Cocoa to the girl max new to china. Good line of stories. With the exclusive. The must see consuming sparkling culture teacher of. The place should be curious minds. Do it yourself networkers. Subscriber and dont miss out. Is that the verse germany about to borrow to stimulate its economy wall street thinks so and into a wild week with the gate but dont count out markets custom is a. Correspondent. And one of germanys best known brands turns 70 well show you what a long profitable journey its been for audi dos. This is your Business Report im stephen theres a but thanks for joining us. Stocks on wall street climbed friday as investors looked to end a turbulent week on a positive note theres a great camera the Dow Jones Industrial average ending the day up by just over a percent or a report that germany is open to an economic stimulus package helped bring buyers back to the market and it appears the berlin government is willing to suspend its balanced budget rules and take on debt now i
A positive note the Dow Jones Industrial average ending the day up by just over one percent report that germany is open to an economic stimulus package helped bring buyers back to the market it appears the berlin government is willing to suspend its balanced budget rule and take on debt investors hope that europes largest economy can steer itself away from recession. And lets go now to our financial correspondent in new york jose luis to horo was a good to see there so say every everyones watching germany here why is everyone watching germany why are investors so interested in german fiscal policy. Well stephen as you mentioned even germany implements any kind of a stimulus that may have boyd a recession or an economy get sick nation at a time that investors a year in wall street see a growing financial will not ability of german households and Companies Germany is the biggest economy in europe and even if the European Central bank will probably implement a fresh set of the stimulus it
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implement a fresh set of the stimulus it s in fact may be limited sense we are already close to that effective lower bound of monetary policy so the possibility of a push from a different school side makes it markets and believe that the current downturn in germany will not morph into a long lasting crisis actually it could also help all the european countries and let s not forget that the e.u. is a key partner of the us actually the us that we has exported goods with $170000000000.00 so far the year until you see is in germany part of exporting goods that go to germany. there was a let s pull back a little bit it s been a volatile week on wall street ups and downs which we make of this. probably that the bullet is here to stay to say as stephen dumble until you do you mention it started over 2 weeks ago as the u.s.