and let's go to our financial correspondent in new york jose luis de haro who is a a major pharmaceutical spinoff you know what exactly does this do for pfizer. cases stephen does deal is part of the company's goal to separate the new or dogs still protected by a patent in most cases a mature product which eventually lost those are rights biog by doing these ways you know can you slowly own and magazines have from pfizer shooting been pretty bold the revenues and pfizer currently full rearranging the mode after buying lots of. cancer treatments for over $10000000000.00 also to company combining consumer health business with glaxo smith kline we could eventually be a spoon to deal with pretty consistent with the strategy it is also attracted. by user it's a by law was a mile and shares were down more than 75 percent from their 2015 before deal peroration was announced. now say we saw briefly there was such a price pressure on us pharmaceutical companies right now and that includes milan which is been criticized as well what does this merger do for the. i actually stephen mylan has been dub

domestic market now for more on that let's talk with our financial correspondent in new york jose luis de haro jose could have you with us do investors really believe that this restructuring plan from georgia can actually work. time will tell stephen but some investors are indeed referring to a plan as too ambitious and too optimistic according to analysts it's important to have in mind some of the challenges ahead for didn't plan to be successful i'm on dam the absence of a high return platform which could guarantee higher profitability in the near term and also d.l. evaded funding costs in d.m. there are several downside risks to consider here some as simple as a slow don't need to global economy which could cause to rationing credit quality and we could revenues which could affect the bank's profitability in india's regard the easy be 0 interest rate the policy is not going to help to increase profits also the reason is secure it is a crucial not to discreate ability to maintain employee motivation while regaining market share in a very competitive market so it seems as stephen their legal

and let's go now to our financial correspondent jose luis de haro in new york who is it there you are so the decision finally made how are the markets reacting. you know it will stephen especially after listening to your own paul giving context . was more hawkish and done investors anticipated he was a very clear estate in just a minute cycle policy adjustment meaning it's different from the start of a long cut inside goal as we saw for example in 2007 obviously did not see it well with the investors who we are still seeing i believe 2 more rate cuts before the year and so we. will let everybody down with the decision. the fed likes to say that its decisions are data driven did powell in that press conference lay out a strong enough argument for why. why he's cutting rates despite the strong economic data frankly in the us. stephen he was a pretty big reguard so was the. statement in bold the case is the outlook for the u.s. economy remain favorable while the current expansion was to find some staying power will mention that we should expect the job growth to be slower down last year

and for more on this let's check in now with our financial correspondent in new york jose luis de haro it was a nice as always to see you so what's the market reaction to these results everyone's been waiting on them. when. a low is easy to be demonstrable and that's why i upload shirts and went up up to 4 percent off to release and it's. awful keeps suffering from a muted i phone sales actually between april and june of this year i phone sales have full nearly 12 percent when compared with last year there are several factors said to take into account here one of them is surprising even if the company has made efforts to introduce relatively cheaper models i phones are still consider expensive this means said that consumers normally will not change into new models as often as they used to also. kills in a smartphone modem business attention it's already having more into 2020 new models and nor the one said that will come next fall worth a note into sales in china fell over 4 percent in the most recent quarter you know there's been criticism that apple is too dependent on i phone sales