n.w. siemens a lot of other larger companies warning threatening that they would drastically scale back their investments and generally their presence in the u.k. in case of a heart break said now that seems to be a little further off the table and i want to just make clear how important that is to the business is by just quoting what we just heard from the director of the confederation of british industry she says the number one priority for british firms in terms of trade is the european union and she says further unless and until you have an alternative way of reaching frictionless trade a customs union is the right answer so very clearly. businesses are elated here so not a bad day for business. talking to us from the frankfurt stock exchange thank you so much. turkish president richard type add to on is preparing to be sworn in today and investors are wondering what to expect as he takes on expanded powers in his second term in office turkey's economy has struggled since the attempted coup two years ago which raised questions about the country's stability the lira has tumbled and growth