know boeing has been i think last year was a top performing stock in the in the dow this year it's up about fifteen percent yesterday on this new is it was flat so nobody panicked nobody you know was selling off now here's the deal they're going to lose the twenty billion dollars presumably but they never put these planes in their backlog they have six thousand commercial jets on their backlog that that me

seven seventy seven's expected to be delivered to iran with the economic sanctions being reinstated by the u.s. department of treasury both boeing and airbus export licenses to iran will be revoked in ninety days what does this all mean for the plane makers and in particular for the seattle based boeing let's ask conservative t.v. and radio host steve malzberg steve thank you for joining us i know you've been looking at this and trying to figure it out really does put boeing in a pickle and air bus doesn't it. yeah well let's start with a boeing and you know i'll jump to the end first the c.e.o. of boeing said you know what if we lose this business we'll deal with it and if we somehow keep it we'll consider it a bonus and here's why you know boeing has been i think last year was a top performing stock in the in the dow this year it's up about fifteen percent yesterday on this new it was flat so nobody panicked nobody you know was selling off now here's the deal they're going to lose the twenty billion dollars presumably but they never put these planes in their backlog they have six thousand commercial jets on their backlog that that means

iran's surge soon after sanctions had been lifted now siemens will only say that existing projects will be completed quote as far as legally possible. trumps decision is a direct hit on european plane maker airbus a contract for one hundred airliners for iran now hangs in the balance. german finance minister olaf scholtz promises to do everything possible to protect european commercial interests i'm struggling that we cannot predict at this point what we can do as the european union has come up like you know news sure you that we are in continuing talks and that i personally will have a couple of telephone conversations with the u.s. colleagues today in order to progress on that issue you will find it was. fox wagner had also been banking on business with iran europe's largest carmaker began exporting cars there in twenty seventeen. and a lot of german engineering companies also resume business with the country as sanctions were lifted and the nuclear deal came into force. there were dreams. and the reality words definitely of you not according to this dreams so now we have to see a realistic approach doing business with iran we will continue doing business with iran we will stay with our treat

iran. let me give you some examples, airbus employs 111,000 people in the uk. eal of $20 billion to supply 100 planes to iran bust up if they want to keep selling planes in they want to keep selling planes in the us, that deal looks dead. total, $5 billion deal overfive the us, that deal looks dead. total, $5 billion deal over five years, they have a big presence in the us, they have a big presence in the us, they may have to rethink their problems. shell had outlined deals with iran. the iranian state oil company owns half of the gas field in the north sea which supplies 5% of uk's gas, said the secondary sanctions, if you like, are very confiscated. borisjohnson and others said they want to keep this deal alive. a partnerfor international trade to carry on as if nothing happened but they also say, how uk companies act is a legal decision for that company. it is very unlikely companies will run the risk of incurring the rat, the penalty or lack of business with the world's biggest economy. with that economic benefit, iran might be the one that thinks what is th

iran now course. economic fallout is a big part of this you know you had boeing an airbus they plan to sell jets to iran that these were huge deals. signed a two billion dollar agreement general electric received millions of dollars in orders from iran just last year the white house is now saying that those doing business in iran will be provided a period of time to allow them to wind down operations and those that don't risk severe consequences so who stands to get hurt the most economically from all this. i mean iran stands the worst economic news in this there's no doubt because i mean not only could there be a big withdrawal of much needed foreign investment but there are you know there were already economic grievances within the country we saw that in the protests in december and january and so issues like a rapid depreciation of the currency on the black market. potentially a cutback in oil export receipts these are the kind of things which are really you know going to cause some damage reza what do you think the immediate fallout would be when it comes to oil and gas prices well i think that oil

example they want to speed up their processes right now get more planes earlier to iran is scheduled we have to remember that airbus has signed this mega deal with a volume of more than one hundred planes with iran's national carrier but one sanction one sanctions will be implemented it is not very likely that too many european companies will stay in the country they clearly fear of very painful sanctions they are worried that the united states could be. that their business with the united states could be at the end suffer and yes we have to face the business with the u.s. is even more important for them so they better hurry up then is monday we're going to expect this week i well there's quite a lot on the agenda here besides geopolitical topics become. telecom and our w.e.e.e. will open their books and on thursday komansky and will provide their quarterly numbers during their last annual shareholder meeting last week the entire supervisory board wars new elected big promises were made but investors are expecting and are prepared for again new report of losses during a korban frankfurt thank you. u.s. president on

iran started taking off, siemens, airbus.have had a couple of companies appealing to european leaders saying we need your support and your needs to step up to the plate now. >> oil is extending gains above $71 a barrel following president trump's decision to pull out of the iran nuclear accord and conflict between israel and iran ratchets up. israel says iran fired missiles in the golan heights and retaliated by striking iranian targets in syria. >> the region has been on fire since 2011, but we have not seen a head-to-head confrontation between major regional powers. the rhetoric is heating up. we will have to see where this leads, but there are worrying signals. >> the stunning victory in malaysia's election, ending the six-decade rule of the coalition. what comes next now for malaysia? >> he says he has to speak to the presidents of the parties and come to some sort of conclusion to put a team together. few people would have expected for this to happen, 121 seats out of 222 contested. out of power for 14 years, but he has

of the two biggest airline manufacturers, airbus is impacted more than any because they have already started to deliver planes to iranhat they did under a deal in 2016. so airbus now will fall under that sanction even though it's a european firm because there are american parts inside of their planes. boeing will also feel impact of this. they signed a deal last year for $3 billion with irlines in iran. in total they have agreements for about 110 planes worth $20 billion. the big difference though the company has not started building those planes yet. >> we had made any skyline production slot commitments on those airplanes. i think most sensitive to that was the 777 line, our wide body line. none of those planes are in the backlog. we were pushing some of those out to mitigate our risk and we'll continue to follow the u.s. government's lead here. reporter: the other big industry affected by all this is oil, the energy sector there. look at some of the prices. it has ticked up a little bit, about 3% or so today. the secretary of treasury says his office has been talking with other oil producers in the world and askin

iran nuclear deal. the nonwhite line, meant to be .lue, is airbus airbus shares are falling today.he plane maker has 95 undelivered planes bound for that and a backlog includes 16 crucial orders for its biggest plane. bloomberg intelligence says airbus is likely to take greater market share in iran over the despiterm -- long-term, u.s. policy. the are key and say this will build a strong relationship with the iranian government and work week to enter the market upon lifting the sanctions. total, theine is european oil firm most exposed to the impact from trump's decision. it signed a deal in 2017 for the pause of gas fields in a ron -- iran. we have total rising because of the price of crude, which is pushing higher on the back of the trump announcement to a 2014 hi. m&a, another busy day. they agreed to by the german and the stern european -- buy german and eastern european shares, which does signal a bit of a retreat for the liberty global boss and owner john malone. thetransaction expands global footprint, a big incumbent inthe germany, deutsche telekom. the ceo does not like th

that immediately means $40 billion in aircraft sales from boeing and airbus to iran will be haltedl=ons will take longer to play out. a 180 day unwinding period for some sanctions and some that are related directly to the nuclear deal could take as long as until november to play out. there is a period there. the allies are looking at what they do. they are saying they are disappointed. france, the u.k., they had all spent time and energy in recent months trying to lobby the trump administration and lobby personally. president macron of france came over and had this first state visit of the trump presidency. focused largely on this deal. there is disappointment there, whether they will be able to use the time before sanctions are fully implemented to try and work out another set of theements is unclear and difficulty in doing that is unclear as well. we have seen this and a short response from allies, but the path forward remains unclear. president trump's national security adviser's said they would try to pursue a broader deal. how likely is that? could such a deal come to pass when

said licenses to sell airliners to iran will be revoked in december of 2016 airbus agreed to sell 100 iran air worth about $19 billion. now, three other stocks in focus today, vodafone rising after agreeing to acquire some of europe's assets from liberty global for about $22 billion and then there's conglomerate siemens better than expected results. burberry down after the belgium investment group sold a 6.6% stake in the high-end fashion retailer as the firm looks to diversify its portfolio. bad news, down 6%. back to you. >> seema, thank you. at hq. >> when we come back the food delivery company postmates, that company has a partnership with walmart and he will join us next here at post nine and taking a look at the major averages, narrow trading range today but all the major averages are in the green. fractionally best performer in the dow, ge. we'll be right back. ♪ feel that? that's the beat of global markets, the rhythm of the world. but to us, it's the pace of tomorrow. with ingenuity, technologies, and markets expertise we create the possible. and when you do that, you don't c