Chinese travelers any tourist hot spot in switzerland is trying to deal with the fall. On chris colfer its good to have you with us the new china u. S. Trade pact could be bad news for german exporters that is the outcome of a study by the Keil Institute for the World Economy in these socalled phase one of the deal the chinese commit themselves to buy u. S. Products worth 200000000000. 00 a year that means a lot of what china used to buy from other countries like germany will now be bought from american countries now the q Research Team estimates that german exports could shrink by 4 and a half 1000000000 euros as a result that is 5 percent of all total exports and now the new coronavirus has entered the picture and the harder it hits trade the worse things are set to become most vulnerable are the automotive aviation and. Engineering sectors for some more analysis lets bring in our financial correspondent conrad booze and frankfurt conradt a negative outlook for german manufactures wh
Berlin it is good to have you with us well get to these stories in a moment but 1st germany is in shock following a mass shooting in the western city of hama 11 people dead the attack happened in the city of qom now close to germanys Financial Center frankfurt cannard bosun joins me from there economy a country in shock how have people where you have are have been reacting to the events. Well chris this is a shocker for everyone living in frankfurt and in the area you know the town of now is only a short train ride away from downtown frankfurt so of course everyone here is now talking about this and not only because of the brutality of the shooting but also the question of how different ethnicities live together in our country is being more loudly discussed now its interesting this morning when i arrived at the Stock Exchange talking to colleagues from other television station talking to traders at 1st most people thought well this must be a case of clan crime of mafia crime because th
Youve got to watch out for them on their bikes when youre driving. Along with them all to all but right now its quiet. This pharmacy usually sells Luxury Cosmetics to Chinese Tourists right now face masks are flying off the shelves pharmacists and mona portman had to get more in. The end up until now i thought they were sold out inside a few hours we ordered a 1000 more packs they tore those out of our hands as well they barely arrived in the queue and all the way out the door if you dont get out. Here chinese visitors in interlochen certainly means losses for retailers after all the swiss make 80 percent of their watch sales to the chinese but tourists or 30 manager or as kessler is taking a calm approach you see so every crisis theres also an opportunity right now the chinese are coming im convinced the coronavirus is media hype itll soon die down through im convinced it will all be over in a couple of weeks or so why would you can just a question of marketing then meaning that even
And youve got to watch out for them on their bikes when youre driving. Along with them all to all but right now its quiet. This pharmacy usually sells Luxury Cosmetics to Chinese Tourists right now face masks are flying off the shelves pharmacists and on a portman how to get more in if youve only only help from school nick i thought they were sold out inside a few hours we ordered a 1000 more packs they tore those out of our hands as well they barely arrived in the queue and all the way out the door if you dont get out. Here chinese visitors in interlochen certainly means losses for retailers after all the swiss make 80 percent of their watch sales to the chinese but Tourist Authority manager or as kessler is taking a calm approach he says that every crisis is also an opportunity right now the chinese arent coming im convinced the coronavirus is media hype and it will soon die down through im convinced it will all be over in a couple of weeks or so why would this leak and just a questi
Listening to him say i dont watch the stock market seems fanciful given that he tends to be firmer on his trade rhetoric when the market is close to alltime highs when he frames things these way i wait for the moment he stands up in an arena like alabama and says all those Treasury Bonds the chinese hold, how did they get it . They stole it. Thats where hes headed if hes around another four years, thats where its headed. Youve raised that point before it seems a natural conclusion and it would be totally in character. Not paying you back. Threatening not to pay back totally, right . Treasury. Remember this conversation because when he says it in front of one of his crowds, theyll cheer. Theyll cheer. Markets wont no, they wont. Brings up the mindset of President Trump where he looks at the stock market at record highs and says we can afford Something Like this today because were doing well thanks. Congratulations on paper back. Michael lewis. Good Tuesday Morning welcome to squawk alle