trains, is siemens paying for all that? >> yes. >> directives, any other questions on these two issues? >> i guess my only question is, if we discussed -- usually we expect siemens to expect -- should we expect them to pay for those things. have we discussed them paying for the interim and the long-term solution, has that been part of our solution, or are we assuming that? >> for those issues that we have clearly identified as a design problem, that's a very clear that siemens is responsible for that. >> for those issues, siemens has accepted responsibility for those. there are a number of different changes that we are making, some of them are based on correcting design issues, some of them are things that we are adding, or we are requesting of them, so each one has a different story, but the coupler, for example, it is a very clear case of the design is not working as intended, that is wholly the responsibility in the contract. >> very good. and a related question, thank you, that was an important clarification. when you t

konrad stay with us we have to talk about siemens of course the industrial giant saying that it will spin off its gas and power divisions in an i.p.o. next year the former core division which employs forty four thousand workers has come under increasing pressure in recent years as many countries move to renewable energy like wind and solar power the gas and power unit generated only three hundred seventy seven million euros profit last year making it seem least lucrative division the company plans to focus on digital industries and smart infrastructure as well as its health and ability units. and let's go back to conrad for current what should we make of this announcement of the carve out i guess of this division . well you know cell producing and selling turbines for traditional power plants driven by coal gas and nuclear this is a business a little bit of the past and it's also a business where you have fierce competition large overcapacity siemens simply realize that it will never again be able to produce the margins in this business it used to produce in the past and that's why i

trains, is siemens paying for all that? >> yes. >> directives, any other questions on these two issues? >> i guess my only question is, if we discussed -- usually we expect siemens to expect -- should we expect them to pay for those things. have we discussed them paying for the interim and the long-term solution, has that been part of our solution, or are we assuming that? >> for those issues that we have clearly identified as a design problem, that's a very clear that siemens is responsible for that. >> for those issues, siemens has accepted responsibility for those. there are a number of different changes that we are making, some of them are based on correcting design issues, some of them are things that we are adding, or we are requesting of them, so each one has a differe

and over to germany were siemens says that it will spin off its gas and power division in an i.p.o. next year the former core division which employs forty four thousand workers has come under increasing pressure in recent years as many countries move to a new book energy such as when solar power and the gas and power unit generated only three hundred seventy seven million euros profit last year making it seem as least lucrative division the company plans to focus on digital industries and smart infrastructure as well as its health and mobility unit. let's talk a little more about this with our financial correspondent frankfurt conrad who is a. misinterpret the market for the turbine business. to some extent maybe stephen but we also have to consider that competition in this business is so crass that sims seem has simply realized that it will never be able to reach the margins it used to reach in the past remember five years ago siemens tried in vain to take over the power division the turbine business of. a business that was then bought by general electric since then general electri

shares in german engineering conglomerate siemens have jumped after the group reported steady profits in the second quarter the results follow its announcement that it will spin off its power and gas unit the former core of division has come under increasing pressure in recent years as many countries move to renew a bill energy like wind and solar power the gas and power unit is the companies to be lucrative siemens plans to poke us on the digital industries and smart infrastructure as well as its health and mobility units. and that's it for me and the business team in berlin for more business news and features you can always visit d.w. dot com slash business thanks for watching. what's the connection between brett powell and the european union dinos guild contests e.w. correspondent alan baker can stretch this particular line with the words sex by the team. cuts. instead of being recipes for success strategy that make a difference. baking bread on d.w. . colby's in germany to learn german. polish beneath him why not learn with him online on the mobile and free from the w.c. learning

anna: siemens plans another spin off. will lift its gas business. 10,000 jobs could get cut across the division. and after the break down. commerzbank proves its strongnce with first-quarter revenue following withailure of merger talks deutsche bank. good morning to matt miller. you are in frankfurt. withocus on deutsche bank. good morning to matt miller. you are in frankfurt. the focus on the german banking sector this morning. matt: i will go over and interview the cfo of commerzbank later on. commerzbank did not miss revenue estimates. that is the most important headline for the bank. euros in 120 million earnings and it was the interest in -- interest in and come they added 123 -- 123 euros in earnings and it was the interest priva123,000 customers. i will go speak to stephan engels. don't miss if you care about the banking sector. lots to discuss. let's talk about where we are on equity markets. let's get to the about where wen equity markets. let's get to the futures, european equity futures. are we ready to draw li

shares in german engineering conglomerate siemens have jumped after the group reported study of profits in the second quarter the results follow its announcement that will it will spin off its power and gas unit the former core division has come under increasing pressure in recent years as many countries move to a new opel energy like wind and solar power the gas and power unit is the companies to these lucrative siemens plans to focus on the digital industries and smart infrastructure as well as its health and mobility lives. and that's it for me and the business team and berlin for more business news and features you can always visit d.w. dot com slash business thanks for watching. what secrets lie behind these memos from the. find. yourself experience and explore fascinating and cultural heritage sites. the d w world heritage three sixty the gift. of life. from people make fun about their own social economic and political problems. in mozambique the state that you have to ask so you don't write it's whole people called me daily. as a journalist i often call cults focus in that banks

siemens is up 5%. itv, this is the uk's biggest commercial broadcaster, one of europe's biggest commercial broadcasters, suffering from a number of things, including the ongoing netflix effect. the other story is brexit. companies are spending money on brexit preparations and not spending it on advertising. itv is suffering. imperial brands is trading down sharply. 5.63%. an incredible volatile story as late as we watch the legislation and regulation changes that have been taking place around the world having an effect. it does seem this is a stock buffeted by news out of the united states on whether or not menthol will or will not be allowed. the future for this company lies away from tobacco come into some new products coming through. imperial trading down 5.63%. that is a look at where europe is finishing today. taylor: we want to talk about news coming out of the u.s. in the last 30 minutes, headlines that the u.s. did receive an indication that china was coming here to make a trade deal. you did s

taylor: time now for our stock of the hour, and it is siemens. shares of the german engineering conglomerate are trading at their highest since october of last year. emma chandra is here with more. it is a beat, but more importantly another step on the road to bricking up the company. emma: absolutely. siemens saying today they are going to spin out their gas and power division, something that analysts had speculated might happen. the confirmation of it today the reason we are seeing this big pop in the stock. take a look at this chart. it is the best day for the stock in more than a year. that is the big green bar at the end. you will have to trust me on that one. the gas and the power unit, one of the biggest revenue drivers for siemens, but one with the lowest profit margins for the company. that is part of the reason for spinning it out. now we got the chart, showing what a great day it has been for siemens. it is the latest in a round of company.dation for the mergedpast, they have the wind power division with a spanish company, try to spin

companies move to renewable energy like wind and solar gas or unit is the company's least lucrative siemens plans to focus on digital industries and smart infrastructure as well as its health and mobility its. germany's geographical location smack bang in the middle of europe means that intra european commercial traffic is crisscrossing the country day and not so noisy diesel guzzling trucks tend to dominate the country's outer bonds and that numbers are increasing now germany has opened its first electric highway for hybrid trucks testing the technology on both sides of a five kilometer stretch south of france. for andreas pettersen electric trucks are nothing new he works for the swedish manufacturer scania which has been developing in building electric trucks for a number of years this new model gets its power from overhead contract lines using a pantograph. the silence they say the freds. when you turn off the internal combustion engine and go electric. you still have a little noise from the tires of course but you have no way brazen and no sign sound from the days of that. there are fi

shares in german engineering conglomerate siemens have jumped after the group reported steady profits in the second quarter the results follow its announcement that will it will spin off its power and gas unit the former core of division has come under increasing pressure in recent years as many countries move toward a new opel energy like wind and solar power the gas and power unit is the company's beast lucrative siemens funds to focus on the digital industries and smart infrastructure as well as its health and mobility units. and that's it for me and the business team and berlin for more business news and features you can always visit d.w. dot com slash business thanks for watching. fifteen thousand euros for. the tongue gets a new crane is nine months pregnant. she's a surrogate mother carrying the child for whom parents and it's perfectly legal. for many women. to go into. production. sixty minutes w. . europe a big idea. but what's become of it. look look like tomorrow. evening for a better future isn't enough europe requires our christmas vacation. european elections twenty nin

related news manufacturing conglomerate siemens has announced that it will separate its gas and power division corporate leadership says the move will advance the goals of quote clearly focusing its portfolio one day nema growth markets and efficiently efficiency gains as part of its vision twenty twenty plus restructuring plan the newly independent unit unit would have annual sales above twelve billion euros and plans include a stock listing for the company by september of two thousand and twenty siemens will reportedly retain a minority stake in the spin off company plans also include the cutting of ten thousand jobs in siemens or remain in core divisions to be more than offset by the creation of twenty thousand five hundred more siemens stock would have which has been trending higher this year jumped by almost five percent on news of the spinoff . finance one of the wall of the biggest crypto currency exchanges was hacked on tuesday at about seven thousand declines valued at forty million dollars were stolen the attack was reported as a coordinated effort that was well orchestrated

the new technology was developed by german industrial giant siemens. instead of one regular diesel engine it was fitted with 2 electric motors each delivering $450.00 kilo watts of power the batteries are recharged during the 10 minute loading and unloading time between trips. downtown oslo is almost now entirely car free the authorities are installing a large battery by the harbor to supply ferries and busses with electricity the 1st $100.00 electric buses are set to come into operation this year and these large scale loaders in norway are in turn boosting the production of evie it cools. it when this rain is also to encourage supply is big we have to place orders now and for them to stop making the buses that we don't need in oslo we have to. say we want to buy the technology for the future today if we don't want a future would arrive too late. when it comes to electrification norway has 2 major advantages over the rest of europe energy here is cheap and clean norway acquires around 95 percent of its electricity from hydro power plants. plus the stat

aviation experts are also looking at options for the future their bus and siemens have joined forces to establish a special research department. their hopes now rest on this small aircraft powered by electricity. global passenger numbers are forecast to rise by a further 50 percent over the next decade this will also mean an increase in the number of flights and aircraft at the same time the aviation industry has committed itself to reducing its emissions so how are those seemingly contradictory some supposed to add up. their bosses biggest competitor boeing is also experimenting with electric power is flying with electricity really the solution frank until one is a passionate physicist and a keen pilot he is head of siemens b. aircraft unit and naturally flies the electric prototype himself. instead of a combustion engine this plane is powered by 9 battery banks which provide enough energy for a 40 minute flight the system works fine with 2 seat. aircraft but what about larger scale planes here the batteries would still be too heavy the team at the siemens lab are developing lightwe

companies move to renewable energy like wind and solar dawson unit is the company's lease lucrative siemens plans to focus on digital industries and smart infrastructure as well as its health and mobility its . germany's geographical location smack bang in the middle of europe means that intra european commercial traffic is crisscrossing the country day and not so noisy diesel guzzling trucks tend to dominate the country's outer bands and that numbers are increasing now germany has opened its first electric highway for hybrid trucks testing the technology on both sides of a five kilometer stretch south of france. for andreas pettersen electric trucks are nothing new he works for the swedish manufacturer scania which has been developing in building electric trucks for a number of years this new model gets its power from overhead contact lines using a pantograph. the silence inside the freds. when you turn off the internal combustion engine and go electric. you still have a little noise on the tires of course but you have no why brazen and no sign sound from the diesel and there are five kilo

we have worked with siemens and the door designer to put in two additional sensitive edges. the first is the red stripe which is on the door itself, and then the second is at the blue stripe which is on the outside of the train. in addition, what we found was that if we overwork the door enough, the sensitive edge didn't behave as designed, but our testing procedure, which was following the industry standard, it was only testing it straight on, it wasn't picking up that wear and tear, so we had a situation where the test we were using were telling us that the door was working, and common sense, you know, my hand specifically being stuck in the door and it was not working. and so we have redesigned our approach to the test, so we are now testing it at multiple angles, in addition to straight on. we have now, i think, a much more sensitive door. we have a better testing procedure that will allow us to make sure that the train that we put out today continues to function as expected throughout. we are going to watch the third sensitive edge over the next several months. that is

aviation experts are also looking at options for the future there but some siemens have joined forces to establish a special research department. their hopes now rest on this small aircraft powered by electricity. global passenger numbers are forecast to rise by a further 50 percent over the next decade this will also mean an increase in the number of flights and aircraft at the same time the aviation industry has committed itself to reducing its emissions so how are those seemingly contradictory some supposed to add up. their bosses biggest competitor boeing is also experimenting with electric power is flying with electricity really the solution frank until one is a passionate physicist and a keen pilot he is head of siemens aircraft unit and naturally flies the electric prototype himself. instead of a combustion engine this plane is powered by 9 battery banks which provide enough energy for a 40 minute flight the system works fine with 2 seat. aircraft but what about larger scale planes here the batteries would still be too heavy the team at the siemens lab are developing lightweigh

focus in europe turns to results from commerzbank and siemens. manus: commerzbank delivers numbers and they are banging in line when it comes to revenue. the market is suffering from shrinking market share in germany. you have got an equity ratio a little bit ahead of estimates. underlying revenue for this year will be higher than the last year. course, this is the commerzbank-deutsche bank breakdown that leaves the bank vulnerable. we spoke to the ing ceo last week, he would not tip his hand. jpmorgan is saying the company now has a target on its back. return on tangible equity by 2021 is just under 5%. the ceo will continue to work on profitability. it is a weaker german economy. these are the challenges for commerzbank, where they go to next? they are planning to pay out dividends of a ratio similar to 2018. nejra, you have got more breaking news, looks like this out. stephen engle's is live from frankfurt at 10:30 a.m. u.k. time. good morning. nejra: good morning. second quarter industrial comes in at 2.4 one billion, a clear beat of estimate

some of the other business stories making headlines around the world shares in a german engineering siemens have jumped after the group of audit study profits in the second quarter the results follow its announcement that it will spin off its power and gas units form a coal division the division has come on the recent pressure in recent years as many companies move to renewable energy like wind and solar. unit is the company's least lucrative siemens plans to focus on digital industries and smart infrastructure as well as its health and mobility its. germany's geographical location smack bang in the middle of europe means that intra european commercial traffic is crisscrossing the country day and not so noisy diesel guzzling trucks tend to dominate the country's outer bonds and that numbers are increasing now germany has opened its first electric highway for hybrid trucks testing the technology on both sides of a five kilometer stretch south of france. for andreas pettersen electric trucks are nothing new he works for the swedish manufacturer scania which has been developing in building ele

related news manufacturing conglomerate siemens has announced that it will separate its gas and power division corporate leadership says the move will advance the goals of quote clearly focusing its portfolio one dynamic growth markets and efficiently efficiency gains as part of its vision twenty twenty plus restructuring plan the newly independent unit unit would have annual sales above twelve billion euros and plans include a stock listing for the company by september of two thousand and twenty siemens will reportedly retain a minority stake in the spin off company plans also include the cutting of ten thousand jobs in siemens will remain in core divisions to be more than offset by the creation of twenty thousand five hundred more seamen stock would have which has been trending higher this year jumped by almost five percent on news of the spinoff . finance one of the wall the biggest crypto currency exchanges was hacked on tuesday at about seven thousand declines valued at forty million dollars were stolen the attack was reported as a coordinated effort that was well orchestrated by

siemens having a good day today. that's pulling off that basket, and then the tech sector, which is obviously a very big focus of the market this week the last couple of days, also having a good session today up half a percentage point. remember, yesterday i talked about the weakness in u.s. equities a lot of the weakness was in the tech sector pulled down by semiconductors better day for technology overall. surprising that the dollar hasn't really done as much as you would anticipate in these moves. the reaction across the board today is -- well, the euro is trading stronger tells you the dollar is trading weaker on a day when obviously risk was very much in risk-off mode yesterday dollar hasn't caught a bid versus the euro. sterling pound sterling also trading on the back foot today we are right in the middle of brexit discussion week, and so the big question for markets is whether or not the cross-body talks will actually lead to positive results one of the main focuses of the markets today has also been on europe

shares in german engineering conglomerate siemens have jumped after the group reported study profits in the second quarter the results follow its announcement that it will spin off its power and gas unit the former core division has come under increasing pressure in recent years as many countries move to renew a bull energy like wind and solar power the gas and power unit is the companies to be so lucrative siemens plans to focus on the digital industries and smart infrastructure as well as its health and mobility units. and that's it for me and the business team and berlin for more business news and features you can always visit d.w. dot com slash business thanks for watching. sometime in the twenty sixth. my great granddaughter. of the world life time in around half a century. your world will be around to degrees moment. inevitably sea levels rise by at least one central. we're going to have some climate impacts to turn greater than we see oh maybe. it's really frightening. mother. why are people more concerned. starts may thirty first. day i want to represent you so what do you wa

government has suspended the operations of forty four and for strange oil firm to todd and german company siemens are among them the decision comes a day after libyan prime minister fayyad is also visited paris to discuss the recent fighting for control of the capital. and global markets have fallen ahead of key trade talks between the u.s. and china the two nations have been locked in a trade war for the past year with a new round of u.s. tires due to go into effect on friday. pope francis says issued a new law making it compulsory for all clergy in the catholic church to report cases all cover ups of child sex abuse the requires priests and nuns to report sex crimes to their superiors but not to civilian authorities all of a crimes heard during confession are excluded it also requires all churches to have abused reporting systems and a way to deal with victims in place by june two thousand and twenty this month campaign is criticize the pope for failing to promise is zero tolerance approach to paedophile priests who cover up their crimes michael walsh is a papal historian he says it's a step in

forget about all the factors such as a slow johnny global economy competition from major players like siemens and the threat of a rising target and all the. eighty's also worth noting that general electric eliminated 30000 jobs last year was a lose the heart of the force in new york thank you. and speaking of french jobs renault and chrysler are considering joining forces to create one of the largest car companies in the world and the french government wants a guarantee that no jobs will be cut in any merger. fear is stalking the assembly lines of fear at chrysler and. for the workers turn out cars and buses and negotiating a possible merger the idea is to create a new auto giant but it's not just french workers the french state also wants jobs to be protected should you take hold renault chairman john dominic said now a very clearly that it was the 1st of the guarantees i wanted from him in the opening of these negotiations with. a guarantee for french industrial jobs on sites and another guarantee required by the minister any deal must strengthen the alliance between of unknown japan's nikk

forget about all the factors such as a slowdown in global economy competition from major players like siemens and the threat of the rising tires and all the. eighty's also worth noting that general electric eliminated 30000 jobs last year was the heart of the force in new york thank you. and speaking of french jobs renault and chrysler are considering joining forces to create one of the largest car companies in the world and the french government wants a guarantee that no jobs will be cut in any merger. fear is stalking the assembly lines of fear at chrysler and. for the workers turn out because the bosses are negotiating a possible merger the idea is to create a new auto giant but it's not just french workers the french state also wants jobs to be protected. and sold renault chairman john dominique said now a very clearly that it was the 1st of the guarantees i wanted from him in the opening of these negotiations with. a guarantee for french industrial jobs on sites and another guarantee required by the minister any deal must strengthen the alliance between the no one japan's nikkei. so ther

forget about all the factors such as a slowdown in global economy competition from major players like siemens and the threat of a rising target and all the. eighty's also worth noting that general electric eliminated 30000 jobs last year was in the heart of the force in new york thank you . and speaking of french jobs renaud and chrysler are considering joining forces to create one of the largest car companies in the world and the french government wants a guarantee that no jobs will be cut in any merger. fear is stalking the assembly lines that fear cries of the north for the workers turn out cars and buses and negotiating a possible merger the idea is to create a new water giant but it's not just french workers the french state also wants jobs to be protected. should you take hold of a no chairman john dominique's and now it very clearly that it was the 1st of the guarantees i wanted from him in the opening of these negotiations with. a guarantee for french industrial jobs on sites and another guarantee required by the minister any deal must strengthen the alliance between the no one japan'

forget about all the factors such as a slowdown in global economy competition from major players like siemens and the threat of a rising target and all the. eighty's also worth noting that general electric eliminated 30000 jobs last year was in the heart of the force in new york thank you . and speaking of french jobs renault and chrysler are considering joining forces to create one of the largest car companies in the world and the french government wants a guarantee that no jobs will be cut in any merger. fear is stalking the assembly lines of fear at chrysler and the north for the workers turn out because the bosses are negotiating a possible merger the idea is to create a new also giant but it's not just french workers the french state also wants jobs to be protected. should you take hold of i know chairman john dominique's and now very clearly that it was the 1st of the guarantees i wanted from him in the opening of these negotiations with. a guarantee for french industrial jobs on sites and another guarantee required by the minister any deal must strengthen the alliance between good noan

government has suspended the operations of forty foreign firms french oil company to a tile in germany siemens are among them the decision comes a day after libyan prime minister pfizer visited paris to discuss the recent fighting for control of the capital tripoli they've been accusations the french government is helping their wallet haifa have tom and his offensive for tripoli that speak talk are spawn and in libya's capital mahmoud abdel why hide so muddled a band of on more than forty companies how significant this is and why these companies in particular. will fully that seems very significant especially for the french companies on top of them the famous energy company. but the ministry of economy and industry. the government says that it's suspending the operation for those companies because as the ministry says the companies violated libya's trade laws and it also said that. the contracting activities of those companies have has expired and it seems that the ministry is demanding certain there could be sophisticated procedures to. resume work with these companies but remember fully this

on his agenda a lot of america has long been an important market for german companies big names like siemens fox wagner and bosch have had a foothold there for years now they along with dozens of other german firms account for some five hundred and fifty seventy five thousand jobs in the region the german business is the biggest investment opportunities are in infrastructure and renewable energy but german firms are also interested in raw materials especially in lissie him which is used to make batteries for electric cars and that in america currently accounts for sixty percent of global production as germany continues its quest to switch entirely to renewable energy investment in the areas expected to expand significantly oil rich venezuela is not caught off. sure but he warned against an armed conflict there as the country descends into political and economic chaos. venezuelans have had enough and they want change now over the last five years their economy has been in a freefall. the country's g.d.p. has been tumbling the venezuelan economy has been declining since twenty thirteen the decr

uranium stocks in the country rather than sell them abroad terrans also given the pack signature he's siemens to ensure they are upholding their side of the deal or it will regime production of more highly enriched uranium the move met with a mixed reaction from europe and a new round of sanctions from washington. the united states wanted to pull out of the g c p a way in order to make iran withdraw from the deal the day after so the us would be able to refer the case to the un security council that sought to ease the burden on the shoulders of the us to redouble and ratchet up the pressure on iran iran did not fall into this trap. we have continued to say actually every that leads us to believe that there is escalation that may be taking place and so we're taking all the appropriate actions both from a security perspective and well as. our ability to make sure that the present has a wide range of options and they made this up there should actually take place what we've been trying to do is to get iran to be him like a normal nation. state unfortunately this is typical of our american colleag

uranium stocks in the country rather than sell them abroad to iran has also given the pact signatories siemens to ensure they are opposing their side of the deal or it will regime production of more highly enriched uranium the move met with mixed reaction from europe and a new round of sanctions from washington. the united states wanted to pull out of the g c p a way in order to make iran withdraw from the deal the day after so the us would be able to refer the case to the un security council to ease the burden on the shoulders of the us to redouble and ratchet up the pressure on iran iran did not fall into this trap. we have continued to say actually every that leads us to believe that there is escalation that may be taking place and so we're taking all the appropriate actions both from a security perspective and well as. our ability to make sure that the present has a wide range of options and they made this up that should actually take place what we've been trying to do is to get around to be him like a normal nation. unfortunately this is typical of our american colleagues whether it's in

officials say siemens is paying for the redesign. >>> businesses will be required to accept cash payments under an ordinance approved by the board of supervisors. food trucks, pop yums and ride share services are exempt. supporters say cashless merchants discriminate against the poor by requiring credit or debit cards for purchases. many low-income residents can't afford or can't get the cards, and the law goes into effect in 90 days. >>> history made at the oakland coliseum last night. a's pitcher mike fiers struck out reds third baseman suarez to complete his second career no-hitter in oakland's 2-0 victory. fiers becomes the 35th pitcher with no-hitters in his career, also the 300th in major league baseball history. >>> we have all seen it, right, graffiti covering bay area highway signs. they're stopping it in southern california so why not here? >>> also, an update coming in on a deadly fire in new york city making overnight headlines across the nation, a family killed and we have now learned some are children. >>> california teachers are about to get a new education in teaching your

shares of siemens jumped on stronger than expected profit. from company saying it would cut as many as ten thousand jobs as part of a broader restructuring. including spinning off its oil and power units. south african rand has had a rocky session as voters head to the polls in a general election which amounts to a referendum on president zero run opposes government. currency plunged as voting got under way but then recovered to trade up about point 3% against the us dollar. analysts say a resounding win for the ruling anc party could sit around rally investors are looking for a strong mandate for the president's economic reform. to attract more international inter investment. drivers a for the ride sharing service uber on strike in cities across the us and u. k.. they're trying to draw attention to what they say are poor working conditions and salaries as the out prepares to list its shares on the stock market for the first time. the ipo is expected to value the company at tens of billions of dollars. and the striking drivers say they deserv

firms who it says violated trade laws they include the french oil company and the german tech giant siemens it comes a day after libyan prime minister fires set out visiting paris to discuss the recent battle for tripoli with the french president the man who in the problem it would be the accusations that the french government is helping the warlord highly for half that in his month long offensive to take the capital. yemen's a u.n. recognized government has accused the united arab emirates of sending separatist fighters to a remote yemeni island. which is fighting who the rebels in yemen along with saudi arabia then lies accusations that it's attempting to seize the island. is a unesco world heritage site in the arabian sea that a lot has more. so cartwright is known for his clear waters and serene environment bud is strategic location is creating tensions between nations that up to now have been allies yemen's un recognized government has accused the united arab emirates of sending around one hundred separatist troops to sue contre critics say it's an attempt to undermine the local govern

and for its says violated trade laws they include the french oil company and the german tech giant siemens it comes a day after libyan prime minister fayyad visited paris of the sky of recent battle for tripoli with the french president. there are vague accusations the french government is helping the warlords. in his month long offensive to take the capital . yemen's a un recognized government has accused the united arab emirates of sending separatists fighters to a remote yemeni island the u.a.e. which is fighting for the rebels in yemen along with saudi arabia denies accusations that its attempting to seize the island so-called is a unesco world heritage site in the arabian sea that he has more. tries known for his clear waters and serene environment bud is strategic location is creating tensions between nations that up to now have been allies yemen's un recognized government has accused the united arab emirates of sending around one hundred separatist troops to sue contra critics say it's an attempt to undermine the local government and ultimately annex the yemeni island. about how the

let's start off on the siemens. it is going to be carving out its gas and power unit. what we are looking at is a significant change in the structure of the company. this is something ge is going to be paying attention to. they will carve out the gas and power unit and then transfer the stake they have in the wind turbine business into that. also saying aside from that it is looking to trade more than 10,000 jobs and is targeting an industrial court targeted margin. related to this, we then have news on vestas. it is changing its ceo. henrik andersen will succeed as ceo. vonnie: it is time for our stock of the hour. chevron under pressure today. we are in a down market but there is more to this. kailey: chevron has lost out on anadarko, at least for the time being as anadarko has declared occidental's bid superior to chevron. the question is how much to chevron want this? chevron does have a lot of cash on hand. split as to whether chevron will come back. some say the only daughter $70 a share as their stock is worth so much more than anadarko, some see them walking aw

siemens executive centric nika says networking is key for the future of green energy. one of his responsibilities is energy management in asia. is not through the senate but in germany the electricity produced in the north sea and baltic sea is actually needed in the south and all of us cities and that's a bone if we don't build networks we have a big problem so as a business when the energy worth over a 1000000000 euros is produced in the north sea that's never used to it that's good news 1st we didn't fund just one place if the electricity price falls or even goes into minus then we are obliged to switch off wind farms to reduce their output. to lucy and we do that from here as this usually happens on the days around bank holidays because you like christy consumption is lower. so they are put can and has to be reduced. and couldn't get chills was the most. when turbines aren't in operation it might not be because there's no wind there might already be too much green energy the plan is to put it to good use in the future. to get bone in them in that we're building mor

siemens executive centric nika says networking is key for the future of green energy. one of his responsibilities is energy management in asia. because in the tradition of senate but in germany the electricity produced in the north sea and baltic sea is actually needed in the south cities and that's a bone if we don't build networks we have a big problem so in business when the energy worth over a 1000000000 euros is produced in the north sea that's never used for profit that's good in this post we didn't 100 plus if the electricity price falls or even goes into minus then we are obliged to switch off wind farms to reduce their output was in the us. we do that from here. this usually happens on the days around bank holidays because the electricity consumption is lower. so the output can and has to be reduced to this little bit seals was and was. right. when turbines aren't in operation it might not be because there's no wind there might already be too much green energy the plan is to put it to good use in the future. to bone we're building more and more connections to

its full year dividend on the back of a strong auto book european authorities blocked the merger with siemens earlier this year you may remember seem ernz posted stronger than expected profits while adjusted earnings there rose 44% from a year earlier. >> ilead says it's in talks to sell its mobile tower assets in france and italy to cellnex as part of a 2 billion euro deal. they say they expect both transactions to clouds by the end of the fourth quarter. they post a rise in fourth quarter sales as they return to growth in france >> the board of anadarko has reversed course and has backed houston-based objection dental petroleum's 38 billion dollar bid. occidental had scrapped a shareholder vote that would have taken place yesterday. in a statement occidental said it's pleased the board had decided its offer was superior to a separate 33 billion dollar bid from chevron, the world's second largest oil and gas company. chevron has four days to respond itself patrick shanahan -- adding owe we will hold the regime accountable for any attacks on the u.s. or our interests. >> imf managing director

siemens executive centric nika says networking is key for the future of green energy. one of his responsibilities is energy management in asia. as in the tradition of the senate but in germany the electricity produced in the north sea and baltic sea is actually needed in the south wanted us cities and that's a bone if we don't build networks we have a big problem so as a business when i'm in energy worth over a 1000000000 euros is produced in the north sea that's never used for a profit that's good in this 1st we didn't fund just one place you feel like christie price falls or even goes into minus then we are obliged to switch off wind farms to reduce their output. so we do see and we do that from here. this usually happens on the days around bank holidays because the electricity consumption is lower. so the output can and has to be reduced to this little bit chills was and was. right. when turbines aren't in operation it might not be because there's no wind there might already be too much green energy the plan is to put it to good use in the future. give on a minute w

siemens executive centric nika says networking is key for the future of green energy. one of his responsibilities is energy management and asia. is in the tradition of the senate but in germany the electricity produced in the north sea and baltic sea is actually needed on the south and all of us cities and that's a bone if we don't build networks we have a big problem so the business energy worth over a 1000000000 euros is produced in the north sea that's never used for profit to take a shot that's good news 1st we didn't. place if the electricity price falls or even goes into minus then we are obliged to switch off wind farms to reduce their output . in the list and so we do see and we do that from here. this usually happens on the days around bank holidays because you like christie consumption is lower. so the output can and has to be reduced to this little couldn't get chills was and worse. when turbines aren't in operation it might not be because there's no wind there might already be too much green energy the plan is to put it to good use in the future. to get bon

siemens executive centric nika says networking is key for the future of green energy. one of his responsibilities is energy management in asia. and is in the tradition of the senate but in germany the electricity produced in the north sea and baltic sea is actually needed in the south one of us with these and that's a bone if we don't build networks we have a big problem so as a business when the energy worth over a 1000000000 euros is produced in the north sea that's never used for profit to take a shot that's good news 1st we didn't fund just one place if the electricity price falls or even goes into minus then we are obliged to switch off wind farms to reduce their output. it's a little we do that from here. this usually happens on the days around bank holidays because you like president consumption is lower. so the output can and has to be reduced to this little bit chills was and was. right. when turbines aren't in operation it might not be because there's no wind there might already be too much green energy the plan is to put it to good use in the future. to bone

we've been saying that for a really long time the german index up .1% here right at the top we have siemens pulling up the index overall, though, again for the week we're down about 2.4% for the dax. cac, the french index is trading around flat. all eyes on the ftse index the italian index that's down half a percentage point. you may recall yesterday the yourp even commission published their latest gdp forecast for 2019. the sectors that have got hit the most are the ones connected to china autos very much in focus with the potential tariffs on section 232 down 3.7% as well. that is the picture for europe today. a little more multed, but all eyes on those trade discussions, brian. snoo now let's turn back to the united states. there is only one question right now. what should i do with my money in a market that is shown how skittish it is here's sean sh nighter citi personal wealth management it is a good question. are you changing your advice to your clients at citi based on a -- on a trade-related move like we saw yesterday? >> i think the key is to maintain globally diversified portfolio

officials say siemen's will be paying for the redesign. viewers are joining in in our effort to help build a better bay area. >> one viewer reached out about graffiti he sees on freeway signs. the viewer's name is brian who says the vandalism is a safety hazard and wants caltrans crews to consider a more proactive change. his post mentioned steps i we reached out to district seven and they told us special crews have spiked columns and plastic to deter vandals. >> we post up on since that are above the freeway. >> okay, if l.a. can do that and orange county can do that why can't we do that? >> something you can do now report graffiti to caltrans. click on the story. and you can share your ideas joining our building a better bay area facebook group. >>> the world getting their first look at baby sussex. their first public appearance with their newborn son at windsor castle this morning. they have not yet revealed the baby's name but they say they're excited to introduce their son to family members and to take on their new role as parents. a

if you are a german country or siemens -- >> i'm just throwing names out there. or a u.k. company or wherever it may be, you need your intellectual property protected as much as we do do you believe, michelle, we're going to get the real turn in ip and intellectual and patent protection that we want or will china continue to do what they have done, which is steal it >> that i can't predict what the chinese are going to do, but what i would highlight, brian, is when you talk about what the germans need, what the europeans need, there's been a lot of discussion about us not being on the same page as our allies, but when it comes to china and their trade practices, we are absolutely on the same page as the europeans. it's been very much a united front to try to change what they're doing throughout the world. >> yeah, and, by the way, when i say steal it, it's not a knock on china the wto, the world trade organization, hardly necessarily a pro-u.s. group has, indeed, opened an investigation into the theft of ip. that's not just two acres talking about, you know, our own opinio

scott siemen is the director at the eurasian group. >>> he said a deal is possible despite 9 rising tensions. >> i'm not looking to hurt iran at all. i'm looking for iran to saying no nuclear weapons. we have enough problems in this world, and i think we'll make a deal. i think iran has tremendous economic potentially. i look forward to letting them get back to the stage where they can show that. i know so many people from iran, theser great people. it has a chance to be a great country. we're not looking for regime change. i want to make that clear. >> i know so many people from iran, they're such great people. >>>. during a weekend trip to iraq, iran's foreign minister says his condition will defend itself against any military or economic aggression. he also said iran wanted to improve relations with the neighbors and proposed signing a non-aggression pact with them. joining us is elise lab bbot jos us. we're always talking about when we talk about the increased tensions. that was supposed to put a lit on these tensions. which is what donald trump would love now. we had that until he pulle