progress was made during the five days of negotiation last week. and let s go now to our financial correspondent daniel cope who s joining us live from frankfurt daniel what s the mood there given this possibility of future card tariffs. both even investors are taking this latest development not a positive at all we have to him and we heard it from your guest as well that the german automobile industry is one of the big pilaf off the german economy and germany is a very export oriented country and german carmaker staff and making a lot of money selling cars at to the united states as a result the shares off the big car makers here at the blue chip index x. have been quite under fire this morning volkswagen diamond b.m.w. all in the red at the moment and not just here in germany these possible caught towns are seen as very controversial also in the u.s. more and more people also from the auto lobby are wondering if all of this is going
was not mentioned they feel that this could also mean less possibility off a trade war between china and the u.s. a big plus by the way also this morning for the german carmaker volkswagen the market in china for them extremely important and we ve heard of they re also thinking about having lower tariffs on car imports from other countries as well all right thanks to you stay with us because we will be coming back to you in just a moment but first according to reports the u.s. justice department will give the green light to german pharma giant buyers take over all of monsanto that just a few weeks off the potential deal was given the ok by the e.u. commission by tends to buy the u.s. agricultural colossus for sixty two billion dollars u.s. officials have insisted that by divest additional assets as part of the deal before now goes smoothly the mega deal will be the biggest ever take over all of a u.s. company by a german one. back over to daniel in frankfurt daniel so this merger appea
a permanent state of crisis under korean s tenure the bank struggled to contain its losses cutting those losses is kristan savings top priority now and that means he ll have to untangle his predecessor s mistakes most experts think that means deutsche bank will be returning to its roots in the traditional banking sector. and our financial correspondent daniel cooper is at deutsche bank headquarters in frankfurt daniel and you man in the top job effective immediately was the market reaction. yeah hi there helen well when you look at the share price of dog bank today it s actually the strongest performer at the blue chip index dax a big class of three per cent investors have been criticizing a lot throughout the last time that the bank was way too focused on themselves they want that the bank is again on the right track and those this big plus we have certainly not seen in the past just this year the share price of torture tumbled by
for us in frankfurt daniel there you are then you why would bosh drop its research in electric vehicle batteries especially now after a court here in germany ruled that diesel engines could be banned and everything points towards electric cars well you re right it seems to me that the timing would be great to make a lot of money with mobility bosch has announced it is still going to be their focus they want to rewire twenty twenty the number one in the immobility sub contractor market but for them it seems that financially speaking the production and research in the battery market would be too risky to see also stated that for them it s important to understand how those battery works but there s no need for them to produce them industry has tried for a long time to produce batteries that would allow the cars to drive similar distances like a regular car but still with very very little success and danny just briefly we just heard that opel loss making opel continues to make losses even
the economy in the eurozone grew by two point five percent in two thousand and seventeen the strongest increase in a decade it even outpaced the u.s. where estimates point to growth of two point three percent. france s economy expanded by one point nine percent twice as much as in the previous year but even in the second largest economy in the eurozone off to germany all that glitters is not gold fronts is held back by the biggest national debt in the eurozone. let s bring in daniel corp our financial correspondent in frankfurt daniel so the debt crisis is over according to these figures at least but the debt hasn t disappeared has it. yes certainly has not disappeared ben but we also have to remember during the financial crisis when countries such as cyprus ireland portugal they were pretty much bankrupt by that time and they were only you rescued with major banks