Anger and uncertainty had buyers annual meeting putting the german chemical giant on the defensive the legal troubles of its recent acquisition monsanto have shareholders up in arms. And u. S. First quarter Economic Growth beats all expectations but investors were missed in their response the financial correspondent tells us why. Also on the show japan has a notorious work till you drop Business Culture or the countrys Labor Shortage is now giving workers in one sector some leverage to challenge those expectations to give the details. And Student Peers in berlin thanks for joining us german chemical multinational buyer faces shareholders at the groups annual meeting friday in bonn and as expected it was a tense affair the companys share price has lost nearly half its value following last years takeover of u. S. Agra tech for months and in particular after two American Court cases linked that
companys Popular Weed Killer round up to cancer cases and thats put buyer in the crosshairs of
a significant celebration of inventory build in a week you will be challenging to repeat viewing the current quarter such as this surprise in a spike in government spending also consumption growth the two thirds of the u.s. economy came out at one point two percent of the celebration from two point five percent quarter of two thousand and eighteen so it seems that old will be economy may not have been as a strong quarter as their headline g.d.p. growth rate suggest they economy it s not in danger of either office telling anytime soon. so a mixed bag there jose luis de haro there for us in new york thank you jose now over to china the country s belt and road initiative aims to link the asian power to markets around the world through massive infrastructure purchases and projects of scale of the initiative and the dead it s already created for host countries have drawn criticism china is now holding
must remember that gas prices are up, and he went on to say, dana: i m joined now by nicole from the floor of the stock exchange and, nicole, the iranians opec leader shot back to the president to say stop talking about this, you are causing the prices to go up. what do you know? well, the truth is that the u.s. has been pumping it out. but they have to work together. what you ve seen from abroad, there are concerns about disruptions, iran, libya, venezuela cutting production. those things will boost oil. oil hovering at its highest levels of the year, west texas moved ahead of $75 and today there is a pullback some because a weekly report showed an inventory build, a little more inventory than what was expected, a billion barrels versus the drawdown of 4.50 million but we re seeing it
not immediately. we re going to have to start seeing a lot more good jobs reports before i think janet yellen would be inclined to dial back on quantitative easing. there was a lot in the gdp report that was troubling. for example, an awful lot of it was inventory build. consumer spending was down from the second quarter to the third, business spending was down second quarter to the third. imports improved, but there we ve recently seen a surge in what s coming out of china so that could reverse. so i think there s still reason to be cautious. are you cautious as well, greg? obviously there are big political implications here because we re a year away from the 2014 midterms and where the economy is then will have a lot to do with who gets elected. look, we ve been disappointed so often with this recovery in the last four years, anybody that s not cautious has been not been watching the news. but i m consciously optimistic. because so many things are due
economic growth, which people were jumping up clapping about the markets were, but that s still pretty lousy. all of that inventory build. that won t happen again u ben stein? one reason to raise taxes we have a 1 trillion dollar deficit, but i agree with charlie, we ve got to cut this noncess out how we need 50 billion of extra stimulus. look, we re running 3 billion a day of deficit spending, we don t even know if deficit spending is stimulative. we don t have to prove that that s stimulative. we re running such a huge deficit. unless he s a poker player and this is a bid to throw us off pace, that s not a serious proposal. we re not dealing with this seriously at 1600 pennsylvania avenue and he owes the population a lot more than he s showing. neil: adam, i m worried that they make a christmas tree out of this and throwing more and more ornaments because it s the next