Time to complete the 2nd season of only. 16 about the environment still about society and still about us but all comments on the brink spoke to some of the leading experts in the fish. Hook up just a couple of good friends. Members breaking the old taboo and agreed to common debts investors are happy what does the 750000000000 euro Pandemic Recovery package mean for the block in the long term well talk to an expert. Also on the show washington is under pressure to pass its own aid package as case numbers. Rise and benefits near their expiration date. And theyre ready for their close ups but not too close look at the film business in the time of the pandemic. Flu and welcome to the show and see bears in the lead good to have you with us investors are embracing the e. U. s unprecedented 1. 8 trillion euro aid and budget deal which would see the bloc borrow against its own budget for the 1st time in its history the euro hit an 18 month high on the agreement which also drove market gains in asia europe and the us the deal hinges on a 750000000000 euro coronavirus recovery find divided into loans and grants for members hardest hit by the pandemic the grants dont have to be repaid heres how european leaders have been selling the deal. The agreement reached in brussels early this morning is good news for millions of people in germany and all over europe. And if help is needed now especially for countries that calm manage the recovery on their own likes and evelyns did exchange we expect those countries to do Everything Possible to manage on their own next time for over the year 2 Interest Rates are lowered the cost of borrowing is smaller and everyone benefits from that thats called financial solidarity so thats what was born this morning in this agreement and its significant progress. Its an authentic Marshall Plan to give a full School Response to the covert 19 crisis but also to make those transformations we need a few want to be a resilient competitive think inclusive digital and Green Economy for the coming decades even. Here cramer is chief economist at germanys commits bug and he joins us from frankfurt your welcome to the show ok so the e. U. Is planning to raise debt worth 750000000000 euros and for the 1st time its going to be joint debt can you explain how that works exactly. You mean union issues all with the issue of laws 750 euros and these bonds will be begged by the e. U. The union budget that means the individual countries even good member countries are only indirectly liable to pay these bonds ok so who is going to buy the stat who wants to own the debt of the e. U. With the usual suspects it means Banks Insurance Companies it means of those institutions who are required by the state regulators to hold government lots of a 750000000000 euros what does this mean for inflation potentially in the e. U. Thats a lot of cash coming into the system absolutely and we know that in the center of it with by the end of these bonds and. In the long run i think this is a problem for the coming 2 to 3 years because of correlate on a climate traces unlike in the long run this is really true more inflation is the e. C. B. Bicycles these government bonds which needs to increase in the money supply of 3 even if you do not see the sale of fishes c. P. I. Inflation we are right to secede more as a price for nation that means a morning creases in the price of houses and this is made in some countries in a kind of. You know when such a property that is can cause a lot of economic damage to several i think this kind of policy as a golfer its all right here cramer chief economist at comments box thank you very much and lets take a look at some of the other business stories making headlines. E bay has sold its online classifieds business for more than 8000000000 euros to out of into the Norwegian Company runs Online Marketplaces across europe and latin america the deal will significantly boost the size about offensive as it acquires e bays classified ad sites including gumtree in the u. S. And in canada and italy. Irish budget carrier carrier ryan air has announced it will close its base that front for hahn airport in november and it is reportedly considering closing hubs in berlin table and dusseldorf the decision comes after the union for german pilots rejected a pay cut proposal. United airlines has reported a 2600000000 dollars 2nd quarter loss the carrier has been scrambling to adjust its operations to a sharp drop in demand especially for International Travel during the pandemic in the 3rd quarter united expects to fly about 35 percent of the schedule it had a year ago. And saying in the u. S. Republicans there are forging ahead on a new one trillion dollar Coronavirus Relief bill but face skepticism from President Donald Trump as well as democrats in the effort comes as the pendant worsens in the u. S. And before a supplement to Unemployment Benefits expires at the end of the month trump wants a payroll tax cut built into the deal democrats meanwhile have dismissed the emerging republican plan as favoring corporate corporate rather interests and not doing enough to help working families. And without lets go to our financial correspondent yens korda in new york yes good to see you why is there such an urgency to passing a new package. The economy is still struggling quite a bit here in the United States you have estimates that restaurants for instance 20 to 25 percent of those countrywide actually might have to close and for good you just mentioned United Airlines their revenue actually dropped by a good 80 percent in the past quarter but you also have people being unemployed struggling quite a bit i know people without federal aid they just will not be able to face and pay their full rent so that will also affect. For instance or there definitely is still need for more aid out of washington for the population and also for struggling businesses. I would imagine that the u. S. Has the money to spend so where exactly is the debate over this bill. Well if they have the money is that debatable i mean were just tightening up a nice death load term here in the United States but then again i mean the debt is already so high so who cares about a couple of 100000000000. 00 more of what were talking about the stimulus package that is discussed right now is roughly one trillion dollars and youre right in that respect its not about the amount itself but how to spend it democrats for example want much more money for schools and then 1. 00 Important Program actually ends next a week and that weekly unemployment aid office 600. 00 so thats going to expire and democrats for instance want to just actually continue with the Program Republicans are far more hesitant to actually give the same amount i just talked to a restaurant manager here on wall street running a big steak house and he said hes dead against this program because he says 600. 00 per week that small then there then his employees usually make so theyre just not showing up for work so basically theres a big debate how to spend this money all right yes quarter with the latest from wall street in new york thank you yes. Well a pandemic hit the pause button on the global film and t. V. Industry but as europe emerges from the coronavirus lockdown filming is also resuming so how do you shoot an intimate scene and keep socially distant well it helps to have someone with the yardstick on the set. Of these old scenes from the german tell a novella or to who was an old red roses could need a rewrite and itself has a couple of his acting is very physical and includes working together closely with other people literally closely but thats not possible anymore in india 5 in one when youre acting you dont want to feel like youre on set but this little voice in your head says keep your distance one and a half meters one and a half meters option and. The same applies behind the camera in the right. Film sets a crowded places. To keep your distance but they mature enough to remove your masks 10 minute break to get some fresh air. Its just another thing i have to think about i have my lines the scenes my screen partner the set and then suddenly someone yells from behind one meter 50 and im like some kind of common down trick but it startles you and totally throws you off yeah that was too close. As i spend 80 percent of the day brandishing my yardstick constantly reminding people come on guys maintain a distance you know strong that is probably the problem is that we have to completely rethink our usual routines muscles filming has totally changed. What shaun leg takes longer and costs more in part. You cant make movies without insurance and a pandemic like over 19 is not insured and thats a risk its something we have to discuss with clients and more importantly with policymakers. Does it is it worth taking that risk at the end of the day the who think yeah yeah totally but theres no sense in not filming you have to do it differently and taking every single project into account on an individual basis i can stand the tough weve set up a crisis team that draws up an action plan for every production in conjunction with our Company Doctor to establish who gets tested when and how often we have a fine invasion most contested so could we end up with clumsy cheap looking films. I dont think anyone will notice the difference and we even airbrushed out the plexiglas during the kiss in a wedding scene no i dont think people will notice it but a sex scene without getting close without rigorous testing and lengthy quarantines it just wont happen. The lights out its who you are is a reassured that were keeping our distance yes mom i will good but at some point it will just look awkward thats past missed me or were just glad to be filming again that is as long as viewers dont switch off as reserved. For me and the Business Team as always thanks for watching. Might that have once been life on mars the new robot is about to head that to look for traces. Its an incredibly complex machine packed with Amazing Research equipment. We talked to 2 scientists from germany working on the project. To afford to do it. On. Ok your distance. Coronavirus has changed almost every thing how we live. How we spend our free find how we travel. How our company advertisers and Creative Industries reacting to social distancing. Made in germany. 16. Im not laughing at well i guess sometimes down but most end up with that people have been think deep into the german culture of. New jersey will take this drama they all eat because its all about who they know im rachel join me comedic at the funky gulf coast. What secrets and why behind things why. Discover new adventures in 360 degree. And explore fascinating World Heritage sites. W World Heritage 360 getting up now. Is the universe expanding ever faster or maybe not. What role does dark energy play. Into what is a supernova and how is it formed. This time we look deep into space with the coolest telescopes that science has to offer
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