Force theres long been speculation folks bargain and ford would team up on self driving electric cars but markets like certainty the confirmation from v. W. C. E. O. Herbert and ford chief jim hackett make out a new york News Conference boosted shares in both automakers. Will put 2600000000. 00 into Ford Self Driving units are. Which is valued at 7000000000. 00 were now confirming that we will extend our collaboration into a thomas technology. We share the view that technology is an enabler and its not immune to itself that was one of the 1st things that herbert guy aligned on. A people will remain our constant focus in this ever changing world. V. W. And ford and to put Autonomous Vehicles on the roads in the u. S. And in europe. The deal makes v. W. An equal stakeholder in Ford Self Driving cars business and ford will get access to b. W. The electric vehicle technology. They remain competitors in the marketplace but teaming up on our go ai gives them technological know how and scale as well as Geographic Reach and investment in our goal will provide does this one of a kind of driving System Technology it will enable folks who are going in for to do sign and manufacture s. T. S. Vehicles based on this technology from our perspective this is a. Situation. To tie up as part of a Broader Partnership between v. W. The worlds 2nd biggest carmaker by sales and 6th place ford. Joining us now from new york is our financial correspondent yes corridor here and this is a partnership that hopes to make the best out of 2 very challenging areas for the Auto Industry electrification and self driving how do you rate the partnerships chances for success well i mean basically all the car makers are starting a partnership to develop electric vehicles or go into self driving cars and when those markets especially when it comes to self driving cars really kicked off will be a profitable will be a mass market could be years ahead so this is not. Success guaranteed but on the other side probably its necessary to start a partnership to not lose touch as all the other companies are investing in this potential multibillion dollar market well zooming out on the wider world of markets yes its been a very notable trading week with the u. S. In this is reaching record highs do you think thats set to continue. There we had a record breaking week here on wall street and there is this old saying on wall street to never bet against the Federal Reserve so we have the outlook of Interest Rate cuts by the end of the month that would be of the 1st Interest Rate cut since december of 2008 when the Federal Reserve basically said rates at 0 percent after the financial crisis hit so that is really what drove the market in the past couple of days if not weeks so now the focus will shift to earnings season that will start on monday when the 1st big american banks will come out that was their earnings reports and overall the outlook for Profit Growth is rather mediocre about wall street will be more focused not so much what happened in the months but how the outlook from Corporate America looks so that will really be the decisive factor if this really has more room to run but for the very 1st time in history s. And p. 500 cross 3000 and the dow jones and there for the best or whatever it is the 27000 point mark youngs quarter there with the markets wrap up for us thank you very much the United States federal trade commission has voted to approve a 5000000000. 00 settlement with facebook over a long running probe into the companys privacy violations the fine would be the largest the f. T. C. Has levied on a tech company but its value is a largely symbolic facebook made nearly 56000000000. 00 in revenue last year the wall street journal wrote that the f. T. C. Report has been moved to the Justice Department for review it is not clear how long it will take to finalize. China is pouring millions of dollars in aid and low interest loans into the South Pacific and what some say is a bid to keep regional powers australia and new zealand in check the tiny kingdom of tonga is emerging as a battleground in the fight for influence among pacific players. Life moves at a slower pace without traffic lights or fast food chains snuffling pigs roam dusty roads but in a country with few jobs tongues worry that chinese immigrants are taking over the Small Business sector. First. Chinese. Retail shops 99 percent changes. Basically the. Many fear that the chinese could be expanding their business interests into farming and construction made a beijing late investment drive in the region china already gave several gifts and loans to tonga the country of 106000 people owes about 100000000. 00 u. S. Dollars to chinas Export Import Bank equivalent to about one 4th of its g. D. P. But the chinese say its increasing footprint in the South Pacific is nothing to worry about nevertheless after western allies overlook the South Pacific is a somewhat sleepy neighbor to a stroll in new zealand and the United States responding in an effort to check growing chinese influence after destroyed Historic Parliament house last year the government 1st suggested china might pay to rebuild it then new zealand stepped in and considering jointly funding the project. Heres a look at some other stories making headlines around the world china says it will impose sanctions on u. S. Companies and arms sales to taiwan. Approve the sale worth 2200000000. 00 earlier this week washingtons approval has infuriated beijing which considers taiwan a breakaway province. British travel group. Is an advanced talks with chinese and festers about an 800000000 euro rescue deal it would see thomas cook the biggest stakeholder chinas foes to and take control of its tour of business and supply enough money for it to trade through to the end of 2020. Era china has just ordered 20 new a 350 s. From the european plane maker air bus in a deal worth 6000000000 euros its the latest sign that airbus is expanding its foothold in the Chinese Market local carriers there are expressing more interest in european made planes thanks in part to trade tensions with the u. S. Is holding its 1st sale dedicated to sneakers their status as collectibles is growing some could fetch over a 100000. 00 the shoes going under the hammer in new york include a pair inspired by the 2nd film backed out of the back to the future franchise. Nobody likes a seafood go to waste but when it reaches its expiry date and has gone on sold shops often have no choice but to throw it away one japanese entrepreneur is tackling that part of the problem head on using little more than a bicycle and a website. Unsold and uneaten its estimated almost 28000000. 00 tons of food ends up in japanese trash cans each year but grabbing the issue with both hands as you yes saito his innovative business aims to keep bread out of the bit. From a fear that a 3rd of the worlds food gets thrown away even in japan its not uncommon to see bakeries took out around 10 percent of the bread that they make these bakeries are unhappy that they have to throw away food so i started rebate as a way of resolving that problem. Straight. Through the rebate website you year connects bakeries struggling to shift bread nearing its expired date with buyers happy to take it he also sets up shop around once a week outside a park in tokyo there he sells expiring loaves at knockdown prices around a 1. 40 for one piece for 4. 65 for customers dont seem troubled by the fact that the foods nearing the end of its life. And on what they need is that means that its such a waste to throw food away the bread looks perfectly fine so its enough for me what a good night the rooms. And those are thought i found out about them when i passed them in the street but when i heard they were selling bread that was about to expire i thought it was a really good cause something coming back every week i think there were. 3 baked promises any bread bought will still be good for 2 days later and a share of its profits go to other organizations that promote living sustainably. And that fit for me and the d. W. Business team for more check out our website the w dot com slash business or follow us on facebook and on twitter believe you know with this quick check on Global Markets im john l. The milan and berlin thank you for watching and have a happy weekend. Im not often out of the job well i just sometimes am but most end up in. The german thinks deep into the german culture of looking at the stereotype quests but in a single piece of the country that i not. Even seen for thanks to this drama there you go its cold out there. Im rachel joins me from the germans on the w. Post. Children. Normally use from africa to morrow your links to exceptionally stories and discussions in one loconte diffuse African Program and from one germany isnt easy to. Now i would say demi this close match africa join us on facebook w. Africa. Every journey begins with the 1st step and every language with the 1st word published in the. Rico is in germany to learn german why not come with him simple online on your mobile and free shop d w z e learning course nikos fake german made easy. This is the africa coming up on the program so down the military council says its foiled an attempted coup rebel soldiers have been rounded up officials and how to see you power sharing deal with prodemocracy groups will be signed this weekend also coming up. Designed to meet the specific needs of african countries lets agree on is being tested in god they protect the environment and create local jobs. She is young and super at the