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A war and that i m now joined by john l. duma lound with joins us at the from food stock exchange first of all i mean this is quite an interesting turn of events there did anyone see that coming. indeed well unicredit has a history of wanting to buy as early as two years ago it approached the german government in order to save in order to say so bearing in mind that the german government is committed its banks largest shareholder it abandoned the plan amid its own restructure but clearly it s resurfacing today what s interesting to note here is the reporting that when a credit is prepared to wait for the failure of the. talks before proceeding on its own now shows you the credit doesn t want to weaken its standing with berlin which famously pushed for the. bank merger in case at the sides to make a play of its own but how did all of this go down. believe investors aren t happy. ....
By for us at the front food stock exchange daniel as the german steel industry taking the news well not positive at all monica the big two still companies to sin and good to have released statements so that they will have to wait for more details in order to really know how all of this is going to affect them but yeah many experts fear that steel exports to the united states could go down by more than fifty percent and many are fearing we just heard this from garrick as well then a possible trade war could happen investors don t like this at all because of this the reaction here at the franc for a stock exchange has been even worse then expect that the blue chip index dax lost more than two hundred sixty eight points this is also happening because even in the united states many question if with this protectionism of the other sectors such as the car industry could be hit very hard as well dow futures also indicate big ....