Transcripts For DW Business 20240714

Dell and intel also warn that tariffs would raise prices for laptops and tablets by 19 percent angering u. S. Consumers and media reports say apple may shift one 3rd of production from china to southeast asia. And lets go now to yen score to our financial correspondent in new york yes can we realistically expect apple to move parts of its production line outside of china. Its not impossible and there are a lot of news and speculation so what do we know is that will actually at least is talking to suppliers to just get an idea how costly it would be to shift some of the production out of china there was also the cofounder of foxconn one of the suppliers and companies that is doing business with them this cofounder of foxconn is actually urging people to move some of the production from china to taiwan but we also got some other news outside of pull that. The Commerce Department here in the u. S. Is actually banning 5 more Chinese Technology companies to purchase components from u. S. Manufacturers so that on the other side might be hurtful to some of the u. S. Chip makers Semiconductor Companies and theyre doing business with those chinese firms still in not of news flow and yet of speculation when it comes to the trade tensions between china and the u. S. Now yes youre there wall street where its been another wild week stock surging over the past month in fact whats behind the gains briefly if you can. Well the very main reason is that wall street is quite certain that the Federal Reserve is going to cut Interest Rates by the end of july so that would make money even cheaper and that money could get invested into the stock market for june so far blue chips are up about 7 and a half percent was that it would be the best months for the Dow Jones Industrial not the best month the best june for the Dow Jones Industrial average since 1938 and certainly were looking at the trade talks at the g. 20 by the end of next week in japan. Joining us from new york thank you. And staying in the u. S. Retail giant walmart has pleaded guilty to corruption charges related to its overseas operations and its agreed to pay 282000000. 00 in penalties u. S. Prosecutors accuse the company of offering bribes and exchange for construction permits in both brazil and mexico and of failing to enforce Anti Corruption rules in india and china the probe into walmarts foreign business dealings dates back to 2012 and has cost the company a total of 900000000. 00 so far. The u. S. And canada are burying the hatchet at least when it comes to free trade after months of a rocky relationship between u. S. President donald trump and canadian Prime Minister Justin Trudeau the 2 countries presented a united front on thursday in pushing a still unratified north American Free trade deal. Time heals apparently just a year ago u. S. President donald trump described his canadian counterpart is very dishonest and weak now hes full of praise the 2 have agreed that canada will export rare earths to the u. S. Essential for computers and military technologies that will make the us less dependent on china president xi jinping recently hinted he would use his countrys dominant position in the rare earth sector as leverage in the trade dispute with the u. S. Something just in trudeau is well aware of. We discussed some of the challenges that china is presenting not just to canada but to different sectors of the Global Economy and we certainly agree that we will continue to Work Together as friends and allies to to resolve these other issues the new north American Free trade agreement is taking shape on thursday mexico became the 1st country to sign the u. S. And ca. The us congress has yet to approve it as does the canadian government. And staying with us the spike in tensions between the u. S. And iran and the specter of military action has forced the worlds Biggest Airlines to take caution americas federal Aviation Administration has banned all u. S. Registered passenger jets from passing through iranian controlled parts of the gulf of oman and the strait of hormuz carriers in europe and asia are following suit. A Global Hawk Drone like this one has a wing span greater than a boeing 737 after one was downed over the strait of hormuz the u. S. Federal Aviation Administration began to fear an actual commercial jetliner could be next the f. A. A. Says the nearest civil aircraft was around 80 kilometers away when the strike happened in the busy section of sky it clearly thinks thats too close for comfort and its banned u. S. Registered planes from flying over. Any administered waters in the persian gulf and gulf of oman warning they could be mistakenly attacked that warning has been heeded by other carriers around the World Malaysia Airlines is rerouting flights that would normally pass through the area including its service between london and kuala lumpur. Other airlines feeling sufficiently alarmed to follow suit c. Includes germanys love tanser australias quantas k l m of the netherlands and British Airways they all say theyll divert around the area affecting some long haul flights between western europe and parts of asia and australia at the same Time United Airlines has canceled all flights between new york among by until further notice the u. S. Media reports the President Trump ordered military strikes against iran on thursday before changing his mind pushed up oil prices traders have begun to worry that an armed escalation could disrupt flows from the middle east meanwhile the flow of air traffic through the region is already being restricted terry go stepping down as chairman of Consumer Tech firm Foxconn Technology which is perhaps best known as an apple supplier mr goh who has led the business for 45 years says he will run in taiwans coming president ial election that puts his company an Uncharted Waters just as the u. S. China trade conflict continues to World Markets foxconn is the Worlds Largest Contract Electronics maker and assembles products for Major International brands including apple and huawei go whos been at the helm of foxconn for more than 4 decades announced he was vacating the big chair at the companys annual general meeting in taipei. Ive already decided to fade myself out from foxconn i already decided to hand over the operations of the company to the 9 person Standing Committee of the management committee. I have a lot of confidence in them i think all shareholders can rest assured they will do an even better job than me. Go whose company is chinas largest private employer was keen to signal that his wish to be president of taiwan has nothing to do with his business interests on the mainland on a visit to a shrine last month he said he was running because much so the sea goddess had told him to. Offer more if matsue of the sea goddess says that you should step up then its not in order to make money nor is it for my personal enjoyment. I go plans to run for the beijing friendly coalmine tang or though he still has to win his partys nomination hes the odds on favorite recently the party awarded him with a certificate of honor for 50 Years Service the bulk of goes investments are in china where he employs more than 1000000. 00 Workers Union and its chinas cheap labor that has underpinned his Business Empire in taiwan goes to the polls in january with the contest set to be dominated by relations with china. Selling dried seafood on Facebook Live in thailand thats not just a thing its a sensation thousands of viewers are hooked noting the poor fishermans son behind the production more than 30000 euros a day take a look. Take good take it its delicious its awesome thats how a new rack sero a time i advertise his his fried seafood on facebook thousands of watching and buying the lifestream is very popular across thailand thanks to his mixture of fun and insider tips. You drop your song. By feed the audience with ideas of me as a fisherman who knows all about the Seafood Products that im selling. I know when is the best season to catch seafood and which part is the best to eat so let me choose for you. To in just 3 hours he and his team can sell around a 1000000 bombs worth of dried shrimp squid and fish thats 30000 euros worth the things havent always being successful. Have gotten i got garner i started by trying to sell 3 kilograms of squid that i bought. I fried it to make it look more interesting and i did the Facebook Live. But i didnt make any sales at all why we do or have a dog in the ways i know. He then turned his broadcast into a show thats fun to watch and on top of turning a profit hes also helping his village the fisherman now sell twice as much fish as they used to hes come very far off a someone who says that hes not a natural seafaring talent it seems his online sales talent the makes up for that. And thats it for me in the Business Team im seeing theres a blend as always thanks for watching. And gemini. At any time any place. Like the fight song is to sing along to you. From super. For. Interactive exercises. Everything is online and interactive. Demonstrate the d. W. Climate change. Sustainability. Environmental. Biodiversity Species Conservation exploitation the quality. Of human rights displacement. Of local art. 3000. 00 and. 80 percent of americans at some point in our lives will experience hardship out. This is steve every. News africa coming up in the next 15 minutes and preceded to demonstrations in malawi thousands have been out on the streets and 3 cities theyre disputing the results of the may 21st election thats. Reelected they say they want the system clear to form their pro wanted ball do just