business i m stephen beard sambolin thanks for watching. the federal reserve has left the key lending rate unchanged in the 2.25 to 2.5 percent range but some fed officials apparently expect a rate cut by the end of the year announcing the decision fed chairman jerome powell pointed to concerns over weakening global growth and volatile international trade relationships just a day ago similar preoccupations prompted the european central bank to signal that it s ready to introduce fresh stimulus measures to boost the eurozone economy. and let s go now to our financial correspondent in new york yen scored a yen what s behind this is. well i mean we clearly saw that the federal reserve at least cleared the way verbal e. for a possible rate cut by end of july even if the monetary policy is to not put on autopilot a yet
i m stephen beard sambolin thanks for joining us. german carmakers are insisting imports of their products are not a threat to u.s. national security this after the u.s. commerce department submitted a report to president trump that is believed to make the case for much higher tariffs on vehicles from the e.u. on the grounds of national security germany s powerful vehicle lobby to a point out that german car makers have created more than one hundred thousand jobs in the u.s. in the recent years the german chancellor angela merkel has also dismissed suggestions that the industry threatens america. so how would a fresh set of tariffs affect countries that export cars the u.s. and germany institute ran the numbers and their conclusions are dramatic let s look first the biggest current parts exports of the us canada and mexico would not be affected due to their current trade agreements with the us so let s zoom in on another huge exporter germany the study found that a new twenty five perc