really great time in the netherlands. i spent three years there and further develop my football skills it was a super time. if he plays in amsterdam on saturday jim you will hope it's as his shooting the song. we'll find out here watching it when you use it we have so a lot more to tell you about including panic grips global markets as a major sellout takes hold donald trump echoes turkey's present heir to one by calling the fed crazy for hiking interest rates and then we'll have that story for you right now. to. make your smart t.v. smarter d.w. for smart t.v. . what you want when you want to look to do extraordinary
in-depth decide what songs find no more. dot com smart t.v. . raring to me. not everyone who loves books has to go insane. w. literature list one hundred german my street. hold on to your seat global stocks slump is this the next crisis european equities retreat asia sees the worst losses in years. and who's in the driver's seat now b.m.w. takes a majority stake in its joint venture in china the first to do so. i've been fizzling. let's to business wall street had its worst session in
a long time last night at his flat today a trade war and interest rate hikes have everybody on aging clytie u.s. president donald trump he's called the fed reserve crazy for raising rates. market turmoil on wall street followed by a massive slump in asia investors around the world are feeling the heat one issue weighing on their minds whether the u.s. fed is going to raise interest rates again it's already done so three times this year it's a measure central bank take to put the brakes on a robust economy markets don't always like this because it makes it more expensive to borrow money. another person who doesn't like it u.s. president donald trump here's what he had to say about the fed on his way to a company in raleigh. now i think the press that is. making
everything is so tight i think that is going great. trump's comments come as the international monetary fund and the world bank hold their annual meeting in indonesia so the mood there has been pretty bleak not only have the institutions lowered their forecast for global growth they've also released a report that says the world's financial system is at risk i.m.f. chief christine lagarde even made a veiled reference to trump's remarks by defending central banks it's clearly. a necessary development for those economies that are now showing. much improved growth. inflation that is picking up the falling into the range or reaching the threshold and employments that of extremely low it's inevitable that. central banks make the decisions that. clash in ideals between the head of the international monetary fund and the u.s.
president warnings that the global economy is slowing down and becoming unstable not to mention a continuing trade war between the us and china against this backdrop investor jitters are likely to enjoy. a chat about that with conrad bulls an avalanche a correspondent in frankfurt can read there's no doubt there are jitters but does this have the potential to get worse. well yes it does but despite all the assurances by so many economists that the fundamentals of the economy remain strong if you talk to people here on the trading floors they also remind everyone that the markets are navigating in uncharted territory for years prices on the markets have been propped up by this super generous money supply by the fact that monetary policy is more or less have taken the bond markets out of the game nobody can
really predict what's going to happen now that these super extraordinary monetary policy is slowly slowly being scaled back and then is this prolonging trade war more uncharted territory though where do you see the ship heading. well of course all the risks are on the table you know the trade wall between china and the u.s. being one of them we are now about to start to the third quarter earning season especially american companies have not really priced in the u.s. china trade conflict in their predictions it's going to be interesting to see what the earnings would look like on red bulls an interesting stuff old talk to you tomorrow. you also asked our correspondent in indonesia. how trump's fed criticism is going down with the financial elite including the head of the international monetary fund christine lagarde is in very good company here at the
i.m.f. annual meeting she has basically just voice what everyone here has been saying yesterday who was the french the e.u. commissioner who we see used to be france's finance minister so he did so he also knows what he's talking about and he basically said that the trade war that donald trump has started is stupid so even though donald trump is not here he's basically taking center stage at these meetings here and there's a lot of consternation about what he might do next. b.m.w. has taken control of its chinese joint venture the german can make a is the first to take advantage of beijing's new ownership rules for the stick to it look for the twenty five percent stake in the venture with brilliance china or a motive for three point six billion euros that would bring its stake to seventy
five percent by twenty twenty two foreign companies had been restricted to no more than fifty percent stake. joins us now from before with the church tell us is china finally opening its economy. well that is probably too early to say with we see is an encouraging signal yes it's important for of course it's a signal also that it will be noticed in the automotive industry but there are many more sectors and many more areas in the chinese economy that need reform and opening up and we'll all be seeing the tip of the iceberg as it only happened for b.m.w. because b.m.w. z invested so much money there that that's huge investment i mentioned before in factories in china well that certainly plays a role you know the opening up also sends a very powerful signal tool washington to the white house because what b.m.w.
will do is relocate production of s.u.v.s from spartanburg to young that will be something that the trump will notice and that those shows very clearly china can do or something about the trade war with america that it is in has allies in doing so and b.m.w. in watch and only probably german comedy goes please if you can roll in this so this sounds two pronged from the chinese point of view because trump was calling for a level playing field but at the same time he's not going to be too happy about that shift of production. yes that is right it's a two pronged signal in many ways one that yes. will under pressure china react to mean the europeans have been negotiating with china for years you know to create a volatile investment treaty with the idea of opening up those china is moving now so that's an important signal but on the other hand it's also clear that it shows
the americans that the that the world is bigger than just a bilateral relationship between the bridging and and washington many other players around in in this multitude of in this mixture of things the world is much more complicated than probably we know what what the white house logic actually is yours you have from this the five miles from the phones the g. thank you very much. french president a memo mccaw is loaded as a climate hero but his country is lagging when it comes to the new bills it wants to produce twenty three percent of the energy mix with green sources by two thousand and twenty that won't happen if the french can't get those turbines spinning. this wind farm developer has high hopes for the french market he wants to launch dozens of additional projects like this one. france especially there is really everywhere and you can establish wind farms all across the country
that's not possible in other countries such as germany. but constructing new onshore wind farms isn't easy in france it can take up to eight years to obtain the necessary permits and that process is now facing further delays late last year a court decision declared parts of the permit in procedure void annoy those who support. the government should have taken care of this program straight away it still hasn't pinned down the new permit in process more losing so much time is very frustrating. because. the deadlock will delay the construction of wind farms that could replace five nuclear reactors by several years and the country needs these wind farms if it is to achieve its green power goals all the more because other renewable energy sources are lagging even further behind economists and i kitty says economic and cultural reasons also play
a role yeah says engle and south it nuclear represents three fourths of france's energy production that needs to decline to make room for new boats but shutting down reactors is very expensive and controversial including among the french public . they're committed to nuclear energy which is a fixed part of their world view down. on the n.r.c. still the government is committed to winning the country away from nuclear power and clear i don't see that it's true that france is focused on nuclear energy for too long but we will change that and reduce the need to share to fifty percent we won't be able to. initial deadline of twenty twenty five that would have required to us to shutdown up to twenty seven reactions by this for live on said we have to abandon that goal and how much it with a new and more realistic target to know. that is the best teach us on this new
plan have yet to be released but. still believes that better times lie ahead yeah i'm only a poor ghost questioning need to energy is no longer to the french just slowly but surely recognizing that montreal power is up to three times or more expensive so when the genie thought i think you might eventually produce all our energy from renewables you know your own with. an optimistic goal but that day is still a long way off right now and you will still cover only seventeen percent of france's electricity needs. these are the us reporting first their nice doing business with you.
tube. june. july. international. journalists discuss the topic of the. week fix a big weekend in german politics the people of the verite go to the polls in an eagle a awaited regional the election advantage cup could reshape german politics at the national level find out how to open quadriga shortly.
quadriga next on d w. forces are under pressure they're battling recruiting problems for outdated and broken down equipment and limited budgets. the challenge is a huge lesson is there enough enough planes are not enough transport helicopters were not enough tanks have temptations that don't have tanks on. innovation and modernization must serve them in a trade. so outsourcing and tribe it is asian are the border of the day in all areas but not composed dangers. just musical is finished we won the risk of
becoming too dependent on private contractors who may not provide the services they promised often used to listen every time that war goes on private sector businesses make more money with everything from recognizance drones to laundry facilities firms arkell training the foreign forces in france against germany. during just go complex starts october twenty fifth on d w. one a very warm welcome indeed to quadriga and all ice here in germany or on the big. prosperous an influential southern state of bavaria where people go to the polls this weekend election that could have a major impact at the national level the conservative c.s.u. party has ruled to be very a without interruption for over sixty years but that period of dominance looks to

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