u.s. federal reserve which signaled that it could cut benchmark interest rates as early as july and thus promote provoked a big impact on global markets now just look at gold the price rising to its highest level in 5 years on thursday it reached around $1386.00 an ounce that's a rise of almost 3 percent on the start of trading. and let's talk now to young's quarter our financial correspondent in new york yes we see what happened to gold there how is this driven by a fed decision to keep rates unchanged. well i mean those surprise clearly show you that the markets in general are expecting or not expecting there is certain that there will be a rate cut at the next fed meeting by july abets that this will happen at about 100 per cent in the outlook for lower interest rates in the united states put some pressure on the u.s. dollar and you see that quite often if the dollar drops then gold becomes more expensive you pay for gold in a dollar and if the dollar decreases that makes it more attractive for foreigners to buy into gold so that partly explains this big swing that we saw for the price of gol

u.s. federal reserve is closing dodger bank on its reported plans to create a so-called bad bank and to shrink or even close large parts of its investment banking outside europe the fed want to know what the implications are for its business in the united states but corn has surged past $11000.00 for the 1st time in more than a year boosted by a weaker dollar and fresh enthusiasm for crypto currency the digital currency is notorious for its volatile price wings' between 20162018 investors saw bitcoins soar from just a few $100.00 to more than $20000.00 before plummeting again friend supermarket chain kind of fool has sold a majority 80 percent stake in its china business to domestic rival something the deal is worth 620000000 euros has faced fierce competition from chinese booming online markets and domestic rivals. while german carmaker dialer has cut its profit forecast for 2019 it is. 3rd such warning the base company has made so far this year it says a higher than expected bill for software upgrades of do the vehicles is responsible part of the continuing fallout of the emissions cheating

u.s. federal reserve is quizzing deutsche bank on its reports of plans to create a so-called bad bank and to shrink close investment banking outside europe the fed wants to know what the implications are for its business in the united states. british bangalore's has frozen the accounts of about $8000.00 offshore customers as part of a crackdown on money laundering the largest retail bank in the u.k. made the move off to the customers failed to provide evidence of their identity is by being asked several times over the last 3 years. bitcoin surged past $11000.00 for the 1st time in more than a year by a weaker dollar and fresh enthusiasm for crypto currency the digital currency is notorious for its volatile price swings between 2016 and 18 investors sold big corn sold from just a few $100.00 to more than $20000.00 before plummeting again. coca-cola and china's top dairy producers have signed a global olympic deal as joint beverages and dairy sponsors starting from 2021 a new deal with china venue makes coca-cola the longest running sponsor with the games having started in 1028 no financial

u.s. federal reserve chairman jerome powell said the central bank will be taking a closer look at facebook's newly announced crypto currency libra facebook veil the currency last week saying about bringing more services to people without access to the banking system. german luxury carmaker porsche is recalling nearly $340000.00 cars around the world because of a fault that could cause them to roll when parked apart at a time just to the gear selector can degrade over time the recall affects panamera bottoms. ever since peru agreed to give its landlocked neighbor bolivia a tiny. bit of pacific coast to call its own a few years ago the countries have sought deeper economic cooperation now the presidents of both nations signed a dozen agreements on several port rail and energy projects in the region. for years bolivia's campaigned to be given access to a strip of peru's pacific coast line was a major issue in the country now an agreement reached and 2010 to grant access to the port of e.l.o. appears to be bearing fruit. more going to mean recognition of this effort that bolivia is making for gr

u.s. federal reserve chairman jerome powell said the central bank will be taking a closer look at facebook's newly announced cryptocurrency believe brought face book on bail the currency last week saying it would bring more services to people without access to the banking system. and german luxury carmaker porsche is recalling nearly $340000.00 cars worldwide because of a fall that would cause them to roll when parked. touches to the gears selected can degrade over time the recall affects the yen and models. now here's some bad news for nicotine addicts who have switched the very thing san francisco has become the 1st u.s. city to ban the sale of the cigarettes until the long term health effects of the practice known as very pink become clearer officials of the california city voted to ban both online and store based sales off the vaporizes which have become a popular tentative to cigarettes or an age to stop smoking something cisco is almost jewel lobs one of the largest easygoing producers in the u.s. legal challenges are expected. well i'm now joined by the williams from all science desk

u.s. federal reserve's indication that the rates cuts could happen as soon as next month as have a significant impact on markets the price of gold rose to its highest level in 5 years on thursday it reached around $1386.00 an ounce that's a rise of almost 3 percent on the start of trade. and that's it from me on the business africa team here check out our website d.w. dot com slash business. news africa is next right after this. global markets. are 1st economy most of. them. doors grand the moment arrives. joining around you turn on her journey back to freedom. you know work interactive documentary stories in the running returns home phone d w don't come to tanks. it's on have been going to fit. your link to news from africa the world your link to exceptional stories and discussions to no one will come to the day of his suffocating program tonight from phone in germany phone uses easy to go out with say deputy home smash africa join us on facebook t.w. africa. this is deja vu news africa coming up in the next 15 minutes just i was from now the opening and the 1st afghan game in egypt and it's

u.s. federal reserve's indication that rates cut good afternoon as soon as next month that's not a significant impact on markets the price of gold rose to its highest level in 5 years and it reached around $1386.00 an ounce this rise of almost 3 percent on the start of trading. let's bring in our financial correspondent danielle kopi standing by in frankfurt for us daniel where is this gold rush coming from just the fit. well garrett there is the hope among investors that interest rate cuts by the big central banks around the world can mean new world wide economical grows and all of this is as a result we have seen the dax in frankfurt but also the your stocks 50 going up and yes i guess we can talk about this gold rush as you just said because the gold price indeed went up by one percent gold is always considered as a safe haven here for investors and even though investors are again more optimistic they see gold as a very good investment in order to secure themselves when you talk for example about higher inflation rate this has been something that investors have been talking about for quite

u.s. federal reserve later today that it might soon cut u.s. interest rates off by a quarter percent.h just north of the flatlined at midday. >> the u.s. aviation giant boeing. >> we will hear testimony from pilots who have criticized boeing changes to flight control software blamed in two deadly crashes. those resulted in worldwide groundings of popular 737 jets. a new order from british airways' parent company is breathing new life into the program. >> first quarter after a global scandal. , there hass air show finally been a breath of fresh air. iag says it intends to buy 200 boeing 737 maxes, even if the plane remains grounded. over flight control software blamed for two deadly crashes. the company thanked them on social media for their trust. the letter of intent is valued at $24 billion. but they have also been given a major discount. this is the first order to come in since the ethiopian airlines crash last march. since that crash and the lion air crash before that, boeing has been in the hot, being investigated into software issues. airbus'production lines are already full. co

u.s. federal reserve a process designed to determine lenders ability to weather economic uncertainty that has until late october to fix its for the flaws in its management in contrast georgia bank has managed to pass off the failing last year stress test it shares rose 3 and a half percent. such as an eye of apple's chief design officer is leaving the company he helped shape the news shocked the entire tech industries some say he's been as important for making apple what it is today as the late steve jobs says he'll continue to work closely with apple through his own upcoming design from when he started his career apple the company was seen by many as being on its last legs together with steve jobs with whom he forced a close relationship he developed the i am not in 1908 which helped kick off a spectacular comeback for apple the bridge design also created the iconic design of the ipod the scroll wheel which lets you scan through a long list of songs that easily helped apple to dominate the market although it was not the 1st one of the only r m p 3 player back in the day i've also designe

u.s. federal reserve later in the year along with a move to boost lending by the european central bank thatcoming out later on this new and. the ftse 100 is up about .2%. the frankfurt dax not too far behind. u.s. president donald trump is of course in france for the d-day commemoration, but on his way there, he found time to threataten an escalation of u.s.-china trade war. he took questions from a reporter at the left ireland, calling the u.s. a "piggy bank with all the money everyone else wants to take." tariffs of over $200 billion on chinese products in may, with china retaliating on american products. trump suggesested there is moreo come. pres. trump: i talked with china. a lot of things are happening. we will see what happens. in t the meantime, we e are getg 25% on $250 million, and i i can $300up another at least billion, and i will do that at the right time. but i think china wants to make a deal badly. >> bryan, staying with trump, he wants to levy taxes on all mexican imports. up, a freshg right round of talks on wednesday failed to yield an agreement inhin the two countries, s

u.s. federal reserve comments that a rate cut is in the cards and president trumps and now in spend that he and chinese president xi will be meeting to discuss trade at the upcoming g. 20 summit so ultimately that allows the u.s. iran tensions to move back to forefront driving up oil prices but again not as high as you would expect at least not for now and crissy in today's market the u.s. is producing an astonishing $12200000.00 barrels of oil per day so supply fears are actually very minimal and today geopolitical tensions in the middle east cannot be counted to deliver the same automatic increase in oil prices that he once could and what's also really interesting is that the surge in oil prices is not certain to drive up gasoline cars in the u.s. which tend to peak just before summer the price of crude oil accounts for about 60 percent of the cars that americans pay to fill up at the pump but the national cause for a gallon of unleaded regular natural gas of gasoline actually has fallen $0.02 this week to about $2.66. r.t. producer thank you so much for your insight. now as oil prices sh

u.s. federal reserve chairman this past week said that we should get rid of the word unconventional when related to monetary policy measures like quantitative easing that is it is now conventional policy year or thoughts you know anything to print money basically the last refuge of the scoundrel is printing money i think. i mean anything that supports the opportunity should just print their way out of trouble just what it's doing i mean next really they're saying m m t's a good idea this is not correct that when quantitative easing was introduced people said hey you're monetizing debt and debt monetization is always a recipe for hyperinflation a currency collapse every single country that's tried it has failed under at hyper inflationary currency collapse and the response from central bankers was no that's not the case because this will only be temporary and weak as ben bernanke he said we can reverse quantitative easing in 15 minutes if we wanted to now here we are looking at quantitative easing 4 there is no reverse all this is massive ponzi scheme economics and is it not simply a case of debt

u.s. federal reserve. reserve begins a 2 day meeting on tuesday president trump has badgered the fed for rate rate cuts and response a former fed vice president told the financial times fed policy quote should not be subject to orders from the president of the united states. time now for a quick break but hang here because when we return as china continues to bear the brunt of the trade war with the u.s. they are seeking new sources of foreign capital alex mahela bitches on hand today to sort out their fiscal horizon for people's republic. run this week rocky miller joins us today to give her take on the spike. stepping into the crypto space and as we go to break here are the numbers of the. we came here where did you work before you came. in many u.s. states capital punishment is still practiced convicted prisoners can spend years waiting for execution but most of the time the victims' families they are very much in favor the death penalty there are some people because of what they did have given up the r

u.s. federal reserve that lower interest rates are on the way and despite growing signs that the u.s. economy may be slowing down there is your global currency you up for the week. time now for a quick break here because when we return another day another turn in the nissan scandal that has been in the spotlight of the auto sector lauren fix the car coach will get into the driver's seat to spend us through how the wheels may be coming off the wall they missed company and later tensions in the parting gulf are still small to us the u.s. has jumped on the opportunity. haven't joined the program today these days until american exports in the wake of security concerns. and as we get a break here the numbers. every single day economic problems every single number every single statistic every single market reactions to a lower rate that it's like an alcoholic drinks when they drink when they're drunk because they drink because they drink because. they just drink drink drink. whether the economy is expanding whether. tracting pool of president doesn't matter is dog bit out is wife is going t

u.s. federal reserve that lower interest rates are on the way and despite growing signs that the u.s. economy may be slowing down there is your global currency you up for that week. time now for a quick break here because when we retire and another day another turn in the nissan scandal that has been in the spotlight of the auto sector lauren fix the car couch will get into the driver's seat to spend us through how the wheels may be coming off the world famous company. pensions and a parting gulf are still small to us the u.s. has jumped on the opportunity our keep it is having their join the program today that day and americans in the wake of security concerns. and as they get a break here's a number that the cloud. what politicians do. they put themselves on the line to get accepted or rejected. so when you want to be president. or some want to. have to try to be for us this is what the full screen the more than people that i'm interested in always in the waters of our. first sit. back guys are financial survival guide liquid assets not those that you can convert in zigzags quite ea

u.s. federal reserve. reserve begins a chill day meeting on tuesday president trump has badgered the fed for rate rate cuts and response a former fed vice president told the financial times fed policy quote should not be subject to orders from the president of the united states. time now for a quick break but hang here because when we return as china continues to bear the brunt of a trade war with the u.s. they are seeking new sources of foreign capital alex mahela bitches on hand today to sort out their fiscal horizon for people's republic. of the bull run this week rocky miller joins us today to give her take on the spike. stepping into the crypto space and as we go to break here the numbers of the. live. pled. the 5th. leg. length. live. live live. live . live. live. play. live. live claim. and very well might continue watching on since last. kind of financial survival job today with money laundering 1st to visit this cash into 3 different. oh good this is a good start well we have our 3 banks all set u

u.s. federal reserve that lower interest rates are on the way and despite growing signs that the u.s. economy may be slowing down there is your global currency you up for that week. time now for a quick break here because when we return another day another turn in the names on scandal that has been in the spotlight of the auto sector lauren fix the car coach will get into the driver's seat to spend us through how the wheels may be coming off the well famous company. pensions and the parting gulf are still small to us the u.s. has jumped on the opportunity are. having their join the program today the day until american exports in the wake of security concerns. and as we get a break here the number. of. media. the answer to every single the economic problem every single number every single statistic every single market reactions to lower rate that's the old it's like an alcoholic who drinks when they're happy they drink when they're drunk because it's tuesday they drink because the day time they drink because they're not a holiday they just drink drink drink how rates whether the econom

u.s. federal reserve. from reserve begins a chill day meeting on tuesday president tribe has badgered the fed for rate rate cuts and response a former fed vice president told the financial times fed policy quote should not be subject to orders from. the president of the united states. time now for a quick break but hang here because when we return as china continues to bear the brunt of a trade war with the u.s. they are seeking new sources of foreign capital artie's alex mahela bitch was on hand today to sort out the fiscal horizon for the people's republic. of the bolshevik coin run this week rocky miller joins us today to give her take on the spike. stepping into the crypto space and as we go to break here are the numbers at the close. starting really in the 1980s under reagan at that deregulation you had the fed takeover and their sole purpose at that point was to try to squeeze workers' completely out of the global economy so wages never went up real terms sensed that but stock markets keep going up a

u.s. federal reserve had to cut down their inflation forecast for this year on their key number.here are acknowledging there is no way they will get to the 2% target this year. it is a global phenomenon. the ecb cannot get to its target. the bank of japan is about halfway there. we are even seeing in emerging markets numbers coming down. i have a chart here not for the world, u.s. 10-year breakevens and you can see how they have come down pretty sharply as well . when you look at what that means for global economies, when you look at business profits and that kind of thing, how important is it, i guess i should say, for central banks to boost inflation again, and can they? >> am not so sure it is important for them to do it, but i'm sure they want to. i'm not trying to pass judgment. i'm just saying that is what they are trying to do. as you put it so well, it is everywhere. in thailand, it's .4. it has come down to a lot of the emerging economies. we heard just now in india, it is below four, which is their target, so there are some very strong structural forces at work ,hat hav

u.s. federal reserve has just cleared 18 of the largest banks in this country passing the fed's annual stresse whether these banks are ready for akin to what we had during the meltdown and that they indeed are. hope springs eternal. more after this. urn fast with new tums chewy bites cooling sensation. ♪ tum tum tum tums with new tums chewy bites cooling sensation. ♪ mmm, exactly!ug liberty mutual customizes your car insurance, so you only pay for what you need. nice! but uh, what's up with your partner? oh! we just spend all day telling everyone how we customize car insurance because no two people are alike, so... limu gets a little confused when he sees another bird that looks exactly like him. ya... he'll figure it out. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ it's tough to quit smoking cold turkey. so chantix can help you quit slow turkey. along with support, chantix is proven to help you quit. with chantix, you can keep smoking at first and ease into quitting. chantix reduces the urge so when the day arrives, you'll be more ready to kiss cigarettes goodbye. whe

u.s. federal reserve which started its two-day meeting today. we will know tomorrow what happens but when you add all of that together, we've got quite the recipe for a nice rally. right now, you've got the s&p 500 less than 1% away from its record high. if we can look at that, we see it right here, here's the ten-year chart. very close to that record high struck recently. we now have the s&p standing at 2,921. let's not forget the dow. the dow got a kick upward from boeing. the stock flying high after a flurry of votes of confidence sent shock waves through the paris air show. >>> first, british airways owner iag signed a letter of intent to buy not one, not 100, 200 boeing 737 max aircraft. yes, the same planes that have been grounded since march after two deadly crashes. well, they are getting them at list price. that deal is worth more than $24 billion. then we have boeing also securing a commitment from korean airlines for 20 airliners. korean air will lease 10 more of the aircraft from los angeles-based aircraft leasing company air lease w

u.s. dollar by our federal reserve and the geopolitical risks associated with crude oil right now i thinke a spike in crude oil, i think it's going to come on the back of the dollar getting bludgeoned which i think is going to happen and the geopolitical risk that exists lot trade has been difficult and i understand why, i think there's a rally in oil. >> dollar bludgeoned because of? >> every central bank on the planet is in a race to devalue their currency and we are the biggest currency manipulators in the history of the world. although we blame others u.s. central bank, the federal reserve, has done that and it's going to happen in spades as the summer progresses. >> all right, guy. >>> next, your tweets and the "final call. i don't know what's going on. i've done all sorts of research, read earnings reports, looked at chart patterns. i've even built my own historic trading model. and you're still not sure if you want to make the trade? exactly. sounds like a case of analysis paralysis. is there a cure? td ameritrade's trade desk. they can help gut check your strategies and answer all

u.s. dollar by our federal reserve and the geopolitical risks that associated with crude oil right now.. i think you're going to see a spike in crude oil at some point. i think it's going to come objeon the back of the dollar getting bludgeoned which i think is going to happen. although the trade has been difficult, and i understand why, i do think there's going to be a rally this oil. >> dollar bludgeoned >> every central bank on the planet is in a race to devalue currency u.s. central bank, the federal reserve has done that, and it's going to happen in spades as the summer progresses. >> guy, up next, your tweets and the final call we'll be right back.s reports, looked at chart patterns. i've even built my own historic trading model. and you're still not sure if you want to make the trade? exactly. sounds like a case of analysis paralysis. is there a cure? td ameritrade's trade desk. they can help gut check your strategies and answer all your toughest questions. sounds perfect. see, your stress level was here and i got you down to here, i've done my job. call for a strategy gut check

u.s. federal reserve might start to cut rates soon as well.s and cons in terms of how the measure would impact the euro zone economy? it is a reflection that has just started today in this meeting. discussed which contingency would call for which , and on the possibility of restarting the asset purchase program, let me say we now, having abstained from purchasing bonds, we also have comfortable below after the european court of justice gave the explicitly brought -- to pursuing a proportionate manner, our objectives and comply with our mandate. instrument that was quoted was a possible decrease in interest rates. let me talk about the point i said in introductory statements. there was a quite long discussion about the weather. the period of negative interest rates and the weather, especially the expansion of forward guidance is affecting banks profitability in a way that could hamper lending. -- these are answers in the aggregate. within the aggregate there are many different situations. in the aggregate the answer was that so far we see no ef

u.s. federal reserve data shows over the last 30 years, that group saw its net worth grow by $21 trillionbottom 50% fell by $900 billion. that is your bloomberg business flash. alix: does that make a difference to politicians when they hear the billionaires sending a letter? david: it certainly doesn't discourage them. so has come out on this, and has elizabeth warren saying there should be an annual wealth tax. although, remember warren buffett had one that went nowhere? wholealso, maybe the idea of get out in front meant cash in front of it -- idea of get out in front of it. they want all candidates to support a moderate wealth tax on the richest 1% of richest 1/10on the of the richest 1% of americans, not lower income americans. i like the moderate tax. david: i'm not sure you will get many republican candidates going along with that. alix: let's turn now to wall street beat. first up, malaysia takes goldman to court. the next pretrial hearings for the case is september 30. natixis enters crisis mode. and bitcoin bounces back, trading at $11,000 for the first time in 15 months. david:

u.s. federal reserve chairman jerome powell.rned the president believes he could demote powell to a fed board governor, but isn't planning to do that now. despite the criticism, powell says he intends to serve his full term. today, conservative members of britain's parliament will choose the final two candidates to succeed prime minister theresa may. after three rounds of voting, boris johnson has increased his lead. of the 313 vote count, johnson asning 143, the same amount the last remaining candidates. global news 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm viviana hurtado. this is bloomberg. alix: obviously one of the geopolitical stories of note is what is happening in the middle east and the debate over where the your wrist drone -- where the u.s. drone was shot down. iran really ratchets up the tensions in the region. david: also, we had the report of a missile attack on perhaps a arabia byion in saudi by houthi rebels, who are backed

helpe federal reserve interest rates steady on wednesday, but signaled it is ready to cut rates if necessary, to shore up the u.s. economy. here is federal reserve chairman jerome powell's news conference. it is about 45 minutes. >> jerome powell announced the -- ourcolleagues colleagues and i have one overarching goal, to sustain the american economy. at the meeting that concluded today, we maintained our policy interest rate but made changes to our statement. since the beginning of the year, we judge that our current policy stance was wrongly appropriate and we should be patient assessing the

u.s. economy is still in full employment mode. second reason is corsi pe has not fallen significantly. that measure should fall or needs to fall for the federal reservet. the results in the first quarter of this year have been resilient for corporate. 80% of the companies on the u.s. stock markets met or exceeded expectations in the first quarter of this year. alone, for those reasons the federal reserve is quite likely to not cut in july even though there are expectations of a cut priced in. paul: if you are correct, what do you foresee, upheaval in markets once the realization dawns? --vin: i think the markets the equity markets and on markets are moving in the same direction at this point in time. you look at it year to date, and markets are still positive in the u.s. and asia despite tensions between china and the u.s. on the trade front. misread thekets signal from the fed and the federal reserve has been dovish in its commentary, the markets are likely to correct when the equity market is concerned. kathleen: i have to push back against the idea that they won't cut. people think they need to see more data if they need to cut, but they are not t

u.s. federal reserve is very destructive to us.e fed's five board members are "not my people" even though he selected for them and elevated chairman jerome powell. the head of the human atomic watchdog is urging global powers to continue efforts with a run to keep it in the 2015 deal aimed at preventing the country from building new leader weapons. he delivered his regular update to the international board of governors today. >> i am worried about increasing tensions over iranian nuclear issues. emphasized,nstantly the nuclear commitment entered into by iran represents a significant gain for nuclear ratification. i hope ways can be found to reduce current tensions through dialogue. mark: in its main report to member states, the iaea said iran has stayed within key limitations for uranium and heavy water stockpiles but said stockpiles were increasing. says.k. foreign office militants are likely to try to carry out attacks in ghana as their influence is spreading in west africa. a notice on the department website warns groups associa

u.s. federal reserve.ation is rocking angela merkel's -- some party members want to ditch merkel coalition in terms of rebuilding voter trust. merkel could be forced to find new partners, head a minority government, or face an early election. global news, 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countires. -- countries. this is bloomberg. tom: what you need to know, i a better day to check then an hour and 30 minutes ago. we are down, but nothing like we were earlier. s&p futures at negative nine. yield short-term coming in with a vengeance. euro strength, oil was weaker earlier. this is against the backdrop of an ugly may. the vix was 19 level, now 18.84. the global risk litmus paper japanese yen, 108.38. year treasury yields advancing, gold up, swiss bank up, it feels like havens are in demand. i am looking at pound after we had figures for the month of may that showed a contraction, so those are much worse than expected. u.s. pr

u.s. federal reserve chairman jerome powell has signaled an openness to cut interest rates if necessary.gressively predicted the fed would loosen policy. how pledging -- jerome powell pledging to keep a close watch on this fallout between the u.s. and its closest trading partners. chairman powell: we don't know how or when these issues will be resolved. there closely monitoring implication of these developments for the u.s. economic outlook and as always, we will act as appropriate to sustain the expansion with a strong labor market and inflation near our 2% objective. theresa mayister talking about the substantial risk between the u.k. and u.s. since president donald trump took office. she says london and washington are at odds over key issues, including china, iran, and climate change. the president was asked about the possibility of a jeremy corbyn becoming prime minister and if he would do a trade-in with the left-wing leader. pres. trump: i certainly would. i would have no problem with it. i think it's a long shot when you say that. i don't think it's going to happen. boris johnson

u.s. federal reserve will likely cut interest rates this year, but not as aggressively as investors expectconsensus is still the central bank will not rush into a rate cut. stanley fischer says he thinks resonant donald trump will not renominate chairman jay powell if trump is reelected. wilbur ross downplaying the prospect of a major trade deal from the potential meeting of president trump and xi jinping. he says the most that will come out of g20 is an agreement to resume talks. earlier it may remember negotiations broke down. both sides blame the other. >> you never have a deal until you have a deal on everything. in that sense, with things as complicated as trade negotiation, there is always going to be a degree of uncertainty until you really get to the finish line. >> argentina says it is not ruling out a cyber attack after a major power blackout left millions without electricity. the president said the event that hit five south american countries was "unprecedented." a cyberattack isn't the primary hypothesis. it could've been technical issues or humidity. boeing is confident it's m

u.s. senate have asked the federal reserve to scrutinize deutsche bank over allegedly suspicious transactions tie to president's donors trump dodge it was one of the few lenders to keep trump afloat after his repeated bankruptcies in the 1990 s. . the united arab emirates has told the u.n. security council that attacks on 4 tankers off its coast last month were likely carried out by another state it said annex animation showed trained diverse had planted a special mines to cripple but not to sink the ships the united states accuses iran of the attacks. been w. has opened its 1st factory in mexico but it couldn't have come at a worse time washington's threat of terrorism mexican exports still hangs in the air the german carmaker says it's full speed ahead for its expansion plans in the country. b.m.w. has m. bishop's plans to turn out 175000 cars annually from its new mexican plant beginning in 2028 at least that was the intention before us president donald trump threatened mexico with punitive tariffs despite the celebrations his threat loomed over the sun luis potosi factories inauguration t

u.s. president mr trump has been a very direct even though he was the one who appointed a drone powell the head of the federal reserve he believes that higher interest rates are wrong and comments made by u.s. president that direct about a certain issue like that are very unusual done there in frankfurt for us thank you very much. the french israeli billionaire behind telecoms and media group tese has agreed to buy the world famous auction house souther b s t c o patrick draw he offered $57.00 a share making the deal worth 3 point $7000000000.00 so will cease other visa return to private hands after 31 years as a public company traded on the new york market and the auction house says the acquisition will allow it to accelerate its growth in a more flexible private environment. and that's it from me and the business team here in berlin for more business news and features a checkout d.w. dot com slash business or follow us on social media at the w underscore business thank you very much for watching i'm john el-gamal and. sometimes books more exciting than real unless. you're all. foresters to ski. in the streets. her