a multi-billion year off in case the talks between the two german banks fail according to be a uni credit would then merge come out with munich based on which the italians board fifteen years ago by steve klein to comment on the reports. well maybe you can get some more information out of standing by at the frankfurt stock exchange you know that's an interesting turn of events did anyone see that coming. well unicredit has a history of wanting to take over come out as early as twenty seventeen they went to the german government to say so very in mind that the german government is the largest shareholder for spike advances about plan amid its own restructuring but it clearly appears to be resurfacing now now what's interesting about the report is this bit where it explains to us that uni credit is actually prepared to wait for the collapse of merger talks between. spending before moving out of before moving in on the deal it doesn't want to gatecrash this deal that berlin that seems to want it shows an unwillingness to displease berlin in case it does end up making a play of its own for ac

uni credit be a good part of. speaking about their reactions well the shares of come outfront actually rose on this news and they're still trading higher from what i can see showing that there is some excitement up for the deal and you know analysts do say that it does make a degree of sense especially because it already has a foothold in germany with the ownership of paper for ions bank but the challenge there is going to be potential resistance from the german government it might not want to see one of two of its biggest lenders suddenly slide in foreign ownership and that's going to be something that unicredit will have to talk if the time comes . you know the financial reports in frankfurt thank you very much. emotion some of the other business news making headlines around the world investors are keeping a close eye on the u.s. china trade talks. between the world's leading economies resumed wednesday in the u.s. capital we polled say washington and beijing edging towards an agreement. on growing trade dispute

emerge of talks between germany's two biggest lenders dodge a bank of kamau spanking as italy's uni credit says it would be interested in buying commercial bank as well italian bank has already to make a multibillion euro offer in case talks between the two german lenders fail all three banks declined to comment on the matter i was in founder and c.e.o. jeff bezos and wife mackenzie have finalize their divorce she is giving up all her interest in the washington post newspaper which bezos bought in two thousand and thirteen and blue origin the space exploration company he founded she's also relinquishing most of her albums and staked leaving her with four percent worth thirty five billion dollars a new york judge told the securities and exchange commission and the long lost to settle a dispute over how much the tesla c.e.o. can tell in his twitter feed the f.c.c. says mr musk violated a deal when he tweeted about production without any long is approval the judge told both sides to meet in the next two weeks if they can't resolve their differences. it will make a ruling wheels question. well

however, uni credit owns hyper variance bank in germany so the idea is they would buy commerzbank and sort of german bank that wouldn't have uni credit over the door, it might have commerzbank over the door, so that way you would have another credible contender to deutsche bank. it is allup in the contender to deutsche bank. it is all up in the air at the moment. as i say, any final deal would need to get the approval of both the regulator and probably the german government. we will hear more about that story during the week. thank you, simon jack. that story during the week. thank you, simonjack. let's talk about other deals that have been done. the amazon founderjeff bezos is still the world's richest man despite agreeing a divorce settle m e nt despite agreeing a divorce settlement with his ex—wife. after 25 years of marriage she is getting $35 billion worth of amazon shares. but has to give up all voting rights. dave lee has more from san francisco. people were bracing themselves, weren't they, because this was very much going to be the divorce settlement to end all divorce settle

there's movement in merger talks between germany's two biggest lenders and come out as italy's uni credit says it would be interested in buying come out as well. ready to make a multi billion euro off in case talks between the two german banks failed it will be the financial times all three banks have declined to comment on the poles. germany's largest drug maker said it was hit by a cyber attack lasting for more than a year it believes the infectious software was planted by the chinese. by a says it has identified the affected systems and cleared them of the malware and doesn't think any data was lost. a huge trove of data from facebook users though has been exposed online in a public database includes details like people's names the comments they've left and when they hit the like facebook stalk on alison cloud service apparently without any protection. families of the victims of the recent ethiopian airlines crash plan to sue u.s. plane maker boeing preliminary reports show a faulty design may be to blame for the crash victims' families lawyers say they will file the suit in the united

resurfacing now now what's interesting about the report is this bit where it explains to us that uni credit is actually prepared to wait for the collapse of merger talks between deutsche bank and come out spank before moving out of before moving in on the deal it doesn't want to gatecrash the steel that berlin that seems to want it shows an unwillingness to displease berlin in case it does end up making a play of its own for accounts back later on. on the markets investor is happy about. it depends on who you. thought your bank shares slid on this news and you have to be able to imagine a merger with someone else with a much bigger competitor for deutsche bank than it had been but whether the solution is to get deutsche bank and two to fuse instead well that's still a controversial deal especially the prospect of the loss of thousands of jobs. german media are reporting that as early as the weekend this vision could come or latest on tuesday when the board meets so either way investors are set to get a resolution in the next days or at least that's how it looks for now. you need to be a goo

analysts si uni-credit saz they expect that s&p will keep its rating on change, while it waits for greaterlarity on its own political and fiscal outlook another country that is coming under a lot of pressure argentina, and financial markets there are buckling a little bit under pressure fresh pulls to just present -- is losing ground ahead of an election later this year the arnl tien weakened as much as 5% at one point yesterday before strengthening again the government is battling with record high inflation and the weakening currency. termites. we're on the move. hey rick, all good? oh yeah, we're good. we're good. terminix. defenders of home. >>> well, european markets have been open for about an hur and a half, and it was a much weaker start. things are beginning to pair up some of the loss that is we saw earlier on in the session. you can see right now we have central dax and cac trading slightly in the green. of course, this is one day after president macron addressed the public about the results of his -- he has been touring the country over the last couple of months in response to t

we are not -- we do know that the likes of uni-credit and ing are rumored to be interested in commerzbankwhether this is a political feasible solution that's not clear being an italian lender, we have the network in the south of germany. could make it an ideal fit as well i guess we get more m&a activity surrounding commerzbank now with that merger talks having failed with deutsche bank i bring you more from here from frankfurt during the course of the day, i guess back to you. >> annetta, perhaps we can stay on this conversation interesting to see the share price reacting to commerzbank. shares down about 2.6% we have beendiscussing, as you just alluded, commerzbank's other opgs i mean, they've been the potential or alleged target of unicredit and ing as well. we are seeing commerzbank shares react negatively does this suggest that commerzbank's options are more limited? it's the same reasons that these discussions have failed. i guess nobody really is going to pay a huge premium for commerzbank currently because look at the profitability, look at that business outlook look at what kind

think about how much that goes even further if you think about a commerze bank uni-credit tie-up >> italians? i don't know >> it's tricky >> coming back to your point about getting the employees on board from a commerze bank side. part of the rationale for bringing these two banks together is obviously the synergy potential that has to involve job cuts to some degree. if it requires some conditionality around retaining staff to get the deal over the line for employees, you have to question how much that eats into the synergy potential of this deal >> in terms of the tie-up more broadly and the potential success of this tie-up, i think earlier we were discussing commerze bank's history in the m&a space from the deutsche side of things. >> they integrated it pretty well, and they didn't seem to be that much opposition when it came to integrating those employees. it might be a completely different story for deutsche bank we'll see where this all goes. still, coming up we take you through all the action from last night's champions league quarterfinals next it was here. i couldn't catch my breat

uni credit will pay $1.3 billion to u.s.rities to settle investigations into iranian sanctions violations the german arm of germany's biggest bank has agreed to plead guilty to moving money on behalf of sanctions entities, including an iranian state-owned shipping company. the bank says provisions have already been made to corps the celtsment. >>> president trump has sounded it an optimistic note on trade talks with china saying the u.s. will win no matter what. >> we're turning it around, and we're in the final stages. we'll see what happens look, we're going to win either way. we're either going to win by getting a deal and we also win if we don't get a deal because we do other things >>> speaking of trade, the european union has formally approved trade talks with the u.s. despite opposition from france and belgium belgium abstained from the votes highlighting divisions of the response to president trump's policies, but agriculture has been left out of trade talks with the e.u. calling it a red line despite the u.s. warnin

that tells us an awful -- it's a different story in a way, but i think ing and also uni credit it aspo tesh takeover parties are so far away. if that fails, probably commerzbank would go into the hands of one of those who have expressed interest as of now, i'm hearing that the talks are going quite well they shouldn't expect anything to happen this week. also, not over east, given the religious, yeah, sort of the religious character of the easter break next week we will be an interesting part of the week for the merger stauks talks. either they go ahead or stay between deutsche bank and commerzbank. commerzbank skoer in an internal plel has admitted somewhat that the loan basis for commerzbank is not the right way that's probably why we also get all these expressed interests from various parties now in case deutsche bank or commerzbank merger is going to fail. that's back to you >> so many moving parts here we look forward to finally getting some clarity hopefully about the future of commerzbank, deutsche hopefully in the next couple of weeks. patrick armstrong with jechlt e investme

and anetta, do you know there might be fewer regulatory objections to a commerce bank tie-up with uni-credit as to one with deutsche >> i'm not sure how it stands so many regulatory for commerce bank and deutsche bank merger, because clearly, those who are arguing that they would have a machine oply on the german retail market are clearly wrong because you have to look at how big the savings bank and cooperative banks are in germany, so there wouldn't be dominant player in that market there might be perhaps an investment banking specific niche where there could be a dominant player, but i guess they wouldn't be big enough to block that merger. the hurdles are somewhere else especially those are the hurdles that are come from the trade union. we have a new round of margins from the trade union calling officially for more money, but also, for not agreeing to let merger between deutsche bank and commerz bank because they would argue it would lead to a job loss of up to 30,000 people in germany. i think that's the main hurdle when we talk about the deutsche bank and commerzbank merger. it depend

this is all for the credit uni cherry blossom half mile kids run. a layout of that course near the national building museum in northweste.c. the r is later this morning at 9:30. road closuren effect now until this afternoon. certain parts of f, h and g streets blocked off with street closures, also come parking restrictions in that area. >>> well, vindication for a parent who watchedolice place her 10-year-old in handcuffs. this is the video right here th sparked a lot of outrage. d.c.'s top prosecutor says that the boy was innocent, and that cell phone video has also created anger in the communit ur jackie bensen was in northwest d.c. where activists say something needs to change. >> reporter: mbers of the d.c. area black lives matter group and others filled the area around the.c. police first district station with the sounds of outrage. >> that these are not isolated incidents. these are not isolated incidents. >> reporter: these aret he images tompted the call to protest. cell known video of a 10-year-old boy handcuffed by d.c. police last surday