The cause is still under investigation. Only a few days after stocks seem to do down the dow shed over Thirteen Hundred points wall street stages an impressive comeback. Also on the show as global automakers steer increasingly towards electric vehicles the e. U. Is to pump Two Hundred Million bureaus and to develop a more powerful batteries. And a grim outlook for Beer Drinkers and you study says Global Warming presents a key ingredient of the brew. Its time for business on the w m how you get us welcome to the program investors on wall street are having sighs of Relief Stocks there followed the strong gains posted on european exchanges the Dow Jones Index closed tuesday session two point one seven percent higher recovering from last weeks losses of more than four percent warnings by the international monetary
fund predicting Market Turbulences had triggered a sell off on most Major Trading floors. Lets get it first hand for that we are now crossing over to new york where our financial correspondent jim acosta is standing by hi ends well thats a pretty impressive recovery there whats going on exactly. Last week we saw the worst week for wall street since the march and now on tuesday we had the best day on wall street since end of march well a couple of sectors under play here on wall street first of all we got some really good Economic News from the Labor Market Job Openings with a good Seven Million reached a new record and there is almost a million more job openings then people are obviously were officially claimed unemployed saw that shows that there is almost. Full employment here in
the United States and then we also got a bunch of pretty Solid Earnings reports from banks like Goldman Sachs and Morgan Stanley but also especially from the Health Care Industry from Health Insurer United Health from johnson and johnson beating earnings expectations all those were some factors why blue chips popped up by more than five hundred points. And talk of the Worlds Largest ever i. P. O. Is also getting louder whats the latest over technologies the right sharing company got some proposals from bang for their planned i. P. O. That is probably going to happen at some point in twenty nine scene and some of the bangs see a value for. Next year at One Hundred Twenty Billion Dollars so thats quite a breathtaking number if you consider that the company only of blois about Thirty Thousand people is not profitable and wont be profitable probably anytime soon but
investors keep Pumping Money into over and just to put to get an idea what One Hundred Twenty Billion Dollars means there was that over would be worth more than ford and General Motors and chrysler so the big three u. S. Carmakers combined. Theres quarter on wall street thank you very much. The United States is to impose a fresh set of sanctions on iran theyll target a multibillion Dollar Financial network that allegedly funds the recruitment and training of child soldiers the move is part of a wider u. S. Campaign aimed at putting pressure on iraq earlier this year donald trump pulled out of a nuclear deal that will see a range of previously scrapped sanctions reintroduced iran is already feeling the effects including a fall in oil exports and several companies leaving the country. The Business World is in mourning for paul allen the cofounder of microsoft he died at the age
of sixty five allen founded microsoft with bill gates in the one Nine Hundred Seventy s. He ranked among the worlds wealthiest billionaires and was known for his philanthropy and the owner of two Professional Sports Teams in the us the n. F. L. Seattle seahawks and n. B. A. Portland trailblazers as to in a statement bill gates said quote i am heartbroken by the passing of one of my oldest and dearest Friends Gates was speaking in berlin during a string of aid and Development Conferences among them the Goal Keeper Event hosted by the bill and Melinda Gates foundation that tracks progress toward the uns Sustainable Development agenda. The good news is that worldwide extreme poverty defined as living on less than a Dollar Ninety a day has fallen drastically in the last three decades the bad news that extreme poverty is now concentrating in fast growing africa. By Two Thousand And Fifty almost ninety percent of the worlds extreme poor are expected to live in Subsaharan Africa many of them in the Democratic Republic Of Congo and nigeria
does the call from gates for more aid more resources and more investment will the worlds done a great job getting people out of extreme poverty but its can be a huge challenge in africa with the Population Growth the Disease Burden there so our innovation in new tools our Aid Generosity were going to have to do even better. Our job in africa than weve ever done in the past Sustainable Practices across the west are also a focus because even in somalia ive personally seen in somalia and in the chad region how plants and animals are dying and how the peoples livelihoods go with them but to really understand it means realizing that we in europe and in germany are part of the reasons for this change those laws and. Family planning nutrition and Disease Control are also seen as critical the stakes are high nothing
less than africas future. Dozens of protesting women have been injured outside a Textile Factory in myanmar by an angry stone throwing mop the women were fired from the factory after striking for better working conditions one of the victims says they were attacked with Sticks And Stones by about forty men she says where hired to break up the demonstration the factory makes items sold in germanys legal discounter Supermarket Chain needle says it is investigating the incident many German Companies especially fashion labels have been slammed for the vast working conditions of their Supply Chains in developing countries. High capacity batteries made in europe thats a dream the European Commission wants to turn into reality it plans to invest two hundred Million Euros on the development of more powerful Battery Cells over the next two years as they are crucial for the future of several Industries Europe right now lacks way behind asia and the u. S. To look spog an id vision is due to hit the markets in only four years fully
electric and with a range of Six Hundred Fifty kilometers carmakers are eager to depict an emissions free future where all the a calls are powered by electricity by twenty twenty five v. W. Says it plans to have eighty new electric cars on the market but where will the batteries come from Probably Asia thats where over. Eighty percent of all rechargeable batteries are made because the world seems dedicated to electric future theres a gold rush mood and production is in overdrive but there are too many batteries for the current demand and prices are low as a result and that makes it hard to set up a Competitive Industry here in europe but thats what the European Commission wants up to forty percent of an electric cars value is in its battery so it makes sense to get in on those potential profits thats why volkswagen has invested around one hundred Million Dollars in the us about a Respect Quantum Scape want to build
a solid state batteries and german car makers say that is the future right now the batteries only work in the lab they are far more powerful than Current Technology but they have a way to go before they hit the market. And speaking off markets youve already had to say goodbye to human staff when you check in for a flight well now its time to say goodbye to the cashier at your local store to at least thats whats already happening in japan as the Train Station in tokyo tries out an unusual concept thats shaping up to become the norm. If you come here expecting it to share youre in for a surprise at this Station Store in tokyo shoppers serve themselves dozens of cameras fixed to the store ceilings and shelves detect which they choose. Buyers pay with prepaid cards issued by transport Companies Automated shops are new u. S. Retail giant amazon already operates a number of them and is planning on opening more in the future proponents say its
a winning Business Model but it was a Little Convenience stores had to close because of lack of workers and rising labor i think this illusion could address those issues. Because youre free storable initially open for a two month trial period enough time to find out whether the concept could be a hit in japan. And heres one product you may not acquire in those future stores beer a new study says Climate Change might reduce the global crop of barly a key ingredient in beer its just full outlook for Beer Drinkers and as you can imagine thats especially the case here in germany. Fear the worlds most popular alcoholic drink its associated with cultural traditions like here at october fest in munich germany its that association with good times that has some researchers will a possible Barley Shortage spell the end of social life. Sabir play it plays out why the bay its a social kind of the tool. For the stability as well if we
still want to have some blocks or essentials to have such like beer talk of the Coffee Tea Things that the Climate Change is going to do and they help well thats china is where the most beers drunk Forty Nine Billion liters a year a threat to the supply could cause of variety of problems the countrys center for Agricultural Policy is on the case when we can go to all those under the most extreme Climate Change scenario the beer supply in china will drop by approximately nine to ten percent and therell also be a clear increase of the price. Actually china should also make efforts to upgrade crop seeds on technologies to produce barley that can be used to produce beer. More Beer Drinkers can start tightening their belts now and get used to the idea of a beer less future. So go and enjoy it as long as you can thats all for business
thank you very much for joining us remember he can always stay up to date with the latest Business Headlines on our website thats d w dot com so next time youre in the bike. And on demand. Language courses. Video and or you know. Any talk. W. Media center. Im not laughing at the germans well i guess sometimes i am but mostly im laughing with the taliban the german thinks deep into the german culture of. Mutants ridiculous gram a day on the east coast its all about who they know im rachel join me for me to get the monkey to force sometimes books more exciting than real months. Preparing to. Go. Want to stir snow and speak
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