i think the street has gotten around to understanding it however we think that rwe's valuation is noty reflecting the fact it will be this renewibrenewables company >> i know you had some question marks around the dividend of rwe. today the company confirming that payout. >> our forecasts are quite positive for rwe's payout looking ahead. especially once it gets the renewable assets it's good what the company expects that this is not the end of the road. >> this is an extraordinary series of events that see eon and rwe swapping assets over the years. they have done it on the backdrop of climate change and the business model is what i have a real concern with going forward. you see the big european utilities. looking at the big projects still when many people see the future of energy production is small scale. it's about a micro production going forward. feeding into the big grids do we have to be concerned about the large scale capex investments? >> these companies are no longer making those large cape capex investments. the only thing they are investing in is large offshore wind farm

as we know, you are well below the highs of 2008 at what is behind the ascendance of rwe and wire young the leaderboard this year and deal expect that to continue? >> we have to admit it is partly a rebound from the decline we have seen especially into 2016. i have seen the markets appreciating the reorganization of the group and solving different problems step-by-step. there is a clear plan into the future transforming in one of the predominant players that gives the company a long-term future. i think that is what we are playing out now. mark: a final question, a month or so ago, the german political backdrop was rather fragile with the coalition bickering over migration. you read the political backdrop right now in germany and how that is asked is this in ?he nation in general >> a think what we experience in split and it is more makes government on the federal and state level more complicated. that is rekindling their decision authority. energy, wee back to need urgently to know how to go for additional renewables cause -- because otherwise, 65% 2013 is not achievable and these de

earnings largely in line with analyst estimates, bolstering finances in the retail business of the rwep with novo low disk prices continue to be a thorn in the side of novo nordisk, the world's a guest maker of diabetes drugs. the danish pharmaceutical company expects changes in the medicare cap program and weakness in the insulin market to push average prices after rebates lower 2019 over relying ,n demand newer diabetes drugs along with obesity medicine, to counter pricing pressure in the united states. which is a horse its biggest market share, down by 6%. that's a look at european market. vonnie: the dollar has consolidated around the 10 year yield, trading in that range. of orson has been quiet in the summertime. trading has been less frenetic than usual, but we are still at the tube and seven range. interesting action from oil, lower by 3.4%. obviously inventories were lower, but not quite as low as anticipated, causing that reaction. the yuan is trading at 6.829 on that action from the chinese authorities stabilizing the one. , oilomplex is mostly lower inventories really having

this is a comfortable lead for rwe. now concentrate on the business of generation.urden.ces the debt that was one of the top lines coming through here. anna: picking up on the breaking news. we have numbers hitting the bloomberg. first-half net income for this 561 million swiss francs. they have also named a new cfo. rate.get to the risk we will show you where we are with equity markets in the asian session. steady in the first half of the day. asia-pacific up by 4/10 of a percent. japanese markets not weighed down by the strength of the yen. chinese data was pretty weak. a bit of a rough patch. retail sales in the industrial production coming in weaker. we are pretty stable on the dollar. i put the gold price at the bottom of the screen. it did not rally yesterday. move is offsetting the haven status we have seen. we have lost 8.5% on the gold price. we see some weakness in the turkish lira. nothing like the size of the moves we were seeing. this diplomatic resolution with president trump seeming as far off as ever. there are no talks and there will be no talks tak

will focuseal, rwe on power production. thank you so much.my hit a rough patch as effects curve and risky debts collided with the rest of the world. joining us now is bloomberg's executive editor of china ubs,my and donna kwok of senior china economist. great to have you on the program. is this a slowdown to be concerned about at this point? >> it is a big day for chinese data. we are seeing signs of slowing. that is not that huge of a surprise when you look at the trade war's internationally and domestically, although they are pivoting away from this deleveraging camping. does china's economy have the firepower to withstand the wrapping up of a trade war with the -- ramping up of a trade war with the u.s.? it depends on how you define a trade war. we are already in a trade war. at the end of the day, the softening data we saw in july is still coming from domestic headwinds. the domestic policy of the chinese government is self-inflicted. if donald trump imposes more than just 25% on the next $200 billion of goods, and this is not our base ca