Desire. That drives. You to change. Why dont we. We go in search of answers in a documentary film. Starts may 21st w. China gave stock markets i must come boost chinese exports truth fund stronger than expected fueling hopes the asian powerhouse could soon support a Global Growth again. And Street Vendors in asian cities have to reinvent their Business Model to stay in business. And with that a very warm welcome to d. W. Business im going to get johnson berlin and were starting with some surprise data coming out of china where exports rose in april for the 1st time this year despite the ongoing covert 1000 pandemic and its destructive effect on the Global Economy a behind the scenes trouble is brewing. Chinas overseas sales were up 3. 5 percent for the month of april thats according to the government in beijing whos official numbers are regularly doubted by economists it may be a rise in exports of personal protective gear and other goods related to the pen demick that helps chinas numbers but those effects may be short lived meanwhile economists expect trouble on the horizon for china and it is not because of the tension between beijing and washington he spat between nutrition and she a ministration i dont think is terribly important what is much more important is the fact that it pulls the point chain has to be problematic and in issues will be looking at whether china in the medium longer term can continue to be seen and say were liable supplier. While the Coronavirus Crisis is threatening chinas role within the Global Economy the spat between the white house and beijing is certainly not helping us President Trump on wednesday compared the pandemic to an attack against the United States and drew parallels to pearl harbor and 911 trump has also threatened to put an end to a trade agreement long in the works chinese trade negotiators reacted quickly. You what youre seeing wealthy if they see the pandemic can be compared to pearl harbor or 911 the enemy the us faces is the Novel Coronavirus when faced with humanitys struggle with the same virus i think the us should fight side by side with china as comrades in arms instead of enemies me. Being gentle and genuine for now surprisingly good Economic Data cant cover up the strained relationship between the worlds 2 largest economies. Well meanwhile the pandemic is causing havoc on the in the United States labor market new figures out today show that 3200000 americans filed for Unemployment Benefits last week as lock down measures devastated the u. S. Economy even further it takes the total number of claims and early march to was and 33500000. 00 on friday and monthly figures are expected to show the jobless rate at a record high of 60 percent. And carter joins us now in new york and so a mixed bag of news today not necessarily nice unemployment figures in the u. S. But then surprisingly strong data from china are what did wall street react to most. Well i mean the figures from china clearly worse a pleasant surprise because economists said to expect that another huge should drop in exports and obviously that did not happen well those figures probably wont be sustainable they had been quite some backlog goes specially from Southeast Asian nations so the figures will get a bit worse in the next couple of weeks and months probably but still if you look at the market overall we see it to good knowledge e shares on the rise and not just today but also in the past a couple of weeks actually than a stock called because it is back where it started its year we live in a more and more Digital World to especially now and thats what wall street is betting on even if those figures from the labor market clearly are shocking and will also prove in the near future that people just wont spend it all as much as theyve done before the crisis hit and lets talk a little bit about the people we just saw about 3 young gentleman passing but otherwise that story just standing on in front of the Stock Exchange is very empty how americans keeping fit these days if the Company Peloton which went public last fall who was came out with Quarterly Results and the amount clearly is surpassing the inventory of the peloton the company is not profitable yet but they saw a huge spike in revenue and that stock alone was up by a good jim 16 percent it is a bit to a surprise because as we mentioned the labor market looks a really shocking a lot of people being unemployed and you wonder where people find the resources to buy the bikes or trip from peloton or cost to and 4000. 00 up myself by the way i came here by bike from brooklyn so i dont use a public transport you have to takes me about an hour from home here to wall street and another hour a bit cold so thats my exercise for the day yes isnt there a familia i do the same here on the island take care of yourself and scott in new york. Nobody says its cutting 3700 of its full time staff because of a drop in business during the coronavirus outbreak the right hailing company says the worst Case Scenario could see the number of passengers fall by 80 percent this year has been hot offering up to 2 weeks of Financial Support to drivers who are quarantined the firms Food Delivery Service its a seen an increase in business its also full to the company is in talks to invest 170000000. 00 in school to hire lie. And all for a brief look at some other business stories making the news around the world. The European Commission wants to create a new office to 5 Money Laundering and Financial Crime within the e. U. According to a plans that message to member governments on thursday you officials have warned of a spike in Financial Crime during the covert 900. 00 pandemic. The bank of england is forecasting a record drop in the u. K. s annual economic output this year the central bank expects g. D. P. To fall by 14 percent due to the Novel Coronavirus pandemic and once the downturn could last well into 2021. Well normally food vendors are an essential part of everyday life in asian cities but their business has been hit hard by the pandemic they have to come up with creative new ideas to keep selling. For years melvin chew has been preparing Delicious Food at a Street Corner in singapore but with their stalls closed and tables sealed off local street chefs or hawkers had to switch gears for 2 it was as simple as starting a Facebook Group to connect cook sent customers. For. Food there are a lot of supporters who have been sharing this Facebook Group. A lot of them have also been helping out some of the hawkers so this is actually brings out the passion and the love for singapore hawkers food or. To space book group pass quickly grown to a quarter 1000000 fans. Meanwhile Street Vendors in bangkok are pulling together to set up the Delivery System the food is brought to what used to be a busy hotel here it is packaged and sent out to customers the cooks benefit as to the hotel workers. But perry believe we dont have to wait let our people go all they can get this fiery yeah i bet that if the 1st fight but another be the fall a help people our idea because we dont want to reopen it once again for our plain little timid know of nothing that good things arent moving quite as fast and young gone myanmars largest city. Volunteers are delivering face masks to protect those vendors who lack the means to change their Business Model. Is we are afraid of the virus we read that it kills people but we cant make a living if we cant work we have to think of our family. Whether its simple masts or new ways to connect asia street chefs are cooking up Creative Ideas to stay afloat. And staying afloat is also on the minds of factory workers in mexico who out of a job due to the pandemic our next report takes us to a farm where theyre getting a taste of a new occupation this is not how they expected to be spending spring time the work of picking berries or bangs as far away as you can guess from the Assembly Lines theyre used to but for these furloughed car factory workers its a lifeline. So you know this job is helping me pay my bills and its also providing the money i need to get through the week. That i was im on the you know i dont think its a mutually beneficial arrangement around the world lockdowns have put pressure on farmers who rely on Seasonal Workers from abroad lack of labor just one of a number of challenges the Agricultural Industry is facing it will be still weve seen reduced demand at the behavior of the worlds consumers has changed and its changed because theyre restricted from leaving their homes their habits have changed completely Food Service Distribution to restaurants and hotels no longer exists. To bury picton sources at this farm are destined for the United States well as hope the easing infrastructure is there means theyll be a market for them for the laid off car plant workers what happens after harvests remains an open question. And that is your Business Update here on t. W. You can get more from our d. W. Dot com for what slash business and of course were also on facebook and twitter for now for me and the team in berlin thanks for keeping us company. Sound in time saying what are a drain on Natural Resources guitars made of african. Forest. Are threatened. American guitar builder is taking responsibility. Financing reforestation coming. Cold africa. On. Europe and the end of world war 2. 00001945 brought an end to the destruction so. Marked a new beginning of european cooperation. W. Celebrates the 75th anniversary of the end of the 2nd floor to. Meet on t. W. Is for me. Is for you. Beethoven is for. Is for. Beethoven is for us. Is for. Beethoven 2020 the 250th anniversary here on. Capitol hill. Hello and welcome to this new edition of eco africa be environment magazine brought to you by channel selves in nigeria germany i 90 v. In uganda i am now a thai but i do not joke of the Vision Foundation in lagos i just largest city and copresenting with me today as my colleagues how to use sunder how you do it helen yet
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