Traders cheered retail giant walmart strong Quarterly Earnings the figures comes nerves on the floor to show u. S. Consumer demand is strong despite the trade war with china the trumpet ministration lost no time issuing a statement assuring that the u. S. Economy is healthy. I think on the economy. Week right now i think we are in a in a in a very comfortable environment in which we have 3. 7 percent unemployment the lowest its been in 50 years we have. Record on a low unemployment for africanamericans record low for hispanic americans real disposable income in the last 24 months for households increased 5000. 00 the consumer in america is strong in europe however stocks were down following the previous days wall street losses here investors were also reacting to bad figures from europes economic powerhouse germany g. D. P. Theyre contracted 0 point one percent in the 2nd quarter the r word is now doing the rounds recession many fear the export oriented German Economy is being dragged down by the on the go into us china trade war right now beijing is sending mixed signals it says it remains open to negotiations with the u. S. On the other hand the chinese have threatened to retaliate if washington goes ahead with its plans to terrify its on september 1st. And lets go now to our financial correspondent in new york jose luis jose i think weve been talking about wall street ups and downs this whole week if not this whole month today the numbers are up is it fair to say however that the overwhelming feeling is still one of an ease. Totally is stephen and that is not going away anytime soon since then nothing has have fundamentally changed in terms of Downside Risk to you as a consumers brought some calm to investors as they kept spending in full force small retail sales as you mention increased 7 tenths of a percent in july so far implies. Consumption down walmart brought some fresh air with the biggest retailer worldwide increasing. Sales outlook that said tensions are still very much alive threatening to to regulate. Wall u. S. Earnings outlook for you as a company is in the 2nd half of this year is it being reviewed down not only worries about day ongoing trade war and Global Economic growth are taking a toll on margins but also a tight labor market commodity calls on of course a stronger us dollar and if they want to take a look at another story heading markets thats not related to any of those factors g. E. Stock suffering a major blow today after accounting experts said the American Firm has concealed major financial losses and g. E. Shares tumbled more than 11 percent the companys c. E. O. Denied the accusations and noted that the report was bankrolled by a hedge fund which stood to gain from losses in g. E. Shares of the author of that report Harry Markopoulos is known on wall street for under covering the multibillion dollar ponzi scheme run by disgraced financier bernie made off a name that you may be familiar with so markets taking this accusation very seriously despite the fact of the person behind it could profit from g. s losses whats going on. Whoa as you mention an accounting expert who rates concerns about bernie made a ponzi scheme back in the day its now comparing g. E. Accounting practices had to and wouldnt want to send their losses to 38000000000 dollars less. And all dont forget that and loss one if not the biggest corporate fraud in history and according to to his analysis g. E. Is heading to insolvency and has been changing its Financial Statement reporting for months every years every few years to make it impossible to compare numbers but even if the company has denied these allegations on the d. S. A report as you mentioned hes in good working for short sellers it is also true that both this security secrets Exchange Commission and the u. S. Justice department are already investigating for potential accounting issues related to it seems are and holdings on problems. And in rod like bernie made off both both loaded terms well known figures in financial history in the u. S. Because they lose the heart of their force in new york thank you. Lets now look at some of the other Global Business stories making news european banking stocks fell on expectations that the European Central bank will Lower Borrowing rates in the coming weeks germanys leading Banks Deutsche Bank and comments by slid to record lows germanys number one and 2 lenders have struggled to recover since the financial crisis. Boeing is postponing the delivery date for the ultra long haul version of its 777 x. Model the airliner series has reportedly phased engine problems during development boeing of course is still reeling from the grounding of its 737 max aircraft following 2 crashes. Gibraltar on thursday allowed a detained iranian super tanker to leave the british overseas territory a move that could help defuse tensions between london and tehran those tensions are part of increasing friction between iran and the west over economic sanctions and those sanctions are taking a major toll on iranian Business Owners and consumers take a look. From the ring in port city of pounder a whole line of tankers can be seen transiting the strait of hormuz they come from the entire region kuwait bahrain and the United Arab Emirates supplying the whole world with Oil Container ships are also in transit many. Bringing important goods to the sanctions stricken country shipowner and trader abdullah suffer already has just arrived here from dubai with a consignment of refrigerators. Its becoming increasingly hard for him to trade with other countries. But. Are used to it for one or 2 hours for permission to dock in dubai now i can wait one to 2 weeks and see wondering if they let me you know not because of the u. S. Sanctions ive got chinese traders you know insist on cash payment from iranians like myself we cant make Bank Transfers because of the sanctions. Every day life is becoming really difficult in iran foreign products scarce even medical technology and pharmaceuticals which comes targeted by the sanctions. The worlds population is growing in case you havent heard in fact by 2052 thirds of the worlds population is expected to live in urban areas with Food Shortages possibility could urban farming be the answer. Tending to your crops with the statue of liberty looming in the distance this is the setting of new yorks largest urban farm the idea behind the project is to deliver vegetables directly from the rooftop to the place this is 140000 square feet and its our largest farm so far its our 3rd farm that weve done in about 10 years. The farm goes 36. 00 tons of vegetables every year the project is sold to restaurants and farmers markets. There are no synthetic fertilizers and you see here the soil is a mixture of compost and lightweight stone which makes it efficient up sorting water. Huge surface area across our city is the impermeable roof surfaces so when the water hits that it goes straight into the system so we can slow it down and absorb millions and millions of gallons on spaces like this urban farming is a growing trend in every sense in the future rooftop gardens could be a common sight in cities around the world. The european soccer season is getting underway the con its biggest leagues and clubs from top german sides to barcelona renowned clubs like Ajax Amsterdam or celtic glasgow all share common grown literally. Perfect soccer pitches dont grow over nice this one took about a year to cultivate. Here on the german dutch border with it sandy soil close to ground water level the conditions are ideal. The pitch needs to be tended to almost daily. Sort of not mud image for the strips to be mown some 100 times before harvesting they also get watered 10 to 12 times by then and there have been fertilize 6 or 7 times along with other measures like combing the touching and vacuuming. The grass needs more water in hot summers its 30 degrees here today so the turf needs to be harvested and dispatched rapidly as a living organism it wont last too long wrapped in plastic in the back of. The. Main stress for the turf it can generate enormous hes itself when its rolled up like this can reach temperatures of over 60 or 70 degrees and that can ruin it all. This time everything has gone smoothly on the turf arrives in cologne stadium in good shape. The fit takes only a day to lay the new pitch in cologne then its mode air and water it ready for its 1st pounding. And thats it for me in the business scene you can find out more about these and other stories online. Business. Thats watching. Damn you are in the book you are now when im not keep warm you can learn from no commitment to exposing injustice global news that matters to me for minds. Whatever we begin to the day will effect get out of c o 2 in the atmosphere of the increase of the temperature. 20 firstly we have to start down i started to decrease the amount of c o 2 programs now this is actually not a hard problem it just takes will however there are very important economic interests to all of the lot of coal who own a lot of oil that are doing Everything Possible to make sure this doesnt happen we have to fight them by 2050 will be well on the way to reliable and Renewable Solar wind im optimistic that. Were not totally gets a species. Astronauts from up escape is climbing a volcano in lands the russian and the canary islands. He returned from his long Space Mission just a few weeks ago space agency sent the astronauts here for training