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Avantee west coast, feel good travel. Hello, I'm Philip Kogan, the Economist Buttonwood columnist, and this is Money Talks.

Later in the program, Uber is the most valuable private tech startup in America,

but it's grappling with a major copyright lawsuit,

allegations of sexual harassment,

and an inquiry into its workplace culture.

The tech industry is notoriously sexist,

but Uber has attracted really negative headlines

and its brand has been hurt because of this.

Why business confidence among European companies is sky high.

If you've got Germany and France working well then the rest of Europe can be pulled along as well.

So the confidence in Europe I think is to a large extent a political story.

And aluminium and the tension in global trade as President Trump launches an

investigation into cheap imports.

Chinese overcapacity is a genuine problem.

The Trump investigation as to whether it's a threat to national security is a bit more complicated.

But to start, General Electric says Jeff Imilt is to end his 16-year tenure in charge

and be replaced on August 1st by John Flannery, a three-decade veteran at the conglomerate.

With more on this, I'm joined by the economist New York Bureau Chief Patrick Fowles.

Patrick, why is Jeff Emmalt going?

Hi Phil, well, Mr. Emelts had a very long innings running a very big complicated business and in

...