One is economic confrontation and the other is expanding domestic Political Partnership just to bring you some gdp data from determine any, the economy there for 2019 has grown 0. 6 thats the weakest sings back in 2013 in 2018, that was 1. 5 the Public Sector Budget Surplus was 1. 5 of gdp. Thats fall evan significantly from the 2018 number which was 1. 9 the forecast in line, 0. 6 was the forecast those are numbers from the german office. This is all about export economy here in germany. We are seeing trade war Overall Economic slow down challenges when it comes to auto sales all weighing on those gdp numbers which forms the backbone of that heavily focused number my colleague is in frankfurt this morning and can provide more context annetta. Reporter actually, that is bang in line with what we were expecting for 2019 from germany. What you are saying, those factors are still there. The trade war is not going away. The structural changes are not going away the question is whether the
Largest economy in europe for 2019. There are more concerns about the global trade deals than there was yesterday. You can see european stocks pretty much flat. The dollar pretty much a steady. We are getting some data out of germany shortly. We also speak to the dallas fed president , Robert Kaplan at 3 30 p. M. London time. Lets get straight to the bloomberg first word news. Now, u. S. Story for tariffs on china staying put. The Trump Administration is likely to keep them in place until after the president ial election. Any relief is also contingent on compliance. Steven mnuchin and says tariffs wont be removed until the next stage of a trade deal. These tariffs will stay in place until there is a phase two. If the president gets a phase two quickly, he will consider relieving tariffs as part of a phase two. It has nothing to do with the election or anything else. Today, the u. S. And china are scheduled to sign their phase one trade deal. 1 billion is the figure by which jp morgans
Strong set of earnings after the market close on wednesday. The stock has soared more than 90 this year alone will stop this off the back of enthusiasm that al this off the back of enthusiasm that ai will boost corporate profit. The question is will als big spenders, the likes of Amazon Microsoft continue to place orders and drive sales and Profit Growth . Or is that trajectory beginning to ease . Wall street is beating the chipmaker will exceed expectations. In other news, Pixar Animation Studios known for producing classic films like toy story, is laying off roughly 14 of its workforce. This is part of broader restructuring by Parent Company walt disney, and reflects a move away from the production of original content for the disney plus streaming service. Instead, pixarwill refocus on feature films. These layoffs follow similar cuts made injune last year. To another big story we have been covering newsday. A Singapore Airlines flight was hit with severe turbulence causing the death
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