also want to show strong results for siemens energy in the 2nd quarter to spin off from p.r. companies even doubling its profit. and tesla's expansion in europe hinges on its new plant near berlin look at efforts to get things moving after recent delays. hello and welcome to the show i'm stephen beardsley in berlin well the rocky road to ratification just got rock. here the e.u. suspending its efforts to win approval for its massive investment deal with china after tit for tat sanctions were imposed over beijing's treatment of its weaker population european european commission president valdis dombrovskis saying future efforts ratify the deal depended on how broader in china relations of all investment pact was pushed through by german chancellor angela merkel in december but had been expected to face opposition in the european parliament. all right let's shift gears and go to the business world siemens energy doubled its profit in the 2nd quarter to almost 200000000 euros thanks to its wind turbine subsidiary the mesa now siemens energy secured major contracts for offshore w

and strong results for siemens energy in the 2nd quarter the new spin off from parent companies even doubling its profit from last word. flowed welcome to the show i'm seeing beauty and berlin the e.u. has shelved its efforts to what approval for a massive investment deal with china after tit for tat sanctions were imposed over beijing's treatment of its weaker population european commission vice president valdis dombrovskis said tuesday that future efforts to ratify the deal depended on how broader each china relations evolved investment pact was pushed through by german chancellor angela merkel in december but had been expected to face opposition in the european parliament. brussels and beijing signed the ca i and the simpler it's meant to establish a framework for trade and investment in each other's markets to enter into force the cme must be still must still be ratified by e.u. member states and the european parliament where it faces opposition the deals that offer european companies more predictable access to chinese markets and smooth the path for more chinese investment in eu

fairly bullish from siemens. industrial businesses giving us the numbers that they've managed to generate. just a touch shy of estimates or broadly in line. estimate of 14.1. that's interesting to watch. a china lead recovery gains momentum. that has been the focus. the u.s. and china driving the recovery for the global economy. that will be part of the conversation when we hear from the ceo of siemens who will be joining the program a little bit later on. that interview will be here on daybreak europe at 6:30 a.m. london time. let's get straight to the markets picture and tell you what's happening through the session before we get to the big top stories and discuss them. let's have a look at asia. the session looking fairly robust. i'm a ci asia-pacific now closing out the week on the front foot, up by 0.5% or so. a strong rally in the u.s.. that seemed to boost sentiment. the futures picture continues to look positive. we look ahead to the jobs report later on today. copper. that rally continues. still well abo

anna: and we got numbers out of siemens. >> siemens benefiting from demand in china, raising its guidance for the second time this year. revenue growth as much as 11%. the high-end was in the high single digits. the ceo telling matt miller they were feeling the pinch from rising material costs, but they were able to pass it to the customer. if that is not inflation, i don't know what is. anna: important for the inflation debate. thanks very much. just to mention once again, the lines i was just pointing to, china is set to consider tighter rules for firms listing overseas. weakness coming through because a lot of people will think of tech stocks have tried to list in hong kong and other places. this may be another move to try to stop that. matt: a very negative end of the week for asia. chinese stock markets have only been open two days. the small-cap index is down almost 6%. china stocks, the benchmark csi 300 down 1.3%. overall finishing the big very negative. a quiet day but simply asia traders are going to go negative, taking the sheen off what we are seeing. anna: tensions with regar

siemens healthineers cfo. the eu's beleaguered vaccine rollout is finally picking up, as we just heard from the cfo. the bloc has given around 150 million jobs. maria tadeo is tracking. have we turned a corner? i look at the data from germany, like three quarters of a million people in one day. there is a seismic shift here, isn't there? maria: yes, and you are very right, this is a rollout that was hit by so many issues at the beginning of the year. but if you look at the data, it does paint an optimistic picture. some of this has to do with distribution. it has been doubling every month. the european commission expects that to continue until june. when you look at these specific countries, germany is vaccinating around one million people a day. that means that the pace of vaccination has almost tripled in a month. when you look at the french, president macron made a promise. he said from june 15 everyone over the age of 18 would be able to get a vaccine from june 15. clearly the picture is changing. the vacc

siemens getting strong numbers out of china. the pickup and offending the company, which has been so slimmed-down. there are ongoing commodity headwinds. iag, really cautious today. they are in a very different position. very cautious about what kind of pre-pandemic looks like going into the summer. we will see later about positive headlines. we will watch that one. at the moment that stock having i positive day. air france saying it is going to have to raise even more money. a very different position. european travel, u.s. travel. i wonder whether or not the european travel story will have a much bumpier ride out of the pandemic. earlier we were talking more about the travel story. we caught up with the expedia ceo to talk about what we were seeing. >> there are places around the u.s. that are virtually sold out at this point. if you look at places like miami , even places outside the u.s. like mexico and the caribbean where americans go, to bookings now, spring break, and into the summer, just pack. guy: joining -- alix: joini

siemens energy missed on some of their estimates for the second quarter. they've trimmed the full year forecast. the latest sign that the world is going green. the energy ceo, good morning, good to see you. this is a little bit of a wake-up call from the world. is it going to get harder and harder for you in terms of your order book on the fossil fuel side of the business? good morning. christian: good morning, thanks for having me. i think it demonstrates exactly the path we are on, solid performance on the fossil side. we see a very strong order book on the renewables. this is exactly along the lines of what we said last year on how we are transforming ourselves. we believe we will need some fossil fuels and gas over a transitional period of time. at the same time we are really banking on leading the energy transformation with new technology, with combining renewables and storage, so all in all, i have to say along the lines of what we expected, and i'm satisfied in particular with our second quarter. manus: some of the analysts described her guidance wh

siemens has raised its profit expectations for 2021 reporting strong growth from january to march the conglomerate's industrial business grew by 31 percent compared with this time last year demand in china as well as increased growth in the company's health care unit helped power the results. the us federal reserve is warning that prices of stocks and other financial assets are rising to levels that could set investors up for big losses from sudden declines the fed noting that aside stocks crypto currencies and other risky assets have risen dramatically in value since november. when europe's low interest rates have pushed investors into different corners of the market looking for any kind of return and some of them have even fallen for questionable schemes like the one run by green still bank it offered above market interest rates attracting not just individuals whose deposits are insured under german law but municipalities whose deposits are not insured the bank imploded leaving some german cities with their losses the german city of cologne city managers invested 15000000 euros to r

in december, the german government launched a new pilot project in chile, where siemens plans to produce synthetic fuel using hydrogen experts think the h to technology in the form of fuel cells is also being taken more seriously. the in years ago, it was more like an engineer's dream. it's such a cool and clever technology, and we now have clear binding climate targets in the greenville gave us more ambitious target. we realize that these are not attainable with conventional combustion engine. we simply need different technology often under the pin number. on the other hand, the global market for hydrogen and synthetic fuels made from his growing scientists, found water institute calculate that the market volume will reach up to a 102000000000. you're right. why 2030 and as much as 680000000000. you're raised by 2050. good prospects that in the hydrogen technology. in 10 years, many more of these vehicles looks to be cruising through the country. but it's still not a given hydrogen as a fuel because sounds great. the gas could one day play a major role in slowing global warming. still,

but previously recommended only people over 60 should receive it because of the rare blood clotting siemens seen in some recipients moves expected to help germany speed up its fascination programme. india's daily coronaviruses death and infection levels remain close to record highs leading to a growing calls for a national lockdown as hospitals deal with shortages of oxygen and beds experts blame the government for allowing large festivals on the election rallies to go ahead ask case numbers were surging. where mass deposed leader aung sang suu kyi has been ordered to appear in court in person this month she faces a number of charges the most serious of which could see her jailed for 14 years this will be the 1st time she's been seen in public since the military coup on the 1st of february. there have been protests in iraqi cities following the killing of a leading anti government activist. was shot dead in karbala early on sunday and a journalist is in critical condition after being shot in the head early on monday both men have been key figures in iraq's 29 t. and t. government mobilizati

most of it was machinery, chemical products, and more. vehicles larger companies like buyer, siemens diver, and commercial banks are active in the country. now when it comes to bella was exports by far, the most important destination was russia. the big neighbor, about 40 percent of all better versus exports. that's twice as much as western european countries taken together on here. the united kingdom and germany were the 2 biggest buyers, followed by poland, lithuania, and the netherlands. now, the bellows incident has given new urgency to an already scheduled summit in brussels leaders there where to, that's to discuss the pandemic climate change and ties the russia. now the 4th landing is at the top of the agenda with the head of the commission or the last on the live thing. those responsible for the hijacking plane for the hijacked plane must be thank you. w, brussels corresponding battery guard will be following the summit for us, a band. what sort of sanctions are being discussed now? when it comes to things from the you as a whole toolbox. disposal. the most likely sanctions a

siemens healthineers is on the docket. kpn, what is the story? dani: there had been a lot of media reports about them being the target of takeover attempts. this is the first time we have had any public confirmation of that and that has been a wholesale rejection by kpn two takeover attempts. saying no added -- no value added would be given from these offers. their defenses are formidable it was noted by jeffries. it could give up some of that today. matt: what is the story with volkswagen? a lot of talk about chips. dani: bw adding to the large companies talking about the woes of chips. they talked about it in december but over the weekend, giving an interview saying the company expects reduction to be curbed in the coming months because of the chip shortage. having a more tangible effect of it. another -- intel also spoke about it. the story has been ongoing. it does not look like it will go anywhere anytime soon. the question is, how soon can they recover? could we see this continue through the end of the year? matt: dani burger with some of y

i talked to the ceo of siemens. he said higher input costs are giving them the space to raise prices on their final products to customers. i talked to the ceos of bmw, daimler, volkswagen. they all say the same thing. all these end product makers have incredible price power. those are the kind of prices they say ok now you get a discount. that is inflation that sticks. what is your view? tom: if we are running out of time, i will say this. i can give you all the economic data that drives this point home, whether it is ppi, whether i'm looking at the isn reports, the beige book. forget about that data. if you want to know if there is inflation or not, here is what you need to do. just look around you. anywhere you are looking. a fed official want said the best way to forecast inflation is look out your window. i think that is probably/sage advice. you can see there are inflationary pressures building. we can talk but how enduring it will be. that's the right question to ask. right now inflationary pressures are build

microsoft, salesforce, a number of companies -- siemens -- they have come out for it, in favor. others have said, yes, there ought to be an increase in the corporate tax rate. everyone seems to agree that it is wrong that we have so many companies who paid no taxes last year. we have to close loopholes that enabled that, and a lot of people, maybe they feel 28% is a bit too high. maybe 26% or 27% might be a better number. but i have made dozens and dozens of phone calls to ceo's across industries and they agree we need big investments in infrastructure. they applaud the president for calling for not just traditional infrastructure. they like investments in research and development, broadband, technology, semiconductors, and they know that higher corporate taxes are a way to pay for. david: people in washington often measure one's power with how quickly it takes to get your call returned. when you are governor of rhode island, you call the ceo of microsoft, i don't know if you get your call returned immediately. you probably do. but what if you are secretary of commerce? how long

in december, the german government launched a new pilot project in chile, west siemens pounds to produce synthetic fuel seizing hydrogen expense. i think the h to technology in the form of fuel cells is also being taken more seriously. got the 10 years ago. it was more like an engineer's dream, it's such a cool and clever technology, and we now have clear binding climate targets, and the greenville gave us more ambitious target. we realize that these are not attainable with conventional combustion engine. we simply need different technology often. and again, on the other hand, the global market for hydrogen, synthetic tools made from it is growing scientists the found what the institute calculate that the market volume will reach up to a 102000000000 year right by 2030. and as much as 680000000000, you're raised by 2050 good prospects that in the hydrogen technology. in 10 years, many more of these vehicles looks to be cruising through the country. but it's still not a given hydrogen as a fuel because sounds great. the gas could one day play a major role in slow and global warming. phil,

and strong results for siemens energy in the 2nd quarter the new spin off from parent companies events doubling its profit last work.

in december, the german government launched a new pilot project and tele west siemens plans to produce synthetic fuel, seizing hydrogen expert. i think the h to technology in the form of fuel cells is also being taken most seriously. the 10 years ago it was more like an engineers dream. it's such a cool and clever technology, and we now have clear binding climate target and the green b o gave us more ambitious target. we realize these are not attainable with conventional combustion engine. we simply need different technology to get on the other hand, the global market for hydrogen and synthetic fuel was made from it is growing. scientists at the found water institute calculate that the market volume will reach up to a 102000000000. you're right. quite 2030. and as much as 680000000000. you're right . by 2050. good prospects that in the hydrogen technology. in 10 years, many more of these vehicles looks to be cruising through the country. but it's still not a given hydrogen as a fuel because sounds great. the gas could one day play a major role in slow and global warming. still, it's no

siemens are into europe india but examples and size and event that the different companies are different i think at the levels but the protection will be definitely against the white house itself or the public not to go around the ticketing levels of a different company than to the vaccine by now whatever vaccine we are getting they are very much safe enough or another operation and whenever there is a chance of getting vaccinated then whenever possible one must get vaccinated. because as of now only 2 percent of the indian population is i connected with the 2nd order of any of that to let it be cliche. people whine and cry and give me the doctors and then when i was like how is this possible these are indian saying how is this possible we have the vaccine capital of the entire well how if we have why we have difficulty right now. yeah and the problem. and production of back the nation was not matching the money back and i think we had a country of about 1400000000 people population and out of that we have been able to adapt and only go percent of the population and the remaining we have

siemens or in syrup in the uk but example i learned. that the different companies are different i think at the levels but the protection will be definitely against the white house itself because the public not to go out on the picket the levers of a different company than to have the vaccine die now whatever a vaccine we are getting they are very much they cannot order another operation and whenever there is a chance of getting vaccinated then whenever possible one must get vaccinated. because as of now only 2 percent of indian population is actually there with the 2nd all of any of that to let it be fully show your lender he will put on line and can meet up to what i was and how is this possible this engine saying how is this possible we have the exact thing capital of the entire well how if we have why we have difficulty right now. yeah and the bell problem. occurred and their production of back the nation was not my thing but the modern vaccinating the other country of about 1400000000 people population and out of that we have been a

standards a few years ago when i was in china when it was the 3 gorges dam on one side of the dam you had siemens generators and then we walked to the other side of the of the dam and they had the exact same generators built by chinese companies and the engineer told me we've absorbed the german technology so now we've had that stage and now we're moving on to the next stage which is to raise the hundreds to raise the overall quality and to bring growth to make more quality growth right now even with these efforts china remains an important trading partner for the e.u. the most important for that matter for germany yet in terms of market access as we also heard in the report there seems to be no optimism of things improving yeah i mean this is another thing as long as i've been covering china every year this announcement that there will be reform and that there will be a level playing field better market access and it doesn't really happen it happens in some areas but a lot of it is by facilitating technology transfer air like with the 3 gorges dam and making sure the chinese companies can get in

. >>> siemens shares are higher after the full-year outlook was raised after the rapid covid tests. german tech firm forecasts sales growth of 17%. ceo bernd monthaugh talked about the business >> next to pre-pandemic levels secondly, we can benefit from the specialty mind and when it comes to the part of the business which is not prior related with investment positions and imaging equipmentm all of the growth is without contribution of the u.s. we see the u.s. market coming back in which is a strong order growth which gives us confidence for the future >>> coming up on the show, commodities may be set for another super cycle. we'll have more details after the break. so you're a small business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with co

in december, the german government launched a new pilot project and chili west siemens plans to produce synthetic fuels using hydrogen experts. i think the h to technology in the form of fuel cells is also being taken more seriously. got the 10 years ago. it was more like an engineer's dream. it's such a cool and clever technology, and we now have clear binding climate targets, and the greenville gave us more ambitious target. we realized that these are not attainable with conventional combustion engine assistance. we simply need different technology often. and again, on the other hand, the global market for hydrogen and synthetic fuels made from it is growing. scientists at the found wafaa institute, calculate that the market volume will reach up to a 102000000000 euros by 2030. and as much as 680000000000, you're raised by 2050 good prospects stand behind region technology. in 10 years, many more of these vehicles looks to be cruising through the country. but it's still not a given hydrogen as a fuel because sounds great. the gas could one day play a major role in slow and global warm

a lot of the automakers i have spoken with a lot of the manufacturers, the ceo of siemens told me input costs are higher for them so they are raising prices on their and products. i don't think they are going to turn around and cut those prices as commodity prices fall next year. >> i think it's going to take a while for the marketplace to get to a point where it can stabilize in terms of the supply chain. we have been through a massive shock in the global economy. a lot of bottlenecks are beginning to emerge. i do see it as temporary. i remember from my days at ford, how important those kinds of volatility metrics were. they can erupt then they disappear. i see the global marketplace really responding and reacting to those bottlenecks. then over time, those price pressures will alleviate. the markets will work if you give it a little bit of time. suppliers will start to return, they will take her pricing and they will begin to expand their own production rates. the bottom line on this, we are through iraqi time right now to be sure. it's not going to disappear overnight. we are going t

in december, the german government launched a new pilot project and tele west siemens plans to produce synthetic fuel, seizing hydrogen expert. i think the h to technology in the form of fuel cells is also being taken more seriously. the years ago, it was more like an engineers dream. it's such a cool and clever technology, and we now have clear binding climate targets in the greenville gave us more ambitious target. we realize that these are not attainable with conventional combustion engine. we simply need different technology often under the pissed them again. on the other hand, the global market for hydrogen and synthetic fuels made from it is growing. scientists found water institute calculate that the market volume will reach up to a 102000000000 years. quite 2030. and as much as 680000000000. you're raised by 2050. good prospects that the hydrogen technology in 10 years, many more of these vehicles looks to be cruising through the country. but it's still not a given hydrogen as a fuel because sounds great. the gas could one day play a major role in slow and global warming. still

different siemens brought us this report from los angeles. it's the beginning of a 10 hour shift for offices, f, rain, superior, and alex actually with the los angeles police department or l. a. p. d. the 2 seasons offices are on foot patrol in china town. not just today, but every day for the last couple of months. the city was quick to commit to more boots on the ground here and then other predominantly asian american communities. i think it's very important right now. it just shows that when we come out here every day that we are here and support them, asian american communities all over the united states want the support and the presence of police. this attack on a 65 year old asian woman in new york, captured on surveillance video 2 months ago, and many other unprovoked n p asian hate incident since have many here in l. a. chinatown and elsewhere. you know, i'm safe and on the actually it's all, all commute a little bit scared and everyone's kinda a little bit nervous. so like last week that gold coming here with a long summer i and as s

and most of it was large gym and companies like buyer. siemens dimer and comments bank are active in the country. but when it comes to batteries is exports by far the most important destination is russia. it's gigantic neighbor by 40 percent of bellow, roosters exports, that's twice as much as went to western european countries combined. and the united kingdom, germany, poland, lithuania, and the netherlands. are the biggest. now the berries incident is toughing. the agenda of an already scheduled use summit in bras. not all science that businesses are already responding to the incident based. both dick is among a string of european airlines have now said they'll avoid bella russian asked space even though that would mean a big deal or are many of its key groups, latvia and lithuania, code for all international flights to avoid the skies above others. as a sanction against the country of more on this, we are joined by banners saw g, who is a senior research the center for security studies in direct thank you very much for joining us on d. w business. so this idea of essentially boy c

just in the anecdotal evidence i got when i talked to ceo's of siemens or daimler or bmw, they are all raising prices. they are all using this time cannot only make up for their input cost but also pad their margins a little bit. can those price increases be reversed later on? if we see transitory inflation, doesn't that have to happen? enda: -- >> i would not expect that would be reversed. the only thing i would expect is that at some point, demand would draw back, which is not going to happen in the foreseeable future, meaning in the next 1.5 years. we have a forecast of strong growth. if at some point demands would service them, you would expect this to happen. but to see price declines, no. i think the temptation to keep it in the margins would be very high, understandably, to make up for the class that has been formed by companies during the restrictions, in terms of those sales numbers. matt: what are your expectations for central bank actions? if you look at the asset purchase programs in the e.u. and the ecb and the fed, don't we expect those to be tapered very soon?, the ecb f

. >> there are similar store siemen and palantir. slumberge, you give them the product and we step back and we said, let's look at their business, not so much the nike shop only. they make a great technical suite of software. they make billions of dollars upon it. if they go only in a single public cloud, then you are constrained to those customers that will take it. if you go to the book implementation, that's a lot of cost we worked with them and say, let's get it on. that allows you to go and deploy whatever their clients want. so whether it's clients in eastern europe, africa, clients in the far east, clients in north america, better to choose a public cloud in the country, whether they choose a private implication, i believe it doubles it and as they get market share increases and we go along with them. that requires an investment up front of two years or so and tens of millions of dollars. two clients, eny, let's see if we can create a win, win, win, win for us and eny, the client and get the benefit later rather than try to ge

. >> siemens en el baile bien. estoy preocupado por esto, porque llevamos tu a la semana hablando la lluvia mississippi, alabama, en el sur del paÍs, en mississippi no ha parado de llover durante las Últimas horas, calles cubeta de agua, seguimos bajo vigilancia por inundaciones en toda la costa de el golfo, 8,000,000 estÁ reciente la lluvia que cae del cielo sin parar, en houston tormentas, nueva orleans, tambiÉn de gran cantidad de descargas elÉctricas con este frente que se mueve hacia panamÁ city. vamos a ver la lluvia en tres dimensiones para los picos que se estÁn acumulando en la zona de luisiana y en alabama, para que os hagÁis una idea, en alabama y en la zona de luisiana, en orleans se han acumulado mÁs de 30 pulgadas, estamos 20 pulgadas por encima de lo que serÍa normal en esta Época y en la zona de movid la acumulaciÓn tambiÉn es impresionante, 10 pulgadas por encima de lo que tocarÍa para esta Época del aÑo. ayudo muchÍsimo en el sur del paÍs iba a seguir lloviendo durante los prÓxi