of business i'm monica jones in berlin good to have you with us so it's been one year since a french president in call came to office on a promise to reform the economy now he said that he expects to face stiff resistance when it comes to reforming state enterprises and challenging entrenched interest groups and he was right the country's powerful rail unions out in force me to chaos at france's railway station spilled over into the weekend two thirds of all high speed trains were canceled along with many regional trains and it's been going on for two weeks with fears the french economy could suffer. see the impact has been limited we cannot quantify it now but we can already see in certain sectors of the economy in hotel reservations travel tourism that it is starting to have an effect and that's why the sooner it's all over the better. rail reform is just part of a broader campaign it pits workers and unions anxious about losing their benefits like civil servant status and early retirement against the young president who says only thora reform can put france back on the right track

different approach and the country's wine producers are benefiting those stories coming right up with monica jones. they will not succeed in dividing us not succeed in taking the people off the streets because we're tired of the stick trying to shift. taking a stand global news that matters d. w. made for minds. of freedom of expression. a value that always has to be defended anew. all over the world. of freedom freedom of art. a multimedia project about artists and their right to express their views freely. d.w. dot com to freedom. to. china hits back in response to u.s. tariffs on chinese steel and the minium beijing now imposes levies on the u.s. products including pork wine and fruit we'll get more on the world's top two economies trade dispute from our asia correspondent. also on the show portugal abandons the austerity. policies pushed for by the e.u. the result the portuguese economy is growing again. welcome to d.w. business stocks in china kicked off this new week with mild losses amid lingering worries of a full blown trade war with the united states on sunday china announced tariffs of

this is now with monica jones of the financial world is what watching those talks in washington but as you can imagine obviously it's been mentioned already terrorists would have big implications on certain industry sectors so far the markets have been u.s. trade policy in their stride but how long will this cool go on for let's cross over to an advise for standing by for us in frankfurt so this is how if this is actually handing this tariff uncertainty especially with this looming deadline of made the first. yeah it is kind of an interesting one because nobody is really very much alert and afraid we have seen a rather benign market today so it seems that investors are not overly varying about a looming trade war it is an interesting fact that even on wall street people are divided on whether they read it think that they have we're heading into a scenario we're going to see more protectionism which than words global economic growth and also the earning potential of companies on a tramp is just bluffing for now so we don't know the u.s. president is not very predictable but what we know

all right that does it really a lot in berlin monica jones is up next with your business headlines now so you can at the top of the hour. make your smart t.v. smarter with t.w. for. what you want when you want it up to date extraordinary. and decide what's old son don't want that job comes more t.v. . g.w. true diversity. where the want of science is at home in many languages to take on for a total grab and go and believe me show you can feel good show them with us our innovations magazine for in. the coming week and a way to look into the future for the w dot com science and research for asia. another problem to opens between europe and the u.s. now the u.s. sternly rejects plans to tax not profits but sales of american tech giants like google and amazon. also coming up the turkish currency the euro is in freefall but the governmental disagrees with economists a means to halt its decline and points to a conspiracy. welcome to day business i want to get jones as always good to have you with us. well relations between the u.s. and e.u. have come under fresh strain as the european commis

all right that does it really hot in berlin monica jones is up next with your business headlines now so you can at the top of the hour. looks. like you're sure to be smarter with g.w. bush not. what you want when you want to look to do it extraordinary. and decide what's on sunday morning. john comes more to the.

for more on korea let's go to our colleague monica jones i understand the business world is also looking at this summit was some sort of wide and wide eyes you can imagine my i mean the meeting between the leaders of the two koreas has investors in the region dreaming about better business opportunity is there all hopes that a thaw in a political relations could also improve economic ties significantly one issue though that doesn't appear to have been addressed yet is the fate of the case song joint industrial zone between the two koreas which has been shopped since two thousand and sixteen zero for more on the impact of that meeting let's cross over now to our financial correspondent linda hong in singapore linda the markets look like that cheering on the historic meeting are they right well i'm monica that's right i mean the career warneke she jumped about zero point four percent after the conclusion of the talks and also we've seen the cosby index and the high at zero point six percent today but there's a bit of caution from people experts in the sense that you feel remain not be able

happened to president clinton when he said he doesn't think he was ever alone with monica lewinsky in the paula jones case. so it's just very, very dangerous. >> very, very dangerous, you say. from your perspective having been on both sides, as a prosecutor and in a defense setting, we hear the president making phone calls. he's asking people, should i trust michael cohen? one of his previous attorneys from way back said, you should be careful. is the president in enou-- is michael cohen in enough trouble that he sits down and thinks, am i loyal to myself or am i loyal to the president? >> he's very possibly a target of a criminal investigation. so that always goes through one's mind when you're in the position of michael cohen. as far as what the president should or shouldn't be worried about, there is really not a lot he can do about it. he certainly should not at this time be discussing anything of substance with mr. cohen. but there's not much you can do at this point except -- i guess he can have his lawyers enter into a joint defense arrangement if it hasn't already been done with mr. cohen's a

dorian thanks so much w's dorian jones reporting from. well monica's here with some business news and it seems that emmanuel mccall is reforms in france not making everyone happy we've got a major travel problem that must travel chaos i think you could call it by loud read those the first wave of rolling rail strikes underway today the four main rail unions have cancelled two days of strikes in every five days for the next three months to protest against a shake up on the national s. and c. s. rail monopoly no other sectors from energy to garbage collection joining the walkouts and this as terry just mentioned in opposition to french president in mind when the calls labor market reform agenda. rail workers are especially angry with the government plans to do way with train drivers rights to retire at fifty two the administration also wants to make cuts to their current holiday entitlement to fifty days per year those kind of privileges cost a lot of money and state owned railway s.n.c.f. has accumulated a debt burden of forty five billion euros the dis

able to depose the president of the united states under the precedent we saw with the monica lewinsky or paula, jonescealed? >> it could be concealed if the judge found it was good grounds for that. because of the intense public interest in the case, we would fight that. we believe it should be an open process. the people should learn the facts on both sides and can judge for themselves. >> you tweeted this morning something very intriguing. i expect a major announcement to identify the thug who threatened miss clifford in 2011. you can run but you can't hide. this is one of the bombshell revelations in the 60 minutes interview. do you know the name? >> i'm not at liberty to get into the details quite yet. what i will say is this, we have worked di eed diligently to ide this individual. we're continuing that process as i sitz here right now. it was a significant threat. it was a physical threat. it involved her young daughter at the time. it was not some minor thing. that threat would have only come from a handful of places and we're pretty certain that we know where it came from and, again, we're go

glenn hall, dow jones news wire editor, ceo and found irv 32 advisors. monica, let me start with you. the market -- we came off the lows for the day, but it was pretty clear an abundance of things concerning wall treat. but it's all a negative reaction. >> first day of the second quarter and the news is about to create jitters. corporations do well with the trade agreements that don't do well with donald trump constituents. charles: he said there would be repercussions if president trump pushed back against our unfair trade deals with steel and aluminum. we are talking intellectual property and trade secrets. hundreds of millions annually. >> it was completely chaotic. there was no policy directive. you are challenging nafta, amazon, it's a regulatory rule you have to be profitable. charles: the trade war with china is not factual, or the theft of intellectual property is not factual? >> let's focus on the theft of intellectual property. let's not make it about aluminum and steel. charles: we have them working on the list. >> what happened today? 125 plus produ

white water, spent $20-25 million and came up empty and rotated to the president in the paul jones case and monicaut monica lewinsky and had nothing to do with her when that started. you can see a situation here, very, very similar. >> except for the fact that he, in this case, you almost sense that robert mueller does not want to make the same mistakes ken star made. that's why when he found possible illegal activity, he kicked it to the southern district of new york. >> i think you are absolutely right. he was conscious of the fact he did not want to face criticism or the charge he was operating outside the bounds of what he was asked to do and had the foresight to do what you suggested. >> you only deal with new york. you have had no dealings with the special prosecutor at all? >> i'm not at liberty to say who we have talked to or not at this point. >> trying to figure out what authorities might unveil in michael cohen's, what they got out of his office and home, as it pertains to your case, focused on the payment to stormy daniel, one payment, whether or not it was campaign finance violation,