so for more, let's cross over to our man on wall street, jens korte. ns, the fed expects growth to slow somewhat at least, to moderate. why does it still raise rates? jens: yeah, it is not that there are no growth concerns around at all, but so far the federal reserve still projects economic growth of about 2.3%. that is a bit less than the originally expected 2.5%, but that is still pretty solid. jerome powell pointed out that we saw this year the best economic growth since the financial crisis, and we are in the midst, or at least right in the longest expansion phaases that the u.s. economy has seen in history, and therefore the federal reserve has the feeling that two more rate hikes in 2019 are justified. christoph: jens, this rate hike has widely been expected. why is the dow still dropping more than 300 points? jens: well, i would say that we pretty much dropped like a rock. we were up by about 300 points before the news of the fed meeting broke, and then we dropped by almost 400 points here on wall street. i would think that we have a couple of f

kristof: let's get more on the story with jens korte. it looks like the truce between beijing and washington is over before it even started. jens: clearly, the news of the arrest took investors here on wall street off guard. for the second consecutive trading day, blue chips lost almost 800 points in value. it is hard to imagine that this event is not going to be hurtful on trade talks between the u.s. and china. we have two big concerns here, one is that we might be seeing a cooling of economic growth and the second one is an escalation of the trade tensions between the u.s. and china. this is not helpful at all, even if we still have to wait for official statements from the white house. we have to see what happens on friday. if she will be sent to the u.s., the whole story is still developing. >> let's look at the bigger picture. huawei is a technology leader, particularly when it comes to 5g. they are seen with much suspicion in the united states. could other companies benefit from that? jens: theoretically, you can imagine that some u