After the fall of. The night. Mario druggies era as chief of the European Central bank comes to an end of his Monetary Policy led the eurozone through tumbling Economic Times well have a look at his legacy. Also on the show u. S. Vice president mike pence attacks china on intellectual property and Human Rights Violations just ahead of crucial trade talks. And argentineans head to the polls on sunday to elect their next president incumbent mark you will have a tough time in the midst of a deep economic crisis. Its time for business on the w m how you get us welcome to the Program Never give up thats how the European Central banks chief mario draghi summed up the lessons of his 8 year tenure at the top of europes most Important Financial Institution there were no surprises during his last u. C. B. Meeting on thursday Interest Rates will remain at 0 percent as expected god is due to take over in a few days mario druggies Monetary Policy was not always popular but the spite all the controversies his support for the euro never wavered. Standard rituals and costumes the blue suit the reserved the business like demeanor for the 65th and final time mario draghi enlightens the world about e. C. B. Monetary policy their recent round in the euro area Growth Outlook remain on the downside. In particular these Response Teams to the prolonging presence of uncertainties related to geopolitical factors the rise in protection is an vulnerabilities in emerging markets. Druggies used to dealing with uncertainty the Global Financial crisis the Great Recession the sovereign debt crisis he steered the eurozone through fiscal her akins. Without druggy the euro might well have been sunk. As Global Financial markets began speculating against the common currency in 2012 he made his famous vow that put paid to the crisis almost overnight. These c b is ready to do what ever it takes to preserve the euro. And believe me it will be enough. Opening the monetary floodgates why the e. C. B. Then bought up sovereign bonds and slashed Interest Rates to historic lows the policy prevented a line of sovereign defaults. So many german economists are unhappy that the cash flow has been resumed. Beaten it is last conference as e. C. B. President druggy avoided any hint of sentimentality but he did venture this. In a sense this is part of our legacy never give up. Next week former International Monetary fund money director Christine Legarde takes the helm and all indications are that she will maintain druggies course and welcome. Mario draghi was a familiar face in the worlds financial capitals for more im now joined by g. W. Financial correspondent on wall street against caught to good evening to you yes well mario draghi we know it was a controversial figure here in europe how was he seen on the other side of the ocean well u. S. President donald trump just this past summer said that druggy should be at the head of the fed and not the person that is in charge of the Federal Reserve at this time making quite some criticism of the fed chairman. Powell well i mean what leaves of what is left for a druggie is his ultra lose Monetary Policy and that actually did put quite some pressure on the euro the euro in the tenor of mario draghi lost roughly around 15 percent in value in comparison to the euro to the u. S. Dollars so its probably the biggest effect here on the United States that the euro devaluated and the dollar got much drunker with Interest Rates being much higher here in the United States and they are in the euro zone now youre looking at the trading day today we saw a bunch of Quarterly Results from Different Companies what do we make of those numbers. Now well its pretty basic levy in the busiest day of earning season so far and for the entire surfing season in general and what you could clearly see companies that beat expectations they saw their share prices gaining quite a bit tesla for example being one example of the stock being up by a good 17 percent but then on the other side we also had some companies that could not convince them analysts was their earnings reports for example being the biggest loser in the dial jones industrial average so we had some mysis we had some beats and at the end of the day at least the Dow Jones Industrial average basically stayed flat we did see it to get all juiced shares gaining quite a bit better than the Broader Market and then after hours we got numbers from chip maker intel beating expectations the stock up in the after hours session by a good 6 percent and we see amazon dot com trading to the downside and afterward trading by more than 7 percent after that company for the 1st time in over 2 years reported a profit for a profit decrease a lot to digest there thank you very much and scott a for the perspective from wall street. Saying the United States ahead of us china trade talks american Vice President mike pence has criticized china for failing to live up to its promise to do more to fight intellectual property theft pences speech comes as u. S. And chinese officials work to finalize what the trumpet ministration is calling face one of a deal to ease trade tensions despite the criticism penned set the u. S. Wants to get back to business as usual. Mike pence wants u. S. Corporations to stand firm or against chinese pressure he pilloried them as social justice champions which check their social conscience is that they zhangs door. And far too Many American multinational corporations have kowtow to the lure of chinas money and markets by muzzling not only criticism of the Chinese Communist party but even affirmative expressions of american values. In fiery rhetoric hence also claim that u. S. Trade deficits had rebuilt china over the last 25 years and that the American People back washingtons trade stance towards beijing when the largely agricultural phase one deal is signed the u. S. Wants to tackle the more thorny issue of intellectual property theft u. S. China trade talks resume on friday. To greece now where garbage is piling up after collectors went on strike against plans to outsource Public Services fearing job losses theyve protested outside parliament where a raft of labor reforms are up for debate greece exit its 3rd Bailout Program a year ago but its still supervised by foreign lenders who want more labor market flexibility. And speaking of economic crisis as argentina heads to the polls this sunday many are looking to the future with skepticism primaries in august indicated the incumbent business friendly president but he said markey could soon be facing defeat at the hands of his opponent a bit of a non this and that could mean trouble for the countrys already shaky economy. He has to raises prices again last week a loaf of bread costs 65 pesos that is Grocery Store in buenos aires now hes charging 80 he doesnt want to but says prices for utilities are going up to. I have to charge more to protect myself from inflation otherwise i wont make any profit at all and we end up passing it all on to our customers. And. This year inflation has driven up prices by around 55 percent in argentina unemployment is also rising and the Economic Outlook is bleak welfare organizations have sounded the alarm that led the government to announce a food crisis and begin granting more assistance to those most in need i. Say there is so many soup kitchens here children being fed at home and theres no work. Monica secure and her fellow protesters blame the president. Took over from the left wing populist customer back in 2015 when things already looked dire for argentinas economy merkley promise to cut inflation and banish poverty both pledges have proven pipe dreams. Will leave behind 40 percent poverty and an inflation rate twice what he inherited. The industry and trade a twinkling consumptions been falling for 15 months. What is growing is the need for social Welfare Centers a bowl of stool like this as oh many of these people will eat today the soup kitchen in one of the citys poor districts provides food to around 200 of them every day and more come all the time. Its terrible when people have to ask for food. It feels demeaning. Analysts say National Debt has risen dramatically under mclean he borrowed a record sum from the International Monetary fund 57000000000. 00 and as the peso falls in value its growing more and more difficult to repay. His loss could be her again in the late october elections former president wants to return to the political stage as Vice President and the center Left Coalition store owner. Says things cant get any worse than they are now is he what they need not have hope and faith in people with good ideas but it will be tough to get out of this crisis with and with this i lead and that will be the task facing whoever does become argentinas next president and before we go twitter shares all fell almost 20 percent on thursday after the Company Posted disappointing Quarterly Results revenue came in far less than what analysts had expected the social network blamed the mr earnings on a bucket discovered in the 3rd quarter a technical issue prevented twitter from accurately targeting advertisements and reduced its ability to help marketers measure the effectiveness of their campaigns critical revenue from advertising dropped as a result. And thats all for this edition of the dollar business thats watching so next time. Enter the conflicts confronting the powerful. Has come a long way in a short time a new peace deal with eritrea a new formula stuff the foundry determined to bring accountability for the human rights abuses of the paul my guest this week here in brussels business credo haile mariam. Conflict so for 60 minutes for coffee w. Going to an official estimates more than 1200000 venezuelans live in colombia legally and illegally. Already have a wide return to. To visit friends i dont think id ever go back there to live what i live there again i dont know so im not sure. Witness global news that matters. Made for mines literature invites us to see people in particular that i like to see as the kids. Growing up. On you tube. And im going to look at a brand new w. From barneys book its personal device and its about topics but its also a lot of Climate Change in the. Only real sense check it out. This is news africa coming up in the next 15 minutes a Technology Pioneer making the world safe that kenya is juliana wrote to has been awarded the 2019 german africa prize shes also the founder of the biggest public what i provide the in Subsaharan Africa but in her would she. Allow greater i guess problems