Earnings Angela Merkel says another election would be better than a minority government. The fdp tells cnbc that the political deadlock is due to the chancellors unwillingness to compromise. Robert mugabe faces impeachment as zimbabwes political crisis stretches on. The countrys ousted Vice President hails a new era for wh the area good morning one hour into the trading session. We had a strong session overnight. Nikkei up 0. 7 another strong session for hang seng led by tencent. Things in europe are looking soggy this morning a bit more sea of reds than yesterday. That points to the soggy open for the euro stocks index, almost down 0. 2 this is in contrast to the price reaction we saw in stocks indices yesterday, despite the breakdown of German Coalition talks. Ftse a lager down 0. 1 of course all eyes on the budget tomorrow, and what mr. Hammond has to offer there today a couple members do speak at the treasury select committee. Dax, soggy day, almost down 0. 2 reacting to some of the news we got out of germany on the weekend. Lets look at sectors. Yesterday every single one of those sectors was in the green today looks like a bit more of a heavy trading day. Autos in the lead, up 0. 5 insurance up 0. 2 one of the down sectors of the day is retail, 0. 7 to the down side construction material, basic materials struggling telecoms down 0. 5 a lot of scrutiny from the news we got stateside about the department of justiceputting a lawsuit against the at t takeover of time warner. Angela merkel said she would prefer fresh elections versus leading a minority government but the parties have been urged to return to the negotiating table. The explore talks for forming a next government ended sunday when the discussions were walked out on is the chancellor right when she said fresh elections could be better when you consider the problems with domestic politics, would it be better to go back to the polls . Well, i dont really know probably in her thinking, yes. She wants to have a stable government, which also can act on a very reliable basis and a minority government cannot it needs to find a majority for every single issue in parliament and that makes it really very tough and difficult to actually also tackle those questions youve been raising just now so, what she prefers is to confront the voter, even though thats a riskier fare than have a minority government. She probably prefers either to be ousted or to be the next chancellor of germany, but with a stable majority backing her. Having said that the way for the election is a difficult one in germany. Thats because our constitution doesnt foresee easily to have a new election thats a Lesson Learned from the republic back from the last century. Bottom line is, where we stand now, is that there are a lot of talks in the background. My other president of germany now has the job to interview and talk to every leader of the parties who might be able to form a coalition, to urge them to have perhaps find a compromise between each other. Thats taking place today and tomorrow and another two weeks will be spent talking to each other. Of course everybody is a little disturbed from what happened over the weekend thats a first in germany. Also the parties who actually were on the negotiation table and who offered a lot of compromise like the greens, they are not very happy about that. I spoke with one of the leading figures of the greens, constatine fernot and asked him what the Lesson Learned from the negotiations are and how he experienced those. Take a listen. Its a serious situation. But we are a stable country. We have a good understanding and common sense, so i would not worry much we have to figure out fast how things should go on. Everybody is talking about a new election i think it is a very hard way to get to those new elections our constitution doesnt give much about politics that comes together and decides for new elections. I think we should talk seriously about other ways these talks are on the way, they are talking to all the leaders, today to also to the leader of the green. How confident are you that there will be an agreement because theres been spent so much time in talks since in germany those Coalition Talks in the past decades always were a sure thing. Everyone who talked to each other got along and built a coalition after some time, i think we shouldnt cory much if this is now for the first time not the case, but i i believe nowthat everybody is looking at the constitutional side of this situation people should overthink their standpoint and we should not stop talking and just look at those new elections. If germany is doing new elections, you dont know if the result would be the same again so, essentially, also new elections might not yield some sort of an outcome which could then mean we will see a stable government thats also because the social democrats, one of the biggest parties in germany seem to have drawn themselves out of that race because they dont want a grand coalition. If that remains the case, that will be a critical consideration. As i was saying, now talks are starting im hearing from the lawmakers inside the bundestag that there is actually some willingness to move into a grand coalition, but the Party Leaders themselves, the leadership does not want that so i think we will see a lot of discussion popping up over the course of the next two weeks not necessarily decisions, but probably a lot of noise out of berlin with that, back to ou. Sounds like theres a number of bridges to cross. Thank you very much for the detail there Christian Shultz has joined us, economist from citi. We heard all the background noise taking place in germany. If we consider out where we started in 2017, theres a fair amount of Political Risk and investors were staring at the outcomes of markets. Germany was seen as the country that wouldnt get much risk. Here we are debating whether a minority government is formed, whether they go back to fresh elections, whether theres a deal behind the scenes how significant is there for investors . Is a big surprise you are right to point out at the beginning of the year, when doing political outlooks, the german election was one area where people said that will come and pass and nobody will care. If you look at the market reaction, that is still true probably not much that happened. The reason for that is that were talking about a booming economy growing very, very strongly very low on unemployment the crisis, the refugee crisis, euro crisis seems well in the past now it is not a country that needs Big Decisions at the moment. Not having a government may not be such a bad thing. Weve seen other countries in europe doing well without governments for quite some time. Eventually the dutch this is germany, though we had a guest yesterday who said who needs strong leadership when the economy is so strong. I wanted to ask about the elections themselves it seems merkel prefers to hold another round of elections, voters also wanted to go for another round of elections will that yield anything different . We had some polls on sunday which suggest some losses for the fdp, they blame voters for what happened. Voters are disappointed these talks broke up overall, whatever the result is there will still be those two options. Both options i dont know how theyll get to there could be personnel changes before or after another election if the fdp changed leadership, if the cdu were to change leadership, which perhaps all of this would be the biggest risk youre right, germany itself probably doesnt need a strong government now, but germany is important for the rest of europe without a German Government theres plenty of risk what type of German Government the election has shown us a lot of concern around the country, around immigration policy. If you have got eurozone talking about more integration, banking union, common fiscal budget, then you need germany to be in a strong negotiating position with other member countries, one would assume whats the impact across some of these initiatives that macron haschampioning does this all fall by the wayside . Opinion on germany is divided on whether or not there should be more integration. We know they are quite skeptical. The greens part is quite pro we need somebody who gets to some consensus in the end and negotiates with europe and comes to a deal. Merkel was, of course, very good at this. Weve been here before in 2015 at the height of the refugee crisis, it looked like a time when merkel would step down or be forced out that would be the biggest risk we now have a credible alternative in europe to lead the continent forward. I think merkel taking a bit of a back seat now would not be quite as bad as it would have been two years ago or five years, six years ago. Can i ask you, wearing your uk economist, what this means for the future of brexit negotiations clearly in the past you had mr. Macron and mrs. America whole were the overseaers of the negotiation negotiations with mrs. Merkel out of the picture for the time being, does this add another headwind to the process of negotiations as we head into this big summit in december one thing people have been pointing out is brexit did not feature at all in the Election Campaign after election in the Coalition Talks at all brexit is not a big topic in germany. But still it does matter and i think youre right in the background the french and germans may have had an influence on the Eu Commission strategy if germany takes a bit of a back seat there, it gives more power to the french. So we would have to look at more what the french interests are and how they unite the rest of europe behind that, and looking at what germany may or may not be doing that was Christian Shultz, economist from citigroup. Senior british cabinet ministers reportedly agreed that the government should offer more money to the eu as part of a proposed brexit deal theresa may met with ministers amid reports that the uk was considering doubling its offer to 40 billion euros. The prime ministers also set to meet European Council president donald tusk on friday. Amsterdam and paris will host two powerful european regulator agencies set to leave the uk after brexit. Amsterdam will be home to the European Medicines Authority and paris will host the european banking authority. Both votes were so tight that authorities had to decide the final results by random draw from a mifish bowl. We have had a lot of political issues discussed already, brexit, the uncertain german election, and what happens in germany whether we are facing fresh elections wouldnt that be a conundrum as we have 2018 down for the italians and more companying moving out Companies Moving out of londoncs you can email us and you can tweet us directly. Coming up on the show, more on the dojs big challenge to the at ttime warner deal. I just saved thousands on my loan at lendingtree. Com. In less than a minute, i found out how much home i can afford. I like how you shop for loans the same way you shop for flights online. I didnt realize at lendingtree you can save money on almost any sort of loan. I consolidated my Credit Card Debt with a personal loan. I found a new credit card with 0 interest for 15 months. You just shop, compare, and save. And its all free. Go to lendingtree right now and start saving. Easy said easyjet said the expansion at berlins airports will cost more, this as the british low coast carrier carrid a record numberof passengers i 2017. And shares in compass are down sharply despite a 5. 6 rise in fullyear profits the rise was driven by growth in the u. S. And the European Business was also strong the forecast for 2018 are positive with growth coming in the second half of the year. And enel backed its final target for the next three years and raised its minimum dividends. They also plan to shift focus to mature markets such as italy and spain as part of a wider push towards digitalization kingfisher posted a slight fall in like for like sales as weakness in the French Market continues into the third quarter. The Home Improvement retailer saw sales in the uk and ireland rise 1. 5 , while falling just over 4 in france the Group Remains on check to meet its fullyear strategic targets. Specialty Chemical CompanyJohnson Matthey reported a 2 decline in first half operating profit this as the firm incurred oneoff charges from a restructuring program. Earnings per share also fell but the company raise tits interim dividend. Nestle is among the reported su suitors for hain celestial hain shares spiked 7 on the report before being halted in trading. And toshiba decided to go forward with a massive Share Offering which is attracting many activist funds and improving its odds of avoiding a delisting. Makiko utsuda has more toshiba decided to raise 600 billion yen or 5 5. 3 billion through a private share placement. The firms liabilities exceed assets making a public Stock Offering difficult, so it instead chose to offer shares to foreign Institutional Investors that include major funds from the u. S. , europe, asia and australia. Singaporebased efisimo Capital Management will have a 11 stake. U. S. Activist funds such as third point and Elliott Management are also taking part. On december 5th, 60 or so investors are to make payments and receive their share allocations. Activist funds use their Voting Rights to influence corporate decisionmaking, though raising capital has sharply improved the odds of toshiba avoiding a stock delisting it may mean giving up management freedom toshiba had to take this move since without its planned Semiconductor Memory unit sale being completed by the end of march next year, it will face a second straight fiscal year in negative net worth the capital boost will raise the net worth to 8 800 million and help it avoid a delisting. Toshiba shares fell following the news on monday, but bounced back up over 5 today as investors became more hopeful in toshibas turnaround the memory unit which is about to be sold off generated 90 of toshibas Group Operating profit for the six months through september. So, the company will need to present a compelling Growth Strategy to make up for the void to keep activist investors happy. Thats all from the nikkei back to you. Thank you very much for bringing us the latest the u. S. Department of justice is suing at t to block the takeover of time warner. The doj argues the takeover could raise prices, harm competition and slow innovation on online video. Josh lipton has more. Reporter in a legal combination that arms consumers and stifles innovation, thats how the u. S. Justice department is describing the proposed merger between at t and time warner and the doj is suing to block it at t and time warner announced their 85 billion merger last year the closing has been dragged out by the governments antitrust review earlier this month reports circulated that the government demanded at t sell turner broadcasting, operator of the cnn news network or directv as condition of approval. A Justice Department official telling reporters on monday that the merger would raise prices for consumers and block creators of media content from distributing their product without paying more money. Time warner owns the cnn news channel, tnt, Cartoon Network and others and has lucrative Sports Broadcasting deals. In a statement on monday at ts general counsel saying todays doj lawsuit is a radical and inexplicable depart chore from decades of antitrust precedent mergers like this one are routinely approved because they benefit consumers without removing a competitor from the market we see no legitimate for our merger to be treated d differently. So far this year there have been more than 9,000 mergers announced in the u. S. Worth an estimated 1 1. 2 trillion. Within the u. S. Media sector theres been 209 deals announced for an estimated 32 billion. At ts ceo Randall Stevenson was not impressed. When we announced this deal the best legal minds in the country agreed this transaction would be approved since our companies dont even compete with each other. But here we are. The government has filed a lawsuit, and it stretches the very reach of antitrust law beyond the breaking point. Its an extraordinary turn of events weve seen enormous consolidation in this part of the world. This particular deal, i think many participants thought it would go through because the fcc was not looking at it. I spoke to the chairman earlier this year, he didnt have concerns because of the way the infrastructure was managed because it has now cropped up and theres been no negotiations through back channels have left some people wondering does this impact the overall sector down the track . We had a guest yesterday and i asked the same question, whether the biggest headwind to the sector is regulatory concerns were seeing the same thing in the uk the Capital Markets authority reviewing the fox sky takeover deal as well again, no guarantees that will go through yes it does seem as though regulators are increasingly looking to get involved in that sector as we continue to see disruption of Media Companies by technology companies, but also consolidation. The dinks this tifference the around is were talking vertical not horizontal when we talk about vertical, its a slightly different ball game whats also going to crop up is the use of Donald Trumps tweets theres a feeling there might be some impacted from trump himself, the way he feels about cnn. Hes been negative in his tweets some of this might be used by at t to say this is influenced by the president the doj official looking at the case was appointed by trump in september. So, the markets are questioning how much political interference is involved here the other point i would make, too the impact on online channels, we know netflix, amazon and the like bring you competition to an at t and other players. Can they sit back and just rest on their laurels they are forced to go down this path of innovation does the dodjs argument hold up well squeeze in a quick break well be right back after this , and saw his portfolio drop by double digits. It really scared him out of the markets. His advisor ran the numbers and showed that he wouldnt be able to retire until he was 68. The client realized, i need to get back into the markets i need to get back on track with my plan. The Financial Advisor was able to work with this client. Hes now on track to retire when hes 65. Having someone coach you through it is really the value of a Financial Advisor. Signs. Im Joumanna Bercetche im karen so. The department of justice sues to block the at ttime Warner Acquisition its a move the ceo says stretches the antitrust law beyond the breaking point. Ive done a lot of deals in my career, but ive never done one where we disagreed with the department of justice so much on even the most basic of facts easyjet shares lift after the budget carrier says it is encouraged by pricing trends, adding that its acquisition of air berlin will boost 2019 earnings and one of our top stories, Angela Merkel says another election would be better than a minority government. The fdp says the political deadlock is due to the chancellors unwillingness to compromise when you ask democrats who we were talking with what did you give us that was taking you away from your Program Towards our direction, the answer is zero. And Robert Mugabe faces impeachment as zimbabwes political crisis stretches on. The countrys ousted Vice President hails a new era, but says he wont return until his safety is guaranteed the numbers crossing on Public Sector net borrowing for the uk the latest is through. We were at 8. 0 8 billion pounds veshs s versu5 billion a year ago the number expected was about 7. 5 billion in october so slightly wider than the deficit numbers. All eyes will be on the numbers tomorrow if you look at the tax receipts, the uk is running slightly ahead. Thats one thing mr. Hammond has on his side. We have been mostly flat since we kicked off trade this morning. You can see we have not traveled a fair distance. Where the movement has been is on the telemarket. Italy and spain were both holding on to about a quarter of a percent in the initial stages. Foreign exchange, a quick look the u. S. Dollar versus the japanese yen, 112. 45, pound at 1. 3243, and the dollar vers the swiss, 0. 9925. Goldman sachs is forecasting another year of 4 Global Growth in 2014. With em strength offsetting the slight slowdown in developed markets. As a result of steady growth and low inflation, goldman says the risk of recession is low, but the risk of market draw downs is high the cochief markets economist from Goldman Sachs joins us today. Thank you very much for joining us thank you for having me the Goldman Sachs piece was making waves over the weekend, particularly the view on the u. S. In the sense that youre calling for four rate hikes out of the fed next year Market Expectations are closer to two lets start with the u. S where is that strength coming from i think its rotating more into investment this year. Thats new i think that should be positive, accompanied by productivity looking better alongside that we expect some wage pick up and obviously with the tax incentives, there may be more consumption. On the consumer side and on the cap ex side the economy will loo healthier. One of your top trades is shorting tenyear treasury yields the target is 3 doesnt it make more sense to short the front end of the yield curve given that very little is priced in in terms of hikes . We had a long debate. The pillar of our strategy in rates this year was around a flattening of the curve, pivoting on the fiveyear point. We get the level wrong, the curve is lower that rotation has occurred next year the fed has the ability to hike from two sides, pushing up the policy rate but also trying to steer the long end back up through the quantitativive tightening we are more uncertain around the slope of the curve thats why we prefer going for one point tenyear seemed reasonable place to be the disconnect is that if rates are going up, tax reform is coming to the united states, why are you calling a soggy dollar and suggesting that Market Participants view the euro and japanese yen with more appetit appetite its a question we get a lot. Theres a precedent for this theres a period in the previous cycle where the fed hiked, growth was occurring overseas, so the deltas in growth were more favorable for emerging markets, and people left the dollar block to go into these places we think that some of this may repeat itself. If we look at the acceleration, you mentioned 4 growth thats all coming from the emerging market world. India, brazil, big contributors there. You dont worry that 2017 was the year for emerging markets, plenty of Central Bank Stimulus found its way into emerging markets. China was pressing on the accelerator getting the country ready for a major Party CongressCentral Banks are turning off the taps, Political Risks are coming up across latin america next year. Doesnt 2018 look a bit more challenging for emerging markets . I take all those points i would say its not an advanced economy thats looking from that risk perspective as, you know, as an easy play. Valuations are super high. That cannot be said for emerging markets. You have the carry which is positive and then you have a mix of accelerating growth with inflation still by in large falling. In the advanced economies, growth is tapering off and acceleration in the u. S. Should be picking up. And policies are becoming less friendly, at least on the Monetary Policy side lets switch the talk to Europe Clearly again Political Considerations in europe surprising out of germany, not out of italy for once. Again, one of your top trades for next year is to be long fiveyear inflation in europe, which is surprising given one the political backdrop, but also the fact that the ecb are beginning to pull away starting the tapering process less accommodation in the system, at a time when inflation is not necessarily alysts expeco be in 1. 6 years time i think i agree with you inflation is low if you look at the forecasts, we have inflation roughly between 1. 3 and 1. 5 over the next two years. The market is priced in i look at the option market, it gives a 50 chance plus of inflation staying below 1 the next five years. Theres a skew at the long end of the curve, you have a flat term structure fiveyear fiveyear versus fiveyear is flat. So little premium. So as the ecb goes about buying less bonds, we think that will steepen the curve and should also inflate the forward inflation term structure the market is stewing about high multiples, high valuations on some stocks everyone is asking the question when will the party end. Youre saying we wont face recession because of economic conditions, but we could be right for correction you have seen no real evidence of wages rising in 2018, despite all of us watching for pressure coming into wages at some point. Its not materialized. Its hard to see how that has impact and you also mentioned psychology around the withdrawal of qe. The market psychology is that central bankers know what theyre doing. Theyre so very well versed on exit that it will not cause a ripple the two main points in our thoughts about the future is that we are fairly confident we wont have recession next year and that Central Banks are not going to murder the cycle because they want strangle the cycle. Exactly we also recognize evaluations are high to your point about margins, theyre narrow, particularly in the u. S. The rest is flattish we wanted to basically be short the premium, the multiples, and long growth. Thats where we go to emerging thats why we go to emerging markets, thats where we see growth accelerating for the u. S. , its a mixed picture. We have positive returns, but the risk of draw downs here and there are higher than what weve seen in 17. Just real quick what are the main risks to your Global Growth forecast i think the the Systematic Risk is that we see a rise in rate volatility. All premium have come down with the declining rate volatility. We should remember that in 17 we had a 50 basis point cumulative negative shock. Its hard to repeat that plus we get this Climate Change around qe. So if rate volatility goes up, well see asset rotation thats risk number one and europe, Political Risk that will stay with us for a while. Good to have something to think about over the holidays. How to position for 2018 thank you very much for joining us thank you shares in italys banca carriage were halted janet yellen will step down from the Central Banks board of governors. She said she will leave once successor jay powell is sworn in promising a smooth transition until then along with stanley fischers recent resignation, this will open up a fourth vacancy on the board. Jerome powells confirmation hearing will be held next tuesday. Theres a reported revolt inside the u. S. State department according to reuters, around a dozen officials accused Rex Tillerson of violating the child soldiers prevention act an internal memo says tillerson breached the law and went against the departments recommendations. The dissenters document says tillersons decision undermines americas credibility abroad and highlights ongone tensions between the secretary and Department Officials russian president Vladimir Putin will hold talks with his u. S. Counterpart, donald trump, over the phone later today according to the kremlin the ongoing situation in syria will be the topic of discussion the russian president just hosted syrian leader Bashar Al Assad in sochi the two leaders agreed to look for a political solution to the syrian conflict. Tensions between washington and pyongyang continue as donald trump declares north korea a state sponsor of terrorism this allows the u. S. To impose additional sanctions on the country. Kristen welker has the details should have happened a long time ago should have happened years ago. Reporter tonight President Trump trying to further isolate north korea. The president designating the country a state sponsor of terror which will mean stiffer sanctions. Mr. Trump citing the death of otto warmbier. And in addition to threatening the world by nuclear devastation, north korea has repeatedly supported acts of International Terrorism including assassinations on foreign soil reporter the move is a reversal of a george w. Bush policy which lifted the terror designation to foster diplomatic talks over its Nuclear Program that effort failed so will this attempt work or is it purely a symbolic move . Practical effects may be limited, but we hopefully were closing off a few loopholes with this. Reporter also front and center at the cabinet meeting, the president pushing for tax reform. Were going to give the American People a huge tax cut for christmas. Reporter at the same time, the white house expressing a willingness to give up one of the president s priorities, a controversial provision in the senate bill to repeal the obamacare individual mandate, which could result in millions losing their coverage. If leaving that in there makes it less likely that bill passes by christmas, then wed be okay with it coming down. Reporter but with a razor thin majority in the senate, the president could be imperilling the tax bill by waging wars with his fellow republicans on twitter can he afford to fight with members of his own party the president s style is the president s style. What will sell the tax plan are the actual merits of the tax plan. A lot of investors are looking for leadership now thats what the cfo council is about. The threat of cyberattacks is the biggest external risk facing companies around the world the poll of more than 40 top cfos found respondents also worried about consumer demand and u. S. Trade policy. Like the others category which came up with amazon they were concerned about and nationalistic tendencies in countries. Almost a quarter of the cfos Say Technology will be the biggest sector for growth in the next six months the executives pointed to Growth Potential in Consumer Discretionary and financials what about currencies the question was about bitcoin it inspired strong opinions, this as the price for the cryptocurrency has risen sharply over the past year nearly 28 of voters considered bitcoin a fraud. But the same amount claimed the Digital Currency was a real asset, but just facing a bubble. You know what i thought was interesting . 40 of the u. S. Cfos that were asked that question didnt have an opinion on bitcoin. Because they dont understand it perhaps or dont know where its going to go the federal reserves anticipated december rise in Interest Rates did not spark much controversy nearly 84 said they expect rates to raise next month. A few do not think a rise is coming this was a change from september, 62. 9 thought the fed was done raising rates then. So we have seen this quick change in psychology for investors around Central BanksCentral Banks are very good at telegraphing their next steps now. But quickly thats a look at the cfo council. You can go online and see more of the outcomes in the survey. Were going for a quick break. Coming up, zimbabwes ousted Vice President speaks joining calls for mugabe to step down. The latest on the political crisis coming your way next. Welcome back the hezbollah leader has denied he sent weapons to the hootie rebels or that it was behind the Ballistic Missile attafiring agt riyadh zimbabwes ousted Vice President says he has spoken with Robert Mugabe and has been invited to come home Emerson Mnangagwa says he wont return until his safety is guaranteed he has joined the growing voices demanding that mugabe step down. Chris, how fastmoving are events on the ground today very mafast moving. As we speak theres a zanupf caucus going on ahead of a vote which we understand will take part this afternoon. The parliamentary debate begins at 2 00. What will happen is the zanupf party will impose a motion of impeachment against Robert Mugabe and the mdc, movement for Democratic Change will second it bearing in mind these two parties have been at each others throats for the last 20 years or so. This is a big thing forward. What will happen, theres going to be quite a long debate in parliament this afternoon. Then there will be a vote. Whats needed is 50 of the vote for impeachment plus one vote on top of that. According to my sources there. What will happen, if that is successful, it will be a committee set up to investigate mugabe, to look at his unfitness as leader, look at some of the problems, look at some of the corruption thats going on, and that will be taken away, and then investigated and brought back now, on top of that its a little bit more complicated than that, thats a process that could take a very long time. It could take hours, they say. Speaking a constitutional lawyer, they said that,tor could take weeks there will be no step down soon. Thats the situation chris, thank you very much. Seems its not just the politics are complicating the country but also the stock market and investor psych tollgy. Lets get to samir shasha from Cambria Africa the economy has been falling on the events of recent days, but thats seen as market optimism do you want to explain that to us equities seem to discard a premium or the difference between being able to access dollars outside the country for importation or payment purposes. And access to currency inside the country. Now, that premium was discounted in the stock prices in terms of a higher price for stocks because pension funds, et cetera, would invest in stocks, because they could not move their money or invest money elsewhere. So, the impression is that there will be better access to foreign currency if the matters get better economically in the country. And therefore that premium is coming out of the stock prices that has been discounted into those prices samir, hello this is Joumanna Bercetche from street signs. Do people have the view that perhaps if the Deputy President does come in, then he will shake things up or is it more of the same as it was before . Is he going make serious economic change, is that the country needs right now . I think that in general in zimbabwe, everyone who is invested here tends to be an optimist by nature i can count myself in that zimbabwe is an incredible and incredibly fertile environment for investment, in my opinion. As you can see from the nature of the people and the events that have occurred a peaceful people theres always been a significant level of optimism by people who invest in the country. And the suggestion has been that zimbabwe as a country has been set aside in terms of the level of support and balance of payment support and Development Support that we received from the rest of the world. Its essentially becoming a pooh r pariah state if that happens, there is likely to be an outlook to bring about this better agreement with the rest of the world. Let me ask you about the ability of Foreign Investors to get their money back theres been concerns about the indiginization, where money is handed over to locals, and you only get some of your money back do you think thats likely to change under the future regime its hard to predict these things a lot of the policies pursued in the past had a political tint to it as opposed to the best economic decisions for the country. I dont for example, south africa also has some indiginization processes, but its pursued differently a better policy can come along not all sectors are subject to this sashgs mir, thank you very mh for that lets take a quick look at u. S. Futures. A slightly stronger session. S p 500 seen opening about 1 point higher dow jones about 10 points higher not a huge session, but still in the green. Very early in the day still thats all for todays show. Im karen tso, thank you very much for watching. Im Joumanna Bercetche. Worldwide exchange is coming up next. Okay, i never thought id say this, but i found bladder leak underwear thats actually pretty. Surprised . Its called always discreet boutique. It looks and fits like my underwear. I know what youre thinking. How can something this pretty protect . Hidden inside is a super absorbent core that quickly turns liquid to gel. For incredible protection. So i feel protected. And pretty. New always discreet boutique. A developing story the Justice Department calling at ts deal for time warner illegal and harmful to consumers. Fighting back, at ts ceo Randall Stevenson is not mincing words, responding to the governments lawsuit this defies logic, and it is unprecedented. Ive done a lot of deals in my career, but ive never done one where we disagreed with the department of justice so much even on the most basic of facts. Its tuesday, november 21, 2017, worldwide exchange