Take it personally are you ready with a little blunder people in stories that make the game so special. For all true fans oh my. God more than football. The food. Chooses berlin for its new european gigafactory c. E. O. Elon musk says german engineering is the main reason its a breath of fresh life for an east german region next to the capital. Also on the program markets listen in as the u. S. Federal reserve chair powell speaks before the u. S. Congress with few surprises were passed for Interest Rates in the u. S. Fully main time changed. And porky problem. In china well take a look at how the african swine flu has impacted the worlds biggest consumer of pork products. For business on the w. B. And how you know its good to have you with us its an announcement that took germany by surprise the country is set to become home to teslas next factory in the outskirts of berlin c e o u n musk made the announcement claiming he chose germany because of the countrys reputation as an engineering giant eagle is to say people here are excited i mean intense competition over which region would get to host the premium carmakers facilities and add thousands of jobs. Setting couldnt have been more apt clutching his award for the tesla 3 the lawn must drop his bombshell that evening with its maker weve decided to put. The gigafactory europe. His announcement left even the present to last 2 words. Tell us whats your biggest factor is the word and demand serious the 1st european tesla plant is expected to create at least 7000 jobs a peek into what the future may hold can be had close to shanghai where teslas least enough land to encompass 120 soccer pitches the shanghai plant is expected to turn out 500000 cars a year the complex was built in record time barely a year. Its also about prestige germany and the brandenburg region won out against a lot of stiff european competition. To start letting this contract is important and good news for germany on the one hand because it creates secure jobs for the future here on the other hand because it also gives germanys International Credentials as an automotive leader a boost. And it also comes at a time when were on the cusp of a new era of electro mobility and battery production. And. The new plant could be located here can hide a small municipality east of the capital in it already boast good Industrial Infrastructure construction is expected to get underway within only a few months and thats a pace that brings jobs to the region im all for it the space is there highway connections are there its fine we have to see what actually happens though b. M. W. Once planned a project here but nothing came of it. If im just going to i think its really stupid because it means new jobs i think it will give the region here a huge upswing ive got my fingers crossed and hope the plant does actually go ahead teslas plan is still only a declaration of intent and the notion that the new model white compact s. U. V. Complete with its batteries could be rolling off the production line here by 2021 is quite an ambitious one. Major u. S. Stocks ended the day up after a Federal Reserve chair jerome power world told lawmakers the central bank is likely to hold off on further Interest Rate cuts powell was optimistic about u. S. Economic prospects he expects a solid growth pace despite risks from slower Global Growth and trade tensions ours remarks kicked off 2 days of testimony by the fed chief in front of congressional panels. And our financial correspondent on wall street and ways that all has been following plywoods remarks for us and we said good to see you again well of course investors are listening closely when it comes to the future of the u. S. Economy how did powers words go down on wall street. Pretty well have we are no surprises at all from chairman who basically gave fodder indication that it is unlikely that we will see an all the Interest Rate move a year and even in 2020 messages and now very much in line with the market space stations Going Forward either way we do need to know what will happen with trade talks it with china as the wall street journal reported to be hesitant to compromise on a specific number of you as a group called products to buy but as i do your Term Research will touch more extensively on debt sustainability and downside it reads for longer term growth. From high federal levels here in the us there was a reason lets talk about one particular topic that is of interest for many all eyes where disney after the introduction of its streaming Service Disney plus what can you tell us of its performance is this a dream come true. Im going to quote dumble here we have here and say dont just soar daddy its what disney is talk has been doing on wednesday up 7 percent reported that a wrong 10000000 people have already signed up to do or streaming service is an astonishing number even if we take in consideration the outages experienced on tuesday sign ups that snow the equal subscribers but so far it seems these new appliances only to a all becoming one of the most Popular Streaming Services in north america. Up to 90000000. 00 births in the next 5 years but it still needs to catch up to netflix which currently has around 162000000. 00 subscribers worldwide disney plus becoming the elephant in the room for streaming services thank you very much was abused in new york. Now to some of the other business headlines were following for you at the dubai motor show Virgin Hyperloop one is showing off one of its passenger pods which will one day rocket along at up to 1200 kilometers an hour virgin said recently it will build a 35 kilometer test track in saudi arabia the track between mumbai and in india begins construction next year. Brazils president jacob also now to once decried china as predatory now hes welcoming president xi jinping to the brics summit in brussels the president s of brazil russia india china and south africa are holding a 2 day meeting there which is expected to be a low key affair with technical discussions. To nigeria now where many Young Professionals have an invisible tax when its payday the money they earn must feed their parents and other family members due to poor social welfare coverage older nigerians have to turn to the younger generations the younger ones often put their life on hold to take care of their parents and siblings. Getting ready in the morning without Running Water isnt uncommon in many parts of lagos all abandoned solomon all of corn has to make the most out of his 5 metre square room. He works in a small saloon giving money curious and pedicures. Im very close it is out and i said to something so you just let me know he cant afford to lose another client the rainy season and business is slow but that doesnt stop the messages from home his family still asks him for money i get a message from my sister about school fees. And i thought so. I think if someone you know. I would never want her for you i came to go to school is find that his salary changes every month depending on how many customers he gets in a good month he might an about 600 here us about half of this goes to his family i dislike it i dont like it but youre trying to stop me doing. Me i know its not supposed to be like that on his way to work on a bungee visits his father he lives alone and lost his job a few years ago but thanks to his son he still gets a warm meal every day without his son support he says he wouldnt survive. But. Hes told me that i shouldnt call on him as you often because hes planning his own life to live through right now is unable to build his own life or start a family in nigeria people like him a cold to the Sandwich Generation hes stuck in the middle taking care of the older generation while also wanting to raise a family of his own. For the past several months china has been struggling with an outbreak of african swine flu half of the countrys pig herds have been wiped out the price of pork has surged as a consequence bad enough for farmers for also for consumers and a country that eats more pork than any other of the worlds. You might assume that searching pork prices would be good news for chinese butchers but for tan who young theyre nothing but a curse. The price of pork is increased and there are certainly fewer people. To be honest we dont want the prices to be high we sell more when the price is lower because the cost is high profits. China is both the worlds biggest producer and consumer of pork meaning the impact of the epidemic has been felt on International Markets producers in brazil astray and europe have benefited just specially from the fall in chinese outposts. The decline has prompted several local governments in china to tap into the countrys frozen port reserves the existence of which shows how essential the government considers the meat to be. With the crisis are ready lasting months though officials are coming under pressure to take further action to stabilize prices. Still cancel places high importance on the issue of the rice and pork prices and has a ready and acted a series of measures to new the centres wash these measures as well as the policies up to now appear to have had a positive impact that fashion. Digital toil. But for a nation of pork lovers the prospect of having to either cut down on or for kite more for their favorite mees may feel like anything boss a positive impact. And thats all from us here at the w business thank you very much for watching remember you can always stay up to date with the latest business headlines on our website at steve w. Dot com slash business so next time take care by. The fall. Into conflict with saddam street with time running out cold brussels among them to get a fresh new feel free to is claiming to be a player on the british family goshi ations file our guest this week here in prague is the czech foreign minister Tomas Patricia he has surprisingly clear differences with the government too so so why doesnt he resign so for. This republic is a digital lab lithuania and its 80 sector. Is a house for exciting new start. Young talents flock to capitol Hill Investors fact new firms in the Digital Economy to splurge change. The boom last. In 60 minutes on d w. 4. Their health isnt calculable. Their egos in synch with. Their rivalry to. 3 princes. Who dream of the arab world. Under full power and boundless ambition have crushed the middle east into a grave crisis. To rival concerns of the gulf states nov 27th on t. W. But also in the. Front office of his in the Central Europe youve seen massive demonstrations protests demonstrations up to the Prime Minister to decide whether the loans focus that was hard on the building in the in the fund and so far to the fury with time running out for brussels in london to get a brecht would be a premier with longing for people all the blame on britain if they only go th and filed my guest this week here in prague is the czech part of the thought patrick that he has surprisingly clear differences with the government he so of so why doesnt he resign