Germany to spend spend spend. On robots in berlin welcome to d. W. Business the u. S. Federal reserve has cut Interest Rates for the 3rd time this year the central bank lowered the benchmark rate by a quarter of a percent to a range between 1. 5 and 1. 75 percent chairman Jerome Powell has been under pressure from President Trump to cut rates to 0 or even lower the fed told investors it would pause to reassess the economy before making further cuts well in his press conference after the announcement powell explained the thinking behind the decision we took this step to help keep the u. S. Economy strong in the face of Global Developments and to provide some insurance against ongoing risks Business Investment in exports remain weak and manufacturing output has declined over the past year. Sluggish growth abroad and trade developments have been weighing on those sectors looking ahead we continue to expect the economy to expand at a moderate rate reflecting solid Household Spending and supportive financial conditions but lets get more on this from our financial correspondent yens cotton in new york is whats come from the fed today what we were expecting and it was precisely what we expected there was also a change of wording in the statement of the Federal Reserve and that is hinting that this 3rd rate cuts in a row might be at least for now later in the press conference to roll also mentioned that something material would need to change sure to justify another rate cut so that makes it far less likely that we will see another cut was in this year and probably also not at the beginning of next year all its always certainly depending on how the economy develops but that seems to be it and it was a bit of a surprise that wall street actually reacted positively to the fed statement blue chips were up by a good 100 points and speaking of the blue chips weve had results from apple and facebook our those 2 giants of the tech World Holding up. You know both kind of was their numbers in after hours and both exceeded the expectations from wall street by quite a bit if we look at the facebook one positive clearly was that for the 1st time in about 2 years facebook saw an increase in north america so in the United States and in canada for their daily active users and apple if you look at i phone revenue it came in about 1000000000. 00 higher than expected also overall revenue and profit much better than expected ended least for episode was a rather upbeat forecast for the ongoing Holiday Quarter and that stock is toying around with the new all time high just recently apple actually surpassed microsoft as the most value of all company on the planet. As our financial correspondent in new york youngs quarter thank you very much and they dont you or saying they could be about to be born be it chrysler and have confirmed theyre in talks about a possible merger and reports suggest has bought has already given the deal the green light. Fee at chrysler is under pressure the Italian American company has failed to invest in electric mobility its brands like jeep chrysler and dodge rely heavily on large gasoline engine is. Frances push to situation is more advanced when it comes to tech but it doesnt have a big foothold in the u. S. Car experts and the french government which holds a 10 percent stake in peugeot therefore agree that a merger makes sense. We believe that getting stronger and becoming the 4th largest car manufacturer is the best way to protect jobs and to guarantee that we can compete effectively and fight for employment. After germanys folks for japans toyota and the french japanese are no Nissan Alliance the merger would create the 4th biggest carmaker in the world with a sales volume of around 9000000. 00 vehicles annually but some fear that the streamlining process could result in cuts underperforming plants and superfluous departments and its that thats caused particular alarm at peugeots german subsidiary opel all the more so because both france and italy have said they dont want to see any job losses in their countries. The head of u. S. Plane maker of boeing has faced a 2nd grueling day of questioning from lawmakers in washington then he denied rumors he had offered to resign in the wake of the grounding of the 737 max jet unfollowed crashes in indonesia and ethiopia that killed 346 people boeings profits have collapsed since its key motto with thousands of orders was banned from flying. Last family members of the Crash Victims looked on tennessee congressman steve cohen attacked me and beg for his executive pay and his promises of accountability so youre saying youre not giving up any compensation at all youre continuing to work and make 30000000. 00 a year after this horrific 2 accidents that caused all these people relatives to go to disappear to die youre not taking your cut pay at all. You know our board will make those terminate youre not accountable youre saying the boards accountable congressman i am accountable sure now germanys public coffers are often described as overflowing keeping them topped up is so important. In the law but tax collectors have the bundestag that it may soon need to tighten its tax revenue starts to fall nevertheless germanys neighbors and incoming chief Christine Legarde are urging germany to loosen its wallets to fend off a possible recession. Solid growth low unemployment and yet modest Government Spending for long this has been the german governments economic mantra but french estimates suggest state coffers may not be quite so overflowing in the future the governments expecting to take in 1700000000. 00 euros less in tax revenue next year than previously forecast and over 7000000000. 00 last 2023. Recent years have cemented germanys frugal back with the government making a balanced budget a cornerstone of fiscal policy that something many economists are not calling into question among them the new head of the European Central bank Christine Legarde. Im saying that those that have the room from a new friend those that have a Budget Surplus notably germany and also the netherlands why not use that Budget Surplus and invest in infrastructure which currently needs investment contrary to what people say why not invest in education and innovation. Legard is among a growing number of voices urging germany to spend more not just to spur growth at home but across europe. Well elsewhere in europe an election in the u. K. Is now set for december and everything remains possible in terms of brechts it soft all none at all the uncertainty for businesses drags on too good example is Island Tourism sector where there are concerns that visiting brits may soon need visas tens of thousands of jobs could be at risk. This charming trend takes visitors on a tour of go away city in the west of ireland it was the brainchild of Terry Mannion an entrepreneur who relies on tourism hes worried about had the wrangling over break that will affect his bottom line thank goodness tourism because for 30 percent over 30 percent of our stores and trade in art so i think thats one thing that we dont want. Experts fear that a disorderly brags that could lead to the loss of some 10000 jobs in the irish Tourism Sector irelands west coast has traditionally been a popular holiday destination for the british many holiday homes here but now that sector is beginning to feel the effects of braggs that. We are probably this the worst School Property what is the loose incidence depression. So this is go. Sort of do. Those people who were. Dismissed because of bruises. We. Know what we do have. Many people in the west of ireland earn a living from agriculture and fishing and its these sectors that could be especially affected one group thats been sounding the alarm is oyster farmers up to now their path to mainland europe has been through britain but that could soon change. Open far. The best results which we have we have that. Well that we have to put up our price sends its exports through it by ear so that when. We put out they want through it if theres a problem. For Terry Mannion the road ahead is paved with uncertainty the e. U. Flag has pride of place on his tran after all when it comes to the e. U. Ireland remains fully on board. With. An asshole wrong deemed to be business hearing but led by. Sushi after the fall. November night. Any time. You have to buy the hottest. The sing along down. From super. To be a. Very kind of interactive exercise is kind of thinking about when you dont come to ash dont plan on facebook in the. Geminid for free. Luxury behind the mirror humans are exploited and animals cruelly slaughtered. Big brands have committed to fear working conditions and sustainable production. But who is monitoring the some contractors. And investigative documentary goes to italy and china and looks behind the glamorous facade of fashion houses. Look jury the mirror starts november 5th t. W. And welcome to news from the world of culture Martin ScorseseRobert De Niro and albert sheen of hollywood royalty together for the 1st time in the new movie the irishman also coming up the famous norwegian writes a column over canals gold as curated an exhibition of edvard. In the museum. And in our continuing series baking bread. Is making it up lidsky from the czech republic. Botts we begin with a new Martin Scorsese movie the irish man which has a star studded cast like no other indeed rob unbelievably this is the 1st time that the triumvirate of scorsese Robert De Niro and alfred chino have collaborated together add to that mix joe pesci and Harvey Keitel this has the potential to be quite a movie need that there is some modern day digital trickery that is quite time standing to see as well Frank Sheeran percent right yeah you served. Under the contract management can only fire driver in very specific charges so. Even a moving violation. Know you drink on the job. Never hit anybody on