working women at the new york stock exchange could there be a new wave of competition for all those made in suits. and unions in africa stand up to chinese construction companies accused of exploiting their work has. been physical and let's do business it seems like they're both fighting. control of the u.s. federal reserve drug power is in charge but don't trump hasn't kept quiet as most presidents would about his distain for interest rates but powell isn't taking it lying down at an annual gathering of central bank is in jackson hole wyoming the fed chief signaled that he expects to continue raising interest rates if the american economy remains robust powell also said the fed needs to balance maximizing employment with keeping prices stable let's bring in our financial correspondent in frankfurt he is very interesting watching these two having these indirect a very public squabble about how to run an economy especially when trump was the one who had and power wasn't me. yeah exactly i mean when he decided to nominate powell and let janet yellen the previous has to go donald trump coul

the the youngest trader on the world's largest stock exchange. >> the trading floor at the new york stock e exchange. a w world still dominated by me. lauren simmons said she stands up or ththree reasons -- >> my story iss really speciall and unique becausese one, i'm te youngest on the floor, two,, i m female, and three i am minority. reporter: lauren moved from georgia to new york. she study genetics but has been fascinated by numbers herere she isis grateful for the e people o openen doors for her at t the nw york stock exchange. >> how i i ended up find in the new yorkrk stock exchange was througugh a mutual colleague.. and i knew right thenn and there i wanted to dodo it because, numbers is the universal language. it connects everyone. it only made sense. reporter: she'll never fororget heher first dateted the world'ss biggest stock exchange. >> i passed my test, i got my badge. i was able to ring the bell. so, that is going to forever be in my heart. not many people, even t the than on the floor can say that they rung the bell. i'm speecechless. reportrter: how did her family react

the trading floor the youngest trader on the world's largest stock exchange. the trading floor at the new york stock exchange worlds that still domination by men lauren simmons says she stands out for three reasons i think my story is really special and unique because one i'm the youngest on the floor to i am female and three i am minority learn moved from a town in the state of georgia to new york she studied genetics but has always been fascinated by numbers she's grateful to the people who opened doors for her at the new york stock exchange. how i know finding the new york stock exchange was through a mutual colleague of mine and i knew right then and there that i wanted to do it because numbers is a universal language it connects with everyone the only made sense to come down here she'll never forget her first day at the world's biggest stock exchange. i passed my test i got my badge and i was able to ring the bell and so that is going to forever be in my heart. now many people even the men on the floor can say that they rung the bell and i got to do that

stable for kids you must have two paul brits at the front but stock exchange public data shows that the block is quite strong and solid now with strong seeming to picking a fight with the e.u. is he perhaps biting off more than he can chew. well with two percent of interest rate and they used to be just in line they may. interest rates may actually be rising by the end of the three years so it's a good it's a good sign yes a question is here really picking a fight though with the e.u. if we imagine this to be a children's break played around which is you know kind of not so far away in his days he's been he's been saying names he's been pointing at a stone maybe but he hasn't thrown any tariffs at you yet he's been much less has the time with china with the tit for tat going back and forth but why is he to start that he'd be getting battled from two directions at the same time when both sides really of this conflict would be losing a fortune fortunately that hasn't happened yet ok so some words of caution there from brits from the front of stock exchange thank you so much. all right one

on block do you think block chain is really sort of if stock exchange aren't working on block change they're going to be doing so in the future. i think electrons malaki to work on stock markets this is money frankly because the the gold bugs who invented coin and things like that really saw the ledgers as being the problem and the banks effect wasn't village's it was creating far too much money irresponsibly that was the major problem but in terms of the other small contracts and bedded in digital systems. makes a fair bit of sense for exchanges certainly most of them it does for money and before we let you go you touched on a couple of these things dave i know that there is a two point four g.d.p. for last year prostrate but tell us a little bit about the australian economy it's pretty diverse right you mentioned mining earlier. it's not and finally in terms of diversity there's a wonderful service called the atlas of economic complexity driven by dot assad is the top of the university and that writes a stretch as being about as diverse as uganda in ethiopia it's got a very very now

car market aston martin confirms plans to list on the london stock exchange.s. you're with business live from bbc news. british newspaper publisher johnston press's half—year revenue fell 10% after major european changes to data privacy rules dented online advertising sales. still, the publisher of the scotsman and the yorkshire post did report a pre—tax profit compared with a substantial loss a year ago. let's get more details from our business correspondent, theo leggett. tell us a bit more about the numbers, because whenever you say the words newspaper publisher you assume they are struggling?m the words newspaper publisher you assume they are struggling? it is a cold, harsh environment for a newspaper publishers. the circulation of traditional print titles is falling. that is the long—term trend. everybody is moving into digital. it is a highly competitive environment and it is ha rd to competitive environment and it is hard to make profits. taking that into account, johnston press' latest results do not look too bad. they make a profit, including an opera

and i am sophie kamaruddin come life from the hong kong stock exchange for a trading debut. it is the first live tech company to take advantage of the newest --. ♪ rishaad: just checking on equities, climb being and breaking the losing streak that we had, we have a bit of an uptick taking place. like, ftse it looks china, features are looking about a half percent higher. nasdaq also on the way up, no doubt led by what has been going on with apple. let us look at the asian. markets, kuala lumpur and taipei, and we have gone alone par as the anomaly, down about .3%. all of this against the backdrop of this standoff between the u.s. and china. it is something which could be heating up again. will the trump administration propose raising tariffs on $200 to 25n of imports percent, from 10%, this coming hours after signals that the two sides are talking about talks to ease the rhetoric. we go to tom mackenzie in beijing. tom, how much do we actually know here? tom: what we are hearing is that this is a proposal from the u.s. trade representative, as you say, raising the tariff lev

company has had a turbulent ride in its eight years as a public company traded on new york's nasdaq stock exchange. mr musk says the deal would pay $420 a share and take the company back into private hands. he says he already has the financial backing. tesla shares closed nearly 11% up, valuing the company around $82 billion, and mr musk‘s offer represents a 10% premium on that. but why would he want to?

is still think the number one risk that everyone here in the market sees right at the front of stock exchange thank you so much for this. no. it is not connected to turkey or the current trade disputes but it affects money cash could soon disappear from the danish society already only one in five retail transactions in denmark is done in cash according to estimates car payments are far more common now the head of one of the country's largest banks has joined to the growing chorus calling for the country to abandon cash altogether cash cost money for retailers twice as much as electronic payments and it raises the risks of crime. just this year the danish government loosened its requirement that stores accept cash now they can refuse it after eight pm if you are bank branches meanwhile accept bills and coins the director of denmark's third largest bank has now called for a cashless society by two thousand and twenty five twenty four we believe there will be societal reductions in expenditures in the areas of lower crime rate lower money laundering rate lower drug crime rate lower enrichment ra

prices on both sides of the deal soaring on the syd ney sides of the deal soaring on the sydney stock exchangeralian predication sectors face of people from the rollout of a government owned nbn which is a dented internet profitability and driven price credibility into the market. they have given it the thumbs up to this deal, saint combining fixed and mobile assets, the new tpg will be in a position to compete with optus. if you take a look at the share price, they are really soaring. tpg jumping 15% while you have the tightly held shares to the highest level in ii yea rs. as shares to the highest level in ii years. as for telstra, its stock is rising by 2.5%. as part of the deal, tpg says it will spin off the singapore mobile business, separating it from the new merged company. it seems like this deal will materialise by 2019. thank you and nice to see you, ricoh. —— rico. now let's brief you on some other business stories: chinese made batteries failing to meet performance aims. tim cook, the boss of apple, has collected $650 million in apple stocks since becoming chief executive and has le

but it's there from the front the stock exchange thank you so much.well during his trip to beijing italian economy minister minister giovanni told a chinese newspaper that the object of office visit is to strengthen economic cooperation between the two countries to deny recent speculation in the italian media that the goal of his trip was actually to find new buyers for italian debt italy's populist government has promised to go on a spending spree next year they want to cut taxes and boost welfare without yet saying how they plan to reign in dead italy has the second largest debt load of all e.u. countries after greece. alright let's get the asian perspective on this particular issue we're crossing over now to linda hong a correspondent in single poor good to have you with us linda do you know of any investors in the region that would be interested in italian debt well italian debt seems to be quite not so attractive i mean if you look at it you look at the g.d.p. to debt ratio it's about hundred ten debt to g.d.p. ratio it's about one hundred thirty

we can bring in our financial correspondent for more on this now daniel corp's the frankfurt stock exchange and daniel china has said it's prepared to hit back with further tariffs do we have details on what. yes it all seems a little bit like kindergarten hell of a tree in those two countries first us president says i'm going to hit you with tears than the chinese counterpart they're saying they're going to hit back as well and china is the country is just very proud and they know they have this big potential so it's clear for them that they need to react so yes we are learning that possible tears could be including natural gas. turkey turkey's condoms yes you heard correctly condoms and helicopters and while china is saying that the u.s. tears are completely an over reaction of the u.s. president they are calling their all in ones actually reasonable and also cautious after a meeting with his u.s. counterpart one year the chinese foreign minister stated that china wants to keep negotiating but let me tell you have another topic is going to be also the number one topic here next week at th

hope big a deal these dots for the big companies that stock exchange really. i think for the biggest companies it's not that great a worry they don't have that great difficulties in finding qualified workers sure i teach people who are in short the men and juniors are sort of being looked for the better qualified the better of course but they don't have the same kind of worries the smaller companies do the big companies that are listed here they're able to pay excellent wages and benefits often bonuses of business is good enough they have social benefits they have all sorts of other perks and it's a different story with the smaller companies we hear lots of complaints from the middest on which is the backbone of the german economy of the german business world where really the bacon gets brought in and they are having. it's in some instances massive difficulties in finding the right people and even when they get up locations they find the people are not good enough it's a huge problem this could serve to alleviate it a little bit germany is ready to open its do

for causing ripples on the stock market moniker what's it looking like this morning well in asia it's not looking too good to brian ask can be expected the tit for tat exchanges hit markets during asian trading our stocks in shanghai hong kong and jensen slipped in early afternoon trading having said that no dramatic losses there as those towers of course were expected hong kong's hang seng was down north point seven percent and shanghai indices most of all twenty three percent of the chinese commerce ministry said it would amount to a legal challenge to the u.s. terrorists the world trade organization economists warn that the trade spats could spread and slow global growth through twenty twenty. all right well modest market reactions to those u.s. tears in asia let's check out europe the new group standing by a resident frankfurt stock exchange down the bring us up to date house trading going. well good morning from frankfurt well investors were already prepared for this scenario but are calling this also as a further escalation in this ongoing trade conflict investor told me this morning that we are far away from an agreement but probably because of the fac

that is something to discuss with our man at the frankfurt stock exchange or today outside the frankfurt stock exchange corp presidents normally don't criticize the fed but breaking rules is not exactly anything new with donald trump is it. yeah exactly monica well when you're the president of the united states you should be aware of a couple of things first there might be organizations or institutions like the f.b.i. or like the federal reserve in the united states that you might not agree worth but who can act completely independent even without your approval and in this interview donald trump has proven once again that he is either not aware of this or that he simply does not care and something what he said in this interview that he doesn't agree with the policy of the federal reserve is really considered in the financial world as a complete no go and it is also very surprising because it was donald trump himself who appointed jeremy powers as the new hands off the federal reserve after deciding that the contract of janet yellen the previous answer of mr powers would not be extended n

a company that's linked to the bridge collapse in genoa atlanta shares traded on the milan stock exchange their value plummeted this morning and trading was suspended twice atlanta is the parent company of out there which some are blaming for the disaster the italian government has threatened the company with heavy fines and is demanding it contributes to the bridges the reconstruction artist the artist says it conducted regular safety checks investigators have not yet established the course of the collapse. let's cross over now to our financial markets correspondent ali bacher standing by for us in frankfurt or you kept an eye on atlanta shares all day long how did that day end. well with a loss of twenty one percent not as bad as it was for some parts of the day but still meaning that so much value and the share was wiped out so the investors basically dumping the share at any cost because they fear that in the aftermath of this catastrophe that maybe even the business model of atlantic will be in question

at the front of stock exchange thank you so much . this un has launched a brand new electric kamado aimed squarely at the chinese market the government there has been pushing evil billet not least because of serious worries about pollution the new model will be built in china and the japanese make a hopes to gain a foothold ahead of foreign rivals but it might be the domestic companies it has to worry about. this is the first electric sedan that nissan has designed especially for the chinese market and it is now set to go into production in china a market in which no car maker wants to be left behind. china has one of the biggest market in terms of better right people from michael economy point of view and if you want to be in china or think we would have to go is how much we can the wife and i there's a lot of local suppliers in general with people who go there for that is what we have to do. like other global players meeson needs to produce electric cars in china to stay competitive on the chinese market they are the market is domin

nicole petallides on the new york stock exchange is following that. >> nvidia was a big leader on the nasdaq. it is up 56% in the last year. we're watching nor nvidia, applied materials, amat we call it. both of those are to the downside, excuse me there has been some selling in technology. i will show you some of the "fang" stocks in the 4:00 p.m. show. this group overall is a little bit weaker. nvidia should see 80% rise in earnings per share and 39% rise in revenue year-over-year growth. we'll watch for nordstrom which is higher maybe on the heels of walmart, not on the heels of jcpenney which is a big miss. back to you. ashley: nicole, thank you very much. we have flattening yield curves,. low unemployment, small cap stocks doing well, some are arguing that those are the warnings signs of a recession on the horizon. i hate to throw cold war on today's action the american consumer making a comeback. what does it all mean? ernie cecelia bryn mawr trust joins us ernie, everyone can find in numbers. there are lies, damn lies and there are statistics b

is a way to trade crypto currency used in the new york stock exchange but again people put more faith he observes in this anonymous guy named toshi nakamoto who's nobody has ever met and they do in the us fed which is a very powerful observation it's a profound statement i mean do we dole invented fire no but doesn't stop me from using it do we know who invented the wheel you know but it doesn't stop me from using it but the thing is you don't need to trust anybody you don't need to trust the toshi nakamoto you don't need to trust the person you're selling something to or it's selling your bitcoin to or trading your big point with because the block chain is is the distributor ledger is what you trust the math or what you trust so that's what you need to trust you don't need to trust that the maker of it no it's self evident and self realising they spontaneously self working protocol that is the turn wall street person into a big corner and that's like turning water into wine that's like turning loaves and fishes to feed the multitude you're taking a hard core. wall street monetarist l

with kate line and chase mayer just recently and this whole backed scenario with the new york stock exchange she billie's it's about the financialization of decline and that we're going to start seeing unbacked paper. bitcoin claims coming into the market and corrupting that price discovery like we've seen in gold and then there's a couple of ways that this could go or could not go any thoughts on that i have not had time to send to our podcast yet but i feel.

diane king hall is at the new york stock exchange with that and more. > good morning, anne-marie. well, stocks on wall street finished higher, breaking a three-day losing streak. health care and real estate led the gain. meanwhile the commerce department said personal spending grew another 0.4% in june. ultimately the dow rallied 108 points. the s&p 500 added 13 points. the nasdaq climbed 41 points. >>> some 30 million americans will have to come up with more money to pay their taxes next year. that's because employers withheld too little money, anticipating taxes would be lower. it made paychecks bigger, but they'll pay the price next spring. they were put together by the government earlier this year. >>> the troubled movie subscription service moviepass said it'sby $5. it still won't make moviepass profitable. shares slumped 38% yesterday, now trading below 50 cents a share. subscribers were locked out this past weekend in seeing the much app it is pated "mission impossible: fallout." they said, we're continuing to make changes to continue to offer our

emily: the market for high-end fashion -- going public on the new york stock exchange.k at the ipo so far and ahead. this is bloomberg. ♪ emily: this is "bloomberg technology." i am emily chang in san francisco. we are halfway through the year and we have seen a number of tech companies hit the public markets. all these are making their debuts if the pace holds, the number tech ipos in the u.s. will have returned to levels not seen since the tech ipo miniboom in 2013 and 2014. then there was the drought. how will the rest of the year play out? joining us now is ipos leader. you set down and said you spent the last several months just trying to tackle this market. what has been so unique about the last six months in particular? in particular has been exceedingly active. we have been waiting for this to come back. the last couple of quarters have been exciting. are definitely seeing technology companies themselves and tech enabled businesses in general really, really igor -- eager to get out. been in a strong economic market for a number of years and everybody wants to ma

diane king hall is at the new york stock exchange with more on that. morning, diane. >> good morning, kenneth. >>> u.s. stocks hit the brakes o on the longest losing streak since march. the tuesday rally was led by banks and retailers. the market recovered most of its losses from the previous two days. helping stabilizing the market was the turkish lyre. the dow jumped 112 points, the s&p 500 climbed 18 points, and the nasdaq climbed 51 points. >>> the moviepass report card shows a big loss. more than $83 million was lost ending june 30th. the company moved through more than $19 million if the first six months of the year. at that rate it will reportedly run out of month in less than three months. moviepass kicked off its deal a year ago offering movies for $9.95 a month. >>> meanwhile the royal bank of scotland agreed to pay $4.39 billion in that it misrepresented the type of mortgages it sold to housing investors during the housing bubble. that's the largest penalty imposed by the justice didn't for a financial error misconduct of a single company. th

the single tweet that froze trading on the stock exchange. >>> storm ranger is out scanning the smoke. i'm tracking where it's the worst and when we'll get some relief. >> i feel like he shouldn't come at all. >> not excited for b.a.r.t. to come to the south bay. tonight's warning from beat cops. the news at 6:00 starts right now. good tuesday evening. thank you for joining us, i'm janelle wang in for raj mathai. >> there's growing concern about b.a.r.t. trains that will soon be rolling into the south bay. >> especially with all the violence in the last few weeks. damian trujillo is live. >> reporter: this is the end of the line of phase one. >> behind me, this is the would-be berryessa b.a.r.t. station here in san jose. on the record, police in the south bay do not want to comment on any is security concerns with the arrival of b.a.r.t. but off the beat cops are worried the trains will bring crime with them. b.a.r.t. police just announced they're beefing up security on the transit system after a spike in violent crimes, including the murder of nia wilson at the macarthur station. >>

diane king hall at the new york stock exchange has more.d morning, diane. >> good morning, don. >>> the federal reserve is leaving the change for now. following its latest policy meeting officials suggest officials will keep raising rates as long as the economy stays healthy. the central bank noted the labor market continues to strengthen, and the fed has reached the target of 2% a year. they expect to raise rates again in september. that will be the third interest rate this year. here on wall street apple soared nearly 6%, its biggest gain in nearly a year and a half after ped 20% chiarongicphe onerthleem but stocks ultntimately finishet mixed. the dow lost 81 points. the s&p 500 fell nearly 3 points, while the nasdaq added nearly 35 points. >>> there's a 15% jump on the 10% tax proposed last month. china has refused to meet u.s. demands and imposed retaliatory tariffs on u.s. goods. china says it will retaliate if the u.s. boosts its tariff rate. >>> electric carmaker tesla lost more than $717 million last quarter, its biggest loss ever.

diane king hall is at the new york stock exchange with that and more. good morning, diane. >> good morning, nikki. >>> well, worries about global economic growth, particularly the economy in china, sent stocks on wall street lower. a drop in profit of the chinese stock giant surprised investors. now, in this country, retailers took a hecht after macy's reported slowing sales. shares of macy's, in fact, sank nearly 16%. meantime the price of u.s. crude dropped 3%. as to where the major averages finish, the dow lost is 37 point, the s&p fell 21 points, its biggest decline since late june. and the nasdaq dropped 96 points. >>> the canadian ecommerce shop shopify is banning merchants from selling some firearms. more than 600,000 businesses use shopify to sell goods. the list of items include automatic weapons and silencers used on semiautomatic weapons. shopify reviews and changes its rules from time to time. earlier this year major retailers including walmart's and dick's sporting goods changed their policy. >>> uber is still struggling to make money. sales

, wall street stock exchange and set up a company and get some more money than would otherwise be available. see, there's another problem. a lot of times people give the government credit, well, at least the government got people on the moon. can't deny that. but would the money have been better spent instead of going to the moon in '69 on research in rocketry and protection of people on these planets? well, i think so. just because the government did it and it was a success and even ayn rand who shouldn't have a -- applaud this because it's incompatible with her views, she applauded this. i was against that because it was premature. the market not only has spatial allocation, you know, we should grow oranges in florida and not in maine, but also a time allocation. namely, there's a right time to do things, and you do something premature, what you do is at the cost of a more rational time element toward the goal. >> host: but haven't we learned and been able to adapt from our spending at nasa and have experiments and products? >> guest: well, it would be amazing if you spent 19 -- $90 billi

diane king hall is at the new york stock exchange with that and more.od morning, diane. >> good morning, anne-marie. this morning china state broadcasters said it must counteract u.s. tariffs and has the means and the confidence to do so. china already announced it was matching the latest u.s. tariff move and attacks at 25% on some $16 billion worth of u.s. imports. the products range from fuels and autos. the u.s. plans to begin collecting 25% extra in tariffs on chinese goods august 2rd. >>> and also china's president xi jinping has asked them to increase output. it fell yesterday and has been drifting this morning. >> this morning tit for tat sent trades like boeing and caterpillar lower. ultimately the dow fell 45 points. the s&p 500 shed nearly a point, wh sdaq shed 4 points >>> the s.e.c. is investigating tesla's buyout bid. he announced the proposal to take the car company private in a tweet. he said the financing was secured. according to "the wall street journal," the s.e.c. is looking into musk's wording and method. if it turns outtas shy, mus

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anne-marie. >> diane king hall at the new york stock exchange.hanks a lot, diane. >> all right, thank you. >>> still ahead, joining together for a cause. why demonstrators are taking a stand on florida's speeches. stand on florida's speechers. ps tries to get in my way? watch me. ( ♪ ) mike: i've tried lots of things for my joint pain. now? watch me. ( ♪ ) joni: think i'd give up showing these guys how it's done? please. real people with active psoriatic arthritis are changing the way they fight it. they're moving forward with cosentyx. it's a different kind of targeted biologic. it's proven to help people find less joint pain and clearer skin. don't use if you are allergic to cosentyx. before starting cosentyx you should be checked for tuberculosis. an increased risk of infections and lowered ability to fight them may occur. tell your doctor if you have an infection or symptoms of an infection. or if you have received a vaccine, or plan to. if you have inflammatory bowel disease tell your doctor if symptoms develop or worsen. serious allergic re

diane king hall is at the new york stock exchange with that and more.morning, diane. >> good morning, anne-marie. well, tesla's ceo elon musk is considering taking his company private. he sent out a tweet shocking shareholders. he said tesla's shares have been subject to wild price swings which has been a major distraction. musk says no final decision has been made, but he did say shareholders could opt to remain as investors or be bought out at $420 a share. it closed at $379.57 a share. >>> on wall street, more strong second quarter earnings fueled optimism about the economy. that led to solid gains in tech. industrial and banking shares. the dow rallied 126 points. the s&p 500 added 8 points. the nasdaq rose 23 points. >>> today the new york city kounlt is considering a proposal to put a one-year cap on the number of new licenses for riail iee and lyft. new york would be the first to do that. uber, lyft, and other ridesharing companies have heavily impacted the cab services. cab services support this, but ridesharing services have been an important p

for "nightly business report," i'm bob pisani at the new york stock exchange. >> bob rosen blublum joinsand what he means for you and he's the director of exchange-traded funds at cfra. it's great to have you he, todd. welcome back. >> we posed the question in our meetings whether this is a race to the bottom in this particular part of the financial services industry. what do you think? >> yeah, we're there. fidelity offering a zero fund ths will launch tomorrow big deal. the asset management industry has not wanted to break the seal and they've done so and if you're a mutual fund fan you cae get for fnd if you want other product, the fees come down sharply at fidelity the same wayor it has other firms which is great for investors. >> because there is the move anr has been a number of years now toward passive investing, indexnvesting as opposed to active management. what happens to active management now? >> well, we think they really need to differentiate emselves. one, we hope to see fees coming down for actively managed mutual funds. you really need to price yourself against a zero or

wendy gillette is at the new york stock exchange with that and more. od morning, anne-marie. stocks on wall street jumped on news that china and the u.s. will hold trade talks next week, their first since june. but white house economic provider larry kudlow warned beijing not to underestimate president trump's resolve to push for changes in china's trade policies. the dow jones industrial gained 396 points, the s&p 500 climbed 22 points, and the nasdaq composite finished 32 points higher. >>> shares of walmart rose amid its strongest sales growth in more than a decade. walmart boosted its online sales by 40% last quarter and is benefitting from a stronger job market and stronger consumer confidence. home depot, macy's, and nordstrom all raised their forecast this week. >>> a generic version of the emergency allergy medicine of the epipen has been approved by the fda. two years ago epipen maker mylan was berated by congress for hiking the price by more than 500%. so far no hike on the generic version, which will be sold by teva. >>> and kroger is testing

diane king hall is at the new york stock exchange with that and more.ing. >> good morning, talks to renegotiate the nafta agreement resumed this morning in washington. now speaking last night, mexico's economy minister said the talks over the future of the north american free trade agreement were advancing. bilateral negotiations between the u.s. and mexico focused on the auto industry. president trump called the 24-year-old trade deal a disaster for american workers. meantime, fed chairman jerome powell is defending the central bank's push to raise interest rates. powell signalled more were to come despite criticism from president trump. on wall street the rally continues. the dow jones industrial average dropped 133 points on friday. the s&p 500 gained 15 and the nasdaq picked up points rising to record levels on friday. >>> a deal to take the electric car maker tesla private is off. this follows confusing signals aet thi month he said that tesla was secured and tesla may go private. stock shot up 11% that day. then came word the wasn't locked down ov

diane king hall is at the new york stock exchange with that and more. diane. >> good morning, anne-marie. this morning, china's foreign ministry expressed strong dissatisfaction with the new u.s. defense act and its impact on chinese companies. president trump signed the $716 billion defense spending bill yesterday. it includes controls on u.s. government contracts with two of china's largest telecommunication firms, zte and huawei technologies. u.s. intelligence agencies say they are security risks, but the controls that passed congress are weaker than in earlier versions, which concerns lawmakers on both sides of the aisle. >>> the decline of the turkish national currency sent financial shares lower and pushed the dollar higher. that hurts big u.s. exporters. so, in the end, stocks lost ground on wall street. the dow fell 125 points. the s&p 500 lost 11. and the nasdaq dropped 19 points. >>> and lawmakers say they want to increase oversight of data collection practices of tech companies following a report that google continues to collect user location

from the new york stock exchange, i'm bob pisani from new york stock exchang >>> ahead of tomorrow'seadline being pushed by washington. as negotiations intensify, the canadian foreign minister says she's optimistic. >> we continue to b encouraged by the constructive atmosphere that both are bringing to the there is a lot of good will. there's a lot that we're trying to do in a short period of time. wooe working very intently. >> separately, the president reatened to withdraw from the world trade organization if it doesn't, quote, shape u in an interview with bloomberg, the president criticized the treatmen of the u.s. >> the effects of the trade disputes are being closely watched by warn buffett, but what does the influential billionaire investor have to say abt stocks as they sit near record levels. in aon one-o interview with becky quick, she asked mr. buffett if she thinks the market looks expensive. >> there is no question you will do better, only stocks. it's considerably more attractive thanixed income securities. that doesn't mean they'll go up or down tomorrow next week or ne

injects ——index and the new stock exchange injects —— index which looks at tech stocks has been buffetedservices such as the eye cloud, music, the iphone watch, and the pots, i think they are called. they have really helped those revenues. it will be interesting to see how competitors meet that challenge in the next six months because it's a very competitive market. it is really competitive. when they launched the iphone can, which we all call the iphone can, which we all call the iphone x, and the other iphone eight, many argued the price isjust too high. the iphone x is $999 yet they are selling a lot of them. people are prepared to pay and interesting to see where. predictably, japan and the developing world but when you look at the lot of the emerging markets, some of the cheapest smartphone is a much more popular. things like huawei. the next 18 months will be interesting. it will be. more in our news briefing and on our business programme in 20 minutes. women wearing the islamic full face covering — known as the niqab — in public in demark will now face fines of up to $150. but a s

wendy gillette is at the new york stock exchange with that and more.endy. >> good morning, anne-marie. president trump took a swipe at the federal reserve and its new chairman, jerome powell. the president said he's "not thrilled" with recent interest rate hikes. in an interview with reuters, he also said the central bank should do more to help him boost the economy. the fed raised interest rates twice this year and is expected to do so again next month. the president's rarely criticized the fed. its independence is seen as vital to economic stability. the president picked powell to replace janet yellen last year. >>> on wall street, consumer-focused companies finished broadly higher. some of the nation's largest retailers posted the biggest gains. macy's led the way, gaining over 6%. kohl's rose over 3% and home depot climbed 1.2%. overall, the dow jones industrial average gained 89 points. the s&p 500 finished six points higher. tech companies lagged behind the broader market, holding back the tech-heavy nasdaq composite. it ended up gaining four poi

but it's there from the front the stock exchange thank you so much.fog sodden submission scandal is far from over and to make sure it doesn't happen again u.s. government appointed lawyer larry thompson is keeping a close eye on the german comic. and his first annual report is called for greater transparency at the company but fox wagons lawyers don't want to share certain information with thompson who wants proof of the carmakers complying with agreements made with u.s. authorities we remember that b.w. admitted to the u.s. justice department that it cheated authorities and customers with manipulated to diesel exhaust emissions data. and here we are b.m.w. because construction work on a new b.m.w. plant in eastern hungary is set to begin next year the german car maker hopes to produce one hundred fifty thousand cars a year there b.m.w. of course follows other big automotive powerhouses like air miss a day center allergy who've had plans in hungry for some time now concerns about the area and governments disdain for the european union haven't faced th

we can bring in our financial correspondent for more on this now daniel coupes the frankfurt stock exchange and daniel china has said it's prepared to hit back with further tariffs do we have details on what. yes it all seems a little bit to be like kindergarten hell of a tree in those two countries first the u.s. president says i'm going to hit you with tears than the chinese counterpart they're saying they're going to hit back as well and china is a country is just very proud and they know they have this big potential so it's clear for them that they need to react so yes we are learning that possible terrorists could be including natural gas peter turkey turkey's condoms yes you heard correctly condoms and helicopters and while china is saying that the u.s. tears are completely an over reaction of the u.s. president they are calling their all in ones actually reasonable and also cautious after a meeting with his u.s. counterpart one of the chinese foreign minister stated that china wants to keep negotiating but let me tell you had another topic is going to be also the number one topic her

now let's get more from our markets man paul britt standing by a different for a stock exchange falls germany's second largest bank amounts one could even be ousted from the dax index and be replaced by one of its new competitors from the tech sector how do we come about how do we get to that point. yes chris of that decision it seems very likely it's up next week and that would be a strong sign of the demise of the german banks that isn't just happening now that's been happening for a while because effectively the german institutions have been sleeping through digitalisation and not focusing on that now small fast companies like wire card which is likely to replace correspond are rising they're focused on e-commerce on credit card payments and mobile payments and they're now the new stars unfold with all that stiff headwind from new players on the market how do banks want to address this growing competition. the banks are behemoths their huge fifty thousand people roughly work for a commercial bank and that's their advantage but also their disadvantage advantage they've got lots of c

and for more let's cross over now to our financial correspondent of frankfurt stock exchange on that is. well first of all turkey as we just learned can look forward to a windfall from qatar what more do you know. qatar and there was speaking to the president every one of turkey and turkey and qatar are close or have become close economic and political allies and the emir has promised fifteen billion dollars worth of investment in turkey and government sources says that say that that's to be implemented rapidly and that it's to go into the turkish markets and the financial sector into banks and of course this means two things fifteen billion dollars is a lot of money the country can use and it gets foreign currency to boot and. symbolically important turkey does not stand alone with this it has partners who are willing to put their money where their mouth is. talking while staying with money i mean we've heard that the turkish lira has been covering steadily over the past two days but the euro hit a one year low today is all connected to talking. it is it's collateral damage if you w