. >> we will also look at the frankfurt book fair and some celebrities who dropped in for it. stick around. >> welcome back. we turned our attention now to new tension in the western balkans, an area of bosnia and croatia where thousands of families live off the land, which is now under threat. >> the row has erupted along the river that flows through both countries. farmers are angry about plans to tap the system for new hydroelectric power systems further upstream. >> not only could it harm farming communities, the world wildlife fund has warned the government of bosnia and croatia of a devastating impact on one of europe's rare wetlands. frank has this special report. >> the river flows peacefully through its delta down to the adriatic. it reaches croatia after winding its way through neighboring bosnia and herzegovina, but these waters are under threat. this environmentalist is paying a visit to people who live in the croatian part of the delta. most people here grow fruit and vegetables or work in the tourist trade. >> i am trying to live like my father did, but for how mu

better than expected economic data from the united states pushed stock prices of words here in frankfurtalso bit unexpected were quarterly earnings reports, the ones from walmart for example. shares of siemens made an exception, though. they were among the losers on this thursday. siemens says its ceo announced job cuts and cost cuts. profit targets which they had set might not be met within the timeframe that siemens had imagined. >> let's take a quick look at the numbers now in frankfurt. the dax ended the day up by more than 1%. europe -- euro stoxx 50 up by 1.25%. the dow jones almost flat. the euro trading for $1.2929. is there such a thing as clean and affordable energy? >> good question. germany's environment minister believe so, but he says the country has to completely rethink the way it subsidizes renewals. >> with elections due next year, the rising cost of electricity has become an issue. environment minister is calling for a government overhaul of renewable energy. he says current policy favors quantity, not quality. >> we need the appropriate instruments to ensure that the

. >> i am joined by our correspondent from the frankfurt stock exchange. it looks like a volatile day on the markets. how was the troika meeting impacting stocks? >> investors are worried about a probable hair cut. german taxpayers would be hit most by that. greece owes germany about 40 billion euros. if there was a hair cut, that would have a bad effect on the german budget. further on, investors also fear this probable hair cut would lead to the fact that investors lose their confidence into the european bond market in general. >> we know that hurricane sandy has brought wall street to a virtual standstill. how is that storm affecting uropean markets?m affecting >> first, of course, there is no impact. investors are worried about the damage that sandy might cause. airline shares are down. re-insurers are hit hard. the tax is down by nearly 1/2 of 1 -- the dax is down by nearly 1/2 of 1%. the euro stoxx 50 is losing by nearly one-fourth -- by nearly 1%. >> thank you for that update from the frankfurt stock exchange. do not go away. we will be back with lot

coming up, the frankfurt book fair opens in stores. new zealand is the guest of honor. >> first, a roundup of other stories making headlines. in the damascus suburb, when suicide bombings at an air force base. a militant islamic group said it carried out the attack. the group says the air force contract was used as an interrogation center by the regime. >> the united nations secretary general has called on the syrian regime to declare a unilateral cease-fire. ban was in talks with french president francois hollande, and he also called on syrian rebels to uphold the cease-fire. activists say dozens of people died in fighting across the country on tuesday. >> 1/8 of the world's population is chronically hundred according to united nations food agency report. the number of hungry people has fallen from earlier estimates, but the agency says rising food prices around the world could reverse gains in the fight against hunger. >> an announcement comes two days after south korea struck a deal with the u.s. to extend the range of its missiles.

our correspondent has more from the frankfurt stock exchange. >> the heavy slump on the european car market was the only bad news. in general, the mood was very good. investors are getting more optimistic for the german economy, and lots of positive u.s. corporate numbers fueled the mood. goldman sachs profit rose much higher than expected thanks t the strong investment banking. shares of banks could profit from these results, driven also by speculation that spain may get help very soon. >> let's get a closer look at those gains on the global market. we stick in frankfurt where germany's benchmark tax is higher on the day. it was nearly 2% higher. as for the euro stoxx 50, nearly 3% higher. the dow jones is nearly 0.75% higher. >> several non-governmental organizations in berlin have called for more financial transparency for german politicians. they want to make it a prerequisite for parliamentarians to show whether cash comes from. >> the german parliament has rules for this, but exact details are not clear. the debate was spurred by the designated candidate for chancellor of the s

let's take a look at the number is kicking off in frankfurt where the dax -- it finished the tuesday session down by more than 2%, taking quite a beating there, done at 7000 -- taking quite a beating there. across the atlantic on wall street, the dow is currently down by 1.6%. the euro trading lower against the dollar at a value of $ 1.2976. we have this report of the tuesday trading session from the frankfurt stock exchange. >> not a good week so far. it has only been in one direction -- downwards. the positives accumulated in the before is more than used up. when you look at the dax individually, not a single shares in the green zone. they are all in the red zone. the problem is from the companies themselves. not the german companies, but for the americans, companies that have reported so far in the past quarter have either reported in a mixed way, or they have out right disappointed, and that is a problem because now people are nervous. before the numbers are not true, the people here will be waiting. >> the german engineering industry has weathered the euro crisis remarkably well

the economy is expected to shrink by 3.3% and unemployment is at 15.9%. trading in frankfurt was quiet as a result of the public holiday. our correspondence sent us this report from the frankfurt stock exchange. >> the traders, like traders anywhere, are always looking for direction, always looking for something to point them in the right direction but they did not find it this day. there was mixed news from the eurozone, greece still in trouble and portugal with much -- a much better situation, testing its viability in the financial market. the dax going up and down as a result. factoring in economic news from the united states, which was also mixed. some good, some bacteria and waiting for spain to make a decision on whether it would take help from the european bailout fund. it hopes to get an explanation, perhaps, from mario draghi, the president of the ecb after the central bank will have met. >> let's take a closer look at some of the market members. teh dax close the day almost a quarter percent up. the euro stoxx 50 close to just a tad down at 2492. across the atlantic

time for the markets now, and our correspondent sent us this report from the frankfurt stock exchange>> investors at the financial markets normally appreciate job cutting programs if they make sense. if they look up ubs, they might think that these job cuts makes sense because the numbers show that ubs has got to do something. the restructuring plans led to a rally of ubs shares. they have been the big gainer in zurich and also here in frankfurt, where financial shares set the mood after deutsche bank reported numbers that have been better than expected. also, allianz shares rallied. the insurer has been able to raise its forecast. >> let's take a quick look at some market numbers. the dax ended the day up over 1%. you're a s -- euro stoxx 50 closed 1.5% up. wall street is closed today because of hurricane sandy. the euro is trading for $1.2961. >> oil giant bp posted around $50 llion in profits, beating analysts' predictions. the profit jump came despite a drop in production compared to 2011. >> revenues also sank to 72 billion euros. bp expects to boost production in the fourth quar

our correspondence sent us this summary of the action from the frankfurt stock exchange. >> good news from the american economy that really brought the dax up to speed. it turned around and started gaining and held those until the end. the fact that the german consumer confidence was at a five-year high due to stable incomes and a labor market was not an issue here that really propelled share prices forward. for the week, the picture is different. the dax losing about 2%. people worried about the debt crisis and above all its effect on individual companies, and investors could see what effect that had in many quarterly results that were published this week. next week will be above all the results of the deutsche bank that will play a big role here. >> we stake in frankfurt for a closer look at friday's numbers. the dax finished the week at 7231, up 5.4% on the friday trading session. -- up by more than 0.4% on the friday trading session. the dow jones trading slightly higher at this hour. the euro trading at a value of $1.2936. unemployment in spain had a new high with the jobless rat

our correspondent sent us this summary of the action at the frankfurt stock exchange. >> germany is still better off than many other countries, especially in europe. the traders here in the stock market foresee that. they appreciate it. at the same time, they see that ththvereign debt crisis is making its mark in a negative sense. they see that in the companies that are reporting. that is the main reason why the dax went down near the end of the day. especially hard-meeting news from upon united states -- hard- hitting news from the united states, google, caterpillar, the world's largest tractor and construction-machinery maker. they had a record profit in the third quarter, but they are looking more pessimistically ahead. that affected the trading here. especially because there are more company reports expected later in the week, for example, from daimler-benz and volkswagen. >> we will stay in frankfurt for closer look at the numbers. the dax finished monday down by 7/10 of 1%. euro stoxx 50 also sliding, going into the end of monday, down by 4/10 of 1%. the dow is off by 6/101%, but th

our correspondent has more from the frankfurt stock exchange. >> the heavy slump on the european car market was the only bad news. general, the mood was very good. oraror icony, and lots of positive u.s. corporate numrsued strong investment banking. tiayget help very soon. >> let's get a closer ir' benchmark tax is higher on the day. it wasur stoxx 50rly 0.7 higher tians. th wt toake its for ts,ut ect deilare no car thpart ny pplfeheubc sinue' jt w -olc caer heaslsma goodonntrspen iertial ppt secionstuon tn moac sfe, igo thbd aiho mu tyard tse licsnd wt r.heouesan- rrtiaw w cinupfttoal tpelen oos aians os kenwenau ia ge tu >>elmeac >> cuba is gra i cizs from february of nextea - jaar rher- cubans will be able to leave thesld wiouanxipeit the foreign ministry sd ty llll pspt. and they will be allowed to stbrdonr anefe. of did two years. e rorisarf psint ronald castro's attemptso deiz ca- president raul st' attpts to merze ba >> what ledo iseaioy e cuban govnment to popular desires to travel? ca ithmit of a major change right now? >>. t ihe pross of a gradually coroedhae ths t t mraon

. >> i am joined by our correspondent from the frankfurt stock exchange. it looks like a volatile day on the markets. how was the troika meeting impacting stocks? >> investors a worried about a probable hair cut. anpayeld germa a he budget. lose their confidence into the wall street to aketnehu virtual standstill. e, there is no impact.rline ar are dn. 2 of 1-hero s 50 losinby >>ha y f tte wteou i int faltrch boengy iepdee s bn g pi reblanredeia caide ttomyayife ldsndffhe.s eaoa thp oi athahe sources of per. eaowas siminof lisna dve aun batia b at high speed. out is hard to tell, in he ow dn r m apg --aty 2010, t oil spill ncth, i a shrp ki without shrimp. that goes through here. th o dotete t boom anytime the shrimp comehr iso o. >> on grand ie,he i o asar a the eye can see. we areead e t gu' myilig dean steer tou the petroleum slisvering the surface. he is not againstoslue noud] bie i o. lf my family is in theil siss i bie iheap energy. the problem weot i wl mpiegosoighe bgh ou all our regulatory ancs d ug ualou politicians. >> according toea, corruption,

so as you saw from that video there was nobody there in the audience in the middle in the heart of frankfurt and today however look at the headline max german court demands bundesbank audit sovereign gold holdings so the german court of auditor's the. cough has demanded that the bundesbank undertake an audit of its gold reserves in an audit the fed style effort the court wants to ensure that the nearly three thousand four hundred tons of gold is in fact in existence because stocks have never been checked off then to see or wait that's according to the buddhist bank what they told the corps is they've never felt it necessary to actually audit the gold even check that it's there because they trust the bank of england the us federal reserve bank of new york and the bank of france for all their gold is very well the bank of england and the new york fed have been to lending that goal that out to support the really hypothecation schemes that created the multi hundred trillion dollar bubble so i think germany will be shocked to find out that their gold doesn't exist any more they're going to buy it

our correspondence sent us this report from the frankfurt stock exchange. >> the german stock market is still in excellent shape, and this is mainly because of the fact that german companies are reporting results these days, and most companies report results that are far better than expected. for example, the balance sheet of one health care company looked very good today, but the best numbers came from the funds it today. the airline reported earnings that have been far above expectations. further on, the cost-cutting program is not that expensive, as people expected. this may lufthansa shares the leading gainer on the dax, although later on this evening, some profit-taking started. >> taking a closer look at some market numbers now, the dax closed 1/3 of 1% down. euro stoxx 50 ended the day 0.5% down. across the atlantic, wall street has opened again. the dow jones is going up just a tick, and the euro is trading for $1.2966. >> general motors has reported a profit slowdown. the company has announced its third quarter results, and profits were down 12% on a year ago. >> now gm is b

. >> record unemployment is the last thing the financial professionals here in the frankfurt floor wanted to hear. it increases the pressure on heads of government to go slowly on their reform and their austerity programs, and that could endanger the promises for financial help. that creates uncertainty. that is something that the markets here do not like to live with. still, the share prices went up board -- went upwards, and how. concentrating on a little bit of good news in the industrial sector in the united states and in the eurozone, not really good news, but at least not as bad as feared. >> let's check out those strong numbers across europe. the main german index, the dax, making up a good deal of last week's losses. things had turned bad for a while. a major turnaround today. financial shares impressed the most. the u.s. stocks -- the euro stoxx 50 outperformed the dax. over to the united states where the dow jones is also beefing up its value. it is over the 13,500 mark now. still trading with the euro up. it is getting extremely close to that 1.29 mark. >> and the deal is seale

the banking deal out of europe. our correspondent has more from frankfurt. >> traders on the frankfurt floor do very much work under a common european supervisor and have supported the idea from the beginning because european banks are strongly in tangled, but bank shares have been heavily under pressure due to a very pessimistic verdict from u.s. ratings agency moody's, which expects hard times for german banks and warns they are not as crisis-resistant as institutes in other countries. it put pressure on the dax, but the german dax was also under pressure after a very successful week due to very disappointing results from the u.s. >> let's get a closer number at that -- a closer look at those numbers. it was a down day for the tax, ending its winning streak because of concerns about europe's banks. it was a similar story for the year of stocks -- the euro stoxx 50. trading is still under way for the dow jones industrial average, and it is being dragged lower by disappointing corporate earnings. the euro is trading for $1.3021. and suddenly, today is the 25th anniversary of the stock market crash of 1987, known as

our correspondent sent us this report from the frankfurt stock exchange. >> inflation has spiked. it is a surprising development. one that has probably prevented the ecb from lowering rates in the eurozone in this month of october. what is more, mario draghi, the president of the ecb, does not expect inflation to come down significantly until next year. still, though the economy is in recession, perhaps rate cut are still a possibility in the eurozone. nonetheless, the situation irritated the markets. the stock market was not able to do much. it did strengthen the euro. that really went up, probably not least because of the statement also by mario draghi that the ecb would be ready today to start its bond buying program -- if spain does request help from the esm and fulfills the conditions. >> let's take a closer look at the numbers. the dax ended the day 1/4 of 1% down. euro stoxx 50 slowed about the same amount. across the land to, the dow jones is currently going up -- across the atlantic, the dow jones is currently going up. >> italy is sitting on an even bigger mess -- mountai

level that is our target and now back then in two thousand and eight when you were there in the center frankfurt asked telling the people that they should hang on to their gold of course everybody assumed that they had gold they thought they had the shorts on now in the ocean and the tide has gone out which is the financial crisis and the germans found out that they actually don't have all that gold that they felt so secure holdings well just like the german banks got hoodwinked by wall street by selling them junk bonds that moody's and s. and p. had given aaa ratings to that was a scam that was a scheme to defraud german banks the german people however have a tremendous sense of guilt so they didn't focus on this they didn't want to rekindle the whole sixty years worth of german bashing so they allowed themselves to be sold toxic sludge from wall street wall street of course playing down this they gave junk bonds aaa rating they ended up in the blender spanked and frankfurt in german banks and european banks now to add insult to injury wall street is saying you know you don't have your gold i t

higher deutsche bank up more than two percent of the close in frankfurt and on the currencies market we're seeing the euro losing value slightly against the dollar that's after spain's prime minister said that the bailout is not imminent and the russian ruble also lost value against both currencies the r.t.s. and m i six had a bad day actually with the obvious dropping more than one percent that's on the back of lower oil prices but the bank was higher as announced it's they're buying an insurance business next year now russia's leading airline air flights is suing its a base and home ports sheremetyevo now the carrier queues is the airport of ruining its reputation and once the head of should have made it to be exact their flood says an unexpected repair of the runway caused flight delays and cancellations and the problems are continuing. shouldn't. use today once again we had so many flights the lead this is not our fault we were not warned about the repair of the runway and we had already sold tickets as a result we've had to cancel more than sixty flights until mid october

asset to the british economy people have been saying that frankfurt will dominate for the last twenty years i'm old enough to remember when the euro when we didn't join the euro one of the only ones for britain joining the euro was that the other if we didn't join the euro frankfurt is going to take over that didn't happen the city was very successful now i'm not saying that everything in the city worked but i'm not saying that it was it was the best possible outcome for us but we can't kill the golden goose is no point trying to slip the golden goose is throat when you go you know you've got to you go to preserve it so that they can lay golden eggs this reminds me of a woody allen jet because the doctor says dr my brother thinks he's a chicken and the doctor says take these pills little kara the guy says no no you don't understand we need we need the eggs we do you know say ok you need the eggs a fraud that brought a little. food i mean to denounce the whole yet there were food and things that were buying things that happened but to say that the whole thing was well. it's wrong as fo

today you can see we've got a bounce in the frankfurt listing of the stock, up another 1.6%. >>> reportedly close to a deal to sell up to $6 billion worth of its assets in the gulf of mexico. they have narrowed down the talks to three possible buyers. here's a look at their shares, currently up 16%, versus an overall performance years to date of just over 4%. >>> it's a busy week in the u.s. ipo market with six deals set to price. three companies will make their debut today. life lock, which provides identity theft protection, is priced at $9 a share, that's below the expected range. it will trade under the ticker lock. javelin at $20 a range. the real estate investment trust will trade under the nyc under the ticker jmi. as for the third one, a british maker is priced at $10 a share, below the expected range. it will trade under the symbol lxfr. so three newbies to take a look out for today. >>> best buy founder richard schultz is pushing ahead with his possible $11 buyout. reuters reports he and at least four private equity firms including apollo and tpg have started examining the company

i'm greg gutfeld or as i was known in germany, the frankfurt flasher. now to andy for a pre game report. >> our top story tonight, as donald trump issued the classiest presidential challenge ever? the allstar debate ahead. and will a tv movie about the killing of bin laden turn that a propaganda against president obama? and what is mitt romney's secret to a great tan? the shocking buzz feed expose that some say will changing the very course of american electoral politics forever. greg? >> easy for you to say. andy, how about those giants. >> how about those giants, 5 and 2, baby. >> what are you talking about? >> 5 and 2. >> i was talking about really large people. >> i have -- we shouldn't get that it now. >> the san francisco giants, a group of really large men that live in the bay area. i go there and stay with them sometimes. >> do you really? >> they are great. >> castro or hate? >> all over the castro. why go anywhere else? >> i hear you, buddy. >> clothing optional. go away. >>> let's welcome our guest. she is so hot that girl scouts roast marshme

the sec. robert jackson had served as attorney general, and felix frankfurter, as i'm sure you know, had been a harvard law professor. i happen to believe that that breadth of experience was quite good for the court. i think it enlarged the personalities of the court and enriched its debate. i think it's unfortunate that the confirmation process, i think, has -- and the difficulties of the confirmation process have tended to push presidents in recent years to appoint more professional judges who are quite capable, and so i don't say that to disparage them individually, but i do think it creates a narrower, less ambitious and less free-thinking court than the one that warren inherited. i think the warren court benefited by the breadth of those justices, not just warren. what else? surely, i'm used to press conferences. yes. >> have you discovered cases in which the chief justice worked as hard and ea -- effectively as he did in brown to martial his colleagues into a less fractured position than b might have been otherwise been the case? >> warren worked very hard to build his majorities. brown

let's take a look up the numbers of friday's trading in frankfurt. the daxx down .7%. eurostoxx also down about .7%. dow jones almost flat. euro trading $1.2959. record high will prices could soon be a thing of the past. experts from the international energy agency's say the price of crude oil is set to gradually sink. they point to increased output from oil-producing countries like libya, iraq, and saudi arabia. low economic growth is helping grow more slowly. that may mean the closing balance between supply and demand. >> the recent study has linked the fallout from the nuclear plant and fukushima and a change in the butterfly population. >> they have definitely connected radioactivity and mutations. >> these are some of the last butterflies before the onset of autumn. here on the northern outskirts of tokyo, they are collecting specimens with gloves, face masks, and radiation detectors. the field is contaminated. it has twice the allowed level of radioactivity. >> we are studying how radiation affects butterflies. they have life cycles of just one month so we can qu

what you can see behind me is the headquarters of the windows bank germany's central bank in frankfurtthe other may look ordinary and quaint but don't do is taken this is where exactly behind these walls of the country's gold is stored and watched carefully twenty four seven though not all of it is here it's not of an else or in germany ironically the majority of the nation's strategic resources is held outside the country in france great britain and more than sixty percent in new york germany owns the world's second biggest gold reserves with a total of thirty four hundred tons worth billions of euros after the second world war the country's infrastructure wasn't up to him and was such a valuable hole of gold bars and then at the time of the cold war the fear was that it would be too risky to keep it right next to the hammer of the r. and curtain but today both arguments are equally outdated second world war is a distant memory while more than twenty years have already passed since the fall of the berlin wall and germany's gold is still where it's been all alone its exact whereabouts

after a promising start to the day, it fizzled out during the course of trading. in frankfurt, the dax finished the session pretty much flat. the euro stocks 50 down into negative territory before the closing bell -- the euro stoxx 50. across the atlantic, the dow jones trading also pretty much flat. the euro trading at a value of $1.2944. britain has emerged from its double-dip recession. gdp grew by a surprising 1% between july and of timber, but the effect may be temporary. >> it was the strongest quarter in five years, but the olympic games and the queen's diamond jubilee are actually being credited with the boost in the economy. figures far exceeded analysts' expectations. well, did a german political party try to silence the media? allegations have emerged that members of chancellor merkel's governing coalition tried to suppress a television report about their main political rival. the broadcaster in question says it was a clear attempt to influence reporting, and it has already led to a key resignation in bavaria. >> the resignation came swiftly. the party move fast to

the coming months. our markets correspondent has more from frankfurt. >> the ipo is a sign of hope for many traders. they are hoping for more ipos to come. 20% of the german mobile phone operator will soon be sold on the stock market according to its parent company. of the ipo process is planned to start as early as this week. all of this is good news for people in the trading floors because ipos only work when there is a certain not of confidence on the markets. a certain amount of reliability. with all of these new players on the stock market, many people here are hoping for stock prices to continue to rise. >> continuing to rise is not what they're doing now in europe. as you can see on the board in the background, putting on the brakes -- the dax down almost 0.3%. the eurostoxx 50 also sliding. the same in new york, the dow jones is losing its gains from yesterday. it was a strong start to the week. the euro continues to climb, skipping over the 1.29 mark. >> it to big to fail became one of the buzz terms of the financial crisis, when the world's banking crisis -- world's banking giants are so b

so as you saw from that video there was nobody there in the audience in the middle in the heart of frankfurt and today however look at the headline max german court demands bundesbank audit sovereign gold holdings so the german court of auditor's the buddhists scoff has demanded that the bundesbank undertake an audit of its gold reserves in an audit the fed style effort the court wants to ensure that the nearly three thousand four hundred tons of gold is in fact in existence because stocks have never been checked for authenticity.