The globe. And lets do business big tech is bracing for a fresh assault on several fronts activist back at the European Court of justice in luxembourg to challenge facebook in another case the right to privacy law the lost ones or a transatlantic Data Transfer system struck down over concerns u. S. Spies could get access to the new data analysts say todays case could be even. Privacy at the same time u. S. President trump is gearing up for a social media summit on thursday but the main Online Platform on Facebook Says it hasnt received an invitation to reports twitter has exploded the white house says Digital Leaders will discuss the opportunities and challenges of todays environment valley can expect a crackdown. On German Economy minister peter mieris. Tech and trade trip to the u. S. Hes visited tech giant google of maya has criticised the firm for its market dominance its Parent Company alphabet Reigns Supreme on the internet its take a look at the figures last year posted revenues
To announce to the company stumbled during the world financial crisis and its share price has yet to recover. Has also been held back by a procession of legal woes the bank repeatedly saw itself confronted with fines worth billions of dollars for Money Laundering violating sanctions and its role in the subprime mortgage scandal but the restructuring effort is now being seen as a new chance by investors. This dawdling around for the past few years is over now concrete steps are being taken to give the bank a new direction and thats what we were missing over the past 5 to 6 years. While deutsche has said the move will cost 7400000000 euros and hopes it will return the company back to the top tier of banking many experts say it may be the last chance to save the bank as well as it im now joined by was telestial hes a Banking Expert at the Frankfurt School of finance and also in frankfurt our financial correspondent only bonsa standing by when he was start with you whats been the reaction
Pleased to announce to the company stumbled during the world financial crisis and its share price has yet to recover. Has also been held back by a procession of legal woes the bank repeatedly saw itself confronted with fines worth billions of dollars for Money Laundering violating sanctions and its role in the subprime mortgage scandal but the restructuring effort is now being seen as a new chance by investors. By this dawdling around for the past few years is over now concrete steps are being taken to give the bank a new direction and thats what we were missing over the past 5 to 6 years. While deutsche has said the move will cost 7400000000 euros and hopes it will return the company back to the top tier of banking many experts say it may be the last chance to save the bank well im now joined by was telestial hes a Banking Expert at the Frankfurt School of finance and also in frankfurt our financial correspondent only bonsa standing by when he was start with you whats been the reactio
On that leg on the plant weve been planning for quite some time that after achieving stabilisation last year cleaning up the Balance Sheet and in costs under control we now want to take the next step mats to align the bank with its strengths and that is what were pleased to announce to the company stumbled during the world financial crisis and its share price has yet to recover deutscher has also been held back by a procession of legal woes the bank repeatedly saw itself confronted with fines worth billions of dollars for Money Laundering violating sanctions and its role in the subprime mortgage scandal but the restructuring effort is now being seen as a new chance by investors. This dawdling around for the past few years is over now concrete steps are being taken to give the bank in new directions and thats what we were missing over the past 5 to 6 years. While deutsche has said the move will cost 7400000000 euros and hopes it will return the company back to the top tier of banking ma
Would be interested in hiking 127. 19. Ut nevertheless, vonnie we are seeing the rally moderating, but we continue to grind up in u. S. Equities and global equities. China mentioning stimulus measures overnight, and that had companies metals rallying today. We are still up about 1 4 of 1 . A couple of stocks to mention, beyond meat down 20 today. Not exactly the worst day for beyond meat, the underwriter saying on a valuation viewpoint, beyond meat is really full at this point. Sprint down 6 , tmobile down with the state attorneys general filing an antitrust lawsuit against the merger. We will have to see how that plays out. Guy we will certainly see how that one plays out. Basically we are in a situation waiting for the cpi data tomorrow. Will that or will that not confirm whether the fed is going to be delivering a rate a rate cut . The trade tension story certainly there as well. We are trying to figure out what the earnings story is going to look like. My big question, why would yo