A multimedia project about artists and their right to a. Local Financial Markets dive the investor panic spreads asian and european equities plunge after the Dow Jones Industrial average took its biggest nosedive since twenty eleven analysts call it a correction but could it lead to a crash. And it was a look thats the business analysts say this isnt Financial Markets on again its just a much needed and much over jus correction but are they right or is this the beginning of a crash. Some say there are four stages of full hope greed panic and fear and were already a panic thats clear all the measures of market momentum and Risk Appetite were already pointing to the overshoot phase of an incredibly long bull market the traders had been reveling in for so long and the fundamentals strong but so strong the risk of increased Interest Rate rises around the world has now spooked investors the Dow Jones Industrial average tumbled another four and a half percent on monday the biggest loss in six years it actually most the largest intraday get klein of all time in asian markets picked up the sentiment in tokyo the nikkei down by a similar amount as you can see the hang seng down by more than five percent of the shanghai composite index down by almost three and a half now what sparked the sell off in the u. S. Is a combination of factors at play wages have risen stronger than expected soaking fears of rising inflation that will drive up Interest Rates and it was cheap money driving the recent stock market rally also a rise in rates makes a facets like government bonds more attractive so investors move out of stocks plus automated trading orders triggered when certain indicators fall to a preprogramed level and these sell offs trigger other sell orders its a computer driven domino effect and happens within milliseconds or look now at whats happening at germanys Financial Capital frankfurt daniel cope is at the Stock Exchange for us i was talking about the four Different Levels there in that weve entered the panic phase were not yet at the fear phase but just how panicky trade is where you are daniel. Twelve and this has pretty much changed throughout the day when i came to the Stock Exchange this morning at six am i already saw some of the traders are being very warry that we might see a crash happening here too. Day at the Trading Floor the oily and occasional was actually showing that the blue chip index tax could be at a level of minus eight percent even under the mark of Twelve Thousand points it seems now that investors are thinking a little bit again with their brain and not anymore with their stomach there are very certain that were not going to see any kind of recession of course they are afraid of more Interest Rate hikes in the United States because of this we are still seeing losses level of our two point three percent similar picture also around europe but not those massive losses that we have seen in asia and also on wall street but then youll explain the panic around the world where experiencing because as i mentioned the fundamentals a so good right now and everyone you are correction of some sort would have to come at some stage. Yeah exactly i mean when you talk about yesterday for example i mean investors are also telling me there was not really an event that was happening we had a new fed chief sworn in yesterday into Office Donald trump was speaking but not really big events happening and yes you mentioned this a correction i was talking to an analyst a little bit earlier if you was telling me that the market was just too overheated and we have seen yesterday kind of like a massive panic happening on wall street and thats why we saw those big losses there happening yesterday its sort of like a herd mentality all happening at the at the same time if we look over to wall street how are things looking there how do you think the new york Stock Exchange will open today. Yeah it seems that on wall street were going to see a third day off losses our futures are indicating as well that this would be the case though in minas as well as the s. And p. Six hundred m. The mastic they are all down at the moment is going to really interesting to see how this is going to affect the trading day here in europe until the end of the day just to see if the Chain Reaction continues down you call for us in frankfurt thank you Misery Loves Company and beleaguered u. S. Stocks soon found fellow sufferers elsewhere in the world asian indices receiving a thrashing choose day and dismal futures ahead of the dow jones opening could mean the beating is not yet over as we heard. The hong kong stock market was one of the worst performers on a day when asian markets werent able to protect themselves from contagion after the dow industrials steep a sell off in six years. The sentiment in hong kong and there are a little bit nervous and a little bit not going to have and people are still waiting for. The dow jones or the do as markets will stabilize before they can come to be fully committed to buy into the market at this point japanese stock split spared either anxiety is writing high like. Normal its probably because of the plunge in the u. S. I thought the economy was in good shape would share prices going up stupidly but a sudden drop like this makes them look unclear multiple stock prices went up too far without clear reason its time to hold tight but chapins chief cabinet secretary cut a more circumspect figure so if push through a very government has not changed our view that the Global Economy including that of the u. S. Continues to be firm watch how the worldwide Financial Markets develop. In the u. S. Where the turmoil kicked off the government also highlighted the robustness of the economy in the last jobs report two hundred thousand more jobs created unemployment at a seventeen year low. Probably the most encouraging number for me as a former governor there watched how stubborn the wage numbers in this country is see wages rise by three point nine percent most recent report but imbedded in those numbers is the source of at least some of the investors anxiety growing wages for workers could mean shrinking profits for shareholders and a tightening labor market could pave the way for steeper rate hikes and a looming and to easy money u. S. Stock futures have slid further since fall street closed indicating continuing volatility. Of the Global Stock Selloff that started on wall street and is spreading around the world is obscuring a fact about the u. S. Economy that we pointed out its healthy the jobs market is in its best shape in more than a decade businesses continue to hire at a pace that could drive the Unemployment Rate of four point one percent even low with more job security and rising pay in Many Industries americans a growing more optimistic about the economy and their confidence as fuel Consumer Spending more than five point five million existing homes were sold last year thats the highest number in eleven years despite the spending spree americans have been running up huge debts u. S. Household debt everything from mortgages credit cards Student Loans equaled ninety five percent of disposable income in the Third Quarter of last year that compares with about one hundred twenty percent right before the Great Recession a decade ago so although wall street is having a tough time it seems like main street is doing ok. In other news hong kong is one of the most expensive cities in the world to live in a study by dodge a bank has uncovered that less than a fifth of households in actually afford the rental their. Local residents are forced to accept the skimpiest of accommodation just to stay off the streets of the problem is set to get worse. Elderly people like shinny in london have it easy in hong kong he shares a room with eight other men and pays one hundred fifty euros a month for the cage where he has his bed. Oh boy you know it was these ill tell you both my parents died when i was forty years old i gradually lost touch with my brothers. We hardly see each other anymore nowadays. To do. With this exhibition in Aid Organization wants to raise awareness about such Living Conditions around two hundred thousand people in hong kong are affected its a hit on you all that you he then you know theyre all buildings so people with a anything in this can all ready eat human. And their space is still a small one and it is shared with so many households and the income is made it all which. Has limited land for new housing now the finance hub is facing a squeeze has more seniors than young single seek to live alone a three room apartment in the city center can cost the equivalent of eight thousand euros a month rents in hong kong are the highest in asia. When hong kong attract International Hot money to come in and write their speculation investment right jack up housing fries and rents and because of that then people can afford right to own or to read and. It was thats resulted in an upsurge in minimal Living Spaces entrepreneur eric wong sells these earthquake proof sleeping cabins equipped with wife air conditioning and t. V. So far most of his buyers have been hotels throughout asia. A lot of the hong kong i think apartments in hong kong will get smaller and smaller property prices are already so high that the Younger Generation cant afford them maybe in the future they wont just sleep in space capsules like these for a day or two but actually live in them. A la. The Hong Kong Government has promised to take action Senior Citizens are now supposed to get priority in subsidized housing but the waiting lists are long probably too long for seventy year old sean meehan learn the only way for him to escape his cramped living space is to go outside. Business with. Weve. Weve. Weve. Weve. Weve. Weve weve. Got. Waltz king does the honors star violinist andre. Millions of fans pay tribute to the to. The maestro also has a Home Visiting his status. A visit to on the plane. In turkey the conflict zones this week on conflict zone i miss them both to talk to russia cuts at least selfhood his ruling party the a. K. P. She speaks for apology on issues and is close so close confidante the president is the government pursues military operations in syria and continues to crack down on Civil Liberties turkeys principal played such a. Double. Take your support team the smarter the t w four small team. What you want what you want its up to date extraordinary. To decide whats on sunday morning. Dot com smart t. V. He created movie milestone. It was an instrument of propaganda and persecution. It underwent a bankruptcy and restructuring. But it still turning out films today. Germanys biggest and oldest film company. A cinematic history from the german empire to the present one hundred five starting february he changed. Yes. I want to welcome to new week of euro max our show is david catered to the magical moments of the music heres a look at whats coming up. Top