Transcripts For DW Business 20190620 03:02:00

Then go is widely believed to have committed suicide in 890. 00. The us fed leaves Interest Rates unchanged but leaves the door open for a later cut so what does that say about the American Economy and about the Central Banks independence from a pushy president. Also on the show the u. S. Hopes to bolster its coal power plants unveiling new rules that scrap of missions targets and will likely slow the ships renewables. And will take you to a school in a world gonna where the power of play is helping to keep the lights on. Welcome to business im Stephen Beard thanks for watching. The Federal Reserve has left the key lending rate unchanged in the 2. 25 to 2. 5 percent range but some fed officials apparently expect a rate cut by the end of the year announcing the decision fed chairman Jerome Powell pointed to concerns over weakening Global Growth and volatile International Trade relationships just a day ago similar preoccupations prompted the European Central bank to signal that its ready to introduce fresh Stimulus Measures to boost the eurozone economy. And lets go now to our financial correspondent in new york yen scored a yen is whats behind this incision. Well i mean we clearly saw that the Federal Reserve at least cleared the way verbal e. For a possible rate cut by end of july even if the Monetary Policy is not put on autopilot yet a lot will actually really depend on how trade talks will go on specially next week when ping and donald trump will meet at the g. 20 summit in japan overall the economy is in pretty good shape but weaker Global Growth and those trade tensions that. Uncertainty and thats why the market does expect a Rate Cut Latest by the end of the year now yes we know that u. S. President donald trump has been badgering Jerome Powell for awhile to cut rates and badgering maybe putting it politely what does this decision tell us about his effort if anything. Yeah that is the big question if actually finally the pressure has been too big not just from the white cells but also from wall street because traders here are expecting for quite some time now that there are probably by the end of july we will get a rate cut so if all of a sudden the Federal Reserve would decide to not cut rates so soon that could be actually a disappointment for the markets tend to be early also for a u. S. President donald trump i would say its unprecedented that weve seen so much pressure from the president on the head of the Federal Reserve and then we shouldnt forget its actually not just the decision of fed chairman to cut rates or not there is a committee there are 17 members and at this point 8 are in favor of at least one rate cut in this year aides are still hesitant and one actually is even proposing a Rate Increase so all of this clearly points that there is not some common sense at this point and a lot will really depend trade talks continue where we look at japan next week so weve got one out of our way was this fed meeting so now lets look at the at the next hurdle next week was a g. 20 in japan and im sure well of course talk about it with you at that time ins quarter there for us in new york. Mexico has ratified a new trade deal with United States and canada lawmakers there voted overwhelmingly to greenlight the pact which replaces the old nafta agreement the approval comes during a period of heightened trade tension with the United States earlier this month u. S. President donald trump threatened to imposed tariffs on all mexican imports if the country failed to reduce migration the new deal dubbed the us mexico Canada Agreement still needs to be legally approved by the other 2 countries. And the u. S. Has finalized the clean air measure to replace an emissions cutting plan from the Previous Obama Administration the new rule it out today by the countrys Environmental Protection agency in specific emissions targets all together and gives Energy Companies an incentive to continue using coal plough powered plants. Protecting jobs in the Coal Industry was one of Donald Trumps Campaign Promises the us president honored this pledge with the introduction of the affordable clean energy rule individual states cannot decide for themselves whether to upgrade Efficiency Measures at existing coal plants. Rather than punishing us production in the marketplace to chinese coal which is what the obama thing powerplant did we are leveling the Playing Field and encouraging innovation in Technology Cross the sector we set the Gold Standard for cleaner technologies here in the United States if we dont develop the next generation of clean Coal Technologies here in the u. S. No one else will present than call an e. P. A. Chief and you feel are a former Coal Industry lobbyist said fossil fuels will remain an important part of the u. S. Energy mix environmentalists are a polled they fear the new rules will lead to increases rather than cuts in Carbon Emissions they see if it 3 for the big polluters. Under obamas clean power plan in 2015 c o 2 emissions were forecast a full 30 percent by 2030 compared to 2005. The u. S. Is deeply divided on Climate Policy coal mining regions hope to keep their jobs environmentalists are worried about Climate Change the state of new york has already announced it will file a lawsuit against trumps new energy plan facebooks plan to introduce its own Digital Currency called libra is facing a backlash and not just from anyone the g 7 the group of the 7 leading economies have given the plan the thumbs down french Finance Minister Bruno Lemaire insists that only governments can issue sovereign currencies yet Central Banks from the group to deliver a report on the facebook plan by mid july. Could this be the governor of the worlds next central bank when libor becomes usable across facebooks Apps Including Instagram and whatsapp possibly as soon as next year it could well become a rifle for traditional currencies Mark Zuckerberg is promising money for the modern world i believe that it should be as easy to send money to someone as it is to send a photo. So were already testing this in india with about a 1000000 people its been used a lot in the feedback so far is great and were already working on rolling this out in a number of other countries later this year but the feedback from key financial figures in europe hasnt been so great french Finance Minister Bruno Lemaire says its out of the question that libor should become a sovereign currency the governor of the Bank Of England mark carney has said it will need to be subject to the highest standards of Regulation Security is one of the biggest concerns what with facebooks record on protecting data point out its not the most obvious organization to trust with your money facebook has to convince us that not only should we not worry about privacy concerns when we share stories or when we browse the internet through the social networking but Financial Transactions are now safe as well thats a big thats a very tall order this rather humble looking on facebook in switzerland is the official registered home of Libra Facebook has promised to keep its house in order and avoid the volatility of other cryptocurrency by Pegging Libra To Real Assets and a number of government backed currencies still need to convince uses and financial leaders around the world the lever is backed by more than just look. European aviation giant air bus has sold 50 new long range planes to American Airlines the deal announced at the Paris Air Show is a major boost for the a 321 x. L. Our model which was launched this weekend is yet to be built its a long range version of the popular single aisle a 320. 00 and the order is set to heighten pressure on u. S. Rival boeing which came to paris under a cloud after at 737 max jet was grounded worldwide following 2 deadly crashes. Over africa ask any parent children have surprising amounts of energy and what if you could harness it into well real energy a clever project in ghana is doing just that to the benefit of the children themselves. This is the moment theyve been waiting for the pupils at this school in western ghana arent only excited about writing the current sell theyre also eager to see what happens when they do why because this is no ordinary piece of Playground Equipment each spin produces enough electricity to power forcing rechargeable alley d. Lamps which the kids are allowed to take home with them in the evenings. As does school. Homework. No they were all given as cues that the shot i dont get the lot thats why i didnt do my homework so this started out that he still had this and it was he said 50 and in. The car cell was donated to the school by an Organization Called in Powerplay Grandes its one of more than 50 of the kind across ghana the concept of course on plans are ready in the works for more. On that. And i would guess theyre just on the ground cable that goes into the head must office where the grid it shouldnt and they dispose of it that internet and edgy and they use then they need to charge portable every day ranting for that so dont half like to stay down. The lamps enable people to with no access to electricity to do their homework after dark many of them spend the Daylight Hours that remain after school helping Out In The Fields or at home like now bio before i was only able to study at home when my parents didnt need the lice. I can study together with the other kids. In the evenings the children often gather together to do their homework under the lights of the lamps. Benefiting at night from the playground memories and any Christmas Eve they created searing the day. Great story there and thats it for busy me and the Business Team here for lent im seeing beardsley thats watching. Going to. Cut. Into. Fillets youd have to get through the bundesliga break without a football 6 think again. Defeat the muslims move to france some excitement. Some nonsense. Explain to 9 teams lose. A. Job themselves here on the d. W. P. How to cover more than just one reality. Where i come from we have a transatlantic way of looking at things thats because my father is from germany my mothers from the United States of america and so i realized fairly early that